Reason for Bitcoin price fall

[ladydark]

Do any body know the exact reason for fall of bitcoin price? It has almost fallen $500 in the past three days.Any specific reason?

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[Akka]

Do any body know the exact reason for fall of bitcoin price? It has almost fallen $500 in the past three days.Any specific reason?

Lot's of people made lot's of money in the last couple of month and taking winnings. Remember it was <1000 a few month ago. When people more then doubled their money in a few month it doesn't take much for them to decide to take some of that.
Additional fuel by speculators hoping to buy in back later at a lower price.

And there is a lot of uncertainty currently in Bitcoin due to the Blocksize debate and the possible split.

[khufuking]

I see no real reason maybe it is just correcting / people collect there profit and it will tank and reup again  it is always the same scenario or i hope it is.

$500 is much i know but not too much for  BTC

[Red-Apple]

nothing apart from empty panic selling.

this is not a correction anymore, correction was happening all the way when the price was rising. right now it is nothing else other than people being uncertain of the future and because of that fearing this future and selling.

[OROBTC]

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Probably profit taking as mentioned above.  These majestic up & down price cycles are nothing new, since I've been around BTC (2013), this is about the fourth...

But what concerns me is the inability of the two camps (Miner Wankers and Core Wankers) to solve the scaling problem(s).  BTC would then become sh!tcoin, IMO, if they wreck it.  BTC (and/or derivatives) would be much less likely to attract new users if they screw this up.

[staggerpines]

Taking some money off the table.
All the coins are being affected.

[YuginKadoya]

nothing apart from empty panic selling.

this is not a correction anymore, correction was happening all the way when the price was rising. right now it is nothing else other than people being uncertain of the future and because of that fearing this future and selling.

Yup! it is pretty normal actually and that is bitcoin for you, if there are too many buyers, the value will rise and if there are too many that are selling or converting then the value will fall it is just that simple to understand, I have never seen any bad news lately that are happening in bitcoin news, and it is just selling out of fear.

[aoluain]

There was a thread here on BTCT about "Pump and Dump" groups recently
I wonder was the price affected by a concentrated effort to "cash out" of BTC
or was it is snowball effect?

I certainly hope this infighting sorts itself out because there will be no winners

[moneyalchemist]

Mainly new investors being scared/uncertain and therefore bailing out. Also some cashing of huge profits since the bull run from march till recently.

Nothing to worry about

[gracia0023]

For me there's no reason to panic regarding the scenario of bitcoin up and low of pricing this is maybe because of market value adjustment due the holder bitcoin are selling their stocks to earn high profit. Beside that it is common scenario on crypto world. On previews years it happen the movement of bitcoin value.

[BarbieCasino]

if you remember the law of demand and supply. i think the big reason for bitcoin price is demand and supply. when bitcoin demand increase  and every one demand for  bitcoin and invest their money in bitcoin. the price of bitcoin go upward and bitcoin value increased day by day. and bitcoin supply goes decrease. because every one hold their bitcoin and want more bitcoin and bitcoin price increase day by day. when bitcoin price increase than people donot want buy bitcoin  and  every investor sell out their bitcoin thats why bitcoin price goes down ward

[swogerino]

This is bitcoin and there is no reason to start panicking. It is common for bitcoin to have big crashes and big upwards waves, that is one of the beauties of bitcoin , you never know what to expect from it. Whenever there is a price fall there is always some lucky person who buys back bitcoin. You have to factor also the scaling debate and possible hard fork in the beginning of August.

[VC George]

It's just a nice correction mate, price bubbles burst with those corrections until we reach the balance zone where buyers & sellers collide to a nice more stable price. Buy the dip if you want to profit &/or don't sell now, wait for it to recover

[btcunbranded]

It will balance out, just keep an eye on marketcap, compared to a month, two months ago

[amacar2]

This one is another round of price correction, which was triggered after some traders pulled out nice profit they have made in last few weeks followed by panic among newbie traders.  

Perfect buy time.

[carlfebz2]

Do any body know the exact reason for fall of bitcoin price? It has almost fallen $500 in the past three days.Any specific reason?

People or Bitcoin holder or Traders are now taking profits and at the same time there are instances that people do panic sell when they saw the price is falling down again. Its really ridiculous to think off that price drops for about $500 in a matter of 2 days as far as I remember which we can really say that anytime price really do fall or rise in a matter of short time.We should really not forget the volatility of bitcoin.

[vrm86]

Peak of the current bubble is over It's third time we can see that pattern. 300% rise in two months? Definitelly doesn't look like stable growth. I am in the fiat now, waiting to re-buy 50-100% more coins.

[SvenBomvolen]

Do any body know the exact reason for fall of bitcoin price? It has almost fallen $500 in the past three days.Any specific reason?

Bitcoin users are that people who create the price for bitcoin. After bitcoin reached it's maximum many people started to cash out their coins, that provoked the price to fall.
After delay with my bitcoin transaction with Blockchain.info wallet I finally got my bitcoins, but the price is low today and I need to wait now for the new growth.

[sir.humus]

Do any body know the exact reason for fall of bitcoin price? It has almost fallen $500 in the past three days.Any specific reason?

Bitcoin users are that people who create the price for bitcoin. After bitcoin reached it's maximum many people started to cash out their coins, that provoked the price to fall.
After delay with my bitcoin transaction with Blockchain.info wallet I finally got my bitcoins, but the price is low today and I need to wait now for the new growth.

Bitcoin didn't reach its maximum. but apparently a lot of people thought that rising will stop for now and wanted to sell and gain some profit.
Bitcoin will surely continue to rise above 3000$ but it might take some time before the next time it will go up.
Basically, it works like any other economic system, it's a game of supply and demand.
You should buy when you think the price is low, and sell when it looks high enough for you.

[Catmony]

I have already placed few buy orders at around $2000, hope price will atleast touch it so that I can have 50% more bitcoin   This is just another massive dump because of panic on new traders caused by some rumor about hardfork after segwit activation on aug 1.