Why the price of bitcoin rapidly going down

[MiukoOk]

There are quite a number of people predicting that the crypto market is pending a decision from the SEC. That is the main reason why many investors are stopping buying BTC again and that is the reason why the BTC price drop.

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[Phantomberry]

I think everything happens now has a reason bitcoin has always had a fud news and the investor was looking of it just hodl your bitcoin and wait for the comeback of it.

[dams87]

the decline in bitcoin values ​​occur due to negative news circulating in the community when the news is not necessarily the truth so that people doubt and lost confidence in bitcoin so that the demand for bitcoin became declining.

[Fappanu]

Yes it is only temporary that we have seen today that the price of bitcoin has risen rapidly and is no longer acceptable. Certainly at the end of the month the august will increase further until December. So let's just hold it and we're ready for $ 20,000 or higher in the next few months.

[money_amount]

Yes it is only temporary that we have seen today that the price of bitcoin has risen rapidly and is no longer acceptable. Certainly at the end of the month the august will increase further until December. So let's just hold it and we're ready for $ 20,000 or higher in the next few months.

To reach 20k I think this is very hard at times when the market is quite bleak. In recent days the market is showing signs of increasing but not much. But I very much hope that you accurately predict.

[knggtrrz]

Yes it is only temporary that we have seen today that the price of bitcoin has risen rapidly and is no longer acceptable. Certainly at the end of the month the august will increase further until December. So let's just hold it and we're ready for $ 20,000 or higher in the next few months.

A lot of old investors are always saying this, that the price is temporary and it will rise again in the last quarter of the year. I am still patient and still holding some of my coins hoping to get good income soon.

[Xenoph0bia]

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.

Bitcoin is temporary.Bitcoin is just a cryptocurrency which is based on the concept of blockchain technology.It has a risk of getting hacked too.We cannot predict the future but it can happen that bitcoin can disappear from the market.Bitcoin is decentralised and so it is not backed by any central bank or government.This is the reason why some countries have also banned bitcoin.It is very volatile and its price is not able to rise from a very long time now.The demand of bitcoin is also falling now.

[Jupeter]

I think everything happens now has a reason bitcoin has always had a fud news and the investor was looking of it just hodl your bitcoin and wait for the comeback of it.

Well it is normal that the price of bitcoin is rapidly going down sometimes and i think the real reason is when some holder  is selling there bitcoin with a low price but even the value of bitcoin will go down it will still rise very high on the right time.

[bilyboy]

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.

[cryptocurrencyguru]

Bitcoin is gaining momentum and in other end losing it value at the same time due to fud news and panic selling

[peterpeterpeter]

I think the cause of dropping is lack of advertisement and insufficient knowledge of other person on how to use bitcoin and the beneficial form of it.
They only think that bitcoin is a scam.

[wolffy0216]

I think the cause of dropping is lack of advertisement and insufficient knowledge of other person on how to use bitcoin and the beneficial form of it.
They only think that bitcoin is a scam.

Well for me I think the main reason why bitcoin price is rapidly going down because of the manipulation of price in the market same also with the continues bad news involving the use of bitcoin.

[Kadal Ijo]

I'm sure the most influential factor in the falling price is the negative news about bitcoin, as we know that the more negative news today is that it makes people panic and sell bitcoins.

[Rufsilf]

I'm sure the most influential factor in the falling price is the negative news about bitcoin, as we know that the more negative news today is that it makes people panic and sell bitcoins.

As the bad news about bitcoin spread then that is when a lot of drama came in the market of bitcoin and a lot of people just started to panic sell their cryptocurrencies. It creates a pattern where people are afraid of losing more so they just keep selling and selling and that is the time for bitcoin to have a rapid dump of price.

[Btc_1856]

I don't know why people won't ask when the price increased from 2000$ to $20k and now they are asking why Bitcoin price is going down? See it is impossible to grow every time there are some specific boundaries to Bitcoin when you compared with the previous years. Sudden increases and Sudden drops are completely common wait patiently.

[greengirl]

Demand for use increases, capitalization will be higher. But if demand is low, capitalization goes down. That makes the waves Green and Red.

[AliciaHenry12]

There are reasons for the rapid price of bitcoin going down:

1) It's the Supply-User's Bridge. The Bitcoin protocol defined the amount of coin provided as 21,000,000 coins. Currently, only about 4 million Bitcoins are left to exploit, so Nobuaki Kobayashi, the trustee of the bankruptcy estate of Mt. Gox, selling large quantities of Bitcoin from the cold wallet out of the market, prices started falling sharply.

2) Do investors. When a well-known investor shares a positive view of Bitcoin or any other currency, their price will increase. On the other hand, when a world-famous name like Warren Buffett suggested that Bitcoin is like a 'rat poison', it would lead to a negative price tag.

3) Regulatory Issues. Besides the idea that legislation, legislation in the coding market is not good, hindering their development, there are still many opposite views. These two lines of argument do not give way to any party and do not produce any results. Specific regulations, tight, can affect in many ways negative/positive and different Bitcoin prices and Other types of electronic money. For example, earlier this year, China announced a ban on ICO operations, Bitcoin prices fell only 5%

[JessicaThomas58]

Any coin has rounds at the up and down but the increase in bitcoin is considered to be the most abnormal and sometimes the result of previous bitcoin prediction. As mentioned above, the bad news is almost also the forecast. Once the crypt market grows, information about the management mechanism applied will become more and more popular. The government's interest will be more and more concentrated on bitcoins as well as another crypto coins, as India has banned this form of business. Although this information will stir up the world market by moving to more open markets and there are no specific legal provisions, on the other hand, having legal authority will also help some. To build and purify the environment for investment in healthy electronic money trading.

In fact, there is no specific reason for the question "Why is Bitcoin lowering or rising?" That could be a combination of all the bad news such as Bitfinex and Tether getting prosecuted for allegedly engaging in illegal trading or that Facebook, Google, and Twitter prohibit ICO-related ads. or crystal, or criminal fines for fraudulent clients up to millions of dollars. Obviously, all these events affect the legitimate market trading of the market.

[Ashong Salonga]

I think everything happens now has a reason bitcoin has always had a fud news and the investor was looking of it just hodl your bitcoin and wait for the comeback of it.

In my opinion the price of bitcoin is going down because a lot of people is selling there bitcoin even the market is not in good condition and i also think that the other reason why the price of bitcoin is dumping is when some investor stops on buying bitcoin.

[Bionicgalaxy]

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

In my own point of view, the price of bitcoin is rapidly going down because a lot of people are selling their bitcoins and many countries started to banned bitcoin. That is why people had just stop buying and holding bitcoins. Hoping that bitcoin would raise its price again.