You are viewing a single comment's thread from:

RE: Why is Bitcoin’s price down to two-month lows?

in #cryptocurrency7 years ago

There are a lot of people who invested using money that isn't theres. Through mortgage, line of credit, credit cards, the buying pressure was massive. Then people had to cash out to go buy gifts for Christmas and celebrate new years. Then the buying pressure died off while everyone was in January blues but those who borrowed money were freaking out about not flipping their investment, so they sold, some at a loss.
Also the mainstream media was spreading false info and 2 month old news trying to increase the selling pressure...in the long run
H.old
O.n for
D.ear
L.ife

Sort:  

Yes, i agree about that.