10th Birthday, Bitcoin Price Is No Longer Exciting ?

[nicunicu]

How was the response about the bitcoin economic market for 10 years which experienced an increase and decrease ?

Bitcoin will soon celebrate its 10th birthday. However, this achievement was slightly tarnished due to its downward trend.

The Wall Street Journal reported, in 2017, the price of digital currencies launched in 2008 had surged to 1.375% because investors and traders were interested in Bitcoin.

However, the price of the most popular digital currency has fallen considerably until the third quarter of 2018. The price of Bitcoin has dropped more than 60% from the highest price last year, according to Coindesk data. Last week, the price of Bitcoin had gained 4%.

The overall cryptocurrency market is worse: the combined market value of all crypto currencies plunged 13% from the previous quarter, down from US $ 255 billion to US $ 221 billion on Friday, according to CoinMarketCap.

This decline was contributed by a decline in the market value of large digital currencies. Ether, which is used in the ethereum network, dropped 51% each and Bitcoin Cash and EOS dropped 28% respectively.

Lately it has been difficult for Bitcoin to attract new buyers or even retain old buyers who are mostly disappointed with the price.

According to Blockchain.info, the average transaction price in quarter III-2018 reached 217,000 digital coins. This figure is far below the average daily transaction in the fourth quarter of 2017 of 319,000 coins.

The initial coin offering market (ICO), which allows investors to buy digital tokens such as bitcoin to be developed or offered in the future, is equally insecure. The ICO market has raised US $ 12 billion this year, according to data from research company Diar and TokenData, about double that of 2017.

However, the company calculates that 70% of the current projects have fallen from the price when the ICO was completed. Maybe this is what affects the difficulty of increasing the price of bitcoin on its 10th birthday because the average "ico will decrease by 50% after launching

[Indrawan77]

Well a lot of new investors that just started to invest last year now experienced a bitter lost, a lot of them frustrated because their investment decrease more than 50%, but for the early adopter we see a good rising price, although this year got a bit stagnant but bitcoin seems on a good track

[davis196]

The initial coin offering market (ICO), which allows investors to buy digital tokens such as bitcoin

What the hell are you talking about?Bitcoin is NOT a token.You should read more and educate yourself before making such statements.ICOs have little to do with bitcoin.We are all familiar with all that info about the bitcoin price being down and "crashed" after the ATH.Your post is nothing but whining and negative thinking.

[houjinglong]

To know that bitcoin is a product of human beings, not human beings, it does not have a theory of birthdays, you have to distinguish them separately. In fact, the ups and downs of the market are normal, which is a long process of development. You should wait patiently for the opportunity.

[dothebeats]

ICOs and bitcoin aren't really two complementary things. Bitcoin started out as an obscure coin for most people on the internet with only a few enthusiasts really grinding down the gears. It is then that it had picked up value after a year or so of trading and transacting and ICOs weren't even available back then. Also just like the halving of block reward, bitcoin's 10th birthday doesn't seem to influence nor motivate traders into buying more and more of the said coin, so yeah, it's not that exciting but certainly not a sign of a dying coin.

[nicunicu]

ICOs and bitcoin aren't really two complementary things. Bitcoin started out as an obscure coin for most people on the internet with only a few enthusiasts really grinding down the gears. It is then that it had picked up value after a year or so of trading and transacting and ICOs weren't even available back then. Also just like the halving of block reward, bitcoin's 10th birthday doesn't seem to influence nor motivate traders into buying more and more of the said coin, so yeah, it's not that exciting but certainly not a sign of a dying coin.

I think bitcoin and ico are complementary, because some ico use ethreum, which is where every benchmark price of bitcoin rises then all the prices of ico will go up, as bitcoin goes up .Eth also increases along with the erc20 group. thank you for providing information that ico and bitcoin do not complete

[Kemarit]

I don't see any correlation between bitcoin market and ICO though. Well, they're part of the same ecosystem but nothing more. Its obvious that the price we witnessed last year was due to FOMO and thinking that the market is a get rich quick scheme. This year is different which investors learning from their past mistakes and getting smarter by the day. And we can't say that its no longer exciting, many are just waiting from the outside and will go back to the ecosystem once there's some sort of good news that will turn this market around. But altcoin market is different though, many scams projects, ETH losing its grip, projects dumping their ETH to recover the cost of their operations, EOS becoming competitor, etc.

[olubams]

I don't see any correlation between bitcoin market and ICO though. Well, they're part of the same ecosystem but nothing more. Its obvious that the price we witnessed last year was due to FOMO and thinking that the market is a get rich quick scheme. This year is different which investors learning from their past mistakes and getting smarter by the day. And we can't say that its no longer exciting, many are just waiting from the outside and will go back to the ecosystem once there's some sort of good news that will turn this market around. But altcoin market is different though, many scams projects, ETH losing its grip, projects dumping their ETH to recover the cost of their operations, EOS becoming competitor, etc.

There is actually a correlation if we look at it in a deep way that goes beyond being part of an ecosystem. In the past when the ICO market was receiving the hit, it rub off on the price of bitcoin itself because as they are carrying out their own individual publicity, a fresh investors who sees how interesting the potentials of such project will have to invest in only going through the purchase of bitcoin first and they are indirectly advertising bitcoin but today, what we don't get to see such 'free advertisement' as before which whether we admit or not, the effect of that is also rubbing off on price.

[cryptocrusher]

If you would have told anyone 10 years ago that one day bitcoin would be worth $6000+ they all would've been amazed and bitten your hand off for such an offer. In 10 years time we might be able to say the same again, I would say that's pretty exciting.

