Because it fluctuates every year. It is normal that people are buying btc to increase the value and sell their bitcoin also when the value increase. The supply and demand applied in bitcoin that's why it is increasing and decreasing at the same time. People who are not good at trading makes bitcoin comes down also.
Yeah falling prices are a natural thing of bitcoin price changes in the market, and we don't need to panic because of this, but the question is what makes the bitcoin price steadily declining in recent weeks? because there is nothing surprising about bitcoin price changes this month It is good to hold your bitcoin at the time of falling price, as you said it is very natural for bitcoin that it often decreases the price but the suddenly it rise very high, so if some people have sold their bitcoin which made the price down it does not mean you also become worry, sell panic and contribute to the price to become more than this, don’t panic as it will be your contribution in dumping, so hold and let it be high. yeah I think the declining price and havent recover yet happens because many impatient users and sell their huge amount of bitcoin en masse, thus contributing to the dump, the declining price is reasonable because of demand and supply cause, if you want prices go up, be patient and do not sell your bitcoin, hold it, I'm sure the demand will continue to rise and make the price go up |
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BTC price is always pumping and dumping although this is the main magic of crypto market I like this fluctuations. But in this current market BTC is starting to dump again. So I have a question Is this time BTC will fall down again 7k?!
I think so because many people I see in the social media are keep asking when will the bitcoin's price will increase again and the meaning of that is they are panicking to sell their bitcoins because of the fear of losing money. But, for me I guess it will increase back up again immediately. It may be, but I don't think that the price will drop below $7k because I think that bottom line price of bitcoin is currently $7k, currently bitcoin price back strengthened to $7.5k, I hope the price can continue to strengthen, it will be very meaningful for bitcoin market, because many users have lost confidence so make bitcoin market becomes quiet, I hope the price back up and the market back to crowded |
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Big gains come with big loss and this is not common Everytime. At times some assets used to fall steep and in a short used to show signs of growth higher than that if the price from which it started to fall low. Most of the case, gradual growth is the one that makes the assets more potential than the big losses and sudden pumping.
Yeah that's not always the case, that's the fluctuation can make anything possible, although the price is slightly decreased but it is very possible the price occurs sudden pump because I've experienced it, the price only down a few percent but then the pump price up more than 50%, but the current situation, bitcoin price down very deep, and many people are get big lose, maybe the title of this thread will happen |
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Cashless society isn't better i think. I can't see anything good in digital money to change everything. Cryptocurrencies are good but not when government have control under it.
Maybe not just digital currency that will be a populer, virtual currency like bitcoin too that I'm sure will have many users and popular in the future, because they also have the same flexibility and usage that is in use online, so I think when the era of technology starts, digital currency will dominate as well as for cryptocurrency |
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Goldman Sachs: Bitcoin can be useful for a troubled economyAccording to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy. Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided. Goldman Sachs experts: crypto-currencies can help the troubled economy
Yes bitcoin is very useful for those countries who have small economy and they can use bitcoins like mining cryptocurrency in order to earn more funds for their own needs and that is the reason why japan today really likes to be the capital of cryptocurrency in their ow country. I think bitcoin will not help the country's economy in a massive way, but it can help the economies of individuals who use it, people can help their economies because bitcoin investments are profitable, or there are many ways to get bitcon, and they can use it to make a profit, and improve their economy |
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Well, bank investment for me is better since it's secured and experienced the way toward being sanctioned by the administration to work however the loan fee is low similar to it's nothing. Bitcoin venture is extremely hazardous in spite of being productive and you can't tell in the event that you will really gain from it since its instability.
iInvestment in the bank there are 2 kinds, the first long-term investment with considerable interest per year but you can not take your money during that period, the second investment by saving money, you can withdraw money at any time, but the interest will be very small per year, different with bitcoin, may fluctuateand risky but short-term or long-term gains will be greater than bank investment #imo |
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The panic sell is one major thing that affects the market more. Only wished investors can really understand the market itself and not be easily swayed by negative folks out there. Look forward to the market recovery soon enough.
