Media and large companies playing it together. I am completely persuaded that the market situation we're in is merely because of manipulation. Large companies are pumping and dumping, taking profits with them. Media are also creating hype but a few moments later we see a dip in price.
Another reason is because of Government's strict implementation of its rules and regulations about Bitcoin. As a completely decentralized asset, it is indeed provided some danger especially when it comes to criminality and drug related transactions. Animosity on our transaction makes some people abuse this system, operating their illegal activities on the blockchain.
Bitcoin has been an instrumental figure in the cryptocurrency world and has a lot of uses.
What happened was that Bitcoin was rising so fast that investors who hadn't invested in crypto beforebought bitcoin. This forced the price up with new money entering the market as fear of missing out kicked in (fomo). The coin actually went up to $22 K in the end before crashing leaving a lot of investors getting burnt.
People who weren't aware of the volatility bought in expecting it to carry on rising and it happened so fast they were left losing small fortunes. It will happen again as greed pays a huge part and who knows later this year where the price might be.
Media and large companies playing it together. I am completely persuaded that the market situation we're in is merely because of manipulation. Large companies are pumping and dumping, taking profits with them. Media are also creating hype but a few moments later we see a dip in price.
Another reason is because of Government's strict implementation of its rules and regulations about Bitcoin. As a completely decentralized asset, it is indeed provided some danger especially when it comes to criminality and drug related transactions. Animosity on our transaction makes some people abuse this system, operating their illegal activities on the blockchain.
Bitcoin has been an instrumental figure in the cryptocurrency world and has a lot of uses.
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What happened was that Bitcoin was rising so fast that investors who hadn't invested in crypto beforebought bitcoin. This forced the price up with new money entering the market as fear of missing out kicked in (fomo). The coin actually went up to $22 K in the end before crashing leaving a lot of investors getting burnt.
People who weren't aware of the volatility bought in expecting it to carry on rising and it happened so fast they were left losing small fortunes. It will happen again as greed pays a huge part and who knows later this year where the price might be.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit