Bitcoin Forum

Who can please explain to me why Bitcoins price is dropping and going up steadily?


I am an expert in Bitcoins, but don't know how to know foresight of Bitcoin price

Can anyone explain?

Demands, speculations, news, hype etc. These are some of the basic factors why bitcoin price fluctuates. Explaining all factors will required lots of typings. There's a Google for that.

Knowing the future bitcoin price is not possible. Just be sure to hold some and have a cup of coffee somewhere while waiting for the bitcoin price reached your preferred target price. All successful traders not see the future price but rather take the risk of investing based on their own analysis.

It's a temporary chaindrop, but it will soon go up again :)
It's just the question... How much will it drop before it will rise again?

Just looking at the charts from morning and waiting to see how long this market continue to be on the red side,the price went down below $2000 in some exchanges but it recovered pretty soon and it is not trading above $2k,will wait for some time and will make a decision on whether to enter bitcoin at this point.

Am using coins desk chart, what chart are you using

It has dropped enough and I think starting from now , this very moment and up to next week I think the bitcoin price will surprise us all. I don't understand too the reason of why the price falls except maybe it is a correction of price. Normally it should be above 2000 dollars because of Japan who accepted it legally and even offering bitcoin ATM-s in big trading malls where people can buy with bitcoin.

If you are claiming to be an expert in bitcoin but can't really phantom the reason or reasons why there is upward or downward trend in the price of bitcoin then I doubt your expertise. I am not surprised about the fall because I know that it will happen and being in bitcoin long enough has taught me that. Forces beyond demand and supply are at play here and even more qualitative than quantitative.

I prefer to apply my analysis mainly based on fundamentals, but sometimes technical analysis are very effective. It's hard to explain, but I think it has something to do with the market cycles.

You can't understand

Well, it is near the end of May.   ::)

I'm guessing there was too much hype for the amount of skepticism surrounding Bitcoin, so BTC (and subsequently, every single other altcoin now) is going to face a correction.

Stay steady. This is normal. The price will face headwinds and then rise back up again - probably sooner than later.

mr Miagi says
speculation like painting fence, .. up.. down... up.. down
https://i.ytimg.com/vi/R37pbIySnjg/hqdefault.jpg

I guess this price dump is caused because of the ransome attack many of the traders and other services has stoped for sometime and that gap is being focused right now. for me its just another good time too  make some more money as when the market will regain its loss and go up it will take my balance with it.

Or maybe, because of the old members here who are saving their bitcoin for almost 7 years amd waiting for a good price until these week it reaches their goal proce and sold them, it is quite obvious. Who would never sell their bitcoin at that price especially when it has a big profit. Though now is the time, to buy and wait for another $2.7K price pump.

I personally think that i was predictable that it will drop..

as goinmerry said: Demands, speculations, news, hype etc.

But new that we have dropped a little we will go back to 3k for sure :)

The old coin holders decided to cash out their coins for cash. There was not that much information on the news about the real reason why the price of Bitcoin was going up, the price could’ve been manipulated by some kind of bot or someone with a bunch of fiat/Bitcoin. Since people started to dump the coin it might’ve started a panic and then the price began to decline from that point on. I think the price will go up later on, the price will dump short term.

Bitcoins price is fluctuation ( droped and going up) because there are demand and supply
on every markets​ around the world, usually if the users needs money they will sell the bitcoins
and if they will makes saving the money in bitcoins they will buy bitcoins.

First of all if it gors down and up, it's not steady. Well regarding on the volitality, no one knows what happen inside the market but only whales who are taking advantage of newbie traders.

Wait, you are proclaiming that you are an expert in bitcoin and you are looking for an answer why the price is dropping? Well I'm not an expert in bitcoin but base on those experts that are giving their insight with this happening, its because of the correction and also the normal supply and demand, many are selling so the demand is becoming low that makes the price lower.

I believe by monday bitcoin can recover a bit of the current lost, i did say it crashed badly to 1500 dollars on the last 24 hours, this is very easy whales sold high, and stop buying, asia market closed and new investors will be back on monday. Those two reasons might be the cause, soo the whales stop buying and set their orders to buy more bitcoins with the profit they made, the new investors will back monday again. There is no expert over crypto, because anything might impulse as well damage any coin.

DOES NOT COMPUTE.

