Why Bitcoin is going down?

[dylanarora789]

Why bitcoin start going down and down will it goes below 10000$?

[Vibr56]

Please check other threads that have been opened. There are a lot of them and noone can answer these types of questions I'm afraid.

[KevenDabid]

May be associated and liqui stolen personal funds, then financial institutions began to sell the currency, led to the fall, but don't be afraid, now is still in a bull market, fell not gives us the opportunity to buy?

[drunkcoin]

It can. I was thinking about Bitcoin's overpricing a month ago. So, I was right. Price is going back to it's real amount which is about $5-7K.

[DMC_Ken]

why? bitcoin is going down because they hit the 19,666$ and the price of it are jumped nearly 13 times according to my research, so that's why the price of bitcoin fell over 36 percent and losing more than one-third of it's price.

[zulkarnaen]

So far bitcoin price is affected by the supply and demand of bitcoin in the market, with bitcoin reductions certainly due to the current increase in supply in market causing the decline in bitcoin prices but i think this is quite relevant because the current situation requires more budget ahead of preparation of big day and turn of the year. So many bitcoin users are selling it for preparations ahead of Christmas and New Year celebrations

[jvdp]

Why bitcoin start going down and down will it goes below 10000$?

​​The Segwit2X hardfork will be held on December 28, all about the new Bitcoin fork. So servers are busy in current market. It is affect the Bitcoin value. In current situation all the miners are jump to altcoins only few of them are available in mining so transaction fees also increasing in crypto market. This is not a issue after hard fork it will automatically changed. Bitcoin value is raise gradually in crypto market.

[coinycoiny]

There were a lot of people last week saying it wasn't a bubble.

Where did they all go?

[bitcoinsocial09]

Why bitcoin start going down and down will it goes below 10000$?

Simply because the transactions are high at this moment. People are selling Bitcoin not because they are no more interested but rather they are in need of money because of the season. So eventually, its market value is expected to be more expensive. All we have to do s to hold and patiently wait.

[coinycoiny]

People are selling Bitcoin not because they are no more interested but rather they are in need of money because of the season. So eventually, its market value is expected to be more expensive. All we have to do s to hold and patiently wait.

That's an awful lot of xmas shopping going on today then!
 

[Marco Ambrusini]

Why bitcoin start going down and down will it goes below 10000$?

​​The Segwit2X hardfork will be held on December 28, all about the new Bitcoin fork. So servers are busy in current market. It is affect the Bitcoin value. In current situation all the miners are jump to altcoins only few of them are available in mining so transaction fees also increasing in crypto market. This is not a issue after hard fork it will automatically changed. Bitcoin value is raise gradually in crypto market.

I believe the segwit2x might also play a part on the drastic fall of bitcoins but altcoins are also dipping and bleeding seriously.According to coinmarketcap about 90% of altcoins are all in red and major decline in the entire market cap

[PhucS]

After reaching a record high of $ 20,000 earlier this week, Bitcoin has fallen 15% today and dropped to the lowest level of more than 20%. This can be considered as a strong fluctuation in the value of Bitcoin. I think that the main problem lies in the growing demand for this currency, while the limited supply has led many unprofessional investors to invest in Bitcoin, Probably a large number of Bitcoins are reserve. But do not worry, wait, I think Bitcoin will soon recover and grow back

[Xpod78]

My personal thoughts:
* Bitcoin initially went down due to pumping other alt-coins especially BCC (according to coinmarketcap with BTC dominance going down)
* Now (as of these past 2 days) people are panic selling due to them just seeing Bitcoin go down and not realizing it was just going into other cryptocurrencies
* Honestly, I don't know how far the drop could be, but it'll be pretty bad, BTC dominance is going up which is a sign people are cashing out for fiat currencies and not other crypto-coins

again- just my personal opinion based on speculation.

[bitfools]

It will go below $1k, it may very well go back to $100, or ever $1, think about this, what is it worth?

Absolutely nothing, other than the 100,000 scammers who pump&dump the bitch on this forum,once they move on to the next big-shit, BTC will be forgotten, and go back to natural organic growth.

Much of the gain this year and last and go away in just a few days

The problem is that there are 2,000 shit-coins that are all 100% bTC clones, and some are better, that is a big problem for the CORE, who are fat,dumb, and dumber

[dale1075]

I think the past issues with the BTC platform that was left unresolved because it was covered by its popularity of the cryptocurrency  had caught-up with bitcoin.

According to Fortune,  the drop is a result of the fallout from long-unresolved problems with Bitcoin’s infrastructure,
and the increasingly intense civil war it has produced in the cryptocurrency community.

[samuraijin]

I think why bitcoin is down, and bitcoin is strongly influenced by supply in the bursa, so there is a reduction of bitcoin and there is definitely an increase in the market

[lucid_guy]

###################### WARNING ABOUT CRYPTOS ########################
The 2008 financial crisis caused 500,000 CANCER DEATHS!!!
  (If any doubt, just do your own research).

        9/11 WAS ### A JOKE ### IN COMPARISON

Who is mainly RESPONSIBLE FOR THIS CRIME? #### BANKERS ####
Have they been to JAIL? #### NO ####
WHY? JUST THINK.

##### NEVER FORGET THESE INNOCENT 500,000 VICTIMS WHO SUFFERED BEFORE DYING ##### (LIKE SHOAH)

Now, bankers & central banks are afraid to lose their jobs because of cryptos,
so they try to scare governments about:

1) their FIAT currency
2) losing control and power
3) losing taxes revenues

What they currently do is create ARTIFICIAL HUGE VOLATILITY on cryptos (they have enough funds for that).
They want an EXCUSE to "protect" investors.

In reality, they just want to take CONTROL (REGULATIONS OR BAN)

They also SCARE PEOPLE ON SOCIAL MEDIAS, PRESS, OR TV (CNBC for instance).

DO NOT LET THEM F#CK YOU AND YOUR FAMILY ONCE MORE.

WE DON'T NEED ALL THESE MOTHERF#CKERS ANYMORE.

===> ACCEPT CRYPTO PAYMENTS FOR ANYTHING INSTEAD OF FIAT. BUY MORE CRYPTOS. <===

NOW YOU KNOW. PLEASE SPREAD THE WORD. THANKS

[bitfools]

It will go below $1k, it may very well go back to $100, or ever $1, think about this, what is it worth?

Absolutely nothing, other than the 100,000 scammers who pump&dump the bitch on this forum,once they move on to the next big-shit, BTC will be forgotten, and go back to natural organic growth.

Much of the gain this year and last and go away in just a few days

The problem is that there are 2,000 shit-coins that are all 100% bTC clones, and some are better, that is a big problem for the CORE, who are fat,dumb, and dumber

ppl are cashing out of ALL in the past 24 hours, most alts are down +30% which makes the btc drop 25% look small, but note that is only one day, we're in the xmas season, so there is only one direction forward

Sell Mortimer, Sell

If you don't sell, and U did pay for this 'shit' then you are truly screwed, if you got the btc for free like most of us old time coders, then who gives a fuck? I don't care if it goes back to one satoshi 1/100000000000000000000 cent

The only ppl who get hurt here are the morons who paid 'real money' for vapor

[coinsocieties]

Why bitcoin start going down and down will it goes below 10000$?

I think its because today is end of the year going to christmas season and new year i think that was the reason why bitcoin was dump but after this bitcoin will go back to normal again.

[GoldenOrder]

There were a lot of people last week saying it wasn't a bubble.

Where did they all go?

Hodling