The real reason Bitcoins price has went down is frankly quite ovbious it's because so many people have been burnt by scammers most notably MTGox.This creates an enviornment that is extremely hostile to newcomers and once they are scammed they are put off Bitcoin and they do not reinvest. Seeing as roughy 60% of Bitcoins supply has never moved this rate of alienating newcomers results in Bitcoins price plummeting at the worst and barely maintaining value at best. Countless people have left the crypto community as a result of MTGox alone that means a large percentage of people are no longer taking part in the Bitcoin ecosystem.
Get outa here.!! Bitcoin price went down do to scammers?? are you on drugs kid? Bitcoin price went down because it was over-bought, over-hyped and under regulated.
Big money cant flow in until official regulations are in place to secure investments... Hype died down and some panic sellers/amateur investors couldn't handle the swings. Had no clue of what Bitcoin was when they bought it and still dont know what it is after they sold for a loss.
Get on the jet man... BTC is about to moon hard... Do you have your space suit on? I do!