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Author Topic: Bitcoin Market is down.  (Read 5754 times)
philipma1957
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September 10, 2018, 05:05:09 PM
 #501

At this time it was really a difficult time for crypto whose price was getting worse. I think this is a correction, but why is the price as low as this, and I am very confused that holding it for now is still a good choice or not.

It is simple  a 4 cent power guy makes money on gear today right now.

So he buys cheap miners from bitmain in  bulk driving price downwards.



Group By:  Difficulty  Day  Week  Month
Date   Difficulty   Revenue   Profit   Return
2018            0
9-11 – 9-19 (9 days)   7019 G   18.58   18.39   18.39
9-20 – 10-3 (23 days)   7159 G   25.31   25.06   43.45
10-4 – 10-17 (37 days)   7302 G   24.45   24.2   67.65
10-18 – 10-31 (51 days)   7448 G   23.6   23.36   91.01
11-1 – 11-14 (65 days)   7597 G   22.77   22.54   113.5
11-15 – 11-28 (79 days)   7749 G   21.95   21.73   135.3
11-29 – 12-11 (93 days)   7904 G   21.15   20.94   156.2
12-12 – 12-25 (106 days)   8062 G   20.37   20.16   176.4
12-26 – 1-8 (120 days)   8224 G   19.6   19.4   195.8
2019
1-9 – 1-22 (134 days)   8388 G   18.85   18.66   214.4
1-23 – 2-5 (148 days)   8556 G   18.11   17.93   232.4
2-6 – 2-19 (162 days)   8727 G   17.38   17.21   249.6
2-20 – 3-5 (176 days)   8902 G   16.67   16.51   266.1
3-6 – 3-19 (190 days)   9080 G   15.98   15.82   281.9
3-20 – 4-1 (203 days)   9261 G   15.29   15.14   297
4-2 – 4-15 (217 days)   9446 G   14.63   14.48   311.5
4-16 – 4-29 (231 days)   9635 G   13.97   13.83   325.4
4-30 – 5-13 (245 days)   9828 G   13.33   13.19   338.5
5-14 – 5-27 (259 days)   10025 G   12.7   12.57   351.1
5-28 – 6-10 (273 days)   10225 G   12.08   11.96   363.1
6-11 – 6-24 (287 days)   10430 G   11.47   11.36   374.4
6-25 – 7-7 (300 days)   10638 G   10.88   10.77   385.2
7-8 – 7-21 (314 days)   10851 G   10.3   10.19   395.4
7-22 – 8-4 (328 days)   11068 G   9.726   9.629   405
8-5 – 8-18 (342 days)   11289 G   9.166   9.075   414.1
8-19 – 9-1 (356 days)   11515 G   8.618   8.531   422.6
9-2 – 9-15 (370 days)   11746 G   8.08   7.999   430.6
9-16 – 9-29 (384 days)   11980 G   7.552   7.477   438.1
9-30 – 10-12 (397 days)   12220 G   7.035   6.965   445.1
10-13 – 10-26 (411 days)   12465 G   6.528   6.463   451.5
10-27 – 11-9 (425 days)   12714 G   6.031   5.971   457.5
11-10 – 11-23 (439 days)   12968 G   5.544   5.488   463
11-24 – 12-7 (453 days)   13227 G   5.066   5.016   468
12-8 – 12-21 (467 days)   13492 G   4.598   4.552   472.6

you are fighting cheap gear supply

Ie 388 usd s9j units are killing you.

Big power guys are expanding like mad driving mining profits down.
And they have to sell coins fast to pay for expansion
this will continue until bitmain stops selling s9j miners  at stupid cheap prices.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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ogtejiri
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September 10, 2018, 06:03:26 PM
 #502

it is really scaring and painful when today one takes a look at the price of bitcoin and cryptocurrency and you see the price has gone down a great deal. the whole bitcoin market is down as we see bitcoin and other cryptocurrency face fud and attacks from all angles but i strongly believe in the upcoming months we will see bitcoin and other cryptocurrencies rise again.
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September 10, 2018, 06:34:45 PM
 #503

I hope that will happen. I see that every year prices continue to rise, hopefully this 2018 price will match the price of last year and in 2019 prices will really rise high

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September 10, 2018, 07:09:52 PM
 #504

At present the price of bitcoin is indeed in a downtrend, we cannot avoid this situation which is based on many FUDs, the game of bitcoin prices from greedy whales for personal gain and a decreased level of public trust in bitcoin.
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September 10, 2018, 07:45:15 PM
 #505

Yes, now the situation with the price of bitcoin is really disappointing, but I understand that all this is temporary and we can still wait for the price increase.

