Low demands as bitcoin declined in price.

[Godlovesyou]

There is been low demands in the technological core about bitcoin wallets because people felt the price has not being well doing over time. I wants you to understand that the big banks and entrepreneurs are profits oriented ventures, that's why nobody wants to keep their money in bitcoin at this period of its lapses.

The demands in bitcoin is really low in figures but not in values since no big investor's are pushing their money into bitcoin but when this saga is over the same big investor's will still wants to survive through bitcoin.

There is no good investment can be overrated above bitcoin, be it economy, political or socio tourism. Government knew the value, that only the never wants the citizens to be independent. They should legalize the bitcoin as digital currency with easy exchange any currency in the world.

Bitcoin will burst our bubbles and grow states economy on stable analysis and people can become an assets instead of liabilities. All this low demands is simply cause by government and barons who were supposed to give adequate support to the system. Bitcoin will remain bitcoin even stronger and better

[coupable]

What is happening with US banks regarding the possibility of collapse could be one of the most important reasons, especially since many of those banks support crypto transfers.  The collapse of Silicon Valley Bank is the most important event now after the collapse of the ftx stock exchange, especially as it provides financial support to many startups, some of which may also be supportive of crypto and are in need of financial support.  All this could be the reason for the panic, which mainly caused the decline in the demand for crypto in general, and in particular Bitcoin.

[kryptqnick]

I'm not sure what the op means about a low demand for Bitcoin and Bitcoin price getting lower. It's clearly getting higher and higher, and it's happening pretty fast. It also means that Bitcoin is in high demand, as that's what leads to the price growing over time. I don't think the reason why Bitcoin is growing is clear. It might be because of the banks in the US, or maybe Bitcoin just stayed low for too long and it's finally building up toward a proper bull run, which happens from time to time regardless of external economic or political factors.

[blockman]

I'm also confused about why OP is telling that the demand for bitcoin and its price is correlatively low because they're not. But I do agree with the latter part about what he said that it will be better no matter what happens. I'm not so sure if this is because after hitting $28k it didn't proceed too quickly to $29k which he might be thinking that it's going to happen so fast without any stopover. But let's come to that point that if it's looking low based on what he said then we're seeing that due to the major issues that these banks have shown lately, people are coming up with the idea that by having bitcoin, you have your own wealth with you wherever you are and there's no worry that it's gonna file bankruptcy since it's decentralized. Anyway, if by some little movements of bitcoin's price we're too discouraged to think that it's an actual decline, look where it has come from.

[The Cryptovator]

I'm not getting op when Bitcoin starts to rise create this thread. How can prices rise if there is no demand? We can say that there aren't many institutional investors yet. But that doesn't mean there aren't any demands. Don't expect the centralized government to accept Bitcoin anytime soon. It's because they have no control of it. Slowly, but don't expect global adaptation to happen overnight. Each government has its own perspective on Bitcoin. However, I believe that investors are gradually entering the market, which is why prices are moving so quickly.

[Fiatless]

I'm not sure what the op means about a low demand for Bitcoin and Bitcoin price getting lower. It's clearly getting higher and higher, and it's happening pretty fast. It also means that Bitcoin is in high demand, as that's what leads to the price growing over time. I don't think the reason why Bitcoin is growing is clear. It might be because of the banks in the US, or maybe Bitcoin just stayed low for too long and it's finally building up toward a proper bull run, which happens from time to time regardless of external economic or political factors.

I don't think OP was around when bitcoin dropped to less than $15,000. And there were even predictions that it will get to $5000. This period has been a very good time for bitcoin and players in the sector are smiling after a long bear run. Although I might not be correct, but I am suspecting that just like the fall of crypto exchanges led to the drop in the price of bitcoin, the fall of banks might be the reason for the rise in the price. Op you should know that we are in a mini-bull run or a pre-bull run, so enjoy it  .

[pawel7777]

I'm not getting op when Bitcoin starts to rise create this thread. How can prices rise if there is no demand?

Well, if the supply drops even faster than demand, than the price goes up  

I'm struggling to make sense of the OP's post. I think he most likely means that there's a growing demand expressed as amounts of money, but at the same time is dropping in terms of number of people wanting to buy bitcoins (i.e. number of new wallets?).
Not worth discussing unless there's a source of data.

