Why of Bitcoin has dropped below USD 6800 today

[PAES23]

it's just one of the characteristics of bitcoin, volatile. There are so many possible reasons for bitcoins low price, It’s just time to hold for bitcoin for now and wait for the price to go up.

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[burky155]

i don't see any valid reason here, all i see is people trying so hard to explain what they don't have any explanation for and in the end come up with anything they can just so that they have had a reason to satisfy their own mind. the reality is there is no reason for the recent drops and it has been like this for a while which is why many are staying away until market becomes more logical then they will invest back in.

Totally agree with you on this. There is no valid reason. I don't think that so much people really understand the cryptocurrency or blockchain meanings.. I think there is no reason or explanation about drops or rises.. I believe in luck and timing situations actually..

[Renal]

The bitcoin market in the past month has dropped in price because of the large number of investors who sell the bitcoin they have and maybe this is the cause of bitcoin price decline. And if we have big capital this will be our chance where we buy bitcoin and sell it as bitcoin increases.

[thegreatdodoy]

Here is the explanation, After a period of relative stability between USD 8000 and USD 9000. The value of butcoin fell to below USD 6800 today.

The stable price of this virtual money has shifted since mid-December when it hit a record high of more than 19,850 dollars. The value of bitcoin dropped shortly before Christmas by almost being at 2 thousand dollars in just one hour at a point. Also, almost slipped under 11 thousand US dollars.

Then its value goes back up, before falling again in mid-January and early February. In March the decline in bitcoin prices was below 10 thousand US dollars and reached a low of 6,500 US dollars, before soaring above 7 thousand US dollars.

Experts say the cause of bitcoin degenerates is the unclear prospect of regulation and a series of profile thefts have contributed to the decline in bitcoin values ​​in the cryptocurrency exchange. Google which released the announcement will prohibit cryptocurrency ads on its pages since June is also a major blow to the sector.

Meanwhile, last year's rise, bitcoin caused an increase in interest rates in other digital currencies such as ethereum, litecoin, and more. Now more and more people are looking for ways to invest in digital currency.

However there is a serious fear of bitcoin can explode at any time. Many financial experts have advised potential investors to avoid bitcoin and the United States Securities and Exchange Commission has notified the public to be careful of fraud.

I think the reason why bitcoin still not recovering but instead it will continue drops it's market value to $6719 today and may be this is due to many people today continue making negative speculation about bitcoin.

[Nakakapagpabagabag]

The bitcoin market in the past month has dropped in price because of the large number of investors who sell the bitcoin they have and maybe this is the cause of bitcoin price decline. And if we have big capital this will be our chance where we buy bitcoin and sell it as bitcoin increases.

For me the main reason why bitcoin drops price is because it is volatile and its normal, means that the price of bitcoin is changing rapidly and its unpredictable to know if its going to increase or decrease. The decreasing of bitcoin price have good and bad effect, good in terms of you can buy more bitcoin now and then wait for the price increase, to get bigger profit, bad in terms of the investor also decreasing because they are selling their bitcoin because some think that it will continuously decreasing and it will not be able to bounce back.

[Slow death]

[...]

I did not see anything convincing about your post, however I believe the reason behind the price drop is:

Buy the FUD: Mainstream Media Convinced Coinrail Hack Caused Crypto Price Plunge

All of Top 100 Cryptocurrencies See Red Amidst CFTC Price Manipulation Probe

Today I sold all my cryptocurrencies. Because I think that bitcoin will drop to 5000 dollars. And all market will be red.

then you are in the wrong place because if the price of bitcoin drops and you immediately sell because you are panic, then you are definitely in the wrong place because this is a long-term investment. When I say long term I am referring to at least 2 or 3 years just holding. If you hold for 2 or 3 years, you will not worry about price fluctuations

[allycn]

Bitcoin and other cryptocurrencies dropped because of the exchange Coinrail (based on South Korea) was hacked.
Maybe they lost around 40 million dollars.
Such hack will, surely, affect the cryptocurrency market and make it fall.
It happened before and the recovery will take few days.

I had not checked my portfolio for the past few days and was shocked when I saw the prices today as I had not see everything drop that low in a while. I had never heard of CoinRail exchange, but I could see how a big hack could damage the market. I hope it doesn't take that long for BTC to recover.

[Taki]

People say that the fall is cause of an exchanger hacking, lot of money in coins was stolen and it follow the drop. Many people look at this as on the opportunity to invest. Currently as I see the market is recovering. The only thing I care about when we are going to see 40000$ per BTC which so many people promise by the end of the year? The market seems bear one and the half of the year has passed already.

