Do any body know the exact reason for fall of bitcoin price? It has almost fallen $500 in the past three days.Any specific reason?
Bitcoin users are that people who create the price for bitcoin. After bitcoin reached it's maximum many people started to cash out their coins, that provoked the price to fall.
After delay with my bitcoin transaction with Blockchain.info wallet I finally got my bitcoins, but the price is low today and I need to wait now for the new growth.
Bitcoin didn't reach its maximum. but apparently a lot of people thought that rising will stop for now and wanted to sell and gain some profit.
Bitcoin will surely continue to rise above 3000$ but it might take some time before the next time it will go up.
Basically, it works like any other economic system, it's a game of supply and demand.
You should buy when you think the price is low, and sell when it looks high enough for you.