Low demands as bitcoin declined in price.

Jody.Drummer

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Quote from: borovichok on March 22, 2023, 01:05:49 AM

Quote from: Jody.Drummer on March 21, 2023, 04:21:07 AM

The current condition of bitcoin is in a positive trend even though it hasn't fully improved as a whole how can it be called low because of course because the increase in bitcoin occurs then of course the demand is greater.
It should be realized that when bitcoin is growing, it is based on increasing demand so that the price is also getting bigger.
Talking about the government, we can't expect too much with bitcoin especially in terms of the current conditions it is clear that they are against even though at the moment there are some who accept but that is only a small part of the whole.

A rise in demand will cause a bullish uptrend in the Bitcoin charts. I am aware that it is a ruse to get traders to believe that the bull market has begun, despite the market flashing some green candles. Although I can't say for sure, with Gold, it's either a green long candle today and a red bearish candle tomorrow. I'm adjusting to it circulate in either bull or bear. The same thing holds true for Bitcoin. The government is working tirelessly to delegitimize the project, but because it is a leading coin in its field, it resists and no one can stop it from existing.

That's right, that appearing of a green candle does not mean the bull market is about to start, it could just reverse, as you said today appearing of a green candle, tomorrow could be a long red candle. I don't really think about it that much, because I have my own analysis of when bitcoin will start its bull market. Usually in these circumstances some people will take advantage, if they buy bitcoin at the lowest price and they will wait for the right time to re-enter the market.

borovichok

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Quote from: Jody.Drummer on March 21, 2023, 04:21:07 AM

The current condition of bitcoin is in a positive trend even though it hasn't fully improved as a whole how can it be called low because of course because the increase in bitcoin occurs then of course the demand is greater.
It should be realized that when bitcoin is growing, it is based on increasing demand so that the price is also getting bigger.
Talking about the government, we can't expect too much with bitcoin especially in terms of the current conditions it is clear that they are against even though at the moment there are some who accept but that is only a small part of the whole.

A rise in demand will cause a bullish uptrend in the Bitcoin charts. I am aware that it is a ruse to get traders to believe that the bull market has begun, despite the market flashing some green candles. Although I can't say for sure, with Gold, it's either a green long candle today and a red bearish candle tomorrow. I'm adjusting to it circulate in either bull or bear. The same thing holds true for Bitcoin. The government is working tirelessly to delegitimize the project, but because it is a leading coin in its field, it resists and no one can stop it from existing.

StarKay

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Quote from: serjent05 on March 20, 2023, 04:50:42 PM

I think @OP is not pro Bitcoin and the way I see his thread, he is reminding us to be careful in dealing with Bitcoin because it will burst one day just like the Tulip Bubble. There had been lots of topic and conversation of Bitcoin being a bubble but until now they are proven to be wrong by Bitcoin market. We can look at the performance of Bitcoin market, it may be highly volatile but in its every cycle, for more than 10 years, it always recover every crash and break its recorded ATH every cycle.

Bitcoin with the current increase in price couldn't be considered in low demand. Just like pawel7777 stated, when there is an increase of price, demand outweigh the supply and that means there is low supply and bigger demand.

The OP is likely pro bitcoin based on his later comment that he expects BTC to be stronger and better with time. I just don't know where the OP gets his stats about low demand for BTC from.
The price of BTC is rising at the moment and basic economics teaches us that increase in demand for commodity drives prices higher, so I can say that we are actually experiencing higher demand for BTC presently.

pawel7777

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Quote from: KiaKia on March 21, 2023, 04:08:00 AM

Bitcoin price can never be stable, even if the chart is showing pump signs, there will be corrections and there will be consolidations, this is a normal movement for Bitcoin price action,

Why can't it be stable exactly? Sure, it'll never lock at a certain price forever and there will always be some price action. Still, it's somewhat expected that Bitcoin will become less volatile upon reaching its maximum adoption. I expect it at, some point, to achieve stability similar to the gold market.

FahriZah

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We Know About Bitcoin And Crypto Currency Sectors How To Working It And How To Growth The Bitcoin Price Actually Many Many New People’s Are Thinking About Bitcoin Price In Future Not Demands And Previously Make All Time High ( ATH) That's Why Bitcoin Again Can,t Go Like Provirus Price Actually This Types Of Thinking Totally Wrong And It's Not Good Thinking.When I Seen Crypto Price At 2014-2015 Than 1 Bitcoin = Upto $800 And 2018 One Bitcoin Go So Far Like Upto $19k And Again Market Dumping I Mean Bear Market START Than Price Below Come Down At $4k - $5k Actually That Is A Market Crash And Bitcoin Agaib Hit 2021-2022 Near $70k It’s So Far And We Hope Again START Bull Market Very Soon And We Can See Easily Bitcoin $70k - $100k Within 2025 And Low Demands As Bitcoin Declined In Price Thanks.

