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Author Topic: why the price of Bitcoin dumping?  (Read 176 times)
InvoKing
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May 31, 2021, 07:26:00 PM
 #21

I wanna know the reason of dumping bitcoin price. I am new so i wanna know a lot about it. 
1. Sentiments of the investors
2. Elon Musk's tweet
3. China
Which is an embarrassment and let us know how many people are fragile in this world by following a psycho and news from a corrupt communist country.

PSPD:law and order enforcement!
Press Section Police Department!
Silberman
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May 31, 2021, 09:17:15 PM
 #22

I wanna know the reason of dumping bitcoin price. I am new so i wanna know a lot about it. 
The reason is relatively simple, the price went too high and there was not enough demand to sustain that price, then when it began to go down people panicked and this created a chain reaction and the price went down even faster creating an important correction, there is some debate about what caused the spark with some arguing it was Elon, but regardless of what was the spark sooner or later the price would have gone down anyway as it was impossible at least for the time being for the price to remain that high.



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