Quote from: wahyu wida on Today at 04:44:55 AM

Quote from: taufik123 on May 18, 2021, 06:53:12 PM

Quote from: Alert31 on May 18, 2021, 02:33:51 PM

I think negative news has a huge effect regarding this bitcoin price dropped. Many bitcoin holders sell their bitcoin for profit and the demand is not huge enough to maintain the higher value of bitcoin. But I believe it will not last long because whales are waiting to buy in a dip.

Negative news or FUD did have an important role in the fall of bitcoin prices. However, the FUD that is reported must be published in the big media or shared by accounts that do have a lot of followers and are influential, such as Elon Musk, who recently gave controversial tweets that made bitcoin prices crash.

The fall in bitcoin prices indicates the bitcoin market is getting saturated and it is time to go down. Having spare capital would be very good to buy at a cheap price.

We know cryptocurrency seems to be vulnerable to news from influential people, after Ellon declared his departure from bitcoin, a slow reversal occurred and until now the price has tended to fall 30% in the last 7 days. it is possible that this will be used by other parties to plan purchases

It can go to that direction but also possible that it won't be taken by new big investors thinking that this business is just easy to manipulate.

Most of those institutional investors aimed to go for long term and they don't want to see falling market in an easy way, possibilities that they'll going to investigate and assess more before participating to this kind of industry will be their first moves.