Bitcoin Forum

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

Why you have a doubt in that. Bitcoin is the best asset as compared to gold,silver, diamond than platinum. You won't get this huge profit as you get in bitcoin. If you had invested in bitcoin, you will get double or triple of invested money.Now the price of bitcoin is reducing ,don't sell it know.If you hold means,you will be rewarded for that.

Pretty certain it's due to Asia banning crypto? Am I wrong?

I think this is the result of panic in the entire cryptocurrency market.
All countries are ready to do more regulation of the cryptocurrency market, while facebook has banned the advertising of ICO, and the recent bad news has been too much, and everyone has lost confidence.

This is due to South Korea, Facebook banning all ads that promote cryptocurrencies, India govt news about bitcoin etc. Also Panic sell and whales play may takes place. At the moment no panic sell. Hold your BTC,,, HOLD HOLD HOLD HOLD HOLD HOLD. buying time.....  IT WILL BOOM SOON.

You as a full member of the most active bitcoin forum is supposed to behave two ways:
1. Know what is causing the dips and have more to say than "Any idea what caused it?"
2. Be least worried about it as you should be comfortable with the ups and downs by now because you believe in the technology and philosophy behind Bitcoin.

If you still have to ask such a newbie question then you are part of the reason that Bitcoin is going down. People who had no idea and no interest of the underlying principles have invested in it thinking they'll become billionaires like the winklevoss twins (http://fortune.com/2017/12/04/winklevoss-twins-bitcoin-billionaires/). This has made it susceptible to the stupidities of teeming millions who believe and form their viewpoints from 21st century media.

Bitcoin is the best asset compared to gold, silver, diamonds from platinum, I think this is the result of panic across the cryptocurrency market, All countries are ready to do more regulation of crypto-card market, while facebook has banned the advertising of ICO, and bad news - this has been too much, and everyone has lost faith.

I believe that this is pure market manipulation at this stage. There are some major speculators with lots of money that entered the market lately and these guys have bought enough bitcoins to manipulate the market. They are slowly dumping these coins and artificially forcing the price to go down. ^grrrrrrr^

The South Korean government already announced that they are only going to regulate Bitcoin more, and they are not planning to ban it and the same goes for India. This tells me that there are other things pushing the price down and the only thing that can do that, is the institutional capital that has entered Bitcoin. ^hmmmmm^ 

Due to the negative news from couple of country regarding the ban on crypto currency have really hurt the bitcoin prices badly as people across world have sold in a panic situation. Though the news that India has ban the coin was media misinterpreted news that caused more the damage to the fall.

Market Downturn? Consolidation? Market consolidation before a crazy boom up to 50k?

Different people are going to say different things about the market of Crypto, who knows what's going to go on. Though the only thing that I personally think is that some fake news scared some people in Crypto and led to a good amount of people selling off, that's my take on it though, we'll find out in a week or so whats really going on.

Many people say it's because of the Asian market!

India's markets are in trouble, and the ministry of finance said in a statement that the encrypted digital currency was not a legal tender and was not subject to regulatory approval in India and could not be protected.

India also accounts for a large part of the BTC deal!

Bitcoin price is going down because of the production and also demands for bitcoin is going down also. The other altcoins price goes up because it steals the investors of the bitcoin. We should promote the bitcoin again to make its price goes up again. This will help the bitcoin and we also benefits from the bitcoins price and earn an income through it.

I think this forum is open to ask any question regarding bitcoin, if people like you are admins then no one can learn anything here. At least new members can learn something from these questions.

bitcoin fall always at the start of the year and always jump to its highest every november to december
sometime its always drop before christmas maybe because almost everyone sell some bitcoin for cash
after the drop in the start of the year it always climb slowly then jump high then drop but you can see that the price of bitcoin dont drop in the lowest price last year and it always break the highest price in the last year so we can say that in bitcoin you will always gain profit if you will just hold it and sell next year

I don't know what will be happen , but I trust btc will be grow and up again ,regard my bro

It is now BTC is down, maybe in March and next month BTC chart will rise. Hopefully

i have a new idea which came to me just now!

maybe it is the altcoin bubble bursting that is also making it worse for bitcoin. you see all the altcoins were pumped and were in huge bubbles which have been bursting for the past week. and many of them have no way of going directly back to fiat so the way to choose is bitcoin.

people dump their shitcoins for bitcoin then sell bitcoin for fiat >>> bitcoin drops is intensified.

because of scam ico, i think

It same with life,,sometimes we will be down too not always on top...i think will be passion still hold that,,,I'm sure will be back to normal soon for bitcoin..the effect is that the exchange rate to the currency becomes cheaper but not problem if you have much coin

A relatively big part of Bitcoin's dip in price would be the recent negative news about it being not accepted in certain countries and platforms. This includes the recent news on Facebook, China, and South Korea among others which have contributed to its price decrease. Although given this output, the strategic thing to do is to hold on to your bitcoins instead of cutting costs and selling them due to panic. After this dip, Bitcoin will slowly rise again through 2018 which would give it a better price for investment ratio.

Some people thinks that Bitcoin reached ATH and there is no way to go back there again. Some of them are panic seller's which are left industry with a lot of loss and regrets to buy Bitcoin. Speculations are behind them all and started domino effect. People who believe to Hodl and continues to collect on dips will be get some gains. 

I think a large part of this is because many Asian countries together publish the relevant policies on the prohibition of bitcoin trading, which gives investors a big blow.

I think the main cause of the very hard going down of the bitcoin is the panic selling of the bitcoin, It is due to the non.stable people becasue when the see a little fall in the value of the bitcoin the use the bitcoin and as result the value fall a little more mean while other people think that bitcoin value is going down and start panic selling of the bitcoin , when panic selling starts the value of the bitcoin hard down.

Yes may be a lot of people who sell BTC, so the price of BTC will be down whether it will be how much? Probably will be back again to 50 million in IDR again, everyone already knows BTC is likely to rise again as late as last year which touched 300 million in IDR, but all that happened many factors, factor of game market also can, game holders BTC at most, or the people who have a lot of money, can monopolize the BTC market, can play the price of BTC as they please, yes happy that many BTC can follow ERA BTC

You know.. that's because.. there were a lots of false news about Bitcoins being banned and other bad news too but infact it was just an exaggeration of some small news in which many Asian countries were gonna regulate Bitcoins and none banned them till now.
The Korean Market was shut down and India was also giving negative comments about Bitcoins thus ... Everyone thought it's the right time to give up hope

Things are on track though but it will take some time.

