Bitcoin goes below the 9k mark. There's why?

in bitcoin •  7 years ago 

Okay, so people are asking why did bitcoin crash so much.

Here’s why 👌

It’s because of us (Indians)

When the Finance Minister told about Cryptos not being accepted, people started panic selling and it affected largely. 😒

😮 Also, market was however already down. So, the after effects of this and our budget caused this downfall 😮

Hold on to your cryptos, its just another sale.

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Indians?
It doesnt have a connection to indians,
Fud is everywhere, but the most is the coming spending days in chinese new year, it follow the trail,

Most people got into cyrptos for quick profits only and have no desire to own them for the long term. They are in because there are no markets out there that can offer such an incredible return on their money in such a short time. However, once a trend reversal occurs, they immediately dump their coins and rush to the exit.