Why the price of the Bitcoin Often Fall In 2018, this is the Reason 5

The price of the Bitcoin Often Plummeting – many members of the community believe that crypto Bitcoin (BTC) has found a nice piece and now being in preparation to be able to bounce back.

However, independent economists and investors Tuur Demeester argues that for the rest of this year we could see trade Bitcoin declined. And it is caused by several factors, among others, as follows:

1. Increasing Miner

Mining bitcoin increasing everywhere, and they always get free coin every day then they will always sell the coin for the purpose of mining equipment or otherwise. Then this could be the cause of the price of hard climbing highest keharga bitcoin as seen in the past year.

2. Trading Volume

For trading volume well below levels seen during the winter and spring, and this year looks very small volume of trade ketimbangan the previous year.

3. The retail Interest is fading

Demeester refers to the findings of a Gallup survey conducted in the last quarter and shows that less than 0.5% of u.s. investors considering buying Bitcoin anytime soon. In addition, the Google search trends and data merchants also does not support.

4. Institutional investors

Involved with cryptocurrency, engaged in speculative trading, which means that they will be happy to take a short position and long.

"The Agency is known, new investors are not ready to invest because they have yet to feel comfortable with the solution provided bitcoin," added Demeester.

5. There is no ETF Bitcoin

Demeester sure Bitcoin ETF will not be approved this year, which will likely disappoint those who are waiting for this step. But when it finally happened, the market may be ballistic because it will make assets more accessible to retail investors. He reminded that after the launch of the first gold ETF, gold price rally by 350%, and hope something similar may happen in the bitcoin.