It's no more a news at this present moment, how the price of Bitcoin drop to $13,000+ even before Chrismas celebration. Some expert proclaim it's the effect of the correction between bitcoin and Alt Coin, but i totally disagree with that.
As an economist who understand the effect of demand and supply, which are the biggest factor that determine the price of any cryptocurrency and in relation with the volume of user(traffic), i will totally accept the present rate in price of bitcoin which has fallen in a geometrical rate, which is as a result of the decision taken by bitcoin holder.
Christmas period is known to be a period with huge activities that result in high rate of spending. Looking on the high progression bitcoin has been moving for the last few months from now, it shows a great success in the investment of many user who is holding bitcoin, and many will be happy to spend from their investment.
The good news from the fall in bitcoin price, is that many that are wise and are willing to invest should dive by buying more bitcoin now. By Next year, Bitcoin price will be boom all the way.
EVery write-ups here is according to my view and my opinion. Kindly upvote my post if you gain something.
