Why did the bitcoin fall?

[oktana]

In my opinion, it dropped because that is it's nature. It is bound to make movements. It could be a positive, or maybe a negative price movement but, that volatility is the nature of Bitcoin, so don't always expect it to keep going up 24/7. Secondly, just in case you're panicking because of that then I'm really hoping that you don't have all your money in Bitcoin cause to me, that drop isn't worth being afraid for.

[MCobian]

No need to be surprised by the current decline in Bitcoin prices, those of us who have been investing in Bitcoin for a long time must be familiar
with the decline in the price of Bitcoin. Maybe a lot of newbies are panicking because of this, because it is very natural that Bitcoin increases so fast,
then finally some investors took profit. This is what causes the Bitcoin price to drop, but keep calm. In the end those who are already selling Bitcoin
at peak prices, will buy more Bitcoin and finally the price of Bitcoin can go up again. So what needs to be done now is to be patient.

[raidarksword]

Bitcoin's price fall down because people sells off to make a profit from their invesments and obviously this is actually market works, a pretty normal flow of crypto trading.

[southerngentuk]

I have a bunch of lists that we'll discuss about it in the near future:

• Tether FUD
• Crypto Law FUD
• The government banned Crypto FUD
• Mining bitcoin harms the living environment.
• Bitcoin is not safe.

... there are many more that I have not thought of and in the future we will see more interesting than that quantum computers can destroy BTC, and then news comes from China, Korea. In general, what can be influential in the near future, every growth season only has many repeated FUDs.

[worle1bm]

Bitcoin’s unexpected 11% decline has led it to hit its ultimate lowest level for the past three weeks as of 21st Thursday. I found and interesting article on this, what is your opinion? Let me know.

_{Source:
https://mycryptoparadise.com/bitcoin-refutes-claims-of-a-double-spend-flaw-responsible-for-the-cryptocurrencys-11-decline/}

The market was going to witness another dip or we can say correction soon because the prices were going too high at $40k and its the part of crypto market that pump and dump in prices which we called volatility factor of Bitcoin and other altcoins.But we can say that the prices went slightly down due to the FUD spread by Cointelegraph which states that there was double spend flaw in Bitcoin amounting of $21 but actually there were two blocks mined simultaneously and the problem will be resolved with new blocks mined afterwards as there cannot be such a situation in btc due to its design on blockchain.Many will try to create such rumours on which we do not need to beleive and stay calm and enjoy btc rise as they will rise to another levels this year maybe $50-$60k soon.

[ReiMomo]

I dont see any interesting fact in the article that OP gave above. That was a common idea and I think the author gives some basic predictions of bitcoin price. Yes, we experienced a short correction but the price of bitcoin was always resisted, did not fall beyond the $30K price in the market.

Why bitcoin fall? My assumption is because whales or big players on the market trying to manipulate the price. But that is not easy as that, I think for now it's hard for them to manipulate because bitcoin has real investors. Individual and institutional investors are on in bitcoin and we are not on hype, bitcoin price increase is an organic growth made by real big-time investors.

[kentrolla]

Supply, demand, risk the reason can be anything but after a massive rally from 3.5k to 40k now it has dropped 11% do you think it's big deal. We merely saw a dip after all time high, to me this dip is not different from the past corrections. The price has already surpassed new highs and this downfall was expected and nothing new people are spreading propaganda as BTC bearish as started if this is true then take this as opportunity and invest for better future.

[Sanitough]

Bitcoin’s unexpected 11% decline has led it to hit its ultimate lowest level for the past three weeks as of 21st Thursday. I found and interesting article on this, what is your opinion? Let me know.

_{Source:
https://mycryptoparadise.com/bitcoin-refutes-claims-of-a-double-spend-flaw-responsible-for-the-cryptocurrencys-11-decline/}

Unexpected, seriously?

Bitcoin has a lot of bettors on it, some want to short it so a dump is normal, and besides bitcoin is a high volatile asset, there's no way it's called that way if the market does not fluctuate big time, so don't get surprise, because of the huge pump, a dump or a correction is what we are witnessing now.

[irixo10]

On one hand, many attributed the Bitcoin fall to the fud about double spend while it can also be attributed to market correction. Also, this price fall which I see as market correction is anticipated, because with every bull run comes price fall which is healthy for the market and in many case where it will pick strength and start growing again as seen in several cases before Bitcoin set a new ATH, in some cases it might lead to a bear market, hence the need to understand the market can't be predicted and always necessary to take profit if need be. Lastly, just know that there are people who are always ready to spread various news in order to bring down the price of Bitcoin thus the need for a good understanding of Bitcoin in order to stand against such.

[BIT-BENDER]

 Its was a fall I thought has not reach it potential maximum, the correction is what I expect from Bitcoin, this year after the preceding year was very exciting, for Bitcoin price, I think more correction in price will happen, it price may go as to $15,000 my opinion, but I think the rise will pick up before 2021 draws to a close and end with a new all time high.

[Peanutswar]

Price movement in the market is just a normal thing if the demand does not too much hype there is a possibility of being stable. Also, there are a lot of factors why does the price of the coin falls or increases, news, investment, adaptation, possibly growth, and other factors. Still just need to keep aware of the possible chance of the coin through the use of the market analysis, if there is a downfall there is another rise but make sure you made a good investment before risking.

[khaled0111]

Clearly the person who wrote the article doesn't know anything about bitcoin or how it works.
There were no double spending. No couns were spent twice. It was a block reorganization.
Bitcoin price rose from ~$15k to ~$40k in few days and everyone were expecting this correction. Nothing more nothing less.
Stop spreading FUD!

[ImHash]

There will be more price drop in the future, it's the nature of Bitcoin, or let me say the free market with a decentralized coin. when you realize the nature of Bitcoin, you will see that price changes, volatility is a part of the system. it actually sweetens the whole thing for investors and especially day traders.

[Mistafreeze]

Bitcoin’s unexpected 11% decline has led it to hit its ultimate lowest level for the past three weeks as of 21st Thursday. I found and interesting article on this, what is your opinion? Let me know.

_{Source:
https://mycryptoparadise.com/bitcoin-refutes-claims-of-a-double-spend-flaw-responsible-for-the-cryptocurrencys-11-decline/}

That's not the only reason of price fall. Most of the market is still controlled by bug whales and they manipulate it to their advantage. When price reaches a certain point, they sell and cause price fall. Once they made profit from their sell, they buy back at lower price.

[Iron Fist]

That's not the only reason of price fall. Most of the market is still controlled by bug whales and they manipulate it to their advantage. When price reaches a certain point, they sell and cause price fall. Once they made profit from their sell, they buy back at lower price.

What are "bug whales". Sorry for the newbie question.