[serjent05]

I think @OP is not pro Bitcoin and the way I see his thread, he is reminding us to be careful in dealing with Bitcoin because it will burst one day just like the Tulip Bubble.  There had been lots of topic and conversation of Bitcoin being a bubble but until now they are proven to be wrong by Bitcoin market.  We can look at the performance of Bitcoin market, it may be highly volatile but in its every cycle, for more than 10 years, it always recover every crash and break its recorded ATH every cycle. 

Bitcoin with the current increase in price couldn't be considered in low demand.  Just like pawel7777 stated, when there is an increase of price, demand outweigh the supply and that means there is low supply and bigger demand.

[Aanuoluwatofunmi]

There is been low demands in the technological core about bitcoin wallets because people felt the price has not being well doing over time.

That is why bitcoin is a digital currency that is volatile, you can't expect the price to be stable because many investors make their own profits from this, I don't see any thing to butress the low in demand of bitcoin due to dip in price, this has not been the first of it kinds, it rises and also drops with time, the force behind the demand and supply is what determines for the price and the value increases along.

[Findingnemo]

For the last few weeks the price of Bitcoin is on the rising side then how can you say that demand for Bitcoin is declining? Cause price increase proportional to the increase of demand.

I don't expect government to make bitcoin as legal tender so that we can use bitcoin without any panic because they will not let the decentralized money to grow which is actually against their own system so they will be doing such thing unless they left with no other choice.

[Desmong]

There is been low demands in the technological core about bitcoin wallets because people felt the price has not being well doing over time.

That is why bitcoin is a digital currency that is volatile, you can't expect the price to be stable because many investors make their own profits from this, I don't see any thing to butress the low in demand of bitcoin due to dip in price, this has not been the first of it kinds, it rises and also drops with time, the force behind the demand and supply is what determines for the price and the value increases along.

Whether Bitcoin depreciate in price or not there are people that are going to see that as an opportunity to invest and buy more tokens. Bitcoin is an asset and not something we are going to buy that will not give us a better profits. Bitcoin is going and with time those of us that are patient investor will going to make the gain so far that we are holding patiently.

[Charmekkd]

now bitcoin has increased and for sure this is because people are buying bitcoin more and more,
and if which buy a few bitcoins, the price will definitely go down.
like what happened to bitcoin when the market was bear in 2022.

I hope the bear market goes away quickly.

[Baofeng]

There is been low demands in the technological core about bitcoin wallets because people felt the price has not being well doing over time. I wants you to understand that the big banks and entrepreneurs are profits oriented ventures, that's why nobody wants to keep their money in bitcoin at this period of its lapses.

The demands in bitcoin is really low in figures but not in values since no big investor's are pushing their money into bitcoin but when this saga is over the same big investor's will still wants to survive through bitcoin.

Where do you get your numbers that there are low demand in BTC? Lol, have you seen the current rise in the price? Have you seen that we almost doubled the price that what we have like 5-6 months ago?

Or it is just me on the timing of this kind of threads from newbies, hehehe, it's either they just like to create FUD and buy more bitcoin or really doesn't know what's going on right now. Although technically we are still in the bear market, but having grown at the start of the year, for sure there is more demand right now as compare to last year. And regarding the argument that nobody wants to keep their money in Bitcoin, it already proven itself to be a good financial hedge, just like what we have seen during the pandemic crisis in 2020. It went down in March but later on went on a bull run, topping $60k++. So it's not a wise decision to think that BTC is not a safe haven specially with the Banking crisis that we are witnessing.

[GreatArkansas]

There is been low demands in the technological core about bitcoin wallets because people felt the price has not being well doing over time. I wants you to understand that the big banks and entrepreneurs are profits oriented ventures, that's why nobody wants to keep their money in bitcoin at this period of its lapses.

The demands in bitcoin is really low in figures but not in values since no big investor's are pushing their money into bitcoin but when this saga is over the same big investor's will still wants to survive through bitcoin.

Where do you get your numbers that there are low demand in BTC? Lol, have you seen the current rise in the price? Have you seen that we almost doubled the price that what we have like 5-6 months ago?
(....)

Hahaha, yeah. Maybe OP was looking at the different numbers because for me, day by day, a lot of new people are being introduced to Bitcoin.
Another example is the Bitcoin network hash rate even though we had a huge dump in the price of Bitcoin recently, the Bitcoin network hash rate is still increasing over the years. So, the computer power that is given to Bitcoin by Bitcoin miners is always increasing.

