Quote from: lol1yatme on June 30, 2018, 11:26:52 AM

Quote from: kodtycoon on June 25, 2018, 08:27:40 PM

Quote from: anhchangdeptrai13 on June 25, 2018, 09:24:06 AM

What escape path for Bitcoin?
The value of Bitcoin is still very high . Some problems of bitcoin are difficult to solve as :
- Slow transaction speed
- consumes a lot of energy
- It is banned in some countries
- Price manipulated
Is there a sustainable future for bitcoin and cryptocurrency ?
Bitcoin will become the coin of payment as its purpose is created. Or is it just a game of whales? A financial game with winners and losers

Yes the bitcoin value is still high for me too, even though the market is falling. Those problems should be quickly overcome if bitcoins are the coins of the future, at least make bitcoin transactions faster and give high support to bitcoin in many countries, so I'm sure bitcoin will become stronger as well as its possible price alone will be stable and will increase faster after the fall of the market as it is now.

Most of people are talking about the main reason which is the demand rate that controls the value of Bitcoin. The current value is 6k dollar which is still a low value and the conditions are favorable for the buyers. Moreover the low value is a benefit for buyers because it is very easy to get large quantity coins on the usage of low amount. All we need is to collect large quantity coins from this market which will payoff.

This is not a low value, in fact Bitcoin has been below this value for 90% of its life (maybe more). You're comparing it to its insane all time high and concluding it looks cheap from here, while people were doing that when it fell to $15,000 and $10,000 too. Yet it continued to drop because it wasn't cheap at those levels, it was still insanely overvalued. The point is, you can't arbitrarily look at the price at any given moment and have any rational basis for whether it is over priced or under priced. This assessment is only something that becomes apparent with hindsight. You could be falling into a bull trap with this type of thinking, which is just looking at price trends and concluding that because it's fallen so much, it's about to start going up when in reality it has only paused its descent and will soon resume falling. Trading is far riskier than anyone buying Bitcoin at these levels understands or acknowledges.