What's wrong with Bitcoin now?

[olubams]

Bitcoin has lost almost 15% of its value since two weeks ago. At the peak around Christmas holidays, it was trading at over $19,000.

Bitcoin investors have been predicting that meteoritic rises will commence any day now. But the price has been hovering in the $8,000-$9,000 range with surprisingly low volumes.

One Good Post: why is Bitcoin price stagnant?

What is happening in the Bitcoin world?  What is the near-term price forecast for Bitcoin?

This topic is better for the speculation section of the forum because its no different than all of the threads you see about questions on when bitcoin would increase or maybe it will crash further, will.it reach the all time high again etc. Nothing is actually wrong with bitcoin, whay happen was that we got accustomed to the period of high price and we continue to make reference to that particular period forgetting that even at the current price of $8000+, its still a way high of appreciation over the same time period last year.

[cryptogideon19]

For my opinion BTC also needs to play a price. If BTC's high value seems to be hard to buy, it's good to have high value especially for altcoins. But it really needs to go down to Market Balance.

[Slow death]

Bitcoin has lost almost 15% of its value since two weeks ago. At the peak around Christmas holidays, it was trading at over $19,000.

Why the hell every month should someone remind us that the price is dropping and that the price had reached $19000, this is for people to get into more panic?

Bitcoin investors have been predicting that meteoritic rises will commence any day now.

Anyone can make price prediction, I will make a prediction now: in 2022 the price of bitcoin will be  $12000. The bottom line here is: why am I making this prediction? I rely on what to do this prediction? we need at least to show some argument that led us to make such a price prediction

What is happening in the Bitcoin world? 

Last year we did not have the regulations, we had a great ICO race, today we have the regulations, I have the governments exercising pressure, so this probably reduced the number of people who buy bitcoin

What is the near-term price forecast for Bitcoin?

$9500

[ondabeat]

Expecting something that is not realistic in really is not the way traders and the price correction we see now is the normal phase for the traded online assets. Obviously when Bitcoin reaches at an all-time high almost everyone takes advantage and only a few succeed in losing.

[Dudeperfect]

Well, there is nothing wrong with it. In fact, I am happy to see that correction took place earlier and the artificial price really didn't last long because such artificial hike not only affects the investors but also it spreads the wrong message among the people who don't have any idea of Bitcoin. I have seen some people (newbies) investing high amount just because the price was rising but they started blaming Bitcoin after the correction took place.

[surfinonmyownwavebaby]

Bitcoin isn't dead. Bitcoin isn't broken. Bitcoin can't moon all day! After we understand these 3 facts it is clear that Bitcoin is consolidating before making another run up, otherwise it would have dumped past 6k already. Obviously that can still happen, but I believe we are more likely to hit 10k than we are 6k at this point in time.

[pekcoin01]

There were not too many coins in the past. For this reason all coins and certain coins were invested. But now there are thousands of tons. And the number of coins is increasing every day. Crypto moneys are scattered in thousands of coins. For this reason Bitcoin prices do not increase rapidly.
In the past, the advantage of bitcoin was 85%. Now 37%. That's why you do not get the price.

[hammo]

there is thousands weakhands out there and they are too emotional. any little negative news effect lot's of people and they do panic sell every time. wait for 1 year and you will hear their cry.

[Hackarit]

Bitcoin has lost almost 15% of its value since two weeks ago. At the peak around Christmas holidays, it was trading at over $19,000.

Bitcoin investors have been predicting that meteoritic rises will commence any day now. But the price has been hovering in the $8,000-$9,000 range with surprisingly low volumes.

One Good Post: why is Bitcoin price stagnant?

What is happening in the Bitcoin world?  What is the near-term price forecast for Bitcoin?

I think there is nothing wrong with the bitcoin market now, if the market price is down now we may be aiming for a lot of searching for btc and investing temporarily in the sense of saving, when the market price goes up then there is a golden opportunity given to us.

[faizzeybutt786]

heavy pumping oe dumping in value not stabailty thats effcts the coin value this time bitcoin complete own corretction after that it well helpful for users

[nerlial]

The price was fixed for 1 BTC = 10 000 $. This is already good. You when investing in Bitcoin think that he will grow every day to heaven. It will not happen. You need to wait.

[audaciousbeing]

Bitcoin rallied from 5400$ to 19,600$ in just a month, what do you expect that it will still continue to grow to that point on? Expecting something unrealistic in really not a traders way and the price correction we are seeing now is a normal phase to a traded asset online. Obviously when Bitcoin reached at its all time high almost everybody took profit and only some have manage to experience losses. Bitcoin more than doubling its value in just a month made this downtrend long as it maybe is making or waiting for a bigger move.

