Kate 275 #1 Posted June 6 Bitcoin is acting weird now and is scary because it was just 8000 usd day before yesterday and now its dropped even to 7800 usd and even to 7700 usd . Seems like it is gonna stabilize at 8000 usd for now before making a big move like that again. But i was thinking was this move of rise to 9000 usd just a trial and error and it was an error or do you think it was a genuine rise but dropped. What do you guys think ? Share this post Link to post Share on other sites
sypekkk 0 #2 Posted June 6 I think that baktt was make some good for price btc We must wait Share this post Link to post Share on other sites
williamsh 284 #3 Posted June 6 My theory about the rise was that it was simply a bunch of whales pumping up the price trying be ready to place a sell order. It seems like that happened. The price dropped after it hit the $9,000 level. I assume it will go down further now. Share this post Link to post Share on other sites
AHCareP 62 #4 Posted June 6 And so bitcoin is not a stable cryptocurrency, and it is clear why it behaves so strangely) By the post, I realized that bitcoin is shrinking in the market 2 times every year. This is certainly a problem for miners, but let's see it from the other side. Bitcoin for miners will be very small, then with the hype, there will be more demand for bitcoin, which means an increase in demand entails an increase in the price itself. I think that obviously there will be more than $ 20k in 2020 😄 Share this post Link to post Share on other sites
sheenaz.bay 341 #5 Posted July 1 Even though in this condition, Bitcoin is not designed to experience a decline in currency value. More precisely Bitcoin was made to experience inflation in the early years and stabilize in the following years. The only condition where the number of bitcoins in circulation will decrease is if careless people lose their wallets because they don't make a backup. With a stable financial and economic basis, the value of the currency should remain stable. Share this post Link to post Share on other sites
samelinda 0 #6 Posted August 7 I think the Bitcoin discount is due to the fact that Bitcoin wholesalers around the world want Bitcoin prices to fall. because they sold Bitcoin at a high price compared to the price they bought before Share this post Link to post Share on other sites
Eminx3 115 #7 Posted August 11 On 07/08/2019 at 09:55, samelinda said: I think the Bitcoin discount is due to the fact that Bitcoin wholesalers around the world want Bitcoin prices to fall. because they sold Bitcoin at a high price compared to the price they bought before exactly, i think you are right on the money with that. I been trying to get that point or opinion of mine (same as yours) across to people so much that i just given up trying o do so. It is refreshing to see another user with the same point of view and is outspoken about it... Cheers! Share this post Link to post Share on other sites
