Post
Topic
Board Speculation
Re: Why bitcoin price is currently falling?
by
jc89
on 04/09/2017, 18:41:00 UTC
Hi guys. About current fall in bitcoin price. Is that because China banned the ICOs? If so, why did it rise before that? Can you guys please recommend some books to read which explains about the factors influencing bitcoin price? Thanks in advance

I think that the current fall in btc price is quite normal. China banning ico might have also something about it but not entirely. I think the reason for the fall is that when we hit the all time high at $5,000 people started selling off their btc. Thus the decline of the price. And people will start buying in again just like the old times. It has been the cycle and I think it's just the way it is.