Reason behind this sudden fall of btc

[bitvalak]

Anyone knows the reason behind this sudden fall i listen some fud from Vietnam anything else going on
When moon ? 😢

it is happening a lot of fud, not just from Vietnam. Because there must be a purpose behind fud, maybe greedy. Because we know the amount of bitcoin will be thinner with more years

[sangungaji]

Anyone knows the reason behind this sudden fall i listen some fud from Vietnam anything else going on
When moon ? 😢

I think I tend to say that there is now a small correction in the bitcoin market and all altcoin in flats. Of course, the bad news itself feels. I think some big investors just bring their bitcoin to Fiat. This is a short period in which the market will play a bit of their position. Dont be panic, I believe the maeket will rise soon.

[Sam San]

Perhaps there are some reasons that we can not know,perhaps waiting for the legalization of bitcoin,because for countries and their governments it will be a difficult decision.

[SIHIN]

The reason is because there is exchange in korea has hack and it make the price of bitcoin and altcoin fall down. But i am very sure it will not take much time. Bitcoin will go up again.

[abonti]

I think there are many reason behind this sudden fall of btc.such negative news about bitcoin or some world event such as rising and oil prices and economic crises in some countries. other reason is that there is low demand in the market.

[ShantiMe]

I guess, the reason is, that a lot of people sold them to get money. They earned a lot with it, and not others hope that it will rise again soon, else they lost a lot of money.

[Camorra Dev]

It is only a little period of time that Bitcoin fall down and then rise up. It is a trade market. If somebody panic for that reasons, small reason, it means crypto is not  for you. It is a place of patience and calmness in your brain.

[EugeneReigns]

I think the reason for such sudden falls of Bitcoin price and other coins is manipulations and moves of the "whales" of the crypto market. They want to "squeeze" weak investors and traders, as well as those who just entered the market with hope to make fortune on undervalued BTC. The "whales" now have privileges. They have enough money to make BTC go up or down. And they do that for their own profit and in order to ensure that nobody else on this market can become reach in the same way as they did.

[letsfly]

There are several reasons why btc is falling. One of them is fear, uncertainty or doubt in short FUD. Lots of people are spreading fud , especially whales. They want btc to to be cheap so they can buy on a lower price. In connection, lots of newbies or people who already gain profits sold their btc at a cheaper amount.Thus resulted for btc to fall.

[ishinn99]

Anyone knows the reason behind this sudden fall i listen some fud from Vietnam anything else going on
When moon ? 😢

I think I tend to say that there is now a small correction in the bitcoin market and all altcoin in flats. Of course, the bad news itself feels. I think some big investors just bring their bitcoin to Fiat. This is a short period in which the market will play a bit of their position. Dont be panic, I believe the maeket will rise soon.

Yes, we need to believe and we need to stay positive to all that is happening right now. let's all think that this are only temporary and will recover again very soon, don't stop believing.

[feinter]

Anyone knows the reason behind this sudden fall i listen some fud from Vietnam anything else going on
When moon ? 😢

I think I tend to say that there is now a small correction in the bitcoin market and all altcoin in flats. Of course, the bad news itself feels. I think some big investors just bring their bitcoin to Fiat. This is a short period in which the market will play a bit of their position. Dont be panic, I believe the maeket will rise soon.

Yes, we need to believe and we need to stay positive to all that is happening right now. let's all think that this are only temporary and will recover again very soon, don't stop believing.

The first thing that happened, is the hacking of the South Korean exchange known as Coinrail that resulted in the theft of $40 Million worth of cryptocurrency. This then resulted in the cryptocurrency markets losing approximately $20 Billion in a matter of hours from the Saturday levels of $340 Billion.

[Leomarco]

As far as I know bitcoin falling now because of the exchange of korea that was hacked if not wrong bithumb who got hacked and when it was recovered that I do not know. But my bitcoin prayer will go up later this year and hopefully no more bad news will cause bitcoin prices to fall again.

[Chanock]

Anyone knows the reason behind this sudden fall i listen some fud from Vietnam anything else going on
When moon ? 😢

Maybe the big contributor of the price fall is panic selling of bitcoin holder. Due to this, it contributes a huge amount of supply in the market but the demand is not too high because of price fall. People are scared to invest money in bitcoin nowadays because of constant price fall. Also, people discourage to engage nowadays with bitcoin because of different bad vibes prediction and speculation to bitcoins price in the future. Through this, it causes negative impacts to the market that results in low volume od demand that of price fall.

[Ahmadarwani56]

probably because many bitcoin and newbie users are affecting the market.

[cryptoblue77]

In my opinion, this sudden fall is not without reason, some large financial institutions and other big players are trying to manipulate the whole thing. I am sure bitcoin would pump again in near future.

[zaizaiqa]

Do Not have any really big FUD at this moment like last time we have so many MLM coin and quite hot at that time.
So people was trying to buy btc to participate the MLM program. Currently we have bounty + airdrop (which is no need to spend money).
So that Btc will still fall or keep maintain at this price until have another trend.

[wilburwilbur]

There might be different set of events that happened to trigger the fall of bitcoin price (it should be temporary and bitcoin will go back to 10000USD + soon)
Let us just say combined negative shits about bitcoin
News like, illegal mining and no license of bitcoin miners: the miners are apprehended
Hoax spreading in social medias like Bitcoin is dead, bitcoin is a scam, invest your 5$ worth of bitcoin to make it 1 bitcoin (and found out it was a scam)
Or dumping of the whales

[Dudeperfect]

We are done with the correction phase and I believe that the fall was the part of the same process of correction. I am expecting the price to recover from the next month and we will see the positive momentum in the second half of this year resulting in a fresh all-time high level.

[vktrglbr]

I already want  Bitcoin died and the altcoins went to the freedom. Bitcoin is hard manipulated by whales,I thik so. A little moon mast be at July.

[jojohamasa]

The decline has many causes of them
Liquidity out of the market
And many other reasons
But what is important is how to deal with this situation
We have to be careful