Just because price dropped a bit doesn't mean we will have a bear year. I am not saying we won't because honestly nobody knows what will happen to bitcoin, it can go over 20 thousand dollars this year or it can go under 2 thousand dollars this year and both cases would be not surprising considering how volatile bitcoin is but just because we had a 300 dollar drop doesn't mean we will have a bear run and it also doesn't mean we will have a bull run just because it went from 3400 to 4200 as well.
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.
Topic: Bitcoin factors drop in 2019 and now. - page 2. (Read 515 times)
i just saw samsung's announcement that they're adding crypto key storage to their next line of phones. great news right? price doesn't care, not a bit. if anything it dumped a several hundred bucks. that's the bear market for ya lol.
Noobies can say, but but, they sold the news.
In all seriousness, news is barely the result of any actual move. People blindly assume it is because the price coincidentally was already going up or down at that point or slightly after the event. We had so many news events that people believed was the reason the price was tanking (e.g. social media attack on crypto advertisements, stricter regulations in Japan, South Korea, etc) that it's almost a miracle we're still above $3000.
The most important factor here is the fact that 2017's bull market was completely unsustainable, and given that bitcoin prices generally move in cycles in the long term of bull and bear markets (just like any assets), a period of bearishness, dips, and general market inactivity was quite foreseeable even before the bear market actually happened
Well, let me play the devil's advocate here. Thank you
I agree that many "real-life" assets move in cycles as this is exactly what we should expect as the economy itself develops through bumps and jumps mostly. But how do we know that Bitcoin as well as other cryptocurrencies is going to follow this pattern in the first place? There's not much that relates it to real economy
For example, I could say (and you actually confirm my words) that the massive bull run of 2017 was entirely due to hype and speculation, and that it had nothing to do with real factors from the real world. So how can we really equal Bitcoin to other assets here and say that it is going to "be right back"? This surge may well have been a one-off event
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.
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.
I don't think that most of these factors that you list actually had much of a tangible impact on the price drop in recent months.
The most important factor here is the fact that 2017's bull market was completely unsustainable, and given that bitcoin prices generally move in cycles in the long term of bull and bear markets (just like any assets), a period of bearishness, dips, and general market inactivity was quite foreseeable even before the bear market actually happened.
For now, I actually think that positive regulations, the community driven nature, as well as institutions entering the market are all positive factors that will contribute to the upcoming bull market. When this bull market will emerge and the recovery will come though is up for speculation, though I'd expect it to come mid to late next year latest due to the halving.
what bad news? and how can you assume we're in a bear market because of some news stories?
you're onto something when you say "people are afraid to buy bitcoin again". that's the bear market mentality. it's not any particular news item or another. it's just the fact that we're in a bear market. demand is at extreme lows. no one is interested---especially because of the price trend. supply is strong because price has been crashing for a year straight. that's it.
i just saw samsung's announcement that they're adding crypto key storage to their next line of phones. great news right? price doesn't care, not a bit. if anything it dumped a several hundred bucks. that's the bear market for ya lol.
you're onto something when you say "people are afraid to buy bitcoin again". that's the bear market mentality. it's not any particular news item or another. it's just the fact that we're in a bear market. demand is at extreme lows. no one is interested---especially because of the price trend. supply is strong because price has been crashing for a year straight. that's it.
i just saw samsung's announcement that they're adding crypto key storage to their next line of phones. great news right? price doesn't care, not a bit. if anything it dumped a several hundred bucks. that's the bear market for ya lol.
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. But as the saying goes, when hope dies, action begins, so maybe it is the right time to move to something else other than trading? Though it may be not what you would like to hear
I was surprised yesterday after bitcoin lose around $300 dollars within twenty four hours. It is another dump that was not expected and it seems some people are ready to keep bitcoin below $4000. I think we should expect more bearish market this year than last year.
Hey I'm not surprised by the dump as we all should have seen it coming, people these days tend to sell quickly as soon as Bitcoin prices rises. I believe most of these people who sold had brought it at 3300$ 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.
i think these are all just indications that 2017 was a raging bull market. no matter how many roadblocks we saw in china and india, nothing could stop it, for the same reason that bad news never ends a bull run.
i also think japan granting licenses to exchanges in 2017 was a reaction to the booming industry/demand, not the cause of it. it probably fed into the hype but we were already experiencing a bubble at that point. it was headed higher no matter what.
