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Author Topic: why the price of the bit coin is going down?  (Read 180 times)
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April 06, 2018, 02:17:52 AM
 #21

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 ?
I think thats the part of circulation of bitcoin thats why the price is still down. But their are a lot of people still using bitcoin, so for me its no reason to bother if the bitcoin is still down because in near future it will recover and back to normal.

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April 06, 2018, 02:45:03 AM
 #22

In my opinion, the factors triggering off the price of bitcoin to decline could be FUD, whale manipulators and the people involved in panic selling on their btc instead of buying. These contributing factors should be atleast be minimize in such a way that bitcoin may able to continuously improve thus increasing the price gradually in the coming weeks to come.

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April 06, 2018, 02:48:54 AM
 #23

Don't worry too much, try to relax.
In a bear market, any decline is normal, but it won't last long.

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April 06, 2018, 02:54:18 AM
 #24

any one know why the price of bitcoin coin is going down day by day
You should bear in your mind that when the price of bitcoin goes down there are many volumes of sell instead of buy. And when the price goes up then there are many people who are buying and it's dominating the market trade.



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April 06, 2018, 03:00:10 AM
 #25

You know, why bitcoin's price is going down, it is because of the bad news they published in newspapers and tv stations in the past month s/days,   thats the big impact why bitcoin's price is continuosly going down. But if the news about bitcoin is good, you'll notice, the price is pumping rapidly.

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April 06, 2018, 03:02:44 AM
 #26

Maybe their is an exact reason why the price of bitcoin is going down. As of today we are going to help and do our best that bitcoin will still remain and the price will high not to lead from any distractions. Bitcoin is very useful as of today because many people doesn't have regular job and bitcoin lead them to have an income. That is for individuals future and in our community too.
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April 06, 2018, 03:57:27 AM
 #27

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 ?

I suggest that you hold your bitcoin and don't sell it if you can't afford to recover it in short term.
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April 06, 2018, 04:07:50 AM
 #28

In my opinion there are a few reasons for that.
1. Mt. Gox trustee selling its Bitcoins rapidly, and market's liquidity and RSI are getting higher.
2. IRS issued Bitcoin taxation and the annual reports for individuals to submit their past 12 months income via Bitcoin trading for giving the USA governments tax on Bitcoin. People from USA are selling their BTC to pay tax.
3. Weak hands panicking over google, linkedin, Medium and other social outlets banning ICO advertise.
4. Cryptocurrency market is just like Wall Street, you can always expect these to happen. So hold on tight. The market will eventually come back to normal in a month or so.
Yeah, that's all right.  These are the reasons why the price of bitcoin is going down as of now.  These are the factors of the bitcoin prices. You cannot expect what the price and when it goes up because it affects the many people to panic buying and selling.

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April 06, 2018, 05:45:13 AM
 #29

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 ?

welcome to the cryptocurrency world sir and this is what happens in this world. every price in crypto worlds is always changing in every second and like the stock exchange, in cryptocurrency, no one will know what will happen in the next second. so you only have two option right now which is you can still hold your coins for an unknown time and the second is you can cut loss which you will get lose your money. my suggestion is still held because the price could increase in anytime and you can regret if you sell your coin too early but it depends on you.

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April 06, 2018, 06:11:28 AM
 #30

Nobody doesn't know what happened bitcoin some bad news and some country called illegal Bitcoin crypto currency
I think for this reason Bitcoin price is down
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April 06, 2018, 06:19:30 AM
 #31

The price fall is completely upon the hard regulations taking place around the world. Yesterday some news describing ban about bitcoin has come from the government of India and this seems to be the reason for the fall in price lower than that of the market price in other countries. The only thing that can be done is to hold expecting good to happen.

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April 06, 2018, 06:23:41 AM
 #32

The bitcoin price has dropped as investors nowadays are not the same as in 2017, which was a lot of investors so the bitcoin price was high.

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April 06, 2018, 06:25:07 AM
 #33

I do not think that the futures contracts that were introduced for Bitcoin have done the currency any favours at all. They have basically ruined every market they have touched and this type of derivative instrument only encourages manipulation. Bitcoin has always risen and then corrected just that this time the correction is lasting for some time.

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April 06, 2018, 07:51:23 AM
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There is way too much supply, after the Mt Gox dumping so much coins in the market, the market took a hit, then people started panic selling and dumping even more coins into the market which just made it worse.
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April 06, 2018, 12:44:42 PM
 #35

If you do not need that money in this year, wait for the 2019. The prices expected to get 20000 dollars again.
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April 06, 2018, 04:46:13 PM
 #36

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 ?

you can only wait, it's a common thing every year. Because many factors affect bitcoin prices like the negative issues that are now circulating ... so you have to be patient and be patient

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April 07, 2018, 10:24:20 AM
 #37

Well, there were several factors that affected the price and biggest one was the decision of institutional investors a.k.a big whales. The price was so high without any support of the enough user base, it was expected to fall down and we have experienced the correction after that price rise. However, I am expecting price to recover from this month and we will see the all time high level in this year itself. Still, do your own research before taking any investment decision.

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April 07, 2018, 10:34:56 AM
 #38

If you do not need that money in this year, wait for the 2019. The prices expected to get 20000 dollars again.

Its because in the last month of 2017 bitcoins price reach to $19000, the normal movement is if that month will rise then expect in the next month that it will fall, because the price of the bitcoin is not stable and it is unpredictable. So dont be surprise if it will goes down, it will rise again.
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April 07, 2018, 10:37:28 AM
 #39

The price of bitcoin going down because of the bad and negative news of d media.
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April 07, 2018, 10:43:33 AM
 #40

As you known and you heard, especially since some social media banned cryptocurrencies ads and many other reasons whose core is Fud. so people are increasingly afraid to enter the world crypto see bitcoin prices are still at risk down. And for those who have bitcoin stocks,  they have chosen to sell it maybe, and there was panic everywhere.


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