Topic: Bitcoin is crashing due to the falling price? - page 2. (Read 2063 times)
Bitcoin will be back soon. Watch out. The last few years bitcoin was very strong in the last quarter of each year and it is highly that it will continue this year too.
Everything is possible even $1000 is possible. Is it likely to happen now? Maybe. Maybe not. When more people in media screams Bitcoin is dead then is't time to buy Bitcoin 
yes indeed the price of bitcoin affects many of its enthusiasts. if the price of bitcoin can't go up and down, there must be many people who invest. and don't know what bitcoin is, he just wants to make a profit.
the price of bitcoin falls due to rumors that create big people who have billions of dollars invested in bitcoin made it specially so that people start to panic and sell their coins and the same people who create such news simply buy everything at a ridiculous price for them
actually the price of bitcoin is falling probably due to bad news that makes these traders panic so that it sells bitcoin at a very cheap price to secure the assets they have so as to make the price of bitcoin at the exchange falls.
like basically bitcoin will remain with its technology, this will not be destroyed if obstacles are blocked. if the price of btc a few years ago was very cheap, look at $ 6000 now, no one thought that year. this will soon improve
Btc market is down but that doesn't mean that it will remain like this all the time. Bitcoin is the best crypto currency among all which had already proved it's ability. It is also the most oldest one. Now the price of Bitcoin is low that's around 7000$. We all know that crypto currency is flactuating one. The price always goes up and down.
Today the price is low but that doesn't mean that the price will be low like this all the time. To me the price will rise again. It's just the Matter of time.
Today the price is low but that doesn't mean that the price will be low like this all the time. To me the price will rise again. It's just the Matter of time.
i agree with this think.but bitcoin really popular. this coin have a stay in every people. so i think in the future this market will increase again.
Bitcoin price drops is inevitable and we should be aware of it because crypto currency make surprises everyday that we don't even expected to come just like price crashing so dip that bitcoin having hard time coping up with, as well for all the alternative coins. Hoping bitcoin can recover full time before this year ends so that we can enjoy great holidays to come and so that we can face another great new year to come for crypto currency.
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Bitcoin has experienced the same thing as many other coins have. However, it is certainly true that Bitcoin is not dead because of some following reasons:
- More people are using Bitcoin
Metrics gauging Bitcoin users and usage all point to a continuous uptrend, albeit with peaks and alleys along the way, just like with any new technology. First, transaction volume per day is probably the most straighforward metric, which is the most important index. Admittedly, the recent drop in volume is significant. However, part of this could be due to the increasing practice of transaction batching, which lowers overall volume.
- Bitcoin will not die although it has fallen to approximately $ 6.000
Although the number of current wallets and addresses is not relevant to the number of users worldwide (because most electronic wallets now consistently generate new addresses and one user can have multiple accounts), it still draws a general picture of the increasing popularity.
Blockchain, one of the most popular Bitcoin wallets, has had a rapid increase in new accounts, with nearly 24 million accounts at the time of writing. In addition, one of the most popular Bitcoin exchanges in the world, Coinbase, has recently reached 20 million users among 35 countries.
With these figures, the number of Bitcoin users is expected to reach 200 million by 2024, according to RT reports.
- The problem of scalability is being resolved well
As Bitcoin experienced a surge in new interest and users, the network became congested, leading to a spike in transaction costs at the end of last year. The adoption of SegWit, a block-weight optimization solution, has not only eased some of the costs for now, but also opened the door for developers to work on layer-two scaling projects.
Specifically, the Lightning Network, as well as other optimizations in the pipeline, such as Confidential Transactions, Bulletproofs is designed to make transactions in Bitcoin and other cryptocurrencies more private and secure, or other optimizations, such as Schnorr Signatures, are expected to make Bitcoin transactions cheaper, faster, and more private in the not-too-distant future
- Hash rate is recorded high
The Bitcoin network hash rate has been constantly climbing to the current record highs. Hash rate is the amount of computing power Bitcoin is using. The current rate is at around 25 million TH/s – a massive amount of computing power. In fact, the computing power required to successfully attack the Bitcoin network doesn’t even exist, making it the most secure and immutable peer-to-peer cryptocurrency network in the world.
It is obviously true that “Bitcoin has achieved a level of computing that no single nation state can overthrow it through computation alone,”.
#Bitcoin
#Rothscoin
Bitcoin has experienced the same thing as many other coins have. However, it is certainly true that Bitcoin is not dead because of some following reasons:
- More people are using Bitcoin
Metrics gauging Bitcoin users and usage all point to a continuous uptrend, albeit with peaks and alleys along the way, just like with any new technology. First, transaction volume per day is probably the most straighforward metric, which is the most important index. Admittedly, the recent drop in volume is significant. However, part of this could be due to the increasing practice of transaction batching, which lowers overall volume.
- Bitcoin will not die although it has fallen to approximately $ 6.000
Although the number of current wallets and addresses is not relevant to the number of users worldwide (because most electronic wallets now consistently generate new addresses and one user can have multiple accounts), it still draws a general picture of the increasing popularity.
