Bitcoin Forum

Why bitcoin start going down and down will it goes below 10000$?

Please check other threads that have been opened. There are a lot of them and noone can answer these types of questions I'm afraid.

May be associated and liqui stolen personal funds, then financial institutions began to sell the currency, led to the fall, but don't be afraid, now is still in a bull market, fell not gives us the opportunity to buy? ;D

It can. I was thinking about Bitcoin's overpricing a month ago. So, I was right. Price is going back to it's real amount which is about $5-7K.

why? bitcoin is going down because they hit the 19,666$ and the price of it are jumped nearly 13 times according to my research, so that's why the price of bitcoin fell over 36 percent and losing more than one-third of it's price.

So far bitcoin price is affected by the supply and demand of bitcoin in the market, with bitcoin reductions certainly due to the current increase in supply in market causing the decline in bitcoin prices but i think this is quite relevant because the current situation requires more budget ahead of preparation of big day and turn of the year. So many bitcoin users are selling it for preparations ahead of Christmas and New Year celebrations

​​The Segwit2X hardfork will be held on December 28, all about the new Bitcoin fork. So servers are busy in current market. It is affect the Bitcoin value. In current situation all the miners are jump to altcoins only few of them are available in mining so transaction fees also increasing in crypto market. This is not a issue after hard fork it will automatically changed. Bitcoin value is raise gradually in crypto market.

There were a lot of people last week saying it wasn't a bubble.

Where did they all go?

Simply because the transactions are high at this moment. People are selling Bitcoin not because they are no more interested but rather they are in need of money because of the season. So eventually, its market value is expected to be more expensive. All we have to do s to hold and patiently wait.

That's an awful lot of xmas shopping going on today then!
 

I believe the segwit2x might also play a part on the drastic fall of bitcoins but altcoins are also dipping and bleeding seriously.According to coinmarketcap about 90% of altcoins are all in red and major decline in the entire market cap

After reaching a record high of $ 20,000 earlier this week, Bitcoin has fallen 15% today and dropped to the lowest level of more than 20%. This can be considered as a strong fluctuation in the value of Bitcoin. I think that the main problem lies in the growing demand for this currency, while the limited supply has led many unprofessional investors to invest in Bitcoin, Probably a large number of Bitcoins are reserve. But do not worry, wait, I think Bitcoin will soon recover and grow back

My personal thoughts:
* Bitcoin initially went down due to pumping other alt-coins especially BCC (according to coinmarketcap with BTC dominance going down)
* Now (as of these past 2 days) people are panic selling due to them just seeing Bitcoin go down and not realizing it was just going into other cryptocurrencies
* Honestly, I don't know how far the drop could be, but it'll be pretty bad, BTC dominance is going up which is a sign people are cashing out for fiat currencies and not other crypto-coins

again- just my personal opinion based on speculation.

It will go below $1k, it may very well go back to $100, or ever $1, think about this, what is it worth?

Absolutely nothing, other than the 100,000 scammers who pump&dump the bitch on this forum,once they move on to the next big-shit, BTC will be forgotten, and go back to natural organic growth.

Much of the gain this year and last and go away in just a few days

The problem is that there are 2,000 shit-coins that are all 100% bTC clones, and some are better, that is a big problem for the CORE, who are fat,dumb, and dumber

I think the past issues with the BTC platform that was left unresolved because it was covered by its popularity of the cryptocurrency  had caught-up with bitcoin.

According to Fortune,  the drop is a result of the fallout from long-unresolved problems with Bitcoin’s infrastructure,
and the increasingly intense civil war it has produced in the cryptocurrency community.

I think why bitcoin is down, and bitcoin is strongly influenced by supply in the bursa, so there is a reduction of bitcoin and there is definitely an increase in the market

###################### WARNING ABOUT CRYPTOS ########################
The 2008 financial crisis caused 500,000 CANCER DEATHS!!!
  (If any doubt, just do your own research).

        9/11 WAS ### A JOKE ### IN COMPARISON

Who is mainly RESPONSIBLE FOR THIS CRIME? #### BANKERS ####
Have they been to JAIL? #### NO ####
WHY? JUST THINK.

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Now, bankers & central banks are afraid to lose their jobs because of cryptos,
so they try to scare governments about:

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What they currently do is create ARTIFICIAL HUGE VOLATILITY on cryptos (they have enough funds for that).
They want an EXCUSE to "protect" investors.

In reality, they just want to take CONTROL (REGULATIONS OR BAN)

They also SCARE PEOPLE ON SOCIAL MEDIAS, PRESS, OR TV (CNBC for instance).

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NOW YOU KNOW. PLEASE SPREAD THE WORD. THANKS

ppl are cashing out of ALL in the past 24 hours, most alts are down +30% which makes the btc drop 25% look small, but note that is only one day, we're in the xmas season, so there is only one direction forward

Sell Mortimer, Sell

If you don't sell, and U did pay for this 'shit' then you are truly screwed, if you got the btc for free like most of us old time coders, then who gives a fuck? I don't care if it goes back to one satoshi 1/100000000000000000000 cent

The only ppl who get hurt here are the morons who paid 'real money' for vapor

I think its because today is end of the year going to christmas season and new year i think that was the reason why bitcoin was dump but after this bitcoin will go back to normal again.

