What's wrong with Bitcoin now?

[alex M]

There is nothing wrong with bitcoin, the real problem are the people, they somehow expect that bitcoin violates all rules of economics and want that bitcoin always go up in value and that is simply impossible, the price needs to go down as well, this market is made of people and when the price goes up some cash out, some need that money for something important or some other reason and that decreases the price, just wait and the price will eventually recover.

Indeed, not always bitcoin is in good shape but sometimes it must be in down because that is the rule of market, bitcoin was so volatile it cannot stay to as it is now, there will be times that is high and low hence all we need to do is do the thing we want in appropriate way like sell if is high and buy if it low. There's a circulation happen in a certain market so expect that the particular coin or asset will never stay forever as it were.

Well for me, bitcoin still has a normal market trend nowadays though we have seen it dipped at around 6.5KUSD. This market situation is not bad enough for us  because we already know the volatility aspect of bitcoin. It will rise in a perfect timing and for the meantime, it would be smarter to take the opportunity to buy bitcoin at cheaper price, in order to have huge profits in the future.

[stelee68]

I see so many posting "BTC price is low now so buy buy buy", almost everyday there will be a few similar post.

All with the same logic - buy now get huge profit later".

So I'm safe to say that almost everyone is in for the profit $$$?

It the BTC price crash to new low, I guess 99 out of 100 won't be posting anymore, right?

[Streamlink]

There is nothing wrong with bitcoin, the real problem are the people, they somehow expect that bitcoin violates all rules of economics and want that bitcoin always go up in value and that is simply impossible, the price needs to go down as well, this market is made of people and when the price goes up some cash out, some need that money for something important or some other reason and that decreases the price, just wait and the price will eventually recover.

Indeed, not always bitcoin is in good shape but sometimes it must be in down because that is the rule of market, bitcoin was so volatile it cannot stay to as it is now, there will be times that is high and low hence all we need to do is do the thing we want in appropriate way like sell if is high and buy if it low. There's a circulation happen in a certain market so expect that the particular coin or asset will never stay forever as it were.

It is understandable and we should not worry about our investments because those users who invested last year came up with a huge profit at the end of previous year 2017. Similarly, we are looking for investment in this low market so that we may get the huge profit at the end or in the upcoming days. If the market continues its increase trend as it showed from yesterday then we will be standing on good positions in the upcoming days.

[goaldigger]

Everything happens on cryptocurrency market today is just normal. We just witnessed the moon on the last quarter of the year 2017 and it will be odd and inappropriate if it will be on moon forever. Market is alive and moving from time to time. So if we are more patient, we can still witness the moon on the future like what happened last time. The history repeats itself though.

[BitBite5]

And why do you think that somethng is wrong? Haven't you figured out that volatility is quite normal process and that price is changing up or down? At the current moment the price is changing for worse, we are facing price correction but there is nothing wrong with bitcoin, it's just going through normal dump phase but it will recover. For the nature of bitcoin it wouldn't be normal that is always rising.

[carlisle1]

Everything happens on cryptocurrency market today is just normal. We just witnessed the moon on the last quarter of the year 2017 and it will be odd and inappropriate if it will be on moon forever. Market is alive and moving from time to time. So if we are more patient, we can still witness the moon on the future like what happened last time. The history repeats itself though.

youre right mate.this is the problem about this people that only looking for the prices thats happening in their

front but not checking what had happen on their backs,history tells us what would be expect in near future as

 what had happen for many years ago.

[wildflower18]

And why do you think that somethng is wrong? Haven't you figured out that volatility is quite normal process and that price is changing up or down? At the current moment the price is changing for worse, we are facing price correction but there is nothing wrong with bitcoin, it's just going through normal dump phase but it will recover. For the nature of bitcoin it wouldn't be normal that is always rising.

This is the truth in crypto world prices always struggling and so many reason's why this is happening. Our options in this scenario of struggling price wether to hold for the meantime and buy some more for holding long term.

[winterland]

There is nothing wrong with bitcoin, the real problem are the people, they somehow expect that bitcoin violates all rules of economics and want that bitcoin always go up in value and that is simply impossible, the price needs to go down as well, this market is made of people and when the price goes up some cash out, some need that money for something important or some other reason and that decreases the price, just wait and the price will eventually recover.

It's all supply and demand And people need to remember that 6 * 24 blocks of 12.5 BTC are mined everyday. That's inflating money supply that needs demand to offset it from causing a price downtrend. That's in addition to all the other selling that goes on normally.

Compared to other currencies the inflation rate of bitcoin is very low and one of the reasons of why I think that we see a huge pump in the market has to do with that, if adoption grows faster than inflation this creates a deflationary state in which people do not want to spend their bitcoins and hold them instead and the reason the price is going down right now has to do with the fact that more bitcoin is circulating and being used as a currency.

[JohnWick_Bitcoin]

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?

There is nothing wrong about bitcoins but there are peoples today who are spreading fud in other countries that is making the price of cryptocurrency either to drop or to increase even more.

[pokeronlinestatus]

There is nothing wrong with bitcoin, the real problem are the people, they somehow expect that bitcoin violates all rules of economics and want that bitcoin always go up in value and that is simply impossible, the price needs to go down as well, this market is made of people and when the price goes up some cash out, some need that money for something important or some other reason and that decreases the price, just wait and the price will eventually recover.

