Why the price of bitcoin rapidly going down

[handyhuman]

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary.

My observation why bitcoin was going down because of the negative feedback by other people and lastly the investors that dump their coins.

[1714178521]

1714178521

[zhanyiguai261315]

BTC has a big price shock. I think it may be due to the vulnerability of funds.

Its other economies are too small and too small to be controlled.

[Gameroid]

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary.

There are many issues that make bitcoins to get down in price. A lot of investors also have sold their bitcoins because maybe they are affected with the issue against bitcoins or just afraid to lose their investment because of the issue. For me no matter what the issue against bitcoins I will still hold my bitcoins and will continue working with bitcoins in order to earn more.

I do not think that the bitcoin price is getting down, i think bitcoin price is too much stable and trading in a stable mood for a long time. Bitcoin is getting a stronger support from the investors and hope that very soon we will see a good increase in bitcoin price, because still investors are  interested in bitcoin to buy and hold for a long time.

[AdamRay]

BTC has a big price shock. I think it may be due to the vulnerability of funds.

Its other economies are too small and too small to be controlled.

Since the BTC is independent, no one is responsible for the price of the BTC, so BTC is vulnerable to the elements of the market. Recently, Google has banned advertising Crypto has made the price of BTC fell sharply, but today, BTC prices have increased again. I think they continue to rise in the next few weeks. This is the first step in the recovery and growth of the Crypto market this year.

[alfs75]

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary.

Actually all of us already know the main reason  why the prices will blow off now in the market,because of some circumstances happen now in the world of digital currency,and this all include in three consecutive correction of price value and banned of some ICO in different countries,and this banned happen now is continue to crawl like contagious diseases  in this coming months because there are news feed i read that google and twitter  will implementing the  banning all advertisment about cryptocurrency,and i hope  this would not happen,because  all of us bitcoiner will be affected.

[fatirborju]

I think that bitcoin prices are declining rapidly because there is a deal between the offer price (the price of the people who sell Bitcoin) and the demand price (the person who buys Bitcoin),if the supply and demand price drops then the price will also drop or often called supply and demand....

[kive2k]

I think the price of bitcoins and crypto-currencies as a whole fell in connection with the ban on the advertising of ISO on Twitter and Facebook, an application for a ban from Google and some state leaders

[tora]

I think we must all remember the steep price increase achieved by bitcoin last year. Perhaps a more realistic price,ie todays, is more sustainable.

[Mometaskers]

FUD everywhere, that's why. All these talks about social media network banning advertising for cryptocurrencies has made people uneasy. I don't know how many sold out after hearing that though there was a plunge. Good thing is that the EU Central Bank has announced about a few month ago that Bitcoin and cryptocurrencies in general would be discussed at G20 so there is rising optimism as well. It maybe a mixed bag with more regulations but that would help make cryptos more mainstream and trusted.

[maianh09]

Bitcoin is fast dropping because this is probably the FUD effect because so many people are scared when the market gets worse. When it becomes frightening, investors begin to sell everything they have to minimize what makes the market worse.

[Isaacck1]

I think there are many factors that affects the price of bitcoin. We have witnessed bitcoin's all time high which is 20000$, and probably many people were shocked and thought that they should sell now or it will go down. Many sold their bitcoins and it really affected the demand and then the price. Since the price is slowly falling, many users are panic selling. And it is all just chain reactions from panic sellers. That's what I think.

[Cedie]

I think this is because of the FUD's going around the internet. Bitcoin made a huge entrance ain people's lives especially to those who have not been engaged with it in the past few years. Since bitcoin had a fast entance, it is not impossible to make it fall fast with just simple negative speculations about it. Many people are gettimg scared because of those FUD so the demand is getting lower

[okwang231]

normal things like this about the price of bitcoin now because the price of bitcoin is not always high sometimes also needs to decrease because it also minimizes the investors so maybe it crashes for me almost 2 years that I bitcoin almost every event That's why it's going to be okay for me that's normal because of the fact that the price of bitcoin is too high so dont panic everything is under control.

[HolderLoo]

- Suspicion from perturbed information by bans / endorsements from many countries around the world.
- facebook, google, Mtgox - >>> G20
- investor psychology

[pokang13]

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary.
[/quote

I know that bitcoin wil  continue to decrease its price and i believed that bitcoin will be recover soon.This is not new to bitcoin already.Bitcoin sometimes fall and  then it rise up again.

[randyboy]

Its just a temporary, although bitcoin price goes down many users are still invest with bitcoin and they think that this is the right time to invest or buy bitcoin. It would be back or rise again bitcoin value is so volatile and mystery.

[forklif]

it is a natural thing for BTC, there are ups and downs, but you do not have to worry about btc price down, because btc will also recover quickly.

[Yamifoud]

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary.

You're right dude, this is temporarily happen and most probably it wont take so long to stay at it's dip. These is just the outcomes from FUDs and banning scenarios in some countries that make people worried to much of losing their money and they just sell their coins in cheap. 

[BR0]

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary.

Yes we know if the decline in bitcoin prices during this time only temporary and will soaring again in the future, but this time the price continues to decline and I think the prohibition of advertising crypto also greatly affect the fall of the price of bitcoin now.

[samcrypto]

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary.

My observation why bitcoin was going down because of the negative feedback by other people and lastly the investors that dump their coins.

Maybe because of the current news about the big exchange which is binance. This is just another short term dump and don't expect bitcoin to bounce back instantly because of the news about G20 summit, it will take time before we finally see bitcoin at $12k level again.