What is making btc price going down?

[sofiasalmon]

I've been observing  the market for a longtime  it’s now about a year .  in your opinion,  what is main culprit of decreasing the price of  btc so dramatically  ? Are you expecting the price to go up dramatically soon ?

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[Brigalabdis]

I've been observing  the market for a longtime  it’s now about a year .  in your opinion,  what is main culprit of decreasing the price of  btc so dramatically  ? Are you expecting the price to go up dramatically soon ?

In my thoughts, bitcoin dump because of some reason especially about the issue in South Korea.  The price must be cheaper so the holders sell their bitcoin or any coin whatever they have.  When they panic to sell, they didn't think what they've lost because they afraid of losing more profit.

Actually, i don't know what happen why it is still cheap because it is long time ago when the price must be go now.  In my perspective, the price of bitcoin must be grow and it is the good opportunity to buy more bitcoin.

[btsjungkook]

Law of demand and Supply. When many investors purchase coins it will definitely increase its price meaning high and demand. When many investors will sell it means the increase in supplies is higher than the demand for the coins. There are also many factors that influence such as the increase in sales of other altcoins that also reduce the demand for bitcoin because they buy more altcoins than bitcoin itself.

[ahrispool]

harsh regulations on cryptos are making price down. but as the regulation gets concentrated on the crime side, the price will increase, I think.

[MinerHQ]

I've been observing  the market for a longtime  it’s now about a year .  in your opinion,  what is main culprit of decreasing the price of  btc so dramatically  ? Are you expecting the price to go up dramatically soon ?

In my thoughts, bitcoin dump because of some reason especially about the issue in South Korea.  The price must be cheaper so the holders sell their bitcoin or any coin whatever they have.  When they panic to sell, they didn't think what they've lost because they afraid of losing more profit.

Actually, i don't know what happen why it is still cheap because it is long time ago when the price must be go now.  In my perspective, the price of bitcoin must be grow and it is the good opportunity to buy more bitcoin.

I don't think only because of South Korea bitcoin prices came down but along with that many governments started to regulate crypto trading exchanges and some governments don't know how to do it so they are banning crypto trading itself. For example, in India, after sometime investors can't buy and sell through their bank accounts so don't know how these exchanges can survive and it is nothing but a in-direct ban on crypto trading. All these things making investors take a back step and to monitor the situation so less demand for buying now.

[andylioe78]

very simple, The reason for the decline in bitcoin prices is the sale of bitcoin and the harsh rules about bitcoin make the price down.

[Dondont]

right now, actually, its the moment when we should buy bitcoin, if you're already have it, then just hold it.
bitcoin for next days maybe will keep being like this till all bad news about crypto and bitcoin are gone, the big point that affect to the market condition is a news about bitcoin and crypto itself.

just a good news and make it daily/weekly news then im sure bitcoin will reach its ATH again.

[Jerald]

Why is the price of bitcoin low? because of the huge TAX that happened in the United States, but we should not worry about the bitcoin price now because the tax payment has already been paid to the united state and is expected to grow and your return price is high bitcoin on April 17 according to Tom Lee's prophecy.

[378budiman]

The reason for the decline in bitcoin prices is that some time investors can not buy and sell through their bank accounts so do not know how these exchanges can survive and that is nothing but a direct ban on crypto trading. All these things make investors take a step back and monitor the situation so that less demand to buy now.

[passwordnow]

I've been observing  the market for a longtime  it’s now about a year .  in your opinion,  what is main culprit of decreasing the price of  btc so dramatically  ?

The whales who are manipulating the price are the main culprit but they are also helping the price to get higher after they took profits.

Are you expecting the price to go up dramatically soon ?

Yes I'm expecting the price of bitcoin dramatically very soon, let's wait for few more days.

[Dudeperfect]

We have seen a price fall because the price level of $20K was artificial and hence when big whales (institutional investors) decided to take the exit from the market, it resulted in a correction and now price is falling. However, I believe that we will see the recovery in the price from this month and I am also expecting a fresh all-time high level in this year itself but it will happen at a sustainable growth rate and not dramatically.

