Why the bitcoin price goes down

[denisaardelean]

After Coinmarketcap.com decided that the Bitcoin price data in Korea was off the site, Bitcoin and other virtual currencies had fallen sharply. Bad news from China prohibits the exchange of bitcoin and cryptocurrency which also caused investors' psychological instability and sell massively causing the bitcoin and the entire crypto market to fall heavily.

Bitcoin constantly receives bad news from the world's leading bitcoin trading markets such as China, Korea. That made the value of it drop a lot because investor psychology is affected. The current value is maintained for a long time, indicating that this is the price at which community accepts bitcoin at this time. Crypto market is waiting for new signal to grow again.

[Ronaldcoin2017]

After Coinmarketcap.com decided that the Bitcoin price data in Korea was off the site, Bitcoin and other virtual currencies had fallen sharply. Bad news from China prohibits the exchange of bitcoin and cryptocurrency which also caused investors' psychological instability and sell massively causing the bitcoin and the entire crypto market to fall heavily.

Bitcoin constantly receives bad news from the world's leading bitcoin trading markets such as China, Korea. That made the value of it drop a lot because investor psychology is affected. The current value is maintained for a long time, indicating that this is the price at which community accepts bitcoin at this time. Crypto market is waiting for new signal to grow again.

Well i think that was really nature in bitcoinfeild the price of bitcoin from the start is unstable it is all becaue of the unstable market the usage  and the feedback from all different country may affect the bitcoin price each day  and it really needs a great patience in order for us to gain a huge amount.

[lamjed]

We are all knowing that the bitcoin price is very low and it is going down day by day without stopping. We should not forget that bitcoin made a very high pic in a very short periode from 4000 to 19000 Dollars which is something hudge.

[Deathgamer]

It is normal such falls have already happened several times. Only the amounts were smaller. But the percentage was similar. There's nothing to worry about. This is a good time to buy BTC.

True, bitcoin prices up and down is a natural thing. Although down but the rate is still higher than the lowest price last year. Nothing to worry about, keep calm and buy some bitcoin.

I agree with you as well.You have nothing to worry about bitcoin right now so far because we all know that its value is volatile is it will drop down or rise again depending on the demand and supply in the market.Youll just need grab the opportunity to invest now since the value of bitcoin falls so you be able to buy it at a cheaper price.

[djgtr]

It is normal such falls have already happened several times. Only the amounts were smaller. But the percentage was similar. There's nothing to worry about. This is a good time to buy BTC.

True, bitcoin prices up and down is a natural thing. Although down but the rate is still higher than the lowest price last year. Nothing to worry about, keep calm and buy some bitcoin.

I agree with you as well.You have nothing to worry about bitcoin right now so far because we all know that its value is volatile is it will drop down or rise again depending on the demand and supply in the market.Youll just need grab the opportunity to invest now since the value of bitcoin falls so you be able to buy it at a cheaper price.

Yes you are right mate we are almost the same belief on this things maybe we dont have to be afraid on the bitcoin price  either it will go down or maybe up because that was really the movement of the price of bitcoin ,from the start it is really the nature of bitcoin price that is why we really didnt have to be afraid of it.

[jooj]

After Coinmarketcap.com decided that the Bitcoin price data in Korea was off the site, Bitcoin and other virtual currencies had fallen sharply. Bad news from China prohibits the exchange of bitcoin and cryptocurrency which also caused investors' psychological instability and sell massively causing the bitcoin and the entire crypto market to fall heavily.

Bitcoin constantly receives bad news from the world's leading bitcoin trading markets such as China, Korea. That made the value of it drop a lot because investor psychology is affected. The current value is maintained for a long time, indicating that this is the price at which community accepts bitcoin at this time. Crypto market is waiting for new signal to grow again.

In my opinion bad news from the world's leading bitcoin trading markets as China, Korea etc.. isn't the only reason for bitcoin price drop, there are many reasons. don't forget that the bitcoin price was $4000 or less few months ago.

[cpoer2011]

It's because there are many bad rumors about bitcoin like news from south korea, china, that can be a trigger to make bitcoin goes down. many people got panic and sold their bitcoin on lower price. Another reason is bitcoin hard fork it can be a trigger too. And also some Whales play bitcoin price around so they can get cheap bitcoin and then they pump bitcoin to highest rate so they can sell it and get profits from it. That's what i thought. correct me if im wrong. My suggest is just HODL your bitcoin. Thanks

[BountyX]

In technical terms, after that we had a three waves Eliot way bull run, we are now experiencing an ABC Correction, as you can observe in the graph on this page:

https://www.tradingview.com/chart/BTCUSD/tx5UPSSl-BTC-One-last-correction/

We probably still have to make a dive lower before we can see price inverting trend.

