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Author Topic: Reasons why Bitcoin is droping:  (Read 2857 times)
noormcs5
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January 12, 2018, 04:49:15 PM
 #21


Reasons why #Bitcoin is droping:

- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative

This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this

 


May be i will wrong but in my point of views wise your reasons are not valid reasons. Actually bitcoin is down about a big pump and mostly investors have earned big profit from bitcoin that's why bitcoin price is down. But if you see then still bitcoin has a big price and it is still big valuable price. We can't say that bitcoin is doing to die.  
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January 12, 2018, 04:54:16 PM
 #22

It is full of good news at the moment, only that we are not hearing them because there is a lot of distortion from the social media at the moment, and most people is now spreading fud.. That is the main reason of why the price is not going up at the moment.
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January 12, 2018, 04:54:38 PM
 #23


Reasons why #Bitcoin is droping:

- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative

This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this

 

Right now the sudden drop of the price from $16,000 USD  to $13,000 USD is because of the FUD being spread due to a news where it said that South Korea will ban bitcoin and exchanges. This is not completely true. One of their ministers mistakenly announced about the ban without consulting other. An official statement was given that they are not banning anything.


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January 12, 2018, 05:02:18 PM
 #24

The reason which i think behind the dropping of bitcoin is its demand. Its demand is getting less because of increase in demand of etherum and other good potential altcoins.

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January 12, 2018, 05:07:57 PM
 #25

Well, to be honest, I agree with these answers as they are true and straightforward. If you want to be on top then you must be rebranding and bringing some kind of new updates with some tweaks in technology and service's and if it is related to bitcoin, then it's must for them to rebrand itself as it is running from a long journey. There are many things that are not doing good for bitcoin from few months especially the deeper correction which is still running sideways and because of this correction many newbies are not interested in bitcoin anymore, but it's possible that this unstable drop in bitcoin price is just a temporary and you may see a rally soon. And I think Manipulation is the main reason for this dropping as professional wants to kick out all the new trader's out of the rally which is due in few weeks.

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January 12, 2018, 05:19:20 PM
 #26


Reasons why #Bitcoin is droping:

- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative

This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this

 

Probably the bigest and the most obvious reson why bitcoin is dropping is transactions, bitcoin transactions have became really slow, since the massive jump of price of bitcoin it became so popular that the network can't handale to verify transactions that fast, and this has lead also to the miners fees increasing so you need to pay more or your transaction get stucked at first people thought that it is a temporary thing and it will get solved but after many attempts of forks and waiting for things to get better people starterd looking for alternative ways to send thier transactions, so they started using altcoins, and that is hwy bitcoin is starting to fall behiend.
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January 12, 2018, 05:25:06 PM
 #27

I really do not understand what Logo being cool has to do with Bitcoin price. I believe Bitcoin is dropping because of  profit taking by holders that that are on reasonable profits. The push much coin to the market and much coins in the market and price dipped.

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January 12, 2018, 05:27:20 PM
 #28

Just buy it now and hold it until it reaches high values again.
Then sell it and buy it when it reaches low levels again.
And so on, and so on until you have 1 million dollars.

It's how markets work, common.
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January 12, 2018, 05:28:37 PM
 #29

I think the devaluation this time is hard to explain, there are not any announcements from governments about the crypto market. Maybe this time is simple that people lose patience to wait for the price to recover so they have sold out. However, due to the excessive quantity, the prices have been reduced dramatically. But, in my opinion, the price will start to increase again; with the current price, certainly it will attract a large number of new investments.

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January 12, 2018, 05:32:56 PM
 #30


Reasons why #Bitcoin is droping:

- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative

This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this

 

Haha bitcoin doesn't has a team which controls everything like we have for other coins. I mean the creator himself is no where and the rest of the people making improvements to it are just volunteers. How do you expect volunteers to run bounties or airdrop to popularize something they don't even own. Even if they do so how can you really expect them to enter into agreements on behalf of bitcoin?
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January 12, 2018, 05:34:39 PM
 #31

I think the devaluation this time is hard to explain, there are not any announcements from governments about the crypto market. Maybe this time is simple that people lose patience to wait for the price to recover so they have sold out. However, due to the excessive quantity, the prices have been reduced dramatically. But, in my opinion, the price will start to increase again; with the current price, certainly it will attract a large number of new investments.

