Want to know why cryptocurrencies are going down?

[kamudd]

After hardfork bitcoin cash finish make bitcoin price is drop, maybe why bitcoin is down because hardfork by bitcoin cash and make bitcoin price down, we need many investor and make investment at bitcoin for getting bitcoin at higher price.

You are right, many investors need into Bitcoin to increase prices. Because of their investment, bitcoin prices will increase significantly.

But it seems that investors are still afraid to invest now because too many people have speculated that bitcoin will die. One difficult task that we must do now is to restore investor confidence in bitcoin.

[Ladyga]

In the fall of cryptocurrency is nothing special. In contrast to, say, the shares of companies or such assets as oil and gold, digital money has no real price indicators. For stocks, this is the number of clients, the cost of the means of production, all sorts of patents, and so on.

For gold and oil - the number of units produced, reserves, growth in demand due to new industries (say, chemical). In cryptocurrency, everything is simpler and therefore more unusual: net demand and net supply.

Of course, you can calculate (at least approximately) the total amount of equipment, spent kilowatts and man hours for maintenance and calculate the real average cost of mining. Or find out the return on ASIC-processor.

But all this will be approximately. In addition, POS systems are increasingly winning, and there a node (the node in the network is vc.ru) is an expensive, but one-time cost-taking pleasure. Therefore, only supply and demand influence the rate of cryptocurrency.

The current fall was influenced by three main factors:

- The flight of the Chinese miners (not necessarily in origin, rather, in relation to geography) to other countries, including Canada. After all, they were mainly engaged in pamps (artificially increasing the cost - vc.ru), in order to reduce equipment recoupment. This is clearly seen in the example of not only Bitcoin, but also Litecoin and Dash.

- Futures. This tool, as I wrote many times before it was created, is the first step towards killing Bitcoin. After all, the cryptocurrency appeared on the background of the opposition of various kinds of derivatives. And now it is profitable for speculators to buy futures expensive and at the same time Bitcoin is cheap. This is a clear game of difference, spread.

- Weak hands. There were too many of them, and when the planned dump went, they just started jumping out of the market, afraid to lose the last. In general, cryptographic devices are not about technical analysis and not about short-term inputs: you just need to believe in it, but believe in your head, understanding the technology.

For example, if an investor invested 10 thousand rubles on air in 2014 at a rate of $ 30 per ruble, then at the peak in 2017-2018 he could receive $ 1 million.

There is ICO, whose ROI was at the peak of 3.5 million percent. On the one hand, it attracts ordinary citizens, and on the other, it does not work for them, because speculators rule the ball.

Unfortunately, this is a fact. This is especially evident in the pampa in 2013-2014, when the cost of Bitcoin rose sharply to $ 1,200 and at the end of 2017, when the rate reached $ 20,000.

[lrvjvt]

I hate some of the words that compare bitcoin to "air". In some experts' eyes, bitcoin has no real value. They always use gold, stocks and bitcoin to compare, but what I want to say is that The value of Bitcoin is not built on the real thing, but based on its use value.

[jemarleon]

I think we also need to consider the whales manipulation or even they dont manipulate it for sure most of them sold their bitcoin on high price before the bearish market that affect the price to go down more.

[Dexion]

all altcoins get influence from the hash battle between BCHSV and BCHABC, even the crypto king (BTC) has fallen drastically, while many altcoins are following the BTC road, including ETH.
I did not find an altcoin that can survive in these conditions.

[jeremy84]

Because it is a market. Ups and downs occur periodically, this is the norm. There is nothing wrong with the market falling. Now it is stabilizing at the lowest point, soon the market will go up.

[Tahsin Kabir Kollol]

Its true that the cryptocurrencies are going down badly in 2018 and investors become very depressed. But if you see that the cryptocurrency market raised very highly in 2017 and it is very unexpected. On the other hand, many countries try to stop cryptocurrencies and banned it. There are also many reasons that are why cryptocurrencies are going down.

[gesdan]

until right now I don't know about the cause that makes the price of bitcoin going down. but many people said that it because the BCH hardfork, but i dont know what is the relation between the BCH and bitcoin

[fianaindriati]

After hardfork bitcoin cash finish make bitcoin price is drop, maybe why bitcoin is down because hardfork by bitcoin cash and make bitcoin price down, we need many investor and make investment at bitcoin for getting bitcoin at higher price.

