Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?
You can't really tell what is causing the price of Bitcoin to fall. But, mainly it has always been supply and demand. Most people believe that when the price of Bitcoin is low then it means that there is a lesser demand for it than there is to supply - when there is an increased demand for it the price will go up as well. There are lots of people that are trading Bitcoin every day, so anything can happen at anytime, there are times supply can get higher than demand.
There are other factors that can influence the price of Bitcoin - like regulatory changes, a decision that is made by the government. Next is political events and the media. Explaining all these is another long story, would be better for you to do your research on it.