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Topic: Is the decline in the Bitcoin price OUR fault? (Read 547 times)

yvuj101

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Quote from: Gerci on June 15, 2018, 06:44:26 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

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Quote from: ambisyon on June 23, 2018, 05:13:34 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

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strideynet

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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

Activity: 238

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, 12:32:41 PM

Quote from: anitaraymonds on June 15, 2018, 04:14:31 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

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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

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Activity: 854

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Quote from: Kakmakr on June 15, 2018, 02:56:54 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

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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

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Quote from: anitaraymonds on June 15, 2018, 04:14:31 AM

newwest

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Quote from: RoftheN on June 15, 2018, 01:41:30 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

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Activity: 139

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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

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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, 06:22:37 AM

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

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Activity: 630

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Quote from: Kakmakr on June 15, 2018, 02:56:54 AM

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

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.

cxmyifan16

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Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 07:00:59 AM

#53

Bitcoin, with all its pluses and minuses, is an interesting payment system. However, today it can no longer satisfy all user requirements for the platforms on the block, which have been formed in recent years.

gabmen

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Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 06:22:37 AM

#52

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

Remainder

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Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 06:06:17 AM

#51

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.

estupido

newbie

Activity: 90

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Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 04:38:36 AM

#50

I think it is impossible if we have to blame each other here because I think the rise and fall of the price of an item depending on market conditions may be more precisely we just have to be even more vigorous trying to fix all the information about bitcoin either in what way we obviously have to fight

AliMan

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Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 04:25:17 AM

#49

Quote from: RoftheN on June 15, 2018, 01:41:30 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.
It is not our overall mistake because market's situation is not in our control. Yes we may do some mistake which leads to the current struggle of bitcoin but we're not accountable for its overall performance. Market is volatile so we must really expect this kind of event. We just gotta figure out how to solve this kind of problem to have a better life instead of pointing out ourselves.

andreijoaquin

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Activity: 173

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Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 04:22:22 AM

#48

I've seen such scenario happens exactly a year ago before the so called hard fork, the price of bitcoin drop so bad but later on it recover and pump well as the record breaks its all time high and reach $9800. I am confident this will happen again and so I will still continue to hold my bitcoins.

Ahimoth

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Activity: 812

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Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 04:16:23 AM

#47

Quote from: RoftheN on June 15, 2018, 01:41:30 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.
We are responsible for it but the declining must not be accounted on us for all. Market is dealing with a trouble so we don't have any control in regards to that. It is not our mistake that the market is currently struggling but we must help to lift bitcoin's price. We can't just sit here and wait until it happens we must do our action to solve the problem.

Andrew S

newbie

Activity: 112

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Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 04:08:49 AM

#46

And what could be expected if bitcoin remained only on the Internet? If the crypto currency is put into life in the form of a payment system, then you can see even greater growth.

Kingofbitcoin12345

full member

Activity: 462

Merit: 102

Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 04:00:11 AM

#45

It’s hard to accept that we ourselves have to blamed on this downfall.. You’re right for many things,, we do usually pointing fingers to where others wanted to.. If we and all bitcoin users/investors pointing the fingers on our own we would have done something to make it stopped or even preventing it..

Pride and our ego won’t let us see our mistakes and faults,, but this reminder can make a difference..

Proton2233

sr. member

Activity: 434

Merit: 252

Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 03:58:33 AM

#44

Quote from: Kakmakr on June 16, 2018, 03:49:09 AM
Quote from: jzale on June 15, 2018, 10:49:27 AM
It's not all about that at all. The market itself from it's supply and demand determines the price of BTC. It's been a talk that the whales are all behind this. Some say the market is being manipulated which has a point and with all the FUDs spreading.

