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
Anyone you ask this question will always tell you that its due to the rate of demand has decreased while the rate of supply has increased lol😂😂. Well, that is the truth, cause I dont see any other way you can explain what is happening here apart from that.
When the whales invest a huge amount of money, that adds an increase to the rate of demand and when they withdraw their investment and profit the rate of demand decreases, making the rate of supply to increase. And by the way, this is an old post😕.