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Author Topic: IS THERE ANY POSSIBILITY OF A PRICE REDUCTION FOR FUTURE BITCOIN  (Read 2608 times)
qwertyup23
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September 23, 2017, 08:15:14 PM
 #21

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0  Huh
2010 - 1btc = $0.1 - $0.08  Cry
2011 - 1btc = $0.75  Angry
2012 - 1btc = $9.04  Angry
2013 - 1btc = $301.20  Angry
2014 - 1btc = $753.01  Sad
2015 - 1btc = $451.81  Angry
2016 - 1btc = $828.31  Roll Eyes
2017 - 1btc = $3664.25  Shocked
 
From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ?  Shocked

In fact there is! On July 2017, you did not include the fork that just happened which significantly reduced the rice of bitcoins down to $1950. Also, the price of bitcoins also decreased recently like 2-3 weeks ago due to China's banning of ICOs in their country. There are many factors that affect the price of bitcoins and due to its volatility, it is also very hard to predict whether there may be an increase or decrease on the short-term perspective. But the chart you provided is very accurate towards the increasing part of its price. Even though there are factors that decrease its price, it still remains that in the long-run perspective, the price of bitcoins still increase.

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September 23, 2017, 08:35:55 PM
 #22

I wouldn't count on it. If you want to enter the game and own some coins it's best to do it now. If you have some and want to buy more then it would be wise to wait and watch the market before you find yourself heavily invested. That said BTC has been in a bullish trend for over a year and it will most likely remain in it due to upcoming fork and amazon preparing to accept it (it that's true).

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September 23, 2017, 11:06:11 PM
 #23

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0  Huh
2010 - 1btc = $0.1 - $0.08  Cry
2011 - 1btc = $0.75  Angry
2012 - 1btc = $9.04  Angry
2013 - 1btc = $301.20  Angry
2014 - 1btc = $753.01  Sad
2015 - 1btc = $451.81  Angry
2016 - 1btc = $828.31  Roll Eyes
2017 - 1btc = $3664.25  Shocked
 
From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ?  Shocked
I think the price of the bitcoin in the future will continue to increase. Since bitcoin has only limited resources, the lesser the bitcoin left to mine, the higher the value or price it will gain. So thats why bitcoin price will continue to increase as time pass by but we should be open for any possibilities. It may go down as you have said, and also may continue to rise up.

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September 23, 2017, 11:08:10 PM
 #24

Not only is the price of Bitcoin set to drop, but very soon in fact. No market is capable of sustaining exponential growth. That is not how they work. Eventually a crash is inevitable. We have seen this happen 6+ times already since 2009. It is nothing new. The real question is when will we peak? Was $5,000 the peak? Or will it go up to 10k first? My money is it goes back up over $5,000 and crashes at some point before reaching 10k. Probably $7,000-8,000. Then it will crash for a few years.

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September 23, 2017, 11:22:54 PM
 #25

I think yes, there is a possibility for the price of bitcoin to reduce its current amount in the future because there is a lot of things to consider like the bad news about bitcoin and also the banning of the other countries and because bitcoin is so vulnerable to that then it is very possible for the price to get a huge dump.
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September 23, 2017, 11:23:08 PM
 #26

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0  Huh
2010 - 1btc = $0.1 - $0.08  Cry
2011 - 1btc = $0.75  Angry
2012 - 1btc = $9.04  Angry
2013 - 1btc = $301.20  Angry
2014 - 1btc = $753.01  Sad
2015 - 1btc = $451.81  Angry
2016 - 1btc = $828.31  Roll Eyes
2017 - 1btc = $3664.25  Shocked
 
From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ?  Shocked

In fact there is! On July 2017, you did not include the fork that just happened which significantly reduced the rice of bitcoins down to $1950. Also, the price of bitcoins also decreased recently like 2-3 weeks ago due to China's banning of ICOs in their country. There are many factors that affect the price of bitcoins and due to its volatility, it is also very hard to predict whether there may be an increase or decrease on the short-term perspective. But the chart you provided is very accurate towards the increasing part of its price. Even though there are factors that decrease its price, it still remains that in the long-run perspective, the price of bitcoins still increase.
You might want to take cognizance of the fact that the leap from $9.04 in 2012 to well over $1000 and then down to $301.20 in 2013 was orchestrated by China's massive adoption  of Bitcoin and then PBoC first attempt to keep Chinese people away from it. Price eventually soared afterwards. Now it's the globe that is fast embracing and driving the price of Bitcoin up and China again have stepped in to burst the bubble. I hope there're people who can figure out that history is about to repeat itself?
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September 23, 2017, 11:51:07 PM
 #27