Hodling

U R right, but its USA centric thought, most players have already exited the US dollar, which is worth LESS than BTC,

Crypto filled a void for hot-money to flow out of USA while the US-dollar still had value, now neither USD nor BTC will have value in the coming days, the ticked is to KNOW what has value, ... all ELSE is bullshit.

Recall that 99% of these crypto's are just copied software that morons cut&pasted, and even bigger idiots bought.

That is some serious shit you post man, allot of investor put in huge sum of money in this virtual currency called bitcoin,
I would be so heart broken if bitcoin goes back to $1. :-[

I thought it would keep going up until after Christmas and then it would drop because people who received it as a gift on Christmas would sell it.

Although with the current fees situation that we have, it is unlikely that anyone will be able to sell their Bitcoin anyways. Think about how high the fees are and people will need to send Bitcoin 2 times to sell them which means most of your BTC will get eaten by fees alone...

It is sad, but the reality of Bitcoin at the moment.

I am sure if you take a look at the post of others here in this section I am sure the answer for your answer won't be enough to satisfy what you really wanna know because investing in bitcoin is the same as stock market you could not be sure of what will really happen in the price movement all you can do is wait and hold.

I think you should not panic because of this, because I believe the bitcoin price will increase rapidly because bitcoin is growing and being known, in the future it may be the world's currency so I Think of the bitcoin price going down just a little bit less worrying.

There is one reason Bitcoin is going down, and one reason only: FEES

People simply don't like paying such high fees. The problem is looking too far ahead. We don't need to increase fees right now. Miners don't need to live off of fees only at this point. The last Bitcoin won't be mined until ~2140 therefore we have ample time to discover a solution. In the meanwhile miners whould live mostly from the block reward alone.

Just hodl guyz, dont ever panic sell, you will regret it later if you do. I believe its a temporary drop.

I think it because of the year going to Christmas season and new year. And its cryptocurrency always prices going up and down.

LOL whats normal man??

Can't figure out before when bitcoin drops only a deduction of $1000-2000 but now almost $6000 had been cut in bitcoin value and the sad part is that it continue to drop with no any signs of recovery. I want to wait for the pump but for now it's quite impossible to happen. If the upcoming hard fork is the reason I hope bitcoin manage to recover again like iy always does.

the decline occurred because ahead of christmas and the end of the year. I think this is the cause, and I have predicted it before December. but the possibility of bitcoin survive is very strong, and will rise again in early 2018. my prediction only

I was very alarmed by the situation when bitcoin fell in price but at the same time growing up in price bitcoin cash. Now the situation is quite different. Fall all cryptocurrencies. This gives hope that very soon the price is also rapidly goes up. Capital is not going anywhere. He'll be back. I am sure that the fall provoked by the game of speculators.

It's because of christmas season and there are many people who are panic selling. it's natural during chirsymas season.

You will find the answer if you know why it went up ,in the first place
It would have not gone up too high,too fast and it has to end at somewhere and at some time and this is the time

Forum is already congested with similar thread just like bitcoin network is congested with unconfirmed transactions with low fee. LOL

Price can't always go up and there will be investors who want to cashout for Christmas and new year celebration. Just chill and celebrate Christmas, if you can than just buy some more bitcoin at current discounted price and enjoy your profit in long term.

It can be, but we have to be sure btc will be uprise again so we will not.lost moneg

There are lots of reasons I can think of for the current Bitcoin price drop. One is reason is because of the peice correction. Many people got hyoe because of Bitcoin and they are now selling it. Another reason is because of the slow transactions and high transaction fees. Investors are shifting from Bitcoin to other coin because of this. Whatever the reasons, I believe that Bitcoin will recover from this.

I think this is an effect of information that Litecoin Dev sold out all his coins. This makes the market red. But you should not be worry. In 2018, it will recover

It is normal that bitcoin is always changing its value or price. In fact, the increased of bitcoin's price few months ago is a good thing that happen to bitcoin holder so I think the decreased of the price of bitcoin is an opportunity to others to buy bitcoin.

its clear btc its fluctuative
its time to sell for holders . and not yet time to buy . coz it will more down .

We've seen massive 30-40% price corrections before, and it recovered, I don't see any reason why this time would be any different!

Because week hands are selling it and strong and clever hands are buying it. 8)

yep its probably just the holiday dump. but 8-9kish is still not bad. It was the price like 2 months ago.

From my experience in the bitcoin from two to three years the price of bitcoin will not go down in the future but the price of bitcoin will fluctuate up and down in the future . But the price of bitcoin will not go down because now a days the demand of bitcoin will increases reguraly in the future so that the price of bitcoin will also increases in the future and it may always in increase in the future . But there are also a less chance of price of bitcoin will decrease but the price of bitcoin will increase is less than the price of bitcoin decrease.

