It turns out that not only Bitcoin is free falling, almost all Cryptocurrency has decreased significantly.
Be it Ethereum, Ripple, Litecoin, and various types of Cryptocurrency has decreased quite well.
Various parties have analyzed that the Cryptocurrency phenomenon triggered by Bitcoin is just a momentary phenomenon, or the cool word is the Bubble phenomenon.
You are completely mistaken bitcoin is not a bubble and it is not a temporary phenomena, bitcoin is going to change the way we think about currencies it is difficult to imagine how big its effect is going to be on the economy, but even if bitcoin never grew again in adoption and kept its current price that will prove that a concept like bitcoin can survive for long enough and maybe a new and better currency will be created out of it.