Bitcoin Forum
November 20, 2017, 10:14:55 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: why is the price dropping? where is the logic please read!  (Read 517 times)
tulpe123
Jr. Member
*
Offline Offline

Activity: 32


View Profile
September 15, 2017, 07:32:40 AM
 #1

hello


can someone tell me why is the price dropping, to make a easier explanation for example


worldwide bitcoin supply is 10000 BTC


traders are selling coins due to panic. but the bitcoins are still in the chain and still 10000 just the owner changed.  its not like the coins are cashed irrevesible to fiat and its -500 ( rest 9500 btc remaining ).

sorry my english isnt that well i hope you can undertand me. if not just reply i try to explain it more better
1511172895
Hero Member
*
Offline Offline

Posts: 1511172895

View Profile Personal Message (Offline)

Ignore
1511172895
Reply with quote  #2

1511172895
Report to moderator
1511172895
Hero Member
*
Offline Offline

Posts: 1511172895

View Profile Personal Message (Offline)

Ignore
1511172895
Reply with quote  #2

1511172895
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511172895
Hero Member
*
Offline Offline

Posts: 1511172895

View Profile Personal Message (Offline)

Ignore
1511172895
Reply with quote  #2

1511172895
Report to moderator
1511172895
Hero Member
*
Offline Offline

Posts: 1511172895

View Profile Personal Message (Offline)

Ignore
1511172895
Reply with quote  #2

1511172895
Report to moderator
1511172895
Hero Member
*
Offline Offline

Posts: 1511172895

View Profile Personal Message (Offline)

Ignore
1511172895
Reply with quote  #2

1511172895
Report to moderator
Argon2
Full Member
***
Offline Offline

Activity: 140


View Profile
September 15, 2017, 07:43:39 AM
 #2

hello


can someone tell me why is the price dropping, to make a easier explanation for example


worldwide bitcoin supply is 10000 BTC


traders are selling coins due to panic. but the bitcoins are still in the chain and still 10000 just the owner changed.  its not like the coins are cashed irrevesible to fiat and its -500 ( rest 9500 btc remaining ).

sorry my english isnt that well i hope you can undertand me. if not just reply i try to explain it more better
Relax, it's normal.
iram1011
Hero Member
*****
Online Online

Activity: 574



View Profile
September 15, 2017, 07:54:27 AM
 #3

The price is decreasing because people are selling Bitcoin at lower price and there are buyers for the same. People sell at low price when they are concerned about their investment and want to withdraw their money and convert it to fiat.

Recently many negative news are spreading that have created a panic in Bitcoin community. People are now more skeptical about Bitcoin's future. However, this drop is for short term. Bitcoin has always dropped after touching some fixed ATH. First happened at $3000 and now at $5000. Relax and keep on holding. Price will recover soon. Wait for sep end atleast.

||▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
[]|
R
stompix
Hero Member
*****
Offline Offline

Activity: 518



View Profile
September 15, 2017, 08:02:16 AM
 #4

It's pretty simple.

In your scenario 500 have cashed out but 500 have been bought for less than the last coin traded at 5000$.
Basically the new owners have bought them cheaper and cheaper.

Of course the ones that sold higher can buy back at any time but, as the market suggest at this point not so many are interested in doing so.
More people are willing to sell than buying.

100 coins for sale,  90 offers for 3100, somebody will sell for 3090 cause they believe it will go even lower.

talkbitcoin
Hero Member
*****
Offline Offline

Activity: 798


View Profile
September 15, 2017, 08:16:30 AM
 #5

it is partly because price has been rising too fast in a short time and partly because people don't understand that rising fast like bitcoin did was completely normal.

and then it is the sell pressure caused by the panic that is being spread all over the social media. it is propaganda against bitcoin price. and a well planned strategy of making a lot of money from the drop while others are panic selling at a loss.














