Topic: WHY THE SUDDEN FALL IN BITCOIN PRICE? - page 4. (Read 572 times)

Have you noticed bitcoin's pump last december?  I am sure you did. It only lasted for several days when it reached its peak and eventually it got worse and worse. After that pump, many users have sold their bitcoins resulting to the tremendous downfall of bitcoin's price.When many people keep selling their bitcoins, the result will be like that but when people bought bitcoins, the result will be the other way round.

I think it might be any reason that makes bitcoin price is fall. we know that the news makes people panic and they sell their bitcoin with instant because they don't want to see their money is loose. maybe the whales make something that will push the price is down like in a few days ago. but I think the most reason why the bitcoin price is down is that people become panic after they read the news and they want to save their money first.

yawn,   You should be used to these strong corrections by now.  I've seen coins rebound from 90 percent losses before so this is nothing to worry about.

Maybe because the trend went down and it will soon stabilize. Or the demand is not that high against the supply.

Simply shark bad news comes up, incorporating additional bans from countries to undermine Bitcoin prices. This is probably the time when sharks collect large amounts of Bitcoin.

I know some simple causes why bitcoin was getting this low this months because of negative feedbacks from around the world and spreading it in the internet was no hard feat so it was simple to turn people on the bad side of it because of the trend on online jobs and online scamming since there tons of it bitcoin was no exception from this foolish judgement.

if indeed this is the main purpose of what so they do like this and if indeed they have managed to continue what will they do next? this is just an unreasonable scenario if it should take the price of all coins other than btc and eth.

Well the big whales has nothing to do about it this time as per review of the experts they say that everything is just a normal that only the holders make a normal selling but it create a panic among other holders causing domino epic to the Altcoins too and the second reason was Coinrail hack in South Korea in which it makes the Korean Bitcoin enthusiast to do a panic selling too. Here is the news link for your reference https://www.ccn.com/cryptocurrency-market-falls-25-billion-overnight-as-bitcoin-drops-6-factors-and-trends/.

Yes it maybe caused by the whales but I see this as a sign for the bump in the bitcoin price soon so this is chance for us to get the bitcoin at the discounted rate,just make everything positive for us so try to apply the same strategy of whales here and the profits maybe less according to how much we are investing.

Most likely, the rich whales decided to buy themselves bitcoins with a big discount and collapsed the price. We should wait.

i am totally agree with your Bear scenario because it's what we are seeing right now and i do not agree with your bullish scenario.
as we can see Bitcoin did this many times before and some people claimed it's a bullish sign,
but do not forget about the fact that it does not have any volume at all,that means even though it formed a triple bottom it won't change the sentiment and demand.
(for me this kind of view is not valid any longer).
the only thing that we have currently is HOPE nothing more than that,Bitcoin is on SUPER BEAR and it won't change until a year time.
at best we will see it move sideways

TL: DR Market manipulation of big sell-offs on Bitfinex and leveraged insider trading rumors on Bitmex.. long story short... any position right now is just gambling.. and definitely avoid leveraged positions.

The Bear Scenario: The bart candles (looks like Bart Simpson's head) are signs of extremely low volume and easy manipulation.  On Bitfinex you can see that most volume is happening on 1 or 5 min candles and its just massive sell-offs and lack of enthusiasm with it being bought up.  We need more liquidity from something like an ETF announcement so that whales cant so easily decide the price.  I'm not convinced the capitulation is over yet either.. since sell-side volume wasn't met by buy-side volume, we could see another or round or two.  Be careful of opening longs or shorts right now, especially on leverage.. bitmex is swirling with rumors of insider trading involving high-frequency trading bots on very low latency trading against the market with its client's stop limit information.   Careful out there of falling daggers... its impossible to predict the bottom since it will likely continue until there equals more buy volume buying the dip... Below 6k although unlikely is technically possible.

The Bullish Scenario.. we create a triple bottom here and break out of this annoying never ending wedge pattern, we peak some more volume interest and we miraculously get some news like bitcoin ETF being approved.  We break above 9000 USD and enter a new alt cycle.

I'm more bearish than bullish, but I'm definitely happy to break down out of this wedge pattern, trading has been predictable and boring (atleast on the trend) and looking to mix it up with some newer opportunities.

Stay safe, take calculated risks, and hopefully the bull market is right around the corner, good luck!

I have been wondering what could be the possible causes  of the sudden fall in the price of bitcoin and the altcoins.I know from experience that it will surely rise again but I wish to know the possible causes of the fall in prices.