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.
Yes that is right not a single reason is there which is responsible for the bitcoin price to fell down, most of the time the bitcoin price is only felling down because the market is taking a correction, but the current decrease in the bitcoin price is only because of some bad news that are wondering in the market, i hope that very soon people will again get their confident to invest their money in bitcoin and release selling pressure.