Why Bitcoin prices dropped so low a few days ago؟ - page 4.

Oasisman

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Quote from: cryp24x on December 24, 2019, 01:41:35 AM

Upon reading your post, I am expecting that you will reveal the reason why but I think you forgot to inclue it on your post. As for me, if you are really exposed and well-versed to Bitcoin and Cryptocurrency you will all say its the volatility which have so many factors. One factor of these are when the whales decided to control the market.

Whales or big players didn't have full control over the market, what they can actually do is to pull or push the prices a little bit with their massive sellout or buyout, and that usually accompanied by some news that might affect the market sentiments. If people will buy the news, then that would be the time the market would react depends on the retail investor's activity.
There were no certain reason why the prices are going up and down other than the supply and demand in the market.

cryp24x

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Upon reading your post, I am expecting that you will reveal the reason why but I think you forgot to inclue it on your post. As for me, if you are really exposed and well-versed to Bitcoin and Cryptocurrency you will all say its the volatility which have so many factors. One factor of these are when the whales decided to control the market.

mk4

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Quote from: kawetsriyanto on December 23, 2019, 06:56:51 PM

Quote from: mk4 on December 23, 2019, 01:09:46 PM

Because people sold bitcoin. And because of the law of supply and demand, the price dropped.

We must find something unusual that may cause a decline. For example, people doubt about halving, then they sell Bitcoins or they need much money for Christmas/new year/long holidays. Full-time traders may sell many of their Bitcoins because of those reasons.

You can speculate, but you can't know things for sure anyway. Because how can you know for sure? Are we going to ask every single seller in the world why they sold? Hence most of the time it's a complete waste of time.

Quote from: kawetsriyanto on December 23, 2019, 06:56:51 PM

Quote from: mk4 on December 23, 2019, 01:09:46 PM

Don't try to make theories

I assume most people have no intention to make own theories. They just try to guess the reasons even if they don't really know about it. Cheesy

That's pretty much the same thing lol.

Quote from: maxreish on December 23, 2019, 08:36:27 PM

I do not underdtand why there are still members asking all over again about the price drops of bitcoin.

People love to fomo/panic sell I guess.

pakhitheboss

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Few whales decided to sell Bitcoin in order to create panic.

Small investors started panicking and they started selling their Bitcoin.

Whales knew this would happen, so they again invested into Bitcoin at a discounted price.

This is how whales trade and make profits.

This is one of the reason why Bitcoin price went down.

maxreish

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Quote from: CaVO32 on December 23, 2019, 08:20:20 PM

Quote from: mk4 on December 23, 2019, 01:09:46 PM

Because people sold bitcoin. And because of the law of supply and demand, the price dropped. That's it. Don't try to make theories whereas there's really no way to confirm if it's true or not in the first place.

right on point! if you will try to reason out on what have had happened, it will be a headache and you will find out that there's no accurate answer. everything is only speculation and no one can really pinpoint the reasons behind it.

I do not underdtand why there are still members asking all over again about the price drops of bitcoin. Since we all know that we are in crypto space where volatility stays. The price of bitcoin depends on the supply and demand. At some point good and bad news can also somehow affect the price if you can notice about it.

CaVO32

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Quote from: mk4 on December 23, 2019, 01:09:46 PM

Because people sold bitcoin. And because of the law of supply and demand, the price dropped. That's it. Don't try to make theories whereas there's really no way to confirm if it's true or not in the first place.

right on point! if you will try to reason out on what have had happened, it will be a headache and you will find out that there's no accurate answer. everything is only speculation and no one can really pinpoint the reasons behind it.

tsaroz

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Bitcoin's price always has been volatile and there are generally a sharp decline before a large rise.
It's called bear trap where large investors inaccurately signals that the market is going towards a downward trend while they use the moment to buy for cheap and have profit on a bull trend.

diahsw

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no one knows the reason guys, if there is any reason it is not really true, because from the beginning bitcoin is a fluctuating protection, sometimes it goes up and sometimes it goes down .. !!

CryptoBry

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Quote from: aliijaz12560 on December 23, 2019, 12:44:22 PM

Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

Every time Bitcoin is dropping or rising its price in the marketplace, people have this tendency to look for the possible reasons of such development. And of course, that is part of human nature. The latest "bearish" mood of Bitcoin resulted from the withering demand for it from the users and the traders and of course we might say that there can be some manipulations involved like we always heard anytime but that can be subject to a lot of debates and discussion yet nothing concrete can be arrived at. In other words, this is all about supply and demand but what are the things that influence it? Well, your guess is as good as mine. With Bitcoin, anything goes, anything can be the reason depending on which is one will stick and can be accepted by the many. As a very volatile asset, Bitcoin is always subjected to anything hopefully its very resiliency is tested by fire and arrows and it is still alive.

kawetsriyanto

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Quote from: mk4 on December 23, 2019, 01:09:46 PM

Because people sold bitcoin. And because of the law of supply and demand, the price dropped.

People trade their Bitcoin every day, right? Both in bearish and bullish, people sell their Bitcoins. We must find something unusual that may cause a decline. For example, people doubt about halving, then they sell Bitcoins or they need much money for Christmas/new year/long holidays. Full-time traders may sell many of their Bitcoins because of those reasons.

Quote from: mk4 on December 23, 2019, 01:09:46 PM

And because of the law of supply and demand, the price dropped.

Need more specific thing, I guess.

Quote from: mk4 on December 23, 2019, 01:09:46 PM

Don't try to make theories

I assume most people have no intention to make own theories. They just try to guess the reasons even if they don't really know about it. Cheesy

heidikim

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Quote from: Bim abk on December 23, 2019, 01:37:03 PM

in my view, it happens because people need a lot of money to spend on Christmas and also holidays later this year. so I think the price reduction could be due to that, the necessities of Christmas and also holidays make people withdraw their funds from bitcoin and this is common at a time like this, the need for reasons increases.

This idea doesn't make much sense. It was said that China is also celebrating New Year's Eve when Bitcoin experienced a major decline. : D People sold their Bitcoins because they were going to buy gifts. Never mind, this is not a very logical approach.

Bim abk

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in my view, it happens because people need a lot of money to spend on Christmas and also holidays later this year. so I think the price reduction could be due to that, the necessities of Christmas and also holidays make people withdraw their funds from bitcoin and this is common at a time like this, the need for reasons increases.

TinaK

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Quote from: aliijaz12560 on December 23, 2019, 12:44:22 PM

Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

Always many hidden reasons behind the bitcoin price bumping and dumping. We people are really looking for the exact reason for it. Sometime during go scam like exchange hacking vor something will make some big impact.
Other than that while you are looking bump big giants usually support it on adoption for it.

mk4

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Because people sold bitcoin. And because of the law of supply and demand, the price dropped. That's it. Don't try to make theories whereas there's really no way to confirm if it's true or not in the first place.

aliijaz12560

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Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

Topic: Why Bitcoin prices dropped so low a few days ago؟ - page 4. (Read 965 times)