Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
Things that causes bitcoin to fall down are the whales that manipulates the price of bitcoin for them to have huge profit..small investors keep on panicking and lose its hopes and sell their coins due to price breakdown.Another spreading FUDS that destroys the trust of every investors.If there will be no more adoptions happening then most probably bitcoin would lose its value.
I certainly agree with it. Not only that because of this FUDs spreading people keep on panicking while the whales also took advantage and start to manipulate the market. There are also some factors that can affect bitcoin, and as what you have said one of which is mass adoption or most likely adoption from several establishments, companies or much better a country, it will boost its popularity and not only that its value and its price will increase, but if not its the other way around.