Bitcoin Forum
November 17, 2018, 10:08:55 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: Possible reason why Bitcoin price is decreasing for last few days  (Read 254 times)
lelam
Jr. Member
*
Offline Offline

Activity: 350
Merit: 1


View Profile WWW
June 10, 2018, 01:20:21 PM
 #1

This was not a question and let me give the possible reason. There is no major negative news and thus it is not because of it. There are next gen of ASCIs which had made mining easier. These are being tested by some pools and cost of mining btc is reduced because of this. They can thus sell for less and thus prices have reduced.

● ● ●  ETERNAL TRUSTS  ● ● ●
A Dream That Is Destined To Succeed
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Fog Fence
Member
**
Offline Offline

Activity: 104
Merit: 10

SIMPLE SHOPPING AND SAFE PAY


View Profile
June 10, 2018, 01:31:31 PM
 #2

Quite probable. The important thing is that bitcoin will sooner or later re-enter the growing trend. And at this point you need to be ready, buying bitcoin at today's prices. This is my personal investment strategy.

cryptorTUX
Member
**
Offline Offline

Activity: 238
Merit: 11


View Profile
June 10, 2018, 01:50:47 PM
 #3

This was not a question and let me give the possible reason. There is no major negative news and thus it is not because of it. There are next gen of ASCIs which had made mining easier. These are being tested by some pools and cost of mining btc is reduced because of this. They can thus sell for less and thus prices have reduced.

Why does it matter? What matters today is that not many people are willing to transact and transfer money with bitcoin that easily. We should more focus on how people see bitcoin and if they are going to be part of it. The more people join they will pull their friends and when they pull their friends to buy then the party is starting and price increases. It could be due to mining but don't forget that we are going to have another halfing and no matter how easier it is to mine when halfing comes it will be harder to mine them which means higher price. Look for long not short.
batang_bitcoin
Hero Member
*****
Online Online

Activity: 980
Merit: 525

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
June 10, 2018, 02:16:31 PM
 #4

I have read the same thing on facebook a while ago so I guess that can be a reason. But I have also seen another reason for this. Have you heard the mysterious Asian whale?
Huge Bitcoin Whale With 94,000 BTC Transfers Crypto Onto an Exchange, Rattling Nerves
Many are worried about it if this whale will sell all of those transferred coin to an exchange, surely it will make an impact negatively to the price.

Herlina
Full Member
***
Offline Offline

Activity: 378
Merit: 101


Decentralized Digital Billboards


View Profile WWW
June 10, 2018, 02:48:54 PM
 #5

This was not a question and let me give the possible reason. There is no major negative news and thus it is not because of it. There are next gen of ASCIs which had made mining easier. These are being tested by some pools and cost of mining btc is reduced because of this. They can thus sell for less and thus prices have reduced.
I think this is not the right reason for it
As far as We know that mining tools continue to grow, the new product come with greater specifications but until now it is not a problem because Bitcoin mining difficulties also continue to grow and not all miners make sales when they get mining results

BrewMaster
Hero Member
*****
Offline Offline

Activity: 994
Merit: 654


There is trouble abrewing


View Profile
June 10, 2018, 03:06:26 PM
Merited by DdmrDdmr (1)
 #6

This was not a question and let me give the possible reason. There is no major negative news and thus it is not because of it. There are next gen of ASCIs which had made mining easier. These are being tested by some pools and cost of mining btc is reduced because of this. They can thus sell for less and thus prices have reduced.

this doesn't even make any sense and you are wrong about some parts. i made them bold.

first is the fact that there was only talk about a big company in Japan releasing their new ASIC that they claim is more efficient than Bitmain's ASICs. i don't think it has reached any "farms" (not pools) yet.

second even if they already have it and it costs less for them to mine bitcoin that still doesn't mean they are going to sell it for less! that is not even a logical human behavior.
imagine this, you are in a signature campaign and lets say they pay you 0.01BTC per week which you sell. if next week they pay you 0.015BTC and price is $7500 will you sell your  coins for $6000 per bitcoin? then why do you think miners will sell it for anything lower?

kotulo
Newbie
*
Offline Offline

Activity: 70
Merit: 0


View Profile
June 11, 2018, 08:30:51 AM
 #7

Increasing momentum, Bitcoin will reduce to some extent and return to its upward momentum
Benito01
Jr. Member
*
Offline Offline

Activity: 138
Merit: 1


View Profile
June 11, 2018, 09:26:45 AM
 #8

Maybe there are many bitcoin user choose to hold their bitcoin than investing it or using it as money, because if the demand of bitcoin is decreasing the price is also decreasing.

█≣≣≣   SECURIX   ≣≣≣█
▐▃    NEXT GENERATION OF CRYPTO MINING    ▃▌
http://www.securix.io/
talkbitcoin
Legendary
*
Online Online

Activity: 1162
Merit: 1011


View Profile
June 11, 2018, 09:41:38 AM
 #9

there is a better chance that this recent drop was because of the exchange that was hacked recently. it was a small and irrelevant exchange that nobody cares about but the FUD is always there and strong which can cause the panic and crash the price like this.














