Post
Topic
Board Bitcoin Discussion
Re: Bitcoin fell again, what conspiracy?
by
Chrystora123
on 27/09/2019, 16:09:14 UTC
snip...
dollar trade wars been going on for decades, centuries even, weak economy been going on since 2008... come on atleast try a bit better and stay relevant to this year

how about all those futures options that expired last year, people put into another yearly contract which they are now closing those contracts.(meaning something relevant to the last 12 months)

how about all those hashrate chatter causing people to panic because its not supporting a good bottom floor value line support(2 month floor puts btc at a ~$7k cost to mine).. in short the $10k price was inflated/bubble and not 'good value'

how about people now trying to register with brokers to use things like bakkt instead of buying direct thus less buyers and more sellers on the exchanges.

anyways. if you want to stick to the decade view of causes, here is the best one.
bitcoin has and will always be volatile like a stormy sea. with waves going up and down. dont expect a perpetual tidal wave growing constantly bigger and bigger. dont expect smooth sailing. always expect ups and downs
The reason you gave is true, there are also analysts who say this one that caused the price of Bitcoin to fall in the last few days https://www.coindesk.com/bakkt-is-finally-launching-its-bitcoin-futures-today-heres-what-to-expect.

I wonder why is this a big deal to everyone, we all know that this market is very sensitive so for me this is normal after hitting a big strike upside the next one is always downside, I see this as opportunity to other traders.
I think this worry is natural because everyone has a different level of emotional control.