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Author Topic: After " Destroying Bitcoin " prices went up  (Read 207 times)
Idrisu
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April 27, 2018, 06:48:34 AM
 #21

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?
The bad news that always make people to dump Bitcoin are banning crypto currencies activities and regulations agency trying to regulate it. Since inception that is what has be affecting pricing negatively. MIT technology has no capacity to explain ways to destroy Bitcoin and we know that no nations, country, associations and company has that capacities to do that because blockchain technology is decentralized and we can do business with it wereever we are.

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April 27, 2018, 08:45:18 AM
 #22

In my opinion bitcoin will not be destroy. Bitcoin is founded strongly in this crypto world. So those who are planning to destroy bitcoin I think it makes too long and hardly to achieve it.
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April 27, 2018, 12:54:50 PM
 #23

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

Though this is the reality that whatever the news it will drastically gets affected the price of bitcoin and it's quite manipulated. So if you easily swayed by news and fuds then early as now expect your loss because that kind of attitude won't survive here.

So embrace the volatility because volatility can make you profit really good if you know how to play in the market.
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April 27, 2018, 02:11:04 PM
 #24

The article isn't big news, I would have expected it to affect prices by exactly zero cents, which is what it did.

Also their ideas were pretty stupid. Makes MIT look bad. Their ideas were basically make centralized coins to destroy bitcoin or make altcoins to destroy bitcoin.  Clearly not much actual thought went into the paper.
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April 27, 2018, 04:43:10 PM
 #25

The bad news that always make people to dump Bitcoin are banning crypto currencies activities and regulations agency trying to regulate it. Since inception that is what has be affecting pricing negatively.
Well, not in most of the cases. Small countries (in terms of cryptocurrencies adoption) decision to ban Bitcoin or any altcoins haven't any impact on the prices. Same goes for rumours. It is a little bit complicated and in most of cases it has many factors involved at the same time.

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April 28, 2018, 02:53:15 AM
 #26

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?
Most of the news that make the price bitcoin to go down have to do with some kind of government regulation or banning, in the previous years China was very influential in the price of bitcoin almost anything that China said could push the price down or up but now they are losing their influence, also news about hackings to exchanges can cause the price to go down.
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April 28, 2018, 03:11:58 AM
 #27


This has become so cliche now .
Bitcoin gets accuse by some people and it gets a huge back lash , the prices go down and bitcoin recovers once again . For all the people who think bitcoin is a "bubble " and it will burst soon , i really want to know how many years will that "soon" be taking . Because it doesn't seem like a bubble to me anymore .
No matter what FUD is being created by the people and all the opposition , bitcoin always manage to come out of the dark.               

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April 28, 2018, 02:12:40 PM
 #28

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

Well we've probably shaken most of the weak hands already at this point so negative reviews would likely have less impact that they did the first quarter of this year. But fuds can seriously start a bear market. New government bans,  the selloff of mtgox, these can snowball into panic if there are more weak hands in the market

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April 28, 2018, 03:21:05 PM
 #29

a news like that talking about "destroying bitcoin" may seem like a new thing to you but trust me things like this have been around for a very long time. they have been creating content of this subject dating back to yearly years of bitcoin's popularity. there never is any value in any of them and throwing big names like "MIT" in it doesn't make the article any better than the rest of them.

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April 28, 2018, 05:47:02 PM
 #30


This has become so cliche now .
Bitcoin gets accuse by some people and it gets a huge back lash , the prices go down and bitcoin recovers once again . For all the people who think bitcoin is a "bubble " and it will burst soon , i really want to know how many years will that "soon" be taking . Because it doesn't seem like a bubble to me anymore .
No matter what FUD is being created by the people and all the opposition , bitcoin always manage to come out of the dark.               
I think it is not just a phrase people are using but sometimes it seems like it is a bubble and that bursts after a while. I am not complaining about bitcoin but the whales are here to prove it. It reached in a quarter from 6K to 19K and then all of a sudden in no time it was around 11k and remained for some time and then back to 6K and below. This has formed a kind of chaos but at the same time with each recovery it grips its position upwards. People will definitely say things about BTC when they don’t know to how to react, only patience will allow you to achieve your goals.
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April 28, 2018, 08:03:26 PM
 #31

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?
Most of the news that make the price bitcoin to go down have to do with some kind of government regulation or banning, in the previous years China was very influential in the price of bitcoin almost anything that China said could push the price down or up but now they are losing their influence, also news about hackings to exchanges can cause the price to go down.

Determining the cause of the problem especially about the value of Bitcoin has no definite answer. As we all know, there are many factors that could affect its price and still peoples answer were purely speculation and don't even have strong evidence to support the statement. Anyway, Bitcoin will always increased every year and investing in this coin for long-term will give us a better profit.

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April 28, 2018, 09:32:04 PM
 #32


This has become so cliche now .
Bitcoin gets accuse by some people and it gets a huge back lash , the prices go down and bitcoin recovers once again . For all the people who think bitcoin is a "bubble " and it will burst soon , i really want to know how many years will that "soon" be taking . Because it doesn't seem like a bubble to me anymore .
No matter what FUD is being created by the people and all the opposition , bitcoin always manage to come out of the dark.               
I think it is not just a phrase people are using but sometimes it seems like it is a bubble and that bursts after a while. I am not complaining about bitcoin but the whales are here to prove it. It reached in a quarter from 6K to 19K and then all of a sudden in no time it was around 11k and remained for some time and then back to 6K and below. This has formed a kind of chaos but at the same time with each recovery it grips its position upwards. People will definitely say things about BTC when they don’t know to how to react, only patience will allow you to achieve your goals.
It's pretty much a good karma for bitcoin to have such a name in crypto currency that despite all the criticisms thrown,still it could stand and can regain trust from other people who haven't or will be part of bitcoin. Social media is a worse enemy for bitcoin for it can give bad information into people and the dangerous part is,some people easily believes on unrealistic news about bitcoin. Afterwhich,it gains more popularity that's why prices went up.


