Bitcoin's value after being more recognized and accepted globally.

[otandelapaz]

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
 

[Duzter]

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
 

Yes, by the time of 2007 there was a large scale adoption happening on the cryptocurrency network. Japan came forward with the adoption with the legal support from the government. This is the point from which adoption began to increase drastically and the same served as a starting point for the growth initiation which further moved with steep variation in price reaching the all time high value.

[faceoff97]

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
 

The sudden pump in value last 2017 might be just being manipulated by whales. There is no denying that Bitcoin could not be totally controlled by anyone but it could be manipulated for short term effect in price. The price is dependent on the supply and demand, that is why people who has large volume could even make large demand and then suddenly withdraw it causing sudden dump.

[BlackFor3st]

You have a good point, if bitcoin is widely accepted and it's growth of acceptance is keep on increasing. Then why it's value has decrease?
In some point, big investors will always find it's way to maximize their profit.

Some call them big whales, this kind of people will do everything just to manipulate the price of bitcoin and make sure that in the end they will earn a good amount of profit. But one important thing, if you are wise then you can use this opportunity to stock more and sell it once the price will recover again. Just follow the flow of the market.

[adzino]

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
 

Do you really think the price of the bitcoin at the last quarter was the actual  price of the bitcoin? If you look at the price chart carefully, you will see that the price of bitcoin was increasing very abnormally. That kind of rise is never healthy for the bitcoin economy. The price needed correction and then we got it. Now we have a steady rise of the price which is actually very healthy for the market.
Yeah, the more the coin is being accepted the better the price will be.

[rodel caling]

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
 

For sure each country before they accept bitcoin as new currency money in their country the official they learn it and study about bitcoin volality fluctuations.
Nothing to worry about that issue start adopting at all time high then financial expert of every country are knows to resolve all possible negative feedback if the price getting dump.

[jhongzjhong]

You have a good point, if bitcoin is widely accepted and it's growth of acceptance is keep on increasing. Then why it's value has decrease?
In some point, big investors will always find it's way to maximize their profit.

Some call them big whales, this kind of people will do everything just to manipulate the price of bitcoin and make sure that in the end they will earn a good amount of profit. But one important thing, if you are wise then you can use this opportunity to stock more and sell it once the price will recover again. Just follow the flow of the market.

There are too many instances that will probably happen why the bitcoin price is very highly volatile, people always wanted an instant profit, when they saw bitcoin starting dragging down they will panic and sell. In that case, bitcoin will slowly have a recovery in the market price.
Only strong hand holder will help bitcoin remain the price, and some point is a whale manipulation. Some of them having huge money to play the market situation that might affect the price movement. Accepted globally but still need mass adoption not only accepted to make the price goes up.

[Genemind]

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
 

The last pump must have been caused by a series of whale activity followed by normal investors additional investment due to their fear of missing out, or those who ride along with the whales. Then came the massive market correction which is normal after a massive pump. Must be whales cashing-out their investment to secure profit.

[TalkStar]

Most of us believe that the reason behind bitcoin price dumping in 2017 was only whale game but personally i will not put all to them. There was some negative news effect where bitcoin holder got panicked and as result they fear to hold that. Wherever in recent time bitcoin has already showed us a positive turnover and good time will shake worldwide crypto holders hand soon.  

[DarkEagleMan]

In fact, as the years have passed the bitcoin ecosystem has not stopped growing, but we must be aware that this gradual acceptance and the development of bitcoin as technology does not have to be linked to the whims of the market; in fact, in the markets the emotional issue seems to prevail when it comes to establishing prices, so it is absurd to think that the relatively low price of bitcoin today is a sign of failure of its ecosystem, in the same way as bitcoin at 20K did not imply that it was in the best historical conditions of acceptance and development.

These are the effects of speculation, simply.

[Lizzylove1]

Up till now, it still beat my imagination why bitcoin is still this low, despite tremendous increase in users database and greater global awareness as compared to 2017 when the community wasn't as large as we have now. Some persons have blamed whales and others allege the fall is a conspiracy theorem. 

[Janation]

The whales obviously.

They are the only reason I am thinking that it keeps on falling despite the fact that there are a lot of people recognizing and accepting Bitcoin globally. They can manipulate the prices but they will not be able to control it unless they agree into something and all of them are cooperating to do control the price of Bitcoin.

[CryptoBry]

Massive speculations have been affecting Bitcoin especially towards the end of 2017 and early 2018...and when people realized that Bitcoin could not go on growing up on its price many were disappointed and eventually lost money. I am not saying that speculation per se is bad because it is just a natural phenomenon once a thing has a perceived value but too much of it too soon can be dangerous similar to an overheating economy. People should be education when they enter the Bitcoin bandwagon so they can decide right and can act according to rationality and not on emotions. We need more and more people and institutions to enter this space with the correct mindset.

[r1s2g3]

Apart from recognized as mode of payment, we are not very far away from rewards halving. All this factor can move price upwards and I guess one more spike can happen this winter.
For your price question at 2017, lot of people got interested in BTC suddenly and purchased it.

[Bitinity]

Apart from recognized as mode of payment, we are not very far away from rewards halving. All this factor can move price upwards and I guess one more spike can happen this winter.
For your price question at 2017, lot of people got interested in BTC suddenly and purchased it.

I dont think that's the main reason why bitcoin bumped crazily during the end of 2017. It was just whale game who want to make huge profit, luckily their game was followed by most of ordinary investors. To be honest I do not want to see the similar thing happen again in the future, it is better if the price is increased step by step instead of sudden pump then followed by sudden dump.

[okala]

Despite the fact that bitcoin have recorded the highest number of confirmed transactions within this few day just as the same as at 2017 when the price of bitcoin went to it all time high of $19000,  bitcoin price is this period still struggle between $5000 to $5500 which is not correlating with the event of 2017 in term of Price reflection of actual usage what is responsible for this is still not clear to all of us we are only speculating.

[BUK2016]

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
 

Well, I don't believe that there should be constant increase in the value of Bitcoin. And what happened to the price of Bitcoin after the hike of its value bin 2017 could be attributed to so many factors range from high volume of sell order to other fundermental issues.

[Haunebu]

Despite the fact that bitcoin have recorded the highest number of confirmed transactions within this few day just as the same as at 2017 when the price of bitcoin went to it all time high of $19000,  bitcoin price is this period still struggle between $5000 to $5500 which is not correlating with the event of 2017 in term of Price reflection of actual usage what is responsible for this is still not clear to all of us we are only speculating.

Everything is crystal clear.

2017 -> Inorganic growth led to a highly unstable value which fizzled and fell sharply in 2018
2019 -> Organic growth due to proper developments(LN, Segwit etc) which led to Bitcoin rising slowly and steadily in value

[funchiestz]

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
 

Many platforms began to implement crypto bans, primarily Reddit. I think that the price drop started this way. After the bans on Twitter, Google and Facebook, the price decline accelerated.

[Beerwizzard]

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
 

Bitcoin is getting its adoption not because he is recognized. In 2017 everyone in the world heard about bitcoin but no one started to accept crypto.Interest from the side of financial institutions does not brings us adoption. Those organization using cryptocurrencies only to get their own profit. The more of them joins the market the larger market cap we will get and the more people would think that BTC is getting its adoption.