Bitcoin price is falling down, falling down, falling down...
Bitcoin price is falling down, but dont worry.
I see a lot of thread about why bitcoin price is so down in the past few days, though Im not a bitcoin holder I search what is the main reason about this and I also want to know do people really need to panic.
Some of the threads Ive read is "Is this the end of bitcoin"?
"
All the major cryptocurrencies have taken a battering this week, declining by nearly $100billion across seven days.
Bitcoin (BTC) took heavy losses, dropping by 12.6 percent, from $7,900 to $6,600 in a 24 hour period.
While bitcoin managed some resistance at the $6,600 mark, it showed little sign of recovery.
Why is bitcoin dropping today?
Bitcoin last hit these lows in early February, 2018, dipping just below $6000 before spiking to $12,000, so investors should remain hopeful that history repeats itself.
Cryptocurrencies have been under intense scrutiny this last week amid continuing dissatisfaction in how tech companies such as Facebook secure and distribute user data.
It’s hard to say what the cause of this current crash is outside of a general mistrust in technology.
The biggest crypto coin wasn’t the only one to suffer from the slump, as the whole market endures a bearish trend.
Bitcoin has been known before to bounce back from bearish rends before, and there is no reason to think it won’t do the same again."
Source: https://www.express.co.uk/finance/city/939274/Bitcoin-price-why-is-bitcoin-dropping-today-why-is-BTC-falling
Note: If this post violates any rules here in forum please inform me and I will delete this post.
Yes, the price of bitcoin has fallen from a few months ago, and its price has dropped from $20,000 to $6,600 today. I think investors who speculate have sold bitcoin for fear. The price of bitcoin has now reached the bottom, and it is about to start to recover, and the loyal fans of bitcoin will benefit from their persistence. Bitcoin price is falling down, but dont worry.
I see a lot of thread about why bitcoin price is so down in the past few days, though Im not a bitcoin holder I search what is the main reason about this and I also want to know do people really need to panic.
Some of the threads Ive read is "Is this the end of bitcoin"?
"
All the major cryptocurrencies have taken a battering this week, declining by nearly $100billion across seven days.
Bitcoin (BTC) took heavy losses, dropping by 12.6 percent, from $7,900 to $6,600 in a 24 hour period.
While bitcoin managed some resistance at the $6,600 mark, it showed little sign of recovery.
Why is bitcoin dropping today?
Bitcoin last hit these lows in early February, 2018, dipping just below $6000 before spiking to $12,000, so investors should remain hopeful that history repeats itself.
Cryptocurrencies have been under intense scrutiny this last week amid continuing dissatisfaction in how tech companies such as Facebook secure and distribute user data.
It’s hard to say what the cause of this current crash is outside of a general mistrust in technology.
The biggest crypto coin wasn’t the only one to suffer from the slump, as the whole market endures a bearish trend.
Bitcoin has been known before to bounce back from bearish rends before, and there is no reason to think it won’t do the same again."
Source: https://www.express.co.uk/finance/city/939274/Bitcoin-price-why-is-bitcoin-dropping-today-why-is-BTC-falling
Note: If this post violates any rules here in forum please inform me and I will delete this post.
