Bitcoin Forum

While some of us are aware that BItcoin suddenly took a huge dip from a stable $6400 to a shocking $5400 dip late this week. A total opposite of what had transpired last year of fourth quarter where bitcoin skyrocketted its value to almost $18000. Many are left wondering what is happening to bitcoin or will it be the end for the coinn what do you think about the current situation?

Yes,it is a total opposite.And so what?There's no guarantee that the bitcoin price has to follow the same pattern every year.I was expecting a big pump at the end of 2018,but know I think that it won't happen.
Anyway,life goes on and we just HODL(or buy more bitcoins).
This price decrease can't be compared with the December 2013 price crash,and yet there are people,who say "is this the end of bitcoin?"This is hillarious.

There are several things due to which this happened. Due to the last year hike, btc got attention of many governments & this caused some troubles for btc. Another fact is that network congestion leads to delay in confirmations. Sooner or later, it will cross $18000 mark again.

Maybe in December it will be the opposite too? Instead of going down, we will be going up.

I do not think that the this year is the opposite of last year.
Many of the people who got in bitcoin contact last year are still amongst us and have not left the bitcoin business.
It's only that the price has reached a more realistic level.
By the way, in my eyes those ups and downs have become the real engine of bitcoin.

Don't know why people still got surprised on how bitcoin price do moves out.There would always be a sudden dump and a sudden price increase depending on what
kind of news we are getting into. Imagine that it is already 10 years and some old crypto enthusiast still shaken of with these kind of events without even thinking that we are still thousand
times fold compare on previous years price.

This crash is damn near identical to the 2014 crash off the 2013 pump. In both cases we are around 30% of the peak 11 months following it. If both these periods continue to mirror each other expect bottom of about $3000 or possibly even into the $2ks next year.

There's still hope for a christmas bullrun similar to last year's. Remember that we went from $3000 to $2000 in no time, now we are at $5500 so there's less distance.

Also don't forget BAKKT launches in December 12. So it could start picking traction fast if the platform gets a lot of contracts early. It all could align for another x-mas bullrun.

However I would love to have a bear market or stable price for another year. Cheap coins = unique opportunity to accumulate. It's the only way to get rich long term. Once the next bullrun happen we can say goodbye to sub-5 figure coins ever again.

Because of a 13% decrease in the price? That's nonsense.

Unless Bakkt brings in fresh capital to pump the market, I don't see how the btc price will go up next month. Bearish sentiment is still present, and this current dip isn't helping to change that sentiment in the short-term. Sure, the price could recover, it might be even go up in the following weeks, but I doubt we'll see a massive surge like some people expect.

Um yeah this is a completely different year and yeah it's opposite to last year but we didn't need last week to tell that to ourselves. Been apparent for months already, and we've had two or three past cycles to remind us how hard Bitcoin comes down after a rush, and how long the hangovers tend to last.

Not sure why people still think there's time for a Christmas bull. At best a recovery, maybe even a climb back up to pre November prices. Gotta keep grounded guys.

Are you stating a conclusion on your own accord or giving us FUD? Its been a total opposite the last time because we are still in the midst of a bearish market and it is pretty unpredictable because that is how cryptocurrency works, and by saying a stable $6400 USD price, Bitcoin doesn't really stay stable and will never be its price is still changing but in a low volatility manner, We can say that the price back then that hit to $18000 was a bull run and that same thing is the thing we need again to make the price skyrocket to that same level, And this bearish market will not sure last and must subside to stop the resistance of the price in moving down.

Personally I think this is the true. Last year the price of bitcoin had started to reach the maximum value at the month of November. But it was a quiet opposite now. The price of bitcoin and Ethereum had started to reach the lowest value of this year. Only Happy thing is , it's a temporary one .So no need to worry for the fluctuations in bitcoin price.

This is definitely not the end. I think that when Bitcoin is falling down it is not bad, but good. I think that "they" do it specially in order to buy at a low price. You will see growth and it will be soon

Well about last year it was as many people say, due to the demonetisation in India and due to which people invested huge amounts in bitcoin just because they could hide their ill gained black money to be hidden from Indian government. And after that pump there was no other source of new investments to the people and the price started crashing due to lack of support and got to the break even point for Miners where they could just make enough of what they spent to mine those bitcoins.

