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Although bitcoins is highly volatile we can see that over the last 6 months the trend of bitcoins price is not what investors would like. It seems that bitcoin may in the future become a legitimate currency but with the trend of the price of BTC so far it is more likely to stay that way or dip further yet bitcoin has paved the way for other cryptocurrencies and this could be a major turn point for other applications that cryptocurrencies can offer.
Bitcoins will never go down to $200 dollars, maybe ethereum does have the possiblity to drop even more but for bitcoins , it will just increase its price even more in the future.
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Re: What is our assurance that Bitcoin will stay for long or forever?
What is our assurance that Bitcoin will stay for long or forever? There is a prophesy I have heard that Bitcoin will fall. Can you share some strong reasons of why Bitcoin will last?
Bitcoins will stay no matter how bad the situation of the market as long as there are still people who are interested on investing, that is the reason we should never give up on investing in cryptocurrency.
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Re: I personally think bitcoin is bullish right now.
I know people have been saying that since forever. This whole year people have been yelling ''bullish'' every day however, memes aside I truly think bitcoin is bullish. Obviously we are in a downtrend but I just find it funny when people lose their minds because bitcoin went from 7400 to 6700 in a day when in december we had $3000+ moves to the upside. No one was complaining back then huh? Technically speaking when you look at the weekly/daily chart you can see we are basically in a descending wedge which is, technically speaking, a bullish indicator. We have been forming weekly lower highs all year, however if the support area around 6000$ holds again this time, we will be in a really good position to actually break the lower highs, we would only need a 1000$~ move to break it for the first time in basically a year.
Not to mention the clear interest, governments/entities/businesses are taking in bitcoin. ETF's, Nasdq, etc etc, even if they aren't approved.
Obviously we are in this bear market so the price of cryptocurrency is bullish, that is the reason why the market is currently dropping hard or increasing since there are a lot of price manipulators today in the market.
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Re: When will the price of cryptocurrencies be stable?
I believe that this market has never been characterized by great stability, because unlike institutional markets, the crypto market has been much more susceptible to experiencing large inflows or outflows of capital according to the rumors or the emotional aspect of the investors.
And personally I do not think this will change much in the medium term, because the decentralized aspect of the market prevents it from being intervened by regulatory authorities that prevent the speculative manipulation of prices.
The price of cryptocurrency will never become stable because there are a lot of people who are investing a huge amount today and some are selling, that is the reason why the prices are drastically changing.
Is Bitcoin ready to pump? After a long wait, everyone wonders when Bitcoin will make a big pump. Many altcoins depend on Bitcoin and so it has some effect on them. So my question is: do you think Bitcoin is about to go up or should we expect a big drop?
Most of the crypto analyst are expecting for the price of bitcoins to reach 50k dollars before the year ends and that is a very good news because in this way we can expect to earn profit on december.
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Re: What is our assurance that Bitcoin will stay for long or forever?
What is our assurance that Bitcoin will stay for long or forever? There is a prophesy I have heard that Bitcoin will fall. Can you share some strong reasons of why Bitcoin will last?
We do not have the assurance and in order to determine the price in the future then we should always look at the news and you should believe on predictions because some of the people are just price manipulators.
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Re: When will the price of cryptocurrencies be stable?
I believe that this market has never been characterized by great stability, because unlike institutional markets, the crypto market has been much more susceptible to experiencing large inflows or outflows of capital according to the rumors or the emotional aspect of the investors.
And personally I do not think this will change much in the medium term, because the decentralized aspect of the market prevents it from being intervened by regulatory authorities that prevent the speculative manipulation of prices.
The price of cryptocurrency will never become stable because there are a lot of people in the corporate world who are investing a huge amount since they knew that bitcoins is much better than having a monthly salary and some are selling their coins because of their emotions so the price will always change in the market.
Why do not we do if that can be an advantage for us, investment in my opinion is very important for now, where the current economy is rapidly rising with age in this world, which is certain if we do not have savings for the future it will be difficult also our economy in the future. From following the investments from Bitcoin, we will have the means of saving for the future, which will certainly raise our financial returns as well as our living economy. It's time for us to learn now, and also work on the investment world from Bitcoin, which will get us the result, which is a success we want in this world.
Yes you should invest right now because the market prices is currently dropping in order to earn more profit in the future and if you take advantage of the current situation right now then you will be very rich when the market pumps up again.
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Re: What will actually happen if bitcoin price continue to drop?
I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?
