Why bitcoin going down?

[readygoaw]

If anything, MS's decision to start taking Bitcoin again will end up helping it rise in price. They reinstated BTC payments.

It won't do that much for the price. Thing is that Microsoft has done the same more than a year ago, where people were worried about why they did remove Bitcoin as payment option, but Microsoft then stated that it was a mistake from their side after many complaints. It would only have had an impact if people were actually using Bitcoin to pay for things on a massive scale, and that's not really the case, otherwise Microsoft wouldn't even consider to *temporarily* remove Bitcoin as payment option. What doesn't contribute towards growth, can't be missed when removed.

This is normal, Bitcoin can not constantly grow in price. Buyers should sell Bitcoin and make a profit, then again start buying at a bargain price.

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[eann014]

Do you know why bitcoin going so much down?

I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.

[aysg76]

Do you know why bitcoin going so much down?

I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.

Bitcoin is getting down but that's quite natural for it since the currency is too volatile and fluctuations in the price are common for it. That could also be a reason for the people may be switching to some other altcoins as still the currency is retaining a higher value thus making it too expensive for the investors to invest in it and that factor in some way or the other is affecting its value...

[Zadicar]

Do you know why bitcoin going so much down?

I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.

Bitcoin is getting down but that's quite natural for it since the currency is too volatile and fluctuations in the price are common for it. That could also be a reason for the people may be switching to some other altcoins as still the currency is retaining a higher value thus making it too expensive for the investors to invest in it and that factor in some way or the other is affecting its value...

Fluctuation of the price depends on the people's demand and supply that's why other users are switching to altcoins. Yet the transaction fees are getting higher and higher due to the demand of the mining fees everyone could not help it but rather wait for the upcoming LN but LN is under in development and everyone couldn't wait for it to release. Some FUD or fake news will affect also the fluctuation of the price because people will tend to panic selling if they see that the price is down. Price correction does a big impact to Bitcoin because of it's constant rising.

[bncbnc]

Do you know why bitcoin going so much down?

I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.

Bitcoin is getting down but that's quite natural for it since the currency is too volatile and fluctuations in the price are common for it. That could also be a reason for the people may be switching to some other altcoins as still the currency is retaining a higher value thus making it too expensive for the investors to invest in it and that factor in some way or the other is affecting its value...

Fluctuation of the price depends on the people's demand and supply that's why other users are switching to altcoins. Yet the transaction fees are getting higher and higher due to the demand of the mining fees everyone could not help it but rather wait for the upcoming LN but LN is under in development and everyone couldn't wait for it to release. Some FUD or fake news will affect also the fluctuation of the price because people will tend to panic selling if they see that the price is down. Price correction does a big impact to Bitcoin because of it's constant rising.

The same questions are repeated again and again. The most understandable reason for fall in the price is the correction and we will see that nobody will sell his bitcoin for a long time,  because they know the importance of bitcoin and and every one is expected that they will get a good profit from bitcoin in next few months. All the selling of bitcoins is for booking profit.

[brainape]

Do you know why bitcoin going so much down?

I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.

Bitcoin is getting down but that's quite natural for it since the currency is too volatile and fluctuations in the price are common for it. That could also be a reason for the people may be switching to some other altcoins as still the currency is retaining a higher value thus making it too expensive for the investors to invest in it and that factor in some way or the other is affecting its value...

Yeah you are right. The price of bitcoin is so volatile that it may change after an hour. But these days the price fell down a lot almost 6000 dollars from 19500 to 13600 which is a huge gap in just a few days. I think it is the right time for new investors because of the low price and in the next year it will rise again and then buying bitcoin will be very difficult due to a high price. We must wait a little for the price to go up again.

[Big Tom]

You may look at:
http://www.advantagetrading.net/charts.html

So, it could be quit long way down... 4000-5000 usd.

[PatrickJk]

Whales and sell walls

[DARKANGEL6415]

Well it sure seems like the price of bitcoin is still going down although it is slowed down.  It seems like you have all this fat cats everywhere seem to want to make mining more difficult as well as being able to buy it.

[scrivenorr]

The alternative currencies have recently displayed a major value decrease, with ETH currency leading the downtrend. Such situation in the cryptomarket led the world’s most dominant digital currency to the opportunity of proving why it has this title, as it now accounts for an impressive 60 percent of the cryptomarket share.

The BTC currency is currently in possession of more than a half of the digital currency market, while Ethereum, which is known as the second most favorable digital currency, accounts for as little as over 12 percent.

https://base.info/news/btc-dominates-60-percent-of-the-cryptomaket