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 decreased dramatically because the price increased dramatically at first, this is just the way the price of bitcoin moves, there was a huge demand for bitcoin and then speculation began and this pushed the price upwards it was bubble and like any bubble it was going to burts at some point since it was impossible to maintain that value for a long time.