Last bad new what i seen is what China block cryptocurrency ads in search engines

that was mostly FUD and only partly true.
some Asian countries like China banned ICOs which have nothing to do with bitcoin and bitcoin trading. and most of them regulated exchanges with some restrictions on them to prevent illegal activities such as money laundering. again it had nothing to do with bitcoin trading or bitcoin itself.

but the media loves bullshit like this, and they exaggerate it. and most people don't  care enough to check the source of the news they just read on a trollbox that "china banned bitcoin" and start panicking.

Bitcoin has been banned by many countries and facebook too. Bann on bitcoin has made many people to think about their investment in bitcoin. They are loosing interest in it. These reasons are letting bitcoin go down.

Bitcoin and all cryptos haven't been quite the same since we've been blessed by the arrival of the CBOE and CME. In fact, the crypto space is beginning to resemble the PM COMEX controlled stagnation of the past 3+ years. Of course it's coincidence.

The course is specially tipped (a group of influential people) to buy bitcoin at the best price, the most stressful and patient investors and traders will survive and earn. Do not panic, my friends!  ;)

There are two most prominent underlying causes for the huge decline in value of the most powerful cryptocurrency early this 2018. One is the prohibition and illegalization of bitcoin and all bitcoin-affiliated activities in China, Korea, and Vietnam, some countries that became a huge contributor to bitcoin's growth. And another, the practice of panic selling by a huge majority of unwise investors that thought bitcoin would get down just because of the small decrease in value of bitcoin.

It's getting harder to understand the reasons of the actual decrease in the market when it continue dumping in prices and marketcaps and circulating supplies. Analytics try to evaluate the position of the crypto market with the old traditional explanation that no way traders are getting fear from many causes. In my opinion i can mention some logical reasons as a crypto enthousiasts and an active follower:
- What professionals call it "correction" and this was expected due to the great growth in the last three months when bitcoin reaches to 20000$ limits.
- Last rumors about Korea and India that preparing to ban bitcoin utilisation due to its big volatility but the two government denied the rumors.
- Last successful hacking attack to the second great platform in Korea and the lost of more than 200 m$. Note that 1/3 of the youth population are inveting in cryptocurrencies.
- One last thing about Tether and Bitfinex that the USA government verify the equivalence of dollars besides Tether after observing the creation of more than 50 m$ in less than a week.

There must be more reasons but may be we can't see it now till it passes.

i dont know the exact cause of bitcoin crash value.
but i read from some source, that is because the chinese.

I think for so many wrong speculation and many fake news which can be accredited by some investors, and in some countries planning their strategy to penetrate and destroy the reputation of bitcoin.

I think there a panic in the crypto currency market that affects the bitcoin, It could also happen because there is  problem in other countries when it comes to legality and regularization polices. But we re in a digital technology and anything can happen and and everything is possible. There could be more reasons behind it and it can be known to us. Patience is a virtue,so keep on holding on for your own good.

Actually, I don't really know what exactly started the dump on its market value but chances are high that it has something to do with the demand in the market. But surely, this is jist normal and is only temporary. Its price will eventually increase so for now, investing to it and holding will be more necessary. Just believe and continue holding.

A lot of bad things happens in crypto world that affects the price of BTC. But I am still positive and hoping that it will all ends.

There are a lot of dumpers who are holding bitcoins that resulted for bitcoin to have less value  . Just like what happened in one country wherein most of the holders of bitcoin sell their tokens because of the fraud news that they've heard spreading all over social media. Bitcoin users must hold patience and trust also in order to achieve what they perceive on their future. We have to double check, validate and do our researches especially when there are news that come up pertaining to bitcoin.

Bitcoin price increases for all the possibilities mentioned. Suddenly, if any fraud or fraud is detected, its price decreases. Again, if any country is declared illegal, or if a country is in favor of this currency, the prices will get reduced or increased momentarily. The price is very much a psychological phenomenon of people. Then there are other sign currency positions. If news, Etherium or Ripple will be future coin, then Bitcoin will be reduced. Bitcoin prices rise due to these reasons. In this case, the profiteer big crocodile investor can invest a lot of time by increasing the price of Bitcoin, and suddenly it can bring down all the money.

a wumbo combo bad news that cause Bitcoin goes down , and i think the facebook ( mark ) banned about crypto ICO is the most part that make this crypto go down

I would say due to the fights against bitcoin
in various country that could cause the price
to be so low, the government are trying to control
this virtual currency called bitcoin in may ways.

Bitcoin’s price goes up. People are tempted into buying Bitcoins for FOMO and because everyone else is going long too.Bitfinex sells you Bitcoin and other crypto for real money, charging you fees for transactions.cryptocurrency created out of thin air by Tether and then transferred to exchanges like Bitfinex where it’s used to go long on Bitcoin.so greatly amplifying the effect.

Due to china banned all cryptocurrencies and blocking access to both domestic and foreign services and USA also banned credits card customers from buying cryptocurrencies, India and south korea fuds, this is the reasons why the market's is down.

For me bitcoin goes down hard recently simply because it is getting more and more stronger and a high also in price quickly. The effect is, most people interested on it,  investing, thats why bitcoinworld is wider and wider than others

you may ask, what is causing the decline in the value of this bitcoin digital currency. to understand that, one simple example is ,, if the quantity of a thing is a little then surely its value is high ,, and vice versa

There is a very important milestone in the US tomorrow. Tuesday 2-6 Congressional Meeting on Cryptocurrencies.

The Senate Banking Committee will take testimony from Commodity Futures Trading Commission Chairman Christopher Giancarlo and Securities and Exchange Commission Chairman Jay Clayton.

There are many factors that contributed this crash,as you know the price was having a bear run last year without even looking back and the price was soaring like anything and we need to have a correction every now and then to have a sustainable and healthy market,fear of ban and regulations have caused this panic situation.

