The harmful affect of a continuous downward movement of the Bitcoin price. - page 5.

Juggy777

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Quote from: olubams on December 06, 2018, 11:30:59 AM

The harmful effect cannot be underestimated for any reason. For one, the disinterest that is generating is alarming. People who don't lose hope easily would start to get wearied because of the continuous fall while the individuals that have never been bearer of good tidings will have reasons to continue their onslaught against crypto in general which in real sense would continue to give concerns to the general market.

The downside fall in bitcoins prices is hurting everybody that's true, but not those who treat it as a long term holding currency. I believe it's time people realised we cannot use bitcoins for our daily usage, even though some popular brands accept it I feel we should concentrate more on the holding part here. I believe each and every market sees a bad phase, but once that phase is done with prices rally upwards, hence I believe bitcoins shall rally upwards in the long run but we need to be patient with it.

KesoNie

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Quote from: gamalzour on December 11, 2018, 03:50:20 AM

Quote from: Kakmakr on December 05, 2018, 02:22:17 AM

Most people would agree that it would be more beneficial for the price of a stock/commodity/currency to slowly go up, rather than continuously going down.

Investors are looking at a potential investment, where they can be motivated to invest more money into that investment, because the profit is held in front of them, because the price is continuously going up. This is what happened prior to 2017 and that is why investors dumped large amounts of money into Bitcoin.

Now, with the price constantly going down, investors are sceptical to invest in Bitcoin and some short-term investors are pulling the plug.

Even if you are not interested in Bitcoin as an investor and you are just buying bitcoins to use as a currency, then a continuous downward movement in the price is more heart breaking, because you are getting less value for the bitcoins that you bought the day or the week before.

Even merchants hate a downward spiral of the price, because they will lose profit, if they are not using a payment processor to convert the coins to fiat currency.

On the way down a lot of people panic and they sell at a loss and these people will lose confidence in the currency/commodity and they will never invest in Bitcoin again.

We need a slow upward trend to get us back on track or this will go down in flames. Sad

It’s best the way that things have been. Although I am not happy for how the market is going down, but it shouldn’t only go up, cause many sees it as a source of making quick and free money. Now that the price is down, all of them have dismissed themselves and it would take them by surprise when the market begin to go back up.

If the movement of Bitcoin price is continuously downward then surely the effect of it is many people will be get less interested to it that cause to Bitcoin to not become popular anymore. Also Bitcoin most of the time it is the started to rise before the other crypto, and when Bitcoin fall it also fall the other crypto, so I think there huge eefect not only is but to all crypto once the bitcoin is falling. But I know that Bitcoin can recover from its long time falling price.

gamalzour

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Quote from: Kakmakr on December 05, 2018, 02:22:17 AM

Most people would agree that it would be more beneficial for the price of a stock/commodity/currency to slowly go up, rather than continuously going down.

Investors are looking at a potential investment, where they can be motivated to invest more money into that investment, because the profit is held in front of them, because the price is continuously going up. This is what happened prior to 2017 and that is why investors dumped large amounts of money into Bitcoin.

Now, with the price constantly going down, investors are sceptical to invest in Bitcoin and some short-term investors are pulling the plug.

Even if you are not interested in Bitcoin as an investor and you are just buying bitcoins to use as a currency, then a continuous downward movement in the price is more heart breaking, because you are getting less value for the bitcoins that you bought the day or the week before.

Even merchants hate a downward spiral of the price, because they will lose profit, if they are not using a payment processor to convert the coins to fiat currency.

On the way down a lot of people panic and they sell at a loss and these people will lose confidence in the currency/commodity and they will never invest in Bitcoin again.

We need a slow upward trend to get us back on track or this will go down in flames. Sad

It’s best the way that things have been. Although I am not happy for how the market is going down, but it shouldn’t only go up, cause many sees it as a source of making quick and free money. Now that the price is down, all of them have dismissed themselves and it would take them by surprise when the market begin to go back up.

jatin729

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I don't have any problem with bitcoin price falling, It matters when all other crypto tokens also show download movement beside bitcoin. continuous downward movement can barrier for upcoming good project in blockchain industry. Other harmful impact can be that people would have negative perception towards crypto and deal with it like bubble without considering its potential....

gabmen

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Quote from: hatshepsut93 on December 09, 2018, 07:44:17 PM

Quote from: BitHodler on December 09, 2018, 09:53:31 AM

I see it as a healthy movement despite the horrible sentiment amongst most of the people here. This market has been infested with get rich quick rookies and they did everything they could to turn this market into a shitshow.

This longer term bear market drives these rookies out, and while I feel somewhat sorry for people, because I don't want anyone to lose more than they can afford, but if utility wants to get the upper hand, this is the way to go.

What we will be left with are those who are here for the fundamentals, and not to fill their pockets and then exit. We'll see where it goes from here, but I'm not confident that we have seen the worst yet...