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0  Huh
2010 - 1btc = $0.1 - $0.08  Cry
2011 - 1btc = $0.75  Angry
2012 - 1btc = $9.04  Angry
2013 - 1btc = $301.20  Angry
2014 - 1btc = $753.01  Sad
2015 - 1btc = $451.81  Angry
2016 - 1btc = $828.31  Roll Eyes
2017 - 1btc = $3664.25  Shocked
 
From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ?  Shocked

In fact there is! On July 2017, you did not include the fork that just happened which significantly reduced the rice of bitcoins down to $1950. Also, the price of bitcoins also decreased recently like 2-3 weeks ago due to China's banning of ICOs in their country. There are many factors that affect the price of bitcoins and due to its volatility, it is also very hard to predict whether there may be an increase or decrease on the short-term perspective. But the chart you provided is very accurate towards the increasing part of its price. Even though there are factors that decrease its price, it still remains that in the long-run perspective, the price of bitcoins still increase.
You might want to take cognizance of the fact that the leap from $9.04 in 2012 to well over $1000 and then down to $301.20 in 2013 was orchestrated by China's massive adoption  of Bitcoin and then PBoC first attempt to keep Chinese people away from it. Price eventually soared afterwards. Now it's the globe that is fast embracing and driving the price of Bitcoin up and China again have stepped in to burst the bubble. I hope there're people who can figure out that history is about to repeat itself?

Yeah that information is not very accurate and doesn't represent the extreme polar growth of Bitcoin in both exponential rises and crashes. It makes it seem like the price was stable at those rates when it definitely is not the case.
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September 24, 2017, 03:09:06 AM
 #28

it is difficult to determine that in the future bitcoin will decrease because we see the price in the market now that possibility will not happen. a lot of bitcoin enthusiasts now and do not close the possibility will not increase so at least for the future bitcoin will not decrease
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September 24, 2017, 04:11:39 AM
 #29

I am sure that OP is having a hard time expressing the thoughts in English. Anyway, let me chip in what I can according to what I understand. You are talking here of volatility (the increase and decrease of value of a certain medium) and for Bitcoin it so happened to be too high as compared to other investment tool. However, it is also the same volatility that attracted so many players to Bitcoin (the same reason also why there are those who are shying away from it).

Would there be a decrease? yes, anything is possible actually and no one knows what can happen in the next few days as the market is very much vulnerable to any FUD from well-known personalities. However, this is always temporary as the trend for Bitcoin remains to be upwards.
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September 24, 2017, 06:17:05 AM
 #30

Bitcoin volatility is very high and then it is decentralized, so all of the price is based on the supply and demand and within the numerous of alt coins that appear it is very possible for the bitcoin price to fall down so it is hard to predicted whether it is going to go up or down
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September 24, 2017, 07:58:20 AM
 #31

As  i know bitcoin has no stable price even before its always volatile. And also i have a doubt of this situation cause it was fall deeper than i thought. . maybe this is just temporary at this moment. Maybe a less user of currency thats why it fall? So its better to buy instead of worrying dont lose hope of this scenario..i know soon it will climbed again . cause bitcoin has Volatile attitude every time. .
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September 24, 2017, 10:33:46 AM
 #32

I think it all depends on us crypto users do we continue to pump bitcoin by continuing to buy as much bitcoin as possible. of course with the increasing demand for bitcoin this will certainly continue to pump the value of bitcoin in the future. I hope more and more investors are willing to invest in dibitcoin this will certainly make bitcoin prices continue to rise at the top level. but I can not predict the value of bitcoin for the future because bitcoin is a virtual currency that does not have a stable value yet. we have to do as a crypto user is to continue and continue to buy bitcoin to invest do not panic with a price reduction that is already commonplace.