I think bitcoin is going down because some other  currency banning  in  they're country. that the cause of bitcoin currencies going down in the market.

Asia did not ban Bitcoin or crypto at all. They just made some restrictions and offered people who are in crypto to pay taxes for it. They also said they would be very strict with those, who use virtual money for criminal purposes.

Currently the market of the cryptocurrency facing big dump , but we should not forget that the people who are withdrawing Thier money from bitcoin are putting back in the another coin like etherium , dash which are a big part of the cryptocurrency work economy .
Here we need just to see the factors that usually happen in the cryptocurrency market i.e when price of bitcoin will up then altcoins get down and vice versa .
Here the down in the Bitcoin's price is only due to that reason of the negative news that we coming day by day , but still many positive factors are running in this field , so wait for few weeks until we came across the big pump ( i.e increase in demand rapidly after numbers of positive news ) .

China started it and then there is this statement that is made by the Indians about crypto currency that is said that fuel up the dump. I do not know if this really is the reason but all we know is that dumps commonly happen on digital currency, in time it will currently pump, we just need to wait for it.

Yeah, FUD. I thought so... It saddens me. People give their power away to fear all too much

I kinda believe this is a strategy to get everyone to sell so that once the market is cheap enough, these countries will buy in and take control... and try to take power over us like they have done so in the past. That's why I am pushing for people to HODL

I even read somewhere that the biggest bank in the UK is banning all transactions to crypto... But again, how do we know if any of this news is even remotely correct? Fake news isn't a scarcity in 2018

I think the reason why Bitcoin goes down, because the Facebook is banning the ads about cryptocurrency and the other reason is many countries banning the cryptocurrency. They ready to do more regulation and many people are being panic.

https://qz.com/1200204/bitcoin-regulation-cftc-and-sec-weigh-in-on-crypto-oversight-at-us-senate-hearing/ (https://qz.com/1200204/bitcoin-regulation-cftc-and-sec-weigh-in-on-crypto-oversight-at-us-senate-hearing/)

It seems that, in short, from the US, at least, (we can address Asia after);

- The SEC is going after ICOs = Clayton (head of SEC) says every ICO he has seen has been a securities offering. The problem is, none of them has registered as offerings with the SEC. “ICOs that are securities offerings, we should regulate them like we regulate securities offerings, end of story,” he said.
- The SEC is going after lawyers and accountants who enable illegal ICOs = “A note for professionals in these markets: Those who engage in semantic gymnastics and elaborate structuring exercises…are squarely in the cross-hairs of our enforcement division,” Clayton said.
- But some ICOs, like those conducted with a “SAFT” agreement, are probably safe = "This includes some of the biggest offerings of last year, like Filecoin, with marquee investors like Union Square Ventures. “I don’t think it necessarily follows that the SAFT is within the SEC’s sights,” said Preston Byrne, a structured-finance lawyer and a fellow at the Adam Smith Institute. Byrne has been a major critic of ICOs."
- The SEC draws a distinction between “pure cryptocurrencies” and ICOs = It’s not entirely clear what that distinction might be. But Clayton said ICOs should be regulated like securities offerings, without mentioning the regulatory status of “pure cryptocurrencies.”
- US Congress could give the SEC or CFTC more powers to oversee cryptocurrency exchanges = “I think we may need [additional legislative authority], I think we may need it,” Clayton said.
-The FBI is assisting = The FBI has recently seconded agents to the CFTC to analyze transactions in the bitcoin futures and spot markets to detect signs of terrorist financing and evasion of sanctions by countries like North Korea, Giancarlo said. The oversight might explain the recent bitcoin price crash. Said Giancarlo, “Word is getting out that we will go after misconduct, I think you’re seeing it in the price, and it’s an important step.”

^^ this/these statements hint at more regulation in the USA, giving cryptocurrency, or whatever it gets deemed in the future, much more viability in the long-run, not other way you can interpret direct quotes from the hearing today... so, yeah, while highly volatile because of recent Asiatic activity, I think it's safe to say, we're moving forward with it, regardless, in one way or another on a global scale.

oh, and this gem, which I don't quite understand;

- Don’t expect a bitcoin ETF any time soon = Clayton said the fact that exchange-traded funds (ETFs) are aimed at long-only retail investors, combined with issues concerning price discovery, custody, and volatility, mean that the regulator isn’t comfortable with green-lighting any applications yet. The crypto industry believes the hearing went well. Both Giancarlo and Clayton talked up the potential of “distributed ledger technology,” although Giancarlo noted that there would be no blockchain without bitcoin. The technology has “enormous potential,” Giancarlo said. Jerry Brito, the executive director of Coin Center, a blockchain-focused think tank in Washington DC, said the hearing showed that lawmakers want to fight crypto frauds and scams while letting Americans exercise a right to own cryptocurrencies. One prominent lawyer, who advises corporations on cryptocurrency matters, judged the SEC chief’s comments to be “neutral” while assessing the CFTC chief’s remarks as “positive.” Crypto is turning out to be the rare industry where regulation is welcomed rather than opposed.

...because of this recent article (which already dictates that exists an American ETF).

https://www.theglobeandmail.com/globe-investor/funds-and-etfs/etfs/osc-approves-canadas-first-blockchain-etf/article37828183/ (https://www.theglobeandmail.com/globe-investor/funds-and-etfs/etfs/osc-approves-canadas-first-blockchain-etf/article37828183/)

Regardless of that which, also, signifies the strength and confidence in block-chain technology and btc (hello from Canada).

So, I'd say it's neat to see how the USA/CND governments are starting to embrace it, in some hopes of regulation, but, it's even weirder how those that think this (btc, block-chain technology) is philosophically about decentralization also seem to want some form of regulation... I know that is getting off topic, so, let me end with;

A mix of the Asiatic news, the panic selling and likely a hint of market manipulation (some might call it capitalizing on panic selling and is completely legal), but, it's definitely NOT any-one factor.

I think (in my opinion) this was a good and necessary market correction so the experts, miners, owners, traders and consumers can continue to solidify the alt-coin eco-system, the exchanges and the future of BTC and block-chain technology while slowly pushing out the fraudulent aspect that has been so rampart (I myself lost 4 bitcoin in MtGox back in 2012).