Bitcoin price movements in 2017 are different from the price differences that occur at this time because nowadays there is a lot of bad news circulating in Bitcoin and many do not provide support or are afraid to buy bitcoin again.i also think japan granting licenses to exchanges in 2017 was a reaction to the booming industry/demand, not the cause of it. it probably fed into the hype but we were already experiencing a bubble at that point. it was headed higher no matter what.
what bad news? and how can you assume we're in a bear market because of some news stories?
you're onto something when you say "people are afraid to buy bitcoin again". that's the bear market mentality. it's not any particular news item or another. it's just the fact that we're in a bear market. demand is at extreme lows. no one is interested---especially because of the price trend. supply is strong because price has been crashing for a year straight. that's it.
i just saw samsung's announcement that they're adding crypto key storage to their next line of phones. great news right? price doesn't care, not a bit. if anything it dumped a several hundred bucks. that's the bear market for ya lol.
we have seen many cases of regulations leading to big rises like Japan in 2017 which was one of the main reasons for the big rally to the ATH. and we have also seen negative cases of regulation that didn't do anything to price! like China and India in 2017 which despite all their roadblocks people continued buying bitcoin and price continued rising.
i think these are all just indications that 2017 was a raging bull market. no matter how many roadblocks we saw in china and india, nothing could stop it, for the same reason that bad news never ends a bull run.
i also think japan granting licenses to exchanges in 2017 was a reaction to the booming industry/demand, not the cause of it. it probably fed into the hype but we were already experiencing a bubble at that point. it was headed higher no matter what.
we have seen many cases of regulations leading to big rises like Japan in 2017 which was one of the main reasons for the big rally to the ATH. and we have also seen negative cases of regulation that didn't do anything to price! like China and India in 2017 which despite all their roadblocks people continued buying bitcoin and price continued rising.
i think these are all just indications that 2017 was a raging bull market. no matter how many roadblocks we saw in china and india, nothing could stop it, for the same reason that bad news never ends a bull run.
i also think japan granting licenses to exchanges in 2017 was a reaction to the booming industry/demand, not the cause of it. it probably fed into the hype but we were already experiencing a bubble at that point. it was headed higher no matter what.
as for regulations i won't say it is ineffective and it wouldn't say it is effective either. obviously it is a force that can affect the market and bitcoin future price a lot but it is nowhere near how some people make it to be.
we have seen many cases of regulations leading to big rises like Japan in 2017 which was one of the main reasons for the big rally to the ATH. and we have also seen negative cases of regulation that didn't do anything to price! like China and India in 2017 which despite all their roadblocks people continued buying bitcoin and price continued rising
we have seen many cases of regulations leading to big rises like Japan in 2017 which was one of the main reasons for the big rally to the ATH. and we have also seen negative cases of regulation that didn't do anything to price! like China and India in 2017 which despite all their roadblocks people continued buying bitcoin and price continued rising
That's what I'm telling
It all depends on what kind of regulation we are talking about. If this regulation is about making our lives easier (read, it is overall in favor of Bitcoin), then it is going to help Bitcoin, as simple as it gets. But if it is more about putting grit in the Bitcoin "dream" machine, then such regulation will hurt cryptocurrencies (just as simple). The days when regulations didn't mean anything (like in 2011 when Bitcoin was virtually unknown) are long gone
no "bitcoin factor" has dropped! the only thing that has dropped is the price which was mostly because of the bubble and then because of the panic. and fundamentals are getting stronger every day.
as for regulations i won't say it is ineffective and it wouldn't say it is effective either. obviously it is a force that can affect the market and bitcoin future price a lot but it is nowhere near how some people make it to be.
we have seen many cases of regulations leading to big rises like Japan in 2017 which was one of the main reasons for the big rally to the ATH. and we have also seen negative cases of regulation that didn't do anything to price! like China and India in 2017 which despite all their roadblocks people continued buying bitcoin and price continued rising.
as for regulations i won't say it is ineffective and it wouldn't say it is effective either. obviously it is a force that can affect the market and bitcoin future price a lot but it is nowhere near how some people make it to be.
we have seen many cases of regulations leading to big rises like Japan in 2017 which was one of the main reasons for the big rally to the ATH. and we have also seen negative cases of regulation that didn't do anything to price! like China and India in 2017 which despite all their roadblocks people continued buying bitcoin and price continued rising.
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.
