Post
Topic
Board Press
Re: [2018-11-27] Has the Bitcoin Price Ever Dropped Like This in the Past?
by
mazdafunsun
on 29/11/2018, 12:23:59 UTC
The current bearish Bitcoin price pressure has made a lot of traders and enthusiasts uneasy.
The reason for the uneasiness is that there are no real reasons for such a collapse when there has been a decline in the past, the reason was bad news or a logical reason to complain.
The decline of more than 30% without a convincing reason prompts you to feel a kind of manipulation, especially with the influence of the nonsense "BCH, BCH ABC, SV", and other attempts to affect the prices as a whole.

I dont think that this is true- not all the big drops had bad news which could have induced it.
There is logic in this price action, there is evidence that a lot of BTC chnage dhands in start of this year . The long term belivers sold their btc to short term speculators thus it was so easy to induce panic in the market.