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Author Topic: What Else Will Bring Bitcoin Price Down and Keep It There  (Read 584 times)
Kemarit
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November 18, 2017, 04:18:45 PM
 #21

After seeing what bitcoin has passed through especially recently and still rebounds and rise even higher. I am now forced to wonder, what on earth would bring the price of bitcoin down and keep it there. What do you think will do this?

If there is a new coin that comes along and swayed so much investors that they totally abandon bitcoin in favor of this new coin. We have seen attacks getting blatant and has no significant effect on the price of bitcoin. Though the price come crashing down, it will rebound and can go even further as its previous ATH. So I can't think of anything except for a new coin that is better and superior than bitcoin (not bitcoin cash) that will attract more investors. The question is, will there be one coin that will emerge in the future?

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November 19, 2017, 09:41:57 AM
 #22

After seeing what bitcoin has passed through especially recently and still rebounds and rise even higher. I am now forced to wonder, what on earth would bring the price of bitcoin down and keep it there. What do you think will do this?

The simple market and rules of commerce determines the price of bitcoin . The words are "demand" and "supply" . Obviously , one of the main reason why bitcoin is flying high is because many people have shown interest to in bitcoin . Many people have found out that bitcoin is a very good source of earning big bucks .
 After the speculation of amazon accepting bitcoin it even pumped the bitcoin demand and value to another extent . The downfall of the price can be related to the controversies and the the countries banning bitcoin or some negative comments by famous people . Forks and higher demand of other alt coins can also lead to the downfall.

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November 19, 2017, 09:55:29 AM
 #23

The more integrated it becomes, the harder it’ll be to ban it.
Once it starts making its way into mom and pop’s investment portfolios, it’ll be unstoppable, imo. Inclusions by Goldman Sachs, CME and others that follow work to this goal.

No people and nation states can ban Bitcoin at any time. Nobody is stopping them from doing so.
However a ban won't stop Bitcoin's usage and people's adoption. Similar to the ban of alcohol or making drugs illegal.
And because Bitcoin is a global phenomenon, every state banning or not adopting will get left behind.
Even before reaching mom and dad's investment portfolio Bitcoin will have made another 10x gain at least!!! Now it's the institutionals who will suck up as much BTC as they can. A pitty for them is that the majority is already distributed and in pretty strong hands. So they are fighting for a very limited amount of coins right now. And the more the demand for those left coins rises the higher the price will get of course.
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November 19, 2017, 10:32:29 AM
 #24

Nothing can make this happen, bitcoin cannot be stopped by people and government. The only thing that can stop bitcoin is itself, if a problem occur and bitcoin cannot handle it investors and users will start to find another coin that can replace it. There are many people who tried to stop it, even billionaires tried but bitcoin always reject to fall and the users of it never denies and that is the reason bitcoin cannot go down for good no matter what.



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November 19, 2017, 12:40:15 PM
 #25

After seeing what bitcoin has passed through especially recently and still rebounds and rise even higher. I am now forced to wonder, what on earth would bring the price of bitcoin down and keep it there. What do you think will do this?
If your government intervenes to much and regulate the crypto market of country by imposing some restrictions or ban then it would affect the prices heavily and people will start dumping their coins.Let's suppose you cannot pay any bill or exchange your btc in your country because of the government then what would be the fun of keeping them with you. The second reason may be people losing their Faith from bitcoin or other coin might replace its value over long period.These factors will contribute towards downfall of btc prices.

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November 19, 2017, 01:30:27 PM
 #26

For me, what will bring bitcoin price down is if all government agreed to ban the use of bitcoin and don't accept it, but i think this will not happen because many government knows that bitcoin can improve somehow the economy of a country, thus nothing can bring the price down and keep it there.
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November 19, 2017, 02:19:32 PM
 #27

It is because of the low demands. They need to lower down the price for people to buy it. Then suddenly it will go high if the supply becomes poor. They need the coordination of two sides so that the bitcoin will maintain its status.
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November 19, 2017, 03:47:18 PM
 #28

in my opinion bitcoin has it's own image in the crypto wold no one can easily achieves the position of bitcoin. may be there will a slight change occure in the price of this currency. as there are so many other coins comes in the market but every one has it's own value and own business. the bitcoin is the centeral currency of the crypto world as the time goes its popularity are also growing.

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November 19, 2017, 03:53:56 PM
 #29

The more integrated it becomes, the harder it’ll be to ban it.
Once it starts making its way into mom and pop’s investment portfolios, it’ll be unstoppable, imo. Inclusions by Goldman Sachs, CME and others that follow work to this goal.

No people and nation states can ban Bitcoin at any time. Nobody is stopping them from doing so.
However a ban won't stop Bitcoin's usage and people's adoption. Similar to the ban of alcohol or making drugs illegal.
And because Bitcoin is a global phenomenon, every state banning or not adopting will get left behind.
Even before reaching mom and dad's investment portfolio Bitcoin will have made another 10x gain at least!!! Now it's the institutionals who will suck up as much BTC as they can. A pitty for them is that the majority is already distributed and in pretty strong hands. So they are fighting for a very limited amount of coins right now. And the more the demand for those left coins rises the higher the price will get of course.
This is a very wise statement. But what will happen to bitcoin price if all the banks are connected and will not allow any operations on the conversion of bitcoin to Fiat. Don't forget that bitcoin sucks working capital from banks. They will never accept its existence. Without the free circulation of bitcoin in the trade he will always be under threat of destruction.
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November 19, 2017, 04:09:15 PM
 #30

After seeing what bitcoin has passed through especially recently and still rebounds and rise even higher. I am now forced to wonder, what on earth would bring the price of bitcoin down and keep it there. What do you think will do this?
What on earth why bitcoin price go down? Then blame it on those buyers itself because there are really times that people would make a certain spot for profit taking which would really create price decrease and later on they the ones who do buy on those price dips. Rinse and repeat since these kind of way would really give you profits on just doing it.If i were you got used to it and this is how bitcoins price do move and as a wise bitcoin investor you should know how to ride on the waves.

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