Probably this year, there is no bull run happening on the market. But I personally believed that this is not the end as long as there is a fluctuation no temporarily price in the crypto world. Just have faith and keep holding on what you have or invest more as much as you can.
OP was right it is now definitely opposite price if we compared last year and hopes were now on the bottom price and it is not continues fallen, hang on, keep holding, after this probably it has a good start.

There's enough history to draw on now for people not to be surprised by this. It's the inevitable slope downwards after a strong surge upwards.

The only question is how long and how deep it'll be. The hangover from 2013 was vastly longer than the spike. It was one month of madness that took three years to return to.

Since the rise this time around was so much steadier in comparison I'm hoping the whole thing is a more level affair. If not then we have one lengthy wait in store.

Nice description.
I doubt the price will take too long to recover. December is quite special month for bitcoin, we used to see a positive trending and people used to buy BTC.

There is no big difference between this year and the past year. But in the past year, even if there was a bad news, the price was rising. In this year, no good news can increase the price.
So, there is no doubt it's a manipulation in price.

Yeah it was pretty shocking when that happen, i was kinda surprised to see that it was dumped by more than a thousand dollars on a single day

but i am still positive regarding this, if it goes a little bit lower i am going to keep increasing my holdings of bitcoin, and maybe some altcoins too

Err, November is sexytime normally, preceded by stirrings in October. Nothing happened in October. Nothing but falls have happened so far this month. This December isn't looking too hot right now. I think it's lining us up for a proper seeing to early next year and maybe then it'll be time to start building something.

No, it is completely different.
Last year, the price is rising because we got an information about CME listing in Q4 2017. Even after china declared their ban, the price did not go too deep because we were expecting a new rise when CME list Bitcoin.
and today, we got nothing at all except drama and fud from influencers. and the most important thing is, investors knew that the price will not increase forever because it needs to stabilize its price and its capitulation.
market always moves like that, always making fun of you.

It's really big difference of the price of the bitcoin last year and this year. Price of the bitcoin last year when comes to january until december it increase and most of us earn so much money. But when january 2018 it will decrease more and until now.

Either Bakkt bring in fresh capital or not the crypto market will always experience the down trends whenever the cryptocurrency market hit an all time high price and I want you to keep in mind that this year market have nothing much to offer than the traders and investors seizing the opportunity of buying and hold till the future bullish market.

Exactly my thoughts. Last year the price went up when it dropped this year almost in all moments. Last year when the year started out the price was really low and gone a bit up until summer (bitcoin cash times) and than stayed same for 4-5 months and went up once again at the last months. This year it dropped a lot during the first months and stayed the same for 4-5 months and than dropped even further at the last months.

Each and every single step is exactly the opposite of each other aside from the fact that both years had some time where it was staying the same and stagnant. Lets hope we can reverse this by 2020 and during the havling period and afterwards we will have a bitcoin that is much better than what it is today and much higher volumes with more people interested in it.

As this year is a total opposite of last year, so will next year be opposite of this year. As more people will bow out of bitcoins as a result of lack of faith in , bitcoin will rise again in next year and will sour over the price it was even in last year 2017.

Well, indeed it is a total opposite from last year since their is no guaranteed that last year same to be exact this year. Many users really expects that bitcoin could soaring high this year but it does not happen. Hopefully next year their is a big difference that bullish run can happen so we can have a profit record in our portfolio.

I see this as a natural continuation of what happened in the last year, many people thought that after the bull market that we saw the market will keep skyrocketing and that is simply impossible, if the bull market that we saw in the last year was incredible it was completely natural that the next bear market that we were going to see was going to be unbelievable as well, and even as I knew this I have problems to accept the bear market that we are seeing.

But this is not something to be worried about, bitcoin itself is still as good as it can be, what we are seeing is a huge decrease in the demand of bitcoin, and if people do not want to buy bitcoin then it is completely natural that the price goes down as a result of that.

Yes. Its true. Compare to the market price last year it has a huge difference.This year bitcoin often to downfall and we have no choice but to accept it. As far as I remember, Last 2017 is a good year for bitcoin market because it not like this year it raise price immediately after its downfall. Personally, I do not know what is the reason why its suddenly go down. But I believe it has a reason why it is that way.

