BITCOIN is stagnant why?? | Bitcointalksearch.org

CryptoBry

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Quote from: player514 on February 24, 2018, 07:53:08 PM

Quote from: bitcoinbillionaireboy on February 24, 2018, 07:46:18 PM

Can anyone help to explain why BITCOIN. Movement is now stagnanted?
Many people said Chinese new year is the cause of the downward movement of the market.
Please how true is this?

I think you should clarify your statement. Do you mean stagnant at the current 10k range? Because right after mentioning it being stagnant, you stated a downward movement. It's possible that it's been going down because of Chinese new year's, but I doubt that. Instead, I just think it has to do with a lack of news about bitcoin and cryptocurrencies in general. Nothing major has happened since we heard about a super large investor, but there have been small news articles here and there that slightly influence price. Nothing too big that could cause a full momentum shift.

You are right. I can sense that Bitcoin is now in a doldrums phase. While there is a good amount of excitement still existing in the Bitcoin community, there is also a feeling of doom and gloom at the sideline. Everything will boils down to what the general market is exhibiting. Hopefully after the first quarter of this year, we can see a rising Bitcoin due to new markets opened and new participants entering the Bitcoin market.

magneto

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Quote from: bitcoinbillionaireboy on February 24, 2018, 07:46:18 PM

Can anyone help to explain why BITCOIN. Movement is now stagnanted?
Many people said Chinese new year is the cause of the downward movement of the market.
Please how true is this?

The end of Chinese New Year had no effect on bitcoin. If anything it would have pushed price of bitcoin up as people would have dumped before the Chinese New Year and started accumulating again after the new year.

So that theory is really not working out right now.

It's stagnant, because the market forces are pretty much in the equal. We're hanging around $9k-11k with very little room upwards or downwards at the moment. I think that we're testing the waters with $11k right now, with support being established at $10k instead of $9k, which is why we're moving in a very strict range of prices.

gabmen

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Quote from: posoa on February 27, 2018, 12:13:35 PM

Quote from: Naficopa on February 26, 2018, 12:12:38 PM

Quote from: Aleksandr_ov on February 26, 2018, 11:22:44 AM

it may seem that the market stagnates. but in fact, he expects a portion of the news!

As for me, bitcoin is not stagnant, it only moves in a sideways trend. There is indecision on the market. If there is any significant impulse, the market may move up or down.

I really agree with you that Bitcoin is not stagnant, looking at the rate it drop to which was about 6000K during the period of the dip and now it has rise above 10000K, it cannot be said to be stagnant. A lot of factors might have contributed to it, including the banning of Bitcoin in China, bad press publicity about Bitcoin and cryptocurrency, and possible some whales controlling its price. Actually, HODLING just for a little while will be the best thing to do , as investing in Crypto remains the best thing to do. The Market price fell and the fluctuations in the price of bitcoin may be use by some to Conclude that it is stagnant, which is not.

Lol. Stagnant is quite the opposite of being volatile. Btc is highly volatile. If it becomes stagnant then we can all talk about it becoming a currency at this stage. Dude's probably expecting a big pump after the chinese holidays Cheesy

vibingpositively

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Nobody will know the cause of the downtrend, the Chinese New Year thing was speculation and will always be speculation. Also you say stagnant but we call that consolidating and that is a part of trading. Trading isn't always in a up or down trend, sometimes you have periods of ranging and that is exactly what is currently ongoing in todays markets.

posoa

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Quote from: Naficopa on February 26, 2018, 12:12:38 PM

Quote from: Aleksandr_ov on February 26, 2018, 11:22:44 AM

it may seem that the market stagnates. but in fact, he expects a portion of the news!

As for me, bitcoin is not stagnant, it only moves in a sideways trend. There is indecision on the market. If there is any significant impulse, the market may move up or down.

I really agree with you that Bitcoin is not stagnant, looking at the rate it drop to which was about 6000K during the period of the dip and now it has rise above 10000K, it cannot be said to be stagnant. A lot of factors might have contributed to it, including the banning of Bitcoin in China, bad press publicity about Bitcoin and cryptocurrency, and possible some whales controlling its price. Actually, HODLING just for a little while will be the best thing to do , as investing in Crypto remains the best thing to do. The Market price fell and the fluctuations in the price of bitcoin may be use by some to Conclude that it is stagnant, which is not.

xiaohao111

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Quote from: bitcoinbillionaireboy on February 24, 2018, 07:46:18 PM

Can anyone help to explain why BITCOIN. Movement is now stagnanted?
Many people said Chinese new year is the cause of the downward movement of the market.
Please how true is this?

I don't think so. Chinese New Year has little impact on bitcoin. The price of bitcoin has risen a lot during the Chinese New Year. And bitcoin isn't stagnant. It's always changing.

marjil

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Not sure how you can say bitcoin is stagnant. The week before last it fell from $11k to $6k, so lost half its value. In the past week it went back up from $6k to $11k again, so that's a 50% increase. These are incredible price movements by anyone's standards. So I don't see the price of bitcoin as stagnant at all.

