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
There are so many reasons why bitcoin is dropping, Promotion of cryptocurrencies became strictly restricted on main media channels, Chinas relation to cryptocurrencies and Mt. Gox, with Nobuaki Kobayashi sold roughly $400 million in Bitcoin between December and March. It is believed that the bitcoin that was sold by creditors on private sales was moved directly to exchanges and then turned into fiat. Surely, this sale might have affected the price and Tax reasons As a lot of people had to report profits, now they need somehow to pay taxes and turn their crypto assets into fiat money.