Topic: The harmful affect of a continuous downward movement of the Bitcoin price. - page 6. (Read 822 times)
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.
December 06, 2018, 08:47:01 AM
That's what happens when you enter a very emotional free market. Everyone would be on the buy mode on one minute and the next hour, everybody has the tendency to dump on you if something on the news pop out, or if there had been someone taking a small dump and needs cash. This is hurting the short-term investors, sure, but the long-term dudes alongside services that are really sincere in the cause would never leave, and we could see that happening now. Price-wise, we might be on the downtrend, but fundamentals sure are catching up.
December 06, 2018, 08:04:54 AM
All we need to do are spread positive here like start here in forum then refer some people like friends,relatives and your family like tell them how conveniece to use cryptocurrency then for me even we experience a lot of drops that's only the cycle here like this is why it run so it really happen so no need to think negative then remember always that you need to go away in the not constructive about crypto
December 06, 2018, 08:37:07 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.
Investors
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.
Yes, downward trend is not very liked by merchants or investors alike but most of them are used to it as it is something that happens in every market regardless of what it is. Oil/Forex can plummet with just one tweet by president trump so its not very reliable either but that doesn't stop people from investing and I don't see how downward trend is bad news for those who make money on shorting or those who were waiting for price to go this low before investing. I don't see people using bitcoin to make payments in short term but once you realize that your younger generation is getting more interested in things like crypto and bitcoin, you would realize that by next generation you would have more people using bitcoin as payment than ever before. Current issue we have is that older people are more attached to fiat as payment method since that's what they have been using since they were child but that is slowly changing and new kids are more tech savvy and familiar with bitcoin and related cryptocurrencies.
December 06, 2018, 06:24:09 AM
This is really sad to see bitcoin at the dump price and it keeps on going down like there's no support level, but its hard to stop it because we have no power to do that and most of the short term investors are panicking, they don't want to enter in the market right now. To dump is a normal thing in any market, manipulators is normal too but hopefully they will stop from doing that now or else no more investors will trust this market because of too much volatility.
We need a slow upward trend to get us back on track or this will go down in flames.
Let's start from spreading the good news about cryptomarket now, and slowly this market will go back on its track and continue to give a brighter future for us. This is not the end yet. The harmful effect of crypto market down turn can be identified as Anger after losing investment, Depression etc.etc. These are manifested as reaction to the down turn of the market or huge drops on price value of such coin. but one should handle these caustiously. investment came with the degree of risk...the market volatility affects the consumets behavior.. it also the consumers trust and confidence on crypto investment that would influnce the volatility of the market.
December 06, 2018, 05:43:26 AM
This is really sad to see bitcoin at the dump price and it keeps on going down like there's no support level, but its hard to stop it because we have no power to do that and most of the short term investors are panicking, they don't want to enter in the market right now. To dump is a normal thing in any market, manipulators is normal too but hopefully they will stop from doing that now or else no more investors will trust this market because of too much volatility.
We need a slow upward trend to get us back on track or this will go down in flames.
Let's start from spreading the good news about cryptomarket now, and slowly this market will go back on its track and continue to give a brighter future for us. This is not the end yet. December 06, 2018, 05:02:56 AM
I agree, but its hard to convince investors, the constant dropping value make the investors hesitate about the possibility the price will go up in the future, and the investors now is afraid of the whales manipulation, there are numerous of investors already giving up investing in crypto, the bear market in this year is quite severe, we need something to trigger the bull run to make investors back to invest
December 06, 2018, 04:03:20 AM
Price go up and down, and I have not seen any market that do not undergo a complete market cycle, it is just that in the life of Cryptocurrencies this cycle seems to be short and fast as compared to traditional market because it is much more bigger than Crypto. I personally don't have any fear, the only concern I have is not having much more money to buy more BTC, there would be a time that to hold one BTC will be a huge success for the holder
December 06, 2018, 02:37:47 AM
The biggest one is the number of people who are interested in bitcoin. There are people who are interested in bitcoin at one point or another who leave after they see that bitcoin is only dropping in price. Anyone who got interested in 2018 has already left, that's just one year that people got interested and left at the same time.
