YOSHIE (OP)
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February 24, 2019, 02:08:57 PM |
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You know for now, the price of Bitcoin is slowly falling. Bitcoin prices have dropped nearly 25% this year. If analyzed since December 2018 the price of Bitcoin is very low, last year until now, the price of Bitcoin has dropped 75%. Bitcoin prices for the past half of the month were around 3,428 US dollars, for now the current Bitcoin exchange rate is around 4,185 US dollars. I think that for this there are several main reasons why Bitcon prices and other digital currencies continue to plummet. Factor: 1. Infrastructure in Unregulated Coin / Bitcoin Exchange Rates. reason: this factor is caused by cryptocurrency trading, when Bitcoin transactions or transactions are minimal from the supervision of the form of regulation, which is known to be very strict, for this kind of thing provides an opportunity for investors to store shares freely against Bitcoin.
2. Regulator Factors. Reason: this one factor boosts the value of Bitcoin et al, in the form of Initial Coin activities, it can be said that the initial offer of coins, similar to (IPO), is often done by companies in seeking money / capital. iCO is likely to (startup) raise funds, without being involved by regulators. rate the ICO will violate the rules that there are securities that apply aka scam.
3. Managed by the Community, not by the Government. Reason: Because it is beyond the responsibility of the government, crypto is managed by the community, meaning, in this case it is very vulnerable to weakening. Has a history, let's say Bitcoin was created in January 2009.
4. Alternative factors that are not real. Reason: Bitcoin creators have a purpose and vision that Bitcoin is easier in instant payment transactions in each country, but doesn't have to bother with the exchange rates of currencies that vary from country to country.
I think this is a factor that has a huge effect on Bitcoin for now. There may be other things that in the opinion of friends about the drop in Bitcoin, can share opinions here. The purpose for those who are trading, investing, investors remain positive towards Bitcoin at this time.
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Yaunfitda
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February 24, 2019, 02:14:32 PM |
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Nah, it's just the law of supply and demand.
There are no demand from the market and investors continue to sell-off their bitcoin causing a dramatic fall in the price. I guess that's pretty much sum's up what had happened for more than a year now. At least we're seeing some growth for the past week, a good indicator that demand is rising as the volume trading is almost $10 million already.
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XZERO1
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February 24, 2019, 02:26:50 PM Last edit: February 24, 2019, 07:27:02 PM by XZERO1 |
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crypto market is just highly manipulated right now, at the other hand crypto markets will have way more demand during financial crysis and such.
If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
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hugeblack
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February 24, 2019, 06:43:00 PM |
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Nah, it's just the law of supply and demand.
you have pointed out an important point, in addition to manipulating the price. Manipulation The market is flooded with many shitAltcoins, plus creating more shitStablecoins. The market is now bearish with speculative speculation on BTC/USDT" or any other 1$ cryptos" and a lot of price manipulation. Let's be realistic $ 19 was not a real price and the market is now growing healthy despite the previous crash.
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Anait
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February 24, 2019, 08:00:58 PM |
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crypto market is just highly manipulated right now, at the other hand crypto markets will have way more demand during financial crysis and such.
If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
I don't find it a manipulation, this seems to be a large volume fund transfer or withdrawal from the market circulation by a whale. This has lead to the gradual growth at the $4200 to fall low to $3800 in a very short time period.
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Johnyz
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February 24, 2019, 08:06:19 PM |
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crypto market is just highly manipulated right now, at the other hand crypto markets will have way more demand during financial crysis and such.
If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
Manipulation are still on even if the market pumps again, it canno change easily. The drop before is very hard for everyone but now we have to move on since we are growing again. I think there will be no bottom this year since we already hit it and its time now to pump.
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mrdeposit
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February 24, 2019, 08:24:24 PM |
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3. Managed by the Community, not by the Government. Reason: Because it is beyond the responsibility of the government, crypto is managed by the community, meaning, in this case it is very vulnerable to weakening. Has a history, let's say Bitcoin was created in January 2009.
It was decentralized when it was 20k and will remain so. That is why it is profitable, if it was already managed by the government, we were playing with "pips". Using limits by governments to exchanges can help a little, but volatility will be reduced and I have no idea how pleased we will.
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XZERO1
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February 24, 2019, 08:44:53 PM |
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crypto market is just highly manipulated right now, at the other hand crypto markets will have way more demand during financial crysis and such.
If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
I don't find it a manipulation, this seems to be a large volume fund transfer or withdrawal from the market circulation by a whale. This has lead to the gradual growth at the $4200 to fall low to $3800 in a very short time period. You really think there is just one whale that that does huge transfers or withdarawals ?, There are many whales and groups doing these transfers and withdrawals here and there from every exchange wallet, or from their personal wallet to another wallet daily, there are times like they are trying to buy some cheaper btc so what they do is basically dump some huge amount of btc and push the price lower like 300-400 and when the price is going sideways say for a day or a week they slowly start accumulating more btc in that price range, that's why it is called manipulation. crypto market is just highly manipulated right now, at the other hand crypto markets will have way more demand during financial crysis and such.
