Post
Topic
Board Speculation
Re: Whose the fallen prices of Bitcoin affect the most
by
GigaBit
on 13/12/2024, 22:43:20 UTC
Its always advisable to consult experts before making decisions on investment to minimize risk in investment,because bitcoin price fluctuations can be unpredictable.
I know quite alright that whenever the price of Bitcoin rises it always be of benefits to long existing bitcoin holders,long term investors and others, Because they see their values increasing,it's very good to be happy when you are making unexpected  profits and progress,because it can give you more courage to invest more on bitcoin cryptocurrency,Now i still want know when the bitcoin price falls, who are those the fallen prices directly or indirectly affect the most?
Bitcoin is volatile currency and always fluctuates in the market. There is investment from people all over the world and when the demand for Bitcoin increases in this investment activity, the price of Bitcoin also increases and when the demand decreases, the price also decreases. This is the main point, but there are more things involved in it. There are some whale investors who create hype in the market and sometimes create rumors and have a huge impact on the psychology of ordinary investors in the market. At this stage, when those ordinary investors sell, those whale investors buy them at a relatively low price and sell them again in the market in a bullish movement. In this way, just as the cryptocurrency can increase in value, the price can also decrease due to negative news. The market will move in the direction in which the majority of investors move.