whats going on with the Bitcoin Price?
1.Nobody knows for certain why Bitcoin has been falling throughout 2018 due to its opaque nature and lack of cash flows that could allow it to be valued on a conventional basis. However, there are many reasons commonly cited for its falls, including:
1.Lack of regulation or the hoped for regulatory approval that could help bring it mainstream
2.The regular forking or splitting of cryptocurrencies into derivative currencies has led critics to claim theyre not infinite at all
3.Regular scandals reported in the news about Bitcoin exchanges being hacked and funds being stolen
4.Lack of institutional acceptance of the currencies, at the height of the mania it was believed the possibility of trading Bitcoin futures could help bring it mainstream, but this has not materialised
5.Asset prices in general, such as capital markets including equity and property markets have also been falling over the last couple of months
6.Banks, governments or large private enterprises have not moved to accept Bitcoin or other digital currencies
7.Sentiment has done a U-turn, and as demand falls so do prices
8.The Fear of Missing Out Trade (FOMO) has now turned into the Fear of Not Getting Out (FONGO) trade as many speculators sell at steep losses