Bitcoin Forum

I have been wondering what could be the possible causes  of the sudden fall in the price of bitcoin and the altcoins.I know from experience that it will surely rise again but I wish to know the possible causes of the fall in prices.

TL: DR Market manipulation of big sell-offs on Bitfinex and leveraged insider trading rumors on Bitmex.. long story short... any position right now is just gambling.. and definitely avoid leveraged positions.

The Bear Scenario: The bart candles (looks like Bart Simpson's head) are signs of extremely low volume and easy manipulation.  On Bitfinex you can see that most volume is happening on 1 or 5 min candles and its just massive sell-offs and lack of enthusiasm with it being bought up.  We need more liquidity from something like an ETF announcement so that whales cant so easily decide the price.  I'm not convinced the capitulation is over yet either.. since sell-side volume wasn't met by buy-side volume, we could see another or round or two.  Be careful of opening longs or shorts right now, especially on leverage.. bitmex is swirling with rumors of insider trading involving high-frequency trading bots on very low latency trading against the market with its client's stop limit information.   Careful out there of falling daggers... its impossible to predict the bottom since it will likely continue until there equals more buy volume buying the dip... Below 6k although unlikely is technically possible.

The Bullish Scenario.. we create a triple bottom here and break out of this annoying never ending wedge pattern, we peak some more volume interest and we miraculously get some news like bitcoin ETF being approved.  We break above 9000 USD and enter a new alt cycle.

I'm more bearish than bullish, but I'm definitely happy to break down out of this wedge pattern, trading has been predictable and boring (atleast on the trend) and looking to mix it up with some newer opportunities.

Stay safe, take calculated risks, and hopefully the bull market is right around the corner, good luck!

i am totally agree with your Bear scenario because it's what we are seeing right now and i do not agree with your bullish scenario.
as we can see Bitcoin did this many times before and some people claimed it's a bullish sign,
but do not forget about the fact that it does not have any volume at all,that means even though it formed a triple bottom it won't change the sentiment and demand.
(for me this kind of view is not valid any longer).
the only thing that we have currently is HOPE nothing more than that,Bitcoin is on SUPER BEAR and it won't change until a year time.
at best we will see it move sideways

Most likely, the rich whales decided to buy themselves bitcoins with a big discount and collapsed the price. We should wait.

Yes it maybe caused by the whales but I see this as a sign for the bump in the bitcoin price soon so this is chance for us to get the bitcoin at the discounted rate,just make everything positive for us so try to apply the same strategy of whales here and the profits maybe less according to how much we are investing.

Well the big whales has nothing to do about it this time as per review of the experts they say that everything is just a normal that only the holders make a normal selling but it create a panic among other holders causing domino epic to the Altcoins too and the second reason was Coinrail hack in South Korea in which it makes the Korean Bitcoin enthusiast to do a panic selling too. Here is the news link for your reference https://www.ccn.com/cryptocurrency-market-falls-25-billion-overnight-as-bitcoin-drops-6-factors-and-trends/.

if indeed this is the main purpose of what so they do like this and if indeed they have managed to continue what will they do next? this is just an unreasonable scenario if it should take the price of all coins other than btc and eth.

I know some simple causes why bitcoin was getting this low this months because of negative feedbacks from around the world and spreading it in the internet was no hard feat so it was simple to turn people on the bad side of it because of the trend on online jobs and online scamming since there tons of it bitcoin was no exception from this foolish judgement.

Simply shark bad news comes up, incorporating additional bans from countries to undermine Bitcoin prices. This is probably the time when sharks collect large amounts of Bitcoin.

Maybe because the trend went down and it will soon stabilize. Or the demand is not that high against the supply.

yawn,   You should be used to these strong corrections by now.  I've seen coins rebound from 90 percent losses before so this is nothing to worry about.

I think it might be any reason that makes bitcoin price is fall. we know that the news makes people panic and they sell their bitcoin with instant because they don't want to see their money is loose. maybe the whales make something that will push the price is down like in a few days ago. but I think the most reason why the bitcoin price is down is that people become panic after they read the news and they want to save their money first.

