Vjatri (OP)
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May 28, 2018, 05:41:30 PM |
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What are the reason behind falling Bitcoin and do you think it will be down more!
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seo-maestro
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May 28, 2018, 06:23:52 PM |
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Rich guys sell it in large quantities so all the cryptomarket falls. We need more buyers but down trend does not attract new investors  |
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Piskeante
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May 28, 2018, 06:26:58 PM |
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reasons?=?
Regulations, taxes, end of anonymity, investigations, fraud and scams and legislations. Want more???
Also that USA (SEC) is looking for market manipulations of crypto. Simple as this: you order a lot of buy options but you don't make them in fact, so it APPEARS there is demand on a coin when there is NO DEMAND.
IF USA considers this practices are being done, crypto will fall down to hell as it is falling right now.
Holders are going to get REKT this week, and cryptomarket will not recover from this hit.
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BTC no more than 6k by end of 2019. ETH no more than 300$ by end 2019. Huge market manipulation, huge amount of scammers and hypers.
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btc_angela
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May 28, 2018, 06:30:58 PM |
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What are the reason behind falling Bitcoin and do you think it will be down more!
Its the US Department of justice doing investigations on the supposed price manipulation like fake volumes and spoofing and wash trading. You can read about it here: https://news.bitcoin.com/us-justice-department-investigates-price-manipulation-in-bitcoin-market/. That's why all of a sudden the price just plummeted again after almost touching $10K. But I don't think it will go down even further at $7K because there are a lot of buy support. |
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ronni01
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May 28, 2018, 06:37:32 PM |
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The reason is simple, people bought bitcoin at a price of 6,000 thousand, it cost $ 9,000 - $ 10,000 thousand, and they immediately began to sell it and softened its price!
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Readone419
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May 28, 2018, 06:42:42 PM |
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The whale are waiting BTC to reach a peak bearish before they enter the market perhaps after the market the BTC will sky rocket
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Muslimin mj
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May 29, 2018, 09:03:07 PM |
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in my opinion, this is due to high supply compared to demand, therefore price will fall, and this could be the reason for falling btc price in the market.
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stealth.money
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Going stealthy
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May 29, 2018, 09:04:15 PM |
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What are the reason behind falling Bitcoin and do you think it will be down more!
All about game with the whales |
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tycsols
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BountyMarketCap
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May 29, 2018, 09:06:16 PM |
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Well personally i think that bitcoin and the market is being manipulated and at the same time i think that we are sitting at bottom already and hopefully the market will take a reversal sooner or later from these levels. i think the usual summer slowness in the market will fade away as soon as we cross 500 b market cap.
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valnd
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Until the end of time
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May 29, 2018, 09:53:18 PM |
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In my own opinion I believe many people invested in bitcoin because of the just concluded consensus, they thought the consensus will create a major FOMO that will make many people to jump into cryptos and start investing which will make the price to jump high. But consensus ended without much impart on the crypto market and a lot of people started selling off to take little profit they have gain. I think maybe that's the reason bitcoin price is going down.
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aquantivis86
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May 29, 2018, 09:55:11 PM |
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It is somewhat akin to the flocking mechanisms of bird flocks (or crab swarms, whatever). There might be some trigger, in terms of news or rumor, and then a collective movement in one way or another based on the collective emotions and rationality of traders. A good strategy might even be to follow the swarm in terms of coming predictions.
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nhojz_29
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May 29, 2018, 10:07:09 PM |
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On previous reports, CCN emphasized that the price of bitcoin will likely fall to the higher end of the $6,000 region in the short-term. Over the past 24 hours, the bitcoin price has dropped by 2.5 percent, from $7,580 to $7,350, dipping below the $7,300 mark at one point.
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CrimsonGT
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May 29, 2018, 10:09:11 PM |
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To my mind there are two main reasons - some insider's manipulation which reasons we can never know and the global markets recession which makes people to cash out and wait for some better times in the economy.
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ukloon
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May 29, 2018, 10:11:20 PM |
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It's all about market sentiment, there is no FOMO at the moment and traders are still hesitant on which way the market is moving. Long term trend could be upwards but there is a lot of swings before we get there. When some bullish news comes in the big investors will start to join in, we just have to wait for it
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wvizmanos
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May 29, 2018, 10:13:29 PM |
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Aside from crackdowns, manipulation, SEC, the few and mighty whales must have also played their part in this new series of downtrend.
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poodle63
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May 29, 2018, 10:14:54 PM |
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To my mind there are two main reasons - some insider's manipulation which reasons we can never know and the global markets recession which makes people to cash out and wait for some better times in the economy.
The manipulators are not coming from the insiders but in fact it has been coming from the mtgox itself. mtgox trustee becomes the real reaons who is manipulating the bitcoin market at this time. You can see that in so many news or article. |
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CrimsonGT
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May 29, 2018, 10:15:34 PM |
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There are many top institutional investors and family funds who decided to cash out from the market to get the profits after the growth to the moon after the last year. I believe this trend will not last for a long time.
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Javi_Anibarro
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May 29, 2018, 10:20:49 PM |
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it is very obvious the real reason why Bitcoin went down this much due to euphoria.
did you guys remember when CME announced their listing ? everybody went nuts.
also because of that many people who know nothing about Bitcoin felt intrested with it and invested some of their money into it.
and when the price started to create its ATH again,people who joined this after heard CME listing took their profit from it and take their leave.
so it's reasonable for it to make this move,because we need to stabilize our position and emotion.
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Crypto Chips
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May 29, 2018, 10:24:36 PM |
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its good entry point now because as far as i know that MTGOX still have so much btc for they sell, and that causing the market falling so deep.
i get that information from bitcoin news sites
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bitvalak
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May 29, 2018, 10:25:08 PM |
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What are the reason behind falling Bitcoin and do you think it will be down more!
I do not know how many times such questions have arisen. But I will answer it as I know bro. The price of bitcoin down is influenced by many things, such as bad news, then large-scale dummies made by big players. Will it continue to fall? not necessarily, because there is a purpose behind the falling bitcoin price. Technically, bitcoin is looking for the lowest price for this year, then it will go up looking for the highest price that could be higher than the price at the beginning of this year which we know to reach $ 10,000 more |
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