Reason for bitcoin Price Drop?

[Farma]

There is very simple answer...bitcoin is a virtual currency, there is no any law... so bitcoin is very dependent on news and people's opinions

so many reasons why bitcoin prices drop. starting from ETFs, until what happened recently, namely the official arabic legalization of bitcoin in their country. Well, I think that is the trigger for the decline in bitcoin prices. but I'm sure there will be good news that makes the price rise.

[alex.ac.ab]

You should understand that bitcoin is not stable yet and expect only a recovery from it  this is the biggest mistake.

[Claudyah]

What is the reason for the falling value of Bitcoin?  I have already lost some money by holding on to it. Please advise me!

Maybe I think the cause of the market price is falling and continues to fall due to some investors who want to manipulate prices and reduce it, eventually the other investors panic about it because they are afraid of their assets for no further loss.
My advice is that we keep holding it, do not follow what is happening now, sure all investors want the price to rise again, therefore we as investors stand with the unfavorable situation right now

[ABMARK]

People have raised the value of BTC too high just to make quick money in previous year. As value went up, people lose their interest to buy bitcoin. Because of this there is now less demand which is causing price drop.

[doch]

The market  is quite stable now but from some weeks the market prices were very low and for this price fall many internal issues can be involved but whatever the reason or situation is the fact is nothing will stay long in this place

Yes that is right, but i think that the situation is now getting change. bitcoin price has now started increasing, currently bitcoin price is trading above 6400$ and still it continue to increase. hopefully bitcoin price will very good reach back to 20000$ because still people want to invest their money in bitcoin for getting some profit.

[chulos]

What is the reason for the falling value of Bitcoin?  I have already lost some money by holding on to it. Please advise me!

Reasons why bitcoin has fallen is a lot, but no one can say exactly why. When there is good news, everyone expects to raise prices and vice versa. The bitcoin price is based on good and bad news from the world /adoption of bitcoin by a country, institution permit, and the like/. As far as i noticed, it is so. I do not know exactly what the price you bought bitcoin because you did not write it, but do not worry about the price of bitcoin growing, it just wants patience and strong nerves. If you need urgent money so sell an part and leave the rest in bitcoin.

[Dreamchaser21]

There is very simple answer...bitcoin is a virtual currency, there is no any law... so bitcoin is very dependent on news and people's opinions

so many reasons why bitcoin prices drop. starting from ETFs, until what happened recently, namely the official arabic legalization of bitcoin in their country. Well, I think that is the trigger for the decline in bitcoin prices. but I'm sure there will be good news that makes the price rise.

News is a big factor in cryptoworld because everyone believes on it even if its a fake news. We can’t say specific reason why the price dumps but hopefully we can start now to rise again since its almost a month now of a dump market.

[cryptotezi]

There is no perticular reason for the drop I think. Just dont sell the bitcoins now and have patience. The price will rise for sure and I would say that buy more now if you can. You'll be benefited after the recovery quickly just mark my words.

[zinson01]

When the demand goes high for any asset, the price for that particular asset increases. But in times when people get to realize how much it truly worth that’s what affects the price. The price of BTC is not determined yet.

[Aikidoka]

Some 4,000,000 Bitcoins were purchased before 2011 when the price was $100 or $200. Also who will buy Bitcoin at $6000 ??

Many will buy bitcoin at $6000 because some people believe the price would not go any lower. On the other hand, I believe that they would not affect the price that much. Only big whales are in control of the price and they can manipulate it as they want. Added to that, the reason as to why it has dropped was due to many connected reasons starting from the big whales which I mentioned above, the media which always talks about bitcoin in a negative way so it makes people fear, then they sell.

[GreotDollyce]

The price of the bitcoin is dropping now which is a very bad news for the users. The price is falling because of the investors, traders, users. Number of parties when decreased at that moment price also dropped. So, we have just to wait now!

[GreotDollyce]

Yes, bitcoin price is falling. This mostly depends on the participants, traders or investors related with the btc trading. Many people are losing their interest as well as the number is also decreasing. That’s why the value of the price is also decreasing. So, let’s just wait and see what happens!

[icxC]

It is true that the price of BTC is dropping. Well, the price drop depends on the readers, investors, participants of bitcoin, as they are decreasing in number it is affecting the price value of BTC as well. Also may people are selling them because of being afraid about the market condition. So now just wait and see what happens!

[ListingOnly561]

Many people are getting scare and panic. And due to this they are selling their coins. I think this is the main reason for fall of the price.

[RadiontLoss]

In my opinion there are lot of panic seller in this crypto world. We can call them newbie in this crypto world. I think a proper step can make them positive otherwise its create problem in future. The most important thing is the price is already stable and soon it will increase.

[ListingOnly561]

The whales are controlling the market now. They are manipulating people. ETF is also rejected which brings an negative impact in the market.

[MetaPhorse007]

I think bitcoin price fall some the reason, one of the reason is EFT. Because of EFT many panic investor lose the interest. They have no basic knowledge about this market so they sale their coin that’s why price fall. But now the price gain again.

[OffGrid54]

Lot of news is spreading and people do panic. Some of the news is fake and false. But still they are manipulating the new investors. New people are not investing and newbies are selling their coin. For these things price goes down.

[InfiniteBlock560]

As we all know crypto field is very volatile. It is actually quite hard to determine the exact reason due to which BTC is decreasing. Personally I think FOMO bears a negative impact to crypto user and making them demotivate in investment.

[Emence]

bitcoin is a part of crypto market. and in a market price up and down is natural thing. there maybe have many reason for falling down the price. but i think we should take it positively