Why is Bitcoin falling?

[bajigur894784]

I think, bitcoin the decline this year is because warnings from a number of regulators and the crackdown on the virtual currency market in several countries in asia.

Earlier this year, authorities in China are reportedly planning to block domestic access to Chinese and foreign virtual currency platforms that allow for a centralized trade. The regulator will also target individuals and companies that provide trade-related services that are centralized.

then, South Korea was reportedly drafting rules to ban virtual currency trading last month.

ofcourse, This makes bitcoin prices and a number of other virtual currencies plummeted dramatically.

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[bellakrstna]

Bitcoin is falling because various reason.
For example, some people dump bitcoin in a large number so the market is affected.

[Netnox]

It has fallen when compared to the prices in December. But you should remember that the exchange rates were below $1,000 per coin less than 15 months ago. Compared to that, the prices are still up by some 850%.

[megalith07]

I am not sure it's falling, up and down is normal.

I surmise that Maybe in light of the media dependably say that Btc is exceptionally hurtful when put resources into dependably discuss the negative side of Btc. Also, another reason is a few people don't accept and Btc we are not all that frenzy and soon everything will be ordinary. I utilize it to pay charges and gain some cash since I trust that Btc will give me a considerable measure of benefit later on.

[Angletim]

Bitcoin has fallen by more than 56 percent since the turn of the year, after peaking at nearly $20,000 in December 2017.

CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Government’s stance on cryptocurrencies.

The first is that there has been bad news about bitcoin, which has caused people to panic and sell bitcoins, which has led to a drop in the price of bitcoin.
Second, bitcoin has gone up so much that it needs to be adjusted.

[gemajai]

There maybe many reasons but I think, one important factor is that more people are now investing in other cryptocurrencies. Airdrops and bounties helped promote other coins. Other bitcoin holders are selling theirs to reinvest into some of these other coins. Another is the fear of getting hacked and losing more and more as they hold and wait.

[Babyboy423]

 Bitcoin’s price fall is attributed to: Market manipulation - an unregulated market faces such challenges. It is extremely easy for people who hold large amounts of Bitcoin, to manipulate the price in their favor.

[Cryptomaniac13]

Unfortunately, Bitcoin is manipulated by Whales that squeezing the bitcoin

[piter_wip12592]

Bitcoin wallet gets hacked and takes everything away. I think the bitcoin price is related to this issue. For now, I see a lot of hackers breaking into their wallets and taking away what people are doing. This has a big impact on this market.

[orarider]

I think that is the rule of the development of digital money. bitcoin after a cycle to the highest peak, it will fall to the bottom and into a new cycle. I think you should invest bitcoin at this point and store it.

[Alexis.Nick]

Bitcoin is falling maybe because of the increasing number of its competitors. We must admit to ourselves that there are a lot of bitcoin competitors arise in this days. They are not just a competitors because some of them we can say a heading bitcoin on the top or being an almost the same stand of bitcoin. Even we can see that the users of bitcoin is still moving up, some of the old users are splitting now, and they were choosing to patronize the competitors for their different reasons. If this scenario will continues I guess bitcoin will not just fall this may also lead for vanish of bitcoin.   

[valterkjellberg]

Bitcoin has fallen by more than 56 percent since the turn of the year, after peaking at nearly $20,000 in December 2017.

CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Government’s stance on cryptocurrencies.

Everyone was absolutely lustful for non-stop positivity and promise of exponential growth, even though there were plenty of warnings about massive overvaluation from the old hands. I myself wrote up a valuation of Bitcoin back in December, put it between $5,091 and $7,385. Got hate PM's from /r/Bitcoin posters. I got attacked by people from another certain subreddit who brigaded here (the crypto that is now banned mention for the next month) for my valuation of that crypto, which wasn't even negative, it simply was about 2x over market price rather than wildly optimistic 10x growth. Got plenty of hate PMs for that too. People who were warning against the price action going up too fast because of emotional investing were made fun and told they're jealous they missed out, attacked by the hivemind and disparaged for "spreading FUD". I've seen this happen to other posters too.

[Getmon]

Bitcoin has fallen by more than 56 percent since the turn of the year, after peaking at nearly $20,000 in December 2017.

CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Government’s stance on cryptocurrencies.

The reason is not just about the confusion that is caused by the Indian Government's stance on cryptocurrencies. They have issued an official statement in line with this uncertainty. And the statement went out a little soothing to crypto supporters and their fears because it was sort of reassuring. The Indian government will not ban cryptocurrency there. They will most probably regulate it and then tax it. There is nothing wrong with it. A ban is what we all are avoiding. Especially in a country with so huge a population that are into crypto, India should be in our favor. 

[rhenrhen]

For me, there is nothing to worry about it because it is part of the cycle. One of the reason for Bitcoin's crash is probably the recent situation in United States and other countries. There are some countries who were banning cryptocurrency and USA has some issues about it, I guess. But everything will turn back steady. Maybe in the second quarter, Bitcoin's price will regain.

[wiser]

Anyone here heard of the Tokyo Whale? He's the guy charged with liquidating Mt. Gox assets and paying off creditors. He periodically sells off BTC, and when he does, the market takes a dive. When it recovers, then he sells again. He's trying to get around $10K per BTC. I'm guessing he sold again earlier today.

https://www.bloomberg.com/news/articles/2018-03-07/bitcoin-s-tokyo-whale-sold-400-million-and-he-s-not-done-yet

[andylowe]

Anyone here heard of the Tokyo Whale? He's the guy charged with liquidating Mt. Gox assets and paying off creditors. He periodically sells off BTC, and when he does, the market takes a dive. When it recovers, then he sells again. He's trying to get around $10K per BTC. I'm guessing he sold again earlier today.

https://www.bloomberg.com/news/articles/2018-03-07/bitcoin-s-tokyo-whale-sold-400-million-and-he-s-not-done-yet

For me, bitcoin fall because of some other people stop investing in this crypto. Bitcoin is really the best even in its worst because eventhough bitcoin price drop but we people learn on how to take a risk and how to face any problem. Bitcoin help us to be strong enough in any problem we've encounter and I owe bitcoin for teaching me like those.

[Noilee]

Bitcoin is not falling but the price of it is just falling due to a lot of individuals/investors are all afraid in the price right now due to the left and right negative news, that means they don't fully understand the concept what bitcoin is and that they are just after the money when the price is high but when the price is low, they don't support bitcoin.

Maybe because of negative news when they heard, so people panic and they scared to invest in bitcoin. That's why some investors stop investing. You're true it shows only that they don't really understand and lack of knowledge. Even if the price may low or high, If you really support bitcoin you just continue believe and invest in bitcoin. But we always believe the price of bitcoin will increase.

[Thiekungan]

yes, I think the demeanour of a country's government greatly affects the reduction of bitcoin prices. Not only that, bad news about bitcoin is also one of the causes. It makes the users become worried and panicked and then they sell their coins. Panic sell will make the situation worse.

CMIIW

[alekseidanilov0803]

the task is to sell coins at the best possible price. The only difference from similar procedures in the US is the method of implementation. Coins are not sold at auctions, but on certain exchanges.

[Palider]

Bitcoin has fallen by more than 56 percent since the turn of the year, after peaking at nearly $20,000 in December 2017.

CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Government’s stance on cryptocurrencies.

Well i think its because the issues that spreading across the internet today, do you ever heard about the crypto ads banning and which means a lot of traders or holders of bitcoin is panicking and by the fake news it surely can effect not just bitcoin but the marketplace. And it can result to bitcoin to decrease or to fall.