Hello!
Over the past days BTC has fallen quite a bit, also ETH. Any clue why? Seems to be opportunity to buy more.
Over the past days BTC has fallen quite a bit, also ETH. Any clue why? Seems to be opportunity to buy more.
Well, bitcoin was overpriced. I think that the natural range for bitcoin currently from the demand and supply is probably $2200-2500. When overpriced, there will always be a correction. Ntohing surprising. Same with ETH but in ETH's case it was a huge ass bubble instead of just overpriced in bitcoin's case.
Gold is down.
Silver is down, too.
I would guess those holding gold/silver/bitcoin sold off to produce more liquidity for themselves or its a form of price manipulation.
If the two italian banks in bankruptcy held gold/silver/btc and sold off their holdings to payoff their debts, that might make sense.
Silver is down, too.
I would guess those holding gold/silver/bitcoin sold off to produce more liquidity for themselves or its a form of price manipulation.
If the two italian banks in bankruptcy held gold/silver/btc and sold off their holdings to payoff their debts, that might make sense.
Interesting observations. I have been following gold/silver charts as well and was surprised 2 days ago on how gold and silver went down so dramatically. Maybe you're right ,there is a direct link between gold/silver price and bitcoin because they're all considered commodities and store of values. But it is probably more likely that people just wanted to get rid of their coins becaus ethey felt price was overvalued.