Bitcoin price drop, the real cause

in #bitcoin3 years ago

Since the start of the 2017 the price collapse many times and there may be a correlation to this effect with the introduction of BTC futures. The same effect occurred in 2007 with uranium futures.
From the graphs it is evident..


And uranium prices never recovered, at least until today. (22,7 USD, )
Sad story but uranium was recovering and a new upwards trend was beginning in 2010-2011, as the disaster of Fukushima happened. So I don't think furures trading is responsible for the long term price. It should be the overproduction and the low demand.
Uranium long term.jpg

Congratulations @sky.max! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard!

Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Coin Marketplace

STEEM 0.18
TRX 0.03
JST 0.028
BTC 37553.22
ETH 1216.65
USDT 1.00
SBD 3.08