Topic: Why BTC is down again? - page 10. (Read 1432 times)

The price drop of btc is normal because bitcoin price unstable from the time that it was created. That is one of the main characteristic of bitcoin,  the price can't be controlled by anyone.

Now BTC is really down drastically, I also find out, what really happened
It is observed by everyone who is currently investors pressing prices, by making negative news about bitcoin
and after this for sure, will be pumped, maybe 3-4 months away, I am very sure
and this is the right time to buy

we don't know What is the main reason of decreasing btc price. But i think positively it can recover soon. Even at present most of the coins are down. So many trader selling those coins in low price. I think the coin market will recover soon and going to be normal. Thanks...

I don't know for sure what happens to the price of the bitcoin. seems a lot of the bitcoin owner getting panic and choose to sell their bitcoin, or is there some sort of manipulation that makes the price go down.

Whales taking advantage of the recent increase and then here we are and just wait for it.
Soon it will come back to a 20k dollars price.
They will be buying again after they have already taken the profit.
Now they can double the bitcoin that they can have or maybe more.

I just have this thought. Where did they put all those money and how did they get out with a large amount. It will be interesting to know if there is someone who could reveal it.
We all know it is not that easy to get out holding that large amount.

keep in mind, that any increase in prices will find a decline in prices as well. this shows that trade is balanced. of course some users experience panic because they do not learn from history. there are some patterns if we glance backward.

This is the result of all the FUD spread by some people, banks and Governments, in order to bring cryptocurrencies down. Investors fear possible regulations, especially in Asia. Many people sell because they heard about Korea and China planning to regulate exchanges. That's why the price declines to $7500 today.

The reason for the arrival of the Bitquin to this price is that most traders have bought Bitquin for quick profit and not to use, which led to the rise and then the fears of traders and then sell

A lot of good explanations here, I also think it's mainly the long sequence of bad news which pushed Bitcoin into a bear market, the emotions are currently dominated more by fear than greed. In this climate people get more nervous when new stories about restrictions or regulations get out. I see this when talking to peers, the face expressions have changed. But keep in mind that Bitcoin has corrected about 5 times by 80% in the recent years, so this seems "just" to be number 6. Also the time of the year is very susceptible for dips as institutional investor taking profits. It's a combination of all these factors I would say.

IMO the decline is a result of a bulk of negative press. We all know that press is what drives the speculative investors and when bad news are going on they get scared and run away. And BTC without a doubt has a BUNCH of these kind of investors going around. So this what IMO caused this decline.

in my opinion, Bitcoin price falls down so much today because there is one news that the Indian government is considering to ban Bitcoin. I think that it is just a scam such as South Korea banning Bitcoin

the main resonse is many country banned bitcoin in there country and some of nagitive truste in bitcoin.bitcoin price will be pump again i think ,thank you.

Look here: Facebook banned all information about Bitcoin and crypto, Instagram will also not post it. India restricted people dealing with Bitcoins, South Korea said about huge taxes for operations with this currency, China also…All these things lead to the price fall.

I think the Chinese New Year is responsible for this down this time. We all know the price or value was down in the last two months of last year. And I believed Christmas and New Year were the reason behind it. For the same reason, I think the Chinese New Year is possibly the main reason behind this fall. We gotta say, China is a big country with a big population.

BTC is down again for two very obvious reasons:
1) newbies should panic and sell;
2) and whales plan to buy on dips.

I think this sums it up. Bigger players manipulate the market in the direction that favors them, this triggers panic selling by those that bought during rise.

Its a very familiar pattern for crypto, and one we will most likely see often in the coming months and years.

Bitcoin has a history of crashing and recovering even stronger, just hold and wait.

Friends,

There's just too much B.S. floating around these days about trying to explain the price drop with this FUD or that FUD or whatever.

Take a step back, learn a thing or two from the stock market and the bubbles from the 80s, 90s and 00s. Very hard to predict or pinpoint specific reasons, like some of you are trying to do. Easier to look at this from a 60,000 ft level and realize a few basic things...

The sudden EXPLOSION of the price was text book bubble territory.

Now we see a gradual decline as people want to cash out until we hit a proper resistance.

But guess what: there are so many winners out there who bought at or slightly above $1K... and still plenty of early adopters ("whales") from pre-2017 who bought or mined well below $1K. All of them: big winners still! Even if prices drop to, hold your breath, $2K... you'd still have DOUBLED your money in just 1 year's time. NO OTHER INVESTMENT sees profits like this!

So think of these people cashing out now as HUGE WINNERS and the parabolic rise and subsequent gradual (albeit steep) decline makes perfect sense.

And no one can really say when it's over, as there is still so much room left to bottom out, all the way to around $1K.

Doesn't have to happen if enough people get enthusiastic again, and start buying... But remember this: there is a gigantic pool of WINNERS... BIG WINNERS... all the way down to $1K prices.

Cheers!

BTC has dropped below the $8,000 mark for the first time since November, amid suggestions that bitcoin mania is now over.
The slumping price is a long way from the nearly $20,000 mark that it was trading at in its heights in December. The rapid plunge means that it is down nearly 17% over the last day and 46% in the last month.
The beginning of 2018 has seen a number of negative records for bitcoin's performance, and the latest slump marks the first time that bitcoin has fallen underneath $9,000.

BTC is quite sensitive and has a big influence from bad news.
When that happens, and many people get panic and start selling.
Now is the same, but I hope that this will change soon.

it really hurt me when I saw altcoin prices fall like this, even before I was so excited when I saw my blockfolio, but now I'm even scared when I see my blockfolio, hopefully altcoin prices will come back up again