Why the price of bitcoin rapidly going down???

[OuterTech]

Bitcoin prices have fallen sharply recently as a result of negative news from governments in countries where the Chinese government banned cryptocurrencies in their home countries, where people own the largest cryptos in the world that is the reason why Bitcoin rates, as well as altcoins, have been continuously decreasing recently.

[rainezerr401]

Is it because of the large number of altcoins?

There are always issues on different market because the volume are different and the levels of security is not the same on other market's so always be careful of placing a huge amount of money on a certain holder you are interested.

[Marrying_Couch]

actually this is normal, bitcoin prices are up and down and often experience significant fluctuations. No wonder the current price of bitcoin has fallen dramatically, but keep in mind that later the price will rise again, maybe this is a strategy for sellers and buyers to be balanced.

[Bitfling]

Is it because of the large number of altcoins?

Recently bitcoin price drop because many factor and on of that factor is MtGox selling their bitcoin on trustee. But beside that, bitcoin in past few weeks always get negative news thats not true. Its essential if we are not panic with bitcoin price movement, and its better if we holding for long term

[linshisui38]

Is it because of the large number of altcoins?

There are several reasons for the rapid decline in the price of bitcoin.

1; The media sent out some bad news,

2; Some countries have introduced policies to regulate bitcoin.

3; The hackers attacked the exchange with a lot of malicious selling of bitcoin.

These are the reasons for the rapid decline of bitcoin.

[Pendularin]

Is it because of the large number of altcoins?

There are several reasons for the rapid decline in the price of bitcoin.

1; The media sent out some bad news,

2; Some countries have introduced policies to regulate bitcoin.

3; The hackers attacked the exchange with a lot of malicious selling of bitcoin.

These are the reasons for the rapid decline of bitcoin.

Bitcoin now is decreasing its value because of the negstive feedback and spreading bad information. But I think it will range higher on its value if we introduce their capabilities and opportunities .Some people are always thinking negative side on bitcoin so the investors are discourage to invest money because its all about legit information that they collect. Its all about the information so that investors will having interests on bitcoin.

[vasrasus]

Is it because of the large number of altcoins?

There are several reasons for the rapid decline in the price of bitcoin.

1; The media sent out some bad news,

2; Some countries have introduced policies to regulate bitcoin.

3; The hackers attacked the exchange with a lot of malicious selling of bitcoin.

These are the reasons for the rapid decline of bitcoin.

Extensive news makes crypto holders and investors to panic, it is just normal in a growing community since we have different perspective everything that's going on  we just need time for them to realize it.

[Beabtc11]

Is it because of the large number of altcoins?

It is possible for that reason but as we all know bitcoin is volatile in nature. The price of Bitcoin can also change drastically as countries and financial institutions adapt to the idea of cryptocurrency.
Bitcoin isn’t really like anything else thanks to the blockchain technology that powers it. It’s also treated differently than other types of currencies and commodities because we’re still not sure what it’s actually for. That leads to a lot of instability.

[PalindromemordnilaP]

Is it because of the large number of altcoins?

Well, there's more you need to know about cryptocurrencies. Bitcoin is very volatile that its market value will rise drastically if the demand of people is getting high. Its drastic fall is also caused by a low demand because people especially whales are having a sell off of their bitcoin holdings. In addition, FUDs are making the scenario even worst as people are panic selling their crypto assets in fears of losing more of their investments.

[mridulhasan]

Is it because of the large number of altcoins?

Altcoins large numbers can never reduce the price of Bitcoin. Bitcoin's price has come down because there are so many rumors about Bitcoin being recently and many bad information  is being released. Google and Facebook have banned Bitcoin,that's why Bitcoin's users are getting reduced day by day.And now the government of many countries has bitcoin banned because of which many people can not use Bitcoin legally.

[Jazvebtc18]

Is it because of the large number of altcoins?

Absolutely not! Bitcoin price is rapidly going down not because a lot of altcoins were invented. It is part of the system of a cryptocurrency world. Volatility of bitcoin depends on the market which is for now is not that marketable. Bitcoin isn’t really like anything else thanks to the blockchain technology that powers it. It’s also treated differently than other types of currencies and commodities because we’re still not sure what it’s actually for. That leads to a lot of instability.
The best bet for Bitcoin is that as it becomes more popular and more people buy it, these types of changes in value will go down for two main reasons. First, individual owners have less power over the price of Bitcoin, and, second, it creates stability since more people have a stake in the cryptocurrency.

[Fluffinfinity]

Because Bitcoins are being banned by some sites and also, that the government has already hints about it so they are trying to Decrease its value for now.

