Post
Topic
Board Speculation
Re: Why Bitcoin price is falling?
by
stepwilli
on 11/05/2022, 21:15:41 UTC
Crypto does not stand alone and now that it has become a part of the global economy, it will also be influenced and governed by events that are happening in the world. We are in a period where wars and inflation are at record highs all financial markets in general are selling and withdrawing not only cryptos.
Like Pandemic and the War happening now? year there are world issues that affects market and specially crypto prices in which we are experiencing now and even in 2020.
I do agree that the price is impacted by the world situations, but pandemic is not as "dangerous" as it used to be, sure there are still people dying every day but the numbers are not what it used to be and it's not like we are talking about vaccines and masks anymore, not as much as we used to at least.

War happened like 3 months ago and still going on but it hasn't really impacted the price all that much and I do not know what to say but market just didn't care, even went up a little bit because of it. So all in all those world stuff doesn't really mean anything today if you ask me. It's just that FED is withdrawing money from all around the world, that's it.