Peak - 16 Dec: 20.000$
Dip - 30 Dec: 12.600$
Peak - 6 Jan: 17.100$
Dip - 5 Feb: 6.900$
Peak - 4 Mar: 11.500$
Dip - 7 Apr: 6.600$
Peak - 5 May: 9.800$
Dip - 28 Jun: 5.800$
Peak - 24 Jul: 8.400$
Now we are at 6.200 going down to the next even deeper dip
This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral
Looks like your prediction was off, now the bitcoin value has gone stable in $6300+.
You cannot compare btc price on only 1 year. If you see the bitcoin value from the past years, the peak always gone higher than the past year.
for those who buy Bitcoin in 2017 currently only get a loss, but there are many who get rich suddenly because Bitcoin, they are the ones who buy Bitcoin in 2012 - 2015
an increase that is too fast may be the main reason why the price of Bitcoin continues to decline so far, I think this is a natural thing