Bitcoin factors drop in 2019 and now.

[davis196]

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.

All those factors are influencing the supply and demand 24/7.
The crypto markets became more regulated than before,but that didn't solve the problems.There are still many crypto scams,price are still being manipulated.More regulation is bad for crypto,because it makes it harder to use,while it doesn't make the markets more effective.

[figmentofmyass]

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.

naturally. i'm just confused as to why people would think the first short term consolidation after a crash = definitive of a long term range. based on how bitcoin historically acts, this area is just one stop on the overall trajectory. the bottom range that hopefully forms over 2019 should have a much bigger spread than $1000.

even the $6k bottom was much more volatile than that, bouncing from $6k nearly to $12k when first establishing the range.

it's as if people expect bitcoin's volatility to die. why? is it just recency bias?

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

no, you just have no sense of time frames. you apparently have trouble conceiving that bear markets don't go down in a straight line. for some reason, any time i expect the price to go up over the short term, you take it as a pronouncement that the bear market is over.

here's the word of the day: bull trap

and if the $3k bottom was the start of an accumulation range, i fully expect it to be a much wider range than $1000. based on the 2015 bottom range, i'd expect at least 3x wider than that.

[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

no, you just have no sense of time frames. you apparently have trouble conceiving that bear markets don't go down in a straight line. for some reason, any time i expect the price to go up over the short term, you take it as a pronouncement that the bear market is over.

here's the word of the day: bull trap

and if the $3k bottom was the start of an accumulation range, i fully expect it to be a much wider range than $1000. based on the 2015 bottom range, i'd expect at least 3x wider than that

Then your whole post doesn't make sense

If the 3k was the bottom (the start of an accumulation range in your terms), we are already well into the bull market. And this has nothing to do with timeframes (because you already meant we hit the bottom). Look, I understand we don't know where the price will be in a month or even in a day, but you can't say that something is white and then pretend it is black (and vice versa). Now you are essentially backing off like we (well, me at least) have massively misunderstood what you wanted to say

[buwaytress]

and if the $3k bottom was the start of an accumulation range, i fully expect it to be a much wider range than $1000. based on the 2015 bottom range, i'd expect at least 3x wider than that.

I'm still waiting for a string of new lows for 2019, and fully expecting them to be beat 2018 lows. That's going to be the accumulation phase for me, even literally. So yeah, the wider range of $1k-3k suits me.

On volatility, I'm not sure people really are expecting to die. Aren't the bears still thinking it'll crash to zero? And the bulls still looking at a 7-digit figure in a handful of years? Aren't all those trading instruments waiting in the wings to handle all the expected speculation? None of that going to happen without volatility.

[deisik]

On volatility, I'm not sure people really are expecting to die. Aren't the bears still thinking it'll crash to zero? And the bulls still looking at a 7-digit figure in a handful of years? Aren't all those trading instruments waiting in the wings to handle all the expected speculation? None of that going to happen without volatility.

It looks like you are basing you conclusions on wrong premises. You basically assume that because there are bears who are still waiting for Bitcoin to crash to zero and there are also bulls which are hoping for a 7-digit figure in the future, we will see a lot of volatility (which I personally hope for, just in case)

However, the market doesn't take into account what anyone thinks or expects (let's call them dreamers), it is what everyone actually does which matters. And if no one is buying and no one is selling, that's pretty much it, i.e. lack of volatility. In other words, you can sit on your hands and dream on as long as you please, but that alone won't make your dreams come true

If wishes were horses, beggars might ride

[talkbitcoin]

I'm still waiting for a string of new lows for 2019, and fully expecting them to be beat 2018 lows. That's going to be the accumulation phase for me, even literally. So yeah, the wider range of $1k-3k suits me.

well randomly waiting on weird stuff to happen to the price is never going to end well for you. so the real question is why do you think that we can have 2 years of drops and more importantly why do you think price can drop 95%?
because for the life of me i can not think of any logical reason for any of these two conditions to be true! not to mention that something like that has never happened!

[prtty2gal2]

The drop in price of bitcoin was very much expected because of the massive increase we saw in 2017, it is not dropping because people are losing interest in crypto but it is dropping because many persons who made profit at that time are taking out their profit.

I also believe that the dip is over and we should begin see a great increase in price within the next few months. Maybe the second quarters of the year.

[gabmen]

The drop in price of bitcoin was very much expected because of the massive increase we saw in 2017, it is not dropping because people are losing interest in crypto but it is dropping because many persons who made profit at that time are taking out their profit.

I also believe that the dip is over and we should begin see a great increase in price within the next few months. Maybe the second quarters of the year.

Nah those that got stuck above 12k probably lost interest all over. More than people who exited to make profit, 2018 probably saw more people who exited to safe themselves from drastic losses. Though it's likely settled now and is ready to recover but i doubt about a great increase. We probably won't see that kind of growth anytime soon.

[zhekinsp]

The drop in price of bitcoin was very much expected because of the massive increase we saw in 2017, it is not dropping because people are losing interest in crypto but it is dropping because many persons who made profit at that time are taking out their profit.

I also believe that the dip is over and we should begin see a great increase in price within the next few months. Maybe the second quarters of the year.

Keep your hope alive on the crypto investments which is the only thing can make the prices to recover in near or later future.

[Febo]

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.

Well. Each of this factors had improved in last year same as in last 3 months. So considering only this factors price should actually increase. But it did not.  Why?  Because price of bitcoin was correcting after huge price increase 2 years ago. That happened right on schedule considering a 4 year bitcoin cycle.