Bitcoin is crashing due to the falling price?

[RothsCoin]

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Bitcoin has experienced the same thing as many other coins have. However, it is certainly true that Bitcoin is not dead because of some following reasons:

- More people are using Bitcoin
Metrics gauging Bitcoin users and usage all point to a continuous uptrend, albeit with peaks and alleys along the way, just like with any new technology. First, transaction volume per day is probably the most straighforward metric, which is the most important index. Admittedly, the recent drop in volume is significant. However, part of this could be due to the increasing practice of transaction batching, which lowers overall volume.

- Bitcoin will not die although it has fallen to approximately $ 6.000
Although the number of current wallets and addresses is not relevant to the number of users worldwide (because most electronic wallets now consistently generate new addresses and one user can have multiple accounts), it still draws a general picture of the increasing popularity.
Blockchain, one of the most popular Bitcoin wallets, has had a rapid increase in new accounts, with nearly 24 million accounts at the time of writing. In addition, one of the most popular Bitcoin exchanges in the world, Coinbase, has recently reached 20 million users among 35 countries.
With these figures, the number of Bitcoin users is expected to reach 200 million by 2024, according to RT reports.

- The problem of scalability is being resolved well
As Bitcoin experienced a surge in new interest and users, the network became congested, leading to a spike in transaction costs at the end of last year. The adoption of SegWit, a block-weight optimization solution, has not only eased some of the costs for now, but also opened the door for developers to work on layer-two scaling projects.
Specifically, the Lightning Network, as well as other optimizations in the pipeline, such as Confidential Transactions, Bulletproofs is designed to make transactions in Bitcoin and other cryptocurrencies more private and secure, or other optimizations, such as Schnorr Signatures, are expected to make Bitcoin transactions cheaper, faster, and more private in the not-too-distant future

- Hash rate is recorded high
The Bitcoin network hash rate has been constantly climbing to the current record highs. Hash rate is the amount of computing power Bitcoin is using. The current rate is at around 25 million TH/s – a massive amount of computing power. In fact, the computing power required to successfully attack the Bitcoin network doesn’t even exist, making it the most secure and immutable peer-to-peer cryptocurrency network in the world.

It is obviously true that “Bitcoin has achieved a level of computing that no single nation state can overthrow it through computation alone,”.

#Bitcoin
#Rothscoin

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[CAPTEZECC]

Bitcoin has come to stay, it can only deep to go to the moon. People should be wise and librate themselves from financial slavery by learning how bitcoin works and get into the business.

[vladaziya4]

In cryptosphere always about time. Advice for the future, never hurry, the most important thing to learn, analyze and prioritize, you should be very helpful.

[kujaroth]

Bitcoin will stay. Let's just wait until it has recovered and rebounded from it's big leap. What goes up must come down they say. And it has fallen so hard that there will come a time where it goes up again.

[deafmaster]

Thank you so much for this thread. It gave me hope that crypto will stay and will still have a future.

[fiulpro]

I think there are some more reasons to it such as :-

* More investors , more support and more importantly more profit .

* It cannot be duplicated and therefore a more secure network than this can't be created , it cannot be hacked ( personal reasons are different ) .

* It's having so many options , you can change it from crypto to crypto trade it easily and as compared to other currencies it is having so many options that people choose it before anything else, it has the best trading options available.

* It's acceptable by more people and more governments , you cannot expect to make a deal in some new cryptocurrency but ppl can happily accept Bitcoins.

[MountainConqueror]

Can't wait BTC will jump back on the saddle and continue it's glorious rush on the ossified world economy!
As I heard the experts' opinion it will happened at the end of the summer

[Odonko]

Yeah we all testify that bitcoin is going quite down but we hope it rises all over again and take its bull run as many crypto enthusiasts speculate.

[markjamrobin]

This article can reinforce everyone's belief in bitcoin. But if bitcoin continues to fall, they will still feel apprehensive. And although bitcoin is not dead, its value is too low, it will cause huge losses!

[AAfunctionaluppityF]

It's falling to help whales to become bigger. This is the only one reason.
Do not sell now, you will regret soon, a big pump will happens in few days! 

[hacekd]

Bitcoin will stay. Let's just wait until it has recovered and rebounded from it's big leap. What goes up must come down they say. And it has fallen so hard that there will come a time where it goes up again.

we all as bitcoin users have to believe that this will soon be over because of falling prices will be why our assets we have should not bother us.

[alex M]

Yeah we all testify that bitcoin is going quite down but we hope it rises all over again and take its bull run as many crypto enthusiasts speculate.

Yes, I agree. Bitcoin had experience a lot of downtrend but i didnt see it crashing, instead btc can always recover and become more stronger than before. The increasing number of bitcoin users and investors in this crypto business industry are the main players who will make its value to rise again drastically.

[cryptojac17]

Yeah we all testify that bitcoin is going quite down but we hope it rises all over again and take its bull run as many crypto enthusiasts speculate.

Yes, I agree. Bitcoin had experience a lot of downtrend but i didnt see it crashing, instead btc can always recover and become more stronger than before. The increasing number of bitcoin users and investors in this crypto business industry are the main players who will make its value to rise again drastically.

Yeah there is no doubt bitcoin more experiencing downtrend than going up trend that's  why the price is so drastically going  down because of weak hands they holding  Bitcoin but feel panic they easily dump when they  feel that  the price is going up a little bit. Because bitcoin will  only follow  the law  of supply and demand.

[suraza21]

Some of the floors managed by the Japanese authorities have been swiftly adjusted," said the newspaper, adding that the floor would stop accepting new customers and reviewing the identity of the people. use the current after receiving the request from Financial Services Agency "measure is new news about bitcooin we should mind

[cryptomite]

I always keeping myself calm by telling, that bitcoin was much cheaper few years ago and nobody knows about it so comparing to that the price is not low after all.

[50ouncebrew]

Bitcoin is not crashing, what we are seeing now is a normal price drop that is expected to happen after the kind of bull market that we had at the end of last year and at the beginning of this year. Prices will most likely drop further down than this before it will start to pick up again to go into the next bull so everyone should brace themselves for the worst

[ajqjjj]

It is always good for the long term holders so some dumps are occur in the market. Just turn off the internet and take rest for one or two weeks automatically this will be maintain a green. But I am only talking about sudden dump and continuous fall is raise in anytime because we don't predict the exact growth of Bitcoin.

[bungutko]

In my opinion, bitcoin is crashing probably because of some whale investors manipulation of price, FUD and negativity of the the social media news. Due to bitcoin that is volatile in nature, this is why it's affecting the btc market in particular. Also, since the start of the bearish market, people were already holding their btc's and lesser had been buying btc meaning it has a lesser demand since people are still waiting for it go down further before they are going to buy more btc.

[cryptotaste007]

Bitcoin will stay in the universe till blockchain survive. It is running based on this basic technology. It may crash sometimes but will back with the course of time.

[bittraffic]

Bitcoin is crashing due to the falling price and Price is falling because bitcoin is crashing right?   

It happened every time bitcoin goes up, there is always price correction while the whales are trying to buy cheaper coins. This I think is just what is going on here. Everybody knows bitcoin will bounce back and even if the price is more than $5000, people will still buy. Pulling the price down is logical for those big investors so they can buy back too.