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pandanaran
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September 06, 2018, 04:19:39 AM |
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I think the falling market is due to the very high demand in 2017 that brings the value of bitcoin to $ 20k then increase sell order, coupled with issues that spread both prohibitively in various countries, crime and disrupt the country's economy. In my opinion that is what makes users panic, lost confidence and results in a downward trend.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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ucingucingan
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Activity: 322
Merit: 10
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September 06, 2018, 05:47:19 AM |
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I think now a monetary crisis is not only affecting the real world economy but also affecting price movements in the crypto market, and I think this was triggered by economic attacks by the United States
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aencarnaci
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September 06, 2018, 08:35:18 AM |
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is it all that is going on with regulations?
Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
I think market is already recovering in its doing good, that is the good of bitcoin, when you are talking about why its down, its already back up. However if you really want to focus on why the bitcoin drops after some small bull run than you need to check the dates. I do not follow it regularly and I am not a great predictor or something but when there are shorts and futures and cmoe or whatever involved the price of it goes up and down more than regular days. Special days that gives interest to whales have bigger affects on bitcoin than just a simple Tuesday, hence when you see moves that are going really high in a day or really low in a day than know that it must be some special day for bitcoin. |
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Farma
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Merit: 1001
Leading Crypto Sports Betting & Casino Platform
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September 06, 2018, 08:55:22 AM |
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I think the falling market is due to the very high demand in 2017 that brings the value of bitcoin to $ 20k then increase sell order, coupled with issues that spread both prohibitively in various countries, crime and disrupt the country's economy. In my opinion that is what makes users panic, lost confidence and results in a downward trend.
well this condition is completely different from the previous year. this is like the opposite. well, for now I'm just thinking of holding back the assets that I have. waiting for market conditions to get better is something that needs to be done now. |
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OnceTwiceThird
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Activity: 606
Merit: 10
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September 06, 2018, 09:20:55 AM |
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I don’t why the market is drop and too low right now, maybe many investors are selling their coin with higher volume and they have make other investor are panic to sell their asset to. Its why make price bitcoin and altcoin is drop.
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dongyi17
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Activity: 616
Merit: 100
FRX: Ferocious Alpha
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September 06, 2018, 10:02:26 AM |
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Its obvious because the price of many altcoins is down now, so market is unstable and many altcoins are going red. hopefully before end of this year market will rise again and many altcoins become stable so we can start trading.
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Ebeano
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Activity: 14
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September 06, 2018, 10:38:15 AM |
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No one could actually pinpoint the reason for the bearish market.
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Adhichan
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September 06, 2018, 11:16:40 AM |
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Its obvious because the price of many altcoins is down now, so market is unstable and many altcoins are going red. hopefully before end of this year market will rise again and many altcoins become stable so we can start trading.
most investor and crypto community hope cryptocurrency market recovered again at december.they have strong reason for this, especially about CBOE etf that would be main trigger for price movement. |
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dreamycoin
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September 06, 2018, 09:44:59 PM |
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The decline in crypto prices was caused by negative issues that made people rush to sell coins before prices dropped further. That's where large-scale coin sales occur, which makes crypto prices drop sharply.
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Hemady17
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Merit: 35
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September 06, 2018, 09:53:56 PM |
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The market is going down today because there is no reason for it to pump. The days that bitcoin and cryptocurrency rise up are not sign of a bull run market but we just played by whales who control the entire series of pumping. Anyway, let just be happy because even in a short run, we have few profits.
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nurseyman
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Activity: 56
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September 06, 2018, 10:50:50 PM |
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I think whales make money thanks to the bull run and now they want to win with other methods. now they are tiring people by creating shorter ups and downs.
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littlestar92
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September 06, 2018, 11:26:20 PM |
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I do not think. I just see my money going down and that means the market is falling. But I have confidence in this market. I believe it will restore.
