The harmful affect of a continuous downward movement of the Bitcoin price.

[Ridwan Fauzi]

it's really not a happy situation when something that you invested on just continuously dips.  you invest because you want to earn, not lose.

If you understand the concept of investment, I'm sure you won't say that. Investment is indeed a place to get profits, most people even everyone wants it. However, in fact not all forms of investment will benefit you. You have to go through several processes so that you can make a profit, and now, the cryptocurrency market is experiencing a decline so this is a reasonable risk you face.

[basyang]

Price go up and down, and I have not seen any market that do not undergo a complete market cycle, it is just that in the life of Cryptocurrencies this cycle seems to be short and fast as compared to traditional market because it is much more bigger than Crypto. I personally don't have any fear, the only concern I have is not having much more money to buy more BTC, there would be a time that to hold one BTC will be a huge success for the holder

Same as you, I also do not have any fear when the price is falling though I am disappointed when the price is low may money is also decreasing. Well, for me the harmful effect of downward movement of Bitcoin price is the way of thinking of the users, the more it will fall more people are talking about its dead and its not useful to the crypto world because upward and downward is normal cycle of bitcoin.

[Shiversnow]

Most people would agree that it would be more beneficial for the price of a stock/commodity/currency to slowly go up, rather than continuously going down.

Investors <short-term> are looking at a potential investment, where they can be motivated to invest more money into that investment, because the profit <carrot> is held in front of them, because the price is continuously going up. This is what happened prior to 2017 and that is why investors dumped large amounts of money into Bitcoin. <Back then, the price pattern showed a continuous upward trend>

Now, with the price constantly going down, investors are sceptical to invest in Bitcoin and some short-term investors are pulling the plug.

Even if you are not interested in Bitcoin as an investor and you are just buying bitcoins to use as a currency, then a continuous downward movement in the price is more heart breaking, because you are getting less value for the bitcoins that you bought the day or the week before.

Even merchants hate a downward spiral of the price, because they will lose profit, if they are not using a payment processor to convert the coins to fiat currency.

On the way down a lot of people panic and they sell at a loss and these people will lose confidence in the currency/commodity and they will never invest in Bitcoin again.

We need a slow upward trend to get us back on track or this will go down in flames.  

The price is unstable and many of us are afraid to invest during this time. Bitcoin can give us benefits and risking is part of it, many people are telling that bitcoin is dead which is not true. There is some negative effects but we have to acceptit if we are really determine to achieve our goals in bitcoin. I know that despite of its price, its still able to give opportunities for everyone who wants to join and invest.

[gabmen]

Price go up and down, and I have not seen any market that do not undergo a complete market cycle, it is just that in the life of Cryptocurrencies this cycle seems to be short and fast as compared to traditional market because it is much more bigger than Crypto. I personally don't have any fear, the only concern I have is not having much more money to buy more BTC, there would be a time that to hold one BTC will be a huge success for the holder

Same as you, I also do not have any fear when the price is falling though I am disappointed when the price is low may money is also decreasing. Well, for me the harmful effect of downward movement of Bitcoin price is the way of thinking of the users, the more it will fall more people are talking about its dead and its not useful to the crypto world because upward and downward is normal cycle of bitcoin.

Well yeah, it's mainly about the new investors being afraid to get in the market. Especially seeing how far down we've come. But that can't be helped. You either see things on a positive light or you avoid getting into it. I see it as a good entry sign especially when it's going consistently downward.

[BitHodler]

Well yeah, it's mainly about the new investors being afraid to get in the market. Especially seeing how far down we've come. But that can't be helped. You either see things on a positive light or you avoid getting into it. I see it as a good entry sign especially when it's going consistently downward.

Common sense would help too, because everything that goes up a lot in a relatively short period of time, will come down just as hard--we're basically going through a reverse bull market where people couldn't guess the top.

People right now continuously fail to call the bottom, so it could be a very good thing to wait before entering the market if you're too afraid to even dollar cost average the market down.

I can't blame people for being cautious even though we consider current levels to be great entry points. Most people tend to buy only when prices are going up, so they'll enter the market at a later point anyway.

