Bitcoin Forum

Is this big fall can't rise up again?
Does bitcoin rise up again after this big fall or continue to fall and die?
Why bitcoin price shrink, anyone controls the price of bitcoin?

It CAN definitely rise back up. You just have to be patient. Also, bitcoin will not die regardless of price. Development will continue whether bitcoin is at $k, $10k, $20k, $50k, $100k, or $100. Bitcoin doesn't care about the price.

Though the price of bitcoin had deflated you cannot consider it as a big fall. If you can remember the value of bitcoin started last January 2017 with 1k $ and it rose up to 20k$ the value did not return back to 1k$ again. Thus with this given data we cannot consider bitcoin to have fallen. With the current value of bitcoin at 8k + $ we can still expect it to go down to 7k $ or to go back to 10k $ by April.

On your second question, the people who can manipulate the market are the whales since they owned thousand of bitcoins and the moment they decided to sell a  thousand of bitcoin the value will surely depreciate again. But that is very normal since bitcoins value depends on the demand and supply principle.

maybe bitcoin will keep going up we just have to wait until the right time :)

You are wrong bitcoin will be recover and rise again but not now because after big falling down there is also a big rising but as of now it will fall first after that rising and meet the speculation value that $30,000 to $50,000. So the best do for that rising and not to be panic was be patient at all times and hold you coins.

nobody controls it, maybe you should keep updating world news about bitcoin so you will have better understanding. :)

This price fall keeps us all really worried but actually its not the lowest price this quarter of the year but on the end of January. However the history of bitcoin price tells us that it will rise again as it did this early February. Maybe one of the reasons why it shrink is the news that Google bans bitcoin ads. Nobody knows who controls and what causes the rise and fall of bitcoin price.

A price crash/drop doesn't necessarily mean that someone is manipulating the market. It could just simply drop because of lower demand or there's significantly a lot more people selling bitcoin than buying.

It's actually possible. Not necessarily control, but a single entity can definitely singlehandedly manipulate the price (e.g. the MtGox selloff).

There's always a rise and fall for the prices in all markets.  The dip of BTC today it could be some whales manipulating the price. But it will hike again then after all the FUD run out of stocks.

No one knows the price of bitcoin in the next few days, but I can only assure bitcoin's value over bitcoin because bitcoin breaks down after it hits bitcoin. Bitcoin only controls us as buyers and investors so it increases because of their continued support for bitcoin, so it also falls because many do not invest because bitcoin drops today so no buyer of coins or tokens due to the fall of the values of altcoins.

Yes, I agree with you on this. Patient is the key. No rush. Just relax and do focus more on the investments you have outside of Blockchain, come back when the trend is up again.

“My conjecture is that cryptocurrency holders are trying to decide whether to abandon bitcoin because its limitations mean it will be superseded by better products or bet that it can thrive despite them.”

This price correction is lasting for far longer and has gone deeper than most people were predicting. The previous recovery in February over $10,000 was not sustained but I think Bitcoin will be back over that level in the next Quarter.

For me this is just a minor accident resulted from the whale game we must be optimistic that bitcoin will rise again as it once was.

Down is just a step which will be suffered by a currency both cash and cryptocurrency.

As i mentioned above the current ongoing decline is Just a whales game and we must be aware of this. Given these assumptions, then be very clear bitcoin still has a very broad chance to develop coupled with strong indications for the existence of bitcoin deficits.

Without too much worry, the price of Bitcoin will still come up. Now it may be that the whales are trying to manipulate the disk. We should pay more attention to Bitcoin news, but we need to determine whether it is true or not.

I think price will reach 6k$ and increase again!

BTC will increase again!!!

Bitcoin price is affected by the news related to bitcoins. For instance, if there is a negative news like a major exchange getting hacked, it will cause the prices to go down. A similar incident happened in case of Binance (which is one of the most popular exchange) and this may have caused the prices to fall. Another reason is that big whales have withdrawn all their money from bitcoins at $20000 levels and now investing in alt coins.

First of all, no one can predict it.btc doesn't care about price. anything can happen.but die? impossible..btc gonna increase soon.

No one knows the market. We are currently in a down trend/bear market since January. This situation may change anytime with the right news. You just have to be patient, bitcoin wont die anymore.

Yes, why not ? Remember the lowest point on last February ? Bitcoin price increased after that.
I believed this is only temporary, the bitcoin price will recover, but maybe take some time to process.

Bitcoin will rise up again as long as their will be people who buys bitcoin. Just remember the supply and demand.. Basic economics..

There is no one who is controlling the price of Bitcoin. Every single member of the Bitcoin community is part of the entire body of individuals who have the real control of the price and fate of Bitcoin. That is why as a Bitcoin owner yourself you need to keep hodling on to your Bitcoins. The fate of Bitcoin is in our hands right now. And knowing that there are already a lot of panic sellers in the market, we should try to help one another by choosing to be strong and hodl.

Bitcoin will fall but cannot end up. Yes I shock about the price but this is the flow of the market. No one knows when the price is up or down. But I pretty sure that bitcoin cannot end.