noisybit
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October 02, 2018, 05:22:29 AM |
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In my opinion, the cause of bitcoin prices dropped due to unstable market conditions, and many countries have banned bitcoin, but I am sure that in the foreseeable future bitcoin prices will rise again.
And in my opinion this can last a long time because in some countries it has legalized and fully supported bitcoin, and now many companies are transacting using bitcoin.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Affilate User
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October 02, 2018, 05:56:47 AM |
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I think the main reason why the price of bitcoin collapsed like this might be traders who are easily panicked and there is bad news from someone being hacked, some say they lose bitcoin they have and some other bad news that makes bitcoin prices fall because of traders the panic secured their assets.
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Barbarian
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October 02, 2018, 09:35:23 PM |
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Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?
The market is going to remain in this way for a very long time, if your brother is so worried about the money that he invested that he is so affected by this that even his health is at risk then that means that he invested money he could not afford to lose which is a mistake that is unforgivable in this market. |
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yonjitsu
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Activity: 476
Merit: 100
www.daxico.com
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October 14, 2018, 12:16:41 AM |
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The low demand of people into bitcoin can lead to bitcoin's market price to fluctuate. While others are also selling their bitcoin at a lower price especially the whales, then the price also fall down as the supply increases too. To sum it up, bitcoin's market price will surely fall down if there is a low demand of people to bitcoin while there is a high supply of bitcoin.
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Question123
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October 14, 2018, 02:41:50 AM |
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When you started this topic last february and now is october, 7 months ago and until the market are dumping price . They experiencing 9 months of dumping price and that is long time and I think we need to stop this dumping and start pumping again.
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olumyd
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October 14, 2018, 07:45:35 AM |
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It's h4igh time we got used to the idea that cryptocurrency may have settled for its real worth. Besides, without a question of doubt in my mind, crypto has been exaggerated with no particular use case parameter to justify their current market capitalization. Okay, let's adjust that a little. Apart from trading, only a few cases are reported of crypto utility, and it's mostly bitcoin, Eth, and dash. Other crypto rely on these to make up the gigantic market cap.
So to answer you question. Without a bull-run crypto (bitcoin to be precise) will keep going down except utility improves. And utility will not improve until regulation sets in. Regulation will not set in until governments can understand the true value of crypto. Government can't understand as they can see too many variables that will hamper on already established policies... And they are hung up on ICO regulations, crackdown or ban. Can you see where it's going now.
For bitcoin to survive, another bull run will need to occur to lure in another set of naive investors.
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ngocdhbk2
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October 15, 2018, 03:48:28 PM |
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Follow me on the rules of development for any product or item as well as Bitcoin. There are 3 elements that are. Growth and development and degradation so is Bitcoin too. It will return to the state of development. The $ 50,000 price tag that many people mention can happen when Bitcoin breaks its own record.
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samycoin
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October 15, 2018, 09:49:05 PM |
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Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?
Many things are the reason why the bitcoin price is down. Panic selling is the number one next fud news and so on I think much better if all cryptocians learn to be patience and manage it well their investment. Always look the market before we invest and don't invest if you can't afford to lose. |
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iMark
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October 16, 2018, 03:02:48 AM |
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It is just due to the big turbulence and volatility that the market is showing. I am sure it will change and become better in the future.
I feel the same sadness because the price does not improve yet, but that does not mean that there will be no change, stable and weak price changes like the current condition are normal in the crypto market due to price volatility. but we dont know this situation will be change, just be patient and wait for the chance |
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altercreed
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October 16, 2018, 05:36:45 AM |
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Current events, hardforks, FUDs, negative news, low demand of people are only some of the reasons why bitcoin's market value goes down. But since it's volatile asset, it will not stay for a long time too as it is bound to rise at any point of time.
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liseff3
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October 16, 2018, 07:27:27 AM |
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The decline in bitcoin prices has been worse in recent months. This thing may be due to the existence of negative assumptions in most communities, that this cryptocurrency has no fundamental value, and is considered to have a bad reputation. This negative assumption, mostly triggered by poor media coverage. This bad reputation, of course can inhibit the benefits of innovation in it so that this can create an unfair competitive environment and prevent people to reap potential benefits. In the minds of many people especially people who are still laymen, bitcoin has always been associated with drugs, terrorist financing, and money laundering. I think this wrong assumption can slow down the growth of adoption, so the government will continue to strive to set high regulations and is considered not suitable for banking. I think this kind of negative perception of course can encourage most of the concerns among the people. So what I have mentioned, maybe this is one of the main factors.
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KingdomHearts
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October 16, 2018, 12:47:18 PM |
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It is just due to the big turbulence and volatility that the market is showing. I am sure it will change and become better in the future.
