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Author Topic: What's the reason why BTC rise or decline?  (Read 315 times)
timerland
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January 06, 2018, 01:32:53 PM
 #21

Huh As we all know, the recent 2 months, BTC has risen to $15000 quickly. This never happened is the past. How to explain this phenomenon?

Thats because Bitcoin is completely decentralized, so the buying and selling of Bitcoin is totally dependent on the community. There is no panic holder for bitcoin, meaning that it will and can drop to as low as you want, however on the contrary can also rise to as much as you want.

Usually bitcoin only falls when word of FUD comes around to the light headed and inexperienced traders who sell out of panic. Also, the same can be said when people or bitcoin whales start dumping their stash.

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January 06, 2018, 06:34:23 PM
 #22

The reason for rise includes:
- Sudden spike in the number of investors who came in watching others investing in it due to the surge that was taking place slowly already.
- Media boost that helped Bitcoin go mainstream.
- From $1k to $20k, it surged to more than 2000%.

Now, let's talk about decline:
- Think of it as a correction because there can't remain positivity all the time, and so does negativity.
- Don't take it as a drop after the price spike, take it as a dip from the ATH, it didn't even go down 50% after rising 2000%.

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Lambo-san
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January 06, 2018, 08:16:12 PM
 #23

Huh As we all know, the recent 2 months, BTC has risen to $15000 quickly. This never happened is the past. How to explain this phenomenon?

The price of Bitcoin is driven by the community. Meaning it could increase or decrease depending on its community. That's the reason why Bitcoin is so volatile in nature. The swift increase in Bitcoin's price would the due to the exponential growth of its user and its demand. We cannot argue about Bitcoin-awareness being spread fast via mass media and social media. This have a big impact in Bitcoin's price. Thus, quick increase.
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January 07, 2018, 03:59:27 AM
 #24

The reason for rise includes:
- Sudden spike in the number of investors who came in watching others investing in it due to the surge that was taking place slowly already.
- Media boost that helped Bitcoin go mainstream.
- From $1k to $20k, it surged to more than 2000%.

Now, let's talk about decline:
- Think of it as a correction because there can't remain positivity all the time, and so does negativity.
- Don't take it as a drop after the price spike, take it as a dip from the ATH, it didn't even go down 50% after rising 2000%.

There are really time for pump and dumps, and thus we see bitcoin value arises and fall , we just know that we should have stick on what we really want for that coin, whether to hold it first. i believe bitcoin will still arise no matter what, it may just take time.

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carriebee
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January 07, 2018, 07:54:21 AM
 #25

As I can assess to this with regard to bitcoin because of demand and support from the users itself. The bitcoin price eversince is uptrend and downtrend. It may usually decrease or increase but once you ride with it you can get benefits of.
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January 12, 2018, 03:27:22 PM
 #26

The reason for rise includes:
- Sudden spike in the number of investors who came in watching others investing in it due to the surge that was taking place slowly already.
- Media boost that helped Bitcoin go mainstream.
- From $1k to $20k, it surged to more than 2000%.

Now, let's talk about decline:
- Think of it as a correction because there can't remain positivity all the time, and so does negativity.
- Don't take it as a drop after the price spike, take it as a dip from the ATH, it didn't even go down 50% after rising 2000%.

There are really time for pump and dumps, and thus we see bitcoin value arises and fall , we just know that we should have stick on what we really want for that coin, whether to hold it first. i believe bitcoin will still arise no matter what, it may just take time.

What you are witnessing currently can't be compared to what you saw in early 2014 when it crashed from $1100 to $250 in no time after the pump was injected.
Things have now changed a lot because we didn't see it breaking back hard (in other words, crash) suddenly but there were reasons this time for its rise as well as fall too. It'll rise but we need to stay focused on the problems that are rising too with its adoption, else do you think it will really keep up with the demands of the market?

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