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Author Topic: This is what happening to BTC  (Read 1942 times)
pitchi (OP)
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March 16, 2018, 08:45:25 PM
 #1

hi folks let me tell you what i think is going on right know Prices falling while value is increasing can only mean 2 things: 1. Either the price went up too much last year and is now correcting, or 2.: people don't get the value yet and we will see a strong price increase in a few months most likely is second option We will soon find out! tell me what do you think  Roll Eyes
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March 16, 2018, 09:46:32 PM
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 #2

what people need to do is stop looking at the peak price as if thats 'value' and then cry every time it drops.

instead take the LOWEST price of the last 6-12 months and set that as 'value' and then if the price doesnt go below that line, they know bitcoin has good resistance and good value

if the price goes well higher then the LOW then this is the speculative bubble. and when it comes down but is still above the LOW thats just a correction.. (bubble burst)

but if the price goes below the LOW then that is where its a undervalued dump(where true panic usually sets in)

in short dont base your emotions on the highs at any point.. look for the lows and set targets and 'value' based on the lows

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
kingkonjac
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March 16, 2018, 10:09:13 PM
 #3

what do I believe is that the increase in price on December was so unexpected and was not an healthy rise so the market saw a correction which lasted too much and has its turn to rise again.

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March 16, 2018, 10:19:55 PM
 #4

If you are in it for the long haul then stop looking at it's current price and think of Bitcoin's value to you rather than it's price. Especially if you are holding. The current price is irrelevant and as long as you have faith in Bitcoin and know how the economy works then it's current price does not matter to you.
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March 16, 2018, 10:21:18 PM
 #5

hi folks let me tell you what i think is going on right know Prices falling while value is increasing can only mean 2 things: 1. Either the price went up too much last year and is now correcting, or 2.: people don't get the value yet and we will see a strong price increase in a few months most likely is second option We will soon find out! tell me what do you think  Roll Eyes

I frankly did not get your statement. You have said that "right now prices falling while value is increasing". What do you mean by value here?

Secondly, how do you fix the parameters for bitcoin's value? It is obvious that we haven't yet discovered the full potential of bitcoin and the blockchain technology. A lot of things are expected to be discovered with time. So a huge potential of bitcoin is still out of our reach. It can work like magic in our daily lives. Who knows, the price can also reach to such a level, which we can't even think off. So if you believe in the technology, would suggest you to keep buying bitcoins at every dip and HODL. I am sure a lot of long term investors are doing the same.

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March 16, 2018, 10:24:46 PM
 #6

1. Either the price went up too much last year and is now correcting,
Yep it does. Bitcoin fluctuated too much and it has to be corrected. Set of balancing.
2.: people don't get the value yet and we will see a strong price increase in a few months most likely is second option We will soon find out! tell me what do you think  Roll Eyes
Rise-->fall-->rise-->fall repeat.
What are you trying to say here is you have found out what's the happening to bitcoin but those two, you are unsure of what you are saying.
what people need to do is stop looking at the peak price as if thats 'value' and then cry every time it drops.
True.



 

 

 

 

 

 


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Welsh
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March 16, 2018, 10:27:51 PM
 #7

I frankly did not get your statement. You have said that "right now prices falling while value is increasing". What do you mean by value here?

Secondly, how do you fix the parameters for bitcoin's value? It is obvious that we haven't yet discovered the full potential of bitcoin and the blockchain technology. A lot of things are expected to be discovered with time. So a huge potential of bitcoin is still out of our reach. It can work like magic in our daily lives. Who knows, the price can also reach to such a level, which we can't even think off. So if you believe in the technology, would suggest you to keep buying bitcoins at every dip and HODL. I am sure a lot of long term investors are doing the same.
He's probably got mixed up. I see value = what it means to the individual rather than it's current price. Although, I don't see why this would be going up whilst the price would be going down. Value is probably the same as it as always been for those invested in Bitcoin for Bitcoin rather than making a quick buck and then converting it back to fiat.
FrueGreads
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March 16, 2018, 10:44:46 PM
 #8

hi folks let me tell you what i think is going on right know Prices falling while value is increasing can only mean 2 things: 1. Either the price went up too much last year and is now correcting, or 2.: people don't get the value yet and we will see a strong price increase in a few months most likely is second option We will soon find out! tell me what do you think  Roll Eyes

I honestly think it's a mix of both. People don't understand the value of bitcoin, and they just bought it out of fomo, and to try to get rich. Since they didn't understand it, it was easy for them to be affected by fud and to panic sell. So basically, the price went up to fast because people were buying to profit and not because they believe that was the real value of BTC. Now it's correcting, but as soon as people start understanding what bitcoin is all about, and the potential it has, then they will understand that the current value is actually very small, and that it's a good investment to buy it.

