Quote from: TravelMug on September 22, 2017, 11:19:29 AM

Quote from: Asteria478 on September 22, 2017, 10:28:36 AM

Is there any reason why the btc price is dropping again? Im keep checking the news and i cant find anything which could be the reason of a 200+ drop in the last day...

Also, it looks like the bitcoin is always dropping fridays / over the weekend?

If you are here for at least 6 months, you would have notice by now that the price specially during the end of the week is going down because traders cash out for reasons that they may need money for a weekend get away or spend their profit in other activities. Its a normal thing to see here.

However, with this dip again, I'm seeing that those Chinese who have bitcoin on those local exchanges are somewhat trying to dump it but very slowly as to not cause panic once more. I speculate that this will continue up to the end of the month and early next month when all of them are completely shutdown. So better hold because once they are done and the price goes down again, if would be a perfect opportunity to stash more bitcoins.

Im holding since 2014, but i never felt those drops this hard before and it keeps going down for some time now and i dont see any hope currently to get it back to 5k or even 4500?

Another question, why do other currencys like XMR ETH etc also drop when the btc drops?