Low demands as bitcoin declined in price. - page 2.

Desmong

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Quote from: Aanuoluwatofunmi on March 20, 2023, 05:01:04 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.

That is why bitcoin is a digital currency that is volatile, you can't expect the price to be stable because many investors make their own profits from this, I don't see any thing to butress the low in demand of bitcoin due to dip in price, this has not been the first of it kinds, it rises and also drops with time, the force behind the demand and supply is what determines for the price and the value increases along.

Whether Bitcoin depreciate in price or not there are people that are going to see that as an opportunity to invest and buy more tokens. Bitcoin is an asset and not something we are going to buy that will not give us a better profits. Bitcoin is going and with time those of us that are patient investor will going to make the gain so far that we are holding patiently.

Findingnemo

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For the last few weeks the price of Bitcoin is on the rising side then how can you say that demand for Bitcoin is declining? Cause price increase proportional to the increase of demand.

I don't expect government to make bitcoin as legal tender so that we can use bitcoin without any panic because they will not let the decentralized money to grow which is actually against their own system so they will be doing such thing unless they left with no other choice.

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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.

That is why bitcoin is a digital currency that is volatile, you can't expect the price to be stable because many investors make their own profits from this, I don't see any thing to butress the low in demand of bitcoin due to dip in price, this has not been the first of it kinds, it rises and also drops with time, the force behind the demand and supply is what determines for the price and the value increases along.

serjent05

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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.

pawel7777

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Quote from: The Cryptovator on March 20, 2023, 02:49:59 PM

I'm not getting op when Bitcoin starts to rise create this thread. How can prices rise if there is no demand?

Well, if the supply drops even faster than demand, than the price goes up Grin

I'm struggling to make sense of the OP's post. I think he most likely means that there's a growing demand expressed as amounts of money, but at the same time is dropping in terms of number of people wanting to buy bitcoins (i.e. number of new wallets?).
Not worth discussing unless there's a source of data.

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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 don't think OP was around when bitcoin dropped to less than $15,000. And there were even predictions that it will get to $5000. This period has been a very good time for bitcoin and players in the sector are smiling after a long bear run. Although I might not be correct, but I am suspecting that just like the fall of crypto exchanges led to the drop in the price of bitcoin, the fall of banks might be the reason for the rise in the price. Op you should know that we are in a mini-bull run or a pre-bull run, so enjoy it Cheesy

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The Cryptovator

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I'm not getting op when Bitcoin starts to rise create this thread. How can prices rise if there is no demand? We can say that there aren't many institutional investors yet. But that doesn't mean there aren't any demands. Don't expect the centralized government to accept Bitcoin anytime soon. It's because they have no control of it. Slowly, but don't expect global adaptation to happen overnight. Each government has its own perspective on Bitcoin. However, I believe that investors are gradually entering the market, which is why prices are moving so quickly.

blockman

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I'm also confused about why OP is telling that the demand for bitcoin and its price is correlatively low because they're not. But I do agree with the latter part about what he said that it will be better no matter what happens. I'm not so sure if this is because after hitting $28k it didn't proceed too quickly to $29k which he might be thinking that it's going to happen so fast without any stopover. But let's come to that point that if it's looking low based on what he said then we're seeing that due to the major issues that these banks have shown lately, people are coming up with the idea that by having bitcoin, you have your own wealth with you wherever you are and there's no worry that it's gonna file bankruptcy since it's decentralized. Anyway, if by some little movements of bitcoin's price we're too discouraged to think that it's an actual decline, look where it has come from.

kryptqnick

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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.

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What is happening with US banks regarding the possibility of collapse could be one of the most important reasons, especially since many of those banks support crypto transfers. The collapse of Silicon Valley Bank is the most important event now after the collapse of the ftx stock exchange, especially as it provides financial support to many startups, some of which may also be supportive of crypto and are in need of financial support. All this could be the reason for the panic, which mainly caused the decline in the demand for crypto in general, and in particular Bitcoin.

Godlovesyou

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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.

There is no good investment can be overrated above bitcoin, be it economy, political or socio tourism. Government knew the value, that only the never wants the citizens to be independent. They should legalize the bitcoin as digital currency with easy exchange any currency in the world.

Bitcoin will burst our bubbles and grow states economy on stable analysis and people can become an assets instead of liabilities. All this low demands is simply cause by government and barons who were supposed to give adequate support to the system. Bitcoin will remain bitcoin even stronger and better

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