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bitcoin drops by a lot and people are paniking

Discussion in 'Bitcoin' started by LagosPolice, Jan 11, 2021.

  1. LagosPolice

    LagosPolice Member

    Joined:
    Oct 14, 2020
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    Bitcoin prices reached all time high over the weekend. It was selling for over $42,000.00 and change. Today, it has dropped to about $32,000.00. This means if you bought Bitcoin at the all time high, you are now losing money.

    But the right question is, why are people panicking? Do they expect it to keep going up everyday?

    Bitcoin is a very volatile market, we've seen it gone up to $31,000.00 a few years ago just for it to go down to $3,000 and change. Now that it's going down after the all time high. People are panicking and scrambling for answers.
     
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