As all of you know that the value dropped from a solid $11.5k to $9.5 recently. Could BitMex, the trading platform for bitcoin on other cryptos, where some users who had difficulty logging into its platform be one of the reasons for it?
It could be. If they have trouble logging on then the trades they had on queue will be on hold for a long time. The effect of this is that they will be holding so much crypto whether it is bitcoin or any other tokens and that way of mass holding can greatly affect the price of bitcoin. I am sure that everything will be fine once the exchange site is fixed. They can move to other exchanges though but that will be irrelevant if they had already started their trade.
I don't think it would ever happen. Minimum decreasing in bitcoin is $6000 per btc. You should remember one think bitcoin can't grow every day and every night there's should be a time for bitcoin to fall . Its still a mother of all crypto and it will rise up to 20,000$. Instead of making such topics you should visit to local bitcoin and exchange some bitcoin. Its right time to buy and not for scaring people.
I am literally not worried about the decreases in the values of bitcoin at all because there is no point of crying over something that is not going to happen. Bitcoin is damn going to increase in values and that would be the time when bitcoin is going to give a shut up call to the haters. People who are in competition with bitcoin are trying to make bitcoin supporters panic and let market suffer more.