In my opinion, the price is going down because of 2 main reasons. The first one is that there's the whales who pump and dump every now and then manipulating the price. The second one is that there's the FUD, which has been spread day after day. Everyday you can read about governments banning cryptocurrencies and shutting down exchanges. Now it's the Reserve Bank of India who wants to stop cryptocurrencies in India. All this FUD creates panic sell off, which leads the price to decline.
I agree for your second reason, not just India, china also closed the bitcoin market. but when you say there's a whale who pump and dump, and manipulate the price, I think it's hard to happen. the price of bitcoin in outline is due to supply and demands.
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in fact bitcoin still remains popular even though the price continues to fall. and the average of them are people who have already gained profit from bitcoin investments. they already know very well the bitcoin fluctuations, and are sure the bitcoin will rise again.
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yesterday actually there are signs of rising, but now down again. and even worse, etherum also come down. it seems like this will be a holding for a long time.
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Hi dev, when is this bounty over?
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What will happen? yesterday rose drastically, and now dropped dramatically. this cycle will continue to happen because the bitcoin is fluctuating, there will never be a stable price for a long time. if you are not ready for it, please go. many people think bitcoin is a scam just because of the drastic fall in prices, but did they see price spikes in the past year? no, they only see one side only.
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yes, the proof is now bitcoin has started up again right? although the etherum has not followed it yet. will definitely rise again in the near future, and our holding will never be in vain.
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bitcoin can benefit greatly if it is held for a long time. because the bitcoin price spike is very high, although the fall can also reach 50% more. but the bitcoin price increase is much better than latcoin.
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this blockchain technology is very effective for money storage methods and also transactions. do not be surprised if some banks plan to implement blockchain technology, because it can be safer.
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now we see market cap, supply and demands on bitcoin. High right? it means people's interest in bitcoin continues to increase. then take a look at some of the ICO projects that come up with the promotion of new, advanced technologies. many are participating as well as the investors who support the project. if the project is successful, it is not impossible that some large companies around the world will use ICO as a new step to introduce new technology to society in new ways as well. of course easier to understand. besides that the participants who participated in the success of ICO also got a good reward. meaning that all together and mutually beneficial. this is a new step that certainly makes Crypto more popular and in the future, Crypto will definitely do great things again.
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which obviously the main factor of price in the market is supply and demands. as well as token, when demand in the market is low, then the price is also difficult to rise.
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those who are only looking for big profits when bitcoin prices rise, will come out when bitcoin prices fall. they will never think to hold long term and they only think of the profits in a quick way. that's why they are called "greedy".
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this is very good, when some social media banned crypto ads, tv could be an alternative to advertise crypto. because tv consumers today are very much, and it is not impossible if the tv that became the main spectacle of people around the world to allow crypto ads, then some social media that had blocked ico ads, will change their mind.
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the bitcoin ride in 2018 I think will be the same as in previous years, in color with the rise and fall of prices and bad news about bitcoin. but there will be something surprising to happen to bitcoin. if last year bitcoin rose to the moon and suddenly plummeted in early 2018, then the next surprise is to rise even higher than the previous year.
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I just checked the price of etherum, and it's all true. etherum has not risen higher. but the name fluctuates, sometimes up and down sometimes, it means that etherum and bitcoin still have a great chance to increase even higher.
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we take the positive side of the current market down. we can increase our investment assets, and hold to wait for the price to go up and get a lot of profit.
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unlikely to be stable. from the start, bitcoin is fluctuating and supply and demands are the main factors affecting bitcoin prices. only, bitcoin prices can last for some time and then change again. that's what I feel.
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very attractive, but to achieve a stable price, it will be difficult. bitcoins and other cryptoes will continue to fluctuate.
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I really like if bitcoin is used as a means of payment. instead of using paypal, it would be easier if using bitcoin. I once use paypal, must have a credit card and if want to withdraw, takes 3 days even more. easier to use bitcoin, the transaction is fast, safe, and the fee is small.
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do you mean is it too old to hold? I don't think so. if indeed someone who is old, holding btc in the long run, they can pass it all on to the child or grandchild. nothing is meaningless in bitcoin, its all very valuable in bitcoin.
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there is no harm in selling now, sometimes some people are afraid of losing more. but holds better, because there is still a chance to rise higher again.
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