Why the price of bitcoin rapidly going down

[Coinworld98]

Whenever the price of Bitcoin goes down, we should always know that it is a temporary thing. Bitcoin will always rise again.

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[mdw1962]

I guess alotnof people answered this question already. But the main factor in crypto currency price is the supply. If countries ban a crypto currency then it's citizens will sell off thier holdings and as a result more supply of coins is in the market. More supply means lower prices. But i still believe that crypto currencies will recover and even be stronger than last year.

[Allura74]

Just because of some people's Panic selling.here i should mention media again!  Lot's of media publish article about negativity of bitcoin. Some people Trust it. And they had start panic selling. That's why it rapidly going down.

Yes, panic selling will contribute such abrupt lowering of bitcoin price and that is merely because the more people sell the more its supply in the market affecting its price and it is just an indication that there are more selling than buying activity and I think another factor is the whales activity they can manipulate such pumping and dumping of bitcoin for they are holding a bigger portion of bitcoin.

[frankiemalton]

If you keep an eagle eye on cryptocurrency news, you just might be able to buy or sell bitcoin profitably before everyone else catches on.

[dasana212]

Bitcoin prices have fallen sharply in the short term due partly to bad news. Bad news such as countries banning ICO or prohibiting Bitcoin will affect the market trend and cause many investors to sell Bitcoin at low prices. So prices have fallen so fast

Bad news and panic sell is the reason why the price Bitcoin rapidly going down.
But now we can see the price Bitcoin is really have recovered.  I hope there are no more negative news coming attack Bitcoin again.

[tuhnupeppu]

There are many factors that contribute to this. As of right now, bitcoin prices are going up. This is highly related to the laws of supply and demand. Panic sellers also, sometimes known as dumpers are a major cause of this. They think the prices won't go up or it won't return any profit and end up dumping all their bitcoins. This causes a rise in supply and decreases the value of bitcoin.

[aolin118]

many factors  contribute two the rapid decline of the price of bitcoin like the policy, economy, political events. In addition, rumors also affect the price of the bitcoin.

[ejandjm18]

The price of bitcoin is rapidly going down because of the recent negative issues of bitcoin which result of other country banned bitcoin. But this is just temporary since the Market of bitcoin is always dynamic so up and down is common.

[zubrr51]

Just today, the price for Bitcoin has sharply continued its growth. There are all prerequisites for a market reversal.

[Buladig]

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

for many reasons that cause bitcoin to drop drastically among many issues that say that all countries will not accept bitcoin, with such an issue there will be a bitcoin dump ...
but the price of bitcoin will only drop for a while because in the next few months bitcoin will rise again ...

[gudrun]

After such a rapid fall, bitcoin started to rise again. Over the past day, litecoin viruses are almost 2%. This is a good sign. I think that soon the bitcoin course should stabilize. Now is the time to buy cryptocurrency.

Yes, the price of bitcoin goes down fast and vice versa it goes fast too. I hope it returns to its peak value of $ 19k8, people should buy bitcoin right now before it grows strong

[gerald246kru]

I think it is because of cryptocurrency whales. They manipulate the price of bitcoin thats why its rapidly down now. The real world is to give you have money real estate. The best for me to buy it is a new wallet and technology. The problem is the world of our government and I lean on your time to upgrade the world so they use it

Crytocurrency whales make up only a fraction. In my opinion, bitcoin prices fell sharply as capital was shifted to another sector. Maybe capital has shifted to the stock market, some individuals take profits from real estate investments, or buy cars, vv

[cryptojaani]

I wouldn't say rapidly going down, everything that goes up must come down as a normal practice of law. But in this case it sometimes retraces due to a heavy spike, in my opinion.

I think bitcoin investment is a coin business and profit and loss is the part of business. Therefore it is not good to sell your bitcoin if the price down because the next day it will rise again and you will recover your deficits. Just be patient and cool to wait for some more time. Bad thinking and falls statement about bitcoin future are the reasons for fall in the price.

[erikoy]

People sell BTC especially seeing others also selling their BTC and you can find that one out when market price for bitcoin relatively within just hours or days the market price fall. So if you are holding and had some profit already on it selling BTC would be ideal before market price for it fall down for more. We do not have any choice even if we love to see BTC to go high yet the investors are selling it already. So if you are just planning to for a short time holding then better always check bitcoin market price movement at coinmarketcap.com for it.

[Intensity13.6]

At this moment bitcoin price slightly increasing and this is a good sign. I think the red market already finished and now it turns into a green light that give hope and future for every bitcoin believer.

[Himanshu111]

It is not going down. If you look closely at the charts, then you can easily see that the prices have remained stable within the $8,000 to $10,000 per coin range for the past two months. And they are likely to stay there until the end of this year.

People sometimes don't know the truth and don't have the knowledge to see it. If you want to speak about something you must know it about 99%.

There are several reasons for the downfall of price of bitcoin.Firstly the forces of demand and supply play a very important role in determining the prices.If the demand increases then the price also rises and vice versa will occur if the demand falls.But still people have faith in bitcoin and that is why they still hold their bitcoins for future rise in price.The amount of investments done in bitcoin also determines the price of bitcoin.The market of bitcoin is reducing due to the fall in price.

[mitchr4]

It's naturally happen that people are selling their bitcoins for wanting a profit. That could be due to the trend to follow people who sell their bitcoin massively called as panic sell that can keep bitcoin prices down.

[jaysabi]

It is not going down. If you look closely at the charts, then you can easily see that the prices have remained stable within the $8,000 to $10,000 per coin range for the past two months. And they are likely to stay there until the end of this year.

People sometimes don't know the truth and don't have the knowledge to see it. If you want to speak about something you must know it about 99%.

There are several reasons for the downfall of price of bitcoin.Firstly the forces of demand and supply play a very important role in determining the prices.If the demand increases then the price also rises and vice versa will occur if the demand falls.But still people have faith in bitcoin and that is why they still hold their bitcoins for future rise in price.The amount of investments done in bitcoin also determines the price of bitcoin.The market of bitcoin is reducing due to the fall in price.

I think people over emphasize supply and demand these days as it relates to Bitcoin. Supply and demand for legitimate usage is far different than supply and demand for speculative purposes. There is a far greater number of people who buy Bitcoin only because they are trying to get rich off it as compared to the number of people who buy it to use it for any commercial purpose. Supply and demand for trading purposes is easily manipulable and subject to sudden spikes in order to manipulate the price in an effort to create volatility, which is what traders profit on.  Demand for commerce is rather slow-moving and not subject to wild swings.

[suburban123]

Bitcoin becomes cheaper until the number of those who want to buy it will not exceed the number of those willing to sell it. Most likely, it will take several months for random people to leave the market. Growth will begin only after stagnation. On how much the course will fall, by 20 percent or 70, depends on the specific case, but bitcoin never collapses to zero. Yes, the rate is inflated due to speculative activity with the cryptocurrency on the exchanges, which gives grounds to some experts to call the cryptocurrency a bubble.

[Norihiro]

Price of BTC is always affected by different thing and sometimes there's nothing to do with that. Sometimes we experience rapid changes of course but actually BTC is very stable in comparison with other crypto.