Topic: Whats gone wrong with the price of BTC (Read 193 times)
Are you surprised that in the diagram the bitcoin rate is shown in a straight line, which has never happened before? So that it can be represented as a straight line, it can be influenced by several contradictory factors. However, I think for a long time such a straight line will not last. Bitcoin is too volatile and direct in price for him is too much a rarity.
Now BTC is going Down. But may be next year its going Up Because to much are now selling bitcoin.
The price of bitcoin is really unpredictable, sometimes it pump very hard and seems like it will never go down but this time it drops so bad and no one can help to prevent this sudden price change. But even if a lot of fluctuations happens in bitcoin I'm still confident that it is a good investment and that in couple of tears it will appreciate and provide high return on investment.
I heard analysts said the drop came because of the holiday season, people sold bitcoins for buying gifts and spending time with family at holiday places. I think its true that the price will rise once the new year arrive. May be in the second week of the new year.
I agree because bitcoin is not stable on going up, the value or the price of it is volatile so always expect a drastic change in price. I know all of us knows this, it's just that we keep on asking the reasons why the price of it goes upward and goes downward after some time.
But for anything to be called a currency or money it needs to have a stable price to facilitate the exchange of goods
for buyers and sellers alike and being a digital currency it should be cheap and fast.
All crypto's brake two of these rules but BTC brakes all three rules with silly transaction prices and is the number one
worse when it comes to inflation because the money supply doubles on each fork so hopefully Segwit2X takes a
hammering when it opens, people sell and then i intend on taking the advise of people here that talk about buying
on the dip when prices drop.
They had big plans for Lightning too
https://www.youtube.com/watch?v=UYHFrf5ci_g
I want none of that because these hubs are banks and if BTC cannot provide a full service
at the micro-transaction level (Anything less than $1000 today) as well as $60,000 then it has
grown too big for it boots and it's time to get out.
But for anything to be called a currency or money it needs to have a stable price to facilitate the exchange of goods
for buyers and sellers alike and being a digital currency it should be cheap and fast.
All crypto's brake two of these rules but BTC brakes all three rules with silly transaction prices and is the number one
worse when it comes to inflation because the money supply doubles on each fork so hopefully Segwit2X takes a
hammering when it opens, people sell and then i intend on taking the advise of people here that talk about buying
on the dip when prices drop.
They had big plans for Lightning too
https://www.youtube.com/watch?v=UYHFrf5ci_g
I want none of that because these hubs are banks and if BTC cannot provide a full service
at the micro-transaction level (Anything less than $1000 today) as well as $60,000 then it has
grown too big for it boots and it's time to get out.
See https://www.coindesk.com/price/ and view Bitcoin (USD) Price for one week because it's
lost the waves and is shown as a straight line heading down slightly as if a data
feed has been lost so is this anything to do with the segwit fork or is someone
finally taking some action against the miners with the crazy high fees.
The day price just got a slight scribble at the end of this straight line but it seems
very odd to me as i am sure you will agree
lost the waves and is shown as a straight line heading down slightly as if a data
feed has been lost so is this anything to do with the segwit fork or is someone
finally taking some action against the miners with the crazy high fees.
The day price just got a slight scribble at the end of this straight line but it seems
very odd to me as i am sure you will agree
Did you find it odd when it went up just as fast the past couple of months? This is just what bitcoin does... it goes up and it goes down.... then it goes down some more... then up some more.... then down some more... then up some more.... then up some more..
The answer to the question "why" is always just the same though: supply and demand and people panic selling/buying and there are a multitude of reasons for why that happens. Just a bit of bad news or fud can send the value tumbling then others panic and it has a disastrous knock on effect.
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People are like this, panic selling when the price of it goes down and panic buying when it goes up. What do you think the reason why? It's because they care on how much money or benefit they will get from the btc's they have or they will have and now that they know that there is a fork they panic sell their coins so that they'll still get a better value of money from it. So let's just see how this fork affect the value price of bitcoin once it's done, if there is a chance on going up again of it will go down more.