If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
Manipulation are still on even if the market pumps again, it canno change easily. The drop before is very hard for everyone but now we have to move on since we are growing again. I think there will be no bottom this year since we already hit it and its time now to pump. Where did I say manipulation is going to go away ?, What I'm saying is when market cap is plummeting at 130B it's way easier to manipulate the market in a way you want, You cant compare this market to the time where it was at 500B market cap, it was way harder back then to change or manipulate the price, because you needed 4x more btc that was around 20k at the time instead of 1/4 btc when btc is around 4k.
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Kopyleft
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February 24, 2019, 08:59:37 PM |
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This are simply reasons why bitcoin fluctuates in value and not factors which are causing the drop in price. The market reacts differently in different situations. There are many factors which causes price movements, but no one can determine the direction. Except of course demand.
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TimeTeller
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February 24, 2019, 10:29:49 PM |
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Nah, it's just the law of supply and demand.
There are no demand from the market and investors continue to sell-off their bitcoin causing a dramatic fall in the price. I guess that's pretty much sum's up what had happened for more than a year now. At least we're seeing some growth for the past week, a good indicator that demand is rising as the volume trading is almost $10 million already.
I think more of this way also. Law of supply and demand. Maybe, there is a lil bit of market manipulation but it will not significantly affect the downfall of bitcoin. Just a bit of downward trend but it will come back again. Remember, giant companies are integrating blockchain within their system and more merchants are now accepting bitcoin and other currencies as payment method. Users are continuously growing everyday. And more people are learning the benefits of crypto. And with that, I firmly believe that we are heading in a positive direction.
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pixie85
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February 24, 2019, 11:01:03 PM |
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The most important factor is the number of exchanged coins. Not many coins are sold on exchanges and it's usually the same coins. Take total supply and subtract lost and abandoned coins, coins traded OTC, coins owned by hodlers, and you're left with 50% or less. The price is based on that amount. If somebody sells 10 thousand coins on exchange there's not enough liquidity for it not to start a cascade and panic and this isn't a big part of total supply. It shouldn't move the price that much.
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MakeMoneyBtc
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February 24, 2019, 11:41:12 PM |
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crypto market is just highly manipulated right now, at the other hand crypto markets will have way more demand during financial crysis and such.
If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
I don't find it a manipulation, this seems to be a large volume fund transfer or withdrawal from the market circulation by a whale. This has lead to the gradual growth at the $4200 to fall low to $3800 in a very short time period. That's exactly what is called a manipulation, when whales move a large amount of funds in order to manipulate the price. During last weeks whales have spread news to manipulate the market to go up and now they sold everything in a few hours, causing the price to drop instantly.
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juragane
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February 25, 2019, 01:38:39 AM |
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Nah, it's just the law of supply and demand.
There are no demand from the market and investors continue to sell-off their bitcoin causing a dramatic fall in the price. I guess that's pretty much sum's up what had happened for more than a year now. At least we're seeing some growth for the past week, a good indicator that demand is rising as the volume trading is almost $10 million already.
market confidence is indeed not good enough. this could be the cause of sluggish demand, especially business players from China are experiencing a decline in performance this can be very influential on the value of bitcoin because there are not many business people who invest in crypto. but this is only a temporary effect which usually when the world economy grows, the demand for bitcoin will certainly increase. things like this in trading are common.
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grifinmch
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February 25, 2019, 03:21:43 AM |
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crypto market is just highly manipulated right now, at the other hand crypto markets will have way more demand during financial crysis and such.
If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
I don't find it a manipulation, this seems to be a large volume fund transfer or withdrawal from the market circulation by a whale. This has lead to the gradual growth at the $4200 to fall low to $3800 in a very short time period. That's exactly what is called a manipulation, when whales move a large amount of funds in order to manipulate the price. During last weeks whales have spread news to manipulate the market to go up and now they sold everything in a few hours, causing the price to drop instantly. Manipulation is painful, but this is what happens, we must be able to read the situation in crypto so that we avoid the whale's trap. The market game does look exciting but this gamble makes us suffer losses if we are not able to read the tricks of the pope itself. So keep calm and be patient, because all of this is only a game that we must manage well.
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leonair
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February 25, 2019, 03:53:25 AM |
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Bitcoin is tradable so the price may vary to the supply and demand of the market so if it goes down obviously someone sold his/her supply to a much lower price, the $73.9 billion market cap. of bitcoin yesterday falled to $67.3 billion now, let's say a whale sold his $6.6 billion worth of Bitcoin that's why the price drops down, yes it's possible but I believe on momentum also because a $6.6billion is a big trade if only one trader did this, I may say a group of traders made this happen and some cryptocurrency trading bot.
