Quote from: Ararbermas on October 02, 2017, 03:15:48 PM

Quote from: Leo Liang on September 18, 2017, 06:21:19 PM

i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks

There are some causes why bitcoin didn't stay for a awhile in a value. . Cause of some reason that depends also in market situation which is the more using of the currency the more of chances that its keep rising its value cause as iknow it depends also in the market rate . And some reason also why bitcoin has a volatility attitude beacuse of the china . They decided to banned some of the ICO and aslo affect on the bitcoin value. in the past week it has a deeper drop but as of know its gaining more strength.thats are the reasons why bitcoin keep volatile its value..
And i hope that there are no more issues emerge that can stop bitcoin and reach our predicted value as well

yes that is a fact that a lot of reasons are there which are in fact responsible for increasing the price of bitcoin. but i think that the main reason is the interest of the people, If people will continue their interest in bitcoin trading then its price will also continue increasing, The other reason which is also responsible for the increasing in the price of bitcoin is that bitcoin is decentralize currency and its users are present throughout the world which is also causing the increasing in the price of bitcoin.