[Kemarit]

Well yeah, it's mainly about the new investors being afraid to get in the market. Especially seeing how far down we've come. But that can't be helped. You either see things on a positive light or you avoid getting into it. I see it as a good entry sign especially when it's going consistently downward.

Common sense would help too, because everything that goes up a lot in a relatively short period of time, will come down just as hard--we're basically going through a reverse bull market where people couldn't guess the top.

People right now continuously fail to call the bottom, so it could be a very good thing to wait before entering the market if you're too afraid to even dollar cost average the market down.

I can't blame people for being cautious even though we consider current levels to be great entry points. Most people tend to buy only when prices are going up, so they'll enter the market at a later point anyway.

And then we hear them bitching around the forum saying that they're late in the party but continue to buy it anyways, they really didn't learn their lessons.

If they're afraid and not comfortable then don't enter. But what I don't like hearing is those complaining specially noobs saying that they have miss the opportunity again.

[1Referee]

People right now continuously fail to call the bottom, so it could be a very good thing to wait before entering the market if you're too afraid to even dollar cost average the market down.

I can't blame people for being cautious even though we consider current levels to be great entry points. Most people tend to buy only when prices are going up, so they'll enter the market at a later point anyway.

It depends on your time horizon. In most cases people here aim for quick profits, and at the same time buy at the wrong time. In other words, what will happen is that the price goes up, noobies buy, price fails to break through resistance, and it comes back down. First people blame manipulators, then they'll blame Bitcoin for being slow because their shitty transaction didn't confirm within 10 seconds, and then they blame the exchange for being slow. 

I remember how people were saying that if the price would fall down to $10,000 again that they would load up on Bitcoin hard. These people are nowhere to be seen right now. Every $100 that the price drops makes them think that the price will continue to drop, which is why they wait with buying. It ain't easy being a rookie here, especially when you don't understand the fundamentals of Bitcoin and markets in general.

[Finestream]

Well yeah, it's mainly about the new investors being afraid to get in the market. Especially seeing how far down we've come. But that can't be helped. You either see things on a positive light or you avoid getting into it. I see it as a good entry sign especially when it's going consistently downward.

Common sense would help too, because everything that goes up a lot in a relatively short period of time, will come down just as hard--we're basically going through a reverse bull market where people couldn't guess the top.

People right now continuously fail to call the bottom, so it could be a very good thing to wait before entering the market if you're too afraid to even dollar cost average the market down.

I can't blame people for being cautious even though we consider current levels to be great entry points. Most people tend to buy only when prices are going up, so they'll enter the market at a later point anyway.

Right.It's hard to make people understand that what's happening today could be the best entry point for crypto investment as they will start buying potential coins at their favorable prices.I think what matters in crypto is your faith.If you really don't believe in crypto,then you will always be afraid of taking risks.

[Vanshenz]

right, we know that most people who buy bitcoin are to invest / seek profits. if at this time the price of bitcoin is decreasing, it is certain that investors are increasingly retreating because they do not want to lose more.
if this decline continues, then I can't imagine what will happen to bitcoin.

[DAVETUN]

The long downward movement of  BTC  will have a negative impact on the acceptance and the use of  BTC, several investors will loss trust in the coin, as most people are skeptical about the existence and  the assuranc eof when the bull run will commence, BTC  is the currrency of this age. Do not panic.

[shoreno]

The long downward movement of  BTC  will have a negative impact on the acceptance and the use of  BTC, several investors will loss trust in the coin, as most people are skeptical about the existence and  the assuranc eof when the bull run will commence, BTC  is the currrency of this age. Do not panic.

It does not bring negative impact but actually it can bring positive impact because many people will be attracted and are willing to invest if they see that the value of btc and other cryptos is falling  .

People wont only believe in btc if they see that it got a high value because they think that it is a joke or a scam  .

There were also others that hate the dip . like me i only prefer that btc will rise forever because i wanted to earn huge profits  but its slightly impossible to happen .

[BitHodler]

I think what matters in crypto is your faith.If you really don't believe in crypto,then you will always be afraid of taking risks.

If your faith is based on fundamentals, then sure, but most people "believe" in crypto while they don't understand why these things have value in the first place. Strong believe during rallies, no believe during bear markets.