If you're such an expert on bitcoin you should know how volatile it is and to just fasten your seatbelt.  No one here is going to be able to explain every price movement.  They may try, but you're a fool if you listen to them.  Also, work on your english.  It's atrocious.

It's called price discovery and it's a beautiful thing.   There are very few markets/asset classes these days that are not manipulated or dominated by big banks and central banks,  Blockchain is one of them.  Enjoy the volatility.

Price of bitcoin dropping is just consolidation it is very normal for price to embark   on correction mode, this is based on technical analysis of the candlestick pattern formed I am very sure the price will be bullish in few days to come meaning it will rise. Buyer should keep on buying now.

Arrggghhhh I lost my balls. I'm down to 30% crypto. Marc I admire your bravery still in at 70%. Bitcoin is all over the mainstream news which is concerning. Part of me just wants this bubble to burst. I'm mentally exhausted

technical analysis is really helped for traders because they can see and make their analysis based on this technical and they can make their order buy with precisely and without any problem at all. this time i am sure that many people will buy bitcoin because the price is more cheap than yesterday so they can buy in large amount if they have big money. i think this it their opportunity to buy right now because i guess that in the future, they will not see this price again except if there is any dump with the price.

I hope bitcoin price will recover again. Today the price dump and it will back again at 2000 dollars only. I think many people sell their bitcoin because they now afraid because many news the bitcoin price will crash anytime will happen. But I still believe in bitcoin they can recover even the price last few days its very high compared to the price today it is also high. Wait many projects , and many big investor for sure will invest to the bitcoin soon. So its better if you buy bitcoin and hold to make a lot of profit.

At this point of unexpected volatility it is really hard to understand these huge movements in the bitcoin price that are making the work of traders something similar to a roller coaster.

Past year, in May, the bitcoin price was very, very stable and it was moving in a tight range of few dollars (450-550), and no one could predict this current level of price.

But I am convinced that speculators have a lot to do with this bubble, though I really want to be wrong and hope this $2000 mark become the new support level.

Speculators now has been challenged of this situations and their opportunity of having higher dumps from a price bubble will not be as good as they've been expecting to do. The bitcoin dropplig price did a greater impact of quick buying decisions that every investors that hopes a cheaper price compared from over $2000 dollar price increase at rapid encriment. That's why bitcoin price corrections will certainly took over the scenario of previous price bubble.

It's either of two things: a healthy correction or a start of a bitter downfall. But as I see it, support on the $1800 seem to be strong upon further checking in exchanges. Strong support is indicative of a potential bull run ahead. Idk but somehow I'm inclined to buy some bitcoins first than regret it later—again.

is crashing because everyone says it's crashing thus making people panic sell and making it crash

Bitcoins have dropped in price because there has been a price correction.There is no need to worry about it .It is the best time for you to buy as much bitcoins as possible,and sell it when the price of bitcoins reach 3000$ which i guess would reach by september.

Dude, you need to chill a bit.  Take out of bitcoin what you want to reward yourself with - dump the rest in with a "do not care" attitude. 

If you are an expert of bitcoin why your rank is still newbie, but why not I try to explain a bit about this, something like this called bitcoin the price fluctuates (always changing), this change is determined by bitcoin users in the market, so nothing Can predict what bitcoin price will be like, but if you just want to know where the bitcoin price trend can be seen from the graph of MACD

Bitcoin had skyrocketed in the last few weeks without a clear reason, so it was very likely that there would be a correction.

We're still above the record price of what, two weeks ago ? So basically we're still at a historically high price. Although the price seems stabilized or even going up again, I wouldn't be surprised if there was another drop.

We are seeing a slow upward trajectory again. We might have hit the bottom already on this run. $2k seems to be the floor. We could be heading towards a stable period now before the next big storm. Next week will be very interesting.

This is due to the demand , that get down .
From one week I didn't see the price rate chart at the international market because the price was much higher in my country because the demand speedly increases .
But 1 day ago a news came for the Bitcoin , that government will take action against the zebpay wallet ( where all the Indians can make buy sell of Thier Bitcoin easily ) for the all history and future transactions  .
This made the users of the Bitcoin in India worrying much about the future with the Bitcoin .
So due to this the demand of the Bitcoin goes down  and people selling their Bitcoin speedly to leave Bitcoin until a good news came for the Bitcoin use rule in India .

