Why Bitcoin prices dropped so low a few days ago؟

[aliijaz12560]

Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

[mk4]

Because people sold bitcoin. And because of the law of supply and demand, the price dropped. That's it. Don't try to make theories whereas there's really no way to confirm if it's true or not in the first place.

[TinaK]

Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

Always many hidden reasons behind the bitcoin price bumping and dumping. We people are really looking for the exact reason for it. Sometime during go scam like exchange hacking vor something will make some big impact.
Other than that while you are looking bump big giants usually support it on adoption for it.

[Bim abk]

in my view, it happens because people need a lot of money to spend on Christmas and also holidays later this year. so I think the price reduction could be due to that, the necessities of Christmas and also holidays make people withdraw their funds from bitcoin and this is common at a time like this, the need for reasons increases.

[heidikim]

in my view, it happens because people need a lot of money to spend on Christmas and also holidays later this year. so I think the price reduction could be due to that, the necessities of Christmas and also holidays make people withdraw their funds from bitcoin and this is common at a time like this, the need for reasons increases.

This idea doesn't make much sense. It was said that China is also celebrating New Year's Eve when Bitcoin experienced a major decline. : D People sold their Bitcoins because they were going to buy gifts. Never mind, this is not a very logical approach.

[kawetsriyanto]

Because people sold bitcoin. And because of the law of supply and demand, the price dropped.

People trade their Bitcoin every day, right? Both in bearish and bullish, people sell their Bitcoins. We must find something unusual that may cause a decline. For example, people doubt about halving, then they sell Bitcoins or they need much money for Christmas/new year/long holidays. Full-time traders may sell many of their Bitcoins because of those reasons.  

And because of the law of supply and demand, the price dropped.

Need more specific thing, I guess.

Don't try to make theories

I assume most people have no intention to make own theories. They just try to guess the reasons even if they don't really know about it.  

[CryptoBry]

Tell me why Bitcoin prices dropped a few days ago۔ Let me tell you what the reason was۔

Every time Bitcoin is dropping or rising its price in the marketplace, people have this tendency to look for the possible reasons of such development. And of course, that is part of human nature. The latest "bearish" mood of Bitcoin resulted from the withering demand for it from the users and the traders and of course we might say that there can be some manipulations involved like we always heard anytime but that can be subject to a lot of debates and discussion yet nothing concrete can be arrived at. In other words, this is all about supply and demand but what are the things that influence it? Well, your guess is as good as mine. With Bitcoin, anything goes, anything can be the reason depending on which is one will stick and can be accepted by the many. As a very volatile asset, Bitcoin is always subjected to anything hopefully its very resiliency is tested by fire and arrows and it is still alive.

[tsaroz]

Bitcoin's price always has been volatile and there are generally a sharp decline before a large rise.
It's called bear trap where large investors inaccurately signals that the market is going towards a downward trend while they use the moment to buy for cheap and have profit on a bull trend.

[CaVO32]

Because people sold bitcoin. And because of the law of supply and demand, the price dropped. That's it. Don't try to make theories whereas there's really no way to confirm if it's true or not in the first place.

right on point! if you will try to reason out on what have had happened, it will be a headache and you will find out that there's no accurate answer. everything is only speculation and no one can really pinpoint the reasons behind it.

[maxreish]

Because people sold bitcoin. And because of the law of supply and demand, the price dropped. That's it. Don't try to make theories whereas there's really no way to confirm if it's true or not in the first place.

right on point! if you will try to reason out on what have had happened, it will be a headache and you will find out that there's no accurate answer. everything is only speculation and no one can really pinpoint the reasons behind it.

I do not underdtand why there are still members asking all over again about the price drops of bitcoin. Since we all know that we are in crypto space where volatility stays. The price of bitcoin depends on the supply and demand. At some point good and bad news can also somehow affect the price if you can notice about it.

[pakhitheboss]

Few whales decided to sell Bitcoin in order to create panic.

Small investors started panicking and they started selling their Bitcoin.

Whales knew this would happen, so they again invested into Bitcoin at a discounted price.

This is how whales trade and make profits.

This is one of the reason why Bitcoin price went down.

