Bitcoin

[alexandrea]

i keep on searching why bitcoin is going down. and i cant have a concrete answer. anyone who knows why?

[Stalkerjex]

you know btc is going down because of large stacking and competition inside the difital world there are so many new currency competing bitcoin but bitcoin will up again soon

 

[alexandrea]

27 minutes ago, Stalkerjex said:

you know btc is going down because of large stacking and competition inside the difital world there are so many new currency competing bitcoin but bitcoin will up again soon

 

oh i see i see. ty

 

[DreamStage]

It's probabily due to China's new government upcoming rule on disabling BTC for real life transactions.

[Icex]

4 hours ago, Stalkerjex said:

you know btc is going down because of large stacking and competition inside the difital world there are so many new currency competing bitcoin but bitcoin will up again soon

 

No, the past few days all of them were crashing. 

[Kargai]

- China announcements around the bitcoin

- JP Morgan boss calling Bitcoin a fraud  https://www.theguardian.com/technology/2017/sep/13/bitcoin-fraud-jp-morgan-cryptocurrency-drug-dealers

+ an eventual new fork of BTC in november.

Just some people scared by that and selling their BTC (and traders who take advantages of the situation of course) => price drop. When BTC drop lots of alt drops too, part of the market follow.

[alexandrea]

22 hours ago, Kargai said:

- China announcements around the bitcoin

- JP Morgan boss calling Bitcoin a fraud  https://www.theguardian.com/technology/2017/sep/13/bitcoin-fraud-jp-morgan-cryptocurrency-drug-dealers

+ an eventual new fork of BTC in november.

Just some people scared by that and selling their BTC (and traders who take advantages of the situation of course) => price drop. When BTC drop lots of alt drops too, part of the market follow.

a must read

On 9/14/2017 at 1:08 PM, DreamStage said:

It's probabily due to China's new government upcoming rule on disabling BTC for real life transactions.

im reading and i think so too

[wilberthh]

100% its because of China.

China holds estimated of 33% or more of all bitcoins around the world if I'm not mistaken.

Also China's government already banned bitcoins trading which lead to the bitcoins prices dropping.

[Kargai]

Around 2000$-2400$ possibly.

1 hour ago, wilberthh said:

100% its because of China.

Not true. The JP Morgan bluff count too, Wall street partly follow. China & Wall street are just killing the price to buy more BTC for themselves

China hold a lot of BTC indeed, what's the point to killing it? Quite the opposite in fact. They just try to blind the people who doubt the BTC.

[ktfor57]

China holds a lot of bitcoins and the Shangai based BTC exchanged had announced to cease its trading facility from 30th september. So basically it is the fear of uncertainity

[alexandrea]

1 hour ago, ktfor57 said:

China holds a lot of bitcoins and the Shangai based BTC exchanged had announced to cease its trading facility from 30th september. So basically it is the fear of uncertainity

so what do you think will happen in 1 month time?

[ktfor57]

5 hours ago, alexandrea said:

so what do you think will happen in 1 month time?

Apart from China whole world is there into bitcoins, so this realization should build confidence in bitcoin traders, investors and minors to elevate the price again. Moreover a correction in the price is justified considering the fast rise in price.  

[ktfor57]

5 hours ago, alexandrea said:

so what do you think will happen in 1 month time?

Apart from China whole world is there into bitcoins, so this realization should build confidence in bitcoin traders, investors and minors to elevate the price again. Moreover a correction in the price is justified considering the fast rise in price.  

[alexandrea]

19 hours ago, ktfor57 said:

Apart from China whole world is there into bitcoins, so this realization should build confidence in bitcoin traders, investors and minors to elevate the price again. Moreover a correction in the price is justified considering the fast rise in price.  

what if china totally close its market to crypto currency. what do you think? up or down?

[Indigger]

On 14.09.2017 at 4:36 AM, alexandrea said:

i keep on searching why bitcoin is going down. and i cant have a concrete answer. anyone who knows why?

Just traders decided to make some fluctuations...

Don't be upset. Up to $5000 soon...

[alexandrea]

7 minutes ago, Indigger said:

Just traders decided to make some fluctuations...

ahh i see  ty

[cryptofly]

Is funny how is always China above the news when talking about Bitcoin going down.  Maybe is not a "country" issue but is most as lack of activity among the "bitcoiners" when we are not going outside and promote correctly and make slow the mass adoption.  I do think that we all have to make our "job" by going out and promote the use of bitcoin and all cryptocurrencies,  we all should be doing that so we can make sure that bitcoins doesnt go dawn and people can call it a scam or bubble.  My opinion.  Good luck. 

[hector12]

It is really hard to know why it goes down and up   when demand increases then price goes up