Bitcoin Forum

I do not know the reason. Why has it dropped by 15%?

Don't fall for the fake stream media who always comes up with a reason when stocks go down, sometimes the reason is people just want to sell for no reason and it snowballs! Same with going up sometime people see it go up so they jump. Often no reason!

The whole crypto market is in a sea of red today. I can see around 5 coins out of the top 100 which have risen today.
As per some news report, technology stocks (and Bitcoin) are being beaten down by market participants.

Traders cant see any upcoming  valuable news  for bitcoin.That's why they started downtrend

Market is satiated: a bear market is about to start, with Bitcoin downtrending for a prolonged period of time. If you bought in high, I would advise you to cut losses at this point, but I'd like to stress you need to make your own decisions.

Remember, no asset can keep on appreciating forever. Maybe this is Bitcoin's Troy in the end, and most people will not see it coming when it happens. There's a distinct possibility it will never trend higher than 3000-ish USD again, but we cannot know for sure.

What we do know with a degree of precision is that it will continue to downtrend for now. Draw your conclusions based on that.

I can see that it's a domino effect, as aso118 said the whole crypto market is experiencing loss in total market shares and as well as other investment markets. So with the down market of bitcoin then alt coins are also affected. But don't worry about it, that will be on a good state after a couple days or week.

There doesn't need to be a reason... it's mostly just investor mentality. Bitcoin is volatile and investors go back and forth between greed and fear very easily.

I think the drop price of bitcoin is just a normal movement this is always happening if there are traders are satisfied what is the price..
Because they seen that the price of bitcoin from $2,900 drop and stay at $2,800 so before the price crash they sell their bitcoin and make  a profit.
And i think we don't need to be afraid of using bitcoin because its just 15% and i think we will see more price increase this following month the same as last year..

If price had risen rapidly by 300%, why can't it go back to it's former position? That could be discussed, if BTC would crash after long phase of stable growth. Now, situation is the same as several times in the past - nothing extraordinary. Time to buy is coming  ;D

The bear started at least two weeks ago. And to the OP, in the past it's taken a few days for the real driver behind big moves to become apparent. I believe this is due to the extremely global nature of this market. So, let's see what comes out over the next few days.

People are scared of an upcoming hardfork.

Jihan Wu is either a fucking idiot or a genius. We will know in a couple months, I guess.
Either he is spreading FUD and shorting the hell out of the market (genius)
or destroying his own fortune due to hubris and ego (idiot).

In any case it's not normal. Every person who uses crypto currency should respect Bitcoin and consider it an art. And therefore Only our relations kriptovalyute can tell what results we are waiting for in the future.

Most of the time there are not reasons for these movements, some people just wanted to get out of bitcoin and consolidate their earnings, that is it, most of the time there is not a big reason for movements for this, unless we saw a really big movement then that is the moment to look for a hack or something.

I'm a little bought for 2200. Now sell for 2900. I don't have a large amount to essentially make money, but for fun I'm a little speculating. Constant price spikes bitcoin make it very attractive for speculation.

When we see the value of Bitcoin go up, we're like yeeeeyyy. Then when we see the value of Bitcoin go down , we're like awwwwww.
But set that aside, the last couple of months the value of Bitcoin has its booming stage, and guess what it boost up to 150% from just a couple of months and 500% from last year, then how much less is 15%? Be optimistic, it will not go down.

It's very simple actually - people put confidence out of an increasing market. People keep waiting for the price to go up, because their confidence is increasing alongside the price that is increasing. At the time they finally pull the trigger to start buying, they enter the market at near peak levels. If the price goes down after that, which is a normal market movement as people secure profits, they lose all confidence. In that regard, when you see people complain about a 15% drop, while the price has gone up like +100% in the last months, it's mostly all related to that.

I guess it is the human nature to incline more on the negative possibilities than on the positive outcome. And I mean it in a positive way, where it is good to incline more on the negative possibilities; to always have a Plan B, so that we are not gonna be surprised to that outcome.

