Why Bitcoin will not hit 20000 soon? - page 4.

gabmen

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Quote from: matchi2011 on August 06, 2018, 06:33:43 AM

Quote from: Bitcoin2009 on August 06, 2018, 01:07:55 AM

The main obstacle why bitcoin didn't touch $ 20,000 soon was because of the many negative news, when prices went up there were a lot of negative news that made the issue that bitcoin prices would drop so it suggested selling immediately so bitcoin was difficult to rise like last year.

It's because there's a lots of panic sellers and they wanted to gain easy money, when they seen the value rise a little they sell it out without waiting and this small movements really affects the current bull run as another person will sell too, a chain reactions and makes the bull run to get its corrections again and just repeat itself from time to time.

Well it's given that weak hands and panic sellers are pretty much one of the main reasons why we've gone down so drastically but i think it's bound to happen anyways. Whales took huge profits, the bandwagoners saw their capital dwindle drastically and before we know it, we're back to this price range lol.

matchi2011

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Quote from: Bitcoin2009 on August 06, 2018, 01:07:55 AM

The main obstacle why bitcoin didn't touch $ 20,000 soon was because of the many negative news, when prices went up there were a lot of negative news that made the issue that bitcoin prices would drop so it suggested selling immediately so bitcoin was difficult to rise like last year.

It's because there's a lots of panic sellers and they wanted to gain easy money, when they seen the value rise a little they sell it out without waiting and this small movements really affects the current bull run as another person will sell too, a chain reactions and makes the bull run to get its corrections again and just repeat itself from time to time.

blockman

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That Tether issue did contributed to the growth of bitcoin during December and to those that didn't knew about it. (https://medium.com/coinmonks/statistical-analysis-of-bitcoin-price-manipulation-by-tether-issuance-in-late-2017-b3342b8915a0)

We may too be excited to see that same scenario will come out for this year but be ready if it won't happen exactly.

haroldtee

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Quote from: djcounter on August 06, 2018, 04:30:54 AM

Precisely! The money that could be spend in Bitcoin, is being wasted into scam projects.

Well, that is the decentralized world we are in presently. I believe no smart money will be investing in scam projects anyway, so let's assume all those spent on scam projects to be fool's money (no offense!) and asides that, I believe this market will grow more than it is today when possible regulation starts kicking in, which still does not change it from being decentralized, but at least will help put some law in place as it is really needed whether we like it or not. A lot of investors (or will I say some present whales) may not like that, considering the entrance of institutional money in the market which actually do have its advantages and disadvantages with most of it being better growth and market maturity compared to the huge fluctuations that we have now. And with that, there is still enough money to fly around eventually.

With respect to the OP, apparently, we are still in a bear trend and we really would not need a soothsayer to know the bottom has not been hit yet and we would still get to see some long period of consolidation as well which when we put all these together is not just some few months thingy. However, it is still the long run that matters anyway.

trako

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big investors are needed. There is no continuity in investments. short-lived sell-market is not moving. also there are too many cheaters. many ICOs have failed. People are afraid to invest. governments do not show a positive attitude towards cryptography.
Even if it goes to 10k level now, the market is accelerating at a great rate. 20k levels yes very nice but not realistic. There are not enough investors to keep the 20k level going. if the supply-demand balance has to be in a certain continuity.

djcounter

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Quote from: KenChanYu on August 06, 2018, 01:32:45 AM

Quote from: eann014 on August 05, 2018, 09:52:59 PM

Quote from: cherry yu on August 04, 2018, 11:47:35 AM

Quote from: eann014 on August 04, 2018, 09:25:45 AM

Quote from: djcounter on August 01, 2018, 10:03:12 AM

Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.

I guess bitcoin price is not only because of ICO's, yes, there are still some impact if there is a lot of ICO's but it is also because of big investors of bitcoin before. I think last year has a lot of investors of bitcoin and that is why bitcoin price touches $20k because a lot of scammers also uses bitcoin to their business, they uses bitcoin to encourage their investors to invest to them even if they are not legit but they are using bitcoin so they are putting a lot of investment with bitcoin so that the price of bitcoin will go up and a lot of BIG investors will put huge amounts of their capital for it because they think that they will get profited. By the time past by, scammers sell their investment and just run away that is also why bitcoin drops hard last year. This is my opinion.

i got your opinion, not only ico is the reason for the bitcoin price increase, as well as large investors. Yes, you also have the point that the scam project is also one of the reasons for the bitcoin price increase. and, this is also one of the reasons why its price has fallen due to wrong speculations which now affects the value of bitcoin.

