Why BTC regularly comes down?

[sacrotic]

No one know the right answer but I think this is impact from high fees and price, when market go too high, public will stop buy and wait. We need to reduce risk and maybe 28k for buy back. Everything haa end and history will repeat again.

[Astra]

Bitcoin prices are falling every day. People blame Elon Musk and China for the constant decline in the price of Bitcoin. Various investors are currently very frustrated. When the CEO of car dealership Tesla accepted Bitcoin for trading, every investor was much happier. But now Tesla Ers Eo has suspended Bitcoin again. So the level of investment around the world has decreased, albeit slightly. So everyone thinks that the main reason is that when Tesla suspended bitcoin, the price of bitcoin has been falling.

Elon Musk and the Chinese government only brought closer and accelerated the next general drop in prices in the cryptocurrency market. It was all the same inevitable, because the last unprecedented price increase lasted from October to May, that is, for seven months, and the cryptocurrency cannot constantly rise in value. Market participants inevitably start fixing their profits by selling them at high prices, supply increases and prices inevitably fall until they reach a support level. After that, people start buying cryptocurrency at low prices and it goes up. This repeats cycle after cycle.

[Phython]

What is the BTC rules? This is what we see, we have got the time limit for contacting us which we do not know. The current state of Becten is very bad. Elon Max has made bad comments about Bitcoin, yet the Bitcoin market has not had much of an impact.

[zilzylian]

Technology and demand levels affect the price of coins in the crypto market, when price increases occur, the number of requests increases, currently the number of requests decreases and some altcoins always follow the price trend of Bitcoin, new ATH will always come and there is no need to panic because we have seen this same in 2018

[syedrasool2011]

Yes it will go down price is going down and down it will go to 22k after it that it will pump all time high may be it will take time dont worry we are in bullish market for be patience hold and wait.

[Suma Islam]

Bitcoin prices are falling every day. People blame Elon Musk and China for the constant decline in the price of Bitcoin. Various investors are currently very frustrated. When the CEO of car dealership Tesla accepted Bitcoin for trading, every investor was much happier. But now Tesla Ers Eo has suspended Bitcoin again. So the level of investment around the world has decreased, albeit slightly. So everyone thinks that the main reason is that when Tesla suspended bitcoin, the price of bitcoin has been falling.

Elon Musk and the Chinese government only brought closer and accelerated the next general drop in prices in the cryptocurrency market. It was all the same inevitable, because the last unprecedented price increase lasted from October to May, that is, for seven months, and the cryptocurrency cannot constantly rise in value. Market participants inevitably start fixing their profits by selling them at high prices, supply increases and prices inevitably fall until they reach a support level. After that, people start buying cryptocurrency at low prices and it goes up. This repeats cycle after cycle.

The current state of Bitcoin is very bad, we can understand when we look at the market. The price of Bitcoin was 60 thousand dollars a few days ago. The price of that bitcoin has come down and now the current situation of those who used to trade with bitcoin around 40 40 has become very bad. But this day will not last long.

[Anonylz]

No one know the right answer but I think this is impact from high fees and price, when market go too high, public will stop buy and wait. We need to reduce risk and maybe 28k for buy back. Everything haa end and history will repeat again.

Well to me, the Bitcoin market is usually up and down due to price action. Most investors will definitely want to take profits at some point especially when the market is already showing the indication that it is in overbought from any of the indicators you use, maybe RIS. In this case, the more investor is selling to take profits, the more the price will drop coupled with the panic sellers at the time of price dips. Outside this, it could also be a FUD from any influential person or country forcing people to panic sell again.   

[Gyan1]

BTC will go to the moon but it has to go down first to do so. The faster it will come down the bigger it will jump .

[CryptoStar19]

Basically bitcoin comes down regularly because when it goes up in value, it exceeds what the market feels is the fair value, then price action comes down, it gets lower that what the market feels is the fair value, then price action goes up... and on and on and on.

This plays out in the minute-to-minute time-frame just the same as it does day to day and week to week.

[Stuart]

Unto the normal look and nature of the crypto world, this is actually termed to be price correction for a new price shot, but now with some fundamentals coming into the system is having some other effects to the price of bitcoin. The taxation that is to be implemented by the US government is one that will have a serious effect to bitcoin and crypto market at large. Elon Musk have his effect on the market by his tweet before now. Since the continuous fall in the price of bitcoin, tweets from Elon Musk doesn't really have much effects again, as the traders and investors have turned to see it as some kind of FUD in the market. It is a wish that the market recovers soon from this bear market, cause it is really affecting lots of people.

[therozaq]

From 1 month BTC comes down regularly and the other ALT coins will also comes down what is the main reason that it comes down day by day?

Maybe Chinese government has banned bitcoin mining now the reason why bitcoin came down.
But I hope It's just temporary..
Market will recover again and we will see the bullish again.

[Freemind]

Maybe Chinese government has banned bitcoin mining now the reason why bitcoin came down.
But I hope It's just temporary..
Market will recover again and we will see the bullish again.

The Chinese government ban is important, of course, but it is not the most important after all. The whales are lowering the price of Bitcoin to create fear among the most fearful users. All this added to the fact that many people have also withdrawn their profits and the general fear of new investors causes things like what is happening right now, but it is not a big problem either. The market has always recovered, now it will be no different.

[mlawson71]

The vast majority of the mined Bitcoin comes from China. Is the ban not the most major problem right now?

[Freemind]

The vast majority of the mined Bitcoin comes from China. Is the ban not the most major problem right now?

No, the Chinese government ban is not the most important thing in my opinion. The Chinese government gave a deadline for the mining groups to cease their operations, the vast majority of these mining groups are moving all their equipment to other countries to continue mining Bitcoin.

If I remember correctly, there is more than one country that is receiving these groups with open arms (but raising electricity rates) where it is possible to continue mining without problems. Once mining pools get back on track, the problem created by the Chinese government will turn out to be further decentralization in mining, and that's not a problem, it's a really good thing.

[Master107]

Decentralized and volatile.

Generally, if Bitcoin become regulated. Volatile market would end. No more major ups and down. Just minimal and manageable loses compare to unregulated even -60% lose is possible imo.