Jody.Drummer

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The current condition of bitcoin is in a positive trend even though it hasn't fully improved as a whole how can it be called low because of course because the increase in bitcoin occurs then of course the demand is greater.
It should be realized that when bitcoin is growing, it is based on increasing demand so that the price is also getting bigger.
Talking about the government, we can't expect too much with bitcoin especially in terms of the current conditions it is clear that they are against even though at the moment there are some who accept but that is only a small part of the whole.

yazher

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Quote from: kryptqnick on March 20, 2023, 01:29:15 PM

I'm not sure what the op means about a low demand for Bitcoin and Bitcoin price getting lower. It's clearly getting higher and higher, and it's happening pretty fast. It also means that Bitcoin is in high demand, as that's what leads to the price growing over time. I don't think the reason why Bitcoin is growing is clear. It might be because of the banks in the US, or maybe Bitcoin just stayed low for too long and it's finally building up toward a proper bull run, which happens from time to time regardless of external economic or political factors.

I think the OP concluded a minor event as a whole as happening and little he did know about the situation of the crypto market and maybe he didn't know that the price will fastly recover after just a sudden decline of the price. If you are a newbie and you don't know the volatility of the market, you seem to be confused but if you get used to it, you will know that situations like that are normal and there's really nothing to be worried about. Bitcoin price will continue to rise and fall from time to time and those who will panic won't really get to where they want to be in their bitcoin investment, that's why it's really recommended not to focus on the market while you waiting for the price to increase because it will ruin your peace of mind.

KiaKia

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Bitcoin price can never be stable, even if the chart is showing pump signs, there will be corrections and there will be consolidations, this is a normal movement for Bitcoin price action, if shows how new you are to Bitcoin Mr. Godlovesyou, make sure you do your research on Bitcoin price actions, it is a volatile digital currency and the best there is.

worle1bm

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The price movement has been slightly low which is normal but if you have observed them in few weeks then clear indication is there were some pumps which has moved it to $27k so is it showing decline in demand in any way? The investment will continue to rise in long run because banking system are collapsing so more people would move to btc market to gain profits and be safe so just hold it patiently.

tjtonmoy

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Quote from: Godlovesyou on March 20, 2023, 12:03:02 PM

Bitcoin will remain bitcoin even stronger and better

It's unfortunate that some governments and entrepreneurs still view bitcoin as a threat to their power and control over financial systems. But as more people become educated about the benefits of bitcoin and as the technology continues to improve, I believe that it is just a matter of time before those same governments will beg to adapt to BTC.
Also. It's clear that bitcoin is here to stay and will only get stronger with time. It all about waiting game. And price change, low demand, FUD they are all common. Just zoom out the price chart to see the bigger picture.

Rupok

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I don't think that the demand for Bitcoin is decreasing. We think that with the decrease in the price of Bitcoin the investors are decreasing,this is a wrong concept.Because there are many investors who are now buying and holding Bitcoin. However, some investors do not want to take risks considering the market conditions.We panic when we see the price drop but there is no less demand for Bitcoin in the market we see the price around 25-28k$ which is already very high.Bitcoin has already risen in price, investors will surely be more interested. The demand for Bitcoin will surely increase if it is legalized among all countries.

kelonmusk

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In fact, I believe that Bitcoin is one of the best investment opportunities available today, surpassing any other investment option in terms of economy, politics, and socio-tourism.

The government should take notice of this and legalize Bitcoin as a digital currency that can be easily exchanged with any currency in the world.

So, yeah this move will help to burst our economic bubbles and lead to stable growth for states' economies. Moreover, it will empower citizens to become assets rather than liabilities.

I mean, it's a shame that the current low demand for Bitcoin is largely caused by the government and barons who fail to provide adequate support to the system. Nevertheless, I am optimistic that Bitcoin will remain a strong and resilient investment opportunity, only getting better with time.

hZti

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Quote from: GreatArkansas on March 20, 2023, 08:02:50 PM

Hahaha, yeah. Maybe OP was looking at the different numbers because for me, day by day, a lot of new people are being introduced to Bitcoin.
Another example is the Bitcoin network hash rate even though we had a huge dump in the price of Bitcoin recently, the Bitcoin network hash rate is still increasing over the years. So, the computer power that is given to Bitcoin by Bitcoin miners is always increasing.

Well this graph in general only shows that ASICS are getting more and more advanced. What would be way more interesting is, how much energy is put into bitcoin network and how many miners there are. Those numbers are way harder to obtain though. In general the OP is wrong of course. Bitcoin is in this moment at the start of a bullrun and for sure not at the end.

Merit.s

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OP, I guess you don't understand that bitcoin price is moving up due to the crash of SVB,Credit Sussie. Many investors are switching over on investing on bitcoin since it is not controlled by a third party. Government will not accept the adoption of bitcoin easily because the whole settings is beyond their control. Bitcoin adoption by individuals is spreading fast compared to other years. If the government sees that there is nothing they can do about stopping people from the adoption or when they see that their fiat currency is worthless, they may have no choice but to key into bitcoin adoption so that they won't be left out. In bitcoin race majority of them have failed to see it as an alternative means as a store of value,instead they believe in their banks. This year is a good year for bitcoin,since January the price has being moving up beyond our expectations.

