Bitcoin factors drop in 2019 and now.

[deisik]

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

That's what I'm telling

It all depends on what kind of regulation we are talking about. If this regulation is about making our lives easier (read, it is overall in favor of Bitcoin), then it is going to help Bitcoin, as simple as it gets. But if it is more about putting grit in the Bitcoin "dream" machine, then such regulation will hurt cryptocurrencies (just as simple). The days when regulations didn't mean anything (like in 2011 when Bitcoin was virtually unknown) are long gone

[figmentofmyass]

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.

i think these are all just indications that 2017 was a raging bull market. no matter how many roadblocks we saw in china and india, nothing could stop it, for the same reason that bad news never ends a bull run.

i also think japan granting licenses to exchanges in 2017 was a reaction to the booming industry/demand, not the cause of it. it probably fed into the hype but we were already experiencing a bubble at that point. it was headed higher no matter what.

[wendiar19]

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.

i think these are all just indications that 2017 was a raging bull market. no matter how many roadblocks we saw in china and india, nothing could stop it, for the same reason that bad news never ends a bull run.

i also think japan granting licenses to exchanges in 2017 was a reaction to the booming industry/demand, not the cause of it. it probably fed into the hype but we were already experiencing a bubble at that point. it was headed higher no matter what.

Bitcoin price movements in 2017 are different from the price differences that occur at this time because nowadays there is a lot of bad news circulating in Bitcoin and many do not provide support or are afraid to buy bitcoin again.

[figmentofmyass]

i think these are all just indications that 2017 was a raging bull market. no matter how many roadblocks we saw in china and india, nothing could stop it, for the same reason that bad news never ends a bull run.

i also think japan granting licenses to exchanges in 2017 was a reaction to the booming industry/demand, not the cause of it. it probably fed into the hype but we were already experiencing a bubble at that point. it was headed higher no matter what.

Bitcoin price movements in 2017 are different from the price differences that occur at this time because nowadays there is a lot of bad news circulating in Bitcoin and many do not provide support or are afraid to buy bitcoin again.

what bad news? and how can you assume we're in a bear market because of some news stories?

you're onto something when you say "people are afraid to buy bitcoin again". that's the bear market mentality. it's not any particular news item or another. it's just the fact that we're in a bear market. demand is at extreme lows. no one is interested---especially because of the price trend. supply is strong because price has been crashing for a year straight. that's it.

i just saw samsung's announcement that they're adding crypto key storage to their next line of phones. great news right? price doesn't care, not a bit. if anything it dumped a several hundred bucks. that's the bear market for ya lol.

[Juggy777]

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.

Hey I'm not surprised by the dump as we all should have seen it coming, people these days tend to sell quickly as soon as Bitcoin prices rises. I believe most of these people who sold had brought it at 3300$ levels, and they got their profits and return now they'll dip in and buy again at lower prices. I'll agree with you as this dump may just revive the bear mode, that many thought was over after the recent pump.

[deisik]

what bad news? and how can you assume we're in a bear market because of some news stories?

you're onto something when you say "people are afraid to buy bitcoin again". that's the bear market mentality. it's not any particular news item or another. it's just the fact that we're in a bear market. demand is at extreme lows. no one is interested---especially because of the price trend. supply is strong because price has been crashing for a year straight. that's it.

i just saw samsung's announcement that they're adding crypto key storage to their next line of phones. great news right? price doesn't care, not a bit. if anything it dumped a several hundred bucks. that's the bear market for ya lol.

It feels like you expected more from the last price action

And now that we are back to the roots, so to speak (though not fully yet), it seems that you have lost hope (and most certainly not you alone) and resigned yourself that these prices in this range (3-4k) may be for long. But as the saying goes, when hope dies, action begins, so maybe it is the right time to move to something else other than trading? Though it may be not what you would like to hear

[magneto]

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.

I don't think that most of these factors that you list actually had much of a tangible impact on the price drop in recent months.

The most important factor here is the fact that 2017's bull market was completely unsustainable, and given that bitcoin prices generally move in cycles in the long term of bull and bear markets (just like any assets), a period of bearishness, dips, and general market inactivity was quite foreseeable even before the bear market actually happened.

For now, I actually think that positive regulations, the community driven nature, as well as institutions entering the market are all positive factors that will contribute to the upcoming bull market. When this bull market will emerge and the recovery will come though is up for speculation, though I'd expect it to come mid to late next year latest due to the halving.

