The drop in Bitcoin and Ether rates at the beginning of the year by 30% seems to fit into the overall picture of the development of cryptology. In previous years, in January the industry was also under the influence of correction. In the past three years in January, the market lost 38%, 40% and 29%.
The current drop in prices may well be due to the forecasts of the Wall Street analyst, who on CNBC TV predicted a drop in Bitcoin's rate by 70-90% this year.
Topic: Why bitcoin is going down this few weeks? (Read 802 times)
Everyone wants to make good money. Some people have more opportunities than others. Crypto market is manageable. A lot of big and smart money went in the past year. This year there will be even more. If everything falls, then in any case there will be growth. You have to be patient.
BTC is influenced by almost every news item, and in the past few weeks, many negative ones have accumulated.
In addition, the common view is that the market is always falling around the Chinese New Year. Hope this is over soon (after 16.02).
In addition, the common view is that the market is always falling around the Chinese New Year. Hope this is over soon (after 16.02).
Market dominance of btc is going down from 50% to 30%. The price of BTC is goin down because of slower Tx and expensive fees. But as lightinig network starts to fully implement, the price of btc will rise.
Current market as lot of FUD as well like Korea news, India FM news, China banning foreign exchanges >>>>all this creating a lot of panic hwich is making the market sell off, bloodbath. Also, I think the wall street mney is gearing in. They want to buy cheap.
This trend will continue till March mid. As the Lunar New year ends things will recover swiftly.
Remember in 2018 the market cap will touch 3 Trillion ; just imagine the amount of money to be made.
HODL!!!
Current market as lot of FUD as well like Korea news, India FM news, China banning foreign exchanges >>>>all this creating a lot of panic hwich is making the market sell off, bloodbath. Also, I think the wall street mney is gearing in. They want to buy cheap.
This trend will continue till March mid. As the Lunar New year ends things will recover swiftly.
Remember in 2018 the market cap will touch 3 Trillion ; just imagine the amount of money to be made.
HODL!!!
Just everyone is used to the fact that the rate is constantly growing. I have to ask you to try to stay calm, and it's important for everyone not to panic.After every sunset, there's always a sunrise.
I hope that today-tomorrow will be the day of the market's reversal. Can't wait until BTC drops to 4500 to cash in))) The price dropped very low and everyone who doubts the crypto has already sold their coins and left. In crypto there were only the most persistent and now the price will go up.
2. Some big big dudes want to enter the cryptomarket. They have to play bearish so that their depo would be bigger.
How can these "big dudes" play bearish if they still not on market yet? You saying that they are the ones creating FUD out there? Interesting.
Just everyone is used to the fact that the rate is constantly growing. I have to ask you to try to stay calm, and it's important for everyone not to panic.After every sunset, there's always a sunrise.
The price of bitcoin dropped by 6,600 dollars. I missed the prices in 2017. The market is crazy like a pit. Now what to do. Panic sale is the last option. We are experiencing abnormal days.
this situations is complicated for all cryptocurrency users,, weak hands will always sell their asset in panic sell attack
but the strong hands will always know, what should they do
Here is one possible scenario for the progress of further events of bitcoin. As can be seen from the graph correction may drag on for a year ... 
The price of bitcoin dropped by 6,600 dollars. I missed the prices in 2017. The market is crazy like a pit. Now what to do. Panic sale is the last option. We are experiencing abnormal days.
That is normal thing in business if there is a peak season and there is also a drought season not always is peak season even in a small fruit stand Christmas is their peak season, so let's wait until March maybe it will start a new day in btc and everything is gonna be okay.
The bitcoin course was too bloated, in my opinion, now he returned to normal. There is no panic, there have been such a number of times already, and certainly there will be more than once.
Yes it all went up like crazy, but if you believe in the fundamentals just wait and see. There is always bad and good news, when the market drops people will point to news items and say that is the reason, but never up front.
Everybody says that dropping rapidly of bitcoin price is normal. Maybe those news spreading all over crypto society causes everyone to sell their bitcoins so that the price goes down. Even other altcoins are affected. Looking forward for the third month of the year to bitcoin price rise again.
I found this recently that bitcoin is going down rapidly,
what would be the cause of this going down of BTC and how it would affect the crypto world.
what would be the cause of this going down of BTC and how it would affect the crypto world.
Bitcoin and all cryptocurrencies were so overvalued that it is really necessary now for them to be corrected. This process we see now. Telling the truth there is speculation on prices that are going down too.
I hope it will recover even if it still continue to have its own problems (very high cost x transactions and it's very slow with transactions).... but it's still the main coin so probably it will rise as usual it did before...
I do not know, but I was very impressed by this fall, but there was always a decline in my belief that it would still rise
After the Lunar New Year I think the market price will recover, and now is a good time to buy more coin 
Bitcoin is goin down this few weeks because in some country bitcoin stablity is going down and market has really effected with this and more investor are in a panic.So the demand of bitcoin is decresing but its fully posibility of bitcoin to come in real rate.
The bitcoin course was too bloated, in my opinion, now he returned to normal. There is no panic, there have been such a number of times already, and certainly there will be more than once.
bitcoin can not be controlled by anyone.
reduction of pure bitcoin prices from market demand.
we can only predict the price of bitcoin but can not be sure how the future bitcoin price.
reduction of pure bitcoin prices from market demand.
we can only predict the price of bitcoin but can not be sure how the future bitcoin price.
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