Fall of Bitcoin (Reasons)

[Daboy_Lyle]

First of all, no one knows for sure. But here are a few reasons at play:

SUPPLY : Miners currently receive a 12.5 BTC reward for every block that they mine, but Nakamoto’s protocol also requires that the mining reward is halved every 210,000 blocks, or approximately four years. The next miner halving will take place within two years, approximately in early June 2020 depending on hashrate, bringing the rewards down to 6.25 BTC per mined block.
DEMAND: While the number of transactions are trending upwards (see Bitcoin Number of Transactions excluding Popular Addresses, it seems that there is not as much new interest in investing into bitcoin at the moment. Interest has stabilized, but may not be outstripping demand. Google Trends - Web Search interest - Worldwide, 2004 - present.
RISK: In addition to the price risk from the fluctuating exchange rate, there is currently a very heated debate about the bitcoin 'software' with competing proposals on how to scale bitcoin in order to facilitate more transactions (BitcoinXT, BIP10x). Without going too much into detail, the discussion questions some of the core principles of bitcoin. (high-level overview: Brief thoughts on the Bitcoin block size debate.
Don't worry about the price because it is normal and eveeything about changes of price will be more uswful to traders and buyers.
Source: https://www.quora.com/What-is-the-reason-for-the-falling-value-of-Bitcoin-Is-its-end-near-I-have-already-lost-some-money-by-holding-on-to-it-Please-advise

But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.
-REVELATION 21.8

Is this FUD you ask?  Yes it is.  It is the utmost of fear which is the fear of the Lord and the uncertainties and doubts of those that are damned and have their part in the lake of fire.

[jpnl0003]

I quite understand the 666 code, and the current price of bitcoin but having to relate the reason for the fall of the price, I don't think it has to do with the codes. I think that investors are pulling out their investment in bitcoin and that is enough reason for it to fall in price. Thanks

[Daboy_Lyle]

~snip~

I'm just giving  the reasons why bitcoin fall and I don't have any intesion to your reply.  

I quite understand the 666 code, and the current price of bitcoin but having to relate the reason for the fall of the price, I don't think it has to do with the codes. I think that investors are pulling out their investment in bitcoin and that is enough reason for it to fall in price. Thanks

Yes this is also a reason why bitcoin  price fall. Many investors are pulling now there investment.

[holydarkness]

Hey man BTC is definitly manipulated just check the price now?
6,662.81
and everyone knows wat the number ( 666 ) meaning right?

OMG!!! I can't believe I didn't see this before!! Sweet baby jesus!! Youbknow You know what? I think the others are also being manipulated, everyrhing. ETH, WAVES,  MONERO, even USD to EUR... Wait... Even your height is being manipulated. You know, I am sure at certain point, in your life, you reached 66,6 inches, or 66,6 centimeters, or 66,6 pounds, or 66,6 kilograms. Oh jesus! We are all fucked up. We're being manipulated by Satan.


I think the major reason of crypto downfall was because the (over)exposure at the end of 2017. It attracted new investors who barely had any experience, seeking for a quick profit, and when the price fell, they got panicked and created a rippling effect of price dump. We'll recover once they sold all their coins and leave us the way our community was before they came.

[franky1]

OP just copied and pasted text from a few years ago hoping for free merit..
sorry not original. and even if it was original. im sorry but its not rally teaching anythng
very lazy
(edit:OP now seems to have edited post to mention 12.5btc)

firstly there are 12.5 coins per block now (yea the OP's post is mega out of date as it originally said 25 coins and a price/btc of ~$228)


but more importantly. the 12.5 coins per block do not all go to exchanges to become the "supply" of exchanges to be part of the market price

[TFIL]

OP just copied and pasted text from a few years ago hoping for free merit..
sorry not original. and even if it was original. im sorry but its not rally teaching anythng
very lazy

firstly there are 12.5 coins per block now (yea the OP's post is mega out of date)
but more importantly. the 12.5 coins per block do not all go to exchanges to become the "supply" of exchanges to be part of the market price

Posting the source of the original content would help back up your claim. I tried searching but Tor search engine isn't the greatest.

Hey man BTC is definitly manipulated just check the price now?
6,662.81
and everyone knows wat the number ( 666 ) meaning right?

I mean I've seen superstition before but this is a new level.

[dark1234]

Hey man BTC is definitly manipulated just check the price now?
6,662.81
and everyone knows wat the number ( 666 ) meaning right?

