Bitcoin price

[erikson.partner]



What do you think are the factors that influenced the bitcoin price to drop from such a a high to where it is now? I, personally, think one of the factors could have been blockchain and the fact that it didn’t have enough scalability to achieve global adaption. What other reasons do you think there are?

[m3ndshok3r]

You are right, but lets not forget that most of the people who got in 2017 were only interested in making a profit, even now most of them are not in the industry, they never knew how the cryptos work and what is their philosophy. Now I don't hear any of those people talking about crypto, even if they made good profit during the bull market, but those who stayed now are mostly believers and people who know how blockchain works and believe the philosophy.

Now is the time to buy and buidl in my eyes so when the next bull market comes we will be prepared.

NOT FINANCIAL ADVICE

[Vlad96]

I would also add three factors - market manipulation, the ban of mining in China and low demand

[swipka777]

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[Best_Change]

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