Why bitcoin is still dropping ? - page 11.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: trader34 on March 28, 2018, 12:07:13 PM

It's a temporary situation this bearish market, it has happened also many times in the past. Sooner or later, I expect another bull run...

In the eyes of a believer, things will bounce back accordingly, I agree that it's also happen back then and we already witness the bullish market before,
time can only dictates when but for sure it will happen again, meeting a new height might be the best thing to wait, just learn from the previous history
of the trend of this system and be guided by strong fate, that bitcoin will rise high again.

cryptohoodz

jr. member

Activity: 91

Merit: 5

Generally, BTC is still on a bullish trend if you look at from a multi year perspective.
Dec 2012 $13.00
Dec 2013 $600–$1,000
(I couldn't find 2014/2015 that quickly)
October–November 2016 $600–$780
December 2017 $10,000-20,000

I think the parabolic growth that occured end of last year was simply too exponential. Hence, it's a very normal (and healthy) situation that BTC prices correct themselves.
Also, BTC/crypto is a very new asset. So it enjoys a lot of scrutiny from regulators and media which, in combination with a very unexperienced customer base, creates lots of volatility in BTC prices. In time, this will get much more stable, similar to older traditional asset classes.

trader34

member

Activity: 434

Merit: 38

It's a temporary situation this bearish market, it has happened also many times in the past. Sooner or later, I expect another bull run...

jack8989

member

Activity: 331

Merit: 10

StartFi

Quote from: Wilfrer on March 28, 2018, 11:56:19 AM

Think Bitcoin is giving us challenges and opportunities. Maybe it is currently down and of low value. This is the time for us to accumulate Bitcoin. And I believe in the future it will increase again and have a higher and higher value. That is our chance to get rich, it is more daring and dangerous. However, on the path to success there is no footprint of lazy and safe

This is a great idea and I am impressed with your thoughts. I think people should think optimistically like you. Everything happens for a reason and I still believe bitcoin is challenging our persistence. Professional traders always have the patience and they never fail to beat the bitcoin challenge.

Wilfrer

full member

Activity: 232

Merit: 100

Think Bitcoin is giving us challenges and opportunities. Maybe it is currently down and of low value. This is the time for us to accumulate Bitcoin. And I believe in the future it will increase again and have a higher and higher value. That is our chance to get rich, it is more daring and dangerous. However, on the path to success there is no footprint of lazy and safe

Rotsor

full member

Activity: 309

Merit: 102

Presale is live!

Do you expect the price to just keep on going up forever? Bitcoin went through a double bull rally last year and you still aren't satisfied with it and think why the price is dropping and awful right now. The price of bitcoin will keep on dropping until the market thinks is the correct price of it.

jonas5222000

member

Activity: 476

Merit: 10

Student Coin

Becausw many of holders was already sell their bitcoin but do not worry bitcoi pice will be fine because after that im sure that it will be pump like what happened before.

wertanto

newbie

Activity: 46

Merit: 0

I think no one will tell you why bitcoin is falling in price and how long it will still fall

mu_enrico

copper member

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Slots Enthusiast & Expert

Quote from: Smpdytz1 on March 26, 2018, 06:16:10 AM

bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that

I think we are still in altcoin hype, investors seeking more aggressive investment (i.e. altcoin). When they realize that 99% of them is waste of money, they'll turn back to bitcoin. As long as there is no bad news in bitcoin

joshy23

sr. member

Activity: 1078

Merit: 256

Quote from: Basmic on March 28, 2018, 10:41:32 AM

It seems to me that the demand has decreased now not because people have lost interest in bitcoin. Many rich people wanted to save their money with bitcoin. This is a huge amount. But the government's attempts to control the turnover of cryptocurrencies can break these plans. It seems to me that this is the main reason for the fall in prices. Does anyone else dream about legalizing bitcoin?

