Do you know why bitcoin going so much down?
1. people are investing in bitcoins currently , Investors start investing money in Ripple (1.2$ current) and bitcoin cash (3600$) , Dogecoins (0.008$)
2. some short term investors start selling of their bitcoins to recover the profit. they will buy again when it come low.
3. bitcoin Rise and Drop is a part of game , It will down and Come back again ,
In recent news someone bet that bitcoin price will reach 50,000$ Next year
You are correct there newinbtc , because of the rapid growth of bitcoins value it will naturally go down because some of the people holding the bitcoin starts selling their bitcoin to get some profit . The demands are getting upward as more people are getting more involved and investing in the bitcoin market and the supply/mining block is being selled by the miners to recoup with the mining cost of electricity and other bills of the miners.