Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on October 18, 2018, 02:30:24 AM
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Panic selling is what draws the price of Bitcoin so down to the drain. Any event which leads to panic selling of Bitcoin can be considered as a contributing factor. The news of a hacked exchange site, false news from governments, banks and the media, a Bitcoin advocate country later banning Bitcoins etc. All these factors contribute to the fall in price of Bitcoin on the market.
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I agree about what you say, and one more thing which I think that also can make the bitcoin price fall, that is wholes club because this really influence the price of bitcoin, they buy coin in large amount and when they sell the coin the price will fall.
I'm waiting for the news which will bring great impact to the crypto, and I hope that can make the crypto will be back like before and will be better day by day
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Panic sales are the most decisive factor for decreasing bitcoin prices. I think, the negative issue, the prohibition in some countries does not really affect the price reduction. If they stay strong holding coins despite negative issues, this will not have an impact on the decline in bitcoin prices.
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A lot of media manipulation and jumpy holders can really make the price go down, nevertheless there are also the whales that have very large bellies and can and do influence the price severely...
I bet that when the time comes for the price to go up, the whales will produce positive news about bitcoin and the fear will turn into fomo...
media manipulation is something easy for some people... most of the world media is controlled by a handfull of people
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Agreed, panice selling is one another reasom why bitcoin price fall, other reason because so much FUD, fake rumor and bad news about bitcoin or cryptocurrency
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Sales factor. It is the factor of large-scale sales that is the main cause of Bitcoin has decreased and can even corner the price. The existence of barons who sell Bitcoin on a large scale in the near future. and that makes the price of bitcoin go down, there are also people who panic with this situation and instead sell their Bitcoin at low prices. This is what causes Bitcoin prices to drop further.