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Author Topic: Why did the value of BTC prices so low ?  (Read 185 times)
Thai19
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February 05, 2019, 05:58:41 AM
 #1

anyone please explain help me! Why are BTC prices so low?  Cry Cry Cry
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February 05, 2019, 06:07:41 AM
 #2

Simply because bitcoin's price rose so much in 2017, that it was pretty much a year-long bull market. Take a look at the charts on coinmarketcap[1] alone. On January 1, 2017, bitcoin's price was at somewhere around $750, whereas it peaked at around $19,500 in December, in the same year. People were getting in, wanting to be rich; and when there wasn't enough money left to enter the market? People started selling.

tldr; bitcoin was extremely overhyped in 2017. Now the prices hugely consolidated, getting a good number of the get-rich-quick investors out of the market.


[1] https://coinmarketcap.com/currencies/bitcoin/

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February 05, 2019, 06:15:31 AM
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Simply because bitcoin's price rose so much in 2017, that it was pretty much a year-long bull market. Take a look at the charts on coinmarketcap[1] alone. On January 1, 2017, bitcoin's price was at somewhere around $750, whereas it peaked at around $19,500 in December, in the same year. People were getting in, wanting to be rich; and when there wasn't enough money left to enter the market? People started selling.

tldr; bitcoin was extremely overhyped in 2017. Now the prices hugely consolidated, getting a good number of the get-rich-quick investors out of the market.


[1] https://coinmarketcap.com/currencies/bitcoin/

So the price of BTC can be down to about 300 USD?
Should I buy and wait for the price to increase.
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February 05, 2019, 06:37:22 AM
 #4

So the price of BTC can be down to about 300 USD?
Should I buy and wait for the price to increase.
Bitcoin going down to $300 ? There is possibility of that happening, but highly improbable at least IMO.

About buying or waiting for further decline, No one knows the right time to buy or not, the only guide is your interpretation of the current Bitcoin price, Do you think Bitcoin is currently overpriced or underpriced at ~ $3,455 ? 

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February 05, 2019, 06:50:05 AM
 #5

So the price of BTC can be down to about 300 USD?
Very unlikely to happen but technically possible.

Should I buy and wait for the price to increase.
You ask yourself. You're the one investing not us. We have literally no idea where the price is going, so no one can say with guarantee if right now is the right time to buy or not.

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February 05, 2019, 06:54:58 AM
 #6

Simply because bitcoin's price rose so much in 2017, that it was pretty much a year-long bull market. Take a look at the charts on coinmarketcap[1] alone. On January 1, 2017, bitcoin's price was at somewhere around $750, whereas it peaked at around $19,500 in December, in the same year. People were getting in, wanting to be rich; and when there wasn't enough money left to enter the market? People started selling.

tldr; bitcoin was extremely overhyped in 2017. Now the prices hugely consolidated, getting a good number of the get-rich-quick investors out of the market.


[1] https://coinmarketcap.com/currencies/bitcoin/

So the price of BTC can be down to about 300 USD?
Should I buy and wait for the price to increase.

I really doubt that this is going to happen very soon.  Grin  I get a lot of people coming to me for advice on when they should start buying coins and at what price and my answer is always the same : "If you wait and continuously postpone the decision to buy some Bitcoin, you will probably never take that step."

People are looking for huge profits from low risk and that is not what Bitcoin is all about. The risk-takers are the people who are making the most profits.  {Early investors took the biggest risk, when they invested in this technology, when there were no indication that it would reach a price of $19 000 in 2017 and they were rewarded with the most profits for the risk they took back then.}

Remember one thing, you do not have to buy a whole bitcoin, you can buy a few Satoshi and build up your investment over time. <Buying $10 worth of Bitcoin every month for instance>  Wink

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February 05, 2019, 07:01:00 AM
 #7

Because there are so many people selling btc on their possesion, people started sell them out because after btc price hit the roof then fall slowly then, “making little money instead losing it”.
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February 05, 2019, 07:19:08 AM
 #8

It is very difficult to know the exact reason why the price of bitcoin dropped so much or is dropping sporadically,but in my opinion,the major reason is due to the fact that there is less demand for the bitcoin at this very time,and less investors,the higher the investor,the higher the price

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February 05, 2019, 08:35:04 AM
 #9

anyone please explain help me! Why are BTC prices so low?  Cry Cry Cry

That's a lot of explaining to do, one of the reason why BTC price is low is due to some big correction.

If you were able to invest last 2017, everyone is happy with what they are seeing, you won't see complains that time and some even think there
will be another pump and will break the ATH again, resulting BTC to rise further to $100,000.