The new generation of "get rich quick" opporunists will emerge with a new bull cycle, it's inevitable. Combine Bitcoin's accessibility and huge popularity, and you get a highly emotional markets with "doom and gloom" like OP's post, or some crazy moon expectations with lambo's. I believe time will cure this behavior, eventually volatility will decline and Bitcoin will become boring - it will still move a lot, compared to stocks and other traditional markets, but less crazy than now, so it will be more usable as currency and store of value.

Yeah you can't really purge those kinds of thinkers out since the market eventually recovers. Excitement will once again get us to high levels with fomo more likely drawing these people back in again. And in a continuous trend like this, some real traders actually lose interest and get out.

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

So you expect only an upward trend?
That's very unhealthy if it's only upward. It makes bitcoin look like some sort of pyramid or ponzi scheme, Upward and downward trends are normal IMO.
Investors will always getting in so long as cryptos are profitable. Behind those small up and down movements you see, people are making profits

hatshepsut93

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Quote from: BitHodler on December 09, 2018, 09:53:31 AM

I see it as a healthy movement despite the horrible sentiment amongst most of the people here. This market has been infested with get rich quick rookies and they did everything they could to turn this market into a shitshow.

This longer term bear market drives these rookies out, and while I feel somewhat sorry for people, because I don't want anyone to lose more than they can afford, but if utility wants to get the upper hand, this is the way to go.

What we will be left with are those who are here for the fundamentals, and not to fill their pockets and then exit. We'll see where it goes from here, but I'm not confident that we have seen the worst yet...

The new generation of "get rich quick" opporunists will emerge with a new bull cycle, it's inevitable. Combine Bitcoin's accessibility and huge popularity, and you get a highly emotional markets with "doom and gloom" like OP's post, or some crazy moon expectations with lambo's. I believe time will cure this behavior, eventually volatility will decline and Bitcoin will become boring - it will still move a lot, compared to stocks and other traditional markets, but less crazy than now, so it will be more usable as currency and store of value.

Vinz1978

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The downtrend of bitcoin greatly affect the overall market since it covers majority of the market cap. Considering that it is also the most recognize among all coin, the decision making other invetors are influenced by thia making the investors bearish.

ATMD

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Quote from: Kakmakr on December 05, 2018, 02:22:17 AM

Most people would agree that it would be more beneficial for the price of a stock/commodity/currency to slowly go up, rather than continuously going down.

Investors are looking at a potential investment, where they can be motivated to invest more money into that investment, because the profit is held in front of them, because the price is continuously going up. This is what happened prior to 2017 and that is why investors dumped large amounts of money into Bitcoin.

Now, with the price constantly going down, investors are sceptical to invest in Bitcoin and some short-term investors are pulling the plug.

I believe there will always be a market for Bitcoin even when the prices are falling, those who didn't invest before might see an opportunity to buy cheap

cryptomax217

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it's really not a happy situation when something that you invested on just continuously dips. you invest because you want to earn, not lose.

BitHodler

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I see it as a healthy movement despite the horrible sentiment amongst most of the people here. This market has been infested with get rich quick rookies and they did everything they could to turn this market into a shitshow.

This longer term bear market drives these rookies out, and while I feel somewhat sorry for people, because I don't want anyone to lose more than they can afford, but if utility wants to get the upper hand, this is the way to go.

What we will be left with are those who are here for the fundamentals, and not to fill their pockets and then exit. We'll see where it goes from here, but I'm not confident that we have seen the worst yet...

Cherylstar86

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Quote from: Janation on December 09, 2018, 01:07:39 AM

Quote from: Escf4 on December 08, 2018, 10:41:13 PM

The harmful effect of the continuous downward movement of the bitcoin price in the market cap ,is the pissibility of losing customers and investors ,because these people would have to evaluate the effects of their money if they will pursue to invest in crypto now that the market is suffering falldown of value.

And that would just proves how not open-minded these "customers" are.

The price of Bitcoin is the same in the past, the only difference is that the price of it is far more different than the past's price. If the price dumps, the people exits, when price pumps, the people enters and why shouldn't they just stay inside so they will not be bandwagon in changes of the whole market. There might be a harmful effect, but always remember that if there is a harmful effect, there is a good effect.

It's good to see and hear that despite the arising crisis we are facing there are still those people who stay optimistic and hopeful. However, it's undeniable that due to wild swing of the market, it can have a big negative impact as investors will likely to withdraw, leave the market and could possibly create a certain path that would lead for others to do the same. There have been both positive and negative news circulating around regarding bitcoin and it can somehow trigger the decision of people from around the world if they cannot be guided accordingly. We all can be a media to spread awareness and understanding of the real essence of Bitcoin. It's not going to be easy but I'm hopeful that we all can survive from this crash and together we can be back on track again.

chairmanMao

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The continued decline in Bitcoin has had a huge impact, and the entire industry surrounding cryptocurrencies will stagnate, such as mining and NVIDIA, bounty hunters and ICOs. These occupations will disappear, and the decline in the price of Bitcoin will cause certain problems in the entire ecology.

wahyu wida

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Quote from: Sadlife on December 09, 2018, 02:01:29 AM

