It’s mainly because of the investors who are holding thousands of bitcoins in their stupid wallets hoping its value will raise even more where as at the same time thousands of people need it on daily basis on the deep web and surface net!!
This trend and limited supply has made many people to divert to other coins!!
Secondly bitcoin is old and can be tracked! This market boomed to moon and a drop was obvious.. don’t fear countries banning CryptoCurrency, the nature of these currencies will always stay decentralised so a government ban literally means nothing!!
bitcoins is not needed anymore by the deepeeb because people can’t find it anywhere, all the investors are holding them in their asses!! At the same time mining difficulty is touching skies and takes months to break a single block!! And it’s easily traced creates problem for many people..
The future is Monero (XMR)!
So as there is more demand than the supply, people are actually shifting to other coins that’s why the value will fall even more, one the market becomes stable other coins will raise and bitcoin will stay low.
It’s better to sell your fucking coins and stop fucking the block chain trends!
