Post
Topic
Board Speculation
Re: Why Bitcoin price is falling?
by
lienfaye
on 09/05/2022, 12:59:16 UTC
I have been thinking of the possible reasons of the bitcoin falling down. Since I am not an expert on the Currency I cannot predict or give any reason. That is why I want to know the reasons. Please if anyone can tell me I will appreciate. Thanks.
Although bearish market is inevitable and common because thats how it works, sometimes we want a certain reason for the downtrend. Most likely investors are selling their coins and might be converting it to stable coin to prevent further losses. The current price is over $33k, a value that probably some investors are afraid of to go down further. Whales might be manipulating the market to take advantage if the price is good enough to buy back. Its just an speculation but what im certain is, this is just temporary hence there's no need to stress yourself by monitoring the market often to see if there's a changes because it cant help.