bitcoin prices have decreased sharply

[vicemi]

this has happened in the past. nothing new.

[ELEL_ELEL]

whether the cause of this is happening, is it something to do with the decision of the south korea government?

Yes it's positively decrease bitcoin prizes when bitcoin is decreasing also. So this is the time to be patiently wait for the pump of bitcoin. So that we can avail the promising price of bitcoin.

[Ozero]

First, there was no decision of the South Korean government to ban crypto currency in this country and will not. There was only a personal opinion of the Minister of Justice on this matter and now 600 000 inhabitants of this country in their petitions demand his resignation.
      Secondly, the drop in the price of bitcoin is obviously due to its long-standing weaknesses associated with slowness and high transaction costs. Since these shortcomings have not been eliminated for a long time, people began to invest not in bitcoin, but in altcoyins. In this regard, altcoins are growing in price, and bitcoin is slowly falling.

[muhsyakir]

bitcoin prices have fallen sharply for several reasons, none predict a very sharp decline, and this is a heavy blow for traders because they predict that bitcoin will increase at the start of the new year and their predictions do not match the true state of affairs.

[jjacob]

whether the cause of this is happening, is it something to do with the decision of the south korea government?

They have not decreased sharply, but have gradually been on a downward trend after touching $20,000. The South Korean news had some impact yesterday, but the price has since recovered. The overall market cap of crypto stocks is increasing, with Bitcoin dominance falling and multiple new alts taking off.

[UrosViewly]

It's probably a wrong point of view. Talking from a more patient perspective, Bitcoin is up 1600% in a year which couldn't be better. Imagine going 100% in the next year, it would be like $25k and even more. And then 50% in 2020, that would make it $40k maybe more. Things are actually doing great if you ask me, these are the golden times for crypto and it's a great beginning.

[markint]

Personally, this current decrease does not seem so drastic. Rather it seems that the price of bitcoin has entered a stage of relative stability and more than scare me, this seems quite encouraging, since a low volatility is essential for a greater adoption of bitcoin. We must also be aware that the increase in the price of bitcoin was quite vertiginous as of September, so it is normal for the price to experience a temporary readjustment before resuming its bullish momentum.

[G2z_Riya]

After every deep price fall, once again the price tends to increase reaching a large scale growth. This can be understood going through the growth chart of bitcoin. For each price fall it has got specific reason and in the similar manner price is expected to increase at the earliest.

[Oceat]

whether the cause of this is happening, is it something to do with the decision of the south korea government?

It affects somehow with the decision of the south korea government but probably the main reason i see is the price correction itself because Bitcoin is being hyped for the past month and that brings the sudden rising of price that almost every users go crazy to it but sad to say the fees for every transactions is going crazy too.

[vicemi]

and will increase again in time.

[anhlandibo12]

Bitcoin prices are dropping sharply in the last one week. Its profound implication is that investors are turning to Bitcoin Cash to invest in it because they believe the future will replace Bitcoin and become a global currency. But I find it is a good time to buy Bitcoin and hold them to make a profit in the long run.

[siguria]

every market has a bearish and bullish season so far we have seen tremendous increases in alts and btc as well and its time for the bearish market.

[leetlezee]

I've talked to several people recently who were interested in getting into cryptocurrency, and my answer is always the same-- you need to be prepared for volatility. Cryptocurrency prices are very susceptible to, well, pretty much any news, good or bad. If the US President Trump said, "Bitcoin is going to be huuuuggge." the price would probably rise at least 20% immediately. Then some other prominent national figure, say, from the UK to threaten banishing it altogether, and bam, back down.

Overall, though, unless Bitcoin gets a scaling solution in place, I think in the long-term Bitcoin is going to lose market share.

[yomighty]

this volatility of bitcoins is the main reason it gets a bad image from the media. on a brighter side this happens in the stock market also which makes this similar to the stocks market which people are advised to invest in.

[rezzx]

It had it's effect on botcoin that's for sure. The question is what part of the decrease was caused by it, and this is aomething we will probably never know.

[soll-moll]

Usually, the price of the various factors affect the BTC, the south Korean news also has a great influence for the price of the BTC, but these are temporary, BTC price rise will tell you that for BTC is still full of confidence.

[WhaleSlayer]

I don't think the actions of the Corean government can affect Bitcoin's price more than for one day or two. I guess this is just the market.

[cipher-x_09]

Well apart might have a huge impact on whether the reasons why there has always been a decrease in a price of bitcoin and as of until now there is no consistency on the increase of bitcoin price well one might South Korea influence is literally important as they are one of the successful country in the Asia.

[btcrut2017]

whether the cause of this is happening, is it something to do with the decision of the south korea government?

I think the South Korean's government has a little impact on the the decrease of bitcoin price. In my opinion, I think it's just the market itself slowing down. As we know the market is driven by supply and demand and i should think that the supply for bitcoin right now is high.

[Images21]

whether the cause of this is happening, is it something to do with the decision of the south korea government?

Don't you worry. Just hold on to your Bitcoins, sit back, and relax. Starting yesterday, actually, Bitcoin is already moving forward. It was in the days prior when Bitcoin's price was moving backwards. But that is through. It was mostly due to the Korean government's actions against cryptocurrencies, crypto exchanges in particular. There was panic selling there. But it was affecting the price rather small time. We are now on the road to another all time high.