Why the price of bitcoin rapidly going down

[leavefifa]

The price of bitcoin is rapidly going down , it might that the whales are continue to dumped huge supply of coins in the market ,because others also think of this happenning , and that there are a lot of supply of tokens in the market and makes the price value of all altcoins falling down too low.

I think thanks to the news in the G20 saying that they will discuss the benefits of cryptocurrency, bitcoin has restored its value and hopefully it can rise more.
Although the value of bitcoin will drop due to news from Google about the ban on cryptocurrency and ICO related advertisements. But not only that, Twitter and Instagram according to some articles also make these actions. Although that is unverified information but it makes a stir in the market so it has played a role in reducing the value of bitcoin.

No. The G20 has mentioned Bitcoin but is just out of the sidelines of the conference. The G20 nations' financial economists have had a swift discussion on Bitcoin issues but have not reached a common consensus. The issue of Bitcoin is still a big question for many people about the issue of legal existence. Hopefully in the future, major countries will have a common consensus on this issue.

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[KeepupSlim]

It's not going that rapidly now, it surfs between 5900 and 6300 dollars right now, it's altcoins that suffer the most at the moment.

[KorakPawon]

in the world of trade or business there is no lasting value, rising prices will not be forever nor will the price go down forever, both will only temporarily fold.
the point is whatever is going on be calm don't panic especially when the price goes down, the thing you should not do is panic.

[Vinalians]

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

As you notice the value of bitcoin this month is rapidly decreasing but sometimes it increased a little bit. We must consider that many FUDS are everywhere and people keep selling their bitcoins with the reason that they panic cause of the cheap value of btc. This will be temporary.

[BitcoinTurk]

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

If we look at this on a yearly basis, we see that there is a massive drop in demand, and it is a fact that the fall in demand reflects in proportion to the price. In addition, demand for the declining demand followed the period of the bull market and the era of the bear market. During this period, we can see that large investors, who have a good budget, decrease prices by selling intensively. Of course, after these sales, panic sales are starting and these investors have the opportunity to make new purchases at a lower price. On the other hand, there is a popularity that unfortunately the cryptocurrencies and Bitcoin has reached to a very low level on an annual basis. This is the case until the time comes, or when the market will recover, it is difficult to estimate it, but it is also inevitable that we will see the old market prices again.

[icreative998]

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

The most obvious reason is that Bitcoin prices are the strongest, which is the sell-off psychology from investors. Young trader and inexperienced trader easily fall into panic when the market shows signs of decline, followed by a wave of selling off and the situation becomes worse.

[Emigham7]

What goes up must come down. It a normal phenomenon in any kind of investment. Up a little and down a little. If bitcoin continue to climb up without shaking, then,there will be a terrible crashing down which may be very difficult to survive.

[Norihiro]

Now it is obviosly caused by SEC. They postponed the decision and supported bearish trend of last month.

[bizalaz]

The price of bitcoin is reduced without any fundamental factors. Now the fall is due to the manipulation of large traders, but soon I think the growth will start again.

[ogabonny]

No one can say for certain why the price is hitting lower when the reverse should be the case, I suspect it being manipulated by some whales

[ogabonny]

Now it is obviosly caused by SEC. They postponed the decision and supported bearish trend of last month.

The dip is ovbiously related to the SEC announcement, I would have expected people to HODL till September, not sell off.maybe the manipulation is towards the eventual ETF approval

[frankiemalton]

The scepticism surrounding BTC has led some experts to suggest the cryptocurrency market leader may have found a new bottom.

[Camster]

More sellers than buyers.  I do believe this is market manipulation though.  We just need to maintain through this rough patch until the manipulators are done manipulating. 

[maianh09]

I think the crypto billionaire is trying to create a big trap. They are building something that can help them make a profit. Things are going crazy, and things are getting worse for small investors, but it is fun for big investors.

[DgurJIupyf]

The price of bitcoin falls due to the fact that many people sell their bitcoins for Fiat and thus the demand falls. But in 2018 there will be a lot of good and positive news at the end of the year, so we are waiting for the market to stabilize.

[Raven91]

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

I think it is because some countries banned the Bitcoin. I'm not really sure. This may affect the price of bitcoin this year.

[Pinoyfan]

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

I think bitcoin prices are going down rapidly due to the impact of the economy. The world economy is going down and the number of people buying bitcoin is less. This makes the bitcoin prices drop sharply. Many large corporations do not want to invest in bitcoin making it drastically reduced.

[valisa]

I haven't read the news about cyrpto currency kanapa, the price has declined and almost all types of cyrpto currency have experienced, maybe it can also be caused by global economic conditions, but in my opinion the price decline is only temporary, we must be able to take advantage of the moment of price reduction by buying more bitcoin or altcoin

[Angna27]

I think this is the season of altcoins going down, or maybe many people spread bad news about bitcoin or they called FUD, we need spread good news about bitcoin and what bitcoin function and do in the future, because we know what can bitcoin do and function and bitcoin can help many people as their transaction payment mode.

[LigwagGanern]

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

Bitcoin price goes down rapidly maybe because it is about the economy. There are many people become afraid because of the government that bitcoin is increasing. They think that if they continue using bitcoin, they will trace by the government. But it is hard to trace the people who have bitcoin. Back to the topic, we all know that sooner or later the price of bitcoin increase again.