Why Bitcoin Price is going down ? - page 2.

aso118

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Quote from: kwukduck on July 10, 2017, 06:06:41 PM

It's going down because of the hard fork that is going to happen.
Therr will be double the amount of coins. Ao that at least halves the current price. And one, if not both of the chains will die out quickly and it will all be a giant mess in the ecosystem forcing people to move to safer and better coins. Dropping the value even lower.
That's how so many experts, including myself, are certain it will drop under $1000 soon.

The hard fork might actually be good for Bitcoin in the long run. It could put an end to the scaling debate, if one of the coins is wildly successful.
We can withstand the intermittent volatility.

kwukduck

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It's going down because of the hard fork that is going to happen.
Therr will be double the amount of coins. Ao that at least halves the current price. And one, if not both of the chains will die out quickly and it will all be a giant mess in the ecosystem forcing people to move to safer and better coins. Dropping the value even lower.
That's how so many experts, including myself, are certain it will drop under $1000 soon.

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Quote from: DomainerCheaper on July 10, 2017, 11:26:34 AM

Hello dear Bitcoiners

I'm seeing the chart in red lines, that the bitcoin price is going down; Why that's happening?

It's because you opened the 75 876 thread about the price going down.

Quote from: bitbunnny on July 10, 2017, 12:10:54 PM

Actualy it's not going down, the price is moving around 2400-2500$ for a while now.

It's 2328 at this moment so yes it is going down.
But nothing to panic...yet.

Quote from: kwukduck on July 10, 2017, 06:06:41 PM

That's how so many experts, including myself, are certain it will drop under $1000 soon.

Experts in......failure?

darkangel11

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Quote from: skorupi17 on July 10, 2017, 03:29:03 PM

Quote from: DomainerCheaper on July 10, 2017, 11:26:34 AM

Hello dear Bitcoiners

I'm seeing the chart in red lines, that the bitcoin price is going down; Why that's happening?

There are various reasons and the most probable reason is the upcoming Segwit activation. Some users are just afraid of what will happen when Segwit gets activated. Some sell their Bitcoin in order to play safe if ever Bitcoin goes down harshly that is why we see some decrease on Bitcoin's price. But rest assured because nothing is to be worried about. The activation will be beneficial for Bitcoin so just hold your coins and neglect the chart reading. It is normal.

They are afraid because fearmongers are mixing soft and hard forks together. They're taking advantage of people who don't know how SegWit works and trying to start a panic run. Just look at some posts in bitcoin discussion. Every couple minutes someone asks if his money will disappear on August 1st, and some "good souls" are advising to cash out or move coins to a blockchain wallet, because we're going to fork Roll Eyes

skorupi17

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Quote from: DomainerCheaper on July 10, 2017, 11:26:34 AM

Hello dear Bitcoiners

I'm seeing the chart in red lines, that the bitcoin price is going down; Why that's happening?

There are various reasons and the most probable reason is the upcoming Segwit activation. Some users are just afraid of what will happen when Segwit gets activated. Some sell their Bitcoin in order to play safe if ever Bitcoin goes down harshly that is why we see some decrease on Bitcoin's price. But rest assured because nothing is to be worried about. The activation will be beneficial for Bitcoin so just hold your coins and neglect the chart reading. It is normal.

DomainerCheaper

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Quote from: worldmobilecoin on July 10, 2017, 12:41:40 PM

Quote from: bitbunnny on July 10, 2017, 12:10:54 PM

Actualy it's not going down, the price is moving around 2400-2500$ for a while now. But you have to know that stability is not one of characteristics of Bitcoin price but volatility. So constant changes and corrections of price caused by market factors are normal.
Since you don't know this facts you are probably new in Bitcoin but you will learn with time.

You are actually right. It's just matter of time. Don't panic. Stay calm.

Thank you for your appreciated informations.

worldmobilecoin

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Quote from: bitbunnny on July 10, 2017, 12:10:54 PM

Actualy it's not going down, the price is moving around 2400-2500$ for a while now. But you have to know that stability is not one of characteristics of Bitcoin price but volatility. So constant changes and corrections of price caused by market factors are normal.
Since you don't know this facts you are probably new in Bitcoin but you will learn with time.

You are actually right. It's just matter of time. Don't panic. Stay calm.

bitbunnny

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Actualy it's not going down, the price is moving around 2400-2500$ for a while now. But you have to know that stability is not one of characteristics of Bitcoin price but volatility. So constant changes and corrections of price caused by market factors are normal.
Since you don't know this facts you are probably new in Bitcoin but you will learn with time.

DomainerCheaper

newbie

Activity: 27

Merit: 0

Hello dear Bitcoiners

I'm seeing the chart in red lines, that the bitcoin price is going down; Why that's happening?

Topic: Why Bitcoin Price is going down ? - page 2. (Read 2098 times)