Hello guys, In 2017, Bitcoins price soared from 1,000 usd to just under 20,000 usd before dropping down to around 13,000 usd at the end of the year. Since then, its value has risen and dropped sporadically from day to day. now its around 8,300 usd. So what may cause this drastic change of bitcoin value ?
Value ia voltile because no one and no system has tge full control to maintain the value. The price is all dependent on how holders will handle their investment. The price changes when great number of user dump the price. At some point, the price might also show tremendous changes if the whale decides to since they have the greater volume of coin.