Bitcoin down

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Regulations and Legal Uncertainties: Many countries are introducing or considering regulations on cryptocurrencies. These uncertainties can create distrust in the market and negatively affect prices.
 
It will probably bounce back as people will start buying it soon. They are just probably waiting for it to drop a bit more before purchasing.
 
This is the problem with some crypto followers

Imagine that BTC price is $70

Then price moves to $64

$61

$58

$56

$60

See, this is not a big oscillation.
 
I still believe this is the year for bitcoin and a good year for bitcoin and I will take as much risks as posible :D
 
Bro, always look at trading volumes
If they increase in the moment, panic sets in and everyone becomes doubtful, fearful and more likely to sell it
Then they calm down and buy again
Look at the reaction of altcoins, they have already given +5% on average per day
 
Hey! Bitcoin's been down lately, no surprise the whole crypto market's feeling the wobble. It's a mix of things - could be the feds raising interest rates, or maybe some jitters from that big move out of Mt. Gox. Hard to say for sure, but everyone's hoping things settle down soon!
 
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