Is the decline in the Bitcoin price OUR fault?

yvuj101

newbie

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Quote from: Gerci on June 15, 2018, 07:44:26 AM

The decline in Bitcoin prices could be even worse in the coming months. The reason, this digital currency (cryptocurrency) has no fundamental value.
This is the result of published Capital Economics research.
The London-based company said the price of Bitcoin Cs has been sufficiently correlated with the S & P 500 index since its price has dropped from the highest price at the end of 2017.

We cannot blame anyone, for me in my part I accept the said prices that comes on me thats will be fair we cannot do anything and forced them to buy our coins thats thier investment only I can support in doing some positive thoughts about bitcoin hoping they will attract my words.

Adamant06

member

Activity: 161

Merit: 11

Quote from: ambisyon on June 23, 2018, 06:13:34 AM

I think people are still part of the decline of Bitcoin and I believe this can be fix along the way. People should not spreading negativity news and FUD such that this will not bring negative effect on the bitcoin market instead spread the good news of what bitcoin can do to people and improve their lives with it.

For my own opinion, i think its not totally our fault. I say not totally because people are just one of the factor that affect the decline of bitcoin price,those people who have negative thoughts about bitcoin. But we cannot do anything about it,its there thoughts and i think that is natural and inevitable. Though were hopeful that sooner or later the market are gonna go green.

ambisyon

jr. member

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I think people are still part of the decline of Bitcoin and I believe this can be fix along the way. People should not spreading negativity news and FUD such that this will not bring negative effect on the bitcoin market instead spread the good news of what bitcoin can do to people and improve their lives with it.

strideynet

sr. member

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I like your idea I can add that it will attract additional popularity in your name, which later will also be possible to monetize. if prodcut interesting - it often does not matter how much it costs. You are right

ace4549

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I think the declining amount of bitcoins is not fault by any investors because of me,
all happenings in bitcoin is part of the business operation and that is normal thing to happen.

EnricoGomez

member

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Merit: 11

Yes, I definitely agree on your points as well as that the decline of bitcoin is entirely our fault.
The price of bitcoin is simply based off the concept of demand/supply of bitcoin to which of course, people themselves control and manipulate with their decisions on their finances. Knowledge is the key to everything.

Kakmakr

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Quote from: senin on June 17, 2018, 01:32:41 PM

Quote from: anitaraymonds on June 15, 2018, 05:14:31 AM

This is the other side nobody has thought about. We all has a role to play to make bitcoin demand soar and then there will increase in price which we are all looking for. The suggestion made here if followed will go along where to push up the bitcoin price.

Increasing the price of bitcoin is a false and erroneous, dead-end way. It can lead to nothing good in a global sense. It can only temporarily make certain people rich. And then, it will happen, if they pull their money out of the crypto currency in time. Bitcoin should be used as a means of payment, and not as a means of accumulating value. The higher the bitcoin will rise in price, the closer it will approach its depreciation.

You are confusing Bitcoin with Ponzi schemes. The goal of Bitcoin is not to make specific individuals rich, but rather to add value to the wealth of many people all over the world. The trend last year for the price was to give everyone a opportunity to buy low and sell at a higher price.

Many of my friends made some good profits by buying low and then selling after a week or so at a much higher price. Unfortunately this price increase reached a invisible wall and it tumbled down. Sad

Now it is our duty to inject new life into it, by stimulating the demand side for it. Wink

dimastegar

sr. member

Activity: 798

Merit: 251

Small Trader

I agree with you. We should not blame others.
Because nobody knows about the future of Bitcoin prices.
Therefore, we should be smart to trade our coins, and not forever we continue to hold the coin.

vaughn125

full member

Activity: 238

Merit: 100

Well, if a person sells because he think bitcoins are going nuts and leading their money down the drain, or helped spread fud, then I believe that this person really has contributed a lot to the downside of bitcoins. Although I never did sell or share fud, there really is still big sadness because pf price.

TheGodFather

hero member

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Quote from: Kakmakr on June 15, 2018, 03:56:54 AM

We have been looking for answers on why the Bitcoin price is falling, because we want someone to blame. We have seen the price going down from $19 000+ to $6500 and everyone is looking for the big reason to explain this.

We blamed the governments for regulations and we blame BCash supporters for selling us out and we have been blaming the Mt Gox guy for dumping the coins on the exchanges, but we have not looked at ourselves. Roll Eyes

Did we forget that the price of Bitcoin is based on Supply and Demand and that we have to work hard to grow the demand? There are constantly coins being added from the mining side, but the demand side is not keeping up. Why?

Yes, the price increase to $19 000 was spurred on by speculative greed, but we should have grown faster to sustain that progress.

