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haroldtee
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August 06, 2018, 09:27:42 AM |
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Precisely! The money that could be spend in Bitcoin, is being wasted into scam projects.
Well, that is the decentralized world we are in presently. I believe no smart money will be investing in scam projects anyway, so let's assume all those spent on scam projects to be fool's money (no offense!) and asides that, I believe this market will grow more than it is today when possible regulation starts kicking in, which still does not change it from being decentralized, but at least will help put some law in place as it is really needed whether we like it or not. A lot of investors (or will I say some present whales) may not like that, considering the entrance of institutional money in the market which actually do have its advantages and disadvantages with most of it being better growth and market maturity compared to the huge fluctuations that we have now. And with that, there is still enough money to fly around eventually. With respect to the OP, apparently, we are still in a bear trend and we really would not need a soothsayer to know the bottom has not been hit yet and we would still get to see some long period of consolidation as well which when we put all these together is not just some few months thingy. However, it is still the long run that matters anyway. |
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matchi2011
Sr. Member
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Activity: 1456
Merit: 267
Buy $BGL before it's too late!
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August 06, 2018, 10:33:43 AM |
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The main obstacle why bitcoin didn't touch $ 20,000 soon was because of the many negative news, when prices went up there were a lot of negative news that made the issue that bitcoin prices would drop so it suggested selling immediately so bitcoin was difficult to rise like last year.
It's because there's a lots of panic sellers and they wanted to gain easy money, when they seen the value rise a little they sell it out without waiting and this small movements really affects the current bull run as another person will sell too, a chain reactions and makes the bull run to get its corrections again and just repeat itself from time to time. |
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gabmen
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August 06, 2018, 11:59:35 AM |
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The main obstacle why bitcoin didn't touch $ 20,000 soon was because of the many negative news, when prices went up there were a lot of negative news that made the issue that bitcoin prices would drop so it suggested selling immediately so bitcoin was difficult to rise like last year.
It's because there's a lots of panic sellers and they wanted to gain easy money, when they seen the value rise a little they sell it out without waiting and this small movements really affects the current bull run as another person will sell too, a chain reactions and makes the bull run to get its corrections again and just repeat itself from time to time. Well it's given that weak hands and panic sellers are pretty much one of the main reasons why we've gone down so drastically but i think it's bound to happen anyways. Whales took huge profits, the bandwagoners saw their capital dwindle drastically and before we know it, we're back to this price range lol. |
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AlvinJetton
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August 09, 2018, 10:15:59 AM |
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Bitcoin will definitely hit 20000$ mark but it will need some more time I guess an the market is very volatile so nothing can be said for sure. But according to the rise and fall it may hit the mark in end of 2019 or first of 2020.
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JohnCallahan
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August 09, 2018, 10:31:10 AM |
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I don't think ICOs is the main reason behind the price drop. When the price drop started many people had panic. They started to sell coins which is one of major reason behind the price drop. Bitcoin may hit 20k but i think if will take long time.
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RalphNorman
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August 09, 2018, 10:48:18 AM |
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I think the news of ETF was the influence behind the price drop. Then many people sold their coins which created more supply than demand and the price was decreasing. This is the time many investors will invest and i think the price will rise.
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PG13
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August 09, 2018, 01:06:00 PM |
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Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
New ICOs will help the whole cryptocurrency bring more money and as the top coin of bitcoin it can help to increase their popularity because in every advertisement of ICOs they use cryptocurrency and that's bitcoin has attached on it being the king of crypto. Don't blame ICOs for the downfall of bitcoin and their are many reasons why this bearish market happens. |
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Btchunter3333
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August 09, 2018, 01:18:54 PM |
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Hi. I think bitcoin will reach over 20000$ faster than 6 months. And i also think ETF will be approved this year. Just don't dump your bitcoins now.
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Hamstead
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August 09, 2018, 03:37:27 PM |
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Hi. I think bitcoin will reach over 20000$ faster than 6 months. And i also think ETF will be approved this year. Just don't dump your bitcoins now.
ETF really helping bitcoin not to grow today and it really makes people always moaning for their loss. Ain't gonna be new to us, but the dips we are facing now seems to be not good at all. We have started last December and until now the price isn't moving high. |
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TetraSquad50
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August 10, 2018, 01:29:31 PM |
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Many people was thinking that bitcoin is going to surpass 50k USD. But now i think it will be quite hard to hit 20k USD. Without a massive bull run these won't happen soon.
