Bitcoin Forum

Many government has said it will tighten virtual currency management, causing Bitcoin prices to fall below 9,000$.
Bitcoin prices traded on Coinmarketcap at 8:40 am on Feb. 2 were around  8,779.76$, losing more than 14 percent of yesterday's value.
Compared to the peak set in December 2017, Bitcoin lost more than 60% of its value.  :( :( :( :(

Do not need to be sad, it's just getting Bitcoin back to health, bitcoin's skyrocketing health before it's predicted that there will be a lot of people joining the world in 2018, so we'll be looking forward to the 2018 bitcoin.

no ! bitcoin drops because people dont believe in the tech ! they just wanna make a quick buck, so they sell when they think its not profitable

these people will pay the price in the future

With this i can fully agree. People are mainly buying bitcoins and crypto overall because they want to earn money, more like investment rather then using it as currency. To become independent from banks. Sad.

Don't you worry, don't you worry child. The heavens got a plan for you. Don't you worry, don't you worry now. Yeeah.

Calvin Harris - Don't you worry child :D

It is because Bitcoin price can be manipulated and it is very volatile but we should not consider Bitcoin as dead the price is not dropping dramatically, it is very slow but also gaining slow just one good news and bitcoin is back on the right track again.

There's a lot of government going at crypto right now. Its a fact. From Asia to Europe. And this is a big hurdle that we all need to overcome. We are down but not out yet. But I advise you to look at crypto investment for long term. As much as everyone wants to see it hitting $20,000-$30,000 today, it will not always be the case. But if you recall just a few months back we are just about in the same range as today but then bitcoin shoots up to almost $20,000. So don't lose hope, bitcoin is very resilient from this kind of market correction, it keeps bouncing back and hitting all time highs afterwards.

I don't care about what governments say, it is a correction which need to be happen to me. I don't care I am always winner at both direction.

Actually we all give support to Bitcoin to change something on traditional economics. We should not care speculations. 

For me what happened is not manipulation but rather influence. Government cannot actually manipulate bitcoin since no one is owning it, what they do is that they influence their people  or simply scare them to stay away from cryptocurrency specially bitcoin. I believe in the near future, government will stop from doing this if they see how they can help their people to make a secure investment with cryptocurrencies.

it is true there is some news about bitcoin which is about banning of bitcoin this is causing the reduction of investors out of bitcoin. but to date I'm still optimistic that bitcoin will again have an inflated price. it's just a matter of waiting time until bitcoin again has a very high value.

Well, a lot of bad news has come this year 2018 but that doesn't mean that it is already the end  of bitcoin life as a matter of fact we are experiencing this just a test and it is just a normal behavior of one investment, so for me at some point media has a big impact in the price but would still stick to bitcoin no matter what.

Price going down, protocol improving constantly... who cares about the market price.

The Government seems jealous to bitcoin, being itself decentralized yet so expensive makes the Government to envy it and doing things that they think could destroy bitcoin slowly and so on(though there are some countries exception here). China is one of the countries showing envy to bitcoin, they banned ICO's and their local exchangers and that caused bitcoin's price to crashed.

We don't know when will be the bitcoin's price is going to be stable again, for now, we should just hold our bitcoin, have patience on waiting until it skyrocket again to not waste profits.

You make good point. Since many countries have made regulation about restricted the using of bitcoin as digital payments transaction. So bitcoin has stuck, it's now difficult to find big retailer or companies that want to using it as payment method. They will certainly start thinking not to against this regulation. While this crypto technology is raised as an idea for online payment system renewal without a third party as its organizers or involving Bank.

The effect was people nowadays starting buys Bitcoin for a trading asset only, nothing more interest in long hold investment. They are looking for fast gain profit from volatile market then sell it after. This is what makes things going worse. Bitcoin is no longer seen as the currency of the future, but rather a trading tool like gold, forex, commodities, etc.