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yugyug
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March 16, 2018, 11:17:19 PM
 #9

If you look the bticoin at a narrower perspective you will see an uncertainty of how it perform well but if you look farther for a wider perspective you will see how the bitcoin value is getting bigger and bigger. So let's be optimistic about the future of btc, There are still more good news to come let's wait and see.
ambisyon
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March 16, 2018, 11:22:32 PM
 #10

In my own understanding, people that are new with bitcoin does not yet very familiar of bitcoin's price value fluctuation and most likely people think that bitcoin's price had reached nearly almost $20K last year and could perhaps recurr within sometime of this year. I think bitcoin is in the adjustment period where it is now and currently moving upwards going to reach $8.6K as of this writing. It is still a good time to buy BTC where it is now recovering and hold it for a longer time to see the growth in your profit.

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timikulit
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March 16, 2018, 11:27:37 PM
 #11

Bitcoin correction is nearly over.

We are still sitting at bearish price movement. There is a chance that bitcoin will go lower again and reach 5,000. However, This might be the last time because the price correction is almost over.

Did you remember that some whales bought a lot of bitcoin at price level  6,000 to 8,000. This is a good indication! Just sit back and relax and comeback again before march ends.

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March 16, 2018, 11:29:54 PM
 #12

The fact is that too many people entered in the cryptoworld when BTC price was about 20k and now they are facing more than 50% losses on their investment.
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March 16, 2018, 11:30:18 PM
 #13

Bitcoin is leveling back to a support point, which is around $8000 it seems. It won't increase back to its previous high until there is some significant news, or if there is no bad news for a good period of time. Keep holding, it might take a while but Bitcoin will continue to see growth into 2019.
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March 16, 2018, 11:37:30 PM
 #14

      Bitcoin is too risky,if you join and enter in bitcoin world you need to be prepared for everything that possible to happen while you are in the journey together with it. BItcoin for me will rise later more than what happened before end of 2017. Maybe now bitcoin price drop down but just look forward with positive mind,it will increase more and more just have patience and stop negativeness because of the current lower price.

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March 17, 2018, 12:01:13 AM
 #15

Traders predicting the movements of the bitcoine course on the basis of the dynamics in the past, come to disappointing conclusions. The 50-day moving average of bitcoin has reached its closest approach to the 200-day indicator in 9 months. The failure of this level, which has not happened since 2015, will mean a new fall.
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March 17, 2018, 12:07:47 AM
 #16

Bitcoin now is having a major price correction due to the constant rising from last years and since bitcoin become the main focus from the government the investors still hesitate to put the money in crypto causing the price is hard to go up, the FUD, Facebook and google banning also contributed to the decreasing price, but all of them will heal up, a lot of countries seems supporting bitcoin, so all of just need to stay calm and stay away from FUD news
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March 17, 2018, 12:10:53 AM
 #17

I think the current incident as it happened in your second estimate, is currently being refurbished and going up a few months later, I strongly believe it.
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March 17, 2018, 12:13:50 AM
 #18

hi folks let me tell you what i think is going on right know Prices falling while value is increasing can only mean 2 things: 1. Either the price went up too much last year and is now correcting, or 2.: people don't get the value yet and we will see a strong price increase in a few months most likely is second option We will soon find out! tell me what do you think  Roll Eyes

WHAT VALUE? it is not backed by ANYTHING OTHER THAN TRUST. You can clone it, and there are hundreds of altcoins, and several forks. IT IS PRETTY MUCH A GAMBLING GAME.

The only value this has is because it is a sell-fulfilled prophecy, the moment it stops growing so people can stop trading it, it will lose value. Also bitcoin drops value because people sell it for dollars, lack of trust, and because the only interest on it is profit. Period.

You can read it here: https://www.mail-archive.com/cryptography@metzdowd.com/msg10162.html search for self-fulfilled prophecy.

SpaceX has value, Google has Value, AMD and Intel have value, Tesla has value... Bitcoin... does have little. Blockchain is cool, sure, but people is overreacting and as a currency it does not work. No one will ever use Bitcoin while it keeps increasing value, thus, no one uses it and its value drops.

What people who own bitcoin do about that ? indoctrination, propaganda, and spread FOMO, they want you to be the Greater Fool so they can cash in while you hodl.
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March 17, 2018, 12:14:46 AM
 #19

The price now is going down simply because of bad news. The correction has already happened earlier this year. This is not a correction anymore. Many entities are after bitcoin now. And more people are trying to ride with this in order to pull down the price of bitcoin. I think most of the whales are reaponsible for this in order to buy bitcoin at a very low price. By the time bitcoin grows then their money will grow with it. This is not new. This has happened so many times before.

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March 17, 2018, 12:22:57 AM
 #20

hi folks let me tell you what i think is going on right know Prices falling while value is increasing can only mean 2 things: 1. Either the price went up too much last year and is now correcting, or 2.: people don't get the value yet and we will see a strong price increase in a few months most likely is second option We will soon find out! tell me what do you think  Roll Eyes

Before i really thought it was corrections but now after some latest news like MT.Gox in which just revealed that they sold huge Bitcoins in which it really affect the market price https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market. This makes me believed that the real reason of the dip is the influence of big whales to manipulate the markets and their bankrupt reason is just to hide the truth.

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