Why does the value of Bitcoin dramatically decrease?

[Lopumbo]

bitcoin has no value or utility what-so-ever

7tx/s with the energy consumption of finland  - technolooogy

enjoy the magic tether-prices while they last

[1715380580]

1715380580

[1715380580]

1715380580

[1715380580]

1715380580

[1715380580]

1715380580

[Kevin77]

Hi! Bitcoin is very well established in the past year. But not all major investors managed to buy it. It is reduced by all means. This is an opportunity to purchase.  Very soon it will fly.

Well, that is another beautiful angle to look at it. It is dramatically decreasing because some people decided to play with the weakness of the greedy ones to drop the market and then make some profit off them which after they are done and no one else to go further, they end up starting another rally for profit. With the rate of FOMOs last year, I believe the dramatic decrease was expected.

Bitcoin DRAMATICALLY increases is the same way it decreases. As long as a rally is becoming too good to be true and you just keep seeing a non-stop ladder on the chart that is not leaning against any wall, then you should always expect a little bit of a fall, however, the strength of the market, always end up pulling it back anyway, which is what brings up the recovery phase.

[fulmetal08larz]

The possible reason I'm seeing why BTC value decreased dramatically is because the whales who have bought last year when the price was just around $1k or less who have currently gained a lot of profit sold most of their BTC at large volumes - this is the distribution stage in the market wherein those who have bought recently and joined the hype no matter the price, bought it from the whales at smaller volume but has larger quantity of buyers, causing the price to decrease due to panic selling of newcomers upon seeing the market going down - It's a domino effect for them.

[wuvdoll]

In November/December we experienced some of the biggest growth we've seen in bitcoin and many would argue that it was not sustainable and a correction was due. I think we can attribute most of the initial fall to that, say from 20-13k.

After that we had a wave of mostly bad news, some true, some not:

- South Korea to effectively ban all cryptocurrencies (not true)
- China to limit access to all foreign cryptocurrency sites through their great firewall of China (not true)
- Facebook to ban all adverts on cryptocurrencies (true)
- Lloyds bank to stop accepting credit card payments for crypto transactions (true)
- India to ban cryptocurencies (not true)
- Senate hearing on cryptocurrencies (turned out to be positive but many feared it would not be)
- Chinese new year leading to much funds to be withdrawn from the market to fund expenses
- First round of futures contracts ended

I have probably missed many other things that happened in January because it really was a lot but this will give an idea. All of this leads to great FUD in the market and people sell low and whales take advantage of this to push the price lower so they can stock up.

Always like that and which most of them are spread just to make the weak hands suffer. At the end of it all, the percentage of the false news are always higher than the true ones, and before most of the panicking individuals may find out, it would have been very late. You even tried listing some of this, I just got tired at some point and stopped reading any news pertaining to crypto as they were just so pissing knowing some people are just bound to keep manipulating and making profit.

[South Park]

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

The price of bitcoin decreased dramatically because the price increased dramatically at first, this is just the way the price of bitcoin moves, there was a huge demand for bitcoin and then speculation began and this pushed the price upwards it was  bubble and like any bubble it was going to burts at some point since it was impossible to maintain that value for a long time.

[Usafstar]

Now every thing of the crypto are changing the large holders when want to bring some change in the market they can through bitcoin transactions and now those who have bitcoin they are doing  good outcome from this as if i give full time to bitcoin as a good bitcoin user ii would like to invest now in the altcoins and bitcoin and the future is bright So the bitcoin value decreases dramatically which reflects the people interest towards bitcoin and the crypto people were scared from the crypto and they were not interested in the crypto.

[streazight]

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

The price of bitcoin on the market today is determined by bitcoin millionaires. This drastic decline is the act of the millionaires because they want the bitcoin prices to fall deeper so they can buy bitcoins at the cheapest price so they can benefit again when the millionaires are pumping. So, if you want to control the price movement of crypto then you must be one of the bitcoin millionaires in the world. 

I also think some of the millioners do this because they have the money to dump and buy a huge amount of bitcoin. I think they will buy a huge amount of bitcoin the suddenly they will dump it all at once. for them to gain more profit.

Who do you think have always been behind this? That is the reason they use their huge position, come together, play with the market when they feel like and make every weak hand suffer for it. I always believe that the market always end up getting strengthened after moments like this, so it is something we need once in a while to always get some sanity in the market.

[Bardman]

Actually it's quite simple, no market ever moves in a straight line. It crashed just as fast as it rose. Bitcoin price dramatically increased, first because of the upcoming segwit2x fork and then because of greed. It always happens, everywhere. Whenever there is a big move the newbies jump in thinking they will miss their chance and eventually overbuy the stock/coin.

A lot of people are trying to find different reasons for the crash, there really isn't one clear reason apart from normal correction and ''normal'' fluctuations. Bitcoin is extremely volatile yet people seem to forget this fact. We have some resistance now at around 11k, if we break it convincingly then we are surely in a bullish market again and we will probably see bitcoin reach 15k again soon enough. If we can't break 11k then it could crash to 8k again and if that doesn't hold then we could see a lower low. Time will tell.

[PalindromemordnilaP]

Bitcoin needs to undergo correction to make it more better rather than advancing its market price without making any correction. And while that happens, more and more people are also starting to trade/sell their token holdings. That's how volatile bitcoin is where there is a sudden falldown or a sudden rise of its price.