What Happen With Bitcoin? What is the Reason for this huge drop?

[pixie85]

Today is the worst day for every cryptocurrency holders. Because The more than Gold Coin, Bitcoin price has dropped incredibly. But why this is happening from the beginning of 2018? What is the actual reason for this drop?
Share your opinions.

It's not the "worst day"!!!

We're merely at the point where we were in November, about 8 weeks ago. December was weird and unusual, it went up too fast and and we're merely back where we were, following the channel upwards.

It's not a tragedy, apart from those few souls who bought in December, who number less than 1% of bitcoin holders.

Correct!. This time last year I had a Bitcoin that was worth so little that I could maybe fly to a tropical island and spend 2 weeks there for that value. This year I could take my whole family for a month long holidays at that same spot and still have some money left. Don't be to greedy, be happy that you're gaining something every year and hold your coins because next year you're going to have even more.

[Anphonsus]

Yep. I'm thinking to buy a little bit more btc. Price is sweet now. Don't be panic, it will rise up sooner or later. One thing for sure the price is not stable and depends too much on good/bad news.

[Targusluxe]

Today is the worst day for every cryptocurrency holders. Because The more than Gold Coin, Bitcoin price has dropped incredibly. But why this is happening from the beginning of 2018? What is the actual reason for this drop?
Share your opinions.

It is the worst day for those who bought it when the price of bitcoin is in its peak but for those who bought it early or mid last year the price is just returning to its stable price. The reason maybe is that some governments try to ban bitcoin exchanges which will really hurt the demand of bitcoin.

[Man21]

I do not know the real reason why bitcoin prices drop this big. but I see a graph every year that every year the bitcoin price always comes back at the time of bitcoin prices in November of the previous year. perhaps this decrease is the cycle of bitcoin price movement. However, I think that the correction of the bitcoin price is now a virtue for the future of a digital asset such as bitcoin.

Most of the answer is dont know what really happen.
I also dont know what happen but as i know, bitcoin and other crypto is volatile so the run up and down is normal.
This huge correction maybe because panic sell. The first correction make people sell their asset and continue till panic sell.

[AltcoinAuthority]

Today is the worst day for every cryptocurrency holders. Because The more than Gold Coin, Bitcoin price has dropped incredibly. But why this is happening from the beginning of 2018? What is the actual reason for this drop?
Share your opinions.

Why is today the worst day for Bitcoin holders? The coins went down much more than it did today so, it could be the worst time of the 365 period.

[Farvin2]

Today is the worst day for every cryptocurrency holders. Because The more than Gold Coin, Bitcoin price has dropped incredibly. But why this is happening from the beginning of 2018? What is the actual reason for this drop?
Share your opinions.

I think there's a lot of bad news about the bitcoin, some countries started banning the use of the bitcoin. This that makes negative about bitcoin. Many owners of the bitcoin panic even lose confidence and start selling on bitcoin bitcoin.

[Jessica2009]

          The real reason for the huge drop in Bitcoin is not clear may be for a correction  will be the huge drop of Bitcoin price since we check the graph of Bitcoin we can find a dip in price at the beginning and increase by November it is the fact found every year.In bitcoin there will be an upward increase and downfall this is natural try not to sell your Bitcoins now keep and wait. The decrease may be of some other reasons some government are trying to ban Bitcoin.

[TomUyamot]

Today is the worst day for every cryptocurrency holders. Because The more than Gold Coin, Bitcoin price has dropped incredibly. But why this is happening from the beginning of 2018? What is the actual reason for this drop?
Share your opinions.

The truth is that you don't have to look for huge reasons every time Bitcoin or the altcoins will fall down. That's too absurd a thing to do considering that we are involved in a very volatile market. We know there have been a lot of large spikes along the way. There were massive fluctuations in the Bitcoin market ever since its birth. These are being traded and so the demand is moving up and down resulting to the up and down of the prices as well.

[roxbit]

Today is the worst day for every cryptocurrency holders. Because The more than Gold Coin, Bitcoin price has dropped incredibly. But why this is happening from the beginning of 2018? What is the actual reason for this drop?
Share your opinions.

The truth is that you don't have to look for huge reasons every time Bitcoin or the altcoins will fall down. That's too absurd a thing to do considering that we are involved in a very volatile market. We know there have been a lot of large spikes along the way. There were massive fluctuations in the Bitcoin market ever since its birth. These are being traded and so the demand is moving up and down resulting to the up and down of the prices as well.

The cryptocurrency market is even more volatile right now and all kinds of news may it be negative or positive will create a huge impacts on the market exchange. The bitcoin’s supply and demand also play a big role in the huge price drop.

[tech72]

Yes. Altcoins should die already that are worthless. They have been creating so many scams with pump and dump, it is time that they actually die forever now. Also, the reason for drop is uncertaininty and dumps by whales that want to pull the price down and buy altcoins for cheap.