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mensahkkofie
Jr. Member
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Activity: 280
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September 06, 2018, 11:48:49 PM |
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The are various reasons for the down falls in the price of the various Cryptos. I believe the whole issue on the bitcoin ETF agreement could be part. At the moment, no one can pinpoint one exact reason for the fall.
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basty03
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Activity: 304
Merit: 10
0x1b2d294ab6ca449e34F946B86540cd342cF49100
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September 06, 2018, 11:57:22 PM |
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is it all that is going on with regulations?
Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
I think all your questions is the reason why we still experience the bear market and what ever the reason it is the important is we still believe that crypto market will surpassed this situation and our patience is important too so we will not end up for nothing. |
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deppil
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September 07, 2018, 02:19:55 AM
Last edit: September 07, 2018, 02:40:48 AM by deppil |
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Probably cause people are selling once the price goes up a little thinking that is when they are gonna make profit. Also, they believe that the price won't go as high or close to it like last year anymore so they sell all their assets and cause a massive fluctuation.
but many are waiting until the end of this year. many of the bitcoiner's hopes that the end of this year will increase significantly. but not a few also panic sell, which worsens the current situation Yesterday's price dropped very much until 10% and it really made me sad and angry. maybe most users sell their coins because they think it's a high price. even though prices can be higher if many people want to be patient and do not panic selling |
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marketone
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Activity: 1302
Merit: 1000
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September 07, 2018, 02:23:13 AM |
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People are selling for short-term profits and make the price of bitcoin, altcoins decreasing in the market. If you worry about the prices then you will sell them for loss, so don't worry about the short terms dumps and pumps. Hold it for long term until your desired target is reached.
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Haliburton
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Activity: 502
Merit: 118
Liberated Forever. Domesticated Never.
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September 07, 2018, 04:09:34 PM |
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Right.We are still facing on a down market today since crypto is very much volatile and fluctuations will be expected all the time.I think having a down market is caused by some negative news that have totally affected some investors and holders to make panic selling in some ways.Hopefully the price will soon to recover making the market turns into green again.
Correct! Many investors are panic selling, which explains the reason why the market has been on a downfall these days. It's normal within crypto land, since volatility has been affecting Bitcoin after its creation in 2009. All we could do is just wait until the next upsurge in price occurs for all the cryptocurrencies on the market. When Bitcoin rises, altcoins rise in price too. The same behavior happens if Bitcoin goes down in value. The way I see this, is that Bitcoin is the reserve cryptocurrency of all cryptocurrencies in existence. What this means is that if Bitcoin fails or dies, then other altcoins will die too because they depend heavily on Bitcoin's value on the market. For those that are in it for the long term, they don't care about the current bear market. But, those who got in last December 2017, are regretting being invested into Bitcoin in the first place since they've lost a lot of their hard-earned money. All in all, it's only a matter of patience and perseverance to obtain the results you want to achieve with your crypto investment in the long run.  |
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alroys
Jr. Member
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Activity: 448
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September 07, 2018, 04:23:59 PM |
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the rise and fall of crypto coin prices, is very much influenced by trading activities. so in my opinion the reason prices go down is because the supply of coins is a lot, and demand is lacking. too many traders and investors who sell their coins, the reason for the price of coins is falling now.
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mayokaren
Newbie
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Activity: 53
Merit: 0
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September 07, 2018, 04:37:27 PM |
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is it all that is going on with regulations?
Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
We can't force people to invest in this technology as this technology has volatile in nature. I will suggest you to keep learning the best which can give you the best of all. |
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Irwandho
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Activity: 83
Merit: 0
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September 07, 2018, 04:38:13 PM |
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I think that market is down just because of too much selling orders and less people buying it. in current market condition which was already bearish from last top in December 2017, selling send us to downtrend.
I think weak and inexperienced hands get lessons now. This may take time to recover depending on how long they need to accumulate. I think the market is sluggish because the trees are shaking. Big boys have entered now and they want a good price. |
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