Why Bitcoin cointinue its down trend for a long long time this time ?

[luckyluigi]

We already know, not like previous years, This year bitcoin price didn't follow its normal market cycle. Crypto market is still not looking. What really happened to the crypto market this time?  Fiat money doesn't come to the Crypto market as expected? Why it happens so? what are the real reasons behind this situation?
At last time market pump, some people made good profits. We can see they enjoying their profit by traveling around the world and all. I think when they are done with their money They will come back to Crypto seeking profit again? So As you think, Is their arrival is a must for Bitcoin price goes up again?

It was really long way down, we can say that it lasts more than 2 months. But hopefully we will get off from it, and completely recovering all the prices, which I don't see by the way right now on my wallets.

[DwaneJacky]

No body knows the particular reason for this. One of the most popular theory is that of the price manipulation done by the Wall Street, since it is just a theory and not concrete proof, it is better to not dwell on it much.

[JohnDcosta]

The reason behind it is still not evident. But the majority are speculating that it is not. They are mainly saying that  it is the price manipulation that has caused this to happen.

[railyako]

I think it is following the normal cycle. As we see that the price is now starting to increase again. Started by midyear and will continue to increasing until the end of the year just like what happened in the past years.

[nazarovv]

Did you just posted this without even comparing the price of last year and now with the same date? You should take a look at it and compare and you will see that what you  are saying here is not just right.

[thomas_goal]

I don't think anybody knows exactly what's behind the curtain, but many suspect Wall Street price manipulation after introduction of Bitcoin futures markets. Presumably, while they were wrecking the price on exchanges, they were buying on OTC markets.

So As you think, Is their arrival is a must for Bitcoin price goes up again?

Even if not them, others would come. Despite Bitcoin being on the media front and center for quite some time, most people are still not familiar with cryptocurrencies.

Why Wallstreet doing this price manipulation in the cryptomarket as you think? what is their purpose to do so? I have a different idea?

It's for the same reason that they do it to gold. They want to discourage people from trying to hide their money away and protecting themselves against inflation. They want people to use fiat indiscriminately, without fear or doubt that their money is using value. However, many people are fed up with seeing their money become useless over time, so they turn to bitcoin, gold, etc.

I've noticed a bit more suppressed price action on the charts lately, like it seems that some levels are being defended. It's common for central banks to do this with their currencies as well. The Swiss national bank has been manipulating it's currency for years, defending it from the 0.95 level, because people tend to buy it as a hedge. So they devalue it in order to protect their economy.

[ethereumhunter]

We already know, not like previous years, This year bitcoin price didn't follow its normal market cycle. Crypto market is still not looking. What really happened to the crypto market this time?  Fiat money doesn't come to the Crypto market as expected? Why it happens so? what are the real reasons behind this situation?
At last time market pump, some people made good profits. We can see they enjoying their profit by traveling around the world and all. I think when they are done with their money They will come back to Crypto seeking profit again? So As you think, Is their arrival is a must for Bitcoin price goes up again?

I think from this year, everything changes. bitcoin makes different moves than the past and so do with the other coins. I think the reason for this is because there are many coins and tokens that launch in the market and there are many new people is join in the cryptocurrency. and because of this, we can see that the cryptocurrency is moved to the new level and from the next year, the situations will be different than this year and I think in the next year, the cryptocurrency will trying to reach the highest price for each coin.

[tabas]

Did you just posted this without even comparing the price of last year and now with the same date? You should take a look at it and compare and you will see that what you  are saying here is not just right.

They are like that, they are very problematic about the price of bitcoin and will say that bitcoin is on down trend up until today. But if you will ask them if they have seen the last year's chart, they will not answer you. That's how they are reacting to the price of bitcoin or they have an agenda to spread some FUD with their opinion or they are just really impatient.

[AlvinJetton]

Although BTC has seen a dip, but there might be some very insightful reasons behind this. In my opinion, manipulation of previous investors who made a profit last year coming back again to reinvest has made the market unstable, and dipping as a whole. Although, again the market is constantly changing and very recent events, show a rise up to $8000 for BTC and portray it's potential to gain back and create a bull run real soon.

