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
I think the biggest reason for dropping of valuation is negative publicity by the the media and the governments itself who just keep on demotivating people from using bitcoin by constantly saying that they are not responsible for any kind of loses regarding bitcoin and moreover many countries has even banned the use of crypto currencies on their domestic sites and thus people are now afraid of investing into bitcoin because they think if media and governments both are forbidding for using bitcoin then they might suffer loss if they invest into bitcoin and thus people are not investing into bitcoin and thus the valuation is deflating.