Why Bitcoin is going down?

[btcmayumana]

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

At first i also feel this is cause by segwit2x and futures. But now, i don't think many people interest more in segwit2x, from coin.dance/blocks, there is still no progress.

[mlgblockchain]

I think the Christmas and the new year is kind of responsible for this. People are making more transactions with money than online money. I think this "going down" of the Bitcoins value will continue until the end of the month or this year. When the price or value or rate is low, more people will tend to get a hold of more bitcoins. So, draining the value won't be a continued that long. Let see what happen in the first week of next year.

[Skieleton]

The bank is slowly breaking. The price so high can not last long. I wonder what will happen to the price after the first year ...

[sclmte]

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

The basic reason of the price going down is because of the people who are selling or taking their profit ,
The bitcoin price depends on its demand so as the demand decrease the price would fall down but I think nobody knows if it could goes below $10,000.

As more people started selling, prices began to drop, then more people began to panic, creating a stampede that led to prices eventually collapsing. More people selling their bitcoins for cash for this holiday season that's why it suffer from price drop. In this time lets just hold and be patient because at the end bitcoin will recover and surge again.

[Washball]

Of course Bitcoin is going down. What did you expect after the incredible price rise these last 2 months. And the price will still go down, with the whales cashing out they also trigger small investors to dump. The launch of bitcoin futures also have a part in this price fall. Watch out for the financial institutes. Bitcoin could fall way back, maybe to 8K. Then people will start buying again, causing a new price rise.

[Dreamr]

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

Bitcoin price is going down because of the market correction. Everytime bitcoin price reaches certeain level the market will make some correction over the price in order for it to balanced.

[DassKass]

More people selling than buying.

[Marry Finch]

Bitkoyn recently has grown very rapidly in its value only due to the exorbitant growth in demand for it, without increasing its intrinsic value. That is, in fact, bitcoin grew like a bubble. Therefore it is not surprising that at some point he stopped in this abnormal growth and jumped back. Perhaps, the upcoming holidays played a certain role in its fall, when people make many purchases and sell their bitkoy for this. Such a drop in the price of bitcoat, I think is quite acceptable phenomenon, allowing you to bring the price of bitcoins to the real exchange rate.

[Delisaara]

After bitcoin prices rise so high, naturally if the price of bitcoin is now down.Don't panic and keep your bitcoin, The future will rise even higher .. Be patient, And look for the advantages of this situation,

[Jashhh]

But in 2018, may be 100.000$! So let's hold to die

I'd rather hold on it to live

[Sahabat_]

it could be because the panicked traders then may also sell the bitcoin they have because of the continuing needs of bitcoin enthusiasts again move to altcoin so later after the bitcoin price comes in at the price that may be in the sense of being the lowest then traders will immediately buy bitcoin back

[Shaibana]

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

Whales are making bucks by margin trading, amazingly how much money they are earning by this fluctation, is just amazing.

[Stingray1970]

I think everybody needs to buy Christmas presents and is cashing out to have money to pay for them  

[Jashhh]

I think everybody needs to buy Christmas presents and is cashing out to have money to pay for them  

Also simply having a christmas bonus for themselves. It was right at a time that most coins stood very high so it was an ideal moment.

[Cr7go4]

You never know what is gonna happened to bitcoin I see a bright future from bitcoin and it will rise further  more and more..

[Desperaboss]

btc price is going down because it hits $19k too fast the last weeks. So the market reacts with a price regulation. Nothing special so do not panic.

[kendra1107]

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

Possibly due to the supply and demand scenario. Lesser supply leads to higher value. Same with increase in demand wherein when people starts patronizing something, the product will incur higher value. In this case, may be demand went down so price also went down...

[tigan_gangmei]

Bitcoin transaction fees are too high so many people are moving to alt coins. Moreover, it's festive season so people are cashing out. Opportunists will buy the dip and off to the moon again.

[jpoker272727]

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

Dont worry too much, bitcoin will not fall that much! bitcoin is suffering a fall now because there's people who need FIAT to have a nice Yuletide season but we can expect that bitcoin will back to track and will go over the reached milestones. we can expect a rise after Christmas and fall before new year but will do much better after the 3rd day of the 20018.

[spooneds1]

The price is going down because right now is a festive season many users or investors is cashing out to be used in holidays. But i think at the end of the year the bitcoin will still increase.