Why is Bitcoin Down?

[wilhb81]

It's nothing unusual, since it's only a normal cycles of trading (even our daily life has many ups and downs as well) My little suggestion to OP - you can try to get involved with BCT as frequent as you can. Also, go and subscribe some websites related with cryptocurrencies to enhance your knowledge in this field.

[gohan21]

decreasing the price of bitcoin money because it's because investors are dependent on the price of bitcoin because when many investors are also increasing its price but if nobody does invest it down.

[Mjeramirez]

Bitcoin is down because of market correction, this is considered usual in any investment market, it happens when the price get high that very few people are willing to buy, the result is loss in demand and price drop, this event is just temporary. I think you need to take this opportunity to invest as the price is cheap compared to its actual value. One thing is for surein bitcoin, and that is it will continue to go up as it becomes more popular.

[Saisher]

Looking as to why bitcoin is down

I'm new to bitcoin but crashing and the price increase is very much normal in a highly volatile cryptocurrency like Bitcoin, you need not worry it happen a hundred times and it's not the last one we'll see more thousand times of this in the future, so my advice get used to it.

[skyland999]

it's our chance to buy bitcoin if the price is down and we sell again when the price is nik, the factor that I know because of its many or the opposite of its investors which resulted in bitcoin price up or down so it's normal value manipulation so they can buy when its price drops and will sell it when the price goes up again

[TheGodFather]

Looking as to why bitcoin is down

The trend of Bitcoin and cryptocurrency as a whole is that it reaches several peaks and mang highs and then separated by a lot of lows which also promots people to panic sell which reduces the price more but consequently gives chance to people to invest again and then go up in prives

[Silent26]

Looking as to why bitcoin is down

Its normal to bitcoin's price to get down because it depends in the market sale. If you're curious that what about if bitcoin's price get down and never get up. Then im telling you even bitcoins go down to its minimum price. It will still go up. More people are expecting and only depending to its price thats why there are too many user of bitcoins. And these people wont continue to invest in bitcoin if its price will forever be down.

[zenrol28]

Looking as to why bitcoin is down

Don't worry, you'll get used to it. If it's trending down then it's a chance to buy. Just don't sell-off when the price is low. Hold it and you'll be good.

[shintosai]

Looking as to why bitcoin is down

Don't worry, you'll get used to it. If it's trending down then it's a chance to buy. Just don't sell-off when the price is low. Hold it and you'll be good.

This mentality should be take place inside crypto industry, knowing that the value will bounce back and never to panic when things like this is happening.
I understand that you are looking for some point where explanation can be provided but there's none actual one just a supply and demand pattern, those
who already gain sell and those who's willing to wait will hold and buy more.

[Images21]

Looking as to why bitcoin is down

There is no problem about it. There will always be times when Bitcoin is down. We cannot avoid that. The same is true to all cryptocurrencies. That is part of the life of a cryptocurrency. We should not treat is as an indication that it is not as strong as before. We should be worried on the contrary, when Bitcoin will not even try to dip a little. That means it will come crashing down rock bottom very soon. A little dip does not have a very heavy reason why it is happening. So no big deal about it. A reason is there when Bitcoin will lose more or less 40%-50% of its current value overnight.

[Scorpion]

It's a correction from the supply and demand of Bitcoin, it will dip a bit and then rally again. We know that over time more money gets put into Bitcoin so it means temporarily people are selling for funds but that won't stop Bitcoins overall growth.

[Ludmilla_rose1995]

Looking as to why bitcoin is down

bitcoin prices are determined by market demand. if demand is a little certain the price will fall, when market demand is very high definitely bitcoin price will go up

[Joyawan13]

Bitcoin is down because of market correction, this is considered usual in any investment market, it happens when the price get high that very few people are willing to buy, the result is loss in demand and price drop, this event is just temporary. I think you need to take this opportunity to invest as the price is cheap compared to its actual value. One thing is for surein bitcoin, and that is it will continue to go up as it becomes more popular.

Maybe it happens, bitcoin prices go down because of market needs, and give people a chance to buy it, and the decline in bitcoin prices that I think is common, so suppose we want to invest money now is the time to buy it, before bitcoin will rise again above the previous price.

[ismelda_ita]

now bitcoin is down, because of the lack of market demand at the moment, but it will not last long. in a few days, the market demand will be high again and bitcoin prices will rise again

[danielcansil]

bitcoin is down recently and its price is coming back to where it belongs truely because yesterday Coinmarketcap has removed korean exchanges from their site because these exchanges are pumping bitcoin price too high than bitcoin real value, so bitcoin is backing where its true value.

[MrCrank]

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

I'm interesting.. You said that it is just a manipulation from the big guys of cryptos.
Who are big guys? Anyone know?

[Yakamoto]

Looking as to why bitcoin is down

Bitcoin is down for a number of reasons, one of them being the insane transaction queue times and the huge fees associated with that part of Bitcoin.  If the fees were lower there might be more exchange movement in a bullish direction, as it would allow for people to move a lot more of their money more freely and cheaply compared to what we have now. Big transaction queues are the primary enemy of Bitcoin right now, as they slow the network and make it worse for everyone involved, with fees and everything like I commented on before.

It might see more bull runs in the future but for now it's going to be pretty spotty at best for the market. Good news to come, ideally.

[Tonicantik]

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

[deloreswest]

Looking as to why bitcoin is down

cause people are afraid that bitcoin bubble will pop out. bitcoin not a best coin anymore and people already afraid holding the coin. this time for altcoin to take place as the best coin. i believe there will be altcoin that able defeat bitcoin

[Bdstar]

Looking as to why bitcoin is down

it's a simple equation, Bitcoin is a decentralized virtual currency, It's controlled by none, Bitcoin holders are the major mechanism of this platform. Bitcoin selling and buying ration is the responsible for the change of the price. So it also depends on the market demand that's why it will not be a static price anymore.
But in recent times, Bitcoin has made a tremendous impact on the money market and day by day It's becoming an influential system on the monetary platform.