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myxamop
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June 15, 2018, 11:29:40 AM |
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A lot of people will say its because of this news or that news, but the way I see it is Bitcoin was in a bubble (obviously), and now that bubble market cycle needs to fully complete, which unfortunately includes a 70-80% correction or more from the top over a period of time. Once this thing blows off all its steam and the masses start to capitulate and panic sell (even some of the vets might contemplate panic selling) is when the bottom will be found and the bubble cycle will complete, and then Bitcoin can finally catch its stride again from there to eventually find new highs.
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No Gods or Kings. Only Bitcoin
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Tiklohor
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Activity: 266
Merit: 10
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June 15, 2018, 11:33:41 AM |
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I believe that the price of bitcoin has been overstated and now it is falling until there is a demand again.
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aamy90925
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June 16, 2018, 01:36:57 AM |
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I think it was also the part that the coinrail exchange has been hacked and stolen lot of bitcoins and other coins and altcoins. I think it is also the reason for this bearish market as of now. The hackers I think is selling all the bitcoins that cause bitcoin price to fall down hard. When the bitcoin price falls then so also as the other coins and altcoins.
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maitexisi
Jr. Member
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Activity: 146
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June 16, 2018, 02:28:10 AM |
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There are many reasons why the price of bitcoin has fallen, most likely by the people who control the market.
The main reason is supply and demand. If people want to sell a lot of bitcoin, the price will go down.
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Lorence.xD
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Leading Crypto Sports Betting & Casino Platform
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June 16, 2018, 02:58:21 AM |
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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 Yes, a lot of things influence the price value of Bitcoin to go down, but this is a reaction, Market is Volatile, anything can happened at any given time, Bitcoin price can go up and goes down dependent on the Volume of investment posted on the market for Bitcoin, and, also influence by Investors Behavior on the market, the fundamentals, the FUD, HODL traders, and a lot more like fake news posted and adopted by Media who is resisting the entry of Bitcoin into the crypto trading market. |
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sharkpc2000
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June 16, 2018, 03:56:24 PM |
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The giant are inactivity BTC to distance, bearish early they limiting into the bazaar perchance abaft the bazaar the BTC will sky rocket
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popotao93
Newbie
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Activity: 31
Merit: 0
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June 17, 2018, 03:46:47 AM |
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The first is the news that the exchanges have been attacked. I think this has a great impact on the market decline. Many people are worried about their own asset safety. They start to sell a lot of coins! Caused a sharp drop in market prices
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Joriecoinbit
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June 17, 2018, 03:59:34 AM |
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The first is the news that the exchanges have been attacked. I think this has a great impact on the market decline. Many people are worried about their own asset safety. They start to sell a lot of coins! Caused a sharp drop in market prices
The reason why bitcoin is falling right now due to the volatility in market because this is a unstable investment and also it cause by negative feedback by individuals.But in this matter still bitcoin opportunities has a big impact for us so we don't need to worry, I believe it has a good comeback at the right time. |
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Meraki
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June 17, 2018, 04:07:49 AM |
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What are the reason behind falling Bitcoin and do you think it will be down more!
The reason is because many people are dumping btc hence it lowers btc dominance across the cryptocurrency. Anyway just wait for november or december i think thats when the whales buys alot of btc and we will see a huge pump. So just be patient and wait for it. |
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arvind82
Newbie
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Activity: 121
Merit: 0
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June 17, 2018, 08:18:50 AM |
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There are many reason behind falling bitcoin like people should invest in long term....but in long term their are many problems and swings to get achieve goal..bitcoin is a best coin in crypto world..so there are accure many problems in the market.
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yxo493
Member
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Activity: 112
Merit: 10
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June 17, 2018, 08:26:39 AM |
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I think there are many factors. It should be a stronger dollar. There is the World Cup. These can all have an impact. Especially the World Cup. Many whales are in the World Cup.
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Gimblaz
Newbie
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Activity: 115
Merit: 0
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June 20, 2018, 05:03:28 AM |
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Maybe so much that liquefy their coins or the manipulation of investors i do not know for sure in this situation we must be patient Will likely experience a sudden increase
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herurist
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June 20, 2018, 05:24:34 AM |
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What are the reason behind falling Bitcoin and do you think it will be down more!
No one can give you the true answer but for me it's just because people already replace their money/ asset into another coins or financial instrument. Maybe they put their money into currency, stock and second level coin like ethereum. Since bitcoin have delay transactions and high price, people try to find another way to make income that fit with their money. This is reality but I hope October bitcoin will rise again. |
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PeterCarlos
Newbie
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Activity: 140
Merit: 0
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June 20, 2018, 05:28:36 AM |
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What are the reason behind falling Bitcoin and do you think it will be down more!
I was wondering about this. In some ways, Bitcoin is a victim of its success. With all of the new merchants coming onboard, when merchants take more Bitcoin, they are selling it out into USD 95% of the time. And they do a lot of volume of Bitcoin sales. More Bitcoin Acceptance and Bitcoin Commerce Does Cause Price to Drop.. Bitcoin must go through this awkward stage |
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wizmo
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June 20, 2018, 05:33:56 AM |
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What are the reason behind falling Bitcoin and do you think it will be down more!
Reason is simply there is more supply than demand but once bitcoin price will reach $10000 or $12000 people will start buying again and we will see bull market again. |
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mariayaz
Jr. Member
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Activity: 294
Merit: 3
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June 20, 2018, 05:37:43 AM |
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whales obviously, people have invested money in bitcoin and they control it. So when they get it out it goes down in value, i sometimes suspect that its also centralized in a way
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bitsmichel
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June 20, 2018, 12:42:42 PM |
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What are the reason behind falling Bitcoin and do you think it will be down more!
Yes, I believe that we didn't seem to see the bottom yet, and it is yet to come, bitcoin would sink even more than it is right now. Probably below the $6,000 point. But actually, there are all the signs present, that we are already there. |
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Beabtc11
Newbie
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Activity: 154
Merit: 0
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June 20, 2018, 12:52:53 PM |
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What are the reason behind falling Bitcoin and do you think it will be down more!
Well, personally the reason behind falling of bitcoin is that there are people who invested a lot manipulate the market. At the same time I think we are at the bottom already of the trends. We can't really predict the volatility of the price in bitcoin. Or maybe there more supply rather than the demand in the crypto market. |
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kameutunda
Newbie
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Activity: 165
Merit: 0
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June 20, 2018, 12:58:35 PM |
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Yes personally you think that Bitcoin and the market is being manipulated and at the same time you think that we are already sitting at the bottom and hopefully the market will take a quick or slow reversal of this level. Due to high supply compared to demand, therefore the price will be down, and this could be the reason for the decline in Bitcoin prices in the market.
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yugyug
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June 20, 2018, 01:28:06 PM |
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Maybe the people are getting tired of this cryptocurrency and they get bored and want something new since the bitcoin has been stuck around for years with less innovation. People want something new, people want faster transaction , low fees and interconnected blockchain.
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