Why is Bitcoin Down?

[Lauda]

Looking as to why bitcoin is down

[Assassin]

The whole market of cryptocurrencies is down with over 25%, in the last hours it started to increase back a little. Dont worry it is just a manipulation from the big guys of cryptos to get the price down so they can buy when the price is low and sell back when it gets higher.

Soon all the coins are going to increase back even higher than before. It is not the first time when this happens and surely not the last time. Dont sell anything, my recommendation is to buy even more while the price is down

[Rashid pk]

right now it's again start rising. i think this month again Bitcoin price touch $20000.

[QlooQl]

Because bitcoin is a failed project with high fees and it is controlled by chinese mining operations that are milking free energy from the government.

[Dakandikid]

Because bitcoin is a failed project with high fees and it is controlled by chinese mining operations that are milking free energy from the government.

If you don't mind me asking, why do you say it's a failed project?

[Asfand]

maybe it is because the Chinese who ban exchanges. On the other side, AliBaba start bitcoin mining operation lets see who will win this race. I hope the potential will come back to the market.

[aiviaa485]

because it's the nature of cryptocurrency.
all cryptocurrency experienced the same thing.

there is a rise and fall, if it goes down so deeply that is lack of interest in the cryptocurrency.

[Omega]

Demands is what the factor why it decrease and why it increase. The more demands comes in the more chance to increase. In fact once bitcoin decrease all cryptos are affected same when it goes up.

[Kusuma]

No, bitcoin isn't dead yet. This is only a decrease in bitcoin because many are selling. At present the market is falling, but in the future the market will rise again.

[arifrey77]

Because bitcoin is a failed project with high fees and it is controlled by chinese mining operations that are milking free energy from the government.

Don't be hypocritical, if bitcoin goes up you laugh happily as if your world can have. and if prices go down, you will ridicule Bitcoin. Every year bitcoin continues to experience price increases, and that is a fact. don't underestimate bitcoin !

[Miftakhul2]

the price of all the coins on the market decreased by 25% or 30% was caused because there were little problems with the transaction and permits, but if all had returned to normal then the market price would rise again ..

[Iconic]

The reason why bitcoin is down is probably because of the manipulation of whales, but I cannot guarantee it exactly, just a guess. They make low prices so people panic sell and they can buy at low prices. Other than that, the negative issue and the existence of a ban on bitcoin in some countries, could be a factor in the decline of bitcoin prices.

[Cryptoz]

For me, It may be caused by two main factors:

1. Market game, played by whales
It is one of the factor behind the down cycle. They can manipulate the market price to be dropped in such rates.
2. Bad Issues
Bad issues can give negative effects for the market prices. People be worried and sell their coins in a large amount.

But you can find more factors that makes the Bitcoin down here: https://www.quora.com/What-makes-Bitcoin-and-Ethereum-prices-go-up-and-down

[Doctor]

Looking as to why bitcoin is down

The main factor why bitcoin is down, I think demand and supply. Negative issue also affect thebvalue of bitcoin.

[mojerjer]

Bitcoin market price value are still decreasing due to manipulation of some big guys in the crypto.For now all crypto currencies are dropped by 25 percent but it won't take long this will rise later this month.