Post
Topic
Board Economics
Re: Why the price of bitcoin rapidly going down
by
hannahboy
on 04/08/2018, 09:32:03 UTC
bad news about bitcoin greatly affects bitcoin prices, because many people panic and sell it.but it can be a whale game that will buy at the lowest price by making fake news news,and about restrictions in various countries it could drop the price of bitcoin.
Yes it is very common now that we are hearing bad news about bitcoin, countries are restricting their people from using bitcoin, but it is also fact that it is a game of whales and they are really effecting the bitcoin price too much. I think that the currency dept is also because of their panic selling, in fact they want to buy bitcoin in a low price .