The market is often in a situation where it is either inexorable and suddenly declining and therefore we have to panic and these panic attacks cause money loss and we think that we have to observe and act accordingly for the emotional approach to the market. Very big losses in this market are huge gains It can receive.
Yeah that's one reason why prices still have not recovered, as many users still continue to experience panic and sell all their assets for fear of losing, and that keeps prices steadily declining as more people are selling rather than buying, if you want this drop stop then you have to stop panicking and stop sell your assets, and when that happens mass, then the price will probably stop going down |
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Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20. How many years Bitcoin will need to become No.1 ? later if bitcoin used by everyone and every companies in the world, bitcoin will be the world's 1st largest currency. 10 years ago, everyone not knowing about bitcoin. but now, it is already popular. it is just a matter of time i guess. Bitcoin has a limited amount of supply while users continue to grow that makes the price of bitcoin more expensive, I'm really excited to see that the circulation of money in bitcoin is huge, it proves that bitcoin users are big and will continue to grow as bitcoin continues to developed, so I think bitcoin will probably be the most expensive currency in the world someday |
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It's a currency but just digital and no person in this world who does not use any kind of currency so it's clearly that the target is all of us either it's rich or poor is included in that market.
But mostly though, people with capital and willing to take the risk with this kind of volatile market. And I don't think that poor people are going to invest as well. Maybe they will try to learn how to earn because we have heard success stories here that crypto really save their lives and now they are enjoying financial stability. But right now bitcoin is a SoV (store of value), so who would store their money? I mean lots of money in crypto? Yes, its the rich people. Yeah maybe only some groups on society, although bitcoin market target is everyone but not everyone may be able to accept investments in bitcoin because the risk is too big? yeah you're right maybe the poor will not use this investment because in addition to expensive bitcoin is also risky, like fluctuation which is threatens |
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Digital money is fiat money in digital form and whereas virtual money is decentralised money in digital format the major difference for virtual currencies is there aren't controlled by central govt agencies
Yeah that's the difference between virtual currency and digital currency, although both are online-based currency, and is an advanced technology but maybepeople prefer virtual currency because of its decentralization nature, people want free transactions without control and monitors from anyone, whereas digital currency has central server, may be have an error or trouble sometimes |
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You should have a portfolio, with the weight of Bitcoin amongst your crypto assets high, if you have a low risk tolerance. Altcoins may have higher potential gains, but they can drop quickly too. In the equity world, it is only the highly adventurous who look at penny stocks. The same goes for crypto investors who venture outside the top 100. Saving altcoin provides a variation of investment for you and may give you a big advantage, yeah you're right but the risk will certainly be much bigger, seeing the price of altcoin can go down very deep, so I think if you are able to accept that risk you can invest in other than bitcoi, if you can not accept a big risk better invest in bitcoin alone |
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I know some of you would wonder what this topic is doing here, in the Economics section, but since it is in fact an economic question with purely utilitarian goals in mind, I think it is where it should be. This is a serious question and I'm not kidding. I'm not very interested in European languages like German or French, or whatever, as I think languages like Chinese and Japanese are more promising and rewarding in terms of both usage and money in the nearest future. Personally, I'm more inclined toward Japanese (that's why I'm not decided yet), though I understand that Chinese may be a better choice for the time being and years to come
So what is your opinion on this matter from an economic point of view, with crypto in mind?
according to me if you are able to learn china, japanese, and european. it's better to do it as best you can, because science is indispensable in future life later We know that china has the potential to become a superpower country with a very fast growing economy, I think from that point, we should start to learn Mandarin/china language, maybe it will be helpful in the future to see China start doing their business expansion to many countries in the world |
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As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...
Actually digital currency already exist in some field of investment in different countries and may be they can be part of countries economy but not for a total take over because traditiona money is still very important in paying local trading. Agree digital currency is very important to many people today because of its legitimate way of earning big profit but still i dont believe it can replace our traditional money. It will not replace the traditional money, but digital currency will be used more for payment options only, we know on the internet paypal become the most widely used payment option, whereas digital currency gives better offer, in terms of cheap fee, speed transaction, freedom and so on |
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Well, number one means it is the first and on top of all like in crypto, the number one coin is bitcoin it means that btc is the first and leading coin among the other coin. In value, in demand, in usage.
