Mind Control
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July 08, 2018, 03:40:38 PM |
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Someone keeps saying that bitcoin was hacked, that someone is responsible about the tradings happening and the amount of volume of bitcoin. But might the main reason is the government releasing bad news abiut bitcoin.
Bitcoin was hacked? I hope you doe not believe whoever said that. But the fact that you stated it here without contradicting the claim would indicate that you somehow believed that claim. Bitcoin is not vulnerable to hacks. Bitcoin is decentralized and that protects it from hackers. The concept of hacking is targeting a single point in a network in order to access the main server. But since Bitcoin does not have such, then hacks are off the table. |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Marveill
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July 12, 2018, 11:58:42 AM |
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Someone keeps saying that bitcoin was hacked, that someone is responsible about the tradings happening and the amount of volume of bitcoin. But might the main reason is the government releasing bad news abiut bitcoin.
Bitcoin was hacked? I hope you doe not believe whoever said that. But the fact that you stated it here without contradicting the claim would indicate that you somehow believed that claim. Bitcoin is not vulnerable to hacks. Bitcoin is decentralized and that protects it from hackers. The concept of hacking is targeting a single point in a network in order to access the main server. But since Bitcoin does not have such, then hacks are off the table. Hacking is also a big problem for bitcoin investors and this problem may not be solved till end. New investors scare to put their money in bitcoin because there is no place where they can claim their money. To avoid this thing many people do not invest in bitcoin and thus the demand for bitcoin becomes low which is one of the reasons of decreasing price. |
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Fideend
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July 14, 2018, 08:04:34 AM |
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I think the reasons are that, bitcoin is volatile and that the number of investors affect the price of bitcoin. What I am suspecting is that there is a big whale that manipulates the price of bitcoin. It is holding majority of coins so that when they get more coins because of low price they made, they get to earn more and more. Another point i am thinking is that, maybe the price is affected by the decreasing number of traders and investors.
There are many reasons for bitcoin downing price, for instance low demand and high supply, irrelevant news and statements, whales manipulation and current situation of the crypto market. When a new investor see these things he will never invest in bitcoin because everyone wants security against his investment and the future I unseen. |
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walemil
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September 12, 2018, 09:56:19 AM |
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One can easily think that the current price of bitcoin and other cryptocurrencies is connected with the fear, uncertainty and doubt spread by people all over the Internet which usually scares newbies away. One the other hand, I am beginning to feel that there is a manipulation.
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airdrophunter
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The Exchange for EOS Community
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September 13, 2018, 04:42:11 AM |
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There are so many reasons why bitcoin's price is down and this year, i think it's one of the longest crisis it has ever been. Nothing is to be blame about its price fluctuation which is only caused by humans. The investors who panic during a sudden fall. If you have invested and chose long term plan, then you will just probably ignore bitcoin's market price fluctuation.
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basyang
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September 13, 2018, 01:09:49 PM |
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The Reserve Bank of India has restricted controlled monetary establishments from managing in cryptocurrencies, refering to the dangers included. American very rich person Tim Draper trusts that India is committing a major error by closing its ways to cryptocurrencies. As tim Draper, this will just prompt cerebrum deplete the same number of will be compelled to move to different spots, which are more crypto-accommodating.
Japan, which is a noteworthy center point for crypto and Blockchain action is confronting deficiency of programming engineers. There are comparable necessities at different spots, where Blockchain experts are sought after. This has constrained the best MBA universities on the planet to build the nearness of virtual cash and Blockchain classes in their projects.
For me, we can not say what is the exact reasons why bitcoin price down, but I know there are lots of speculations out there that bitcoiners has series of ideas why bitcoin's price down. Even if there are many reasons we shared still we can not confirm if its all of true or not, whatever we thought its all fine. |
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giarised
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September 17, 2018, 06:37:16 AM |
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One can easily think that the current price of bitcoin and other cryptocurrencies is connected with the fear, uncertainty and doubt spread by people all over the Internet which usually scares newbies away. One the other hand, I am beginning to feel that there is a manipulation.