[KS03]

I think we were part of one giant pump and dump.  By who I'm not sure.  The market is up significantly from where the pump began.  Maybe this is the big boys attempting to enter for cheap? 

[wqiwi212jsjs@jj]

Bitcoins appear relatively early in comparison with other Altcoins. This also does not destabilize the BTC. In my view, the big impact on Bitcoin is primarily on the volatility of the electronics market, the shift in cryptography, the evolution of electronic technology. Bitcoin's future is still within the reach of many, but it is not dead.

[DanielJacob]

It is very hard to point out one reason behind BTC's dip. But, I think, manipulation of the sharks, People who made a profit at the end of last year coming back again to reinvest twice the amount has made the market unstable. Although, recent events are proving to be beneficial for BTC's demand which may see cause another bull run very soon.

[angelakrasnova]

the main reason is the state, but we all understand that large investors and traders will not be able to keep the low rate of bitcoin constantly, and I think that a very large and large market reversal will soon take place.

[suemendez25]

This week we have seen a decline in value as it went down today under 8k again probably becuase of the ETF news and i think this only is short term

I disagree though about bitcoin not following its normal cycle, it actually did If you compare the last year's price with the present you'll see what you are looking for.

[Dexion]

you are right, everyone will come back to crypto, the bitcoin last price makes them rich and free, their ambition is huge and never satisfied. so the bearish market will not make them lost.

I think that SEC's rejection of ETF is the factor that makes bitcoin fall. and many other FUDs.

[maaydin]

I think that the main reason is the futures market where the contracts are being traded with leverage and in a small increase or rise you can profit as a 5 or 10x, so the money is flooding to the futures instead of the crypto market.

[lovesybitz]

We already know, not like previous years, This year bitcoin price didn't follow its normal market cycle. Crypto market is still not looking. What really happened to the crypto market this time?  Fiat money doesn't come to the Crypto market as expected? Why it happens so? what are the real reasons behind this situation?
At last time market pump, some people made good profits. We can see they enjoying their profit by traveling around the world and all. I think when they are done with their money They will come back to Crypto seeking profit again? So As you think, Is their arrival is a must for Bitcoin price goes up again?

That's purely imagination (the vacation part and enjoying the good profit) for a good capitalist or businessman shall never do as such.

They made good profit as we witnessed bitcoin attaining a new all time high last year and they knew it won't last. I'm sure most of them are keeping their bitcoin at bay and are patiently waiting for the prices to go hay wire again.

As the principles of any economy dictates, the supply is currently more than the demand, thus, the low value of our favorite digital cash.

That's why we see other crypto enthusiast expressing frustration over the rampant selling of bitcoin these past few months.  Perhaps the only time we will see bitcoin pick up her price again is when the demand exceeds the supply once more.

[NelfiNovita]

to be more precise we do not know why bitcoin prices can fall over this, but this is the law of the market, every year the price is down but it can not be predicted how long it will happen. we are all waiting for the rising market prices.

[DanielJacob]

There has been a lot of big people and organizations who made profit from last years bull run, and after making their profit they decided to manipulate the market by holding onto their BTC and spreading rumors and killing the hype, that should be the reason behind the dip. However, general people have realized that and look how BTC in growing again now.

[DrGuns4Hands]

We already know, not like previous years, This year bitcoin price didn't follow its normal market cycle. Crypto market is still not looking. What really happened to the crypto market this time?  Fiat money doesn't come to the Crypto market as expected? Why it happens so? what are the real reasons behind this situation?
At last time market pump, some people made good profits. We can see they enjoying their profit by traveling around the world and all. I think when they are done with their money They will come back to Crypto seeking profit again? So As you think, Is their arrival is a must for Bitcoin price goes up again?

These indicate that people who compose the market are aware of the possible pull-out of investors in bitcoin investment. Thus, everybody is vigilant and observing certain issues that may occur in any time soon. Further, given such negative information about bitcoin in other ads, media, news and even this forum – simply would discourage some investors to purchase and invest. Unless no one will buy bitcoin then most probably it will continue to go down. However, since the prices were low, it is the time for us to buy btc and hodl for the future.