Why the price of bitcoin rapidly going down

[syamster]

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

Yes I think some people think and argue about why bitcoin prices go down, it's because panicked salespeople, let's consider such opinions, but all the ideas here are just a form of speculation and nothing can provide an accurate situation. I think this is just a market correction. The bitcoin will rise soon.

Yeah people are saying what they are thinking, but most of people are now a day thinking negative because price is falling, those who sells at panic becomes a reason for sharp fall in price. We should keep the demand of bitcoin high in market so price will not fall by holding, don’t listen to the fake news about crypto as it is normal not a big deal at all, have patience soon price will start rising once again.

[1713874793]

1713874793

[jaysabi]

The price rises and falls rapidly because Bitcoin is essentially not used for anything except speculation. Just as everyone one was piling in last year to speculate on the price rise, so are people now piling out speculating on the price fall. At least if Bitcoin had a general baseline utility, it would be much more stable, but everyone is just chasing gains and hoping to get rich by trading it. That's a horrible attribute for an asset you want to have long term stability.

[billbear]

It could be from different reasons, as the government pressure, bad reviews, people get discouraged and lost their Faith in Bitcoin. Choose your...

[BeGoods]

Fake or negative news involving the bitcoin is a one big reason of rapidly price down in the market. Because,some negative news can lead to many investors to panic,and sell their bitcoins immediately,fearing to lose it all,and that's the effects.

Yeah you know that crypto market is now very sensitive with few things, let alone bad news about crypto and speculation from some people will worsen,
bad news will make many people easily panic and sell their coins that cause double effect, and that's what keeps prices constantly down..

[BlackMoon25]

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

Yes I think some people think and argue about why bitcoin prices go down, it's because panicked salespeople, let's consider such opinions, but all the ideas here are just a form of speculation and nothing can provide an accurate situation. I think this is just a market correction. The bitcoin will rise soon.

Yeah people are saying what they are thinking, but most of people are now a day thinking negative because price is falling, those who sells at panic becomes a reason for sharp fall in price. We should keep the demand of bitcoin high in market so price will not fall by holding, don’t listen to the fake news about crypto as it is normal not a big deal at all, have patience soon price will start rising once again.

Everyone should know about this, but it's hard to see the exchange wallets amount become smaller and smaller day by day. It tortures spiritual on our mind. So most people choose to sell at panic to get out of exhaustion.

[Tiktik]

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 negative news that can cause FUD and people become panic and end up selling their bitcoins, I think the whales keep manipulating the price because there's a possible that their the one who spread negative news and one of the bad news I heard to my friend that one of the exchange site has been hacked so there's a chance that the market will fall again.

[finlandais]

I think the main reason behind this is the fake news regarding the bitcoin.Many people are disturbed with the news that bitcoin is going to end soon.This  news manipulate the mind of people and force them to sell their coins at such low rate which results in  overall lowering the price of BTC.If this scenario continues, than in coming months the price may fall down further.So it is adviced to invest more in BTC if we want the price of BTC should increase.

[lolehiM92]

Bitcoins are tending to go down because they have a lot of factors that cause them to break down a bit, do you know what those factors are? There are many opinions that it is because of the whale you think so?

[kisscoin]

I also very much hope that the fall in the price of bitcoin is only temporary and soon will be its growth. Anyway, many other cryptocurrencies that are created on its basis also fall. In this regard, we want to feel the growth of the cryptocurrency market as soon as possible!

[hatsoff2btc]

Bitcoin price goes down rapidly because of low demand and the negativity of people around Bitcoin. People gives negative feedback about Bitcoin than can make others fdeling discourage. They just always saying bad things about Bitcoin and may be one of the reasom why Bitcoin is rapidly goes low.

You are right that negative statements, low demand and market manipulation are the reasons for fall on the price. But I think that this fall is natural and this situation will continue for some time because the first big pump was unexpected and was not according to the market cap. Now the price is normal and will increase with the investment cap.

[Kiweikoo]

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

This is will be just temporary and not permanent. Most of us, especially those of us that have been into this for a long time now already knows that this is a regular thing that happens almost all the time. And when it happens, after sometime, before the end of the year, the price will recover. So the best thing is just to HODL as long as you can and wait for the price to recover. But don’t forget to always cut your loss, no matter how things has been in the past, don’t use that to judge the present. Always calculate your steps.

[katiecbell]

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

They do say that the price of Bitcoin at anytime is as a result of the rate of demand and supply. So this time around I believe it will also be the same reason and nothing. Another thing is that media controls us😏 many people are fond of listening to what the media has to say and they act accordingly.

