Bitcoin Forum

last couple of weeks bitcoin price dropping down too fast.Many crypto investors are getting worried for this reason.

I can't vote on the poll right now, since there is a possibilities among them all of the reasons behind why bitcoin price is getting low and dropping. A lot of us are getting worried right now even me, I am also getting worried about it. I don't know if there is still a chance that bitcoin will increase again this year, or maybe this is not a good year for bitcoin.

It is good to see somebody sensible after all these posts yelling buy buy buy.   Bitcoin is soaring to the moon.  It isn't.  I think there is every chance of a much bigger slump in the next few hours or days.  People want others to buy so the price goes up and then they can not lose so much money themselves.

Most traders have pulled out their assets first and from what I see it, it's just another expected drop starting from December 22, 2017. It's the time of the year again when the price couldn't give a hearty push since most of the momentum has already faded away so it needs to be weeded out of weak hands that only wait for the price to increase but would sell at a loss whenever they see the price tumbling down hard.  Almost all cryptos lost a significant amount on their market capitalizations and the bloodbath isn't even finished yet.

The drastic drop in Bitcoin's price is just a normal circumstances in Bitcoin's price cycle. History has proven that every first quarter, specifically on the month of January, Bitcoin's price really does goes down. If we could recall, the hype of Bitcoin ended somewhere at the middle of December. Therefore, the recent drop/crash is just "laying low" of the last "bull run". If you'll ask the old/experienced "Bitcoiners" they are waiting for these kind of drops so that they could buy more at the lower price. After these drops we'll see Bitcoin flying again ;)

This is because many of the investors just sold out their coins (Panic selling all coins at higher rates). They have left the market to drop the value of Bitcoins. We will see the raise in Bitcoins prices soon.

Let them, bitcoin moves like this, anyone that spent a few hours looking at the charts will understand this, those worried either did not knew in what kind of currency they were investing or invested money they could not afford to lose and I'm not sorry for any of them, bitcoin is a risky investment and you need to be prepared not only to earn a lot of money but also to hold for a loss if it is necessary.

It's only work for beginner in cryptocurrency or a newly starter investor.
they do not know how it works,
but for them who joined it for a years,it won't bother them but instead they're seeing it as an opportunity to buy.

and what is going on with it ?
nothing,
it's just time for it to stabilize itself and build up its support.
it's a cycle.
when it get a pump,someday it will get a dump.
because it need a correction to make it healthy.

You didn't include enough options IMO. The real reason is because this insanely high price wasn't even close to warranted in the first place. There are gov crackdowns going on, private company crackdowns, alt coin competition, transaction/scalability issues, etc... I won't be the least bit surprised if bitcoin's value is $0 in a few years. This bitcoin price hit is different from all others in the past, and I've been following this since mid 2013.

If those who bought at ATH of BTC are going to panic and sell. They for sure are going to lose money in the end, all they need is to wait. Unless they invested their money that are for their meals next month they will definitely go hungry, will lose inhibition and curse bitcoin lol. Who ever pumped it for a year, really planned it good.

Yup history might indicate or says that, but this time not only the usual factors lead to this dip. This is simple a crash which such a huge dip. Panic selling, false news hype by news media house and warning from top investors or analyst has triggered this along with the usual yearly first quarter dip. This had to happen as the way suddenly Bitcoin got hyped so much and blindly people invested without knowing anything and then slight dip made all those idiot fear it, leading them to panic sell.

If 20k was not realistic zero is even more unrealistic, do you think that with all that is behind bitcoin, like the miners, the devs and the community the price can reach zero in a few years? Sorry to disappoint you but it is not going to happen, the current price is closer to the real value of bitcoin but as we know this can change due to external influences and that is something we will have to accept for a long time.

Regular drop down from whales.

What happened is that, after futures got announced in late october, big money jumped in, resulting in those spikes in november and december. This tempted the whales to dump their reserves. Also some whales might have bet for shorts in futures too, so they dumped hard. The panic spread to the newbies, and then the market crashed.