This may be due to many factors, but my thinking is that when people with lots of bitcoins start selling at those high prices, the price drops just like any other market.
and unprofessional and weak investors see this drop and start panic selling thinking that it's all over or falling deeper which only causes the price to drop more and causes more people to sell. This leads to an unavoidable decline and is a reality that will not go away including FUD.
and the things that happened to bitcoin will happen again, but in the end the price will go up even more than the previous price. Most importantly, be patient.
Topic: Bitcoin continues to decline, what causes it? - page 8. (Read 907 times)
Hey Guys, talking about my Title above and talking about Bitcoin. Basically Bitcoin is the only coin that is in great demand by people who plunge into the world of Cryptocurrency, even very many people are looking for a way and looking for ways how they can get this Bitcoin, of whom there are those who do Mining, Trading maybe is also included, maybe Bitcoin investment is also included, here we all know about this Bitcoin price, in the past few months Bitcoin price ranged at $ 63k.
Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?
Thank you <3
Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?
Thank you <3
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