Bitcoin price is going down.

[Stedsm]

Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.

Bitcoin's value has been fluctuating both sides, and have different reasons why is it so:
Firstly, "quoting" a reply of mine on this thread: Why is bitcoin price so high?

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Can't be called a bubble but an unexpected spike that was never seen or thought of before.
Reasons why it went up so high:
- Bitcoin gained traction after it surpassed its previous ATH during the beginning of 2017.
- Seeing the spikes, everyone joined the train and went with the flow.
- Afterwards, according to the plans, a "season of forks" came into action. BCH was announced and to get more of what they were expecting from their free money, they started pumping in more cash in Bitcoins.
- Value spiked to more than 20 times in a year itself because of total number of users getting added daily broke records everyday.

Now, telling you the reasons why it's decreasing:
- Bitcoin's adoption has spiked to an all new level that was never thought of, and there increased the number of such users too who "sell in panic".
- It's holiday season as well as New Year coming, it was obvious that the value was about to shrink.
- The "season of forks" has now stopped.
- Transaction costs increased and speed decreased.
- Finally, value rose 20 times, but if you see it as a drop from that level, it's not even down 50%.

[wxxyrqa]

Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.

Bitcoin's value has been fluctuating both sides, and have different reasons why is it so:
Firstly, "quoting" a reply of mine on this thread: Why is bitcoin price so high?

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Can't be called a bubble but an unexpected spike that was never seen or thought of before.
Reasons why it went up so high:
- Bitcoin gained traction after it surpassed its previous ATH during the beginning of 2017.
- Seeing the spikes, everyone joined the train and went with the flow.
- Afterwards, according to the plans, a "season of forks" came into action. BCH was announced and to get more of what they were expecting from their free money, they started pumping in more cash in Bitcoins.
- Value spiked to more than 20 times in a year itself because of total number of users getting added daily broke records everyday.

Now, telling you the reasons why it's decreasing:
- Bitcoin's adoption has spiked to an all new level that was never thought of, and there increased the number of such users too who "sell in panic".
- It's holiday season as well as New Year coming, it was obvious that the value was about to shrink.
- The "season of forks" has now stopped.
- Transaction costs increased and speed decreased.
- Finally, value rose 20 times, but if you see it as a drop from that level, it's not even down 50%.

Well, can you be sure that next year Bitcoin will again go to the games? To date, it became clear that the intense surge in the price of Bitcoin was just a confluence of certain circumstances that influenced pricing. But What can we expect in the near future?

[Isaak Bitcoin]

Bitcoin quickly rose in price from November 2017. The rate of increase was such that the price increased by $ 3,000 per day. Of course, after such an increase, there was to come a fall and it came. I think after the New Year trade will come alive and bitcoin will start to rise again.

[kiloiko]

I think this has a something related with the coming of Christmas and New Year's day, most people would be more busy themselves for that, and not too busy with bitcoin/other cryptocurrency. But I'm still very sure.. it would bel moving towards higher again, let's see by over time.. if necessary doing a re-buy, it could be add to the chances of earning a more high profits.

May be you are right that due to Christmas the investment ratio decreased and due to which the price too but I am sure that in the next year its price will jump again and may it reach to 30000 dollars till the end of 2018. Let see what happens. If we look overall the market value of bitcoin it is increasing with the passage of time but some time due to unknown reasons the price falls a little bit but nothing to worry.

[Edsemen]

No need to worry, price decreases like this every now and then are expected by now. Since the resistance at $20K was too strong, the price the price couldn't go up through the threshold and had to correct itself. I'm sure it will pick back up in a few days.

Yeah I agree for that., when price decrease it means a lot and full of spectations that would happen when it turns up again can it take high prcie balue or not? But me for sure that price now and then will taking higher as we know that bitcoin is always finding for a better progress and this progress is the part of pricing the value high and low so that it can take ways to come out some time in the market way.

[warwar]

Bitcoin quickly rose in price from November 2017. The rate of increase was such that the price increased by $ 3,000 per day. Of course, after such an increase, there was to come a fall and it came. I think after the New Year trade will come alive and bitcoin will start to rise again.

That will mostly happen after the pump of the bitcoin.that is the characteristic of the bitcoin after the hard pump then the dump will follow. Though dont be afraid because mostly it is just temporary it would be stable.for a moment it will not be dumping really hard and loss its value it will never happen .now it is new year the price now is dumping hopefully it will be up soon

[Awnar]

Bitcoin quickly rose in price from November 2017. The rate of increase was such that the price increased by $ 3,000 per day. Of course, after such an increase, there was to come a fall and it came. I think after the New Year trade will come alive and bitcoin will start to rise again.

That will mostly happen after the pump of the bitcoin.that is the characteristic of the bitcoin after the hard pump then the dump will follow. Though dont be afraid because mostly it is just temporary it would be stable.for a moment it will not be dumping really hard and loss its value it will never happen .now it is new year the price now is dumping hopefully it will be up soon

It has been in a high price for too long so i guess it is just normal for this price to go this way. We cant really speculate another fork or even huge events like countries joining bitcoin. Their are a lot of factors but those are mainly the simplest explanations. So as a trader it is better to buy at this price because even next week, the price might go again in surge surpassing the 19K highest peak.

[cybersofts]

The bitcoin price went down for about two weeks and now is about to shoot itself to the sky again. The price was down for weeks due to the recent market correction but it appears the price has started recovering because it gains about 8% increase in value.