Your opinion about the decline in BTC prices in 2018 - page 2.

futile-resistance

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Quote from: Chom_ on October 02, 2018, 05:11:48 AM

hi bro, how are you all hopefully we are all under God's protection, here i want to hear your opinion all about the decline in crypto prices in 2018, of course i also have an opinion about the decline in BTC prices especially, why in 2018 is the price of BTC decreasing I think that because of the increase in the number of BTC holding communities, and of course many new holders bought BTC in early 2018, because it is still new, of course they are panic about the decline in their assets, because of their panic selling low BTC prices, and in here I want to hear your opinion about this. thank you for all in this forum, hopefully healthy always

I think its comtemporary and the price will go back however the trouble with bitcoin is that it lives with the

hype and dies without the hype. Whenever there is a new "bitcoin is going to 20k!!" movement there are way to many new people and you can see on every single part of the net there are people going crazy about altcoins thinking they are smart enough to get into crypto and realize the one diamond lying there and they can find it.

Well we have been here for close to 6 years and we haven't found that and you think you did? So with the hype there comes the idiots and those idiots make the price go up and when it drops they leave and the crypto market is worse than when they found it.

naidray

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Quote from: Chom_ on October 02, 2018, 05:11:48 AM

hi bro, how are you all hopefully we are all under God's protection, here i want to hear your opinion all about the decline in crypto prices in 2018, of course i also have an opinion about the decline in BTC prices especially, why in 2018 is the price of BTC decreasing I think that because of the increase in the number of BTC holding communities, and of course many new holders bought BTC in early 2018, because it is still new, of course they are panic about the decline in their assets, because of their panic selling low BTC prices, and in here I want to hear your opinion about this. thank you for all in this forum, hopefully healthy always

I do not believe it was a "decline" I think it was a correction from what it used to be at $20k levels. Yes the prices hit $20k levels and than dropped to $6k levels however you are forgetting that bitcoin was 900 dollar levels just one and a half year ago which means bitcoin increased 7-8 times bigger since than and even before the $20k levels it was around $3k levels which means it doubled the worth, so basically bitcoin increased insanely if you just omit the $20k times.

This means 2018 was a great time for bitcoin considering even the lowest price of bitcoin was double the average of what it was during 2017 levels. Bitcoin is stable around $6k levels compared to how it was volatile in 2017. We need sustaining and slowly progressive bitcoin prices rather than being highly unpredictable.

Gaaara

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Quote from: Chom_ on October 02, 2018, 05:11:48 AM

hi bro, how are you all hopefully we are all under God's protection, here i want to hear your opinion all about the decline in crypto prices in 2018, of course i also have an opinion about the decline in BTC prices especially, why in 2018 is the price of BTC decreasing I think that because of the increase in the number of BTC holding communities, and of course many new holders bought BTC in early 2018, because it is still new, of course they are panic about the decline in their assets, because of their panic selling low BTC prices, and in here I want to hear your opinion about this. thank you for all in this forum, hopefully healthy always

As always bitcoin has its ups and down and this happens yearly and what I've learn about it is that if bitcoin is suffering the probability of it going for a higher value is above the usual having that said giving priority to bitcoin when it is being rejected is the most efficient way to have an early advantage to those who will buy after the rejection.

We've been observing bitcoin for few years and the massive fall of the overall status is normal and it is up to you what will be your reaction over it.

Rustamm

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Quote from: skovbitcoin on October 02, 2018, 06:25:04 AM

As I said before, I do not believe that by the end of 2018 we will see growth. The bull market will not return to us before 2019. But this is my personal opinion.

A certain increase in the price of Bitcoin and other cryptocurrencies at the end of the year should be in any case. The only question is how high this increase will be. The closer we come to the end of this year, the less hope we have for a significant increase in the market during this period. Of course, almost all previous forecasts about a significant increase have already melted and we hope at least that Bitcoin will reach $ 10,000 in its price by the end of this year.

