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Author Topic: What Else Will Bring Bitcoin Price Down and Keep It There  (Read 584 times)
sirkings0003 (OP)
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November 17, 2017, 04:47:58 PM
 #1

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?

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coolcountry
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November 17, 2017, 05:53:04 PM
 #2

The people not trusting the currency anymore. Barring any government intervention of course. The only internal problem which would lead to bitcoin "imploding" would be people losing their confidence in bitcoin for whatever reason.

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November 17, 2017, 06:13:03 PM
 #3

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?

For me, if you want to keep Bitcoin price at the bottom is you need to kill all the internet all over the world. And also try taking out the power, if you can. Smiley
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November 17, 2017, 08:37:09 PM
 #4

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?

For me, if you want to keep Bitcoin price at the bottom is you need to kill all the internet all over the world. And also try taking out the power, if you can. Smiley
Don't be so sure... if your government bans bitcoin from a day to another, and wants to send you to jail if you transact or just own bitocin, would you risk it? I know that some of the people would risk it, but not all of the people who owns bitcoin now. So if eg. half of the current bitcoin owners will be forced to quit bitcoin, it would affect the price heavily. So as long as we're not disturbing governments and banks too much, this is a good situation, but as bitcoin grows, there will be a point where we need to prepare for regulations. (which has already started, exchanges KYC, AML, etc...)
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November 17, 2017, 08:46:22 PM
 #5

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.
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November 17, 2017, 08:49:17 PM
 #6

High frequency trading
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November 17, 2017, 09:05:11 PM
 #7

This month was horrible month, because many countries have decided to ban Bitcoin and they are preparing them self for this action. Even though Bitcoin is being done and these countries but still be used all over the world. Yes you heard it right if you are in a country or Bitcoin is going to be illegal then you are going to earn your Bitcoins and send it somewhere else and something else with does not relates to the bank.
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November 17, 2017, 09:12:20 PM
 #8

At this point it is a freight train, traders and bots are selling and droppig the price but then other traders and bots are buying the dips and pumping it up. I'm looking for 1k b4 the end of the year. Just 1 month ago I was calling  for 10k by mid jan, but now it is accelereted
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November 17, 2017, 09:26:32 PM
 #9

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?

Government over-regulation could make cryptocurrency prices drop significantly although some people think that it wouldn’t have that affect.

A major problem or scandal at a large cryptocurrency exchange could bring the price down at least temporarily. We have seen this happen with MtGox and Cryptsy with major disruptions to the market.

For Bitcoin specifically, if fees get too high and transaction times get too slow and these issues are not addressed, the free market would most likely result in the Bitcoin price dropping as other altcoins took the market cap lead.
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November 17, 2017, 09:28:36 PM
 #10

If a dying patient is fighting for his life he will keep breathing. Remove the source of breath and he will die.  Now, if you want to kill BTC,  then remove the miners, stop them.  Thats what Roger Ver did,  he bribe the miners to leave BTC. He also spam the blockchain with garbage transactions to keep the BTC blockchain busy while we are lacking miners.

We need more miners.

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?
WhichIsGood
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November 18, 2017, 03:07:27 AM
 #11

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 will be more people who are driven buy greed and decides to manipulate bitcoin. Just take for example the recent commotion that had happened that greatly affected the bitcoin community.

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November 18, 2017, 04:03:27 AM
 #12

People really moved a little bit from the original bitcoin and switched to bitcoin in cash, because bitcoin did not solve their problems of low transaction bandwidth. In the fall in the cost of the initial bitcoin, there are some positive points. We do not need a pumped bubble, but constantly improving in quality of the crypto currency. When the initial bitcoin does not have a sharp break in the price, there will be normal competition between bitcoins. And it will be good.
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November 18, 2017, 04:28:03 AM
 #13

I think, according to the current market attention, bitcoin prices can not decline in the short term a lot, only when the market is less people, bitcoin holders less, the price will decline.

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November 18, 2017, 11:23:38 AM
 #14

there are a lot of thing that can caused a huge downward movement for Bitcoin,
but for keeping it in there there're none of them can do that,
only 2 possibilities that will happen if you're asking about it :
1.A huge blow caused by the fudder for a weeks and then the price will be increase a lot from before
(it's our current move,and for the time being it will always be like this)
2.A huge blow caused by the network,for example the network crash and totally destroyed.
which mean Bitcoin has 0 value and it will go down forever.

the reason why bitcoin very popular right now because it has its own usability,
if it lose its usability,with the time or directly it will lose its value.

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November 18, 2017, 11:33:03 AM
 #15

Bitcoin be like a plant or a farm. As long as there are farmers, as long as there are people who cultivates the land, everything will be steady. Bitcoin will remain steady as long as investors are investing. Now, if a huge entity comes and would like to sabotage bitcoin, then maybe it can be shaky.

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November 18, 2017, 01:26:31 PM
 #16

High frequency trading

It definitely had a bad impact on the market if we look at how things were going with Chinese exchanges and their zero fee structure. Volumes jumped to millions of traded Bitcoins per day, and that per exchange. Orders of +10,000BTC were pumped through in a matter of seconds like it was nothing, etc. It was a brutal market, especially for the regular traders and people. I'm really glad that it no longer exists. I am not often in favor of certain governmental actions, but them stopping this barbary has definitely given the market a boost. I am more thinking about something a bit more severe, like a Gox scenario (mildly hinting at Bitfinex). Roll Eyes Bitfinex is a ticking time bomb.
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November 18, 2017, 01:32:55 PM
 #17

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?


Only when it is adopted by 6 billion people, worldwide, and all state-controlled currencies die.

Which might happen in a hundred years. In this case, the value will be one billion dollars for each coin. And of course, there will be no more dollar at the time.
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November 18, 2017, 01:41:48 PM
 #18

Its true that bitcoin has successfully survived despite china's strict actions against it and masterplan by roger ver and his team to pump BCH and dump BTC.Just for now,no threat is found.But certainly,some hrd forks are expected in the upcoming months.Some group may once again start spreading FUD and encourage panic selling.There are always a bunch of weak hands in the bitcoin network who would fall victims to such FUD and would sell off their bitcoins making bitcoin price to fall.It would still continue.....

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November 18, 2017, 03:04:17 PM
 #19

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?

Remember that when the Chicago Mercantile Exchange enabled bitcoin futures trading in December, JP Morgan and all those places that think bitcoin is a bubble will at last have the ability to short it in an enormous way. Yes, we have margin trading on bitfinex, bitmex, and kraken, but it's a piddly amount compared to what is going to be unleashed.

 
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November 18, 2017, 03:11:20 PM
 #20

Bitcoin doesn't have anything to face more than that it has faced in this short time frame. At present nothing can bring down the price of bitcoin down. Some issues might create a temporary price drop which soon grows further reaching higher value than what it was before the price drop got initiated.

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