what are the causes of the continuous plunge in Bitcoin?

[Ezenwanyi]

The causes are not far fetched.
There is the big market players factor: prices are being manipulated by whales.

Unfounded rumour about government interference.

Negativitity from investors and traders.

Spreading of fud.
The high volatility nature of bitcoin.

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[brotherwood12]

the bad news , also the issues that market being hacked and everyone will make everyone fear to hold bitcoin , that the causes of plunge in bitcoin i think

[omonuyak]

The market most follow the way it went up down and of a truth we have to prepare for this. Last year we were saying why is the market going up the way is doing and many were saying then that we should expect a fall.

[noah tall]

Well, it's almost always because of supply in the market. The more supply people have in the market, the lower the price is. When people sell their coins it contributes to the price going down. That is why we should just hold in to our coins, the more people buying and holding the higher and more stable the price is.

Sensitive time people are very alert. Unconscious rush leads to poor results. Need to create your habits to adapt to the market. The best way for the unprofessional, it should store it to wait more time to sell.

Well, like you said with unprofessional and reiterating on that, we all know there are a lot of unprofessional investors in the space who simply do not have any idea on how to go about investing in a market or not. This has made it so easy for manipulations to be a norm of the day as well anyway.

At least, for someone that is investing for the future and understands the importance the space brings, they will find it easy to HODL. The continuous plunge so far still balls down to the manipulations as well as a lot of weak hands in the market. It was expected after the last year's bull run anyway and we all know how it could not be sustained.

The major factor that I can pinpoint here is more or less like that weak investor factor where a lot of people were trying to get rich overnight, the price skyrocketed with no basis except for everyone trying to get greedy and before you know it, things started changing as the whales dump on the market, little negative news starts driving weak hands out of the market even at loss and then we just are trying to find a bottom now.
Market that is driven based on speculations will always act this way.


[Zarfund]

Well, it's almost always because of supply in the market. The more supply people have in the market, the lower the price is. When people sell their coins it contributes to the price going down. That is why we should just hold in to our coins, the more people buying and holding the higher and more stable the price is.

Sensitive time people are very alert. Unconscious rush leads to poor results. Need to create your habits to adapt to the market. The best way for the unprofessional, it should store it to wait more time to sell.

Well, like you said with unprofessional and reiterating on that, we all know there are a lot of unprofessional investors in the space who simply do not have any idea on how to go about investing in a market or not. This has made it so easy for manipulations to be a norm of the day as well anyway.

At least, for someone that is investing for the future and understands the importance the space brings, they will find it easy to HODL. The continuous plunge so far still balls down to the manipulations as well as a lot of weak hands in the market. It was expected after the last year's bull run anyway and we all know how it could not be sustained.

The major factor that I can pinpoint here is more or less like that weak investor factor where a lot of people were trying to get rich overnight, the price skyrocketed with no basis except for everyone trying to get greedy and before you know it, things started changing as the whales dump on the market, little negative news starts driving weak hands out of the market even at loss and then we just are trying to find a bottom now.
Market that is driven based on speculations will always act this way.


I think whales play a major role in pump and dump of the bitcoins.

[billygarrison]

there are so many causes of falling bitcoin prices, I think those who managed to buy bitcoin at low prices and sell them at high prices and hackers who managed to steal bitcoin on bitcoin mining sites and cryptocurrency markets

[Ferry22]

The price of bitcoin continues to fall because people panic so they sell their coins, the more people who sell coins, the greater the supply of bitcoin, while the demand for bitcoin decreases because of the current situation which causes investors to lose interest, even if we want to invest this is time that is very appropriate.

[jamids]

there are so many causes of falling bitcoin prices, I think those who managed to buy bitcoin at low prices and sell them at high prices and hackers who managed to steal bitcoin on bitcoin mining sites and cryptocurrency markets

Yes, I think those are also included in the reasons why the market plunges. Other reasons would be that those who buy at high prices and seeing the price continue to go lower, they are afraid they would lose more that's why they would decide to just sell their coins and wait for the market to become stable while others would just leave the market permanently seeing that the price may not be able to recover. Those red candles are scary but for those who are in the market for a long time, it would be the opportunity to buy.

