Reasons Why Bitcoin Price Drops

[Diluman]

This should be a supply and demand problem affecting the bitcoin price, because there is and inflation in prize more customers with large quantity of Bitcoin will want to sell for profit and costumers buying are few because the inflation of prize,so the supply is now more than the demand.

I also think the recent rise is due to the Bitcoin Gold fork. People want to get some bitcoin Gold, so they bought some bitcoin. Now they got it, so they sell bitcoin. The price has dropped.

[kaloloy]

Few reasons that causes Bitcoin's price is decreasing is when investors are dropping their coins for other investments.
- when a country banned for coins exchange like what China did last few months ago.

[Python2.5]

Because of negative news. That affects people and most of them want to withdraw their money from this platform being easily influenced.

[kaloloy]

The price changes and decreases or declines because of the market. The chain of supply and demand is the factor that dictates the price of bitcoin. If the supply is higher than the demand then the lower the price gets and if the demand is higher than the supply then the higher the price becomes.

The country that has the biggest role for trade and world economy is China, last few months ago they cracked down all coins exchange so then Bitcoin suddenly suppressed the value, the decrease gap is high so investors have to work on it to stabilize Bitcoin's share. Therefore, China's new regulatory at this moment regarding with crypto currencies is obviously pretty so coin exchange ban was lifted and that's is one of the reasons why Bitcoin is now jumping on top.

[Delarock]

When the number of sellers is greater than the number of buyers in the trade, the trend towards the price will be reduced. The main events affect the price.

[JK47XdeCrypT]

I believe it is purely based on fear or profit taking.

2 types of people in market:

A) Understand bitcoin
The more people know about bitcoin - the more likely to hold --> price goes up
Will occasionally take profit and buy in later --> profit taking

B) Do not fully understand but bought in
People who do not yet fully understand will be more likely to show weak hands and sell --> fear

AS LONGTERM - understanding goes up --> price will likely go up (with dips along way)

[webdevmastery]

The bitcoin price is decreasing and increasing depending on the circulation of the market. Learning the principles of marketing like how the Supply and demand is affecting the consumers will let you predict what are the possible reasons why the value is increasing or decreasing.

[radjie]

The bitcoin price is decreasing and increasing depending on the circulation of the market. Learning the principles of marketing like how the Supply and demand is affecting the consumers will let you predict what are the possible reasons why the value is increasing or decreasing.

I think the cause of bitcoin prices is currently dropping in due to the lack of market demand because many people are worried about the existence of the current hard forks so the number of requests decreases.

[Quietman]

Honestly, I think it's because the fork has finished and now people are removing their coin from more vulnerable positions such as hot wallets and supported exchanges. I will go back up as many will sell Bitcoin gold for normal bitcoin and keep it in their wallets for the next Fork. In the meantime buy low!

Yeah, people tend to hold their bitcoin to have a bitcoin gold. Then decided to sell their bitcoins due to panic of the thought that bitcoin will be down after fork. Since the law of demand of supply has also connection with bitcoin. Selling would mean the demand was lower therefor making its price dip. But as the price goes low. Prepare to buy! Because after that dump there will also be a big jump.

[rausvi15]

Because of negative news. That affects people and most of them want to withdraw their money from this platform being easily influenced.

What do you mean by negative news? Meanwhile there are no rumors about bitcoin, all information is correct, this price drop is due to two forks,
1:- Bitcoin Gold fork (occurred on 23 October)
2:- Bitcoin2x Fork (Segwit2X will occur on 16 november)
but price Drop now a days due to Bitcoin Gold fork, and when Segwit2x come i think there will be more price drop. So be prepared.

[bob123]

Basically you have to look at the factors which determine price: Supply and Demand.
Before the BTG fork was to happen, people bought bitcoin to get "free money" from BTG. There was more demand, but same supply => price got higher and higher.
Now, after the fork, people take their "additional" investment into BTC out (they just bought them to get BTG). Therefore now the supply gets rises and demand lowers => price drop.
But that fall won't hold on for too long. BTC will recover and probably grow even bigger, like always.

[HiringYou]

There were two main reasons for the huge drop in the price last month. One reason was when China banned all the ICO's and Exchanges.The other reason was that controversial statement by JP Morgan's CEO Jamie Dimon. He called Bitcoin a fraud and asked the people to not invest in it which resulted in a huge drop. But now the market has recovered and price has reached it's all time high value.

[n0ne]

Because of negative news. That affects people and most of them want to withdraw their money from this platform being easily influenced.

What do you mean by negative news? Meanwhile there are no rumors about bitcoin, all information is correct, this price drop is due to two forks,
1:- Bitcoin Gold fork (occurred on 23 October)
2:- Bitcoin2x Fork (Segwit2X will occur on 16 november)
but price Drop now a days due to Bitcoin Gold fork, and when Segwit2x come i think there will be more price drop. So be prepared.

The price drop is something expected by every user once after the segwit as well after fork. Meanwhile most of the time FUD gets circulated around and the same causes downfall in value. Possibly the price used to retain after short time soon after dropping low in value. This time I don't think that the fork has made a big impact over the price of bitcoin.

[Martinus Java]

in my opinion, bitcoin to drop because bitcoin sales bigger than purchase bitcoin.
other than that, use of bitcoin increasing so uncontrolled.
banned by china make traders give up their positions

[TastyChillySauce00]

Because of negative news. That affects people and most of them want to withdraw their money from this platform being easily influenced.

What do you mean by negative news? Meanwhile there are no rumors about bitcoin, all information is correct, this price drop is due to two forks,
1:- Bitcoin Gold fork (occurred on 23 October)
2:- Bitcoin2x Fork (Segwit2X will occur on 16 november)
but price Drop now a days due to Bitcoin Gold fork, and when Segwit2x come i think there will be more price drop. So be prepared.

The price drop is something expected by every user once after the segwit as well after fork. Meanwhile most of the time FUD gets circulated around and the same causes downfall in value. Possibly the price used to retain after short time soon after dropping low in value. This time I don't think that the fork has made a big impact over the price of bitcoin.

People just dumping their bitcoin after the bitcoin gold just distributed or moving/exchanging their bitcoin to altcoins, same thing goes to when the BCC fork happened, after the HF, price of many altcoins significantly increase.
And now, see the result of the recent bubble caused by HF promising free bitcoin gold for each bitcoin holder, massive dump happen.

[Baggong]

Bitcoin is decentralized so rising and falling prices is normal and commonplace, when the price drop becomes a good opportunity for us to buy because the price will soon rise again.

[Jamie Oliver]

I am in favor of the second point upstairs, the government intervention is very important, if a country does not support, then how can the development of Bitcoel, as for the third point, I do not agree, Bitcoin and other virtual currency together Development is the block chain of progress
 

[arnux]

News is the fundamental reason why Bitcoin drops and surges at different points whether it's bad or good news it doesn't matter it will affect the price and the amount of people buying and selling.

[w5pn73]

I think government interventions will be an important aspect from now on, who knows what rules they will impose.

[Allan Ramanda]

bitcoin prices actually depend on the consumers themselves. for example if the consumer is very much to buy bitcoin, while bitcoin stock only a little, then the price will rise, otherwise if the stock is very much and the buyer does not exist, then the price will decrease.