Indeed, not always bitcoin is in good shape but sometimes it must be in down because that is the rule of market, bitcoin was so volatile it cannot stay to as it is now, there will be times that is high and low hence all we need to do is do the thing we want in appropriate way like sell if is high and buy if it low. There's a circulation happen in a certain market so expect that the particular coin or asset will never stay forever as it were.

It is understandable and we should not worry about our investments because those users who invested last year came up with a huge profit at the end of previous year 2017. Similarly, we are looking for investment in this low market so that we may get the huge profit at the end or in the upcoming days. If the market continues its increase trend as it showed from yesterday then we will be standing on good positions in the upcoming days.

Nothing wrong with bitcoin price. it is normal. All of us have seen big bump in the price at the end of the previous year and we are expecting the same which is not happening again and we are panic about the price. I think it is normal and according to the market cap. With the passage of time it will increase but don’t expect any big up again in the future.

[stepwilli]

if the bitcoin price drops because I believe the bitcoin price will increase again. That's why life itself is up and down so I do not doubt either in business or price determination up and down. because in every market price when investing there should be an increase and a fall in prices as a result of market fluctuations so no need to panic

The most important thing is that we do not experience panic because it will only make things worse. Decrease in bitcoin prices should be accompanied by a calm attitude so that the market will not experience panic. Panic will only destroy the market because then it could be the price of Bitcoin continues to decline with uncontrollable. With calmness and patience, the price of Bitcoin can regularly increase and be on a much better path.

Markets are changing with the passage of time and let me tell you the truth and positivity we had in the previous year that came after drops and falls so why we have negativity this time this year in this low market? We should think positive and wait for the real time so that the market demand increases in the future and we enter into the high market where our investments payoff.

I do not think some thing is wrong with Bitcoin. There is just fall in the prices and the market is red but this is not going to last longer and due to its inbuilt ability to move back to equilibrium. At equilibrium, the prices will be again high and there will be good stability in the market prices as well as a result of which the market will boom. It is just this part of the market that is being adored by the potential investors and cashes their money right away.

[voztata]

I see so many posting "BTC price is low now so buy buy buy", almost everyday there will be a few similar post.

All with the same logic - buy now get huge profit later".

So I'm safe to say that almost everyone is in for the profit $$$?

It the BTC price crash to new low, I guess 99 out of 100 won't be posting anymore, right?

We are well aware of the market and its reactions; the reaction of the market is due to the unfavorable action of demand. When the demand rate reduced the value also reduced and has reached at this current position now. This market is also favorable for buyers and we should get benefit of it. The current market can recover anytime soon and we should be alert in the market.

[olumyd]

With all the hype, why aren’t more people using it for purchases? A major reason is that transaction fees, and transaction completion times, have skyrocketed. Even at its best, Bitcoin is not a speedy transfer mechanism.

It is designed to take about 10 minutes to confirm any given transaction. However, in practice it’s gotten much worse recently.

Really? I thought the lightning network has been implemented to clear some of these hiccups and was hoping there'd be some good news on a full-frontal drive for adoption.

[zakariajaki]

one long-awaited news bitcoin again rise in price, your opinion is true when bitcoin has decreased a lot of about 15% and followed by the amount of volume decreased, a few moments ago bitcoin prices seems not moving up and down is not too significant, my prediction related price bitcoin for short or around 1-3 months bitcoin prices around 11K to 13K, hopefully good news bitcoin will soon be rumored one of them with the price on the market, may be useful, stay calm and successful for all of us

[winterland]

With all the hype, why aren’t more people using it for purchases? A major reason is that transaction fees, and transaction completion times, have skyrocketed. Even at its best, Bitcoin is not a speedy transfer mechanism.

It is designed to take about 10 minutes to confirm any given transaction. However, in practice it’s gotten much worse recently.

What are you talking about? The mempool is almost empty right now and this has been the case for some weeks already, you can send a transaction and get a confirmation for just a few satoshis in minutes, this is mostly due to the decrease of the demand of bitcoin but if you are looking to move your bitcoin cheaply this is the moment to do it.

[mia khalifa]

I think bitcoin is nothing wrong but there is bad news attacking bitcoin prices that makes bitcoin falling and this seems very normal because bitcoin prices will only move up and down, after the fall will usually go back up and the price recovered.

[sabarr]

bitcoin after having a very high price suddenly dropped at a very low price, but I still believe that it has become the character of the crypto currency and one day will have a high price again so that holding is the right choice right now, not need to panic

[gabmen]

I think bitcoin is nothing wrong but there is bad news attacking bitcoin prices that makes bitcoin falling and this seems very normal because bitcoin prices will only move up and down, after the fall will usually go back up and the price recovered.

I'm not even hearing major fuds right now dude that may greatly influence this correction. It's likely either the normal correction that's continuing up until now or the market's being manipulated by the big fishes. These are things that we can't do anything about

[bohr]

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?

There is a big difference between a prediction and speculation, a prediction has some basis in reality while what most investors do is nothing but to speculate a price is going to reach a certain level and yet they have no evidence for it, so nothing is happening in bitcoin, except the fact that many people are experiencing the first bear market of their lives and they have no idea how to deal with it.

[wildflower18]

bitcoin after having a very high price suddenly dropped at a very low price, but I still believe that it has become the character of the crypto currency and one day will have a high price again so that holding is the right choice right now, not need to panic

That's the usual can happen in bitcoin it will drops after sudden increase at all time high. Instead of worrying of this price that no movement we have to hold. Once their is adaptions take place bitcoin will increase at least.