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Speculation (Altcoins)
Re: Are we repeating the 2014 BTC crash???
by
CoinCollector006
on
09/03/2018, 01:48:44 UTC
There are several drivers that explain why prices are declining
1. Its tax season in the USA, some people will doubtless liquidate crypto holdings to pay their tax obligations
2. There has been a whale selling the Mt Cox trustee bitcoins
https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash
3. There is still na tremdndous amount of FUD
http://fortune.com/2018/03/06/bitcoin-price-10-years-harvard-kenneth-rogoff/
I personally think people like Professor Rogoff have a stake in the current fiat money printing system and therefore will attempt to destroy bitcoin.
I am still holding my bitcoins, and don't want to be shaken out no matter what the pessimists say.