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 ...
I think most of the trader and bitcoin investors who's been with the journey of bitcoin already expected that bitcoin will fall after the hardfork but bitcoin managed to go up again may not be as highest as it was when it made ATH but the increase is still good after that drop.