[deisik]

The most important factor here is the fact that 2017's bull market was completely unsustainable, and given that bitcoin prices generally move in cycles in the long term of bull and bear markets (just like any assets), a period of bearishness, dips, and general market inactivity was quite foreseeable even before the bear market actually happened

Well, let me play the devil's advocate here. Thank you

I agree that many "real-life" assets move in cycles as this is exactly what we should expect as the economy itself develops through bumps and jumps mostly. But how do we know that Bitcoin as well as other cryptocurrencies is going to follow this pattern in the first place? There's not much that relates it to real economy

For example, I could say (and you actually confirm my words) that the massive bull run of 2017 was entirely due to hype and speculation, and that it had nothing to do with real factors from the real world. So how can we really equal Bitcoin to other assets here and say that it is going to "be right back"? This surge may well have been a one-off event

[1Referee]

i just saw samsung's announcement that they're adding crypto key storage to their next line of phones. great news right? price doesn't care, not a bit. if anything it dumped a several hundred bucks. that's the bear market for ya lol.

Noobies can say, but but, they sold the news.  

In all seriousness, news is barely the result of any actual move. People blindly assume it is because the price coincidentally was already going up or down at that point or slightly after the event. We had so many news events that people believed was the reason the price was tanking (e.g. social media attack on crypto advertisements, stricter regulations in Japan, South Korea, etc) that it's almost a miracle we're still above $3000.

[upsidedown75]

Just because price dropped a bit doesn't mean we will have a bear year. I am not saying we won't because honestly nobody knows what will happen to bitcoin, it can go over 20 thousand dollars this year or it can go under 2 thousand dollars this year and both cases would be not surprising considering how volatile bitcoin is but just because we had a 300 dollar drop doesn't mean we will have a bear run and it also doesn't mean we will have a bull run just because it went from 3400 to 4200 as well.

These are just regular movements of bitcoin that it does all the time and after 6 years of being in bitcoin I can testify that big moves do happen but there are a lot of small moves that make no sense as well, I have seen plenty of small tiny moves like 300 dollars or whatever that didn't went to become anything important.

[BitHodler]

These are just regular movements of bitcoin that it does all the time and after 6 years of being in bitcoin I can testify that big moves do happen but there are a lot of small moves that make no sense as well, I have seen plenty of small tiny moves like 300 dollars or whatever that didn't went to become anything important.

Moves that don't make sense? Everything makes sense when you take into consideration that most of the trading activity is automated, so whatever these smaller movements are that you refer to, they are very likely profitable.

Right now people seem to be afraid to go in with a big stack of cash, which is why the order books are very thin and we're tanking so hard after the last rejection. People said it was manipulation, but it isn't.

Big sales trigger others to add fuel to the fire by selling even more, because that's what this market seems to be about--people fomo in together on the way up and they panic sell together on the way down. 

[yohananaomi]

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.

The significant impact is clearly that investors in the crypto sector seem to refrain from investing heavily, which clearly affects many projects that become delayed and even lose confidence. so this impact also affects bitcoin. but the direction of bitcoin began to appear to prevail when after a long period of silence it could penetrate $ 4K. this can make the positive side more able to develop. the time is indeed seen just a step further.

[Gaff]

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.

Hey I'm not surprised by the dump as we all should have seen it coming, people these days tend to sell quickly as soon as Bitcoin prices rises. I believe most of these people who sold had brought it at 3300$ levels, and they got their profits and return now they'll dip in and buy again at lower prices. I'll agree with you as this dump may just revive the bear mode, that many thought was over after the recent pump.

If every people nowadays panic in the same as other traders did, I believed that it's the most reason why bitcoin price dropped. Buying while price dipped at very low price, and that opportunity is your big reward in the future. When you try to think of holding longer, always bare in mind no such losses will happen when you apply that kind strategy. Because, as Bitcoin price changes the price increase after volatility occurred.

[LUCKMCFLY]

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.

Hey I'm not surprised by the dump as we all should have seen it coming, people these days tend to sell quickly as soon as Bitcoin prices rises. I believe most of these people who sold had brought it at 3300$ levels, and they got their profits and return now they'll dip in and buy again at lower prices. I'll agree with you as this dump may just revive the bear mode, that many thought was over after the recent pump.

If every people nowadays panic in the same as other traders did, I believed that it's the most reason why bitcoin price dropped. Buying while price dipped at very low price, and that opportunity is your big reward in the future. When you try to think of holding longer, always bare in mind no such losses will happen when you apply that kind strategy. Because, as Bitcoin price changes the price increase after volatility occurred.

