Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: rhubygold23 on June 26, 2018, 04:10:47 AM
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I've noticed that the price of bitcoin is down now, it's probably the epic of some countries who have barred from crypto or those who are just storing their coins and do not use it so that the bitcoin demands are dropped and at the same time dropping its price.
What do you say about it? The reason for the study is that only the price of something is demand and supply so, if the demand is low then the price is low.
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It's actually due to whales manipulating the price and squeezing out weak hands. People see the price rise and say to themselves, "oh wow, BTC price is rising I will buy in and make money!" But the whales already accumulated, wait for people to FOMO, then immediately dump on them. Those same people will panic sell after seeing the price drop, and pretty much hand their money directly to the whales. Go check out the 1m candles for BTC and look at how high the volume randomly spikes. These are whales with bots testing the waters to see who is dumb enough to give them their money, and unfortunately there are lots of foolish people in the crypto world. Hell, in the world in general.
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Yes, and it keeps on dropping and still no signs of recovery and many people are in panic mode because of the losses they encountered.
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This is the moment to buy some bitcoin because it crash. When it will get back sooner or later there is a possibility that we will hardly afford its price. To lower bitcoin price is not impossible as long as whales controls the bounce of price.
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One thing we should know is that cryptocurrency in a whole is volatile. This is not the first time Btc has fallen. It does happen and it gets back on its feet anytime it happens. What I don't understand is why people panic during moments like this and they begin to sell their Btc probably for the fear of losing thwireless investment. I will say that in cryptocurrencies, no one loses if you understand what you doing. Even if I buy at high price and the value drops, I just have to hodl and wait till it shoots up again.
I don't see hodling to be the cause of the drop in value. When people hodl demand rather increases and a rise in valur occurs it is when people are dumping when price goes dowell.
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Everything is possible specially to influence or to manipulate the Bitcoin price movement as long that you have enough resources at your disposal like the big whales in which they can all conspire just to make a market movement. So better use to it and think a way on how we could ride with them in the market so that we could surely to earn too.
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yes its possible because of demand and supply.
Bitcoin price increases with the increase in demand or decrease in supply.
Bitcoin price decreases with the decrease in demand or increase in supply.
The demand of the cryptocurrency depends upon the
Cryptocurrency awareness With the increase in awareness of cryptocurrency among people. More people are showing interest in cryptocurrency which will result in the increase in demand. More the people will know about cryptocurrency more the chances of increase in demand of cryptocurrency.
and maybe the bitcoin price drops bc some market participants have alleged that cryptomanipulated is rampant
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nothing changes in life. as depend on one person rich and will depend . we must learn not to be hamsters.
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Lat year --that's 2017 -- there was a great bull run for the whole cryptocurrency market all because many people are so positive about the market and expecting that it will continue on rising for indefinite period of time. Then just a month after the bearish mood set in...people lost the value of their Bitcoin because many bought theirs when Bitcoin was going to the $20K level. Now, the mood is quite gloomy...and it is reflected in the market. However, many feel that this is just temporary as soon the bull can be back.