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Topic: Why the bitcoin price goes down (Read 797 times)

full member
Activity: 630
Merit: 123
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February 04, 2018, 08:14:44 PM
That's very simple, Chinese happy new year coming. People just withdrawing BTC and change it to fiat, that's why.. So we just have to wait until 16 of February, the price will pump up to 20k USD/BTC. So no wories about that. People need money for the presents.
full member
Activity: 307
Merit: 100
February 04, 2018, 08:11:19 PM
no one know why bitcoin down everyday. but bitcoin down is factor depends on peoples activities. see previous year. every years month of January it down. see https://cointelegraph.com/news/bitcoins-early-2018-woes-written-in-the-stars-and-moon
sr. member
Activity: 328
Merit: 252
February 04, 2018, 07:50:26 PM
if the price were to "go back to normal" it would have to go somewhere between 2 and 4 000 max. that would be closer to normal than we are now.
member
Activity: 201
Merit: 10
Campaign Manager
February 04, 2018, 08:22:48 AM
This really made me sad. I do not know why but I'm just hoping that the price will get back normally again. This is very alarming but then again, I will just hold my Bitcoins hoping that its price would get higher again soonest.
full member
Activity: 212
Merit: 100
February 04, 2018, 08:18:59 AM
in this month price of bitcoin goes down , any one know reason for BTC price down 
If you look at some analysis you could predict that price can go down till like 8k if not slips a bit more, we have many new investors and who knows what kind of panic selling this can pull. On the other hand bitcoin and other cryptos are more of a speculative asstet as it is from now on, than real currency with real use although I am fairly confident this will change in future
full member
Activity: 347
Merit: 100
February 04, 2018, 08:17:34 AM
in this month price of bitcoin goes down , any one know reason for BTC price down 




No can predict when the price of bitcoin goes up or goes done it depends on it. When the price of it are going down you need to hold it for a long time because there's a chance that the price of it will be higher than you expect. Just like my friends did they hold their bitcoin and sell it when the price of it are higher.
newbie
Activity: 84
Merit: 0
February 04, 2018, 08:09:21 AM
in this month price of bitcoin goes down , any one know reason for BTC price down 
Bitcoin price is not regulated by banks or the governments, it is all demand and supply.if Bitcoin touched the highest price mark. Many people sold their accumulated Bitcoin is order to cash the profit, resulted in more Bitcoins in the market.so Supply increases but demand remains same, hence price went down.
full member
Activity: 350
Merit: 102
February 03, 2018, 07:09:46 AM
Law of demand and Supply. When many investors purchase coins it will definitely increase its price meaning high and demand. When many investors will sell it means the increase in supplies is higher than the demand for the coins. There are also many factors that influence such as the increase in sales of other altcoins that also reduce the demand for bitcoin because they buy more altcoins than bitcoin itself.
member
Activity: 308
Merit: 12
February 03, 2018, 06:25:53 AM
Corrections on bitcoin or other cryptocurrenct is normal. It occurs due to the changes on its supply and demand. Besides it only occur for a short time and price will still go back to normal. Sometimes corrections can be healthy to both investors and traders to avoid being too comfortable of their gains.

newbie
Activity: 113
Merit: 0
February 03, 2018, 05:34:04 AM
in this month price of bitcoin goes down , any one know reason for BTC price down 

Supply and demand. If the number of people selling Bitcoin relative to the number of people buying Bitcoin falls, then the price will fall.
full member
Activity: 952
Merit: 104
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February 03, 2018, 05:31:38 AM
There were just too many bad news for the crypto world on the media recently, coming from Asia... The intention of china to stop the mining, the supposed ban of crypto trading in South korea etc... People just started to get scared about bitcoin price going down and cashed out...

Basically this reasons you just mentioned are fud which makes people think twice before going to invest. Recently bitcoin price drops due to massive supply from people who panic selling their bitcoins. The best thing to do now is to hold our stock and wait for the market to hike up again.
member
Activity: 406
Merit: 11
February 03, 2018, 05:28:01 AM
in this month price of bitcoin goes down , any one know reason for BTC price down 
The dip maybe attributed to the concerns of increased cryptocurrency regulation to some countries including Facebook's ban on cryptocurrency ads. These creates fear on the cryptoshere and some of the people panic that lead to dumping of their crypto.
newbie
Activity: 132
Merit: 0
February 03, 2018, 05:17:20 AM
in this month price of bitcoin goes down , any one know reason for BTC price down 
Maybe thats the reason why the price of bitcoin goes down, Maybe its because some country banned bitcoin. Just like china. China has a big population who use bitcoin. Maybe thats a big factor why the price goes down and its affect the bitcoin community. Maybe also lots of investor widraw there investment in bitcoin. Thats why the price dropdown.
full member
Activity: 319
Merit: 100
February 03, 2018, 04:56:50 AM
in this month price of bitcoin goes down , any one know reason for BTC price down 
As you can see bitcoin starts to falldown because the bitcoin holders are now holding their bitcoin than the last few months that the bitcoin holders selling their bitcoin because they need money. But now because there is no upcoming occassion bitcoin holder holds their bitcoin.
newbie
Activity: 143
Merit: 0
February 03, 2018, 04:53:38 AM
Some countries are banning it, making it illegal and causes some investors to refuse taking the risk. Others sold their bitcoins in fear of its continous drop. China is attempting to ban its production.
full member
Activity: 658
Merit: 100
February 03, 2018, 01:57:32 AM
The reason for bitcoin drop prices is because more and more countries are banning bitcoin in different countries for some reason
and many more reasons that cause bitcoin drop prices
member
Activity: 392
Merit: 12
MINTER
February 03, 2018, 01:50:42 AM
In my opinion, the reason for Bitcoin is falling in price is that investors are monitoring the warnings of some regulators and increasing crackdowns on the virtual currency market in China.
newbie
Activity: 28
Merit: 0
February 03, 2018, 01:49:07 AM
CME, Futures and FUD are all contributing to the price right now. Not to mention that we had a huge rally in December also, looking at charts over the past few years we always see this type of action in jan - feb.

Agreed on this. Market Correction and Manipulation plays a big factor too.
newbie
Activity: 53
Merit: 0
February 03, 2018, 01:44:49 AM
Bitcoin prices go down because many people sell them. There are some rumors about the crypto market ban in south korea. But now we can buy bitcoin at a lower price.


in india also govt. take some action on traders
member
Activity: 266
Merit: 10
January 30, 2018, 11:25:41 AM
Bitcoin prices go down because many people sell them. There are some rumors about the crypto market ban in south korea. But now we can buy bitcoin at a lower price.
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