Bitcoin price

[gabmen]

Well as far bitcoin is concern, I do not agree that it is only demand and supply that affects the price. If we saybis only demand and supply , how come we experienced a crash in early last year after we had the ATH. I think fud and the bubble story are also part of what affects price.

You also need to understand that the market works in cycles, last 2017 was the last great bullish cycles and eventually everyone was caught in the hysteria and thinking it won't go down, unfortunately a new cycle risen that up to this point, we are still experiencing it and no one knows for sure when it's going to end.

that is a very good point and people don't seem to take lessons from the history and the mistakes they have made. now they are repeating the same mistake again but in the opposite direction! now that price has dropped for so long, they are caught in a different type of hysteria and are starting to think that the drop has to continue forever!

Well hype dies down eventually and i think the hysteria that adds to this bear market is starting to wane away now. That's why i'm quite positive with the current status of bitcoin becoming a little lazy at a certain point. It's a time of accumulation if you're the type who sees things from a long term perspective.

[shesheboy]

Do you think the price of bitcoin will be higher?

It is very obvious! Bitcoin price changes everyday increasing or decreasing but it doesn't mean that bitcoin won't get high.

No meyt the price is not changing every single day because most of the times bitcoin is stable and rarely shows a sign of life .  but your right, this does not mean that bitcoin wont increase anymore .   at some point , bitcoin can sometimes increase and pump .  it can occur in an unexpected manner  .

Bitcoin has no support,

Thats not true  . bitcoin do have alot of support  . the support came from investor or the people that buys bitcoin  . the support also comes from banks , governments , countries , etc . .  .