I think it will not go down below 10k mark, it is very critical. The reason behind the dropping of price is the investor cashing out revenue from their possession.  We all know that during this holiday season there are much more day spending money than generating money. This season, people are cashing out money to spend for their self, love ones and family.

If you buy a bitcoin, just hold it and don't sell it. You will regret if you do this, just hold it and the value of bitcoin will be increase after Christmas and New Year season, this is actually happened.

I dont know, we'll see what happens next. but in my view, this is normal and can happen in the market. Simply because many people are exchanging money and wearing it for Christmas or year-end holidays.

Bitcoin was way below than the current price and some people started buying at that level and most of them were institutional investors which boosted the price of Bitcoin and as a result, the early investors earned the profit around 500% to 1000% within 6 months so considering this growth, they decided to sell some holding in order to buy later during the dips and as a result, price is falling down. There are some other factors too but this should not be a subject of worry in my opinion because it will help Bitcoin to grow in the long run.

There are many reasons for it, there's been a lot of negative news recently and there may be whales cashing out. BTC often goes through corrections though, at this rate it will likely fall under 10000 USD but don't worry it will definitely come back up.

The reason behind the price fall is the people themselves, based on the chart there are more sellers than buyers which means the price goes low when people are not buying bitcoins. To resolve this issue there should be more buyer than seller to help increase the price of bitcoin. Further more, most of the people are on holidays that they are leaving the jobs to other or pause at all thus trading are slow these holidays. I think the price will go up once the holiday ends.

According to Coindesk, the cryptocurrency was trading at 13,155 (£9,822) after its value plunged by $2,000 US dollars in the space of 12 hours. It comes after a troubled week for Bitcoin in which a cryptocurrency exchange went bust in South Korea following a cyber attack. Coinbase, another exchange based in the US, also said it was opening an investigation into sharp price increases in the price of a new cryptocurrency called Bitcoin Cash.

It would not go below $10k and the collapse will be temporary. People will still find a way to make the price rise again and reach $20k mark. All we need is to believe on bitcoin.

That is right, it is just an holiday dump but I wouldn't like to see "one digit" thousands personally. I think that if btc hits below 10K can cause more panic selling in the market.

Even it looks rude but people are now exchanging their bitcoin to Fiat because its christmas to buy some gifts and to celebrate Christmas. But how? Bitcoin is somehow has a factor of the law of demand and supply. Supply has increased due to the selling of people of bitcoin thus decreasing its value.

I cannot tell why this is happening either. I was expecting that if there would be correction, it would just be minor but seems like it is almost cut to 1/2 of its peak value. I am hoping it will recover really soon when all others are done panic selling. Also, I am surmising this is due to the increased value that it is trying to compensate the sudden blow up of Bitcoin's price.

This is just a correction. If you don't know anything about cryptocurrency world - you panic :)

Seven days ago when bitcoin have reached its highest peak at around $19k+ and now its $12k+ within 7 dyas it has decreased by 35%. I dont really have an idea why it continue to go down and the main reason of it. But im still optimistic for a positive outcome, that bitcoin will be back on track, hitting a high price and Im still and will hold my coin.  

Bitcoin price crash after touch All Time High at $19500
This is big correction and Panic Sell moment, i dont know what happen, but this situation same like 1 years ago
Bitcoin price correction about 40% since All Time High
Hope will be recovery soon

I've noticed also the price dumping. In a short of time bitcoin price decrease 40% of its value. I think one of the reason why it down rapidly is because of this coming Christmas. Many people are selling their bitcoins so they could have moneh on Christmas. But I know it will increase again once this season ends.

This explanation is pretty reasonable.

just read the threads same with your topic mate sorry i tell franckly you avoid making thread similar to the old one this is nonsense, but i will answer due people have own personal needs this holiday season thats the reason bitcoin continue to dump.

Oh yeah that's also can be consider why people are dumping and cashing out their investment, they needed money to use on this holiday rush
so we might see bitcoin to rise up maybe next year value will continue to fall down, just hold and buy if you still have spare money.

It is only correction movement and bitcoin market  trying to find its true value based on market demand and supply. But bitcoin will shoot up in near future again.

bitcoin begins to decline because governments in other countries ask for bitcoin circulation tax and this causes bitcoin will be controlled by the government, because bitcoin should not be controlled by the government.

Bitcoin fall down continuesly for the last few days because of many people need to exchange their bitcoin to their own currencies for Christmas and new year celebration so people sell their bitcoins continuesly but it is not a big fall after this week its become normal.

Bitcoin price is not regulated by banks or the governments, it is all “demand and supply”. Many factors set the price however, when the price falls to the point where large scale miners are not longer meeting their costs, they must begin selling their accumulated hoard of bitcoins to remain afloat while hoping the price goes back up.  This effective breakeven price represents a serious tipping point.

There are many factors why BTC price is going down. For the past month, FUDs are all over the news and social media about BTC, scams involving crypto are proliferating as well. There are also those who are profit taking for their grand vacation this coming Holiday Season. Panic Selling of those who have weak hands by just seeing this bloodbath in crypto world could have affected the price too. Scenarios like this definitely happened in the past and we all know how BTC can withstand all of that.

