You have said my mind nothing serious has happened but investors are selling out of panic and that is why bitcoin keep dropping at this moments. Those that cannot interpret the price movement are the one getting problems with trading. If you check the overall general price movement you will find out that bitcoin has be makin a progressive movement.
Well, the mindset of some people also affected by the way media had broadcast the news about banning bitcoin in some countries just like in China, and we all know that China has a large number of miners and they do also have plenty of exchange and it will really have a negative effect when that happens, but still we should not listen to the news all the time that is why we do have forums here, I'd rather listen to those experts. 
Topic: Eight reasons why bitcoin lost more than half the value in just two months (Read 193 times)
February 07, 2018, 12:33:30 PM
February 07, 2018, 10:49:05 AM
There is only one reason - it was a bubble.
Bubbles don't need reasons to start, or pop. They happen and then they stop happening.
I don't care what ethereum's getting up to. It's irrelevant to this price action just as bitcoin is really. Everything is piled in together to form one big ball of froth.
Bubbles don't need reasons to start, or pop. They happen and then they stop happening.
I don't care what ethereum's getting up to. It's irrelevant to this price action just as bitcoin is really. Everything is piled in together to form one big ball of froth.
There are always reasons behind bubbles starts and pops, the question is, can they be predicted? my answer is no. As Warern Buffet said, you can predict something is going up, not when..
I always knew FOMO would kick in sooner or later and we would see this kind of peak, followed by a big correction, followed by an higher floor. This is how revolutionary technology progresses, big bubble and burst cycles. 50% of people will panic sell, the rest understand the long term vision and hodl, this is how progress is made. What matters is not the peaks, but if the floors are higher than the previous ones to consolidate progress:
https://www.youtube.com/watch?v=XbZ8zDpX2Mg
February 07, 2018, 09:38:24 AM
There is only one reason - it was a bubble.
Bubbles don't need reasons to start, or pop. They happen and then they stop happening.
I don't care what ethereum's getting up to. It's irrelevant to this price action just as bitcoin is really. Everything is piled in together to form one big ball of froth.
Bubbles don't need reasons to start, or pop. They happen and then they stop happening.
I don't care what ethereum's getting up to. It's irrelevant to this price action just as bitcoin is really. Everything is piled in together to form one big ball of froth.
There are always reasons behind bubbles starts and pops, the question is, can they be predicted? my answer is no. As Warern Buffet said, you can predict something is going up, not when..
I always knew FOMO would kick in sooner or later and we would see this kind of peak, followed by a big correction, followed by an higher floor. This is how revolutionary technology progresses, big bubble and burst cycles. 50% of people will panic sell, the rest understand the long term vision and hodl, this is how progress is made. What matters is not the peaks, but if the floors are higher than the previous ones to consolidate progress:
https://www.youtube.com/watch?v=XbZ8zDpX2Mg
February 07, 2018, 09:24:12 AM
There is only one reason - it was a bubble.
Bubbles don't need reasons to start, or pop. They happen and then they stop happening.
I don't care what ethereum's getting up to. It's irrelevant to this price action just as bitcoin is really. Everything is piled in together to form one big ball of froth.
Bubbles don't need reasons to start, or pop. They happen and then they stop happening.
I don't care what ethereum's getting up to. It's irrelevant to this price action just as bitcoin is really. Everything is piled in together to form one big ball of froth.
February 07, 2018, 07:12:34 AM
Etherium's current total supply is 97m ETH while Bitcoin's maximum supply will be 21m and we're not even at the quarter of it.
that is ethereum's circulating supply, it has no cap. there will be limitless number of it available.
the circulating supply of bitcoin is about 16.7 million and 21 million is the max or final cap.
February 07, 2018, 01:13:39 AM
LOL, just another idiot advertising ethereum with a misleading title so that his topic is not moved...
it is extra funny to see how he repeats twice that bitcoin has lost 55% and the follows that by how ethereum will surpass bitcoin. but intentionally neglects mentioning that ethereum has lost 65% of its value...
some people are so desperate to see ETH get pumped again! don't worry bro it will be pumped, the centralized banks behind it won't let it die. they are making a lot of money thanks to you
it is extra funny to see how he repeats twice that bitcoin has lost 55% and the follows that by how ethereum will surpass bitcoin. but intentionally neglects mentioning that ethereum has lost 65% of its value...
some people are so desperate to see ETH get pumped again! don't worry bro it will be pumped, the centralized banks behind it won't let it die. they are making a lot of money thanks to you
February 06, 2018, 09:10:35 PM
As in one of the statement the exchanges that functioning without any backing of funds to make large scale transactions in the name of trading when came under regulation affected the growth. If you go through the growth rate of bitcoin and Eth, both were almost the same. So, market capital gains will not let Eth overcome bitcoin.
February 06, 2018, 09:10:14 PM
Probable reason is other people think bitcoin is a scam because there are several people has been scammed. And due to these reports the goverment is commencing a regulatory procedure. Which is why it became hard to understand, even to follow. Because most people want the easy stuff.
