3 Reasons This Becomes the Cause of Bitcoin Prices Dropping Drastically

[Goody28 259]

On 12/3/2019 at 2:14 PM, hmind said:

 

The price of Bitcoin in November was less friendly, the price of Bitcoin also dropped dramatically to $ 6,500.  The decline in the price of Bitcoin (BTC) is caused by various factors.  Among them are financial factors, geopolitical factors and so forth.  Among others are :

 1  War of Publicity in China Against          Crypto Currency.

 2. Tax Report Arbitration.

 3. Bitcoin Liquidity Quickly Evaporates.

 

Another trigger for the fall in bitcoin prices may be due to product development and acquisition of many interests, both companies and individuals who use cryptocurrency as a source of funding.

Dear mate sorry to say but I don't see any way that the war of publicity in China would be the cause of bitcoins sudden drop in price rate I don't think that it has any effect on the price of bitcoins

[Amir YT 202]

On 12/3/2019 at 7:14 PM, hmind said:

 

The price of Bitcoin in November was less friendly, the price of Bitcoin also dropped dramatically to $ 6,500.  The decline in the price of Bitcoin (BTC) is caused by various factors.  Among them are financial factors, geopolitical factors and so forth.  Among others are :

 1  War of Publicity in China Against          Crypto Currency.

 2. Tax Report Arbitration.

 3. Bitcoin Liquidity Quickly Evaporates.

 

Another trigger for the fall in bitcoin prices may be due to product development and acquisition of many interests, both companies and individuals who use cryptocurrency as a source of funding.

We know that any bad news can crash the crypto market. Because in the market there are few funds. And any big investors can easily manipulate the market price. Also any good news will increase the market price.

[Win 1015]

There is no one in youre list in my own opinion only buddy.all i know is the volume circulating and the demand in  the market that couse the price yo dump or pump that is the main reason i know

[Abiaan 1209]

not only on october but bears are again running all over in the end of feburary , price has dropped in the speed of light and still going on and on 

[hssnbobin5 0]

It takes place while people sell because of being scared of this or some thing that may have happened.

[Sunil kumar Behera 489]

Yeah considering several days the value of bitcoin is deceased.May be some countries are banned may this is one ofe the reason .Any some hackers are trying to hack cryptotalk so that for increasing security may moderator do work so may this is the reason.

[SuperCrypto 7193]

It appears that the $ 9000 level represents a significant resistance based on the highs of the sideways movement that we see, so I think at this point that it is only a matter of time before traders make a kind of decision and I expect that this might end up as an inverted head and shoulders pattern.

[Hanuman 253]

Bit coin price dropping day by day,

1. I think there will be some technical issue.

2. There are try to more strong but that couldn't 

3.sudden Network crash issue also.

[tienda 8776]

On the last month of the last year the Bitcoin price also dropped and in this time there are many expert said the cause is about the China Corona virus, and now again start the drop but this time is about the global corona virus, because the Corona expanded.

[lifelline1262 15]

The three reason might Contribute to the slow movement of bitcoin price, but I don't think it has much impact on the cryptocurrency, this isn't that right for now

[KURTAULI 1297]

On 3/6/2020 at 2:18 PM, Loly said:

Bitcoin is undoubtedly one of those markets that attract the largest number of traders when something like this happens. With that in mind, a break above the $ 9000 level may signal that the market is ready to rise.

In my opinion the price of bitcoin will not rise. Soon the price will start to decline and the price of bitcoin will be in the 6000-7000 range.                                                                                                                                                                                                                                                                                                                            

[Lover840 0]

On 12/3/2019 at 6:44 PM, hmind said:

 

The price of Bitcoin in November was less friendly, the price of Bitcoin also dropped dramatically to $ 6,500.  The decline in the price of Bitcoin (BTC) is caused by various factors.  Among them are financial factors, geopolitical factors and so forth.  Among others are :

 1  War of Publicity in China Against          Crypto Currency.

 2. Tax Report Arbitration.

 3. Bitcoin Liquidity Quickly Evaporates.

 

Another trigger for the fall in bitcoin prices may be due to product development and acquisition of many interests, both companies and individuals who use cryptocurrency as a source of funding.

Hello my dear friend. You said reason very true. China is always one of the main reason when it comes to price drop of bitcoin. They are always trying to manipulate the price of bitcoin. 

[Captain Karim 0]

Well, we are now facing a sharp down trend, we have many causes around the world like corona, the failure of the oil agreement and other factors, but is this the real thing?

[Opinder 1310]

On 22 november 2019 PBOC said that it would 'dispose of' all digital currency's  activities in China. And Bithumb and binance officies were shut down in China due to this news. Thus Chinese people started selling btc and price dumped.

[malik6314193 5449]

Yes you are right but now only and one reason of corona virus. Due to this all markets are low down and crypto currencies also affected. But now crypto currencies are going up. 

[Fedor00 74]

Surely one of the highest reason why cryptocurrencies have dropped in the last weeks is because of this virus. But it seems like now they are all recovering back up

[Treat1234 0]

This reasons are not enough envidence to showed that it has a negatives impact on cryptocurrency, this time around the Corona virus has a huge impact on all cryptocurrency and the fiat currency in this world

[Babubu609 0]

On 12/3/2019 at 9:19 PM, hellelali said:

I believe that. There are a essential courses to bitcoin be dropped to6500$.I have a good idea supported your courses. And also other reason about the afraid to big investor

There are of cause many reasons for the Bitcoin drop in price of which I can't bring you a list of that for now

[Philippe2001 356]

Bitcoin is now unstable and price is not stable from $ 5000 to $ 6000 
The difference is big and the loss of $ 1000 is not good
 The reason is global economic problems

[iloveyobit 6599]

Yes, bad news can make the price of bitcoin go down badly. Wars and crises can also do that, as happened with the recent Corona virus in the world, as it affected all financial markets.

[Shahud 1319]

due to corona virus the financial markets are gettinga attacked.and there are many factirs the effect on the Bitcoin price kike improper news and hypes.

[magd 5231]

I respect these reasons, but we did not see a sharp drop in the price of bitcoin from the last month in 2019 until the second month of 2020, but the spread of the virus and the epidemic that struck the world caused the suspension of trade

[Ch Ayyan 9781]

I don't  know  why prices  was decreased  before  May be alot of people were selling  crypto.  But the big reason  of decrease  in prices  is carona virus. 

[Wilmer Garcia 0]

There are currently many reasons why Bitcoin (BTC) falls dramatically in price importantly that many Bitcomers predict that its price will increase to 100% of the current price hopefully so

[DokAgsikap 145]

price drops because of this pandemic, any bad news really affects everything especially the market, it really really hits very hard, so people do panic selling nowadays because of that, they market crashes.