Post
Topic
Board Speculation
Re: BTC Price
by
aardvark15
on 22/09/2017, 20:27:53 UTC
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?

It's a combination of things:

1) Over the last year, the price has risen from under $1000 to around $5000. That is too high too fast, so a correction is due and is expected

2) The price of Bitcoin trends upward but is always volatile.

3) China has made statements treating to outlaw Bitcoin exchanges but no one knows what will happen and the exact motives behind the statements.

4) New investors get concerned when they hear banking professionals making negative statements about Bitcoin like we have heard recently.

These are just a few of the reasons. I don't think this drop is a permanent thing but keep in mind that Bitcoin is a high risk investment so we can never be sure what will happen.