Quote from: aardvark15 on February 02, 2018, 09:04:10 PM

Quote from: srilankarox on February 02, 2018, 01:17:17 PM

Why is the bitcoin price going down? Sad

One factor was the announcement by Facebook that they will no longer allow any Bitcoin or cryptocurrency advertisements on their site. This combined with news of tighter regulations in South Korea and India helped push the price down. The cryptocurrency market emwas die for a correction anyway, so all of these factors played a role.

The problem is that some investors who really do not understand what they are into, panic at the slightest news they hear that is not in favour of cryptocurrency and then they bail out even at losses while they allow the institutions to play with their intelligence. Facebook had their reason for this and not because they were against cryptocurrency, but because they could not eliminate the good ones from the bad ones and for the sake of investors, they just had to halt it.

However, the good thing is that most of the coins have so much bottomed out right now and only those who are smart enough will know that this is the right time to fish for a good product and buy more, rather than panicking. Take a look at the past, there was no downtrend that lasted forever, as it will recover. Over time, every newbie will all get used to it anyway while some will regret the fact that they wasted so much time complaining when they had the opportunity to take action.