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
yes there are hackers today that are changing the price of bitcoins and taking advantage of it but i think that fud is the most dominant reason why cryptocurrency is falling today because bad news is always spreading in different countries and investors cant handle their patience.
Yeah, when many investors believe in fake news they got panic especially those investors who are new in cryptp currency, so before you enter one thing make sure that you have knowledge because when you are aware in crypto you will avoid losing money.
In my opinion there are many reasons for fall in the price. For example false statement, manipulation, low demand from the people and the authentication. Some people say that bitcoin is a bubble, some say it is manipulated, some follow false statements about bitcoin, so they do not invest tier money in bitcoin. The demand for bitcoin becomes low and thus the price falls.