Ninjastic
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Board Economics
Re: Why the price of bitcoin rapidly going down
by
DPrillio
on 31/05/2018, 14:41:14 UTC
Quote from: coolstory on May 31, 2018, 02:11:18 PM
Quote from: hisuka on May 31, 2018, 01:02:40 PM
Quote from: Kakawate on May 31, 2018, 11:26:52 AM
Quote from: Athelstan Miller on March 19, 2018, 11:27:51 AM
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

I think this is because of those fake news that are giving people in the cryptocommunity negative thoughts that creates a panic, we all know that when there is a panic, the whole cryptoworld is being greatly affected, and that is the reason why the leaders and creators of the cryptoworld is telling people to keep calm and wait.
Spreading false news affecting this rapidly going down of price. Yes fake news has contributes also with regards to these patience is our mostly keys to succeed. This is not forever on down price however, price will still be increase.

Rich bitcoin whales are attempting to spread fear around the crypto community members. They aim to remove people from the market so that they can maximize their profit with pump and dump schemes.

People know this and they won't let it happen.
There are several factors that can make bitcoin price going down like market manipulation of bitcoin whales and the panic selling due to fear and uncertainty doubt or FUD, and also I have an opinion that the rising of new coins in a crypto world also affect bitcoin price because people are selling their  bitcoin and making investment on the ICO and mostly they are holding multiple altcoins instead of bitcoin.