Bitcoin Forum

Do you know why bitcoin going so much down?

1. people are investing in bitcoins currently , Investors start investing money in Ripple (1.2$ current) and bitcoin cash (3600$) , Dogecoins (0.008$)

2. some short term investors start selling of their bitcoins to recover the profit. they will buy again when it come low.

3. bitcoin Rise and Drop is a part of game , It will down and Come back again ,

In recent news someone bet that bitcoin price will reach 50,000$ Next year

We are all seeing that the price of Bitcoin is going down after a great pic. A lot of people predicted that its price can reach 20K at the end of this year.. but because of the fees this does not work.

The price is going down because a lot of people are being paranoic about the price, and that is the main reason of why they are selling all their bitcoins = panic sell.
They are very panicking about that, and that is why we are seeing a bearish rally in there.

It already hit 20k... it was long overdue for a correction as is this whole market. Bitcoin rises and drops and rises and drops and then rises again. Its completely healthy

I think there is some sort of chain reaction going on at the moment, since the resistance at $20K was strong, people started selling and it has triggered a small decreasing trend. But I'm sure it will pick back up eventually.

bit coin down 15%  all time high

They are natural corrections, we have seen them in the past, in this world they will see this type of falls on a regular basis, but after that comes the new rise surpassing the last high price level.

This is just a required correction taking place. Bitcoin hit the first bottom at $16k and then the second bottom at $14.5k. Now, if we go by TA, bitcoin will touch $20k within a week. By tomorrow BTC will be bullish. Altcoins are bullish and one should try to accumulate more in dips. So, don't worry about BTC value and try to multiply your BTC amount through altcoins. BTC will end up at good price by year end.

Yeah exactly, BTC is following a pretty obvious pattern I suspect it to go down to 12.8k though before climbing again and setting a new ATH.

Hope that it will continue following the pattern or we might see a bearmarket next year... but it seems unlikely for now.

People are cashing on the gains from the previous two months of upswing. They want to enjoy the fruits of their labor (investment) during the holiday season. Or maybe the cryptocurrency market is on a correction/stabilisation period.

You are the one perfect in your answer. I believe that we will find the bitcoin price boom again. This is how price recovered last time hard fork again and time BTG splitted as well.
You will get the profit if you invested on the bitcoin you will get a 2000 USD profit in a week. Please if you are able to invest on bitcoin try to grab the situation again.

As we know, everything has something happens first time. First 20k has done. Now it's goinh down and some people started to say about crush of btc. it has both ups and downs. now it's period of going down. chill.

You are correct there newinbtc , because of the rapid growth of bitcoins value it will naturally go down because some of the people holding the bitcoin starts selling their bitcoin to get some profit . The demands are getting upward as more people are getting more involved and investing in the bitcoin market and the supply/mining block is being selled by the miners to recoup with the mining cost of electricity and other bills of the miners.

- Many whales are taking out profit
- Newbie investors are selling for loss due to panic
- People are going crazy for altcoins and buying it with bitcoin
- Many are selling bitcoin because they are frustrated with current congested network and high fee on transaction.

The one who will not panic in situation like this and can hold their bitcoins for next few months will make more than those who will cashout at current price range.

Beacuse someone is dumping this.

this is the market price down and up , i think the bitcoin in correction and after that we will see bitcoin hit 20k
We may not see another $14-15k price point after December.

The major reason behind this is the number of stuck transactions which is why users are now driving all their capital to other currencies where they find better speeds and lower fees. Bitcoin already gained too much this year alone and proved to be one of the best (superb) investments of 21st century but that somehow became a disadvantage when the mining community became greedy and to show them that if they will keep doing like this, market-makers know what to do; they are now driving Bitcoins the wrong way but if we consider the surge in value, than what we are seeing should be considered as a nominal correction. $15k was set to be seen by investors (many of them were saying that a drop could come and value may soon be near $15k before the end of December) and they proved it. The local-no-confirmation-spam should now be stopped or miners should get ready to see more of this.

That is what markets do. Some days they are up, some days they are down. Today is one of the down days for bitcoin. I wouldnt lose sleep over it.

