Post
Topic
Board Speculation
Re: what affects the price?
by
newcollegestar
on 24/05/2018, 05:02:45 UTC
bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price

what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated Smiley

I think negative news can affect bitcoin prices, as many sellers become panicked, and bitcoin prices are falling, as bitcoin prices are set by the market.
Rumors are always spread by your competitors and these are cheap market tactics for beating up your opponent. These kinds of things are many times done by technical and development teams of altcoins and I think real bitcoiners are well aware of this. The point is that we don’t deny the bad performance by bitcoin at times but they do exaggeration of the problems in order to make new investors panic hard.