If you observe things will you'll see that Bitcoin price is not falling continues, there are time wherein the price pump also, but some of us miss that timing because we are on work or doing important things...
Bitcoin doesn't drop the price since a lot of traders and investor are there...
Topic: What will become of Bitcoin if the price keeps falling? - page 8. (Read 2498 times)
I think that price of bitcoin had experienced a huge dip but I would say it is not falling behind. The only thing I had observed is that the down trend took longer time to revert back to the up trend mode. However, this fluctuations are just normal in the crypto market and for this year, the percentage of the down trend market had been higher than the up trend market. Moreover, bitcoin is now in the process of stabilization to gain more momentum for the next possible bullish run.
I don't think bitcoin prices will continue to fall, because if the bitcoin price is low then investors will buy Bitcoin so the price will rise again, but if the price of Bitcoin continues to fall, maybe bitcoin will be abandoned by fans. but I don't believe that will happen, Bitcoin will rise soon.
The fall of price is a normal thing and it can not make any harm to bitcoin because the market of it is not stable and every one know it very well.
IMO people do care way too much about the short term price.
If you are using bitcoin as a speculative investment or tools for trading, you might care about the price.. but that's not the intention of bitcoin.
If you are holding bitcoin because of the value you think it has, and if nothing fundamental changes.. what is then the reason to panic because of a decline in price ?
In the long term bitcoin will establish as a means of payment. Especially with all changes happening (schnorr, LN, .. ).
A decline in price would be just short term. The long term outlook is still very positive.
Bitcoin first intention was not to make money trading it but to change the whole spectrum of money as we know it. The fact that it did rise so much in value is additional. If you are using bitcoin as a speculative investment or tools for trading, you might care about the price.. but that's not the intention of bitcoin.
If you are holding bitcoin because of the value you think it has, and if nothing fundamental changes.. what is then the reason to panic because of a decline in price ?
In the long term bitcoin will establish as a means of payment. Especially with all changes happening (schnorr, LN, .. ).
A decline in price would be just short term. The long term outlook is still very positive.
You don't have to worry about the price of Bitcoin, because it has a bottom, its mining price is the bottom of it, you should worry about the altcoin, because most of the valueless altcoin will return to zero as the market declines!
Bitcoin will still remain Bitcoin, doesn't matter if it will cost 1$ or 10.000$. The same coin, the same blockchain, the same privacy, the same decentralisation.
The lower the price the better it will actually be, because it will enable more and more people to be able to afford bitcoin and as well increase adoption into mainstream.
IMO people do care way too much about the short term price.
If you are using bitcoin as a speculative investment or tools for trading, you might care about the price.. but that's not the intention of bitcoin.
If you are holding bitcoin because of the value you think it has, and if nothing fundamental changes.. what is then the reason to panic because of a decline in price ?
In the long term bitcoin will establish as a means of payment. Especially with all changes happening (schnorr, LN, .. ).
A decline in price would be just short term. The long term outlook is still very positive.
If you are using bitcoin as a speculative investment or tools for trading, you might care about the price.. but that's not the intention of bitcoin.
If you are holding bitcoin because of the value you think it has, and if nothing fundamental changes.. what is then the reason to panic because of a decline in price ?
In the long term bitcoin will establish as a means of payment. Especially with all changes happening (schnorr, LN, .. ).
A decline in price would be just short term. The long term outlook is still very positive.
The price is not falling. Look back last 3 months, all the altcoins went down but the Bitcoin has stayed strong and powerfull. So the price not falling in opposite way it is rising you will see. I would recommend you to buy or collect more bitcoin and you won't be regret.
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
Prices went down from the start of this year: https://www.coinranker.net/cryptocurrency/bitcoin
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