That's not entirely true the stocks has also been going down must be also of the holiday season as for the bitcoin price there are speculations that it's being heavily manipulated look at JP morgan who told bitcoin is a fraud and told his employees to not use btc or they will be fired but the goldman sachs company is secretly buying it. The institutional investors is purposely making FUD to buy cheap crypto's and it seems they're succeeding.

it happens from those who have other views about bitcoin, by taking advantage of opportunities at falling prices, they can buy them cheaply and wait for the fomo to occur. that's when their goal is perfect

Sadlife

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That's not entirely true the stocks has also been going down must be also of the holiday season as for the bitcoin price there are speculations that it's being heavily manipulated look at JP morgan who told bitcoin is a fraud and told his employees to not use btc or they will be fired but the goldman sachs company is secretly buying it. The institutional investors is purposely making FUD to buy cheap crypto's and it seems they're succeeding.

Janation

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Quote from: Escf4 on December 08, 2018, 10:41:13 PM

The harmful effect of the continuous downward movement of the bitcoin price in the market cap ,is the pissibility of losing customers and investors ,because these people would have to evaluate the effects of their money if they will pursue to invest in crypto now that the market is suffering falldown of value.

And that would just proves how not open-minded these "customers" are.

The price of Bitcoin is the same in the past, the only difference is that the price of it is far more different than the past's price. If the price dumps, the people exits, when price pumps, the people enters and why shouldn't they just stay inside so they will not be bandwagon in changes of the whole market. There might be a harmful effect, but always remember that if there is a harmful effect, there is a good effect.

deppil

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Quote from: coinluisa on December 08, 2018, 06:55:29 PM

Quote from: Kakmakr on December 05, 2018, 02:22:17 AM

Most people would agree that it would be more beneficial for the price of a stock/commodity/currency to slowly go up, rather than continuously going down.

Investors are looking at a potential investment, where they can be motivated to invest more money into that investment, because the profit is held in front of them, because the price is continuously going up. This is what happened prior to 2017 and that is why investors dumped large amounts of money into Bitcoin.

Now, with the price constantly going down, investors are sceptical to invest in Bitcoin and some short-term investors are pulling the plug.

Even if you are not interested in Bitcoin as an investor and you are just buying bitcoins to use as a currency, then a continuous downward movement in the price is more heart breaking, because you are getting less value for the bitcoins that you bought the day or the week before.

Even merchants hate a downward spiral of the price, because they will lose profit, if they are not using a payment processor to convert the coins to fiat currency.

On the way down a lot of people panic and they sell at a loss and these people will lose confidence in the currency/commodity and they will never invest in Bitcoin again.

We need a slow upward trend to get us back on track or this will go down in flames. Sad

I agree much better to move up slowly the price but sure price instead that the price moving up faster but it will drop again immediately like what happen last year to now. And I know it will be back on track again just wait and have a long patience.

but at this time the prices on the market have not increased slowly at all. precisely what happens the price decreases slowly? changes in bitcoin prices are difficult to predict. prices can go up quickly or rise slowly. but most importantly the price will definitely return to a positive track. just be patient

Escf4

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The harmful effect of the continuous downward movement of the bitcoin price in the market cap ,is the pissibility of losing customers and investors ,because these people would have to evaluate the effects of their money if they will pursue to invest in crypto now that the market is sufferring falldown of value.

coinluisa

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Quote from: Kakmakr on December 05, 2018, 02:22:17 AM

Most people would agree that it would be more beneficial for the price of a stock/commodity/currency to slowly go up, rather than continuously going down.

Investors are looking at a potential investment, where they can be motivated to invest more money into that investment, because the profit is held in front of them, because the price is continuously going up. This is what happened prior to 2017 and that is why investors dumped large amounts of money into Bitcoin.

Now, with the price constantly going down, investors are sceptical to invest in Bitcoin and some short-term investors are pulling the plug.

Even if you are not interested in Bitcoin as an investor and you are just buying bitcoins to use as a currency, then a continuous downward movement in the price is more heart breaking, because you are getting less value for the bitcoins that you bought the day or the week before.

Even merchants hate a downward spiral of the price, because they will lose profit, if they are not using a payment processor to convert the coins to fiat currency.

On the way down a lot of people panic and they sell at a loss and these people will lose confidence in the currency/commodity and they will never invest in Bitcoin again.

We need a slow upward trend to get us back on track or this will go down in flames. Sad

I agree much better to move up slowly the price but sure price instead that the price moving up faster but it will drop again immediately like what happen last year to now. And I know it will be back on track again just wait and have a long patience.

timerland

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You're right about bitcoin's volatility being an issue still. But I think it's only going to be a short term issue, as once more adoption in terms of real merchants accepting BTC as a currency as well as institutional investors heading into the market happens, prices will naturally stabilize in the short term.

I really do not think that this bear market will have any detrimental effects on bitcoin's development in the long term.

It's also next to impossible to moderate bitcion's growth, given that there is no central entity in charge of controlling the supply of BTC. However, in the long run, bitcoin will still be a store of value given its limited supply and decentralized nature, which makes it perfect as a safe haven asset, even if it doesn't succeed as a currency per se.

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