Reasons why #Bitcoin is droping:
- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative
This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this
A lot of the times where bitcoin's price plummetted could be attributed to the amount of massive selling that happens at the time. For example, a lot of people cashed-out during the December price skyrocket which became famous because of bitcoin reaching 20,000$ at the moment. And because of the massive cash-outs that happened at the time bitcoin's price plummetted the next month, and continued to do so for a few months before experiencing a true price increase recently.