I believe that in the last quarter of the last year we have experienced massive price rally and the investors who bought before that rally understood that this is something unusual and it will definitely bring Bitcoin price down. They started cashing out their Bitcoins when Bitcoin was reaching new all-time high levels that resulted in the commencement of correction process. However, I appreciate the correction because it not only helps Bitcoin to stabilize the price but also to grow in the long run.

For me bitcoin is good but it is goes down now a days because of the the competitors in the market People are now using the altcoin for business profit and for the investment and trading now they have judged that Ethereum is good to make investment in the altcoin because now the people are withdrawing their cash so that's why they have sold their bitcoin due to which the bitcoin supply is high in the market which effect the price and the buyers are less as compared to the sellers so we can say that the price fall because of this.

Well I guess bitcoin prices are affected by many reasons such as government issues, its demand and supply and also the media.because bitcoins are on top of the market for the past years the government tends to make a way to control it, many are investing in bitcoins that's why there's also a problem in supply vs demand. and also the media who has the access in everything could give an impression to the investors that can affect to the prices.

Yeah, looks like that but it'll be not easy for governments to control bitcoin in full.

There is a combination of many factors that caused the previous fall of Bitcoin and the other coins. The main one was the bad news coming from the Asian region.

In my opinion, BTC price went down hard because of those people who have bought out of greed during ATH in December 2017 without them realizing that the whales are slowly dumping and distributing their BTC to these newbies, selling to them at a higher price. FUDs came out like wildfire causing the newbies to panic sell fearing losses. At present, the whales, are at it again; accumulating BTC and buying discreetly from those who are selling at a lower price of BTC from the newbies. The next few months could possibly be an uptrend when the whales produce some waves.

Bitcoins has reached a whole new level as it increased from $900 to astonishing $19k and this increase shows how volatile and unstable bitcoin is and whenever bitcoins gets bullish it always ends with a drop as to get kind of stable or corrected with low prices.And after the correction many people panic sell which made bitcoins fall more.But this drop wasn't that bad as it created opportunity to invest more in bitcoins as it will rise soon.

I suppose it is almost evident. The bans of China and some vague ideas coming from the government of South Korea, rumors about crypto restriction in India, ICO ads prohibition on Facebook has a great negative effect.

The price will eventually increase so for now, investing for it and holding it will be more necessary. Just believe and keep going, actually I do not really know what it is market value but most likely it has something to do with demand in the market. But certainly, this is normal and only temporary

We can not deny that the main cause of the drastic drop in bitcoin prices a few weeks ago is related to bad news from some countries like China and Korea. But, in the last week chart of bitcoin price movement has shaped uptrend and I believe that bitcoin price in the future will increase and certainly accompanied by various corrections.

Bitcoin price depreciate resently due to decline investor into the system, and low demand for crytocurrency bitcoin, the  high  ⚡️ the demand the high  ⚡️ the price, vi's versa.

There are many factors that affect the price of bitcoin. The main reason I think the most important reason is that the bad news and rumors from Asia have caused people panic. As a result, people have sold bitcoin because they have lost their mind. I believe the price of bitcoin will rise again .

For me the bitcoin faaling down It's because many Investors dump their bitcoin for their needs.The way that they sell their bitcoin profits was this ia the main cause for lwoering the value.It is not only for bitcoin and also altcoins was falling It's value.

The Facebook ICO Ads prohibition couldn't have been a factor in the value going down and the South Koreans wanted all traders to use their official name on the exchanges so it also had little to no impact but China banning Bitcoin did a major one on BTC and it would have continued it freefall had the US senate hearing decided to ban bitcoin but thankfully it was averted.

Many people say it's because Asian countries came about COINS caused by the bad news, China banned the currency trading, South Korea closed the currency exchange, etc., I'm not sure what is the reason.

This is because of south korea FUD.

I agree. The facebook ban in ads was actually a good thing since there have been an increase in suspicious icos all over social media platforms trying to draw people's money in. The korean regulation may have contributed to the drop since, like the indian ban, it could have been misinterpreted by media reports as an actual ban

I think this is the result of the panic in the cryptocurrency market, because there are several countries that regulate cryptocurrencies.

I think so too. Bad news has provoked such a situation in the crypto-currency market. but it is worth paying attention to the fact that the ten largest bitcoins of wallets have only been enriched during the market correction

I always thought it was a normal adjustment. But it has been said that Asian China is preparing to ban bitcoin transactions, and South Korea is shutting down the bitcoin exchange, leading to panic selling of bitcoins.

It is simple, there was a series of negative news articles surrounding bitcoin, many of which were worded in such a way as to scare monger. First of all the news articles said China was BANNING bitcoin, then this was clarified that there was no ban, but that it would be regulated. Then there was news of it being BANNED in India, and then of course we find it isn't banned.

When you see a few negative articles such as these, it is best to cash out whilst the market takes a dip, then buy back in when it is recovering.

I guess the price drops recently was caused by the high amount of people that cashed out during certain celebrations. Moreover, the number surge if newbie users that are easily scared by price drops and therefore withdrawed their investments at the moment of bitcoin's decline in value. As well as it's high volatility rate are to blame as well.

Many people think they are engaged in mining and the rate right now is falling and many in a panic do not know how soon growth

Negative announcement about bitcoin like the banning of bitcoin areound the world.  For this case people think that bitcoin will not go out anymore so they will sell their bitcoins.  Those act will surely help the bitcoin price to goes down.

I don't know much about why the price of bitcoin down,which only I know is possible, which makes the price of bitcoin dropped is because the enthusiasts of bitcoin is already not much more not like in 2017,I also think the price dropped bitcoi recently caused by the high number of people are cashing in bitcoin for a particular celebration. Moreover, the surge in the number of users of the newbie who are easily frightened by the decline in prices and therefore attractive investment at the time of decline in the value of bitcoin. As well as high levels of volatility are also to blame.

