Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sornaakter01 on November 15, 2018, 04:27:36 PM
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About Bitcoin :
Last two days ago the bitcoin price are almost $6400 But now the price going down again like last year continuously. Now the price of Bitcoin is almost $5400. What are doing now? Have any cause of this down market? I didn't find anything. Please give suggestion about this situation. I am very wearied about this.
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This has pushed the price for bitcoin up at an alarming rate. What is even weirder is that right around the time their supply exploded, all US banks cut them off, which means US customers had no way of wiring money to them when buying Tether tokens.
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Could this decline in bitcoin prices be due to Hardfork from BCH. Which is where Bch will replace the position of bitcoin as the top coin.
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Actually, I haven't got a strong information that describing how the bitcoin and others crypto currencies falling down. I guess it may be caused by negative news or market price manipulation by big traders or whales. However, I think the reduction only happened temporally. So, just continue holding your bitcoin or other coins, don't sell them.
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The decline in bitcoin prices at the beginning of the year I think was caused by the large number of ICOs and investors are beginning to switch to the ICO as investors already know the bitcoin market will be saturated several months earlier this year. But, I'm sure sure it will return to the highest price only we are patient and wait for the time to arrive
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The major fall has already passed away and now whatever we are experiencing is the market recovery. Yes, market is in completely ambiguous state where there are people who thinks bitcoin might drop to zero but there also people who are taking the opportunity of investing into the crypto due to its low point. In such instance obviously the market will keep burning badly and will take some more drops and ups over next week or month nobody knowns really. I think this drama will stop soon as the people understand the market is recovering and its better to get in than get out from it. This is what has happened every time we have seen the drop in market. So its better to watch it grow back than panic.
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In every varieties of life and things, so as all the works, we always have our ups and downs, and as for bitcoin, it is possible for it to encounter stretches like these too. It may seem that the prices are low, that makes us think the bitcoin is going down and may seem falling and crashing its existence. But no, just like before, from the past years of its living, it may fall its prices but that doesn't mean extincting in this field. May we support its ups and down though, because we are the ones who are the first who could benefit its works and that.
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I think this fluctuations can happen at anytime and it is impossible to adjust or hold a falling down price of Bitcoin by anyone except through demand and supply principles. It will always recovers from the bear conditions.
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I think this is just some panic about holding bitcoin so that a little issue was exhaled they panicked selling their bitcoin and investors saw this opportunity to be made their investment while seeing the lowest bitcoin price so in my opinion we should not follow this panic because it will worsen the market situation
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I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.
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The price of Bitcoin is around $3,200 now. The price has shrunk very much. I don't know what the definite reasons behind this severe reduction. However, the global crisis in digital investment (including stock), has influenced the crypto ecosystem. I think it is one of the reasons.