February 06, 2018, 08:55:51 PM
bitcoin exchanges do NOT have 16m+ coins holding a resistance. most exchanges are trading in hundreds or thousands of dollars per order, NOT millions
thus the price is fragile and does not show real 'value'
thus easy to manipulate one/two popular sites and let the sheep on other exchanges react and follow blindly.
there will always be news. but how fragile the exchange resistance points are. are the real reason the price can move so much
thus the price is fragile and does not show real 'value'
thus easy to manipulate one/two popular sites and let the sheep on other exchanges react and follow blindly.
there will always be news. but how fragile the exchange resistance points are. are the real reason the price can move so much
February 06, 2018, 08:55:42 PM
One of the reasons would be also the network congestion in December. The first established crypto (not the ICOs or forks), that would solve the scalability issues and would have instant transactions would have major advantage - I hope lghting network is getting closer to final release, as this would make Bitcoin usable as currency again.
February 06, 2018, 08:43:33 PM
CME and CBOE are contributing factors to Bitcoin shorting. More manipulative mechanisms coming...
February 06, 2018, 08:37:35 PM
I would add couple more reasons:
- Chinese New Year;
- Tether problems with legislation ;
- Bitcoin futures date upcoming;
- Lot's of countries start regulate it harder.
- Chinese New Year;
- Tether problems with legislation ;
- Bitcoin futures date upcoming;
- Lot's of countries start regulate it harder.
February 06, 2018, 08:24:55 PM
Surely news do have great effect driving the prices moving. You should have shared some links to your reasoning.
Firstly, all countries have measures in accepting and banning bitcoins. It's just that they do ban to prevent loses. And that is how financial freedom works. Everyone can withdraw and invest at a time.
I just seem that I just found one article about robbery.
Scams are relevant but I think it doesn't contribute much about the recent dump because many scams are present before but doesn't drive the market that harsh.
Scaling problem is still the primary reason I think suites the big bloodbath. High fees and traffic.
This still drives investors away and users are getting bored and scared.
Firstly, all countries have measures in accepting and banning bitcoins. It's just that they do ban to prevent loses. And that is how financial freedom works. Everyone can withdraw and invest at a time.
I just seem that I just found one article about robbery.
Scams are relevant but I think it doesn't contribute much about the recent dump because many scams are present before but doesn't drive the market that harsh.
Scaling problem is still the primary reason I think suites the big bloodbath. High fees and traffic.
This still drives investors away and users are getting bored and scared.
February 06, 2018, 06:52:46 PM
I don't think that the Facebook's ban on e-money advertising really affects Bitcoin, as it isn't a company so I doubt if anybody advertises from it's own pocket. Neither does the stealing of Bitcoin play any role in the value of Bitcoin, this problem is not new. Also you forgot to mention anything about the tether problem, an easy explanation can be found here: https://www.youtube.com/watch?v=XpvmRJZDfoE.
February 06, 2018, 06:45:49 PM
Great so you elaborate on why Bitcoin went down which we basically all know yet you dont elaborate on the claim that Ethereum will overtake Bitcoin which you mention twice? Thanks for coming out bro, at least explain why Ethereum will win (hint:it wont).
February 06, 2018, 06:43:41 PM
Ethereum, the second-largest currency by market capitalization, is expected to pass bitcoin, now only $ 50 billion to catch up with market capitalization.
In early December, bitcoin was priced at nearly $ 20,000. However, as of February 1 2018, bitcoin price is less than $ 9,000. A drop of 55% has "blew" $ 175 billion of market capitalization of this currency. Indeed, the ethereum, the second largest in terms of market capitalization, is expected to outpace the bitcoin market, which is only less than $ 50 billion now.
So what made bitcoin lose $ 175 billion in market capitalization in just under two months? It can be said that it is a combination of all six factors:
1. Korea tightens the noose for anonymity
2. Facebook forbids e-money advertising
3. Stealing is becoming a matter of much attention
4. The speed of bitcoin treatment has been blocked progress
5. Skeptics now have the opportunity to support what they say
6. Traditional stocks are too strong.
And you?
In early December, bitcoin was priced at nearly $ 20,000. However, as of February 1 2018, bitcoin price is less than $ 9,000. A drop of 55% has "blew" $ 175 billion of market capitalization of this currency. Indeed, the ethereum, the second largest in terms of market capitalization, is expected to outpace the bitcoin market, which is only less than $ 50 billion now.
So what made bitcoin lose $ 175 billion in market capitalization in just under two months? It can be said that it is a combination of all six factors:
1. Korea tightens the noose for anonymity
2. Facebook forbids e-money advertising
3. Stealing is becoming a matter of much attention
4. The speed of bitcoin treatment has been blocked progress
5. Skeptics now have the opportunity to support what they say
6. Traditional stocks are too strong.
And you?
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