Bitcoin's value after being more recognized and accepted globally. - page 2.

Caladonian

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Quote from: pinoyden on April 30, 2019, 09:38:19 PM

Quote from: Siren on April 30, 2019, 09:14:46 PM

The hype happened in 2017 is a bubble and the market has been manipulated by whales so never use that price in which $20,000 as basis of the value must be because it’s not accounted for legitimacy .

yes there is a high chance that the 20kusd pump last two years ago is only bieng caused by pure mannipulation becuase if we compare the adoption before from the adoption today i can say that the value must pump higher these days but unfortunately it does not happen but the pump last 2017 was not either a bubble because a real bubble will pop and the value will not recover anymore .

The ongoing rise is not due to the ponzi or hype anymore but because of knowledge that being learned by those investors, adoptions will bring this rise into a much stronger bull, the more we see good news regarding to businesses and government that begins to see the potential and now researching and little by little start to use the chain, the more we expect that natural pumped will take place.

The recognition will allow the accumulation and afterwards it will bring many more opportunities to rise high.

Ailmand

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Quote from: otandelapaz on April 26, 2019, 05:02:49 PM

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?

Adaptation surely helps the market volume of cryptocurrency. The sudden drop of value last 2017 was a normal price correction since bitcoin was over valued, most likely it's caused by whales cashing out their income for patiently waiting after accumulating bitcoin when it was cheaper. So, next bull-market learn your lessons, know when to cash out.

pinoyden

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Quote from: Siren on April 30, 2019, 09:14:46 PM

The hype happened in 2017 is a bubble and the market has been manipulated by whales so never use that price in which $20,000 as basis of the value must be because it’s not accounted for legitimacy .

yes there is a high chance that the 20kusd pump last two years ago is only bieng caused by pure mannipulation becuase if we compare the adoption before from the adoption today i can say that the value must pump higher these days but unfortunately it does not happen but the pump last 2017 was not either a bubble because a real bubble will pop and the value will not recover anymore .

Siren

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Quote from: otandelapaz on April 26, 2019, 05:02:49 PM

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?

The hype happened in 2017 is a bubble and the market has been manipulated by whales so never use that price in which $20,000 as basis of the value must be because it’s not accounted for legitimacy

The market is corrected now and this is the true movement of each cryptocurrency prices so better bare with this and just let it slowly grow for the constantly and reliable value

Mpamaegbu

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Quote from: otandelapaz on April 26, 2019, 05:02:49 PM

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?

This question gets asked more often than not. Well, the simple reason for that sharp drop as we observed in 2018 was the outplay of the market dynamics between the forces of demand and supply. You can't force a product on a people when they feel they have had enough hodling and would want to sell to cash in on profit. It's not because Bitcoin became valueless as you alluded.

BeGoods

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Quote from: Lizzylove1 on April 26, 2019, 06:44:34 PM

Up till now, it still beat my imagination why bitcoin is still this low, despite tremendous increase in users database and greater global awareness as compared to 2017 when the community wasn't as large as we have now. Some persons have blamed whales and others allege the fall is a conspiracy theorem.

Adoption may be much bigger, users may be much bigger, but the trend is much different from 2017. You have to know that things are different now, if in 2017 the trends and news are very positive, different from now. thats why many users are still hiding and sleep from the market and doesnt make influence on the market, just waiting for the positive trends

jakezyrus

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Quote from: otandelapaz on April 30, 2019, 06:53:22 PM

Quote from: Genemind on April 26, 2019, 05:54:22 PM

Quote from: otandelapaz on April 26, 2019, 05:02:49 PM

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?

The last pump must have been caused by a series of whale activity followed by normal investors additional investment due to their fear of missing out, or those who ride along with the whales. Then came the massive market correction which is normal after a massive pump. Must be whales cashing-out their investment to secure profit.

This means that the "last pump" manipulated by the big whales do good for Bitcoin in the long run?. Because these financial institutions to notice of it (crypto) and adapted it.

yes pumps caused by manipulation is always beneficial because this attracts alot of people including those financial sectors or financial institutions . this will result for them to purchase and invest on bitcoin but most of them are only entered because of the potential pofit that they might achieved . if they sense that bitcoin takes too long to increase or if bitcoin drops alot they will think that its too dangerous to stay and that will result for them to leave .

Leonardo7

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I think we need more than just individual users and traders of the bitcoin for its price to go back to ATH, we will need big institutional funds to flow into the bitcoin market to ensure steady cash flow and high liquidity. Since we have more awareness and more user base, but the market is still yet to climb to a reasonable height as compare to the year 2017.

otandelapaz

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Quote from: Genemind on April 26, 2019, 05:54:22 PM

Quote from: otandelapaz on April 26, 2019, 05:02:49 PM

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?

The last pump must have been caused by a series of whale activity followed by normal investors additional investment due to their fear of missing out, or those who ride along with the whales. Then came the massive market correction which is normal after a massive pump. Must be whales cashing-out their investment to secure profit.

This means that the "last pump" manipulated by the big whales do good for Bitcoin in the long run?. Because these financial institutions to notice of it (crypto) and adapted it.

Wakhid Mukti

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Quote from: otandelapaz on April 26, 2019, 05:02:49 PM

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?