The main reason that i see is the price correction. Addition to the FUD and negative news that bitcoin is facing also cause the value to decrease. Some altcoins are only paired to bitcoin in trading, so when the price of bitcoin will go increase or decrease, the altcoin value will also affected.

because there's a big mafia playing, selling all the bitcoin they get from the bitcoin scam website they made last year
and also the altcoin price that is falling now, is also the cause of bitcoin down
so the essence of the answer above, bitcoin prices down because of the "coin" scam that promotes his coin and to reap a big profit and then run away.
but do not be afraid bitcoin will continue to fall, while we are still using bitcoin, then bitcoin will continue to be valuable.
let the scammers sell off the coins they have, and the bitcoin prices will be back to normal again
if you no longer follow the bitcoin HYIP website, and do not get caught in the altcoin which leads to a scam that only takes on one side profit, then definitely the bitcoin price will not decrease because there will be no more bitcoin "scammer"

I heard bitcoin dropped a while ago because of the many restrictions from different countries. They assume that bitcoin is a threat to his country. It also makes bitcoin owners sell some of their assets because they feel panicked with various restrictions.

One of the major cause of the recently fallen price of bitcoin was the Chinese holiday  and the Korean clamped down on cryptocurrencies exchanges and now  the Chinese  holiday is over the price of bitcoin had started bouncing back.

indeed again there is a capital crisis in cryptocurrency all the shares of dicryptocurrency are being withdrawn some part of the investors because the issue market china and korea banned the cryptocurrency market in their region and some of the biggest miner dichina also are experiencing the loss because of it. but now with cryptocurrency will be reopened in korea or china but it is clear that they play the role of market cryptocurrency view yesterday almost touched $ 8000 USD and now it is back to normal at the price of around $ 10,000 - $ 11,000 USD +.
in this increase I'm sure bitcoin will experience a big increase again 70% or more in the mid-year end

The value of a number of major virtual currency fell sharply on Tuesday (16/1/2018).

The decline was due to investors monitoring the warnings from some regulators and increasing crackdowns on the virtual currency market in China.

citing CNBC, a sharp fall in bitcoin prices, hinggan reaching its lowest point in 1.5 months. In addition, the price of ethereum and ripple also declined significantly

hello everyone
Yes, there are a lot of coins made just to earn more money and have nothing in background. Most of coins on exchanges, for example  are like a ball to kick, pumping and dumping shitcoins with no future.

But there a lot of coins looking very interesting and now I want to tell you about one of them - marinecoin. For more information you can click https://marineco.in. free 45000 coin join now :) :) :) :)

Bitcoin fees got too high.  So everyone quit the network.  Now there are no more transactions and everyone went to other cryptos.  Ironically, that caused the fees to drop.  But no one is returning to Bitcoin.  it is probably over unless they can get lightning working.  Which will take forever.  Try Bitcoin Cash.  Things look exciting there.

There is reason to believe that the recent downturn in the value of bitcoins has had a big impact on the continued ban in countries such as Japan, South Korea, China and India. In addition, the boom of bitcoin led to new investors joining the cryptocurrency-subjective. They collapsed when the bitcoin value plunged $ 3000- $ 5,000 just about 2 weeks. It made them scared and sold the BTC.

Bitcoin is now rising forecasts will grow in the near future so it's time to start.

The caused of bitcoin goes down very hard recently because of the "big wheel cash out" which means some investor get their money because of contentment of the amount. Mostly they hold when the price is low. High and low price of bitcoin is normal which no need for us to be worried.

There were many reasons for so but mostly the panic caused as many social media sites and even countries started banning the trade the demand drastically landed going down. Many countries marked it as an illegal trade too. So a lot of times it becomes hard for BTC to stay up and keep growing with stability.

It's because of FUD -  Fear, uncertainty and doubt. It is only more common in crypto world because there is a mass of newbs that are in fear of their money. I wish btc dumped a lot more just so that people that know what they are doing have a bit more predictable market.

Look at the world around us and the news says that Japan banned bitcoin, then India has a problem with it, it all affects the course and so the bitcoin is falling.

Well considering the volatile nature of bitcoin price fall is always occur and at that no body can give the right answer as to what cause regular price fall. Why don't you first of all ask your self what always lead to price rise because their both part of what we experience day in day out in bitcoin market.

Usually, "collapse" is provoked by rumors and the price, as a rule, returns to previous levels during the trading day. Moreover, those who provoke such landslides, themselves buy up the collapsed asset for a penny.

I also believe that Asia has a huge negative impact over bitcoin when they started to declare themselves against it

FUD. People who don't have the correct information tend to take whatever information they get at face value and thus they get scared and start selling off without doing research to make sure if what they heard is true or not

This decline is only due to its lack of buyers, Japanese and South Korean usually dominate trading on the virtual currency market.
  However, in recent days, the volume has decreased, where today the volume drop from both countries is down 30 percent.

There is many reason of bitcoin down very hard recently.The main reason is japan and korians buyers lack.Many country banned bitcoin for his country.Most importantly Asian all country say negative news about bitcoin.

The price had gone up from the February 6th low, but is now dropping again. This week there was a lot of FUD like Google banning crypto related ads, IMF calling for regulations and then there's also the G20 discussion on cryptocurrencies next week. Some think that once regulated, institutional investors will start investing heavily and the price of bitcoin will increase again.

Well it all shows that Mt.Gox is liquifying it's bitcoins to be able to repay their debts. You can easily see How volume peaks at the selloffs, like 2-3 times per day.
It all indicates that someone with a huge amount of btc is doing that. Honestly it's  just a bad for Mt.Gox that it has to sell at such a low price and decreasing the price in the way, but if you can understand what caused this and it's not really the effect of some goverment bs you can invest at the dip and buy some cheap btc.

More and more ico has absorbed most of the market and many large funds have been withdrawn from the cryptocurrency market.

I think there has been a lot of bad news lately that has caused the price of all cryptographic currencies to fall. Google no longer accepts any advertising related to ico and cryptocurrency. The United States will closely monitor the cryptocurrency, and some of the encrypted currencies on the trading platform have been removed.

The cause of the falling bitcoin is:
1. Bitcoin Mine Cover: If one of the bitcoin mines closes, then it is likely they will remove all the bitcoins that belong to it. So the availability of the currency will be abundant in the market. This will trigger an effect that leads to a fall in prices.
2. The exchange company is closed.
3. Announcement of ban on the use of bitcoin.
4. Number of traders more than user.
5. The emergence of negative news.
6. There was a fraud.
7. Market saturation.