[gabmen]

After Coinmarketcap.com decided that the Bitcoin price data in Korea was off the site, Bitcoin and other virtual currencies had fallen sharply. Bad news from China prohibits the exchange of bitcoin and cryptocurrency which also caused investors' psychological instability and sell massively causing the bitcoin and the entire crypto market to fall heavily.

Bitcoin constantly receives bad news from the world's leading bitcoin trading markets such as China, Korea. That made the value of it drop a lot because investor psychology is affected. The current value is maintained for a long time, indicating that this is the price at which community accepts bitcoin at this time. Crypto market is waiting for new signal to grow again.

In my opinion bad news from the world's leading bitcoin trading markets as China, Korea etc.. isn't the only reason for bitcoin price drop, there are many reasons. don't forget that the bitcoin price was $4000 or less few months ago.

Well even if we believe that a recovery is soon to happen, it's not hard to point out that all these negative news and fuds are hurting not only bitcoin but the crypto market in general. Weak hands will easily be swayed to let go of their coins when they are fed with these kind of updates all the time.

[laowang666]

First of all, the rise and fall of bitcoin is normal, without any reason.
Second, bitcoin has been rising too fast and unstable for a while, leading to the recent decline of bitcoin.
Then, bad news from South Korea and China sent bitcoin prices down.

[think3214]

Recently the Chinese and Korean markets have ordered the closure of bitcoin trading floors. Bitcoin prices have dropped. But today, the Korean government announced that foreigners are not allowed to trade bitcoin at local exchanges. and bitcoin prices have rebounded, today bitcoin prices reached $ 11,352.00.

[yonghaseo]

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

It's because supply and demand, there's so many sellers right now so that the price will go down. And if there are too many buyers the price will go up. Don't worry, it will rise soon.

[xxx3]

, In my opinion, bitcoin is just like a product if there are only a few people who wear it, demand will also be a bit verry and this really affects the market price. But in my opinion, different bitcoin there may be various reasons why the price will happen. Going down and riding on the same date I think it's not just because of a little demand

[felicanoma]

I think until now there is no method that can know or explain how bitcoin and all coins down.
But if we look from year to year early this year is like this so for you who hold bitcoin or other coins I think you should menyimpanya and if you have this capital is a suitable time to shop as much as possible.
Because in the next few months all the coins will regain steady and rise to the moon.

[Baoo]

Actually, there are many reasons for this sudden drop in price (the value has decreased to 11k), and the most important of them are:

Firstly, the increase in the value of selling this currency, especially in this period and this is certainly a strategy for the capitalist to lower the price and then to buy when the value becomes too weak (it is expected when the price will be $ 8000).

Secondly, the problem of transaction fees which it is so high compared to other currencies (like, Ethereum, Litecoin...). Also the huge number of unconfirmed transactions ( For example, in blockchain more than 77110 transactions are not yet confirmed).

[zhangfeng666]

I think there are many reasons for this month's decline.
First, bitcoin went up too fast last month, leading to instability.
Second, January was full of bad news about bitcoin.
Others deliberately broadcast fake news about bitcoin.

[chzhen]

The reason for the decline is the correction of the exchange rate after a large infusion, which led to a sharp increase in the rate of bitcoin.

[simpleholmes]

one of the main reasons I believe is the g20 summit which is approaching and due to this so many people are taking their coins out of market and converting them to fiat currencies resulting to a decrease in market cap.

[jooj]

one of the main reasons I believe is the g20 summit which is approaching and due to this so many people are taking their coins out of market and converting them to fiat currencies resulting to a decrease in market cap.

What? it's on 30 November 2018 – 1 December 2018 at Buenos Aires, Argentina. do you think this is the main reason!

[crytomusica]

It is normal such falls have already happened several times. Only the amounts were smaller. But the percentage was similar. There's nothing to worry about. This is a good time to buy BTC.

True, bitcoin prices up and down is a natural thing. Although down but the rate is still higher than the lowest price last year. Nothing to worry about, keep calm and buy some bitcoin.

You are right about there is no reason to worry but I think the reason of the recent fall is manipulation and panic selling. a lot of retail trader is in fear and most of them are selling in panic.