Why Bitcoin price are decreasing?

[arwin100]

I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

This dump in the bitcoin price is temporary and the bitcoin will rise again soon. We just not need to panic on 1000$ dump or get excited on $1000 Pump. Rather we should invest in crypto for long term duration. If you buy bitcoin for long term. you will never face a loss.

So true but let's be wary in the long run.

It is true that in a long time frame, Bitcoin's price did not disappoint us and kept on giving us great price that would give us good profits. But let's be careful since doesn't mean you hold for a long run means you will not have any losses, you should also be wary when you should sell some and when you will buy some again. Knowledge and timing is also important.

Although its true but we should consider the events happening since it gives us a hint on what will happen on future. And we shouldn't get disappointed if some dumps occur since as you said bitcoin will surprise us with huge pump, We can see it pumping hard for so many times after the huge dump came and feel sorry to those weak handed person who sell their bitcoins when the dump is happening since they lose there money for that decisions.

And we really need a good timing since it will give us a good profit if we enter in the market in correct position.

[atjiat]

It seems to me that the current price fluctuations are primarily due to user fear. But if you look at the GlassNode study, then according to their results, the low activity of old and large bitcoin wallets is very important. The fact is that these studies indicate that there is no panic among early cryptocurrency investors and those who have invested a lot of money in BTC. Therefore, you need to rely more on long-term investments.

[beerlover]

You can buy bitcoin right now, it is actually one of the best periods to buy bitcoin because we are talking about something more magical happening in crypto world than any other time, it is waiting for you to join before it goes up, if you wait too much you could miss the chance.

A lot of people keeps wishing they got into bitcoin before it was too late yet they are afraid of going in right now. I have heard a ton of people saying "I wish I got into bitcoin when it was under 10 dollars" and I see them having hard time putting money in right now, even if they knew bitcoin around those days, they would have been hard to convince to buy at that point as well, why would they change? This is why I believe it is quite important to realize we are at a great point right now as well and you should buy if you do not want to regret in the future.

[bitbunnny]

At the moment I don't think that price is decreasing. It's fluctuating for a longer period of time but there are not bigger changes in the market or big dumps and I think the situation will stay more or less the same
Having in mind overall situation, not just in crypto market, investors are quite careful and therefore I don't expect anything dramatic to happen with Bitcoin price.

[bitgolden]

I believe the biggest reason was the miners, when the biggest part of the community decides that they want to get out or at least sell some coins to make some capital, you just have no choice but to go down. It is not a sustainable fall, it is not a long term fall, miners will use that money to profit even more in the future, why else would they sell money, to buy a lambo?

We are talking about tens of millions even over hundred million when you combine them all, that type of money is not gathered for personal use, it is work money and they will reinvest that to the business obviously which will make bitcoin even stronger in the future. However for the time being, that sell and creating capital did caused bitcoin prices to fall down a bit right now.

Are we still talking about the time it dropped about a month ago (maybe 3 weeks) or are we talking about in general? Because they are usually the same but also different.

Bitcoin decreased because economy started to recover, that is a big part of the reason and I am fine with it, I rather have a stronger economy that no longer needs bitcoin, I wish that happened but I know it won't that is why I am in crypto, but for a short period of time after the summer people went back to work and that meant companies started to churn up more profits which made the macro economy go back to normal, obviously regular individuals are still not back to normal just yet but the companies that started working again did came back and this caused bitcoin to lose a bit of value compared to fiat world.

[noormcs5]

I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

This dump in the bitcoin price is temporary and the bitcoin will rise again soon. We just not need to panic on 1000$ dump or get excited on $1000 Pump. Rather we should invest in crypto for long term duration. If you buy bitcoin for long term. you will never face a loss.

So true but let's be wary in the long run.

It is true that in a long time frame, Bitcoin's price did not disappoint us and kept on giving us great price that would give us good profits. But let's be careful since doesn't mean you hold for a long run means you will not have any losses, you should also be wary when you should sell some and when you will buy some again. Knowledge and timing is also important.

Although its true but we should consider the events happening since it gives us a hint on what will happen on future. And we shouldn't get disappointed if some dumps occur since as you said bitcoin will surprise us with huge pump, We can see it pumping hard for so many times after the huge dump came and feel sorry to those weak handed person who sell their bitcoins when the dump is happening since they lose there money for that decisions.

And we really need a good timing since it will give us a good profit if we enter in the market in correct position.

If you understand the technical analysis and fundamental analysis, you can somehow predict the price of bitcoin. Bitcoin mostly move between the support and resistance level.  However when it breaks the resistance, it pumps and if it breaks the support, it will dump.

[XCANA]

I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

Well, this should be the avenue for anyone out there to buy at the dip because the market really went down some weeks now. The time or perfect time to buy cryptocurrency is when its price fall overtime, so, buy a fraction of Bitcoin or other cryptocurrency coins or tokens  will be of great importance now. There is no time to wait for another  time to buy than now.

