bitcoin price from 20$ down to 13$. What do you think about this decline?

[Anhmai]

After peaking in December, the bitcoins continued to fall from 20$ to 13$ today.
Part of the reason for that slump is that investors are selling for profit, but not a small fraction of the bad news is continuous bitcoin. The big companies a few months ago also accepted as a currency to pay now turn away from bitcoin. This has a significant effect on bitcoin prices. Recently, a variety of bitcoin polymerization has originated. In addition to ETH also have cheap coins such as CMT, ALT and Arcblock are coming out. Bitcoin has been fiercely competitive in terms of deals and elegance. With a long history, Bitcoin is still trusted by many investors and chosen as a business currency. However, many investors have started to doubt because of the new coin with more attractive features and potential than bitcoin.
What do you think about bitcoin prices in 2018?

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[mondobitcoin]

Bitcoin is the first cryptocurrency and the most popular, the price is going down, but i think that is it a temporary situation.
But a lot of new alt coins have taked a good place in this space, so is possible that one of them can replace the bitcoln, like Ethereum

[buyinbtc]

After peaking in December, the bitcoins continued to fall from 20$ to 13$ today.
Part of the reason for that slump is that investors are selling for profit, but not a small fraction of the bad news is continuous bitcoin. The big companies a few months ago also accepted as a currency to pay now turn away from bitcoin. This has a significant effect on bitcoin prices. Recently, a variety of bitcoin polymerization has originated. In addition to ETH also have cheap coins such as CMT, ALT and Arcblock are coming out. Bitcoin has been fiercely competitive in terms of deals and elegance. With a long history, Bitcoin is still trusted by many investors and chosen as a business currency. However, many investors have started to doubt because of the new coin with more attractive features and potential than bitcoin.
What do you think about bitcoin prices in 2018?

They turn away from bitcoins not because of their price, but because of high fees. At least this was main reason why google and steam changed their minds about bitcoins and stopped accepting them. I don't think that other companies cares about bitcoins price, why would they?

[mindrust]

It still may go as low as $8k. Don't worry though. We need these major corrections so people will have another chance to get in.

The rise from $5k to 20k happened so fast. It may go down just as fast and then even more to make you even more mad and make you panic dump. After Gox it went from $1200 to $150. People said; "Bitcoin is dead. There is no chance to recover from here."

Look where we are now.

[bitbunnny]

I think everything has been already said about that. It is correction that has been expected and I.don't think there is something to worry about.
Bitcoin price changes very quickly in both ways, up or down and current price is in accordance with the situation on the market. Many investors have sold their coins in the past period so I suppose we are waiting again for balance to be established and the price will rise again, you can't be sure of that.

[BTCtrader9]

The recent news of South Korea banning the crypto currency has what made the price go down but like always, this is just another temporary decline which keeps happening every now and then, it should be up again in few days.

[Thinvestor]

The recent news of South Korea banning the crypto currency has what made the price go down but like always, this is just another temporary decline which keeps happening every now and then, it should be up again in few days.

Thats all complete FUD anyway, there is no ban. Certainly does not help bitcoin and the entire crypto ecosystem.

[Lanatsa]

It still may go as low as $8k. Don't worry though. We need these major corrections so people will have another chance to get in.

The rise from $5k to 20k happened so fast. It may go down just as fast and then even more to make you even more mad and make you panic dump. After Gox it went from $1200 to $150. People said; "Bitcoin is dead. There is no chance to recover from here."

Look where we are now.

I agree on what you have said here which we cant really say such thing that bitcoin would really already loss its shine as of this year or upcoming years because we do saw its flaw already regarding on fees and confirmation times. We cant really deny the fact that investors or companies will definitely see this thing which would lead up on hesitation to accept it again and would rather choose up another coin which would be beneficial for them.

[Envelope]

The fees are ridiculously high. It's no wonder many people are spreading FUD if the only thing mainstream media is relaying to the masses are the high fees and highly volatile values.