Have you noticed bitcoin's pump last december?  I am sure you did. It only lasted for several days when it reached its peak and eventually it got worse and worse. After that pump, many users have sold their bitcoins resulting to the tremendous downfall of bitcoin's price.When many people keep selling their bitcoins, the result will be like that but when people bought bitcoins, the result will be the other way round.

Damn, I hope you're right. I'm not a crypto veteran so I'm afraid there is the possibility they won't bounce back, but I suppose I should a apply a longer term vision and focus on other things while stay tuned.

About the sudden fall, I've seen is due to massive sell offs. While the general tendency is to a slowly, progressive increase in the price, some whales dump thousands of coins to the market in a few minutes erasing the hardly, in several days, achieved gains.

Right mate, what this market needs right now is liquidity and the annoying part of it all is that the whales are just so greedy that they make it so obvious manipulating the market anyhow they please and then making even traders very cautious of trying to trade the market at times like this. Asides liquidity, we also need real life usage as a currency because it seems we have more of a speculative asset right now than something with a value worth rising at all.

Virtually most people are investing, trading and hardly are we seeing people making use of it as a currency which was the sole purpose of its creation. In the process of getting as a pure currency, bitcoin may face ups and downs which is what exactly happening right now. It may continue until, we all accept bitcoins as an another currency for day to day life.

It’s partly because of the hack of the South Korean exchange. Other than that it’s probably a combination of factors such as price manipulation, general nervousness of investors, and general worldwide economic uncertainty. I’ve noticed lately that there are lots of people making predictions about the price of Bitcoin and they range from Bitcoin being dead to being worth 1 million in a couple of years.

Regardless of any action, bitcoin wants to say that future financial technology will be driven by the rich (whales). society will not enjoy from this technology. the positive thing is "this is a case to be solved". bitcoin must be together with the community and avoid price manipulation.

I am just a reader, not a fortune teller. So, you can listen to some of the posts I read to understand the case. the first, dusk or dawn (https://cryptoyoda1338.wordpress.com/2018/06/11/dusk-or-dawn/) by. @CryptoYoda1338 (https://twitter.com/CryptoYoda1338). second, Bitcoin Price was Manipulated by Tether, Researchers Claim (https://cryptonews.im/ccn-com/bitcoin-price-was-manipulated-by-tether-researchers-claim/) by. cryptonews.im.
the conclusion is bitcoin is the future of society to achieve dream.

I don't think there is a relationship between whales and the technology but there is manipulation caused by many actors in the market.

I am not really sure what causes these down trend. About the rise again, it can be true but it can wrong as well. The chance for the price to go down even deeper to be frank exist too.

Despite current scenario showing weakness in Bitcoin, if it strongly holds its $6K levels nothing to worry about.
But till when Bitcoin will be holding that critical level can't be said, so we hope that it rebounds from that $6K levels, these is my personal view.

For some of us that has been trading for quite some time now, understand that trading is all about knowing the right time to buy bitcoin or any other trading instrument and the right time to sell them in other to be able to make profits.  Demand an supplies are the two major determiner of the directions bitcoin or other cryptocurrencies take par time and I think that is what is happening currently! The supplies are higher than the demands and that is the cause of the current bearish market.  1fox is one of the platforms that enables investors to hedge they fund between bitcoin and dollars.

There many reason with the falling of bitcoin price, but i think that the price fall is proper thing in cryptocurrency, everything in this world like a wheel, always rotate. Sometime they above and sometime under. The real reason of the falling is that people dump their bitcoin as whales, and another people follow that techbique.

Some times,  there is no reason at all for dip in price of bitcoin,  it is just the normal circle of rise and fall in price and we may just need to accept that so that we can focus on making profit!

it's because bitcoin has bad news so it keeps the bitcoin price down and lots of new traders are panicked so it makes them a fear to invest in bitcoin again and maybe a lot of losses. you should not be affected or panicked should you take advantage of current prices to buy as much as you can because of cheap bitcoin prices.

I have heard that some kind of money must came here to the market, and it doesn't happen, so this is most obvious and recent problem because of what did last prices fall.

The "whales" want to "squeeze" weak "players" and newbies of the market. And at the same time, they want to rebuy cryptocurrencies for a very cheap price and multiply their money. They have the benefits, as they made a fortune in cryptos when nobody believed in it. Now they can manipulate the market and ensure that nobody makes fortune on crypto like they did and at the same time regularly increase their savings.

