Post
Topic
Board Bitcoin Discussion
Re: Possible reason why Bitcoin price is decreasing for last few days
by
Nisharawal
on 13/06/2018, 07:55:04 UTC
This was not a question and let me give the possible reason. There is no major negative news and thus it is not because of it. There are next gen of ASCIs which had made mining easier. These are being tested by some pools and cost of mining btc is reduced because of this. They can thus sell for less and thus prices have reduced.

Yes you are right right now even i thought that the market trend and conditions are stable and there is no negative news nor there is any kind of major announcements or event released then why the hell market is going down. The actual reason you stated is right because of the introduction of next gen of ASCIs the cost of mining btc is reduced and it may be affected the BTC prices. But i think this will soon result in prices to rally higher soon. I personally think we are going to see the rise of bitcoin prices soon and the fall happening in past two days is just a technical testing of previous support levels or demand areas.