Post
Topic
Board Speculation
Re: Why Is bitcoin going down again?
by
niteroy
on 18/03/2018, 20:05:06 UTC
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 price falls due to the fact that some people having capital play with the bitcoin price, using mass media, the release of large amounts of bitcoin on the exchange, which increases the "offer" and lowers the price of bitcoin. This is called classical speculation, so do those who do not understand blockchain technology and buy bitcoin only with the goal of buying cheaper and selling more expensive. And those people who buy and use bitcoin in everyday life to settle with other people, store and do not sell it at the first negative news realize all the advantages of bitcoin, believe that it is this real digital gold and believe that technology blockchain in the near future will cover absolutely all areas of our lives.