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 value of bitcoin dramatically increase in about three months ago and that is why you also see dramatically decreased! What ever go up must come down and that is what you see happening. The price cannot consistent going up and vice visa and we should expect this to continue going on as far as this market remain. Many people think that bitcoin is going to continue going up and up until it get to the price that they want to sell before sell off but this is not possible as the price may get to were you what it to be and there will be no one to buy.