Ninjastic
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Re: Why is Bitcoin falling?
by
Maddinson100
on 28/05/2018, 06:35:13 UTC
Quote from: perfect999 on May 22, 2018, 05:30:04 AM
Quote from: marcbitcoins on April 27, 2018, 02:34:58 AM
Quote from: dayem708 on February 05, 2018, 04:27:52 PM
Bitcoin has fallen by more than 56 percent since the turn of the year, after peaking at nearly $20,000 in December 2017.

CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Government’s stance on cryptocurrencies.

The main reason during this moment of falling down was due to MT.Gox revealed activities of selling of massive of Bitcoin which worth billion of dollars. Because of this the Bitcoin price crashed in which it create a panic selling for most of the holders of Bitcoins and Altcoins but now the Bitcoin is recovering and starting to a bullish performance but we should always be aware as this is probably manipulated by the big whales once again like Mt. Gox who are pretending as an exchange but i believed they are one of the big whales that manipulating the market.
As we know that the fall experiences in Bitcoin generally varies with its demand and the present situations says that the demand is in equilibrium and is not changing with big margins that is why the current market is stable and does not show any sudden increase or decrease. The Bitcoin has been rising since the start of this year and this rise will go on increasing in the upcoming days.
Who said that Bitcoin is falling? Bitcoin is not falling but the market value is stable these days as the demand is continuously fluctuating and the price is stable between 8k dollar and 9k dollar. The rate of increase and decrease is the same that is why the demand is following both the trends and will result in a stable market price. The value will soon go high as the market is growing more and will grow in the upcoming days.