Quote from: marcbitcoins on January 13, 2018, 01:01:03 PM

Quote from: alfwat on January 12, 2018, 05:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

This was due to the Prime Minister of South Korea declared that they will ban the use of all digital currencies in which resulting Korean investors to become afraid and decide to dump their coins than it will become no more use or no more value in their country. We just hope that the PM will change their mind and will continue to support bitcoin.

Once bad news like this come out, it would likely make the btc price go down. A minimal dump would make the btc price go down but it does not mean that we will experience a crash. Also, we have been experiencing a correction along with this. There will be a pump soon so that the traders especially will earn profits.

1 USD = 1 BTC is way too far. There are still so many supporters and users, so it's not likely for that to happen since many still have a hand on the market.