Ninjastic
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Re: What is the factor of downfall of bitcoin?
by
dificanovi
on 08/02/2018, 13:44:31 UTC
Quote from: sandarajasmine on February 06, 2018, 04:56:53 PM
Quote from: jvdp on February 06, 2018, 04:30:31 PM
Quote from: sandarajasmine on February 06, 2018, 04:07:02 PM
As we all know, bitcoin price is currently falling. Is there any factor/cause of that?
This is not any factor But every year crypto market is down in First two months because some financial situation. This year many countries are banned in the cryptocurrency then again they fix some taxes and some countries are announced it is not suitable our country so they are not approving legally in cryptocurrency this also one of the issues in the market. Some hacking issues also affected in the market then lighting network is one of the reason.


Awesome! Thank you for enlighten me.
I think this is a tradition maybe because every year it happens like this in the first 2 months the price of all coins will fall, because this investors will soon sell their bitcoin, because they are afraid of more loss. the decline in bitcoin prices is now also due to the issue that some countries ban bitcoin in the country.