What will become of Bitcoin if the price keeps falling?

[Christopher_Hayes]

I don't think bitcoin price keeps falling. If any, the price remains stable. It's in the same price range for the last couple of weeks/months. Besides, even if the price falls people will still continue to use bitcoins, so don't worry.

[okala]

What will become of Bitcoin if the price keeps falling?
Prices went down from the start of this year: https://www.coinranker.net/cryptocurrency/bitcoin

The price cannot keep falling because this market was not built to behave that ways.  The will be time for collection and distribution.  The time we are now is collection and very soon we would see bitcoin recovering and start redistribution again.  I believe that we just need to keep faith with the market in other to be able to benefit from the market.

[Bonsaiav]

In the past two months, the price of bitcoin too long is stagnant below $ 7.000/btc. If bitcoin prices continue to fall, I think this can make some investors leave bitcoin. Usually this kind of movement pattern is considered as a sign that there will be prolonged bearishness in the next movement. But even so, we do not break up hoping to foster a spirit in us, that the price of bitcoin at any time can slide to a better position.

[Cocesstraable]

Nothing will happen to bitcoin, because Bitcoin has very strong  support at 6000$ and it's very unlikely that the price could go beyond that limit. By the way even if price went a little bit lower than we expect, it will only attract more investors, what would be good.

It seems people have the wrong notion that the price can keep decreasing and could reach zero but we know that is not going to happen, as soon as the price goes lower than 6000 people see this as an opportunity to get bitcoin, that is why the price does not last long at those levels because people take those low prices as buy signals and the price recovers because of it.

Bitcoin has a very strong position in the market, in fact the bitcoin users are increasing from time to time, people interest in bitcoin is continuously increasing and therefore we can hope that bitcoin value will also continue increasing from time to time, I hope very soon we will see bitcoin price crossing 100k.

[Silberman]

Nothing will happen to bitcoin, because Bitcoin has very strong  support at 6000$ and it's very unlikely that the price could go beyond that limit. By the way even if price went a little bit lower than we expect, it will only attract more investors, what would be good.

It seems people have the wrong notion that the price can keep decreasing and could reach zero but we know that is not going to happen, as soon as the price goes lower than 6000 people see this as an opportunity to get bitcoin, that is why the price does not last long at those levels because people take those low prices as buy signals and the price recovers because of it.

To give a visionary here, bitcoin's drastic fall can be an opportunity for everyone who wanted to purchase at smaller value for bitcoin. If this continues to fall from every moment of time I guess there's a huge problem, then possibly it will cause panic to some of the new traders. I don't know with old traders, but what I am concerned with no is for those newbies.

If the price kept falling then we will have many people getting panicked because of it, but those that are smart and see the long term potential of bitcoin will see nothing but an opportunity to make so much money that it is likely they will invest all their money in the market knowing full well that the price will likely recover in the next years and they only need to do one thing and that is to hold their coins.

[btc_angela]

Nothing will happen to bitcoin, because Bitcoin has very strong  support at 6000$ and it's very unlikely that the price could go beyond that limit. By the way even if price went a little bit lower than we expect, it will only attract more investors, what would be good.

It seems people have the wrong notion that the price can keep decreasing and could reach zero but we know that is not going to happen, as soon as the price goes lower than 6000 people see this as an opportunity to get bitcoin, that is why the price does not last long at those levels because people take those low prices as buy signals and the price recovers because of it.

Bitcoin has a very strong position in the market, in fact the bitcoin users are increasing from time to time, people interest in bitcoin is continuously increasing and therefore we can hope that bitcoin value will also continue increasing from time to time, I hope very soon we will see bitcoin price crossing 100k.

Well the keyword here is "hope". For me its going to be based on the simply law of supply and demand. If people see's bitcoin as no longer profitable then the price goes go South. But if majority thinks that it is a viable investments or store of value then expect bitcoin to grow more in the future.

[Boybugwal760820]

Well in my very own opinion if bitcoins price will keep falling then I'm really sure that all the other crypto currencies market value will also follow to fall down the drain since all this crypto currencies market values really depends on the bitcoins market value and if this continues for so long I am afraid that bitcoin will lose many investors. 

[myohmy81]

What will become of Bitcoin if the price keeps falling?
Prices went down from the start of this year:

We are still doing good and the price has been stable at $6k to $6.5 range. I don't think that those whales will allow the price of bitcoin to keep falling. We need mass adoption of bitcoin to increase the demand and the trust level to the people around the world to invest in this technology.