Quote from: faceoff97 on April 26, 2019, 10:29:30 PM

Quote from: otandelapaz on April 26, 2019, 10:02:49 PM

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?

The sudden pump in value last 2017 might be just being manipulated by whales. There is no denying that Bitcoin could not be totally controlled by anyone but it could be manipulated for short term effect in price. The price is dependent on the supply and demand, that is why people who has large volume could even make large demand and then suddenly withdraw it causing sudden dump.

I think manipulation might also play at that time, but I think that weaker prices due to correction and panic selling are happening, imagine that the price of bitcoin is going up tens of times certainly makes anyone want to sell it and become a millionaire. and we know too much supply and too much sell will make prices fall, and thats what happen