Post
Topic
Board Economics
Re: Why the price of bitcoin rapidly going down
by
Ailmand
on 30/05/2018, 21:50:33 UTC
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

Yes, Bitcoin is temporary. Bitcoin prices are going down fast because there are so many rumors about recent Bitcoin being heard. France and South Korea banned Bitcoin As a result, other countries are afraid of bitcoin. As a result, Bitcoin prices are much lower in the current market. Which is $ 8K below. Which is a bit disappointing for Bitcoin users. Moreover, Bitcoin is a currency. It is normal to increase the price of bitcoin. If we look at the record of 2017, we can understand how much the price has increased. In particular, in the end of 2017. But the prices are very low in early 2018. Some people think that the prices of other types of currency are increasing. It may be said that everything is going to be reduced bitcoin. But very soon the bitcoin will become valuable.

I think you really need to check the market closer and more carefully. In the past years and even just in the past couple of months, there have been so many changes, ups and downs and movements that have contributed to the rapid rise and fall of Bitcoin value that, right now, people who have actually observed it has been used to that. It's just how the market works, and so, if you would not find a good strategy to help you go by when the market is not doing good, then it would be hard for you to survive in this market.