Quote from: onecall123 on February 02, 2018, 04:36:26 PM

Quote from: srilankarox on February 02, 2018, 01:17:17 PM

Why is the bitcoin price going down? Sad

All the matters are confined in simple words, it's panic selling. Damn rally of continuous regulation on crypto exchange and mostly spreading of FUD is the culprit of price dipping.

And to top it up, that panic selling is one of the reasons why we give the institutions the upper hand in the market. I would not blame anyone though, there is really no good news for bitcoin right now and I see no reason why the buying momentum will skyrocket, but all the same, this kind of period is normal for any market, but the best is to keep all hopes high.

A lot of FUD is going around, a massive correction going on after a pretty big huge rise that almost turned to a bubble, and then the whales and institutions stepping in.

However, this is nothing to be worried about. We are getting close to the despondency stage, the market will recover and then you will start seeing the hope being raised up all over again. It has happened before, it will happen again, good you have experienced it now so you can have something to tell upcoming newbies.