Post
Topic
Board Bitcoin Discussion
Re: Is this why Bitcoin is crashing?
by
minersday
on 27/09/2019, 23:48:06 UTC
Well, maybe crashing isn't the right word - but it's definitely dropping in price. Here's a cool overview of what's happening:

https://cryptotradernews.com/crypto-trader-pro/what-triggered-the-mighty-bitcoin-fall/

My key takeaways:

  • September is typically a bad month
  • Baakkt is not doing very well
  • It’s worth noting the cryptocurrency is still up about 127% on a year-to-date basis


Thoughts?

I don't really think these are the main reasons why Bitcoin is crashing. It is quite unfortunate that the month September  happens to be the particular month in which Bitcoin market usually experience crashing.  The particular reasons causing this crash are currently unknown. Assumptions can't be taken as the main cause of this crash...