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skovbitcoin (OP)
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September 06, 2018, 02:36:16 PM
 #1

Hello, bitcointalk forum members!

I'm interested in one important question, why today bitcoin has fallen in price by $ 900 since yesterday. The whole market also fell significantly ... What influenced it?
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September 06, 2018, 02:38:22 PM
 #2

if you're looking for news, I don't have any


but from a TA perspective there's been so many signals that even a blind person could see them

bearish divergence on the RSI
breakdown of a rising wedge
13 count TD sequential sell signal
hitting a resistance zone
hitting the fib golden pocket from the last peak
and a couple more I can't remember now
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September 06, 2018, 02:40:26 PM
 #3

Hello, bitcointalk forum members!

I'm interested in one important question, why today bitcoin has fallen in price by $ 900 since yesterday. The whole market also fell significantly ... What influenced it?
I will try to suggest you read this news and then that will give you a lot of clues about the factors that have made the price of bitcoin has dropped so much from 7k rate
https://cointelegraph.com/news/abra-ceo-sec-denies-bitcoin-etfs-because-applicants-do-not-fit-industry-archetype
first and second ETF has been rejected by SEC and that's the real reason why bitcoin gets down a lot.

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September 06, 2018, 02:43:41 PM
 #4

Because it rose. The price is still above $6500 which is more than average of last six months. We are gradually moving towards a stabler rise in the price of bitcoin. Though in the same period, most of the altcoins had a poorer performance.

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September 06, 2018, 02:52:53 PM
 #5

I will try to suggest you read this news and then that will give you a lot of clues about the factors that have made the price of bitcoin has dropped so much from 7k rate
https://cointelegraph.com/news/abra-ceo-sec-denies-bitcoin-etfs-because-applicants-do-not-fit-industry-archetype
first and second ETF has been rejected by SEC and that's the real reason why bitcoin gets down a lot.

What information do I have to know is that until the 30th of September there is a final SEC judgment on the ETF? Can you provide more information on this for me? I was really puzzled when I saw this unstable market
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September 06, 2018, 02:59:41 PM
 #6

1. This is normal, because bitcoin volatility is free. bitcoin is not the same as fiat currency, or other stable currencies.
2. little demand and higher sales, the stock of bitcoin cannot control volatility.
3. Many people sell bitcoin quickly, they are impatient. so bitcoin volatility is short.
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September 06, 2018, 03:02:07 PM
 #7

maybe this is happen because news about Argentina, or maybe another bad news about blocking or banning crypto on some country.
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September 06, 2018, 03:05:24 PM
 #8

Hello, bitcointalk forum members!

I'm interested in one important question, why today bitcoin has fallen in price by $ 900 since yesterday. The whole market also fell significantly ... What influenced it?

Bitcoin price drop might have been caused due to DigixDAO (DGD) selling over 35,000 ETH which caused cascade selling effect.

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September 06, 2018, 03:08:24 PM
 #9

Because we'll be range-bound between 5500-8000 (pretty huge range, I know.. but this is bitcoin--volatility, you know!) until well after the next halving.  So yeah, it will be a few years until the euphoria comes back like it did in 2017.  Anyone saying anything else is partially correct (market technical analysis) or just plain wrong (mainly people who attribute price to various pieces of news).  There is very little in crypto currency --NEWS-- that 'actually' affects the price.  Mostly it is just emotion and manipulation.

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September 06, 2018, 03:12:35 PM
 #10

I do not think that there is much to worry about here, because now bitcoin is in a very harsh corridor, which sooner or later it will have to be disinfected and where it goes, the whole market will go.
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September 06, 2018, 03:13:55 PM
 #11

Hello, bitcointalk forum members!

I'm interested in one important question, why today bitcoin has fallen in price by $ 900 since yesterday. The whole market also fell significantly ... What influenced it?
ETF rejection might be a factor of Bitcoin price fall because crypto people believed that the approval of the said proposal will lead to stability of the cryptocurrency in which apparently give a big dismay upon the rejection but I know it will not last long because of the evidence that even without ETF crypto still manage to withstand the storm, bear in mind that ETF is for an institutional investor not for the common user.
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September 06, 2018, 03:14:06 PM
 #12

Hello, bitcointalk forum members!

I'm interested in one important question, why today bitcoin has fallen in price by $ 900 since yesterday. The whole market also fell significantly ... What influenced it?
In fact, this is not a very logical fall.He did not even achieve resistance by 200.Perhaps the news will soon appear, as they say, sell on the rumors.
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September 06, 2018, 03:14:46 PM
 #13

Listen, but it is not clear in fact. Someone says that it's old wallets "discovered". We will see. Time will tell.
But now is the time to buy it)
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September 06, 2018, 03:18:27 PM
 #14

there are many people who will have gained significantly from today's events, over the past few weeks the price has been yo-yoing so a lot of people are buying to sell short term. I suspect its people buying at 6k, holding until around 8k then selling off. They then seem to be repeating it over and over. Good way of earning some quick money but not good for crypto as a whole.

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September 06, 2018, 03:19:35 PM
 #15

Hello, bitcointalk forum members!

I'm interested in one important question, why today bitcoin has fallen in price by $ 900 since yesterday. The whole market also fell significantly ... What influenced it?

I think there was a major market correction in the cryptocurrency space, within the last few days Bitcoin price had soar however there was a need for correction which it did. Thanks
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September 06, 2018, 03:20:08 PM
 #16

This is just a bait, the market is Okay.
we have seen a slow rise of the bitcoin in the market and a sudden fall.
this will make more big pockets to earn more BTC.
if you will panic and sell your holdings you will be a bait.



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September 06, 2018, 03:32:22 PM
 #17

This is just a bait, the market is Okay.
we have seen a slow rise of the bitcoin in the market and a sudden fall.
this will make more big pockets to earn more BTC.
if you will panic and sell your holdings you will be a bait.

No it will not okay. There is a reasons why bitcoin price and the market are here in this kind of situation. Anyone saying why bitcoin like this maybe correct or not. I thought that we need more patience to wait the market rise again.

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September 06, 2018, 03:35:57 PM
 #18

In my opinion, some institution or some very powerful person has withdrawn from the market. However even with this sudden drop the market remains healthy to invest and remembering that in the same period last year the values were around $ 4200. Another factor that we can consider is the regularization in some countries that can influence institutions of the same, as well as banks and credit institutions.
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September 06, 2018, 03:38:19 PM
 #19

Not only Bitcoin but even all altcoin market is also fallen heavily , as much i know their was some SEC approval for this week now the next approval is on 3 week and 30th september 2018, so we can see some up movement after 3 days as till them market will get stable.

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September 06, 2018, 03:43:31 PM
 #20

I think investors are no longer interested in bitcoins. They want to find new coins with greater potential for growth. Bitcoin is outdated, it does not bring much benefit to investors. So bitcoin is falling down.
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