Post
Topic
Board Economics
Re: what are the causes of the continuous plunge in Bitcoin?
by
jamids
on 16/09/2018, 01:58:46 UTC
there are so many causes of falling bitcoin prices, I think those who managed to buy bitcoin at low prices and sell them at high prices and hackers who managed to steal bitcoin on bitcoin mining sites and cryptocurrency markets

Yes, I think those are also included in the reasons why the market plunges. Other reasons would be that those who buy at high prices and seeing the price continue to go lower, they are afraid they would lose more that's why they would decide to just sell their coins and wait for the market to become stable while others would just leave the market permanently seeing that the price may not be able to recover. Those red candles are scary but for those who are in the market for a long time, it would be the opportunity to buy.