Oceat

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Quote from: Beparanf on October 07, 2018, 06:01:18 AM

Quote from: Xiahouyuan on October 07, 2018, 03:22:50 AM

The price of Bitcoin is also determined by purchasing power. I think the biggest impact on the cryptocurrency market now is the fraudster, because I see too many investors leaving the market because of fraud, which makes purchasing power also reduced!

Its normal that the price fall to correct too high amount made last year, the worst part only this year is many dumped their coins due to the decline of price and many started to panic that it falls a lot and hard to recovered.

Those were newbie who sold their coins because of FOMO, but they didn't realize the importance of having an investments. Maybe they were up to something that's why they just sold out their coins and it just made the price fall even more.
People should know the risk of investing crypto currency before they jump to the risk of losing their investments, it's not a good idea.

Biscutard

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Quote from: ifinta on October 07, 2018, 07:20:18 AM

I think BTC price will be falling down to ~2500 - ~3500 USD. Next year will be BTC price falling also - I think a changes maybe in next year autumn.

Why so negative about it? BTC will rise in the later months or maybe next year, that's all. I've seen it too many times that bitcoin always dump then pump again. Pumping and dumping will always occur because it's just a temporary pump and a temporary dump every season. That's why we have bull run and bearish trend.

ifinta

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I think BTC price will be falling down to ~2500 - ~3500 USD. Next year will be BTC price falling also - I think a changes maybe in next year autumn.

Beparanf

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Quote from: Xiahouyuan on October 07, 2018, 03:22:50 AM

The price of Bitcoin is also determined by purchasing power. I think the biggest impact on the cryptocurrency market now is the fraudster, because I see too many investors leaving the market because of fraud, which makes purchasing power also reduced!

Its normal that the price fall to correct too high amount made last year, the worst part only this year is many dumped their coins due to the decline of price and many started to panic that it falls a lot and hard to recovered.

Xiahouyuan

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The price of Bitcoin is also determined by purchasing power. I think the biggest impact on the cryptocurrency market now is the fraudster, because I see too many investors leaving the market because of fraud, which makes purchasing power also reduced!

KKH84

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Quote from: wildflower18 on October 05, 2018, 10:34:07 AM

Quote from: KKH84 on October 04, 2018, 08:26:15 AM

Now that the annual cycle hasn't happened, we have to wait until the end of 2018, I'm sure the price of bitcoin will rise again but it will be difficult to break the record for rising bitcoin prices in 2017.

We have to really observe the market until this year ends with these decline of price many has the expectation to increase again. And I am into those positive mind for the sudden increase can happen during this year. Also hard to compare the previous all time high from last year and upto this year yet I am hoping for the recovery of the market.

yes of course, everyone and in this forum in particular, have great hopes that the market will soon recover from the current price slump, I'm also optimistic that this bear market will soon pass and the negative news about bitcoin will slowly fade away.

samycoin

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Well for me this decline of bitcoin is normal because it's decentralized so it's depending to what in demand in the market. Yes many people are panicking to sell but not all is their fault maybe theirs no new investor that want to invest now and one more some times the reason of panicking of the people is fud news that's why if you enter in crypto world much better to know and study everything for your own good.

joshv06

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Quote from: imapessimist on October 06, 2018, 03:38:33 PM

A lot of people are after a quick profit. And it's not looking likely they're going to get one. I feel sorry for the holders because they are waiting for something that isn't going to happen like a rocket upwards. I can't see it myself.

Yes there are unhappy investors who are waiting for the tight moment to cash out as they are waiting for an opportunity from last 9 months after investing during the peak time in December last year. To all those users who thinks that bitcoin is a vet rich quick scheme it's not gonna work that way.

