Reason for Bitcoin price fall

[Himanshu111]

People are selling Bitcoin to earn profits as the price took a leap from 1000$ to 3000$ in a few months. Moreover because of hard fork, people are moving their investment out of Bitcoin which is the cause of price falling of bitcoin.

[deisik]

And you won't be alone

In fact, people are already selling their coins. It seems like the price rebounded somewhat during the last hours (from below 2,100 dollars to over 2,300 dollars per coin at Bitfinex), but this price rise is not sustainable (read the market is thin). People who sold on the way down are not buying back. It is clearly seen by the US dollar loan rates that dropped dramatically today and the spike in the amounts offered. This pretty much means that people are cashing out and parking their wealth in dollars

And why they want to park their wealth in Dollars? Why can't they do the same with other altcoins such as Ethereum and Ripple? After all, whatever happens in August will be limited to Bitcoin only. It is not going to directly affect the other crypto-currencies

Maybe, because Bitcoin going down makes other coins go down too?

This is what I see, and I don't think up anything, so it is not some obscure and unsubstantiated theory. I don't know about Ethereum, but, for example, Litecoin follows Bitcoin price very tightly (apart from rare flash crashes and rallies on its own). Bitcoin is still the leading cryptocurrency, and if it crashes other currencies are going to crash too. Thus the US dollar seems to be a sort of safe haven for cryptotraders, and I agree with them

[naidray]

it has mostly recovered to the $2,500 the last time I checked. Regarding the reason, I can't think of anything specific in the last few days except the announcement of developers regarding making a fork if the miners make the new system of BTC, that kind of news is never relaxing for investors and bring allot of fear and hesitation.

But there were incidents when bitcoin prices stayed so strong among these kinds of news/rumors and we cannot ignore the faith of every investors/traders of bitcoin system who brought up bitcoin prices from below $1000 to near $3000 even there were big issues like scalablity and ETF rejections persisting.

I guess the recent fall might have been triggered by another round of profit booking by whales in $2950 levels which might have induced panic selling to rest of "oscillating" traders.

[chalkboard17]

This is may be due to the cash out of bitcoins from the market by traders because they made a good profit this year. It is the best time to buy coins because soon it will going to rise again as its demand is increasing.

I agree. This is the main reason and there is nothing else can compare with it. The second reason is that the whales try to make a new crash in order to collect more cheap bitcoin. Bitcoin have just hit the new peak

[smauni]

I think there is no real reason for bitcoin price drop. But 500$ is not a big deal for Bitcoin.

[3la9l_kolbaCa]

the possible reason of it is some people are just collecting their profits in bitcoin and try to buy some bitcoins again in low price or value so the bitcoin decreases rapidly in just a night, also there is a possibility that a group of people just decided to sell their bitcoins and also buy also in a low price because of bitcoin that they sell.

[JimmieA]

I think the external factor is still the btc needs of people and Increasing supply , but it is also the impact of btc floor management to stabilize the market. It may be that reducing the prices makes some people unhappy but it is essential to minimize the risk.

[Lancusters]

the possible reason of it is some people are just collecting their profits in bitcoin and try to buy some bitcoins again in low price or value so the bitcoin decreases rapidly in just a night, also there is a possibility that a group of people just decided to sell their bitcoins and also buy also in a low price because of bitcoin that they sell.

I also think that the reason for this sharp fall in prices is the actions of speculators. If you do not react to such actions it is possible to buy all cheap bitcoins speculators they sold to lower the price. The main thing is to have patience and free money.

[AngelSky]

I think the external factor is still the btc needs of people and Increasing supply , but it is also the impact of btc floor management to stabilize the market. It may be that reducing the prices makes some people unhappy but it is essential to minimize the risk.

If it is any error in the any trading platform, mining issue, stopping of adoption, technical issue. These kind of the facts will keep the bitcoin dumping down. However, this factors is not happening at the moment. Price is moving up steadily due to high adoption rate.

[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.

Bitcoin changes in terms on price is technically normal to happened. We all know that Bitcoin is a crypto-currency which it's price is quite developmental. It means that changes on its price is inevitable. Bitcoin does follow the principle of law of price and demand where the changes of it's price happens because of the support of the users or what so called community. And if the sudden decrease of the support happened the stock of the market may flatuate where the stock is greater than the transactions been made making the value or the price of Bitcoin fall.

