Kakashi2020 Posted November 25, 2018 Share Posted November 25, 2018 I can't make heads or tails on why Bitcoin's price is falling in such a way. What do you think happened? What affected it's price to nose dive? Quote Link to comment https://slingbank.com/forums/topic/1698-whats-making-bitcoins-price-fall/ Share on other sites More sharing options...
cks003 Posted November 25, 2018 Share Posted November 25, 2018 It is the loss of confidence especially the perceived risk of trading in unregulated exchanges, that triggers the sell down and follow through by other traders that cause the plunge in the price of virtual currencies. The exchange OKEx in Hong Kong that unprecedentedly forced early settlement of Bitcoin cash contract last week caused the loss of confidence among traders on unregulated exchange. Given the size of the trading activities, at one time OKEx claimed to handle more than $ 1 billion transaction per day, the follow through sell down has had tremendous negative implications on the overall market. Quote Link to comment https://slingbank.com/forums/topic/1698-whats-making-bitcoins-price-fall/#findComment-2701 Share on other sites More sharing options...
Kakashi2020 Posted November 25, 2018 Author Share Posted November 25, 2018 11 hours ago, cks003 said: It is the loss of confidence especially the perceived risk of trading in unregulated exchanges, that triggers the sell down and follow through by other traders that cause the plunge in the price of virtual currencies. The exchange OKEx in Hong Kong that unprecedentedly forced early settlement of Bitcoin cash contract last week caused the loss of confidence among traders on unregulated exchange. Given the size of the trading activities, at one time OKEx claimed to handle more than $ 1 billion transaction per day, the follow through sell down has had tremendous negative implications on the overall market. Thanks for the info. So I guess loss of confidence from investors triggered the sell off, driving the price down. But I do think that Bitcoin will rebound, it may be next year or even 2 years from now. Steadily with its resilience, Bitcoin would gain people's confidence again. Quote Link to comment https://slingbank.com/forums/topic/1698-whats-making-bitcoins-price-fall/#findComment-2721 Share on other sites More sharing options...
Bravosi Posted November 25, 2018 Share Posted November 25, 2018 Hi there! Yeah, I agree with the reason mentioned above. I personally don't understand what's holding the bitcoin market? How is it running? I want to buy bitcoin too, because my father bought bitcoin worth 10k USD. Sadly, he did it right before bitcoin dropped by 40%. After I heard about this event I got kinda scared... Quote Link to comment https://slingbank.com/forums/topic/1698-whats-making-bitcoins-price-fall/#findComment-2722 Share on other sites More sharing options...
Caguioa747 Posted December 30, 2018 Share Posted December 30, 2018 It is because of the whales they are the one who is predicting the price of bitcoin. they are the one who is controlling it. and there is also a rumor that some cryptocurrency exchanges is manipulating the price of bitcoin and other altcoins. Quote Link to comment https://slingbank.com/forums/topic/1698-whats-making-bitcoins-price-fall/#findComment-3732 Share on other sites More sharing options...
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