Why is bitcoin going down 4 the halving?!

[schlonged]

Turn it up!

https://www.youtube.com/watch?v=YbzNJr26H-4#t=3m1s

http://www.cnbc.com/2016/07/04/a-trump-administration-could-send-bitcoin-prices-spiking.html

Happy Halving 2016 my FOMO friends!

https://cdn.meme.am/instances/500x/65314813.jpg

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[Lauda]

There are plenty of reasons and there isn't a reason to open a thread for every time that the price goes down. What we've been witnessing is classic market manipulation by whales (e.g. constant hovering around $666). From what I could quickly asses someone dumped a nice amount of coins on low volume last night which made the price drop. Some speculate that the halving is already priced in, some speculate that it won't be priced in for another few months, etc. Nobody really has the answer to this.
Threads like this should be in the Speculation section (more information can usually be found there).

[mark coins]

I think price didn't rise since last few days in fact it started to drop so majority of users would have panic and started to sell their coins thinking that price may go even lower in next few days.

[talkbitcoin]

I think price didn't rise since last few days in fact it started to drop so majority of users would have panic and started to sell their coins thinking that price may go even lower in next few days.

i doubt that any bitcoin user is panicking just because the price didn't rise. this as Lauda has explained above is just market manipulation by whales. they dump some coins to create a dip and then the other day-traders join in to be able to buy at the bottom so that makes it bigger and bigger until we reach the bottom and then everybody buys back again at cheaper prices and in the meantime newbies who panicked are losing money.

[romero121]

The price drop is due to the nature of bitcoin. Before the days of halving price drop takes place gradually. I believe the current drop is for the steep increase of price on halving.

[Dewi Aries]

I think price didn't rise since last few days in fact it started to drop so majority of users would have panic and started to sell their coins thinking that price may go even lower in next few days.

i doubt that any bitcoin user is panicking just because the price didn't rise. this as Lauda has explained above is just market manipulation by whales. they dump some coins to create a dip and then the other day-traders join in to be able to buy at the bottom so that makes it bigger and bigger until we reach the bottom and then everybody buys back again at cheaper prices and in the meantime newbies who panicked are losing money.

i heard people already predicted that bitcoin price will going down right before halving, and maybe that is only manipulation so some big player can get bitcoin in cheap price, let's just wait when halving come, they gonna raise the price or not

[JumperX]

I think price didn't rise since last few days in fact it started to drop so majority of users would have panic and started to sell their coins thinking that price may go even lower in next few days.

i doubt that any bitcoin user is panicking just because the price didn't rise. this as Lauda has explained above is just market manipulation by whales. they dump some coins to create a dip and then the other day-traders join in to be able to buy at the bottom so that makes it bigger and bigger until we reach the bottom and then everybody buys back again at cheaper prices and in the meantime newbies who panicked are losing money.

i heard people already predicted that bitcoin price will going down right before halving, and maybe that is only manipulation so some big player can get bitcoin in cheap price, let's just wait when halving come, they gonna raise the price or not

At a moment neither I am selling nor buying just holding my coins for the halving, I don't have too much expectation from halving but we need to think positive that some miracle will happen which will take price to higher level.

[Kaller]

I think that is because the bitcoin price has risen a lot for the last 12 months. The price is more than doubled.

[Efemen]

I think that is because the bitcoin price has risen a lot for the last 12 months. The price is more than doubled.

That is right. And the bitcoin price is consolidating now. After the consolidation, the price will rise around 100%.