Post
Topic
Board Economics
Re: Why the price of bitcoin rapidly going down
by
Himanshu111
on 05/09/2018, 17:45:35 UTC
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

Yeah, this is just a temporary becase for sure a lot of good news and improvements are coming so for me stop panicking. Its green day, and I hope this is a the beginning of a new all time high in the making.

Panicking is just normal if you are a new traders because there are a lot of people today who tends to sell their coins based on their emotions since they did not know how the volatility of the market works.
The price of bitcoin depends on a number of factors.The demand and supply forces play an important role in determining the prices.When demand rises the price also rises.But now a days demand is less so prices are down.Another reason is that how much investment is done in bitcoin.Some countries have also banned bitcoin and so this has also lead to downfall of the price.Bitcoin is very volatile but people have faith in it that is why it is the leading cryptocurrency.