If we want to look at the macro, in fact the correction in prices which reaches more than 50% of its highest value, which is under 130 million from 260 million, is arguably reasonable.
Why, why is that fair? That reduction is already crazy!
Relax, in my opinion there is a scientific explanation. This is a friend,
First, Cryptocurrency is looking for "fairness". All products, whether property, gold, stocks, bonds, and others always have a fair value, and investors have a different approach to determine that point.
Bitcoin and other cryptocurrency are the same.
Currently, almost all investors in the world judge that the price of Bitcoin is too high compared to the benefits received. Why is that?
The reason is easy, the majority of the government is still not "interested" and the fear of the global financial industry will be the growth of the digital currency. As a result, the growth of merchants receiving digital currencies has not increased as expected.
Remember, unreached expectations will discourage investors from adding to their portfolios.
While the second, panic of traders and speculators.
If you want to spend a little time analyzing a chart, it will appear that Bitcoin is entering a bearish phase. This phase shows traders are panicking to determine whether to stay in the market or not, where eventually traders are more inclined to save their fiat money. What for?
Obviously, to buy bitcoin and other digital currencies at the lowest possible price. Thus their profits will be higher.