Bitcoin DOWN daily whats the real reason ?

[Doell]

The real reason is to pump ,dont be fooled to sell and must be buy in low phase ,if you invest in a higher price better hold dude ,bitcoin down so fast in the last 3 months it will definitely take it to higher value in this year

[Pan Troglodytes]

I don't think that there is any reason you can single out. If you look at the history of bitcoin prices (or any investment vehicle, for that matter), you will see that after a period of relatively high prices (and we had such a period in December 2017 with prices at 20k levels) there MUST BE a period of calmer prices. With bitcoin, history shows us that it sometimes goes as much as 5x lower. So there is nothing strange and definitely nothing unexpected with the prices you are quoting in OP.

[nedeken01]

never sell it at a price lower than what you have bought it for because it will only help the whales if you sold the eth that you have bought from selling your bitcoins.

[cellard]

Please get some perspective, threads like this are the ones creating actual FUD.

Just look at the price:



In Bitcoin, all that matters is hitting higher than previous bottoms, this is called progress. The last bottom was $5900, early February. Time flies, and it looks like most people haven't realized we haven't gone under that price now for 2 months. The more time we pass above that price the more consolidated it gets as the final bottom, investors know this, which is why FOMO could kick in at any moment, and again, the more days we get above that previous bottom the higher percentages of FOMO being triggered on those waiting on the sidelines.

Forget about the extreme volatility, in Bitcoin that's just anecdotal and expected, at least until we are worth several trillion dollars so the market is naturally less volatile, and we need several trillion dollars to reach natural stability in a global, 24/7 open free market, until then just advantage of the big dips to accumula

[followmenot]

Real reason is very easy to understand. Bull market lasted like couple of years (even with small crashes/corrections) There won't be any market trends won't be followed by opposite of it. So bitcoin will be pulled.

[alval]

there are many variables cause the btc price is going down. first , the regulation of several countries prohibit and banned the crypto existence especially bitcoin. second, many FUD news outside there causes the panic sell among the holders and unstable circulation happening, truly create low demand and the price goes down significantly, and the last is fundamental news because the trading sector is sensitive against bad news or negative circumstances. it totally affected the BTC price goes down for several periods ago.

[Oceat]

Please get some perspective, threads like this are the ones creating actual FUD.

Just look at the price:



In Bitcoin, all that matters is hitting higher than previous bottoms, this is called progress. The last bottom was $5900, early February. Time flies, and it looks like most people haven't realized we haven't gone under that price now for 2 months. The more time we pass above that price the more consolidated it gets as the final bottom, investors know this, which is why FOMO could kick in at any moment, and again, the more days we get above that previous bottom the higher percentages of FOMO being triggered on those waiting on the sidelines.

Forget about the extreme volatility, in Bitcoin that's just anecdotal and expected, at least until we are worth several trillion dollars so the market is naturally less volatile, and we need several trillion dollars to reach natural stability in a global, 24/7 open free market, until then just advantage of the big dips to accumula

You seem to have a good observation and a technical analysis with your the chart and i found it useful specially when there's an obvious price manipulation that's going on in here. And here it is people are now starting to wonder what is going on and how did it happen. I think they are trying to trigger the FOMO to all of those who are waiting outside of the line. Those rumor spreading all over the internet about of this price manipulation are getting real and real as we obviously see the outcome of the price every now and then.

[ajochems]

Fluctuation in the price of cryptocurrency is very common one.Don't get any tense for that.For everything their is a day in the crypto market. When the price of bitcoin reach any high value, this is the day to sell.If the price reduce any lowest ,you have to use it to buy.

[richardsNY]

it totally affected the BTC price goes down for several periods ago.

People just point at fud and other 'negative' developments for the price to go down, but that's not the case at all. It's just the market that corrected itself to levels that are more appropriate and sustainable to fit in current picture. Bitcoin wasn't worth +$15,000 and isn't yet worth $10,000, which takes time. It's pointless to see the price shoot up ahead of its actual utility, even with knowing how speculative driven this market is. The only thing speculative peaks are good for is liquidating profits to buy back lower, and especially so with how obvious a correction was with an impossible to breach $20,000 level. The speculation around the future markets did it -- as soon as CME's market went live, down we went. In this market the price shoots up ahead of the day things are actually happening, and that once again was more than clear in this case.

[batang_bitcoin]

guys me sold my all btc and buyed eth before 5 days but now everything or every crypto is falling daily all graphs are down

You did panicked and sold your bitcoin for ETH, bitcoin's price is increasing now. This can be a lesson for so next time when we are on this type of down, you don't have to sell and buy the panic.

whats the real reason behind it anyone can say

Fake news(FUD).
Whales manipulation.
Panic sellers.

when will it will be stable and goes up ?

It can't be stable as it's volatile.

[lumeire]

- Not enough demand to soak up the supply
- FUD
- Manipulation
- Correcting from unsustainable pump to $19,000

Mainly the last 2 IMO. Our market seems mature enough to withstand FUD, so I suppose there's an invinsible hand sending downward pressure that keeps us so low.

[magneto]

There is no 'real reason'. Rather, there is a main reason.

And that is because bitcoin has come off a huge price hike last year, and this year the cycle has turned bearish. Of course, this has been assisted by the fact that there is a lot of negative media coverage around bitcoin during the last few months as well. But the main reason is still just the fact that we're in the bust stage of the boom-bust cycle for price.

And since BTC is going down, it's taking other cryptos down with it as well.

I would not worry much, since long term growth for BTC is still pretty much guaranteed imo.