Is Bitcoin nosedive drop making it unreliable?

Martinsx1 Level 1

November 21, 2018, 5:39 am

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Is Bitcoin nosedive drop making it unreliable?

Bitcoin is taking a nosedive lately with the price per bitcoin dropping as low as $6,550. What is really happening to the blockchain technology behind bitcoin? Is it still advisable to invest in Bitcoin? Will this nosedive keep dropping or will it change soon?

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Kakashi2020

Kakashi2020

I really thought that Bitcoin would post a rally this last quarter when it was appreciating for a week in the $11.5K level. I was surprised to learn of its sudden depreciation to the $10.5K level and now to the $6.5K level. This suggests that Bitcoin is really unpredictable.

6 years ago

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stbrians

stbrians

Bitcoin happens to be the mother of all cryptocurrencies. When it drops, it pulls down the other crypto. Likewise when it rises. The currency is quite unpredictable. I dismissed it a long time ago.

6 years ago

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Jelineex

Jelineex

Yes, a lot of news are happening on bitcoin. It seems lost on it's purpose. It has a wide scope that I barely don't understand. It seems like trading but I find it difficult to digest. I guess, it's better to leave it in peace.

6 years ago

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Alymae

Alymae

True. I read some articles that predicted that there will be a rise of bitcoin in the last quarter but the opposite happened. Bitcoin is still continuously going downhill. We cannot really predict if it will go up or down since bitcoin has experienced highs and lows again and again. I read some articles stating that there will be a rise of bitcoin in the year 2019. Nobody knows what will happen in the future, we just have to wait for next year.

6 years ago

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stbrians

stbrians

Maybe hey are hanging on a strong and hoping. Is there anything they could do to make the currency rise? I do not think there is. It is just to sit and hope.

6 years ago

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stormbreaker10

stormbreaker10

I think as of now, if people investing in bitcoin. They need to buy now, to atleast later on if this bitcoin rise the value the higher you profiting it.

6 years ago

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jayjaydimson

jayjaydimson

Yes, bitcoin is very unpredictable, that's why a lot of investors are investing thru bitcoin.

6 years ago

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burgosmichael24

burgosmichael24

That's life. Sometimes you're up, sometimes you're down. I can say that it was quite natural for a newbie in trade markets to grow up high or go down low. Established businesses have a slow but consistent growth.

6 years ago

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Franzel2oo

Franzel2oo

For a time now the skeptics have been pessimistic about bitcoin. Many predicted and still predict its complete fall. On the other side, those who are hopeful of the bitcoin market predict a sudden high rise in the price per bitcoin. When you take a look at the history of trading currency (be it crypto or fiat) any one of these people could be right. Expert traders will predict using a certain number of tools how the market will go within a certain period of time, but they too could be wrong.

If you are asking whether it is wise to invest, you should remember that the golden rule still remains: "Invest only money you are prepared to lose". For you can either win big or lose big.

6 years ago

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stbrians

stbrians

Bitcoin was predicted to jump up to $150,000 this year. It only went to the $28,000 and then kept dropping. Those thinking it will raise are those who base it on past records. Am skeptic about that.

6 years ago

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jayjaydimson

jayjaydimson

Well, yes it can happen if a lot of people are kept on investing in bitcoin.

6 years ago

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Youngshark

Youngshark

I think it is pretty normal for it to face such issues and since it is a strong currency it is set to survive and come back even stronger. If you buy some at this low point then you may get some great returns. Don't put all your money though.

6 years ago

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theresajane

theresajane

This is why I'm still hesitant to entrust my money on Bitcoin. It is very unpredictable and entering Bitcoin alone is a great risk and challenge. Well, I'm still thinking, and I hope that in the future it becomes stable.

6 years ago

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Barida

Barida

It is a business for those that has got the heart to trade on it. This is something that I believe that is realistic when we talk of trading on coins and all that.

6 years ago

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stbrians

stbrians

@theresajane Do not entrust your hardearned money on bitcoin. It will disappoint you. Many have lost heavily on the bitcoin investment.

6 years ago

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theresajane

theresajane

Every news about Bitcoin really frightens my scared cat self. I guess, I will really not change my mind for the next ten years. I don't know what happens in the future though.

6 years ago

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Jelineex

Jelineex

There have been a lot of news about bitcoin and they say it's a scam. It has a similar concept of networking when it comes to investment. When you are a lined with the scammer then you will likely to be affected. Bitcoin has a lot of positive and negative reviews. It's good to know and understand before venturing to bitcoin.

