Main Reasons behind the fall of Bitcoin and Cryptocurrencies

in #blockchain6 years ago

Why is Bitcoin Crashing ? Is it good to say that it is crashing . its NOT. The currency is volatile and the price which is now as compared to December 2017 is because of the involvement of newbies, who were much more eager to hear about it and at last there greediness made them get indulged in this platform of technology. But looking at Bitcoin price chart we can easily see from the past few years there has been a rise of almost 5000+ % but now its been down just 700-800% Why is this even happening ? This is because of the FEAR which the people keep within themselves. Bitcoin is decentralized as every one knows and no one can SPAM it or shut it down, it clearly depends upon the citizens of each and every country who is using this currency. More the user , more is the gain. To support this technology which is powered by blockchain we all need to kill our FEAR and avoid the FUD in the market. The negative news globally relating Bitcoin has always been there for the practice of manipulating the market and its still being done.

Governments and Banks make money with your FIAT currency even though you all know there havechart.jpeg been corruption in the system, but looking at Bitcoin NO ONE CAN MAKE IT CORRUPT as everything is in front of us through Blockchain Ledger system.

Recent news flushing out relating Bitcoin is making its market value go down :

  1. http://www.firstpost.com/tech/news-analysis/indian-govt-focussed-on-deciding-clear-regulation-on-the-trading-of-cryptocurrencies-like-bitcoin-report-4333573.html

  2. https://www.theguardian.com/business/2018/feb/05/lloyds-bank-bans-buying-bitcoins-credit-cards

and there is more such articles which are manipulating the market and thus bringing FEAR and PANIC in the minds of the people.

If you try to understand the main concept of this currency and on the technology on which it operates you will soon realize about its FUTURE development.

And talking about Altcoin price CRASH

Simple if the POPPA dies than how the children will overcome the market manipulation.

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