I have been wondering what could be the possible causes of the sudden fall in the price of bitcoin and the altcoins.I know from experience that it will surely rise again but I wish to know the possible causes of the fall in prices.
Easy People buys then people hold but after people lost people sell in a panic state that they couldn't think clearly then after losing people spread words about their experiences then share it to the web and in it was mostly bad reviews then leaving others confused and scared so the chain of people buys and sell then panic goes on and on.
Panic selling and fake news is the actual matter for the market price falling but why not when the bitcoin and altcoins bumping up with the good news bro. I see many countries and european states started implementing the bitcoin as a payment and online usage with taxation.
Those things are actually good for the market why still the market go top again. Still btc lagging in 6k USD to 7k USD for a 2 weeks of time and more. I expecting the bitcoin to touch the 10k USD soon.