We can not control other peoples decision, it is there own will, it is on us if we want to succumb in their ways or not but as the bitcoin decline in value do we really take fear out of it? or are we're gonna still holding onto it and Wait for another come back? in my opinion I would just really wait for the big jump in the price even if they are spreading FUD because of the impending Split I will keep on holding until the last day of July. or if I can feel that the split is nearing it's course.

The price decrease with bitcoin is quite common and​today this has been stated as a big controversial subject because the price was expected to reach $3000 by which the price fell down. So this time the fall is hyped, other than which it is same as the one happening often.

It wasn't feeling good recently poor thing I think it had a fever did you go visit it in it's dying bed at $2100 this morning? now I heard it's

All good and back up to $2500, not only poor Bitcoin is fine and well but the second son of crypto daddy LTC is horny and pumping just for

2-3 more days before dumping, I mean isn't this obvious? I don't really think these tricks working anymore, I'm warning you all stop selling

Any Bitcoin sub $3000 I wonder what would've happened if I was the one holding 16.4M Bitcoins and only was selling as low as $5000 do you

Think people would have bought anything or I'd be left alone with millions of coins in my bag? good thing we have miners and dumpers to

Dump their coins on a daily basis other wise we'd be dealing with a crisis of shortage of Bitcoins.

Then why don't you just state what you have experienced so far and then explain it to them in details to have more of your idea in BTC community, to make them realize that there is nothing to be feared about.

Falling bitcoin prices is a natural thing. Bitcoin is a digital currency that will always experience a decline and rise in prices, as does the current real currency. The decline in bitcoin prices usually occurs because of factors affecting the development of bitcoin, usually it is bad news that weakens bticoin. Besides the demand factor bitcoin in market share also greatly affect bitcoin price.

Correct people expect that bitcoin will always go up but that is not going to always be the case since at some point someone will want to sell their bitcoin in order to try make money, so pumps are followed by dumps.

When trading, it is actually normal for the price to fluctuates. That only means to show that the demand of bitcoins in the market is progressing or sometimes declining because of the news or updates it brought us. And sometimes traders take advantage when bitcoin dumps because they can buy them at its lowest amount or value.

Right now I am experiencing great over the past 2 years earning Bitcoin and the price right now is a real great thing in investing your money with bitcoin but I think in the impending Split I would just gonna convert my bitcoin;s to fiat just to be safe in the split, you can surely have a wallet that are really secure because we can never guess what would happen in August 1 it is a risk what they are trying to do and just to be safe we should take a precaution with our wallets, if you don't know that BU and Segwit are gonna do to bitcoin then you need to read more in the forums.

That is true, in the incoming Split we have to take caution, we do not know what would be the outcome so its better safe than sorry. Well there could also be a possibility that it will not be a negative outcome like dropping the rate of BTC again.

I'm confused, why would you convert your Bitcoin before the incoming Split? I suggest that you just have to make an offline wallet or hardware wallet, it has so far the most secured place and, not only that you don't have to convert you BTC to fiat having the reason of, its not the right time to convert.

Looks like the price is dipping at $2600 right now from a high of $2700. I don't know what is the reason behind this but from yesterday, the price is going strong. Its weekends and the price should be stable. I really do think that the Segwit2x might have something to do with the price of bitcoin fluctuating from $2600-$2700. Investors are in doubt what will happen after Aug 1 that's why the buying is slow and now the dumping has started again. I guess, we should all wait what will really happen after the activation and maybe we can see the price rise again to touch $3000.

Its just a whales trying to push down the price. as you can seen there are still other people are buying more than selling i think its a group of whales and they are now selling their bitcoins but there are still other supporters are still buying to control the price down..
For now its not a good idea to sell our bitcoin much better to invest more bitcoin while the price is low because sooner if other traders seen the price down they will buy more bitcoins..

I have a theory for this. Having you trading Bitcoin or even converting Bitcoin, will not have that much of a difference in the chart if you have so little numbers of this coin. Now, what I'm trying to point out is that, there are people who're major holders of Bitcoin, and what I mean about major holders is that, they have literally have numbers of Bitcoin in masses. So whenever they trade, sell, or convert, it affects the chart so much.