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.
I believe that the price of bitcoins decreased due to some fud that has been spreading through different countries, bitcoins will not easily decrease its prices but it was fine because soon as it falls, it will still recover due to different investors in the market who are interested on holding the coin for a long time.
Yes we are observing ups and done in bitcoin price for a long long time. we even seen so many crashes but still bitcoin price recover its position even it made new all time high prices, i think that this will surely happen again and we will very soon see the price once again trading above 20000$ and will cover all the loses that recently people have made in bitcoin trading.