Main reason for the price drop

[Tapyaks72]

In my opinion the main reason  that affects the value of Bitcoin is the investors.We people are responsible for the rise and falls in the value.We people often sell out our Bitcoin's whenever we hear something negative about it.This leads in a huge drop in the value.And whenever we invest in it more the value increases automatically.So we people are the main factor that affects the Bitcoin value.

Prices deepening is the the results of over reaction of investors which is new from  this business, uncertainty will cause them panic that causes them dump immediately even if they are  in the verge of loosing in addition to some bad news about bitcoin.

[Lazada]

We all will definitely feel disappointed when coin prices decline, but it will not be useful because the most important thing is that we can be patient with these conditions. There will be where conditions improve and we experience a change from a negative price movement towards positive price movements. We only need to wait and the results will certainly make us happy.

[Gadhoh]

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 ?

I read from several sources that many say this is caused by two countries, China and India, where both have large investors in bitcoin. The two countries agreed to temporarily close the access of this digital currency in order to improve the existing regulations, so it is only natural that the price of bitcoin has fallen sharply.

[weblouartisan]

In my opinion the main reason  that affects the value of Bitcoin is the investors.We people are responsible for the rise and falls in the value.We people often sell out our Bitcoin's whenever we hear something negative about it.This leads in a huge drop in the value.And whenever we invest in it more the value increases automatically.So we people are the main factor that affects the Bitcoin value.

Prices deepening is the the results of over reaction of investors which is new from  this business, uncertainty will cause them panic that causes them dump immediately even if they are  in the verge of loosing in addition to some bad news about bitcoin.

People who are panicking are those investors who are not well knowledgeable about how the market is working and that is the reason why they sell their coins at a lowest price every time the market is dumping.

[justspare]

In my opinion the main reason  that affects the value of Bitcoin is the investors.We people are responsible for the rise and falls in the value.We people often sell out our Bitcoin's whenever we hear something negative about it.This leads in a huge drop in the value.And whenever we invest in it more the value increases automatically.So we people are the main factor that affects the Bitcoin value.

Prices deepening is the the results of over reaction of investors which is new from  this business, uncertainty will cause them panic that causes them dump immediately even if they are  in the verge of loosing in addition to some bad news about bitcoin.

People who are panicking are those investors who are not well knowledgeable about how the market is working and that is the reason why they sell their coins at a lowest price every time the market is dumping.

Yes, traders got panic and took wrong decisions. There is nothing wrong with a price dropping or a price increasing hugely as this happens easily in every market which I want to believe anyone who is conversant with the way markets has always been would know better than to be worried about such movements as this knowing that every movement creates an opportunity either for buying during the dips or selling when everyone is getting greedy.

The price drop was normal though considering the nature of the market throughout last year which was expected to give birth to a huge correction and this is the correction we are having now. Even the increase in demand these days is fueled by manipulations and speculations, which makes it extremely hard to even get to understand how things have been tending for a while now and to know whether to be trusting in TAs or not.

[Edraket31]

In my opinion the main reason  that affects the value of Bitcoin is the investors.We people are responsible for the rise and falls in the value.We people often sell out our Bitcoin's whenever we hear something negative about it.This leads in a huge drop in the value.And whenever we invest in it more the value increases automatically.So we people are the main factor that affects the Bitcoin value.

Prices deepening is the the results of over reaction of investors which is new from  this business, uncertainty will cause them panic that causes them dump immediately even if they are  in the verge of loosing in addition to some bad news about bitcoin.

People who are panicking are those investors who are not well knowledgeable about how the market is working and that is the reason why they sell their coins at a lowest price every time the market is dumping.

Well, that is life, sometimes you tend to panic when the market price goes down and it is a normal feeling unless you are day trader when  you will find it interesting, you'll find it an opportunity for you to go and invest with bitcoin and some other coins that have potential value  in the future.

[Jamie Oliver]

Most people chose to sell encryption in exchange for cash, and the market decided to continue to fall, as did many funds and traders.

[fabrizoc]

Most people chose to sell encryption in exchange for cash, and the market decided to continue to fall, as did many funds and traders.

The main reason is that we sell in bear market as we look for getting little profit which is a wrong step as if high profit is achievable here then why we proceed for little profit. Whenever the price increases a little then we sell immediately which is our wrong attempt that is not letting the value of Bitcoin to go higher and besides these mistakes our expectations for bull market are useless.