Reasons Why Bitcoin Price Drops

[ss890]

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

As everyone knows the bitcoin prices are fluctuated with market cap then that and all the reasons fluctuating the market cap are the core reason to make the prices of bitcoin up and down. The major changes occur when the situation like fork comes in and people get panicked to sell their btc for altcoins. Just imagine billions of people doing that at the same time would really affect it.

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[Arngrim]

I believe it is because of a great part of bitcoin holders selling their bitcoin.
Just my opnion though.
There are whales that could have been manipulating the price.

[katinko]

Because the law of demand ans supplies, most of the time if there are small amount of demand in bitcoin that is the time they dump its value but every time there is an adoption of bitcoin the demand will increase then the value is also increasing.

[cryptoquality]

the reason btc drops is that btc holders are selling their bitcoins. it means demand to btc is becoming less. so if demand is becoming less than supply then price drops. it is the essential theory for investing.

[ask]

For next weeks bitcoin price will drop cuase peole got their btg and will sell them and buy some good alt coins like ethereum.
Ethereum price started to rise today and this seems my opinion is right.

[tyronecoinbit]

Because the law of demand ans supplies, most of the time if there are small amount of demand in bitcoin that is the time they dump its value but every time there is an adoption of bitcoin the demand will increase then the value is also increasing.

You have a point. Bitcoin price drops if the demand is low and the supply is high. Its price will only increase if there are more demand than supply. On the other hand, other factors that affects bitcoin drops is the negative news about bitcoin, like what happened to China.

[darkangel11]

For next weeks bitcoin price will drop cuase peole got their btg and will sell them and buy some good alt coins like ethereum.
Ethereum price started to rise today and this seems my opinion is right.

I don't think so. BTG is so cheap that I don't believe it was the sole purpose of the pump. You're getting like 0.06 BTC per BTG. It's dust.
The real value is in BTC. I'm planning to wait with my BTG for at least something close to 0.1 BTC, get rid of it and put the money back in BTC. It would be great a 1:10 conversion from this fork.

[Kersh768]

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

Probably, it has something to do with its market demand since its value and demand are proportional. A good example is what happen at the moment wherein it is stucked at 6000$ and it is becoming hard for Bitcoin's value to increase or inshort, its value drops oftenly and the factor that affects is the incoming hardfork. The demand decreases, in my opnion, because of the segwit2x.

[Dontme]

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

If the holders sell their bitcoin and the are sell it in the same day or time that would cause bitcoin price drop. Even it is altcoins or bitcoin they have the same reason why they dump or pump. It is ups on the holders. So, if satoshi nakamoto sell all his btc I think there will be a big down of bitcoin price. That is my opinion according to your question.

[shawn995]

there is a small rule in business and marketing when the demand of the  goods are low and the supply is big then the price of goods are dropped and when the demand of goods are high and supply is low then the price of goods increases. just like that bitcoin is also the same situation when the demand of bitcoin is decreased and supply is increased then the rate of bitcoin in the market got down.

[ObscurePen]

Ok. I’ll make it quite brief for you. The main concept to understand is the fact that the price of all the commodities are dependant on the supply and the demand of that particular commodity at the time. So Bitcoin’s price can only be found if you analyse the supply of it at the demand of Bitcoin at the time.

The skeleton of the concept is that whenever supply of the particular item is high and the demand, low, the price will usually fall. The opposite applies for a price rise. So a price rise is the result of an increase in demand and a decrease of supply.

[yojodojo21]

In my other view bitcoin price goes down because it is getting too expensive which means that the buyers are scratching their head.
In other words the more the seller the less the price. But again, bitcoin is volatile so nobody knows when it is going up or down. Maybe it is the time to buy more btc for the greater income.
The more bitcoin you have in less price the more it will be doubled when it rise up again.

[rainbow169]

Today's drop probably represents the fork off value of Bitcoin Gold, which initially traded at around $400. This is similar situation to the BCC fork, it's just temporary... I hope;)

[mevmike]

for me the most obvious reason why bitcoins price drops is because of the law of supply and demand.
of course the demand can be affected by many factors too.
such as declaration from governments that has negative effects to the cryptocurrency like what happened with China before.
since we really cant prevent weak hands in selling their coins whenever such event happens.
then bitcoins price can always be affected because of it.

[budongski25]

- More use cases, example: services utilizing BTC
- A rising price (this sounds funny, but a raising price itself will fuel additional demand).

[reynilynedago]

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

Based on my reasearch bitcoin is a good volatility and it gives more increasing in bitcoin and i think the reason is many people sell and buy a bitcoin so thats why the bitcoin is flactuatiing.

[D3m1r4wanti]

one of the declining bitcoin price factors is that many countries refuse and do not allow bitcoin as a legitimate means of payment in the country

[mikki14]

- More use cases, example: services utilizing BTC
- A rising price (this sounds funny, but a raising price itself will fuel additional demand).

Yes, that sounds funny. Because additional demand means increased on its price.
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You don't have to be bothered (if you are) by the price drop it's normal.
BTC is continuously gaiing its popularity that's why more and more people are buying BTC that makes the price increase. And when the price is high some traders exchange/sell their BTC to other crypto or fiat money, that causes the price to decrease. But don't worry, when the price is low people tend to buy more coins, that causes the price to pump up again. Its a cycle, other events also affects its price, like positive/negative publicity, legalizing/banning etc.

[The Alchemlst]

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

Primarily the market value is affected because of current events regarding bitcoin like news or banning from other country which will also affect supply and demand of coins where as when people panic sells the supply increases and somehow makes bitcoins value lower then when everything is bought again there will be a reduce in supply of coins so the demand increases and there goes your green market charts so high.

[Sithara007]

It seems like some of the funds which flowed in to Bitcoin from the other altcoins (in anticipation of the Bitcoin Gold airdrop) is now moving back to the alts. But I am glad that the Bitcoin market dominance is still more than 55% (I was expecting 60%, but still it is much better than the previous levels). Also, if you include the market cap of Bitcoin Cash, then it goes up to 59.2%. And when Bitcoin Gold gets listed, I hope that the combined market cap of BTC+BCH+BTG will be more than 60%.