Blockchain, one of the most popular Bitcoin wallets, has had a rapid increase in new accounts, with nearly 24 million accounts at the time of writing. In addition, one of the most popular Bitcoin exchanges in the world, Coinbase, has recently reached 20 million users among 35 countries.
With these figures, the number of Bitcoin users is expected to reach 200 million by 2024, according to RT reports.
- The problem of scalability is being resolved well
As Bitcoin experienced a surge in new interest and users, the network became congested, leading to a spike in transaction costs at the end of last year. The adoption of SegWit, a block-weight optimization solution, has not only eased some of the costs for now, but also opened the door for developers to work on layer-two scaling projects.
Specifically, the Lightning Network, as well as other optimizations in the pipeline, such as Confidential Transactions, Bulletproofs is designed to make transactions in Bitcoin and other cryptocurrencies more private and secure, or other optimizations, such as Schnorr Signatures, are expected to make Bitcoin transactions cheaper, faster, and more private in the not-too-distant future
- Hash rate is recorded high
The Bitcoin network hash rate has been constantly climbing to the current record highs. Hash rate is the amount of computing power Bitcoin is using. The current rate is at around 25 million TH/s – a massive amount of computing power. In fact, the computing power required to successfully attack the Bitcoin network doesn’t even exist, making it the most secure and immutable peer-to-peer cryptocurrency network in the world.
It is obviously true that “Bitcoin has achieved a level of computing that no single nation state can overthrow it through computation alone,”.
#Bitcoin
#Rothscoin
yes it is, all items will appear to fall because they are invaluable
as well as bitcoin will look invaluable because the price goes down
I don't think that anything bad will happen to btc as it is really powerful
There is no specific reason why this currency has fallen so. It may be because Bitcoin Cash is adjusting its algorithm difficulty.
The difficulty of Bitcoin Cash has dropped to 5% compared with the time of 01/08, the profit from excavation in comparison with BTC has increased more than 58%.
This is a complex issue in many respects. As time goes by Bitcoin Cash can not create new blocks until the difficulty level is adjusted, then the network creates 50 cubic feet per hour. Continuous difficulty adjustment makes the transaction time unpredictable. That could lead to inflation.
The difficulty of Bitcoin Cash has dropped to 5% compared with the time of 01/08, the profit from excavation in comparison with BTC has increased more than 58%.
This is a complex issue in many respects. As time goes by Bitcoin Cash can not create new blocks until the difficulty level is adjusted, then the network creates 50 cubic feet per hour. Continuous difficulty adjustment makes the transaction time unpredictable. That could lead to inflation.
yes, because many people doing scam to other people for that price of bitcoin has fall and for the government process many agency in the our country bitcoin will rise down
Bitcoin has come to stay, it can only deep to go to the moon. People should be wise and librate themselves from financial slavery by learning how bitcoin works and get into the business.
Bitcoin is not the only way to liberate oneself from financial crisis sometimes you just need to manage your budget do more jobs than keeping a regular. Bitcoin for me is the alternate way to pay bills without the hassle and secondary way to get income rather than solely rely on it for money.
The reliable bitcoin never dies. You just have to wait a long time because all of the altcoins and tokens return to their previous price. The reason is that many of the cryptos are being launched and there is one particular that has all the technology needed to feel your money is safe, AML BitCoin.
It won't happen. The early crashes (2014 and earlier) were orchestrated by a single actor or a bad exchange. Nowadays there's a lot of shitcoins, which if you look past the fact that they are an obvious cash grab, do in fact legitimize Bitcoin. In other words, new ICO's build off the legitimacy of BTC, and at the same time legitimize BTC with their shitiness.
What's stopping the price to go to $1000?
It won't happen. The early crashes (2014 and earlier) were orchestrated by a single actor or a bad exchange. Nowadays there's a lot of shitcoins, which if you look past the fact that they are an obvious cash grab, do in fact legitimize Bitcoin. In other words, new ICO's build off the legitimacy of BTC, and at the same time legitimize BTC with their shitiness.
Everything is possible even $1000 is possible. Is it likely to happen now? Maybe. Maybe not. When more people in media screams Bitcoin is dead then is't time to buy Bitcoin
I don't think it's crashing despite it's low market price. One can't say that bitcoin is crashing when it's even at $1000 or less then, and now not when it's price is just fluctuating between $6000 and $7000 just that price is not stable up.
I don't think so about this. I guess BTC specially may not crash in the first place maybe other cryptocurrency but not this one. Decreasing of price in the first place was not the reason to crash BTC as it is very founded that much this time. As many people believing on this project people will empower it and put it in the next level. It maybe drop its price as it inflates for me but it would not probably drop or even crash.
Actually i cannot point a reason of bitcoin falling price, but i think it is a normal occurrence in the crypto world.
The price of bitcoin is not crashing, the crashing one is altcoin now. Many altcoins in the market down above 20% in the past days.
The price of bitcoin is not crashing, the crashing one is altcoin now. Many altcoins in the market down above 20% in the past days.
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