[eaglewhite80]

Well a lot of new investors that just started to invest last year now experienced a bitter lost, a lot of them frustrated because their investment decrease more than 50%, but for the early adopter we see a good rising price, although this year got a bit stagnant but bitcoin seems on a good track

Those who are frustrated did that because they never even took the chance to understand the reason why they are investing in the first place. Not like they had no reason but it was a wrong one, considering that all they were after is just a way to want to get rich over night.

I believe if most people took the chance to at least try as much as possible to ensure that they are well informed with what the past held, and where we are now and the possibilities of a great future, they will never have any reason to be frustrated and worried. Like you said, in your last sentence, we are still on a good track, as at least, where are not where we used to be and that is what I call progress.

[arpon11]

If you would have told anyone 10 years ago that one day bitcoin would be worth $6000+ they all would've been amazed and bitten your hand off for such an offer. In 10 years time we might be able to say the same again, I would say that's pretty exciting.

That has been my view too.  Bitcoin has makes significant progress in pricing since inception and $6,000 and above was not in our thoughts some years back. We really have to appreciate ourselve and bitcoin were it is today.  If not for anything but that it remains stable above $6,000 and $5,000.
10years of survival is not a small thing.  There are many discovered that come up like this and today there have no values . We should celebrate and be happy.  I know many have lose money and this will keep happening as far as the human system remain.

[Kakmakr]

The ICO and Crypto currency Ad ban on the major social media platforms has definitely made a huge impact on the decline in the price. The conversion from Alt coins and tokens to bitcoins helped to boost the Bitcoin price in 2017.

We lost one source for the push in the price, but it is being replaced by something a lot bigger. This replacement will be the influx of institutional capital from investment platforms like Bakkt. I am still very optimistic that things will turn around and that Bitcoin will reach the Moon. 

[The Sceptical Chymist]

However, the company calculates that 70% of the current projects have fallen from the price when the ICO was completed. Maybe this is what affects the difficulty of increasing the price of bitcoin on its 10th birthday because the average "ico will decrease by 50% after launching

I don't see the logic behind this statement.  Most ICOs shouldn't even exist, because they're either outright scams or based on creating a solution to a problem that doesn't need a blockchain solution.  The tokens fall in value because the people who invest in them are most likely not true-believers in the project but speculators looking to get out as soon as they can--and that has nothing to do with bitcoin.

The initial coin offering market (ICO), which allows investors to buy digital tokens such as bitcoin

What the hell are you talking about?Bitcoin is NOT a token.

Token, coin, digital asset, whatever.  The main mistake in the above quote is that the ICO market doesn't allow people to buy bitcoin.  It allows them to buy the shitty ICO tokens, which should NOT be equated with buying bitcoin.

[giacatluong]

Although the price is not attractive to investors by the time of 2017.But this price with investors this time is ideal.We do not think the 10th anniversary of the Bitcoin price will increase. Its price is not higher than before, but the potential of the fire is still possible with Bitcoin at any time.Then it is attractive for each time you invest in it.

[Harkorede]

However, this achievement was slightly tarnished due to its downward trend.

I don't doubt that's actually true. The revolution bitcoin has created and development thus far can't be tarnished, not even by the down trend.

Lately it has been difficult for Bitcoin to attract new buyers or even retain old buyers who are mostly disappointed with the price.

It can only be said only for those who are either shortsighted at technology or Are in it solely for the temporary benefits. 70% Of those you refer to as "Old buyers" are probably from mid 2017 and I would rather refer to them as opportunist.

[Capt00]

Although the price is not attractive to investors by the time of 2017.But this price with investors this time is ideal.We do not think the 10th anniversary of the Bitcoin price will increase. Its price is not higher than before, but the potential of the fire is still possible with Bitcoin at any time.Then it is attractive for each time you invest in it.

I don't think so if the price of Bitcoin last year is not attractive to the investors as I remember 2017 last year, bitcoin price rapidly increased in the market at the last quarter of the year. I think this year, Bitcoin price having a lot of struggle itself that drastically downtrend in the market due to a lot of people wanted to manipulate the market. Since they have earned a lot of profit on this strategy they repeatedly their works that make bitcoins price stable in the market until now. Indeed, we are still lucky of 10 years existence in bitcoin we can still make a profit.

[bettercrypto]

Some investors think bitcoin as less exciting as last year due to lower price. But, don't you ever think that bitcoin is not originally intended for investment. It's originally designed as a new payment system functioning as digital cash that has no central authority. However, crypto enthusiasts treated bitcoin as an asset due to high-risk high -return investment making early holders.of bitcoin really rich.

[tonlong]

Satoshi's original Bitcoin whitepaper is 10 years old today.We witnessed Bitcoin not yet come back and show the power of a powerful king in the crypto market.The price was still $ 6,330 slightly disappointing for many.

[hildacitra]

Well a lot of new investors that just started to invest last year now experienced a bitter lost, a lot of them frustrated because their investment decrease more than 50%, but for the early adopter we see a good rising price, although this year got a bit stagnant but bitcoin seems on a good track

The latest or new investors that just started investing in Bitcoin are not on a proper time, they most experienced a bitter lost as you said because since the last of 2017 the movements of bitcoin price is not significantly increase. It is all just about time, it should be appreciated the decision of dealing with bitcoin.

[ngano ba]

As the bitcoin pass its 10 years , it is also in the timing that the market is falling down and the price value of bitcoin and other altcoin is falling down , that is why some investors are not more excite of the value of bitcoin , but we shall also appreciate the things the bitcoin has done to  many people and giving them the oppurtunity to improve their life.