Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin is going down?
by
canvan
on 22/12/2017, 18:26:51 UTC
The weakening of the virtual currency, Bitcoin is thought to be due to the booming influence of Bitcoin Cash (BCH), one of the cryptocurrencies that has recently started to affect the market. Bitcoin Cash price increase trend, according to him, one of them is caused by the transition from Bitcoin owners to Bitcoin Cash. Bitcoin's price decline follows supply and demand laws, while Bitcoin Cash has the opposite.

No one is moving from bitcoin to bitcoin cash, certainly not institutional investors, merchants or exchanges. The cause of the price going down is just ordinary speculation since it moved up much too fast and in fact bitcoin cash dropped more than bitcoin in the last 24 hours.