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Topic: What makes Bitcoin price fluatuates throughout 2019 - page 2. (Read 239 times)

sr. member
Activity: 882
Merit: 269
The price of BTC is fluctuated mostly by the multi-level Ponzi systems. In early 2019, the Ponzi projects appeared like garbage and it also partly affected the price of BTC to fly up from 3k to 14k. However, from June until now, most of these Ponzi projects had collapsed or died slowly, meaning that the discounts of the BTC started, talking about the who are the most interested in these Ponzi system, we have to mention about Asians, especially China, Korea, Vietnam, Thailand, Malay, Japan ... obviously when the system collapses, a large number of BTC will be owned by the system owner and they will naturally become billionaires of billionaires if not punished by law, however, some things can be easily solved by money.
It is a bad thing that bitcoin should be growing on the platform of Ponzi scheme as most of them cannot even last more than 5 months! Bitcoin may make Ponzi scheme investments easier but that do not mean that is why bitcoin keeps growing in pricing. Some of us has been in this market and the fluctuations or volatility is there because people will always like to take profits by the up and down of the market.
legendary
Activity: 2730
Merit: 1288
The price of BTC is fluctuated mostly by the multi-level Ponzi systems. In early 2019, the Ponzi projects appeared like garbage and it also partly affected the price of BTC to fly up from 3k to 14k.

Ponzi schemes exist more then 100 years. I dont know what are you talking about of early 2019.  Just google the term to learn more.
legendary
Activity: 3318
Merit: 1128
I think the biggest reason when it was going up was that price was low for so long that even the slightest increase helped it go up. People were sick of waiting and there was really not many sellers left, you have to understand in order for bitcoin to fall there needs to be more bitcoins being sold on order books going unbought than bitcoins on buy orders that is getting unsold, so at the end of the day there was a lot of fall and a lot of panic but at one point people stopped selling because it was too low.

However, after it moved so highly so fast it became apparent that some people profited a lot from it and than they started to sell to cash out their profits which made it go down only a bit. Right now we are at that level, where people sold and people bought all at the same year.
jr. member
Activity: 238
Merit: 3
The price of BTC is fluctuated mostly by the multi-level Ponzi systems. In early 2019, the Ponzi projects appeared like garbage and it also partly affected the price of BTC to fly up from 3k to 14k. However, from June until now, most of these Ponzi projects had collapsed or died slowly, meaning that the discounts of the BTC started, talking about the who are the most interested in these Ponzi system, we have to mention about Asians, especially China, Korea, Vietnam, Thailand, Malay, Japan ... obviously when the system collapses, a large number of BTC will be owned by the system owner and they will naturally become billionaires of billionaires if not punished by law, however, some things can be easily solved by money.
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