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?
It is a normal thing to see bitcoin's value to go down. Pumps will happen anytime that's why you should be be careful before selling your bitcoin. Don't get upset whenever there's a dump instead you should just be patient and know that the value will still rise so just keep on hoping. No one knows the reason why bitcoin's value fall down but one thing is for sure, it will still rise later on.
Correct. Whats wrong if bitcoin price gets low. Its a normal thing. Bitcoin is design to be a volatile. Anytime it is likely to change its price in a sudden or extreme way. Dont believe to those people's supposition why it drops. The important thing is if its value drop, buy, hold, and sell when the price is great.