It seems that some whales are pushing the price down atm.
whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it
There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.
The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.
thats true, it shows that not a lot of people are willing to invest in their bitcoins and it is definitely not a good thing because it does not allow bitcoin to be adopted
If you mean invest then that would simply holding your bitcoin for a specific period and I don't think that would really help in the market circulation, on the other hand if we want some kind of adoption we all need to spend online to increase the circulation of bitcoins and not just hold it.