I think one of the reasons is negative news on media, this is a major tool that causes a lot of panic thereby leading to an increase in supply.

Currently, the owners of the press as Cointelegraph, Criptonews, NBC, etc are those who handle and manipulate cryptocurrencies news generating panic and doubts in the market inciting to sell the cheap BTC and generate an offer for them to make the most of USA, JAPAN, CHINA.
According to an exclusive source the manipulation or fall of Bitcoin ends in a week and a half to two be attentive...

Another fact, the Japanese people wanted to buy Cliff trying to work for them for two months in the manipulation of Bitcoin through the web boot report, but he refused and in those conversations he got a lot of information from them stating that the Japanese have 4 trillion of dollars waiting for the purchase of hoarding large blocks in Bitcoin volume...

Another important information to keep in mind is that Goldman Sachs USA took control of poloniex and the recommendation given was to prevent or move the cryptocurrencies to cold purses as a precaution...

According Cliff High Bitcoin will reach by the end of December the 100.000$.

It is true. News plays an important role in this. Lately, there is news about Google that will ban all ads about cryptocurrency, and see the effect on market prices. Some people try to secure their assets, panic sell.

one of his bad news in the media about bitcoin causes big investors to panic then they sell their bitcoin so that the supply of botcoin in the market increases causing the price to drop drastically

A recent report from the Bloomberg said that a group of 1000 investors used to have 40% of all the bitcoins. It makes the market much volatile. If a few of these investors are playing in a concert then they are the ones who are controlling the market.

 In ordinary life you trust banks and the state, in virtual, using bitcoins, only to another person who pays you (or vice versa).

Well, In my thoughts, I think it is because of some whales dumping their coin for worth really big enough ang some of the reason is because some fraud news about bitcoin and make new investors will panic selling.

I don't know also but this are my opinion about that if we hold to much in our hand i think the value going low but when are holding a little on each person i think the value will go up. Just my own idea.

This is surely a combination of a whole lot of factors, the absolutely ballooning value it had in 2017 included. Hence, as it tries to compensate everything it surged last year, we have to be patient as it is still starting to get a momentum to rise again. You know, we cannot always get the cake and eat it too. Just like the stock market, there are good and bad days. And often times, the good will always outweigh the bad when the right timing comes. Also, one reason I see that is very destructive of Bitcoin's value is the selling in Japan in relation to the Mt. Gox. I believe since the selling is still not over, the price will still continue to slump. The soonest it gets over, I am positive it will gain strength thereafter.

Some users sell their btc in low price or traders and investors because afraid to continue their investing here in crypto

We can also say this is base FUD that run all over the crypto world and some users,investors and traders listen to that

The reason why bitcoin price goes down or drop is because of many people who also looks down bitcoin. Many people wants just to gain in here than to learn new things that bitcoin can give. They just also think the money that we gain or receive than learning on havibg patience and taking risk, also hardwork and time management.

Too many short-term speculators make money, and the dealer’s departure, etc. may be

I'm not sure what caused it but I think this is the time to buy bitcoin and hold it. as I see in the graph the lowest is 6.9k this quarter and getting back up now. we will see next quarter what will happen I hope that it will show green again.

It is a nature of bitcoin. The price high and low is not significant to the bitcoin.  Bitcoin is volatile, but it will not end.There are several new developments regarding cryptocurrency regulations that may be affecting the price. Whatever the catalyst is, this is a normal & healthy market correction, that if anything, should bring you a sigh of relief.

 In ordinary life you trust banks and the state, in virtual, using bitcoins, only to another person who pays you (or vice versa).

I think this is the result of the FUD and or some panic holders and also those weak hand investors. And might be also the big company investors of bitcoin had already claim their investment that cause bitcoin so down in dip.

A lot of new investors had entered the scene in 2017, and these people want 10x profit in one month. And when they realized that this is no longer possible, they started dumping their coins. This is the reason behind the recent downturn in the exchange rates.

There are different reasons which causes the price fall to happen but mostly this is the correction time after huge price rise in 2017, and then the price will be in down growth at the first half of every year so we are in that part.And other reasons might me google and twitter ban all of the resulted mass price fall in bitcoin.

because there's a big mafia playing, selling all the bitcoins they've earned from the bitcoin scam website they've made last year, and also the falling XPY price is now also the cause of the bitcoin down,
Many HYIP sites underwent bitcoin investments that led to a scam, and now it's time for scammers to sell bitcoin from their scam.

so, at the core of the above answer, bitcoin prices dropped due to the act of coin "a scam that promotes its homemade coin and to reap big profits and then run away.
Do not be interested in Invest Bitcoin's business on the internet right now, it's better if we collect bitcoin by way of searching from faucet "and also capital that has accumulated in capital for trading, you can see collection of trading sites to be a choice of bitcoin trading.

so do not be afraid the bitcoin price goes down, while we're still using bitcoin, bitcoin will continue to be valuable, let the scammers sell out the bitcoin they have, and the bitcoin price will return to normal again.
If you are no longer following the bitcoin HYIP site, and do not get stuck in altcoin which leads to a scam that only takes profit on one side then it can be definitely the price of bitcoin will not decrease because there will be no more bitcoin scammer results

*Correct me if i wrong

The valuation of BTC fluctuation is always the hot topic to discuss and it is never constant, it always fluctuates and the fluctuation in the valuation of BTC is due to the demand and supply concept of BTC. If the larger the number of bitcoin trader and more the people are engaged into it, inflated will be valuation and vice versa. The fluctuation in valuation of BTC is as common as like other investment and according to me, the valuation will soon increase till the month of June.

It's nature of crypto, it will go down and up. But now bitcoin down because people selling and they need money, and lots of institution waiting for positive news, once that money comes in we will see green all over.

Price fluctuations on bitcoin and other cryptos are normal due to its unstable price. However, banning of crypto exchanges in other countries followed by banning of crypto ads in facebook, google and other sites added on its dumping price. From January to March almost or more than 30% of its price were lose. Despite of this, im still hoping that its price will still recover.

Market down in cryptocurrency. Hence i will keep my bitcoin rather than sell it. This is due to many people receive fake new on the crypto news thus they rather keep than sell. thus price go down rather than up.

