i have observed that now bitcoins arrogance causes its price drop
as soon as bitcoin looks too expensive, people start seeing bitcoin as some sort of arrogant cryptosect,
and the price drops, as will its popularity,
as soon as 12 000 USD are beeing reched again and people start speculating a price explosion again, bitcoin looks again arrogant for many and people will drop it
someone else expects the same?
regards
The price fluctuations are very noticeable, Bitcoin is a bit of a curiosity, more so than an investment to some. The main reason for the crash was from the governments around the world passing their judgement upon how it should be outright banned, or regulated.
When that happens, the panic continues to ensue as people begin to lose faith, due to the rigidness of the some of the decisions made by parliament.