Why Bitcoin price are dropping?

[LFC_Bitcoin]

You need to buy now before the price rockets.

To Da Moon

[Brewins]

So guys.. Who tries to predict the price of BTC on January 1? 

318,00?

Probably same level as now, maybe between +30 and -10.

Bitcoin stopped to drop and now is in consolidation phase. After X months in consolidation we sill see another moon ride

[TriggerX]

This is part of the price cycles of bitcoin once this hits bottom the price will rise up to $5000.

[Sonny]

IMO it is logical to see the price going down when big companies accept bitcoin through Bitpay and Coinbase. The more people spending bitcoin, the more sell orders will appear on exchange.

[botany]

IMO it is logical to see the price going down when big companies accept bitcoin through Bitpay and Coinbase. The more people spending bitcoin, the more sell orders will appear on exchange.

True. I guess in the long run, large companies accepting bitcoin will result in higher prices.
As acceptance increases, the bitcoin economy will grow.

[BTC-TMXSTAR]

This is part of the price cycles of bitcoin once this hits bottom the price will rise up to $5000.

I hope this will happen

[arieq]

Well, despite the current low price of btc, at least we can take a look at the postive side, it took 11 months to crash it from $1200 but it only took 2 months from $150 too $1200 last year

[BTC-TMXSTAR]

Ughhhh, Bitcoin is very very low now. I think Bitcoin will might not recover anymore...  :/