Topic: Reason behind this sudden fall of btc (Read 675 times)
I believe that one of the reasons behind sudden fall of bitcoin's market value is due to whales moving their bitcoin as they also wanted to create a steep downtrend trajectory. I think that's what whales usually do since they can play with their money anytime they want.
Finding the main reason for this price fall is a good thing because most of the people then they saw the price fall they start selling their coins just for the panic and if we can find the reason for which the price falls, people can be calm and start holding their coins,but it could be many reasons for that, it could be many bad news, many speculations or even rumors.
Anyone knows the reason behind this sudden fall i listen some fud from Vietnam anything else going on
When moon ? 😢
unknown cause of the sharp decline in the price of virtual currencies. there are many factors that occur, it seems that large countries are trying to make new regulations. Bitcoin has now fallen back to the previous stable price range between $ 450- $ 500 and I hope it will survive and bounce back after experiencing this decline. When moon ? 😢
I think that this was purely manipulated to make the price go down, so they could push it to the top after a few months, that is what is happening at the moment.
Are you thinking whales are manipulating the entire market? If true, they are doing their job well for many months. The market today is very broad and the possibility of price drop may be partly related to them but mainly supply and demand.
Bitcoin prices are falling there is no particular reason but we can see the downtrend happening from last many months now the market is at the final stages of correction we can see bounce back in the next quarter
I think that this was purely manipulated to make the price go down, so they could push it to the top after a few months, that is what is happening at the moment.
Bitcoin fall is part of the price movement of bitcoins. It can't go up all the time, and even if the price is increasing there is a downtrend in the uptrend. FUD is one of the major causes when it comes to bearish in bitcoins price.
Yes definitely, but the question is what is the reason behind the sudden fall. The reversal was mainly due to a lot of negative and fakes news and FUD in the social media in the last months or so pulling the price to even further. But it seems a reversal has already started this month and hope that it is at least a sustainable growth.
Bitcoin fall is part of the price movement of bitcoins. It can't go up all the time, and even if the price is increasing there is a downtrend in the uptrend. FUD is one of the major causes when it comes to bearish in bitcoins price.
I see several reasons
New players come on Bitcoin market - institutional traders who had long planned to enter on short, because they did not see any fundamental strength or significance in Bitcoin as a currency or Bitcoin Network as a payment system.
80% of Bitcoin's turnover belongs to only 3 countries - South Korea, Japan and Vietnam(yes!) You must list countries to limit the turnover of funds in the country, and it is really problematic for people to buy an even dollar. They transfer their capital (dongs, yens, wons) to the cryptocurrency, in order to be able to not depend on the country's economy.
When rumors appeared a possible crypto-currency ban in South Korea, as well as on the new law, which obliges large miner pools to move out of China - the market reacted instantly.
Following the bitcoin, many altcoins dropped too and, of course, his forks. This phenomenon calls correlation. So this is nothing more than the actual dependencies of the main altcoins and forks from Bitcoin.
New players come on Bitcoin market - institutional traders who had long planned to enter on short, because they did not see any fundamental strength or significance in Bitcoin as a currency or Bitcoin Network as a payment system.
80% of Bitcoin's turnover belongs to only 3 countries - South Korea, Japan and Vietnam(yes!) You must list countries to limit the turnover of funds in the country, and it is really problematic for people to buy an even dollar. They transfer their capital (dongs, yens, wons) to the cryptocurrency, in order to be able to not depend on the country's economy.
When rumors appeared a possible crypto-currency ban in South Korea, as well as on the new law, which obliges large miner pools to move out of China - the market reacted instantly.
Following the bitcoin, many altcoins dropped too and, of course, his forks. This phenomenon calls correlation. So this is nothing more than the actual dependencies of the main altcoins and forks from Bitcoin.
There are so many negative news i think that caused the fall of price of bitcoin. Some users are losing interest in bitcoin because of some negative market predictions made by so called experts and analyst.
That's probably the negative news the media are spreading about bitcoin. But i think it is normal for the price to go down since the market is volatile. The value is unstable.
Negative news that are pushing the investors to sell their bitcoin. Price downs are expected to make the market balance, it's unusual if there are no downs. Negative news + profit going out of the market are some few reasons why the market is falling but it's up for today.
That's probably the negative news the media are spreading about bitcoin. But i think it is normal for the price to go down since the market is volatile. The value is unstable.
The reason behind the sudden decline of btc is:
1. Do not trust the Altcoin projects:
For almost every electronic currency is hot now, some skeptics point out the flaws in technology, or the lack of a product. For some people, having altcoin does not mean anything other than speculation for a quick profit. Therefore, the altcoin may not grow forever, unless a strong community holds assets and is not easy to sell.
2. The influence of different trader communities:
Inflation around a coin affects trading across different communities. Asian and American investors may prefer different assets. At the same time, a decline in a market can affect all other markets.
1. Do not trust the Altcoin projects:
For almost every electronic currency is hot now, some skeptics point out the flaws in technology, or the lack of a product. For some people, having altcoin does not mean anything other than speculation for a quick profit. Therefore, the altcoin may not grow forever, unless a strong community holds assets and is not easy to sell.
2. The influence of different trader communities:
Inflation around a coin affects trading across different communities. Asian and American investors may prefer different assets. At the same time, a decline in a market can affect all other markets.
FUD, negative news and regulations by different countries are part of the downtrend of cryptocurrencies but the real reason of cryptocurrency constant fall remains unknown to the public as all analysis by experts is not working on cryptocurrencies these days.
The ups and downs are due to the sharks and those who hold the majority of the capital of the market, the FUD is only part of it.
There are many reasons to falling bitcoin.the fundamental truth of the market depends on ups & down prices of everything. when the market goes down, different types of rumours also effect on bitcoin. one more thing the hackers are also responsible for that.but l think it will be come back with more power shortly.
I don't know what is the reason of this fall, there is no negative news about cryptocurrency maybe they are just panic selling they think that bitcoin will never go up.
Honestly, I have no idea as to why bitcoin is falling massively but per my analysis, I think the low demand in bitcoin and also, the critics that bitcoin has received for some time now has caused the fall in bitcoin value.
Anyone knows the reason behind this sudden fall i listen some fud from Vietnam anything else going on
When moon ? 😢
When moon ? 😢
If I give You a reason, You tell, itś FUD again. BTC is a financial scheme, soon to collapse.
I do not know exactly what makes bitcoin fall now, maybe it's because there's an exchange that got hacked recently ,, for now it's better to be patient and wait and hold the assets we have, because any decrease there will be an increase.
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