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Topic: The reason for BTC drop - page 2. (Read 1519 times)

legendary
Activity: 2562
Merit: 1441
January 15, 2016, 05:20:23 PM
#1


US stock market lost 390 points today & has been on the decline for a few days now.

This comes hot on the heels of china's stock market crashing in a big way.

In times of economic distress people panic and sell.  

This leads to price drops in the stock market and in crypto.

BTC price drop isn't a sign bitcoin is dying.  Its an indication of the poor state of the economy.
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