Why Price of Bitcoin is Falling? Is This an Oppurtunity to Buy Some Bitcoins?

in #mgsc • 6 years ago

Bitcoin rose 900 % in the five days of its invention. In the long term we saw its amazing growth but some fear in investors make price go fall in short term. This year, bitcoin hasn't seen much growth. Even it is falling and forcing its threatened investors to sell all the bitcoins.

Price of Bitcoin is falling due to some major reasons that I have stated below:

  1. In the January and february of this year, Mt. GOX trustee, Nobuaki Kobayashi has sold his 400 million usd of Bitcoin and Bitcoin Cash causing fear in investors. 400 million usd is enough to shake the entire foundation of any market. It will obviously make the price of Bitcoin fall. Even, some investors also start selling their bitcoin. It will further make the market unstable and will cause price of Bitcoin fall again.

  2. Recent Exchange hacks and frauds also help the price of bitcoin go fall.

  3. Governments of Countries having huge user base of Crypto Market are not regulating the Bitcoin. This is adding further fear in the investors. As you can see in India. Zebpay, India's leading Crypto Exchange has also warned its users, that users are only responsible for any type of money loss amid the RBI's circular stating All the Banks should withdraw all the transactions with cryptos by 5th july.

So, Is there any matter of Worry amid this bitcoin fall?

Bitcoin price is stood on faith of investors only. If, these threatening incident doesn't happen, bitcoin price will be on the moon. But, if the investors aren't afraid of anything, then also bitcoin will not fall. But, the matter of concern is that whether bitcoin will go at its all time high or not? This is just unpredictable. Price of bitcoin according to me can reach to 8k-9k usd.

#cryptocurrency #news
6 years ago in #mgsc by
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     6 years ago  

    Buy Some Bitcoins

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     6 years ago  

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     6 years ago  

    Yes maybe its a right time to buy....