Why does the value of Bitcoin dramatically decrease?

PalindromemordnilaP

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Bitcoin needs to undergo correction to make it more better rather than advancing its market price without making any correction. And while that happens, more and more people are also starting to trade/sell their token holdings. That's how volatile bitcoin is where there is a sudden falldown or a sudden rise of its price.

Bardman

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Actually it's quite simple, no market ever moves in a straight line. It crashed just as fast as it rose. Bitcoin price dramatically increased, first because of the upcoming segwit2x fork and then because of greed. It always happens, everywhere. Whenever there is a big move the newbies jump in thinking they will miss their chance and eventually overbuy the stock/coin.

A lot of people are trying to find different reasons for the crash, there really isn't one clear reason apart from normal correction and ''normal'' fluctuations. Bitcoin is extremely volatile yet people seem to forget this fact. We have some resistance now at around 11k, if we break it convincingly then we are surely in a bullish market again and we will probably see bitcoin reach 15k again soon enough. If we can't break 11k then it could crash to 8k again and if that doesn't hold then we could see a lower low. Time will tell.

streazight

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Quote from: silent17 on February 13, 2018, 04:10:00 PM

Quote from: daarul50 on February 13, 2018, 03:40:20 PM

Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

The price of bitcoin on the market today is determined by bitcoin millionaires. This drastic decline is the act of the millionaires because they want the bitcoin prices to fall deeper so they can buy bitcoins at the cheapest price so they can benefit again when the millionaires are pumping. So, if you want to control the price movement of crypto then you must be one of the bitcoin millionaires in the world. Grin

I also think some of the millioners do this because they have the money to dump and buy a huge amount of bitcoin. I think they will buy a huge amount of bitcoin the suddenly they will dump it all at once. for them to gain more profit.

Who do you think have always been behind this? That is the reason they use their huge position, come together, play with the market when they feel like and make every weak hand suffer for it. I always believe that the market always end up getting strengthened after moments like this, so it is something we need once in a while to always get some sanity in the market.

Usafstar

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Now every thing of the crypto are changing the large holders when want to bring some change in the market they can through bitcoin transactions and now those who have bitcoin they are doing good outcome from this as if i give full time to bitcoin as a good bitcoin user ii would like to invest now in the altcoins and bitcoin and the future is bright So the bitcoin value decreases dramatically which reflects the people interest towards bitcoin and the crypto people were scared from the crypto and they were not interested in the crypto.

South Park

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Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

The price of bitcoin decreased dramatically because the price increased dramatically at first, this is just the way the price of bitcoin moves, there was a huge demand for bitcoin and then speculation began and this pushed the price upwards it was bubble and like any bubble it was going to burts at some point since it was impossible to maintain that value for a long time.

wuvdoll

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Quote from: grimesrhymes on February 13, 2018, 02:24:44 PM

In November/December we experienced some of the biggest growth we've seen in bitcoin and many would argue that it was not sustainable and a correction was due. I think we can attribute most of the initial fall to that, say from 20-13k.

After that we had a wave of mostly bad news, some true, some not:

- South Korea to effectively ban all cryptocurrencies (not true)
- China to limit access to all foreign cryptocurrency sites through their great firewall of China (not true)
- Facebook to ban all adverts on cryptocurrencies (true)
- Lloyds bank to stop accepting credit card payments for crypto transactions (true)
- India to ban cryptocurencies (not true)
- Senate hearing on cryptocurrencies (turned out to be positive but many feared it would not be)
- Chinese new year leading to much funds to be withdrawn from the market to fund expenses
- First round of futures contracts ended

I have probably missed many other things that happened in January because it really was a lot but this will give an idea. All of this leads to great FUD in the market and people sell low and whales take advantage of this to push the price lower so they can stock up.

Always like that and which most of them are spread just to make the weak hands suffer. At the end of it all, the percentage of the false news are always higher than the true ones, and before most of the panicking individuals may find out, it would have been very late. You even tried listing some of this, I just got tired at some point and stopped reading any news pertaining to crypto as they were just so pissing knowing some people are just bound to keep manipulating and making profit.

fulmetal08larz

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The possible reason I'm seeing why BTC value decreased dramatically is because the whales who have bought last year when the price was just around $1k or less who have currently gained a lot of profit sold most of their BTC at large volumes - this is the distribution stage in the market wherein those who have bought recently and joined the hype no matter the price, bought it from the whales at smaller volume but has larger quantity of buyers, causing the price to decrease due to panic selling of newcomers upon seeing the market going down - It's a domino effect for them.