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
PX-Z
Full Member
***
Offline Offline

Activity: 182


https://gexcrypto.io


View Profile
September 15, 2017, 10:04:27 AM
 #6

It's because of China, it's china's fault after all. Kidding aside, Bitcoin price is always the same when more people panicking selling, the more price decrease. And china's decision related to cryptocurrency always have a huge impact with the while community.
That's why if bitcoin is banned from china  then we will expect more dump.

SamboNZ
Sr. Member
****
Offline Offline

Activity: 294



View Profile
September 15, 2017, 10:18:06 AM
 #7

You dont need logic too many noobs had joined recently thus its more of a emotional trading the best is to make money from the current situation.

           ▄▄▄▄▄▄▄▄▄▄▄▄
       ▄▄█▀▀ ▄▄▄▄▄▄▄▄▄ ▀▀█▄▄
     ▄█▀ ▄▄█████████████▄▄ ▀█▄

    █▀ ▄███████▀   ▀███████▄ ▀█
   █ ▄████████▀     ▀████████▄ █
  █ ▄████████▀       ▀████████▄ █

 █ ▄████████▀    █    ▀████████▄ █
▄▀▄█████        ▄█▄        █████▄▀▄
█ ██████▀▀▀     ███     ▀▀▀██████ █

█ ██████▄▄     ▄███▄     ▄▄██████ █
█ ███████▀     ▀▀▀▀▀     ▀███████ █
▀▄▀█████▀                 ▀█████▀▄▀

 █ ▀███▀      ▄▄▄▄▄▄▄      ▀███▀ █
  █ ▀██      █████████      ██▀ █
   █ ▀██▄  ▄███████████▄  ▄██▀ █

    █▄ ▀███████████████████▀ ▄█
     ▀█▄ ▀▀█████████████▀▀ ▄█▀

       ▀▀█▄▄ ▀▀▀▀▀▀▀▀▀ ▄▄█▀▀
           ▀▀▀▀▀▀▀▀▀▀▀▀▀
AppCoins










[.
WHITEPAPER
][.
CROWDSALE
]
ktabb
Full Member
***
Offline Offline

Activity: 154


View Profile WWW
September 15, 2017, 10:35:23 AM
 #8

Bitcoin is crashing because it was irrational for it to be anywhere remotely close to as high as it was in the first place. Bitcoin is really just a speculative commodity, and not a currency at all. It can't be used as a currency because of its volatility, yet people try to value it as if it were a currency.

This crash is 100% normal, it should not surprise anyone, and it is only beginning, with plenty more room to fall. Bitcoin does this over and over again. It will crash down and stabilize for a while (maybe a couple years) and then have another bubble where it crushes previous all time highs.

Basically you only want to buy bitcoin when it is boring to buy bitcoin... and even then, it's still an extremely risky investment.

bryant.coleman
Legendary
*
Offline Offline

Activity: 1610



View Profile
September 15, 2017, 10:58:00 AM
 #9

Bitcoin is crashing because it was irrational for it to be anywhere remotely close to as high as it was in the first place. Bitcoin is really just a speculative commodity, and not a currency at all. It can't be used as a currency because of its volatility, yet people try to value it as if it were a currency.

This crash is 100% normal, it should not surprise anyone, and it is only beginning, with plenty more room to fall. Bitcoin does this over and over again. It will crash down and stabilize for a while (maybe a couple years) and then have another bubble where it crushes previous all time highs.

Basically you only want to buy bitcoin when it is boring to buy bitcoin... and even then, it's still an extremely risky investment.

I would disagree with you. I think that Bitcoin is heavily under-priced right now. Bitcoin is being used as a currency by around 10 million people, and still its market cap is below $50 billion. On the other hand, the market cap of the Swiss Franc, which is being used by less than 8 million people is many times that amount (including bank deposits as well). So in my opinion, the current dip may be a temporary one, and new heights may be reached in a short time from now. Sell your coins now, and regret later.

