Why is Bitcoin falling?

[mindfly09]

The reason why bitcoin is falling, because people are scared to buy and invest in bitcoin, when they heard about a negative news about it, so it happen they selling their btc. I don't think that even other countries ban bitcoin is the cause of falling. But don't believe in the news, instead give trust and spread the good news so that people will convince today to invest and to buy. So that people don't doubt anymore to invest.

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[carrymem79]

It can be the bad news from different countries that give great impact when they announce to ban all ICO'S and all cryptocurrencies exchange platforms.Many withdraw their coins and didn't bother to invest again.So,the demand and supply of it was strongly affected that caused bitcoin's price fell down.

[cl37007]

Lots of FUD, the media reporting China and India are to ban crypto when this is not true but the damage is done. Plenty of other bad news like that really affects the price

[ebliever]

The short answer is that it is falling because it is falling, and that really is the dominant reason. Just like it tends to rise because it has been rising, and over the short run that's usually the dominant answer.

Yes, you can cherry-pick negative news (mostly overblown). But that's just an excuse, because we see the same sorts of negative news while the price is rising and it hardly has any impact.

Zoom out and look at the big picture. Bitcoin skyrockets, than plummets, then the cycle repeats. The duration of each cycle and the amplitude of the high and low are variable, but the boom-and-bust pattern is very evident. I expect it will remain so until it reaches maturity thanks to increasing usage (not speculation) and wider adoption.

Wall Street has noticed the pattern, and isn't being stupid about it. I doubt many people have pulled out of crypto permanently, but a lot have sold with hopes of buying in lower and are now waiting to sense a bottom. There will be monster profits (dwarfing even the last cycle) to be made when the bottom is reached, assuming the boom and bust pattern continues.

[ingo49]

Because you cannot expect something to rise 50% month after month for a lifetime.
The quicker any 'bubble' rises, so it crashes. Give it some time and it will be straight back up there.

[RNC]

It can be the bad news from different countries that give great impact when they announce to ban all ICO'S and all cryptocurrencies exchange platforms.Many withdraw their coins and didn't bother to invest again.So,the demand and supply of it was strongly affected that caused bitcoin's price fell down.

Much of the demand was being feed by USDT printing up fake money and buying Bitcoins to pump the coin up to
fantastic new heights so the bubble has not popped, it's just the pump that is broken and that many people left
in protest about the fees being so high

[wiser]

Fully agree. Newbies who took loans or sold house to buy on hype now get panic + Jan/ Feb is the start of the taxation period in many countries. The market cap is tiny. Just hodl friends!

You raise good points. When people do stupid things like mortgage their properties to speculate you know you're in a bubble that will correct. And by bubble I don't mean that cryptocurrency itself is a bubble, just that there was a part of the recent price hike that was a bubble, and it's popped.

The other point is relevant. People who made lots of profits in cryptocurrencies will need to pay taxes and will probably need to sell holdings in order to do so. That may hold the price back all the way through April. I hope to be wrong about this one.

[heureca]

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.

I think it is usual big correction. We had the same several times in 2017 year. Probably it is almost the bottom - I think 6k$ is minimum price that could be..

[Sasuke102001]

Many people are panic selling their coins which is causing even more drop in bitcoin prices. Also recently India declaring bitcoin to be not considered as a legal tender and measures will be taken to stop the use of cryptocurrencies is causing many Indian Bitcoin holders to sell their coins which is increasing the supply.

[moinul018]

Honestly, I have never seen anything such. People are panicked and continuous FUD going on. My experience says the Market cap would not go under 250B.

[Tavarez]

probably because of China's implementation of firewall on all their websites. That firewall is supposed to ban all crypto activities. If USA does the same we will see the btc around 3k. situation is getting worse with people panicking and all of the sudden small demand for BTC. recovery period will be long.....maybe lasting years.

[kuntet99]

this may be the beginning of the rise of bitcoin, yes we just wait this week may be bitcoin immediately up the price.

[GeorgeFeb]

Bubble?

Nah, seems more like a shmubble! 😀

[Washball]

Bitcoin is having hard times negative news, spread to create FUD, in order to have a price drop. All this news about China, Korea and India banning cryptocurrencies is not interpretated in the right way, these governments want to have regulations on exchanges. This misreading creates FUD and people start selling, which results in a decline.

[Agobot]

When is everyone becoming a millionaire? How long in time?

[ejzok]

It's been like this since 2015 (maybe even before). If you look back the price always drop dramatically during mid-January.

[supermine]

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.

There are lots of reasons behind this price crash first thing is that the rumors of India ban but India didn't do anything just a statement from their finance minister did more things,and the south Korea and China regulations so the people from that country can't contribute well since that regulations and the main reason for the falling is people selling they are continue to sell their bitcoin holdings that why it is falling too hard.Now the price of bitcoin is under $7K in preev.com.

[jlanzago]

I think Bitcoin has a lot of challenges, but the current sell off is unjustified in my opinion. This is the nature of crypto markets: extreme volatility. So if you are affraid, maybe you shouldn't invest in crypto (or keep it as a small portion of your overall portfolio).

[R3r4z0]

It's been like this since 2015 (maybe even before). If you look back the price always drop dramatically during mid-January.

This time is different banks are banning crypto transactions in exchanges, the stream media is fuding a new story everyday. We will recover for sure but this time IS different.

[bitman33]

The market is continuing to correct itself after the speculation driven bull run over the last 2 months. It will settle around 6k mark before slowly rising again.