[mk4]

Because people sold bitcoin. And because of the law of supply and demand, the price dropped.

We must find something unusual that may cause a decline. For example, people doubt about halving, then they sell Bitcoins or they need much money for Christmas/new year/long holidays. Full-time traders may sell many of their Bitcoins because of those reasons.

You can speculate, but you can't know things for sure anyway. Because how can you know for sure? Are we going to ask every single seller in the world why they sold? Hence most of the time it's a complete waste of time.

Don't try to make theories

I assume most people have no intention to make own theories. They just try to guess the reasons even if they don't really know about it. 

That's pretty much the same thing lol.

I do not underdtand why there are still members asking all over again about the price drops of bitcoin.

People love to fomo/panic sell I guess.

[cryp24x]

Upon reading your post, I am expecting that you will reveal the reason why but I think you forgot to inclue it on your post. As for me, if you are really exposed and well-versed to Bitcoin and Cryptocurrency you will all say its the volatility which have so many factors. One factor of these are when the whales decided to control the market.

[Oasisman]

Upon reading your post, I am expecting that you will reveal the reason why but I think you forgot to inclue it on your post. As for me, if you are really exposed and well-versed to Bitcoin and Cryptocurrency you will all say its the volatility which have so many factors. One factor of these are when the whales decided to control the market.

Whales or big players didn't have full control over the market, what they can actually do is to pull or push the prices a little bit with their massive sellout or buyout, and that usually accompanied by some news that might affect the market sentiments. If people will buy the news, then that would be the time the market would react depends on the retail investor's activity.
There were no certain reason why the prices are going up and down other than the supply and demand in the market.

[Murat]

Is there really any proper reason to get low or high of the Bitcoin price? I don't think so actually, I think there is also simple economics along with manipulation by big holders of Bitcoin. When the price is getting low then most of the people in this forum have a tendency to get scared and they usually start panic selling without no reason, in this way, the Average price of Bitcoin gets lower, on the other hand, some big fishes are trying to catch this moment and they are holding more Bitcoin at a low price. I believe this is totally intentional and manipulation by some people.

[DreamStage]

The main reason is because a vast majority of Bitcoin investors sold their coins immediatly after each other.
When many of them saw the price going down they started a chain reaction making many of them "panicing" and selling their coins.

The more price went down the more investors would start panicing and selling more.

Some people don't know how to handle the pressure between sudden big price fluctuations. So they follow the trend.

Besides that the major upset for a price drop start was due to many investors leaving some exchange (probabily due to Binance being shut down).

[Furious 7]

Indeed, markets like this are going down, there are going up, so don't ask for reasons to go down, bitcoin prices keep fluctuating and the conditions are now going down again, I don't think this needs to worry about the decline because it could be ahead of Christmas and sell lots of bitcoin, so there's no need to ask any more reasons .
I will continue to look at market movements as they really look ahead and don't give incorrect analysis.

[qiwoman2]

Always during the festive seasons, the price of Bitcoin and other coins usually goes down because many people want to cash out for holiday gifts and enjoying time and spending money with their families. Also, you have big sales that start in January, so many people do their big shopping also after Xmas. Also, we have the Chinese New year coming up in January as well, so many Chinese will offload tons of Crypto at that time, so I expect that is when the biggest drop in the Bitcoin price will come as when Asians dump, they tend to be very aggressive and dump hard. I expect a 20% drop in the Bitcoin price around mid-January, so I am monitoring now and when I get paid I will change my Bitcoin to tether, well at least 70% of it so I can be ready to buy at the bottom. You need to be more shrewd now and not the market control you, you need to go with the flow, ride the waves and cream the profits, as well as growing your generational .wealth

[znation]

There are many reasons why Bitcoin prices fall, we don't know exactly why, maybe they sell Bitcoin to celebrate Christmas, or sellers are too much and buyers are less likely to cause price drops, or information. bad makes prices push down and there may be other problems.

[MURONDI]

ups and downs in prices is common in the exchange, the reason is the existence of supply and demand, but I don't know the exact reason, sometimes a news can also have the opposite effect, no one knows what traders think.