Ninjastic
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Board Speculation
Re: Time to sell? Or to buy?
by
Positid
on 26/07/2016, 06:34:09 UTC
Quote from: dunfida on July 26, 2016, 04:31:37 AM
Quote from: madwica on July 26, 2016, 03:23:48 AM
Quote from: TheGodFather on July 26, 2016, 03:00:07 AM
Quote from: btc2double on June 21, 2016, 12:30:22 AM
What do you guys think?
Since the price keeps going lower the whole day.

Also why is it going lower ?

Just because of the people who want to sell rather than buying. If the sellers are more bigger than the buyers, literally the price will be lowered. But if the buyers are bigger than the sellers, then that's the only time the price will be higher. The price of bitcoin varies about the investors. Sometimes, other people also stocks some bitcoin in their wallets and after some time, they would rather sell it when the price is so high. So that's a good idea to gain profit.
As of now the price is very stable because most of the users now are keep holding and hoping for the pumping of price and also the whales are waiting for the massive adoption to have moving of its price.

We can see the price of bitcoin is stable after the halving event and as of now it gets lower. You are right that price depends on supply and demand of bitcoin investors these are the things which really affects the price of bitcoin and some are still holding it waiting for the big pump just like what happen in previous years.
While there are some manipulation that is happening but with the continuous adoption of the new player in the market, the price will eventually increase and no one can prevent that from happening so we just need to be patient at this moment.