Adriano2010

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I think the "decline" price drop of all crypto comes because a lot of money was cashed out from crypto, and some whales get their profits out. I think the price will start recovering, but we need to wait some time to happen. I think we can see a new bull run if old investors come again with a lot of money and grow the price and they get a again a huge profit.

imapessimist

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A lot of people are after a quick profit. And it's not looking likely they're going to get one. I feel sorry for the holders because they are waiting for something that isn't going to happen like a rocket upwards. I can't see it myself.

kentrolla

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Quote from: ribowo76 on October 06, 2018, 11:04:10 AM

I agree with the OP, that this year's price decline seems dominant because of panic. Many new people entered the crypto world this year, and when negative issues arose around crypto. They panicked, and made large-scale sales

Yes there were numerous newbies who entered the crypto market especially last December during he bullrun and it's their immaturity or lack of knowledge that they invested into bitcoin and the other altcoins when the value was all-time high and then they saw the decline and started panic selling and it's having a long-term effect of crypto market.

Chom_

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Quote from: Kemarit on October 03, 2018, 04:12:34 AM

Quote from: Chom_ on October 02, 2018, 05:11:48 AM

hi bro, how are you all hopefully we are all under God's protection, here i want to hear your opinion all about the decline in crypto prices in 2018, of course i also have an opinion about the decline in BTC prices especially, why in 2018 is the price of BTC decreasing I think that because of the increase in the number of BTC holding communities, and of course many new holders bought BTC in early 2018, because it is still new, of course they are panic about the decline in their assets, because of their panic selling low BTC prices, and in here I want to hear your opinion about this. thank you for all in this forum, hopefully healthy always

Its really hard to explain what really causes the decline o bitcoin. Its really a combination of factors like regulations and countries cracking down on bitcoin or price manipulation itself. So its going to be a struggle to even end this year with a bang. One thing though we learn from this bear market is that you really need to be mentally though not to listen to FUD's and not panic sell because it can really harm you in the end. This is a strong test for everyone, I'm sure that majority of us is not here during the bear season in 2013-2014 so we don't know how to react. So let's look at the bright side and learn a thing or two from this down trend and its time to accumulate and wait till the bull run in 2019-2020.

okay, thank you for your opinion, I hope the panic will not be experienced and can survive for this cycle, until 2019-2020, and I hope the BTC community is getting smarter to respond to things like this

jhongzjhong

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Quote from: bozo333 on October 06, 2018, 12:59:22 PM

The Bitcoin prices is not a stable value so we should not decline this year. May be all the big whales are trying to control the BTC prices so all the peoples are just moving the upcoming ways. But I hope next year we will expect and predict some possibilities.

Probably that is the reason if we compared the price last year, now so drastically down the price in the market. However, it looks like also some whales trying to manipulate the market and also those panic sellers easy to fall into the trap. So, as of now we will wait until the end of this year and sad to say at this year crypto was down and its good to invest.

bozo333

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The Bitcoin prices is not a stable value so we should not decline this year. May be all the big whales are trying to control the BTC prices so all the peoples are just moving the upcoming ways. But I hope next year we will expect and predict some possibilities.

ribowo76

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I agree with the OP, that this year's price decline seems dominant because of panic. Many new people entered the crypto world this year, and when negative issues arose around crypto. They panicked, and made large-scale sales

rickadone

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Quote from: palle11 on October 04, 2018, 11:05:33 AM

Quote from: bustedsynx on October 04, 2018, 08:27:26 AM

It's obviously a correction from the parabolic rise of Bitcoin in 2016 - 2017. It's all about market cycles. The next bullrun will bring it higher.

Price have a way of partnering with technical analysis, they are accomplices and have a way of agreeing together. The parabolic sign is stationed there when imputed to your trading platform and one way or the other, must conform. But the rise of bitcoin in December was not predicted, seen or believed even by the technicals too. Sometimes, the market goes "crazy ".

The rise in price of bitcoin in December was actually expected even though no one expected it would be that huge which the outcome of it is where we are presently. The decline was very much expected and being a bull year throughout last year, we ended up seeing a bear year, but with the way things are going and with the optimism in the market, I want to believe that Q4 is something that would bring about some good moves in the crypto space for most of the market.

Market is bound to always go crazy most especially when it is more speculative in nature, so I guess this is something we should all expect. By crazy, I also want to denote the upcoming surprises which may happen in the remaining weeks of 2018. Expect the unexpected in coming weeks.

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