I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.
The value is mainly dependent on the law of supply and demand. When there is high demand the value rises, whike on the contrary when the demand decrease the value dump. Bitcoin will continue to rise simply because the supply is becoming limited. There are people who attempt to decrease the value of bitcoin by making people panic through making fake news. There were also rich people who tried to manipulate it but they cant have the full control. Bitcoin is gaining popularity that is why more and more people come to know it.
the information that makes many users panic, very much on the forum. The main thing is to learn to distinguish lies from the truth, and thus you can avoid panic in the crypto currency market. But nevertheless, I believe that, in addition to supply and demand, there are other factors affecting the pricing of crypto-currencies. I think that the big whales God deliberately throw coins on the market, in order to reduce their price And then buy at a cheaper price. This of course is already artificial manipulation of the price.