the only reason bitcoin price drop is because of the news being feed to the community
while others panic , the rich people are hoarding the coins , some sell their coins rich pick it up while laughing
saying how stupid these people are, im very sure about that, anyone knows it
Bitcoin has dropped in price due to all the chaos going across the world relating crypto currencies. Nations all across the globe are implementing rules and regulation on trading and launching of crypto currencies.
There are also fakes news and FUD that is leading people all around the world to panic sell their holdings. Anyways for me and most of the smart traders and investors its the time to hold previous coins and keep on accumulating more.