What caused all the price drops?

[Red_Sanford]

Like the other guy said.. More sellers than buyers.

Everyday there is some FUD going on.. I don't bother with any of it. Just buy on the uptrend and sell on the downtrend.

People forget that cryptos were invented to take power away from the state.

[1715649818]

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[mrproblem]

Rumors are raising about BTC pump is coming and it will go over 20k again. I see that in last 24 hours at least 10 or more coin groups.

[ELOCIN]

The buy and sell of altcoins affects the price of the coins. If more demands arises that means more traders buying coins that may resulting to the increase of altcoins value. But if the value decreases ten maybe there are more selling happen.

[irsykes]

Like the other guy said.. More sellers than buyers.

Everyday there is some FUD going on.. I don't bother with any of it. Just buy on the uptrend and sell on the downtrend.

People forget that cryptos were invented to take power away from the state.

ya it is better to take the chance than ask for the reason, for traders no matter what is the price or the trend, the most important is how we can take a profit from that

[deean_3one]

Some of the factors causing the drop in bitcoin prices include:
1. Effect of Bitcoin Volume
2. Depending on Ask And Bit
3. The presence of Scam Miner's Site
4. Not Many Recognized by Some Countries
5. Difficulty in mined bitcoin.

[usorin]

Some of the factors causing the drop in bitcoin prices include:
1. Effect of Bitcoin Volume
2. Depending on Ask And Bit
3. The presence of Scam Miner's Site
4. Not Many Recognized by Some Countries
5. Difficulty in mined bitcoin.

You can add the price manipulation by the volume owners and the hacker attacs

[GrannyC]

Some of the factors causing the drop in bitcoin prices include:
1. Effect of Bitcoin Volume
2. Depending on Ask And Bit
3. The presence of Scam Miner's Site
4. Not Many Recognized by Some Countries
5. Difficulty in mined bitcoin.

What would be the "presence of scam miner site"? Has there been any particularly noticeable scam on bitcoin mining? I am unaware of that... Envion may be?

[dannycol90]

Rumors are raising about BTC pump is coming and it will go over 20k again. I see that in last 24 hours at least 10 or more coin groups.

Hope that you're right For now it looks promising.. But there is now pretty big trust issue i think with bitcoin with prices changing so much.. U think ETH can beat BTC as ETH have smart contracts behind and with that fact ETH is more usable than BTC?

[joselitobayagbag]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

Major reasons why the market has been unstable are,market manipulations by the bigplayers not only whales but these financial giants like CME and wallstreet are joinining our market,they are making billions of dollars in every bloodbaths they have started,they will spread some FUDs making most of the people go panic selling then they will find a good entry because the coins prices are much lower than their usual prices,two some official announcement from the countries banning bitcoin which is giving more people fear that will result to panic selling and bloodbaths,these two are just few reasons why the market bleeds.

[bandar]

I think things can get very very brutal in a way you wouldn't expect it to happen.  Big players can gain a lot of a completely depressed and battered market where hope is nihil and most have left the building.  THAT is the moment to buy.  When BTC gets down to 1-3k and stays there so long everybody thinks the party is over and nothing will ever happen again.  Remember 2014-2016: sideways for a very boring long time.  Hardly any media attention (compared to before and after).  If you look at the gains you could have made on alts and btc if you just bought more back then...

[MaiQwaN]

The popularity of crypto currency is increasing every month. This applies not only to individuals but also to countries and large corporations.
By investing considerable funds they check the crypto market. Today we see how this test is actually happening.

[protoncannonpeep]

Well in my opinion the caused of sudden drop of crypto currencies are when the bitcoin futures come they started manipulating it through short and long trading but more likely in short and the non stop fud that is happening in crypto world (FUD) and there are lots of newly investors that just bought in think that crypto currencies and bitcoin is a quick rich scheme they didn't study anything before investing that is why when there's a fud that is coming they got swayed away easily.

[ichanjay]

Korean, china, india FUDS. Tether bitfinex issue. Corrections from last bull run. But all the good news from the SEC hearing will save us a little hopefully.

[muhammedb]

i think is the high rate in which people are pumping the market, the seller are more than the buyer, and because of some crisis bitcoin is investor are facing in some country which is making people there to sale out there coin with fair.
 

[maxamus]

i think is the high rate in which people are pumping the market, the seller are more than the buyer, and because of some crisis bitcoin is investor are facing in some country which is making people there to sale out there coin with fair.
 

This is one of the factor as there are multiple factors like government regulators in some country and things like investors who holds good Chuck of bitcoin is cashing it out creating more supply than demand thus reducing the value of bitcoin.

[anhhung409]

All Altcoin coins were reduced, including Bitcoin, because there were bad rumors about it. For example, Altcoin was hacked in Hsinfang, Bitcoin cash appeared on the coinbase, some news about Ethereum gold has made many people become ill and wrong investment. Therefore, it has made the market go down and extremely bleak

[Leyss]

Like the other guy said.. More sellers than buyers.

Everyday there is some FUD going on.. I don't bother with any of it. Just buy on the uptrend and sell on the downtrend.

People forget that cryptos were invented to take power away from the state.

ya it is better to take the chance than ask for the reason, for traders no matter what is the price or the trend, the most important is how we can take a profit from that

The Crypto-currency was not invented to take away the power from the state. States have existed for thousands of years and yet nobody has succeeded in destroying the state as a public form of government. Crypto currency also it will not be possible. States, if they feel threat to their existence, themselves can easily destroy the crypto currency.
As for the decrease in prices, after each significant increase in the exchange rate there is always a correction. Not the exception is the December rise in bitcoin prices.

[Alaira]

I think all the price dropped because so many countries banned this crypto, like china, india, and other countries. Actually it is normal when the price ups and downs, but it is littlet abnormal when the price downs till the lowest price.

[derago21]

What we see currently see is a correction that is being made in the crypto market, now BTC is getting stabilized at $8000. There are various factors that caused the price drops which includes, FUD from media, Asia Ban and more., But this is the right time to buy and make a profit out of it in the upcoming months!

[ksyusha_so]

For a long time there was no correction and all this was expected