Are You Concerned On Sudden Rise of Bitcoin?

wxa7115

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Quote from: Free1bitco.in on November 12, 2019, 04:49:16 AM

Quote from: Finestream on November 11, 2019, 12:55:55 AM

I should not be concern about the sudden rise because it's normal to this market.
This isn't the first time I saw a big pump, it happened many times in the past and this is what we called as market manipulation, no other explanation for that.

just bear with the market, it will pump and dump and that's alright as long as you know when to pull the trigger and make sure you will end up successful.
With proper timing, nothing is impossible.

in my opinion, an increase in price above $ 1000 in a short time is an uncommon thing, it can not be seen every day, even the price of bitcoin tends to fall from day to day even though the decline is small, and experienced a small increase to reduce it.

but I am also not sure that this is manipulation, I prefer that this is a pure increase from the results of requests and needs. I think something like that will come back in the near future this year.
if it's too late to notice an increase that occurred suddenly a few weeks ago, then you can pay attention to the increase that occurred in the future.

That growth was manipulated, when the growth is real you can see a slow increase in the price and a slow increase in the volume as well, and we saw that during this year, the growth we witnessed presented a huge increase in the volume and since then it has been going down together with the price, I do not see this changing and most likely we are heading back to where the movement started.

Then you may wonder why this happened? And I interpret this as an attempt of the exchanges to revive the market but so far it seems they failed in their objective to make the price to sustain those levels.

exstasie

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Quote from: adaseb on November 12, 2019, 12:00:20 PM

In general its not good when an asset increases way too fast and it can quickly lead to the projects death in doing so.

You need to understand that its not normal for an asset to go from $1000 to $20000 in less than a year. Let alone $10 to $1400 (ETH) or XRP which was even more parabolic?

Why? Because people will see that BTC is going up 20% everyday and think "Oh my, I need to get in on this". And you will always get late FOMOs and basically there will be massive demand on a very thin supply which is what happened back in Q4 2017. There were exchanges and Bitcoin ATMs which ran out of BTC to sell pretty much.

So these people pay these inflated prices and then it stops rising and stops dropping, losing 5% in a day, then another 5%, then another 5% and the panic of the late FOMOs starts and they start to sell. It makes no sense but its common psychology in investing and it might lead to the asset going from $20000 to $3000 or from $1400 to $80 which is what happened in about a years time.

Hence in my opinion its better if it slowly rises than parabolically because the bear markets will be brutal for most.

Slow moon is the best moon.

The ideal is a very gradual slide upwards like 2016 that eventually curves into a parabolic run. You can't avoid the eventual vertical move though. Strong bull markets simply tend towards blow-off tops. It's a matter of market psychology. Buyers front run any market that is constantly uptrending, causing the uptrend to accelerate.

adaseb

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In general its not good when an asset increases way too fast and it can quickly lead to the projects death in doing so.

You need to understand that its not normal for an asset to go from $1000 to $20000 in less than a year. Let alone $10 to $1400 (ETH) or XRP which was even more parabolic?

Why? Because people will see that BTC is going up 20% everyday and think "Oh my, I need to get in on this". And you will always get late FOMOs and basically there will be massive demand on a very thin supply which is what happened back in Q4 2017. There were exchanges and Bitcoin ATMs which ran out of BTC to sell pretty much.

So these people pay these inflated prices and then it stops rising and stops dropping, losing 5% in a day, then another 5%, then another 5% and the panic of the late FOMOs starts and they start to sell. It makes no sense but its common psychology in investing and it might lead to the asset going from $20000 to $3000 or from $1400 to $80 which is what happened in about a years time.

Hence in my opinion its better if it slowly rises than parabolically because the bear markets will be brutal for most.

Clement Kaliyar

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Quote from: Finestream on November 11, 2019, 12:55:55 AM

I should not be concern about the sudden rise because it's normal to this market.
This isn't the first time I saw a big pump, it happened many times in the past and this is what we called as market manipulation, no other explanation for that.

To consider these pumps as manipulations is easy but it is really possible to figure out which exchanges are behind these manipulations but i am not seeing those investigations coming out, since everything will be transparent in the future when the authorities strictly comply with KYC then anything you do will have consequences. I am not concerned with the sudden rise and fall of bitcoin as i am waiting for the big rally after the halving.

