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Author Topic: why the price of the bit coin is going down?  (Read 173 times)
JerryJam
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April 07, 2018, 10:47:01 AM
 #41

Bitcoin is a leader among all cryptocurrencies. And all other coins as though depend on it. If the price of bitcoin falls, then all the others also go down. And vice versa.Now there is a lot of information about the legalization of bitcoin. All the rich people fear that this will happen and try to sell bitcoins. Thereby saturate the market.The main quality of bitcoin is its anonymity. And if it is legalized oligarchs will not be able to hide their income.

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kram31
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April 07, 2018, 10:49:34 AM
 #42

Bitcoin price is falling down because there are many people getting panic with the market.
They are selling their btc in low amount just to get out of the fall.
they don't know that selling early is just easy losing money.

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April 07, 2018, 02:03:16 PM
 #43

any one know why the price of bitcoin coin is going down day by day,, and when i purchased bitcoin last time the price was Rs 7,00,000 NRI and right now the price is Rs 3,55,000 what can i do ?
Looks like you are trading in Indian exchanges and the main reason for the price slide is because of the RBI notification that says that banks will no longer accept business from crypto currency and they have given a time line for the exchanges and that created a panic from the users and so is the reason the price is going down, there is nothing to worry, just hold on to your coins, there are other ways to trade bitcoin.



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panukurap
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April 07, 2018, 02:14:29 PM
 #44

Many things can make bitcoin prices go down, one of them with a lot of negative news on bitcoin, it will have an impact on the decline in bitcoin prices. my advice is better you be more patient, keep your bitcoin, wait for the next few months bitcoin, surely will rise to higher price.

Dheeraj Kumar Singh
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April 08, 2018, 09:39:20 AM
 #45

“What goes up must come down.” -  Isaac Newton

I really like this quote lol. Explains the pump and dump situation pretty well to be honest. There is always ebb and flow in the financial markets and Bitcoin is no different.




haha Isaac Newton now one of them theories are applying here "what goes up it definitely come down" hahha 
tonylewisverdu
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April 08, 2018, 09:41:51 AM
 #46

because we all know after te price goes and do its bull run next would be correction.. now we are wating for another bull run that will get us a new all time high
Dheeraj Kumar Singh
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April 08, 2018, 09:47:26 AM
 #47

any one know why the price of bitcoin coin is going down day by day,, and when i purchased bitcoin last time the price was Rs 7,00,000 NRI and right now the price is Rs 3,55,000 what can i do ?
Looks like you are trading in Indian exchanges and the main reason for the price slide is because of the RBI notification that says that banks will no longer accept business from crypto currency and they have given a time line for the exchanges and that created a panic from the users and so is the reason the price is going down, there is nothing to worry, just hold on to your coins, there are other ways to trade bitcoin.

Absolutely you r right but because of RBI notification the price of this coin is not much effected by this level but may be one reason is also that RBI is going to launch its own Cryptocurrency "LAXMI" so that is why they say no to bitcoin. And on the other hand the chines government is start banning the ICO project that is why the price is fluctuating so any idea how much it will take time to come up??  
Yassin
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April 08, 2018, 12:28:26 PM
 #48

in early 2018 this is very drastic reduction in bitcoin prices.
I had time to wonder why this could go down so drastically.
but after reading the news about bitcoin and reading on the forums I came to the conclusion that what affects the decline in bitcoin prices is the closing of advertisements on various sites and bans on bitcoins in various countries, thereby destabilizing the holders and investors of the world.
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April 08, 2018, 10:34:14 PM
 #49

Its because it has grown huge in last 8 month from 700$ to 20k$ so I am sure this correction is happening because if something goes high it has to come down so after this correction I am sure it will start to grow again and it will do better then before.
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