Bitcoin Forum

After seeing what bitcoin has passed through especially recently and still rebounds and rise even higher. I am now forced to wonder, what on earth would bring the price of bitcoin down and keep it there. What do you think will do this?

The people not trusting the currency anymore. Barring any government intervention of course. The only internal problem which would lead to bitcoin "imploding" would be people losing their confidence in bitcoin for whatever reason.

For me, if you want to keep Bitcoin price at the bottom is you need to kill all the internet all over the world. And also try taking out the power, if you can. :)

Don't be so sure... if your government bans bitcoin from a day to another, and wants to send you to jail if you transact or just own bitocin, would you risk it? I know that some of the people would risk it, but not all of the people who owns bitcoin now. So if eg. half of the current bitcoin owners will be forced to quit bitcoin, it would affect the price heavily. So as long as we're not disturbing governments and banks too much, this is a good situation, but as bitcoin grows, there will be a point where we need to prepare for regulations. (which has already started, exchanges KYC, AML, etc...)

The more integrated it becomes, the harder it’ll be to ban it.
Once it starts making its way into mom and pop’s investment portfolios, it’ll be unstoppable, imo. Inclusions by Goldman Sachs, CME and others that follow work to this goal.

High frequency trading

This month was horrible month, because many countries have decided to ban Bitcoin and they are preparing them self for this action. Even though Bitcoin is being done and these countries but still be used all over the world. Yes you heard it right if you are in a country or Bitcoin is going to be illegal then you are going to earn your Bitcoins and send it somewhere else and something else with does not relates to the bank.

At this point it is a freight train, traders and bots are selling and droppig the price but then other traders and bots are buying the dips and pumping it up. I'm looking for 1k b4 the end of the year. Just 1 month ago I was calling  for 10k by mid jan, but now it is accelereted

Government over-regulation could make cryptocurrency prices drop significantly although some people think that it wouldn’t have that affect.

A major problem or scandal at a large cryptocurrency exchange could bring the price down at least temporarily. We have seen this happen with MtGox and Cryptsy with major disruptions to the market.

For Bitcoin specifically, if fees get too high and transaction times get too slow and these issues are not addressed, the free market would most likely result in the Bitcoin price dropping as other altcoins took the market cap lead.

If a dying patient is fighting for his life he will keep breathing. Remove the source of breath and he will die.  Now, if you want to kill BTC,  then remove the miners, stop them.  Thats what Roger Ver did,  he bribe the miners to leave BTC. He also spam the blockchain with garbage transactions to keep the BTC blockchain busy while we are lacking miners.

We need more miners.

If there will be more people who are driven buy greed and decides to manipulate bitcoin. Just take for example the recent commotion that had happened that greatly affected the bitcoin community.

People really moved a little bit from the original bitcoin and switched to bitcoin in cash, because bitcoin did not solve their problems of low transaction bandwidth. In the fall in the cost of the initial bitcoin, there are some positive points. We do not need a pumped bubble, but constantly improving in quality of the crypto currency. When the initial bitcoin does not have a sharp break in the price, there will be normal competition between bitcoins. And it will be good.

I think, according to the current market attention, bitcoin prices can not decline in the short term a lot, only when the market is less people, bitcoin holders less, the price will decline.

there are a lot of thing that can caused a huge downward movement for Bitcoin,
but for keeping it in there there're none of them can do that,
only 2 possibilities that will happen if you're asking about it :
1.A huge blow caused by the fudder for a weeks and then the price will be increase a lot from before
(it's our current move,and for the time being it will always be like this)
2.A huge blow caused by the network,for example the network crash and totally destroyed.
which mean Bitcoin has 0 value and it will go down forever.

the reason why bitcoin very popular right now because it has its own usability,
if it lose its usability,with the time or directly it will lose its value.

Bitcoin be like a plant or a farm. As long as there are farmers, as long as there are people who cultivates the land, everything will be steady. Bitcoin will remain steady as long as investors are investing. Now, if a huge entity comes and would like to sabotage bitcoin, then maybe it can be shaky.

It definitely had a bad impact on the market if we look at how things were going with Chinese exchanges and their zero fee structure. Volumes jumped to millions of traded Bitcoins per day, and that per exchange. Orders of +10,000BTC were pumped through in a matter of seconds like it was nothing, etc. It was a brutal market, especially for the regular traders and people. I'm really glad that it no longer exists. I am not often in favor of certain governmental actions, but them stopping this barbary has definitely given the market a boost. I am more thinking about something a bit more severe, like a Gox scenario (mildly hinting at Bitfinex). ::) Bitfinex is a ticking time bomb.

Only when it is adopted by 6 billion people, worldwide, and all state-controlled currencies die.

