Why bitcoins are dropping, and will continue to do so?
So you askin me why btc prices will keep diving deep in blue sea ?
Well I tell ya ...
1) Lots of (Poor-mid class to poor - wealth dreamers) are jumping into (mining-mining gear-mining contracts-mining shit , .. etc) with huge investments dreaming of creating wealth out of thin air.
2) Very low number of (speculators-long term investors - normal people saving money - daily btc buy from a shop users) are buying in! and this is really strange since everything else is turning out to be obsolete investment with over priced current prices or nu future or whatever. I really wounder where are the normal people and the real investors hiding their reserve cash since it is a global decline and yet no specific single market/stock is chosen to be the last resort yet!
3) Very Very Very low business (that offers real services/goods for BTC only or with slight advantage for using btc - like discounts maybe) entering the market.
Simply we have the 'ld good market rule (Supply and Demand)AAAAAAAAAAAAAA+ Lot of Supply (dreaming Miners)
andtiny steady demand
<<<<< "Tiny Steady demand"
andSwinging Speculator demand
to make money out of idiots.
SO the final sum will be a lot of supply and almsot no demand >>>>>
BTC prices = 000.0000000000000000000000000001 USD