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Author Topic: what's dragging the bitcoin price down?  (Read 332 times)
CryptoKing1992
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May 09, 2018, 01:19:23 PM
 #1

Warren Buffett and Bill Gates, both billionaires' view of cryptocurrencies has an impact on retail investors. This might be the main reason behind it.

However, some market analysts have noticed that bitcoin price is correlated to the stock market. Analysts are starting to use Dow Jones as a predictor of how bitcoin price will move.

What's dragging the bitcoin price down?

How do you think?
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May 09, 2018, 01:35:21 PM
 #2

Every negative news about Bitcoin influential people, after which there is a large sale and the price drops.
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May 09, 2018, 01:45:34 PM
 #3

Warren Buffett and Bill Gates, both billionaires' view of cryptocurrencies has an impact on retail investors. This might be the main reason behind it.

However, some market analysts have noticed that bitcoin price is correlated to the stock market. Analysts are starting to use Dow Jones as a predictor of how bitcoin price will move.

What's dragging the bitcoin price down?

How do you think?

There are many ideas and opinions as how the market is not breaking the wall or resistance and so we are not hitting the 10k$ mark. But even though what is the reason behind the story what is clear is that there is a weak support on bitcoin and the resistance is very strong and that is why it dropped from 9900$ back to 9200$. But again there is a possibility that we will be winning this tug of war and we are going to overtake 10k$ next week.
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May 09, 2018, 01:52:06 PM
 #4

Warren Buffett and Bill Gates, both billionaires' view of cryptocurrencies has an impact on retail investors. This might be the main reason behind it.

How do you think?
Yes, that negative perspective shared by the above mentioned financial giants contributed in the recent plunging of the bitcoin. Buy I can say that we are safe that such news is coming at this time when Bitcoin has gained a great ground of trust and followership. Otherwise it would have been a very big dive downward. Warren Buffet and Bill Gates aren't names to toy with even when their opinions don't align with the majority.
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May 09, 2018, 01:57:42 PM
 #5

I think that the people who have the larger share in btc are the one who are making the market move like this. This strategy in manipulating the price have a great impact on btc capability.
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May 09, 2018, 01:57:52 PM
 #6

Warren Buffett and Bill Gates, both billionaires' view of cryptocurrencies has an impact on retail investors. This might be the main reason behind it.

However, some market analysts have noticed that bitcoin price is correlated to the stock market. Analysts are starting to use Dow Jones as a predictor of how bitcoin price will move.

What's dragging the bitcoin price down?

How do you think?
I think there are some ideas and opinions as how the market is not breaking the wall or resistance that is why we are not hitting the 10k$ mark. But even with that reason behind, the more clear is that there is a weak support in the use of bitcoin while the resistance is very strong and that is why bitcoin has dropped from 9900$ back to 9200$. But again, I still believe that there is a possibility that we will be winning again.
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May 09, 2018, 02:07:41 PM
 #7

the world more dominates to reject bitcoin, so I think the negative factor that affects the bitcoin price decline is also very big.
if I compare, then the 70% negative factor makes the bitcoin price fall.

but, because bitcoin has very good credibility, so bitcoin can survive. and not dead.

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May 09, 2018, 02:09:09 PM
 #8

In my opinion the thing that keeps the bitcoin price down is the decline in demand and supply in the international trade market or perhaps the lack of bitcoin buyers.
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May 09, 2018, 02:14:21 PM
 #9

they are whales who dragging bitcoin price down, again and again, they buy in the bottom and when peoples money in bitcoin and when bitcoin will go up whale suck bitcoin from top and drag it down
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May 10, 2018, 12:59:20 PM
 #10

What drags down the price of bitcoin and other cryptocurrencies is actually the ratio of demand to supply. If there is too much supply and not enough demand then that means that money is leaving the market which leads to drop in prices and value but when demand starts to outweigh supply then that means that there is money going into the market and that helps to increase the price and the value.



