What will become of Bitcoin if the price keeps falling?

myohmy81

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Quote from: Sophia Portera on August 30, 2018, 04:07:58 AM

What will become of Bitcoin if the price keeps falling?
Prices went down from the start of this year:

We are still doing good and the price has been stable at $6k to $6.5 range. I don't think that those whales will allow the price of bitcoin to keep falling. We need mass adoption of bitcoin to increase the demand and the trust level to the people around the world to invest in this technology.

Boybugwal760820

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Well in my very own opinion if bitcoins price will keep falling then I'm really sure that all the other crypto currencies market value will also follow to fall down the drain since all this crypto currencies market values really depends on the bitcoins market value and if this continues for so long I am afraid that bitcoin will lose many investors.

btc_angela

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Quote from: Cocesstraable on October 27, 2018, 05:23:13 AM

Quote from: Silberman on October 24, 2018, 12:53:09 PM

Quote from: zazarb on October 21, 2018, 09:14:01 AM

Nothing will happen to bitcoin, because Bitcoin has very strong support at 6000$ and it's very unlikely that the price could go beyond that limit. By the way even if price went a little bit lower than we expect, it will only attract more investors, what would be good.

It seems people have the wrong notion that the price can keep decreasing and could reach zero but we know that is not going to happen, as soon as the price goes lower than 6000 people see this as an opportunity to get bitcoin, that is why the price does not last long at those levels because people take those low prices as buy signals and the price recovers because of it.

Bitcoin has a very strong position in the market, in fact the bitcoin users are increasing from time to time, people interest in bitcoin is continuously increasing and therefore we can hope that bitcoin value will also continue increasing from time to time, I hope very soon we will see bitcoin price crossing 100k.

Well the keyword here is "hope". For me its going to be based on the simply law of supply and demand. If people see's bitcoin as no longer profitable then the price goes go South. But if majority thinks that it is a viable investments or store of value then expect bitcoin to grow more in the future.

Silberman

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Quote from: rhodelmabanal on October 24, 2018, 05:50:32 PM

Quote from: Silberman on October 24, 2018, 12:53:09 PM

Quote from: zazarb on October 21, 2018, 09:14:01 AM

Nothing will happen to bitcoin, because Bitcoin has very strong support at 6000$ and it's very unlikely that the price could go beyond that limit. By the way even if price went a little bit lower than we expect, it will only attract more investors, what would be good.

It seems people have the wrong notion that the price can keep decreasing and could reach zero but we know that is not going to happen, as soon as the price goes lower than 6000 people see this as an opportunity to get bitcoin, that is why the price does not last long at those levels because people take those low prices as buy signals and the price recovers because of it.

To give a visionary here, bitcoin's drastic fall can be an opportunity for everyone who wanted to purchase at smaller value for bitcoin. If this continues to fall from every moment of time I guess there's a huge problem, then possibly it will cause panic to some of the new traders. I don't know with old traders, but what I am concerned with no is for those newbies.

If the price kept falling then we will have many people getting panicked because of it, but those that are smart and see the long term potential of bitcoin will see nothing but an opportunity to make so much money that it is likely they will invest all their money in the market knowing full well that the price will likely recover in the next years and they only need to do one thing and that is to hold their coins.

Cocesstraable

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Quote from: Silberman on October 24, 2018, 12:53:09 PM

Quote from: zazarb on October 21, 2018, 09:14:01 AM

Nothing will happen to bitcoin, because Bitcoin has very strong support at 6000$ and it's very unlikely that the price could go beyond that limit. By the way even if price went a little bit lower than we expect, it will only attract more investors, what would be good.

It seems people have the wrong notion that the price can keep decreasing and could reach zero but we know that is not going to happen, as soon as the price goes lower than 6000 people see this as an opportunity to get bitcoin, that is why the price does not last long at those levels because people take those low prices as buy signals and the price recovers because of it.

Bitcoin has a very strong position in the market, in fact the bitcoin users are increasing from time to time, people interest in bitcoin is continuously increasing and therefore we can hope that bitcoin value will also continue increasing from time to time, I hope very soon we will see bitcoin price crossing 100k.

