Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?
For me, Yes bitcoin is dropped too far and i think it would not expecting by many traders, but i think soon the price will be back to the price before and we can hope that the price will be increase more. i think its normal that we have seen this situations because bitcoin itself is volatile and we can not predict when its down and when its up... And I also say ,Yes,bitcoin is a decentralized currency uncontrolled by any one.Unlike gold,whose price is controlled by world gold council,bitcoin price fluctuates as per increase and decrease of demand for bitcoin.Bitcoin is definitely like a roller coaster.When its price increases,its investors get happy and when its price decreases,investors feel sad ...