I am a firm believer that noone would know what bitcoin can do in an hour let alone for a long term period. However I feel like whenever bitcoin seems like it will go up something bad happens and the result is always the same. Whenever the market is going towards bull and we are seeing some greens in a row for couple days (maybe a week max) than the price goes down all of a sudden because someone who holds a lot of bitcoin probably wants to get out while we are ahead. Until those mtgox trustee and similar huge amounts are gone we are not going to see a market that's green for a long time. Eventually it will be alright tho. |
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Turst1974
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October 17, 2018, 12:08:15 PM |
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It's h4igh time we got used to the idea that cryptocurrency may have settled for its real worth. Besides, without a question of doubt in my mind, crypto has been exaggerated with no particular use case parameter to justify their current market capitalization. Okay, let's adjust that a little. Apart from trading, only a few cases are reported of crypto utility, and it's mostly bitcoin, Eth, and dash. Other crypto rely on these to make up the gigantic market cap.
So to answer you question. Without a bull-run crypto (bitcoin to be precise) will keep going down except utility improves. And utility will not improve until regulation sets in. Regulation will not set in until governments can understand the true value of crypto. Government can't understand as they can see too many variables that will hamper on already established policies... And they are hung up on ICO regulations, crackdown or ban. Can you see where it's going now.
For bitcoin to survive, another bull run will need to occur to lure in another set of naive investors.
I think the main reason for bitcoin down is low demand and trust of the people. Lots of investors lost their money after collapsing bitcoin in the first quarter of this year and then many investors withdrew their money or converted to Altcoin. They believe no more in bitcoin, although they were wrong but that collapse became the main reason for bitcoin price fall. |
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Domicbora
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October 18, 2018, 08:42:34 AM |
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Follow me on the rules of development for any product or item as well as Bitcoin. There are 3 elements that are. Growth and development and degradation so is Bitcoin too. It will return to the state of development. The $ 50,000 price tag that many people mention can happen when Bitcoin breaks its own record.
Definitely bitcoin will break its own records but how and when. People are tired of waiting for so long. Now about 8 months passed that bitcoin price didn’t improve a little bit and many of us are impatient and cannot for more. Now it should be go up and people should trust it the most and put their money in it. Otherwise it will lose its current position in the crypto market. |
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patispace
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Activity: 183
Merit: 11
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October 24, 2018, 12:24:51 AM |
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Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?
It is evident that all this great turbulence in the market can not have another origin than the great speculation that has been generated by new risk capitals investing in the bitcoin looking for easy and fast profits, without worrying about the technological development behind each cryptocurrency. But the good thing about this great correction is that many speculators will move away from cryptocurrencies due to this great volatility and a more stable market with more moderate growth rates could be expected. |
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South Park
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October 24, 2018, 04:19:32 PM |
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The reason for the decrease in the price of bitcoin is not a mystery for everyone that takes the time to watch the news or to watch the markets, the demand went down it is as simple as that, we were in the middle of a bubble and sooner or later it would had pop and now that the bubble has disappeared we were left with the real demand of bitcoin and this made the price to go down.
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Seeker#9
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October 25, 2018, 01:18:31 PM |
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After a big uptrend last 2017, bitcoin price go down continuously for almost a year now with only some few upticks or short price risesbefore its downtrend. The bitcoin is seem to be stabilized at $6000 to $7000 range. Bitcoin prices always suffers downturn after peaking, then rebounded, then suffered a long-term collapse shortly. But it will stay this long time bitcoin has its own time for bullrun. Investors' sentiments is one of the reasons why bitcoin price go down.
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Baronggot
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October 26, 2018, 07:07:40 AM |
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Investors who are selling their bitcoin holdings including whales can be the reason why bitcoin price is going down. Now, as the price goes down, more (especially those newcomers) will panic and will eventually sell their bitcoin holdings too.
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oicieffive
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October 27, 2018, 09:18:26 AM |
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Follow me on the rules of development for any product or item as well as Bitcoin. There are 3 elements that are. Growth and development and degradation so is Bitcoin too. It will return to the state of development. The $ 50,000 price tag that many people mention can happen when Bitcoin breaks its own record.
Definitely bitcoin will break its own records but how and when. People are tired of waiting for so long. Now about 8 months passed that bitcoin price didn’t improve a little bit and many of us are impatient and cannot for more. Now it should be go up and people should trust it the most and put their money in it. Otherwise it will lose its current position in the crypto market. Yes that is a fact that people are already waiting for a long long time, I hope that they can even wait for some more time, they are still confident about bitcoin that its price will again raise to 20k and even it will continue increasing more and more. |
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