Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?
I am surprised that you seem shocked with this latest market development of Bitcoin. For many times, Bitcoin's volatility roared its head and that is what we are experiencing right now. In many cases, the real and possible reasons will only surface after the said big dip when analysts can have all the time of their lives dissecting and explaining the details why there had been such a severe "crash" experienced by Bitcoin. Bitcoin has had been this way for many years now and I am also sure that this is not going to be the last. In an open market such as what we have now, people can easily be led to "oblivion" and manipulated to panic and sell their Bitcoin holdings pushing the market further down. And people can listen to just any possible bad news and react negatively, thus instead of holding they might add to the sell pressure of the asset. However, we should not worry that much because Bitcoin will soon be going up.