Can someone explain why bitcoin prices fell?

Hopefully it goes up soon, don;t want to cashout yet and it isn't going up at the moment.

Prices come down to seller and buyers, so if the market is overbaught then we're bound to have more sellers than buyers leading to a lower price. At a huge scale this causes huge pricing changes which is why bitcoin is down so much. Every chad that bought bitcoin for 15-20k are trying to sell it for whatever they can get since it's not "mooning" like they thought.

09-08-2018, 12:01 AM

nulledmember Wrote: Bitcoin is not going to survive much more. The peak of January and the lost of the strength in February was very high. The best is change your cryptos as soon as possible!

Well if am to say I would do this exactly but then every market have its down time and I believe btc is going through downtime now, soon it will rise again.

im pretty sure btc price because of the etf situation waiting on september

Two words brother, market manipulation.

You got whales manipulating the market which brings down the market confidence.

09-07-2018, 02:06 AM

jkingsley22 Wrote: Can someone please explain BTC price fluctuation?
I really don't understand it and I want to get into bitcoin so I figured I would post this.

everyone counted everything

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09-07-2018, 02:06 AM

jkingsley22 Wrote: Can someone please explain BTC price fluctuation?
I really don't understand it and I want to get into bitcoin so I figured I would post this.

everyone counted basic math now it's very complecs and noone wants it

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12-08-2018, 06:54 PM

Aphotic Wrote: Hopefully it goes up soon, don;t want to cashout yet and it isn't going up at the moment.

fhgzdrhaerhfdhaerhreh

It is the movement of the market - infact any movement in any financial markt makes up and down (wave) movements!

09-07-2018, 05:13 AM

Gawerty Wrote: Bitcoin popularity surges based on a lot of differing factors, one such being bad press; this is actually a big reason for a few of the recent price fluctuations; however another reason is the fact that Bitcoin doesn't have a set-in value - people perceive bitcoin as being in large, a platform where they can flip 100 into 1000 essentially (what I mean by this; is that a lot of people will stop selling bitcoin because they are guaranteed for someone to make bitcoin popular in the media, which in turn increases their chances of making a larger profit at a later date.)

There is also in-turn the fact that investors as a whole are wary over exposed security breaches involving bitcoin - this will cause the value to drop somewhat as people as a whole become severely cautious in regards to buying bitcoin in fear that something could go wrong.

There's plenty more I could say on the topic, but i'd be hard pressed to tell you every single reason as to why the price fluctuates so much, all I can recommend is if you decide to purchase bitcoin in the future, you need to do a TON of research, be absolutely sure of what you are doing before you invest into crypto, it can be dangerous if you don't know otherwise.

Oh come on this has always been a problem with btc. We had a small bull run and this is just a pull back. Overall we are still in a pullback from the 20k mark and have yet to really change that momentum though. Recently the small drop is due to the market pre pricing in the ETF rejections which everyone knew was coming as well as the CBOE futures expiring at the end of the month. Crypto markets consolidate just like every other major market.

Bitcoin is dropping due to the SEC denying some ETFs from hitting the market.

it was in the mainstream media which caused 'normal' ppl to talk about it and invest in it which is why it got up to 20k dollars. once the hype was over it started to drop