A lot of factors as to why Bitcoin has not yet skyrocketed. You know the market is unpredictable it may rise and low and it takes time to see it increasing. But as you can see in the current market there is still a good movement in bitcoin. Let's us not look only for the price rather the benefits of bitcoin can give to the users.
Topic: Why hasn’t Bitcoin’s price skyrocketed? (Read 532 times)
I think it is already flying because it has refused to go below 9,000.This is a good sign confirming that the bitcoin holders are safe with investing in bitcoin.
Bitcoin becoming a currency that everybody would use will take a lot of time. But at the moment, bitcoin is doing well if not for the fluctuation and volatility which are contributing to unstable price.
Rome wasn't built in a day. It's going to take time for bitcoin to take off in terms of becoming a currency, or global currency. I like to think of it, or compare it to the internet. It took a while to take off, and it took some time for the world wide web to be created, to terne
Bitcoin becoming a currency that everybody would use will take a lot of time. But at the moment, bitcoin is doing well if not for the fluctuation and volatility which are contributing to unstable price.
That's a tough question to answer.
I think there's still a lot of resistance for BTC prices to go up because many people had bought close to the peak. Sadly or not, it was the introduction many had to crypto when BTC was nearing its all time high and still rallying... These bags are still held and whenever there seems to be a break through resistance, it just amps up again by people taking profit from some down trends also.
BTC might have a second wave of exposure sooner or later. But I think that this is what's needed for prices to break through resistance for good this time. New money coming in the market en masse essentially.
I think there's still a lot of resistance for BTC prices to go up because many people had bought close to the peak. Sadly or not, it was the introduction many had to crypto when BTC was nearing its all time high and still rallying... These bags are still held and whenever there seems to be a break through resistance, it just amps up again by people taking profit from some down trends also.
BTC might have a second wave of exposure sooner or later. But I think that this is what's needed for prices to break through resistance for good this time. New money coming in the market en masse essentially.
Why it hasn't in 2019 or before that? At least now we have pandemic and slow economy movement everywhere but 2018 and 2019 were full of downfall markets except few weeks. Just due to recent halving, is it right to expect bitcoin prices to be skyrocketing right now? Probably the concept is right, but we must give it time to accumulate and then starts its rally. Moreover, bitcoin is obeying its four year cycle almost with all aspects. So, this year could be bullish mode in the second half but pandemic condition is making us not to conclude in concrete manner.
The 10k area should be enough for people to be grateful, why hasnt Bitcoin crashed is the constant question some asked many years and still now. Perhaps the two are in equilibrium and hence we havent moved at all. The desire to have BTC gain alot in a small amount of time is actually destructive because it represents price instability, price is not supposed to alter subtianally unless inaccurate. Even a positive gain represents volatility so we should be careful what we wish for, I'm just glad the market continues and is meeting the needs of both sellers and buyers and I hope BTC just improves its utility and so a greater population find it useful and the price is secondary to that and probably rises.
These are reasonable considerations, but they run counter to the expectations of most bitcoin users (I think these are speculators and not those people who use bitcoin purely for utilitarian purposes). I think that if in the medium term bitcoin does not show a bullish trend and closer to the ATH, then more talk will be about this, and not about the applicability of bitcoin, mass adoption, etc. no matter how successfully these areas develop.
Moving forward, Bitcoin adoption has to get stronger now.
It will become stronger than now. Bitcoin needs to wait for the right time to skyrocket, and I think right now, bitcoin is trying to reach more people to buy, so sooner or later, bitcoin price will increase. If it's not happening this month or next month, it will no problem because we have time to save more bitcoin from today. It will give us a chance to make a lot of money if we can have more bitcoin.
No need to speculate on whether BTC gets stronger or not, this has always been true regardless of market conditions. Wallet users are growing, transactions on chain AND off chain are growing. More networks of merchants and users. Less hype, more adoption, more use. These are the signs we can't ignore and they mean BTC is stronger and will keep growing stronger.
