Ninjastic
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Re: Why is Bitcoin falling?
by
monalia
on 17/05/2018, 14:31:22 UTC
Quote from: Vaskiy on May 16, 2018, 07:09:15 AM
Quote from: gabmen on May 16, 2018, 07:01:50 AM
Quote from: bitgolden on May 16, 2018, 05:35:21 AM
Quote from: marcbitcoins on April 27, 2018, 02:34:58 AM
Quote from: dayem708 on February 05, 2018, 04:27:52 PM
Bitcoin has fallen by more than 56 percent since the turn of the year, after peaking at nearly $20,000 in December 2017.

CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Government’s stance on cryptocurrencies.

The main reason during this moment of falling down was due to MT.Gox revealed activities of selling of massive of Bitcoin which worth billion of dollars. Because of this the Bitcoin price crashed in which it create a panic selling for most of the holders of Bitcoins and Altcoins but now the Bitcoin is recovering and starting to a bullish performance but we should always be aware as this is probably manipulated by the big whales once again like Mt. Gox who are pretending as an exchange but i believed they are one of the big whales that manipulating the market.
Bitcoin falls due to the increase or decrease in the demand for it and also if some negative news come in the market that also affects people to stop them investing in it. This is very weak as compared to Bitcoin because we have noticed the survival of Bitcoin besides external forces and these negativities. People have defeated these negativities and now the price is on the increase trend.

I think there's really not much to it. It falls and rises since it's volatile. It reacts to simple good newd or fud. There are times when whales manipulate the value. We'll just stress ourselves out if we try to figure why the price moves like it does.
Price being volatile is a common factor with bitcoin. Most of the time the price used to fluctuate between two price points and finally after certain time period it'll grow marking a new price. Now the price seems to fall low because of the FUD that has been getting circulated and the whales making it an opportunity to manipulate the market.
yes, Market is little down in current situation but again market is green now. So it will move to hype because yesterday consensus impact. Last three years conference is positive in Bitcoin again this year also it will positive in Crypto platform. So everyone expecting 10k USD in end of the month.