I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
I think it is because of some people causing a panic and giving fear to investors. Most investors especially the new ones are affected by those news about bitcoin as well as other cryptocurrencies being called as a bubble, so once they saw a small drop they begun to withdraw whatever amount of investment or holdings they have, then it went dropping in bigger scales, then it went crashing down. I think there are more people who are just new in the cryptoworld than those people who actually understand how cryptocurrency works.