Reasons why Bitcoin is droping:

[Peter Coresi]

There are a lot of negative news circulating about bitcoin, some social media sites banning crypto ads have also made things worse.

[anisuzzaman99apu]

The world biggest and best-known cryptocurrency slumped below the symbolic $10,000 threshold yesterday (Wednesday February 1), but its value crashed further overnight to about $8,600.

Bitcoin has fallen by more than 56 percent since the turn of the year, after peaking at nearly $20,000 in December 2017.

CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Government’s stance on cryptocurrencies.

[kb24mvp]

This is because of the news from many media, that is unbalanced information, so the opinion that develops in society makes the level of public confidence in bitcoin decreases.

[odakorlina]

For me, the reason why bitcoin is dropping because bitcoin is belong to the business world that walk in all stages of business process. Bitcoin price was always affected by these kind of things. Once we pass this phase most probably people will come back and price will go back up to new all time highs.

[olatslodi]

The downswing in Bitcoin price is due to the recent threats and issues coming from the government and banks. If Bitcoin is to be developed, Bitcoin must be accepted at a reduced rate. The problem is time and patience. Its drop in price is similar to any financial asset. It goes up and comes down.

[Reid]

Let's see if it's a good sign, nothing will go on forever and nothing will go down today, it's going to be the next day, believe it, it will happen, love bitcoin

Now that is one good supporter. Do not look at the present, try to look at the future. Good one my friend.

I concluded I think the bitcoin price is going down a lot because there are some new players are frightened, with bad news or fake news that can create panic so they directly sell the bitcoin owned and make the price collapsed.

Weak hands as we call them. In every altcoin there are a lot of people that are like this. They want easy money but ending up in their worse decision of their entire life.

As of the posts. That Crypto Rand doing this kind of reason are all just FUD's. I do think they create this to at least boosts their own coin, even for just a slight chance they will take it.

[tamarindbleu]

declining bitcoin prices due to demand for an investor selling bitcoin and market conditions. bitcoin and other digital currencies are homogeneous meaning one bitcoin is identical to the other bitcoin

The reasons why the bitcoin price is dropping is because a lot of holders of bitcoin is selling there bitcoin immediately when the market is is high so when a lot of people will sell, that would result of dump of the value of bitcoin.

[nikola22]

There are a lot of negative news circulating about bitcoin, some social media sites banning crypto ads have also made things worse.

there were no bad news for bitcoin during last several weeks so it's unclear why the price is falling. may be someone selling big amount of bitcoins and the market is flooded with bitcoins?

[nararifki]

It's just a sentiment from only some people. Indeed bitcoin fell several times, but that's reasonable, and will return to the highest price

[YED]

The fall in the prices of the digital currencies is due many reasons one of the is  there was a rumour in the market that popular crypto exchange Binance has been hacked in an attempt to influence bitcoin’s price. Securities Exchange Commission (SEC) issued a statement that cryptocurrency platforms should not be called by the name of exchanges since it creates an illusion of regulated activity.

[Kita Kita]

declining bitcoin prices due to demand for an investor selling bitcoin and market conditions. bitcoin and other digital currencies are homogeneous meaning one bitcoin is identical to the other bitcoin

The price of bitcoin is dropping because right now many people here in crypto is choose to invest there bitcoin with ico rather than to keep or hold it that's why bitcoin price is dropping and the other reasons is people are not buying a lot of bitcoin thats why its value is dropping.

[lida311993]

However, bitcoin remains the most expensive currency and many people still want to invest in it. Although over time things can change.

[kristinasm]

Yes, bitcoin is not as popular as it was a few years ago, because it has more competitors - other altcoins that are more profitable and faster. But it is unlikely that any of them will be able to overtake bitcoin in the near future.

[fumblingperch]

All bitcoin's failures are temporary, it's like a Phoenix, always reborn. So do not doubt it, bitcoin will remain the first cryptocurrency among all, you will see.

[pocket_lck]

There are so many reasons why bitcoin prices go down and especially bad news that attack bitcoin, but you need not be afraid, because bitcoin prices are still high and this is because of the many community enthusiasts on bitcoin.

[tidus_13]

today there is an increased demand from ordinary users who open more new wallets, increase the number of transactions (transactions), and also create new companies that rely more on Bitcoin.

[Triwiyono]

in my opinion, why the bitcoin price drops because no investor buys bitcoin. most only sell bitcoin because the price is expensive. but maybe it is also one of the strategies to attract new investors, because if the price is cheap then there will be many investors who buy bitcoin. or it's just temporary price manipulation so investors can benefit from those who sell cheap.
but the popularity of bitcoin is increasing, the more bitcoin users are growing. even some advanced countries have also received bitcoin for payment.

[Blackrain13]

      The reasons why bitcoin dropping are the low demand now in the market. I think most the people in crypto world and investors getting busy with other job or maybe in vacation that's why it affect to the market demand of bitcoin decreasing. But we don't need to worry because it will go back to normal. The bitcoin demand will increase soon just stay positive and relax,still more people out their looking job inn crypto and one day they will find bitcoin in their way.

[crustycrab666]

The fall in the prices of the digital currencies is due many reasons one of the is  there was a rumour in the market that popular crypto exchange Binance has been hacked in an attempt to influence bitcoin’s price. Securities Exchange Commission (SEC) issued a statement that cryptocurrency platforms should not be called by the name of exchanges since it creates an illusion of regulated activity.

News has a huge impact. Especially when it comes to legality and security of cryptocurrency. Moreover, if there are criminal actions that utilize cryptocurrency, such as requesting ransom in the form of BTC when there is a case of hacking on HBO.

[cryptolord5]

the crypto market are not always static, so sometimes market increases but with the GREEN now seems it going to the permanent site.