6 years ago

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stbrians

stbrians

Bitcoin may either rise, stay where it is, go to low or crash completely. You cannot predict. It changes like change itself. Enjoy the better if it is here.

6 years ago

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Jelineex

Jelineex

@stbrians Yes, it's a risk to consider. It's not easy to be brokenhearted especially when it comes to money. There will more sacrifices. It's always best to do research and know the subject before deciding. Always take time to protect oneself and don't be deceived by those promising words.

6 years ago

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amelia88

amelia88

I’m not a risk taker at all when it comes to investing - I would always rather opt for the sure thing. I’m just not ready to risk my money on something so volatile right now, so I totally get where you’re coming from.

6 years ago

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Corzhens

Corzhens

We are on the same boat because I cannot trust crypt currencies for now due to the lack of trust in the market. Now the value is high and tomorrow the value dives so low that you seem to lose money. I don’t think that the Bitcoin is a good investment. I would rather put my money on some other commodities like gold and jewelry items that will surely appreciate in value over time.

6 years ago

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Barida

Barida

The advise that I will give to anyone that is yet to invest in the coin is not to do so. The reality is that we are not sure of whether it is going to keep depreciating in price or if there is going to be a hike soon. The business of cryptocurrency is that of bravery and nothing more.

6 years ago

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stbrians

stbrians

The crypto secret is in blockchains. I di not know the algorithm they used to increase the price of crypto. Now it is dropping and I do not know the magic they will use to skyrocket the bitcoin.

6 years ago

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theresajane

theresajane

It really is uncertain whether you'll be successful in this field in the future or not. So, as of the moment, let's just be in the safe side.

6 years ago

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burgosmichael24

burgosmichael24

You can't win without taking the risk. Well, that's life. Actually, I don't have any cryptocurrency investment as of today. Not because I don't believe in bitcoin or in any cryptocurrency but because I don't have enough knowledge to play in the trade market. You can win big or you can lose big. It's one way or the other.

6 years ago

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stbrians

stbrians

Not on crypto. You will be disappointed. I have dealt in crypto for about two years now. When I cry foul then it is foul.

6 years ago

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jayjaydimson

jayjaydimson

I have used bitcoin before and I didn't think that it will grow that big in the past years.

6 years ago

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Youngshark

Youngshark

I have always wanted to join this platform and I think that every moment I wait is another wasted since it keeps growing.

6 years ago

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stbrians

stbrians

What can you say now? Will they appreciate again or depreciate more till the final crush?

6 years ago

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mcnasci24

mcnasci24

This investment fever for cryptocurrencies, especially Bitcoin, looks more and more like a pyramid: while those who entered first stay with the profits, the last ones are risking all their capital. I withdrew all the money I had invested in Bitcoin months ago, and I couldn't be more relieved I did. These plunges are becoming more and more common in cryptos.

6 years ago

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stbrians

stbrians

I agree. It is like a pyramid scheme. The first people benefit and those who follow lose out.

6 years ago

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stbrians

stbrians

Cryptocurrency came and it was as if it was the easiest way to earn money. Every Tom and Dick wanted to invest there. Then something happened and bitcoin and others are falling. It does not seem as if they will rise again. At $6,500 really that is low.

6 years ago

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amelia88

amelia88

I don't know that I'd personally invest in it at this point - I prefer investments that are more stable overall and this is one that I don't think has that level of reliability. It may stabilize in the future but right now I think it's just too volatile and risky. Just my two cents!

6 years ago

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anyone01

anyone01

Fluctuation in bitcoin price is ruled via a simple common sense. Whilst too many human beings begin buying bitcoins, the demand increases. However, while the demand reaches a saturation point because of the ban in a few nations or people lack willingness to pay the then charge, the charge of bitcoin falls. While it falls, human beings speculating further price cut back promote off their coins to mitigate any similarly losses.

6 years ago

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amelia88

amelia88

There was such a buzz about it last year and I felt like everyone I knew was buying into it. A lot of them got burned. Glad that I didn’t test it out for myself - I’d rather save my money for a sure thing than a risky venture.

6 years ago

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esteban123

esteban123

I think that is the nature of bitcoins to have an unreliable and unpredictable value which is really good for trading purposes. Many people are thinking twice to invest on bitcoins because of the sudden fluctuations in its price which is something that they considering about.

6 years ago

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amelia88

amelia88

I think some people really like the chance of a high risk, high reward scenario. For me though, it makes me anxious! I think sometimes investing is like gambling. Some people are more prepared to take chances and others much rather playing it safe.

