Money Talk

Can someone explain why bitcoin prices fell?

Submitted by jkingsley22, , Thread ID: 94895

Thread Closed
09-07-2018, 02:06 AM
#1
Can someone please explain BTC price fluctuation?
I really don't understand it and I want to get into bitcoin so I figured I would post this.

RE: Can someone explain why bitcoin prices fell?

#2
Bitcoin popularity surges based on a lot of differing factors, one such being bad press; this is actually a big reason for a few of the recent price fluctuations; however another reason is the fact that Bitcoin doesn't have a set-in value - people perceive bitcoin as being in large, a platform where they can flip 100 into 1000 essentially (what I mean by this; is that a lot of people will stop selling bitcoin because they are guaranteed for someone to make bitcoin popular in the media, which in turn increases their chances of making a larger profit at a later date.)

There is also in-turn the fact that investors as a whole are wary over exposed security breaches involving bitcoin - this will cause the value to drop somewhat as people as a whole become severely cautious in regards to buying bitcoin in fear that something could go wrong.

There's plenty more I could say on the topic, but i'd be hard pressed to tell you every single reason as to why the price fluctuates so much, all I can recommend is if you decide to purchase bitcoin in the future, you need to do a TON of research, be absolutely sure of what you are doing before you invest into crypto, it can be dangerous if you don't know otherwise.

RE: Can someone explain why bitcoin prices fell?

#3
Bitcoin price is falling because of all the people trying to cashout.

RE: Can someone explain why bitcoin prices fell?

#4
But will it go back up then after a while? Can it actualkly die?

RE: Can someone explain why bitcoin prices fell?

#5
Don't listen to anyone else. It's all market manipulation. But it will rise again, it's just a matter of when

RE: Can someone explain why bitcoin prices fell?

#6
So does that mean this is the best time to purchase bitcoins?

RE: Can someone explain why bitcoin prices fell?

#7
It'll continue to go up and down but maybe never as high as it was a few months back...

RE: Can someone explain why bitcoin prices fell?

#8
Bitcoin is not going to survive much more. The peak of January and the lost of the strength in February was very high. The best is change your cryptos as soon as possible!

RE: Can someone explain why bitcoin prices fell?

#9
Crypto currencys are relly unstable so the can fall from 10000 to 1000 in a single day

RE: Can someone explain why bitcoin prices fell?

#10
everyone is trying to cashout, thats why it is falling

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