Last year I can remember that there were some of them saying that there will be a correction to the price of Bitcoin. So many people believed them and withdrew their funds immediately. I don’t know if that’s the truth for sure, I’m just saying based on my own understanding.

[aspalela]

I think Bitcoin's price will not go down so fast, if Bitcoin's monetary decline a few weeks ago recovered partly a few days ago and there seems to be an upward trend in the market about future crypto currencies, so sometimes the price is down for investors maybe people buy more bitcoin and then the price will be fast high because there are many holders waiting for their profit.

[liivii]

I positively think that the price of Bitcoin will not go down and down because we are on the mid quarter of the year where the price of Bitcoin actually plays everyday. We must be worry when the last quarter of the year comes where Bitcoin's best quarter of the whole year and these price drops still happening because it only means Bitcoin will never recover from the market. So for now the best weapon is to keep monitoring the price and be knowledgeable about the everday situations of bitcoin.

[ace1105]

I positively think that the price of Bitcoin will not go down and down because we are on the mid quarter of the year where the price of Bitcoin actually plays everyday. We must be worry when the last quarter of the year comes where Bitcoin's best quarter of the whole year and these price drops still happening because it only means Bitcoin will never recover from the market. So for now the best weapon is to keep monitoring the price and be knowledgeable about the everday situations of bitcoin.

Yes, this is the strategy a lot of us are doing right now, keep holding and having a long patiene. Let's see what's gonna happen in the last quarter of the year.

[TitanGEL]

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

The price of the bitcoin is rapidly going down because the whales are continuing to manipulate the cryptocurrency market. The supply and the demand is also the reason why the price of the bitcoin is declining.

[Emitdama]

It could be from different reasons, as the government pressure, bad reviews, people get discouraged and lost their Faith in Bitcoin. Choose your...

One of the biggest reason is that it is banned by many countries. Almost all countries are worried about their economy and therefore had banned bitcoin, due to which its use is decreased greatly in many countries and so its price decreased and some people lost hope. They stopped investment in bitcoin, due to these reasons the price of bitcoin decreased.

[pragna]

It is not permanently boss. If we see the btc price records in previous years you will find your Answer. I think there are some gamelar in crypt market who spreads wrong information, rummer about crypt currency. As a result when price of btc down they buy in low price and after some days when btc price grow high they sell it. As there are no real money of BTC people are always in fear about it. So when they see these rumer they sell it with loose on the other hand gamlar buy it in low price. Nothing to worry boss. It will recover soon.

[Maddinson100]

Bitcoin price going down rapidly because of the negative news in the media,and because of some country banned  the bitcoin.

It is just because of the demand rate which is decreasing and affecting the value in the decrease trend. The value today is 5.8k dollar and this is the lowest value recorded this year and may drop further but we can not say in this market is totally unpredictable but we know that it will recover again anytime as the demand rate will increase in this low market and the price will shift to high value.

[Ewinsane]

The value of bitcoin is going down due to the news of google about banning cryptocurrency related ads and ICO. But not only that Twitter and instagram according to some articles are also making those actions. Though it is unverified information but it is making a stir on the market thus have played a role on the drop of bitcoins value. But thanks to the news on G20 that says they are going to tackle about the benefits of cryptocurrency, bitcoin has recovered its value and hopefully to climb up more.

Besides that, FUDers are grabbing this opportunity to spread more fake news(although google banning crypto ads is a fact). Panic sellers also contributes to the price's bearish trend. As a bitcoin user, I think it is only okay for me even if price of btc goes down today. It will just mean that we are weeding out the weak hands and market will become healthier, it will also be a good opportunity to rebuy after selling at the peak or near the peak.

Agreed, There are so many speculators that making noises and fake news about bitcoin, it also have a negative effect in the environment of bitcoin,  maybe they should stop doing that, Bitcoin will not end as well as crypto currency, The reason behind the price of bitcoin as of now, is that the panic sellers itself, they are making the market red, also the whales manipulators who are always been there since the beginning of crypto currency.

Bitcoin prices are falling off a cliff as a growing heap of bad news for the crypto market piles up.Government regulators in Japan slapped six exchange operators with business improvement orders, while a South Korean trading-platform said earlier this week that hackers stole about $30 million in digital tokens.

We see that the price dropped to the lowest value recorded yesterday and all the perceptions of people were negative because they just look into the present situations and do not remember that the Bitcoin has suffered even in very difficult situations and the current situations are not permanent but temporary as we know about the demand rate. The value today improved from 5.8k dollar to 6.1k dollar so be optimistic in this market and just hold your coins.