I am personally glad the price is not rocketing because when it starts to rocket up there is a concern in my mind that while the highest of highs are always good there might be terrible lowest of lows and rather being stable is better.
There is no basic reason why bitcoin should do a surprising movement now and it is moving currently on a sideways. However, the next breakout is going to be a big one. If it is going to go up it might go as higher as 12,500 and likewise if it is going to go down it might get lower to $6500.
Moving forward, Bitcoin adoption has to get stronger now.
It will become stronger than now. Bitcoin needs to wait for the right time to skyrocket, and I think right now, bitcoin is trying to reach more people to buy, so sooner or later, bitcoin price will increase. If it's not happening this month or next month, it will no problem because we have time to save more bitcoin from today. It will give us a chance to make a lot of money if we can have more bitcoin.
No need to speculate on whether BTC gets stronger or not, this has always been true regardless of market conditions. Wallet users are growing, transactions on chain AND off chain are growing. More networks of merchants and users. Less hype, more adoption, more use. These are the signs we can't ignore and they mean BTC is stronger and will keep growing stronger.
It will become stronger than now. Bitcoin needs to wait for the right time to skyrocket, and I think right now, bitcoin is trying to reach more people to buy, so sooner or later, bitcoin price will increase. If it's not happening this month or next month, it will no problem because we have time to save more bitcoin from today. It will give us a chance to make a lot of money if we can have more bitcoin.
We need to understand that the market is in a very critical situation right now where everyone is not sure where to invest and which asset they should divest and that is the primary reason why people even if they want to invest with bitcoins they are taking measures by not going all-in and investing smaller amounts because covid-19 has made a hoax among people that it might end all the trades in coming time.I think the price is not going to bloom until the situation is more clear and there is a vaccine being developed that gives people assurance of their safety because no matter how professional we get the safety and well being of ourselves is still the highest priority.
I don't hope the price is going down for the rest of this year because we already at a price now, and people seem to wait for the next step that bitcoin will do in the market.
The 10k area should be enough for people to be grateful, why hasnt Bitcoin crashed is the constant question some asked many years and still now. Perhaps the two are in equilibrium and hence we havent moved at all. The deserve to have BTC gain alot in a small amount of time is actually destructive because it represents price instability, price is not supposed to alter subtianally unless inaccurate. Even a positive gain represents volatility so we should be careful what we wish for, I'm just glad the market continues and is meeting the needs of both sellers and buyers and I hope BTC just improves its utility and so a greater population find it useful and the price is secondary to that and probably rises.
What we are having right now with btc price is already great, despite of the pandemic btc survives and slowly pushing thru. If you are a long time user, you will not wish for btc to skyrocket at a very short period of time as it is quite dangerous. The sudden fall is imminent if that happens. This slow increase is better than steep increase. And also, wish for more people and shops to use crypto so it will drive more adoption and so is demand in the market.
The 10k area should be enough for people to be grateful, why hasnt Bitcoin crashed is the constant question some asked many years and still now. Perhaps the two are in equilibrium and hence we havent moved at all. The desire to have BTC gain alot in a small amount of time is actually destructive because it represents price instability, price is not supposed to alter subtianally unless inaccurate. Even a positive gain represents volatility so we should be careful what we wish for, I'm just glad the market continues and is meeting the needs of both sellers and buyers and I hope BTC just improves its utility and so a greater population find it useful and the price is secondary to that and probably rises.
Health would be always the main priority and survival thing which is just normal for people to think about.
Investment would always fall in second in line but actually we cant really tell if this had been the main reason
but we can presume out since we are having the same feeling specially now that we are on the middle of pandemic situation
Why bitcoins price hasnt rocketed? This had always been a question even we arent experiencing a pandemic theres always been had a case to be like this where price is stagnant for a long time being and doesnt show any signs of increase or whatsoever.For now we dont have any choice but to observe
on what would be the next possible move of the market.
on what would be the next possible move of the market.