Bonsaiav

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In the past two months, the price of bitcoin too long is stagnant below $ 7.000/btc. If bitcoin prices continue to fall, I think this can make some investors leave bitcoin. Usually this kind of movement pattern is considered as a sign that there will be prolonged bearishness in the next movement. But even so, we do not break up hoping to foster a spirit in us, that the price of bitcoin at any time can slide to a better position.

okala

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Quote from: Sophia Portera on August 30, 2018, 04:07:58 AM

What will become of Bitcoin if the price keeps falling?
Prices went down from the start of this year: https://www.coinranker.net/cryptocurrency/bitcoin

The price cannot keep falling because this market was not built to behave that ways. The will be time for collection and distribution. The time we are now is collection and very soon we would see bitcoin recovering and start redistribution again. I believe that we just need to keep faith with the market in other to be able to benefit from the market.

Christopher_Hayes

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I don't think bitcoin price keeps falling. If any, the price remains stable. It's in the same price range for the last couple of weeks/months. Besides, even if the price falls people will still continue to use bitcoins, so don't worry.

Auponef

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Quote from: Rembedful on October 06, 2018, 04:30:33 AM

Quote from: taliwang on October 02, 2018, 12:30:59 AM

maybe what will happen if the bitcoin price keeps falling is bitcoin will not have any more enthusiasts and it is possible that the price of bitcoin can return to the price as it was in 2013 and the price is very cheap and certainly will make many people lose.

Different people think differently. Some say that it will disappear from the market and some argue that it will be the mainstream in the future no matter what will be the price. When all the people in the world start using their bitcoin they will not compare it with dollar or their local currency. Bitcoin will also be assumed like our regular local currency.

The cheap bitcoin price will attract more investors and the price will rise eventually. So just be patient.

Baronggot

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How come it will continue to keep falling if others are also waiting for a dip? Every time there is a dip, i noticed that its market value will rise again and that's because more investors prefer to buy bitcion at its low for them to get a good slice of bitcoin.

rhodelmabanal

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Quote from: Silberman on October 24, 2018, 12:53:09 PM

Quote from: zazarb on October 21, 2018, 09:14:01 AM

Nothing will happen to bitcoin, because Bitcoin has very strong support at 6000$ and it's very unlikely that the price could go beyond that limit. By the way even if price went a little bit lower than we expect, it will only attract more investors, what would be good.

It seems people have the wrong notion that the price can keep decreasing and could reach zero but we know that is not going to happen, as soon as the price goes lower than 6000 people see this as an opportunity to get bitcoin, that is why the price does not last long at those levels because people take those low prices as buy signals and the price recovers because of it.

To give a visionary here, bitcoin's drastic fall can be an opportunity for everyone who wanted to purchase at smaller value for bitcoin. If this continues to fall from every moment of time I guess there's a huge problem, then possibly it will cause panic to some of the new traders. I don't know with old traders, but what I am concerned with no is for those newbies.

Silberman

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Quote from: zazarb on October 21, 2018, 09:14:01 AM

Nothing will happen to bitcoin, because Bitcoin has very strong support at 6000$ and it's very unlikely that the price could go beyond that limit. By the way even if price went a little bit lower than we expect, it will only attract more investors, what would be good.

It seems people have the wrong notion that the price can keep decreasing and could reach zero but we know that is not going to happen, as soon as the price goes lower than 6000 people see this as an opportunity to get bitcoin, that is why the price does not last long at those levels because people take those low prices as buy signals and the price recovers because of it.

bitbunnny

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It looks like people too often forget that Bitcoin had much lower price than it's now and that volatility is two ways process.
Bitcoin will not suffer much from further price fall and actualy I don't expect some biger price dip. Some users and investors vwill leave, that is true, but many will stay and also some new will come. Don't forget that Bitcoin is best on long term basis so be patient.

bitcoinMyLife

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Quote from: mornabo on October 16, 2018, 08:15:11 PM

Quote from: ?? on ??

If bitcoin's market price keeps on falling each day, then there will be a massive fall down of alternate cryptos too. More and more hodlers may be weaken and finally give up and sell their bitcoin too. Unless a huge number of investors will start investing at a lower price then the fluctuation will continue.

