Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?
Here in a situation like this where the value of Bitcoin is weakening our patience in the test. For people who still believe in Bitcoin it is a person who has patience. like me currently who is still optimistic if Bitcoin will remain popular in the future and experience an increase in value. 
Topic: Market confidence in bitcoin. - page 18. (Read 2011 times)
Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?
The market is really waiting for bitcoin to come out of the falling trend and start growing. Of course no one expects the mad big takeoff as it was before, but the higher and more stable growth is still hoped. 
The confidence in the bitcoin market is build on the understanding on how the market works knowing how volatile the bitcoin market is and it ability to recover real soon.
It looks like the market has rebounded. Confidence is being restored.
People most of the time are only concentrated in the short term most people never think on the long term or they do iy in vague terms, this is why they are incapable to see this has happened many times already in bitcoin and that after some time the price recovers but even if they knew that information it will be impossible for people like that to hold that long since they never had any intention to do so, so they will prefer to sell their coins and invest in whatever is hot at the moment.
Well I prefer to sell whatever is hot at the moment and buy whatever is falling in prices(I'm talking about good coins not shitcoins of course). And I'm holding BTC until it reaches at least 20k+.
I Think big confidence should be on Bitcoin because everyone has been using the Bitcoin market for a long time in the right way. Moreover, Bitcoin acts as a digital currency. It is a computer software out of hand. So Bitcoin is real.
This is not the first time the bitcoin market will experience insignificant increase in price and impressed stagnant or dumped in price but it later surge. However, everyday is not Christmas and a successful business must accept debt sometimes.. Besides, bitcoin was not the only crypto currency facing such price movement, so shouldn't jump into conclusion by choosing another coin as alternative and when things like this happened something good usually come out of it in the end.
Well said. Base on my research and from what I learned from the year 2016 market correction. Things like this happen sometimes in the crypto currency sphere every 2 or 3 years to create a chance for buying dip before the bitcoin or altcoin halving and it only those that wait patiently and buy in dip that always gain from the market correction.Hope this make you guys know what to do.
The key is the adoption. If bitcoin will be adapted into current world finance and politics, it will survive and it can prosper. Crpto market is still very small in comparison with stock or other markets, just hold your funds and you will not be dissapointed.
Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?
The belief in crypto coins is now declining and it is making the market fall to date, but confidence in crypto coins will grow and will make market prices rise high. Be patient and wait, the market will surely increase.
just be patient and wait. all cryptos now experienced some decline. btc value will rise again hopefully by the end of this year
we just need to be patient. this may be just another correction and just wait a couple of weeks and prices will probably shoot up again.
Market seems to be recovering and it has reached 6350$ and seems that may be we can see again btc in 7k range in couple of days. We do require patience as it is not easy being so volatile and we cannot keep on selling in panic mode as we only make losses in such sell.
I think this just last year,BTC went up rapdly and reach to 7000 dollars when Ber month comes. As you can see today it is already starting going up. Just be patient and hodl. Haha
No, if so, the price of 'substitute' coin will move in an opposite way or no effect at all but in fact a bit more Bitcoin giving a permanent impact and this indicates that Bitcoin still has its own influence and charm.
I read, 80% of the coins being dumped now are from long term holders, they want OUT!
There are more sellers but who will buy or mine Bitcoin at such high prices
Source? Trust me, eh? There are more sellers but who will buy or mine Bitcoin at such high prices
we just need to be patient. this may be just another correction and just wait a couple of weeks and prices will probably shoot up again.
My question is, is switching to another coin also paying?
Because I know other coin are also experiencing dump and it just like extending ones stress.
And like it was said, the dump on bitcoin makes one weak and discouraged but I hope our expectations for the pump soon will not be disappointed.
Technically, switching to another cryptocurrency won't pay at all because the whole dump in price scenario thing affected all cryptocurrency not only bitcoin. However, the dump in price and market are normal things that happen in crypto market and it even happen in the real business either. Because I know other coin are also experiencing dump and it just like extending ones stress.
And like it was said, the dump on bitcoin makes one weak and discouraged but I hope our expectations for the pump soon will not be disappointed.
My question is, is switching to another coin also paying?
Because I know other coin are also experiencing dump and it just like extending ones stress.
And like it was said, the dump on bitcoin makes one weak and discouraged but I hope our expectations for the pump soon will not be disappointed.
Because I know other coin are also experiencing dump and it just like extending ones stress.
And like it was said, the dump on bitcoin makes one weak and discouraged but I hope our expectations for the pump soon will not be disappointed.
You should be confident in what you invest, remember it is your property.
Some time this price is down but most of the time this price is high. I accept the bitcoin market price most up time. Feeling the market confidence from bitcoin good confidence.
Actually who have decision sell and buy bitcoin that make bitcoin market increase and decrease is the user. The user have a strategy for their investment, long term or short term investment. But, we have know in the beginning this year many information attack cryptocurrency and this is the reason way the user cryptocurrency change their strategy.
I mean, who have long term strategy they will often to see the movement price caused afraid the price will decrease again, even more like this time. This situation is not about who believe with the future of cryptocurrency or bitcoin will have high price, but they consider to sell and buy bitcoin or altcoin at the lower price. I'm sure they will come soon and make the market cryptocurrency will increase again.
I mean, who have long term strategy they will often to see the movement price caused afraid the price will decrease again, even more like this time. This situation is not about who believe with the future of cryptocurrency or bitcoin will have high price, but they consider to sell and buy bitcoin or altcoin at the lower price. I'm sure they will come soon and make the market cryptocurrency will increase again.
Mainly in market most of the coins are infected for price based on this the price of btc is decreasing drastically based on this we know the demand and supply in the market the portions is needed its not completed in market that’s why this things are happening also this is very frustrating for users also.
Bitcoins market confidence can be ensured simply by en counting the market capital and the volume of its daily trade. etc .Bitcoin has originated with a strong net work systems incorporated with the block chain technology..The block chain technology ensures its security and clarity. Bitcoin has definite features such as decentralization ,anonymity and the transactions are recorded in an electronic ledger with block chain technology.No government or the controlling authority over the bitcoin, Peer to peer transactions.There will not be any third party intervention to its transactions only the buyer and seller knows each other.
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