[eelectrick]

Is it because of the large number of altcoins?

Price dips or people popularly refer to it as bloodbaths are caused by numerous reasons, sometimes it's a singular reason
and most of the time a combination of them. They may be a form of controversies, scams, hacking issues, major whale dumps
and even trends to say the least. Regardless of the reasons it's quite widely speculated all the time, that rapid price dips or
decrease are always expected within the market. Somehow in a different angle it contributes order and progress. Besides it's a
volatile market adding more fire to it's unpredictable and ever shifting nature and appeal. We all will get use to it at some point,
others have cleverly taken advantage with bitcoin's price dips. It's a matter of strategy and choices from here-on point.

[Visbay]

Altcoins are not in any way hindering the value of Bitcoin, but Bitcoin value affects the Alts prices. Part of what may be the causes of rapidly decline in Bitcoin prices are the effect of continuous lower patronage for Bitcoin because of FUD, [negative rumor spread around the world about bitcoin, whereby the Big whales, Interested millionaires, and persistent traders and investors started restricting themselves from purchasing more, which hereby brought about Deflation. Though it is natural at times, but this situation shall turn over soon.

Bitcoin market always shakes up when millionaires perform. They are the ones who decide the future of bitcoin in some way. Though it is not the only reason but makes a lot of sense.

Whenever there is big selling out, the price of bitcoin goes down and there is no doubt in it, people would have sold BTC when it was 20k dollars to make profit. Now as the investment will increase, the price of bitcoin will also increase. It fluctuates the most because of its limited supply.

Yeah so in simple words bitcoin price is all about demand and the supply so if in market bitcoin holders will sell their bitcoin at very low price then bitcoin price will  be low but if they will have some patience then market will rise again, but people sell intentionally to make market down so they buy again high amount of bitcoin to trade for long time at fallen price, so it’s all planned you don’t need to be worry hold your bitcoin soon you will be a victim of highest price of bitcoin.

[majeed]

Is it because of the large number of altcoins?

It won't be affected by them. The common thing that really have a huge contribution for this dip is the issues of regulating all exchanger and Mt .Gox members that are selling their btc in cheap price. If all of thesE will be done, then we see a bright side again.

Totally agree. There is no point that altcoins affect the price of bitcoin. Bitcoin can only be affected by the whales and altcoins are controlled by bitcoin. The lower bitcoin is, the lower altcoins are.
well, but I do not think that all people are selling bitcoin with the cheap price. Whales are selling their bitcoin in order to collect more bitcoin with a cheaper prce

[Sadlife]

Nope that's not the only reason. Recently bitcoin has been bombarded by lots of bad news this past few months like the recent sell out of worth $400 or 500 million dollars worth of bitcoin from a trustee from the Mt.Gox scam exchange. China banning all altcoin and ICO's, Korea also banning ICO and exchanges, india making it illegal. In fact its a miracle why bitcoin is still surviving.

[BitcoinMarketer39]

Is it because of the large number of altcoins?

It won't be affected by them. The common thing that really have a huge contribution for this dip is the issues of regulating all exchanger and Mt .Gox members that are selling their btc in cheap price. If all of thesE will be done, then we see a bright side again.

It actually depends on the exchanger if they are following the official price or not, but since most of the exchanger are trying to synchronize their prices in the market then supply and demand is always the cause of it and we should not worry about the decrease in price since we can invest even more to earn profit.

[KrishaBitcoin]

Is it because of the large number of altcoins?

If you mean is the dip that happen during last December to February this year then that was because of MT.Gox Bitcoin exchange in Japan in which they sold huge amount of Bitcoin during that months in which it result to totally fall down of Bitcoin price from $19,800 to $6,000. I though it was a normal corrections before but after the revelation i believed that this is a game of the big whales but discovered and revealed.

[fiorilia]

many negative issues about crypto including bitcoin and several restrictions that caused the price decline that bitcoin is enormous. Facebook, Google began to prohibit the advertising of the crypto and several countries declared ban also makes bitcoin down the price until today.

[radjie]

Is it because of the large number of altcoins?

Conversely, a growing number of new altcoin types may affect bitcoin prices to increase, since altcoin values ​​will not be valuable if they can not be converted into bitcoins in the market. the market movement of cryptocurrency is very sensitive to the many issues related to the restrictions that may affect investors' confidence to feel hesitant to invest in bitcoin, one of which there is news Google will ban advertising sprung up about cryptocurrency. maybe that could cause bitcoin prices to decrease.