Post
Topic
Board Speculation
Re: Are you enjoying the crazy Bitcoin price rise?
by
Qunenin
on 31/05/2017, 13:56:34 UTC
The btc price reach good amount then recently the value drops a bit because of that i lost some of my btc however thats part of investing in btc you should be prepared, im not greedy because before i enter in this kind of investment i know what to expect. just go with flow but if you cant take the pressure then better quit.

I personally think that the price pumps and dumps of recent are due to the fact that there are many people out there that only keep a passing interest in Bitcoin and may have not even looked at the price for the last six months.  That means that the last prices they saw were either in the $600 range or just hitting $1000.  They wander away six months and come back to a more than 100% increase and their interest goes from casual to fired, meaning more trading, more buying and more price changes.