Isn't a good time to invest in Bitcoin when it is going down?  Since it is down, when it goes up, then your investment would also goes up and you'll ern from it.  That is how I read it or am I analyzing it wrong?

bitcoin is down as it seems and I hear there is a government issue that exists in the part of the country asking for taxes from bitcoin trade.

I think that the most reasonable explanation for why the bitcoin price is going down is due to the fact that the major miners have stopped mining bitcoin and this lead to the miner fees going up and the transaction time increasing, along side these factors ethereum, bitcoin cash and some other altcoins were having an increase, and this lead to some people switching thier bitcoin to these ones to make profit from it, there is no telling what will be the stop point for bitcoin but the others are going down and as soon as the fees strat getting back to normal, i ma sure the price will start going up again.

Even if you are right and some people are cashing out the money for Christmas, I don't think it should cause such a fall in price. The volume isn't that high.

I mean this is not regular people that cause the price to fall. There are some whales that can do whatever they want.

The drop in price has nothing to do with Christmas, or with the new tax bill, or with anything limited to only a few countries.  Bitcoin is a worldwide phenomena.

Markets drop.  It's just part of any market. Nothing goes up forever.  It's all very healthy and will create the foundation for the next big run-up in price.

Wall Street strikes again! It’s possible true those guys from wall street are pros in trading, no one in the world are better than them. What you think it will happen when amateurs vs pros happen!

If you are asking for the information on why so " then we can't answer you. All I can I share is the idea of why I think it is dropping. I think that the reason behind it's decreasing value is because of the incoming holidays. I can't prove it just yet but that's all I can think of what the reason may be. There must be some logical explanations about this though some are not proven

I think new year and Christmas season has nothing to do with it. Since bitcoin increase its price these past weeks with unknown reason, it can still fall with a unknown reason too. But im really curious about what is happening to bitcoin's price.

I wonder what did he just said. Maybe thats the answer.

I think this price drops due to two reasons,

1. bitcoin fork on 28th of december, some miners or investors shifts to altcoins.
2.  some companies on wall street or elsewhere, maybe investors chose to take over their profits from bitcoin and other altcoins before the end of the year.

With this price drops, more people will invest to BTC to catch this last chance.

Bitcoin's market cap has decreased in these previous day in as mad manner as it increased with in the previous weeks . This Christmas is definitely not fond of bitcoin i guess  ;D ;D . It's already a miracle that it stood so long in the 16k range for so long even tho the market cap was hugely decreasing ( more than 10 Billions of market have been lost in the last few days ) , and despite that fees were growing exponentially so people might have went for LTC or ETH to avoid paying such fees . But this will only affect those who invested in bitcoin when it was at peak in the last period , those who just earned it somehow without having to pay or invest a dime don't even care about it i think ..

it will not down furtherBTCit will increase up and up

The weakening of the virtual currency, Bitcoin is thought to be due to the booming influence of Bitcoin Cash (BCH), one of the cryptocurrencies that has recently started to affect the market. Bitcoin Cash price increase trend, according to him, one of them is caused by the transition from Bitcoin owners to Bitcoin Cash. Bitcoin's price decline follows supply and demand laws, while Bitcoin Cash has the opposite.

No he's right, this is probably because of the holidays.

First: It was already known and on the news how shops/stores have a rare peak this coming weekend because it doesn't happen often that Christmas is RIGHT after the weekend. This means there is a huge demand for euro's/dollars this weekend. More than in the most years because the weekends ALREADY have much more demand usually, a lot more shopping takes place. Plus, especially this year after this recession it seems people have more to spend and the expectations were that people would spend more.

So... people cash out some of their investments which had already increased in value. Have more to spent in Euro's/Dollars, have a christmas bonus, spent a christmas bonus to employee's of the investment firms, etc. etc. Especially since the crypto-currencies were rising so hard, every possible thing all came down to 1 ideal moment to cash out some of their investments.

This would probably mean that things could start recovering in the night of monday to tuesday. But ofcourse you never know in crypto-land. This is just my theory.

These falls have happened before and it had always gone up big time afterwards. People have regretted not having bought in when things were cheap. It looks worse now because the value was so high, but in percentages it's the same as almost every year. But again, this is just what i think. I don't know if something else is going on too this time.

No one is moving from bitcoin to bitcoin cash, certainly not institutional investors, merchants or exchanges. The cause of the price going down is just ordinary speculation since it moved up much too fast and in fact bitcoin cash dropped more than bitcoin in the last 24 hours.

The same question was asked on the below thread. Check it out and you find the reason behind the dump in price of bitcoin
https://bitcointalk.org/index.php?topic=2632385.msg26796203#msg26796203

A possibility of a price correction was always coming. I think this is due to that. Also those news concerning Asian region might be a factor as well. Hopefully it will not go below $10000.

I'm right here actually, and still saying that its not a bubble nor is this a bubble popping... this is in all honesty a healthy and much needed correction. Transaction fees are at an all time high, transfer speeds are extremely slow, and there has not been any good news besides CME futures. This makes sense!