6 years ago

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esteban123

esteban123

@amelia88 I think it is just natural for some people to play safe for their investment especially when it deals about some cryptocurrency because we all know about its nature that is why we cannot stop them from doing that way. It is good to know that there are some pole who are risks taker and willing to risk anything just to earn a bigger amount of profit because they are very rare nowadays.

6 years ago

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beerthooyah

beerthooyah

I bought a Bitcoin yesterday because it's price as depreciated and thinking that soon prices will go up. I'm very optimistic that the price of Bitcoin will go up in the coming months in order for me to earn money from it. Its part of the risk an investor but I wonder what made its prices go up or down.

6 years ago

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esteban123

esteban123

It is good to buy some bitcoins when the price of it decreases and then sell it when the price went up since for sure we will make a profit from it. I had been trading before some bitcoins and really manage to earn a few profits on it which is really good because you will just need to wait for the right time before making any trading.

6 years ago

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jpk0007

jpk0007

Well the investments in Bitcoin have been always full of risks and therefore have been giving great returns to those people who had invested in it very early. The recent deep in the value of Bitcoin is quiet considerable. However it has not brought the level of enthusiasm in Bitcoin investors. Many people are looking at this as a great opportunity to invest more in the Bitcoins as they believe that eventually there will be a good recovery in the value of bitcoins which will result in huge profits.

6 years ago

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Kakashi2020

Kakashi2020

When people are saying unreliable that means it could be an elaborate scam or hoax and it's price is being manipulated by the ones who have commissioned it's creation.

6 years ago

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gutzman

gutzman

Bitcoin offers you a true good to be true promises. It sometimes really does the trick though and sometimes not. It could be a form of investment but it's very unstable. It's like you are gambling. It is still your decision though if you want to try it out or not but if you are up to something that will make you earn or raise your money in a more stable way, I don't think it is advisable unless you have enough knowledge on how bitcoin works.

6 years ago

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ajahcuizon

ajahcuizon

I agree. Cryptocurrency is very confusing for those people who doesn't have enough knowledge about it. They can be a victim of scams and hackers. Investing in bitcoin has a very high risks because we cannot get ahold of the money that we could earn. Better to study it first before taking risks of investing into it.

6 years ago

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NerdIndeed

NerdIndeed

In all honesty, nobody knows. Bitcoin or any cryptocurrency out there is more like stocks. You'll never know what the future holds and like any other investment, it might go up or down based on supply and demand. Let's all hope that it goes north so that a lot of people will celebrate. All the best!

6 years ago

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Kakashi2020

Kakashi2020

The price if Bitcoin is going down, its currently at the $6.3K range. The question is would it go down further? Or correct itself and level off. I do think that a major rally is out of the question for this year.

6 years ago

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cmoneyspinner

cmoneyspinner

If you think of bitcoin currency the same way you view the accepted forms of currency, then you'll come to expect the ups and downs and just ride the wave. That's what I keep telling myself. LOL.

6 years ago

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ajahcuizon

ajahcuizon

I don't think this is the right time to invest in any crytocurrency. Since there are a lot of hackers and scams out there, people tend to lost their trust in cryptocurrency making its value to diminish. I just hope that they could come up with a solution on this issue.

6 years ago

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TheInsaneSakif

TheInsaneSakif

I don't mind the negative attitude that majority of the people have towards Bitcoin and other cryptocurrencies as of like. We have yet to grasp the full potential behind this revolutionary technology. I do however think that cryptocurrencies will change the way how we look at money in the upcoming future. Therefore, even if Bitcoin has lost tremendous value over the last couple of months, you never know when the price might hike up again. Now I'm not advising anyone to invest in Bitcoin but I want them to educate themselves first, learn the pros and cons, and then make a decision to invest.

6 years ago

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Janie1994

Janie1994

Bitcoin isn't going away anytime soon and will be around for the future, especially now that it's becoming more legitimate and not just the currency used in illegal operations. There's so many other things going on in the world that I'm not surprised its been volitile. I would wait to see what happens in the next quarter before starting to worry too much.

6 years ago

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Corzhens

Corzhens

I have read a news item that Bitcoin and some other currencies are dropping in value that there are predictions of the end of crypto currencies. China had stopped their mining of Bitcoins. But I don’t think crypto currencies will go out of style because it is actually just the beginning of its existence. I think the volatility of the value is part of the growing pains. For the question about investing in Bitcoins while the value is low, I don’t think it is a good idea.

6 years ago

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luv2xacosta

luv2xacosta

i have tried using bitcoin last year and it just disappoint me. So I just uninstall it on my phone and never use it again.