The manipulation thing is grossly exaggerated by the Press and everyone is believing their guesswork. Look at this for example :
https://bitcointalksearch.org/topic/2018-06-15-bloomberg-cryptocurrency-manipulation-study-is-underwhelming-4476948

So what if it is true and the price is being manipulated? It will make no difference in the end, because people are still willing to pay the price that are manipulated. This is more common than you might think. I know a multi-million dollar maize farmer that are withholding his maize in huge Silos until the price increase, to sell the maize at a higher price.
A farmer doesn't eat his own corn. Many bitcoin users have made this income the main one. They are forced to periodically sell their coins for their needs. Miners also sell coins all the time to pay their electricity bills. So whales always find coins that can be bought cheaply. The market supply is declining, but they are probably satisfied with it.

fishball

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Activity: 336

Merit: 10

Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 03:51:56 AM

#43

Quote from: Kakmakr on June 15, 2018, 02:56:54 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.

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.

I think somehow a part of the decline in the price of bitcoin is our fault. We are just selling that we forgot to buy also.

Kakmakr

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Re: Is the decline in the Bitcoin price OUR fault?

June 16, 2018, 03:49:09 AM

#42

Quote from: jzale on June 15, 2018, 10:49:27 AM
It's not all about that at all. The market itself from it's supply and demand determines the price of BTC. It's been a talk that the whales are all behind this. Some say the market is being manipulated which has a point and with all the FUDs spreading.

The manipulation thing is grossly exaggerated by the Press and everyone is believing their guesswork. Look at this for example :
https://bitcointalksearch.org/topic/2018-06-15-bloomberg-cryptocurrency-manipulation-study-is-underwhelming-4476948

So what if it is true and the price is being manipulated? It will make no difference in the end, because people are still willing to pay the price that are manipulated. This is more common than you might think. I know a multi-million dollar maize farmer that are withholding his maize in huge Silos until the price increase, to sell the maize at a higher price.

RoftheN

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Activity: 546

Merit: 100

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 01:41:30 PM

#41

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.

Kprawn

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Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 12:16:05 PM

#40

I agree with this. We should get off our asses and stop waiting for developers to come up with new ideas to boost Bitcoin. I

already approached 3 new merchants today, to ask if they want to start accepting Bitcoin as a payment option and 2 of the

3 agreed. One is a little Burrito shop and the other a Shoe shop. We need to work out the specifics, but I helped them with the

basics. This post motivated me today, to get off my own ass and to make a difference.

badakjawa

member

Activity: 336

Merit: 20

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 12:10:35 PM

#39

Quote from: PsylockReborn on June 15, 2018, 03:40:13 AM
Those people who are holding less amount of btc is not to blame. We can put the blame on those whales trying to dump all their coins just because of FUD. There are lot of investors right now who are too emotional and doesn't understand the volatility of the crypto market. When a sudden dip is happening they tend to panic sell all their coins and this could affect the performance of the market specially if you are holding huge amount of BTC.
we know that some bitcoin markets are controlled by whales, but we can not blame the whales either, because whales do not panic the least, they are able to play around the market price. do you know that China is many become a whale and dominates bitcoin market?

so today's bitcoin drops are not due to panicked whales, but because selfish and greedy whales control part of the market so they are free to play the market.

py359497e

newbie

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Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 11:40:57 AM

#38

nice

stompix

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Blackjack.fun

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 11:27:14 AM

#37

Quote from: Tankdestroyer on June 15, 2018, 03:21:38 AM
Quote from: Kakmakr on June 15, 2018, 02:56:54 AM
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 the decline in bitcoin price is not anybody's fault, because it is a given that anything that is purely driven by greed/speculative greed will sooner or later collapse and for bitcoin, the consequences of that greed, is the declining price we see today.

The decline in price is because more people are selling than are buying. Or the overall sums are lower.
And who can sell coins, only those that have coins in the first place, and that's us, those who use BTC.

Quote from: Gerci on June 15, 2018, 06:44:26 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.

Yeah, right, how many times have we heard that already?
If BTC have no fundamental value can you please send all your satoshis to the address in my profile?

Quote from: Kakmakr on June 15, 2018, 02:56:54 AM
~ 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.
~ Help people to invest in Bitcoin.

With those 3 I don't agree.
First is that I hate ATMs and their fees, second because that's the decision anyone has to take for himself so you can't push people to do something they don't want and third because...
Hell, asking people to invest to prevent the boat from sinking, even more, it's like....you know the word. Pon....zzz....

