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.
That's just how Bitcoin is, going up and down rapidly for the demands for it also changes rapidly. People might want to buy bitcoin today but tomorrow people might want to sell their Bitcoin followed by many others. In short, Bitcoin dumps because users wanted to dump Bitcoin at that time. They do it for many other reasons and it will be hard to list it one by one.