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Topic: what factors are heavily affecting its declining bitcoin exchange rate ????? - page 2. (Read 234 times)

full member
Activity: 406
Merit: 100
BAILOUT
Mt gox news and sec news have the most effect on bitcoin for me, a lot of weak hands and also fud make it worse. It can really decrease to $3000 with panicking people.
legendary
Activity: 1904
Merit: 1074
One of the factors was the decision by the Mt Gox trustee to sell thousands of coins on a public exchange. This pushed down

the price at a very sensitive time in the year, when there are usually a decline in the price. {Beginning of every year}

We also had some of the biggest social media platforms banning Crypto currency advertisements, which also had a negative

influence on the price.  Angry
newbie
Activity: 210
Merit: 0
Bitcoin became one of the topics of interest in the year 2017 because of its sudden value rocketed sharply to touch the figure of nearly 300 million one coin.

Whereas in early 2017, Bitcoin exchange rate is still in the value of 13 million one coin.

However, entering 2018, the Bitcoin exchange rate plunges. Bitcoin (BTC) 'value' is only about 150 million. Or plunge almost half its highest point.
what factors are heavily affecting its declining bitcoin exchange rate Huh??
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