Why Bitcoin Price is going down?

[Xtrafa]

As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.

Bitcoin can going down more some days I think.

[marjil]

When bitcoin was rising astronomically in 2017 and reached $20k was anyone asking why bitcoin was going up? No? Thought so. If you had, and you understood why, then you'd know why bitcoin is going down.

[Shrinath]

The drop directly correlates to the announcement from the developers that the fork is no longer going ahead. The reason why people are selling is because a lot of investors have put their money into BTC to receive their proportionate amount of the new coin that is created after the fork occurred. Now the fork is cancelled, they are re-investing in altcoins. Recently, 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. As Supply increases but demand remains same, hence price went down. Bitcoin is the future of the internet. You don’t have to buy 1 BTC to start investing in Bitcoin, you can buy Bitcoin with as little as $1. Bitcoin is and will be the king for at least next 4,5 years. Keep calm and trust Bitcoin

[Amilhussin24]

It's a matter of community, honestly, by what china and korea did to a bitcoin is, has a big effect in bitcoin price. Chin, as we all know is banning bitcoin, and also the south korea, and every country has what we called, a regulation. All of this is affecting bitcoin community to get decreased.
And affecting it's price because of the bitcoin supply increasing due to a community lost of bitcoin.

[Grimjhow]

the same thing look at the very good bitcoin price at any time higher, it makes alt can not have good power.

[JayT22]

I think the bitcoin price is going down cause of the regulations from the governments.
A lot of countries decided to start a war against cryptocurrencies...

[Hudadahuda2018]

I think the reason why Bitcoin price is going down because of the FUD that India and South Korea banned it. There are some news that those fake news were manipulated by the whales so that they can add more Bitcoin and altcoins on their investments. Do not panic. After a few months, everything will be ok.

Yes it is true of your opinion and I agree with your opinion about the decrease of bitcoin. Sometimes they just bluff to lower the price of bitcoin so that bitcoi cheaters can sell for free.

[Reid]

Or it could be just a big trade that is happening now.

It is normal, you see it everyday with bitcoin and sometimes it goes way beyond this fluctuations that we see.
Never get used to the time when bitcoin stays silent. It is like a sleeping dragon that eventually wakes up then jumps again to a higher price.
Advice: HODL

[antosionta]

maybe it will going down further.
bitcoin price is still unstable at the current condition in crypto market.
but as a holder, we must hold our bitcoin for the bright future.

[zhelis74]

I think the bitcoin price is going down cause of the regulations from the governments.
A lot of countries decided to start a war against cryptocurrencies...

I think its not, because bitcoin is no central control so its hard for government to regulate the system. Maybe because there are market manipulation or in the blockchain as we know the fact that the value is depend on the supply and demand or let say that bitcoin rivals has buy a large amount of bitcoin so making it price going high last past few months and now they are selling them all that causes the abrupt falling down of bitcoin value and the effect is there is a panic selling and all big investors are now afraid to invest for bitcoin.

[Nobel Jane]

It is really in the nature of the bitcoin world to have a roller coaster rate. We really dont have any idea when it will get higher or lower. Going down the bitcoin price is very advantage to us for buying and saving bitcoin, coz if bitcoin will rise someday what we buy in the lowest price will benefit a great profit when the time comes.  so beter save now, buy now, and sell later.

[Antonas1]

Better if you try to find the similar thread before you ask about this. So many same questions about "why bitcoins down" in this board (bitcoin discussion) and you will find the answers.
And for answering your question, I told you with a simple word : Correction.

[ecapecinio]

buy the dip, I reckon it won't take long to recover once mainstream media settle into crypto being the norm.

[pushups44]

It's not possible for an asset to always go up, so this is a healthy correction. The reality is people were jumping in without understanding the technology. No matter the asset class it's dangerous when investors are ignorant.

[dlhezter]

its just because more amateur investors are in panic selling situation, because of what they can see in bitcoin price. then more whales are grabbing the chance to buy more bitcoin at low price. but for me this is just a healthy correction from the past sales (2017). these drop/dip are takes too long to regain the high price value again. and im sure it will back to normal soon.

[shaheer001]

In my opinion there are huge number of whales which is controlled by some big countries and the price is controlled by those whales when ever they want they start dumping and at lowest price again start pumping but when can avoid it by just holding the bitcoin even in lowest price. but unfortunately due to 100% risk factor all small investor atonce start selling there bitcoin assets so after some time again they hurts and feel ugly. so wait for good time.

[globalking]

it was going down because of a panic lot of newbies has got into bitcoin late 2017 where the bitcoin has crossed 20,000$ wherein January 2018 the price of bitcoin was going down then all the panic started and there were rumours in the media this all cause a problem.

[diatamariono]

Probably because it is still the second month from the beginning of the year.
So, there are still many people who take stock for a vacation.
My prediction on March 19 will be great, after which then it will only rise again.

[wicaksono]

As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.

as to why the bitcoin price is currently touching $ 8K in my one  opinion this is due to the Lunar New Year factor, we know that china has an effect on bitcoin rises, maybe they are investing by bitcoin to sell later in the day and are used for Chinese festivities ... but we just need to feel calm, bitcoin will rise again

[Argie021213]

Many factors are affecting the prices of bitcoins. Economic issues,issues on demand and supply and many more. But what is important is that we stay on track, all kinds of business do have this ups and downs but what is important is our patience and perseverance that after all of these trials bitcoins will rise up again. After all getting nervous won't give us a better result.