I'm just looking at the date of this thread, and it seems that it was open during the bear market in 2018. So yeah we all have our speculations as to why the price is going down or why people are dumping. And it's true, it's bear market again last year and the price really plummeted hard, but it seems that this year, at the beginning, the price is on a sustainable run. We've seen the worst last year for bitcoin at $15,500 and now we are almost doubling that price at $28k. So there could be many reasons for the dumping but for this year, for me this is already a recovery year and then next year will be the bull run.
Well, I was thinking about that too and to be honest, the crypto market always goes up and down but in temporary period. However sometimes it is not easy to find out a specific reason for any new condition. In fact, we should be careful in taking decisions especially in tough moments like bear run. Regrettably, Bitcoin is controlled by capitalists and whales, they literally own huge quantities of this digital coin.
Furthermore, Bitcoin had a nice rise at the beginning of this year and the current situation of market is under improvement. It is basically progressing slowly but absolutely surely. It is necessary to purchase Bitcoin as much as possible specifically during this period before the price increases significantly.