Base on the trend on 2016 halving, Bitcoin has been gradually increasing every month in the post halving.
And, of course it's not gonna be the case this year, but Bitcoin has been doing well maintaining in a $9,000 region amidst the world crisis. So, most probably the pandemic and global economic crisis is depriving Bitcoin to skyrocket.
I know Bitcoin has been created during the 2007-2009 global economic recession, but this time is different because the recession ties up with the national health security which is the most important matter above all.
Some businesses closed, workers can't go to work, some are in skeleton schedule, how else do we expand the Bitcoin adaption if people doesn't have enough money to buy Bitcoin due to this pandemic.
Moving forward, Bitcoin adoption has to get stronger now.
It will become stronger than now. Bitcoin needs to wait for the right time to skyrocket, and I think right now, bitcoin is trying to reach more people to buy, so sooner or later, bitcoin price will increase. If it's not happening this month or next month, it will no problem because we have time to save more bitcoin from today. It will give us a chance to make a lot of money if we can have more bitcoin.
I think the price is not going to bloom until the situation is more clear and there is a vaccine being developed that gives people assurance of their safety because no matter how professional we get the safety and well being of ourselves is still the highest priority.
but we can presume out since we are having the same feeling specially now that we are on the middle of pandemic situation.Why bitcoins price hasnt rocketed? This had always been a question even we arent experiencing a pandemic theres always been had a case to be like this where price is stagnant for a long time being and doesnt show any signs of increase or whatsoever.For now we dont have any choice but to observe
on what would be the next possible move of the market.
Moving forward, Bitcoin adoption has to get stronger now.
It will become stronger than now. Bitcoin needs to wait for the right time to skyrocket, and I think right now, bitcoin is trying to reach more people to buy, so sooner or later, bitcoin price will increase. If it's not happening this month or next month, it will no problem because we have time to save more bitcoin from today. It will give us a chance to make a lot of money if we can have more bitcoin.
I think the price is not going to bloom until the situation is more clear and there is a vaccine being developed that gives people assurance of their safety because no matter how professional we get the safety and well being of ourselves is still the highest priority.
Moving forward, Bitcoin adoption has to get stronger now.
It will become stronger than now. Bitcoin needs to wait for the right time to skyrocket, and I think right now, bitcoin is trying to reach more people to buy, so sooner or later, bitcoin price will increase. If it's not happening this month or next month, it will no problem because we have time to save more bitcoin from today. It will give us a chance to make a lot of money if we can have more bitcoin.
No need to speculate on whether BTC gets stronger or not, this has always been true regardless of market conditions. Wallet users are growing, transactions on chain AND off chain are growing. More networks of merchants and users. Less hype, more adoption, more use. These are the signs we can't ignore and they mean BTC is stronger and will keep growing stronger.
Moving forward, Bitcoin adoption has to get stronger now.
It will become stronger than now. Bitcoin needs to wait for the right time to skyrocket, and I think right now, bitcoin is trying to reach more people to buy, so sooner or later, bitcoin price will increase. If it's not happening this month or next month, it will no problem because we have time to save more bitcoin from today. It will give us a chance to make a lot of money if we can have more bitcoin.
Not really the moment has come for Bitcoin to make another high. The current momentum show stability in the crypto prices, I don't know how the pandemic situation brought something to this bust most likely it affects the trend. However, though we can't see its surging price but look at its price for the past weeks, it still in good shape things that we can't be worried about.
Moving forward, Bitcoin adoption has to get stronger now. Though we can't see it is skyrocketed at this time but not in a way that we live like this forever. There is a perfect time for that, and I believe it to come sooner, we all just be positive for that will only help us to at ease than to worry.
