Good-Guy
VIP Contributor
We all must know that Bitcoin and other cryptocurrencies are quite volatile and this is why many people lose money or gain money. Unfortunately, many people become optimistic when it comes to investing cryptocurrencies and they invest quite huge amount only to see that the price of their coin has been fluctuated by a whooping 50 percent! This is what something that happened to Bitcoin in the month of May this year after it reached its highest. The price of Bitcoin was around $60,000 and it fluctuated to a devastating levels to around $30,000 causing many people to lose unimaginable sum of money. However, I have always wondered why Bitcoin fluctuated. There must be some reason for that. So what were some reasons for that massive fluctuations in price?