Post
Topic
Board Speculation
Re: Reason for bitcoin Price Drop?
by
btcdevil
on 13/08/2018, 08:53:24 UTC
What is the reason for the falling value of Bitcoin?  I have already lost some money by holding on to it. Please advise me!

The most recent Bitcoin price drop was caused by ETF decision postponement by SEC:
https://coincodex.com/article/2148/sec-postpones-highly-anticipated-bitcoin-etf-decision-crypto-market-plunges/



Ya it is true and this is not new before last year also same think happened when the news came of ETF going to consider and market went up and when they postponed it immediately market corrected, so same thing repeated. And if same thing is going then from september market will move up and within november we can see bitcoin price going above $10k smoothly if the same trend of last year is happening this year also.