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Topic: The price of Bitcoin is going down because the price is going down, (Read 564 times)

legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Holy cow, the price is now surging past 3.7K!






"It's happening! It's happening! It's happening!"
hero member
Activity: 2058
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10
Holy cow, the price is now surging past 3.7K!
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
...
Bitcoin IS a currency of the internet.
For me it was like that since, idk 2 years(?). All I want to buy is already available to get with my coin so...
...
Is there any special reason that you spend your coins these days, when there's a possible entry point on the market? I'm just asking this, because everywhere I see to hodl, buy and wait for the price increase?
Just curious Smiley

Coins are spent cuz coins are spendable.

Q.E.D.
sr. member
Activity: 532
Merit: 250
Nothing goes up in life, dollar value, salary, income, food price, smart phone price, everything going down. The doomsday is near.
That's not totally accurate. Inflation keeps going up so that prices of goods are always increasing every year. And actually you mention dollar value but that has also increased over the past year as well.
because that bitcoin drops content that doesn't match bitcoin the number of hackers makes bitcoin and prices drop
hero member
Activity: 1638
Merit: 756
Bobby Fischer was right
...
Bitcoin IS a currency of the internet.
For me it was like that since, idk 2 years(?). All I want to buy is already available to get with my coin so...
...
Is there any special reason that you spend your coins these days, when there's a possible entry point on the market? I'm just asking this, because everywhere I see to hodl, buy and wait for the price increase?
Just curious Smiley
No, no special reasons behind it. Obviously it's not that I'm spending some everyday, just from time to time.
This month nothing as of yet for example.
hero member
Activity: 1442
Merit: 629
Vires in Numeris
...
Bitcoin IS a currency of the internet.
For me it was like that since, idk 2 years(?). All I want to buy is already available to get with my coin so...
...
Is there any special reason that you spend your coins these days, when there's a possible entry point on the market? I'm just asking this, because everywhere I see to hodl, buy and wait for the price increase?
Just curious Smiley
legendary
Activity: 4214
Merit: 4458
Water is wet because water is wet.

Grass is green because ... okay, why the fuck is grass green?

water is wet when its in liquid format. rather than solid(ice) or gas(steam) format

grass is green when it has plenty of sunlight and water. grass can be brown when it does not get satisfactory amounts of sunlight and water

saying the simple x is x because its x is simplifying things down to toddler explanation without actually explaining the how or why
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Water is wet because water is wet.

Grass is green because ... okay, why the fuck is grass green?
sr. member
Activity: 924
Merit: 275
It is a matter of fact that not all of times are good because there are really times that the market will experience bad situations. The price of the bitcoin is still down because it following its own life cycle. The bitcoin is now in saturation part and it will become introduction part again where we can see its recovery in the market.
full member
Activity: 459
Merit: 104
As the Dollar is the currency of the US, as the Euro is the currency of the EU, etc, the Bitcoin is the currency of the internet. This happened 6-8 years ago, when many people started to use the bitcoin to buy and sell goods (merchandise) from different countries. PayPal is better than bitcoin today, but paying with PayPal you pay in Euros and Dollars.
Bitcoin is used as an alternate currency, it is a currency of this entire world.
 
 The price of bitcoin is going down, but every good forecast tells that the price of bitcoin will start to go up in December this year (2019).              
sr. member
Activity: 496
Merit: 250
Ceck me in livestream twith
No more people investing in btc so is normal down a bit,But for sure up again in next month
full member
Activity: 630
Merit: 102
I read this topic and I have being pondering over it for a while. I have realize that this statement is true. The price of bitcoin is going down because the market is driven by demand . If the price is going down globally where will people have money to purchase bitcoin which will cause a high demand that will make the price to go high. Bitcoin will go up when price goes up.
full member
Activity: 198
Merit: 100
Water is wet because water is wet.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
Nothing goes up in life, dollar value, salary, income, food price, smart phone price, everything going down. The doomsday is near.
That's not totally accurate. Inflation keeps going up so that prices of goods are always increasing every year. And actually you mention dollar value but that has also increased over the past year as well.
What about bitcoin,the prices keep increasing every year right. Wink

Bitcoin can kill inflation that is why we need decentralization to be implemented everywhere but still people are concerning about the prices compared to USD.

Yup bitcoin keeps increasing every year, that is until 2017. Obviously last year and this year isn't living up to that trend. I think it's now time to look at the bigger picture and stop making expectations from a short term standpoint.
sr. member
Activity: 686
Merit: 264
"STAY IN THE DARK"
Nothing goes up in life, dollar value, salary, income, food price, smart phone price, everything going down. The doomsday is near.
That's not totally accurate. Inflation keeps going up so that prices of goods are always increasing every year. And actually you mention dollar value but that has also increased over the past year as well.
What about bitcoin,the prices keep increasing every year right. Wink

Bitcoin can kill inflation that is why we need decentralization to be implemented everywhere but still people are concerning about the prices compared to USD.
member
Activity: 454
Merit: 13
Nothing goes up in life, dollar value, salary, income, food price, smart phone price, everything going down. The doomsday is near.
That's not totally accurate. Inflation keeps going up so that prices of goods are always increasing every year. And actually you mention dollar value but that has also increased over the past year as well.
sr. member
Activity: 1610
Merit: 294
Vave.com - Crypto Casino
lol, what makes the price of bitcoin go down is traders who panic and don't control the panic because of bad news so the condition of the cryptocurrency price at the exchange place falls as it is today.
member
Activity: 476
Merit: 10
Student Coin
Everything was changing,i think the cause of dropping price of bitcoin is the community,they're probably a big cause of dropping the price of it,but the volume of it will be comeback and this is what i am asure,because also the holders of bitcoin they can control the price of it.
legendary
Activity: 3472
Merit: 10611
Difficulty is only relevant in regards to PoW security.
and also it relates to profitability. the higher the difficulty the harder it would be for a single miner with 1 ASIC to earn the same amount so less profit. depending on where they are located and how much electricity cost they have, they may give up soon or they may stay. those that give up sooner because of higher costs are the reason why difficulty drops.

Quote
as it is still unprofitable at the present time.
it is not a general thing. not everyone has the same costs. if you mine at the heart of New York City, if bitcoin price goes to $25000 you still may not make any profit but if you are in a place with cheap electricity then even if it drops to $1000 you are still making profit.

Quote
Also continued loss of miners only further centralizes bitcoin , which was already overly centralized before the price drop crisis.
it has nothing to do with that.
hero member
Activity: 1806
Merit: 671
Lets do some High School economics

you have not done much research.
have a nice month

seeing as your comparing bitcoin to paypal shows how little you know
then by you not understanding how mining farms function shows you dont understand their 'survival' methods
you really are stuck in 2 dimensional highschool level theories

it might be worth you researching more and theorising less
The problem when I see Khaos77's post is that he didn't factor in too much on why miners even though BTC prices are low are still running their operations. He forgot to mention anything about the level of difficulty Bitcoin mining has that adjust depending on how many miners are active mining Bitcoin. Before 2019 even started the level of difficulty of Bitcoin dropped significantly at the same time BTC prices are going down which means miners now have an easier time getting a block reward, which I think will compensate to the latest price drop we have.
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