Quote from: Stedsm on December 30, 2017, 04:27:44 PM

Quote from: Member helper on December 20, 2017, 04:22:36 PM

Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.

Bitcoin's value has been fluctuating both sides, and have different reasons why is it so:
Firstly, "quoting" a reply of mine on this thread: Why is bitcoin price so high?

Quote from: Stedsm on December 30, 2017, 03:11:52 PM

Quote from: richfund_Pe on December 08, 2017, 02:06:29 PM

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Can't be called a bubble but an unexpected spike that was never seen or thought of before.
Reasons why it went up so high:
- Bitcoin gained traction after it surpassed its previous ATH during the beginning of 2017.
- Seeing the spikes, everyone joined the train and went with the flow.
- Afterwards, according to the plans, a "season of forks" came into action. BCH was announced and to get more of what they were expecting from their free money, they started pumping in more cash in Bitcoins.
- Value spiked to more than 20 times in a year itself because of total number of users getting added daily broke records everyday.

Now, telling you the reasons why it's decreasing:
- Bitcoin's adoption has spiked to an all new level that was never thought of, and there increased the number of such users too who "sell in panic".
- It's holiday season as well as New Year coming, it was obvious that the value was about to shrink.
- The "season of forks" has now stopped.
- Transaction costs increased and speed decreased.
- Finally, value rose 20 times, but if you see it as a drop from that level, it's not even down 50%.

Well, can you be sure that next year Bitcoin will again go to the games? To date, it became clear that the intense surge in the price of Bitcoin was just a confluence of certain circumstances that influenced pricing. But What can we expect in the near future?