Bear markets seperate those who are here for the fundamentals from those who only want to profit from crypto. I like that. These noobs are completely lost during bear markets. They can only profit when things go up like they did in 2017.

Everyone is an expert on the way up with how difficult it is to lose money when coins continue to pump for months straight. It's easy to "believe" in something when it goes up, and that applies to most people here.

[horrifiedx1]

The long downward movement of  BTC  will have a negative impact on the acceptance and the use of  BTC, several investors will loss trust in the coin, as most people are skeptical about the existence and  the assuranc eof when the bull run will commence, BTC  is the currrency of this age. Do not panic.

this condition will certainly improve later, along with the good news about bitcoin. I think a lot of investors are holding usd, and are targeting the right position to buy BTC again. what is certain is that we are sure that later bitcoin will rise so that there is no need to worry, just test our psychology for that

[yusupjatigumilar]

It's really heartbreaking after I read what you said, now the downward trend is dominating the market where selling activities are very strong compared to buying activities, it's true what you describe that bitcoin today requires a turning point from a downward trend and slowly forming an upward trend or everything will be destroyed. Many investors decide to sell their bitcoins and of course that triggers the price to move deeper lower again and continues to trigger other things that make prices fall further.

[Hivalley]

The bitcoin price has never been stable and it can go either way,whether up and down,that being said,volatility is a component of the network.
Patience is necessary for one to survive,those who hope to get rich immediately are most times disillusioned with the end results.
Bitcoin should be both s means of transaction as well as an investment option.
Those selling their bitcoins do not really undertand the reason behind the bitcoin

[awik p]

It's really heartbreaking after I read what you said, now the downward trend is dominating the market where selling activities are very strong compared to buying activities, it's true what you describe that bitcoin today requires a turning point from a downward trend and slowly forming an upward trend or everything will be destroyed. Many investors decide to sell their bitcoins and of course that triggers the price to move deeper lower again and continues to trigger other things that make prices fall further.

I hope the price will not continue to fall, because this will affect the mentality of the bitcoiners, which will reduce their confidence, which results in selling simultaneously and making prices worse. therefore building trust by presenting positive news will be more useful to form a turning point in price movements

[biskitop]

it is possible that this industry will disappear if the price of bitcoin does not immediately recover. okay if you can say that there are many other coins with better projects, but remember, bitcoin is the parent of the crypto market. all will depend on bitcoin.

[Kakmakr]

It's really heartbreaking after I read what you said, now the downward trend is dominating the market where selling activities are very strong compared to buying activities, it's true what you describe that bitcoin today requires a turning point from a downward trend and slowly forming an upward trend or everything will be destroyed. Many investors decide to sell their bitcoins and of course that triggers the price to move deeper lower again and continues to trigger other things that make prices fall further.

I hope the price will not continue to fall, because this will affect the mentality of the bitcoiners, which will reduce their confidence, which results in selling simultaneously and making prices worse. therefore building trust by presenting positive news will be more useful to form a turning point in price movements

The problem is that positive news does not have the same impact as all the negative news. Investors in a high risk investment like Bitcoin are very sensitive to bad news. They cut and run very quickly, at the slightest indication of bad news. Most of the shills know this and they capitalize on the trigger happy Bitcoin traders to panic when they spread their negative FUD!

The Bitcoin market is saturated with speculators and the price is centre to their existence. A low price shifts Bitcoin use from being a currency, to being a tradable commodity that needs to be hoarded.    

[Kevin77]

Negative news doesn't have that much of an affect neither ?

I know people attribute this new fall to CBOE EFT deal however if you look at the historical data, you can clearly see that even before CBOE EFT got withdrawn from contention the price was already dropping and around these levels which means that wasn't the cause. Hence, we can clearly see that the ETF we were all waiting so much didn't get accepted and the price didn't even budge, which means we are not in a bad situation right now, yes positive news are not making the price go higher however negative news are not making it go lower neither. We are just stuck here for time being and will be here until something major changes in crypto.

I doubt neither going down or going up would have any affects on long term price right now, we can be $3k or $4k today and it still wouldn't change the future of bitcoin.

[bonker]

If the price fell too much then you can buy more bitcoins with the money what you have so just take it easy!

Looks like harm for now but in the end of 2019 we may see some huge bump....[shhhhhh]