This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?
Yeah its getting low for now but i dont lost hope because theirs a big change to rising up again.This is the test of our patience so i'm willing to wait that it will gonna be happened.
It will definitely rise in the future, but the big question is how much time this recovery is going to take. What if the prices remain at 8K levels for two or three years? If that happens, then the majority of the users will dump their coins, resulting in a sharp fall in the exchange rates.