I know about the demand and supply and its the reason a marlet gets different price at different price but what make bitcoin users to lead to this pricefall..I mean once there was 1btc = 500$ and after that I herd some hackers have hacked some exchanges and many scammers also poped out during those days..and this all leads to currenct price of 230$ I hope some peoples will do something to avaood these problems as much as we can
There are so many different reasons why the value of Bitcoin has risen and fallen over the past. Since cyptocurrencies are a different kind of currency that is not affected by reserves or inflation rates, then the means for how it increases or decreases are affected by so many different factors too. I think, though, the one important game changer for Bitcoin is the fact that there are so many negative news swirling around it now, and that affects how people view it, and in turn, it affects how they use it in transactions that somehow affects its value.