In 2013, when Bitcoin price crashed, early Bitcoin investors had gained up to three times their initial investment. In the past few months, the price increase has reached up to 87 percent.Bitcoin price has surged to $2,800 due to various factors, including the acceptance of cryptocurrency as a legal mode of payment, a stable growth in terms of international remittance services, among others.
Many have adopted Bitcoin as their mode of payment and it is already accepted by regulators as a legitimate way of investing. With its various potential consumer uses, Bitcoin may potentially become a mainstream asset. In fact, in some countries like Japan, Bitcoin is legally accepted as a method of payment.
Topic: Reason of the price fall - page 13. (Read 4988 times)
The reason I think you had a fall in bitcoin is that the price of bitcoin is now below mining cost for a lot of mines. Once you have mines close down, they tend to unload their stored bitcoin, which causes a chain reaction. My sense is that chain reaction is over and prices have stablized.Personally, I think that the future of bitcoin is very bright. However, that doesn't mean that the price of bitcoin will go up or down. Bitcoin is a very useful medium for exchange, and I think that people should invest in companies that use bitcoin, but not in bitcoin itself.
Bitcoin is designed to soar up and fall due to its supply vs demand . Ones supply is greater than demand the value falls down , it rises up when the demand is greater than the supply, Through this movement rise and fall anyone involved in bitcoin business are keeps monitoring to earn a good profit.
They grab oppurtunity when the value falls down. And dump when the price is up..
They grab oppurtunity when the value falls down. And dump when the price is up..
I'll be a bit more controversial here... BTC simply rose a bit too much too fast, and now it's deflating. A mini bubble bursting. It's why I'm not reading too much into it.
And if I was a better trader, I'd be making money off it. Instead, I'm just hodling. And waiting till the moment come to sell. True traders will hold when price is down not selling.
And if I was a better trader, I'd be making money off it. Instead, I'm just hodling. And waiting till the moment come to sell. True traders will hold when price is down not selling.
I know about the demand and supply and its the reason a marlet gets different price at different price but what make bitcoin users to lead to this pricefall..I mean once there was 1btc = 500$ and after that I herd some hackers have hacked some exchanges and many scammers also poped out during those days..and this all leads to currenct price of 230$ I hope some peoples will do something to avaood these problems as much as we can
Of recent I come to understand that prices fall because of rumor of bad news or negative news against bitcoin or others altcoins and not necessarily the force of demand and supplied. Currently one bitcoin equal to $4272 according to data from coinmarketcap and I do believe that this is a very high significant improvement from were we are when you open this thread. It then mean that people sell bitcoin out of panic and most times lose their hard earned money.
I think you guys have pulled a thread from 2015 for this discussion but I must say it was a nice idea.
Someone might have created the same thread on this when the BTC price was 4800 then it came back to 3000.
Someone might have created the same thread on this when the BTC price was 4800 then it came back to 3000.
I think that it still about the supply and demand of bitcoin, I don't think that your reason has to do with the price inflation or being dumped. Sellers panic so they sell their coins and it's the reason for the downfall of its price.
I believe that the reason of the price fall of bitcoin is about the fear of the people who have bitcoin on their bitcoin wallet because they see that there is a lot of bad news about bitcoin so the only thing for them to do is to sell so they can secure their profit and avoid getting losses in bitcoin so i think FUD is the main reason for the price fall.
Bad news as well as rumors will confuse the market place members about bitcoin. Whenever anything happened against bitcoin or any crypto issue that bitcoin price will be down fall. If there is any adoption or good news again then price will pump up.
Also we must remember people are buying bitcoin to invest in other digital currencies so then they offload bitcoin to invest in other crypto technologies so that also may be a reason as well. The fact that there is way too much speculation going on also frightens mainstream more conservative investor types from entering the bitcoin markets.
I think that why the price is going down, it that people are investing in alt coins.
Especially these weeks/months where ETH, XMR, DASH and other coins are on top.
So people are loosing their interest in bitcoin and the price is going down coz there are not much needs for people.
I'm not sure that people had an interest in bitcoin in the first place. They have an interest in making money, and are expecting another rise to $1k. I mean just look at the majority of posters on here. They dont care about the tech, or possibly disrupting the financial ssytem of the world, they are strictly here to try to cash in on another bull run.
Bitcoin is good to make money but not this year, the price has become unstable and this week there is a "big" price drop(at least for me).
