Topic: 10th Birthday, Bitcoin Price Is No Longer Exciting ? - page 9. (Read 1364 times)

The ICO and Crypto currency Ad ban on the major social media platforms has definitely made a huge impact on the decline in the price. The conversion from Alt coins and tokens to bitcoins helped to boost the Bitcoin price in 2017.

We lost one source for the push in the price, but it is being replaced by something a lot bigger. This replacement will be the influx of institutional capital from investment platforms like Bakkt. I am still very optimistic that things will turn around and that Bitcoin will reach the Moon. 

That has been my view too.  Bitcoin has makes significant progress in pricing since inception and $6,000 and above was not in our thoughts some years back. We really have to appreciate ourselve and bitcoin were it is today.  If not for anything but that it remains stable above $6,000 and $5,000.
10years of survival is not a small thing.  There are many discovered that come up like this and today there have no values . We should celebrate and be happy.  I know many have lose money and this will keep happening as far as the human system remain.

Those who are frustrated did that because they never even took the chance to understand the reason why they are investing in the first place. Not like they had no reason but it was a wrong one, considering that all they were after is just a way to want to get rich over night.

I believe if most people took the chance to at least try as much as possible to ensure that they are well informed with what the past held, and where we are now and the possibilities of a great future, they will never have any reason to be frustrated and worried. Like you said, in your last sentence, we are still on a good track, as at least, where are not where we used to be and that is what I call progress.

If you would have told anyone 10 years ago that one day bitcoin would be worth $6000+ they all would've been amazed and bitten your hand off for such an offer. In 10 years time we might be able to say the same again, I would say that's pretty exciting.

There is actually a correlation if we look at it in a deep way that goes beyond being part of an ecosystem. In the past when the ICO market was receiving the hit, it rub off on the price of bitcoin itself because as they are carrying out their own individual publicity, a fresh investors who sees how interesting the potentials of such project will have to invest in only going through the purchase of bitcoin first and they are indirectly advertising bitcoin but today, what we don't get to see such 'free advertisement' as before which whether we admit or not, the effect of that is also rubbing off on price.

I don't see any correlation between bitcoin market and ICO though. Well, they're part of the same ecosystem but nothing more. Its obvious that the price we witnessed last year was due to FOMO and thinking that the market is a get rich quick scheme. This year is different which investors learning from their past mistakes and getting smarter by the day. And we can't say that its no longer exciting, many are just waiting from the outside and will go back to the ecosystem once there's some sort of good news that will turn this market around. But altcoin market is different though, many scams projects, ETH losing its grip, projects dumping their ETH to recover the cost of their operations, EOS becoming competitor, etc.

I think bitcoin and ico are complementary, because some ico use ethreum, which is where every benchmark price of bitcoin rises then all the prices of ico will go up, as bitcoin goes up .Eth also increases along with the erc20 group. thank you for providing information that ico and bitcoin do not complete

ICOs and bitcoin aren't really two complementary things. Bitcoin started out as an obscure coin for most people on the internet with only a few enthusiasts really grinding down the gears. It is then that it had picked up value after a year or so of trading and transacting and ICOs weren't even available back then. Also just like the halving of block reward, bitcoin's 10th birthday doesn't seem to influence nor motivate traders into buying more and more of the said coin, so yeah, it's not that exciting but certainly not a sign of a dying coin.

To know that bitcoin is a product of human beings, not human beings, it does not have a theory of birthdays, you have to distinguish them separately. In fact, the ups and downs of the market are normal, which is a long process of development. You should wait patiently for the opportunity.

What the hell are you talking about?Bitcoin is NOT a token.You should read more and educate yourself before making such statements.ICOs have little to do with bitcoin.We are all familiar with all that info about the bitcoin price being down and "crashed" after the ATH.Your post is nothing but whining and negative thinking.

Well a lot of new investors that just started to invest last year now experienced a bitter lost, a lot of them frustrated because their investment decrease more than 50%, but for the early adopter we see a good rising price, although this year got a bit stagnant but bitcoin seems on a good track

How was the response about the bitcoin economic market for 10 years which experienced an increase and decrease ?

Bitcoin will soon celebrate its 10th birthday. However, this achievement was slightly tarnished due to its downward trend.

The Wall Street Journal reported, in 2017, the price of digital currencies launched in 2008 had surged to 1.375% because investors and traders were interested in Bitcoin.

However, the price of the most popular digital currency has fallen considerably until the third quarter of 2018. The price of Bitcoin has dropped more than 60% from the highest price last year, according to Coindesk data. Last week, the price of Bitcoin had gained 4%.

The overall cryptocurrency market is worse: the combined market value of all crypto currencies plunged 13% from the previous quarter, down from US $ 255 billion to US $ 221 billion on Friday, according to CoinMarketCap.

This decline was contributed by a decline in the market value of large digital currencies. Ether, which is used in the ethereum network, dropped 51% each and Bitcoin Cash and EOS dropped 28% respectively.

Lately it has been difficult for Bitcoin to attract new buyers or even retain old buyers who are mostly disappointed with the price.

According to Blockchain.info, the average transaction price in quarter III-2018 reached 217,000 digital coins. This figure is far below the average daily transaction in the fourth quarter of 2017 of 319,000 coins.

The initial coin offering market (ICO), which allows investors to buy digital tokens such as bitcoin to be developed or offered in the future, is equally insecure. The ICO market has raised US $ 12 billion this year, according to data from research company Diar and TokenData, about double that of 2017.

However, the company calculates that 70% of the current projects have fallen from the price when the ICO was completed. Maybe this is what affects the difficulty of increasing the price of bitcoin on its 10th birthday because the average "ico will decrease by 50% after launching