Quote from: silent17 on February 13, 2018, 09:10:00 PM

Quote from: daarul50 on February 13, 2018, 08:40:20 PM

Quote from: raiangelah on February 13, 2018, 07:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

The price of bitcoin on the market today is determined by bitcoin millionaires. This drastic decline is the act of the millionaires because they want the bitcoin prices to fall deeper so they can buy bitcoins at the cheapest price so they can benefit again when the millionaires are pumping. So, if you want to control the price movement of crypto then you must be one of the bitcoin millionaires in the world. Grin

I also think some of the millioners do this because they have the money to dump and buy a huge amount of bitcoin. I think they will buy a huge amount of bitcoin the suddenly they will dump it all at once. for them to gain more profit.

So it mean to say that the drastic decrease of bitcoin value is because there is a market manipulation? maybe that's possible because i believe if there are many selling than buying the value of a specific thing will decrease. There are many speculations for the causes of lowering bitcoin's value and one thing im sure and that is because there are more supply than the demand.