Which might happen in a hundred years. In this case, the value will be one billion dollars for each coin. And of course, there will be no more dollar at the time.

Its true that bitcoin has successfully survived despite china's strict actions against it and masterplan by roger ver and his team to pump BCH and dump BTC.Just for now,no threat is found.But certainly,some hrd forks are expected in the upcoming months.Some group may once again start spreading FUD and encourage panic selling.There are always a bunch of weak hands in the bitcoin network who would fall victims to such FUD and would sell off their bitcoins making bitcoin price to fall.It would still continue.....

Remember that when the Chicago Mercantile Exchange enabled bitcoin futures trading in December, JP Morgan and all those places that think bitcoin is a bubble will at last have the ability to short it in an enormous way. Yes, we have margin trading on bitfinex, bitmex, and kraken, but it's a piddly amount compared to what is going to be unleashed.

Bitcoin doesn't have anything to face more than that it has faced in this short time frame. At present nothing can bring down the price of bitcoin down. Some issues might create a temporary price drop which soon grows further reaching higher value than what it was before the price drop got initiated.

If there is a new coin that comes along and swayed so much investors that they totally abandon bitcoin in favor of this new coin. We have seen attacks getting blatant and has no significant effect on the price of bitcoin. Though the price come crashing down, it will rebound and can go even further as its previous ATH. So I can't think of anything except for a new coin that is better and superior than bitcoin (not bitcoin cash) that will attract more investors. The question is, will there be one coin that will emerge in the future?

The simple market and rules of commerce determines the price of bitcoin . The words are "demand" and "supply" . Obviously , one of the main reason why bitcoin is flying high is because many people have shown interest to in bitcoin . Many people have found out that bitcoin is a very good source of earning big bucks .
 After the speculation of amazon accepting bitcoin it even pumped the bitcoin demand and value to another extent . The downfall of the price can be related to the controversies and the the countries banning bitcoin or some negative comments by famous people . Forks and higher demand of other alt coins can also lead to the downfall.

No people and nation states can ban Bitcoin at any time. Nobody is stopping them from doing so.
However a ban won't stop Bitcoin's usage and people's adoption. Similar to the ban of alcohol or making drugs illegal.
And because Bitcoin is a global phenomenon, every state banning or not adopting will get left behind.
Even before reaching mom and dad's investment portfolio Bitcoin will have made another 10x gain at least!!! Now it's the institutionals who will suck up as much BTC as they can. A pitty for them is that the majority is already distributed and in pretty strong hands. So they are fighting for a very limited amount of coins right now. And the more the demand for those left coins rises the higher the price will get of course.

Nothing can make this happen, bitcoin cannot be stopped by people and government. The only thing that can stop bitcoin is itself, if a problem occur and bitcoin cannot handle it investors and users will start to find another coin that can replace it. There are many people who tried to stop it, even billionaires tried but bitcoin always reject to fall and the users of it never denies and that is the reason bitcoin cannot go down for good no matter what.

If your government intervenes to much and regulate the crypto market of country by imposing some restrictions or ban then it would affect the prices heavily and people will start dumping their coins.Let's suppose you cannot pay any bill or exchange your btc in your country because of the government then what would be the fun of keeping them with you. The second reason may be people losing their Faith from bitcoin or other coin might replace its value over long period.These factors will contribute towards downfall of btc prices.

For me, what will bring bitcoin price down is if all government agreed to ban the use of bitcoin and don't accept it, but i think this will not happen because many government knows that bitcoin can improve somehow the economy of a country, thus nothing can bring the price down and keep it there.

It is because of the low demands. They need to lower down the price for people to buy it. Then suddenly it will go high if the supply becomes poor. They need the coordination of two sides so that the bitcoin will maintain its status.

in my opinion bitcoin has it's own image in the crypto wold no one can easily achieves the position of bitcoin. may be there will a slight change occure in the price of this currency. as there are so many other coins comes in the market but every one has it's own value and own business. the bitcoin is the centeral currency of the crypto world as the time goes its popularity are also growing.

This is a very wise statement. But what will happen to bitcoin price if all the banks are connected and will not allow any operations on the conversion of bitcoin to Fiat. Don't forget that bitcoin sucks working capital from banks. They will never accept its existence. Without the free circulation of bitcoin in the trade he will always be under threat of destruction.

What on earth why bitcoin price go down? Then blame it on those buyers itself because there are really times that people would make a certain spot for profit taking which would really create price decrease and later on they the ones who do buy on those price dips. Rinse and repeat since these kind of way would really give you profits on just doing it.If i were you got used to it and this is how bitcoins price do move and as a wise bitcoin investor you should know how to ride on the waves.