I think everyone of us is to blame, because we should work harder to, :

~ Approach local merchants to ask if they would accept Bitcoin.
~ Ask Merchants to install a Bitcoin ATM in your area.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin.
~ Start using the Lightning Network to fast track the implementation.
~ Get SegWit addresses
~ Help people to invest in Bitcoin.
Let's stop blaming others and start working harder to grow the demand, then we will reap the rewards. Wink

I think that it is prt of the nature of the bitcoin in the cryptocurrency market to have bad times and periods such as this one. I actually think that this is a side effect of the advantages that we fell in love with. But I do think that there is some unusually phenomenon going on with how steep and low the decline has been getting and I don’t know who is to blame for that its just that there is something afoot and I still need more evidence before lashing out.

indah333

newbie

Activity: 53

Merit: 0

I think the decline of Bitcoin is not a mistake. A market that wants to develop well must release the bubble. Cryptocurrency investment is now too hot. Must reduce the bubble. If it is too high, it will lose all investors.

senin

full member

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Quote from: anitaraymonds on June 15, 2018, 05:14:31 AM

This is the other side nobody has thought about. We all has a role to play to make bitcoin demand soar and then there will increase in price which we are all looking for. The suggestion made here if followed will go along where to push up the bitcoin price.

Increasing the price of bitcoin is a false and erroneous, dead-end way. It can lead to nothing good in a global sense. It can only temporarily make certain people rich. And then, it will happen, if they pull their money out of the crypto currency in time. Bitcoin should be used as a means of payment, and not as a means of accumulating value. The higher the bitcoin will rise in price, the closer it will approach its depreciation.

newwest

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Activity: 686

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★777Coin.com★ Fun BTC Casino!

Quote from: RoftheN on June 15, 2018, 02:41:30 PM

There is still some time left before Bitcoin is ready to be accepted globally by merchants, we shouldn't hurry in that part. The biggest reason for the start of this price drop is the mt gox trustee. He was selling huge amount of Bitcoins on exchanges directly instead of selling them through OTC.

May be this could be the reason or generally people are doing the panic sell as the expected time when the btc prices should be rising is not happening and thus due to which people feel insecure and started to sell it which is causing some damage to the prices.

bering

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indeed we all should be blamed for this situation and some of the ideas seems pretty good but the problem is we as bitcoin users cannot fully free doing everything with bitcoin that i means the regulations still main problem why bitcoin still can't reach highest target to get more demand for example that build ATM or Merchants accept bitcoin that these two things is difficult to do so especially if you're life in the countries who does not admit bitcoin

FAT_32

member

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Not our fault, but there are a lot ofpeople actually selling all theier coins because of the HUGE FUD that is on the market at the moment, so at some point, yes, it wass.

Vilianms

newbie

Activity: 134

Merit: 0

What you said makes sense. When Bitcoin's prices become crazy, all people are just selling Bitcoins. After they sell off their bitcoins, they create various false messages for buying Bitcoins,then the prices collapsed and they got what they wanted, but the entire market did become a victim.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

Quote from: gabmen on June 16, 2018, 07:22:37 AM

Quote from: Remainder on June 16, 2018, 07:06:17 AM

It is our fault, bitcoin price depends on how people do the market trades, if the holders dump their bitcoin then the price will decrease, the market conditions will depends on the traders because it can't move on their own, the movement is on how people active on tradings.

Well I won't balme it entirely on us since there are circumstances where people can't help but be nervous and sell coins in panic. There are more negative media reports that affect mostly newbies that positive ones and in a way I agree with john mcafee that there will be a time when the rubber will snap back up and it'll be sooner than later

There is no problem if newbies are panicking and selling their coins, because this has happened for years now. The problem is when newbies are not stopping, because the price never goes upward after they bought their coins. When I was first introduced to Bitcoin, the price always went up past it's record price and newbies could have an opportunity to make some money.

Lately, the price keeps on going down, so newbies never gets an opportunity to recover some of their losses and that push them to permanently exit the scene. Angry

Vannie12

full member

Activity: 630

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Quote from: Kakmakr on June 15, 2018, 03:56:54 AM

We have been looking for answers on why the Bitcoin price is falling, because we want someone to blame. We have seen the price going down from $19 000+ to $6500 and everyone is looking for the big reason to explain this.

Of course, anyone who experienced that crash will sure be curious why but since government is still not in the line, we can not blame them.
I think eventhough they announce the regulation plans, it will not be that influential to drag the prices that low.

Quote

We blamed the governments for regulations and we blame BCash supporters for selling us out and we have been blaming the Mt Gox guy for dumping the coins on the exchanges, but we have not looked at ourselves. Roll Eyes

I don't.

Quote

Did we forget that the price of Bitcoin is based on Supply and Demand and that we have to work hard to grow the demand? There are constantly coins being added from the mining side, but the demand side is not keeping up. Why?

I don't. I know that the prices may be dragged by the majority users within the blockchain.

Quote

I think everyone of us is to blame, because we should work harder to, :

~ Approach local merchants to ask if they would accept Bitcoin.
~ Ask Merchants to install a Bitcoin ATM in your area.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin.
~ Start using the Lightning Network to fast track the implementation.
~ Get SegWit addresses
~ Help people to invest in Bitcoin.

Let's stop blaming others and start working harder to grow the demand, then we will reap the rewards.

I agree to everything except the last part.
I don't think it is a good idea to just give off coins.
I earn my coins with hard work and that giving it to someone to play is not attractive at all to me.

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