Topic: The real reason BTC price has dropped - page 2. (Read 711 times)
just the bubble popped. The worst was passed, now its time to go up.
Bitcoin supplier: "I'll trade you a bunch of 0s and 1s for $15,000"
Bitcoin sucker: "Ok, sounds like a great deal to me"
Next Bitcoin sucker: "I want to buy some 0s and 1s also but only for $13,000"
Bitcoin supplier: "Sure thing, how many do you want?"
Next Bitcoin sucker: "How about selling me 3 for $10,000 a piece?"
Bitcoin supplier: "Yep, pay in cash, please."
Bitcoin supplier: "I'm running a real deal special. I'm selling 0s and 1s for $7500 each"
Bitcoin suckers: "I'll take some", "Me too", "save some for me", "I'll buy 1/2 your stash for $5000"
Bitcoin supplier: "Sunday's Special 0s and 1s on Sale for $3200"
Bitcoin suckers all together: "We have already bought a lot at higher prices. We are only losing each time you sell cheaper. What should we do?"
Bitcoin supplier: "Hodl and buy more"
Bitcoin sucker: "Ok, sounds like a great deal to me"
Next Bitcoin sucker: "I want to buy some 0s and 1s also but only for $13,000"
Bitcoin supplier: "Sure thing, how many do you want?"
Next Bitcoin sucker: "How about selling me 3 for $10,000 a piece?"
Bitcoin supplier: "Yep, pay in cash, please."
Bitcoin supplier: "I'm running a real deal special. I'm selling 0s and 1s for $7500 each"
Bitcoin suckers: "I'll take some", "Me too", "save some for me", "I'll buy 1/2 your stash for $5000"
Bitcoin supplier: "Sunday's Special 0s and 1s on Sale for $3200"
Bitcoin suckers all together: "We have already bought a lot at higher prices. We are only losing each time you sell cheaper. What should we do?"
Bitcoin supplier: "Hodl and buy more"
Your story is similar to my friend's story, when last month my friend invited me to sell all bitcoin, because my friend was scared and anxious, seeing that prices were no longer as beautiful as last year, but I didn't follow them, I continued to make purchases, I continued gather, and my friend saw me collecting a lot of my coins in investment, and finally my friend also followed in my footsteps and kept collecting some favorite coins, and my friend was also sure that the bitcoin would rise high, but we continued to wait until the price rose to the highest .
If anyone is truly bewildered by the massive drop in Cryptocurrencies over the last year then they clearly can't be familiar with trading in general. Anything in any market (stocks etc), that soars up in price in the fashion that these cryptocurrencies did, eventually need to face a correction (in this case 80%+). It is healthy for the market actually, it could never withstand the pace that it was going at.
I agree but majority didn't see it that way. They though that the price will still go on parabolic rise even though all signs points that we have bubbled already. Lots of irrational investors, mostly newbies got burned easily and I think most of them go bankrupt and went out last May-June time frame. And by the way, I don't think supplier will be the appropriate term here, though.
The pump of 2017 was definitely a bubble. All the big investors and whales took out the profits and left the small investors to the massacre .
It has blew the minds of many as the blood bath is still continuing. I have myself lost a majority of my savings due to lack of ignorance.
I wish I had recognized it earlier that the bubble will burst so quick, I would have cashed out few of my savings. I know many others are in the same situation as me.
It has blew the minds of many as the blood bath is still continuing. I have myself lost a majority of my savings due to lack of ignorance.
I wish I had recognized it earlier that the bubble will burst so quick, I would have cashed out few of my savings. I know many others are in the same situation as me.
interesting conversation, I agree with the advice and answers of BTC suppliers, especially for current market conditions, hold or buy more is a very good choice.
selling only harms yourself and others. selling is a bad decision.
selling only harms yourself and others. selling is a bad decision.
I think there is no one but many because today many things are happening against bitcoins progress like restrictions or regulations by governments, bad news from popular media sources, huge amount bitcoin pumping to the market due to other altcoin ico projects because many of the holders are investing using bitcoin and for reasons bitcoin price is dropping rapidly than we anticipated but these things can be changed in the future because we cannot think that the above things will keep happening forever
Indeed there are many factors and sometimes the game between suppliers and exploiters, this is indeed to undermine the price of bitcoin. This method may be one of them, trading without thinking of effects and only for its own sake.
