Why did Bitcoin go down in value so fast?

Bitcoin price on google right now is 6,984.90 which I don't think its too bad :O

because governments are being afraid of it and thus making any possible thing to attack it

People dont trust in BTC + too much fear + bad news

I think its because of the ban on a couple of ads not sure tho

In your opinion, is it still worthwhile investing?

30-03-2018, 03:57 AM

mordipuler321 Wrote: I don't really know a lot about crypto currency but I've always wondered why Bitcoin went down in value so fast?

because its a manipulated currency handled by a bunch of peoples, so all their assets remains in their hands, thats how they up and down the currency value.

It just skyrocketed before xmas and then down right after. I think people thought they could make some money right before xmas and when nothing happen they had to take their money back.
and since everybody did it, the value dropped. since those people are gone the value has some sort of stability.

i dont understand how it even had a fucking value, there is nothing backing it. like how real money is backed by Gold. what gives bitcoins its value? is it just what you want it to be?

They want to destroy it, but i dont think that they will suceseed

Everything is relative. Bitcoin has had *similar* downturns many times in the past. Many, many times..