[promich21]

Well, it's almost always because of supply in the market. The more supply people have in the market, the lower the price is. When people sell their coins it contributes to the price going down. That is why we should just hold in to our coins, the more people buying and holding the higher and more stable the price is.

Sensitive time people are very alert. Unconscious rush leads to poor results. Need to create your habits to adapt to the market. The best way for the unprofessional, it should store it to wait more time to sell.

Well, like you said with unprofessional and reiterating on that, we all know there are a lot of unprofessional investors in the space who simply do not have any idea on how to go about investing in a market or not. This has made it so easy for manipulations to be a norm of the day as well anyway.

At least, for someone that is investing for the future and understands the importance the space brings, they will find it easy to HODL. The continuous plunge so far still balls down to the manipulations as well as a lot of weak hands in the market. It was expected after the last year's bull run anyway and we all know how it could not be sustained.

The major factor that I can pinpoint here is more or less like that weak investor factor where a lot of people were trying to get rich overnight, the price skyrocketed with no basis except for everyone trying to get greedy and before you know it, things started changing as the whales dump on the market, little negative news starts driving weak hands out of the market even at loss and then we just are trying to find a bottom now.
Market that is driven based on speculations will always act this way.


There's many reason,for some people bitcoin is illegal if you use bitcoin you'll get arrested by government peoples are scared and they don't touch bitcoins if people stop using it then no one will buy it which case the seller supply will be increase but when no one buy it is demand decrease.

[MMS2017]

Crypto market is plunge by many factors and not only bitcoin but all crypto price plunge while in the present time bitcoin is still good and it is fact that rise and fall is random which shows the activities in crypto and through this demand and supply of particular coins also find out. In these days once again bitcoin is showing a rise in the price.

[Commotheon]

Well, it's almost always because of supply in the market. The more supply people have in the market, the lower the price is. When people sell their coins it contributes to the price going down. That is why we should just hold in to our coins, the more people buying and holding the higher and more stable the price is.

Sensitive time people are very alert. Unconscious rush leads to poor results. Need to create your habits to adapt to the market. The best way for the unprofessional, it should store it to wait more time to sell.

Well, like you said with unprofessional and reiterating on that, we all know there are a lot of unprofessional investors in the space who simply do not have any idea on how to go about investing in a market or not. This has made it so easy for manipulations to be a norm of the day as well anyway.

At least, for someone that is investing for the future and understands the importance the space brings, they will find it easy to HODL. The continuous plunge so far still balls down to the manipulations as well as a lot of weak hands in the market. It was expected after the last year's bull run anyway and we all know how it could not be sustained.

The major factor that I can pinpoint here is more or less like that weak investor factor where a lot of people were trying to get rich overnight, the price skyrocketed with no basis except for everyone trying to get greedy and before you know it, things started changing as the whales dump on the market, little negative news starts driving weak hands out of the market even at loss and then we just are trying to find a bottom now.
Market that is driven based on speculations will always act this way.


The other thing is it can be banned now days many countries are trying to take it down it the big effect which is now disturbing its price.

[Kevin77]

The price of bitcoin continues to fall because people panic so they sell their coins, the more people who sell coins, the greater the supply of bitcoin, while the demand for bitcoin decreases because of the current situation which causes investors to lose interest, even if we want to invest this is time that is very appropriate.

Well, it is not just about people panicking, we also have to understand that people got greedy as well at some point and this is more like the ripple effect of a greedy market. It happens everywhere when it comes to people participating in FOMO, and there is no way a market would go so huge, that at some point it won’t reach a stretched state and therefore would need to correct.

Every market is bound to face it and I wonder why a lot of people make it sound like it is only applicable to the cryptocurrency market alone. Moreover these types of falls are not new for crypto market by any means because bitcoins reached $1200 levels for the first time in 2013 and then setting up then ATH by 2017 only. In between time, it went as low as $180 in 2015. It is just cycle of every market and crypto markets are not an exception here.