Maybe bitcoin heard our cries that most of us were not able to purchase it at 2000$ when price reached 2600$ so it decided to just fall so that it can increase it's market cap and people are also happy.
This is actually happening maybe because people saw a good profit and when the price slowly fell many understood and started selling and because of thisnthe trend continued.

It is shocking about the drop which is big time in just a day and about the rise it is getting slow but steady.
All of this I think just came from the buying and selling part of bitcoin holders.
There might be someone who can identify to which it will go and they are really getting a lot of profit from the sell part 3 days ago then now they are purchasing bitcoin again.

well since that this is an speculation thread i wonder maybe its just a big whales who shaking the price as we seen how they pushed the price up and let newcomers to purchased the coins and then drop it down up to this level and wait for the weak holders to sell it out and then grab everything and just repeating the same old process. better to think twice before falling to this.

I think the price is only a temporary drop bitcoin it, will ultimately be very normal for a price correction mode, this is based on technical analysis at and I am very sure the price will be back in a few days will be increased, the buyer should determine to continue to buy now.

The price is already going up. I think we have reached the short term bottom. The next stop is above $3000.

Definitely, it was a very short crash and not a reversal to a bear trend as happened during the last major crash.

No one has foresight in the prices of anything else they would be the richest people on earth. There are always corrections and sometimes big crashes that turn bull runs to a bear run, I believe what we have seen now is just a short term correction and btc will pump again soon.

calm yo tits , its normal btc got dumped yesterday because china also had big crash on its market , my prediction on next week or month probably will go up again maybe on 2500 ? we dont know but hey lets be positive , anything can happen if you got optimism  ;D

Dumping has slowed down and could be over in the next couple of days. Maybe a lot of users has panic and sell their bitcoin. You can't blame them, seeing the dip from $2700 to sub $2000 is really scary. But just be calm and soon we will back and the price can go up to $3000.

whenever price goes up like this in a fast move and with a big rise, the resistance becomes slim. so when the fist sells start price goes down easily and since we still have a lot of sheep newbies who will panic sell, it drops big time.

but since there is still so much more people who want to buy bitcoin price comes back up and doesn't go below certain resistance like $1900 one. and also all the sheep will come back now in a couple of days after they realize their mistakes and price will go up again.

Nobody can really know when will bitcoin price gonna go up or down because of it's unpredictable fluctuation, but that movement is base on the demands, popularity, good and bad news about bitcoin and a sudden dumping of most people have a great deal in the movement of bitcoin, if you would want a detail forecast about the movement, you can search GOOGLE for it or watch Youtube so you can see detailed forecasting about what would happen if bitcoin hits this and hit that, but for me patiently waiting for the price and put a certain target price that you want to attain and Relax because even if the price drop it would surely comes back up in no time.

maybe its because supply and demand in the market that makes the price is dropping into deep or many people that join into bitcoin industry and they are buying bitcoin because they think that bitcoin is really worth now. i think there is many possibilities that could cause bitcoin price is dropping like now and we can only waiting the price is back soon. since you are an expert in bitcoin, i think you can search with easy about this and you can found many thing that might be triggered bitcoin price is dropping.

It for entirely not true, That's a little bullish trap. Too many people in the subreddit of bitcoin were talking about the bull trap of bitcoin but it looks like already happened last night.

The bearish trend is the matter of time. No one can be predicted when is the bear will come, And the more trap will fool a lot of the newbies.

We had passed the major crash yesterday.

Even with these bull traps, I still believe bitcoin will have a bull in steroid this following weeks.  There is no bad news that is  currently circulating in the market unless I am missing something.  Almost all the news I read about Bitcoin is positive and may cause hype that will make bitcoin price into uptrend again.  Russia, Australia, South Korea, India, Pakistan and smart contract this June, some lights on bitcoin scaling.  This are all news that can contribute to bitcoin price uptrend.

After a slump in price the coin is recovering pretty good and the price is picking up pretty soon and three thousand looks like the next target but we could face a good resistance at $2700 region and if we keeps on hearing good news about the market then it would cross $3000 in the matter of a few trading days.

And what exactly would be the reason for the price to climb from $2100 to $3000?

The price correction and the segwit gaining more support from the entire miners and the other companies who hold power of manipulating the bitcoin moves is the reason for the price getting retained towards $3000 from the deep fall towards $2000 from the peak value around $2800.