A lot of people now sell because of the price of + holidays. Buying presents. The price depends on demand and price. I know that there is now a lot of uncertainty about what will happen in January 2018. What will be the price of BTC.

The site coinmarketcap shows that more than 100 billion were withdrawn in fiat, possibly because of this, such a fall. And all the currencies are somehow tied to bitcoin, so everyone falls.

The reason for the downfall in the price of bitcoin is due to the high rate of selling of bitcoins for the festive season.
Going through the site's market cap,  we will see the reason for this downfall as there are a lot of withdrawal of bitcoins into fiat.
I'm very sure the price of bitcoin will bounce back before the middle of January.

Yup the reason what you aid is right, people are converting BTC to fiat to enjoy their holidays. That is why the price is dropping and some panic sellers also selling their coins. But next month again it will pick so don't get panic and just watch the market how it will fluctuate in coming days.

There are some very big guys are liquidating their BTC portofolios. That's why this is happening. Doesn't matter how dip Bitcoin going ! Important is how high Bitcoin can fly soon after. I hope everyone got in on the dip!

In my understanding supply is greater than the demand people are selling bitcoin for cash due to the festive season to have more to spend and that has really affected the price, and also i guess miners has stopped mining which has led to the increase in the fees.

yes, I am of the same opinion, therefore i dont worry. The reason why bitcoin is in the dump, that just expected correction and  exit of major players  for the holidays. Im waiting the growth of BTC and altcoins after 10 januar.

I also think that it will grow again...

The basic reason of the price going down is because of the people who are selling or taking their profit ,
The bitcoin price depends on its demand so as the demand decrease the price would fall down but I think nobody knows if it could goes below $10,000.

Because that's just how it works. The price was so high that people wanted to to cash out while they still can since they're afraid that it might go down again which is currently happening now. Once it's very low, people will buy again. Simple as that. Just wait for the next big news about bitcoin and strategize from there.

there is a correction happening.
and offcourse people are converting to fiat for the holiday season.

the market starts to become more volatile since the entrance of the wall street traders.

expect more

Well the down fall in price of bitcoin is expected due to the fact that many holders of bitcoin will want to sell they bitcoin because of Christmas, but if you are a patient holder you will stand to gain a lot because people will buy again after this season and the price will rise so high that you make a lot of gain very soon. So am not surprise, we just hope that the high transactions fees will will decrease soon if not the transaction fee of bitcoin will eat up all the profit of bitcoin soon.

I think The Sharks want to keep BTC at 10.000$ in 2017. But in 2018, may be 100.000$! So let's hold to die

I think it is going down mostly because of news manipulations.

Well, It is not unexpected. Many people believed I would happen sooner or later. But it is to be seen how much it goes down. Will it go down below 10k or not.

I agree with you, by the end of 2017, our chance to invest in bitcoin, Because the price of the end of this year with the price of dump, then next year 2018 we will get more profit, So we better bit hold bitcoin for long term.

At first i also feel this is cause by segwit2x and futures. But now, i don't think many people interest more in segwit2x, from coin.dance/blocks, there is still no progress.

I think the Christmas and the new year is kind of responsible for this. People are making more transactions with money than online money. I think this "going down" of the Bitcoins value will continue until the end of the month or this year. When the price or value or rate is low, more people will tend to get a hold of more bitcoins. So, draining the value won't be a continued that long. Let see what happen in the first week of next year.

The bank is slowly breaking. The price so high can not last long. I wonder what will happen to the price after the first year ...

As more people started selling, prices began to drop, then more people began to panic, creating a stampede that led to prices eventually collapsing. More people selling their bitcoins for cash for this holiday season that's why it suffer from price drop. In this time lets just hold and be patient because at the end bitcoin will recover and surge again.

Of course Bitcoin is going down. What did you expect after the incredible price rise these last 2 months. And the price will still go down, with the whales cashing out they also trigger small investors to dump. The launch of bitcoin futures also have a part in this price fall. Watch out for the financial institutes. Bitcoin could fall way back, maybe to 8K. Then people will start buying again, causing a new price rise.

Bitcoin price is going down because of the market correction. Everytime bitcoin price reaches certeain level the market will make some correction over the price in order for it to balanced.

More people selling than buying. :-[

Bitkoyn recently has grown very rapidly in its value only due to the exorbitant growth in demand for it, without increasing its intrinsic value. That is, in fact, bitcoin grew like a bubble. Therefore it is not surprising that at some point he stopped in this abnormal growth and jumped back. Perhaps, the upcoming holidays played a certain role in its fall, when people make many purchases and sell their bitkoy for this. Such a drop in the price of bitcoat, I think is quite acceptable phenomenon, allowing you to bring the price of bitcoins to the real exchange rate.

After bitcoin prices rise so high, naturally if the price of bitcoin is now down.Don't panic and keep your bitcoin, The future will rise even higher .. Be patient, And look for the advantages of this situation,

I'd rather hold on it to live

it could be because the panicked traders then may also sell the bitcoin they have because of the continuing needs of bitcoin enthusiasts again move to altcoin so later after the bitcoin price comes in at the price that may be in the sense of being the lowest then traders will immediately buy bitcoin back

Whales are making bucks by margin trading, amazingly how much money they are earning by this fluctation, is just amazing.

