i'm new to the bitcoin community so i'm just very curious about what causes the prices to sometimes skyrocket but then drop really low so quickly. Thanks
Hi OP, welcome to the world of crypto currencies.
Regarding to your question, bitcoin value varies on the demand of it, like for example if people make more investment then they have to buy bitcoin so the demand is increasing the value increases too. So the more investors the bigger the value of bitcoin we can have. Thats one simple way of looking at it.