Why did Bitcoin go down in value so fast?

Bitcoin goes up, bitcoin goes down. It's going years like this. Hope in the end it goes over that 20K

Because people without any knowledge of it started investing in it and killed it that way

04-04-2018, 09:38 PM

410 Wrote: Because people without any knowledge of it started investing in it and killed it that way

Some sell to fast when they see a small drop. Then many will follow. Dropping prices again. But still most is in hand of the big boys.

It's mostly because of bans and regulations. But you have to look at bitcoin in the long term and it's going strong.

Bitcoin fell because of FUD and bans on crypto related advertisements. Money always moves from weak hands to the strongest hands.

05-04-2018, 03:19 AM

wealthyinvestor Wrote: Bitcoin fell because of FUD and bans on crypto related advertisements. Money always moves from weak hands to the strongest hands.

Thanks a good explanation

the big drop in bitcoin is due to bad publicity, to banks, to governments.
also all this is part of a strategy for bitcoin to lower the price as low as possible and then buy.
and most millionaires and wealthy people are investing in bitcoin, if you are a person with many followers or someone important just you just say a simple rumor to cause damage in the market to buy or sell.
Maybe I'm wrong I'm just a simple mortal, but I think now is a good time to invest because bitcoin will soon rise

Overhyped.
Too many people who didn't know what they were doing invested in it, and it was blown far out of proportion. Because of that, it died.

There were too many bitcoin adds and bitcoin was getting banned in many places.

Had no support follow up to go up and no pressure going up while it was going up. It had spikes however all were failed which was a clear sign that would fall