Post
Topic
Board Speculation
Re: How can you say that the price is Tanking when we're....
by
Rahar02
on 25/03/2017, 18:17:37 UTC
+54% these last 6 months and +123% for 365 days now.
It is always matter of perspective. Traders are tainted by the fact that recently we have short period of stability at high price.
We already forgot times before halving, when price was very low - below $500.
Normally at times like this we would blame volatility - but now everyone is blaming BU or scaling problems in general.
Because bitcoin price affected by those factors, so it will fluctuate since people buy the news.
When we were talking about bitcoin ETF, people believe it and buy bitcoin. Then, current matter is block size which related to BU and SegWit, people become so confuse and conscious whether bitcoin will divide into 2 coins or not  even maybe the price will crash, cause massive sell out to get as much a money they could.