OMG!!! I can't believe I didn't see this before!! Sweet baby jesus!! Youbknow You know what? I think the others are also being manipulated, everyrhing. ETH, WAVES,  MONERO, even USD to EUR... Wait... Even your height is being manipulated. You know, I am sure at certain point, in your life, you reached 66,6 inches, or 66,6 centimeters, or 66,6 pounds, or 66,6 kilograms. Oh jesus! We are all fucked up. We're being manipulated by Satan.


I think the major reason of crypto downfall was because the (over)exposure at the end of 2017. It attracted new investors who barely had any experience, seeking for a quick profit, and when the price fell, they got panicked and created a rippling effect of price dump. We'll recover once they sold all their coins and leave us the way our community was before they came.

I strongly agree with your idea of dump prices because many new investors arrive and they buy bitcoin so selfishly and emotionally without using real analysis and the price of falling and the existence of a cryptic issue about their crypto confused and depressed so that they sell all assets with no thought, and now to the price stability will come back again

[Sumo]

Hey man BTC is definitly manipulated just check the price now?
6,662.81
and everyone knows wat the number ( 666 ) meaning right?

OMG!!! I can't believe I didn't see this before!! Sweet baby jesus!! Youbknow You know what? I think the others are also being manipulated, everyrhing. ETH, WAVES,  MONERO, even USD to EUR... Wait... Even your height is being manipulated. You know, I am sure at certain point, in your life, you reached 66,6 inches, or 66,6 centimeters, or 66,6 pounds, or 66,6 kilograms. Oh jesus! We are all fucked up. We're being manipulated by Satan.


I think the major reason of crypto downfall was because the (over)exposure at the end of 2017. It attracted new investors who barely had any experience, seeking for a quick profit, and when the price fell, they got panicked and created a rippling effect of price dump. We'll recover once they sold all their coins and leave us the way our community was before they came.

Agreed. Why focus on one Bitcoin, if there is a mass of other coins. And generally, because of these arguments, nothing will change. Would be better if the author had been pondering over how to ride on this wave and earn more $.

[SaShiRaJaVu]

As franky1 said you might have slept through an entire year, where is the heated debate now about scaling, it was a debatable topic a couple of years ago and we are well passed that time, i am not exactly sure why the market is behaving like this, but this is how the market is for the past few months and so it is not that surprising either to see the market going down without any particular news.

[Ausgewielt]

Actually bitcoin price is still can be easily manipulated. Since the liquidity is very low thrn I people sell 1000-2000 btc in a day then it is enough to make the price fall. Just hold your bitcoin.holding is always give us nice profit.

[Bobby park]

As franky1 said you might have slept through an entire year, where is the heated debate now about scaling, it was a debatable topic a couple of years ago and we are well passed that time, i am not exactly sure why the market is behaving like this, but this is how the market is for the past few months and so it is not that surprising either to see the market going down without any particular news.

The OP did not pass its play in veterans!
What a photomemographic you have! It was already discussed years ago but it seems you are reminding it always.
Anyway, I think that the FUD article that the OP wants to share is just a non-sense. Do not fear the people in bitcoin. If you used bitcoin in immorality then I could say that you have been accompanied by Satan but if you the bitcoin in right way, nothings to worry since bitcoin is made to help and be useful in our economy.
I believe that having a 666 plays only in your hand not the object or anything that you hold. It means, the evilness takes place to the person not the things they hold.

[kenelmark]

~ snip

First of all, no one knows for sure. But here are a few reasons at play:

~ snip

But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.
-REVELATION 21.8[/center]
Is this FUD you ask?  Yes it is.  It is the utmost of fear which is the fear of the Lord and the uncertainties and doubts of those that are damned and have their part in the lake of fire.

I don't think this is a fall just because it doesn't reach the same price as previous price of 2017. the graphic shows how bitcoin price surprised us. why would we surprise if bitcoin can not reach that price again?! this year is much harder because many expert players have enter this business due to a high popularity of bitcoin from last year. just don't be baits for those players.

