Bitcoin Forum

Now that Bitcoin has fallen in price why are we not seeing buy ups.  If investors were buying it should push the price back up, but instead it continues to fall. This tells me that investors are no longer buying which is kinda worrying.

Perhaps investors are not willing to invest at this time. Or probably waiting for the price to go deeper, might be waiting for some sign of a bull-run before pouring their cash again. Or there's a lot who got burned, are too afraid to lose more money. I guess its worrying but if you're here for the long haul no need to be afraid, you just need a lot of patience, I guess.

CRYPTO just lost $1 Trillion US Dollars, where in the fucking hell is new money going to come from to RAISE the ponzi ship?

The boat has sunk, and no new money will be found, and nobody is going to wade back into the shark infested waters of cRYPto, hell even banks will no longers let retards buy btc with credit-cards.


All parabolic-rises end this way in human history.

Do you think this fall is peculiar to crypto, therefore it's a ponzi? And what about the stocks then, have you seen how much they are dipping ?

There are general economic difficulties now, it's not an issue with crypto specifically.

I can think of one possible reason for this: a war is expected between Russia/China vs USA , and in wartime many investors pull out.
They used to buy gold in these cases, but i think that trend is no more.

I am sure the new investor will come to bitcoin, and they will buy a lot of bitcoin because they see this is the right time to buy bitcoin. But they don't buy with all of the money, but they will make a test price first to see the trend. I am sure that many of us still purchase bitcoin especially for the people who still have a lot of money from the last December. They will buy more bitcoin because the price is too low right now and they will hold it until the rate can increase higher.

BITCOIN is just software, the people who talk 'HODL' and pump btc post 2014 are the ponzi orchestrators, originally btc was just a test for crypto, but along the way assholes ( traders ) saw a way to make a quick-buck, "Turn shit into Gold"

All SCAMS end this way, why do you think this scam has an infinite horizon? Hell regulation is coming the scammers ( cockroaches ), will dissapear, for they fear JAIL.

Accuracy, that's why.
Most Bitcoin bulls don't actually have more money to buy, and they've lost almost all of the money they can invest in as they make up their warehouses.
The bear market has wiped out at least 90% of speculators.

you can't say people are not buying anymore, if they weren't buying then volume would have been absolute 0! but as you can see that is not the case and volume is huge which shows people are buying but the difference is that there are larger amounts of bitcoin being sold in one go that the market can not react as fast so the price drops.

"THE TAPE DOESN'T LIE"

Massive Volume and the Price is going down, the trend is Down

At the current price ($3400) we have only given back to Aug 2017 level, this thing will go back to Jan 2017, where the current parabolic-rise began, and that is about $1k, but the real support PRE-SCAM was $400.

"The Tape doesn't Lie", but BITCOIN pumper's just lie, or are they plain dumb, or a combination of all of the above?

https://coinmarketcap.com/currencies/bitcoin/

"HODL to ZERO, cuz a ghost name Satoshi wants to prune the flock"

Little people clamoring for 'regulation', Ripple steps forward with corporate/fascist GOV 'regulation', Ripple becomes #1 last crypto standing, little people celebrate the loss of BITCOIN and the Freedom of Slavery.

IMHO Bitcoin never had a chance, it was proof of concept, it was first,  but somebody wanted to put a very bad taste into the mouthes of people who clamor for freedom, privacy, safety, security, and anonymity; What has come out from the fall of BTC is a CALL for pure crypto-fascism.

There are people that still buy Bitcoin but the amount of sellers outweigh the buyers which makes the price go down gradually. Not everyone wants to buy because some are probably holding and others prefer altcoins. The price going down doesn't really worry me since we all know how volatile it is and if you're new to Bitcoin you should start getting used to these kind of swings.

What is a bank account? Just a software and a database.
You money is just a number in that database, which is not under your control.
It's like you gave them all your money, and once in a while you can ask them to give you part of the money (withdrawal at the ATM, transaction with debit card etc. ).

But , since they physically have your money, there is no guarantee you will see it again.
They can block/steal your funds if you don't obey the orders of the tyrant gov, no matter if they are wrong.

What is the value of a bank account , since it has unattractive conditions like that?

At least BTC is money in your hands, not theirs.
Like banknotes , from that POV, but more convenient in terms of space encumbrance.

Regulation? Just anonymize your coins, and you don't have to pay taxes for the money you don't have, as far as they know.

I forgot to point out: the current bear market is not specific to crypto currency.
The stock market is bear now as well.

It's a general economic crisis, probably due to a forthcoming war (USA vs Russia/China)

Big investors are buying via OTC methods, their buys don't affect markets as those OTC trades aren't getting counted.

https://news.8btc.com/840k-bitcoins-worth-3-2-billion-moved-into-new-wallets-by-suspected-whale

Maybe because BTC is still insanely overpriced, and they really don't need it to perform a utility, because other crypto does it faster & cheaper.
If you are just transferring money to someone else LTC does it faster and cheaper transaction fees.


 8)

The problem is that there are new altcoins now and more every month and the people are expecting to buy cheap altcoins with the hope that someday they will earn money instead of investing in bitcoins.

Sure it is a perfect time to buy, there are some people that buy but there are more people that sell on cheaper price because of panic selling thats why the price cant bounce back but if you think more deeper because of those some people that buy the price resistance to go down is more stronger.

you can't generalize the whole market with one  sentence!

there are people buying, there are people selling and then there are people buying over the counter (outside of exchanges). the fact is this drop has been a good opportunity that was  created by the whales for the whales to make a huge amount of money in a short course of couple of months. it starts by dumping on exchanges to crash then continues by them buying back elsewhere that doesn't affect the price.

Most people follow like sheep and they look at other people's behavior to determine their destiny. The people who become successful are the ones who did not follow the rest of the herd. Warren Buffet might not be a supporter of Crypto currencies, but he is definitely not one of the people who follows the herd. <He is buying, when other people are selling>

The people who are trashing this forum with negativity now are the same people who left too early. They are trying to trap other people into doing the same, because they lost money on their stupidity and they want other people to share in their misery. <They want to punish the technology for their mistakes>  ;)

The people who are clever are buying coins now.  ;) <Currently there are more sheep than leaders>

thanks for sharing this link.
i was actually having a debate about this yesterday with a friend of mine that the whales are doing their purchases over the counter for many reasons such as avoiding taxes and leaving a trace behind so that they can increase their privacy and also because they want to keep the price low. and now my theories have a proof too.

Market manipulation at its best,  but even still with the price so low you would have thought that new investors would start to buy and we should at least be seeing small increases in the value not a continued downward trend. If people are also shuting down mining because its no longer profitable then I guess this is another factor of why Bitcoin and other coins are loosing value and not gaining.

Have you done a practical of what you are saying. Go to  a good exchange and place order of your bitcoin, make sure you choose the trending price and see if no body will buy. If nobody buy's bitcoin all the exchange would have shut down.

I am buying  just not in huge volumes to make a differnce in price. This is my point ! Why are other people not buying at such a low cost  its stupid not to. You would have thought that more people would be buying at the current low  price. All the exchanges would not shut down  It would take a while for them to stop wouldent happen overnight.  You would slowly seen a decline like we are seeing with the minning rigs shutting down.