You right, bitcoin is cryptocurrency number 1, many things that make bitcoin superior to other coins, such as bitcoin first known and first in trust, first made, has a very large user, and so forth. bitcoin will continue to be the mother of all coins, we know how the effect of bitcoin on the whole cypto market |
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The prosperity in China today is nothing but the effort achieved in the planned twenty years ago, the advantages of having a population can be a lot of manpower, and the openness of society to the latest technological sciences so that the more make the country a super country
They have a good long-term plan that's why the once-poor country like China is becoming a strong candidate as a superpower country now, more business is mushrooming in china right now, doing massive exportation of products from china, etc. yeah it can not be separated from the magnitude of the impact of business in china |
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Compared with the proceeds, it is worth investing in bitcoin. In my country, when you deposit more money, the bank will call you to let you invest. Some of these investments are highly risky. At any time, we should not think that banks are a service organization. We should know that banks are the biggest profit making institutions.
Yes you right, if you have big funds in the bank, usually the bank will call you and offer for long-term investment with certain interest, but during that period you can not take your money, for safely I think investment in bank is safer than bitcoin, but for the flexibility and the possibility of big profits in investing I prefer bitcoin |
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How much, in your opinion, has international relations influenced the world economy and what do you think about it?
Cryptocurrency will play a great role in the economy, the change is definitely gonna be big, lots of new businesses are gonna take this new system that the cryptoworld is bringing the next generations, not only the money or payment transaction is gonna change but the whole trading system. we see a lot of changes in the world of business world, now we know ICO as the beginning to start a business and project for someone who has a good idea and innovative, but do not have enough capital, they can create a crowdfunding for the project so that the bussiness they build have the funds enough to run, from it actually the economy is moving forward, because of the help of cryptocurrency |
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If you know the market is having a problem the best thing to do is to focus on the things you really want to happen. People need to be a goal oriented in order for them to be successful in life. Having a bad day does not mean you could have a bad life and in terms of trading and investment having a crisis in the market does not mean the end of our investment or trading for me it could be either an opportunity for us or even a starting point on dealing with new investment or for us to keep on holding.
First of all, you have to take it as a norm: sometimes the market can fall really very critically. You must not panic at this time and rush to sell all of your cryptocurrencies. Simply take a very small break. I think crisis like the current market situation? where prices are very stable but tend to decrease and there is no significant positive price change, you're right you should see this as a normal thing, because previously bitcoin market is also often happen like situation as it is today, maybe you need a short break dude, to avoid high risk of trading |
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I'm leaving adivces from other experts about a year ago, that was bad experience for me and my money. My skill don't increased by that, and sometimes I've got loss on that
A blind follow will always embrace you with a lose. Do not follow any advice blindly as you maybe caught in a scam advice. I am also investing after getting any signal but I am not a blind follower as whenever I get any signal I start to search about the coin and project for which I get the signal and I spend time to see that why the adviser gave me the signal and what a good point is going to happen in the market with which I will have to invest. That is a point which you have to do for investing in any coin/asset. the key is do not use their suggestions outright or do not be blind to their advice, I myself don't really follow the advice from other traders, because maybe they give a scam advice or advice that benefits for them alone, I'm more confident in my ability/skills than follow suggestions that are unclear |
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For me bitcoin price is very hard to predict because it depends of supply and demand of bitcoin but theres a big chance the price will goes up in the end of this year because that is the prediction of investors so if you have plan to invest now this is the right time and hold it because theres a big chance of this year because every year bitcoin price will goes up.
Many people think that prices will rise high at the end of the year because they see last year's price changes, last year's changes are fantastic because the price change is really surprising because marketcap and demand are really different from the price that should be, that's the thing the unpredictability of the bitcoin market |
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