At this time we should think like Bitcoin speculators, and it is easy, at the moment of having a small bull, that requires effort and result, when obtaining the desired result, which is to see the value of bitcoin above, many operators will enter, thinking in that they do not want to miss this movement, and that's when the operator takes advantage of selling and taking profit. That's how you should think so that the bitcoin moves do not take us by surprise and not we panic.

[deisik]

In all seriousness, news is barely the result of any actual move

Did you actually mean to say the news being the cause or reason of a price move?

As I can't see how it can be the result of it (other than the news about the price itself). Anyway, you seem to be discarding a very important point or issue here. We get the news (any news, for that matter) when it had already been priced in (read, insiders already bought or sold it). So when it looks like the price has already been going when you hear it (which makes you think like it's a coincidence only), it is just because you are late to the party (and mostly everyone else)

[figmentofmyass]

what bad news? and how can you assume we're in a bear market because of some news stories?

you're onto something when you say "people are afraid to buy bitcoin again". that's the bear market mentality. it's not any particular news item or another. it's just the fact that we're in a bear market. demand is at extreme lows. no one is interested---especially because of the price trend. supply is strong because price has been crashing for a year straight. that's it.

i just saw samsung's announcement that they're adding crypto key storage to their next line of phones. great news right? price doesn't care, not a bit. if anything it dumped a several hundred bucks. that's the bear market for ya lol.

It feels like you expected more from the last price action

not at all...... the complete opposite in fact.

i'm pointing out that this is a bear market, therefore good news doesn't have much positive effect.

And now that we are back to the roots, so to speak (though not fully yet), it seems that you have lost hope (and most certainly not you alone) and resigned yourself that these prices in this range (3-4k) may be for long.

what are you talking about? maybe you have me confused with someone else.

i think we're still firmly in a bear market. we could be near the bottom (or maybe the bottom is in already) but we have not obviously formed a bottom range. so no i definitely don't think we are ranging between $3-4k, especially since we just went to $4300 a few days ago....

[BitHodler]

so no i definitely don't think we are ranging between $3-4k, especially since we just went to $4300 a few days ago....

We can argue about the exact price levels, but to me it really seems that we're ranging between the 200WMA and the resistance around the $4200 mark (Bitstamp chart). The rejection of $4200 confirms that.

It's a firm range we're stuck in, and for now I do believe that we can expect more of the same until the trend shifts and we break out. It wouldn't surprise me if this continues all the way to Q4 where seasonality might cause a positive breakout.

I like the fact that I can accumulate as many coins as possible below $4000 so I don't mind it at all that we're not going up. I average in at least once, some times twice a month. I'm all set.

[figmentofmyass]

so no i definitely don't think we are ranging between $3-4k, especially since we just went to $4300 a few days ago....

We can argue about the exact price levels, but to me it really seems that we're ranging between the 200WMA and the resistance around the $4200 mark (Bitstamp chart). The rejection of $4200 confirms that.

It's a firm range we're stuck in, and for now I do believe that we can expect more of the same until the trend shifts and we break out.

ah, give it more than 3 days. we only had one try at the $4200 level yet and that rejection was totally expected due to the previous top there.

this last spike down over the past day got quickly bought back up. it's looking like a stiff rejection of the bears. i think there's another leg up left to this bull trap.

and after that when the 200dma starts weighing things down again, i'm guessing $3100 ain't gonna hold either. this all feels like 2014 playing out in slow motion tbh. i don't get why people expect these ranges to be so tight or last so long. just cuz it happened one time, at $6k?

[Pursuer]

i don't get why people expect these ranges to be so tight or last so long. just cuz it happened one time, at $6k?

that, but also because it always takes time to change trend from the downtrend that lasted over 14 months to an uptrend that would be new and in opposite direction. and this accumulation phase with lots of bull trap looking drops is one of the most common trends that we have seen during each reversal in the past.

[deisik]

i think we're still firmly in a bear market

so no i definitely don't think we are ranging between $3-4k, especially since we just went to $4300 a few days ago

ah, give it more than 3 days. we only had one try at the $4200 level yet and that rejection was totally expected due to the previous top there

You make pretty contradictory statements

At first you say that we are still in a bear market (which I tend to agree with), then you proceed to claim what can be interpreted that we are no longer in a bear market. A bear market assumes we are going down (or at least continue to move in that tight range). How come? Yes, I understand that we can see if the market turned to bull only in hindsight but it does't make your words less contradictory