IS THERE ANY POSSIBILITY OF A PRICE REDUCTION FOR FUTURE BITCOIN - page 6.

Kaller

hero member

Activity: 752

Merit: 501

Quote from: Victorycoin on September 23, 2017, 07:23:08 PM

Quote from: qwertyup23 on September 23, 2017, 04:15:14 PM

Quote from: marukochanx3 on September 21, 2017, 06:48:27 PM

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0 Huh

2010 - 1btc = $0.1 - $0.08 Cry

2011 - 1btc = $0.75 Angry

2012 - 1btc = $9.04 Angry

2013 - 1btc = $301.20 Angry

2014 - 1btc = $753.01 Sad

2015 - 1btc = $451.81 Angry

2016 - 1btc = $828.31 Roll Eyes

2017 - 1btc = $3664.25 Shocked

From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ? Shocked

In fact there is! On July 2017, you did not include the fork that just happened which significantly reduced the rice of bitcoins down to $1950. Also, the price of bitcoins also decreased recently like 2-3 weeks ago due to China's banning of ICOs in their country. There are many factors that affect the price of bitcoins and due to its volatility, it is also very hard to predict whether there may be an increase or decrease on the short-term perspective. But the chart you provided is very accurate towards the increasing part of its price. Even though there are factors that decrease its price, it still remains that in the long-run perspective, the price of bitcoins still increase.

You might want to take cognizance of the fact that the leap from $9.04 in 2012 to well over $1000 and then down to $301.20 in 2013 was orchestrated by China's massive adoption of Bitcoin and then PBoC first attempt to keep Chinese people away from it. Price eventually soared afterwards. Now it's the globe that is fast embracing and driving the price of Bitcoin up and China again have stepped in to burst the bubble. I hope there're people who can figure out that history is about to repeat itself?

Yeah that information is not very accurate and doesn't represent the extreme polar growth of Bitcoin in both exponential rises and crashes. It makes it seem like the price was stable at those rates when it definitely is not the case.

Victorycoin

hero member

Activity: 1134

Merit: 517

Quote from: qwertyup23 on September 23, 2017, 04:15:14 PM

Quote from: marukochanx3 on September 21, 2017, 06:48:27 PM

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0 Huh

2010 - 1btc = $0.1 - $0.08 Cry

2011 - 1btc = $0.75 Angry

2012 - 1btc = $9.04 Angry

2013 - 1btc = $301.20 Angry

2014 - 1btc = $753.01 Sad

2015 - 1btc = $451.81 Angry

2016 - 1btc = $828.31 Roll Eyes

2017 - 1btc = $3664.25 Shocked

From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ? Shocked

In fact there is! On July 2017, you did not include the fork that just happened which significantly reduced the rice of bitcoins down to $1950. Also, the price of bitcoins also decreased recently like 2-3 weeks ago due to China's banning of ICOs in their country. There are many factors that affect the price of bitcoins and due to its volatility, it is also very hard to predict whether there may be an increase or decrease on the short-term perspective. But the chart you provided is very accurate towards the increasing part of its price. Even though there are factors that decrease its price, it still remains that in the long-run perspective, the price of bitcoins still increase.

You might want to take cognizance of the fact that the leap from $9.04 in 2012 to well over $1000 and then down to $301.20 in 2013 was orchestrated by China's massive adoption of Bitcoin and then PBoC first attempt to keep Chinese people away from it. Price eventually soared afterwards. Now it's the globe that is fast embracing and driving the price of Bitcoin up and China again have stepped in to burst the bubble. I hope there're people who can figure out that history is about to repeat itself?

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

I think yes, there is a possibility for the price of bitcoin to reduce its current amount in the future because there is a lot of things to consider like the bad news about bitcoin and also the banning of the other countries and because bitcoin is so vulnerable to that then it is very possible for the price to get a huge dump.

Razick

legendary

Activity: 1330

Merit: 1003

Not only is the price of Bitcoin set to drop, but very soon in fact. No market is capable of sustaining exponential growth. That is not how they work. Eventually a crash is inevitable. We have seen this happen 6+ times already since 2009. It is nothing new. The real question is when will we peak? Was $5,000 the peak? Or will it go up to 10k first? My money is it goes back up over $5,000 and crashes at some point before reaching 10k. Probably $7,000-8,000. Then it will crash for a few years.