[Skieleton]

i don't see any valid reason here, all i see is people trying so hard to explain what they don't have any explanation for and in the end come up with anything they can just so that they have had a reason to satisfy their own mind. the reality is there is no reason for the recent drops and it has been like this for a while which is why many are staying away until market becomes more logical then they will invest back in.

I agree, everyone just guesses what and why. It's enough to read it. This is normal market behavior. The prices will return to a haughty level with only a little patience.

[micher143]

i don't see any valid reason here, all i see is people trying so hard to explain what they don't have any explanation for and in the end come up with anything they can just so that they have had a reason to satisfy their own mind. the reality is there is no reason for the recent drops and it has been like this for a while which is why many are staying away until market becomes more logical then they will invest back in.

That's right, maybe this is only natural or normal part of it's system which dumping and pumping portion and nothing can be surprising in the current situation. But we can't blame others why they are so many negative thoughts to their mind maybe it's because they felt nervous and scared now because of the continuously dipping. However, we don't have something to do with that just for one thing and that is keep holding and patiently wait for the rising up that surely will happen.

[senin]

Bitcoin and other cryptocurrencies dropped because of the exchange Coinrail (based on South Korea) was hacked.
Maybe they lost around 40 million dollars.
Such hack will, surely, affect the cryptocurrency market and make it fall.
It happened before and the recovery will take few days.

Yes, many associate the general fall of the crypto-currency market over the past two days with the breaking of private wallets on the little-known exchanger Coinrail in South Korea and the abduction of four types of tokens totaling more than $ 40 million. Among the stolen tokens - PundiX (NPXS) worth 19.5 million, NPER, Aston and a little Tron. These campaigns themselves were not affected. The wine falls on the crypto-exchanger. At the request of the police, the PundiX campaign blocked the transactions of its tokens.
However, it is unlikely that this hacker attack could have affected the overall depreciation of all the Crypto currency.

[Veterock]

there is a feeling that someone really wants to lower the price to the very minimum and buy up all assets at a bargain price)

[Audy jazz]

Here is the explanation, After a period of relative stability between USD 8000 and USD 9000. The value of butcoin fell to below USD 6800 today.

The stable price of this virtual money has shifted since mid-December when it hit a record high of more than 19,850 dollars. The value of bitcoin dropped shortly before Christmas by almost being at 2 thousand dollars in just one hour at a point. Also, almost slipped under 11 thousand US dollars.

Then its value goes back up, before falling again in mid-January and early February. In March the decline in bitcoin prices was below 10 thousand US dollars and reached a low of 6,500 US dollars, before soaring above 7 thousand US dollars.

Experts say the cause of bitcoin degenerates is the unclear prospect of regulation and a series of profile thefts have contributed to the decline in bitcoin values ​​in the cryptocurrency exchange. Google which released the announcement will prohibit cryptocurrency ads on its pages since June is also a major blow to the sector.

Meanwhile, last year's rise, bitcoin caused an increase in interest rates in other digital currencies such as ethereum, litecoin, and more. Now more and more people are looking for ways to invest in digital currency.

However there is a serious fear of bitcoin can explode at any time. Many financial experts have advised potential investors to avoid bitcoin and the United States Securities and Exchange Commission has notified the public to be careful of fraud.

It seems that bitcoin is experiencing a crisis of confidence, many people who think bitcoin will fall and die, so they prefer to sell before they think it will happen.

[Elachious12]

The fall of Bitcoin is unexplainable to me the law of demand and supply is just what I believe about Bitcoin, I am an Economist I always view such cases from economic perspective

[Cryptogenes]

I strongly believe that the fall in prices now is a preparation towards the bull market to come. All I see this time is opportunity to buy more coins at a cheaper price. The good times will be soon so we have to prepare.

[Kez1817]

   Everyday people always finding the reason why bitcoin dropped down. Always remember that the primary factor that affect the changes of bitcoin is is the demand and supply. And instead of finding more answer about dropping of price in the cryptocurrency market let us just grab the great opportunity now to buy in a cheapest price to have more investment for the future. Remember also the more you invest ,the bigger return in profit.

[nicolaz.zhu]

How to avoid fraud, hackers and so on, for the case of exchange that in korea hit by hackers and at that price bitcoin decreased. Are there any apps that actually secure wallet or exchange?