Post
Topic
Board Speculation
Re: Why the selloff?
by
Clement Kaliyar
on 18/03/2017, 02:55:24 UTC
BTC plunging down to $1134 and going lower by the minute.
It's natural to have a correction after a big increase. The price has shot up dramatically over the last few months so it shouldn't be surprising that some people are cashing some Bitcoins in.
It is naturally to see a correction after a big bull run but the market was steady even after the rejection of ETF and the current sell off is simply because of the talks regarding a fork in the network and the people who are mere investors might not understand what this mean and they might be taking a position to safe guard their asset by selling off at the moment.