Bitcoin's value after being more recognized and accepted globally. - page 3.

gabbie2010

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Quote from: loopes on April 27, 2019, 06:59:02 AM

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?

People who have bitcoin since long time ago has took profit at 2017. It is normal. Naturaly, market equilibrium will be reached. That's where supply and demand works and control the market. People who have a lot of bitcoin at that time weren't miss any chance to get a lot of money. But the growth of bitcoin adoption is still going on so market equilibrium will not hold for long time. The price of bitcoin will still tend to rise.

In addition to those investors that took profits in 2017 new investors also invested then having a perception and speculated that bitcoin will reached $50K within the shortest time lo and behold they are highly disappointed with turn of event its price drops there are fears FUDs thus sold massively at loss thus causing more dumping in its price

iqlimasyadiqa

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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?

Bitcoin will always experience changes at any time and in the process of change there will always be development. price changes that increase and decrease are the process of development. so anything can happen to bitcoin. what we need to do is continue to support all efforts about using bitcoin. bitcoin always gives a surprise and we wait for that to happen.

xvids

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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 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.

Eildosa

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After the growth of bitcoin in 2017, its mass introduction in many areas and directions began. It was a real breakthrough. But there is still something to strive for. Therefore, I believe that in the future it will be expanded to the smallest sectors of life. Everything will go to the fact that almost everyone will use bitcoin in their lives.

kryptqnick

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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?

No, I don't think there is a connection between the price going down and Bitcoin being accepted more widely. In fact, it is interested and increase of activities with Bitcoin that drove the price up that much in the first place. The main reason for the drop was that the price was going up too fast, so the correction was bound to happen. Moreover, some bad news appeared about Korean exchanges, and the newbies that made the price go up caused it to go down drastically.
Adoption is good, but it has to be gradual, and people have to be interested in something more than profits.

Cacingkemi

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Its very simple that IMO we all know about the ICO project used by scammers in the world at 2018, it makes BTC more wasteful and then investors panic so that it decreases. In addition the benefits must be taken by holder who hold it in the wallet for a long time, but here you must be don't worry the value of BTC will return to the beginning with an increase demand in the market.

thesmallgod

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the fact that something is knowing globally does not mean it is accepted globally. unfortunately, many of time crypto news hit the internet. It is always for the negative reasons. there has been many negative news surrounding crypto than positive news and all these as you all know have implication on the price of crypto. Up till today bitcoin has been witnessing back lash from individual and group of people. As long as no significant adoption of crypto by large businesses globally, the price will remain the same

sarmrakib

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Accepting globally is not that always the price will go on so high .The price is always volatile in crypto market .The world gradually accepting cryptos as its technology and secured transaction .Market is not controlling by someone .We can see different price in different currency it's not much Volatile that's why the the currencies are not so popular to trader .So accepting Crypto and Price is not same thing as value.

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The cycle of the Bitcoin really appears after the bullrun in 2017 and being hype in the world. Many people recognized and accepted Bitcoin globally as a worthy thing to invest and to make money. However, in fact, it only lasts for a moment. Where there were many people only follow the hype and then entered in crypto world because of fomo, the increasing new crypto projects, and also increasing scam projects, the value of Bitcoin seems decreasing. It may be true when the BTC has reached a higher rate, it is still volatile.

Samuel4

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I don't seem to agree with the fact that mass adoption of bitcoin or Crypto-currecy can crash the price. It's obvious that when there is increase in demand the price goes up and vice versa. The decrease in Price of cryptocurrency could just be manipulated by whales. All we need is awareness for increased adoption which will consequently increase market Capitalization

jakelyson

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2017 massive pump in price of bitcoin is all about the hype. Nothing was actually supporting that massive growth. After it reached the ATH, the market slowly corrected. This time around, the market is slowly recovering and moving up. There is no hype, just full-scale development, and improvement in the network that is driving the price up.

Choyor

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When Bitcoin is received globally, it can be ensured that there is adoption in large scale, that means market demand will increase, and because of the high market price influenced by the number of requests, the value of Bitcoin will automatically increase as well.

FlightyPouch

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That is weird. The price of Bitcoin usually goes up when it is recognized and accepted but if that is the case I guess the ones that can manipulate the price in the market is the reason. Whales might be behind it but I don't think they have a goal for that. I think it is just that it is recognized by a lot of people but still, only a few of them use it.

loopes

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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?

People who have bitcoin since long time ago has took profit at 2017. It is normal. Naturaly, market equilibrium will be reached. That's where supply and demand works and control the market. People who have a lot of bitcoin at that time weren't miss any chance to get a lot of money. But the growth of bitcoin adoption is still going on so market equilibrium will not hold for long time. The price of bitcoin will still tend to rise.

Reid

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I have one question for this.

Do you really think the value of bitcoin by now is really low?
It is even larger than Gold.

How come we are asking way too much from a free coin that had been questioned a lot of times.
Let us just be thankful that it have a value or we wont be here anymore.

Micerker

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Many countries accept Bitcoin as a currency. This helped the market grow again, but the growth rate was low and unstable. If the whole world can accept Bitcoin, this will be Crypto's new step. Prices will rise as purchasing power increases, and Bitcoin prices can increase every minute.

Beerwizzard

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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?

Bitcoin is getting its adoption not because he is recognized. In 2017 everyone in the world heard about bitcoin but no one started to accept crypto.Interest from the side of financial institutions does not brings us adoption. Those organization using cryptocurrencies only to get their own profit. The more of them joins the market the larger market cap we will get and the more people would think that BTC is getting its adoption.

funchiestz

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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?

Many platforms began to implement crypto bans, primarily Reddit. I think that the price drop started this way. After the bans on Twitter, Google and Facebook, the price decline accelerated.

Haunebu

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Quote from: okala on April 27, 2019, 02:53:22 AM

Despite the fact that bitcoin have recorded the highest number of confirmed transactions within this few day just as the same as at 2017 when the price of bitcoin went to it all time high of $19000, bitcoin price is this period still struggle between $5000 to $5500 which is not correlating with the event of 2017 in term of Price reflection of actual usage what is responsible for this is still not clear to all of us we are only speculating.

Everything is crystal clear.

2017 -> Inorganic growth led to a highly unstable value which fizzled and fell sharply in 2018
2019 -> Organic growth due to proper developments(LN, Segwit etc) which led to Bitcoin rising slowly and steadily in value

BUK2016

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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?

Well, I don't believe that there should be constant increase in the value of Bitcoin. And what happened to the price of Bitcoin after the hike of its value bin 2017 could be attributed to so many factors range from high volume of sell order to other fundermental issues.

Topic: Bitcoin's value after being more recognized and accepted globally. - page 3. (Read 705 times)