It's a normal correction that was bound to happen long ago. The only reason it hasn't was that people were waiting for the futures to open for trading.
The clogged up blockchain has given people something to think of and they're moving into other coins for the time being. For instance even BTG which is a total shitcoin has gained from this situation. Once the lightning network starts working we'll have another BTC surge and an exit from altcoins to BTC.

Its going down because of:

1. Investors are rebelling because the high transaction fee on platforms.

2. Invenstsstor are trading BTC to altcoins

3. Panic Selling

4. Investors are digging to Bitcoin Cash

But hey! Its the perfect time to buy BTC!
Its predicted to reach 50k USD next year.
Have a wonderful year ahead.

I think bitcoin hit a bit of a wall at $20k, then there was the exchange collapsing in korea coupled with bitcoin cashes prominence and bitcoins continued high level of fees and slow transaction speed.

There are multiple reasons as I feel;
01. Whales are withdrawing money at higher rate
02. BCH is listed in few new exchanges/ Wallets
03. There are good altcoins are now in market
04. There are people who are expecting segwit2x happens in near future..

true, it is natural. bitcoin prices are easy to change especially with regard to technical issues, speculation and legality. after the price drops, then the price will bounce. although today it tends to go down, if we look further at the beginning of 2017, the current bitcoin price remains higher and for those who have bitcoin since it must have gained much profit.

I don't think it's not rare to happen with bitcoin price. Being vulnerable for such market demand and supply, any up and downs might be happen all the time and we can never escaped that from happening. The only thing is that we really don't know when, but mostly it occurs when there is FUDs and hardfork launching. Mostly we worried about of dumping and makes many bitcoin holders selling their coins in low price which is not a good idea.

This looks to be the common price fluctuations that takes place with time. As we are getting close to the days of Christmas as well the new year price increases. To have a forward push, now the price of bitcoin seems to go high and reach a bigger value.

Ripple has no real future. It's popular only because of its recent pump but people are short-sighted and forgot that it has been going down for months.



This is the main reason.

I'm sure that it will.

The demand of money is high because of the season which makes the price of bitcoin to dump. We predict that it will pump again after new year. It is the best time to buy bitcoin and many investors take that opportunity. It is the right time that they are waiting for long after the big pump in bitcoin price.

1.people sell them bitcoins.
2. Supply rise and Demand reduces.
3. price down people sell more.

For me, the reasons why Bitcoin price is currently down is because of the holiday season people spend their money on giving gifts and buying foods in preparation for the upcoming holidays. Sure some are still spending their money in investing in bitcoin but we could not hide the fact that during this special season in giving special gifts to our love ones.

Point is that the price was never really maintainable around near $20,000 levels, which was something you could have figured out even before it reached there. Anything mildly above $10,000 is a fair reflection of the market.

If the price goes up too much in such a short period of time, you'll know that if it happens to go up even further, it won't and can't be maintained for long, and that's what we are experiencing right now.

It's a clear sign that the market isn't ready to increase further for now, and honestly speaking, it shouldn't go up further. Bitcoin's current limitations don't back up a further increase, so we should be happy with where we stand now.

It may be due to the reaction. But in general rules of economics it is very common to price up and down of any product. In the case of bitcoin most of the time we see the price rate of bitcoin is high. It is rare to see its price going down. Some new investors who have not business wisdom are going panic and start selling Bitcoin. I am on the point that it is the best time for investors to buy Bitcoin as many as they can. Because we all know that the price will soon be going high and that returns investors’ huge amount of money.

I just hope many of those asking questions about bitcoin falling really understand this fact. Traders will always like to take profit after some gain and this will always push the price backwards because value has exchange hands. Bitcoin like other trading assets cannot continue going up and vice vassal. We should expect bitcoin to make another surprised pumping some weeks to come and I am expecting this move to get to around  $17,000 before making another progress to $20,000 and $30,000.

It may gather some power from lower points to rise one more time to the $20000 price. Staying in these priced doesn't mean that it's dead or it's inactive. Just wait and see the next move of bitcoin.

In short term, do you think microsoft's position about bitcoin play a role in this dump?

For me, bitcoin will rise again, and above 20 000$ in a long term vision.

https://www.coindesk.com/microsoft-resumes-bitcoin-payments-after-halt-over-instability/

If anything, MS's decision to start taking Bitcoin again will end up helping it rise in price. They reinstated BTC payments.