I think everybody needs to buy Christmas presents and is cashing out to have money to pay for them  :D

Also simply having a christmas bonus for themselves. It was right at a time that most coins stood very high so it was an ideal moment.

You never know what is gonna happened to bitcoin I see a bright future from bitcoin and it will rise further  more and more..

btc price is going down because it hits $19k too fast the last weeks. So the market reacts with a price regulation. Nothing special so do not panic.

Possibly due to the supply and demand scenario. Lesser supply leads to higher value. Same with increase in demand wherein when people starts patronizing something, the product will incur higher value. In this case, may be demand went down so price also went down...

Bitcoin transaction fees are too high so many people are moving to alt coins. Moreover, it's festive season so people are cashing out. Opportunists will buy the dip and off to the moon again.

Dont worry too much, bitcoin will not fall that much! bitcoin is suffering a fall now because there's people who need FIAT to have a nice Yuletide season but we can expect that bitcoin will back to track and will go over the reached milestones. we can expect a rise after Christmas and fall before new year but will do much better after the 3rd day of the 20018.

The price is going down because right now is a festive season many users or investors is cashing out to be used in holidays. But i think at the end of the year the bitcoin will still increase.

this is the other side of rapidly increase of bitcoin last time i think. but i think bitcoin will back to 18k$ i think just wait for it.

Bitcoin is so volatile. Always remember that. Bitcoin is very different from fiats that are controlled by government. Bitcoin's price can have a big difference of price time to time but fiat's price is stable. Well, Im saying these because this situation what Bitcoin facing right now is very possible to happen. And i think that People who are investing needed a money for the foods on Christmas day up to New year. They cash out some of their bitcoins in able to have money for the foods and gift but You must hope that after this long event, Bitcoin's price will increase. And i believe that this price will not decrease to $10,000 below.

According to Coindesk, the cryptocurrency was trading at 13,155 (£9,822) after its value plunged by $2,000 US dollars in the space of 12 hours.

It comes after a troubled week for Bitcoin in which a cryptocurrency exchange went bust in South Korea following a cyber attack.

Coinbase, another exchange based in the US, also said it was opening an investigation into sharp price increases in the price of a new cryptocurrency called Bitcoin Cash.

I am also very surprised by what happened to bitcoin, bitcoin prices that nearly touched $ 20,000, falling to $ 12000 just overnight, and I am still confused as to why it can happen.

I think why bitcoin is going down because of some of the bitcoin user have no thrust of bitcoin, like my friends. They want to earned fast but they can't so they stop using bitcoin. I want to earned fast here in bitcoin. I want to be a business man by using bitcoin to help my family in our expenses. I want all of my family members become a bitcoin user.

Because it’s no longer going up.

Hi,

Thank you! I believe this is a correct analysis of the situation, unfortunately.
The banks should be banned, not the cryptocurrencies.
9/11 = You cannot see the wood for the trees.

Greetz

It was a pretty good day today.   

I think soma carections going on bitcoin so once carections done the bitcoin value we'll be going to moon soon

No, one Know reason but my answer is bitcoincash it is rising 30%in one day all move to it to make fast money.

now all back to stable

Not only bitcoin down but all crypto currencies also goes down as ethereum dropped 32% bitcoin cash dropped 37% and all other currencies are falling. Major sell up crypto currencies start in the market on Friday. I don’t anonymous reason behind bitcoin dropped out. But bitcoin will rise soon i hope so. Bitcoin is one of the best currency in features and properties if it goes down all crypto currencies will go down.

I think no need to worry or panic very thing will be right and it will start going up again. New year will be great for crypto and in next 2 month all coin will boom.I think the reason that's why people are dumping and cashing out their investment, they needed money to use on this holiday rush. so, we might see bitcoin to rise up maybe next year value will continue to fall down, just hold and buy if you still have spare money.

No one knows the reason bt thats what happens in the market
If the prices rise too high there is a short downfall period
Maybe bt the end of January the prices again would rise by 20%
The market is unpredictable, anything can happen

Here is the real reason:

https://bitcointalk.org/index.php?topic=2705112.msg27688931#msg27688931

because people are going all in into alts

Its a part of game and economically reason is that once too much investment injected will results demand and create shortage of supply which force to increase the prices,and once there is excess of availability but shortage of buying results the price going down.

Yes i agree on that that was really the one of many reasons why btc is going down maybe many people invest into alts.In my part that wad really a  part of bitcoin and that is really normal we dont have to make  our self astonished onthing the changing of price process because from the start bitcoin is really something like pump and dump status .

The Bitcoin Foundation is a joke and it has been known as a joke for years. Maybe 3-4 years ago some businesses wanted to be associated with them and were buying their membership to legitimize themselves, show that they're supporting the idea, but those times are long gone. TBF is a greedy organization with no influence, that's it.

