what's dragging the bitcoin price down?

[Kemarit]

Again, those attacks coming from Warren and Bill does have effect, however I believed that its gonna be short live just like what we have seen in the past. The only thing that really saddens me is that the timing though. When we making a good progress and a significant growth in the last month of so, and even making a break out run to $10,000 this 2 billionaires suddenly charging in, changing the complexion and the sentiments of casual investors resulting in the price going to $9000. However, I haven't seen any FUD that has long and lasting effect on that market. Even Jamie Dimon's attacks didn't pull the price that much in his ensuing FUD, but instead the market quickly rebounded and we all know what that we hit all-time-high after his aggressive actions toward bitcoin.

[btcrising]

 Bulls are controlling the market. Too many people now are interested in rate around $10k. Bad for traders, but good thing in general. It brings trust back and so the investors. Warren and Bill are just old haters, don't think they can affect the rate significantly

[krampus854]

Buffet and gates are the reason why bitcoin decreases it's value in the last year right and today the reason behind that decreasing value is those people who are spreading some FUD about bitcoin after that people that heard that FUD will going to panic selling that's why it decreases.

[farhiamunni]

From my perspective i think if bitcoins buyer are not interested to buying bitcoin then automatically bitcoins price will fall down and if someone manipulates the market then also price will be fall down.

[zinson01]

The thighs that affect the price of anything, I think, demand and supply. Last few months btc price was falling. I think due to taxation rules it was happening. And Yes, Warren Buffett's statement s have an effect on demand of bitcoin.

[Bagaji]

I believe you have a point there in your submission but in addition to that i will say, Whale has a significant influence over the market value of bitcoin. Negative news is another factor that usually contribute to the downward movement of bitcoin

[Yamifoud]

I believe you have a point there in your submission but in addition to that i will say, Whale has a significant influence over the market value of bitcoin. Negative news is another factor that usually contribute to the downward movement of bitcoin

I've never heard any negative news against bitcoin which could influence it's uptrend motion in the past days. Yes, whales could really change it's market trend and looks like they have taking control and could play the entire crypto market. And we also realize that, fluctuation of prices are very often and we should never think that it won't happen cause it's already a part in crypto.

[tony kurniawan]

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 may be many people who have little knowledge of cryptocurrency, they are too worried about the crypto value that goes down and they become panic penjaual. I think panicked sellers strongly contribute to the decline in bitcoin prices.

[Dancobit]

News of the Securities and Exchange Commission, the United States investigating Bitcoin and other cryptocurrency currencies, led to a drop in Bitcoin prices on Feb. 28 yesterday.
In addition to Bitcoin, price declines also occur in Ethereum, the second-largest digital currency by market capitalization. Virtual currency fell by less than 2%

[Altas]

A drastic fall in the market capital has taken place with the price drop which is due to the negative news that's happening around the world with cryptocurrency. The negative news is the Mtgox issue, inspection on exchanges, debate on ethereum, Indian governments regulatory compliance with bitcoin.

[BaraxLo]

The market can not be predicted, it goes up and down. But how ever I think the introduction of too many coins is decentralizing the value of the main coins.

I also wanted to talk about this thing. It is becoming an issue now that every other person is launching his currency which is making competition tougher. The main coins are somehow suffering because people have now more options to invest into. But at the same time, these newbie coins in the market are unable to get popularity in short time because of big coins.

[balamuda]

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?

The negative news in circulation can make the bitcoin price low, because people will panic and they are afraid of losing their money and decide to sell the bitcoin they have, so many are panicked sellers, the bitcoin price may fall.

[Vinalians]

WARREN BUFFET and BILL GATES are just the people who taught us that do not trust anyone and anything in this world because they themselves they do it in the way of success. It is the people who are dragging the price down not only the influencers.

[trako]

negative news. making the most negative negative news. which in turn disturbs the supply-demand balance.
The embargoes that governments are applying are also important.
this and other negative changes are reducing the price of bitcoin.

[cellard]

I already made a thread about this which links to the infamous video:

https://bitcointalk.org/index.php?topic=3740608.msg36984570#msg36984570

https://www.youtube.com/watch?v=NBVDqAHQ4-M

Video there. This will be historic footage which we can revisit in 10 years and have a laugh at these losers. There's always a generational gap in which former kings of empires simply miss the boat badly, and Bitcoin is it this time. Buffet already missed several tech boats, but Bitcoin is going to be missing the boat on steroids for them.

[BlackPanda]

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?

Many factors affect the price of cryptocurrency, I think that it is very difficult to predict because even small news alone can make a very drastic change. The biggest problem is usually trust, when trust disappears there will be a group of people who experience panic and it is fatal to the price of Bitcoin. With panic, the price of Bitcoin can go down drastically, this can actually be avoided by continuing to give trust to bitcoin and one way is to use Bitcoin in doing various financial transactions every day.

[redsun114]

From my perspective i think if bitcoins buyer are not interested to buying bitcoin then automatically bitcoins price will fall down and if someone manipulates the market then also price will be fall down.

The market success and movements of prices are totally and directly related to the investors of the coins. If the demand of a particular coin is high in the market, it could be judged by the rate at which people are grabbing it and at which frequency. Certainly more people buying same commodity means the competition among people is increasing for attaining the coin and in this way, prices increase.

[HaroldFinch]

Loss of hype and interest and bulls l, I suppose. Can't see any other real reasons for the price to be that low now. Bulls try to get as much as they can for the low and I hope they want to get profits ASAP

[Harley29]

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

Well it is quite natural as bitcoin has fluctuating nature and price sometime gets very high and then again it use to increase, again, as you said there are a lot of people are now speculations and buying bitcoin but even then it is not enough to, make price very high, most of time panic selling contribute to drag price of bitcoin down so I think it’s better not to sell it at panic and wait for price to pump up high with holding for long time fearlessly.

[Clement Kaliyar]

Buffet and gates are the reason why bitcoin decreases it's value in the last year right and today the reason behind that decreasing value is those people who are spreading some FUD about bitcoin after that people that heard that FUD will going to panic selling that's why it decreases.

There were times when some of the opinions have impacted the market but the recent thing is entirely different, Buffet and Gates are good at what they do and that does not mean that they have an idea about the bitcoin market and it wont influence anyone in the long run, they can have a negative view about it, it does not matter in the long run and the reason for the correction i think is the movement of coins from the Mt Gox cold wallet and the raid in Korean exchanges.