Most of the time, we all know that anything that affects bitcoin simply affects the whole market but I would not pay attention to all that is in the news as they are just some ways of justifying the means and that does not change the fact that the market is highly manipulated.

This may have been a normal occurrence, but we really need to stop seeing fake breakouts in the market, but something that depicts real buy or sell based on real demand and supply. Understanding though that the market is decentralized, volatile and can be easily manipulated, but I believe it should be done with a lot of sense.

This is not for the first time that we are experiencing the downfall in the market value of the bitcoin and that we will keep on experiencing such kind of thing in the future too. The only thing which can work in our favor is to plan the things in a way which can then help us in handling such kind of situations in the best possible manner so that the chances of loss of money can be reduced.

i think there's nothing to worry about we've seen these happening before just stay to the positive side ;)

Not like it may be caused by them, it is actually caused by them. The create fake signals after buying at the dip and pushing a buying momentum, then with the fake signals, traders opt into the market, and then after a while, dump it all back and we see the cycle repeating itself again.

We need real growth, we need real movement and not all these bull shit done by the whales. Yeah, some may say it is normal, but what is normal is whales not getting too greedy and trying to do what pleases their pocket at the expense of the growth of the space.

You can see that the market over the past few days is continuously falling, bitcoin prices are constantly falling and there are no signs of recovery. The price of bitcoin has reduced the price of altcoin is also continuously reduced and it is difficult to recover. I believe that at this time bitocin prices will continue to fall sharply, this is the inevitable rule of the market.

Now a days people are really loosing interest to Bitcoin. That's why the price are going down. But in my opinion there are also some other reasons. First of all it is very huge price that doesn't let newbies buy Bitcoin, so bitcoins now literally circulate between exchanges. Secondly its technical disadvantages of Bitcoin. slow speed missing smart contract support, high fees. And 3rd  it is passive developer team. Nothing is done to help it grow.   

The current drop is really unexplained thing. However there are some theories being build up lately and most of them believe that it is bitcoin price manipulation that is happening. This is being done for the next mega pump which happened in just the same way it happened last year December. But as I said thats just theory. Some of them have come up with story of too much pumped prices for the bitcoin and thus a massive correction is currently going on to set the prices back to the normal. And no one knows where is the bottom.

The best thing right now is to take a chill pill and see how things will end up unfolding but there is absolutely great manipulation in this market and it is really appalling. It is appalling because this is sending wrong signals even to investors and it is even so obvious that the whales are just easily playing with the market the way they like and I wonder for how long they are just going to keep doing this.

We need real growth, we need these guys silenced and with some high liquidity, I guess over time, they may go into the caves where they belong. Those who are all being calm with their patience always find chances to make big money out of crypto trading. All others are regretting for their foolish decisions later.

Some says its because of whales manipulation well it could be, but for me I think the newbie bitcoin investors tired to hold bitcoin they are impatient so that is why bitcoin price falling.

Hamsters are always crying about the price and regulations, but the more skillful players are ready for those, because they have experienced it for many times already.

Bitcoin price as stated is not stable and always making surprises. Normally, supply and demand always make its movement to affect its price IMO. We should not be worried but take this as our chance to buy some btc because it will definitely increase it in long-term investment.

Whales are the main reason to price fluctuation and some peoples are expect newbie investors are hold the investment so this will move to down but exact reason is many miners are stop the mining platform and many investors are panic to investing in Crypto investment so supply and demand is reduced in current scenario. I think as soon as possible again this will make profit.

The price of bitcoin is influenced by the market supply and the price of other coin, which is also influenced by the government's policies if any bad factors will affect the price of the btc.

Easy People buys then people hold but after people lost people sell in a panic state that they couldn't think clearly then after losing people spread words about their experiences then share it to the web and in it was mostly bad reviews then leaving others confused and scared so the chain of people buys and sell then panic goes on and on.

Panic selling and fake news is the actual matter for the market price falling but why not when the bitcoin and altcoins bumping up with the good news bro. I see many countries and european states started implementing the bitcoin as a payment and online usage with taxation.
Those things are actually good for the market why still the market go top again. Still btc lagging in 6k USD to 7k USD for a 2 weeks of time and more. I expecting the bitcoin to touch the 10k USD soon.

