Why is the price dropping?

[Gasturcas]

Current drop, I think people (whales) are cashing out the nice profit they have made. There is a larger dump to be expected when the halving is due.
I did that 3 days ago.

Yeah, I think that some whales are currently cashing out their profits as well, because they probably think that the support is not strong enough to back the BTC price after halving.

Personally though I think that price is going to stabilize after halving, and then slowly climb up again.

The halving is a known event for several years. The price already reflected the halving. So the price is normal.

[craked5]

The price had only a mall dropp.

Probably a massive dumping because of some people panicking or wanting to create a panick drop that's all don't worry

[Kewatia]

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

[ASHLIUSZ]

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

These price fluctuations doesn't matter much and drops were normal in bitcoin,we have to worry if people start to dump their coins then we will see drop that really affects the price.

[Murtiya]

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

[Kellor]

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be  due to the fact that people are using the bitcoin to buy Ethereum.

[Maesters1-]

as people were aspecting that the price of bitcoin will drop after halving and may be trade in 200$ after halving. but you can see that the price of bitcoin is pretty much stable and is increasing slowly . i think the reason is that people do not sell their bitcoin after halving and most of the people are still holding it for the price increase which is expected in next some months.

[pawel7777]

as people were aspecting that the price of bitcoin will drop after halving and may be trade in 200$ after halving. but you can see that the price of bitcoin is pretty much stable and is increasing slowly
...

People were waiting for the halving pump to reach the peak, once it was clear that price is unlikely to stay above $700, they started to sell. No surprise here. It could still go up in the longer run due to lower selling pressure from the miners.

... most of the people are still holding it for the price increase which is expected in next some months.

Expected by whom? Increase due to what?

[Kewatia]

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be  due to the fact that people are using the bitcoin to buy Ethereum.

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

[Kellor]

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be  due to the fact that people are using the bitcoin to buy Ethereum.

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

Some investors bought a lot Ethereum with bitcoin, and the bitcoin was hacked. Are the buyers bitcoin hacker?

[Kewatia]

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be  due to the fact that people are using the bitcoin to buy Ethereum.

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

Some investors bought a lot Ethereum with bitcoin, and the bitcoin was hacked. Are the buyers bitcoin hacker?

There is no conclusive evidence for that. But it seems likely that the Bitfinex hacker will be caught.

[Kellor]

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be  due to the fact that people are using the bitcoin to buy Ethereum.

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

Some investors bought a lot Ethereum with bitcoin, and the bitcoin was hacked. Are the buyers bitcoin hacker?

There is no conclusive evidence for that. But it seems likely that the Bitfinex hacker will be caught.

If the US police or the FBI is involved, it is very possible the hacker will be caught, like they did to the silkroad.

[Gasturcas]

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be  due to the fact that people are using the bitcoin to buy Ethereum.

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

Some investors bought a lot Ethereum with bitcoin, and the bitcoin was hacked. Are the buyers bitcoin hacker?

There is no conclusive evidence for that. But it seems likely that the Bitfinex hacker will be caught.

If the US police or the FBI is involved, it is very possible the hacker will be caught, like they did to the silkroad.

But even in the case of Silkroad, a few law enforcers are doing things illegally, they are the criminals themselves.

[gkv9]

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...

[buddu]

Bitcoin is being traded heavily everyday and it is normal to see few dollars change upwards or downwards as naturally should happen. This is neither increase nor decrease or drop as people get worried. Bitcoin has very stable price at the moment and don't seem there will be some drop in near future though we can predict anything how market will behave in coming days.

[Labumi]

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...

Do you not see that last month's increase above bitcoin $ 700 and after going bitfinex the price slowly hacked down and finally now stable price $ 600-570. So this is something price drop, they do not support but I see them give a statement on what they know

[salmanahmedone]

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be  due to the fact that people are using the bitcoin to buy Ethereum.

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

Some investors bought a lot Ethereum with bitcoin, and the bitcoin was hacked. Are the buyers bitcoin hacker?

It was a little phase when bitfinex was hacked and bitcoin price fall because of panic selling. Since then bitcoin is back on the track . Also i think people are investing is Alt coins which is causing bitcoin price not to rise very high.

[asriloni]

It was a little phase when bitfinex was hacked and bitcoin price fall because of panic selling. Since then bitcoin is back on the track . Also i think people are investing is Alt coins which is causing bitcoin price not to rise very high.

when people are just investing into alt coin there's nothing to do with the current bitcoin price,those people who investing in altcoin is just a little part of bitcoiners and the market won't affected so much,and also almost all of alt consider bitcoin as their base currency

[uki]

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...

It all depends where you bought. If someone bought around the peak of the price this year, the price of Bitcoin is dropping for him. Bit, I agree that in long run we are in the rising trend. Only by comparing to where we were summer last year we made already an amazing progress.

[randy8777]

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...

It all depends where you bought. If someone bought around the peak of the price this year, the price of Bitcoin is dropping for him. Bit, I agree that in long run we are in the rising trend. Only by comparing to where we were summer last year we made already an amazing progress.

the problem with a lot people here is that they only look at short term charts. there looking, these people think the price is going downwards. if they ever take the effort to open charts longer than just 1 or 2 months, then they will indeed see an impressive rush to where we are now. and looking at that, it makes me happy as it can be seen as quite an achievement.