Topic: Bitcoin price is going down. (Read 750 times)
The bitcoin price went down for about two weeks and now is about to shoot itself to the sky again. The price was down for weeks due to the recent market correction but it appears the price has started recovering because it gains about 8% increase in value.
Bitcoin quickly rose in price from November 2017. The rate of increase was such that the price increased by $ 3,000 per day. Of course, after such an increase, there was to come a fall and it came. I think after the New Year trade will come alive and bitcoin will start to rise again.
That will mostly happen after the pump of the bitcoin.that is the characteristic of the bitcoin after the hard pump then the dump will follow. Though dont be afraid because mostly it is just temporary it would be stable.for a moment it will not be dumping really hard and loss its value it will never happen .now it is new year the price now is dumping hopefully it will be up soon
It has been in a high price for too long so i guess it is just normal for this price to go this way. We cant really speculate another fork or even huge events like countries joining bitcoin. Their are a lot of factors but those are mainly the simplest explanations. So as a trader it is better to buy at this price because even next week, the price might go again in surge surpassing the 19K highest peak.
Bitcoin quickly rose in price from November 2017. The rate of increase was such that the price increased by $ 3,000 per day. Of course, after such an increase, there was to come a fall and it came. I think after the New Year trade will come alive and bitcoin will start to rise again.
That will mostly happen after the pump of the bitcoin.that is the characteristic of the bitcoin after the hard pump then the dump will follow. Though dont be afraid because mostly it is just temporary it would be stable.for a moment it will not be dumping really hard and loss its value it will never happen .now it is new year the price now is dumping hopefully it will be up soon
No need to worry, price decreases like this every now and then are expected by now. Since the resistance at $20K was too strong, the price the price couldn't go up through the threshold and had to correct itself. I'm sure it will pick back up in a few days.
Yeah I agree for that., when price decrease it means a lot and full of spectations that would happen when it turns up again can it take high prcie balue or not? But me for sure that price now and then will taking higher as we know that bitcoin is always finding for a better progress and this progress is the part of pricing the value high and low so that it can take ways to come out some time in the market way. I think this has a something related with the coming of Christmas and New Year's day, most people would be more busy themselves for that, and not too busy with bitcoin/other cryptocurrency. But I'm still very sure.. it would bel moving towards higher again, let's see by over time.. if necessary doing a re-buy, it could be add to the chances of earning a more high profits.
May be you are right that due to Christmas the investment ratio decreased and due to which the price too but I am sure that in the next year its price will jump again and may it reach to 30000 dollars till the end of 2018. Let see what happens. If we look overall the market value of bitcoin it is increasing with the passage of time but some time due to unknown reasons the price falls a little bit but nothing to worry.
Bitcoin quickly rose in price from November 2017. The rate of increase was such that the price increased by $ 3,000 per day. Of course, after such an increase, there was to come a fall and it came. I think after the New Year trade will come alive and bitcoin will start to rise again.
Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.
Bitcoin's value has been fluctuating both sides, and have different reasons why is it so:
Firstly, "quoting" a reply of mine on this thread: Why is bitcoin price so high?
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?
Can't be called a bubble but an unexpected spike that was never seen or thought of before.
Reasons why it went up so high:
- Bitcoin gained traction after it surpassed its previous ATH during the beginning of 2017.
- Seeing the spikes, everyone joined the train and went with the flow.
- Afterwards, according to the plans, a "season of forks" came into action. BCH was announced and to get more of what they were expecting from their free money, they started pumping in more cash in Bitcoins.
- Value spiked to more than 20 times in a year itself because of total number of users getting added daily broke records everyday.
Now, telling you the reasons why it's decreasing:
- Bitcoin's adoption has spiked to an all new level that was never thought of, and there increased the number of such users too who "sell in panic".
- It's holiday season as well as New Year coming, it was obvious that the value was about to shrink.
- The "season of forks" has now stopped.
- Transaction costs increased and speed decreased.
- Finally, value rose 20 times, but if you see it as a drop from that level, it's not even down 50%.
Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.
Bitcoin's value has been fluctuating both sides, and have different reasons why is it so:
Firstly, "quoting" a reply of mine on this thread: Why is bitcoin price so high?
