Why the price of bitcoin rapidly going down

[reighbut2017]

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

Im not really familiar of the reason why cryptocurrency market is falling since i did not study very well im just investing and hoping that i can earn too much gain like what my friends told me before  that cryptocurrency investment will never get lost.

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[verziagra]

The factors that affect the current price of crypto are the issue of rejection or banned and the hacker who steals the user's assets and sells them cheaply. hope I hope the crypto market will recover and increase.

[Bitexpert2017]

I think the rapid dropping of price is due to some people that until now still selling their bitcoin in low price because they want to cut their losses due to continous fluctuation of the almost all cryptocurrency in the world market.

[Lady Coquet]

I think the rapid dropping of price is due to some people that until now still selling their bitcoin in low price because they want to cut their losses due to continous fluctuation of the almost all cryptocurrency in the world market.

Its true the reason why the price of bitcoin is rapidly going down because a lot of people starts to sell their bitcoin in low price, that is why the price of it continues to decrease. Another thing that makes bitcoin price falls down because of banning bitcoin in other countries that it starts to lose its investors.

[jlong187]

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

I seen that not the last roll here plays the simple panic on the market, while people are selling their actives in Bitcoin and from other cryptocurrencies.

[DiabolicAnt]

I thing that it just goes together with the market, it cannot go against it so there's nothing surprising about that, isn't it?

[jeluhtajem]

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.

[Unlitinated]

So there is always ups and downs at any market cause this is the entity of any global platform of any material or non-material products traded on it. So the cores of BTC downfall are: first, negative artificial circulating information in majority of mass media pumping the distrust to crypto market; second, the activity of whales with huge money targeting to devaluate the price of BTC (swapping it for fiat mainly) with higher rate and after the reaching some bottom, they start buying it again with the lowest price in huge amounts making the rush among small fishes which start buying crypto after the price is pretty raised again. This makes huge profits to whales who trim all the rest when at the peak of the rush. Then they start running off it again and again. So this merry-go-round keeps go round all the market in favor to them. But who knows this trick can benefit out of this switching on cold logic and mind.

[Exoskeleton]

The last twenty or so posts have some of the worst grammar. Im not sure if you guys are trolling or what...

[a2offrb]

This incidence can not be ruled out in the history of Bitcoin, hence the volatility caused by obvious variables that are temporal which all are subtle to changes positively when situation turn around. Notable among these variables are FUDs, Big Whales/Sharks, Exchangers Hacking, Big Network Company like Facebook unwarmly perception and more based at the angle with which individual economy sees the Coin.

[Rufsilf]

It only means that there is a panic selling that is happening right now and that panic selling driving the price of bitcoin to go down even further but for the people who are used to this types of scenario for bitcoin, they are not getting affected by this happening and they are just taking advantage of this by buying cheap coins.

[Deubila]

I think the rapid dropping of price is due to some people that until now still selling their bitcoin in low price because they want to cut their losses due to continous fluctuation of the almost all cryptocurrency in the world market.

I think that one of the reasons why virtual currencies have disappeared from the market to give way to Bitcoin's dominance may stem from the government's desire to manage this kind of assets by law. After the ban on transactions, many countries are changing the policy to control more closely. With the legal support and attention from investors, the collapse of Bitcoin is unlikely or only temporary.

[Neraj Evad]

I think the rapid dropping of price is due to some people that until now still selling their bitcoin in low price because they want to cut their losses due to continous fluctuation of the almost all cryptocurrency in the world market.

I think that one of the reasons why virtual currencies have disappeared from the market to give way to Bitcoin's dominance may stem from the government's desire to manage this kind of assets by law. After the ban on transactions, many countries are changing the policy to control more closely. With the legal support and attention from investors, the collapse of Bitcoin is unlikely or only temporary.

That might the first reason why prices of bitcoin is rapidly going down, because of people of panic selling and also the big capitalist might also be selling many coins caucing the market price to go down rapidly.

[yusupjatigumilar]

because so many people want to take advantage of bitcoin prices some time ago so they sell bitcoin they have, this makes bitcoin prices to go down because of the number of sales exceeds the number of purchases, and this also trigger a domino effect to make some ordinary people do sell panic

[megatrix]

My personal take on this rapid downtrend of Bitcoin's value is due to all the rumors we keep on hearing regarding it, like "Bitcoin is dead"; "the bitcoin bubble is about to burst"; "the end is near, sell your coins"; "Bitcoin is banned all over the world" and all the others. This is killing the people's interest on Bitcoin, giving a lot of fear and doubts to potential investors even to the people who are already in the game, so once the fear, uncertainties and doubts sink in, more often than not, they will do panic selling which is not going to help anyone at all.

[Marcsymon]

My personal take on this rapid downtrend of Bitcoin's value is due to all the rumors we keep on hearing regarding it, like "Bitcoin is dead"; "the bitcoin bubble is about to burst"; "the end is near, sell your coins"; "Bitcoin is banned all over the world" and all the others. This is killing the people's interest on Bitcoin, giving a lot of fear and doubts to potential investors even to the people who are already in the game, so once the fear, uncertainties and doubts sink in, more often than not, they will do panic selling which is not going to help anyone at all.

Agree with your great perspective, in addition with the current economic crisis in each countries it greatly affect bitcoin price also to rapidly going down, because great investors are not really investing on it due to lots of supply and low in demand that results to non profitable investment at all. But this is normal of cryptocurrencies invironment that sometimes fall but it will recover in the end.

[InKiTy38]

Bitcoins are rapidly declining because of the many reasons that their prices have fallen sharply, and some have argued that as a result of the massive growth of the mayor, it seems to me to be a normal rule.

[Betwrong]

It only means that there is a panic selling that is happening right now and that panic selling driving the price of bitcoin to go down even further but for the people who are used to this types of scenario for bitcoin, they are not getting affected by this happening and they are just taking advantage of this by buying cheap coins.

Number of people who can be affected by FUD and do panic selling is too small to affect the market. The price is falling only because people with huge amounts of BTC are selling their coins in great numbers. Bitcoin holders consist of three types: whales, experienced holders and newbies. Only newbies do panic selling losing their money because of that, but they are not affecting the market, they just losing their money, that's all.

[speedy1987]

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 the devaluation is hard to explain, there are not any announcements from governments about the crypto market.
People might lose their patience to wait for the price to recover so they have sold out. However, due to the excessive quantity, the prices have been reduced huge. But, in my opinion, the price will start to increase again, with the current price, certainly it will attract a large number of new investments

[boyz97]

Bitcoins are rapidly declining because of the many reasons that their prices have fallen sharply, and some have argued that as a result of the massive growth of the mayor, it seems to me to be a normal rule.

it is very normal , while bitcoin community growth rapidly.each holder have their own character ,some of them hold and some of them daily trader .so while bitcoin rise and fall dont panic.