List of Reasons that Explain the Price

[mocker001]

Ok I am trying to make a list of reasons that can explain why the prices of BTC  are falling

1- Black Friday

2- Just it happens because it is a "volatile market"

3- Market manipulation by some whales

4- Lost of trust on cryptocurrencies

5- Hacks and robberies to some BTC users

6- Panic selling

7- Another cryptocurrencies emerging

8- Higher cost of electrical services

9- Christmas times

What other reasons do you think can explain the fall of the prices?

[Ispep]

What other reasons do you think can explain the fall of the prices?

Rolling out more reasons as to why, with no fact of its veracity,will only further help to increase the uncertainty that already exists...

[logfiles]

~snip~

All the reasons you have listed above where there during the bullish trend that started early October and last upto late December last year,... So why is this year so different.
I don't think any of what you have mentioned about has really determined the price of BTC. It's all about demand and supply my friend. And it's purely normal.

[Assface16678]

~snip~

All the reasons you have listed above where there during the bullish that started early October and last upto late December last year,... So why is this year so different.
I don't think any of what you have mentioned about has really determined the price of BTC. It's all about demand and supply my friend. And it's purely normal.

I had indeed a great point. The said factors is not really the identifiers of the price but rather it is only the factors that affects the price and it does not matter if it exist or what because bitcoin can perform without it. Unlike the supply and demand which is the main subject in bitcoin.

[Olalomi]

The only major reason in the drop in the price of bitcoin is the possibility of market manipulation by some whales whose reasons for the massive dumping is well known to them I can't imagine all the other reasons will have any great impact in the price of bitcoin I am speculating a gradual pump in the price after the dumping is over

[aioc]

I don't think Christmas should be on your list, remember Bitcoin hits an all-time high in this season or this time and history can tell that it's not the month of December, or the Christmas season that has an impact on the price of Bitcoin but you can create 20 reasons but not Christmas.

[logfiles]

The only major reason in the drop in the price of bitcoin is the possibility of market manipulation by some whales whose reasons for the massive dumping is well known to them I can't imagine all the other reasons will have any great impact in the price of bitcoin I am speculating a gradual pump in the price after the dumping is over

But who are these whales everyone is talking about all the time? Everytime people are talking about whales 🐳 dumping so my question is when do they buy? 😂
If they have enough money to cause the BTC price to slump from 20k to 4K when selling off then surely they should be able to stir the price right back to 20k when they buy, shouldn't they?

[mrcash02]

It could be market manipulation by some whales, followed by a Crypto-Currency mistrust wave, followed by panic selling. And of course, it happens because it's a volatile market, it's a possibility decentralization opens to the public who are part of this market.

And I don't think manipulation here means necessarily a sabotage on purpose, but maybe these big investors have found a better place to put their money for now, as Crypto world was too stagnant.

[TravelMug]

I find it strange that no one mentions about the Bakkt offering postpone their original plan this December?

https://cryptopotato.com/more-fuel-to-the-fire-bakkt-bitcoin-futures-launch-date-postponed-to-24-of-january-2019/

This could be significant because a lot of traders have been waiting for this because it might re-ignite the market again.

Or how about the hashrate of Bitcoin going down because of the continuing Bitcoin Cash war?

https://cryptopotato.com/are-bch-miners-using-their-bitcoin-to-fund-the-war-bitcoin-hash-rate-drops-by-10/

[willwin66]

~snip~

All the reasons you have listed above where there during the bullish trend that started early October and last upto late December last year,... So why is this year so different.
I don't think any of what you have mentioned about has really determined the price of BTC. It's all about demand and supply my friend. And it's purely normal.

I totally agree with you. he just mentioned the reason related to recent time but he could not explain about the time before. Some reasons in his list do not make sense. i don't think it is trustworthy.

[batang_bitcoin]

You forgot to mention the correlation of crypto market to some other markets.