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?
Can't be called a bubble but an unexpected spike that was never seen or thought of before.
Reasons why it went up so high:
- Bitcoin gained traction after it surpassed its previous ATH during the beginning of 2017.
- Seeing the spikes, everyone joined the train and went with the flow.
- Afterwards, according to the plans, a "season of forks" came into action. BCH was announced and to get more of what they were expecting from their free money, they started pumping in more cash in Bitcoins.
- Value spiked to more than 20 times in a year itself because of total number of users getting added daily broke records everyday.
Now, telling you the reasons why it's decreasing:
- Bitcoin's adoption has spiked to an all new level that was never thought of, and there increased the number of such users too who "sell in panic".
- It's holiday season as well as New Year coming, it was obvious that the value was about to shrink.
- The "season of forks" has now stopped.
- Transaction costs increased and speed decreased.
- Finally, value rose 20 times, but if you see it as a drop from that level, it's not even down 50%.
Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.
The reason why bitcoin price was going down because lot of people was affraid to trust and make a transactions such as investment. They affraid because other country has banned and consider as an scam but all of that is a false things that put in thier mind. Since bitcoin price was too high than any other countries whole over the world so that they affraid that it may cover the whole world.stated that they could not trust to bitcoin. Decreasing and increasing was a normal thing but the biggest portion of bitcoin was fall into increasing rather that decreasing.
If you think that bitcoin will continue decreasing then you are totally wrong . Bitcoin has already surpassed much bigger dumps and is still on a positive progress even tho it has decreased in these past weeks . Bitcoin will certainly achieve higher values and gain more ground in 2018 because we have already seen that it is capable to multiply it's market cap by 20 times . There's a much brighter future than any one thinks for this coin and whoever owned coins before 2017 is already a millionaire .
Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.
Bitcoin price is going down because of what is called the market correction. Whenever the bitcoin price grow to a certain level the correction will come in to balance the market. This is very common in the cryptocurrency ecosystem, so this is not the first time and will never be the last.
True. price action is fairly complicated unless you use charts to see its historical data and probably you will notice a pattern.
Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.
No need to worry about this. The currency fell, and in a few days it will again jump and surprise everyone else. This system is not so simple, and we will see surprises from it.
It can't go up forever... And those wild differences in rates between exchanges (cex.io - https://cex.io/btc-usd ; bitfinex - https://www.bfxdata.com/orderbooks/btcusd) $1000 gap is crazy. It should have come to a correction sooner or later.
Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.
I think one of the reason why bitcoin is dropping is because of the fork. But don't you worry. Drop is a part of bitcoin since bitcoin does not have a fix price. If it is not up then it is down.
It is still trying to find its solid new base or support. I wouldn't buy at Bitcoin's current state.
At this point there isn't and won't be such a thing as a solid base aside from the flat $10k level -- as long as we hover above that level we will be just fine. In the meanwhile we will bounce up and down like we have seen happen in the last days. It's a great opportunity for traders to take advantage of these ping pong movements. People should be happy with where we stand right now, especially if you look back at what price we entered this year. It's almost like people don't understand how much growth we have gone through, where they act like spoiled brats when the price goes down while they were strongly believing in a further increase....
That took long time back and today the price of bitcoin seems growing high with much stability. Here all that you need to have is patience, the patience will help with the opportunity for a bigger profit. Very few might have got the opportunity for earning there days.
I think bitcoin drops because of the price correction.
You don't say! Who could have imagined Bitcoin would drop because of a price correction.
Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.
it is always go up and down this is normally Economics session.
don’t be worry bitcoin stronger than died
Yes, it's normal bitcoin always go up's and down that's why you don't be worry of the price because i know when this year 2018 comes the value of bitcoin is increase and contninue to grow. And i agree with you that bitcoin is stronger than died.
Buy bitcoin rightnow
Absolutely the best time to buy bitcoin. To me this is more like a Christmas gift for those who missed this price initially. Do not let it go away and just buy in now when you can because at the end, we will go back to keep testing where we were and even end up testing even more. For now, and in this year, bitcoin has really shown us that there are so many opportunities ahead to tap from and it will be bad if you lose the moment. Jump to: