Is the decline in the Bitcoin price OUR fault?

[RoftheN]

There is still some time left before Bitcoin is ready to be accepted globally by merchants, we shouldn't hurry in that part. The biggest reason for the start of this price drop is the mt gox trustee. He was selling huge amount of Bitcoins on exchanges directly instead of selling them through OTC.

[Kakmakr]

It's not all about that at all. The market itself from it's supply and demand determines the price of BTC. It's been a talk that the whales are all behind this. Some say the market is being manipulated which has a point and with all the FUDs spreading.

The manipulation thing is grossly exaggerated by the Press and everyone is believing their guesswork. Look at this for example :
https://bitcointalk.org/index.php?topic=4476948.0

So what if it is true and the price is being manipulated? It will make no difference in the end, because people are still willing to pay the price that are manipulated. This is more common than you might think. I know a multi-million dollar maize farmer that are withholding his maize in huge Silos until the price increase, to sell the maize at a higher price.

[fishball]

We have been looking for answers on why the Bitcoin price is falling, because we want someone to blame. We have seen the price going down from $19 000+ to $6500 and everyone is looking for the big reason to explain this.

We blamed the governments for regulations and we blame BCash supporters for selling us out and we have been blaming the Mt Gox guy for dumping the coins on the exchanges, but we have not looked at ourselves. 

Did we forget that the price of Bitcoin is based on Supply and Demand and that we have to work hard to grow the demand? There are constantly coins being added from the mining side, but the demand side is not keeping up. Why?

Yes, the price increase to $19 000 was spurred on by speculative greed, but we should have grown faster to sustain that progress.

I think everyone of us is to blame, because we should work harder to, :

~ Approach local merchants to ask if they would accept Bitcoin.
~ Ask Merchants to install a Bitcoin ATM in your area.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin. <Or they will stop doing this>
~ Start using the Lightning Network to fast track the implementation.
~ Get SegWit addresses
~ Help people to invest in Bitcoin. <Open that wallet and give them some Satoshi to play with.

Let's stop blaming others and start working harder to grow the demand, then we will reap the rewards. 

I think somehow a part of the decline in the price of bitcoin is our fault. We are just selling that we forgot to buy also.

[Proton2233]

It's not all about that at all. The market itself from it's supply and demand determines the price of BTC. It's been a talk that the whales are all behind this. Some say the market is being manipulated which has a point and with all the FUDs spreading.

The manipulation thing is grossly exaggerated by the Press and everyone is believing their guesswork. Look at this for example :
https://bitcointalk.org/index.php?topic=4476948.0

So what if it is true and the price is being manipulated? It will make no difference in the end, because people are still willing to pay the price that are manipulated. This is more common than you might think. I know a multi-million dollar maize farmer that are withholding his maize in huge Silos until the price increase, to sell the maize at a higher price.

A farmer doesn't eat his own corn. Many bitcoin users have made this income the main one. They are forced to periodically sell their coins for their needs. Miners also sell coins all the time to pay their electricity bills. So whales always find coins that can be bought cheaply. The market supply is declining, but they are probably satisfied with it.

[Kingofbitcoin12345]

It’s hard to accept that we ourselves have to blamed on this downfall.. You’re right for many things,, we do usually pointing fingers to where others wanted to.. If we and all bitcoin users/investors pointing the fingers on our own we would have done something to make it stopped or even preventing it..

Pride and our ego won’t let us see our mistakes and faults,, but this reminder can make a difference..

[Andrew S]

And what could be expected if bitcoin remained only on the Internet?  If the crypto currency is put into life in the form of a payment system, then you can see even greater growth.

[Ahimoth]

There is still some time left before Bitcoin is ready to be accepted globally by merchants, we shouldn't hurry in that part. The biggest reason for the start of this price drop is the mt gox trustee. He was selling huge amount of Bitcoins on exchanges directly instead of selling them through OTC.

We are responsible for it but the declining must not be accounted on us for all. Market is dealing with a trouble so we don't have any control in regards to that. It is not our mistake that the market is currently struggling but we must help to lift bitcoin's price. We can't just sit here and wait until it happens we must do our action to solve the problem.

[andreijoaquin]

I've seen such scenario happens exactly a year ago before the so called hard fork, the price of bitcoin drop so bad but  later on it recover and pump well as the record breaks its all time high and reach $9800. I am confident this will happen again and so I will still continue to hold my bitcoins.

[AliMan]

There is still some time left before Bitcoin is ready to be accepted globally by merchants, we shouldn't hurry in that part. The biggest reason for the start of this price drop is the mt gox trustee. He was selling huge amount of Bitcoins on exchanges directly instead of selling them through OTC.

It is not our overall mistake because market's situation is not in our control. Yes we may do some mistake which leads to the current struggle of bitcoin but we're not accountable for its overall performance. Market is volatile so we must really expect this kind of event. We just gotta figure out how to solve this kind of problem to have a better life instead of pointing out ourselves.