JerryJam

member

Activity: 238

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Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 10:59:59 AM

#36

I don't think we should be looking for someone to blame.Only those who spread false and negative information are to blame.And those who believe sukham are doubly stupid.

East2011

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Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 10:54:22 AM

#35

I think its not our fault if the bitcoins price decline. There are so many factors that can affect the bitcoin price. Like hackers and fake news against bitcoin. But maybe we can also contribute to the decline of bitcoin. Because of panic seller.

jzale

full member

Activity: 504

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Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 10:49:27 AM

#34

It's not all about that at all. The market itself from it's supply and demand determines the price of BTC. It's been a talk that the whales are all behind this. Some say the market is being manipulated which has a point and with all the FUDs spreading. One thing for sure, without us, BTC is just a cryptocurrency. It's like a vehicle and we ride it. It won't move if there is no one who would drive right?

cryptohopes

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Activity: 126

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Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 10:45:04 AM

#33

You have given some very good tips which we should follow. And yes it is true that it is not only the other factors which are responsible for the current situation. We are responsible too. We must stop spreading FUDs and buy bitcoin as much as possible to increase the demand. We should also try to transact other things through bitcoin too.

Kakmakr

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Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 09:41:04 AM

#32

Quote from: eternalgloom on June 15, 2018, 07:57:04 AM
Quote from: Kakmakr on June 15, 2018, 05:45:12 AM
Quote from: eternalgloom on June 15, 2018, 05:05:25 AM
Quote
~ Start using the Lightning Network to fast track the implementation.
~ Get SegWit addresses

How would this increase the price of Bitcoin?
It wouldn't really have any direct effect on the price, except it might just make Bitcoin look better because of lower fees and faster transactions.

Quote
~ Approach local merchants to ask if they would accept Bitcoin.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin.

The thing with this is that most merchants immediately exchange their BTC to fiat, which would be driving the price down, not up.
If your constantly buying stuff with your coins, you're essentially lowering its value, since you're basically selling your Bitcoins to exchanges indirectly.

The Lightning Network will make Bitcoin more effective and people might develop more Applications that use micro payments and the LN for these Applications. The LN also makes most Alt coins ineffective and the investments in these Alt coins might flow to Bitcoin.

Even if merchants convert directly to Fiat, people will still be buying it, because they want to spend it for services and products at these merchants. This will drive up the price, because there will be a increase in the demand. It will even be more effective, if these merchants only accept Bitcoin as a payment option.

I can definitely understand that the more Bitcoin gets adopted by merchants, the more promotion it gets by all the Bitcoin logo's that are displayed.
It's just that, it would be double as effective if you could provide merchants with a payment soltution that allows them to keep part of their revenue as Bitcoins. I think Overstock is actually doing this btw.

Maybe smaller shops would be interested in only accepting Bitcoin, but it would be a pretty bad business strategy.
You'd want to attract as many customers as possible, if you only accept Bitcoin, you'd be turning away a lot of potential customers by default.
Offering discounts for using Bitcoin is a much better idea

They already get that option when they use some of the Payment processors. You chose the option that suits your needs and your Crypto currency goals. If you want to hoard 20% of the coins you receive, then you configure the options in some of these Payment processors to do just that.

Bigger merchants can also do that. Just imagine if they give a huge discount on ONE popular item, if people pay with bitcoins? A electronic
goods store might sell all their XBox's for a huge discount and only offer this discount to people who pay with bitcoins.

budismile

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Activity: 293

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Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 08:07:47 AM

#31

Quote from: Kakmakr on June 15, 2018, 02:56:54 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.

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.

I agree with you that we should work harder to promote bitcoin so that investors can comfortably put their money on bitcoins, avoid any kind of problems that could aggravate bitcoin.
if the government can support bitcoin, I think investors will be queuing to put their money in bitcoin.
I hope the government can work together, so that the world economy can be maintained

ETHtotheMOON1

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Activity: 280

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Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 08:02:59 AM

#30

Quote from: Kakmakr on June 15, 2018, 02:56:54 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.

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.

it's our fault, you're right. Main fault is that we have in community too many people who don't understand the very basic rules of crypto and trading, let's change that

Marlo Stanfield

sr. member

Activity: 490

Merit: 280

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 08:01:44 AM

#29

Quote from: Kakmakr on June 15, 2018, 02:56:54 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.

