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

[Micerker]

Many countries accept Bitcoin as a currency. This helped the market grow again, but the growth rate was low and unstable. If the whole world can accept Bitcoin, this will be Crypto's new step. Prices will rise as purchasing power increases, and Bitcoin prices can increase every minute.

[Reid]

I have one question for this.

Do you really think the value of bitcoin by now is really low?
It is even larger than Gold.

How come we are asking way too much from a free coin that had been questioned a lot of times.
Let us just be thankful that it have a value or we wont be here anymore.

[loopes]

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?
 

People who have bitcoin since long time ago has took profit at 2017. It is normal. Naturaly, market equilibrium will be reached. That's where supply and demand works and control the market. People who have a lot of bitcoin at that time weren't miss any chance to get a lot of money. But the growth of bitcoin adoption is still going on so market equilibrium will not hold for long time. The price of bitcoin will still tend to rise.

[FlightyPouch]

That is weird. The price of Bitcoin usually goes up when it is recognized and accepted but if that is the case I guess the ones that can manipulate the price in the market is the reason. Whales might be behind it but I don't think they have a goal for that. I think it is just that it is recognized by a lot of people but still, only a few of them use it.

[Choyor]

When Bitcoin is received globally, it can be ensured that there is adoption in large scale, that means market demand will increase, and because of the high market price influenced by the number of requests, the value of Bitcoin will automatically increase as well.

[jakelyson]

2017 massive pump in price of bitcoin is all about the hype. Nothing was actually supporting that massive growth. After it reached the ATH, the market slowly corrected. This time around, the market is slowly recovering and moving up. There is no hype, just full-scale development, and improvement in the network that is driving the price up.

[Samuel4]

I don't seem to agree with the fact that mass adoption of bitcoin or Crypto-currecy can crash the price. It's obvious that when there is increase in demand the price goes up and vice versa. The decrease  in Price of cryptocurrency could just be manipulated by whales. All we need is awareness for increased adoption which will consequently increase market Capitalization

[kawetsriyanto]

The cycle of the Bitcoin really appears after the bullrun in 2017 and being hype in the world. Many people recognized and accepted Bitcoin globally as a worthy thing to invest and to make money. However, in fact, it only lasts for a moment. Where there were many people only follow the hype and then entered in crypto world because of fomo, the increasing new crypto projects, and also increasing scam projects, the value of Bitcoin seems decreasing. It may be true when the BTC has reached a higher rate, it is still volatile.

[sarmrakib]

Accepting globally is not that always the price will go on so high .The price is always volatile in crypto market .The world gradually accepting cryptos as its technology and secured transaction .Market is not controlling by someone .We can see different price in different currency it's not much Volatile that's why the the currencies are not so popular to trader .So accepting Crypto and Price is not same thing as value.

[thesmallgod]

the fact that something is knowing globally does not mean it is accepted globally. unfortunately, many of time crypto news hit the internet. It is always for the negative reasons. there has been many negative news surrounding crypto than positive news and all these as you all know have implication on the price of crypto. Up till today bitcoin has been witnessing back lash from individual and group of people. As long as no significant adoption of crypto by large businesses globally, the price will remain the same

[Cacingkemi]

Its very simple that IMO we all know about the ICO project used by scammers in the world at 2018, it makes BTC more wasteful and then investors panic so that it decreases. In addition the benefits must be taken by holder who hold it in the wallet for a long time, but here you must be don't worry the value of BTC will return to the beginning with an increase demand in the market.

[kryptqnick]

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?
 

No, I don't think there is a connection between the price going down and Bitcoin being accepted more widely. In fact, it is interested and increase of activities with Bitcoin that drove the price up that much in the first place. The main reason for the drop was that the price was going up too fast, so the correction was bound to happen. Moreover, some bad news appeared about Korean exchanges, and the newbies that made the price go up caused it to go down drastically.
Adoption is good, but it has to be gradual, and people have to be interested in something more than profits.

[Eildosa]

After the growth of bitcoin in 2017, its mass introduction in many areas and directions began. It was a real breakthrough. But there is still something to strive for. Therefore, I believe that in the future it will be expanded to the smallest sectors of life. Everything will go to the fact that almost everyone will use bitcoin in their lives.

[xvids]

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 huge price pump back in 2017 was made from F.O.M.O ,
And most of the investor's was just getting in and doesn't really know anything about crypto,
Most of them just bought it because of recommendation and thought that it is a quick way to be rich.
So when the market starts to crash down most of those investors have F.U.D and sold their crypto.

[iqlimasyadiqa]

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 will always experience changes at any time and in the process of change there will always be development. price changes that increase and decrease are the process of development. so anything can happen to bitcoin. what we need to do is continue to support all efforts about using bitcoin. bitcoin always gives a surprise and we wait for that to happen.

[gabbie2010]

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?
 

People who have bitcoin since long time ago has took profit at 2017. It is normal. Naturaly, market equilibrium will be reached. That's where supply and demand works and control the market. People who have a lot of bitcoin at that time weren't miss any chance to get a lot of money. But the growth of bitcoin adoption is still going on so market equilibrium will not hold for long time. The price of bitcoin will still tend to rise.

In addition to those investors that took profits in 2017 new investors also invested then having a perception and speculated that bitcoin will reached $50K within the shortest time lo and behold they are highly disappointed with turn of event its price drops there are fears FUDs thus sold massively at loss thus causing more dumping in its price

[therhslv]

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?
 

To bring price up there should be no sellers willing to sell at 5k range Lets say if somebody would like to buy BTC on 20 Million usd , he could do that , but he possible will incrase price on that exchange and probably other sellers will follow that price and price will increase on other exchanges aswell . But usually big buys like 5 or even more Million usd happens on OTC ( OTC stands as over the counter )

[Firecold4]

if bitcoin is accepted by all financial institutions in the world it is clear that the value of bitcoin will increase because the more demand it will make an item or service will be more valuable

[Rooster101]

Bitcoin is being traded in the market so the price is affected by the volume of coins that being bought or sold. Increased adoption will not affect the price of bitcoin and the market will still the one to decide what will be next price of the coin. Massive adoption may influence the price of bitcoin to go up especially if there are big international companies that decides to use bitcoin but it will not create a bullrun or make the price of bitcoin to increase continuously. The big investors or traders that can pump or dump the coin are still the one that make sway the market price.

[lionheart78]

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?
 

Not all financial institution's adoption of bitcoin  will give a positive reflection to its value.  One of which is CBOE and CME wherein the transaction is not OTC and virtually selling Bitcoin infinitely.  We can check it on the implementation of these futures way back later part of 2017/early 2018 and see how Bitcoin price crashes.