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April 28, 2018, 11:10:05 PM
 #33

Small countries (in terms of cryptocurrencies adoption) decision to ban Bitcoin or any altcoins haven't any impact on the prices.

It's basically a simple matter of those who don't contribute to growth, won't be missed when they withdraw themselves from this market entirely. That's exactly why the market initially went nuts over China's exit, but as time went on, it became more clear that China was made to look big with all their volumes and exchange activity, while in reality they didn't even account for 10% of what we were believing they accounted for. It was one big troll show that once the show was over, left everyone else with a bad taste in their mouth. Just look at the market and developments right now, we progressed further than ever before, and that without 'super power' China.
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April 29, 2018, 06:51:35 AM
 #34

We've been too often to read information like this, and this is part of the FUD, it's too classic. Just go on, we would not think too much about this kind of information. The OPs are just like they ask 'bitcoin will end'. Now the bitcoin prices have started to recover after a few months slump, just a few months away bitcoin prices will return to high prices.



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wuvdoll
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April 29, 2018, 07:47:40 AM
 #35

We've been too often to read information like this, and this is part of the FUD, it's too classic. Just go on, we would not think too much about this kind of information. The OPs are just like they ask 'bitcoin will end'. Now the bitcoin prices have started to recover after a few months slump, just a few months away bitcoin prices will return to high prices.
I still do not know why we tag some previous months of this year as destroying bitcoin and that was how some market usually  rise and fall. Last year we had a huge rally up and it was expected to see a turn out in this way. It is normal in every market but the fact here is that, there is no down that does not end upward. Fake news of course may have been some cause, but greed actually added to it as well with weak hands entering the market.

As expected, market started showing some recovery hence I will not call bitcoin got destroyed in last few months. It is just part of any market and moreover it is like market showed another very good buying levels. I have made use of those opportunities as I never worried about the futures of bitcoins.

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timerland
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April 29, 2018, 08:52:21 AM
 #36

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

If you have noticed a trend in when these sort of articles always come out, it is always when bitcoin isn't doing well, probably in a bear market, and someone publishes negative news surrounding bitcoin. Never in a bull market will you hear these types of things.

Not all news articles will influence prices, and none of them, especially opinion pieces like this that speculate on BTC's future, will have a longlasting effect on bitcoin. If you're talking about bullish news, it could be a well known public figure getting into bitcoin, a major institution starting to trade BTC, any of these things.

The rally right now is created by the fact that support at $6600 levels are tested and they seem to be quite steady, which made this rally possible. It's also fueled somewhat by Tom Lee's predictions of a bull market.

At the end of the day, try not to be influenced by market sentiment or news articles like this that is created in the spur of the moment.

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April 29, 2018, 01:59:33 PM
 #37

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?
Yes I remember one time when there was a news of bitcoin ban in India and the price fell quiet significantly after that news but the next day when the FUD cleared off then the price started to rise and went back to previous day's price.

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magneto
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April 30, 2018, 03:12:41 AM
 #38

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?

Source is here: https://www.technologyreview.com/s/610809/lets-destroy-bitcoin/

Again, this is completely speculative and they are merely suggesting what could happen. Without any degree of certainty. I believe that bitcoin markets have grown to be less and less sensitive to speculative news pieces, compared to previously where the markets aren't as mature. That's why this news piece didn't have an effect on bitcoin prices at all.

However, insensitivity doesn't mean complete ignorance to news. As you said, there are some media coverages that make traders panic still. One of them is obviously government regulaiton. If governments come out with a new regulation that restricts access to bitcoin, even though we all know bitcoin is decentralized and they will never be able to do anything to the core of the network but only to third party bitcoin services, will likely cause prices to decrease in the short term.

I tend to skip over any sensationalist, clearly fabricated or exaggerated headlines straightaway. Don't get affected by them.

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April 30, 2018, 04:30:11 AM
 #39

Any type of FUD can affect the price of bitcoin,  I personally didn't pay attention to the MIT news when I saw it.  If you have been keeping tabs lately on the price fluctuation of bitcoin,  you would notice that sometimes, there might be a price dip or the price might go down even without any circulation of FUD. So it's also keen to know that, not all FUDs can cause a decrease and an increase in BTC price.

Ararbermas
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April 30, 2018, 04:40:50 AM
 #40

Have you seen that MIT technology review explaining 3 ways to destroy Bitcoin ? It is from a month ago.

Well I won't discuss that, but briefly, imo they have too much imagination, for real, it's all biased.

So basically, even with this news the prices went up from about 7k at the time to the prices that are now. I learned that Bitcoin prices usually fluctuate due to bad news, but I started to follow prices only this year. What kind of news would make the prices decrease ? Anyone remembers one ?
i think this kind of news is the really cause why bitcoin price always  decrease and sometimes suddenly plunges back to the bottom price which is  (banning issues such countries ,  hacking etc , and sometimes fake news which made by fud's to manipulate the price ) . But no need to worry about it which if you already bought then suddenly that factors happen,  just control your emotions and wait for it because it will jump again gradually so keep holding put some patience on it 'cause that is the best ways to avoid regrets .
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