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kashkarev55@mail.r
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May 10, 2018, 01:05:32 PM
 #11

The price of bitcoin is delayed by speculators, as the capitalization of the crypto market by economic standards is not yet large and the slightest fluctuations bring the price back here
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May 10, 2018, 01:34:32 PM
 #12

Bitcoin was in the verge of crossing the $10,000 mark but many bitcoin haters are doing everything to pull back the price. A lot of fud are coming out scaring away new investors and making weak hands let go of their investment to avoid from possible losses. So when the supply chain has a lot of bitcoin and noone is buying, the price will go down even more.

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May 10, 2018, 01:48:56 PM
 #13

To me it will only make sense that the stock market will influence the Bitcoin price, if some of these investors are dabbling with some Crypto currency trades on the side. There has been rumors that a lot of these guys are trading Crypto currencies, but they are not openly admitting to it.  They are mostly using their own private funds and not institutional capital at this moment, because it is not allowed yet. Well, apart from the traders that are trading Bitcoin futures, that is.  Grin

I am quite confident that Bitcoin trading on Wall Street will be in our near future.  Wink

 

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May 10, 2018, 02:00:58 PM
 #14

Every negative news about Bitcoin influential people, after which there is a large sale and the price drops.
Absolutely yes you'll right, both negative issue related to bitcoin, such scam, fraud ,and negative thoughts of some people( specially for the most popular investor) all about,  are really big impact to bitcoin price,aside from that they have also some negative aspect in the market regarding to those whale activity, and Supply and demand are also decreased
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May 10, 2018, 02:09:16 PM
 #15

Warren Buffett and Bill Gates, both billionaires' view of cryptocurrencies has an impact on retail investors. This might be the main reason behind it.

However, some market analysts have noticed that bitcoin price is correlated to the stock market. Analysts are starting to use Dow Jones as a predictor of how bitcoin price will move.

What's dragging the bitcoin price down?

How do you think?

Of course there is FUD from influential actors looking to preserve control of finance etc. but I wouldn't say we're currently in a bad position. Sure, a way off from the ATH, but IMO the growth is looking much more healthy recently!
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May 10, 2018, 02:17:51 PM
 #16

until now I do not quite understand what causes bitcoin to decline but my friend says the negative problem can also affect the reduction of bitcoin and neighboring lack of public confidence in bitcoin and also whale playing bubble

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May 10, 2018, 02:27:52 PM
 #17

no one knows why bitcoin prices can go down or up. my thinking is likely with there newcomers who want to invest in bitcoin and maybe a lot of bitcoin mining but this is just a thought I might be a senior can explain
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May 10, 2018, 03:52:00 PM
 #18

Warren Buffet, together with Jamie Dimon had already bombarded bitcoin with malicious words and deceiving statements way back in the past, but nothing serious had happened to bitcoin and it still managed to push for a new ATH despite the left and right black propaganda and the media shitting about bitcoin being a bubble. It's true that this causes some form of downwards pressure on bitcoin's price, but these statements alone isn't sufficient to keep the downwards pressure going for long since there are other factors that dictate the price. Next time these dudes talk trash about bitcoin, buy it during the dip and thank me later.

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May 10, 2018, 04:09:35 PM
 #19

Warren Buffet is at it again this month giving his unsolicited advise about Bitcoin. However there are speculators who thinks that Bitcoin or Cryptocurrency is not the cup of tea of Warren Buffet, meaning this is not his expertise, not within his range. In the real world he may have been successful but not in this one, he is not right every time he  gives advise. Notice there's not much effect on Bitcoins price after he made his pronouncement.

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May 10, 2018, 04:41:54 PM
 #20

That could be one thing that caused people to panic. For me its the traders aka whales they're the ones behind this price down. Maybe people started dumping some of their BTC to secure their profit when the price went $9800 or probably moved to a different altcoin they wanted to pump. This is just normal with Bitcoin we've seen worse price downs and at least it didn't went below $9,000.

no one knows why bitcoin prices can go down or up.
You need to read more



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