South Korea has stopped all markets, making millions of traders across Asia more wary, Visa blocked pre paid cards and this things make investors calm and wait, making the prices go lower.

It will stabilize and pump again.
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January 12, 2018, 05:40:54 PM
 #32


Reasons why #Bitcoin is droping:

- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative

This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this

 


This sounds more like a joke on the state of the alt coin market. Logo/bounties/communication/phd grads/etc
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January 12, 2018, 05:46:55 PM
 #33


Reasons why #Bitcoin is droping:

- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative

This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this

 


May be i will wrong but in my point of views wise your reasons are not valid reasons. Actually bitcoin is down about a big pump and mostly investors have earned big profit from bitcoin that's why bitcoin price is down. But if you see then still bitcoin has a big price and it is still big valuable price. We can't say that bitcoin is doing to die.  
You are right. The things discussed by the OP from twitter is a technical problem. Market fanatism towards bitcoin is more likely due to demand and supply, which is heavily influenced by the issue of legality and and investor speculation.
Too many threads that discuss about bitcoin price reduction. Come on guys, keep calm. This is a very natural thing for bitcoin.

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January 12, 2018, 05:53:55 PM
 #34


Reasons why #Bitcoin is droping:

- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative

This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this

 


May be i will wrong but in my point of views wise your reasons are not valid reasons. Actually bitcoin is down about a big pump and mostly investors have earned big profit from bitcoin that's why bitcoin price is down. But if you see then still bitcoin has a big price and it is still big valuable price. We can't say that bitcoin is doing to die. 
You are right. The things discussed by the OP from twitter is a technical problem. Market fanatism towards bitcoin is more likely due to demand and supply, which is heavily influenced by the issue of legality and and investor speculation.
Too many threads that discuss about bitcoin price reduction. Come on guys, keep calm. This is a very natural thing for bitcoin.


While you are correct in properly riding the wave out, speculative investing and theory crafting is always fun and allows for morning entertainment with my coffee =P
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January 12, 2018, 05:56:25 PM
 #35


Reasons why #Bitcoin is droping:

- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative

This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this

 


tried to think about high fees for transactions?
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January 12, 2018, 05:56:55 PM
 #36

Every pump will be followed by a correction as there are lots of people who are here only for the pump money and they run out as soon as they see some profit. This is the time when people just sell other coins when they get a little pump in them and keep collecting bitcoins.

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January 12, 2018, 06:04:25 PM
 #37

Billionaire "Warren Buffet" said "Bitcoin will end up badly"  Wink
That's because age is beginning to weigh on him and this isn't just his area of speciality.

By the way, what are the indication that the price of Bitcoin have been dropping,  by now it ought to have tanked if that was to be the case  but instead am seeing an asset that was ostensibly overbought making much anticipated  market correction or was anyone nursing the idea that the much acclaimed trip to the moon would be a one way trip? It's a fact that not one financial market works that way and Bitcoin is not going to be an exception.
Instead of fretting over the drop in the price of Bitcoin, any savvy trader should seize the opportunity to once again buy Bitcoin at a reduced rate before the next rally gets on the way - I understand FUD won't let some people  to and that is why they're always missing the bus.

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January 12, 2018, 06:04:44 PM
 #38

BTC droping !!
No, its not . last one year btc price is higher and higher. Not only btc but also another coins also going their peak position because the main coin is going to its peak position. i think its a rummer about btc and some people creats this to take their benefits.

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January 12, 2018, 06:06:24 PM
 #39

Bitcoin is only dropping because false news and extremely huge FUD, nothing more than that.

And if you mean that bitcoin is dropping because it is dying, then let me tell you that you do not even know how bitcoin works, came on! Just be realistic.
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January 12, 2018, 06:07:05 PM
 #40

The reason bitcoin is dropping is obvious, and I believe most of the reasons listed in OP are either trolling, or joking.

Firstly South Korea proposed new bans for Cryptocurrency exchanges, obviously this is bad news, but probably not worth the 25% drop. Secondly there are negative reports regarding the unreasonable transaction fees for small payments. Still, Bitcoin remains up over 1000% since Q1 2017, so is still in a very strong position.

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