Quote from: aardvark15 on November 30, 2017, 07:35:36 PM

Quote from: traderperspective on November 30, 2017, 07:21:56 PM

What do you think the latest days big fluctuations are due to?

The price of Bitcoin rose too fast and many investors wanted to cash in profits. Traders tend to sell when the price spikes up high and will then buy back when the price dips back down. This is how they make profit from trading.

Im sure there are others that were alarmed by the huge price increase and expected a correction so they just took their profits.

Volatility is very common with cryptocurrencies. We see this happen quite often and fortunately the price of most of the major cryptocurrencies will eventually recover.

Most of the cases in cryptocurrencies is really unpredictable and with that scenario after volatility happens usually at dumping stages like decrease of the price value, price is really recovering back to a much higher price compared from its current price. For now we will notice bigger fluctuations which you cannot prevent to happen, because more investor will dump at this current state at profitable price value that will provide bigger amount of money to quick traders. After all those on waiting investors will also invest their money when bitcoin price fluctuates to lower percentage of the price, then hold again for another future increase.