If you noticed that when crypto is down, stock market is also down. Though crypto is a decentralized market but that's what I've noticed and for sure I'm not the only person that saw that thing. Well, those you mentioned probably are accurate reasons but why Christmas? Is it the time when people have lots of bonuses to spend for crypto?

[th3nolo]

Ok I am trying to make a list of reasons that can explain why the prices of BTC  are falling

1- Black Friday

2- Just it happens because it is a "volatile market"

3- Market manipulation by some whales

4- Lost of trust on cryptocurrencies

5- Hacks and robberies to some BTC users

6- Panic selling

7- Another cryptocurrencies emerging

8- Higher cost of electrical services

9- Christmas times

What other reasons do you think can explain the fall of the prices?

It's like the reason for January, It's the new Chinese year, It's the China ban, it's the ICO scams, It's the failure of the ETF and so on.

[ansarose1]

I agree with some of your thoughts on the falling prices of market now. I agree the market's falling price reason was the volatile market and so fluctuation occurs or some says that there are manipulations, i guess so. I also agree that many of the crypto enthusiast and investors lost their trust in cryptocurrency because they can't earn anymore profit. That's why many people now doing panic selling thus the price of the coins are affected.

[pooya87]

apart from 3 and 6 which are the same thing, i disagree with everything else. none of them can affect bitcoin price. for example black Friday and Christmas are not things that make people sell their investments in something as valuable as bitcoin just to get money to spend! they may spend bitcoin but that doesn't affect the price due to high liquidity compared to number of places accepting bitcoin.

[coinplus]

There is no need for a huge list of reasons. First of all price dropped because there was a hash war going on in bitcoin cash hard fork times and during those times both sides sold their bitcoins and bitcoin cash in order to fuel the fight and become the winner of the war.

Now that is the reason, why the prices of bitcoin dropped significantly since there was a lot of sell orders and not enough buy orders to cover those expenses. Now the reason why it hasn't gone up is more tricky because the volume is incredibly low and anyone who wants to take the price anywhere could do so at any given moment.

We have seen 2 billion in volume type of low amounts which is really low considering only couple months ago someone bought 500 million dollar worth of bitcoin with tether and the price only went up a slight bit. Now if anyone tries that the price would probably double at these volumes. Long story short it went down because a lot of bitcoin was sold and it didn't went up because not enough bitcoins are bought.

[BitHodler]

There is no need for a huge list of reasons. First of all price dropped because there was a hash war going on in bitcoin cash hard fork times and during those times both sides sold their bitcoins and bitcoin cash in order to fuel the fight and become the winner of the war.

It's easy to think like that, but how do you know that's actually the case? I think the dump was more related to the overpriced market at $6000 levels, and the steep reduction in Bitcoin's difficulty.

Lower difficulty means more coin inflation. More coin inflation during an overvalued market is almost a guarantee that prices will go down. Traders saw it coming in and might have liquidated some of their holdings.

We have seen 2 billion in volume type of low amounts which is really low considering only couple months ago someone bought 500 million dollar worth of bitcoin with tether and the price only went up a slight bit.

Who is that someone? I can't recall anything like that and I very much doubt that anyone used or owned 500 million USDT to buy Bitcoin with. Most of the circulating USDT is well distributed amongst dozens of exchanges.

I do remember having seen 11k BTC buy walls on Bitfinex around $7700 this year, but that's very likely Bitfinex itself spoofing its order book. No one in his right mind would ever have that much value on such an exchange.

[Indamuck]

OP you listed a lot of reasons but didn't even mention the bcash hashwar.  The ABC vs SV has been the main cause of this price drop.  You have billionaires going against each other that are willing to lose millions of dollars just to win the hash war.  CSW even said he would be willing to crash the price of bitcoin to 1,000 again.

[Gaggy185]

Black Friday? Really? LOL. All cryptocurrencies' price are falling because of big sale off for Black Friday? LOL. It's really funny ). I think you've forgotten to mention about the whales activity which has great effect to price of crypto market as well.