BITCOIN WILL ALWAYS BE ... REGARDLESS OF ANY CORRECTION...
Why is the price of bitcoine falling down???
I will explain to you in the short... Demand and supply formula has been applied here....
What is "Demand and Supply formula"? Look if bitcoin's price is $6000 and the whales who have kept the bitcoins in large amounts start selling bitcoin at this rate and start crashing the market...After seeing this, small investors are scared and start selling their bitcoins... Because of continuous sale, the price of bitcoin falls very low, then the Whales who had collected funds by selling the bitcoins, again buy the bitcoin at low prices...
At the same time, the big personalities who make statements, in such times, they also affect the prices of bitcoin.For example the "BRAD GARLINGHOUSE"(CEO of RIPPLE ) said that bitcoin is completely in control of China...They have four big MINERS who are controlling bittoin.... He did not take the name of anybody, but such statements have a great effect on the prices of Bitcoin....
I request that please do not panic and do not sell your bitcoins at low price,
Because this game is played by WHALES (Big investors), so that small investors sell their bitcoin by fear and they can make profits again...
All I want to say that do not even sell your bitcoin by mistake... Hold on. 👍
This is indian market so anything can be happen...
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