Re: Why do you think the market is down right now?

is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

The downside is normal in every market. I know people are panicking because the bitcoin has gone down so fast. Indeed, whales are controlling the market so that prices do not go down too much. I think the downside is that the dot-com bubble burst. The bitcoin going so fast will be the foundation for a strong downward move. that is the rule Grin

in each trading market , price moves up and down is normall.and we should adapted with this condition.dont againts the flow or we could die in market.in bearish market we could take best opportunity to buy coins in dip.

I did not find any news from the cause of the current decline in the price of bitcoin. well maybe people prepare for the possibilities that occur at the end of the month. well, hopefully the price will not fall far, and immediately go up again with a high price.

Nothing we can do except holding the bitcoins. No one want to lose their money nor we can control the price the only thing will left is holding as much as we can.

In my opinion the market is down because of the low demand from all over the world. When there is no or very low demand from the people, the price will naturally go down. Many investors have lost their money in bitcoin and they have no more trust in bitcoin. They are dishearten and do not want to put their money in bitcoin. That is the big reason for fall in the price.