The real problem of bitcoin price decline is that more of 50% of cryptocurrency community are most of them ignorant and lazy people , they just follow rumors , they never get news from trusted source , never do research and this what create this panic Sales on the market and this bloody bath that you see right now , they heard about bad news from India so they start selling and never try to understand what was the news and what is really going on , and did this affects on bitcoin or not , I am sick and tired of those kind of people .
If you don't believe in bitcoin just walk away , we don't need you in our community .
Most of these people that are the cause of the biggest and most recent price decline bitcoin has ever been afflicted with were the ones that were dragged in by the hype of last year's bitcoin's all time high. They aren't educated enough and they don't want to be educated. If only we can find a way for these people to be dragged out of the industry, not only are they putting bitcoin's price at a huge disadvantage, they are also injecting a lot of FUD in this industry.
People nowadays are easily deceived by bad news. Bad news cause wrong speculations that will caused wrong information. The really problem is us, we need to be unite, so that the community of bitcoin will success in every situations that is going to happened in bitcoin. There are many reasons why bitcoin price decline, and all we can do is to trust and help bitcoin, so that it will increase again and proved its capability to us all.