Hawkers7

member

Activity: 103

Merit: 10

“OPEN GAMING PLATFORM ”

Quote from: marukochanx3 on September 21, 2017, 06:48:27 PM

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0 Huh

2010 - 1btc = $0.1 - $0.08 Cry

2011 - 1btc = $0.75 Angry

2012 - 1btc = $9.04 Angry

2013 - 1btc = $301.20 Angry

2014 - 1btc = $753.01 Sad

2015 - 1btc = $451.81 Angry

2016 - 1btc = $828.31 Roll Eyes

2017 - 1btc = $3664.25 Shocked

From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ? Shocked

I think the price of the bitcoin in the future will continue to increase. Since bitcoin has only limited resources, the lesser the bitcoin left to mine, the higher the value or price it will gain. So thats why bitcoin price will continue to increase as time pass by but we should be open for any possibilities. It may go down as you have said, and also may continue to rise up.

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

I wouldn't count on it. If you want to enter the game and own some coins it's best to do it now. If you have some and want to buy more then it would be wise to wait and watch the market before you find yourself heavily invested. That said BTC has been in a bullish trend for over a year and it will most likely remain in it due to upcoming fork and amazon preparing to accept it (it that's true).

qwertyup23

hero member

Activity: 2212

Merit: 786

Quote from: marukochanx3 on September 21, 2017, 06:48:27 PM

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0 Huh

2010 - 1btc = $0.1 - $0.08 Cry

2011 - 1btc = $0.75 Angry

2012 - 1btc = $9.04 Angry

2013 - 1btc = $301.20 Angry

2014 - 1btc = $753.01 Sad

2015 - 1btc = $451.81 Angry

2016 - 1btc = $828.31 Roll Eyes

2017 - 1btc = $3664.25 Shocked

From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ? Shocked

In fact there is! On July 2017, you did not include the fork that just happened which significantly reduced the rice of bitcoins down to $1950. Also, the price of bitcoins also decreased recently like 2-3 weeks ago due to China's banning of ICOs in their country. There are many factors that affect the price of bitcoins and due to its volatility, it is also very hard to predict whether there may be an increase or decrease on the short-term perspective. But the chart you provided is very accurate towards the increasing part of its price. Even though there are factors that decrease its price, it still remains that in the long-run perspective, the price of bitcoins still increase.

Sithara007

legendary

Activity: 3276

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

What sort of question is this? Remember 2014-16? We were having continuous price decline during this time. The rates peaked at $1,230 per coin in December 2013 and it started sliding after news from China came out. Then in 2014 February, the Mt Gox robbery happened. The prices went on a free fall, and reached $200 per coin by 2016.

GreenBits

legendary

Activity: 1148

Merit: 1048

hell to the yes there is an immediate danger of a price reduction. the markets seemingly still havent recovered from the Chinese developments, and it seems like every week there is an additional government somewhere that is issuing a guidance about bitcoin, or trying to regulate cryptos in general. this is a good sign I think; its money, and thus will have to be accepted by the mainstream banking industry in order to be widely adopted. with that being said, bitcoin isnt very compatible with the way the banking system has worked up to this point, so they will most likely reject it instead of embracing it.

notice the focus on blockchains, and not bitcoin Wink

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Yes, of course. Bitcoin is subject to wild price changes and will always be the case. For tomorrow, bitcoin can decline in price or it could go either way. The winners on this kind of volatile investment are those who are patient enough to not sell even if it takes a heavy beating on price. Usually, the ones who are left holding the bag are those who loses, specially in the altcoin markets but in the case of bitcoin, the bag holders are the ones who triumph and have the last laugh.

Ch1bi

full member

Activity: 289

Merit: 100

I think it's possible you'll see a slight reduction in bitcoin. I wouldn't expect a significant drop in the price of bitcoin like pre-2013, but with the upcoming hard fork of bitcoin we'll most likely will see a drop where you can buy in. Just keep in mind that the price of bitcoin will fluctuate and it's normal.

amaral1977

sr. member

Activity: 686

Merit: 250

For the current market conditions i would place orders on 3 levels. first level of 3600 to secure some coins at this deep, an order on 3200 because there isn´t much support to that level and a speculative order on 2800 for huge gains. Then wait for BTC to hit 5k and take some profit, but don´t sell it all:)