In my opinion Microsoft´s decision to accept Bitcoin payments is completely irrelevant
to the development of the Bitcoin price.

The Bitcoin bull run of 2017 happened in spite of lower merchant acceptance among
the Fortune500 companies than a few years ago (in 2015 5 companies
out of the Fortune500 accepted BTC payments, now only 3 companies accept BTC
as a payment method). I´d argue that Bitcoin´s main use case has become
to be a store of value and the possibility to make payments with it is only
a secondary feature. The price development of the last few years certainly supports my theory.

I agree with you, but it's not so much about showing its value as a payment currency, rather it's about the news source on its own. I feel that because of all the increased attention to the crypto market, media focus on positive or negative aspects of the market do tend to affect it in some (maybe small/insignificant) ways. I think the news that MS is reinstating payments may nudge some legitimacy in BTC's direction in the view of the general public.

I for one had no clue MS even accepted BTC payments in the first place. I'm sure I wasn't alone in thinking that.

It won't do that much for the price. Thing is that Microsoft has done the same more than a year ago, where people were worried about why they did remove Bitcoin as payment option, but Microsoft then stated that it was a mistake from their side after many complaints. It would only have had an impact if people were actually using Bitcoin to pay for things on a massive scale, and that's not really the case, otherwise Microsoft wouldn't even consider to *temporarily* remove Bitcoin as payment option. What doesn't contribute towards growth, can't be missed when removed. :)

Bitcoin is not going down its price is going normal but there is no need to worry about bitcoin because its price is related with market some time its price will be high and sometime its price will be low and it’s not a first time that it’s going to happen it happen so many time before and I’m sure that this time its price will go more high because bitcoin don’t compromise on its price and it change its price fast from low to high.

This is normal, Bitcoin can not constantly grow in price. Buyers should sell Bitcoin and make a profit, then again start buying at a bargain price.

I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.

Bitcoin is getting down but that's quite natural for it since the currency is too volatile and fluctuations in the price are common for it. That could also be a reason for the people may be switching to some other altcoins as still the currency is retaining a higher value thus making it too expensive for the investors to invest in it and that factor in some way or the other is affecting its value...

Fluctuation of the price depends on the people's demand and supply that's why other users are switching to altcoins. Yet the transaction fees are getting higher and higher due to the demand of the mining fees everyone could not help it but rather wait for the upcoming LN but LN is under in development and everyone couldn't wait for it to release. Some FUD or fake news will affect also the fluctuation of the price because people will tend to panic selling if they see that the price is down. Price correction does a big impact to Bitcoin because of it's constant rising.

The same questions are repeated again and again. The most understandable reason for fall in the price is the correction and we will see that nobody will sell his bitcoin for a long time,  because they know the importance of bitcoin and and every one is expected that they will get a good profit from bitcoin in next few months. All the selling of bitcoins is for booking profit.

Yeah you are right. The price of bitcoin is so volatile that it may change after an hour. But these days the price fell down a lot almost 6000 dollars from 19500 to 13600 which is a huge gap in just a few days. I think it is the right time for new investors because of the low price and in the next year it will rise again and then buying bitcoin will be very difficult due to a high price. We must wait a little for the price to go up again.

You may look at:
http://www.advantagetrading.net/charts.html

So, it could be quit long way down... 4000-5000 usd.

Whales and sell walls

Well it sure seems like the price of bitcoin is still going down although it is slowed down.  It seems like you have all this fat cats everywhere seem to want to make mining more difficult as well as being able to buy it.

The alternative currencies have recently displayed a major value decrease, with ETH currency leading the downtrend. Such situation in the cryptomarket led the world’s most dominant digital currency to the opportunity of proving why it has this title, as it now accounts for an impressive 60 percent of the cryptomarket share.

The BTC currency is currently in possession of more than a half of the digital currency market, while Ethereum, which is known as the second most favorable digital currency, accounts for as little as over 12 percent.

https://base.info/news/btc-dominates-60-percent-of-the-cryptomaket (https://base.info/news/btc-dominates-60-percent-of-the-cryptomaket)

https://storage.base.info/source/generated/news_banner_802_1.png?v=1536744707 (https://base.info/news/btc-dominates-60-percent-of-the-cryptomaket)