I think there are a couple of reasons why Bitcoin keeps decreasing nowadays.
Reason #1: Banks and credit card issuers are starting to ban holders from purchasing cryptocurrencies using their own cards. It includes Lloyd's, Bank of America, JP Morgan, Discover and so on. Expect that the other ones will follow suit and there is no doubt that BTC will keep declining for possibly another rough week for us.
Reason #2: The Republic of China is starting to implement "The Great Firewall" to block Bitcoin and cryptocurrency exchange sites from their country. Crypto ads are already removed from China's main search engine, Baidu, and other platforms.
I'm not worried because I keep my options open by building more assets through airdrops and bounty programs and classify them to short, mid and long-term. On top of that, I still keep my freelance gig that I'm earning consistent Paypal fiat money.
Reason #1: Banks and credit card issuers are starting to ban holders from purchasing cryptocurrencies using their own cards. It includes Lloyd's, Bank of America, JP Morgan, Discover and so on. Expect that the other ones will follow suit and there is no doubt that BTC will keep declining for possibly another rough week for us.
Reason #2: The Republic of China is starting to implement "The Great Firewall" to block Bitcoin and cryptocurrency exchange sites from their country. Crypto ads are already removed from China's main search engine, Baidu, and other platforms.
I'm not worried because I keep my options open by building more assets through airdrops and bounty programs and classify them to short, mid and long-term. On top of that, I still keep my freelance gig that I'm earning consistent Paypal fiat money.
This really isn't good news for Bitcoin at all which is obviously why investors exited as soon as they could to keep whatever is left of their capital/profits safe.