Free1bitco.in

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Quote from: Finestream on November 11, 2019, 12:55:55 AM

I should not be concern about the sudden rise because it's normal to this market.
This isn't the first time I saw a big pump, it happened many times in the past and this is what we called as market manipulation, no other explanation for that.

just bear with the market, it will pump and dump and that's alright as long as you know when to pull the trigger and make sure you will end up successful.
With proper timing, nothing is impossible.

in my opinion, an increase in price above $ 1000 in a short time is an uncommon thing, it can not be seen every day, even the price of bitcoin tends to fall from day to day even though the decline is small, and experienced a small increase to reduce it.

but I am also not sure that this is manipulation, I prefer that this is a pure increase from the results of requests and needs. I think something like that will come back in the near future this year.
if it's too late to notice an increase that occurred suddenly a few weeks ago, then you can pay attention to the increase that occurred in the future.

Triffin

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Quote from: logicgate on November 08, 2019, 05:32:21 AM

Quote from: BChydro on November 06, 2019, 11:39:33 AM

Quote from: jostorres on November 06, 2019, 08:01:24 AM

For now, I don’t see bitcoin actually growing past $20k this period because there are many investors that have already set their target for that and once bitcoin is getting to that, I expect the market to crash back before we start talking of picking up again, but if we are smart, we should not be seeing those fluctuation as threat, we should only learn how to work along with that, we buy when it is down and we sell when it is high.

What period are you talking about, if you are talking about the price rise before the new year then you cannot expect that much rise in a short period of time, before the options market started then we could have those rallies but not anymore, if you are thinking about the increase after the halving then it is possible to touch another all time high valuation and we could even see further rally.

We need to understand that the time left with bitcoin in 2019 is not enough for it to go for 15k dollars or more. But we shall expect it to reach 10k easily or beyond as it appears feasible to almost all market experts. But yeah as far as the coming year is concerned, we can expect a lot from bitcoin because by then there would be massive increase in the number of buyers of this crypto currency.

If bitcoin manages to reach 15k dollars by the end of 2019, then everyone will expect a lot form bitcoin in 2020. As there are few speculations about bitcoin touching 50k dollars by 2020, that could be turn into reality easily. Well everything is possible in the world of volatile crypto market but if we want to have such amazing and big results, we need to do our duties i.e. support and invest into bitcoin as much as possible.

Barbut

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Quote from: Finestream on November 11, 2019, 12:55:55 AM

I should not be concern about the sudden rise because it's normal to this market.
This isn't the first time I saw a big pump, it happened many times in the past and this is what we called as market manipulation, no other explanation for that.

just bear with the market, it will pump and dump and that's alright as long as you know when to pull the trigger and make sure you will end up successful.
With proper timing, nothing is impossible.

Every sudden rise is normal, the same is a sudden drop. People complain too much when price rise or drops, it leads me to think that many of them made a wrong trade! I'm not concerned about these fluctuations, the market has the same behavior for years. Proper timing is just a dream to many people, they have too big expectations and they are greedy.

Finestream

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I should not be concern about the sudden rise because it's normal to this market.
This isn't the first time I saw a big pump, it happened many times in the past and this is what we called as market manipulation, no other explanation for that.

just bear with the market, it will pump and dump and that's alright as long as you know when to pull the trigger and make sure you will end up successful.
With proper timing, nothing is impossible.

logicgate

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Quote from: BChydro on November 06, 2019, 11:39:33 AM

Quote from: jostorres on November 06, 2019, 08:01:24 AM

For now, I don’t see bitcoin actually growing past $20k this period because there are many investors that have already set their target for that and once bitcoin is getting to that, I expect the market to crash back before we start talking of picking up again, but if we are smart, we should not be seeing those fluctuation as threat, we should only learn how to work along with that, we buy when it is down and we sell when it is high.

What period are you talking about, if you are talking about the price rise before the new year then you cannot expect that much rise in a short period of time, before the options market started then we could have those rallies but not anymore, if you are thinking about the increase after the halving then it is possible to touch another all time high valuation and we could even see further rally.