We need people to see this as a long shot and a long term benefit to society and not just some 6 month investment experiment. Without that long term look for us, we are not going to reach anywhere with this. Hence the downward movement is hurting bitcoin not only in price but also for the future, if 2019 happens to be a better year we will see some interest once again but people will always remember 2018 and be cautious about bitcoin and its price.
We need people to see this as a long shot and a long term benefit to society and not just some 6 month investment experiment. Without that long term look for us, we are not going to reach anywhere with this. Hence the downward movement is hurting bitcoin not only in price but also for the future, if 2019 happens to be a better year we will see some interest once again but people will always remember 2018 and be cautious about bitcoin and its price.
December 06, 2018, 01:25:54 AM
Bitcoin has become a digital alternative to gold, and as such has become a store of wealth, and therefore is subject to manipulation by our banking masters. It goes through periodic price drops as they increase their investments, and they place coins in long term holdings to ensure that Bitcoin can never become an alternative to their payment system. At some stage the price will stabilise, but for that to happen, we need to be able to get some reporting about genuine OTC transactions, and split out those designed to manipulate the market.
why would OTC data transparency cause the price to stabilize? i figure if we're on the mass adoption trajectory, price won't stabilize until after the market penetrates mainstream investors and institutions---banks, retail and pension investment, governments and central banks. before then, it's like an arms race as everyone tries to fill their coffers.
You have it the wrong way around, because once large institutional capital starts to flow into Bitcoin, problems will increase. The institutional investors needs to protect the pension funds, so they will extract large amounts of money from Bitcoin at the slightest sign of trouble.
This will trigger mass panic in other investors, because the dump will be huge and you will see more volatility on a larger scale. Institutional capital can be the last straw that broke the camel's back.
December 05, 2018, 08:46:36 PM
Bitcoin has become a digital alternative to gold, and as such has become a store of wealth, and therefore is subject to manipulation by our banking masters. It goes through periodic price drops as they increase their investments, and they place coins in long term holdings to ensure that Bitcoin can never become an alternative to their payment system. At some stage the price will stabilise, but for that to happen, we need to be able to get some reporting about genuine OTC transactions, and split out those designed to manipulate the market.
why would OTC data transparency cause the price to stabilize? i figure if we're on the mass adoption trajectory, price won't stabilize until after the market penetrates mainstream investors and institutions---banks, retail and pension investment, governments and central banks. before then, it's like an arms race as everyone tries to fill their coffers.
December 05, 2018, 08:05:32 AM
Now, with the price constantly going down, investors are sceptical to invest in Bitcoin and some short-term investors are pulling the plug.
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.
A lot depends on how we treat bitcoin. You are talking both about investors and merchants, but I believe they are actually interested in a bit different things. If we are talking about bitcoin as some valuable asset, we are surely interested in an increasing price, so that we can profit from it eventually. However, if we are talking about money, it is actually generally believed that low-rate stable inflation is positive. Now, bitcoin is naturally not apt for inflation, because we cannot control the supply of the coins. However, in essence, inflation means devaluation of the coin. It has to become cheaper, so that people are interested in buying things today instead of waiting to do that tomorrow. 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.
Deflation is believed to be negative, but it is still a matter of disputes.
What we need is more or less stable prices, so that at least people don't lose money because of huge volatility.
December 05, 2018, 07:13:57 AM
You need to rise above the idea that Bitcoin will ever become a payment service for everyday purchases - the limits imposed when it was created ensure that this will never happen.
The only certainty is that Bitcoin will increase in value over the next 5 years, but it will be a rocky and exciting ride.
December 05, 2018, 06:02:34 AM
we need to be able to get some reporting about genuine OTC transactions, and split out those designed to manipulate the market.
How can you identify that an OTC transaction has this purpose? It's very hard to prove someone is acting to manipulate the price instead of just acting irrationally.
