bitcoin slowly went down this year, from almost 20k USD last December and went down at a significant price
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
what might be the reason why bitcoin's price is going down?
what are the major things that can greatly influence bitcoin?
answers would be fully appreciated
Cryptocurrency and bitcoin are very much sensational in 2017. There were a lot of scams that this HYIP decided to deceive people. ICO which did not come to the exchange and many other schemes with hacking of the exchange and theft of bitcoins. A lot of stories turned away from young and promising investors.
In my opinion, undecided and scared people are really the first thing that affects the price of bitcoin. Why? simply because of scared in losing there money they do the panic selling which affects the price. When they enter the world of bitcoin and start investing here some of them don't take any ideas from the seniors / successful people in this business so as a result when they experienced challenges they take action that didn't think twice. Due to this there's lot of people are against it and spread false issues about bitcoin.