Market confidence in bitcoin.

[Kittygalore]

Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?

As far as I have observed all other coin or the so called alternative also decreases the value. Bitcoin is the king, so if the reigning king is down the others will also will. Strategically speaking holding and buyingore bitcoin as of today is a great idea to do, because of its low value, and afterwards the price will rise because of the continuous approval and acceptance gained from banks and government of different countries.

[@bamaricibo]

I always believe in BTC, this is the market that can give us the highest profit, and now they are seriously depressed but probably will grow back in the future.

[Harrisonimo]

Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?

As much there might be the choice of switching to other altcoins for the purpose of profit and activities, the bitcoin is still a major determinant of most altcoin price movement. As bitcoin increases, so will the altcoin values too increase. The proportion of increase can then vary with respect to the coin you are hodling. For now, I do see all having same static movements. Only instant traders do take profits at the slight dips and increase too.

[yhan2x]

since the year started all of the crypto currency price at the market decrease deeply. but i think altcoins and incoming ICO's can't beat bitcoin. because the market price always depends on bitcoin price if it will increase/decrease.

[Desscount]

Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?

no, i guess that's just your assumption. if it happens as you say, chances are there are plenty of alternative altcoins that will grow and rise. but the fact is that all crypto synchronously follows as the bitcoin decreases. I think this has happened in the past few years on a scale of decline.

[112tigra112]

Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?

I think that this is true because so many people have lost their confidence in Bitcoin and cryptocurrencies in general, many guys even have quitted from here, selling everything they had.

[bogdasha07]

I personally believe that it is too early to panic. We all know that high volatility is one of the main characteristics of this market. A lot of experts strongly believe that we will see a significant increase in BTC price by the end of the year. I also hope that it will happen.

[Kate Beckett]

I think that the crypto-currency market will become more stable when bitcoin will be sold for goods. Bitcoin has properties characteristic of securities, but does not fully fit into this category - it does not generate interest, dividends or capital gains. Therefore, the market can not be completely confident in it.

[bohr]

Yes, indeed, now the cryptocurrency market is a trend of a prolonged decline. And many blame it on bitcoin. I wouldn't be surprised if they choose another alternative coin soon that can replace it.

The price is not going down because some inherent aspect of bitcoin, the price went down thanks to the speculators that at first were buying bitcoin for a very expensive price and then they realized they made a mistake and began selling, there is nothing wrong with bitcoin and those losing confidence in it are the ones that never had too much confidence to begin with, and you are incorrect, no coin is going to replace bitcoin in the short or middle term.

[ninabobo]

Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?

not as you say, the recovery of the market will take a long time. and for investors and experience traders must have known this. the market does not experience saturation but rather the effects of past correction. I think maybe in the next year we can see the real growth

[ngalamunan]

Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?

the decline is currently still running and there is no way to go so quickly. bitcoin decreases it because many friends prefer coin other than bitcoin. because they see that bitcoin always decreases and does not rise again

[Akpuv]

At present, Bitcoin leads the way for every other cryptocurrency. If the price of Bitcoin continues to decline or the confidence drops, it may not necessarily make investors to want to switch to other currencies. In fact, most people may choose not to invest at all pending when Bitcoin confidence bounces back. For other cryptos to have a real chance of investment in their direction, then Bitcoin market should be healthy.

[joshy23]

Yes, indeed, now the cryptocurrency market is a trend of a prolonged decline. And many blame it on bitcoin. I wouldn't be surprised if they choose another alternative coin soon that can replace it.

The price is not going down because some inherent aspect of bitcoin, the price went down thanks to the speculators that at first were buying bitcoin for a very expensive price and then they realized they made a mistake and began selling, there is nothing wrong with bitcoin and those losing confidence in it are the ones that never had too much confidence to begin with, and you are incorrect, no coin is going to replace bitcoin in the short or middle term.

Good approached. it's those who never have a time to understand the principle of bitcoin and trading business who loses their confidence not the project itself, bitcoin was cheaper before and because of its popularity it gains to much attentions and more investors and followers, bad thing is those who come and joined without proper knowledge are those who became victims by experienced traders who already knew how the market works.

[etsonarrantes]

Bitcoin is the first of all, father of coins. It started from nothing and it did catch nearly $20.000 and now found hic way. The price is stabilised between $6000-$7000 and all the market agreed with the price. And this situation makes public trust. The time has come and the BTC will replace with the paper money soon..

[detector]

The current value is the real market so it's different when you compare bitcoin value with last Nov 2017.
That moment when bitcoin ethusiast reach their highest peak but for now, I can see bitcoin still consistent on $ 6000++ , it's still high value so I still believe on it !

[futile-resistance]

Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?

The bitcoin if not very stable but still was atleast at a stagnant and semi stable state in till april 2017 with mean being around 2000$ but then stuck the wannacry ransom ware and the ransoms were needed to be paid with bitcoins , the demand of bitcoin buying increased massively and the demand to supply ratio was effected and hence bitcoin’s rates touched a new high , also it attracted new investors and buying continued due to which bitcoin even saw a mark of 20k$ but as of now the situations are being stable and the rate can stay around 6000$ for the time being until anything else happens due to which the demand to supply ratio changes again. Well its my opinion.

[BaraxLo]

I read, 80% of the coins being dumped now are from long term holders, they want OUT!

There are more sellers but who will buy or mine Bitcoin at such high prices

I think what you heard might be wrong. If it was so then there would have been a massive dump and the price would have gone way more down that it has gone now. This might be just another temporary correction and we should probably wait another week or two to see whether the market gets stable or not.
If you see the history of BTC you can see that the same pattern repeats again and again. Once the wave has completed another wave starts and the prices starts shooting up. Just wait for the right time.

Exactly if 80% of the coins were to be dumped then the rates would have been affected highly due to the supply being more then the demand but that not being the case whatever he said can be neglected, but also the fact that bitcoin’s fall from 20k$ to 6k$ means at some point there was a panic selling of bitcoins which indeed caused the downfall of the coin to such a rate, whatever be the reasons, bitcoin trading won’t end anytime soon.

[addeqt]

You know what do critics says, bitcoin is so volatile, it change its price dramatically. But as you can see bitcoin price nowadays doesn't change a lot not even swing from 20% in a single day or week. Thus, where are those critics that says the price is volatile that they don't wish to invest in it. But as the price stables, there are fewer investors coming in. I cant see the point in there, when the price is almost stagnant, there were few investors. But when the price vary a lot day by day, there a bunch of investor try to buy bitcoins as many as they want. I hope the confidence doesn't depend on the price, it is in the thinking of one.

[collision00]

I think if the network still need Bitcoin administrations, the market will even now certainty whatever and anyway bitcoin costs. For the time being on, appears bitcoin is in downtrend and maybe the store is moved to alt coins. In any case, if there is new financial specialist who contribute on bitcoin, it is conceivable the cost will be upward.

[Pantastikman]

I understand that we are seeing a dry season now, for several weeks already. But if you will study and research the history of Bitcoin activity for the last several years, you will see this happen again and again. You just need to be very patient and has a strong belief in Bitcoin, its technology and its future. Once this dry season ends, the rise of the Bitcoin value will be epic, and it is going to happen soon.