Well knowned cryptocurrency bitcoin losing its market price.!!!

[JakeThePanda]

I am wondering what the hell is wrong with bitcoin price? How this is possible? Price is dropping like crazy are there any bad news to back that price drop?

It's not about bad news but a lack of good news.  Most people either don't know what BTC is or are completely skeptical.  How many of us actually spend our BTC?  Most of us don't use it for anything but speculation.  I've owned BTC for a couple of years now and I can say that I never bought one good or service with it.  If people don't use it, it's worthless.  The price is going down because of the limited use and people are losing faith.

[Small]

I am wondering what the hell is wrong with bitcoin price? How this is possible? Price is dropping like crazy are there any bad news to back that price drop?

It's not about bad news but a lack of good news.  Most people either don't know what BTC is or are completely skeptical.  How many of us actually spend our BTC?  Most of us don't use it for anything but speculation.  I've owned BTC for a couple of years now and I can say that I never bought one good or service with it.  If people don't use it, it's worthless.  The price is going down because of the limited use and people are losing faith.

True, that's why I saw the need to propagate BTC in my country, working with bit coiners in here
To make educational projects such as my highschool project hopefully we can get bit coin back
On track

[dothebeats]

If you invested in btc when it's around $400, then you probably be worrying right now. Bitcoin isn't a get-rich-quick scheme that most of the people thought it was, diving into the depths of it and thinking that "Hey! This is easy money right here!" then after seeing that prices go down, gets worried and spreads rumors about bitcoin. If you think that bitcoin won't get anywhere up, you are free to leave. Most people in this community are pessimistic.