And moving to alt coins seems a good opportunity to make money by buying and selling, and the profit can be earned also in the same day, which i personally did with etherum and other alt coins.
But what exactly made the price to fall these days, anyone can explain a bit?
The moment we begin to understand that by default, the price of bitcoin will raise and fall the better for everyone and the forum for the need of several threads created for the same purpose all over again.
Bitcoin price as at today will continue to witness the volatility even without any news at all. Not to talk of the moments now that the uncertainties abound. Every reason anyone can give cannot be unattached to what we already know. Just go about your business, trade like normal, if you are not sure of the future, maintain your position and you have less thing to worry about.
Bitcoin price as at today will continue to witness the volatility even without any news at all. Not to talk of the moments now that the uncertainties abound. Every reason anyone can give cannot be unattached to what we already know. Just go about your business, trade like normal, if you are not sure of the future, maintain your position and you have less thing to worry about.
This price fall is completely different. People panic because of the news about bitcoin being banned in China which is not yet proven to be true. Stop spreading fake news and don't sell your bitcoins because everyone will be affected by the great price decline of bitcoin.
I believe that the reason of the price fall of bitcoin is about the fear of the people who have bitcoin on their bitcoin wallet because they see that there is a lot of bad news about bitcoin so the only thing for them to do is to sell so they can secure their profit and avoid getting losses in bitcoin so i think FUD is the main reason for the price fall.
I think the reason of the price fall of bitcoin last week was the news about china. But after a couple of days it becomes normal again.
It is the main reason for this month why the price of bitcoin fall. And unlike what happened before there are some events that made the price lower. The hard fork and other the same events and expect next month there will be another reason for the price fall of bitcoin. Because it's gotta be the real test of bitcoin on November. And for us, we know on how many tests did bitcoin went through and it's going to be a test of weak and strong hands.
It's all about the game play of market news. Just look back in the history and see the major events that shook the base of bitcoin prices. There was hacking, exchanger closing, segwit situation, mass dumping and much more. With recent china regulations the sane situation was occurred on major scale. This is how the price of bitcoin can fluctuate if something goes wrong around the world. This is why the decentralised system works perfectly. If something good happening in one place then every one in the bitcoin will benefit from it because the effect is always global.
I think the reason of the price fall of bitcoin last week was the news about china. But after a couple of days it becomes normal again.
Each bad news puts a bitcoin on the knee, while the good news is nowhere if at any time, the bitcoin drops dramatically, then you can not rely on a steady increase to increase its value. . There is nothing we need to worry about right now. Everything's fine. Reducing half the price is the only thing that can make the price exceed $ 300 again, maybe even $ 400 if we're lucky.
I have nothing to worry about it. Because as the price of bitcoin drops, when the price rises doubly. I know that bitcoin is stable and not lost. I mean, bitcoin here to stay. While most of the current coins might disappear in the years to come, a few of these startups hold the potential to disrupt the entire financial system as we know it. So far ,the bitcoin's price value is higher than the other crypto currrency and it's good news for everyone.
Currently bitcoin is the digital currency that has the highest value when compared with some other coins on the market kripto.certain all bitcoin users hope about this progress is increasing along with the addition of bitcoin users and progress.
well its true we care for the btc if it falls but we need to see the btc rise and because of its tech of its digital good and speedy trasactions also the pssibility of second currency for us
All virtual currency is digital technology, however, bitcoin is the only currency that is powerful enough to sustain and operate in the long run. It has not encountered any obstacles. That made bitcoin strong and of great value.
I think already bitcoin community have taken major steps to strengthen the network and to make it secure from the hacker attacks and such problems, and many modifications are still happening to make it more secure. Hope so the issue you have stated will not happen in the future.
I know about the demand and supply and its the reason a marlet gets different price at different price but what make bitcoin users to lead to this pricefall..I mean once there was 1btc = 500$ and after that I herd some hackers have hacked some exchanges and many scammers also poped out during those days..and this all leads to currenct price of 230$ I hope some peoples will do something to avaood these problems as much as we can
I think the reason why the price this moment is falling because of the new that will happen on august 1. Most of the usesr sell their coins to make sure for the income. They think the possible may happen is the split (bcc and btc) in this situation the price of bitcoin will fall and it will back almost hundred dollar. When they observe that the coins is dumping, some user sell and secure their coins.The easy explanation is dumping if the supply of coins decrease while pumping is the supply of coins increase.
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