Re: Is this why Bitcoin is crashing?

Quote from: funchiestz on September 27, 2019, 05:48:38 PM

Quote from: cryptomarketyourself on September 27, 2019, 05:43:46 PM

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

[/b]

Baakkt is not doing very well
Its worth noting the cryptocurrency is still up about 127% on a year-to-date basis

Thoughts?

I don't think it is about September. In September, 2017 Bitcoin was rising speedly.
It may related with BAKKT. But I am not sure BAKKT can affect BTC's price this much.

There is nothing in the article that clearly explains why the price is dropping, and about the September issue, nope I don't think so in fact September in the year 2017 is a lucky month for me this is the month of that year where Bitcoin is peaking and I guess it's for us all who experiences the peak in 2017, maybe it's about the Bakkt not getting acceptances from holders, but it still has a future, it's just a slow start. [/list]