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Author Topic: Could someone explain to me what's happening to the price?  (Read 1661 times)
Yakamoto
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June 23, 2016, 04:47:39 AM
 #21

this dump after the fast rise was expected every time is the same story, the faster the rise the sooner the fall will be

but it is a little weird to go below $600 i wasn't expecting that.

It might be that those who sold their coins started to panic when they see price falling down to $600.
Time to buy coins if you ask me, the lower it gets the better it is, sell when it reaches your target and wait for another dump.
Halving is coming keep that in mind and there will be an effect on the price of Bitcoin, we just dont know how much will be the difference once we hit halving.
It does seem far more accurate that a bunch of people began to panic sell once the price started to get low, and this seems to be a trend within the Bitcoin investment circles, where everyone sees a dip in the value, everyone freaks out and causes a crash.

Whatever though, maybe it is beneficial for now. There should always be corrections like this.
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larslommen (OP)
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June 23, 2016, 09:11:52 AM
Last edit: May 29, 2017, 09:38:39 PM by larslommen
 #22

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