|
May 07, 2018, 02:07:29 PM |
|
Every time the price suffers one dramatic change, the people begin to look for reasons. There are always going to be found many reasons, Chinese's New Year, the Taxes period, Bill Gates, God, Google and Facebook banning ads, and a long etc.
Bitcoin price is based on many factors, but, among them, the most important is the selling/buying orders, and (maybe) the fees per transaction. Of course, regulations, big exchanges being hacked and so can modify its value, but this is not the mean factor. As I said, you can always find many many explanations for the BTC price, but they are going to be, mostly, subjective.
|