The market lose its upward momentum and that is why it is doing sideways while creating lowers lows and lower highs. The trend of bitcoin is sideways so expect that the price will consolidate more. The 20 moving average and 50 moving average are resisting to the current price, if the there will be a breakout in this dynamic resistance there is a high chance of a rally but there is a resistance $10,000. The current RSI is now showing weakness because it is also showing lower lows and lower highs. There is also a resistance there at 50 so I expect that it will bounce.Moving forward, Bitcoin adoption has to get stronger now. Though we can't see it is skyrocketed at this time but not in a way that we live like this forever. There is a perfect time for that, and I believe it to come sooner, we all just be positive for that will only help us to at ease than to worry.
Not really the moment has come for Bitcoin to make another high. The current momentum show stability in the crypto prices, I don't know how the pandemic situation brought something to this bust most likely it affects the trend. However, though we can't see its surging price but look at its price for the past weeks, it still in good shape things that we can't be worried about.
Moving forward, Bitcoin adoption has to get stronger now. Though we can't see it is skyrocketed at this time but not in a way that we live like this forever. There is a perfect time for that, and I believe it to come sooner, we all just be positive for that will only help us to at ease than to worry.
Moving forward, Bitcoin adoption has to get stronger now. Though we can't see it is skyrocketed at this time but not in a way that we live like this forever. There is a perfect time for that, and I believe it to come sooner, we all just be positive for that will only help us to at ease than to worry.
So much saying why it won't? Why the price remains at $9k? Why does the market turn like this? It is never hard to accept reality, and we already know the situation things that we can't deny how it affects the market. Besides, not only the crypto market suffered for this but also in the real stock market.
We can never fix this until the crisis declines. We have to wait for a few more days to see it back to move high. There is no magic in the market, either we like it or not, the market remains like this for quite sometimes. So better not to ask "why Bitcoin's price hasn't skyrocketed yet? Because we can hold that thing to happen as it also depends on the situation.
Im not really that a fan of tagging things up from traditional markets or economic thing towards crypto market. We can say that there might be connection but not all the time.We can never fix this until the crisis declines. We have to wait for a few more days to see it back to move high. There is no magic in the market, either we like it or not, the market remains like this for quite sometimes. So better not to ask "why Bitcoin's price hasn't skyrocketed yet? Because we can hold that thing to happen as it also depends on the situation.
We have seen that markets we've known are declining but here on this place we have seen the different movement.It might be somewhat stagnant for a long time but
this isnt something new that we have seen in the past. Anticipating bitcoins price to skyrocket will just eventually a stress burden for anyone.
Need more time I guess, although there are a lot of prediction which stated that bitcoin price will reach new all time high like $100.000, $200.000 and $300.000 in a few years ahead but it is not guarantee. You can't expect that bitcoin could reach that price since we are always face many thing in the proccess to reach it, most likely in regulation factor.
Moreover, many people have known bitcoin and its price movement even the crash that has happened in 2018 maybe has made many people afraid to buy bitcoin. But we have to thinking that the supply of bitcoin is limited it means there always many chance if bitcoin is trusted again by most people then we will see new all time high. We just need to convince another people to still love bitcoin and tempting to have it.
Moreover, many people have known bitcoin and its price movement even the crash that has happened in 2018 maybe has made many people afraid to buy bitcoin. But we have to thinking that the supply of bitcoin is limited it means there always many chance if bitcoin is trusted again by most people then we will see new all time high. We just need to convince another people to still love bitcoin and tempting to have it.
So much saying why it won't? Why the price remains at $9k? Why does the market turn like this? It is never hard to accept reality, and we already know the situation things that we can't deny how it affects the market. Besides, not only the crypto market suffered for this but also in the real stock market.
We can never fix this until the crisis declines. We have to wait for a few more days to see it back to move high. There is no magic in the market, either we like it or not, the market remains like this for quite sometimes. So better not to ask "why Bitcoin's price hasn't skyrocketed yet? Because we can hold that thing to happen as it also depends on the situation.
We can never fix this until the crisis declines. We have to wait for a few more days to see it back to move high. There is no magic in the market, either we like it or not, the market remains like this for quite sometimes. So better not to ask "why Bitcoin's price hasn't skyrocketed yet? Because we can hold that thing to happen as it also depends on the situation.
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