Quote from: Klausi on November 01, 2018, 11:28:31 PM

Quote from: andrei56 on November 01, 2018, 10:56:29 PM

Quote from: bdsharminsoltana on October 18, 2018, 10:01:10 AM

Panic selling is what draws the price of Bitcoin so down to the drain. Any event which leads to panic selling of Bitcoin can be considered as a contributing factor. The news of a hacked exchange site, false news from governments, banks and the media, a Bitcoin advocate country later banning Bitcoins etc. All these factors contribute to the fall in price of Bitcoin on the market.

We cannot blame everything to panic sellers, it is true they make the price to go down but that is not all, the price is also affected by the lack of demand and when people began seeing the price of bitcoin going down they decided to wait and stop investing, this simple detail pushed the price even lower since no new money was being invested in the market.

The moments we undergone last few months still at bull trap, which affected the price of bitcoin to fall down. However those challenges made every holders so strong on their growth with crypto, and I don't think people will be discourage at all but I think more people will be much interested with crypto now.

I have been thinking for some time about this and it is very likely that you are right, maybe we are in a bull trap, it seemed for the past days that the price of several altcoins were recovering and that we could get some of the money that we lost during the last crash and yet what we are seeing right now is the market of cryptocurrencies suffering a correction and so we are losing even more money now.