What caused Bitcoin goes down very hard recently?

[trickyriky]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

There is a combination of many factors that caused the previous fall of Bitcoin and the other coins. The main one was the bad news coming from the Asian region.

[fulmetal08larz]

In my opinion, BTC price went down hard because of those people who have bought out of greed during ATH in December 2017 without them realizing that the whales are slowly dumping and distributing their BTC to these newbies, selling to them at a higher price. FUDs came out like wildfire causing the newbies to panic sell fearing losses. At present, the whales, are at it again; accumulating BTC and buying discreetly from those who are selling at a lower price of BTC from the newbies. The next few months could possibly be an uptrend when the whales produce some waves.

[Akash1243]

Bitcoins has reached a whole new level as it increased from $900 to astonishing $19k and this increase shows how volatile and unstable bitcoin is and whenever bitcoins gets bullish it always ends with a drop as to get kind of stable or corrected with low prices.And after the correction many people panic sell which made bitcoins fall more.But this drop wasn't that bad as it created opportunity to invest more in bitcoins as it will rise soon.

[popolite11]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

I suppose it is almost evident. The bans of China and some vague ideas coming from the government of South Korea, rumors about crypto restriction in India, ICO ads prohibition on Facebook has a great negative effect.

[Raufjoze]

I think the main cause of the very hard going down of the bitcoin is the panic selling of the bitcoin, It is due to the non.stable people becasue when the see a little fall in the value of the bitcoin the use the bitcoin and as result the value fall a little more mean while other people think that bitcoin value is going down and start panic selling of the bitcoin , when panic selling starts the value of the bitcoin hard down.

The price will eventually increase so for now, investing for it and holding it will be more necessary. Just believe and keep going, actually I do not really know what it is market value but most likely it has something to do with demand in the market. But certainly, this is normal and only temporary

[eduvacation.net]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

We can not deny that the main cause of the drastic drop in bitcoin prices a few weeks ago is related to bad news from some countries like China and Korea. But, in the last week chart of bitcoin price movement has shaped uptrend and I believe that bitcoin price in the future will increase and certainly accompanied by various corrections.

[Umar001]

Bitcoin price depreciate resently due to decline investor into the system, and low demand for crytocurrency bitcoin, the  high  ⚡️ the demand the high  ⚡️ the price, vi's versa.

[usechain]

There are many factors that affect the price of bitcoin. The main reason I think the most important reason is that the bad news and rumors from Asia have caused people panic. As a result, people have sold bitcoin because they have lost their mind. I believe the price of bitcoin will rise again .

[lynlyn]

Bitcoin price depreciate resently due to decline investor into the system, and low demand for crytocurrency bitcoin, the  high  ⚡️ the demand the high  ⚡️ the price, vi's versa.

For me the bitcoin faaling down It's because many Investors dump their bitcoin for their needs.The way that they sell their bitcoin profits was this ia the main cause for lwoering the value.It is not only for bitcoin and also altcoins was falling It's value.

[joebrook]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

I suppose it is almost evident. The bans of China and some vague ideas coming from the government of South Korea, rumors about crypto restriction in India, ICO ads prohibition on Facebook has a great negative effect.

The Facebook ICO Ads prohibition couldn't have been a factor in the value going down and the South Koreans wanted all traders to use their official name on the exchanges so it also had little to no impact but China banning Bitcoin did a major one on BTC and it would have continued it freefall had the US senate hearing decided to ban bitcoin but thankfully it was averted.

[Angletim]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

Many people say it's because Asian countries came about COINS caused by the bad news, China banned the currency trading, South Korea closed the currency exchange, etc., I'm not sure what is the reason.

[Waqas vicky]

This is because of south korea FUD.

[gabmen]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

I suppose it is almost evident. The bans of China and some vague ideas coming from the government of South Korea, rumors about crypto restriction in India, ICO ads prohibition on Facebook has a great negative effect.

The Facebook ICO Ads prohibition couldn't have been a factor in the value going down and the South Koreans wanted all traders to use their official name on the exchanges so it also had little to no impact but China banning Bitcoin did a major one on BTC and it would have continued it freefall had the US senate hearing decided to ban bitcoin but thankfully it was averted.

I agree. The facebook ban in ads was actually a good thing since there have been an increase in suspicious icos all over social media platforms trying to draw people's money in. The korean regulation may have contributed to the drop since, like the indian ban, it could have been misinterpreted by media reports as an actual ban

[tuikindu01]

I think this is the result of the panic in the cryptocurrency market, because there are several countries that regulate cryptocurrencies.

[Kildin11]

I think so too. Bad news has provoked such a situation in the crypto-currency market. but it is worth paying attention to the fact that the ten largest bitcoins of wallets have only been enriched during the market correction

[CromwellReg]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

I always thought it was a normal adjustment. But it has been said that Asian China is preparing to ban bitcoin transactions, and South Korea is shutting down the bitcoin exchange, leading to panic selling of bitcoins.

[spiker777]

It is simple, there was a series of negative news articles surrounding bitcoin, many of which were worded in such a way as to scare monger. First of all the news articles said China was BANNING bitcoin, then this was clarified that there was no ban, but that it would be regulated. Then there was news of it being BANNED in India, and then of course we find it isn't banned.

When you see a few negative articles such as these, it is best to cash out whilst the market takes a dip, then buy back in when it is recovering.

[Kahoy01]

I guess the price drops recently was caused by the high amount of people that cashed out during certain celebrations. Moreover, the number surge if newbie users that are easily scared by price drops and therefore withdrawed their investments at the moment of bitcoin's decline in value. As well as it's high volatility rate are to blame as well.

[angelakrasnova]

Many people think they are engaged in mining and the rate right now is falling and many in a panic do not know how soon growth

[Xester]

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

Negative announcement about bitcoin like the banning of bitcoin areound the world.  For this case people think that bitcoin will not go out anymore so they will sell their bitcoins.  Those act will surely help the bitcoin price to goes down.