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Author Topic: Bitcoin Falls Down To $5400  (Read 139 times)
ICONIX360
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April 07, 2018, 05:52:05 AM
 #1

After RBI's Announcement to Ban Cryptocurrencies Bitcoin Falls Down To $5400

After this news breaking out, Bitcoin and Ethereum dropped down significantly in Indian exchanges like Unocoin and Zebpay. Bitcoin quickly began trading at Rs. 3,56,000 ($5,400) and Ethereum began exchanging at Rs. 19,500 ($298).
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April 07, 2018, 06:03:16 AM
 #2

News bad news like that greatly affects bitcoin prices and is very harmful, but this could be a good opportunity to start buying again.

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April 07, 2018, 06:10:31 AM
 #3

Actually, this is the price I wait for after the bitcoin price goes up, the very low price is very profitable for me to buy bitcoin, and take this opportunity.

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April 07, 2018, 06:10:42 AM
 #4

After RBI's Announcement to Ban Cryptocurrencies Bitcoin Falls Down To $5400

two FUDs are in this single sentence.
1. they never banned cryptocurrencies: https://www.newsbtc.com/2018/04/06/dont-believe-the-fud-india-has-not-banned-cryptocurrency/
2. bitcoin never fell to $5400. it still is between $6500-$6900

what really happened was that a panic was spread and some disruption in the Indian banking system regarding Zebpay exchange which meant people withdrew their bitcoins from there and closed all their orders because they didn't want their money to be caught there. this sudden emptying of orderbooks led to a thin one which was easily dumped into and price on that exchange fell against INR.

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April 07, 2018, 06:11:37 AM
 #5

Why bitcoin day by day go down
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April 07, 2018, 06:14:17 AM
 #6

a lot of bad news that happened recently that makes bitcoin prices are declining, what needs to do now is. sell but we lose or hold back until the price stabilizes even though it may be long.
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April 07, 2018, 06:16:32 AM
 #7

Now everyone will believe in the fall and bitcoin will start to grow
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April 07, 2018, 06:20:20 AM
 #8

Even though the bitcoin price has decreased I will keep my bitcoin and will add more bitcoin to get a low price, and that's my chance to get more results.

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April 07, 2018, 06:21:18 AM
 #9

News bad news like that greatly affects bitcoin prices and is very harmful, but this could be a good opportunity to start buying again.

The best time to buy again is when this chain of bad news ends. The only way is by finally having govts agree on regulations.
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April 07, 2018, 06:27:26 AM
 #10

After RBI's Announcement to Ban Cryptocurrencies Bitcoin Falls Down To $5400

After this news breaking out, Bitcoin and Ethereum dropped down significantly in Indian exchanges like Unocoin and Zebpay. Bitcoin quickly began trading at Rs. 3,56,000 ($5,400) and Ethereum began exchanging at Rs. 19,500 ($298).


If there is such a big difference, arbitrageurs are bound to move in. They will pick up these bitcoins at dirt cheap rates, send it to their friends abroad or even sell them directly at international exchanges. Very soon, this price differential will disappear.
Exchanges are right now operating as usual, as banks have been given 3 months time to exit relationships.


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April 07, 2018, 06:30:37 AM
 #11

After RBI's Announcement to Ban Cryptocurrencies Bitcoin Falls Down To $5400

two FUDs are in this single sentence.
1. they never banned cryptocurrencies: https://www.newsbtc.com/2018/04/06/dont-believe-the-fud-india-has-not-banned-cryptocurrency/
2. bitcoin never fell to $5400. it still is between $6500-$6900

what really happened was that a panic was spread and some disruption in the Indian banking system regarding Zebpay exchange which meant people withdrew their bitcoins from there and closed all their orders because they didn't want their money to be caught there. this sudden emptying of orderbooks led to a thin one which was easily dumped into and price on that exchange fell against INR.
Exactly, it's another fud without any basis, I still seen bitcoin ranging $6500-$6900, basing with coinmarket, I think we should continue thinking
positively instead of creating some wrong interpretations of certain events, like others who believes from this investment currency, just in case
that the value fell to that level, better to buy more and wait till the rise show up again.

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April 07, 2018, 06:31:36 AM
 #12

News bad news like that greatly affects bitcoin prices and is very harmful, but this could be a good opportunity to start buying again.

The best time to buy again is when this chain of bad news ends. The only way is by finally having govts agree on regulations.

bad news never ends. there is always some bad news coming out and some idiots trying so hard to make it into FUD but the market trend is important. for example last year we have had lots and lots of bad news like these days but the trend was up so nobody paid them any attention!
now the trend is down and people are so interested in the negativity while there are lots of positive news about bitcoin!

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April 07, 2018, 06:34:38 AM
 #13

yesterday actually there are signs of rising, but now down again. and even worse, etherum also come down. it seems like this will be a holding for a long time.

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April 07, 2018, 06:36:26 AM
 #14

it seems that it will not happen if viewed from the market today bitcoin prices around $ 6800 and the market is green
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April 07, 2018, 06:38:38 AM
 #15

This is the right time for all investors to buy more bitcoin because the price dump so low,there are some so many speculations that bitcoin will go down below $5k but for those who bought at high price don't worry because I believed bitcoin will highly increase until the end of this year.

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April 07, 2018, 06:42:38 AM
 #16

It is not a matter that bitcoin price is falling and if we are a thinking about bitcoin then the bitcoin will show a steady growth in the future soon and for us bitcoin is improving the countries economies and over all bitcoin is good to hold for the future and bitcoin will not fall below than $6000 now but it will go up.

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April 07, 2018, 06:47:25 AM
 #17

Negative news affects bitcoin price per that moment and after that it starts increasing again, so when the price drops one can take advantage of it.


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April 07, 2018, 06:51:24 AM
 #18

The price is more than that now, both for Bitcoins and Ethereum. I guess the time is probably near where the price or value of the bitcoin become more stable. It's been quite a few weeks since the price had reached $10000 mark. It's just swimming between $6000-$8500. A stable currency implies the strength of it, don't you think?
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April 07, 2018, 06:52:20 AM
 #19

After RBI's Announcement to Ban Cryptocurrencies Bitcoin Falls Down To $5400

two FUDs are in this single sentence.
1. they never banned cryptocurrencies: https://www.newsbtc.com/2018/04/06/dont-believe-the-fud-india-has-not-banned-cryptocurrency/
2. bitcoin never fell to $5400. it still is between $6500-$6900

what really happened was that a panic was spread and some disruption in the Indian banking system regarding Zebpay exchange which meant people withdrew their bitcoins from there and closed all their orders because they didn't want their money to be caught there. this sudden emptying of orderbooks led to a thin one which was easily dumped into and price on that exchange fell against INR.

wew, I'm glad that they not banned cryptocurrency in India, I'm looking the bitcoin chart right now still around $6800, it's not down at $5,400 that OP just spreading FUD.

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April 07, 2018, 06:54:22 AM
 #20

News bad news like that greatly affects bitcoin prices and is very harmful, but this could be a good opportunity to start buying again.

Yes, now you can buy a bitcoin at low price.
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