Why bitcoin going down? | Bitcointalksearch.org

scrivenorr

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The alternative currencies have recently displayed a major value decrease, with ETH currency leading the downtrend. Such situation in the cryptomarket led the world’s most dominant digital currency to the opportunity of proving why it has this title, as it now accounts for an impressive 60 percent of the cryptomarket share.

The BTC currency is currently in possession of more than a half of the digital currency market, while Ethereum, which is known as the second most favorable digital currency, accounts for as little as over 12 percent.

https://base.info/news/btc-dominates-60-percent-of-the-cryptomaket

DARKANGEL6415

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Well it sure seems like the price of bitcoin is still going down although it is slowed down. It seems like you have all this fat cats everywhere seem to want to make mining more difficult as well as being able to buy it.

PatrickJk

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Whales and sell walls

Big Tom

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You may look at:
http://www.advantagetrading.net/charts.html

So, it could be quit long way down... 4000-5000 usd.

brainape

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Quote from: aysg76 on January 13, 2018, 08:33:17 AM

Quote from: eann014 on January 13, 2018, 05:16:14 AM

Quote from: cryboy24 on December 21, 2017, 12:26:02 PM

Do you know why bitcoin going so much down?

I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.

Bitcoin is getting down but that's quite natural for it since the currency is too volatile and fluctuations in the price are common for it. That could also be a reason for the people may be switching to some other altcoins as still the currency is retaining a higher value thus making it too expensive for the investors to invest in it and that factor in some way or the other is affecting its value...

Yeah you are right. The price of bitcoin is so volatile that it may change after an hour. But these days the price fell down a lot almost 6000 dollars from 19500 to 13600 which is a huge gap in just a few days. I think it is the right time for new investors because of the low price and in the next year it will rise again and then buying bitcoin will be very difficult due to a high price. We must wait a little for the price to go up again.

bncbnc

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Quote from: Zadicar on January 13, 2018, 10:56:52 AM

Quote from: aysg76 on January 13, 2018, 08:33:17 AM

Quote from: eann014 on January 13, 2018, 05:16:14 AM

Quote from: cryboy24 on December 21, 2017, 12:26:02 PM

Do you know why bitcoin going so much down?

I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.

Bitcoin is getting down but that's quite natural for it since the currency is too volatile and fluctuations in the price are common for it. That could also be a reason for the people may be switching to some other altcoins as still the currency is retaining a higher value thus making it too expensive for the investors to invest in it and that factor in some way or the other is affecting its value...

Fluctuation of the price depends on the people's demand and supply that's why other users are switching to altcoins. Yet the transaction fees are getting higher and higher due to the demand of the mining fees everyone could not help it but rather wait for the upcoming LN but LN is under in development and everyone couldn't wait for it to release. Some FUD or fake news will affect also the fluctuation of the price because people will tend to panic selling if they see that the price is down. Price correction does a big impact to Bitcoin because of it's constant rising.

The same questions are repeated again and again. The most understandable reason for fall in the price is the correction and we will see that nobody will sell his bitcoin for a long time, because they know the importance of bitcoin and and every one is expected that they will get a good profit from bitcoin in next few months. All the selling of bitcoins is for booking profit.

Zadicar

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Quote from: aysg76 on January 13, 2018, 08:33:17 AM

Quote from: eann014 on January 13, 2018, 05:16:14 AM

Quote from: cryboy24 on December 21, 2017, 12:26:02 PM

Do you know why bitcoin going so much down?

I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.

Bitcoin is getting down but that's quite natural for it since the currency is too volatile and fluctuations in the price are common for it. That could also be a reason for the people may be switching to some other altcoins as still the currency is retaining a higher value thus making it too expensive for the investors to invest in it and that factor in some way or the other is affecting its value...

Fluctuation of the price depends on the people's demand and supply that's why other users are switching to altcoins. Yet the transaction fees are getting higher and higher due to the demand of the mining fees everyone could not help it but rather wait for the upcoming LN but LN is under in development and everyone couldn't wait for it to release. Some FUD or fake news will affect also the fluctuation of the price because people will tend to panic selling if they see that the price is down. Price correction does a big impact to Bitcoin because of it's constant rising.

aysg76

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Quote from: eann014 on January 13, 2018, 05:16:14 AM

Quote from: cryboy24 on December 21, 2017, 12:26:02 PM

Do you know why bitcoin going so much down?

