Bitcoin is Crashing! Why? And What's the Prediction for the Price
Bitcoin's price has been crashing down, and it doesn't seem to be stopping anytime soon. This has left both long-term investors and casual speculators wondering what's going on, and if the price will continue to plummet into irrelevance or if it'll make a comeback as strong as before. Here are some of the most popular theories about why bitcoin's price has been crashing so hard lately and what you can expect from the price of bitcoin in the future.
Will Bitcoin Crash?
Despite many recent positive developments, Bitcoin has continued to drop in value over recent weeks. Could it be a simple correction or something more sinister? Before we dive into that, let’s look at what could potentially cause a significant fall in Bitcoin price. In addition to retail investors, there are two types of institutional investors that invest heavily in Bitcoin: hedge funds and traders. Recently, both types have been selling large amounts of their cryptocurrency holdings.
Who are the Biggest Investors in Crypto?
If you’re interested in cryptocurrency, you’ve probably heard about all of those people who bought in low and are now sitting on fortunes worth hundreds of thousands or even millions of dollars. While it might seem like investing in crypto is a huge gamble, there are several ways to put your mind at ease. First, remember that these individuals aren’t necessarily gamblers; they saw an opportunity and seized it.
What Does it Mean When Bitcoin Crashes Today?
So, on November 8th, 2017, bitcoin crashed. In just one day, its value fell from over $7000 to around $4000 in a matter of hours. Since then, we’ve seen further crashes and even a dip below $6000 at one point. So what does it mean when bitcoin crashes today? And why are so many investors losing their shirts? Let’s take a look at some of these questions as well as what we think about bitcoin going forward.
How Can I Protect My Crypto Portfolio from a Crash
Bitcoin has been in a fairly steep decline since its all-time high at $20,000. While it’s still trading above its all-time low at $6,000, cryptocurrency enthusiasts are wondering what to do in order to protect their investments from further devaluation. Is there anything we can do? If so, how can we go about doing it? This post will answer these questions and more.
Is there Light at the End of this Tunnel?
In recent weeks, Bitcoin has plummeted around 25%, with prices currently trading at $6,350. The value of most other major cryptocurrencies has followed suit, with Ethereum and Litecoin dropping by 15% and 13%, respectively. In fact, digital currencies have been falling in value since June 12th (the start of what analysts called a cryptocurrency bloodbath). While it’s hard to say exactly what is causing these drops in value, there are a few factors to consider.
Short-Term vs. Long-Term Predictions
There are many people in the crypto community who believe that Bitcoin will rebound from its current low (which, incidentally, isn’t even really that low when you consider all cryptocurrencies are down about 90% from their all-time highs). But there are also others who see a short-term drop as a good opportunity to buy more coins. With other major cryptocurrencies seeing 80%-90% drops, it’s not hard to see why they might feel like they can afford to take more risk.