Over the past week the value of the Bitcoin plummeted, where the digital currency reached a high point two weeks ago, it tipped a new low in recent days. The big question is, of course, is that peak ever reached and what caused the sudden fall in the price?
The answer is simple: sentiment
Just like any currency, the Bitcoin is also subject to the sentiment of buyers and sellers. Part of the decrease has been caused without much doubt by panicky reactions from people who believe in the doom scenario that the Bitcoin will not be worth anything at any given time.
The actual cause of the decline was deployed at the time when important financial figures shook all kinds of alarm bells. Because yes, if even the people who should know about it say that it ‘goes wrong’ once, it will be true.
Other experts claim that the ‘bubble’ is far from being done. Unfortunately for them, this time were the doom thinkers who shouted the loudest.
The Bitcoin is, unlike regular currencies, not linked to economic influences. Whether the euro is rising or falling, the Bitcoin will be a sausage. Sentiment and sentiment only affected the value of the Bitcoin.
Profiteers have done well!
The highlight of the sharp rise was deployed at the moment when people realized that they had missed the boat. They quickly stepped in, bought Bitcoins en masses and that delivered a considerable profit at the same rate!
Those ‘profiteers’ (not even disrespectful, in contrast, even!) Are probably the same people who also sold their Bitcoins very quickly, when the coin reached 20,000 euros and slowly started to fall again.
Will the Bitcoin rise again?
If we base ourselves on trends in prices, absolutely! The doubt has struck a lot and the profiteers (again not negative) count their winnings. The course will slowly recover, until undoubtedly another moment presents itself that gives rise to or a sprint up or down.
Where can I buy Bitcoins?
Nowadays that is possible on dozens of websites and Coin Base has my preference: follow this affiliate link to create an account and buy or sell Bitcoins!
You buy and sell yourself! If you decide to use the information from this article to buy or sell, do not knock at me if that turns out wrong! After all, you do not do that when you have made a substantial profit. All information on this website is the insight of the relevant author and only intended as advice, when this is explicitly mentioned!