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Author Topic: Your opinion about the fall of bitcoin  (Read 1555 times)
Vannie12
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February 05, 2018, 12:31:39 AM
 #21

Probably, it's still because of the unscaleable demand of bitcoin that we have been experiencing in years now I guess.

We are forcing bitcoin as mode of payment which is its function as a currency. Though we have known that Nakamoto did not thought about bitcoin facing such problem like lacking nodes and blocksize, devs find ways to make all fit.

While we are still in the the situation, it is not going to be healthy for businesses. That is why some are not accepting it anymore. Causing more crashes.
Gladly, bitcoin is a store value which makes it survive.
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February 05, 2018, 12:41:44 AM
 #22

I am not worried about this situation, because in my experience when I watched bitcoin last year the fluctuation of the price is always up and down, and I think we must wait for bitcoin when it increase the price. Fighting!
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February 05, 2018, 12:48:44 AM
 #23

As a crypto currency, the price of Bitcoin can be up or down. I am not worried about Bitcoin. In last few years, we saw many survival chapter of Bitcoin. Till now i believe Bitcoin as a legitimate currency. It is on the correction. Hopefully it will be recovered its price.

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February 05, 2018, 12:53:35 AM
 #24

I have seen the behavior of bitcoin for the past 3 years and though it drops 3 steps back, during the peak season on the last quarter of the year, it goes 5-10 steps forward. I regret not investing in crypto currency for the last 3 years. When I look back, I see a bigger picture. I still believe in bitcoin, it's just a matter of patience of holding on...
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February 05, 2018, 12:54:31 AM
 #25

The presence of negative news from crypto business circles in Asia and the US affects the current price decline. Do not panic continue to hold our coins because it will pump back the value that is currently experiencing degeneration. Think positive that the current situation will recover soon.

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Argie021213
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February 05, 2018, 01:13:47 AM
 #26

Just like other forms of investment it is normal for a bitcoin to face such issues, since it has becoming known in the market,there are alot of factors that can affect the current value of each bitcoin. What is important is that we learn to identify which factors will be beneficial for us. The higher the risk the higher the return.
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February 05, 2018, 01:18:21 AM
 #27

Cryptocurrency, in general, is very volatile and aside from the pump and dump everywhere, the trading is really driven by emotions and it is so hard to guess the emotions of every trader around the world - so when there is bad news about bitcoin or any altcoins, the emotion trading sets in and that is the primary price movers.

Of course, we can't say that news is not being manipulated but any bad news can really touch the emotions of most traders.

drew314
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February 05, 2018, 01:25:41 AM
 #28

We all know that the bitcoin price is so volatile, it goes up and goes down at any moment. So this downfall is very normal in my opinion. My co-worker said that it will continue to decrease and go back to $4500 the it will increase again. If it will really goes back to $4500, I think that is the best time to buy bitcoins before it increases again.

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February 05, 2018, 01:30:39 AM
 #29

If I think the fall of the current bitcoin price is all the more normal if we are smarter to take a chance by buying when bitcoin prices go down and hold up to the high price again, and the price is now still high compared to 2016, if for me there is no problem for the current bitcoin price.

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February 05, 2018, 01:32:28 AM
 #30

Sometimes Bitcoin cannot be explained using technical analysis. IMO, there are too many fuds recently. Another reason is due to the Chinese New Year in mid Feb, I guess many Chinese will cash out during this period.

But I am confident that Bitcoin will recover later on.
Same speculation, if what Im remembered is right, they have the tradition that before chinese new year, they cash out because they need money on hand and not in the investment. I guess they choose to convert their crypto to local money since its easy to invest it again to the same industry.

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February 05, 2018, 02:24:07 AM
 #31

sometimes the crypto world makes us confused with the state of the market, so I think crypto and bitcon can not be analyzed by mathematical calculations.

many fuds that make bitcoin fall and sick, in februari bitcon must face the day of chinese and also valentine day, and sale will increase so bitcoin become fall again. but I'm sure in the end the bitcoin will be high.

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February 05, 2018, 02:36:54 AM
 #32

in the world of crypto altcoin can be very high and can also be very low and worthless. all can happened.

bitcoin today is below with its declining value capacity. natural correction will run long, so bitcoin must retain its value in order to survive. buying and investing is one of the ways.

believe me! bitcoin at the end of 2018 will reach a very high value.

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February 05, 2018, 03:15:59 AM
 #33

in my personal opinion, this is just a normal phenomenon.
The bitcoin price need a correction in the beginning of the year.
you can look at the graphic of bitcoin price past 3 years.

cryptobd86
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February 05, 2018, 03:53:10 AM
 #34

There may be a lot of reasons behind the downfall of Bitcoin, Remove crypto from banned.exchanger in various countries of the world.

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February 05, 2018, 03:57:13 AM
 #35

The below is the records of Bitcoin’s steep fall in recent years:

September 14, 2010 to October 8th,2010, Bitcoin plummeted from $ 0.17 to $ 0.01, the drop range is 94%;

November 6th, 2010 to November 10th 2010, Bitcoin plummeted from $ 0.5 to $ 0.14, the drop range is 72%;

February 10th, 2011 to April 4th,2011, Bitcoin plummeted from $ 1.1 to $ 0.56, the drop range is 49%;

May 13rd, 2011 to May 21st,2011, Bitcoin plummeted from $ 8.45 to $ 5.58, the drop range is 34%;

June 8th, 2011 to November 17th,2011, Bitcoin plummeted from $ 32 to $ 2, the drop range is 94%;

April 10th, 2013 to July 7th,2013, Bitcoin plummeted from $ 266 to $ 63, the drop range is 76%;

November 30th, 2013 to January 14th, 2015, Bitcoin plummeted from $1166 to $ 170, the drop range is 85%;

March 10th, 2017 to March 24th,2017, Bitcoin plummeted from $1326 to $ 892, the drop range is 33%;

June 11th, 2017 to July 16th,2017, Bitcoin plummeted from $3025 to $ 1837, the drop range is 39%;

September 2nd, 2017 to September 13rd, 2017, Bitcoin plummeted from $5014 to $ 3766, the drop range is 25%;

December 17th, 2017 to December 30th,2017, Bitcoin plummeted from $19850 to $ 11690, the drop range is 41%;

The recently new drop began from January 6th, 2018, the drop range is nearly 60%. But now, the Bitcoin have rallied a liitle again. In accordance with the previous practice, Bitcoin will slowly rebound.

Steep fall is not frightening, the frightening thing is you lost confidence.

Therefore, everyone must be confident for Bitcoin, let us expect Bitcoin to erupt again!

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Hero44
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February 05, 2018, 03:58:45 AM
 #36

My opinion is that the fall of bitcoin is normal. From the past you see that bitcoin losses value and gains valued over time. So Don't be worried it must surely climb back to it's too position.
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February 05, 2018, 04:18:44 AM
 #37

A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.

You are always using the stock market terminology when it comes to trading BItcoin. Bitcoin is trading 24 hours a day everyday so your academically obtained analysis is just moronic.

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February 05, 2018, 04:40:24 AM
 #38

the price is  still in normal range if we consider the Dec 2017 price. dont panic it will highest in june once again
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February 05, 2018, 04:47:50 AM
 #39

I think this would be a test for investors, if they really believed in bitcoin they/we continue holding it and do not ever selling it at a lower value. Also it happens due to panic seller, they will help to increase the supply of bitcoin that is why the price are going to decrease. And for now it is the right time to buy bitcoin and hold.
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February 05, 2018, 04:52:20 AM
 #40

btc will surely rise after valentines day and Chinese new year as we all know that Chinese have the largest share of crypto market
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