[estupido]

I think it is impossible if we have to blame each other here because I think the rise and fall of the price of an item depending on market conditions may be more precisely we just have to be even more vigorous trying to fix all the information about bitcoin either in what way we obviously have to fight

[Remainder]

It is our fault, bitcoin price depends on how people do the market trades, if the holders dump their bitcoin then the price will decrease, the market conditions will depends on the traders because it can't move on their own, the movement is on how people active on tradings.

[gabmen]

It is our fault, bitcoin price depends on how people do the market trades, if the holders dump their bitcoin then the price will decrease, the market conditions will depends on the traders because it can't move on their own, the movement is on how people active on tradings.

Well I won't balme it entirely on us since there are circumstances where people can't help but be nervous and sell coins in panic. There are more negative media reports that affect mostly newbies that positive ones and in a way I agree with john mcafee that there will be a time when the rubber will snap back up and it'll be sooner than later

[cxmyifan16]

Bitcoin, with all its pluses and minuses, is an interesting payment system. However, today it can no longer satisfy all user requirements for the platforms on the block, which have been formed in recent years.

[Vannie12]

We have been looking for answers on why the Bitcoin price is falling, because we want someone to blame. We have seen the price going down from $19 000+ to $6500 and everyone is looking for the big reason to explain this.

Of course, anyone who experienced that crash will sure be curious why but since government is still not in the line, we can not blame them.
I think eventhough they announce the regulation plans, it will not be that influential to drag the prices that low.

We blamed the governments for regulations and we blame BCash supporters for selling us out and we have been blaming the Mt Gox guy for dumping the coins on the exchanges, but we have not looked at ourselves. 

I don't.

Did we forget that the price of Bitcoin is based on Supply and Demand and that we have to work hard to grow the demand? There are constantly coins being added from the mining side, but the demand side is not keeping up. Why?

I don't. I know that the prices may be dragged by the majority users within the blockchain.

I think everyone of us is to blame, because we should work harder to, :

~ Approach local merchants to ask if they would accept Bitcoin.
~ Ask Merchants to install a Bitcoin ATM in your area.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin. <Or they will stop doing this>
~ Start using the Lightning Network to fast track the implementation.
~ Get SegWit addresses
~ Help people to invest in Bitcoin. <Open that wallet and give them some Satoshi to play with.

Let's stop blaming others and start working harder to grow the demand, then we will reap the rewards. 

I agree to everything except the last part.
I don't think it is a good idea to just give off coins.
I earn my coins with hard work and that giving it to someone to play is not attractive at all to me.

[Kakmakr]

It is our fault, bitcoin price depends on how people do the market trades, if the holders dump their bitcoin then the price will decrease, the market conditions will depends on the traders because it can't move on their own, the movement is on how people active on tradings.

Well I won't balme it entirely on us since there are circumstances where people can't help but be nervous and sell coins in panic. There are more negative media reports that affect mostly newbies that positive ones and in a way I agree with john mcafee that there will be a time when the rubber will snap back up and it'll be sooner than later

There is no problem if newbies are panicking and selling their coins, because this has happened for years now. The problem is when newbies are not stopping, because the price never goes upward after they bought their coins. When I was first introduced to Bitcoin, the price always went up past it's record price and newbies could have an opportunity to make some money.

Lately, the price keeps on going down, so newbies never gets an opportunity to recover some of their losses and that push them to permanently exit the scene. 

[Vilianms]

What you said makes sense. When Bitcoin's prices become crazy, all people are just selling Bitcoins. After they sell off their bitcoins, they create various false messages for buying Bitcoins,then the prices collapsed and they got what they wanted, but the entire market did become a victim.

[FAT_32]

Not our fault, but there are a lot ofpeople actually selling all theier coins because of the HUGE FUD that is on the market at the moment, so at some point, yes, it wass.

[bering]

indeed we all should be blamed for this situation and some of the ideas seems pretty good but the problem is we as bitcoin users cannot fully free doing everything with bitcoin that i means the regulations still main problem why bitcoin still can't reach highest target to get more demand for example that build ATM or Merchants accept bitcoin that these two things is difficult to do so especially if you're life in the countries who does not admit bitcoin

[newwest]

There is still some time left before Bitcoin is ready to be accepted globally by merchants, we shouldn't hurry in that part. The biggest reason for the start of this price drop is the mt gox trustee. He was selling huge amount of Bitcoins on exchanges directly instead of selling them through OTC.

May be this could be the reason or generally people are doing the panic sell as the expected time when the btc prices should be rising is not happening and thus due to which people feel insecure and started to sell it which is causing some damage to the prices.

[senin]

This is the other side nobody has thought about. We all has a role to play to make bitcoin demand  soar and then there will increase in price which we are all looking for. The suggestion made here if followed will go along where to push up the bitcoin price.

Increasing the price of bitcoin is a false and erroneous, dead-end way. It can lead to nothing good in a global sense. It can only temporarily make certain people rich. And then, it will happen, if they pull their money out of the crypto currency in time. Bitcoin should be used as a means of payment, and not as a means of accumulating value. The higher the bitcoin will rise in price, the closer it will approach its depreciation.