Hello btctalk.i am in this cryptoworld since from many months but i never seen this much deep of btc so i have some questions related to it.
1) why bitcoin price gone this much down?
2)why bitcoin price fluctuate too much?
3)which features affect on the fluctuations of price of btc?
4)Is bitcoin price affect on altcoins? If yes then which altcoins price get affected by it ànd which are not?
5)when we should see the price increament in BTC?
I’l try to answer your questions.
1. Bitcoins price is volatile it can be high or it can be down, however there are some factors that can affect bitcoins price that would lead to price down, like negative news and crypto bans in some countries and other social media spreading FUDs to the public. But if you take a look on the past years since bitcoin was created this price down is commonly happens every year so you have to deal with it.
2. Because of the market demands, buy orders and sell orders in the market.
3. It has the same thought with your question number 2.
4. Yes, because bitcoin is the first crypto currency and almost all alts are affected because they are all alternate to bitcoin.
5. Let us wait for the right time, Bitcoins price is unpredictable so better be vigilant because any time bitcoin will skyrocket.
I hope i answer it.