TonyFat

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the whole market fell, no one really can tell what it's connected with and we just have to wait

boy130

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I've heard people complaining about Chinese new year somehow causing a dip in the market, the same thing was said last February during the dip. However, coincidentally at the same time there was a lot of negative press regarding bitcoin and cryptocurrencies, so I really don't see how the dip is attributed to Chinese new year.

In any case, looking at the trends there are always periods of stagnancy, though cryptocurrencies are genuinely thought to just go up or down, there are of course going to be periods where they just trade sideways. You should always be careful in this situation though, as negative news in a sideways trading situation may lead to a decrease in price, whilst positive news will lead to an increase. At least the market is easier to understand when trading sideways, even if you're not profiting.

owlman

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Quote from: bitcoinbillionaireboy on February 24, 2018, 07:46:18 PM

Can anyone help to explain why BITCOIN. Movement is now stagnanted?
Many people said Chinese new year is the cause of the downward movement of the market.
Please how true is this?

And how would you like the price of bitcoin to constantly increase? You know perfectly well that this will not happen. It is necessary to wait a little more before bitcoin again began to grow.

RawDog

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Quote from: Naficopa on February 26, 2018, 12:12:38 PM

Quote from: Aleksandr_ov on February 26, 2018, 11:22:44 AM

it may seem that the market stagnates. but in fact, he expects a portion of the news!

As for me, bitcoin is not stagnant, it only moves in a sideways trend. There is indecision on the market. If there is any significant impulse, the market may move up or down.

Very high fees made everyone leave. Now, there are almost no transactions. Too many people are working hard to make alts and low fee versions of Bitcoin like Bitcoin Cash.

Bitcoin was king for almost 10 years. That is very cool. Now the technology moves on.

Even Greg Maxwell who fucked everything up has moved on. Time for you to move on too.

Naficopa

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Quote from: Aleksandr_ov on February 26, 2018, 11:22:44 AM

it may seem that the market stagnates. but in fact, he expects a portion of the news!

As for me, bitcoin is not stagnant, it only moves in a sideways trend. There is indecision on the market. If there is any significant impulse, the market may move up or down.

hoangthipro244

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Quote from: bitcoinbillionaireboy on February 24, 2018, 07:46:18 PM

Can anyone help to explain why BITCOIN. Movement is now stagnanted?
Many people said Chinese new year is the cause of the downward movement of the market.
Please how true is this?

China, Korea, Japan and some countries are trading bitcoin. I am in Vietnam and my government also implements the above measures

Aleksandr_ov

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it may seem that the market stagnates. but in fact, he expects a portion of the news!

gaurav82

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I believe that BITCOIN is not stagnant. Rather i believe it is more volatile than other currencies. The word stagnant can use if compete with other crypto. Investor faith on bitcoin more than other crypto. It recovers faster than other.

wantjokull

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Quote from: bitcoinbillionaireboy on February 24, 2018, 07:46:18 PM

Can anyone help to explain why BITCOIN. Movement is now stagnanted?
Many people said Chinese new year is the cause of the downward movement of the market.
Please how true is this?

Here we go! Day after day people keep asking question like anything but I do feel that each question should have the meaning. You guys keep asking the question when the bitcoin prices are unstable and getting wavy patterns over the CMC. Then again as the prices are not stable there will be threads asking why the bitcoin price is not stable and when the prices are again stable now, you will come up with stagnancy word and ask why it is like that. Lolz.

The reasons are simple and all of them can be correlated with the current events. I mean asking question is not bad but why we cant correlate them before asking. This will improve the thinking process I tell you. Tongue

RawDog

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Quote from: bitcoinbillionaireboy on February 24, 2018, 07:46:18 PM

Can anyone help to explain why BITCOIN. Movement is now stagnanted?

The fees ran up to about $35 per transaction. Then everyone quit using the network. Merchants disconnected all their support. Many of the smartest people went off to work on coding alts. Basically, Core ran everyone off and the network is falling apart. But since there are so many morons praying 'HODL' - the price stays high. For a little while longer. Not much longer. Ethereum will take over before summer. Ethereum is actually a very strong technical system will loads of smart people working on it. Core is a total bust of infighting and censorship.

smarteth

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Fud news Fear Uncertainty and Doubt is effecting Bitcoin in very large way so market is stable with less movement we can see Bull Run some in may month

Shreek

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in my opinion, this is not the influence of chinese new year, because chinese new year is long over. I think this is still in the time of natural correction, so the price of bitcoin has not been stable.

so I see, this is due to many investors who are already bored with bitcoin, so they choose to go from bitcoin. spreading decreases and volume is also low.

but do not worry, because I'm sure bitcoin will wake up and rise again. many are predicting bitcoin prices in the year will reach $ 50000 more.

toti.

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The "stagnation" of the last couple days is directly tied to the mining difficulty increase, clogged mempool and heavy fees.

Topic: BITCOIN is stagnant why?? (Read 305 times)