Quote from: Brigalabdis on April 10, 2018, 09:49:26 PM

Quote from: sofiasalmon on April 10, 2018, 09:22:44 PM

I've been observing the market for a longtime its now about a year . in your opinion, what is main culprit of decreasing the price of btc so dramatically ? Are you expecting the price to go up dramatically soon ?

In my thoughts, bitcoin dump because of some reason especially about the issue in South Korea. The price must be cheaper so the holders sell their bitcoin or any coin whatever they have. When they panic to sell, they didn't think what they've lost because they afraid of losing more profit.

Actually, i don't know what happen why it is still cheap because it is long time ago when the price must be go now. In my perspective, the price of bitcoin must be grow and it is the good opportunity to buy more bitcoin.

I don't think only because of South Korea bitcoin prices came down but along with that many governments started to regulate crypto trading exchanges and some governments don't know how to do it so they are banning crypto trading itself. For example, in India, after sometime investors can't buy and sell through their bank accounts so don't know how these exchanges can survive and it is nothing but a in-direct ban on crypto trading. All these things making investors take a back step and to monitor the situation so less demand for buying now.