Quote from: marukochanx3 on September 21, 2017, 06:48:27 PM

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0 Huh

2010 - 1btc = $0.1 - $0.08 Cry

2011 - 1btc = $0.75 Angry

2012 - 1btc = $9.04 Angry

2013 - 1btc = $301.20 Angry

2014 - 1btc = $753.01 Sad

2015 - 1btc = $451.81 Angry

2016 - 1btc = $828.31 Roll Eyes

2017 - 1btc = $3664.25 Shocked

From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ? Shocked

joseafonso123az

sr. member

Activity: 476

Merit: 250

By the table you provided, there was only once a dip, and it took half of the value away. This time it reached $5000, and now it's dipping, and for me it might reach $2500 if it continues bubbling up and down. Or maybe the value is currently in correction, because it just increased in value more than 200%, it might be reaching it's potential value. But I doubt it dip anymore than $2500, and it might even not reach there.

sukamasoto

legendary

Activity: 1148

Merit: 1006

Black Panther

As you can see that bitcoin value still fluctuating irregularly so that's why bitcoin consider as risky investment
But I'm sure that bitcoin will keep climbing since more people or even company such as Amazon start to accept bitcoin recently

Quote from: marukochanx3 on September 21, 2017, 06:48:27 PM

.....

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ? Shocked

Iyeman

sr. member

Activity: 1183

Merit: 251

Quote from: marukochanx3 on September 21, 2017, 06:48:27 PM

Bitcoin approved and discovered in the world on 2009 and the first price is $0.

And this the history and bitcoin table when discovered in the world from 2009.[Using USD Rate 2017]
2009 [Discovered] - 1btc = $0 Huh

2010 - 1btc = $0.1 - $0.08 Cry

2011 - 1btc = $0.75 Angry

2012 - 1btc = $9.04 Angry

2013 - 1btc = $301.20 Angry

2014 - 1btc = $753.01 Sad

2015 - 1btc = $451.81 Angry

2016 - 1btc = $828.31 Roll Eyes

2017 - 1btc = $3664.25 Shocked

From this list we know bitcoin is not stable , frequently make increase and reduction on price.

Is there a possibility of a decline in the price of the bitcoin future , in doing so we must make a choice better invest a bitcoin or not ? Shocked

Yes as long as the goverment will still attack the bitcoin and the decline will be happening. But crypto was pnd and that just become a usual thing in my opinion. Don't worry if you are seeing the price of bitcoin gets decline and it will be back as soon as the people will back to buy bitcoin again. . Cool

Bolt Brownie

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Activity: 700

Merit: 350

Betting Championship betking.io/sports-leaderboard

It's hard to say. If we knew that we would all be rich. I do believe that the concept of crypto currency will not go away, and we will have a decentralized virtual currency in the future. I hope it's bitcoin, and if nothing really bad happens it should be it, and the price will rise a lot. If a new coin comes along, or if something really bad happens and the community loses trust, then BTC will go to zero. Blockchain is amazing, and bitcoin should continue to rise with it. It's value is due to it's potential and the trust it provides for the community. Right now I would put my money on it, and I think the price will rise a lot more.

AK47-

sr. member

Activity: 644

Merit: 250

Bitcoin is a speculative asset highly run by demand. There is nothing which is backing its value leaving demand and limited supply. The market can easily be manipulated by bulk holders or some bigger players by just propagating the false news as distribution is not uniform that we have already seen that in past. These things will keep on happening in future. But demand increase is in positive direction. Thus, price will rise but offcourse with fluctuations.

Yadstiker

full member

Activity: 373

Merit: 100

The unstable price of bitcoin is one of the most thrilling scene which also makes the people attract to it mostly investors, they can see that it has not yet being fully bloomed and just undergoing some kind of upgrades and had not yet been fully utilized. There are also speculations that it will go down, whether its true or not, nothing is for sure unless it will come, and the chances that it might happen is high so lets not expect too much, if it happens it will really happen.

carllpet

newbie

Activity: 83

Merit: 0

Bitcoin will rise more but the way you put your data shows it is in an uptrend.

TheUltraElite

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Merit: 1253

So anyway, I applied as a merit source :)

The rise and fall of bitcoin is a known thing in crypto market and if you cant deal with that then dont trade here. Bitcoin price is bound to increase in future and people who still doubt why this happens should learn the principle of cryptocurrency before making such statements.

In near future if big stubborn asses of finance make comments on bitcoin people will sell it and the prices will fall. If you are looking to invest in bitcoin that is the very moment that you must grab. Otherwise you will lose your opportunity. Place some buy orders for btc at lower prices and pray that they are touched, otherwise you just have to buy or market price which will be high relatively.

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