Yeah, you are right bitcoin is starting to go down. I think one of the reason why bitcoin is going down because bitcoin holders starts to hold their bitcoin on this period because there are no big special occassion that may happen, so they will wait when bitcoin starts to rise again.

Indeed, wealthy people can often control the market the way they want. But this downside of the crypto market is not related to their moves. Perhaps the modern technology is experiencing some problems and investors no longer believe in technology. Alibaba and Amazon shares have declined significantly and have had a dramatic impact on bitcoins. That is my thinking about the cause of bitcoin.

in my opinion, as more and more parties are banning crypto, even facebook and google ads, also banned crypto ads. then what should i do as a beginner.

Well, everybody knows that the price of bitcoin and other altcoins are now very dropping. But, what will you actually do with your coins? Are those for your investment? I'm sure that everyone has their decision. In this case, I'm pretty sure that the price of bitcoin will still rise their amount at the future time. therefore, I'll not sell my coins right now. It is better to keep the cryptocurrencies and get more of them to invest for long term. I think now this is the best idea that I will do.

The price of bitcoin is going down dramatically, it is affected by some countries banned bitcoin and crypto coin, it is in the time of bad news influenced but its value is still the same.

The price of bitcoin is going down dramatically, it is affected by some countries banned bitcoin and crypto coin, it is in the time of bad news influenced but its value is still the same.

in addition to banning cryptocurrency ads,other things that cause bitcoin drops due to many negative issues issues.you should do if something like this is always positive thinking and do not give up to invest bitcoin even though the price is down.

As we can notice, as Bitcoin decreases so does with the altcoins. That's why, we are not shock anymore with its decrease of value. However, for Bitcoin, this can be affected with the demand it has. With the issues been face by cryptocurrency, lots of people are doubting its capability already.

When a coin is performing with a 2000% gain in one year or so, most of which achieved in just a few months, I would be surprised if a lot of early investors wouldn't take profit. So many people are making a profit even selling at 6000$.

The fall of Bitcoin continued from December 2017 and should already stop. I hope that 6,500-7,000 USD is the bottom,
from which Bitcoin must pounce to start growing again. Experts promise the resumption of the uptrend in mid-April, as technical analysis
shows the formation of an upward wave. Perhaps we should buy Bitcoin at current prices to catch the train.

Don't doubt it.Bitcoins's price goes down only to rise.Most probably due to this fall in bitcoin's price,it will be become 1.5 times the current price :D :D

Transfers without commission, complete anonymity, security of the recipient's and the sender's money from government intervention are the advantages and characteristics of bitcoin and the use of another crypto currency.

one of the causes of the decline in bitcoin prices is the loss of confidence in the digital currency because until now there is no clarity of all countries about the legality and rules that allow the use of digital currency. so all altcoin prices go down as the bitcoin price drops.

There are some factors affecting btc price to drop sharply recently. Bad news coming from google, facebook, twitter that banned crypto advertisement through social media. There is no clarity about laws and rules regarding btc and other coins whether can be used and accepted globally. Many people  have lost confidential or trust in bitcoin as only several countries in the world have legalized it formally today.

In my humble opinion, i think the lack of volume shows lack of interest in bitcoin at these prices, meaning it still expensive relative to the market sentiment, i see more potential downside than upside. Nothing definitive has happened in the last 24 hours to change the very sentiment that has driven BTC from 20k to 6k last month, and back to 6k in the last few days. The rebound was also short lived, with strong resistance at $7200. The death cross just happened today as well, which shows further downside and long term bearish momentum. The last time this cross happened was in 2014 ... and that was the start of 1 year bear market. Hopefully not the case this time, but still, something hard to ignore and important to consider.

My 2 cents.

Very hard? Guys, btc cost 2000 a year ago. Now it's 6-7000. So, it's not very hard. It's market.

That is absolutely fine brother. Yes all these characteristics of bitcoins have made them advantageous and superior over so many coins existing now in the international market. Every other day a new coin is popping up in the market but still the market is not getting saturated. However the stance of bitcoins are so clear, so strong and so determined, only for this, people are proffering them over others.

competition for attention with 1600 other cryptocurrencies.

Bitcoin a digital currency that sky rocketed and had a peak around december 2017, sudddenly began to reduce as a esult of media magnification of issues concerning Bitcoin thereby causing panic. But Interestly it is the media that gave awareness of the lucratic nature of Bitcoin

FUD. Fear, Uncertainty, Doubt. Media has been spreading negativity lately. Now, crypto related bans are being implemented on social media networks.

The value of bitcoin has dropped significantly over the past few months as it is affected by its legitimacy. Some countries ban the use of bitcoin. The big investors are holding a large amount of bitcoin they have sold bitcoin at very low prices. The distrust of many when its value is falling. However, recent estimates by many investors of its value will increase sharply by the end of this year. We should buy now to make a profit later this year

A number of factors are responsible for the current price of Bitcoin. One is the spread of fear and uncertainty coupled with what the people perceived as a move to ban bitcoin by governments of some countries. People also want to see how the likely cryptocurrency regulation will go.

I think, because of the many negative news about bitcoin lately. as we know, in recent weeks, it has been rumored that some popular social media will ban cryptocurrency content.

The circulation of the negative news will certainly change the thinking of bitcoin holders, especially those who are new to bitcoin, because they are panicking, they are selling their bitcoins into the market, thus making bitcoin supply abundant and this makes bitcoin prices down.

Yeah me too, now bitcoin price down because some company, media and google ban cryptocurrency. Many people who lose money from site scammer, it's because in 2017 and 2018 many new investor come to the world of crypto in this situation utilized by scammer for geting profit. For me the way social media and google ban cryptocurrency it's good way, though make price continue decline but in the positive side the scammer in the world of cryptocurrency will decrease. And I think this price will continue to dicline because google will ban cryptocurrency in june.

Actually the price of Bitcoin is influenced by what ? If you notice fluctuations or ups and downs of Bitcoin prices are quite extreme.
If you are currently observing Bitcoin prices, then you will be amazed by the rapid rise and fall of Bitcoin prices (fluctuations). In fact you may also wonder whether companies (such as Luno) that determine the price of Bitcoin?
The answer is no, because Bitcoin is interoperable.

