Reason of the price fall - page 17. | Bitcointalksearch.org

Habeler876

hero member

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Merit: 500

Quote from: lahm-44 on September 09, 2015, 06:58:54 AM

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

Well ofcourse the price is dropping on such news, but i believe it has much more to do with people expecting the price to fall, than it has to do with people actually leaving bitcoin.
But no matter what you do, there will always be reasons for the price to move, and where there's really nothing, people create FUD in order to move the price and make a profit.

Xenoph0bia

hero member

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Yes, its true that prices of bitcoin is falling but there is nothing wrong with it. Actually current demand for bitcoin is less than the supply, so the prices for bitcoins are lowered day by day. This is not a first time the prices of bitcoin has dropped, but there is always some corrections and then again prices go up to the some extend and it will be continue in the future as well.

GriffinHeart

full member

Activity: 182

Merit: 100

Hello there!

Well, Bitcoin when it was designed was not designed to be stable.
The very idea of an internet/global currency in itself wouldn't be stable.
Bitcoin's price can drop to the seabed or rise to the stars in a matter of minutes.
I don't see a problem. $230 is a hell of a lot of money for anything.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Well many things were a reason for a fall. Consider it like this, Bitcoin was really in the bubble, bubble that went up and over $1,000 slightly. Now that bubble has deflated. Why? Well Bitcoin infrastructure, development wasn't ready for that price. Also Bitcoin didn't have enough users and it wasn't accepted in enough places in order to sustain that price.

Also, every block awards you 25 bitcoins at the moment, so you need over a million in the buying power daily just to sustain current price. In July of the next year this will change, block reward decreases to 12,5 so it will be needed half the money as of today to keep the price at the current level.

Of course, these are not all of the reasons, these are only main reasons.

Denker

legendary

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Quote from: Amph on September 09, 2015, 08:46:46 AM

well, we were at almost 300, but then the split drama has come and we fall another time to the last stand

i was talking about this before, it seems that every little bad news puts bitcoin into knees, while good news does nothing for now

if everytime, bitcoin falls so big, then you can't rely on a steady growth to increase its value, there is the need of a massive pump..

Yeah it feels like if Bitcoin is carrying a giant heavy rock on it's back.We can hold it but we don't have enough power to throw it away and stand up. So what we need is a large injection of testosterone to get rid of that massive stone. So Bitcoins needs a fresh giant load of adopters who pump in more money.

Amph

legendary

Activity: 3248

Merit: 1070

well, we were at almost 300, but then the split drama has come and we fall another time to the last stand

i was talking about this before, it seems that every little bad news puts bitcoin into knees, while good news does nothing for now

if everytime, bitcoin falls so big, then you can't rely on a steady growth to increase its value, there is the need of a massive pump..

lahm-44

sr. member

Activity: 336

Merit: 250

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

Topic: Reason of the price fall - page 17. (Read 4988 times)