I had noticed this and that is the disadvantage of the rapid movement in price that happened during that period. It opened our eyes to prices that no one would imagine it would get to in 5 years a month before. This then made people start making predictions about how it will get to $100,000 with one year. Some even went as far as predicting that the price would touch $1,000,000 in no distant time forgetting that the percentage movement was what was gathered for over 7 years and we are all expecting same feat to be reached in 7 months.

Even at this time, everyone still need to be happy (with the exception of those who bought at $15,000+) because the point at which price is now, is still some element of appreciation if we take away the December era away because that time was really a balloon that I thought my wallet has bug when I checked the price to see over 30% increase in one night.

[Marlo Stanfield]

Considering 2017 was an insanely bullish year it's not that surprising really that 2018 is shaping up to be less eventful. Bitcoin has often followed similar patterns after it's big bubbles over the years. Long slow bleeds or sideway market movement(lack thereof rather) is par for the course really.

Honestly, the fact that Bitcoin is still at these prices is pretty amazing. Being able to float around 10k and sustain enough demand to offset all the mining and such is pretty impressive imo after watching it over many years. The growth is almost unbelievable.

[JerryJam]

Do not forget that the feature of bitcoin is its ability to fluctuate the rate. That's normal. There are of course factors that affect the fall in prices.One of them is the emergence of forks. In simple words, the developers decided to change the rules of the game.These changes attract a part of customers and this leads to a drop in bitcoin quotes.Of course that's not the only reason. The experts name many more. The imperfection of technologies to accusations of pyramid and HYIP. Bitcoin is not falling for the first time.But then it comes up again.If someone has already bought bitcoin at the peak of the cost can only wait until the price goes up.

[dothebeats]

Instead of questioning bitcoin's ups and downs, why wouldn't people just go on and capitalize on these price changes instead of giving volatility a new meaning? Determining current trends and whatnot sure helps a lot for traders, butt for normal investors like most people here who intend to go long, why need to go on and gather mental stress? Everyone is waiting right now to sell their coins but long term prospects tell us that we're still bullish. Personally, i think a good reversal would happen after the months of May and June are over, and we could go on full-blown bullish mode again. I just hope that there'd be no more large-scale sell offs that could potentially bring the price down.

[shalaza]

All these are mere speculations,$8000 is not bad for bitcoin presently. We know there are a lot of factors affecting it but we have been here before. No cause for alarm

[samcrypto]

All these are mere speculations,$8000 is not bad for bitcoin presently. We know there are a lot of factors affecting it but we have been here before. No cause for alarm

I know everyone here experienced the dump so many times, and the current price are much higher compare to last year so for me we are still on the right place heading to a great future. Don't panic because bitcoin can bounce again, just help to stop from spreading false news about bitcoin so newbies will not panic.

[Raggie]

Bitcoin has lost almost 15% of its value since two weeks ago. At the peak around Christmas holidays, it was trading at over $19,000.

Bitcoin investors have been predicting that meteoritic rises will commence any day now. But the price has been hovering in the $8,000-$9,000 range with surprisingly low volumes.

One Good Post: why is Bitcoin price stagnant?

What is happening in the Bitcoin world?  What is the near-term price forecast for Bitcoin?

bitcoin even worse now. it hit $7k in the market.
well, anything can be happened in cryptocurrency. We never know if someone want to dump their coin.
just hope this falling not occurred to long so the holders not panic selling their coin and causing worse condition.

[sheryl18]

Bitcoin has lost almost 15% of its value since two weeks ago. At the peak around Christmas holidays, it was trading at over $19,000.

Bitcoin investors have been predicting that meteoritic rises will commence any day now. But the price has been hovering in the $8,000-$9,000 range with surprisingly low volumes.

One Good Post: why is Bitcoin price stagnant?

What is happening in the Bitcoin world?  What is the near-term price forecast for Bitcoin?

I do not see anything wrong with bitcoin but it's not wrong with its value because it's naturally dropping but it's not wrong with it but it just takes days for it but the bitcoin has not been wrong.

[Dreamchaser21]

Bitcoin has lost almost 15% of its value since two weeks ago. At the peak around Christmas holidays, it was trading at over $19,000.

Bitcoin investors have been predicting that meteoritic rises will commence any day now. But the price has been hovering in the $8,000-$9,000 range with surprisingly low volumes.

One Good Post: why is Bitcoin price stagnant?

What is happening in the Bitcoin world?  What is the near-term price forecast for Bitcoin?

I do not see anything wrong with bitcoin but it's not wrong with its value because it's naturally dropping but it's not wrong with it but it just takes days for it but the bitcoin has not been wrong.

People think that if bitcoin falls short, there is something wrong about it. Actually, there is really no wrong about bitcoin technology but the people who are trying to bring bitcoin down is the real problem of this cryptoworld. A lot of negative news about cryptocurrency some of those are not true so literally there's a group that keep on pushing bitcoin down, which for sure they will not succeed.