Topic: Anyone else feel unsettled about recent price? - page 2. (Read 528 times)
It is very concerning that at some point there has to be a correction by how much is anyone's guess with price the way they are now there will be swathes of people holding for a couple of years. It might be that we do not people selling until that point.
This recent boost in Bitcoin is a pretty big deal, but I'm kind of worried because it happened so fast. A lot of people were saying 20k by the end of 2018, but it almost hit it this year just a couple days ago. It is weird thinking that just 3 weeks ago bitcoin was at $7000ish. This massive boom recently makes me worry that the market is being manipulated. Hopefully it is just demand and not manipulation. I just want bitcoin to remain healthy.
$20k by the end of 2018 is just silly and it has always been because it would have been a very small rise (a little more than 2x) but bitcoin has much bigger rises even if we finished 2017 with $9000-$10,000 price, it would have still been a small rise for a full year.
I agree that this rise, specially the jump to $19700 on coinbase was very scary. and as we can see it did not last at all. the price fell down back to $15000ish and I say it is still big but it seems like the market demand is still there. maybe there is some little room left to go down but that is pretty much it. there has been a lot of mainstream adoption lately after all.
This recent boost in Bitcoin is a pretty big deal, but I'm kind of worried because it happened so fast. A lot of people were saying 20k by the end of 2018, but it almost hit it this year just a couple days ago. It is weird thinking that just 3 weeks ago bitcoin was at $7000ish. This massive boom recently makes me worry that the market is being manipulated. Hopefully it is just demand and not manipulation. I just want bitcoin to remain healthy.
It's just markets being markets. During the 2013 bull cycles we saw supply dry up on the exchanges in a similar fashion. Lack of supply combined with mainstream media hype and a solid 2-year bull market? That's enough reason for a parabolic rally! The general theory with blow-off tops is "the higher it goes, the harder it will fall." It's hard to imagine losing the majority of these gains (like we did in 2011 or 2014), but I guess anything is possible. I'm definitely taking some profit off the table just in case.
The recent price of bitcoin has risen too fast. To be sure, it will have a big correction, and I hope to see it this year. If it continues to rise so rapidly, it is clear that the growth of the encrypted currency circle is very bad, because the market is full of speculation.
There is also the distinct possibility that the price curve is merely reflecting the S-curve of adoption. If Bitcoin really is like the television or the internet, then it's possible the price will continue like this until after the top of the S-curve (after mainstream adoption has occurred).
Satoshi once said that if Bitcoin caught on that they'd be worth millions....
I do too but I am afraid manipulation is out of our hands especially if this is the working of big sharks. Think about it they could have snapped up all this bitcoin in order to get ready for the futures market. I am not saying that is the case but I got linked an article recently and it kind of scared me into thinking this was manipulation. It may not be true again but have a read it is worth that I feel. https://www.coindesk.com/threat-bitcoin-futures/?utm_content=buffer0a124&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer
The recent price of bitcoin has risen too fast. To be sure, it will have a big correction, and I hope to see it this year. If it continues to rise so rapidly, it is clear that the growth of the encrypted currency circle is very bad, because the market is full of speculation.
Another point is that,Such a drastic move in bitcoin can discourage many businesses from applying bitcoin ideas. Will reduce bitcoin usage scenarios
The recent price of bitcoin has risen too fast. To be sure, it will have a big correction, and I hope to see it this year. If it continues to rise so rapidly, it is clear that the growth of the encrypted currency circle is very bad, because the market is full of speculation.
This recent boost in Bitcoin is a pretty big deal, but I'm kind of worried because it happened so fast. A lot of people were saying 20k by the end of 2018, but it almost hit it this year just a couple days ago. It is weird thinking that just 3 weeks ago bitcoin was at $7000ish. This massive boom recently makes me worry that the market is being manipulated. Hopefully it is just demand and not manipulation. I just want bitcoin to remain healthy.
Manipulation is possible if there is a conspiracy group which composed of millionaires or billionaires that they can possibly dump and pump bitcoin because of there riches and resources but still i believed this possible rapid rise up are truly normal because this was the result of continues popularity of bitcoin in which the fame is not yet in the fullest. How much more if bitcoin will be known 100% in the universe like the dollar.
I think the problem is that too many of the sk@nky wallstreet brigade and bankers have started getting into crypto. Some of these sk@nky @sswipes will obviously try their utmost to manipulate the market which every way they can. The only saving grace we have is, or what I believe at least is that the majority of the guys holding a large amount of BTC all share the same vision with regards to sticking it to the banking system and traditional fiat based economy so would steer clear from getting involved with these sk@nky wall street brigade and sk@nky bankers.
The one think that the sk@nky folks have at their dispodal is mass media and an endless supply of "sheep" who will gobble up whatever nonesense they put out on the media, this is the only way they are able to manipulate the market... create market hype and all the sheep start running to buy BTC.. then wait for a little dip and create mass hysteria by telling everyone "this is the end, BTC is going to crash" then the sheep will start selling fast... BTC price will go down... whilst the sheep obviously don't know any better...most of us know that when BTC is down thats the best time to buy... the sheep simply follow "orders" thats handed down to them by their shepherds, "mass media".
The one think that the sk@nky folks have at their dispodal is mass media and an endless supply of "sheep" who will gobble up whatever nonesense they put out on the media, this is the only way they are able to manipulate the market... create market hype and all the sheep start running to buy BTC.. then wait for a little dip and create mass hysteria by telling everyone "this is the end, BTC is going to crash" then the sheep will start selling fast... BTC price will go down... whilst the sheep obviously don't know any better...most of us know that when BTC is down thats the best time to buy... the sheep simply follow "orders" thats handed down to them by their shepherds, "mass media".
Yes i've been concerned too. The recent price pump wasn't sustainable & I always worry about the possibility of a massive correction when the price spikes like it did. The other frustrating thing is these crazy BTC bull runs always seem to suck the life out of all the alts, which isn't healthy for the overall market.
Feel the same. I considered the first jump (to 7k) as suspicious ... I have strong feeling too many speculators joined the club and big correction is inevitable sooner or later (hope I'm wrong)
This recent boost in Bitcoin is a pretty big deal, but I'm kind of worried because it happened so fast. A lot of people were saying 20k by the end of 2018, but it almost hit it this year just a couple days ago. It is weird thinking that just 3 weeks ago bitcoin was at $7000ish. This massive boom recently makes me worry that the market is being manipulated. Hopefully it is just demand and not manipulation. I just want bitcoin to remain healthy.
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