Topic: Bitcoin factors drop in 2019 and now. (Read 515 times)

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.

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.

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.

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.

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.

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

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.

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

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.

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

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?

We can argue about the exact price levels, but to me it really seems that we're ranging between the 200WMA and the resistance around the $4200 mark (Bitstamp chart). The rejection of $4200 confirms that.

It's a firm range we're stuck in, and for now I do believe that we can expect more of the same until the trend shifts and we break out.

so no i definitely don't think we are ranging between $3-4k, especially since we just went to $4300 a few days ago....

It feels like you expected more from the last price action

And now that we are back to the roots, so to speak (though not fully yet), it seems that you have lost hope (and most certainly not you alone) and resigned yourself that these prices in this range (3-4k) may be for long.

In all seriousness, news is barely the result of any actual move

If every people nowadays panic in the same as other traders did, I believed that it's the most reason why bitcoin price dropped. Buying while price dipped at very low price, and that opportunity is your big reward in the future. When you try to think of holding longer, always bare in mind no such losses will happen when you apply that kind strategy. Because, as Bitcoin price changes the price increase after volatility occurred.

Hey I'm not surprised by the dump as we all should have seen it coming, people these days tend to sell quickly as soon as Bitcoin prices rises. I believe most of these people who sold had brought it at 3300$ levels, and they got their profits and return now they'll dip in and buy again at lower prices. I'll agree with you as this dump may just revive the bear mode, that many thought was over after the recent pump.

market confidence is indeed not good enough. this could be the cause of sluggish demand, especially business players from China are experiencing a decline in performance this can be very influential on the value of bitcoin because there are not many business people who invest in crypto. but this is only a temporary effect which usually when the world economy grows, the demand for bitcoin will certainly increase. things like this in trading are common.

These are just regular movements of bitcoin that it does all the time and after 6 years of being in bitcoin I can testify that big moves do happen but there are a lot of small moves that make no sense as well, I have seen plenty of small tiny moves like 300 dollars or whatever that didn't went to become anything important.