WHAT IS CAUSING BITCOIN TO DROP??????????

[Jalum]

WHAT IS CAUSING BITCOIN TO DROP?

AND NO IT'S NOT JUST FUD!!

The price of a lot of Altcoins made people sell their coins in exchange for Bitcoin, most investors are cashing out.

[Gameroid]

The bitcoin price movement downwards is just testing the market's support level and I think it may have reached the bottom price already but it could also be the whales who keeps on manipulating the market, setting bull traps. The upcoming Chinese New Year could also be a factor wherein the Chinese People greatly affects the market volatility before Feb 16.

Yes and bitcoin got a good support from the investors, they are holding bitcoin even in panic situation when most of the inexperience are selling because they cannot afford pressure. They are thinking that they will lose everything they have. But i think bitcoin is already reached to its bottom and now we are just waiting for the price to start increasing again. Hope we will see the price rising again in next few days.

[Daveeoff]

Everything, the media, the whales, the people who are panic selling. Can;t you see that lately the media only hates on Bitcoin?

[trickyriky]

The bitcoin price movement downwards is just testing the market's support level and I think it may have reached the bottom price already but it could also be the whales who keeps on manipulating the market, setting bull traps. The upcoming Chinese New Year could also be a factor wherein the Chinese People greatly affects the market volatility before Feb 16.

However Chinese New year has not come yet, and the fall of the market slowed down and even stopped. BTC was falling due to bad news from Asia (bans, etc).

[jakezyrus]

Everything, the media, the whales, the people who are panic selling. Can;t you see that lately the media only hates on Bitcoin?

not only media but also social medias like ig and facebook has recently reported that they start banning crypto related ads mostly ico 's but i think that event could Not totally affect the price of bitcoin. i believe the real reason why bitcoins drop so much its because of the high fees lately therfor most people switch out for a while into some other low fees coins like litecoin and etherium in order for them to continue thier service and online transactions.

[eann014]

Yeah, it is dropping day by day and a lot of us are already worried with their invested, my mom invested with bitcoin when bitcoin price is at $17k, so she already lost almost half of her invesment. I don't know what is really happening, I just know that most of us sell their bitcoin already because of panic selling.

[Sir Cross]

The bitcoin price movement downwards is just testing the market's support level and I think it may have reached the bottom price already but it could also be the whales who keeps on manipulating the market, setting bull traps. The upcoming Chinese New Year could also be a factor wherein the Chinese People greatly affects the market volatility before Feb 16.

Hasn't the market support level been being tested for a long time already? And hasn't the Chinese New Year preppers been made weeks ago? I think it's been long enough already, and the price has been going down for different reasons. There are many factors which make the price drop. There still has numerous FUDs, and I think the recent bans have something to do with the price going down because Facebook has decided to ban crypto-related promotions.

[NutellaboY]

Thank GOD the price is increasing now

Why? I want it to go down more and more so I can allow myself buying more Bitcoins. 

[gabmen]

The bitcoin price movement downwards is just testing the market's support level and I think it may have reached the bottom price already but it could also be the whales who keeps on manipulating the market, setting bull traps. The upcoming Chinese New Year could also be a factor wherein the Chinese People greatly affects the market volatility before Feb 16.

Hasn't the market support level been being tested for a long time already? And hasn't the Chinese New Year preppers been made weeks ago? I think it's been long enough already, and the price has been going down for different reasons. There are many factors which make the price drop. There still has numerous FUDs, and I think the recent bans have something to do with the price going down because Facebook has decided to ban crypto-related promotions.

Well we're over the bans and the fuds for now it seems. And i'm not sure if the chinese newyear celebrants would have that much effect since their market is obviously highly regulated now. I'm not seeing any serious dumps anymore though that's me crossing my fingers there.