What is the reason for this drop? I’ve seen lots of FUD in my time... but this??
This is plain stupid.
This is plain stupid.
Nothing to do with any news.
Just people. People hear that bitcoin price will go up forever so they buy in. Bitcoin price stops going up and starts going down so they sell.
The snowball effect works the same when the price is going down as it does when the price is going up. Draw the same downward trend lines that were being drawn when the price was going up.
I would love for the price to drop quickly so we can get back to a rebound but it will probably be long and drawn out.