I saw many posts regarding the recent China news or police raid fact. Nothing is real in that case? What's the thing Chinese Gov is going to do in next? Sometime, it seems to me that the Gov is with blockchain, sometimes, they aren't. Feeling confused.
Everyone is looking to find a reason why bitcoin could be low right now. Some says it is whales, some say it is manipulation, some say it is china. There are tons of reasons of what could be the reason bitcoin falling but there is one main reason why bitcoin went down ; people sold.
There is no way bitcoin could go down without people selling bitcoin, what we are forgetting is that if we buy bitcoin it will go up, why it went down? Because, someone sold. It doesn't have to be one guy, it doesn't have to be because of this or that but as a whole bitcoin community we failed to buy more than we sell so in the end price went down. Maybe we should stop looking for excuses and reasons for bitcoin going down and start realizing that as long as we don't keep on buying and holding, it will go down.