We need to understand that the time left with bitcoin in 2019 is not enough for it to go for 15k dollars or more. But we shall expect it to reach 10k easily or beyond as it appears feasible to almost all market experts. But yeah as far as the coming year is concerned, we can expect a lot from bitcoin because by then there would be massive increase in the number of buyers of this crypto currency.

Hypnosis00

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Quote from: BChydro on November 06, 2019, 11:39:33 AM

Quote from: jostorres on November 06, 2019, 08:01:24 AM

For now, I don’t see bitcoin actually growing past $20k this period because there are many investors that have already set their target for that and once bitcoin is getting to that, I expect the market to crash back before we start talking of picking up again, but if we are smart, we should not be seeing those fluctuation as threat, we should only learn how to work along with that, we buy when it is down and we sell when it is high.

What period are you talking about, if you are talking about the price rise before the new year then you cannot expect that much rise in a short period of time, before the options market started then we could have those rallies but not anymore, if you are thinking about the increase after the halving then it is possible to touch another all time high valuation and we could even see further rally.

Yeah, it really makes impossible for a big run before we end this year. We can be lucky to see that Bitcoin will even reach $12k this year.
Well, everyone is so hopeful with the positive impact of halving next year, expecting a bullish trend isn't impossible but couldn't think it hard and seriously rely on that cause we never knows and nobody sees assurance on that.

BChydro

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Quote from: jostorres on November 06, 2019, 08:01:24 AM

For now, I don’t see bitcoin actually growing past $20k this period because there are many investors that have already set their target for that and once bitcoin is getting to that, I expect the market to crash back before we start talking of picking up again, but if we are smart, we should not be seeing those fluctuation as threat, we should only learn how to work along with that, we buy when it is down and we sell when it is high.

What period are you talking about, if you are talking about the price rise before the new year then you cannot expect that much rise in a short period of time, before the options market started then we could have those rallies but not anymore, if you are thinking about the increase after the halving then it is possible to touch another all time high valuation and we could even see further rally.

jostorres

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Quote from: d3nz on November 05, 2019, 03:55:47 AM

There always a good and bad news for the rise of bitcoin and still the value is rising up and even thou it goes dow and definitely it will bounce back, and that's why it will remain the same situation even it hits $20k there is still fuds and people will just manipulate each other to take advantage of the flow of market.

And that is the reason on why it is good to hodl more bitcoin. We don't know what will happen after halving and if the price will reach more than the ATH.

This is why I don’t like talking that much about bitcoin value because people could misconstrue my word for being against cryptocurrency when it is just the reality. I am a very strong believer of bitcoin and I believe also that in future, the value of bitcoin will reach its maximum peak which will be satisfactory to all, the time and year is what is not known.

For now, I don’t see bitcoin actually growing past $20k this period because there are many investors that have already set their target for that and once bitcoin is getting to that, I expect the market to crash back before we start talking of picking up again, but if we are smart, we should not be seeing those fluctuation as threat, we should only learn how to work along with that, we buy when it is down and we sell when it is high.

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Quote from: Getmon on November 05, 2019, 09:47:12 PM

Bitcoin rising, whether sudden or gradual, is what almost 100% of Bitcoin owners hope and pray. This is the most important thing for them. The majority of Bitcoin owners are not even concerned that they cannot use their Bitcoin in physical shops around their place. They are more concerned if the price of Bitcoin is stuck at a low level, or worse if it is falling. I guess if Bitcoin will rise, it will attract more buyers and more users.

I am sure about that. But before bitcoin rise to the higher price, bitcoin will adjust the price again so the price will be ready to increase to the next higher rate. The bitcoin owners will concern if they see bitcoin is down, and they will make prevention from losing the money, or they will still stay calm. But they do something related to the price because they still want to produce more profit from bitcoin. Of course, many of us will be happy to see a sudden increase from bitcoin price because that means we can make more profit. But that will not happen many times, so we need to prepare for the downtrend that will occur later.

