Topic: BITCOIN is stagnant why?? - page 2. (Read 325 times)

i think the Chinese new year dump was a real thing but not because of what people said about Chinese cashing out, but instead because of what people thought could possibly happen! and because of that fear they dumped themselves instead.

as for "stagnation"! you can't always explain everything. with the way price goes down below $10k (with constant dumps over time not just normal downtrend) i think some whales are not happy about their bags and want to increase the size of them so they are keeping the price down by dumping on exchanges...

its not that simple
if pools drop off.. block solves take a lil longer than the 10min average for a while... then the difficulty drops making it easier to mine. and also with less pools, means that the remaining pools get a bigger slice of the pie.

..
the reality is that pools have mining equipment hashing NON stop. even if their pool has not won that particular block.
because there are only ~144 blocks a day. thats only 144 slices.

imagine if there were 144 pools of all equal hash rate. they would only get (theoretically) 1 block each.
imagine if there were 72 pools they would only get (theoretically) 2 block each.
imagine if there were 36 pools they would only get (theoretically) 4 block each.
imagine if there were 18 pools they would only get (theoretically) 8 block each.
imagine if there were 9 pools they would only get (theoretically) 16 block each.

so lets say 36 pools now and it dropped to 9 pools
each pool went from 50btc a day to 200btc a day

so even if the price went from $10k to $5k the income would be from $500k but then upto $100k after pools dropped off..

..
there are many facets to the economics of mining. but be sure mining pools will not all give up 100%.. there will always be some that mine
but i simplified the basics of mining pool economics, though could have gone into further detail in regards to how the difficulty drop also affects income

Chinese new year has no impact on bitcoins price because the time that it was about to come bitcoins price has just started and slowly recovering.Though bitcoin was banned in china pretty sure there were still holders of bitcoin in that country and holding coins was not the reason why it dumps.Maybe it does became stagnant according to your term maybe because of the whales that are manipulating bitcoins price that is why movement were becoming very volatile.There were also new in this forum that invested and when they saw the price keeps on dumping they did panic selling because of being afraid that they might lose their investments for good.

It is not expensive considering how much more energy it costs to mine 1BTC. Prices must go up otherwise no one will mine bitcoin.

Because $10,000 is still way too expensive, especially now that there are so many altcoins with the same functionality.  Keep in mind that Bitcoin went from $200 to $10,000 and very few fundamentals have changed between 2014 and 2018.  No one has been able to demonstrate a justification for this rise beyond mania and FOMO.  Be thankful that it's at $10,000.  Don't be surprised when it falls back under $1,000.

Yes it is true that chinese new year is one of the causes of the bitcoin price slide, but now that chinese new year is over, I hope bitcoin prices will start step towards the moon again in the near final end.

The price is not always going up, is not it? You should leave everything to time. Before anything else you have to guarantee yourself ,because that is what you have today but it may not be tomorrow, according to that if you need to make profit, you can interest with paper money, namely FOREX. In fact, you earn more money with crypto in a very short time, but I think FOREX is much better than crypto.

They say sometimes  that it is stagnant  because it doesn't walk or just stay in the price but it's not permanent value to

it's not stagnant. but it's a bear and technical traders won't go and stay long till we get out of it

It is stagnant because we have too many altcoins and regulations to come. If bitcoin foundation had patented blockchain from the beginning it could be different. Bitcoin could be $50k now with no competition.
Today any snowflake can duplicate blockchain and create new shitcoin.

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.

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?