Bitcoin price is dropping each hour each minute and each second because some investors got panicked when rumors of ban in South Korea and India were spreading very quickly. Now the traders are loosing more and more confidence as the price is going down but still there are some traders who have logical reasons to think that bitcoin price will increase again.
Please God people - get a perspective about the market! The price of Bitcoin today is still higher than it was just three months ago! In a long term view, Bicoin is still climbing. Forget about these short term ups and downs. If you are a short term investor, you need to get real
— John McAfee () February 4, 2018
John Mcafee Who is Involved in cryptocurrency for very long time is not upset about the crash in price of bitcoin but according to him if we look at things in larger perspective we will notice that these ups and downs however large in percentage but these are short term ups and downs and we are still in a good position if wee look at overall graph of the bitcoin price.
Worried that the market is crashing? Bear in mind that today we are at a market cap of $400bn and that the first time the crypto market hit $400bn was 6 December. So we are back at levels from 2 months ago. The market cap is also up 20x since this time last year.
— Ran Neuner () February 4, 2018
Similarly Ran Neuner has also logical reason that the market cap is still 20 times of what it was in the starting of last year so the future still looks bright for bitcoin.