You need to rise above the idea that Bitcoin will ever become a payment service for everyday purchases - the limits imposed when it was created ensure that this will never happen. There will be "side-chains" of course that will provide support for small retail sales, and lightning is the obvious example. Another one is the probable introduction of Bitcoin account cards by Starbucks and other retail chains.
In our lifetimes bitcoin won't be able to break free from fiat and therefore the only way it will be accepted is as you spoke of, small transactions with near instant conversion to fiat.
The only certainty is that Bitcoin will increase in value over the next 5 years, but it will be a rocky and exciting ride. Actually nothing is certain, but my estimate would give it a 95% chance.
There's an oxymoron in there somewhere I just can't find it, I guess I'm certainly unsure.
December 05, 2018, 04:30:21 AM
Bitcoin has become a digital alternative to gold, and as such has become a store of wealth, and therefore is subject to manipulation by our banking masters. It goes through periodic price drops as they increase their investments, and they place coins in long term holdings to ensure that Bitcoin can never become an alternative to their payment system. At some stage the price will stabilise, but for that to happen, we need to be able to get some reporting about genuine OTC transactions, and split out those designed to manipulate the market.
You need to rise above the idea that Bitcoin will ever become a payment service for everyday purchases - the limits imposed when it was created ensure that this will never happen. There will be "side-chains" of course that will provide support for small retail sales, and lightning is the obvious example. Another one is the probable introduction of Bitcoin account cards by Starbucks and other retail chains.
The only certainty is that Bitcoin will increase in value over the next 5 years, but it will be a rocky and exciting ride. Actually nothing is certain, but my estimate would give it a 95% chance.
You need to rise above the idea that Bitcoin will ever become a payment service for everyday purchases - the limits imposed when it was created ensure that this will never happen. There will be "side-chains" of course that will provide support for small retail sales, and lightning is the obvious example. Another one is the probable introduction of Bitcoin account cards by Starbucks and other retail chains.
The only certainty is that Bitcoin will increase in value over the next 5 years, but it will be a rocky and exciting ride. Actually nothing is certain, but my estimate would give it a 95% chance.
December 05, 2018, 04:24:15 AM
We need a slow upward trend to get us back on track or this will go down in flames.
it's a nascent technology with pretty illiquid and emotional markets. this is all part of the market cycle.
we've had multiple bubbles, and every time there's a brutal bear market afterwards. this one isn't even the worst one yet; 2011 and 2014 were both worse in terms of total decline. chin up.
December 05, 2018, 04:15:20 AM
I think its not ideal to use bitcoin as currency these days, merchants should start treating it as a commodity rather than a currency or they could use stablecoin instead. These downward trend is unhealthy for merchants accepting crypto because they can’t make any profit from this season unless they tend to invest their holdings.
December 05, 2018, 03:46:08 AM
You are right,but bitcoin isn't a stock or real estate.It's totally different.It's manipulated by a bunch of whales that make profits even when the prices are doing down,so they could later buy cheap bitcoins and wait for the next big bull run.The crypto bubble will be constantly going up and down and the whales(and probably some smaller traders) will keep getting profits out of it.
Well, I hope the whales are listening then, because they need to manipulate the price in a more beneficial way or their investment strategy will fall apart very quickly. Bitcoin cannot sustain a trend with prices dropping continuously to these levels, because it even harms the miners that must mine at profitable levels.
The ripple in the Bitcoin pond, just grows bigger as the price goes lower and in the end manipulation like this will destroy the coin. Some people are already saying that the Bitcoin Futures are the tool that are being used to destroy the Bitcoin price.
Killing the cow, will stop the production of the milk.
December 05, 2018, 03:16:58 AM
You are right,but bitcoin isn't a stock or real estate.It's totally different.It's manipulated by a bunch of whales that make profits even when the prices are doing down,so they could later buy cheap bitcoins and wait for the next big bull run.The crypto bubble will be constantly going up and down and the whales(and probably some smaller traders) will keep getting profits out of it.
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.
Investors
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.
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