Reasons Why Bitcoin Price Drops

[hildacitra]

some issues or bad news about bitcoin can influence the price of bitcoin. For example, recently the news of China's potential exchange banned has likely spooked the investors. In addition, Jp morgan chase CEO slammed bitcoin as a fraud. These isues, however, extremely affects the market of bitcoin. people will be lack of trust in bitcoin.

[w5pn73]

Too many traders involved, for a lot of people it seems to be about fiat profits, so on big rises they'll take those profits. In turn creating big swings.

[Rooster101]

Profit-takings, geopolotical events, hardforks, hacking of large and well known exchanges, some turmoils in financial world and the moves of government that doesn't allow cryptocurrency in their country can cause bitcoin price drops. Some big cryptomarket sell off can also cause sharp decline for bitcoin price like the one that happened last september which concerns over bitcoin's technical roadmap.

[ennovy22]

One of the reasons is banning bitcoins (ICO and exchange rates) in other country like china. The contributions and cycle of the currency might be affected because of its contributors. It will lessen the bitcoin holders and bitcoin value drops. That's why Bitcoin is clearly volatile its value will just go up and down ( it shows in he graphs). The higher demand of bitcoin, the lower supply.

[aryaadikariyansyahsuwarto]

in my opinion the price of bitcoin down can be influenced politically by developed countries, such as China. If the politics there are turbulent, then it could be bitcoin will decrease drastically ...!

[Nameless27]

I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.

Bitcoin is determined through what we called demand and supply.

Demand is number of investors bidding for one bitcoin every minute/every time. It is like a consumers when we go on public markets.

Supply is the numbers of reamaning bitcoin on the market that is being sold through bidding. It is also based on the mined bitcoin. And the holding of bitcoin will eventually affect this.

When the demand is high and have low supply the price will increases but if the demand is low and the supply is high Bitcoin price will dropped. telling factors: when huge amount of bitcoin is been sold at the same time.

[loda.doa]

the cause of the reduced price: according to economic rules  supply> demand ; sell > buy : then prices will drop because of the amount of purchase does not meet. causes of this condition: traders sell target profit, affected by rumor example: ban ICO bitcoin exchanger in China, the fork, the ban of the Government...

[Dalmar]

Simple economic rules can change the price of bitcoin.Mainly we know 2 economic tool that has been base of price change: Supply and demand. Supply icnreases and sellers are looking for higher prices to sell expensive bitcoin. It is not rocket science

[GreenBits]

Simple economic rules can change the price of bitcoin.Mainly we know 2 economic tool that has been base of price change: Supply and demand. Supply icnreases and sellers are looking for higher prices to sell expensive bitcoin. It is not rocket science

Good point, and an additional point to consider; bitcoin is the reserve currency of the entire economy. When people leave alts, they usually go into BTC or ETH before they go into another alt (as this is the majority of order book pairings). So when alts dip in unison, it is because that capital fled into bitcoin as a safe haven/base. The inverse is also true; when alts surge, bitcoin tends to recede if we arent in major news or a recovering market(which has been more oft than not lately)

[Blockfolioz]

Bitcoin price drops were the common thing that happens with time. Here the price doesn't drop, but it fluctuates and moves forward. If the growth chart of bitcoin is studied, can understand the variation happening with time. And very rarely the price drop happens in unexpected time.

[wellsontheja]

There's some reason for bitcoin price to going down usually it's because people sell bitcoin in high value or if an country ban bitcoin it'll make people panic and sell their assets.

[sapnu]

I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.

The factors that affects its value is the demand that it is getting in the market. It is the same with a normal product in the market in relation with the supply and demand. So whenever that factor changes, Bitcoin's market value is falling. And as of this moment, its value is continuously rising so it means that the demand is high.

[Sylviee]

The prices drops usually due to news and FUD that causes people to withdrawing out from bitcoin. Other than that it may also be due to correction of prices and fluctuation in bitcoin is very common.

[mr_enoc]

The news and videos that we watched in the social media are some reasons for the price increase or decrease of BTC.

[saira0j]

 The Bitcoin price is experiencing an unexpected market correction once again. As a result, the Bitcoin price is now down and it is possible the value will keep moving lower going forward. There is no real reason for this sudden bearish attitude whatsoever, as it seems market manipulation is in full effect once again.
We are looking for someone who can help us to manage our bitcointalk announcement page.If you are interested you can contact us in our telegram handle @BoonTech.

[redhondaxrm125]

I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.

There can be a lot of things responsible for the price drops on bitcoins.
One is the number of people who have very weak hearts that panick so easily and make irrational decisions and sell all of their bitcoin possessions just because of a small price drop.
Another may be because of big names spreading false news regarding bitcoins and the crypto world as a whole. Some of these people are just jealous or wamts the price to go down so they can get cheaper bitcoins. And lastly, some bitcoin owners may just wamt to take profit for peersonal needs amd emergencies. Which is natural whemever the price rises big time.
Those are the reasons i know.

[YuginKadoya]

The prices drops usually due to news and FUD that causes people to withdrawing out from bitcoin. Other than that it may also be due to correction of prices and fluctuation in bitcoin is very common.

That is just 1 reason why the price are droping instantly because of some well known people that only wants to keep bitcoin at bay, so they can attain their desire buying bitcoin while the price drop.

The news and videos that we watched in the social media are some reasons for the price increase or decrease of BTC.

I don't know but main stream media sometime had some role in providing the drop of bitcoin because of this some people that still doesn't have any idea with this kind of platfom would sure believe what the media would try to say to them,

The Bitcoin price is experiencing an unexpected market correction once again. As a result, the Bitcoin price is now down and it is possible the value will keep moving lower going forward. There is no real reason for this sudden bearish attitude whatsoever, as it seems market manipulation is in full effect once again.
We are looking for someone who can help us to manage our bitcointalk announcement page.If you are interested you can contact us in our telegram handle @BoonTech.

What are you saying the price is at good condition right now we can see that we had reach the $6000 mark amount a new all time high right now and I think expect there would be many investor that will sure go with bitcoin, and the media would sure question many market analysis on what will be the move of bitcoin for the coming future.

[Gaaara]

For it its how bitcoin community reacts over an issues, for those who panic sell a lot they should be wary about what they do since they are mostly responsible for bitcoins value. There are lots of reason why bitcoin goes down but sometimes it has good effects after because almost all traders wait for bitcoin to go down then buy a massive amount.

[kenkoy]

There are certain factors affecting the Bitcoin price value to drop. Global issues relating to Bitcoin, Trading Bitcoin thru law and supply. Holding Bitcoins definitely affects BTC value as there will be limited supply of BTC. FUD, these may be spread by Notable persons in the world. Example is Jamie Dimon, Mark CUban, Warren Buffet. These people release statement, BTC drops.

[pugman]

I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.

The reason why it drops usually is because of panic selling happening in exchanges because of some rumors or lame stories made up by people which makes idiots to believe fully what they say and they lose their "trust" in bitcoin, so they claim.  And the markets get filled up with sell orders and some investors buy at cheap prices 😉.