Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?
It is evident that all this great turbulence in the market can not have another origin than the great speculation that has been generated by new risk capitals investing in the bitcoin looking for easy and fast profits, without worrying about the technological development behind each cryptocurrency. But the good thing about this great correction is that many speculators will move away from cryptocurrencies due to this great volatility and a more stable market with more moderate growth rates could be expected.