Topic: What is causin Bitcoin loosing value this time? (Read 5187 times)
it is always over dumping of btc and the lack of buyers.
Last time when i saw bitcoin 380 it was related to china rumour banning bitcoin or something.
any similar this time?
I would say that the price decline (or lack of price appreciation) has something to do with how much "defcon" of SR2 was spending on his living expenses. He had sold in excess of $270,000 of bitcoin on exchanges, $25,000 on (what appears to be LBC) and purchased a $90,000 car with bitcoin, and this is all the government was sure of....it is very likely an incomplete list any similar this time?
there are still many people who sell massive bitcoin, bitcoin prices tumbling in the world market, according to the economic law of demand stuff if less then the price will go down or low, if the goods and demand a little bit more then the price of goods will go up or high
I hope we all hold to sell bitcoin today, we should first collect bitcoinnya and sell when the price goes up back ...
I hope we all hold to sell bitcoin today, we should first collect bitcoinnya and sell when the price goes up back ...
I agree with BCwinning with the point about bagholders.
Anyone with a noteworthy bag isnt leaving at a low, they wait for better opportunity. Someone who got their 50+ bitcoins when they were worth less than 10USD is not terribly concerned with dumping it (my situation, thus speaking from experience). They will wait because they didnt risk a huge investment in the beginning! It is more likely that the only bag holders dumping would be BTC miners, as they are more likely people who use it as supplemental income.
Anyone with a noteworthy bag isnt leaving at a low, they wait for better opportunity. Someone who got their 50+ bitcoins when they were worth less than 10USD is not terribly concerned with dumping it (my situation, thus speaking from experience). They will wait because they didnt risk a huge investment in the beginning! It is more likely that the only bag holders dumping would be BTC miners, as they are more likely people who use it as supplemental income.
Disagree.
Old timers who got at 10usd is most likely kicking themselves and sell most if not all to lock in the profit while they still can.
We all need to spend time promoting and using bitcoin instead of just holding and not using it waiting for the price to hit the moon! It won't happen if we all don't work together!!!
People creating 600 trillion new topics each time it crashes.
"Newbie members" creating 600 trillion new topics each time it crashes.
Fixed it for you
To answer the OPs question, the price is up over 300% from this time last year, how can you say it is losing value?
No other investment vehicle on earth returned 300%
What does a bank pay you? 5% or less?
In fact some banks now "charge you" to deposit money, in the form of negative interest.
https://www.cryptocoinsnews.com/german-bank-hits-rich-clients-negative-interest-rates/
Perhaps the OP should be less concerned with the price and spend more time promoting Bitcoin. Freedom is priceless!
Last time when i saw bitcoin 380 it was related to china rumour banning bitcoin or something.
any similar this time?
any similar this time?
Lack of interest. Pendulum is now swinging the other way.
Just keep buying and hodling. Eventually the value of bitcoin will tighten again.
We also have to use BTC.
Hodlers. No users.
Do you want to know what is causin bitcoin loosing value? Try to ask this at some early adopter, which has many bitcoin and in this day they solding a big part of their bitcoin, causing decreasing of bitcoin value.
Who cares? It's their money to do as they please.Plus I think it's really ignorant to even think that early adopters are dumping now.
If they held this long, I'm sure they still are holding. If they held out past the 1k+ wall, why in the hell
would they consider selling now? They know something the rest of us don't? I doubt it..
Bitcoin has no value except for the value we put into it. It isn't backed by anything.
No gold, no fiat, nothing zilch. It wouldn't even be this high in value if people didn't believe in it.
Faith is the only value it has. Just like we have faith our nations currency is going to be worth something tomorrow.
Because there isn't anything backing that up either besides the word of a government.
I agree with BCwinning with the point about bagholders.
Anyone with a noteworthy bag isnt leaving at a low, they wait for better opportunity. Someone who got their 50+ bitcoins when they were worth less than 10USD is not terribly concerned with dumping it (my situation, thus speaking from experience). They will wait because they didnt risk a huge investment in the beginning! It is more likely that the only bag holders dumping would be BTC miners, as they are more likely people who use it as supplemental income.
Anyone with a noteworthy bag isnt leaving at a low, they wait for better opportunity. Someone who got their 50+ bitcoins when they were worth less than 10USD is not terribly concerned with dumping it (my situation, thus speaking from experience). They will wait because they didnt risk a huge investment in the beginning! It is more likely that the only bag holders dumping would be BTC miners, as they are more likely people who use it as supplemental income.
Disagree.
Old timers who got at 10usd is most likely kicking themselves and sell most if not all to lock in the profit while they still can.
The electric already been paid.
Who cares, let it drop! More for me to buy & pump Trollcoin with on Bleu, hahaha!
Honestly though, could it have something to do with all the big boys pushing payment systems, ApplePay etc... & investors realizing Bitcoin might not be the big boy in Digital transactions of the future. The general public are still (& will be for years to come) slaves of banks, & taking a chance on decentralized currencies with your paycheck is still more of a risk than solution to nasty overdraft fees & govt bullshit.
