RE: What’s the cause of the recent drops in Bitcoin price?

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What’s the cause of the recent drops in Bitcoin price?

in bitcoin •  7 years ago 

Hi, great post, have followed you. What do you think of the current state of the Bitcoin market?

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7 years ago by

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      ·  7 years ago 

    I think Bitcoin is in a general downward trend due to people putting in money and hoping for a quick gain. Now they have to move that money out. At the same time, there are not as many new people who are willing to just invest some fiat they can afford. Until these two elements are balanced, the currency will fall.

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