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.

Personally, I don't really think that merchant adoption is what we need, or what is sufficient to sustain sky high prices. I think really the only thing that's going to support trillion dollar market caps or even half of that is global investment demand from the highest levels of international finance.

cacvy3

member

Activity: 163

Merit: 10

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 08:01:06 AM

#28

At some point yes, it is our fault because we have probably bad and fake expectations about bitcoin (like a new bullrun) or some things that made people panic sell their coins, but this is normal

eternalgloom

legendary

Activity: 1792

Merit: 1283

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 07:57:04 AM

#27

Quote from: Kakmakr on June 15, 2018, 05:45:12 AM
Quote from: eternalgloom on June 15, 2018, 05:05:25 AM
Quote
~ Start using the Lightning Network to fast track the implementation.
~ Get SegWit addresses

How would this increase the price of Bitcoin?
It wouldn't really have any direct effect on the price, except it might just make Bitcoin look better because of lower fees and faster transactions.

Quote
~ Approach local merchants to ask if they would accept Bitcoin.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin.

The thing with this is that most merchants immediately exchange their BTC to fiat, which would be driving the price down, not up.
If your constantly buying stuff with your coins, you're essentially lowering its value, since you're basically selling your Bitcoins to exchanges indirectly.

The Lightning Network will make Bitcoin more effective and people might develop more Applications that use micro payments and the LN for these Applications. The LN also makes most Alt coins ineffective and the investments in these Alt coins might flow to Bitcoin.

Even if merchants convert directly to Fiat, people will still be buying it, because they want to spend it for services and products at these merchants. This will drive up the price, because there will be a increase in the demand. It will even be more effective, if these merchants only accept Bitcoin as a payment option.

I can definitely understand that the more Bitcoin gets adopted by merchants, the more promotion it gets by all the Bitcoin logo's that are displayed.
It's just that, it would be double as effective if you could provide merchants with a payment soltution that allows them to keep part of their revenue as Bitcoins. I think Overstock is actually doing this btw.

Maybe smaller shops would be interested in only accepting Bitcoin, but it would be a pretty bad business strategy.
You'd want to attract as many customers as possible, if you only accept Bitcoin, you'd be turning away a lot of potential customers by default.
Offering discounts for using Bitcoin is a much better idea

kaya11

full member

Activity: 1344

Merit: 110

SOL.BIOKRIPT.COM

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 07:50:45 AM

#26

If only local bitcoin ATMs can be installed in very party of every prospering city in the world, then people would be much interested and feel safe to use it as a currency. They would feel that it is accepted and not illegal and there fore would be removed from the thoughts of their mind that it is a way to fraud others.

First77

member

Activity: 266

Merit: 32

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 07:42:50 AM

#25

People who have 1000 Bitcoin will they risk $10,000,000 when Bitcoin fell from $20,000 to $6,000. These are the big sellers.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 07:37:56 AM

#24

Quote from: Denker on June 15, 2018, 06:59:14 AM
Quote from: PsylockReborn on June 15, 2018, 03:40:13 AM
Those people who are holding less amount of btc is not to blame. We can put the blame on those whales trying to dump all their coins just because of FUD. There are lot of investors right now who are too emotional and doesn't understand the volatility of the crypto market. When a sudden dip is happening they tend to panic sell all their coins and this could affect the performance of the market specially if you are holding huge amount of BTC.

I also agree with OP to use your coins up to certain amount, depending on how much you own. I also use lightning network and play with it.
This thing will be absolutely huge in a few years and have a massive impact for future adoption.

Yes, the idea is not to use ALL your coins. You obviously have to hoard more than 80% for the rewards later, but you have to spend about 20% of the coins you buy to motivate merchants to keep on accepting bitcoins. The way I do this is to buy food daily from food merchants with bitcoins.

I would have spend the money on food in any way, I just pay with bitcoins and not with Fiat.