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.
regulation simply doesn't matter. there was zero regulation whatsoever when bitcoin bubbled in 2011. and that was the biggest bubble to date in percentage growth terms. the idea that regulation is required for the price to grow is a fallacy
I have to disagree with this perspective
First of all, we simply can't take 2011 and claim it was the biggest and baddest bubble of all so far. The reason should be obvious. Back then there was no Bitcoin market as such, so it is not quite correct to talk about a bubble. In other words, price could be any as it didn't have any meaning yet across whatever markets existed back in the day
Second, you don't specify what kind of regulation you are talking about. For example, if Bitcoin is universally regulated anywhere close to how it is done in Japan (Bitcoin being legally equal to a foreign currency there), that would most definitely contribute to Bitcoin value. To deny this would amount to being in denial
I was surprised yesterday after bitcoin lose around $300 dollars within twenty four hours. It is another dump that was not expected and it seems some people are ready to keep bitcoin below $4000. I think we should expect more bearish market this year than last year.
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.
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.
regulation simply doesn't matter. there was zero regulation whatsoever when bitcoin bubbled in 2011. and that was the biggest bubble to date in percentage growth terms. the idea that regulation is required for the price to grow is a fallacy.
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.
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.
again, it has nothing to do with regulation. ample regulations already existed around security tokens---most ICO fundraisers just chose to ignore them.
the fact is that the bull market ended. all the hype died. people stopped believing they could buy into the latest hot token and become a millionaire overnight. so the market started dumping, which caused investors to start dumping to lock in profits or cut losses. this is how all markets work.
You know for now, the price of Bitcoin is slowly falling.
"slowly falling" means price is losing a couple of percentages every couple of hours and at least goes down 10% per day. do you see that happening?obviously not. all we had was a rise from $3600 to $4200 and then the panic kicked in from people thinking it is a "bull trap" and wanted to get out and price came back down to $3700+ that is not called "slowly falling".
Quote
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%.
your percentages are a bit off. this year we had mostly ups and downs not just drop. price started from a drop down to $3100 and went up to $4k and back to $3500 to stay there. and the overall drop is closer to 85%Quote
I think that for this there are several main reasons why Bitcon prices and other digital currencies continue to plummet.
the reason for bitcoin price drop is not the same as the reason for altcoin price drops.your reasons don't make much sense to me. you are focusing too much on the "government" while missing the fact that bitcoin is decentralized and things that involve centralization such as regulations are meaningless in the bigger picture.
Bitcoin is tradable so the price may vary to the supply and demand of the market so if it goes down obviously someone sold his/her supply to a much lower price, the $73.9 billion market cap. of bitcoin yesterday falled to $67.3 billion now, let's say a whale sold his $6.6 billion worth of Bitcoin that's why the price drops down, yes it's possible but I believe on momentum also because a $6.6billion is a big trade if only one trader did this, I may say a group of traders made this happen and some cryptocurrency trading bot.
Why is it most of the people always say that the price is manipulated when it goes down but when it's going up there's a bull market.
Why is it most of the people always say that the price is manipulated when it goes down but when it's going up there's a bull market.
crypto market is just highly manipulated right now, at the other hand crypto markets will have way more demand during financial crysis and such.
If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
I don't find it a manipulation, this seems to be a large volume fund transfer or withdrawal from the market circulation by a whale. This has lead to the gradual growth at the $4200 to fall low to $3800 in a very short time period.If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
Manipulation is painful, but this is what happens, we must be able to read the situation in crypto so that we avoid the whale's trap. The market game does look exciting but this gamble makes us suffer losses if we are not able to read the tricks of the pope itself. So keep calm and be patient, because all of this is only a game that we must manage well.
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.
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. 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.
crypto market is just highly manipulated right now, at the other hand crypto markets will have way more demand during financial crysis and such.
If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
I don't find it a manipulation, this seems to be a large volume fund transfer or withdrawal from the market circulation by a whale. This has lead to the gradual growth at the $4200 to fall low to $3800 in a very short time period.If in the future we see a series of devaluation in known currencies usd, euro and others you can be sure that crypto skyrockets then.
The most important factor is the number of exchanged coins. Not many coins are sold on exchanges and it's usually the same coins. Take total supply and subtract lost and abandoned coins, coins traded OTC, coins owned by hodlers, and you're left with 50% or less. The price is based on that amount. If somebody sells 10 thousand coins on exchange there's not enough liquidity for it not to start a cascade and panic and this isn't a big part of total supply. It shouldn't move the price that much.
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