That is right. This year has been very weak in terms of the financial progress that had been witnessed last year. Since January, there had been heavy depreciation in the worth of every coins and this is why the year and the progress in the growth is very much faded.

This is just a fall for me. No matter how deep it is from the ATH, still I haven't think this is the end of this coin. Pretty sure it will recover soon just like what btc did before and we are still in 4-digit price. The only hope for this year is just the bakkt but if the price didn't make atleast a little recover. Then I guess, deep will continue next year.

yes that is true, even this is the worst case in decline for ethereum, we cannot deny this for the year as a loss we suffered. especially after the war between the bch. and I believe that at the beginning of the year everything will turn around for growth.

Yeah this is sad. There is no solid feeling coming through about bitcoin jump this year. We do think the highest prices of bitcoin, but it seems our dreams would be crushed very soon.

you are right that many investors have benefited in the past year and for this year the growth has decreased so indirectly the risks that we get with prices and developments cannot be guaranteed in the future the main capital confidence and patience that we need in investing this year

This is the effect of the bubble run of last year and the market will perform a correction due to some overvalue of crypto. It just a surprised on me to realize how strong the rally of last year and then slowly declining to hit the bottom for just a year.

Although this year is the opposite of 2017, but bitcoin will not end this year. Even though the price of bitcoin falls very low, bitcoin will be able to survive and will lead to its recovery.

I really agree with you and that is why we should takes it as it comes.  Bitcoin has been going downward since the beginning of the year and the current price is the lowest it has gone since January till now.  I think we should not expect much for the remaining days of this year but we should be hopeful that next year will be a surprise to all of us.  Bitcoin is going to be bullish next year like 2017.

While you are correct when you say that this is just a fall in the price of bitcoin for many, especially those that invested when bitcoin was 20000, the price we are seeing is a tragedy, they were already very mad that they invested at the worst possible time in the market but now they are discovering the bear market that affected them so much is not close to being over and that the market is going to keep going down for a longer amount of time that they thought possible.

Those people are desperate and will probably sell their coins even if they know that doing it is going to be one of the worse decisions that they could take, but they cannot longer take any more losses and will probably leave the market and never return to it.

What people thinks is that history can repeat it self, I myself thinks that what happened last year may happen this year. it may came late this year. But looking at the reasons of the bull run last year, I don't think we are going to have it anytime soon. No positive news to trigger the market on a bull run and instead negative news are more out there.

In a way this was to be expected, it was impossible to have such a great year like the one we had an then expect the price will skyrocket again in the next year, we need the bear market that we are seeing, I know many will not agree with that posture but when the price skyrockets during the next years you will be grateful that you held your coins during this difficult bear market while many other didn't.

Though it is a big opposite from last year event but still to be consider as a good investment and good price to start with. May new starters will start for now and make profitable after much probably early next year.

It's opposite than last year but I still think Bitcoin is a great investment,the price dropping is because some party try to win the hashwar and causing the price plunging, for the future I still think investing Bitcoin going to make a huge profit, think of buying Bitcoin in discount price and aim for long term

True this year is a opposite of last year but I think we don't need to be disappointed because maybe the price is the right price for now unlike last year that so high its look like bubble that when its pop it will gone. But I believe that this the right time to buy more in the market and we see again a great price.

Like we all know, the crypto currency market is totally unpredictable. You will never know what is going to happen to the price. Even though it may sometimes follow the same pattern from previous years, but there are also chances that they will deviate themselves from the pattern. So, what ever you invest, make sure you are prepared for anything that is about to hit you hard.

I think the present price decline of the bitcoin will not lead to an end for the top cryptocurrency. This is a price cycle that every cryptocurrency can't avoid including those so called price manipulations by the whales. Many investors think that the present price of the bitcoin is still pricey and decided to wait for further price
drops  before buying again so last year's bullrun will not happen again this year it reach its bottom.

It may seem weird but bitcoin is an even greater investment now than what it was one year ago, one year ago the price of bitcoin was close to 20000 at that point bitcoin was a terrible investment because we had been experiencing a bubble for a whole year but now that we have been experimenting a crash for a year as well the price of bitcoin is many times more attractive than what it was back then.

Last year the people's purchasing power was too high, so this year the people's purchasing power was reduced. and people's purchasing power has continued to decline until now. besides there are a lot of ico scams now.