Gotumoot

sr. member

Activity: 1372

Merit: 261

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 07:20:19 AM

#23

Quote from: MartinAK on June 15, 2018, 06:28:55 AM
This is a delicate question but i personally believe that the recent decrease of bitcoin price is really affecting the crypto world. the issue is that there a lot of investors who are dumping the coin making it lose it value. This is the time all holders of the coin whether larger or small have to cause an increase in demand of the coin rather than dumping them for the fear of it decreasing. remember we have a vital role to play to cause a change if this does not happened then we got to be blamed.
There are many reasons why bitcoin price drops, and yes we our part of that. Many investors panic sell their bitcoin when its dropping, it was caused by the bad news spreading on the social media. But for me, the main caused of the dropping of bitcoin price is because of its volatility, and thats normal, because bitcoin is created to be volatile, it will increase or decrease unpredictable.

Denker

legendary

Activity: 1442

Merit: 1016

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 06:59:14 AM

#22

Quote from: PsylockReborn on June 15, 2018, 03:40:13 AM
Those people who are holding less amount of btc is not to blame. We can put the blame on those whales trying to dump all their coins just because of FUD. There are lot of investors right now who are too emotional and doesn't understand the volatility of the crypto market. When a sudden dip is happening they tend to panic sell all their coins and this could affect the performance of the market specially if you are holding huge amount of BTC.

I think you can not blame the whales. In terms of Bitcoin's network effects we are mostly dealing with price speculation at the moment.
Therefore people want to make either more fiat or more Bitcoin.
But imo there is also a lot of dumb money in this space. And dumb often acts very emotional and pumps and dumps every altcoin, no matter how useless it is.
And we have to get rid off that money.Therefore those bear markets are good for. Now is the time to build, educate or leave the space if you can't handle those phase of the market cycle.

I also agree with OP to use your coins up to certain amount, depending on how much you own. I also use lightning network and play with it.
This thing will be absolutely huge in a few years and have a massive impact for future adoption.

CryptOliver

member

Activity: 83

Merit: 11

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 06:51:57 AM

#21

Quote from: Gerci on June 15, 2018, 06:44:26 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.
But in my opinion this correlation is only coincidental and related to certain factors. The recent decline in Bitcoin prices is due to increased investor concerns about regulatory tightening, banning cryptocurrency ads on social media and some banks that prohibit the use of credit cards to buy Bitcoin Cs.
The stocks have been hit by fears of a US-China trade war that continues to intensify. "In other words, the factors that drive Bitcoin prices are still somewhat different from other asset driving factors," said Capital Economics as quoted by CNBC International.

Gerci

member

Activity: 87

Merit: 10

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 06:44:26 AM

#20

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.

ShadowBits

hero member

Activity: 994

Merit: 504

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 06:35:28 AM

#19

Quote from: Kakmakr on June 15, 2018, 02:56:54 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.

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.

Yes, somehow it is our fault since people are panicking and selling or their holdings and maybe just because people are shorting Bitcoin.

MartinAK

newbie

Activity: 168

Merit: 0

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 06:28:55 AM

#18

This is a delicate question but i personally believe that the recent decrease of bitcoin price is really affecting the crypto world. the issue is that there a lot of investors who are dumping the coin making it lose it value. This is the time all holders of the coin whether larger or small have to cause an increase in demand of the coin rather than dumping them for the fear of it decreasing. remember we have a vital role to play to cause a change if this does not happened then we got to be blamed.

bitvalak

sr. member

Activity: 868

Merit: 267

SecureShift.io | Crypto-Exchange

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 06:25:59 AM

#17

Quote from: Kakmakr on June 15, 2018, 02:56:54 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.

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.
the decline of bitcoin is influenced by supply and demand are not balanced, so like there is an imbalance in the price. But the real factor is the greed of any trader who triggers the market to be random, this will make it difficult for other traders to make decisions in the market. We all must have a greedy nature in us, but trying to change it still has time. Bitcoin requires our efforts to exist and to be useful. Then hoarding bitcoin is not a bad thing if it is within reasonable limits.

1Referee

legendary

Activity: 2170

Merit: 1427

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 06:03:06 AM

#16

Quote from: Kakmakr on June 15, 2018, 02:56:54 AM
~ Approach local merchants to ask if they would accept Bitcoin.
Agreed.

