Bitcoin price is going down. - page 3.

ArIMy11

full member

Activity: 519

Merit: 101

Quote from: Member helper on December 20, 2017, 11:22:36 AM

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 bitcoin drops because of the price correction. I am still not checking the bitcoin price today but yesterday when I checked it out it is around 14K USD. That only means bitcoin does not recover yet. Well bitcoin drop is always a part pf any crypto currencies because no crypto has a fix price. Since it is a part of crypto you or we have nothing to worry about. Just look on the other side and think about something good like "it is time to buy bitcion" . after this drop there could be a very high recovery coz bitcoin may now reach 20K USD or maybe more. Remember how fast it reach 10K up to 18K USD in the last week to 1st week of January? That how powerful bitcoin is.

coinplus

legendary

Activity: 1386

Merit: 1058

Quote from: Duzter on December 21, 2017, 01:02:42 AM

Quote from: maxj57634 on December 20, 2017, 10:14:37 PM

Maybe its because of the dump in the trading market trader are dumping their bitcoin because they are having a high fee when doing a transaction, high for in the network transaction might be one of the reason for bitcoin price to go down.

Yes, dump in the trading market as well the price correction might be the cause for the fall in value. This might soon tend to grow further reaching a bigger value crossing $20000 before the christmas days. At present the growth happening with bitcoin cash might gave created panic among the user community.

Now we are seeing the weaker hands trembling, the whales cashing out and the market taking a huge dip for it.
Things will get back to the right level and we will see the market back to where it was initially but for now this is a healthy one that we have all been expecting and I really hope the sanity can come back to the market than just seeing FOMOs getting in at any value they just want without thinking.

Honestly, it is like this is just the normal thing that happens at times like this, and then we end up getting a balance for a while and starting a run in the next year. However, I would not be surprised, because things have changed and those who cashed out for Christmas may end up coming back to meet it at a higher price. Right now is just a chance to buy more at this dip and look forward to some pretty good profit.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: annam2017 on December 21, 2017, 02:33:30 AM

Bitcoin will adjust downwards and then further increase to 20,000-25,000 USD. But many people will favor switching to the top 20 coin

Switching to top 20 coins will not work here bro, if you had taken a look at the charts of all of them, you will know by now that they are like the worst to even want to get in to as they are really taking a huge fall as well. There is always the thing with other alts following bitcoin with the trend whenever it is falling and that is the reason why you should just stay with bitcoin than trying to find solace in alts as you will experience the same fate.

Gotomoon

sr. member

Activity: 719

Merit: 250

Quote from: Granxis on December 23, 2017, 12:25:10 AM

My observation is that the level of $ 13,500 has become the psychological limit for people. When Bitcoin falls below $ 13,500, it falls down to $ 11k. Very big bitcoin sales are taking place. In case of panic, there is a further decline.

At this point that btc price going down I think resistance level is strong it will further rising. Most panic if they should sell or buy btc, in this moment the best also is to buy back of btc. Even the price falls down just hold anyway btc will soon to hit the big pump.

blitz18

member

Activity: 248

Merit: 10

Im also a newbie and I invested in bitcoin late so I think the price will recover. I have believe on bitcoin stability and its path to be success even the decline of price is huge. Bitcoin price is going down it will rising and hopefully next year there is good news to us.

Granxis

hero member

Activity: 1400

Merit: 536

My observation is that the level of $ 13,500 has become the psychological limit for people. When Bitcoin falls below $ 13,500, it falls down to $ 11k. Very big bitcoin sales are taking place. In case of panic, there is a further decline.

liseff3

sr. member

Activity: 532

Merit: 255

Quote from: Member helper on December 20, 2017, 11:22:36 AM

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 this is caused by everybody tries to sell bitcoin at the same time, and this is happening because of financial need, especially the cost to enjoy the "Christmas And New Year" but impact on the fall in the price of bitcoin.
"I think that was a legitimate panic."

Quote from: kueyen on December 20, 2017, 03:14:41 PM

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.

I completely agree with the your opinion, and personally I`m not worried about it.
Because, this decline is only temporary and will rise quickly early January 2018.

nl247

full member

Activity: 518

Merit: 145

Quote from: EiKaGlaShPriSAThWEl on December 22, 2017, 10:51:57 AM

Quote from: Member helper on December 20, 2017, 11:22:36 AM

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.

What are you even saying? The fork that has been cancelled or the fake one that no one cares about which is organized by some group of scammers who I refer to as assholes and punks. There is no reasonable fork happening and the only reason the market is taking a dip now is because the whales and the scared newbies are cashing out which I see as a huge correction we have all expected and I believe which was fueled by Roger Ver with his BCH pump. I hope he is happy now with his BCH. The market will find its way back at the end.

CuDoCuDau

newbie

Activity: 82

Merit: 0

Buy bitcoin rightnow

BILGPS

full member

Activity: 378

Merit: 100

the rise and fall in the art of life sometime we become happy to maximize our income and to minimize our expenses like all this the currencies are following up and down movements. all we know that before few days the price were increasing but we are looking that now the prices are coming down and we are ready to wait for the good time because we know that the bitcoin value will rise as soon as possible. you have to be motivated towards this side if you have some friends in the bitcoin community you must discuss it with them.

EiKaGlaShPriSAThWEl

member

Activity: 182

Merit: 10

Quote from: Member helper on December 20, 2017, 11:22:36 AM

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.

