what is happening for BTC? - page 2.

eminemcookie

full member

Activity: 364

Merit: 123

Quote from: ahmadoo on December 21, 2017, 03:54:51 PM

Bitcoin's recent price dump is the trending topic in Crypto World right now.. Why did the price dump?? Will it increase in nearest future??? Or it will keep dumping???
Ok here is the first Reason :
The increased price of bitcoin was not even worth it. It was just jumping without any reason. And the recent price jumping was just like a madness but nothing. In just 1 month it increased by 109.36 %.. can you expect that?? I think the market craze went down. that is why the price is dumping..

Reason 2: I think the price is dumping because of its altcoin BCH.. Current BCH price pumping making peoples invest in bch inspite of btc.. people are thinking they will get more profit in bch. than btc. that is why they are starting to sell bitcoin. and starting to invest in bitcoin cash. That's why for the first time A cryptocoin is shaking the kingdom... which is BCH.
Ok. the real question.. Will the price go up again?? Or it'll go down and down???What's going to happen to Bitcoin??what

Your reasons are almost certainly correct but don't tell the full story, bitcoins value is defined only by the market and so it cannot be truly overvalued. I think that it shot up too quick and an adjustment was needed. I do however suspect that the price is going to recover in time, bitcoin cash will go back to being somewhat insignificant and the price will increase again for bitcoin.

aleksej996

sr. member

Activity: 490

Merit: 389

Do not trust the government

Don't panic sir. If you invested enough money in Bitcoin for you to cause panic, then you either invested too much or are to sensitive about this stuff.
No one knows where the price will go. I think many would call the recent dump a simple predictable correction.
Everything experiences price corrections, when the price goes or down, it always corrects it self. This is just a simple rule of trading. No price graph is naturally very steep. Bitcoin is just very volatile, it always was. This is because it is a very speculative asset. So when the price goes up, it goes up a lot and when it goes down it goes down a lot. It is just the general trend that you should pay attention to if you are an investor.

Did something else had a role in the price? Maybe, it is a huge World out there, there is always a cause and effect.
But is it well known? No. It is just Bitcoin doing Bitcoin stuff. Goes up, goes down, goes up, goes down...Usually more up then down, but who knows...

Bitcoin is still just as promising technology as it was last week, even more so. That is all I can tell you.

ahmadoo

member

Activity: 87

Merit: 13

Bitcoin's recent price dump is the trending topic in Crypto World right now.. Why did the price dump?? Will it increase in nearest future??? Or it will keep dumping???
Ok here is the first Reason :
The increased price of bitcoin was not even worth it. It was just jumping without any reason. And the recent price jumping was just like a madness but nothing. In just 1 month it increased by 109.36 %.. can you expect that?? I think the market craze went down. that is why the price is dumping..

Reason 2: I think the price is dumping because of its altcoin BCH.. Current BCH price pumping making peoples invest in bch inspite of btc.. people are thinking they will get more profit in bch. than btc. that is why they are starting to sell bitcoin. and starting to invest in bitcoin cash. That's why for the first time A cryptocoin is shaking the kingdom... which is BCH.
Ok. the real question.. Will the price go up again?? Or it'll go down and down???What's going to happen to Bitcoin??what

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