Why is it most of the people always say that the price is manipulated when it goes down but when it's going up there's a bull market.
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pooya87
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February 25, 2019, 04:42:35 AM |
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You know for now, the price of Bitcoin is slowly falling.
"slowly falling" means price is losing a couple of percentages every couple of hours and at least goes down 10% per day. do you see that happening? obviously not. all we had was a rise from $3600 to $4200 and then the panic kicked in from people thinking it is a "bull trap" and wanted to get out and price came back down to $3700+ that is not called "slowly falling". Bitcoin prices have dropped nearly 25% this year. If analyzed since December 2018 the price of Bitcoin is very low, last year until now, the price of Bitcoin has dropped 75%.
your percentages are a bit off. this year we had mostly ups and downs not just drop. price started from a drop down to $3100 and went up to $4k and back to $3500 to stay there. and the overall drop is closer to 85% I think that for this there are several main reasons why Bitcon prices and other digital currencies continue to plummet.
the reason for bitcoin price drop is not the same as the reason for altcoin price drops. your reasons don't make much sense to me. you are focusing too much on the "government" while missing the fact that bitcoin is decentralized and things that involve centralization such as regulations are meaningless in the bigger picture.
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figmentofmyass
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February 25, 2019, 05:21:35 AM |
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1. Infrastructure in Unregulated Coin / Bitcoin Exchange Rates. reason: this factor is caused by cryptocurrency trading, when Bitcoin transactions or transactions are minimal from the supervision of the form of regulation, which is known to be very strict, for this kind of thing provides an opportunity for investors to store shares freely against Bitcoin. regulation simply doesn't matter. there was zero regulation whatsoever when bitcoin bubbled in 2011. and that was the biggest bubble to date in percentage growth terms. the idea that regulation is required for the price to grow is a fallacy. 2. Regulator Factors. Reason: this one factor boosts the value of Bitcoin et al, in the form of Initial Coin activities, it can be said that the initial offer of coins, similar to (IPO), is often done by companies in seeking money / capital. iCO is likely to (startup) raise funds, without being involved by regulators. rate the ICO will violate the rules that there are securities that apply aka scam. again, it has nothing to do with regulation. ample regulations already existed around security tokens---most ICO fundraisers just chose to ignore them. the fact is that the bull market ended. all the hype died. people stopped believing they could buy into the latest hot token and become a millionaire overnight. so the market started dumping, which caused investors to start dumping to lock in profits or cut losses. this is how all markets work.
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Idrisu
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February 25, 2019, 07:35:37 AM |
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I was surprised yesterday after bitcoin lose around $300 dollars within twenty four hours. It is another dump that was not expected and it seems some people are ready to keep bitcoin below $4000. I think we should expect more bearish market this year than last year.
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deisik
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English ⬄ Russian Translation Services
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February 25, 2019, 09:05:43 AM |
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1. Infrastructure in Unregulated Coin / Bitcoin Exchange Rates. reason: this factor is caused by cryptocurrency trading, when Bitcoin transactions or transactions are minimal from the supervision of the form of regulation, which is known to be very strict, for this kind of thing provides an opportunity for investors to store shares freely against Bitcoin. regulation simply doesn't matter. there was zero regulation whatsoever when bitcoin bubbled in 2011. and that was the biggest bubble to date in percentage growth terms. the idea that regulation is required for the price to grow is a fallacy I have to disagree with this perspective First of all, we simply can't take 2011 and claim it was the biggest and baddest bubble of all so far. The reason should be obvious. Back then there was no Bitcoin market as such, so it is not quite correct to talk about a bubble. In other words, price could be any as it didn't have any meaning yet across whatever markets existed back in the day Second, you don't specify what kind of regulation you are talking about. For example, if Bitcoin is universally regulated anywhere close to how it is done in Japan (Bitcoin being legally equal to a foreign currency there), that would most definitely contribute to Bitcoin value. To deny this would amount to being in denial
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talkbitcoin
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All I know is that I know nothing.
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February 25, 2019, 09:18:17 AM |
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no "bitcoin factor" has dropped! the only thing that has dropped is the price which was mostly because of the bubble and then because of the panic. and fundamentals are getting stronger every day.
as for regulations i won't say it is ineffective and it wouldn't say it is effective either. obviously it is a force that can affect the market and bitcoin future price a lot but it is nowhere near how some people make it to be. we have seen many cases of regulations leading to big rises like Japan in 2017 which was one of the main reasons for the big rally to the ATH. and we have also seen negative cases of regulation that didn't do anything to price! like China and India in 2017 which despite all their roadblocks people continued buying bitcoin and price continued rising.
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