I wonder why the price of bitcoin going down again even after the chinese holiday. Is it that it has to retrace back all the spike of 2017 or what?
The reason we are crashing right now in my opinion are caused by miners. Miners are clearly manipulating the market. Not whales, tokyo whales, common traders or any FUDs. Miners are using FUD news to dump at every chance. Reason for this? Plain and simple. It hasn't been profitable to mine in the past month. Solution? Simply don't buy. If you need to sell then sell. But let them pump it and dump it on their own. Do not feed them! This is just my opinion. Although in my experience this is very clear are caused by miners. When we stop buying they can pump it themselves and dump it themselves. This will cost them a lot. Eventually market will settle. Have a good Sunday!