Kariuki Posted February 26, 2020 #1 Posted February 26, 2020 Am not sure what drives bitcoin, because it gains and losses its price significantly, what really makes and breaks bitcoin because to me its really confusing, look at the price today , it has fallen to about 500$ over night and it might still go down, but the most of all , there is a very confusing aspect of it, probably the best way to look at it is its demand and its use, how do people actually use it, that creates demand, and what is the movement, is there any significance to it
Stevenwonder Posted February 26, 2020 #2 Posted February 26, 2020 Global markets are down so bitcoin isn’t going to go up. When one thing falls everything falls unless it’s something that is a direct remedy to a problem. You can partly blame the coronavirus.
Ali saher Posted February 26, 2020 #3 Posted February 26, 2020 I say some day before within one two weeks price change fast and mostly chance go again down, I think this price more go down like 7.5k to 8k USD and maybe 1,2 months price not go up
GeorgeFeb Posted February 26, 2020 #4 Posted February 26, 2020 36 minutes ago, Ali saher said: I say some day before within one two weeks price change fast and mostly chance go again down, I think this price more go down like 7.5k to 8k USD and maybe 1,2 months price not go up Some say it could fall to 4-5k quite soon, some guys from the Binance chat! I dunno about you guys, whether some of you having any trading positions or not, I'm not, so I'd be a happy guy to buy at 5k, regretting not buying at 6k at the end of the last year! Also on crypto Twitter some known guys think it might fall sooner, like a little treat before the halvening and after to the Moon!
evet Posted February 26, 2020 #5 Posted February 26, 2020 I believe that price of bitcoin depends on so many factors, such as demand in the market, investors, buyers, sellers, traders, fiat currencies and even price of other cryptocurrencies and alt coins. But bitcoin decreasing its value isnt that bad if you look at the other side where you can buy more of it at cheaper prize and wait for the increase in its value once again.
sahil777 Posted February 26, 2020 #6 Posted February 26, 2020 this is another fake down fall for btc from market manipulators whom are holding the big amount of bitcoin, because now they want to buy more then they will make this high again and sell their bitcoin again, this is how it works and this what they do to poor people.
Winwin12 Posted February 27, 2020 #7 Posted February 27, 2020 It is normal the bitcoin price is always increasing and decreasing it is depends on the demand in the market.if lots of investors or traders has a transaction on bitcoin and there is a huge buy of course the price will go increase but if lits of holders or investors will sell it will go down.bitvoin is a decentralization coin so i think the price is always depends on again demand in the market.
Magdsolieman Posted April 2, 2020 #8 Posted April 2, 2020 This price was amazing in that period and now it is the passion of many that everyone is waiting for the return of Bitcoin to the price of $ 9000 because it fell two weeks ago to $ 4,500 and today it creates a lot of happiness when it rose to $ 7000
Salsa Posted April 3, 2020 #9 Posted April 3, 2020 Yes this is the sad moment when btc price go down from high..in January btc price was very good around 11k but unfortunately the price go down from the middle of February as the corona effect come on stock market...the price had gone down under 5k too...
Touhid Posted April 3, 2020 #10 Posted April 3, 2020 I hope that is true, because in my opinion if market conditions continue still like this, even $6000 for bitcoin will be very difficult. we need a lot of support from users or from outside such as acceptance from large companies or countries, fortunately there is halving next year, so this issue can be a hot topic and the reason someone buy bitcoin
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