Kevin77

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Quote from: LuvCyanide on February 13, 2018, 02:18:42 PM

Hi! Bitcoin is very well established in the past year. But not all major investors managed to buy it. It is reduced by all means. This is an opportunity to purchase. Very soon it will fly.

Well, that is another beautiful angle to look at it. It is dramatically decreasing because some people decided to play with the weakness of the greedy ones to drop the market and then make some profit off them which after they are done and no one else to go further, they end up starting another rally for profit. With the rate of FOMOs last year, I believe the dramatic decrease was expected.

Bitcoin DRAMATICALLY increases is the same way it decreases. As long as a rally is becoming too good to be true and you just keep seeing a non-stop ladder on the chart that is not leaning against any wall, then you should always expect a little bit of a fall, however, the strength of the market, always end up pulling it back anyway, which is what brings up the recovery phase.

Lopumbo

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bitcoin has no value or utility what-so-ever

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enjoy the magic tether-prices while they last

nl247

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Quote from: Denisliternyjj on February 13, 2018, 04:20:41 PM

The price of bitcoin has decreased in my opinion due to unreliable news ! than frightened holders of a coin!

Only those who are dumb enough to be frightened, ended up selling out of panic. I called them dumb because they decided to invest for the greedy reasons, have no idea about what lies in the market and then prefer to just dance to the direction the whales put them. They are more like a leather bag in a wind that can just be tossed around since they have no content in them. The true holders already know this since they have the knowledge and little things like this do not make them panic.

omonuyak

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Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

The value of bitcoin dramatically increase in about three months ago and that is why you also see dramatically decreased! What ever go up must come down and that is what you see happening. The price cannot consistent going up and vice visa and we should expect this to continue going on as far as this market remain. Many people think that bitcoin is going to continue going up and up until it get to the price that they want to sell before sell off but this is not possible as the price may get to were you what it to be and there will be no one to buy.

hase0278

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Activity: 882

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Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

That's just how Bitcoin is, going up and down rapidly for the demands for it also changes rapidly. People might want to buy bitcoin today but tomorrow people might want to sell their Bitcoin followed by many others. In short, Bitcoin dumps because users wanted to dump Bitcoin at that time. They do it for many other reasons and it will be hard to list it one by one.

1Referee

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It's funny how people constantly refer to bad news being the main reason the price went down, while in reality the market was heavily overbought, and was bound to go down from that point. If you take the important $20,000 barrier into consideration, and the fact that the future markets were the only reason the price went up that high, even a noob could see a massive correction coming up. CME opened it's platform where the first contracts were settled at $20,000, and down Bitcoin went directly after that. The bad news fud drama just made the market tank deeper than it would when correcting normally. It's not for nothing that these fud attacks always pop up once the market is in decline. It's a game that's being played here.

Firefox07

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There are so many reasons why bitcoin decrease dramatically. Some of this are many countries are banning it, fake news that create fears on the mind of many potential investor and i think there are a group of billionaires that are controlling the price of bitcoin.

Matildada

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Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

I think that's a lot of bad news about bitcoin. Of course, only part of the news is correct, and the rest is false. The real news doesn't have such a big impact on the price of bitcoin. Now the price of bitcoin is being controlled by the bitcoin millionaire. In order to get the profits they had, they deliberately spread rumors, causing panic that led to the selling of bitcoin, and when the price of bitcoin fell, they bought it at a lower price.

esa2782

newbie

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Merit: 0

many reasons, for example governments that banned bitcoins will make some people worry and decided to sell their bitcoins, another one is the restriction of bitcoin by government also another reason, but the main issue i think because of the trading of bitcoins, buy and sell, high demand high value, low demand low value

Equity0924

newbie

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Bitcoins value today is decreasing and I think it is the best time to buy and then hold until it goes 3 to 4 or more times higher price. I think the problem is the amount of people who want to invest on bitcoin.

darkangel11

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Don't let others control your BTC -> self custody

There are numerous reasons. Starting from the purely economic ones like lack of fresh money, and when there's not enough to push the price forward it tends to retrace and retest the previous points of support, through the political ones like the problems of miners in China, and ending with FUD news, like the fake ban in Korea.
Don't worry about it, we are still much higher than a year ago. If we ever go below $3000 you will have a reason to be worried. Wink

joeydangerous

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Quote from: Denisliternyjj on February 13, 2018, 04:20:41 PM

The price of bitcoin has decreased in my opinion due to unreliable news ! than frightened holders of a coin!