Negative news about the Bitcoin is also contributing to decrease the demand of Bitcoin and making panic situations as well. On the internet we have plenty of negative materials about the Bitcoin but the real face of Bitcoin is known to only those who are rolling in it. We should ignore the negativity and should proceed further in our investment to make relevant decisions so that we may be able to get success here. |
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Idrisu
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September 17, 2018, 07:11:14 AM |
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One of the reasons I think bitcoin price is going down is because of the long term investors taking profits because of the uncertainty in the market. Many FUD are been spreading on social media concerning cryptocurrencies and we are to see the impact of this fake news on the market.
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sirohige
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September 17, 2018, 09:41:17 AM |
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yes you are right some reasons indeed make the price of bitcoin prices fall down and make traders panic so that eventually makes them sell their assets and worsen the situation so that the price of bitcoin falls very deep.
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ShineftChaos
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I LOVE ADABS
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September 18, 2018, 07:18:59 AM |
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The Reserve Bank of India has restricted controlled monetary establishments from managing in cryptocurrencies, refering to the dangers included. American very rich person Tim Draper trusts that India is committing a major error by closing its ways to cryptocurrencies. As tim Draper, this will just prompt cerebrum deplete the same number of will be compelled to move to different spots, which are more crypto-accommodating.
Japan, which is a noteworthy center point for crypto and Blockchain action is confronting deficiency of programming engineers. There are comparable necessities at different spots, where Blockchain experts are sought after. This has constrained the best MBA universities on the planet to build the nearness of virtual cash and Blockchain classes in their projects.
In my own opinion, the biggest reason why bitcoins is dropping so hard is because of different price manipulators and people who are selling their coins at its lowest price due to fud. |
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mia khalifa
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September 18, 2018, 07:37:37 AM |
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maybe some of the reasons that make bitcoin prices fall right now are bad news that makes a lot of traders experience panic and make prices in the market collapse because there are so many people who sell their assets at very cheap prices.
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BlackSociety
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September 18, 2018, 09:04:55 AM |
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I think the main reason comes from the inside of the market. When more and more new altcoins become "pumps", Bitcoin will be more difficult to grow!
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▐▃ CRYPTOECONOMIC ECOSYSTEM ON A CLOUD STORAGE NETWORK ▃▌
https://modltoken.io/ |
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ngesotcoy
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September 18, 2018, 09:27:38 AM |
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I think the main reason comes from the inside of the market. When more and more new altcoins become "pumps", Bitcoin will be more difficult to grow!
I think the influence of the new altcoin is weakening, you can see the investors no longer care about them. The immediate concern is the US-China trade war, hoping it will affect the market not so much. |
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richkellj
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September 18, 2018, 01:18:59 PM |
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Biggest reason was greed among people. We wanted to make money, everyone wanted to get rich, we all purchased or earned bitcoin back when it was $3k or $4k and when it reached $20k we got greedy and sold all of our bitcoins, everyone did. So when the new people heard that bitcoin was going to $20k from $4k they started to invest into it however they purchased the bitcoins we sold as the old timers, which meant they needed to find newer and fresher meat to sell to. When the new coming count stopped, the price of bitcoin started to drop as expected because no one found people to sell to at that price.
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justspare
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September 19, 2018, 01:57:00 PM |
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In my own opinion, the biggest reason why bitcoins is dropping so hard is because of different price manipulators and people who are selling their coins at its lowest price due to fud.
There would not be so much manipulator in the market, if the market is not highly speculative, but I guess people will always want to have some to push the blame on. As long as people keep making decisions ignorantly and with their emotions, they will always fall a victim to those manipulations, and the idea is to drain them out and that is why a lot of people tag them as weak hands. The market skyrocketed last year, with fake demand, so I usually call it, so in that case, what else should anyone who is smart have expected from such movement? maybe some of the reasons that make bitcoin prices fall right now are bad news that makes a lot of traders experience panic and make prices in the market collapse because there are so many people who sell their assets at very cheap prices.
Bad news are just part of every market and sure, they can have an impact, but the market is in a bear trend on its own, and the cause of the bear trend is something no one can pinpoint even though we try to push the whole blame on the manipulators, but one thing we do not understand is that if there is real life usage and some good level of mainstream adoption, then all these manipulations will subdue, but we just have to live with it as it is. |
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