Re: What is the most influential factor that triggers bitcoin prices to fall down?

In my opinion, the most noticeable effect on the drop in the price of bitcoin is caused by negative news about the crypto currency. Bitcoin reacts very sensitively to such news, because this changes the ratio between demand and supply, and it depends entirely on them. Recently, we could see this clearly when the bitcoin course reacted sharply with its fall to negative news from China, South Korea, India and other countries.

I think with low supply and high demand means price increases, but if supply is more than demand then it triggers the price to fall. And I think the bitcoin value is based on market supply and demand

I believe so, yes. Bitcoin's prices can really be affected by the number of supply and the number of people that wants to use it or hold on to it. But this certainly doesn't mean that the price of it relies on that alone. Clearly, economical issues also affect the prices of not just bitcoins but every coin out there also.

It is very clear that as time passes and the economies of the world get weaker bitcoin will get stronger, in my opinion this is going to be the main reason of why bitcoin is going to grow, governments will be unable to keep the current economic system going, we have seen this happening in the past where the economic system needed to be changed because it was not working anymore.