I think this is about a very big sell-off after reaching the highest price. This happened because many of the BTC holders wanted to sell their BTC. The selling pressure that created this resulted in bitcoin experiencing price corrections and finally, prices dropped dramatically. And this is reinforced by the feeling of disbelief in BTC or frustration that forces to sell. This in my opinion, has nothing to do with the growing acceptance of bitcoin. In my view, if BTC is received or adopted massively, prices will tend to be stable and not volatile.

Fuhre

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BTC cannot be separated from Cryptocurrency. and Cryptocurrency is not just Bitcoin. what I think is that if Bitcoin is better known, then people are also familiar with the BlockChain system. from there some investors try to develop another Cryptocurrency. so don't be surprised if the price of BTC falls, it could be because investors try other coins that they think are more potential, and can develop them, although some are disadvantaged by getting Scams and kapok, so there are some who stop being investors

rachellee

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Quote from: otandelapaz on April 26, 2019, 05:02:49 PM

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?

I think, the slump in bitcoin's price after the 2017 bullrun is just a correction since that value is artificial, and this continuous plummet that we are experiencing has nothing to do with its gradual global acceptance. Once everything is corrected and its legalities are resolved, that's when we'll truly see the true value of bitcoin. For now, it's too premature to speculate. We shouldn't discount the fact that though well-known personalities have endorsed it already, bitcoin's uncertainty is still a question to many. Let's give this technology an ample time to be fully developed.

fiulpro

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In my view two things can happen :-

1. It could become stabilized and attain a normal value , not that low not that high but this way it will be supported by a huge number of industries , people , countries.

2. The price could Sky rocket depending upon the huge market demand and it will remain high up until the time the governments decide to do something negative regarding Bitcoin.

Anonylz

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Bitcoin price back in 2017 was just too abnormal and unrealistic (not that i didn't like it though) and was growing too fast that was a bit scary to be honest, 20k for one btc was insane, and you can't even tell what was the driving force that makes the price to be so high in such a short period of time,
some how the dump was a blessing in disguise for majority who wanted to invest but price was in insane, could you imagine what the price would have been now if that major dump didn't occur Shocked

now we can see the true value of btc and other alts, i can see some alts which where highly price back then what they are priced now, the difference is very clear.

Kakmakr

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Constant adoption will not cause a decrease in the price... but rather a gradual increase in the price. The last spike in 2017 was driven by the introduction of many ICOs and also a lot of exposure on social media platforms. Scammers and criminals quickly saw a opportunity to make money from ICOs and they started many scam ICOs.

Users on social media started to complain about the increase of Crypto currency scams and these social media platforms started to ban Crypto currency advertisements. This caused a decline in expose and advertising and people also turned against Crypto currency, due to bad publicity in the media.

This explains where we are today, with a more than 80% drop in the price, since 2017. Angry

Herbert2020

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Quote from: xvids on April 27, 2019, 05:22:52 PM

The huge price pump back in 2017 was made from F.O.M.O ,
And most of the investor's was just getting in and doesn't really know anything about crypto,
Most of them just bought it because of recommendation and thought that it is a quick way to be rich.
So when the market starts to crash down most of those investors have F.U.D and sold their crypto.

it wasn't exactly like that.
most of the price rise in 2017 was because of two major positive news. first one was the mass adoption of bitcoin by a couple of countries such as Japan as a currency and second was the end of the scaling debate that was keeping bitcoin back for over 4 years.
of course FOMO was a part of the market like it always is but it wasn't the main reason, not even the biggest one. and it mainly happened near the end which was also because of being in uncharted waters of $10k+ range that the rise happened smooth and fast.
same with the drop, it wasn't all because of "FUD". mainly it was the bubble burst, specially the early stages and near the end the FUD was the dominant factor pushing the price below the realistic values.

ps. don't confuse what happened to bitcoin with all the "cryptos" the altcoins were mainly pump and dumps and still are.

lionheart78

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Quote from: otandelapaz on April 26, 2019, 05:02:49 PM

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?

Not all financial institution's adoption of bitcoin will give a positive reflection to its value. One of which is CBOE and CME wherein the transaction is not OTC and virtually selling Bitcoin infinitely. We can check it on the implementation of these futures way back later part of 2017/early 2018 and see how Bitcoin price crashes.

Rooster101

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Bitcoin is being traded in the market so the price is affected by the volume of coins that being bought or sold. Increased adoption will not affect the price of bitcoin and the market will still the one to decide what will be next price of the coin. Massive adoption may influence the price of bitcoin to go up especially if there are big international companies that decides to use bitcoin but it will not create a bullrun or make the price of bitcoin to increase continuously. The big investors or traders that can pump or dump the coin are still the one that make sway the market price.

Firecold4

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if bitcoin is accepted by all financial institutions in the world it is clear that the value of bitcoin will increase because the more demand it will make an item or service will be more valuable

therhslv

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Quote from: otandelapaz on April 26, 2019, 05:02:49 PM

Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.

But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?

To bring price up there should be no sellers willing to sell at 5k range

Lets say if somebody would like to buy BTC on 20 Million usd , he could do that , but he possible will incrase price on that exchange and probably other sellers will follow that price and price will increase on other exchanges aswell . But usually big buys like 5 or even more Million usd happens on OTC ( OTC stands as over the counter )

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