The ones that will be more affected if the price of bitcoin keeps going down are those that need to sell their bitcoin for such a low price, so as you say miners and businesses are going to be deeply affected, also people that go through some kind of emergency and they have to sell their coins because they need the money will be affected as well, however there are ways to protect yourself, for example if the miners were smart they should have sold a lot of their bitcoin when it was very expensive that way they will have a lot of funds to keep their operations going without any problem.
People continue to invest as well when it drops since everyone wants to earn a huge amount of profit and that is the reason they only hold their coins.
I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.
The market will never become stable, the price is always moving because it was depending on demand and supply, that is the reason why we should be always patient about the market prices.
seen from the history of btc prices per year, it always rises significantly. will 2019 btc prices rise like the year before? investors have been waiting for this moment for investment. From 2009 to 2013 the Bitcoin exchange rate reached 12,000 times the increase, which is up to the price of $ 1,200 / 1 BTC (around Rp. 15.8 million / 1 BTC). Then in the third quarter of 2017, the price of Bitcoin came to an all-time high of $ 6.194 / 1 BTC (Rp. 81.7 million / 1 BTC). If we look at the total increase from 2009 to 2017 (within 8 years), the price of Bitcoin has risen by 61,940 times / 6,194,000%, a truly fantastic growth
No one can predict the market price if it will increase or decrease even more because the market is based on demand and supply, that is the reason why you should be always patient about the market circulation.
The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.
Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesnt mean it cant add value to your trading.
Most of the cryptocurrency analyst are expecting for the price of bitcoins to reach $50k dollars and that is the reason why you should hold your coins even more today.
Although bitcoins is highly volatile we can see that over the last 6 months the trend of bitcoins price is not what investors would like. It seems that bitcoin may in the future become a legitimate currency but with the trend of the price of BTC so far it is more likely to stay that way or dip further yet bitcoin has paved the way for other cryptocurrencies and this could be a major turn point for other applications that cryptocurrencies can offer.
Bitcoins will never drop to $200 dollars, the stable price in the market today is $6k dollars and all we have to do is be more patient to wait for the price to reach $20k dollars again before the year ends.
I believe that this market has never been characterized by great stability, because unlike institutional markets, the crypto market has been much more susceptible to experiencing large inflows or outflows of capital according to the rumors or the emotional aspect of the investors.
And personally I do not think this will change much in the medium term, because the decentralized aspect of the market prevents it from being intervened by regulatory authorities that prevent the speculative manipulation of prices.
The price of cryptocurrency will never become stable because we need the volatility of the market in order to earn more profit in the future.
This year , upto now is not good for crypto investors. Value of the investment is far less than previous year. We saw last year BTC went pass 19k and now it is around 7-8k. Price of btc is fluctuating. Therefore alt price also not increasing. Every investors hope the recover of market soon. But it didn't happen yet. Some experts said that it will start on june. What do you think about this situation?
The market today is already bullish and that is the reason why there are a lot of people who prefer holding their coins and we should be more patient today since we are in the bear market situation.
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Re: some of the reasons that made the bitcoin's price down
The Reserve Bank of India has restricted controlled monetary establishments from managing in cryptocurrencies, refering to the dangers included. American very rich person Tim Draper trusts that India is committing a major error by closing its ways to cryptocurrencies. As tim Draper, this will just prompt cerebrum deplete the same number of will be compelled to move to different spots, which are more crypto-accommodating.
Japan, which is a noteworthy center point for crypto and Blockchain action is confronting deficiency of programming engineers. There are comparable necessities at different spots, where Blockchain experts are sought after. This has constrained the best MBA universities on the planet to build the nearness of virtual cash and Blockchain classes in their projects.
In my own opinion, the biggest reason why bitcoins is dropping so hard is because of different price manipulators and people who are selling their coins at its lowest price due to fud.
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Re: Bitcoin market has already hit bottom for 2018
The IMF have put out a new report which is much more positive towards crypto than it was before. This is great news and encourages widespread adoption. It could mean that yes, we have hit the lowest point for BTC for 2018
I also believe that $6k dollars is already the bottom since everyone is just waiting fro the immediate pump up just like what happened last december before the year ends.
Just wondering guys, you were all so confident we were in a strong bull market and would break 10k easily, looks like the opposite is becoming a reality and we're heading straight back to new lows.
It will not immediately surpass the value of $10k because we are in the bear market, just keep on holding your coins and have more patience in order to avoid selling at the lowest price.