[ngalamunan]

The causes are not far fetched.
There is the big market players factor: prices are being manipulated by whales.

Unfounded rumour about government interference.

Negativitity from investors and traders.

Spreading of fud.
The high volatility nature of bitcoin.

the problem is Bitcoin Scalability. Talking about the reason why the price of Bitcoin has dropped, it will not be separated from the problem of scalability, Bitcoin Legality Issues. The legality problem is actually not a new issue in the crypto world, the launch of Bitcoin Futures. At the end of 2017, two world futures markets released new products in the form of Bitcoin Futures, Crypto Not Only Bitcoin. Bitcoin is indeed a brand that is inherently synonymous with cryptocurrency, Bitcoin mining costs increase. Many people fall in love with Bitcoin because of the appeal "can mine their own money.

[Ycekezuv]

Everything is quite simple.  Bitcoin is sold and no one buys as a result of which the supply exceeds demand and the price falls!

[StarofBTC]

there are so many causes of falling bitcoin prices, I think those who managed to buy bitcoin at low prices and sell them at high prices and hackers who managed to steal bitcoin on bitcoin mining sites and cryptocurrency markets

There could be any reason at all, but nothing changes the fact that no one knows. It is a market, there will always be fluctuations between supply and demand and as long as one is greater than the other, market will always shift towards the ones with the larger levels.

There is no much real demand for bitcoin at this stage and let's face it, whatever happened in the past with all the skyrocketing of prices, are all just plain manipulations, and a way for some whales to just cash out real big. What we are seeing now is just the corrective effect of it.

[omfg.xekcep]

At the end of May, Bitcoin hit a new high this year after a sustained surge, which began to reverse on May 25th and 26th. It once fell by 900 US dollars, a drop of more than 30%; China's bitcoin prices once fell to around 14,000 yuan, today About 14,700 yuan fluctuations.
Interestingly, the reporter noticed that the renminbi’s exchange rate movements from the onshore market are in stark contrast to the plunge in bitcoin prices. Also on May 25th, when Bitcoin turned down and fell, the exchange rate of RMB began to turn upwards.
The spot price of offshore RMB exchange rate CNH has risen from 6.8752 to 6.8498 from May 25th and has been rising all the way. Today, the intraday trading session of CNH rose to 6.8031. Onshore RMB spot exchange rate CNY, although closed today at the Dragon Boat Festival, rose to 6.8678 at 6.8860 on May 25 and rose further to 6.8525 on the 26th.

I suppose that there is no person on the forum who knows exactly why it is happening with Bitcoin so we just may make assumptions but no more. You are trying to bind Bitcoin with CNY and CNH I am not sure that it is right. I myself tried to bind Bitcoin with other assets like dollar (DXY), gold and the stock market (DJIA) but it was waste of time. I could not find any dependencies and ties. My stance is that currently Bitcoin is accumulating liquidity on the low values for the further growth but I absolutely do not know when Bitcoin will begin growing substantially again.

[jaxteller]

I think there are 2 possibilities. Either, one: because the late 2017 hype is gone. Like literally, no one talks about crypto or bitcoin, or two: whales are controlling the entire market. I think it could be a combination of both. Hope it recovers soon.

[dr_chen]

The crypto market is not a regulated financial market, there is no limit to the decline and rise. The crypto market works 24 hours a day, no specific session hours. Manipulation and FUD are endless. In this case, I am not looking for a specific reason for the fluctuations to be large.

[yitzjoe]

The market most follow the way it went up down and of a truth we have to prepare for this. Last year we were saying why is the market going up the way is doing and many were saying then that we should expect a fall.

the current market downturn is quite serious but I am optimistic this will rise. crypto prices fell dominated by many new ICOs that became scams and many investors were afraid to invest in crypto, as well as the resolution of ETFs that made crypto prices more volatile

[Flor1982]

There are lot of reasons like FUD, regulation, hacked exchanges and the bearish market that still in effect in which it makes the people to become afraid to invest anymore resulting to the real demand to reduce and to become low.