There are lots of reasons why bitcoin is dropping, some intend to post more speculation that btc will end. Even there are many speculation about it I hope bitcoin will go to the moon. Although we cannot say when it would be but at this time lets observe the market

then you need to be patient because if you can do this, you will see bitcoin will go to the moon and you do not regret to hold for a long time. your work will be worth and you can make a big profit. but before we can see bitcoin increase higher, we need to pass this and we need to wait for a moment. there are many things that we should know why bitcoin price still fall and I think there is any secret reason to answer this.

It is not suddenly going down. It is happened in 2014 after bitcoin price spike to $1300 for the first time. The fact bitcoin going up too much last year thats why it is now going down 75% from its all time high and it is still normal if you see the bitcoin history price.another factor for the dump is mtgox btc being sold to pay the customer money.

I believe that the price of bitcoins decreased due to some fud that has been spreading through different countries, bitcoins will not easily decrease its prices but it was fine because soon as it falls, it will still recover due to different investors in the market who are interested on holding the coin for a long time.

Yes we are observing ups and done in bitcoin price for a long long time. we even seen so many crashes but still bitcoin price recover its position even it made new all time high prices, i think that this will surely happen again and we will very soon see the price once again trading above 20000$ and will cover all the loses that recently people have made in bitcoin trading.

Lots of negativity fake news about bitcoin and I think the devaluation this time is hard to explain, there are not any announcements from governments about the cryptomarket. Maybe this time is simple that people lose the patience to wait for the price to recover so they have sold out.

However due to the excessive quantity, the prices have been dropped dramatically. But, from my point of view, the price will start to increase again with the current price, certainly it will attract a large number of new investments

Due to several factors such as media giving bad terms about Cryptocurrency.
Tappi can also be because whale whales raise and lower the price of Bitcoin.

Maybe it's better you buy tokens at the lowest price like 10 satoshi and 20 satoshi for coins whose value is thousands.

Experienced investors knew that the bitcoin honeymoon couldn’t last forever. Those who catch the last train are usually punished by the market.

You can see that with a market that is in a bear market in the long run, successful trading is very difficult, you need to have a lot of experience, accurate analysis combined with market information to be able to Have the most accurate trading plan. Therefore, the loss is very easy to happen, when the bitcoin price increases and the price of altcoin is very strong, I believe you need to observe more and more to be able to trade successfully.

and they just sell their bitcoin when the price is a moon so they can buy back again if the price is fall. they will do over and over while they are sure that this will happen in everytime in the market. and with doing this, they can increase their money balance so they can have a lot of profit. and if we can follow their step, I am sure that we can also get a big profit too.

Most of this has been discussed ranging from bad news, panic sell or ban from country and crypto regulation, if you read then you can estimate yourself about the decrease in cryptocurrency, essentially the crypto decrease is due to the holder, so if the holder loses the trust maybe karean bad news or such then the crypto value will drop.

As we all know here in the crypto currency community, it so unpredictable in which makes us disappointed as we are hoping to increase by having many shares of crypto currency. In some point, it gives a great opportunity by those users want to invest by hqving cheap prices. Also,the main reason of downfall is because the big whales suddenly sell their great amount of shares that may affect very much to the entire community of crypto currency. I believe someday it will recover and definitely may give us a great amount of profit in the future.

Actually, it is not only Bitcoin which is currently experiencinh difficulties when it comes on the market value at this moment. Most of the cryptos are now having continuous dumps in the prices. The market volatility might be the best yet simplest reasom why this dump took place. The market last year suddenly increased and correction maybe is what we are experiencinhg.

It will fall and fall the price but i know that someday the bitcoin will increase and the trades will be rich because of bitcoin.

I believe that there is manipulation happening now in Bitcoin. There are many whales out there making money on the poor or newbie in crypto, specially those people or big company spreading fake news or FUD just to make the price dump or pump. This is reality.

