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The logic is simple - you have all sorts of people buying Bitcoin now and the value increases (there is demand).
But eventually weâll come to moment when there are not enough people to buy Bitcoin (whether it be because a better cryptocurrency appeared, or a country banned Bitcoin, or simply anyone who could buy the currency had already bought it, etc.) and when no one is willing to pay the price to own Bitcoin its price will start to fall.
When it does fall, people who speculate the currency (i.e. trade to make money, not to âinvestâ in it), will close their positions (sell Bitcoin) to make a little profit if they bought it later, or to cut their losses. And the snowball will start to roll. As everyone starts to sell Bitcoin, and not enough people are willing to buy it will fall even further.
If you add that we are in an era where automated trading takes over every aspect of the financial markets, these âbotsâ will also trigger the fall as they will execute sell orders faster than a man can. The higher the price of Bitoin the more spectacular the fall will be. It can drop $10,000 in a day.
#MarketDownturn #TONonBinance #XRPVictory #BlackRockETHOptions
