Why bitcoin still dropping?

[forumsehat]

Maybe the price of this bitcoin is due to the news of Facebook and Google who want to close the bitcoin from them, but you do not fear because this could be your opportunity to buy bitcoins at low prices, take the opportunity.

[1714182417]

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[1714182417]

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[sulec70]

several factors can cause bitcoin prices to fall, such as the prohibition of bitcoin use from a country. Economic, social, legal, political and other factors cause the decline of bitcoin prices. for that we should be able to see well the development of bitcoin with a broad insight about a condition in each country especially associated with bitcoin.

[Vannie12]

Because of events and spread by social medias.
Its either True or False news creating FUDs and causing g panic selling.

Well that must be the most common answers that roams every thread here. But honestly, this event might always take place. It quite irritates me reading g bunch of comments like this but somehow it always have a point. It is on repeat.

Well as we all know bitcoin is for worldwide use. Some countries might have banned it but it does not mean that they can not access it anymore.
The fact that it is universal, there are big issues that could occur anytime.
In a single country, there are hundreds of problems. How much more that it is being used by every country in the world right.

[PauloLuks]

There was a rumour in the market that popular crypto exchange Binance has been hacked in an attempt to influence Viacoin’s price. Securities Exchange Commission (SEC) issued a statement last month that cryptocurrency platforms should not be called by the name of exchanges since it creates an illusion of regulated activity. Investors are misguided in believing various online trading platforms to be SEC-registered and regulated marketplaces when they are not, SEC said. Even the Financial Services Agency (FSA) came out with a statement that domestic cryptocurrency exchanges will be suspended. All these factors lead to a dip in Bitcoin price.

[whoisyourking]

Hello good day!
I'm still confused about the value of bitcoin now.
Why still dropping rapidly?
Do you have any idea what is the main reason?
And what to-do? to unraveled this propositions.

Your opinions is highly appreciated .

There are so many factors why bitcoin price are droping example is regulations from other countries some country are banning bitcoin or doing a legal action about bitcoin. The second one is the supply and demand there are so many bitcoin that circulate but the demand are so low. The third one is media there are so many news regarding bitcoin lots of this news are negative this also a huge impact to its current value.

[TravelMug]

Hello good day!
I'm still confused about the value of bitcoin now.
Why still dropping rapidly?
Do you have any idea what is the main reason?
And what to-do? to unraveled this propositions.

Your opinions is highly appreciated .

Because investors keeps dumping their bitcoin that's why the price keeps dropping. As to what the reason behind, maybe they have lost trust on the ecosystem, simply cashing it out or they are afraid of the heavy regulations coming from the government. As what to do, if you have still faith in bitcoin, like most of us, you should just hold on your coin and wait till till the price bounce back in the next coming months.

[Sadlife]

There are many reason why bitcoin price is dropping. It's because of some exchanges in japan ceases it's operation, Google, facebook, reddit and other platforms are going to ban Crypto mining and ICO advertisement. US exchanges are being taxed by it's government. And some people are panic selling. We might see a bullish run after this events.

[udanemas]

Hello good day!
I'm still confused about the value of bitcoin now.
Why still dropping rapidly?
Do you have any idea what is the main reason?
And what to-do? to unraveled this propositions.

Your opinions is highly appreciated .

there is several factor that caused bitcoin dropped. supply and demand is major factor. the negative news also affeceted bitcoin.

[mustamin88]

I think this decline is caused by the lack of buyers in asia.
And many countries are starting to ban bitcoin.
one of which south korea has drafted rules to ban virtual currency trading last week.
this makes bitcoin prices and a number of other virtual currencies plummeted dramatically.

[alroys]

Bitcoin price is still down because supply is still a lot of demand, currently stocks of Bitcoin a lot because the sales are done by investors a lot at the time of the price of Bitcoin down lately. And currently there is no great demand for Bitcoin so the price is still stuck under and not yet able to rise. perhaps the second half of this year, new investors will invest more in Bitcoin. and at that moment maybe the price of Bitcoin will start to rise.