Just read the news about south Korea . They announced cyber currency crackdown. This has affected the drop in price of Bitcoin. So this is the time when people have a chance to buy as much btc as possible as 100k is not far away. So it's a good opportunity to make huge profits
The news about Korea is kind of small, people will try to ban Bitcoin though there will be a bunch of people purchasing Bitcoin on the side. The price will go back up.
Just read the news about south Korea . They announced cyber currency crackdown. This has affected the drop in price of Bitcoin. So this is the time when people have a chance to buy as much btc as possible as 100k is not far away. So it's a good opportunity to make huge profits
It could be a bug from coindesk. Make sure you check other charts, from other platforms, too
See https://www.coindesk.com/price/ and view Bitcoin (USD) Price for one week because it's
lost the waves and is shown as a straight line heading down slightly as if a data
feed has been lost so is this anything to do with the segwit fork or is someone
finally taking some action against the miners with the crazy high fees.
The day price just got a slight scribble at the end of this straight line but it seems
very odd to me as i am sure you will agree
lost the waves and is shown as a straight line heading down slightly as if a data
feed has been lost so is this anything to do with the segwit fork or is someone
finally taking some action against the miners with the crazy high fees.
The day price just got a slight scribble at the end of this straight line but it seems
very odd to me as i am sure you will agree
Did you find it odd when it went up just as fast the past couple of months? This is just what bitcoin does... it goes up and it goes down.... then it goes down some more... then up some more.... then down some more... then up some more.... then up some more... then down some more
. The answer to the question "why" is always just the same though: supply and demand and people panic selling/buying and there are a multitude of reasons for why that happens. Just a bit of bad news or fud can send the value tumbling then others panic and it has a disastrous knock on effect. After a while the storm calms and the price starts to rise again. This will likely always happen but it's just something you have to learn to live with and ride out. I think we should still look on the bright side and be happy at the value it is at right now, especially compared to how much it was this time last year and who knows where it will be this time next year but that's all part of the fun.
Indeed , but not surprising enough given that the month of December is for spending your money to buy goods as a gift, i found it normal for bitcoin to go down, the reason why bitcoin price is on sideways is because of the uncertainty of the coming year for bitcoin first quarter next year
There is nothing surprising in this. In the next year, the same falls or take-offs of bitcoin are possible. It is difficult to predict what the price will be.
Yes, because the price is very expensive and very volatile and unpredictable. maybe next year could reach 1 billion or more.
BTC prices will fluctuate with the market, which is normal, I think, in the long run, its price will continue to rise.
Yes i bet the tulip farmers were saying that back in 1634 because they had bad weeks too
but since we are talking about a currency apparently then can you show me any currency
who's purchasing power has gone up more than 200% in a year ?
Weeds kill flowers and fees will kill BTC before we get to the crazy highs of tulip mania that
puts BTC at about $250,000 a coin
BTC prices will fluctuate with the market, which is normal, I think, in the long run, its price will continue to rise.
Anti-cen, any chance you can post that screen shot for us?
Not sure where to upload on the forum but i will do that for you if you tell me how
The price value of Bitcoin seems a bit down for now and in the coming days, this will spike back to it's increasing trend. Price value of Bitcoin
has a bright future ahead for 2018.
Maybe check it again and refresh... it looks right to me.
I was going to call you out because I know what i was seeing but i was using a VPN (Hate google tracking)
but just to be sure I turned it off and it's like you say and looks just fine.
Maybe they screwed up something when they try to converting the time zones but watch this space
and i will try to upload the screenshot
Anti-cen, any chance you can post that screen shot for us?
Not sure where to upload on the forum but i will do that for you if you tell me how
Maybe check it again and refresh... it looks right to me.
I keep moving from one week to one day and it's still a long straight line downwards with price under $16,000 but
https://coinmarketcap.com/currencies/bitcoin/
Well this one looks normal and the price is upwards and moving towards $16k so i don't know
The coindesk price data is not loading at all for me. If you are worried you can always check out the price on coinmarketcap or even go to different exchange websites. But because it won't load for me I suspect it might be a bug. Anti-cen, any chance you can post that screen shot for us?
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