Why bitcoin is going down this few weeks?

[vincentbeth934]

There's been more bad news than good ones lately which is making investors think twice about holding their funds in Bitcoin. Furthermore, the bad news continues with the future attempt of powerful countries to regulate and control Bitcoin.

[CryptoDemonElite]

Whales are probably controlling the market and bitcoin is also due for a correction. There are also lots of fud going like fake Korea bans.

[sebastianpenguen]

There has been a barrage of attacks on Bitcoin since third week of December 2017. First it was  China and then came  South Korea and just yesterday The Indian came up talking of Banning cryptocurrency. All these attacks breeds panic and  sell off begins. The whole market is flooded with bitcoins then the price have to fall.

I want to make such reasoning that bitcoin needs to create a strong base for the price around $9k and $10k trust me this is needed for better price movements in the future. Bitcoin shouldn't have rised without stops. And it's getting more power in the base price now.

[Fioraver]

Bitcoin was pumped like crazy in December. The correction was needed, but when it comes was mixed with some fake news. The panic take over after that...

[david_019]

I found this recently that bitcoin is going down rapidly,
what would be the cause of this going down of BTC and how it would affect the crypto world.

many believe that it is because of Chinese holiday. This happen always and after the holiday then price will rise again.

[rappydoo]

because it needs to undergo a healthy correction, and a lot of bad news are being publish by the media, specially in south korea, but this wont be for long.

[Onestepinhell]

Dear friends, let's take the fact that he did not have a correction for a long time.
And in fact now there is a long correction of it, it can be compared with August of the last year. There was also a strong drawdown and after bitcoin went to brand new heights. So we just wait and believe
Thank you for reading)

[Asmonist]

Its a play of price down and rise in every investments. We always anticipate that. Its really somehow a downfall since it already reach into a higher price last year. I guess the downfall is not really at its lowest compared to how much it was before. Good for those who have invested to it long ago. But we must always believe that it will rise again to its highest value.

[Bitkoyns]

It is not always on its green , it is not also that investors always investing sometimes investors also pulling their investment due to maybe they wanted to try something to invest in. But le us expect that bitcoin price will go as high as last year price .

[CryptoDemonElite]

I found this recently that bitcoin is going down rapidly,
what would be the cause of this going down of BTC and how it would affect the crypto world.

many believe that it is because of Chinese holiday. This happen always and after the holiday then price will rise again.

I was thinking the same thing, but I started believe the whales have something to do with this.

[minteaxo]

I still remember everytime bitcoin is getting an update, the week before that the price will get fry up lol.

[MFY151]

I found this recently that bitcoin is going down rapidly,
what would be the cause of this going down of BTC and how it would affect the crypto world.

I think its seasonal they said most of the month of January to February are usually the red market season and its quite normal a normal occurrence in the trading market specially in cryptocurrencies. Nevertheless I know this is not long term and would eventually increase again in no time.

[lekam0213]

We can see it's rapid decrease because of many news that Bitcoin banned in some area so many Bitcoin holders get panic and decide to sell it to it's lower value with them knowing they are cutting lost than waiting it to keep falling.

[DabsPoorVersion]

I found this recently that bitcoin is going down rapidly,
what would be the cause of this going down of BTC and how it would affect the crypto world.

I think its seasonal they said most of the month of January to February are usually the red market season and its quite normal a normal occurrence in the trading market specially in cryptocurrencies. Nevertheless I know this is not long term and would eventually increase again in no time.

It happened every start of the month then it backs when in the half of the month. That is my observation only. And we should not panic because it is normal. January to March the bitcoin is at low price. And it is increase sooner or later.

[FiveReelsOne]

I think it is not only a question of why it slowed down or it decreases its value it also a question of why it goes higher and higher on a daily basis more than 10 times in just even a week months and years. It just natural that what goes up must come down. We cannot expect it to go high always all the time. Evrything with value has its own momentum shifts affected by different kinds of factors. For bitcoin I think it is also affected by the trust of people in investments on other coins and bitcoin itself.

[cpfreeplz]

India ban FUD, China banning mining FUD, Korean "crackdown" FUD, the list goes on and on. Basically, just the usual but lots of things happened all at once. This is going to happen more in the future because if everyone loves Bitcoin, people are all for it but if every else hates it or is trying to ban it, the sheep will always follow. This was their one chance to not rely on governments for money, but a lot of newbies are trying to earn more funny money. It's too bad, but what can you do. I didn't lose any Bitcoin because I didn't sell any..

[leynuuuh]

I guess the bitcoin need to adjust. So the price is going down but i believe that soon the price will increase.

[#davidnugroho]

if the issue is true and it will happen maybe just for a moment I really believe it and when I read the article a teenager from America saving on the bitcoin the money his grandmother gave and his father in the tube in btc on how many years ago and now he became a miliyader with 80 billion maybe I think will come also in the future anyway because the more ngencarnya bitcoin seekers in the world and the more famous.

[cryptodah7]

The increasingly attacking FUD coming from governments, banks and the like gives me more confidence than ever that this is just a predictable downturn along the way. 

[cryptomema]

I found this recently that bitcoin is going down rapidly,
what would be the cause of this going down of BTC and how it would affect the crypto world.

If you really updated you know that a lot of FUDs has spread last week from KOREA,to INDIA plus facebook has restricted ICOs from their paid advertising program these are the main reason why people has done panic selling that worsen the situation of the market,panic sellers resulted to bloodbaths,the thing is people should be vigillant with the news sources because most of the negative news comes from the big players who want to manipulate the market.