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September 10, 2018, 08:13:31 PM
 #506

Volatility is a normal phenomenon for bitcoin, this year was really difficult for him, but I do not see any reason to panic, as the price will rise in any case. It always has.
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September 10, 2018, 08:23:55 PM
 #507

Yes the price off bitcoin in the market is going down, don't be panic because that's normal there's a time that going down and there's a time that going up we cannot avoid that situation we need to be patience and wait to the good price.
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September 10, 2018, 08:26:44 PM
 #508

2015 until the end of 2017 seems Bitcoin did a great job in the market.
This 2018 is not a good year but we will see in the last quarter of the year.
as we see on the graph the better for BTC before closing the year.
I really hope we can bounce back before it ends and open the new year much better than 2017 did.

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Cryptocb
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September 10, 2018, 08:37:53 PM
 #509

Bitcoin market price has been struggling for over five months ago, to balance back to the 2017 November December price, which every body are currently expecting the movement for a position change.
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September 10, 2018, 08:38:34 PM
 #510

The market has been down for quite a long time and this has been going on since the beginning of the year. Bitcoin market is down and their have been a lot of sell offs and this made the price to go down. We believe in the future that bitcoins price would surely rise again
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September 10, 2018, 08:52:59 PM
 #511

Actually, I'm really not too nervous if bitcoin really goes down and it's also pretty because I realize that this mysterious bitcoin will increase the same as before. I actually sometimes feel plus expect that this bitcoin has a miracle.
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September 10, 2018, 09:18:04 PM
 #512

I am waiting for bitcoin at $ 3,000 and want to buy it but doubt it and think to invest at least part of it now !
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September 10, 2018, 09:24:07 PM
 #513

Yes, the bitcoin price is much lower than in 2017, I'm in a state of hold and worry, hoping that by the end of 2018 the bitcoin price will rebind in the market to its true value.




I think we have most of 2018 to be bearish and hope that the rally will soon begin to bring us to the end of the year.
There are many attacks and threats to bitcoin from various governments and organizations. This attack brought a lot of negative sentiment to the market which was the reason why prices continued to fall.
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September 10, 2018, 10:39:36 PM
 #514

Yes, the bitcoin price is much lower than in 2017, I'm in a state of hold and worry, hoping that by the end of 2018 the bitcoin price will rebind in the market to its true value.




I think we have most of 2018 to be bearish and hope that the rally will soon begin to bring us to the end of the year.
There are many attacks and threats to bitcoin from various governments and organizations. This attack brought a lot of negative sentiment to the market which was the reason why prices continued to fall.
I think that the current state of the crypto-currency market has a real culprit, and governments or countries that do not want to legalize the crypto currency have come to their senses, and this happened through the fault of the same crypto-currency users, only those who keep large volumes of crypto currency in their accounts.
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September 10, 2018, 10:59:55 PM
 #515

I have heard about this but i don't believe in bad things like this because all failures are temporary, the main thing is that btc and ether have great potential and they can be used as currency, our main one
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September 10, 2018, 11:21:14 PM
 #516

I also hope like that, and I still believe that it will happen with bitcoin having a higher price than the price at the end of 2017, and we just need to be patient.
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September 10, 2018, 11:33:19 PM
 #517

The continuously up and down of the value of the bitcoin is the sign of that bitcoin is going to survive through this hard time bitcoin is not going to die.
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September 11, 2018, 12:58:03 AM
 #518

This year has been a bit challenging for bitcoins as well as Ether to survive. Bitcoins are facing a quite low price now and also i think that most of the investors have taken their money off bitcoins.

Here is the graph showing us the price for bitcoins from 2009 to 2017


We all know that bitcoins really pumped a lot in 2017 but from the starting of 2018 bitcoins are low. A lot of FUD was been created and bitcoins really faced a lot of difficulties. Price for bitcoins at the starting of 2018 has been low similar to the year 2017.
I really hope that the price for bitcoins can again show us immense growth as it showed in 2017.


This year is really challenging and i hope that this bear market will not lead to the death of crypto currency. I believe in crypto currency and i know that my investments will earn soon.

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September 11, 2018, 02:34:56 AM
 #519

Yes, the bitcoin price is much lower than in 2017, I'm in a state of hold and worry, hoping that by the end of 2018 the bitcoin price will rebind in the market to its true value.




I think we have most of 2018 to be bearish and hope that the rally will soon begin to bring us to the end of the year.
There are many attacks and threats to bitcoin from various governments and organizations. This attack brought a lot of negative sentiment to the market which was the reason why prices continued to fall.
I think, indeed in 2018 bitcoin experienced a very drastic decline. hopefully next year will rise again because this failure is temporary.
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September 11, 2018, 02:40:45 AM
 #520

This is no news when the price of Bitcoin falls. Since the creation of Bitcoin, it has seen a lot of falls which are followed by rises. The journey of every cryptocurrency is not a smooth one. What matters is the cumulative performance of the coin on the market. Despite the falls of Bitcoin this year, Bitcoin is still better in value and price than it was last year by this time.

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