The reasons for the tumbling of the price of bitcoin

[xieoyueyue]

In addition to external factors, there are "technical differences" within the bitcoin. In the bitcoin community, the hottest topic in the near future is the bitcoin branching tide. Bifurcations can be simply understood as "line competition". Because of the different viewpoints of bitcoin community within the future of the special currency, the one who disagrees with the new version of the protocol on the original basis will produce "hard Forks".

At present, there are many forked versions of bitcoin community, such as BCH (bit cash), BTG (bit gold), SBTC (super bitcoin), GOD (bitcoin God) and so on. People in the industry believe that the value of the forked comparison of special currency has caused damage.

Had been supported by bitcoin mining pool founder Yanchel Libet, has been in favor of another branch of bitcoin".

A number of analysts view, bitcoin this wave of decline is partly because early or too fierce, the short-term callback is normal; on the other hand, holding the big money in the Christmas and New Year approaching when, so before a big profit and continue to sell or a bitcoin spot, temporary leave. At the same time, it does not exclude the possibility that some investors and institutions want to make short bitcoins.

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[Marucya]

I do not think that the offshoot from the bitcoon of new coins causes damage to the original bitcoin, except for the appearance of some confusion in the names, since the new coins in the first word of their name have the word "bitcoin". Such coins, in addition to some improvements, also contribute to healthy competition among bitkoynov, forcing them to improve on time and eliminate their shortcomings and vulnerabilities.
     As for the reason for the recent drop in the bitcoin rate, when it has already reached the cost of $ 20,000, I think the reason is obvious: bitkoyn has greatly inflated as a bubble because of the rush demand for it and has fallen in price for correction in the course.

[DARKANGEL6415]

Well i agree with you on the fact that there are investment institutions out there that make money by shorting bitcoins price. They really dont care about bitcoins future. They just worry about what bitcoin can do for them and their paying clients " this fiscal quarter " in all honesty. Now we are seeing price drop some bit i believe some correction is normal. The price cant go up every day as that would not be natural. Now also pepple also do tend to sell bitcoins and actual company stocks before the holidays. Look at the nasdaq market they sold off nearly 12 billion dollars last week.

[putlink]

I do not know whether the decline in bitcoin has anything to do with 210,000 bitcoin seized by the Bulgarian government

[whuwyf]

cash out the profit, people who want short term profit are more than long term hodler.

[icanscript]

The drop in the price of bitcoin is connected, primarily with the manipulation of exchanges.
Simultaneously, they stopped registration (they did not allow new money to enter the market)
Several large exchanges. This can not be a mere coincidence.