Topaz72

member

Activity: 322

Merit: 10

Quote from: Duzter on December 21, 2017, 01:02:42 AM

Quote from: maxj57634 on December 20, 2017, 10:14:37 PM

Maybe its because of the dump in the trading market trader are dumping their bitcoin because they are having a high fee when doing a transaction, high for in the network transaction might be one of the reason for bitcoin price to go down.

Yes, dump in the trading market as well the price correction might be the cause for the fall in value. This might soon tend to grow further reaching a bigger value crossing $20000 before the christmas days. At present the growth happening with bitcoin cash might gave created panic among the user community.

It not true bitcoin price is very high even today I check the price of bitcoin its price is very high and also its very stable then before and in next week its price will be more high so I will request to every one check the price of bitcoin every day because it can give you right direction some people are creating wrong information about bitcoin but it don’t make sense why they are doing so bitcoin is here to help us so we need to support bitcoin as much as we can.

Mr.Scott

full member

Activity: 552

Merit: 107

It's rallying downtrend or it's still correcting, kinda confused tho. However, In the meantime it’s steadily dropping. I guess historically speaking, this would be a predictable point for a rebound. But this is a new ballgame. So many variables.

superjeyy

full member

Activity: 182

Merit: 147

It's the Christmas season, it's really natural that it's prices would go down at this time since a lot of people are selling their Bitcoins for fiat to spend. Let's also consider that Bitcoin experienced a remarkable peak a few weeks ago that affected it's current state. It's volatility and sudden decline is normal, it will bring back the state of balance for Bitcoin. Just keep your faith in Bitcoin because sooner or later, Bitcoin would have it's rhythm back.

rahleurfan

full member

Activity: 232

Merit: 100

Quote from: Samarkand on December 21, 2017, 11:16:11 AM

Quote from: richardsNY on December 21, 2017, 11:00:44 AM

... It's not the first time that BCH has increased significantly at cost of Bitcoin, and it won't be the last time. ...

I´m not so sure, this could actually have been the last Bitcoin Cash pump in order to fool newbies
into buying this altcoin.

In order to pump BCH again they need some kind of catalyst like the surprise launch of
Bitcoin Cash trading at Coinbase. I can´t envision another event like this.

-I don´t see talks of a Bitcoin Cash ETF
-I don´t see talks of Bitcoin Cash futures
-I don´t see any plans for 2nd layer solutions
-I don´t see any plans to increase fungibility
-I don´t see big companies investing in BCH mining in order to decentralize the mining scene
-I don´t see the brightest developers in the world working on BCH code or BCH-related projects
...

Well no, Jolly Roger has quite a few tricks up his sleeve and he's definetely able to pull out a new pump and dump scheme out of thin air. Still, there is no substance behind bcash.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Member helper on December 20, 2017, 11:22:36 AM

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.

In June 2011 price of Bitcoin was $30. Five months latter Bitcoin price was only $2. So putting it to today's prices. We could see bitcoin at $1500 half year from now and would not be anything unusual. After every bull run come Bear trend. It happens half year as it did in 2011 or whole year as it did in 2014. But what it matters that after each Bear trend comes time of stability and after that new Bull run.

It is pretty obvious we will see huge bear trend in 2018. Question is only when and at what price will be ATH. And how long Bear trend will last and what will be lowest price of Bitcoin. Last Bear trend low was $177. So this Bear trend low could by my humble speculation reach to $4000.

xPPx

sr. member

Activity: 531

Merit: 250

If you're afraid, then you've probably invested too much. Bitcoin is always under attack, and always comes back stronger. HODL!

Samarkand

sr. member

Activity: 658

Merit: 282

Quote from: richardsNY on December 21, 2017, 11:00:44 AM

... It's not the first time that BCH has increased significantly at cost of Bitcoin, and it won't be the last time. ...

I´m not so sure, this could actually have been the last Bitcoin Cash pump in order to fool newbies
into buying this altcoin.

In order to pump BCH again they need some kind of catalyst like the surprise launch of
Bitcoin Cash trading at Coinbase. I can´t envision another event like this.

-I don´t see talks of a Bitcoin Cash ETF
-I don´t see talks of Bitcoin Cash futures
-I don´t see any plans for 2nd layer solutions
-I don´t see any plans to increase fungibility
-I don´t see big companies investing in BCH mining in order to decentralize the mining scene
-I don´t see the brightest developers in the world working on BCH code or BCH-related projects
...

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: Willeampere on December 21, 2017, 05:46:48 AM

Demand and supply explains everything, and I can say that Bitcoin is asking for it. Btc.com's owner Bitcoin announced that it supports cash. For this reason Bitcoin cash has gained a lot of value. Btc.com's owner says Bitcoin cash is safer.

Bitcoin Cash has wealthy entities behind it capable of lifting that market up to record highs. They are buying their own orders up, and directly the market, which isn't them dumping their Bitcoins for BCH, but them tricking noobs into thinking like that. It's nothing more than a game. If these entities would really end up selling all their Bitcoins, they would lose their significance in the Bitcoin market, and thus be major holder of a worthless altcoin -- they aren't that stupid to do so. Their wealth in Bitcoin grants them all these possibilities, and without it, they are nothing. It's not the first time that BCH has increased significantly at cost of Bitcoin, and it won't be the last time. They use the weaker momentum to strike, and that's something helping them till Bitcoin goes up again.

ha_ham_bk

member

Activity: 127

Merit: 10

Quote from: Member helper on December 20, 2017, 11:22:36 AM

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 price bitcoin don't down, it increase again

Topic: Bitcoin price is going down. - page 3. (Read 750 times)