[smileflowers]

some government policies are unfriendly to bitcoin . people are losing faith in the market . they started selling bitcoins . such as,  a tax on bitcoin, trading is prohibited . its price will come back in May .

[liuqi]

some government policies are unfriendly to bitcoin . people are losing faith in the market . they started selling bitcoins . such as,  a tax on bitcoin, trading is prohibited . its price will come back in May .

If you said some government policies are unfriendly to Bitcoin so peoples are drop the investment. But every year first 3 to 4 months only it is happening in the market. I think some big whales are collapse the market. So we don't blame the government because countries are always protected our environment and economic status so regulations are happen in anytime. We should always trust the Bitcoin it will never down in the market.

[vhiancs]

One of the reasons for the decline in bitcoin prices in the market is the lack of demand and because of some critics against crypto currency such bitcoin currency. But also says a few here in the forum, one of the reasons for bitcoin's price drop is that whales make a way to lower the bitcoin price so they can buy at low cost and fill their pockets they will create a way to increase the bitcoin price so they can sell their funds at a higher cost. It is not posible right?

[Fuhre]

from early 2018 the bitcoin price is not very good, more down than up. that's because it covers some three things like,
first, Toward the Lunar New Year that occurred several months ago.
Secondly, the new rules are made in Germany.
third, Punishment for Cryptocurrency trader in South Korea.
as far as I know, to date there is no indication that the value of cryptocurrency will rise or fall. however, IMO most likely in late April there will be a new trend where Cryptocurrency exchange rate will rise again.

[batang_bitcoin]

what is main culprit of decreasing the price of  btc so dramatically 

In my opinion these are the FUDs, government bans, massive panic sellers and the whales.

Are you expecting the price to go up dramatically soon ?

We are at the $8k line and I'm sure of that there will be a sudden rise that we are expecting that will allow itself to sit to another support price. I've been always expecting bitcoin to give a nice price after a correction so as a holder it makes me calm.

[Kizaki]

I've been observing  the market for a longtime  it’s now about a year .  in your opinion,  what is main culprit of decreasing the price of  btc so dramatically  ? Are you expecting the price to go up dramatically soon ?

Most likely it's the whales who are playing around the market, followed by FUD and newbies and weak hands selling their bitcoin and holdings out of FUD. If you have been to crypto for a long time you will have your own judgement and this kind of market will be a good opportunity to buy more. Panicking will result to losses.

[TwSeventh]

just like what other people said,
most of it because of manipulation by the whales in order to get profit from their position either short or long.
but some of them might be trying to increase the demand so we can keep moving up just like what we did before.
logically speaking when Bitcoin's price went down just like before people did not hesitate to buy it because it's an opportunity in their eyes.
because of that also the whales trying to increase the demand so Bitcoin can be distributed widely and moving up so easily just like before and at the same time creating an opportunity for a newly investor.

[onecall123]

I've been observing  the market for a longtime  it’s now about a year .  in your opinion,  what is main culprit of decreasing the price of  btc so dramatically  ? Are you expecting the price to go up dramatically soon ?

The present scenario of that crypto industry is manipulated by whales and some shit institutions. Time will be the only judge thus Bitcoin price about to go up in the meantime.  It looks to me, more heading up.

[1Referee]

In my opinion these are the FUDs, government bans, massive panic sellers and the whales.

People like to believe that, but it's just regular selling pressure after a crazy bull run backed up by nothing but hype. I do however believe that the insane load of rubbish news did somewhat accelerate the correction, and probably made it bottom out sooner than usual. It's no longer coincidence that after a major increase, when a correction is about to kick in, suddenly we get flooded by negativity. It's a well coordinated attack to achieve what market movers want to achieve, which is sell near peak levels, buy back around bottom levels, and repeat. While noobs keep panic selling, whales have more than doubled their coin holdings. This very well explains why just like in the regular non crypto economy, the gap between poor and rich is only growing larger.