Topic: Why is bitcoin plunging? What is the reason for this? - page 5. (Read 649 times)
It's been dead over and over but it's still breathing. Every time BTC goes up the next thing it does it also goes down, it does the same thing over and over giving chance to those who have not yet bought to come out and grab a slice of BTC in time when it will bubbles again to more than $100k. The rise of BTC seems to have disregarded the economic crash actually which is why it sounded illogical for some.
Bitcoin has been in the doldrums for nearly a month, what caused such a thing to happen. Could he be the end?
Yes, it is the end:
Bitcoin has died 421 times
Because Bitcoin has risen too fast in the early days (in fact, all cryptocurrencies are the same), a callback is inevitable. The current price has fallen to the level of three months ago, and it is very likely that it will continue to fall. It is not impossible to fall below 35,000. For any asset, it is impossible to rise at a high speed forever. A proper correction is the way to keep the market healthy.
Bitcoin has been in the doldrums for nearly a month, what caused such a thing to happen. Could he be the end?
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