         ▄███████████████▄
       ▄██▀             ▀██▄
    ▄▄██▀                 ▀██▄▄
█████▀▀       ▄▀▀▀▀▀▀▀▄▄    ▀▀█████
██          ▄▀ ▄▄▄▀▀▀▀▄▀█▄▄      ██
▐█▌       ▄▀ ▄▀ ▄▄▄▀▀▀▄▀▀▀███   ▐█▌
 ██      ▄▀▄▀▄▀▀▄▄▄▀▀▀▀▀█ ▄█▀   ██
 ▐█▌    █▄▀▄▀▄█▀▀▀ ▀█▀ ▄▀▄▀█   ▐█▌
  ██    █▄▀▄▀▄▄█▀ ▄▀ ▄▀▄▀▄▀█   ██
  ▐█▌ ▀▄█████▀▄▄▀▀▄▄▀▄▀▄▀▄▀█  ▐█▌
   ██▌▀████▀██▄▄▀▀▄▄▀▄▀▄▀▄█▀ ▐██
    ██▌▀█▀▀█▄▀▀▄▀▀▄▄▀▄█▄▄█▀ ▐██
     ██▌ ▀  ▀███▄▄▄█████▀  ▐██
      ██▄      ▀▀▀▀▀      ▄██
       ▀██▄             ▄██▀
         ▀██▄         ▄██▀
           ▀██▄     ▄██▀
             ▀███▄███▀
               ▀███▀
.DeepOnion.
★ ★ ★ ★ ★  .❱❱❱ JOIN AIRDROP NOW!.
TOR INTEGRATED & SECURED
★  Your Anonymity Guaranteed
★  Your Assets Secured by TOR
★  Guard Your Privacy!
|Bitcointalk
Reddit
Telegram
|                        ▄▄▀▄▄▀▄▄▀▄▀▀
                    ▄▄██▀█▀▄▀▀▀
                  ▄██▄█▄██▀
                ▄██████▀
              ▄██████▀
  ▄█▄▄▄▄▄▄▄▄▄██████▀
██████▀▀▀▀▀██████▀
 ▀█████  ▄███████
  ████████████▀██
  ██▀███████▀  ██
  ██ ▀████▀    ██
  ██   ▀▀      ██
  ▀█████████████▀
alyssa85
Legendary
*
Offline Offline

Activity: 1008


View Profile
September 15, 2017, 10:59:55 AM
 #10

It's because the Chinese exchanges are shutting. The market makers on there have already exited to the western exchanges, which means that those selling on the Chinese exchanges are selling into an abyss.

This leads to a drop on the western exchanges, because the automated bots have been programmed to take account of prices on all the exchanges, including the Chinese exchanges.

Once we are past September 30th and the Chinese exchanges are closed, the selling pressure will abate and we return to normal.

mltbg
Newbie
*
Offline Offline

Activity: 13


View Profile
September 15, 2017, 11:29:52 AM
 #11



I would disagree with you. I think that Bitcoin is heavily under-priced right now. Bitcoin is being used as a currency by around 10 million people, and still its market cap is below $50 billion. On the other hand, the market cap of the Swiss Franc, which is being used by less than 8 million people is many times that amount (including bank deposits as well). So in my opinion, the current dip may be a temporary one, and new heights may be reached in a short time from now. Sell your coins now, and regret later.

10 million users?  Are you sure?  Last I've heard is that only 300.000 wallets have more than $5000 worth of bitcoins.


Also it is absolutely dysfunctional as currency - high fees, slow processing and no incentive to spend when price is going up.

ParabellumLite
Sr. Member
****
Offline Offline

Activity: 280


View Profile
September 15, 2017, 11:33:35 AM
 #12

To OP: sorry to say so, but I hope you learned your lesson now.
You have no idea what you bought and how markets work. Unfortunately, people like you always form the last wave of new investors and therefore suffer most of the damage.

To not fall for it again next time, unless you understand the risks of what you are doing. I feel sorry for you though.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!