[Nhor1011]

First of all, no one knows for sure. But here are a few reasons at play:

SUPPLY : Miners currently receive a 12.5 BTC reward for every block that they mine, but Nakamoto’s protocol also requires that the mining reward is halved every 210,000 blocks, or approximately four years. The next miner halving will take place within two years, approximately in early June 2020 depending on hashrate, bringing the rewards down to 6.25 BTC per mined block.
DEMAND: While the number of transactions are trending upwards (see Bitcoin Number of Transactions excluding Popular Addresses, it seems that there is not as much new interest in investing into bitcoin at the moment. Interest has stabilized, but may not be outstripping demand. Google Trends - Web Search interest - Worldwide, 2004 - present.
RISK: In addition to the price risk from the fluctuating exchange rate, there is currently a very heated debate about the bitcoin 'software' with competing proposals on how to scale bitcoin in order to facilitate more transactions (BitcoinXT, BIP10x). Without going too much into detail, the discussion questions some of the core principles of bitcoin. (high-level overview: Brief thoughts on the Bitcoin block size debate.
Don't worry about the price because it is normal and eveeything about changes of price will be more uswful to traders and buyers.
Source: https://www.quora.com/What-is-the-reason-for-the-falling-value-of-Bitcoin-Is-its-end-near-I-have-already-lost-some-money-by-holding-on-to-it-Please-advise

But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.
-REVELATION 21.8

Is this FUD you ask?  Yes it is.  It is the utmost of fear which is the fear of the Lord and the uncertainties and doubts of those that are damned and have their part in the lake of fire.

     I think biblical explanation was not the reason for the dumping and pumping of bitcoin price. Cryptocurrency like bitcoin are the currency we just use for our financial and material need. The reasons behind the situation now of crypto market are those people who are panic selling which is considered as the flow of demand and supply. Because they sell and sell and sell,supply are more than the demand which brings the price drop. So,if there are people and investors that continue to buy and hold until supply is out,then the price will go up.

[Vannie12]

I remember when June 6, 2016 came everyone was scared and I think its rather funny seeing that people make their own fears. Anything that involves the 666 becomes a threat to everyone though some are just making excuses that some things are connected with it.

I don't know but we should stick to reality and maybe we can get real answers. The point of using statistics with right data will help I guess.

[jerrison]

The up and down of the bitcoin prices are the reasons why investors and people who care to know about the technology consider it to be falling. In my opinion, it is just working with the up and down of price of commodities as a normal business will be. Thanks

[thevlox]

bitcoin in fall to be a lot, because there may be. bitcoin this to work in the first is  contain will. of after is when coin of the price of less than the coin to buy and when the increase in the alive should be. in this way, I bitcoin succeed at the go

[KingScorpio]

I quite understand the 666 code, and the current price of bitcoin but having to relate the reason for the fall of the price, I don't think it has to do with the codes. I think that investors are pulling out their investment in bitcoin and that is enough reason for it to fall in price. Thanks

i see a different and simple reason:

when bitcoin was firstly introduced it was competing for investors attention alone

today bitcoin competes with 2000 more coins and many are still not listed.

why is bitcoin more valuable than any of those coins?

there are no got reasons, as bitcoin wastes a ton of electricity.

main thing is the rebbellion against the elites and the central banks that initially gave it value but today?

nothing substantial anymore.

i expect this development to continue as more and more ico go online they all have more interest in getting rid of bitcoin instead of holding it.

[filharvey]

Now there seems to be no room for a debate for scaling as almost bitcoin transactions are now far cheaper than before,thanks to segwit.So it might not be a reason for fall of bitcoin.Bitcoin being used for payment options has not developed due to high transaction fee and slower transactions.But now since that issue has been solved,bitcoin might get adopted by many companies as payment and hence the demand would increase.So, bitcoin price would not continue to fall.

[dothebeats]

How far have you dug in the depths of this forum just to get a copypasta of a rather meaningless OP? The scaling debate had long been gone because after the surge, the mempool cleared up and the fees returned to normal. For the demand, there is still a significant demand for bitcoins out there that you failed to see for yourself. If there are no demand, we would be sitting ourselves at $3000 or even lower, but lo and behold we managed to stay afloat of $6000 and cross $7000. For the risks, yep, the scaling debate is dead, so your point is invalid in there.

Nice try geting merit, OP.

[pitiflin]

For the demand, there is still a significant demand for bitcoins out there that you failed to see for yourself. If there are no demand, we would be sitting ourselves at $3000 or even lower, but lo and behold we managed to stay afloat of $6000 and cross $7000.

Demand cannot dissappear overnight but however the demand for bitcoin is currently very less, the price rose today but buying is not happening much(pumps don't count as buying as the same guy purchases the same bitcoin from different addresses). People are stupidly reacting to fake news and bullshit and panic selling. There is sort of artificial demand being created right now so that doesn't actually count as demand.