Quote from: Kprawn on February 02, 2018, 03:47:09 PM

Quote from: Wendigo on February 02, 2018, 11:35:11 AM

Basically because of this:

Quote

India's Finance Minister Arun Jaitley said the country wants to "eliminate" the use of digital currencies in criminal activities, signaling tighter regulation in the country.

India alone, cannot have that much invested in Bitcoin, to have such a huge impact on the price. This looks like a scenario

where something triggered a dump {possibly India} and then a bunch of trigger happy Bots, selling as the price goes down.

These investors are probably not even online when this is happening. The Bots are just acting on their own and going Willbot

in reverse now. Tongue

You may be right because Indian governament announced this news yesterday but from last couple of weeks the BTC price keeps on falling. So I don't think this is the major reason behind Bitcoin price down.

But now if we see any major changes in BTC price then we can consider this news.