Topic: Why the Bitcoin is still down? - page 2. (Read 5124 times)
It's not going down rather than it's really stable by this time although we still have no sign when the bull market is coming or even to $10k because having price in that range($8k) just makes investor become worried to even invest because they thought it would keep dumped afterwards.
I Don't get it Why the btc price swinging between 7000-8500??
Why Can't the btc price to Go straight forward Up?
Other alt coins not better either!
Why Can't the btc price to Go straight forward Up?
Other alt coins not better either!
Manipulation is one of the factors why the bitcoin is still down, by using technical analysis; you can read the chart and you can know why the bitcoin is still down. It's price is still consolidating in its area of value but there is a trigger that it will going to breakout soon.
China banning cryptocurrency and mining bitcoin is also affecting the market, if you've heard the news about the mining company that was on fire week ago, you will also add it up why Bitcoin price fell a couple of days ago too, miners mine Bitcoin by solving algorithms and block that is why they play an important role in the bitcoin industry, however, we still don't know when will Bitcoin's price go back to $20,000 again or more.
what is the another ways to lifted up the Value of bitcoins in the market?
Even if you are rich I think you can't lift the price of the BTC up again. predictions happen all day and many of most popular people have positive outlook for btc and wanted also to lift it up but with that they actually gave profit to small investors thanks to them. but for now we cant ever lift it because of market manipulators. big whales are always right there watching it by seconds. Us too, don't fall behind. do something to gain.
Because the unpredictable bitcoin movement makes the holders hesitate and then sell it when it goes up a little or get a little profit, we have to convince them that bitcoin will reach the highest price if everyone continues to hold it and try to convince everyone to buy or adopt bitcoin and it will increase bitcoin.
and don't easily believe bad news about bitcoin that scares you and sells it at the wrong time, and tries to find out the truth so that you become wise.
and don't easily believe bad news about bitcoin that scares you and sells it at the wrong time, and tries to find out the truth so that you become wise.
Bitcoin still down with many investor not take action to buy or invest money with bitcoin, they still watching with drama what happen bitcoin at the next few days after reject by SEC, if not have anything effect maybe they will get back for bitcoin investing and buy bitcoin, price of bitcoin will raise up for few days later with investor have back to make investing with bitcoin, maybe better you can wait few days for how bitcoin situation to invest and waiting good news with bitcoin.
We are down because people sold the news for bakkt launch. And in technical analysis, we broke down the descending triangle. Nothing to do to make it go up again, market acts rationally so the trend is showing upside, we just need time.
I heard that during the initial few weeks, Bakkt attracted only a fraction of the investment that was originally expected. But still, I don't think that it played a large enough role during the recent slide in the exchange rates. My suspicion is that the recent senate hearing over Libra and the rumors of PayPal pulling out of the project might have played a larger role in the recent downturn.
I do not consider that bitcoin price is down cause when i started in bitcoin the price is only 200$. The current is price still high compared to that year. And i guess bitcoin will hit 5000$ by mid of this year.
If you had gotten it from 20k, what would you do? It does not mean that if you met BTC at $200, it did not fall. So, the price is always volatile and the current price is very down, and dropped a lot compared to 20k. Although we saw that bitcoin is just $200 on its early ages and having a price right now about $8000 we can say that it dumps really big compare from the $20k price of year 2017.
Bitcoin need good news to get back for bitcoin with higher price, now bitcoin still down because nothing update about bitcoin become legal transaction in big country, without have allowed for legal bitcoin transaction impossible we can see bitcoin will be higher price again at the future and keep down trend.
Manipulation is one of the factors why the bitcoin is still down, by using technical analysis; you can read the chart and you can know why the bitcoin is still down. It's price is still consolidating in its area of value but there is a trigger that it will going to breakout soon.
what is the another ways to lifted up the Value of bitcoins in the market?
I believe that bitcoin was not down like what you have said. The only problem was the adoption. The more people buy btc the more chance that it will pump. It just like the basic law of supply amd demand. On the other hand what can we do? Well definitely we should advertise it and spread the word of bitcoin. Support its projects and use it in our daily life. Adoption was the key.
It's been a week that Bitcoin is dumping so hard continuously and there is a speculation that this price would keep dump in the next few days because of some reasons. If it's keep continuing then we will see something bad like what happened in mid 2018 till early 2019 which was really bad.
We are in corrective move from last parabolic run to 13800.
It is simply how markets work.Remember that traders are making money both way long and short
If bitcoin will defend that 7700$ in coming days then we will have very strong recovery and chance for next bull run
It is simply how markets work.Remember that traders are making money both way long and short
If bitcoin will defend that 7700$ in coming days then we will have very strong recovery and chance for next bull run
Bitcoin prices move like roller coaster and if we examine the price graph, every time they go down they bounce back with huge increase in prices. It is a strategy of bitcoin successful investors that they always buy bitcoins at low prices and without being impatient about increase, they keep it in their wallets. All newbies shall also consider this strategy right now when the prices are giving Goosebumps.
The strategy of Investors isn't as simple as that, probably.
Because as you stated, successful investors always buy bitcoin at a low price and then hold it(?), are you saying that they're directly as well as indirectly manipulating the price of bitcoin(?)
My guess is that investors as you said "buy when it's low and hold it", BUT sell bits and bits of it just to make a ripple in the charts that leads other users to either buy or sell.
what is the another ways to lifted up the Value of bitcoins in the market?
Some giant whales are uses social media to promote a good news then the price will start to play up in that qay they can slowly sell there bags. Some pump are just normal that more people are come together at the same time they buy together and that we called mass adoption.
Bitcoin price still down than last 2017 where bitcoin have raise to $15k and now bitcoin only with $8k, but for the next time I think bitcoin back again to the higher price and have good future for investor keep buy and hold bitcoin right now with lower price, I will hold and re invest with bitcoin to get higher price back.
If you will compare, just do the math by comparing the highest in 2017 and compared to the current price now. I think $15k was not the highest because last December 2017, bitcoin achieve a new ATH which was around or close to $20,000.
Compared to the current price now, its' still down more than 50% but at least that's stronger compared to how altcoins were dump.
Bitcoin price still down than last 2017 where bitcoin have raise to $15k and now bitcoin only with $8k, but for the next time I think bitcoin back again to the higher price and have good future for investor keep buy and hold bitcoin right now with lower price, I will hold and re invest with bitcoin to get higher price back.
Bitcoin price trapped below 8500$ as bears call for a drop to 6k $.
https://cointelegraph.com/news/bitcoin-price-trapped-below-8-500-as-bears-call-for-a-drop-to-6k
https://cointelegraph.com/news/bitcoin-price-trapped-below-8-500-as-bears-call-for-a-drop-to-6k
Personally, I think that mass adoption is going to push the prices up and reach a new ATH. As the supply is limited, by increasing the demand for Bitcoin is going to have a significant positive effect in its price. We should try to integrate Bitcoin as a way of payment method in e-commerce businesses at first. This is very easy and it can show results directly to the market.
That is certainly because if more and more people adopt Bitcoin on a large scale it will encourage bitcoin to experience a high price increase, because the less bitcoin supply is as expensive as it is
Bitcoin is relatively up even now. I think only a significant increase in global demand would increase the price even further. Or I guess we'll need to wait for halving to occur to strip some supply. Some 'killer app' or use case would drive the price upwards also, but maybe it's more probably with newer coins.. 
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