What Make Bitcoin Price Drop ?

[teamfearless]

What is make bitcoin price drop !

when supply of a product goes up, the Price of a product goes down. Too much of a demand for the product will cause the supply to diminish. As a result, prices will rise. the product will then become too expensive . 90% of bitcoin blocks reward has already  been  mine and all crypto  currency  depend on bitcoin so the demand ratio of bitcoin is really high  still bitcoin keeps dropping .. I want to know what is behind it !!

[Jayde]

Some people said that it’s a ABC correction, I still don’t know the reason behind this drop too. Bitcoin has sideway for the last three days and suddenly drop without any new, so strange this time

[tsakf]

What is make bitcoin price drop !

when supply of a product goes up, the Price of a product goes down. Too much of a demand for the product will cause the supply to diminish. As a result, prices will rise. the product will then become too expensive . 90% of bitcoin blocks reward has already  been  mine and all crypto  currency  depend on bitcoin so the demand ratio of bitcoin is really high  still bitcoin keeps dropping .. I want to know what is behind it !!

This is a market driven by uncertainty and fear. People do not respond logically, but emotionally. The Ethereum fork, brings a new tomorrow, and participants want to leave to be safe. When the forking dust settles down, we will see the market direction.

[trauchot]

Everything is simple, this is manipulation, the market cannot immediately fall into tens of billions in a couple of hours, even due to negative news, there are just billionaires and millionaires who manipulate the market, have proved this many times.

[Marcus]

There's one reason for BTC to loose its value really quickly. If HODLers start panicking and selling their stuff, we'll see a huge price drop.

[damsix]

It seems that we also need refreshing for this because this is a real market.
It is very difficult to predict the price of Bitcoin, it is definitely decetralized.

For example, in 195 countries in the World (which are open to trading Bitcoin) all have 0.1 Bitcoin.
Then there are in the markets of Binance, Bittrex, Coins etc.
Everything is united in price and it's very difficult to predict.

The price reduction is also due to many who sell the Bitcoin, to buy it at the lowest price.

[MVT$]

There's no specific reason. It's just that there are more sellers than buyers. "Bears" who short BTC price are more dominant at the moment.

[MOProgress]

There are several reasons that caused the fall of bitcoin price, one of the reason is that some people FOMO sell, whenever they see any negative information, they don't confirm whether it is true or not.

[Luis]

There's no specific reason. It's just that there are more sellers than buyers. "Bears" who short BTC price are more dominant at the moment.

Agreed, bear still conquering this market and they will do everything to keep the price of Bitcoin as low as possible for their purpose of profit

[Leny]

I think there are a lot of negative problems with Bitcoin, so the price of Bitcoin that we can see today falls, we are still very excited about trading Bitcoin, of course ... for the price of Bitcoin it will find its glory. again, only now all countries are experiencing a global economic crisis, so it is likely to affect the decline in the price of bitcoin, someday bitcoin will be brilliant.