 
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September 24, 2017, 10:46:18 AM
 #33

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0  Huh
2010 - 1btc = $0.1 - $0.08  Cry
2011 - 1btc = $0.75  Angry
2012 - 1btc = $9.04  Angry
2013 - 1btc = $301.20  Angry
2014 - 1btc = $753.01  Sad
2015 - 1btc = $451.81  Angry
2016 - 1btc = $828.31  Roll Eyes
2017 - 1btc = $3664.25  Shocked
 
From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ?  Shocked
Bitcoin price is not really that stable and there would always be a chance that it's price would be reduce in the future,
But who knows maybe it could continue to grow see as the years passed by the price continue to get higher,Maybe because the number of investors or number who knows it are also increasing.
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September 24, 2017, 11:16:54 AM
 #34

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0  Huh
2010 - 1btc = $0.1 - $0.08  Cry
2011 - 1btc = $0.75  Angry
2012 - 1btc = $9.04  Angry
2013 - 1btc = $301.20  Angry
2014 - 1btc = $753.01  Sad
2015 - 1btc = $451.81  Angry
2016 - 1btc = $828.31  Roll Eyes
2017 - 1btc = $3664.25  Shocked
 
From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ?  Shocked
There is always a possibility of price decline but as you can see on the chart, it always bounce back which means it already have a momentum to go up. Investing in bitcoin as a long term is wise decision, as you can see JP Morgan is desperate to make the price go down so they can buy at low price but it always bounce back and will always be.
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September 24, 2017, 11:22:04 AM
 #35

As  i know bitcoin has no stable price even before its always volatile. And also i have a doubt of this situation cause it was fall deeper than i thought. . maybe this is just temporary at this moment. Maybe a less user of currency thats why it fall? So its better to buy instead of worrying dont lose hope of this scenario..i know soon it will climbed again . cause bitcoin has Volatile attitude every time. .
Yes bitcoin has been volatile ever since it was well known. It has no stable price and we could say price may decrease and increase. If you could invest analyze the market and if decided invest on what you can afford. Because most of us here are taking risks and sure price will high.
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September 24, 2017, 11:33:44 AM
 #36

From what I see anything is possible on the future of Bitcoin because there is no certainty on it. Even looking at the history yearly price of Bitcoin we will see that it has no steady increase as they are years which the price of Bitcoin falls down on a certain high. The chances of the price of Bitcoin falling is 100% and we are seeing it now as Bitcoin has reached the price of 4900$+ and now the price of it has reached the 3000$ level, right now it is consolidating on an unstable manner.

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September 24, 2017, 12:46:28 PM
 #37

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0  Huh
2010 - 1btc = $0.1 - $0.08  Cry
2011 - 1btc = $0.75  Angry
2012 - 1btc = $9.04  Angry
2013 - 1btc = $301.20  Angry
2014 - 1btc = $753.01  Sad
2015 - 1btc = $451.81  Angry
2016 - 1btc = $828.31  Roll Eyes
2017 - 1btc = $3664.25  Shocked
 
From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ?  Shocked

Bitcoin is not stable and I think that everyone knows that here that is why there really is a good chance that in the future its price may go down considerably. However bitcoin also has a tendency to eise up strong and deliver and that is what most are really leaning towards.

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September 24, 2017, 01:05:25 PM
 #38

Definitely yes, a decrease in price will always be a part of how bitcoin will grow. It won't always be pumped and increase exponentially like it does most of the time. Even if the price increases for a straight year without a decrease, at some point people would sell their coins and that would cause a decrease.
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September 24, 2017, 02:02:55 PM
 #39

I even like that the price of bitcoin declines. Maybe then people will realize that bitcoin is not a tool for investment. This is primarily a currency. We earn more money if bitcoin will have a turnover than keeping coins in the wallet and inflating the bubble.
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September 24, 2017, 02:12:13 PM
 #40

This unstability is the reason who drive more people into Bitcoin, Bitcoin users are increasing by the time as well, not only Bitcoin price. experienced people tell you that the best time to buy Bitcoin was years ago, the second best time is now.

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