Bitcoin Falls Down To $5400

[aditya6997]

It will crash to $1000 in 2021 after block reward halving! Enjoy your ride before that!

[sheenshane]

Instead of panicking it is the right time to buy bitcoin while the price in the marketcap was down, bad news and FUD news was always there they are trying to manipulate bitcoin as they can do. I think that issue in RBI country of India there are some big international politician whos behind on that and government feed those social media's bloggers and broadcasters to spread a FUD news.

For me whatever happen I still holding my bitcoin and other cryptocurrencies, this is not first time happen that banning bitcoin just like what happened last year banning in China but on December last year bitcoin will hit the highest price. So, keep holding the Idia's problem are still their problem, they are not the only bitcoin holders.

[Mercedes1107]

Their was never a time I saw bitcoin price get to 5400$. The news of India banning cryptocurrency was actually a FUD news and newbies sold off some of their holdings as well. This has been the routine in cryptocurrency as whenever a bad news is published, sell offs start happening. Am positioned to get more bitcoin if the price plummets.

[craZyLovE0916]

Posts like these are only aimed to do one thing which is spread FUD. there was't a ban and bitcoin never even crossed the 6500k line. News like these are what people who don't care to verify their news they hear and read will start spreading to others and thereby spreading panic across people and making them to panic sell their coins for no reason.

[Winnerschapel]

This is actually Fud that the poster wants to do. Weak hands now would rush and sell off their coins. Their was never a time bitcoin price went as low as 5400$.

[pimkobai]

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.

I guess, this will not happen and so far bitcoin's decline had never reached such level this year. Bitcoin is currently gaining and this perhaps will start recovering back to $7K USD plus in the coming weeks. Such negative news again could impact bitcoin and therefore we need not to believe such negativity and disregard such news since it has nothing good to serve with bitcoin.

[audaciousbeing]

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.

Thank you for this clarification when I saw the thread and the timing the thread was created, I was forced to go back and check what the current price is but was surprised its still above $6800 which makes me feel that I might have missed when the price fell to his imaginary $5400 only for me to read down to realise that both the market news and the price were false all together.

Sometimes I wonder what good to people derive is causing panic and trying to bring down the market by making themselves prophets of doom not spreading news that would boost fragile confidence but the other way round.

[Babylon]

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).

Its quite sad to be honest seeing bitcoin slowly going down , i think bitcoin will surprised us maybe a next month or next next month we cant conclude but instead of giving or stressing your self out , why not buy bitcoin and eth.

[Kokondao]

I assume it's not the same as the price, because I think it's the same, we can take all the price up or the price down, and the price drops when this is the opportunity to buy.

[Rajs64]

Well still with a price dip bitcoin is still costly for an average Joe in india to buy. RBI ban might induce further downward by next week. It's a loss even to me as well who has invested in bitcoin early at its peak and now seeing it gradually reaching its bottom.

[naufals4]

yeah i agree with you maybe bitcoin price will go down to $5k USD cause there's many bad news about it now and many people sell their cryptocurrency cause they don't want to keep lossing.

[RakknRoll]

It is sad to think that the market value of the bitcoins in cryptocurrency falls down in five thousand US dollars.
I think instead of taking this as a badluck we should take it as a challenge to pursue hard for a better earnings.

[batang_bitcoin]

It is sad to think that the market value of the bitcoins in cryptocurrency falls down in five thousand US dollars.

Aren't you checking the price of bitcoin now and on how good it is to see the greens for the past weeks? It was around $9,000 for today and you don't have to be sad if you are just checking the price all the time.

I think instead of taking this as a badluck we should take it as a challenge to pursue hard for a better earnings.

There's no such as bad luck in trade whether you bought at dip or not, it's about on how you manage your portfolio and on how emotional you are in terms of trading.

[WaffleMaster]

Wish I could have been on Indian exchanges to catch the Bitcoin leaving all those weak hands one country doing something doesn't really matter, and in crypto even if a government does ban it, it would be like trying to ban torrents. Peer to peer networks are essentially impossible to get rid of if people are using VPNs to hide their traffic from the ISP and gov.

[boyjack]

there is chance to go down bitcoin price bellow that level however it will be return back, market current situation is not stable, if the price go bellow $7500 may be it will reach $5000 bellow, if the bitcoin price go down then other cryptocurrency also will be same