Quote from: Kakmakr on June 15, 2018, 02:56:54 AM
~ Ask Merchants to install a Bitcoin ATM in your area.
It's not as easy as it may seem. Depending on the country people are in, it may involve quite some legal hassle. The rewards for merchants likely don't justify the effort needed to deploy ATM's, and most ATM's are very expensive to use.

Quote from: Kakmakr on June 15, 2018, 02:56:54 AM
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin.
Don't tell people what to do with their coins.

Quote from: Kakmakr on June 15, 2018, 02:56:54 AM
~ Start using the Lightning Network to fast track the implementation.
Proper clients are lacking making it easy to use, it's too much of a hassle to set up a node, and it's not safe in current form if you don't fully know what you are doing.

Quote from: Kakmakr on June 15, 2018, 02:56:54 AM
~ Help people to invest in Bitcoin.
Investing is actually the last aspect that we should talk about. Obtaining a decent level of understanding is what I consider to be much more of a helping factor.

GreatOrchid

legendary

Activity: 1092

Merit: 1001

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 05:59:21 AM

#15

there were a lot of reasons behind this dump, the most important reason of it, were the dumb investors who bought at 20k and then they were crying because of it.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 05:45:12 AM

#14

Quote from: eternalgloom on June 15, 2018, 05:05:25 AM
Quote
~ Start using the Lightning Network to fast track the implementation.
~ Get SegWit addresses

How would this increase the price of Bitcoin?
It wouldn't really have any direct effect on the price, except it might just make Bitcoin look better because of lower fees and faster transactions.

Quote
~ Approach local merchants to ask if they would accept Bitcoin.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin.

The thing with this is that most merchants immediately exchange their BTC to fiat, which would be driving the price down, not up.
If your constantly buying stuff with your coins, you're essentially lowering its value, since you're basically selling your Bitcoins to exchanges indirectly.

The Lightning Network will make Bitcoin more effective and people might develop more Applications that use micro payments and the LN for these Applications. The LN also makes most Alt coins ineffective and the investments in these Alt coins might flow to Bitcoin.

Even if merchants convert directly to Fiat, people will still be buying it, because they want to spend it for services and products at these merchants. This will drive up the price, because there will be a increase in the demand. It will even be more effective, if these merchants only accept Bitcoin as a payment option.

cmaxwell

newbie

Activity: 195

Merit: 0

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 05:40:26 AM

#13

i cant say precisely that the decline in the price of bitcoin is the fault of any investors or the players. but the fact remains that in every economy and in every investment , there are always those we call the manipulators. this set of people are very strong and very important to the survival of such investment. this people determines the future of any investment. this are set of people that should be asked what was responsible for the downward trend of bitcoin.

guonianhao

newbie

Activity: 13

Merit: 0

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 05:21:50 AM

#12

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.

RNGfight

member

Activity: 196

Merit: 10

Open and Transparent Science Powered By Blockchain

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 05:16:58 AM

#11

But because the lightning network has not yet succeeded, bitcoin transfers have been slow.
It is not currently suitable for large-scale use, so that is why the price of bitcoin has not risen.

Indrawan77

hero member

Activity: 1274

Merit: 516

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 05:12:54 AM

#10

I agree that we need to work harder to make bitcoin more popular, but somehow the government play important roles to be more acceptable to society, if the government banned bitcoin it can affect the investors, and with the recently exchanges being hacked, we can't avoid that the investors will become more careful to put their money, we should give more knowledge about bitcoin for all people, and encourage people to used bitcoin for good purposes

eternalgloom

legendary

Activity: 1792

Merit: 1283

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 05:05:25 AM

#9

Quote
~ Start using the Lightning Network to fast track the implementation.
~ Get SegWit addresses

How would this increase the price of Bitcoin?
It wouldn't really have any direct effect on the price, except it might just make Bitcoin look better because of lower fees and faster transactions.

Quote
~ Approach local merchants to ask if they would accept Bitcoin.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin.