I wonder if Lightning will arrive in time to change the otherwise trending terrible perception of BTC...

[Tyrantt]

ditchin btc and switchin to eth or ltc. Fees are ridiculously high and the last time I've used btc was a few months ago, it's much more profitable and cheaper to go over ETH. Greed is going to hold btc back.

[ralle14]

It's a correction from how I see it. The price rose so fast last year between the last week of november until december the price of bitcoin almost doubled and the dips wasn't big at that time. Imo Bitcoin will still increase in 2018 but it won't gain much against other coins. It's better to experience the small crash of bitcoin now than having a bigger one in the future.

[yukinohana.htn]

This is just temporary, dont worry, it will recovery soon

[Hannahanto]

It's a correction from how I see it. The price rose so fast last year between the last week of november until december the price of bitcoin almost doubled and the dips wasn't big at that time. Imo Bitcoin will still increase in 2018 but it won't gain much against other coins. It's better to experience the small crash of bitcoin now than having a bigger one in the future.

It was a correction when Segwit was introduced. But then it should have positively grown back to $17K. It is not. Korean government started banning exchanges and traders if i am not wrong. This caused drastic fall in bitcoin. I assume, bitcoin value should be retrived back to minimum of $15K in a week time once the banning is over and people start using local exchanges.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

[teddy5145]

It's a correction from how I see it. The price rose so fast last year between the last week of november until december the price of bitcoin almost doubled and the dips wasn't big at that time. Imo Bitcoin will still increase in 2018 but it won't gain much against other coins. It's better to experience the small crash of bitcoin now than having a bigger one in the future.

It was a correction when Segwit was introduced. But then it should have positively grown back to $17K. It is not. Korean government started banning exchanges and traders if i am not wrong. This caused drastic fall in bitcoin. I assume, bitcoin value should be retrived back to minimum of $15K in a week time once the banning is over and people start using local exchanges.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

Funny enough, those news about Korea banning crypto caused a civil war between their govt
https://cointelegraph.com/news/nothing-finalized-south-korea-govt-ministries-diverge-over-crypto-ban-proposal

The price should stay $13 until we heard the status of Korea whether they are going to ban crypto or not
Until then, buy and hold, Remember that Japan is also a big user of Crypto (and actually backed by their govt)

[rose8963]

Bitcoin achieves $ 20000 because the market is very excited at the moment, and investors who know bitcoin are investing in it but that value is too great and the market can not accept that value. has returned to $ 13000 and stabilized at that value for a very long time. I am trying to buy more bitcoin at this price because I think bitcoin is the bottom price in this area, its support level is very high.

[Rajamuda]

Whatever it is, essentially various activities done by many people is the causes.
Indeed, many are moving to focused more on altcoins, in making investments and trading, but of course I think still.. from time to time everyone's thoughts will certainly remain different and have a different activities / different efforts, which I'm sure there are still many people who are close to bitcoin because today bitcoin is increasingly being accepted in different countries and is more popular among many people than altcoins till can buying something or many others things that using bitcoin for payments.
I'm sure it will going back to a higher direction again for sure of course, I think there are still many people will buying at this moment for investing due this time it's the right time to buy.

[goaldigger]

I notice now that altcoins are being popular and i think it has a big contribution of the bitcoin's price. Bitcoin holders switching to altcoins can make the price lower and leads to stability like what happened on this past weeks. I beleive and hope that it can regain its value next week.

[zhanyiguai261315]

The main reason for the recent decline in the digital money market is that I think the south Korean government and China have been responsible for the removal of miners. I believe that after a period of time, the market will gradually recover. Many people are slowly looking for new minerals, so there is no need to worry about the fall.

[andybits]

This is definitely a temporary decline, in 5 years time when bitcoin is mainstream the price could be 100,000 USD.

[wklt2002]

After the pump from 5k$ to 20k$ happened too fast, and because of that you can expect a major correction thanks to investors selling to cash out their profit. The correction is basically over now and I hope Bitcoin will do another bull run soon.