That's the problem, rich investors are moving away because they are seeing lots of negative feeds about bitcoin, and instead of placing their
money to invest, they are now looking for some other ways to divert and hide their money, bitcoin can be a bank of our owned hands and we
can hide our wealth but if the government continue to war against crypto value will continue to differentiate.

rysea2

full member

Activity: 407

Merit: 101

I think the reason for the continuing decline is that some countries forbid bitcoin and some well-known social media sites are also planning to ban crypto ads and more recently google. with that it would have a very bad impact on the market and cause a lot of panic.

mOgliE

legendary

Activity: 1344

Merit: 1251

Hi,

There are many reasons that can explain the decrease.

One of them is that the rise was so huge in last december that now people have chosen, at least for a while, to be more careful.
Another reason is that a large part of the community is still waiting for the price to be lower before buying. Just because buying low ensure potentially higher profits!

So this is all quite logical. Wait and see! Wink

Jercyhora2

member

Activity: 504

Merit: 23

Epsilon Omega

That's what bitcoin really is, not only on bitcoin but in all of Crypto currency out there. Some other says, the price of bitcoin has seasons too. Let's say in this month, bitcoin is down, which is I like the most. This is a time to buy bitcoins because its price is cheap. And after the end of this season, the price will rise again. Passive rising point is $12,000 and above.
Everything in the crupto is has advantages, and disadvantages.

worle1bm

full member

Activity: 1834

Merit: 166

Quote from: Smpdytz1 on March 26, 2018, 06:16:10 AM

bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that

As far as i know prices are fluctuating like dropping and bouncing back within $8000-$10000 over this period what we call correction period.This trend will continue for some time and after that comes the bull run which will boost the prices but don't loose patience stay calm and just hodl for the long term. You can see the price graphs for last five years and you will understand the thing.The prices have gone down due to google banning crypto advertisements and some of the panic selling over this period but it will rise after some time.

yudhistira

full member

Activity: 347

Merit: 100

Quote from: Smpdytz1 on March 26, 2018, 06:16:10 AM

bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that

Nobody knows the real reason, but that's the nature of the crypto market. There are big drops and there are big jumps. No one can predict them with precision.

Sithara007

legendary

Activity: 3332

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Not just the prices of Bitcoin, but that of Bitcoin Cash and the other alts are also down. I suspect that the Mt Gox trustee is still dumping the coins from the stash. The last time I heard, some 200K coins were remaining to be dumped.

elbimbo012

full member

Activity: 476

Merit: 108

Quote from: Smpdytz1 on March 26, 2018, 06:16:10 AM

bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that

bitcoin price is still dropping because volume of seller is greater than buyer the more seller want to sell their bitcoin the lower the price may bitcoin be. but once this weak hands and impatient holder is over in their seeling spree expect price of bitcoin to rebound and may start the bullish season

Basmic

sr. member

Activity: 406

Merit: 256

It seems to me that the demand has decreased now not because people have lost interest in bitcoin. Many rich people wanted to save their money with bitcoin. This is a huge amount. But the government's attempts to control the turnover of cryptocurrencies can break these plans. It seems to me that this is the main reason for the fall in prices. Does anyone else dream about legalizing bitcoin?

Sakibhasan.bd

newbie

Activity: 91

Merit: 0

Not only bitcoin,,,it is a regular matter to get up and down of all cryptocurrency. There are many reason for this happened. However i know those are ....
1. Investing
2. Mining
3. Marketing
etc are the reason of dropping.

Dava.Dina

full member

Activity: 296

Merit: 100

The market value of Bitcoin and other Cryptocurrency depends only on demand from the market so that what happens on demand will reflect the value of Crypto.

No one really knows why Bitcoin continues to fall. the high odds it has to do with the market demand, of course this is really scary especially for those who invest with high prices.

Those who make bad news about bitcoin for wanting to buy bitcoin and altcoin for a cheaper price.

I'm sure it will not take long for all Crypto currencies to bounce back.

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