Yes, because a lot of scammers now are using bitcoin for their monkey business so they can get a lot of big investors, they uses bitcoin to encourage a lot of investors and invest with them, that is why some other investors now are afraid to invest with bitcoin because they think that they will just lose another million of their capital, which is wrong because they put their money in a wrong investment.

Exactly! Scams are very rampant nowadays and these lead to losing the trust of the public towards Bitcoin. Not only for this reason, it could also be due to fake news, media influence, supply, demand, its risks, or volatility. But we should be aware that market keeps on moving that makes price to keep on fluctuating. I still believe that price upsurge takes time and market will be back on track at the course of time. As a Bitcoin user, we have a strong responsibility to support and promote Bitcoin for its growth and success.

Precisely! The money that could be spend in Bitcoin, is being wasted into scam projects.

cepot9

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ico maybe last year gave a positive effect to the increase of bitcoin, but for this year I think investors invest in ico unlike last year because they now have to really choose a serious project. or investors invest in ico after ico entered the market because at the time of entering the market the price was very far below ico's price due to the large and least sale of holders

arthotdog

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Quote from: djcounter on August 01, 2018, 10:03:12 AM

Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.

Right mate,instead of investing to bitcoin many member chooses ico project to put on their money,but the sad thing is many of them become scamming victim and at the end frustrated and hated this community because of this ..I believe thay if we really want to help the community better buy and invest in bitcoin more than this ico

KenChanYu

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Quote from: eann014 on August 05, 2018, 09:52:59 PM

Quote from: cherry yu on August 04, 2018, 11:47:35 AM

Quote from: eann014 on August 04, 2018, 09:25:45 AM

Quote from: djcounter on August 01, 2018, 10:03:12 AM

Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.

I guess bitcoin price is not only because of ICO's, yes, there are still some impact if there is a lot of ICO's but it is also because of big investors of bitcoin before. I think last year has a lot of investors of bitcoin and that is why bitcoin price touches $20k because a lot of scammers also uses bitcoin to their business, they uses bitcoin to encourage their investors to invest to them even if they are not legit but they are using bitcoin so they are putting a lot of investment with bitcoin so that the price of bitcoin will go up and a lot of BIG investors will put huge amounts of their capital for it because they think that they will get profited. By the time past by, scammers sell their investment and just run away that is also why bitcoin drops hard last year. This is my opinion.

i got your opinion, not only ico is the reason for the bitcoin price increase, as well as large investors. Yes, you also have the point that the scam project is also one of the reasons for the bitcoin price increase. and, this is also one of the reasons why its price has fallen due to wrong speculations which now affects the value of bitcoin.

Yes, because a lot of scammers now are using bitcoin for their monkey business so they can get a lot of big investors, they uses bitcoin to encourage a lot of investors and invest with them, that is why some other investors now are afraid to invest with bitcoin because they think that they will just lose another million of their capital, which is wrong because they put their money in a wrong investment.

Exactly! Scams are very rampant nowadays and these lead to losing the trust of the public towards Bitcoin. Not only for this reason, it could also be due to fake news, media influence, supply, demand, its risks, or volatility. But we should be aware that market keeps on moving that makes price to keep on fluctuating. I still believe that price upsurge takes time and market will be back on track at the course of time. As a Bitcoin user, we have a strong responsibility to support and promote Bitcoin for its growth and success.

Wong Gendheng

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Quote from: Bitcoin2009 on August 06, 2018, 01:07:55 AM

The main obstacle why bitcoin didn't touch $ 20,000 soon was because of the many negative news, when prices went up there were a lot of negative news that made the issue that bitcoin prices would drop so it suggested selling immediately so bitcoin was difficult to rise like last year.

Yes right, look at chat rooms, when bitcoin prices rise then many are pessimistic that prices will continue to rise so this affects many people to sell immediately, besides that many users prefer small profits so they prefer to sell immediately when prices rise because he is sure the price drops again.