Honestly though, could it have something to do with all the big boys pushing payment systems, ApplePay etc... & investors realizing Bitcoin might not be the big boy in Digital transactions of the future. The general public are still (& will be for years to come) slaves of banks, & taking a chance on decentralized currencies with your paycheck is still more of a risk than solution to nasty overdraft fees & govt bullshit.
I agree with BCwinning with the point about bagholders.
Anyone with a noteworthy bag isnt leaving at a low, they wait for better opportunity. Someone who got their 50+ bitcoins when they were worth less than 10USD is not terribly concerned with dumping it (my situation, thus speaking from experience). They will wait because they didnt risk a huge investment in the beginning! It is more likely that the only bag holders dumping would be BTC miners, as they are more likely people who use it as supplemental income.
Anyone with a noteworthy bag isnt leaving at a low, they wait for better opportunity. Someone who got their 50+ bitcoins when they were worth less than 10USD is not terribly concerned with dumping it (my situation, thus speaking from experience). They will wait because they didnt risk a huge investment in the beginning! It is more likely that the only bag holders dumping would be BTC miners, as they are more likely people who use it as supplemental income.
Disagree.
Old timers who got at 10usd is most likely kicking themselves and sell most if not all to lock in the profit while they still can.
I agree with BCwinning with the point about bagholders.
Anyone with a noteworthy bag isnt leaving at a low, they wait for better opportunity. Someone who got their 50+ bitcoins when they were worth less than 10USD is not terribly concerned with dumping it (my situation, thus speaking from experience). They will wait because they didnt risk a huge investment in the beginning! It is more likely that the only bag holders dumping would be BTC miners, as they are more likely people who use it as supplemental income.
Anyone with a noteworthy bag isnt leaving at a low, they wait for better opportunity. Someone who got their 50+ bitcoins when they were worth less than 10USD is not terribly concerned with dumping it (my situation, thus speaking from experience). They will wait because they didnt risk a huge investment in the beginning! It is more likely that the only bag holders dumping would be BTC miners, as they are more likely people who use it as supplemental income.
Do you want to know what is causin bitcoin loosing value? Try to ask this at some early adopter, which has many bitcoin and in this day they solding a big part of their bitcoin, causing decreasing of bitcoin value.
Who cares? It's their money to do as they please.Plus I think it's really ignorant to even think that early adopters are dumping now.
If they held this long, I'm sure they still are holding. If they held out past the 1k+ wall, why in the hell
would they consider selling now? They know something the rest of us don't? I doubt it..
Bitcoin has no value except for the value we put into it. It isn't backed by anything.
No gold, no fiat, nothing zilch. It wouldn't even be this high in value if people didn't believe in it.
Faith is the only value it has. Just like we have faith our nations currency is going to be worth something tomorrow.
Because there isn't anything backing that up either besides the word of a government.
too much sell and cause panic on bitcoin holder.
and less new people interested on bitcoin nowdays.
and less new people interested on bitcoin nowdays.
Do you want to know what is causin bitcoin loosing value? Try to ask this at some early adopter, which has many bitcoin and in this day they solding a big part of their bitcoin, causing decreasing of bitcoin value.
Merchants, they are selling bitcoin immediately.
I've studied Economics, supply chain, and money flow a lot. I've also put these principles into practice most of my life. If anyone who reads this cares about bitcoin prices going up at a faster and much more stable rate please let me explain how it needs to be done simply then with detail.
Simply put: product/manufacturer providers need to accept bitcoin
Why: Merchants Love Bitcoin already, Newegg is even putting a lot of its total purchases to encourage the bitcoin progress (incredible), but what do these merchants have to do? Sell the bitcoins. This means the end of the bitcoin money flow, this is bad since it increases bitcoin supply and reduces overall demand.
How to resolve it? Figure out why the merchants need to sell the bitcoins. Currently they have to in order to stay in business because their suppliers, paychecks to employees, powerbills, exc all want USD, focusing on merchants is great but unless we can make A full loop with money flow, Please keep that in mind FULL LOOP. Whenever the money has to be converted to USD the value is decreased, whenever a full loop can be made there is less selling of bitcoins and increase in bitcoin value.
So the first way to increase value: Full loop of purchases from employees getting paid bitcoin, purchasing from a merchant with bitcoin, the merchant getting supplies by paying with bitcoin (not USD), and the suppliers paying their expenses through BTC as much as possible.
Not an easy task, but with the number of merchants now accepting bitcoin, bitcoin has already come a long way.
There is at least one other aspect that increases the Bitcoin value: Investors
Let's see if it can bounce back a the same 300usd resistance level. If yes, the double bottom should mean a signal to buy
Bitcoin is is losing value because the value was inflated in the first place. Bitcoin pricing has been chaotic because unregulated, non-transparent exchanges control the price.
It's pretty transparent, check the blockchain.info.
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