bitcoin prices have decreased sharply

[bajigur894784]

whether the cause of this is happening, is it something to do with the decision of the south korea government?

of course, the South Korean government's plan enacted rules to overcome cryptocurrency speculation, leaving investors fearful early last month.
can not deny, that, such news often makes the price of cryptocurrency like bitcoin and other decreased.

[Ayaancool]

Maybe it's the reason. But this fall makes a great impact on its demand. The sudden fall afraid every bitcoiners to invest more. Most of them believe that bitcoin is going to its end. So the lack of demand makes bitcoin to fall again and again.

[Buttercup123]

I don't know what really happened but i do know that it got something to do with different countries banning and regulating bitcoin. As fearful as it get,  the more country who will regulate bitcoin trading over their land,  the bigger the impact to bitcoins price. But their are some intances that we can relate the crashing of btc to its yearly cycle. Every year bitcoin crashes at some point and gets back up naturally, if it continue to rise we can relate it to what happened last december. So, i guess with bitcoin crashing a little, plus the problem with some countries banning and regulating bitcoin, it resulted to the total crash of bitcoin.

[nonsonote]

whether the cause of this is happening, is it something to do with the decision of the south korea government?

I agree, I think South Korea government has something to do with bitcoin's sudden price fall but it is only part of it. Most of the government still don't accept bitcoins and other cryptocurrencies and they even want to elimenate or ban them in some countries, so if it would happen then bitcoin's price will fall down and it will become a serious problem for bitcoin users like us.

[michellee]

Maybe it's the reason. But this fall makes a great impact on its demand. The sudden fall afraid every bitcoiners to invest more. Most of them believe that bitcoin is going to its end. So the lack of demand makes bitcoin to fall again and again.

I think people are not just afraid of the fall that they are worried and panic to see the price is decreased sharply and I think this makes the price is down too far. but for people which know that bitcoin price always bounces up, they are using this opportunity to buy more bitcoin so they can have more bitcoin in their wallet and they only need to wait until the price is back to normal again. but on the other side, many of us trying to hold as long as they can because they want to make a big profit in the long-term.

[bilal_jan321]

whether the cause of this is happening, is it something to do with the decision of the south korea government?

crypto market is taking a correction. we saw a massive jump in the price of every crypto last year. Correction was inevitable after that massive jump.

[elliot2018]

I think this is just a trend in the crypto world. all i know is that it will soon bounce back to what is expected

[david_019]

I think this is just a trend in the crypto world. all i know is that it will soon bounce back to what is expected

Everytime that bitcoin is decreasing, the hope of others are also decreasing and creating their own panic pressure. I don't know why some people are easily to be scared by this unhealthy stage of bitcoin. As we make a review the nature of cryptocurrency we can notice that the rise and fall always occur. And so panic stage is not actually necessary and whenever a person is on this stage he/she is usualy commit a decision without the guide of studying.

[nick_nick]

whether the cause of this is happening, is it something to do with the decision of the south korea government?

The decision of the South Korea government has considerably affect the demand and hence price of bitcoin. However, there are other factors like the rise in demand for other altcoins which have also contributed to this great fall

[Dansamiv]

In fact, it is easy to see that bitcoin prices have dropped significantly compared to a few months ago. I think that is the inevitable consequence of the historic milestone of $ 20,000, the decline in value to create balance is a natural process. At the same time, bans issued from other countries also have a negative impact on the value of bitcoin.