You are right, many investors need into Bitcoin to increase prices. Because of their investment, bitcoin prices will increase significantly.

But it seems that investors are still afraid to invest now because too many people have speculated that bitcoin will die. One difficult task that we must do now is to restore investor confidence in bitcoin.

the number of people who think that bitcoin is dead, indeed makes the investors affected. because they have experienced this condition, and then they are pressured by the issue that says that bitcoin will die. therefore they are pessimistic and sometimes resign to become investors.

[Al-e_x]

traders and investors limit their actions, they still believe in crypto, but today, I don't see their big ambitions. so the trading volume in the market is low.

and the impact is that the value of BTC and altcoin has fallen drastically.

[mensahkkofie]

Education is good but honestly, what I have noticed is that bitcoin would always be the most trending digital currency and not just a cryptocurrency. One significant thing that happened during the year is the numerous  fork on bitcoin cash. I believe this brought a divided opinion among stakeholders but bitcoin still lead the trend

[Ladyga]

The sharp drop in the value of Bitcoin is obviously due to the restrictions imposed by countries and institutional organizations. In this case, China, which banned the mining of bitcoins in the country, as well as the work of foreign cryptocurrency exchanges.

In addition, the prohibition of American and British banks for the purchase of cryptocurrencies on credit cards (Bank of America, JPMorgan, Citigroup, Lloyds Banking Group, and so on). They fear that the course volatility will turn against the client and will not allow him to repay his obligations to the bank.

In addition, the cost of Bitcoin was already quite inflated and grew solely thanks to the connection of more and more new investors.

Only this factor does not justify the growth of value by thousands of percent per year, and when there are still objective barriers to the spread and introduction of the coin, a collapse occurs.

Predicting the future movements of Bitcoin costs is pointless, for this there is no fundamental input.

[cherryganda]

Looks like everything is changing phase now and it started today.
I just visited coinmarketcap and some exchanges even the blockfolio on my phone.
Everything are green and i am happy to see it going up now.
BTC is up by 200USD or more and others are getting their rise also.

[Marina5]

It is the rules of crypto currency. But fake news are mostly responsible for the price dumping.

[Peacemaker1994]

What's is important for us right now is to know that cryptocurrency is already down and the next step is to know what is needed to be done to raise it from this state

[AntoCokbun]

traders and investors limit their actions, they still believe in crypto, but today, I don't see their big ambitions. so the trading volume in the market is low.

and the impact is that the value of BTC and altcoin has fallen drastically.

I have the same opinion with you, even in my opinion this decline starts from the many people who withdraw their bitcoins before the BCH hard drive and then that causes panic so that market prices continue to decline even to this day. I thought that the market had never recovered because many investors held back because they were afraid to start investing when the market situation continued to decline.

[KingScorpio]

A detailed report of top trending cryptocurrencies. If you are willing to learn then you are in the right place. Bitcoin, Ripple, Ethereum and much more.
https://www.civilblockchain.com/crypto-watch-weekly-2nd-week-of-december/

its a global socialist conspiracy, that doesnt like 50% of the worlds electricity being spend on bitcoin, and that doesnt like the global enslavement to coinmarketcap cryptoindex.

its all hatred agains the peaceful "bitcoin" founders

regards

[jojohamasa]

A detailed report of top trending cryptocurrencies. If you are willing to learn then you are in the right place. Bitcoin, Ripple, Ethereum and much more.
https://www.civilblockchain.com/crypto-watch-weekly-2nd-week-of-december/

The picture is not quite clear
Technical analysis is not helpful here
But most of the opinions of members and analysts talk about
We are at the end of the downtrend and we have an appointment with a rally
I wish it to be slow and with great momentum.

[xuan87]

It's a bad situation for crypto, the market is all unpredictable and the price keep on being dragged down, after the stable price around 6000$ the Bitcoin being hit with hashwar and suffered a big drop, the Bitcoin dropping causing a lot of coins' price falling down, and there are still no sign of Bitcoin going to recover soon, but for sure the bull will run just need more time and be patience

[Kayum10029]

I know a little bit about bitcoin falling.the main reason of bitcoin falling is bitcoin cash especially bitcoin cash sv and bitcoin cash abc. But experts expected that very soon market will come back.