Post
Topic
Board Speculation
Re: BTC price will go down?
by
Zenithar
on 18/10/2017, 22:51:13 UTC
I bit stand still answering to the question. If you see the level of ups and downs, its so small. The increment is less and the drop is very less.  This confirms that bitcoin is so firm and stable in its growth.
I dont think bitcoin will continue to go down. The demand of bitcoin is increasing and yes this means it keeps going strong that people use into bitcoin. So the price will even rise in the upcomig months.
I think that the current decrease in the price of bitcoin was due to increasing price of USD. USD price increased in international market, so it not only effect bitcoin but its effect is also there in all stock exchanges and now we can see the quick recovery of bitcoin to its original position. I am hopeful that bitcoin will continue increasing its price for some more time.