I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.

Bitcoin is getting down but that's quite natural for it since the currency is too volatile and fluctuations in the price are common for it. That could also be a reason for the people may be switching to some other altcoins as still the currency is retaining a higher value thus making it too expensive for the investors to invest in it and that factor in some way or the other is affecting its value...

eann014

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Quote from: cryboy24 on December 21, 2017, 12:26:02 PM

Do you know why bitcoin going so much down?

I think because some investors are more interested now in altcoins, there are altcoins that also has a potential to rise in the future and it is possible because bitcoin is too expensive to have right now. That is why maybe some investors are putting their investment in some altcoins.

readygoaw

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Quote from: 1Referee on January 10, 2018, 06:08:45 PM

Quote from: Bloomie on January 10, 2018, 05:00:43 PM

If anything, MS's decision to start taking Bitcoin again will end up helping it rise in price. They reinstated BTC payments.

It won't do that much for the price. Thing is that Microsoft has done the same more than a year ago, where people were worried about why they did remove Bitcoin as payment option, but Microsoft then stated that it was a mistake from their side after many complaints. It would only have had an impact if people were actually using Bitcoin to pay for things on a massive scale, and that's not really the case, otherwise Microsoft wouldn't even consider to *temporarily* remove Bitcoin as payment option. What doesn't contribute towards growth, can't be missed when removed.

This is normal, Bitcoin can not constantly grow in price. Buyers should sell Bitcoin and make a profit, then again start buying at a bargain price.

Activitycoin

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Quote from: 1Referee on January 10, 2018, 06:08:45 PM

Quote from: Bloomie on January 10, 2018, 05:00:43 PM

If anything, MS's decision to start taking Bitcoin again will end up helping it rise in price. They reinstated BTC payments.

It won't do that much for the price. Thing is that Microsoft has done the same more than a year ago, where people were worried about why they did remove Bitcoin as payment option, but Microsoft then stated that it was a mistake from their side after many complaints. It would only have had an impact if people were actually using Bitcoin to pay for things on a massive scale, and that's not really the case, otherwise Microsoft wouldn't even consider to *temporarily* remove Bitcoin as payment option. What doesn't contribute towards growth, can't be missed when removed.

Bitcoin is not going down its price is going normal but there is no need to worry about bitcoin because its price is related with market some time its price will be high and sometime its price will be low and it’s not a first time that it’s going to happen it happen so many time before and I’m sure that this time its price will go more high because bitcoin don’t compromise on its price and it change its price fast from low to high.

1Referee

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Quote from: Bloomie on January 10, 2018, 05:00:43 PM

If anything, MS's decision to start taking Bitcoin again will end up helping it rise in price. They reinstated BTC payments.

It won't do that much for the price. Thing is that Microsoft has done the same more than a year ago, where people were worried about why they did remove Bitcoin as payment option, but Microsoft then stated that it was a mistake from their side after many complaints. It would only have had an impact if people were actually using Bitcoin to pay for things on a massive scale, and that's not really the case, otherwise Microsoft wouldn't even consider to *temporarily* remove Bitcoin as payment option. What doesn't contribute towards growth, can't be missed when removed.

Bloomie

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Quote from: Samarkand on January 10, 2018, 05:20:58 PM

Quote from: Bloomie on January 10, 2018, 05:00:43 PM

https://www.coindesk.com/microsoft-resumes-bitcoin-payments-after-halt-over-instability/

If anything, MS's decision to start taking Bitcoin again will end up helping it rise in price. They reinstated BTC payments.

In my opinion Microsoft´s decision to accept Bitcoin payments is completely irrelevant
to the development of the Bitcoin price.

The Bitcoin bull run of 2017 happened in spite of lower merchant acceptance among
the Fortune500 companies than a few years ago (in 2015 5 companies
out of the Fortune500 accepted BTC payments, now only 3 companies accept BTC
as a payment method). I´d argue that Bitcoin´s main use case has become
to be a store of value and the possibility to make payments with it is only
a secondary feature. The price development of the last few years certainly supports my theory.

I agree with you, but it's not so much about showing its value as a payment currency, rather it's about the news source on its own. I feel that because of all the increased attention to the crypto market, media focus on positive or negative aspects of the market do tend to affect it in some (maybe small/insignificant) ways. I think the news that MS is reinstating payments may nudge some legitimacy in BTC's direction in the view of the general public.