There are companies who are really black propaganda in order to reduce the number of investors in the market, most of the banks are really scared today because people are keep on investing in cryptocurrency more than placing their money on banks.

yes, everybody, who is on this Forum has a belief that Bitcoin will go up again. By the way, today mass media publish more positive things about BTC, not only negative predictions.

Several factors played in this days price plummeting of the most popular cryptocurrency. Maybe because of those unpleasant news with respect to fears on regulatory crackdown; suspension of exchanges; banning from posting in facebook; issuance of waved of subpoenas and so forth. Also don't forget concerns about price manipulation of whales. But the most relevant factor i am seeing is that investors may just be ultimately loosing their trust that they can recover their capital that in turn a massive sell-off is the only notable thing to do.

I guess no one really knows why bitcoin goes down very hard recently. I am sure that if someone who really knows what will happen to bitcoins price or value he is very wealth right now. Well in this kind of industry we do have different peoples and those different peoples have their different kind of thinking which come out of different ideas. So each one of us here have their own ideas on which things affect the price or value of bitcoin. What I am saying here is that no one knows why, when or how much it will increase or decrease it is all depending on what you believed in.

The price of the bitcoin now are not good. It's not rising up continuously but alternately, and because of this the price of the bitcoin are only stay at the range of 8,000$ - 8,500$ for me it is not a good price and i think the possible reason of the dropping low of the price is the investor will less and the market are not good

The reason why the bitcoin price goes down very hard. Some of the people knows bitcoin that want to buy in a low price they are could whales. Whales is the people who have more holdings. They spread a news that want to down the bitcoin so the newbie or a weak hands people sell there bitcoin so the price is going down. And also the korea banned bitcoin.

Some of the whales spread a bad news about bitcoin. So the weak hands people scared about the news and sell there holdings. And other country banned bitcoin so the community becomes less. The the bitcoin is still standing waiting of the correction and it will pump.

Without the people who are getting greedy all the time and are so naïve when it comes to investment, the whales would not really be having a lot of moves in the market. However, we are still in the early stage where so many people would obviously want to tap from the whole idea and some would always want to get rich quickly and the latter are always the target in every market. Those who understand all these will always use the moment of dips to buy more.

It has always been their way and it would always be. Weak hands are there to serve that purpose for them and as long as that keeps happening, the whales will keep winning and getting richer while the weak hands keep getting poorer and complaining for the rest of their lives. One thing with the market is that it is still very volatile since we are still in the adoption phase and people keep getting greedy and that would keep making it highly volatile until further notice.

Dude are you updated with the recent crypto news? Bitcoin by the way is currently in a positive trend and no recent fud came out from either of the coutries you've mentioned. And aside from mt gox issue, there hasn't been any considerable fuds this month

There were many reasons for so but mostly the panic caused as many social media sites and even countries started banning the trade the demand drastically landed going down. Many countries marked it as an illegal trade too. So a lot of times it becomes hard for BTC to stay up and keep growing with stability. There is reason to believe that the recent downturn in the value of bitcoins has had a big impact on the continued ban in countries such as Japan, South Korea, China and India. In addition, the boom of bitcoin led to new investors joining the cryptocurrency-subjective. They collapsed when the bitcoin value plunged $ 3000- $ 5,000 just about 2 weeks. It made them scared and sold the BTC.

Dont bother about the price drops,because it always followed by price growth.

This is a normal scenario nowadays and we have no power to stop this,what we can do is just go witj the flow,dont put big investments just do it little by little and be particular in timing of investing

This is some really wise words and made me muster up courage again for supporting bitcoin. Indeed, we cannot go for changing the market all the way in few moments but all that is in our hands is to help bitcoin in doing so by keep investing into it. This is going to change our patience into a reward. It is better to stay patient over things that we cannot change than mourning over them and regretting.

There are a multiple reasons to why the value of bitcoin goes down.
Panic sellers easily give in to wrong and false speculations, they raise the supply - the value depends on the demand/supply scheme.
Also because of the influence of the policies of their government which mostly is negative at present.

It has a great potential though, it will rise.
Not to worry especially if you are investing in the long-term.

There are number of reasons that led to the price drop, and within certain time interval it gets recovered which is the common thing. In specific there is none to give a perfect reason for the recent price drop, all that happening is unpredictable. At times we see growth at unexpected times. As a beginning the forward push has got initiated with the recent pump above $7500.

Indeed! No single factor that affects the price to fluctuate, it could be due to banning issue, fake information, and more. But I believe that instead of focusing on what causes the drop, it is more important to think positive, think for the better, keep calm, accept the fact that the presence of volatility is always there. It's our response to the situation that matters, it's the patience, the way we take a look at the brighter side even the situation is unfavorable, and our faith that market can soar high again, that it can get back on track.

I agree! There's nothing wrong in determining the cause of how price goes down, because it gives us more awareness on how market moves, but I don't think it's helpful if we focus more on it, the more we can't think and decide creatively. The rise and fall in price is very uncertain, a lot of factors to consider like media influence and more. We can't control its movement but we can control our responses by taking a different path and make use of our time to be productive. By taking advantages on the dump, becoming more strategic, learning to deal volatility, and be positive that if things don't turn out to be good this time, it will find its way to be better the next time.

I think the cause is that so many countries are banning bitcoin from being used in their country like China, so bitcoin investors in that country have to sell all its bitcoins and keep the price down. and the effects for altcoin I do not think there's any effect whatsoever, and the estimates for bitcoin rise again I think later in 2018

yes because there is a big mafia who is playing so Do not be interested in Invest Bitcoin business on the internet now because it is better if we collect bitcoin by way of looking from the faucet but do not be afraid bitcoin prices continue to fall, while we are still using bitcoin because then bitcoin will continue to be valuable

certainly that causes the declining bitcoin price is by the number of negative news out there that concerns about bitcoin and other crypto currencies. but do not hesitate because bitcoin is now starting to push the price

The only reason for bitcoins to lost its popularity is the fud or fake news that is generated by different individuals, the price is also increasing because of the popularity dealt by different social media's.

of course no one knows when bitcoin will rise again but if you look at bitcoin graph year before year may end of year will back up