Bitcoin Forum

i want to know if anyone can answer a few questions with complete details please?

Why the value of Bitcoin is going down?

When would it be back up?

Would it ever goes back up like 2012 at $1,000?

What's really going on with bitcoin?

you mean the bottom?  who knows. 


no one can really answer that.  but hopefully soon.


anything is possible. yes, hopefully.


the bubble burst even more.

Its a millions dollar question my friend lol if i knew whats going on with btc i would not seating front of pc lol good luck  ???

0 is the end.

You may try reading tarot cards. You won't get any better answer.

Would it ever goes about up like 2012 at $1,000?

Yes , just wait and see
but dont know when :D :D

It's simply supply and demand, nothing much no one can predict when/will it go up or down. Just enjoy the roller coster.

Complete details?  Ok, I'll try.  It would help if you would ask detailed questions.


Yes.

If you look at the exchange rate of bitcoin for common local currencies over the past few months or the past year, then you are getting more bitcoins for the same amount of local currency.  Many people use the words "going down" to describe this.

• Dec. 2013: $1100/BTC
• Mar. 2014: $700/BTC
• Jun. 2014: $500/BTC
• Sep. 2014: $450/BTC
• Dec. 4, 2014: $375/BTC
• Dec. 11, 2014: $350/BTC
• Dec. 18, 2014: $325/BTC
• Dec. 25, 2014: $325/BTC
• Jan. 3, 2015: $300/BTC
• Jan. 10, 2015: $275/BTC
• Today: $200/BTC

If you look at the exchange rate of bitcoin for common local currencies over the past few years, then you are getting less bitcoins for the same amount of local currency. Many people use the words "going up" to describe this.

• Jun. 2009: $0/BTC
• May. 2010: $0.003/BTC
• Apr. 2011: $1/BTC
• Feb. 2012: $5/BTC
• Jan. 2013: $20/BTC
• Today: $200/BTC

Back up to what?

As you can see from my post above, it is already up from where it was in early 2013 (and 2012, and 2011, and 2010).


You are asking people to predict the future.  Anyone who tells you that they know with certainty what the exchange rate of bitcoins will be in the future is either lying to you or is just making a random guess and has convinced themselves that they are right.  It could go to $100,000/BTC or more in the future.  It also could go to $0 and completely collapse and be worthless.

It is a volatile, risky, experiment.  Do not store value with bitcoin that would be devastating to lose.


A million things.  Far more than I have time to type here.  There are new services being created around bitcoin. There are new businesses accepting bitcoin. There are new enhancements being made to the core software. There are new wallets being created.  There is a lot "going on with bitcoin".

If you are asking why the exchange rate is changing, then I suggest you read this:

http://www.investopedia.com/university/economics/economics3.asp

no way to really tell how and when the market prices will change for sure, otherwise everyone would get rich off trading coins.

No one knows for certain what will happen. Go up you say? The prices are still up if your basis is 2009. The $1200 is just a bubble, and the price is just finding it's way where it should be. Tbh, it could still go up to a thousand $$$ or it could go down to 0. The question is: when? Well, no one knows.

it goes up and down a lot but once the halving start we will see the price go back up.

i like that "Just enjoy the roller coster". im just freaking out cuz i want the roller to go back up. lol

Chill bro. That's how the ride goes. Unless you have the $$$ to move the price up. Just relax. Don't think too much about it, unless you've put your life savings into it.

No one can answer on these questions.
One thing that is no question about is, BTC went to high to fast and it is now correcting.
It was in a bubble when 1 BTC was worth more than 1 ounce of gold.
Think about it, how much energy and man power and tones of dirt need to be processed to get one ounce of gold.

Also governments don't like bitcoin.
But they do like idea to have electronic currency, with unlimited printing.
So it is in central banks interest for bitcoin to die. Are they working on it?
Could be, it would not surprise me. Will they win? I hope not....

It's becoming one of the evermore sentences like why sun sets in the west and what's going on with bitcoin.

Best we can do is to support the community anyway we can.

To me, btc survival is not in question, but mining became unprofitable, so now we have many btc investors not interested in mining anymore. So, we own btc with no idea what to do with it, which reminds me on similar situation with Internet on late '90s.

Latest CHF boom also reminds us on fiat vulnerability, oil price falling also made considerable markets disturbance, gold price is questionable too - all this is supposed to influence the growth btc price but it still falls.

The planet is shaking looking for a stable financial point of support, the common people do not want to trade, but only that their earned money survive for retirement.

All above tells me that crypto currencies will survive, speaking of btc, with some reasonable btc price, most likely at $150/btc to $200/btc

coins stolen, panic dumping, not the same initial interest, irs ecc...

probably with the next halving(but before the exact date)

sure, 1k is even a low value imho, it should hit a higher value if it go crazy again

a reset

Price was going down due to very little trading for about 2 weeks followed by a run of sellers compared to buyers.

Most sellers didnt leave they just bought back in at a lower price.
Some sellers had no choice as they were caught up in options and would lose their shirt and
some sellers just lost the faith and panic sold ( I doubt they will come back in for a long while and miss the boat)


Price will go back up when more buyers than sellers AND the volume increases. It will rise sharply once most of the traders feel that market is rising however it is also down to new money appearing and that is down to the BTC sermon being spread around verses all the bitcoin horror scam stories associated with money and any new technology.

Yes it can easily exceed 1000 in 2015, all down to market sentiment and some good news which offsets the critics especially the ones who dont take time to understand it properly and misinform.

Whats really going on is simple.. its in its infancy, attracting risk investors and they will drive it up and down like a prostitutes knickers, over time adoption occurs and it will increase in price and reduce in volatility but thats a long way off.

Hope this helps.

If people could answer such questions, they would be rich. Very rich.

If you want something that goes up don't buy into inflationary currency of any kind.

Just a friendly reminder.

Bitcoin is really inflationary btw...

yup. Supporters get nothing, shorters/traders get it all (makes success of the bigger project almost impossible) - all year last year and this year started out real good. But the slaves are going to continue to support this shit before looking for a good alternative. Not my problem. It's programmable money after all and if they think it is programmed correctly with these charts and volatility so let them think so...