Possible reasons for why the Bitcoin price is going down:
The only reason I think is viable to the price drop is
We all know that if someone who's holding a big stake in bitcoin and selling it could affect its pricing (correct me if im wrong)..
And the question is who? Satoshi?
I don't think so..
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- Dell is selling their first bitcoins.
- The whales (big Bitcoin holders) are selling.
- There is no real reason to go up, and crypto in general doesnt seem to like stability, so it either goes up or down.
- Investors think Bitcoin is still in Bubble territory.
- A lot of people have their summer vacations right now. People who hold BTC sell some to get money for travel and vacations.
- Miners are selling and no new investments are being made.
The only reason I think is viable to the price drop is
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- The whales (big Bitcoin holders) are selling.
We all know that if someone who's holding a big stake in bitcoin and selling it could affect its pricing (correct me if im wrong)..
And the question is who? Satoshi?
I don't think so.. Full Story