Another effect of the drop is due to the increase in price ,new investors could not meet up with the price so they have to go for other Cryptocurrency an  history also shows that at anytime Bitcoin crash there is also a big increase in price.

expect a nice pump coming in a few weeks. then everything will reach new all time highs! believe me guys , the history repeats itself ;)

There's nothing to worry about.
The story is repeated, and before that there has been such a drop of 60% but then follows an increase.
This is normal in the world of Bitcoin.  :)

The reasons why bitcoin prices dropped is....what the title said is, The Bad news..
Here is the bad news.

1.) Facebook ads ban.

2.) India's cryptocurrencies crackdown.

3.)bitfinex and tether concerns.

4.)crypto exchanges hack.

5.)Inherent volatility

I think that is the reasons why  bitcoin or altcoin price dropped.

compared to the peak set in 2016 bitcoin have gain more. don't just focus on the present you have to look back at the past because it will change the way your thinking. many have buy bitcoin during in it highest hoping it will give quick profit now that it is dumping they also start selling it. some big group/holder can manipulate price to their own will and maybe they are starting a big plan this year.

I don't think it's only because of the bad news ,I believe the growth of other cryptos effects bitcoin. The high price of bitcoin and the good performance of some crypto currencies like ethereum in small price compared to bitcoin make investors to choose those cryptos to invest.

I think the price are now moving compared to it's price this last days. When I first looked at the price it is at $8.1K but now it is slightly regaining it's price and now at $8.7K. I just hope this increase will continue proving those people who are saying bitcoin is dead and it is time to sell that they are wrong. I wonder who sold their bitcoin at that kind of price.

Don't say that bitcoin is dead mate, because I think the current challenges that bitcoin has as of the moment was just normal and since we're now at dumps state we should be able to sray calm. Just wait for the good price to gain its value again so that eventually we can come up to a point that holding a digital asset is worth it. The dip was temporary and I believed that everyone will develop again their interest with bitcoin, and those bad news will seemingly stop.

I think you’ve mentioned most of the reason (specifically this 5) but you’ve forget the most important one. The “investors” that who take advantage to it and the one who suffer from it.

• The whales ~ they really wanted an scapegoat to sold they’re hold bitcoin and buy on dip. They’ve hold too much since last year and they can’t cash out without no valid reason that might hidden they’re transactions with the crowd.

• The newcomers ~ those who buy bitcoin at high price 15000$ - 19000$ without proper learning on this investment type. Who relatively came on hype and never even bother to be patience and turn to panic selling.

It’s just an addition on what I think triggered this continuous and controversial decline of bitcoin price.

The prices are down by almost 60% within few days and all this is because of negativity and government warnings in different countries which is causing dump situation in market as prices are being manipulated but bitcoin is not dead and it will recover soon and come on the track once again so just have faith and be patient.It is the time for the investors to grab the opportunity and gain profits in the long run.

until the crypto currency is legalized in most of the leading countries of the world, then we will observe exactly such moments and situations with our investments in the crypto currency. Prices will fall, because the reality is very bad news in the circle of crypto currency.

If bitcoin will be down. People will be invest and time. The wait for the same week for the price increase. If increasing the prices it will sell on time. People get more profit from bitcoin. So people check the bitcoin prices day by day in the market places. It's time to change the price. So people away share the information for the bitcoin future growth and share the bitcoin price list. You will check the coin disk for more information.

Due to the fake news spread among the traders,they sell the holding bitcoin with low value.Now the price of bitcoin is raised,and seems to be raise more in very short period.So hold the bitcoin in your wallet and sell when the price reaches moon.

Well those who ae relatively new to bitcoin  and crypto world will end up selling the bitcoin as we can imagine the situation for those new investors as once they invested value of bitcoin has been dropped more than 50% and to add more fuel to fire these bad news of some countries trying to ban bitcoin and all plays a vital role in this situation.

