Why the price of bitcoin rapidly going down

[pokang13]

Yes because according to survey, the US Justice Department suspects traders are now manipulating BTC prices, an illegal practice in regular markets.

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[Arthurian60]

Nothing stays up forever. If the price of bitcoin is going down, it means that at one time, it was up before. There are down times and there are uptimes. We just have to stick to our best method of holding whatever we are trading

[xuzukami]

Today, a lot of people have lost confidence in the code, and they have abandoned the market to withdraw funds from the cryptographic market, now many sites statistics, the market is gradually falling, so the price of Coins continue to decrease not only btc

[jcarlo]

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

The value of bitcoin might go down but it would always go back to it's normal price since it is volatile. We as hodlers should never doubt bitcoin for changing it's value because it is a part of it's characteristic. It is always changing but it is all worth the wait for us hodlers.

Indeed, bitcoin price always high fluctuation and its very normal. We should hold our bitcoin for long term because when ETF approved by SEC and government regulation issued, I am believe bitcoin price will increasing

[cryptoguy1234]

This is an ordinary thing in bitcoin or even in the greater part of the digital forms of money, the fast going down of the cost. As I would like to think nobody realizes what is the correct motivation behind why this is going on to this industry. We can state that we have considerations or references that influences the development of the cost or esteem. Be that as it may, in figure this is only a rules for us not the genuine purposes for the developments. In the event that somebody knows the genuine purposes for those developments of cost or esteem I am basically certain that he or she will be the wealthiest individual in this universe. Yet, we ought to concede this is simply expectations and rules not the genuine reasons, we can accepted on what we think yet we ought to likewise regard the remedies of others.

[marsmyname]

It's part of the game in investment. If it keeps going up just like that, it will crash out of the market. Going up and down give it balances and makes it stronger.

That is how things work in the crypto market. You would never have a stable market and the ups and downs will be there forever for it regulates the demand for crypto upon a fall in the value of Bitcoin or a rise in stability. This is very important and activates the interest in the crypto. Besides, the price goes down due to imbalances in the market forces which is a phenomenon related to every market.

[Yunbalo]

It is hard for anyone to know the reason, in my opinion, the price shark's market price is likely to happen, the price of BTC in their opinion and we see that the market is constantly falling, but the time they are will be more.

[michellebson2]

The cryptocurrency has been plagued by the potential threat of regulation that could have left the investors unsettled. This contributed to Bitcoin's decline.

[lamroinhau09]

At present, the number of Bitcoins is up to 80%, with nearly 17 million Bitcoins "evaporated". Bitcoin mining has slowed investors' confidence, making the virtual currency more scarce in the market.

[acsaocham22]

Bitcoin futures traded at futures prices lower than spot prices are showing a decline in expectations for virtual assets such as Bitcoin. This can create a rapid sell-off effect on the market.

[macarong998]

One of the reasons why Bitcoin prices have fallen sharply is the growing interest of investors. At the time of the market, investors considered Bitcoin an extremely lucrative investment, so the price of BTC could easily recover after each drop as there were always new investors who wanted to buy Bitcoin at good rates. However, the present situation is far different.

[draacubile328]

The liquidity of electronic currencies has deteriorated, making it easier for the market to be manipulated by the hands of whales, including larger equity investors or investment funds.
The fact that a large number of BTCs are in the hands of these groups makes it possible for them to adjust the direction of the market to their liking.

[kosaymoive333]

The most obvious reason for Bitcoin's biggest decline is the sell-off of investors. Small investors and inexperienced investors easily fall into panic when the market shows signs of decline, followed by a wave of selloffs and the situation worsens.

[hannahboy]

bad news about bitcoin greatly affects bitcoin prices, because many people panic and sell it.but it can be a whale game that will buy at the lowest price by making fake news news,and about restrictions in various countries it could drop the price of bitcoin.

Yes it is very common now that we are hearing bad news about bitcoin, countries are restricting their people from using bitcoin, but it is also fact that it is a game of whales and they are really effecting the bitcoin price too much. I think that the currency dept is also because of their panic selling, in fact they want to buy bitcoin in a low price .

[moinguoi5c333]

No other way Bitcoin has to split itself into more coin types like Bitcoin, Bitcoin Cash, and Bitcoin Gold. When Bitcoin is competing for itself it has made the market unstable and creates unnecessary noise.

[Jingjess]

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

As we all know,this is just a common situation in bitcoin, the falling of bitcoin or sudden decrease of price is not permanent.sooner or later the price will be going up again.

[thithoikochoi123]

The trader who directly participates in the deal is the one who determines the price of the bitcoin up or down. With a scattered asset such as bitcoin, the human factor remains the key to determining the true price.

[Ryanpaul80]

Now they are back up, but the downside is that speculators have withdrawn capital when the BTC is at peak, they sell and do not want to speculate on the market.

[Conthongon234]

The number of people interested in Bitcoin as well as the number of trader access to the trading floor has dropped sharply. At present, the situation is still not good.

[hdheiiwo123]

Due to the increasing quality of bitcoin digging, large-format machines need to be renovated. That also makes the copper bitcoin decrease, but no one predicts it will continue to increase.