Why the bitcoin price goes down

[Ranly123]

There were just too many bad news for the crypto world on the media recently, coming from Asia... The intention of china to stop the mining, the supposed ban of crypto trading in South korea etc... People just started to get scared about bitcoin price going down and cashed out...

Basically this reasons you just mentioned are fud which makes people think twice before going to invest. Recently bitcoin price drops due to massive supply from people who panic selling their bitcoins. The best thing to do now is to hold our stock and wait for the market to hike up again.

[NoviceInvestor]

in this month price of bitcoin goes down , any one know reason for BTC price down 

Supply and demand. If the number of people selling Bitcoin relative to the number of people buying Bitcoin falls, then the price will fall.

[Fantastic33]

Corrections on bitcoin or other cryptocurrenct is normal. It occurs due to the changes on its supply and demand. Besides it only occur for a short time and price will still go back to normal. Sometimes corrections can be healthy to both investors and traders to avoid being too comfortable of their gains.

[btsjimin]

Law of demand and Supply. When many investors purchase coins it will definitely increase its price meaning high and demand. When many investors will sell it means the increase in supplies is higher than the demand for the coins. There are also many factors that influence such as the increase in sales of other altcoins that also reduce the demand for bitcoin because they buy more altcoins than bitcoin itself.

[kashwin663]

in this month price of bitcoin goes down , any one know reason for BTC price down 

Bitcoin price is not regulated by banks or the governments, it is all demand and supply.if Bitcoin touched the highest price mark. Many people sold their accumulated Bitcoin is order to cash the profit, resulted in more Bitcoins in the market.so Supply increases but demand remains same, hence price went down.

[sneeze11]

in this month price of bitcoin goes down , any one know reason for BTC price down 

No can predict when the price of bitcoin goes up or goes done it depends on it. When the price of it are going down you need to hold it for a long time because there's a chance that the price of it will be higher than you expect. Just like my friends did they hold their bitcoin and sell it when the price of it are higher.

[Krispin47]

in this month price of bitcoin goes down , any one know reason for BTC price down 

If you look at some analysis you could predict that price can go down till like 8k if not slips a bit more, we have many new investors and who knows what kind of panic selling this can pull. On the other hand bitcoin and other cryptos are more of a speculative asstet as it is from now on, than real currency with real use although I am fairly confident this will change in future

[jercess]

This really made me sad. I do not know why but I'm just hoping that the price will get back normally again. This is very alarming but then again, I will just hold my Bitcoins hoping that its price would get higher again soonest.

[emuLOAD]

if the price were to "go back to normal" it would have to go somewhere between 2 and 4 000 max. that would be closer to normal than we are now.

[baundul]

no one know why bitcoin down everyday. but bitcoin down is factor depends on peoples activities. see previous year. every years month of January it down. see https://cointelegraph.com/news/bitcoins-early-2018-woes-written-in-the-stars-and-moon

[RomanPetrush]

That's very simple, Chinese happy new year coming. People just withdrawing BTC and change it to fiat, that's why.. So we just have to wait until 16 of February, the price will pump up to 20k USD/BTC. So no wories about that. People need money for the presents.