Why Bitcoin so down - page 6. | Bitcointalksearch.org

Oceat

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Quote from: 10000cr on March 25, 2018, 06:57:32 AM

Why Bitcoin came so low in 2018 january to march
All the guess people were saying that Bitcoin would touch 25k$ but why did not it happen ?

If you can record all the bad news about of Bitcoin starting from January up until now you will see the reason why it fall too much like this. Most of the holders are easily driven by the FUD so it tends to break their emotions and starting to panic selling. If this is not about the FUD i wonder what would be the price of Bitcoin today after it hits $20k.

tukagero

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Quote from: 10000cr on March 25, 2018, 06:57:32 AM

Why Bitcoin came so low in 2018 january to march
All the guess people were saying that Bitcoin would touch 25k$ but why did not it happen ?

its not easy to reach $25k ,bitcoin must create a hype in order to achieve it. And because of fud and news about banning crypto in some countries made some investors worried and sell thier holdings.

BitHodler

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This market always does the opposite of what people expect. If after an ongoing bull run your sell now trigger hasn't been going nuts, then the insane price speculation should be the next best thing.

In the same way with how the general sentiment is on the lower side right now, and people speculate about a further decline, we might be up for another massive bounce in the coming weeks/months.

It's not for nothing that noobs quite often complain about when they start buying the price goes down, and when they start selling, the price suddenly goes up. Market movers play this game successfully for years.

cryptocrusher

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In January bitcoin wasn't down too harshly, the worst happened in the first week of February. There were a combination of reasons, the most prevalent and obvious being that the price spiked too high too rapidly and it's natural that a correction would happen. There was then negative news around the same time that lead to further panic.

akamit

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Quote from: 10000cr on March 25, 2018, 06:57:32 AM

Why Bitcoin came so low in 2018 january to march

Because Bitcoin was pumped hard in December. I remember, once I said "Too Fast Too Furious"
The current price is the exact price of Bitcoin, look deeper and see how stable the price is now. Steady growth is better over fast growth, and people already witnessed the consequences.

Quote from: 10000cr on March 25, 2018, 06:57:32 AM

All the guess people were saying that Bitcoin would touch 25k$ but why did not it happen ?

It didn't happen because it was a prediction and predictions can be totally false. It didn't happen in first 3 months, that doesn't mean it won't happen in future.

mikfresh

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I share the thought of the gentlemen who answered before. But more importantly... why did you post this in the bounties section ? Cheesy

niteroy

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Quote from: tyKiwanuka on March 25, 2018, 08:07:39 AM

Quote from: Dasengineer on March 25, 2018, 07:40:41 AM

It will come to 25k$ this year or next year doesn't matter. The only thing which matters is whether you believe in crypto economy or no. Whether you with crypto community or you are "regular folk"

When I believe in crypto, why would I even care about the price ? When I believe in crypto, all I have to care about is adoption. When I believe in crypto, why would I go back to fiat (i.e. care about prices), when fiat is a dead end then. This makes no sense at all. In the end everyone wants to do x1000 and move back to fiat. Where are the true believers ? For the true believers, there will be no fiat left in the end, so no point in converting crypto back to fiat and thus no need to care about prices.

This is a very deep reasoning of a person who really believes in cryptography and cryptocurrencies. It's nice to hear that the cryptocurrencies has more followers. Yes, people are worried about the price of cryptocurrency because bitcoin and altcoins are still heavily dependent on fiat money and probably also because people do not believe enough in blockchain technology and that cryptocurrencies will someday become a full-fledged calculation tool between people.

tyKiwanuka

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#birdgang

Quote from: Dasengineer on March 25, 2018, 07:40:41 AM

It will come to 25k$ this year or next year doesn't matter. The only thing which matters is whether you believe in crypto economy or no. Whether you with crypto community or you are "regular folk"

When I believe in crypto, why would I even care about the price ? When I believe in crypto, all I have to care about is adoption. When I believe in crypto, why would I go back to fiat (i.e. care about prices), when fiat is a dead end then. This makes no sense at all. In the end everyone wants to do x1000 and move back to fiat. Where are the true believers ? For the true believers, there will be no fiat left in the end, so no point in converting crypto back to fiat and thus no need to care about prices.

Dasengineer

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Quote from: 10000cr on March 25, 2018, 06:57:32 AM

Why Bitcoin came so low in 2018 january to march
All the guess people were saying that Bitcoin would touch 25k$ but why did not it happen ?

Because it's normal market cycle condition. March was always a bad period for crypto if you track the history.

It will come to 25k$ this year or next year doesn't matter. The only thing which matters is whether you believe in crypto economy or no. Whether you with crypto community or you are "regular folk"

10000cr

newbie

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Why Bitcoin came so low in 2018 january to march
All the guess people were saying that Bitcoin would touch 25k$ but why did not it happen ?

Topic: Why Bitcoin so down - page 6. (Read 856 times)