IMO the real reason was the Chinese government threatening to limit power used by the biggest bitcoin mines. Some news outlets like coindesk have been going on and on about it for days.

So, because the bitcoin foundation is a joke to you Tether isn’t real? Is it imaginary then?

https://www.bloomberg.com/news/articles/2017-12-05/mystery-shrouds-tether-and-its-links-to-biggest-bitcoin-exchange

Hey, it’s your money. If you want to hide your head in the sand until you’re broke, go right ahead.

Honestly saying I don't know, I see it go up and down all the time, particularly today could be many reasons.

Bitcoin prices have fallen sharply due to a number of reasons. Bitcoin exchange rate fluctuations have been erratic, mainly because Bitcoin has been hit hard by negative news, Affected by the events of the year such as Christmas, New Year's greetings, etc. The news that Bitcoin is just a bubble that makes it possible for people to sell out Bitcoin all the time is also making the Bitcoin rate drop sharply in recent months.

So, according to you, a bunch of self proclaiming crypoto spokesmen who made a lot of money from selling their elite membership is dragging us in to a bear market.
Tether certainly does look shady. Anyway, the article doesn't prove that they are lying about the money nor does it show the direct connection between it and the BTC surge. It's all guessing and speculation. What does my personal opinion about TBF have to do with USDT?

Bcё кoгдa тo идёт вниз, вcё зaвиcит oт cпpoca и пpeдлoжeния, ecли чтo-тo пpeoблaдaют нa pынкe, cooтвeтcтвeннo тyдa и идёт нaпpaвлeнии цeны Биткoйнa. Taк чтo этo oбычнoe явлeниe нa pынкe.

The only bad news that I recently saw is that Chinese government is closing some mining operations in China.
Looking from a different point of view, it is not a bad thing for Bitcoin, because it will make miners spread around the world, and therefore make Bitcoin more decentralized.

It's just like stock, there is up and down time. Maybe this down time is a good opportunity to buy in.
I think since bitcoin reached 18000, it's hard to push it higher. A lot of money stream out to find some cheaper but valuable coins. Capital always wants quick money.

It's just like stock, there is up and down time. Maybe this down time is a good opportunity to buy in.
I think since bitcoin reached 18000, it's hard to push it higher. A lot of money stream out to find some cheaper but valuable coins. Capital always wants quick money.

yea they are dumping all btc and going all in into alts

Price depends on market demand. i think bitcoin went over price few days ago. up and down is a nature of this crypto market...

Every time there is a swing and a reversal of the market as a whole, from the point of view of trade it is considered an easy discomfort in the apartment (candles).
Soon there should be an increase in correction for $ 12,000 will soon go to $ 20000 .. smoothly.

For sure if you bought bitcoin on the day when you started this topic and until today you hold it for sure you will earn 50 perxent from your cpital because the price of the bitcoin this day is 14,500 dollars this price decrease compared to the last price of the last few days.  Decreasing price of bitcoin it's normal it's part of the bitcoin so it will increase more to the current highest price.  Better if you see the price of the bitcoin decrease better if you buy a lot of bitcoin to earn more profit in the future incase the price of this coin will increase more.  I like bitcoin and I want the price to increase more not to decrease because if the price become very high we can benefits that.

I think the Bitcoin exchange rate will not go down to $ 10000, Bitcoin's lowest rate will be $ 13,000. The reason for the decrease in Bitcoin exchange rate was due to the bad news about Bitcoin, which led to the trend of investing in Ethereum, altcoins and ICO.

Seeing bitcoin's market value falls down is just natural for bitcoin and other digital currencies around. Maybe investors are selling some of their bitcoins or maybe the demand of bitcoin today is low after the Christmas holidays. Well, i just don't know. That's what keeps on bothering me too as to why bitcoin is so stagnant these days.

I don't think so if btc will reach that low anymore because there are more investors are coming in to invest. I guess the flow is just normal in trading.

Its just a normal market cycle. Ethereum is having an incredible bull run now and traders who want liquidity will naturally flock to ethereum.

urgent needs, and large amounts of withdrawal, as well as accurate information, will make bitcoin prices down. well, but that only happens when something is bad. but I'm sure the bitcoin price will return to normal within a few days or weeks.

With it's bullish run last year,  it is normal for the price to drop after that insane 13 leaps and quickly reach $20000. Correction is bound to happen will the fall was not to great because it stayed in $14-15k. Dont be afraid this is how the volatile market works just hodl it may have a bullish run again this 2018.

Of course Bitcoin is going down. What did you expect after the incredible price rise these last 2 months. And the price will still go down, with the whales cashing out they also trigger small investors to dump. The launch of bitcoin futures also have a part in this price fall. Watch out for the financial institutes. Bitcoin could fall way back, maybe to 8K. Then people will start buying again, causing a new price rise.

bitcoin is down recently because it is coming back to its real value, before days ago, bitcoin is being pumped and is given unreal value because of the control of korean exchanges, however, this is not effect the market because bitcoin price is still rising normal.

