Bitcoin's price is getting low - page 23.

DRAWDE_3691

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Quote from: Fantastic33 on December 22, 2017, 10:49:36 AM

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

I was thinking that what happens to China's Exchange may have something to do with it. Other thing is, many are selling there stocks for the upcoming holidays- that's just for me

ASHLIUSZ

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Some people who were not much aware about bitcoin indicate it as the money of the rich which is backed by technology. So, they manipulate the price and benefit leaving behind nothing. Whatever might happen around don't let the hope go down. Price down and up is common and surely there'll be growth after drop.

AlexandrInt

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Quote from: Fantastic33 on December 22, 2017, 10:49:36 AM

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

I will say more its price is already growing and again comes to its former heights. The reasons for the mass drop, as well as rumors in principle, but the true reasons as well as the day when bitcoin falls to zero is unknown to anyone.

dvillier

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yea price of bitcoin is getting low in last some days and its normal thing in BTC because price of BTC is volatile and its always up and down but mostly price of BTC is going decreasing when demand of BTC is decreased and supply is increased and now a days due to Christmas mostly people are on holiday due to which demand is decreased but hopefully in coming some days price again will increased very high value.

Chosenpai

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What we need to do when this happens is to calm down and do not do panic selling. I have seen the price right now in the market and it already reached at 16K, lucky for those who have waited and not tempted to do panic selling.

Awraawra

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Quote from: Fantastic33 on December 22, 2017, 10:49:36 AM

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

hey guys......calm down bitcoin maybe it will go down but only a little but dont you know that bitcoin now is really getting higher and higher and we know that it will never go down..

bitcoin31

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Last week the price of bitcoin go down and I think the possible because of happen that is because holiday season and for sure people needs money so they cashout their bitcoin to buy gifts and foods for their loveonce. But as of now the price of bitcoin increasing again and for sure it will increase again and we can make more profit.

taktik

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Quote from: Norihiro on December 26, 2017, 04:32:30 PM

That's probably a temporary thing - it will grow again within a short ammount of time, you'll see. It's the light correction, it will grow till 25-40k$ and only then we will see the strong and scary correction which will shake the whole crypto market and not only it.

such figures are quite real next year, but will there be demand for bitcoin if its price soars so high? when the price was less, then people invested, and today everyone is waiting for when the price soars.

Norihiro

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That's probably a temporary thing - it will grow again within a short ammount of time, you'll see. It's the light correction, it will grow till 25-40k$ and only then we will see the strong and scary correction which will shake the whole crypto market and not only it.

Harrisonimo

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Quote from: Fantastic33 on December 22, 2017, 10:49:36 AM

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

Price fall is bound to happen at the festive periods. And judging by the high volatility of Bitcoin it will and can bounce back quickly as if nothing happened. The price fall before the Christmas has happened and price is a bit stable now. Another price fall is imminent before the new year. And afterwards a price stability then the volatility character can set in again just to know also that a lot of persons are getting into the Cryptocurrency world through the bitcoin gateway.

butcherme

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Quote from: Fantastic33 on December 22, 2017, 10:49:36 AM

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

It's difficult to determine what's the main reason behind it. It could be there's a massive dump since it's holiday season, or some might be scared that bitcoin price would go down since it went up too high, or some would've taken advantage of the high bitcoin price to get a lot of income. However, keep in mind that this already happened a lot before, and it's part of the bitcoin cycle. So, no need to worry.

senne

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Quote from: Fantastic33 on December 22, 2017, 10:49:36 AM

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

Market goes in the both direction up or down, it is part of its functioning and if due to some reason bitcoin price is falling down then one should not panic down its the high volatility factors which helps in its sudden rise and drops. Moreover, the recent factors in the low price were blamed upon several reasons like hack and mine bitcoin, high transaction fees, shifting to bitcoin cash and so on. But I think these all were temporary issues as bitcoin's value is rising once again.

shinchan123

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Low at $16K USD? You must be kidding. Yes it went down from roughly from 18-19K USD however, it did not go down as quickly as it went up this month. Even if goes down even lower at $11K, I still think we are still in the game. For me, bitcoin depreciation is a golden opportunity for late investors to join the hype. This is not the first time, corrections are bound to happen and volatility is just a norm in cryptocurrecy; hence no need to panic.

KenChanYu

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Quote from: Shenzou on December 26, 2017, 02:25:33 PM

Quote from: Fantastic33 on December 22, 2017, 10:49:36 AM

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

Many people give faulse statments, and they say unrationatl things just to explain things they don't really understand, so don't believe anything unless it comes from an official, there is really no explaintion for this drop except the fact that the miner fee and the transaction time of bitcoin became unreal, and that drove poeple away from using it as a currency, but as the Segwi2x fork plan on doing on the 28 decembre fork it will get fixed, and probably we will see bitcoin rise to 25k by the begining of 2018.

Yes i agree on that if the price is low it doesnt really mean that it should go down for ever we can see from the start that bitcoin price ia really instable it can go up and down and i think we all can really see or maybe ecperience from the past that if bitcoin price getting low we can really grab it because it is really a great opportunity on buying because dont have to put a big capital to buy and we can really wait the opportunity to sell if its price change into high status.

Shenzou

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Quote from: Fantastic33 on December 22, 2017, 10:49:36 AM

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

Many people give faulse statments, and they say unrationatl things just to explain things they don't really understand, so don't believe anything unless it comes from an official, there is really no explaintion for this drop except the fact that the miner fee and the transaction time of bitcoin became unreal, and that drove poeple away from using it as a currency, but as the Segwi2x fork plan on doing on the 28 decembre fork it will get fixed, and probably we will see bitcoin rise to 25k by the begining of 2018.

ajdaj

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The true cause of the fall or growth of bitcoin is unknown to anyone and I never think it will. Rasti and bitcoin will be constantly, but do not be upset, bitcoin will still grow.

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Quote from: Fantastic33 on December 22, 2017, 10:49:36 AM

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

I've read a news on south china morning post the reason why bitcoin dips few days ago, it is stated there that US halts trading until january because they speculated that there are some person who is manipulating the price of bitcoin why it pump that high. You can also notice that it is not only BTC who've crashed few days ago, almost all of crypto is crashed but right now almost all of crypto are back to their feet.

tanghere02

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Do not really believe on what people say instead do some research and you'll be surprised at how the news are different from the rumors. And if you are able to read about the fluctuations of bitcoin then you would know that bitcoin usually increase and decreases its price from time to time depending on the news it comes out like segwits and hardforks. So my answer to your question would be, it won't stay low for long.

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Quote from: kolbalish on December 26, 2017, 09:19:34 AM

Yes,it is ture that Bitcoin price is getting low now.Its price was so expensive before some days ago.But now its price is dump.But I think its price will increase soon in future.

Don't worry about the price, in fact this is the right time to buy while the price decrease, for me it is our opportunity to buy bitcoin and hold for it. Then wait for the day that the price pump again.

JL421

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Quote from: Fantastic33 on December 22, 2017, 10:49:36 AM

This week, bitcoin's price gets low. Based on the article that i read, it says thats they cant trace the reason why its getting low. They said it might be because some used to hack and mine bitcoins. They also said that maybe it was because there are new cryptos.
What do you think is the main reason? Do you think its price will still rise?

Most likely panic selling by many noobs in the trading business. New cryptocurrencies may indirectly affect btc's price. The price will definitely rise as it's not yet reached it's peak point. Btc will continue to grow, so there's no reason worrying about it's price fluctuations as it's a very common feature of it.

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