The price is not falling actually but there is stability between 6k and 7k US dollar and this is fluctuating in between from a long time. we can go out of such situations only if we start learning to hold all our coins with patience and to stay in the market till the price starts to increase. Furthermore, the current price availability is more than anything if you have such an affordable market right now then what else you need.

Yeah right now the price isn't falling and it's still stable above the $6k price, but if that happens of course it's caused by mass panic in a row and doesn't stop, the way out of course is from what you say, we must start learning to be patient and hold it, because with that we can get out of that situation

In this day many people assume cryptocurrency a Ponzi scheme and some say it is a bubble and will burst in the air after some time. I think that if the price drop more it will lose its popularity and authentication in the market and people will withdraw the rest of their money and will invest somewhere else. Altcoin price will also drop if the price of bitcoin drops.

zazarb

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Nothing will happen to bitcoin, because Bitcoin has very strong support at 6000$ and it's very unlikely that the price could go beyond that limit. By the way even if price went a little bit lower than we expect, it will only attract more investors, what would be good.

alentmay

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Quote from: Lazada on October 16, 2018, 06:09:49 PM

Quote from: Sophia Portera on August 30, 2018, 04:07:58 AM

What will become of Bitcoin if the price keeps falling?
Prices went down from the start of this year: https://www.coinranker.net/cryptocurrency/bitcoin
https://imgur.com/a/m9K5lgJ

If the price of Bitcoin decreases, the level of confidence in crypto also clearly decreases. This is an indicator of how the decline caused a decrease in the level of trust. As what we do is that when we trust a coin the price will increase. So what we have to do is continue to increase transactions using Bitcoin and it will definitely increase the price of Bitcoin.

The decline in Bitcoin prices will always occur and all we can do is try to reduce the impact and try to maintain the stability of Bitcoin prices.

I think that bitcoin will disappear from the market because there would be no more mining and no more supply in the market. I will never invest in bitcoin if the price drops continuously. I want the price to go up because many investors are already in loss and if the price drops more they will be completely ruined. This is the time for rising instead of falling. We should hope for a better future.

mornabo

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Quote from: ?? on ??

If bitcoin's market price keeps on falling each day, then there will be a massive fall down of alternate cryptos too. More and more hodlers may be weaken and finally give up and sell their bitcoin too. Unless a huge number of investors will start investing at a lower price then the fluctuation will continue.

The price is not falling actually but there is stability between 6k and 7k US dollar and this is fluctuating in between from a long time. we can go out of such situations only if we start learning to hold all our coins with patience and to stay in the market till the price starts to increase. Furthermore, the current price availability is more than anything if you have such an affordable market right now then what else you need.

Yeah right now the price isn't falling and it's still stable above the $6k price, but if that happens of course it's caused by mass panic in a row and doesn't stop, the way out of course is from what you say, we must start learning to be patient and hold it, because with that we can get out of that situation

Lazada

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Quote from: Sophia Portera on August 30, 2018, 04:07:58 AM

What will become of Bitcoin if the price keeps falling?
Prices went down from the start of this year: https://www.coinranker.net/cryptocurrency/bitcoin

If the price of Bitcoin decreases, the level of confidence in crypto also clearly decreases. This is an indicator of how the decline caused a decrease in the level of trust. As what we do is that when we trust a coin the price will increase. So what we have to do is continue to increase transactions using Bitcoin and it will definitely increase the price of Bitcoin.

The decline in Bitcoin prices will always occur and all we can do is try to reduce the impact and try to maintain the stability of Bitcoin prices.

Silberman

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Quote from: Sophia Portera on August 30, 2018, 04:07:58 AM

What will become of Bitcoin if the price keeps falling?
Prices went down from the start of this year: https://www.coinranker.net/cryptocurrency/bitcoin

It doesn't seem likely to me that the price is going to keep decreasing in the next months, I know that is a possibility but the chances of that are very low, what you need to concentrate is in what you are going to do when the price starts to recover, people get surprised when they see a recovery in the price of bitcoin but it is going to happen and you need to be prepared to take advantage of it when that happens.

pocketfullofpoke

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It will not continuously keeps falling because i know that there are so many investors who are just observing bitcoin's movement that whenever they'll see bitcoin's price to fall down, they never waste a time buying the dips so there is really a possibility that bitcoin will rise up.

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