TODAY why is bitcoin decreased?? Winklevoss twins bitcoin ETF rejected by SEC

[BitcoinArsenal]

From a market and technical analysis view we are still in a normal correction. The increase that was starting quite accurate one year ago and ended in December 2017 was a excessive hype. The price decline is a good sign actually. We needed such a phase in order Bitcoin can surge again and, maybe sometime in the future, to achieve new record price marks.

I feel anxious, because perhaps many people like me, I loss quite a lot of his property.

Just out of curiosity, did you invest a significant amount of your money into Bitcoin when it was at the top some months ago?

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[TheBitcoinBadger10]

I think the demand of crypto currency has been decreased in the market. There are other reasons like rumors, negative word of mouth, banning by different governments and rejection of recent project by the SEC etc.

[blockman]

We've got another FUD from one of the biggest players in the financial market including the crypto market as well.

https://www.ccn.com/we-expect-future-bitcoin-price-declines-goldman-sachs/
https://www.cnbc.com/2018/08/03/goldman-sachs-sees-more-price-pain-ahead-for-bitcoin.html

[cryptoVinc5599]

The downfall of Bitcoin, was due to the recent rejection of ETF approval, but now before the hearing of CBOE, the community will see another rise and hype making BTC rise again, don't worry about it. The market is on the change phase, and if ETf approval does get through in future, there is no going down for BTC again, a high chance of a bull run.

[cryptocamacho4785]

The slump shown by bitcoin is because of the recent ETF rejection, for the last few weeks the price rose above 8,000$ because of the hearing of the ETF which played a huge role behind the increased demand of BTC. Now, before hearing of CBOE, the community will definitely see another hype which will make BTC go high again. If ETF approval somehow gets through then we are definitely witnessing bull run.

[greenvally]

The decrease in price was caused by some correction of the market where the recent ETF rejection played a big role in my opinion. However, there would be more hearings in the future and in recent studies, it was shown that Bitcoin mining is getting popular again which will definitely cause another rise in the price in the near future. Hopefully, we'll be ready for it from before.

[Pixstxbtm]

I think cryptocurrencies definitely don't need ETFs. This is just an excuse. If a good market really needs a big country game behind it.

[HarryBrace]

Winklevoss getting rejected by the SEC has definitely cause Bitcoin to fall again but they will definitely come up with a better proposal next time. The recent decrease in price looks like a major correction to me. The next trend will definitely dictate the price of BTC, in future there are a lot of good news lined up, hopefully, they will have a positive effect on the market.

[BestBoardroom36]

Bitcoin ETF rejected by SEC is one of the main reasons behind the price decrease of btc from my opinion. Maybe there are other reasons too.

[IndependentWild87]

I think bitcoin will go to 6k USD if these decrease rate continues. But i think there is a chance of bitcoin to be increased again exists, if lots of investments are done in a short time.

[DwaneJacky]

From my view the rejection by SEC initializes the bearish tread. It continues because lots of investors left the bitcoin market. I think it will continue until more investors enter the market.

[JohnHendry]

BTC price is falling recently. Maybe the reason is not approving ETF by SEC. But I hope it will not be a strong issue, BTC will rise again in near future.

[Gwyn]

huhu TODAY why is bitcoin decreased?? do you think bitcoin will decrease down 6000$

Winklevoss twins bitcoin ETF rejected by SEC

https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html

You're right. Bitcoins are about to drop to $5,000. This is unbelievable at such a rapid rate. A bad news can cause such a big fluctuation.

[CrucialTechnology57]

Bitcoin is going down for few days continuously. Not approving ETF is become another reason. But in this market falling and rising price is a common scenerio. So nothing to worry. I hope it will be come back very soon.

[EricJones]

Why a lot of people like to think that bitcoin is suffering because of the recent actions of the SEC, I would like to think otherwise. First off, bitcoin is known and has gained its popularity for the fact that it is one thing that cannot be controlled by the government, and I don't think that has to change now. So whatever is happening is happening because it is meant to, and not because of whatever it is that the SEC has going on.

[EvelynAriana]

Bitcoin price staistics for the past few days have been going through higher lows and higher highs, which is indicating a downward climb of the prices anytime sooner. I actually saw this coming, the prices can't just rise higher all the time.Many people are hoping that even if the prices fall npw, it mightrise higher by the end of this yer. And as far as the rejection is concerned, Bitcoin has potential, and it will reach wherever it deserves to reach, such rejections can't affect Bitcoin anyway.      

[Haynes]

I really don't care about the SEC or ETF because Bitcoin has been established without SEC and ETF.
SEC or ETF are only complementary and Bitcoin doesn't need them either. LOL