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
nakamita
Newbie
*
Offline Offline

Activity: 61
Merit: 0


View Profile
June 11, 2018, 09:48:14 AM
 #10

As Bitcoin executives, they hold a large amount of Bitcoin so you can understand them at the same time they discharge everything they have, resulting in Bitcoin prices dropping in the past few days.
horse606
Newbie
*
Offline Offline

Activity: 31
Merit: 0


View Profile
June 11, 2018, 09:58:48 AM
 #11

The only negative news I saw is that an unknown exchange in Korea was hacked
kejot
Member
**
Offline Offline

Activity: 91
Merit: 10

"OPEN GAMING PLATFORM"


View Profile
June 11, 2018, 12:57:03 PM
 #12

That is one of the reason that affect to bitcoin price, but sometime there is bad news also that make the investors doubt to hold bitcoin, therefore, before the price are down again, they prefer to sell their bitcoin than hold it.

mmo4me.2016
Sr. Member
****
Offline Offline

Activity: 686
Merit: 255


Blockchain Based Decentralized Data Trade Service


View Profile
June 11, 2018, 01:02:00 PM
 #13

I do not know the exact reason but the price of Bitcoin and the altcoin is falling sharply! All my altcoins are discounted more than 70% from the time of purchase! I hope the market will recover soon1

             D   a   t   a

  ,o███████b.
  Y██████████b.          _od█████o.
   ''"█████████o        d██████████b
       Y█████████.    d████████P"''
         Y████████b ,d███████P'
          `Y████████████████P
            `Y████████████P
              Y██████████'
                Y████████L
            d██. `Y███████b.
          _d████b_ Y████████b
         d████████p  Y████████.
       d████████P'    `████████b_
     ,█████████P        `████████o_
chain















.B L O C K C H A I N  based......
.D E C E N T R A L I Z E D  data
.Trade S E R V I C E...................
..TOKEN  S A L E.......
......is LIVE........
..What is      D  a   t   a   X   c   h   a   i   n ?         
.
...DataXchain...provides a tailored-matching service
..........................between Data Owner and Data User with
..........................our unique “Intelligent Matching Engine (IME)”
LEARN..
.MORE..........
....F O L L O W........
..US...............................
.
.....WHITEPAPER.......
.TELEGRAM........
.
.TWITTER.....
.
.FACEBOOK.....
rabs
Member
**
Offline Offline

Activity: 171
Merit: 12

Streamity Decentralized cryptocurrency exchange


View Profile
June 11, 2018, 01:30:39 PM
 #14

Yes there is no major negative news but sometime community mouth marketing also leave bad impact.Another main reason a group of whale massively withdraw or inject the investment market fluctuate and no one can predict the next step of whale.Overall we need to hold with patience and be patient because its part of market sooner or later market will be green.

fulled
Full Member
***
Offline Offline

Activity: 448
Merit: 101


DOMINIUM - Decentralised property platform


View Profile
June 11, 2018, 01:34:06 PM
 #15

I think its because Eid Mubarak, i think many moslems sell their bitcoin and others cryptocurrency to fiat to buy things for eid mubarak day

D O M I N I U M      │    PRE-ITO WHITELIST is OPEN   [ REGISTER NOW ]    │        WHITEPAPER 
Decentralised, regulated, property financing, property listing and property management platform
♦     ANN THREAD     FACEBOOK     TWITTER     TELEGRAM     YOUTUBE     MEDIUM     LINKEDIN     INSTAGRAM     ♦
hasmukh_rawal
Copper Member
Full Member
***
Offline Offline

Activity: 392
Merit: 105


View Profile
June 11, 2018, 01:50:00 PM
 #16

This was not a question and let me give the possible reason. There is no major negative news and thus it is not because of it. There are next gen of ASCIs which had made mining easier. These are being tested by some pools and cost of mining btc is reduced because of this. They can thus sell for less and thus prices have reduced.
I don't believe this. There are some logical questions which arise in my mind reading this post.
How come all of a sudden these "next genereation ASCIs" came into existence and people already started mining BTC with it.
If at all they were such profitable I am sure the news would have gone mainstream but no it hasn't and so I don't think this is the right reason for the current decline.
P.S : If at all people got so much profit out of it, why would they sell it when they can get more money for it holding it and then selling it in the future ?
lonmobilio
Newbie
*
Offline Offline

Activity: 99
Merit: 0


View Profile
June 11, 2018, 02:05:32 PM
 #17

The fall in bitcoin prices in the past few days has no negative news about bitcoin but I think it is likely that many people are selling bitcoins and withdrawing their money for vacation and can also be deliberately dumped by big investors to make cheap bitcoin prices and they can get bitcoin more at a cheap price.
lamcouz
Member
**
Offline Offline

Activity: 322
Merit: 10

GigTricks.io | An Integrated Freelance Ecosystem


View Profile
June 11, 2018, 02:13:53 PM
 #18

There is no exact reason behind this decline but we can surely predict the possible reasons why this happened.
It might be because of the recent south korean exchange hack . Coinrail is the 99th top most crypto exchange which got hacked recently leading to a losses of about $30 million. Media says that this was the reason behind the Bitcoin price fall whereas there are people saying that it was because of the probe launched by the US regulators to identify the price manipulation, which made Bitcoin fall below $7k

jennygamilo
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile
June 11, 2018, 02:22:57 PM
 #19

Quite probable. The important thing is that bitcoin will sooner or later re-enter the growing trend
Lingqingyi
Member
**
Offline Offline

Activity: 168
Merit: 10

Open and Transparent Science Powered By Blockchain


View Profile
June 11, 2018, 02:27:53 PM
 #20

I think it's just because it's a bear market, and all the tokens are always going down.
So you don't have to guess where the price of the token is going, because people don't have enough confidence, so it's perfectly normal to go down.

ORVIUM        Open and Transparent Science Powered By Blockchain        ORVIUM
█    Whitepaper        Telegram        Twitter        Facebook        Reddit        Blog    █
▇▆▅▃▃▃▃▃▃   Token Generation Event: Coming Soon   ▃▃▃▃▃▃▅▆▇
Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!