Post
Topic
Board Speculation
Re: Reasons Why Bitcoin Price Drops
by
AnthoRAX
on 19/10/2017, 20:13:25 UTC
One reason I can see is the truth that transactions are highly untraceable. The governments wants to have records of their people's transactions especially when it comes to income. Digital currencies', especially Bitcoin, transactions are not governed by tax laws of any nation and that is the reason why some countries look for ways to control it. This results to traders giving up their positions thus lowering the digital currency prices like Bitcoin.