Main reason for the price drop

[mawinter]

They reason why cryptocurrency market drops is because of they inability to adhere to investors complaint thereby not giving investors 100% trust and assurance that there money won't be hacked,crypto is going to rule the world

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[Maximo1]

I read some news this last week, and there is some indication of wash trading and spoofing going on, so the prices are dropping.

Do you think this is the reason, or the movements of the market are normal ?

There are many things that can affect the price of the cryptocurrency,fake news ,big whales and any type of hype  can affect the value either  good or bad,so before you dismiss something as hype,remember that hype moves markets too.

[tiennmit]

I'm reading for trade bitcoin and eth, but I hope trade for me...

[dekcutbusu33]

If I think the price drop is a correction that erases the initial panic by investors. Investments for the year have been uncertainty in the market since the beginning of the year after Bitcoin hit its highest level. Also a lot of fake information came out a few weeks ago, but this information makes people panicked and many are afraid to sell all Altcoin which causes the market worse.

[bitcoin31]

The reason why the price decreased because most of the news now are negative about bitcoin so that's why the people who see this sell their bitcoin because they are panicking and even the other people who have interest to invest are not interest because of that kind of news.

[futuret]

only one reason, the price is heavily going down because of the fud, and a lot of people are just following those signals to buy back lower

This is not a only reason in price drop because lot of opposition is comes in the market but Bitcoin is struggle the every problem then back to form. So main reason is whales and bad rumours of cryptocurrency then peoples are panic to invest in this platform automatically supply and demand is reduce in the market.

All of them are really remarkable reason for the price drop, whales are trying to keep on this price drop because they knows after this all small and inexperienced investors will sell their coin for lowest price, so they will get a chance to enjoy a lot of coins for cheap price, but if we will stop listening them and selling at panic our coin then the bitcoin recovery will get faster and we will have good profit.

[@bamaricibo]

Since there are so many pennies out there, they can produce effects, and the competition between coins is quite high. This has taken away some investors so the price of the altcoin is always down.

[daringkhan30]

Cryptocurrencies (CC’s) are at the mercy of the speculator. Turn that pressure cooker down and speculators bail, selling rapidly. Unlike a share in a traditional company such as Ford, valuation is impossible.

[@baracitamon]

Now that the whales have withdrawn capital from the Crypto market, that is the main reason for the altcoin price cuts, but in the future, they will pump in. The market will rise again.

[dadabosade67]

yes there is. This crypto world may fall anytime soon. Nothing can be told now as only the whales know what will happen next. So right now practice how to think like a whale

[katiecbell]

I read some news this last week, and there is some indication of wash trading and spoofing going on, so the prices are dropping.

Do you think this is the reason, or the movements of the market are normal ?

There are many things that can affect the price of the cryptocurrency,fake news ,big whales and any type of hype  can affect the value either  good or bad,so before you dismiss something as hype,remember that hype moves markets too.

Price drops if people buying rate reduces and decreases which has direct affect on the value if Bitcoin and similarly other coins also act the same and alters with their demands.

The current market indicates that demand rate has decreased which has brought decrease in value of Bitcoin and will improve surly if the demand rate increases. People are worried about it but they should wait for the price to go high with increase in demand rate.

[backspace jejel]

it could be that is the reason why the value of crypto currency is down, another reason why its value goes down because of the many fuds scattered so many people withdraw their money from crypto

[sumanto]

it seems that the main reason why bitcoin prices fall is because of bad news that attack bitcoin prices that make traders panic and sell their assets at very cheap prices.

[Morgann]

I read some news this last week, and there is some indication of wash trading and spoofing going on, so the prices are dropping.

Do you think this is the reason, or the movements of the market are normal ?

The market prices is based on supply and demand so obviously, there are more people today who prefer selling their coins more than holding it or others are not good enough to handle their patience and they sell their coins at its lowest price.

[s31joemhar]

 I think the most appropriate reason of the price drops it
because of the changes of the law of the demand that happened in the market or public, and it is a good opportunity to be grabbing of.

[Huawei8877]

The main reason for the large drop in the market is the rapid growth at the end of last year, a very dangerous situation now because the market does not move in any direction.

[evichi]

Some factors that nay be causing Bitcoin price drop:
1. People being sceptical about Bitcoin
2. High volatility in value
3. Government regulations of some countries
4. Doubt about the future of Bitcoin and cryptocurrency in general
5. Fear of wallet being hacked
The above factors, among others, impact people's. view  negatively thereby affecting Bitcoin price.

[jonatuzc]

Since there are so many pennies out there, they can produce effects, and the competition between coins is quite high. This has taken away some investors so the price of the altcoin is always down.

Not only altcoin but the general market is facing the same situation. Bitcoin is down, ETH and some other altcoin are down. This is not just because the investors pulled out.

This is also because we have had banns on crypto in different which dramatically reduced the demand and hence prices. The intervention of government regulation and the activities of Whales are the basic factors hwy the market is down.

[Rrita]

Decentralized Crypto Exchange Bancor Hacked (source Cointelegraph) https://cointelegraph.com/news/decentralized-crypto-exchange-bancor-reports-security-breach-remains-down-for-maintenance  For this hack the market is again down. 

[googs84]

I would rather says it’s versatile factors which affects the price of bitcoin. You will know exactly what’s the cause when you see the drastic price movements for it. When you see such movements then you realise the news in the market and can be sure whether it’s just natural cause or the artificial dumping and stuff like that. That’s why volatility is always incremental for the bitcoin as more and more factors are getting added into the list for its movement.