The thing with this is that most merchants immediately exchange their BTC to fiat, which would be driving the price down, not up.
If your constantly buying stuff with your coins, you're essentially lowering its value, since you're basically selling your Bitcoins to exchanges indirectly.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 04:24:26 AM

#8

Quote from: lizardbtc on June 15, 2018, 04:13:33 AM
Of course that it is our fault for not buying but selling and as you point out we are not spreading the word about it. The only bad thing about when prices go down is when you buy something with bitcoin some service/goods as you know prices will move up but you have to spend money now can't wait for more. Anyways when prices go down you really see how many people are in only for the money as many of them stop to excited but look at their prices all they long and blaming everything and everyone.

This is the secret to the success of this experiment. When the price goes up, more people take notice and they start buying bitcoins. When the price goes down, people think it was a bubble and they turn their back on Bitcoin. We have to prove to people that Bitcoin is here to stay and that it has a real use case.

The only way to do that is to create the use case, by increasing merchant adoption < The logic is, if they see it everywhere, then they will accept it as the norm and not just a stupid craze.> We should work very hard to increase the demand and to strengthen the reasons for them to buy it.

anitaraymonds

full member

Activity: 490

Merit: 100

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 04:14:31 AM

#7

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.

lizardbtc

full member

Activity: 448

Merit: 109

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 04:13:33 AM

#6

Of course that it is our fault for not buying but selling and as you point out we are not spreading the word about it. The only bad thing about when prices go down is when you buy something with bitcoin some service/goods as you know prices will move up but you have to spend money now can't wait for more. Anyways when prices go down you really see how many people are in only for the money as many of them stop to excited but look at their prices all they long and blaming everything and everyone.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 04:03:09 AM

#5

Quote from: PsylockReborn on June 15, 2018, 03:40:13 AM
Those people who are holding less amount of btc is not to blame. We can put the blame on those whales trying to dump all their coins just because of FUD. There are lot of investors right now who are too emotional and doesn't understand the volatility of the crypto market. When a sudden dip is happening they tend to panic sell all their coins and this could affect the performance of the market specially if you are holding huge amount of BTC.

See, there we go again. We blame the whales. These whales are the strong hands of this community and they know that hoarding will bring the biggest return on their investment, because they have been doing it for so long. The short term investors are the ones dumping the coins, but that is normal for any speculative commodity.

We should do proper research and then destroy these FUDsters with the truth. Create counter arguments for all their FUD and take them on in public to shoot down the rubbish that they are spreading.

PsylockReborn

member

Activity: 420

Merit: 24

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 03:40:13 AM

#4

Those people who are holding less amount of btc is not to blame. We can put the blame on those whales trying to dump all their coins just because of FUD. There are lot of investors right now who are too emotional and doesn't understand the volatility of the crypto market. When a sudden dip is happening they tend to panic sell all their coins and this could affect the performance of the market specially if you are holding huge amount of BTC.

Avada77-Corporation

newbie

Activity: 41

Merit: 0

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 03:27:41 AM

#3

It is true that more than half of the forum benefits from the sector rather than the high.

The first thing, help the new ...

Tankdestroyer

full member

Activity: 476

Merit: 107

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 03:21:38 AM

#2

Quote from: Kakmakr on June 15, 2018, 02:56:54 AM
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 the decline in bitcoin price is not anybody's fault, because it is a given that anything that is purely driven by greed/speculative greed will sooner or later collapse and for bitcoin, the consequences of that greed, is the declining price we see today.
Quote from: Kakmakr on June 15, 2018, 02:56:54 AM
I think everyone of us is to blame, because we should work harder to, :
~ Ask Merchants to install a Bitcoin ATM in your area.
~ Help people to invest in Bitcoin.
I agree that we should work harder to do those other things that I have omitted in the quote, but it is not our responsibility to ask merchants to install a bitcoin ATM in our area because they will do that when they like whether we ask for it or not. Also, it is not our responsibility to give people to some satoshi to play with. They will use bitcoin if they like and if they don't want to use it, they will just dump that satoshi you gave or use it in gambling.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Re: Is the decline in the Bitcoin price OUR fault?

June 15, 2018, 02:56:54 AM

#1

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.

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.

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