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Topic: Why BTC is under $8K? (Read 1180 times)

hero member
Activity: 1834
Merit: 523
November 09, 2018, 06:48:37 PM
Price of the bitcoin is getting more cheaper when you started this topic. I hope the price of the bitcoin will become 8k dollars and I hope  it will become  more than 20k dollars again what bitcoin hit the highest price. I think why the price of the bitcoin decrease more because of the panic selling.
hero member
Activity: 924
Merit: 500
November 09, 2018, 02:42:14 PM
Do you really believe that all this is happening because of the news? It’s obvious that all this year some very large players (it will be new whales) making their financial capital in bitcoin bigger. And this correction made for them to buy for a cheap price.
full member
Activity: 462
Merit: 100
November 08, 2018, 10:37:12 PM
Bitcoin prices currently cost less than $8k maybe because there is no good news that can make investors buy bitcoin, usually when there is good news, prices will rise again, so just wait until the end of this year and hope for bitcoin price increases.
member
Activity: 328
Merit: 10
www.daxico.com
November 08, 2018, 07:53:19 PM
It is the equilibrium price traders are willing to sell and buy at. The price of bitcoins is base on demand and supply and the value of the price of bitcoins seen by many traders are the determinant of how it should be bought and sold.
member
Activity: 891
Merit: 43
Random coins :)
November 08, 2018, 07:55:22 AM
Now BTC is under $8K, do you have any opinions about this issue?
Many new comers are disappointed that they are not seeing $20k but with a small and steady growth this is more of what regulators want if we need their support and that's how it should be run, not pump and dump always which make btc look shitty

We think BTC will go uptrend to reach over $10K but it can be now.
Crypto support is there, and any body trying to use other altcoins will still come to learn of btc, so now is a waiting game, 10k is on its way.
sr. member
Activity: 1162
Merit: 251
November 08, 2018, 06:51:35 AM
Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.
The only answer is that the big whales want it this way! I have high hopes for next year though, price manipulation is the real thing!

Nope! many people speculate that prices are fully manipulated by whales, but not like that. prices on the market are driven by each individual user. there are tens of millions of users in bitcoin and marketcaps reach hundreds of millions of dollars, it is impossible for prices to be driven by whales only. low prices now because of many things one of them we are still hesitant to buy again
full member
Activity: 1330
Merit: 147
November 08, 2018, 05:00:17 AM
The only answer is that the big whales want it this way! I have high hopes for next year though, price manipulation is the real thing!


It is quite possible that big payers are cashing out early and making profits. they would be buying in 6k range and when it reaches a certain level they would be cashing out rather than holding it for long term which previously it could have happen. Due to which price is not rising easily above 8k.

I'm not sure whales are the main factor that made bitcoin having price less than $ 8000, this is a market condition related to regulations that reject the use of bitcoin. Continuous price reductions will make some investors sell bitcoins that they have, and that spreads to other investors, so they make the same decision to sell bitcoin even though they are in a loss. Indeed, whales does have control to make bitcoin prices rise and fall, but they will decide to sell and buy depending on the information that comes with cryptocurrency.
legendary
Activity: 2296
Merit: 1038
Leading Crypto Sports Betting & Casino Platform
November 08, 2018, 04:36:31 AM
Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.
maybe you need to visit my thread here

I'm not a good expert and trader, but I don't think bitcoin will go to the moon this year, even though there are increases that won't last long, I don't want to talk much, hopefully it helps you


Well i doubt that there are many people who still expects a btc mooning this year. All signs  point to quite a stagnant price until the year end. Though a mini run may happen just to keep that last quarter trend still. As the year end comes closer, it seems unlikely that we're even going to touch 10k.
everyone is waiting for the right time to buy so no more people lose their money after the bitcoin price has fallen sharply in 1 year, so I don't think it will touch $ 10k
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
November 07, 2018, 11:25:04 AM
Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.
maybe you need to visit my thread here

I'm not a good expert and trader, but I don't think bitcoin will go to the moon this year, even though there are increases that won't last long, I don't want to talk much, hopefully it helps you


Well i doubt that there are many people who still expects a btc mooning this year. All signs  point to quite a stagnant price until the year end. Though a mini run may happen just to keep that last quarter trend still. As the year end comes closer, it seems unlikely that we're even going to touch 10k.
full member
Activity: 1190
Merit: 212
★Bitvest.io★ Play Plinko or Invest!
November 07, 2018, 04:16:26 AM
Bitcoin prices are currently under $ 8k because maybe there is no good news that might trigger a rise in bitcoin prices and trigger investors to buy bitcoin, so just wait until the end of the year prices will usually be very expensive when there is good news.
legendary
Activity: 2296
Merit: 1038
Leading Crypto Sports Betting & Casino Platform
November 07, 2018, 04:02:51 AM
Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.
maybe you need to visit my thread here

I'm not a good expert and trader, but I don't think bitcoin will go to the moon this year, even though there are increases that won't last long, I don't want to talk much, hopefully it helps you
hero member
Activity: 1036
Merit: 500
November 07, 2018, 03:50:44 AM
Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.
The only answer is that the big whales want it this way! I have high hopes for next year though, price manipulation is the real thing!


