It goes up.
It goes down.
It goes up.
It goes down.
Just what it does. It fluctuates. Up and down. People sell for any number of reasons - the market isn't a singular entity. Some sell for the holidays. Some sell because of fear. Some sell from restriction. Some sell to manipulate. Businesses exchange to fiat. Miners cash out. Any number of reasons. When those people sell, the price drops.
The answer to your question is "a bunch of people are selling."
When those people sell, other people buy. But when more than those people want to buy, demand to buy, the price goes back up.
I'm still fairly new to markets in general, bitcoin too, since March this year...but I've read enough on here and watched the market to see that the answer is the above: it goes up, it goes down. People selling make it go down, people buying make it go up. Without some blatant event taking place, it reverts back to one of the above. Pick your buy/sell point and go find other shit to do...and do one of those when your point is reached.
When I first bought btc I was hyper excited and sleep deprived, watching the charts 24/7. That got old after a little while and I found I enjoyed playing the "call it" game...
I wouldn't check for a week and before I'd load the bitcointy page I'd predict what the price would be. I'd usually be within 6 bucks.
It's nothing mysterious. You have a lot of people buying and selling, it's gonna fluctuate. When a lot of people start selling, it goes down.
I'm one hoping it'll drop waaaay down to $100-$200 because just getting that low will scare the bejeezus out of the remaining skittish ones and they will take a nose dive right off the ship thinking it's the Bitanic. It might be a mega crash all the way down to double digits if enough people freak out and sell. That would be the reason for that kind of crash. Everyone will predict the end of bitcoin.
And those (of us) who know better will nod and hit the Buy button. The buy back will be immense.
Then it'll go back up.