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HitMarshall67
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August 10, 2018, 02:15:51 PM |
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BTC will hit $20000 but not too soon. It will take some time. Recently even the price dropped a bit. frequent coin changers are making this disruption in the market. Everybody should hold tight and trade carefully.
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WhiteCrown57
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August 10, 2018, 02:21:13 PM |
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In my perspective BTC is not growing because the people who are holding it are scared of the crypto market now and selling it. That’s why it is going down I guess.
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Febo
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August 10, 2018, 05:51:14 PM |
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big investors are needed. There is no continuity in investments. short-lived sell-market is not moving. also there are too many cheaters. many ICOs have failed. People are afraid to invest. governments do not show a positive attitude towards cryptography.
Even if it goes to 10k level now, the market is accelerating at a great rate. 20k levels yes very nice but not realistic. There are not enough investors to keep the 20k level going. if the supply-demand balance has to be in a certain continuity.
I dont know how you mean many ICOs have failed. Yes many ICOs failed to collect enough founds to run their project . It is normal. Go to kickstarter and you will see is same. But when you say this it looks like the project collected money and spend it and not delivered. That is totally impossible for ICOs happened in 2017 and 2018 and ways majority happened at that time. You cant really deliver anything in just a year. Only projects delivering are the ones that had product working before and made ICO just to collect extra money. and even for those 1 year is nothing. ICOs of 2017 will fail in 2020. Yes there were also ICOs in 2015 and 2016. Those will fail earlier, but are in so small numbers compared to 2017 and 2018. It is perfectly fine that people are afraid to invest. This is speculative investment for super rich angel investors that know that most of their investments will fail. IT is normal they are afraid to invest. Luckily everyone that invest here is investing with money that can easily afford to lose. |
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valentinen39
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Activity: 308
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August 11, 2018, 05:33:03 PM |
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The main obstacle why bitcoin didn't touch $ 20,000 soon was because of the many negative news, when prices went up there were a lot of negative news that made the issue that bitcoin prices would drop so it suggested selling immediately so bitcoin was difficult to rise like last year.
It's because there's a lots of panic sellers and they wanted to gain easy money, when they seen the value rise a little they sell it out without waiting and this small movements really affects the current bull run as another person will sell too, a chain reactions and makes the bull run to get its corrections again and just repeat itself from time to time. In my own opinion, bitcoins will still hit $20k dollars this year, there are a lot of panic sellers today but still it will grow even more before the year ends due to legalization of cryptocurrency in other countries. |
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osasshem
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August 11, 2018, 07:05:24 PM |
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Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
At the other hand, when there is weed next to a death, there will be competition between them, and if the weed is not there, the growth of the tree will be less competitive. I don't really think its the increase of ICOs that is the cause of bitcoin not going to reach that heights. 2017, bitcoin strock a point that was not expected, no one knows what it has in stock for this year. |
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slyfox
Member
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August 12, 2018, 02:57:11 AM |
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Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
No, icos grew in price when the market was hot and the market was hot because investors were putting their money in bitcoin and they decided to invest in all kind of speculative coins not understanding why they were doing, if what you said was right icos should be dominating the market now and growing like we have never seen them before, but the opposite is happening with icos barely reaching their soft caps and trading way below their ico price after they are listed in an exchange. |
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xcajun21
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August 12, 2018, 03:30:24 AM |
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Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
No, icos grew in price when the market was hot and the market was hot because investors were putting their money in bitcoin and they decided to invest in all kind of speculative coins not understanding why they were doing, if what you said was right icos should be dominating the market now and growing like we have never seen them before, but the opposite is happening with icos barely reaching their soft caps and trading way below their ico price after they are listed in an exchange. Yes, that is true. I recently read an article about ico. Basically only a handful of icos made it far enough. I recently looked at ico stats and the statistics were not so bright for much of the recent ICO's. In a sense, projects attracted attention to crypto space because it looked innovative, a fintech revolution. Thus, people invested in ICO's but the ICO's teams don't invest in Bitcoin alternatively. So yes, lots of link between two subjects. |
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maumaugurin
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August 28, 2018, 12:36:30 AM |
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I cannot completely agree with you.The growth of Bitcoin was never dependent on any ICO and nor shall it ever will. There will always be fluctuations in the cryptocurrency market and we have to accept them as investors. I don't thing that ICO is the reason behind Bitcoin's price not reaching 20k dollars.
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BigTeeths
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August 28, 2018, 03:03:31 AM |
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No, my friend. We don't have that enough support right now to make it to the $20k mark. But I know that we will be able to recover more than $12k by the end of December to at least show the world that our market our still alive and will continue to survive as long as we are here.
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