It is quite possible that big payers are cashing out early and making profits. they would be buying in 6k range and when it reaches a certain level they would be cashing out rather than holding it for long term which previously it could have happen. Due to which price is not rising easily above 8k.

They are always trying to do it and most of the times they achieved their targets. Whenever things are not getting smooth in market, there must be a game behind the bars and under the table. This game can be on individual basis but mostly it is a collected effort to sabotage the highness of market. They start invading in the pole mind and compelling them to sell by making panic in market.
sr. member
Activity: 882
Merit: 282
November 06, 2018, 03:08:42 PM
Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.
There were serial of events that happened before we are seeing the current bearish situation.  Bitcoin has made a significant growth last year and the current popularity is having now was due to the bull of last year.  However,  it must made corrections as bitcoin cannot continue going up and likewise continuously going down.  We have to see the current market conditions as an opportunity to buy and sell maybe somewhere in 2020 or 2025.
member
Activity: 490
Merit: 28
November 06, 2018, 04:01:03 AM
Bitcoin prices are currently falling and stable below the price of $ 8k because in my opinion the price of bitcoin is influenced by the existence of very high demand and also influenced by the news in some media that talk about the badness and superiority of bitcoin.
The supply and demand is usually the cause of price deepening but as to what causes to abundant supply has many factors, of it is the trust of the investors, because of security breach the are lots of scamming happening, governments policies against crypto currency and the economic situation. All these factors may affect the prices depreciation.
hero member
Activity: 2408
Merit: 550
Leading Crypto Sports Betting & Casino Platform
November 06, 2018, 02:59:31 AM
Bitcoin prices are currently falling and stable below the price of $ 8k because in my opinion the price of bitcoin is influenced by the existence of very high demand and also influenced by the news in some media that talk about the badness and superiority of bitcoin.
sr. member
Activity: 1512
Merit: 316
November 06, 2018, 01:13:56 AM
Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.
The only answer is that the big whales want it this way! I have high hopes for next year though, price manipulation is the real thing!


It is quite possible that big payers are cashing out early and making profits. they would be buying in 6k range and when it reaches a certain level they would be cashing out rather than holding it for long term which previously it could have happen. Due to which price is not rising easily above 8k.
jr. member
Activity: 98
Merit: 2
November 06, 2018, 12:57:43 AM
Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.
The only answer is that the big whales want it this way! I have high hopes for next year though, price manipulation is the real thing!
full member
Activity: 420
Merit: 100
November 05, 2018, 11:47:09 AM
Bitcoin prices are stable below the price of $ 8k because maybe there is no good news that can trigger an increase in the price of bitcoin so that Bitcoin feels very difficult to be able to increase prices.
member
Activity: 378
Merit: 10
November 05, 2018, 10:54:00 AM
I heard some big holders has released their BTC in big amount, this is causing the supply increase while demand is still remain. As economic rule, increasing supply while demands is still less then the price should be decreased.
This is the real scenario of this technology we need mass adoption to increase the demand of bitcoin and if that will happen price manipulation will minimize as those whales will lost the control of the market.
sr. member
Activity: 686
Merit: 250
November 05, 2018, 09:54:43 AM
This seems to be due to the influence of the prohibition on the use of bitcoin in several countries, which makes the condition of bitcoin prices fall and the price of bitcoin becomes very cheap as it is today. I hope the price of Bitcoin will be able to recover prices.
The ban has been around for quite some time since the bitcoin fever of 2017. The bitcoin price should have rebounded if it had been affected by the ban, but it hasn't come yet, so this is probably not the case.
Maybe we need a lot longer. Bitcoin is still adapting and as we know that some countries still have not made a decision. When Bitcoin is getting familiar, I am optimistic that the government will make a positive decision and they will make a rule about using bitcoin. That is important and someday the price of Bitcoin will reach a much higher record. We are patient enough and wait for all that to arrive.

Bitcoin is a future and a significant increase will occur in the future.
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