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.
You are definitely correct mate! I agree with you 100%. I also believe that news that attacking bitcoin are just made up so that the price will go down and people that have plenty of money to invest start to buy bitcoin like feeding frenzy and when the panic finally settles, they emerge victoriously and the previous holders sold their coin in panic is blaming and asking themselves why they sold their coins.