Not everyone can buy coins correctly and sell them correctly. Therefore, many complain that they are losing money and can not earn anything. It is necessary to study the market more carefully and be more attentive.
Last sentence was very funny: hodl and buy more.
Btw everyone wants to sell in high price but sometimes someone is in a hurry and they want to sell immediately. Usually they do it when they have bought in cheap price, for them some $ difference doesn't matter a lot. Also when some bad announcement happens, people are in a hurry and lower price. Once coinmarketcup removed some exchangers and this resulted in a wrong price. There are so many reasons, btw your dialogue is a little bit hilarious but good.
Btw everyone wants to sell in high price but sometimes someone is in a hurry and they want to sell immediately. Usually they do it when they have bought in cheap price, for them some $ difference doesn't matter a lot. Also when some bad announcement happens, people are in a hurry and lower price. Once coinmarketcup removed some exchangers and this resulted in a wrong price. There are so many reasons, btw your dialogue is a little bit hilarious but good.
I think that there are many reasons but the main one is that governments don't accept it and people are afraid of facing risks as well. However, I think that it is more than one factor
It may one of the factors why the price of bitcoin has dropped but in fact some governments already accept and allow the use cryptocurrencies especially bitcoin. There are many factors why the price dropped but I hope this coming 2019 those factor will not affect the price of bitcoin. 
I think that there are many reasons but the main one is that governments don't accept it and people are afraid of facing risks as well. However, I think that it is more than one factor
This doesn't have anything to do with the price. There are government agencies that does not accept bitcoin but in the end, bitcon went to skyrocket last year to nearly $20,000. I think this speculation is good about what is happening in the price.
I think there was 2 important facts for this crash:
1.- The BCH fork. Thos whales making what they want with coins and markets bring a big breaking off on the bitcoin ecosystem.
2.- Before the crash we see on the blockchain how 200,000 btc get moved in a couple of transaction, some people say that was miners getting out from the business but no one knows yet. It was $1,000 millions less on the market.
1.- The BCH fork. Thos whales making what they want with coins and markets bring a big breaking off on the bitcoin ecosystem.
2.- Before the crash we see on the blockchain how 200,000 btc get moved in a couple of transaction, some people say that was miners getting out from the business but no one knows yet. It was $1,000 millions less on the market.
Dumping is one of the reasons for the dropped in the price of bitcoin but the truth still remains that exchanging bitcoin for cash is just one of the reasons there are still many other reasons also such as the constant attack on bitcoin by government and the activities of scam project which always give the entire network a bad name there by scaring potential investors away.
For this market conditions, we are responsible. We are selling with law price and not holding bitcoin. As a result price is dropping day by day. Besides many fake news are affecting on the price of bitcoin directly or indirectly.
But in a real world scenario that is not how things happen. There are things more behind than someone selling Bitcoin at even a cheaper price, the supplier is not always the one who is asking for lower prices everytime they sale as they are personally devaluing their own asset without any special reason. Factors such as news, FUD, mining difficulty, and others are always taking in place when someone is selling as they are putting it up for their decisions. In other words your scenario is not as simple as what you think it is.
Yes, I know and this is the sad truth we need to face right now as nothing can be done to improve that situation, not now at least.
I think that there are many reasons but the main one is that governments don't accept it and people are afraid of facing risks as well. However, I think that it is more than one factor
Yes there are many other factors because if one wants to escape from govt he has many ways. So there are different reasons mainly the manipulations by big players/whales who are accumulating this dips which panic sellers are selling.
Is this a trap? or is it really the way to trade bitcoin. When suppliers want to spread bitcoin viruses and suckers they want to buy cheaply. then who is called a whale? is this a skit. lol
lack of socialization and many rejections in bitcoin in some countries that disagree with bitcoin affect bitcoin in my opinion so strong reason 
We are lucky to have a CRYPTOCURRENCY AND BITCOIN ADVOCACY now in the USA govenrment.
Will this help the BTC to push in the market and mass adoption from many government and countries?
We should wait for the 2019 to see the result. market is good now by the way.
Will this help the BTC to push in the market and mass adoption from many government and countries?
We should wait for the 2019 to see the result. market is good now by the way.
I think that there are many reasons but the main one is that governments don't accept it and people are afraid of facing risks as well. However, I think that it is more than one factor
there are many factors that cause bitcoin to fall, one of which is the lack of bitcoin agreement among the community and government politics and the lack of initiative to maintain the current price of the bitcoin market Jump to: