What can you say about the low price of bitcoin and altcoins today?

[celjc]

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

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[Lindazz]

I think there are too many ICO projects.
So many ICO projects will make money more and more scattered, which will make the price of bitcoin drop continuously.

[ttookk]

I don't really think there is a specific, tangible reason you can point your finger towards for this. The market does as the market does.

If you look at the news coming out, it is mostly good news right now, but they receive little to no attention, because the overall sentiment is bearish.

In a bull market, it's just the other way around: during the last bullrun, there were tons of bad news, but no one read them, because everyone was extatic.

Markets are templates of mass psychology. That's it. Point your finger all you want, fact is, nothing, no news will drive BTC up disproportionately. we'll have to wait for the cycles to go through, as painful as it is.

The same goes for alts as a whole.

[annstasia009]

All I can say is that the market is full of negative news that fluctuate in the market and now it's just for correction and it will be a long correction, so keep your coins and wait for better times.

[ttookk]

All I can say is that the market is full of negative news that fluctuate in the market and now it's just for correction and it will be a long correction, so keep your coins and wait for better times.

Hahaha, this is pretty much my point: what negative news?

The news are there regardless, they are just overemphasized. When we were on a bullrun, nobody cared about the fork controversy and full blocks.

Now, we are in a bear market and nobody is looking at the fact that the MtGox trustee will stop dumping BTC on the market, or that satoshis.place shows that Lighning Network works. Half a year ago, everybody would have talked about these news.

Don't get fooled by this. It's market cycles and mass psychology. News are catalysts at best, but not triggers.

[Takia]

If I think we should be patient first wait for the right time, hopefully tomorrow or the day after bitcoin altcoin rise again we must believe that will arrive a beautiful time in time for us all
 

[Nilda]

Nothing unusual. It’s a phase in all currency markets. Try to remain calm. Resist the urge to panic sell. Some people even take this as an opportunity to enter the market or acquire more coins.

[nikola22]

cryptocurrency market saw price falling many times so there is no need for panic. the price will recover soon or later. we just have to wait and hold our coins.

[Hirameki]

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

There are a lot of reasons to this. It can never be just because of one factor. The crypto market has a lot of stuffs going on. There goes increasing number of ICO projects, new cryptocurrencies, FUDs, banning of ads of cryptos etc. Now, the market is very volatile and can be influenced easily by these stuffs. We can never point out which is the greatest contributor but we can name some.

[skorupi17]

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

The market has behaved this way based from the history of cryptocurrency for no particular reason so why wonder if the market is behaving this way again. Most are just being too hasty about the increase because they are anxious to see their profit growing. We just peaked last December and the peak price is really high. We cannot expect the price to go up at all times.

[TheBiochemist]

The prices is up 3x from 1 year looking at BTC which is great. 99% of all altcoins are crap, usless and only valued by hype, most of which will go below ICO prices, so be ready to pick em up, the ones you think will have usage!

There are so much good news hidden by all the crap news and regulations so i am sure we will se even lower prices during the summer, keep investing when it drops!

[TheBiochemist]

I think there are too many ICO projects.
So many ICO projects will make money more and more scattered, which will make the price of bitcoin drop continuously.

Bitcoin dominance is incresing, due to dump of alts to BTC and then to FIAT...So there is an reverse trend of what you state

[HerreraMJ]

It's common on cryptocurrencies, their prices fluctuate too much, plus, there's alot of new ICOs everyday, it's probably better to wait, be patient and hope for another rise of the price.

[The cure]

I would say that the big contribution of this price down in the market is the negative news for bitcoin. It is resulting to more investors getting panic and sell their investing coins,they have fear on their minds for any possible lose of their capital.

[tsaroz]

There comes highs and low but you can consider it as a correction phase for last year's sudden rise from $2000 to $15000 within a matter of couple of months. If the prices rests anywhere above $5000 you can call it a profit in comparison to last years price.

[X-ray]

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

There is a lot of uncertainty about the crypto market right now. But i would like to say that the manipulators will try to dump the price of crypto to the bottom and it can be considered as the best time to buy for long-term and you should not expect it for short term gain because it's too risky. Manipulator is the real reason i suppose.

[VeeraS]

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

certainly the most logical reason is the correction and accidents that have occurred over the past few months. and now, the situation has not really recovered. so naturally bitcoin and the market takes time to recover and become stable

[batang_bitcoin]

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

December 2017 is an all time high for bitcoin and altcoins.

What do u think are the real reasons why?

Real reason of falling? if that is then it didn't happened on December 2017 but during the next weeks of early January 2018 and it cause by a correction.

After an all time high that correction is expected even until now.

[Thirio]

Well ever since that huge run last december, bitcoin went on being too popular that some did become too bad for bitcoin. I mean just look at it, more and more people are here damaging the reputation and the essence of bitcoin without them ever really knowing.

[almiani]

is it true that this happened because the exchangers in India announced that they could not withdraw through local banks causing panic? and this is a global impact