Quote from: VitKoyn on December 22, 2017, 03:43:38 PM

Quote from: Fantastic33 on December 22, 2017, 02:49:36 PM

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

Honestly, we cannot really say what exactly the main reason why Bitcoin price are crashing right now, but one thing is for sure that no one can possibly be able to obtain majority of hashing power and hack Bitcoin until today. And I am pretty sure that new cryptocurrencies are definitely not the main reason why this is happening, there are new altcoin that is being created almost everyday and nothing really affects Bitcoin price. What I think is it's just big investors that are taking their profit and this is expected to happen as the price of Bitcoin dramatically increase in just short period of time.

I agree with you mate. For me, the downtrend scenario of bitcoins' value is just a test of time and we can do nothing about it but just to HODL. And for other big investors, they are waiting for this opportunity, the lowest price to come and then its time for them to buy bitcoins because they already know what will happen to their big investments after months later or before this year ends.