The investors that sold their coins are already regretting it if they sold their coins in the $6,900 price.

DPrillio

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Quote from: silent17 on February 13, 2018, 04:10:00 PM

Quote from: daarul50 on February 13, 2018, 03:40:20 PM

Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

The price of bitcoin on the market today is determined by bitcoin millionaires. This drastic decline is the act of the millionaires because they want the bitcoin prices to fall deeper so they can buy bitcoins at the cheapest price so they can benefit again when the millionaires are pumping. So, if you want to control the price movement of crypto then you must be one of the bitcoin millionaires in the world. Grin

I also think some of the millioners do this because they have the money to dump and buy a huge amount of bitcoin. I think they will buy a huge amount of bitcoin the suddenly they will dump it all at once. for them to gain more profit.

So it mean to say that the drastic decrease of bitcoin value is because there is a market manipulation? maybe that's possible because i believe if there are many selling than buying the value of a specific thing will decrease. There are many speculations for the causes of lowering bitcoin's value and one thing im sure and that is because there are more supply than the demand.

Eureka_07

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Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

There are some factors that contribute to the dramatically decrease of the bitcoin price. One of it is what happened last year, holidays, the holders sell their bitcoins ofcourse to provide their needs for that holiday so that affects the value of bitcoin now in 2018. Next, I think banning of bitcoin in some countries can also have an impact on the value of bitcoin in the market.

Denisliternyjj

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The price of bitcoin has decreased in my opinion due to unreliable news ! than frightened holders of a coin!

Brik03

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The value of the bitcoin varies according to many things ... even a false information about it is enough to make people start to no longer believe in its value.

silent17

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Quote from: daarul50 on February 13, 2018, 03:40:20 PM

Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

The price of bitcoin on the market today is determined by bitcoin millionaires. This drastic decline is the act of the millionaires because they want the bitcoin prices to fall deeper so they can buy bitcoins at the cheapest price so they can benefit again when the millionaires are pumping. So, if you want to control the price movement of crypto then you must be one of the bitcoin millionaires in the world. Grin

I also think some of the millioners do this because they have the money to dump and buy a huge amount of bitcoin. I think they will buy a huge amount of bitcoin the suddenly they will dump it all at once. for them to gain more profit.

daarul50

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Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

The price of bitcoin on the market today is determined by bitcoin millionaires. This drastic decline is the act of the millionaires because they want the bitcoin prices to fall deeper so they can buy bitcoins at the cheapest price so they can benefit again when the millionaires are pumping. So, if you want to control the price movement of crypto then you must be one of the bitcoin millionaires in the world. Grin

grimesrhymes

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In November/December we experienced some of the biggest growth we've seen in bitcoin and many would argue that it was not sustainable and a correction was due. I think we can attribute most of the initial fall to that, say from 20-13k.

After that we had a wave of mostly bad news, some true, some not:

- South Korea to effectively ban all cryptocurrencies (not true)
- China to limit access to all foreign cryptocurrency sites through their great firewall of China (not true)
- Facebook to ban all adverts on cryptocurrencies (true)
- Lloyds bank to stop accepting credit card payments for crypto transactions (true)
- India to ban cryptocurencies (not true)
- Senate hearing on cryptocurrencies (turned out to be positive but many feared it would not be)
- Chinese new year leading to much funds to be withdrawn from the market to fund expenses
- First round of futures contracts ended

I have probably missed many other things that happened in January because it really was a lot but this will give an idea. All of this leads to great FUD in the market and people sell low and whales take advantage of this to push the price lower so they can stock up.

LuvCyanide

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Hi! Bitcoin is very well established in the past year. But not all major investors managed to buy it. It is reduced by all means. This is an opportunity to purchase. Very soon it will fly.

odolvlobo

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This will explain it: https://en.wikipedia.org/wiki/Economic_bubble

raiangelah

newbie

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Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

Topic: Why does the value of Bitcoin dramatically decrease? (Read 199 times)