Quote from: Lorence.xD on May 16, 2018, 06:31:48 AM

Quote from: BattleOkapi21 on January 27, 2018, 06:53:46 AM

For me I think the main factor that's affecting the price of bitcoin right now is the news about the governments action on bitcoin. Recently, we have heard the news of governments either regulating or banning bitcoin and it does affects the state of bitcoin in the market.

There are so many indicators that have some effects on Bitcoin price to fall to the level which in not accepted by investor on the said project, But the main issues that affect the Bitcoin are Banned, and Regulation on the acceptance of crypto currency market trading, not to mention the entry of scammer on the market. this are just a few indicators which bring the down the crypto currency market trading. We already seen this thing had happened to the previous months when Bitcoin price and all other crypto currency was hammer by a lot of issues posted on the market.

And this indicators lead people so panic, causing a domino effect on the market and worst the price going down causing more people to panic, its cyclical and we can't do anything because the market is based on speculation. So we already identify the main causes or factors that trigger the price to go down, then what should we do? For those seasoned veterans in the market, its normal they are not affected, however for newbies, you really need not to be emotional and not just push the sell button. You need to understand what's causing this, so its better for you to just wait it up and see how it goes once the dust has settled.