I for one had no clue MS even accepted BTC payments in the first place. I'm sure I wasn't alone in thinking that.

Samarkand

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Quote from: Bloomie on January 10, 2018, 05:00:43 PM

https://www.coindesk.com/microsoft-resumes-bitcoin-payments-after-halt-over-instability/

If anything, MS's decision to start taking Bitcoin again will end up helping it rise in price. They reinstated BTC payments.

In my opinion Microsoft´s decision to accept Bitcoin payments is completely irrelevant
to the development of the Bitcoin price.

The Bitcoin bull run of 2017 happened in spite of lower merchant acceptance among
the Fortune500 companies than a few years ago (in 2015 5 companies
out of the Fortune500 accepted BTC payments, now only 3 companies accept BTC
as a payment method). I´d argue that Bitcoin´s main use case has become
to be a store of value and the possibility to make payments with it is only
a secondary feature. The price development of the last few years certainly supports my theory.

Bloomie

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https://www.coindesk.com/microsoft-resumes-bitcoin-payments-after-halt-over-instability/

If anything, MS's decision to start taking Bitcoin again will end up helping it rise in price. They reinstated BTC payments.

SpyX

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In short term, do you think microsoft's position about bitcoin play a role in this dump?

For me, bitcoin will rise again, and above 20 000$ in a long term vision.

Kubra Dam

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Quote from: Superways on January 10, 2018, 02:53:48 PM

Quote from: secondgarlic on December 21, 2017, 12:33:21 PM

I think there is some sort of chain reaction going on at the moment, since the resistance at $20K was strong, people started selling and it has triggered a small decreasing trend. But I'm sure it will pick back up eventually.

It may be due to the reaction. But in general rules of economics it is very common to price up and down of any product. In the case of bitcoin most of the time we see the price rate of bitcoin is high. It is rare to see its price going down. Some new investors who have not business wisdom are going panic and start selling Bitcoin. I am on the point that it is the best time for investors to buy Bitcoin as many as they can. Because we all know that the price will soon be going high and that returns investors’ huge amount of money.

It may gather some power from lower points to rise one more time to the $20000 price. Staying in these priced doesn't mean that it's dead or it's inactive. Just wait and see the next move of bitcoin.

arpon11

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Quote from: Nilda on December 21, 2017, 12:46:15 PM

People are cashing on the gains from the previous two months of upswing. They want to enjoy the fruits of their labor (investment) during the holiday season. Or maybe the cryptocurrency market is on a correction/stabilisation period.

I just hope many of those asking questions about bitcoin falling really understand this fact. Traders will always like to take profit after some gain and this will always push the price backwards because value has exchange hands. Bitcoin like other trading assets cannot continue going up and vice vassal. We should expect bitcoin to make another surprised pumping some weeks to come and I am expecting this move to get to around $17,000 before making another progress to $20,000 and $30,000.

Superways

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Quote from: secondgarlic on December 21, 2017, 12:33:21 PM

I think there is some sort of chain reaction going on at the moment, since the resistance at $20K was strong, people started selling and it has triggered a small decreasing trend. But I'm sure it will pick back up eventually.

It may be due to the reaction. But in general rules of economics it is very common to price up and down of any product. In the case of bitcoin most of the time we see the price rate of bitcoin is high. It is rare to see its price going down. Some new investors who have not business wisdom are going panic and start selling Bitcoin. I am on the point that it is the best time for investors to buy Bitcoin as many as they can. Because we all know that the price will soon be going high and that returns investors’ huge amount of money.

BitHodler

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Quote from: keithieY5 on December 25, 2017, 04:39:20 AM

2. Supply rise and Demand reduces.

Point is that the price was never really maintainable around near $20,000 levels, which was something you could have figured out even before it reached there. Anything mildly above $10,000 is a fair reflection of the market.

If the price goes up too much in such a short period of time, you'll know that if it happens to go up even further, it won't and can't be maintained for long, and that's what we are experiencing right now.

It's a clear sign that the market isn't ready to increase further for now, and honestly speaking, it shouldn't go up further. Bitcoin's current limitations don't back up a further increase, so we should be happy with where we stand now.

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