6 years ago

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Jeane

Jeane

I've heard rumors that many governments are scared of what will happen if more people start using cyptocurrencies. It will be used to fund illegitimate activities the "reactionaries" say.

There is a war - rather secret- being waged against cryptocurrencies by numerous governments so a drop in bitcoin value could indicate who is winning this battle. There is no way I can back my claims but it appears, the more volatile bitcoin is, the less reliable it will be deemed to be and as a result fewer people will be willing to use it.

Is it the right to time to buy bitcoin? Probably it will rally once again so yeah, if it is money you can afford to lose, buy some bitcoins and hold onto them until the price shoots up again.

6 years ago

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Bravosi

Bravosi

Yup, it does. It scares off people.
I was among the people who wanted to buy bitcoin lately (I know I'm late), but seeing this drop I just won't ever even dare thinking about cryptocurrecny. It's way too unbalanced and unpredictable.

6 years ago

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overcast

overcast

Bitocoin has taken the nosedive plus there are people who got their bitcoin funds hacked. And there are some of the cryptos which are being used for the money laundering. And that goes to show you that there seems to be less reliable way to work things out. I have noticed that it's better to not worth putting the money into this anymore. Because it will go things wasted so better avoid crypto next year in 2019.

6 years ago

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esteban123

esteban123

The price of the bitcoins now is dropping at very lowest price and I see that we can make a good opportunity to make a profit out of these through trading. We only need to buy for now a big amount of bitcoins so that we can later sell it to have a profit if the price of the bitcoins goes up already. It is a good opportunity now to invest if we only have a huge funds for it since it is a sure profit afterwards.

6 years ago

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Judas2018

Judas2018

Bitcoin will always have issues because as a cryptocurrency people don't trust it. Its rise is not coming anytime soon. People thought cash and coins would be dead and buried by now, replaced complete by credit and debit cards. But here in America for example, many local shops will only deal in cash. Cash isn't dying anytime soon. So the people who believe bitcoin is going to replace cash and plastic in the near future are kidding themselves.

6 years ago

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esteban123

esteban123

i think I would still stick to bitcoins since I am enjoying it and making some profit in it despite of having some decrease in its price and value for now. I would continue to use it for different purposes because it gives me a lot of benefits and convenience.

6 years ago

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rlpzbeermoney

rlpzbeermoney

Cryptocurrency has always been unreliable. It's volatile in nature. In a single day, it can rise and drop a few thousands without any warning. Lots of mining farms have shut down following the Bitcoin crash and I guess that it's going to take a long time for Bitcoin to recover.

6 years ago

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esteban123

esteban123

I think that bitcoins have that nature of becoming risky and volatile when it comes to its price and value and we have nothing to do from it as of now. I am just hoping again that the price of the bitcoins would increase again in the coming weeks or months since I have invested some good amount from it since I am into trading of bitcoins.

6 years ago

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jaymish2

jaymish2

I’m normally quite a positive person and I like to predict good things.However my friends I’m here to tell you stay away from bitcoin, or invest only money that you can afford to loose. Last year by this time the price of bitcoin was at 16,000 dollars and in december it was upto 19,000 dollars. Bitcoin is at 4000 dollars and I don’t see it rising much further. The regulation around bitcoin from different countries can only cause it to drop further.

6 years ago

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burgosmichael24

burgosmichael24

Bitcoin is unpredictable and that makes it unreliable for some. If you have your investment on Bitcoin let them stay there and hope that the price will rise once again and if you don't have any Bitcoin investment yet, better stay it that way.

6 years ago

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mhingnhormz

mhingnhormz

Is Bitcoin nosedive drop making it unreliable: In my case, I am not a risky person interms of this especially if it is involves in my earned money for me it is also consider as bet and i don't ever try to joyned such kind of investment. In this cryptocurrency we don't have any clue where it goes up or down or when is the best time to invest. But i have a paln to try that bitcoin but not investung my own earned money but to the bitcoins that Ive collected for free in the faucet but not now maybe if it good enough to use.

6 years ago

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jaymish2

jaymish2

I think with Bitcoin we can't tell. We will have to see where the price goes in 2019. I think that no one knows where the price is going. It may go up it may go down, I think that bitcoin is a live wire we shall have to see where it lands, until then only God knows. I'm definitely not as optimistic about it as I used to be. I think having bitcoin now is a gamble.

6 years ago

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Caguioa747

Caguioa747

bitcoin is here to stay, the price will fluctuate for some to come and as more and more retail outlets accept bitcoin so the price will fall. Effectively bitcoin is losing its novelty factor the more it becomes mainstream

6 years ago

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