Why Bitcoin Price Going Down?

[Branko]

last time whales so thoroughly ripped off casual investors that no amount of shilling can bring them back

...also, big investors like it cheap, anyway, and probably buying positions while we speak about it

https://twitter.com/officialmcafee/status/998557114170822656

[investorck]

I believe bitcoin is going down due to the impending Google and Facebook ban. This ban will make crypto marketing difficult and hence less people will be aware of the crypto services.

[Rocktop044]

The market us stabilizing. I think it would moon soon.

[bitbunnny]

I believe bitcoin is going down due to the impending Google and Facebook ban. This ban will make crypto marketing difficult and hence less people will be aware of the crypto services.

This correction has nothing to do with Google and Facebook. They don't have such big and important influence on Bitcoin and besides their ban relates to some crypto advertising that could be harmeful for users anyway.
For a quite long period of time Bitcoin price is going back and forth but always in a range between 7000$ and 9000$. I beleive this situation will remain for a while because Bitcoin market still isn't ready for biger price jump.

[zakariajaki]

why bitcoin prices go down, in my opinion a good price spike as it rises and falls is influenced by new investors who did not follow from the start of a coin journey, so the investors panicked and then sell their coins at cheap prices, whereas the rise and fall of the coin for me is the thing common, hopefully useful

[Harley29]

I believe bitcoin is going down due to the impending Google and Facebook ban. This ban will make crypto marketing difficult and hence less people will be aware of the crypto services.

No I am not agree as a single banning cannot effect the price of entire bitcoin, as not only google or facebook is there to promote bitcoin but a lot of other sites are there who are making bitcoin famous and they are properly making people aware of bitcoin features and the benefits just like, instagram, YouTube, twitter and chrome and many more are there so it’s not big deal.

[Taki]

I believe bitcoin is going down due to the impending Google and Facebook ban. This ban will make crypto marketing difficult and hence less people will be aware of the crypto services.

No I am not agree as a single banning cannot effect the price of entire bitcoin, as not only google or facebook is there to promote bitcoin but a lot of other sites are there who are making bitcoin famous and they are properly making people aware of bitcoin features and the benefits just like, instagram, YouTube, twitter and chrome and many more are there so it’s not big deal.

That's right, Google, FB and Twitter just ban crypto and ico adds and it has no influence on bitcoin at all. It is probably the game of whales or simple correction.

[yanlap]

There are games of crypto whales. There are institutional investors, who use bitcoin futures, there is MTGOX case and so on. You know there are a lot of different factors which affect on the price. In my opinion you shoul have your own investment strategy and follow it.

It has been more than 8nyears we have heard of the world crypto currencies and the bitcoin but so far, it was not possible for anyone of us to identify the exact reason behind the downfall of the market value of any of the crypto coin. The most common reason is the decrease in the demand rate and the panic selling which is being done by the investors. Other than that, the ones with heavy investments also affect the market.

[Bugatti73]

There are games of crypto whales. There are institutional investors, who use bitcoin futures, there is MTGOX case and so on. You know there are a lot of different factors which affect on the price. In my opinion you shoul have your own investment strategy and follow it.

It has been more than 8nyears we have heard of the world crypto currencies and the bitcoin but so far, it was not possible for anyone of us to identify the exact reason behind the downfall of the market value of any of the crypto coin. The most common reason is the decrease in the demand rate and the panic selling which is being done by the investors. Other than that, the ones with heavy investments also affect the market.

What is wrong with the market today? Why does it fall? Who sells, why? After 6000 dollars why sell it at all? I do not see any news for the panic .... strange people ...

[Farahtenan]

If you want to buy and invest in Bitcoin, I recommend buying Bitcoin at a low price. For example when the price Bitcoin touch below 100 million. Maybe if Bitcoin drops again to below 100 million, I think it's a good time to buy some Bitcoin and we invest in the long run.

[Branko]

If you want to buy and invest in Bitcoin, I recommend buying Bitcoin at a low price. For example when the price Bitcoin touch below 100 million. Maybe if Bitcoin drops again to below 100 million, I think it's a good time to buy some Bitcoin and we invest in the long run.

100 million? So you think 1 BTC will fall to $6?

[ncn1992vn]

But hold on. I believe OP is talking about the Lightning Network! But if that "currency" is backed by a cryptocurrency, then what is backing that cryptocurrency. Our hopes and dreams as a collective?

[lixer]

Fear of uncertainty and doubt is making people to panic sell Their coin, thereby making the price unstable

The market value of bitcoin was quite low in the past few days but things have started turning in favor of the bitcoin and the crypto currencies as the market rates of the coins like that of bitcoin etc. have started rising once again and that this thing has given a hope to all those who are holding their coins that doing so will help them in having lot more earning and that they need to stay patient.

[Taki]

Jokes on side. This current drop is really serious and the price simply can drop back to 6000$. We should be ready for cold storage of our founds, cause of the situation is really going to be long term. The only sure perspective for serious grow u see in 2020 year when the time of next halving will come and miners fees will be cut tested on half again.

[Baraban66]

Hello guys, I been holding crypto currency for many years now because I so one of many enthusiast person on crypto currency particularly on bitcoin. From its low to its highest price. But now how I see it in the charts the price is to low, Its hit 7665$ from 20000$. Why?? What Happen??

If you buy it at 20000$ for sure its a  big upset on you side because you loss more that 50% of your capital.

That is why even if Bitcoin Price is to low today many investor's are afraid to buy because bitcoin myth go down more and
the loss moeny.

I know there is a lot of  expert traders out there

Can you  Make an Advice When I should Buy Bitcoin?
In what price bitcoin price heading now, thus it goes down? or up?
And how much money should I invest on it?

In my opinion, you should always follow the volumes. This works in regulated markets, then it is must work on unregulated markets. Follow the beatcoinmagnats and you will be in profit

[eyebags1994]

Price may Go down so many time but bitcoin is very unpredictable when it will be up or when it will be down.bitcoin is very votalite.

[Woolles890]

Bitcoin price down of course many factors that cause. The fall in Bitcoin prices is also because many investors are selling Bitcoin at low prices. But now the price of Bitcoin has started to improve and this is a good time to buy some Bitcoin then you hold it in the long run. You can spend half of the money you have. No more worry about Bitcoin and do not leave Bitcoin.

[guffie]

I advise you to buy Bitcoin now. Bitcoin prices are now starting to rise again but if you buy it now then you hold it until the end of this year. I am sure you will get multiple benefits. You do not have to worry about investing in Bitcoin because Bitcoin is definitely promising. And you can spend big capital to buy some Bitcoin.

[insikko0413]

does this have anything to do with twitter that will block cryptocurrency, sorry for noob question

Yes we can do a lot of things in this regard if we will post and tweet about bitcoin acceptance than for sure they will accept bitcoin again, but if we will not take any notice and will say that we cannot do anything then sure it will not work out, we should struggle for bitcoin to make it unban at any cost, at this time nothing is better than bitcoin for us so be hopped we can do anything to let our bitcoin breath forever, sitting idle and waiting to make it unban by itself is in vain.

[Onestepinhell]

My opinion is that bitcoin has not yet been appreciated by everyone, that's done, but this is again done to buy it in the future, hence it follows that it is simply held at a level that suits many. At the moment.