[nelson4lov]

Why are Bitcoin and Altcoins markets dropping lately? Here are a couple of reasons:

1. Second wave of Covid-19 fears: There's fud currently going round that we might possibly see another market sell-offs due to the increasing number of covid-19 cases and deaths throughout august and september. If it turns out to be true, we'll see a sell off but not as bad as the one in that happened in March.

2. Covid-19 Vaccines: It's no longer news that financial markets (including the crypto market) would take the negative turn if a vaccine gets approved as a cure for the virus. The problem with these kinds of rumors is that they usually turn our to be safe fulfilling prophecies. As they say –buy the rumor, sell the news.

3. A regular market correction: Crypto markets peaked in August with Bitcoin increasing more than 3x since the ATL in March. Other altcoins have also seen significant gains. Like went from as low as $2 to $19. So the market was long overdue for a correction.

[LUCKMCFLY]

I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

There is a theory of a very important speculator, around the years 1800-1900 Richard Wyckoff existed in the stock market, and his theory in the Bitcoin market fully applies, and it is true that there is the Accumulation stage, bullish trend, Distribution, Bearish trend and again the Accumulation Stage, of course it has many variants, because in the accumulation stage there can be a bullish tendency and then re-accumulation, as in the Distribution Stage.

Taking into account that we have gone through a long period experiencing some fundamentals in this 2020, it can be intuited that the accumulation stage has been creating stages of small re-accumulation according to Wyckoff applied to some fractals of the graph.

Following this theory, it is obvious that we have not yet reached the Bullish trend stage, so any price that Bitcoin is bought at this time is the best investment of all, and taking into account the new investors that enter the market as they get to know the technology and the potential of Bitcoin, this is a unique opportunity.

[sunsilk]

Well, this should be the avenue for anyone out there to buy at the dip because the market really went down some weeks now. The time or perfect time to buy cryptocurrency is when its price fall overtime, so, buy a fraction of Bitcoin or other cryptocurrency coins or tokens  will be of great importance now. There is no time to wait for another  time to buy than now.

Just be careful when we say 'other' cryptos. A lot of it are misleading and can potentially make the person we're suggestin to lose instead of making. Don't trust most of them as they're needed to do research before buying any of it.

Unless, they are buying the known altcoins or tokens that we're saying in general. But if the person who have heard our suggestion are careless and just simply buy anything he sees and considers it to be good based from what we've said, that person might blame us for that simple suggestion.

[gabbie2010]

I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

No need to panic its the usual correction associated with both cryptos and financial instruments e.g stock, Forex e.t.c taking weekly chart of BTC/USD as a reference the price has been moving from lower low to higher low thus the trend is upward thus any pullback will result to a new higher low just as we are currently experiencing and the trend continues, there is no cause for alarm as it always speculated ' price history repeat itself'.

[pinggoki]

I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

Well, no one exactly knows what Bitcoin price was decreasing and it same goes for the whole market.
Actually, there's no right time to procure Bitcoin this will only depend on the price range you will sell.
Since Bitcoin is just hovering around $10k we should take this opportunity to buy and accumulate more then HOLD, through this way you could secure having a good profit when the Bull trend or new ATH comes.

[ultrloa]

Well, this should be the avenue for anyone out there to buy at the dip because the market really went down some weeks now. The time or perfect time to buy cryptocurrency is when its price fall overtime, so, buy a fraction of Bitcoin or other cryptocurrency coins or tokens  will be of great importance now. There is no time to wait for another  time to buy than now.

Just be careful when we say 'other' cryptos. A lot of it are misleading and can potentially make the person we're suggestin to lose instead of making. Don't trust most of them as they're needed to do research before buying any of it.

Unless, they are buying the known altcoins or tokens that we're saying in general. But if the person who have heard our suggestion are careless and just simply buy anything he sees and considers it to be good based from what we've said, that person might blame us for that simple suggestion.

Some people are just hyping and no basis regarding on their claims about the pump of a certain coin and we shouldn't believe on any of those since it will really misleads us and might we will lose our money for their selfish predictions.

We should do our very own research since by this we can really find some good spot to enter and gain even if the market price of any alts is decreasing.

[masterrex]

I am thinking why Bitcoin price are going down? Is Bitcoin Bull run is finished? I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

I think there's nothing to worry about in terms of Bitcoin price movements because Bitcoin price won't dip easily without any reason. After all, it is one of the most stable price cryptocurrencies in the market forget those so-called Bullrun because it might influence our judgments when the perfect time to buy a Bitcoin because we just want to witness another Bullrun for me it is not good.  

[sarmrakib]

 why Bitcoin price are going down?

I didn't notice any huge dump. Its usual downtrend and a normal behave of market .I think you should need to more analysis to get the market movement .

Is Bitcoin Bull run is finished?

I can see a clear uptrend which is continuing if btc carry it ,it will be a huge bull run.