Bitcoin2009

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The main obstacle why bitcoin didn't touch $ 20,000 soon was because of the many negative news, when prices went up there were a lot of negative news that made the issue that bitcoin prices would drop so it suggested selling immediately so bitcoin was difficult to rise like last year.

eann014

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Quote from: cherry yu on August 04, 2018, 11:47:35 AM

Quote from: eann014 on August 04, 2018, 09:25:45 AM

Quote from: djcounter on August 01, 2018, 10:03:12 AM

Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.

I guess bitcoin price is not only because of ICO's, yes, there are still some impact if there is a lot of ICO's but it is also because of big investors of bitcoin before. I think last year has a lot of investors of bitcoin and that is why bitcoin price touches $20k because a lot of scammers also uses bitcoin to their business, they uses bitcoin to encourage their investors to invest to them even if they are not legit but they are using bitcoin so they are putting a lot of investment with bitcoin so that the price of bitcoin will go up and a lot of BIG investors will put huge amounts of their capital for it because they think that they will get profited. By the time past by, scammers sell their investment and just run away that is also why bitcoin drops hard last year. This is my opinion.

i got your opinion, not only ico is the reason for the bitcoin price increase, as well as large investors. Yes, you also have the point that the scam project is also one of the reasons for the bitcoin price increase. and, this is also one of the reasons why its price has fallen due to wrong speculations which now affects the value of bitcoin.

Yes, because a lot of scammers now are using bitcoin for their monkey business so they can get a lot of big investors, they uses bitcoin to encourage a lot of investors and invest with them, that is why some other investors now are afraid to invest with bitcoin because they think that they will just lose another million of their capital, which is wrong because they put their money in a wrong investment.

mrcash02

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Quote from: Bessta on August 05, 2018, 11:00:44 AM

Bitcoin will crawl slowly because of many impatient investors that sells immediately when price starts to rise. But i am positive that it will rise to 25k$ this December. The issue on icos is not the thing that presently affects the upward movement of bitcoin. I think the whales is one of the reasons plus the unending negative issues which also affects the investors solid trust to bitcoin.

On long term these impatient investors will waste a precious chance... Bitcoin will grow and they will stay back with the hands full of worthless tokens, coins. I would like to be positive like you about Bitcoin's price by December, but I don't see reasons why it would hit such price in time.

I think ICOs represent a very important principle of Crypto-Currency world, that is the decentralization, and I agree with you, they aren't a threat to Bitcoin. As the thread's author says, there are many weeds around the big "Bitcoin tree", but where there is a big and strong tree, the little weeds don't grow up, they die and their remains fertilize the big tree to continue developing itself even more!

JustinMoser

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We have seen numerous ICOs launching in 2017 and people participating in those like crazy. However most of those ICOs are dead by now and some ended up being scam or poor performers. The ones that shows promise are still developing and when it does we'll see positive changes in the market. You might be partly right about ICOs affecting price of bitcoin but the price is very much dependent on the demand too.

krauzzer02

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Quote from: lightcar on August 01, 2018, 11:58:25 AM

It will be back over 20k just wait till the end of this year. We are still in early if you buy at this price and can easily double your money.

I hope it will come back future events will tell the judgment for EOY price of bitcoin, no recent triggering events for bitcoin to increase massively this period but we can always expect some incoming news that will influence its price although it may be positive or negative scales of events and happenings we never knew what's incoming.

cryptovally01

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According to me it is completely opposite. ICOs did create a distraction from the BTC market but they rely on BTC most of the time. Most of the people invest on ICOs not beacuse they want to gain ALTs rather they want to gain ALTcoins to convert them to BTC and be profitable.

Bessta

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Bitcoin will crawl slowly because of many impatient investors that sells immediately when price starts to rise. But i am positive that it will rise to 25k$ this December. The issue on icos is not the thing that presently affects the upward movement of bitcoin. I think the whales is one of the reasons plus the unending negative issues which also affects the investors solid trust to bitcoin.

blackmagic111

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The holders of bitcoin are losing their hope on it. That’s why it is going down. Bt I think they should be patient. Maybe it will not touch $20k this year but hopefully it will in the middle or in the end of 2019.

SparklesCoin

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I don’t think so. BTC is not going down for ICO. I think it is going down for the users of it.

Ngewex Yuk

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The thing that makes bitcoin not hit 20000 soon because of the many users who feel lucky if they sell bitcoin when they feel 5% profit, this is what is different from the previous investor that all investors are patient to wait and continue to buy.

Topic: Why Bitcoin will not hit 20000 soon? - page 4. (Read 2021 times)