No, you shouldnt be worried about how much percentage does bitcoin lost. Government they're always around trying to minimize the use of bitcoin, but they really cant. Fact is, bitcoin today can be manipulated by those big players. New investors normaly panic during the price goes very deep just like today, and sell every coin they have to avoid further loss, and thats how the big players like it.

and together with the altcoins,bitcoin atlast doing better now..maybe the holder realizes that they may have lost the opportunity of gaining profit if they continue to sell the coins,this is the effect of having lots of panicking and many weak hands,.users that just sell instantly when bitcoin drops prices even just a small amount..they are not making any good for the forum.

Yes, that would be the reason why bitcoin price dropped. Many government now trying to regulate crypto has created fears to people that resulted in panic selling. News through the media is just powerful that if affected the price of bitcoin.

Yes, sure. Here you can be a winner even when the market is falling. Use this time as the best period for the most profitable investments. Now you can buy the coins for less to sell them later for the higher prices.

If we really know what bitcoin is and how it could possibly change our life and the life of our family and even our country then we don't need to rely on those news, just read news about bitcoin daily thru legit sites that makes a transparent news about bitcoin, don't rely to them as they won't give you concrete details but rather would manipulate and exaggerate news.

That is true. Bad news as well as the good ones always have the strongest effect on Bitcoin. The rumors about bans pushed the coin down.

Yes you're right mate, it's because of the bad news created by many critics against bitcoin or crypto currency. Maybe they trying to break down the price of bitcoin until to reach the zero value but I'm not sure about that. hopefully the scenario will finish as soon as possible.

 because also of some noobs nowadays  spreading some FUD new which caused why the price is very volatile and not just so volatile it is also going down gradually. For me i think more  people believing in the tech  , but the problem is when the volatility occurred they are panicking due to the fake news and thier emotions , that is the common problem here the "emotions" which during the volatility.

I see it as people do not understand the technology behind Crypto currencies and what they do not understand frightens them. This is why the big gurus say crypto is bad and needs controlling. This is a repeating cycle from stocks back at the start of the last century......

LOL, if it were so then other cryptos wouldn't have dropped down as well. Pretty much all cryptos have fallen down to about 50% or more from their ATH. Ethereum was showing some resistance initially but it fell down as well.

I assume some people afraid bitcoin drop down fall value, and hear that bad news many investors sell their bitcoin.
But in my positive thinking bitcoin drop down is big opportunity to us, why? Because we can buy more for invest, hold and when the price up we get more profit. I pretty sure bitcoin can up and shine again.

Many bitcoin holders are easily overcomes by FUD and other bad news causing to sell their bitcoins because of fear. Selling will eventually affects bitcoin price and result to correction or dip. Another cause of bitcoin price drop is the dumpers and this usually lead by whale who want to control the market. The high volatility of the cryptocurrency makes them vulnerable to price swing.

I will mention here also Chinese new year (February 16) people are withdrawing money, same happened with the prices (falling down) before Christmas.

It went down to $7,344 so this is the result of the different agencies and government tightening out their own battle against bitcoin and other cryptocurrencies as well.
With these events there are too many beliefs that they need to follow and do something because of their wish to be prosperous so this Chinese new year is still an accountable reason for this down.

The stock market is falling as well. The FT100 has hit a 2 month low. The Dow is down again. See

http://www.cityam.com/280052/ftse-100-falls-steeply-global-stock-sell-off-continues

So it's not just bitcoin. What we are seeing here is the start of a secular bear market when all assets fall and money goes into cash. This usually happens when investors suspect there is a recession coming in 9 to 12 months.

Bad news sure had the negative effect, but there is another reason of this fall I guess. Huge players on the market want to get BTC for less.

I think this is a very good point..... Had not looked at it this way before.....

don't worry about that news my friend its normal, yes we know that for now btc is dropped for series of week and not every time bitcoin has a higher value but  remember the word volatile for now its fall down but wee don't know on this following week day its value will rise again be patient and optimistic this is just a game.

I think also that. Bitcoin is on now correction. Governments can say anything on their on way but Bitcoin will survive it is sure. All the crypto currency are depending on bitcoin. So we shouldn't be worried to hear any kind of bad news.