Why is Bitcoin falling?

[dayem708]

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.

[mezzaluna]

Maybe bitcoin is falling due to the constant selling of the owners of Bitcoin. They might be too scared to hold it because the prices are steadily going down so when they still got the chance to sell it, they are still selling it at a declining price. We can still say that Bitcoin's price is still high because it is still not buyable at one payment and we can pay for it part by part and in this process, we can gain profit thru this buy and sell process which is a bit risky and it may have disadvantages. Bitcoin may also fall for the reason that it is looking for room to grow. They might want to develop Bitcoin into a more usable platform and not just a basis of other Cryptocurrency and after this process they might gain the value they have achieved before 2017 ended.

[michellex]

When any negative news about bitcoin, or any other cryptocurrency, comes out, people bail. It's just like stocks. The latest, imo, is China blocking access to the markets with its huge Great Firewall of China.

[gantez]

I think apart from the correction , we are now witnessing panic selling because of some negative news lately, these are responsible for the downward movement. This won't last any longer because the market has been oversold.

[dayem708]

Maybe bitcoin is falling due to the constant selling of the owners of Bitcoin. They might be too scared to hold it because the prices are steadily going down so when they still got the chance to sell it, they are still selling it at a declining price. We can still say that Bitcoin's price is still high because it is still not buyable at one payment and we can pay for it part by part and in this process, we can gain profit thru this buy and sell process which is a bit risky and it may have disadvantages. Bitcoin may also fall for the reason that it is looking for room to grow. They might want to develop Bitcoin into a more usable platform and not just a basis of other Cryptocurrency and after this process they might gain the value they have achieved before 2017 ended.

Well. you made a good point. Actually, it depends on the investor. if investor continues investing instead of selling then BTC price may go up. another reason is India banned btc in their country. may be the effectiveness of this reason.

[Cashew]

It is falling because some people have been spreading news they perfectly knew were false in a purpose to make price go down to buy back and make money. It is how it all works.

[lutferal]

it loses its popularity. it can continue to fall if this trend be like that

[Edraket31]

Maybe bitcoin is falling due to the constant selling of the owners of Bitcoin. They might be too scared to hold it because the prices are steadily going down so when they still got the chance to sell it, they are still selling it at a declining price. We can still say that Bitcoin's price is still high because it is still not buyable at one payment and we can pay for it part by part and in this process, we can gain profit thru this buy and sell process which is a bit risky and it may have disadvantages. Bitcoin may also fall for the reason that it is looking for room to grow. They might want to develop Bitcoin into a more usable platform and not just a basis of other Cryptocurrency and after this process they might gain the value they have achieved before 2017 ended.

Well. you made a good point. Actually, it depends on the investor. if investor continues investing instead of selling then BTC price may go up. another reason is India banned btc in their country. may be the effectiveness of this reason.

We also needs to analyze why it happens, but one thing is just in my mind, we should be noted that the price of bitcoin varied dependently with all of us, so if we are all afraid what could be the possible thing to happen then what do you think will happen to bitcoin? or what do you think will happen in our life without bitcoin?

[buytheeffinD]

There isn't one magical reason why it is going down but I would argue the India ban coupled with all recent news is leading to this bleeding. Don't know how far we will go but it appears 5k range is well within the bounds now, it would suck to go there but we gotta bounce somewhere .

[cynical]

Panic and FUD among other reasons.
I think there are a lot of people who are taking a lot of the news articles as gospel.
We have had 2 events which have been reported as catastrophic (my term)
1st: the South Korea Ban
2nd: the India ban
Both have been reported incorrectly, and these coupled with the "bubble"   rumor back in December has set the fear of god into many people.
 

[sylance]

Subscribe to any crypto news channel and all you're going to read is FUD right now.  What started as probably a healthy consolidation is now full on panic selling.  The market has its own momentum now and we'll likely see $6000 Bitcoin by the end of the week.  That sucks... but remember it was only 90-ish days ago when we were celebrating breaking through $6000, so keep things into perspective.  If you have available fiat now is a good time to purchase.

[eyesopen]

also something to consider is SPECULATION!
im sure there are those who have sold high to buy later when the price has hit its bottom.
If you had sold your holdings soon after things started to slide at around $15000 and buy now,
you could have doubled your initial amount!

[axicron]

Yeah, it is not even matter of "technology" or "news", just people panicing. There is also possibility that some billionaires who don't want to see Bitcoin on world's financial arena are constantly lowering its price simply by selling huge (for us mortals) amounts. So best you can do is just hodl.

[cha145]

Don't forget the fact that there are tons of newbies who came into crypto recently, that are now getting panic and therefore rekt right now. Been doin crypto since 2015 and almost every single one of my friends who joined around november/december 2017 is about to sell everything they own in crypto right now. HODL and don't check coinmarketcap every 5 minutes

[TooDumbForBitcoin]

Don't forget the fact that there are tons of newbies who came into crypto recently, that are now getting panic and therefore rekt right now. Been doin crypto since 2015 and almost every single one of my friends who joined around november/december 2017 is about to sell everything they own in crypto right now. HODL and don't check coinmarketcap every 5 minutes

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!

[just_strange32]

The price dropped on this market for you 2 thoughts
1. The government is actively collecting coin secrets to continue playing the game against the people and helping the government to control the coin value in government hands.
2. The government will end the virtual year-like virtual dot-com adventure
I still look forward to more possibilities

[emuLOAD]

Just engage your thinking hat.

Check the year-on-year chart, then think hard at why the price reached 20.000$ high. that is a good part of the story behind the current drop.

[connesa]

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.

Fud is the main reason why bitcoin is crashing down..
believing on the fud makes some holders do panic selling the reason why its dumping fast...
but in my own oppinion bitcoin is still at high price since i started where in the average amount was just ranging to 600 to 700$.weak hands is also the main reason why the price was dumping...

[Kambal2000]

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.

[urBTCisMine]

I dont know why everyone get paniced? Look 3 months back. We were on the same price like BTC have now. 3 months!!!!
In this 3 months, many people had huge wins.
Then there are much negative news. Panic seller.
Look. These guys, who got huge wins, will come all back. We are now in a bearish time. Just wait! Maybe in 3 months we will stay at 30k$? Who knows? Its very volatile. In my opinion the market will be bullish at march.