Everyone is very positive during the bull, but here we are now, we've experience a massive sell out and that's what you called correction.

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February 05, 2019, 08:47:28 AM
 #10

The mystery behind why the price of bitcoin went low has just been unraveled mate.
You can go through this thread and find out
https://bitcointalk.org/index.php?topic=5105528.0

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February 05, 2019, 02:21:38 PM
Merited by CryptopreneurBrainboss (1)
 #11

There are many reason why bitcoin is so down from 2017. Most countries are banning icos and taking out legal measures for crypto. The 2017 was a hyped year. In crypto market there are whales who manipulate price easily and create fomo. The illegal activities are also being supported by cryptocurrency. Most icos in today date are scam. Scamming has become easy through crypto market.
But slowly everything in crypto market is being recovered. So we don't have to worry about so much. Just keep calm and hodl and you will see a recovery in price.

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February 05, 2019, 03:24:20 PM
 #12

I really hope it will recover soon, I have a friend who lost $150k of property.

There is difference between investment and gambling and your friend gambled. You should avoid gambling like this and invest your saving in 3 to 5 products including Bitcoin.
To counter your investment in Bitcoin , you can invest in product that can have low gains but no risk.

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February 06, 2019, 12:24:02 PM
 #13

Simply because bitcoin's price rose so much in 2017, that it was pretty much a year-long bull market. Take a look at the charts on coinmarketcap[1] alone. On January 1, 2017, bitcoin's price was at somewhere around $750, whereas it peaked at around $19,500 in December, in the same year. People were getting in, wanting to be rich; and when there wasn't enough money left to enter the market? People started selling.

tldr; bitcoin was extremely overhyped in 2017. Now the prices hugely consolidated, getting a good number of the get-rich-quick investors out of the market.


[1] https://coinmarketcap.com/currencies/bitcoin/

So the price of BTC can be down to about 300 USD?
Should I buy and wait for the price to increase.

Theoreticaly it's possible for the price to reach 300 USD, but I don't believe this will be the case in my opinion. But my opinion is not the provision of the future.
You should be the one deciding when you feel comfortable to invest. The money is yours

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February 07, 2019, 02:24:32 AM
 #14

The 2017 bubble burst, sideways action for a while then the next bubble grows. Rinse and repeat.

Of course, it *may* be a more gradual rise/decline in the future but it seems that Bitcoin (and more generally crypto) sees its hype come in waves.
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February 07, 2019, 03:00:05 AM
 #15

Bitcoin price is low because of the law of demand and supply. Back in 2017 the demand of Bitcoin was high, hype on Bitcoin was everywhere, that made the average investor to Hodl their Bitcoin thereby reducing the supply in the market and the price of Bitcoin responded to that by rising but since January 2018 till date the demand of Bitcoin have reduced drastically due to FUD there's more sellers than buyers in the market and the price again have responded by declining. In simple terms, when supply is more than demand (more sellers than buyers), price decline and when demand is more than supply (more buyers than sellers), price increases.

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February 07, 2019, 03:23:36 AM
 #16

The 2017 bubble burst, sideways action for a while then the next bubble grows. Rinse and repeat.

Of course, it *may* be a more gradual rise/decline in the future but it seems that Bitcoin (and more generally crypto) sees its hype come in waves.

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February 07, 2019, 05:40:51 AM
 #17

Generally there has been this trend of long decline in cryptocurrencies not only for bitcoin. The causes of the long value low is as a result of whales trying to buy to themselves the wealth of the masses. In 2015-2016 what we saw in the history of Bitcoin was a slight demand which make it price increase and in 2017-2018 early these whales manipulated the market to their own favour. So, we are waiting for whales to come in before the price soar, else the low continue.

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February 07, 2019, 06:29:33 AM
 #18

As an investment commodity, BTC has risen and fallen, it is normal, and the profit is cashed out.

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February 07, 2019, 06:56:00 AM
 #19

So the price of BTC can be down to about 300 USD?
Should I buy and wait for the price to increase.
It's possible but I don't see that happen in the next few months. Everyone seemed to believe that we have reached the bottom and although the bear market's still here, you still have enough to decide whether to wait or buy now.

We're going to see the recovery status and don't expect for the quick pump like what happened on 2017. Buy if you think that $3,400 is an ideal and the lowest price that you can avail.

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February 07, 2019, 09:54:08 AM
 #20

Looking at the bitcoin chart from the last ten years, the price has increased exponentially in a very short space of time.
When you look at it from the hight of 2017, the price would be on the decline. The market pump of 2017 was a bubble and could not be maintained at the point in bitcoin's history, so the value corrected.

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