Yup! that is the whole thing about the sudden change of bitcoin, and stocks have been fluctuating so much when it comes to bitcoin, and it is just like this when one of the community that is a whale, having a million bitcoin then suddenly sell all of his bitcoin I thing it can cause sudden drop on the price, well I think all of us here really know how does this movement occur, this is just an idea that can happen.

[k@suy]

This is may be due to the cash out of bitcoins from the market by traders because they made a good profit this year. It is the best time to buy coins because soon it will going to rise again as its demand is increasing.

I agree. This is the main reason and there is nothing else can compare with it. The second reason is that the whales try to make a new crash in order to collect more cheap bitcoin. Bitcoin have just hit the new peak

Yes and it seems its a correction and soon bitcoin will recover. But I think this btc hardfork is also adding or fueling the speculation. But I am positive and believe that bitcoin will recover.

[radamiel]

We all think the same, the decline in bitcoin prices is just the usual profit taking if prices go up sharply in some time, usually stocks are like that, but will come back up again in a few weeks, should not sell your bitcoin now

[btctousd81]

supply and demand.

imho price is falling becuase , people are selling more , many wants to get their investment back, when they bought btc for 800-1200 .

it can be because of other things too.,

[Gaff]

Actually there are several reasons why it happens. But tgen bitcoin will soon recover. It somehow declines for now for it is a normal case. Stocks nowadays are fluctuating yet people or investors are doing their best to rise again for they take the risk all the time. Markets in different industries also involve of a sudden change. However,bitcoin will still stay no matter how price falls.

[oktana]

supply and demand.

imho price is falling becuase , people are selling more , many wants to get their investment back, when they bought btc for 800-1200 .

it can be because of other things too.,

Price movements are also due to the influence of key issues emerging, as we know during this month, the only positive issue circulating from the altcoin market, bitcoin is limited to rumors from russia and no direct implementation until the end of the year. Another factor is that market trends do not always run sharply, there are times when bitcoin has a correction price, now it's time for speculators to play safely with slow and declining price movements.

[szpalata]

We all think the same, the decline in bitcoin prices is just the usual profit taking if prices go up sharply in some time, usually stocks are like that, but will come back up again in a few weeks, should not sell your bitcoin now

Exactly because others are going to buy back all that was dumped and it's going to steadily climb back to its position. I'm very optimistic and will ridicule every promotion if panic selling because this is not what we haven't seen before, it took an even greater tumble back then in 3013 but it managed its way back up and better so why the panic now?

[batang_bitcoin]

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?

There's a lot of reason and factors why the price of bitcoin is falling. And well that's the usual movement of bitcoin's price. One of it I guess is the announcement of bitmain's making their own alt coin that brought fear to some holders especially those newbies and also the whole crash was made by global market.

[favila]

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?

There's a lot of reason and factors why the price of bitcoin is falling. And well that's the usual movement of bitcoin's price. One of it I guess is the announcement of bitmain's making their own alt coin that brought fear to some holders especially those newbies and also the whole crash was made by global market.

Bingo, its going to continue its volatility until a resolution is found to the current war between various factions in the bitcoin community.

[batang_bitcoin]

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?

There's a lot of reason and factors why the price of bitcoin is falling. And well that's the usual movement of bitcoin's price. One of it I guess is the announcement of bitmain's making their own alt coin that brought fear to some holders especially those newbies and also the whole crash was made by global market.

Bingo, its going to continue its volatility until a resolution is found to the current war between various factions in the bitcoin community.

The market is very volatile and that's making others to be scared when there's a new hype on ETH. But that's not going to stop me on believing bitcoin. As after the fall of bitcoins price, its very obvious on what is going to happen. The next thing will happen is going to make everyone's feeling believe in bitcoin's positive character.

[jerowacik]

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?

Everyone has a sense of panic when bitcoin prices have a fairly high correction. This is a natural thing because we must be afraid of losing our investment. But now the price of bitcoin already seen to rise again, of course this kindness can make us a little relieved and breath. Do not worry because bitcoin prices are predicted to experience a significant increase again.