Asuspawer09

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Bitcoin surely doesn't have low demand as we can see in the market the price was around 25-28k$ which is already pretty high, I mean it has the highest market price in all cryptocurrencies. So I don't think there was a low demand when it comes to bitcoin, because there are already a lot of investors that invested in it. And Where probably going to expect a lot of investors to join soon because of a lot of movement in the market, in just weeks the market price has a lot of movement and that is when a lot of investors try to make a quick profit.

We already have momentum, and the market is slowly recovering from the bear market, it is just a matter of time because at any moment we could easily expect a skyrocket in the market price of Bitcoin. But still, bitcoin is a big bubble that could easily crumble, it wasn't supposedly caused by the government I mean its a cycle and we cannot expect a Bullrun every time.

Fundamentals Of

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What decline in price are you talking about? Just around 10 days ago, the price of Bitcoin was below $20,000. Now, the price of Bitcoin is above $28,000. That doesn't look like a decline to me. That is an increase. Although there is a correction happening because the price has already went beyond $28,5000, the current price is not that far from it. So in general there is actually an increase in the price and it is not just a slight increase. For the past week, the price has grown almost 20%. And as you know, an increase in price means increase in demand.

BlackBoss_

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Quote from: GreatArkansas on March 20, 2023, 08:02:50 PM

Maybe OP was looking at the different numbers because for me, day by day, a lot of new people are being introduced to Bitcoin.
Another example is the Bitcoin network hash rate even though we had a huge dump in the price of Bitcoin recently, the Bitcoin network hash rate is still increasing over the years. So, the computer power that is given to Bitcoin by Bitcoin miners is always increasing.

Bitcoin has a biggest and healthiest network from its highest hashrate and decentralization of hashrate. If reversible transactions are the most terrible situation nobody want, with Bitcoin network, it is impossible because to have enough hashrate to attack the network, 51% of total hashrate will cost a lot for attackers.

Moreover, attackers won't be able to maintain it too long because nowadays in blockchain, people have lot of efficient bots that can detect suspicious activities within seconds to minutes. Community will react to such situation very quickly.

We can use Ethereum Classic attacks as example and Bitcoin is much bigger than Ethereum Classic.

How many bitcoin confirmations is enough
https://howmanyconfs.com/

GreatArkansas

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Quote from: Baofeng on March 20, 2023, 06:25:23 PM

Quote from: Godlovesyou on March 20, 2023, 12:03:02 PM

There is been low demands in the technological core about bitcoin wallets because people felt the price has not being well doing over time. I wants you to understand that the big banks and entrepreneurs are profits oriented ventures, that's why nobody wants to keep their money in bitcoin at this period of its lapses.

The demands in bitcoin is really low in figures but not in values since no big investor's are pushing their money into bitcoin but when this saga is over the same big investor's will still wants to survive through bitcoin.

Where do you get your numbers that there are low demand in BTC? Lol, have you seen the current rise in the price? Have you seen that we almost doubled the price that what we have like 5-6 months ago?
(....)

Hahaha, yeah. Maybe OP was looking at the different numbers because for me, day by day, a lot of new people are being introduced to Bitcoin.
Another example is the Bitcoin network hash rate even though we had a huge dump in the price of Bitcoin recently, the Bitcoin network hash rate is still increasing over the years. So, the computer power that is given to Bitcoin by Bitcoin miners is always increasing.

Baofeng

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Quote from: Godlovesyou on March 20, 2023, 12:03:02 PM

There is been low demands in the technological core about bitcoin wallets because people felt the price has not being well doing over time. I wants you to understand that the big banks and entrepreneurs are profits oriented ventures, that's why nobody wants to keep their money in bitcoin at this period of its lapses.

The demands in bitcoin is really low in figures but not in values since no big investor's are pushing their money into bitcoin but when this saga is over the same big investor's will still wants to survive through bitcoin.

Where do you get your numbers that there are low demand in BTC? Lol, have you seen the current rise in the price? Have you seen that we almost doubled the price that what we have like 5-6 months ago?

Or it is just me on the timing of this kind of threads from newbies, hehehe, it's either they just like to create FUD and buy more bitcoin or really doesn't know what's going on right now. Although technically we are still in the bear market, but having grown at the start of the year, for sure there is more demand right now as compare to last year. And regarding the argument that nobody wants to keep their money in Bitcoin, it already proven itself to be a good financial hedge, just like what we have seen during the pandemic crisis in 2020. It went down in March but later on went on a bull run, topping $60k++. So it's not a wise decision to think that BTC is not a safe haven specially with the Banking crisis that we are witnessing.

Charmekkd

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now bitcoin has increased and for sure this is because people are buying bitcoin more and more,
and if which buy a few bitcoins, the price will definitely go down.
like what happened to bitcoin when the market was bear in 2022.

I hope the bear market goes away quickly.

Topic: Low demands as bitcoin declined in price. (Read 243 times)