[BlackBoss_]

Maybe OP was looking at the different numbers because for me, day by day, a lot of new people are being introduced to Bitcoin.
Another example is the Bitcoin network hash rate even though we had a huge dump in the price of Bitcoin recently, the Bitcoin network hash rate is still increasing over the years. So, the computer power that is given to Bitcoin by Bitcoin miners is always increasing.

Bitcoin has a biggest and healthiest network from its highest hashrate and decentralization of hashrate. If reversible transactions are the most terrible situation nobody want, with Bitcoin network, it is impossible because to have enough hashrate to attack the network, 51% of total hashrate will cost a lot for attackers.

Moreover, attackers won't be able to maintain it too long because nowadays in blockchain, people have lot of efficient bots that can detect suspicious activities within seconds to minutes. Community will react to such situation very quickly.

We can use Ethereum Classic attacks as example and Bitcoin is much bigger than Ethereum Classic.

How many bitcoin confirmations is enough
https://howmanyconfs.com/

[Fundamentals Of]

What decline in price are you talking about? Just around 10 days ago, the price of Bitcoin was below $20,000. Now, the price of Bitcoin is above $28,000. That doesn't look like a decline to me. That is an increase. Although there is a correction happening because the price has already went beyond $28,5000, the current price is not that far from it. So in general there is actually an increase in the price and it is not just a slight increase. For the past week, the price has grown almost 20%. And as you know, an increase in price means increase in demand.

[Asuspawer09]

Bitcoin surely doesn't have low demand as we can see in the market the price was around 25-28k$ which is already pretty high, I mean it has the highest market price in all cryptocurrencies. So I don't think there was a low demand when it comes to bitcoin, because there are already a lot of investors that invested in it. And Where probably going to expect a lot of investors to join soon because of a lot of movement in the market, in just weeks the market price has a lot of movement and that is when a lot of investors try to make a quick profit.

We already have momentum, and the market is slowly recovering from the bear market, it is just a matter of time because at any moment we could easily expect a skyrocket in the market price of Bitcoin. But still, bitcoin is a big bubble that could easily crumble, it wasn't supposedly caused by the government I mean its a cycle and we cannot expect a Bullrun every time.

[Merit.s]

OP, I guess you don't understand that bitcoin price is moving up due to the crash of SVB,Credit Sussie. Many investors are switching over on investing on bitcoin since it is not controlled by a third party. Government will not accept the adoption of bitcoin easily because the whole settings is beyond their control. Bitcoin adoption by individuals is spreading fast compared to other years. If the government sees that there is nothing they can do about stopping people from the adoption or when they see that their fiat currency is worthless, they may have no choice but to key into bitcoin adoption so that they won't be left out. In bitcoin race majority of them have failed to see it as an alternative means as a store of value,instead they believe in their banks. This year is a good year for bitcoin,since January the price has being moving up beyond our expectations.

[hZti]

Hahaha, yeah. Maybe OP was looking at the different numbers because for me, day by day, a lot of new people are being introduced to Bitcoin.
Another example is the Bitcoin network hash rate even though we had a huge dump in the price of Bitcoin recently, the Bitcoin network hash rate is still increasing over the years. So, the computer power that is given to Bitcoin by Bitcoin miners is always increasing.

Well this graph in general only shows that ASICS are getting more and more advanced. What would be way more interesting is, how much energy is put into bitcoin network and how many miners there are. Those numbers are way harder to obtain though. In general the OP is wrong of course. Bitcoin is in this moment at the start of a bullrun and for sure not at the end.

[kelonmusk]

In fact, I believe that Bitcoin is one of the best investment opportunities available today, surpassing any other investment option in terms of economy, politics, and socio-tourism.

The government should take notice of this and legalize Bitcoin as a digital currency that can be easily exchanged with any currency in the world.

So, yeah this move will help to burst our economic bubbles and lead to stable growth for states' economies. Moreover, it will empower citizens to become assets rather than liabilities.

I mean, it's a shame that the current low demand for Bitcoin is largely caused by the government and barons who fail to provide adequate support to the system. Nevertheless, I am optimistic that Bitcoin will remain a strong and resilient investment opportunity, only getting better with time.