Bitcoin Forum

Other => Beginners & Help => Topic started by: Andyroyal on November 13, 2017, 02:17:02 PM



Title: why biccoin price fluctuating more since last 7 days?
Post by: Andyroyal on November 13, 2017, 02:17:02 PM
Hello
I'm a new member here. Lots of expert members are sharing their valuable knowledge on bitcoin. Hope i also will acquire my unknown topics on bitcoin which be possible to implement in my ways of life.  Now the burning question has created in my mind and that is the
 moreprice  fluctuation of BTC. Since last 7 days bitcoin price has alighted on floor. what's the true reason? and when can stop falling?



Title: Re: why biccoin price fluctuating more since last 7 days?
Post by: p3rplexamous on November 13, 2017, 02:55:22 PM
You can never truly know why the price fluctuates as it does.  The main reason most likely for the recent price correction was the fast run up from $5500 to $7500 and the announcement of the cancellation of Bitcoin Segwit 2x hardfork.  Once cancelled, all the money that rushed into Bitcoin for the hopes of claiming their hard forked coins left Bitcoin, and back into altcoins.  I believe the price hit $5500 as a low and is currently at time or writing, sitting at $6500, so a good bounce back!


Title: Re: why biccoin price fluctuating more since last 7 days?
Post by: consar on November 13, 2017, 02:59:09 PM
because people are stupid and they get manipulated easily.