[sukma2013]

Bitcoin dropped dramatically as the user's interest in digital money began to shift to other types of digital money such as Ripple, Litecoin, to Ethereum.
Although these Bitcoin competitors are not very popular, they are said to have a potential that is not inferior to Bitcoin. This one Bitcoin competitor began to be developed since 2012 by former Bitcoin developers who from the beginning are considered to be a successor to Bitcoin. Moreover, Ripple has managed to become one of the payment system until remittances through banks around the world. therefore, Ripple is not just a mere currency, but also a system that allows each currency to be transferred or traded by anyone. these competitors are making bitcoin prices down

[meliodas]

Hello good day!
I'm still confused about the value of bitcoin now.
Why still dropping rapidly?
Do you have any idea what is the main reason?
And what to-do? to unraveled this propositions.

Your opinions is highly appreciated .

I've heard that bitcoin would dump to $4,000 because of this bearish trend and a lot of FUDs are happening in some countries like USA. We don't know when this will be over for us to sell our bitcoins and other coins to have profits in all of the hodl we made.

[Chachacoin17]

Hello good day!
I'm still confused about the value of bitcoin now.
Why still dropping rapidly?
Do you have any idea what is the main reason?
And what to-do? to unraveled this propositions.

Your opinions is highly appreciated .

Because investors keeps dumping their bitcoin that's why the price keeps dropping. As to what the reason behind, maybe they have lost trust on the ecosystem, simply cashing it out or they are afraid of the heavy regulations coming from the government. As what to do, if you have still faith in bitcoin, like most of us, you should just hold on your coin and wait till till the price bounce back in the next coming months.

Don't worry when those investors kept dumping, its a good signs that bitcoin will pump because the demands really increased so far. Even this showed a dumping stage, but I don't think so it will affect bitcoin to drop more ans hopefully this month it starts to pump slowly. However its hard to predict but we should hold for better future in order to have sustainable asset.

[arthur25]

Bitcoin dropping and dropping for less investors. The less investors the less bitcoin price value. Sometimes it goes down because there are whales beyond this cryptocurrency place. They are the reasons too why bitcoin decreases.

[wizmo]

Hello good day!
I'm still confused about the value of bitcoin now.
Why still dropping rapidly?
Do you have any idea what is the main reason?
And what to-do? to unraveled this propositions.

Your opinions is highly appreciated .

I think bitcoin is dropping because of some rumors and indian governement. I don't think it will drop anymore. I would advise you to stop worrying about the price and give a few months to earn some profit. Good luck

[passioncrypto]

Bitcoin is an inconsistent Cryptocurrency and it is very natural to have ups and downs in the price. But the price of bitcoin is conituously falling maybe because people are understanding the market situation wrongly and taking wrong decision being panicked which results to the downfall of the market. 

[jakagintiri]

Hello good day!
I'm still confused about the value of bitcoin now.
Why still dropping rapidly?
Do you have any idea what is the main reason?
And what to-do? to unraveled this propositions.

Your opinions is highly appreciated .

The cause of the current decline in bitcoin prices but does not show an increase, as unconfirmed rules yesterday made every country not to the bright spot between legal and illegal, they are still awaiting a decision so delaying to invest in bitcoin, of course, can hinder the movement for current rises, there is no consistency of market rise. Maybe this is actually inhibiting bitcoin, people are still a lot worried if investing from now on.

[Jerrycryptofield]

where man, i see it's growing. and it will grow more and more. just keep patience. and don't do panic. It will kill your inner peace. have patience for a while, we are gonna boom.

[richardsNY]

Bitcoin is an inconsistent Cryptocurrency and it is very natural to have ups and downs in the price. But the price of bitcoin is conituously falling maybe because people are understanding the market situation wrongly and taking wrong decision being panicked which results to the downfall of the market.  

Bitcoin itself is as consistent as ever, the market isn't. It's important to refer to the market rather than Bitcoin itself when it comes to inconsistencies, fear of regulations, etc. While noobie people say they lose confidence in Bitcoin because of the decreased price, others are using it as opportunity to enter the market at appropriate levels. If we also look at the mining difficulty this year, then despite the price that people here consider to be low, the mining difficulty itself has been increasing nicely. At the time of reaching the lowest point of $6000 this year, the mining difficulty jumped up with more than 10%! It kept increasing afterwards, and the next difficulty adjustment indicates a 9.5% increase. Doesn't seem like a lack of confidence, or does it?

[fabiorem]

Soros is cornering the market.

Hold until 2026.