Why is Bitcoin Down?

[AustinTX2005]

Looking as to why bitcoin is down

[Vladv26]

The whole market of cryptocurrencies is down with over 25%, in the last hours it started to increase back a little. Dont worry it is just a manipulation from the big guys of cryptos to get the price down so they can buy when the price is low and sell back when it gets higher.

Soon all the coins are going to increase back even higher than before. It is not the first time when this happens and surely not the last time. Dont sell anything, my recommendation is to buy even more while the price is down

[cryptoamumu]

Just another day in the crypto world. Prices go up and then prices do down. Buy when low and sell when high. Just hodl your bitcoin and the price will increase after this dip, it always does.

[surfinonmyownwavebaby]

Standard stuff dude another day another dip. It had to happen considering how many days the markets were green it was only a necessary and healthy correction.

[0t3p0t]

Looking as to why bitcoin is down

That is actually part of Bitcoin's or cryptocurrency's system as it is a community driven digital assets. It might be a manipulation by big players on the market, volatility or due to the issues in the Bitcoin system which I am hoping that upgrades will be on it's way and one thing is we all know it already that Altcoins are dependent to Bitcoin because it goes mainstream and in widespread adoption that is why Altcoin's prices are affected too. It could be for payment or investment purposes. But don't you worry because the price will bounce back very soon just be patient or maybe buy some now for the future.

[tekimebounty]

You must learn trading elementaries. Its law of trading.

[markdario112616]

It's just a normal thing in the industry. Prices do fluctuate from time to time so no need to worry. Players who has big investment tend to manipulate the market at some point, the demand of Bitcoin is quite high but the supply is low which also contributes to the fluctuations. Anytime soon price will rise up again just be patience.

[jollyreti]

Nothing new, market changes every hour depending on news or actions. So now it is down and tomorrow it might be up, you just need to use opportunity.

[EddyRobins]

Down two days in a row but not to levels that need to concern

[SUDARMONO]

decline and rise in the price of bitcoin and altcoin like cycles occur, where as bitcoin decreases therein altcoin rises in price and as bitcoin rises altcoin prices decreases, bitcoin price drops are common, and soon I think bitcoin will go up, just be patient waiting for a bitcoin rise.

[QuestionAuthority]

Read this whole article if you really want to know what’s happening to bitcoins price.

https://www.biznews.com/global-citizen/2017/12/06/bitcoin-bitfinex-tether-risk-crashing/

[Alns]

The price is only going down because of the fucking korean regulations + government issues.
Thatis the only explanation that you are probably looking for
Do not pay attention to the others who are saying bullshit about it, because that is the only explanation.
And most altcoins went down by more than 10% on coinmarketcap, because the korean exchanges got delisted from there.
So the average of the price changed drastrically.
This caused a huge panic selling and the price went down by a lot

[Pleione527]

I also don't know why the value goes down again and this is for a long period of time unlike before whenever bitcoin drops after few weeks it manage to appreciate and become much valuable but this time it became stagnant and move upward very slow and for the record it didn't reach again this year the last years highest value which is $19000. Maybe there's some corrections that is happening now

[michkima]

The price is only going down because of the fucking korean regulations + government issues.
Thatis the only explanation that you are probably looking for
Do not pay attention to the others who are saying bullshit about it, because that is the only explanation.
And most altcoins went down by more than 10% on coinmarketcap, because the korean exchanges got delisted from there.
So the average of the price changed drastrically.
This caused a huge panic selling and the price went down by a lot

You could also add that bitcoins is terrible right now, and the network is far too congested to be usable! You can't even get a transaction through without paying a high enough miner's fee! That is a huge turn off for most people for sure and has driven a lot of users to switch to something else like ETH or, amazingly, DOGE. It will likely turn around after an upgrade is done to the protocol.

[Gabb]

Looking as to why bitcoin is down

Apparently this is becoming very common in the bitcoin market, and therefore I think that those of us involved in this matter of crtyptos should be accustomed to these continuous oscillations. In fact, since the price approached $20,000 in the month of December, it seems to have entered a very consolidated price range where the midpoint is around $15,000, which means an excellent opportunity to earn a lot of money in who devote themselves to swing trading.

[btcluisdiki]

Looking as to why bitcoin is down

Apparently this is becoming very common in the bitcoin market, and therefore I think that those of us involved in this matter of crtyptos should be accustomed to these continuous oscillations. In fact, since the price approached $20,000 in the month of December, it seems to have entered a very consolidated price range where the midpoint is around $15,000, which means an excellent opportunity to earn a lot of money in who devote themselves to swing trading.

There are always ups and down in the bitcoin market wherein its just normal but moreover the increase in the price value is much greater than the downside. Bitcoin will anyhow recover soon back to its usual price value and this will lead to more optimistic view for the bitcoin investors.

[badjacks99]

Looking as to why bitcoin is down

 Well welcome to the world of crypto currency! As someone who’s been in the coin since about 2013, you’ll need to get used to the price fluctuation. One way or another it never stops.  It appears you’re new to the community, so welcome.  My advice and Lester day trading  crypto currencies, It’s best to not keep us close track on it, and get yourself all worked up and scared that it’s going to fall off a cliff. Sit back and enjoy the ride, cash out when you see fit.

[Baimovic]

I think it's a tough day for bitcoin, after the end of 2017 yesterday, bitcoin has lost its reputation.
and I see that it is still in recovery so the bitcoin price is not stable, and down.

[24core]

Looking as to why bitcoin is down

It is not just bitcoin. There was a small correction and do not worry. The bitcoin price will go up again as usual.

Bitcoin and cryptocurrency in general is gaining popularity!

[filtyfrank251]

Looking as to why bitcoin is down

Apparently this is becoming very common in the bitcoin market, and therefore I think that those of us involved in this matter of crtyptos should be accustomed to these continuous oscillations. In fact, since the price approached $20,000 in the month of December, it seems to have entered a very consolidated price range where the midpoint is around $15,000, which means an excellent opportunity to earn a lot of money in who devote themselves to swing trading.


There are always ups and down in the bitcoin market wherein its just normal but moreover the increase in the price value is much greater than the downside. Bitcoin will anyhow recover soon back to its usual price value and this will lead to more optimistic view for the bitcoin investors.

Bitcoin is stable at $ 15,000. Actually this is the value that people accept so it can be so stable. At present, the big investors have not returned to the market, so the prices of the coin have not increased too high at this time.