It is normal for bitcoin to fall from soaring high last year,we cant expect it to be stable all the time, it also depends in the demand on the market.Last year big investors and holder cashed out bitcoin for  holiday purposes due to sudden surge of bitcoins price.Nowadays lots of new coin keep popping out that result a competition on the market,also other holders uses bitcoin for purchasing other coin.Bitcoin might having problem from the time being and unpredictable.Lets just hope it wont drastically fall really low from it was before.

I personally didn't know also why bitcoin is going down, and because of in accurate information that has been published in some social media instead of making hard for me to think why, I used to set in my mind that this phenomenon is a coomon thing that happen even in a real businesses out there.

That's right, there is nothing we can do for that to hold and keep bitcoin always having a price. Market price always varies in supply and demand, and we can't control it especially the numbers of investors coming in which can contribute a lot of changes in the market trend.  

I think because of low supply to the market   

agreed,
law of supply and demand.
we really can't stop anyone from selling their coins.
it is theirs they are free to do what they want with it.
hence we really can't control the market if some people will sell due to panic, fud's, etc.

Many factors were need to be considered for the reason for this. It can be a normal reaction of the market and many were just taking profits. Remember that this season, many traders or investors are making this move so it is normal for a coin to plummet or dip. It will eventually climb to its range once investors come back in. Bitcoin is also volatile regarding news and many were being affected by FUD. Because of this many were panic selling and regret later on. These news, intentional or not, extremely affects Bitcoin which can be an opportunity to buy or the other way around. Just believe in Bitcoin, you are in good hands. :)

we are dipping even more omg

This week every coins are going down, maybe cause the korea problem

Could you explain what you mean? What aspect is the crucial one?

A couple of days ago South Korea announced it would ban cryptocurrency exchanges. Right now it's not clear if it'll really happen or not, but it had it's effect on the crypto market already...

Many factors that affect bitcoin prices fall this month, after the end of the year bitcoin reaches the highest price at 20k $ is considered quite expensive for some bitcoin owners and they sell it, Christmas celebrations and new year that require funds also affect bitcoin owners to sell it, as well the existence of statements of some countries that bans bitcoin makes a bad fundamental to bitcoin prices.

I don't think it will go down deeper $10k. The huge dump of bitcoin price really affect the trust of some individual who are still doubted the capability of bitcoin. That's why they are just selling their btc even in lower price in order to recover their investment though they losing which is for me that is not a good idea. I know btc will recover soon, we have to patiently wait for that and then sell.

All I know why bitcoin going down is, this is the best opportunity for us to buy. Why being panic when you know that bitcoin will going to rise soon. It is decentralized coin, I believe sooner or later it will sharply go up.

 Always there are two sides of a coin, always there is a dark of night after the lights of the day.  Up and down is definite and certain in a circle which is always moving.

But some times it is natural and other time it is man made.  Every business idea starts honestly and with hard work but when the time comes getting fruits of it some cheaters; fraudsters ; thieves; decoits will attack and will try to take away the profits from the innocent; honest entrepreneurs, traders, inventors, investors etc. 

I think the same thing happening here in crypto market.  Like in share market there are speculators all the time pushing and pulling the share market upwards and downwards and surprisingly they gain from all the ups and downs of the market which is dancing at their commands, but innocent investors unknown of all the cunningness of those speculators, loss their hard earned money they invested in the share market with the hope of earning some money from there.

In the same way I think it is happening because many speculative investors have entered in bitcoin business and they are all creating this type of speculative artificial ups and downs of prices of bitcoin.  Investors must be careful while buying and selling because it should be done only after deep study of the market and not blindly otherwise he will burn his hands only.

me also, i dont know the real reason why btc price down so fast,
maybe due to market demand fall down or lot of coin holder are selling thier coin.
for now i set my mind that, whatever the price goes it doest matter as long as btc will not gone.

bitcoin is going down because if you check historical data,  this is the period bitcoin dumps first each year and also it probably does do because many people cash out of crypto  at the end of each year and are slow to invest back at the start of a new year.

The fall in price is because of its less demand in market. And demand is getting less because of increase in demand of etherum and other alt coins with good potential.

Dont be afraid because correction is normal in any investment like cryptocureency. This is healthy run of bitcoin so it is not just growing without any correction because if the correction takes a place then will be huge correction and its very dangerous.

bitcoin is very low recently because the market is very unusual, and the demand for every high however the price is extremely low that makes bitcoin unstable whole week, so using this time to buy some bitcoin now, because when bitcoin rise again we may lost that chance forever.

Decrease in bitcoin, increase in demand. Just strategy

for topics like this I think there's a lot of discussion in this forum. you can be more thorough. but apart from that if I may argue, the rise or fall of the bitcoin value is because it is influenced by market demand with bitcoin reduction ascertained due to the current supply increase in the market that causes the drop in bitcoin prices but I think this is quite relevant because the current situation needs more budget .

I think there are some people who keep on hold bitcoin because last month bitcoin price was very high and then at the end its price become low so the reason was people keep it on hold because first they were selling bitcoin when bitcoin price was high at start of the month and then when it’s price start going more high so people stop selling and people keep it on hold so the price become low and same its happening again here.