Well we can state the obvious that this market is really prone to manipulation that's why the price dramatically declined. But we can't discount the fact that investors or speculators are beginning to be smarter on their investments. They might be pulling a intra day or day trade for all we know. And at this bearish trend, everyone will do everything to make a profit. Take note that I said profit, not huge one. At least 10% will be considered a good returns, IMHO.

Just fundamentals, when there is a sudden dip in the price of bitcoin, it is always as a result of some news, In recent times, it has been the Bitcoin ETF/SEC news 

it is because the supply is high thats why theres a sudden drop of bitcoin price

Don't you read crypto news mate ? You can easily find out the reasons of increase/decrease in price of BTC and various currencies if you follow the crypto news. According to news the recent fall in the price is due to SECdelaying the ETF announcement and further the latest news says about the insider trading rumors of Bitmex exchange. These have made the price lower and the prices won't increase until there is a strong positive news about BTC.

One of the reasons, I think, was the hacking of bitcoin made large exchanges. These incidents made investors felt the insecurity of the bitcoin investments. Emotions were high with the investors that brought a negative outlook with the market.

Now in market more and more people are selling only because they don’t know that soon the price of bitcoin will rise high, price is increasing more and more but those who have low temper and sell at the panic, selling right now is making price down, so it is not good to sell at panic just have patience soon price of bitcoin will be high once again.

The sudden fall in the bitcoin price is that there are only a few coin that is circulating in the market cause there are only a few who invest. The coin that is only circulating now is from the people who invest last year. If there are many people who will invest on the market then the price of the bitcoin will not fall cause the coin is in demand due to many people who is investing on it.

Alot rest on the outcome of SEC decisions on numerous ETF applications filed before her. Unfortunately, the decisions have not been favourable so far which is why many are skeptical about Bitcoin and several investors are pulling out of the market. If we can secure ETF approval then we might witness another reasonable upsurge in price.

Seemingly, you're very optimist in the current situation of the market and didn't bother by all the fuss in the market and that's the spirit tho.

And I know many had shaken weak hands and after this fall the one who believe are the one that will see the moon. Fuds will not be gone here so be used to it and love every flaws.

maybe you need to know what did happen in January 2018 because the beginning of the falls happens in that month and I think you can find a good information by analyzing the situations in that month. and from that month, we still going down and even we reach the lowest price in the last few months but we have a chance to see the bitcoin price increase again in the next months. people become panic because of the bad news, people cannot be patient to wait for the price and else.

You have to keep one thing clear.Since bitcoin is the digital currency and decentralized behaviour,the price will fluctuates for sure .So use both the upward and downward fluctuations to sell and buy bitcoin. Actually ,you will get more profit by this fluctuations.You should use the opportunity to shine in trading.

One of the reasons why Bitcoin's poor liquidity and Bitcoin prices have fallen sharply is that less and less interest from investors. At the time when the market was excited, investors saw Bitcoin as a super-profitable investment, so BTC's price could easily recover after each drop as there are always new investors who want to buy Bitcoin at good price. However, the current situation is far different.

I think there is a reason for the decline in the price of Bitcoin, but there are good things about cryptocurrency, everything in the world is like a wheel, always spinning. Sometimes they are above and sometimes below. But we cannot ignore the fact that investors are getting smarter in their investments. They might be interesting one day intra or trading for everything we know. And on this bearish trend, everyone will do everything to make a profit.

There are many factors affecting BTC and most of the cryptocurrency to drop that low. One of my theory and opinion about this it is because of the price increase of the BTC last December 2017. Why? First because of the jump of $20k price of BTC more people trade their coin and so much of mining company has opened and started to get BTC. Because of this mining companies the supply of the BTC was increase filling the amount of the demand of the people wants to get some. So the price suddenly drops as the people wanting to have BTC was doubled in mining.

Well i think that's already an accepted fact. I don't think bitcoin was meant to pump that high last year esecially at the pace it did it. Many consider this as still part of the correction though i think several factors also add to why we've been mostly red. Doubts and fear for new investors? Manipulation? Too many fud about regulations?

In my humble opinion prices are reflect of market activities like buying and selling power of balance. Expecting only one bias of equilibrium is worst mistake on volatily market like cryptocurrency market and penny stocks. Market activity can be measured is naked price chart which is only visible for traders who already passed 10k screen time.