 I want to buy Bitcoin, so is it the right time to buy Bitcoin or I will wait for a while.

It's still a good chance to buy and full your bag i am so worried that you might btc have this price in future.

[Spaffin]

Some analysts have previously predicted that if Bitcoin falls below $ 10,800, it will be a very dangerous signal and the possibility of a continuation of the downtrend. But nevertheless, do not forget that the instability in the foreign exchange market forces investors to treat Bitcoin as a defensive asset, as a result of which Bitcoin prices can be more stable and rise up.

[seoincorporation]

Why are Bitcoin and Altcoins markets dropping lately? Here are a couple of reasons:

1. Second wave of Covid-19 fears: There's fud currently going round that we might possibly see another market sell-offs due to the increasing number of covid-19 cases and deaths throughout august and september. If it turns out to be true, we'll see a sell off but not as bad as the one in that happened in March.

2. Covid-19 Vaccines: It's no longer news that financial markets (including the crypto market) would take the negative turn if a vaccine gets approved as a cure for the virus. The problem with these kinds of rumors is that they usually turn our to be safe fulfilling prophecies. As they say –buy the rumor, sell the news.

3. A regular market correction: Crypto markets peaked in August with Bitcoin increasing more than 3x since the ATL in March. Other altcoins have also seen significant gains. Like went from as low as $2 to $19. So the market was long overdue for a correction.

Those 3 are good reasons but don't forget about the big crash in the global markets we had this week, it was a problem where hsbc, deutsche bank, and ING were involved. They were hammered with the allegations of managing dirty money since 20 years ago. That brings a crazy crash in the stock markets and after that, the cryptos price went down.

Let me give you the source, that way you can read the full info:
https://www.livetradingnews.com/hsbc-deutsche-bank-and-ing-were-hammered-monday-196275.html

[Distinctin]

Some analysts have previously predicted that if Bitcoin falls below $ 10,800, it will be a very dangerous signal and the possibility of a continuation of the downtrend. But nevertheless, do not forget that the instability in the foreign exchange market forces investors to treat Bitcoin as a defensive asset, as a result of which Bitcoin prices can be more stable and rise up.

And yet, we are below $10,800 (currently at 10,600 plus). I'd never find it dangerous even it lower down to $9,000. Bitcoin is the leading coin in the market and for sure it can't be ignored, investors will surely take the opportunity this declining sentiment. And I have too.
I'm not a market expert, only I have is the trust for Bitcoin, for cryptocurrency. It sometimes we fall into this kind of scheme, and somehow it is acceptable in all cases.

[YuginKadoya]

Some analysts have previously predicted that if Bitcoin falls below $ 10,800, it will be a very dangerous signal and the possibility of a continuation of the downtrend. But nevertheless, do not forget that the instability in the foreign exchange market forces investors to treat Bitcoin as a defensive asset, as a result of which Bitcoin prices can be more stable and rise up.

And yet, we are below $10,800 (currently at 10,600 plus). I'd never find it dangerous even it lower down to $9,000. Bitcoin is the leading coin in the market and for sure it can't be ignored, investors will surely take the opportunity this declining sentiment. And I have too.
I'm not a market expert, only I have is the trust for Bitcoin, for cryptocurrency. It sometimes we fall into this kind of scheme, and somehow it is acceptable in all cases.

I really think this is pretty normal and just like you said the price is still acceptable and this kind of dip may become an opportunity for traders to get more and to buy back again with cheap bitcoin I really think volatility as a good thing, And some people that are just holding thinking this as natural for bitcoin and treat this as correction for the rise it made recently, and I also agree that this decreasing price is not dangerous as well but an opportunity for many.

[sunsilk]

Well, this should be the avenue for anyone out there to buy at the dip because the market really went down some weeks now. The time or perfect time to buy cryptocurrency is when its price fall overtime, so, buy a fraction of Bitcoin or other cryptocurrency coins or tokens  will be of great importance now. There is no time to wait for another  time to buy than now.

Just be careful when we say 'other' cryptos. A lot of it are misleading and can potentially make the person we're suggestin to lose instead of making. Don't trust most of them as they're needed to do research before buying any of it.

Unless, they are buying the known altcoins or tokens that we're saying in general. But if the person who have heard our suggestion are careless and just simply buy anything he sees and considers it to be good based from what we've said, that person might blame us for that simple suggestion.

Some people are just hyping and no basis regarding on their claims about the pump of a certain coin and we shouldn't believe on any of those since it will really misleads us and might we will lose our money for their selfish predictions.

We should do our very own research since by this we can really find some good spot to enter and gain even if the market price of any alts is decreasing.

It is okay to give suggestions but it has to be specific because if it's just a general suggestion and the person you are talking with isn't knowledgeable with the market.

He will start to choose even altcoins that are not worth to invest because he relied with that very simple definition and took it seriously. As long as there's enough research made by someone before he invests, there's no one to blame with those suggestions.