Topic: If a bitcoin falls below $2,000, what could be the cause? What is the real value - page 2. (Read 496 times)
November 20, 2018, 01:20:25 AM
Bitcoin price is moved by its volume. Its the same with any kind of commodity out there. Demand(people buying) increases price and supply(people selling) reduces price. Right now, people are no longer buying or maybe there has been no new education about Bitcoin to new people. Once that is achieved, then we will have more buyers than sellers and then we can see some push up in the price.
November 20, 2018, 01:03:06 AM
I’m gonna give you the only answer that’s absolutely true and undebatable. Everything is worth exactly what people are willing to pay for it, that’s the real value. If bitcoin falls below any given amount that means that more people are selling it than buying it. Bitcoin will increase in value when more people are buying than are selling. Anything other than these facts that anyone else tells you about the cause is a pure guess. It might be a very good educated guess but it’s still just a guess.
November 20, 2018, 12:45:46 AM
A price below $2000 will definitely push some Bitcoin miners out of the mining scene, because in some places the electricity cost is much higher and they need a higher Bitcoin price to be profitable. So you might see a slight drop in the hash rate of BTC, if this happens.
It is sad to see that the $5000 price point was breached, because I thought the speculative price point was above $5000.
We will just need to hodl and hope for the best now.
It is sad to see that the $5000 price point was breached, because I thought the speculative price point was above $5000.
We will just need to hodl and hope for the best now.
hodl is for suckers, many are selling now at above $4000 and will just wait out the crash (3 year bear market),
until btc gets close to $2000 and then buy back in.
And if it looks like btc will tank further than $2000, at least they have their fiat to fall back on, instead of a complete loss.
November 20, 2018, 12:23:38 AM
A price below $2000 will definitely push some Bitcoin miners out of the mining scene, because in some places the electricity cost is much higher and they need a higher Bitcoin price to be profitable. So you might see a slight drop in the hash rate of BTC, if this happens.
It is sad to see that the $5000 price point was breached, because I thought the speculative price point was above $5000. We will just need to hodl and hope for the best now.
It is sad to see that the $5000 price point was breached, because I thought the speculative price point was above $5000. We will just need to hodl and hope for the best now.
November 20, 2018, 12:12:26 AM
Last Btc peakin price to 19.500 and current fall to 4.800 and possibly even lower is done by the same group from the "financial dark state". They are now spending priofits earnedd from the peak to depress the price now.
Remember that futures market opened on thy day the fall in prices from the peak started. So it is all connected. No private investor would do with his own money what is being done now.
The goal is to destroy confinence in Btc and stop flow od new money.
Remember that futures market opened on thy day the fall in prices from the peak started. So it is all connected. No private investor would do with his own money what is being done now.
The goal is to destroy confinence in Btc and stop flow od new money.
November 20, 2018, 12:11:12 AM
AFAIK bitcoin is not a currency and it is traded like a goods so its price will defined by market demand, it can be a bit difficult to understand but to understand, you should learn some basic theory about supply and demand, economy and pricing.
edit: i forget this, speculative investment can also take affects to bitcoin price because total value of bitcoin in the market is not big.
edit: i forget this, speculative investment can also take affects to bitcoin price because total value of bitcoin in the market is not big.
November 20, 2018, 12:01:02 AM
the value of bitcoin is in its utilities not in its trading!
and that value is a lot higher than the current price which makes its current state as extremely under-valued. i still say it is impossible to drop that low even despite the large scale attack that is being performed by the BCash attackers on the market.
and that value is a lot higher than the current price which makes its current state as extremely under-valued. i still say it is impossible to drop that low even despite the large scale attack that is being performed by the BCash attackers on the market.
November 19, 2018, 11:58:19 PM
Btc will bounce in no time when the time for surge comes so am not worry at the moment has this was over due and was expecting before now but many think Craig and hashrate war causing it , fine is the major reason for the dump now but we really need it to have done it for long and by now will be a kind of some correction as the manipulation was base on -5800-6000 before which it has find difficult to break then and now due to the fork and hashwar it was able to break the wall and I think 4800 is next stop and if that broken too then we should be thinking of 1800-2000 area as final stage where it might see final support.
November 19, 2018, 11:58:04 PM
When I learned about Bitcoin, it was almost 20,000 dollars. Recently, the price has been lower, but I am still optimistic about bitcoin. Many people say that the value of bitcoin lies in trading and liquidity. It is because of price fluctuations that investment is made. Opportunity
It only means that a lot of people are starting to lose hope for Bitcoin and want to get out of the market real quick before their investments turns into dust.
November 19, 2018, 11:50:17 PM
Manipulation would be the main reason. As you can see, bitcoin remained stagnant for months until before the Nov. 15 hard fork of BCH. Craig Wright have made comments regarding his control on bitcoin and it could possibly be the case. Naturally, people will panic and have since sold their holdings together with other investors, causing a domino effect overall on the market.
It'll be long before everything goes to normal, or at least the control of manipulators be removed.
It'll be long before everything goes to normal, or at least the control of manipulators be removed.
November 19, 2018, 11:48:43 PM
Bitcoin is free falling at the moment and just dropped below $5000.
Considering the build up to the feud and BCH fork this dip was expected.
I would be very worried if it doesn't hit a support soon.
Altcoins (those with rising value) seems to be the best option right now. If you are holding some you should prioritize them. But don't flip your bitcoins.
Considering the build up to the feud and BCH fork this dip was expected.
I would be very worried if it doesn't hit a support soon.
Altcoins (those with rising value) seems to be the best option right now. If you are holding some you should prioritize them. But don't flip your bitcoins.
November 19, 2018, 11:42:06 PM
If you research the past value of all major stocks and bonds you will see a series of ups and downs. Perfectly natural.
Hodl. That is the key. While others panic and dump at lows, sit back and wait. That is the key to success. Simple.
Hodl. That is the key. While others panic and dump at lows, sit back and wait. That is the key to success. Simple.
November 19, 2018, 10:35:36 PM
When I learned about Bitcoin, it was almost 20,000 dollars. Recently, the price has been lower, but I am still optimistic about bitcoin. Many people say that the value of bitcoin lies in trading and liquidity. It is because of price fluctuations that investment is made. Opportunity
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