Post
Topic
Board Economics
Re: Why the price of bitcoin rapidly going down
by
jblittle00
on 07/07/2018, 17:11:15 UTC
Every time there's news about government restrictions on cryptocurrency, the value of Bitcoin coins down. When it climbs back up, more news will come out and push the price down again. This happens over and over again. Cryptocurrency is a threat to governments and financial institutions and there's no other way to control price, than by putting a scare into the general public about it. Soon, they'll grow more comfortable with crypto and will create more control for themselves, and will not need to keep scaring the public about it. That's when the price will become less volatile and settle in.