Getmon

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Quote from: Williams_Leo on November 05, 2019, 08:12:46 AM

Quote from: Getmon on November 05, 2019, 04:51:58 AM

Quote from: salamat700 on October 26, 2019, 04:58:18 AM

Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.

Is my concern really valid in the face of this ongoing development?

I don't care about the sudden rise of Bitcoin possibly affecting its reputation as a future global currency. The real supporters of Bitcoin do not care about it either. They will continue to buy Bitcoin, HOLD some, and use some to buy stuff. Store of value of global currency, it is always better for Bitcoin to rise and rise. It is not fiat which is slowly losing its value. This is Bitcoin. This is the new standard of money.

Of course, bitcoiners really aren't too concerned about the sudden rise of bitcoin, let me say it in a more rational way, we are concerned also can not find the correct answer because too many explanations for this increase, it could also be news, it could be manipulation, even that could be really potential bitcoin. And in the hundreds and thousands of such answers, our attention cannot contribute to the interpretation or change of anything, therefore, living on emotions and instincts, if bitcoin increases, it will be fun and vice versa

Bitcoin rising, whether sudden or gradual, is what almost 100% of Bitcoin owners hope and pray. This is the most important thing for them. The majority of Bitcoin owners are not even concerned that they cannot use their Bitcoin in physical shops around their place. They are more concerned if the price of Bitcoin is stuck at a low level, or worse if it is falling. I guess if Bitcoin will rise, it will attract more buyers and more users.

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Quote from: salamat700 on October 26, 2019, 04:58:18 AM

Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.

Is my concern really valid in the face of this ongoing development?

I don't think you really have a problem here instead you only making things worst on your side

Bitcoin growth is still holding until now and did not even fall below 9,000$ so this means we. Are stable at this point and about the reputation?lol bitcoin is still the most loved and trusted currency in crypto so what about that?

Just be happy about the value and the movement and stop being dramatic investor

wajik-tempe

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Quote from: Darooghe on November 05, 2019, 08:10:11 AM

Our currency is controlled by government and can never be replaced by any other currency. though the technology of cryptocurrency is amazing and much secured than banks but we can't ignore the fact that it is volatile in nature and people can't use a currency that is volatile in nature every second. Due to limited supply of cryptocurrency like bitcoin, makes it inflation free but everyone wants to hold it as an investment like gold and use as a payment method for large transactions. The chances of replacing fiat currency is low (except third-world countries with hyperinflation), still cryptocurrency has a bright future and can be run parallel and change many basic concept in long term.

I don't agree that bitcoin or cryptocurrency security is more secure than banks. Cryptocurrency is less secure and we can lost all of our assets due to hackers, and it experienced many times from different wallets or different exchanges. And ofcourse for replacing fiat our country's government won't let this happen because they can't track their people's wealth and the people could be tax free.

Williams_Leo

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Quote from: Getmon on November 05, 2019, 04:51:58 AM

Quote from: salamat700 on October 26, 2019, 04:58:18 AM

Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.

Is my concern really valid in the face of this ongoing development?

I don't care about the sudden rise of Bitcoin possibly affecting its reputation as a future global currency. The real supporters of Bitcoin do not care about it either. They will continue to buy Bitcoin, HOLD some, and use some to buy stuff. Store of value of global currency, it is always better for Bitcoin to rise and rise. It is not fiat which is slowly losing its value. This is Bitcoin. This is the new standard of money.

Of course, bitcoiners really aren't too concerned about the sudden rise of bitcoin, let me say it in a more rational way, we are concerned also can not find the correct answer because too many explanations for this increase, it could also be news, it could be manipulation, even that could be really potential bitcoin. And in the hundreds and thousands of such answers, our attention cannot contribute to the interpretation or change of anything, therefore, living on emotions and instincts, if bitcoin increases, it will be fun and vice versa

Darooghe

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Our currency is controlled by government and can never be replaced by any other currency. though the technology of cryptocurrency is amazing and much secured than banks but we can't ignore the fact that it is volatile in nature and people can't use a currency that is volatile in nature every second. Due to limited supply of cryptocurrency like bitcoin, makes it inflation free but everyone wants to hold it as an investment like gold and use as a payment method for large transactions. The chances of replacing fiat currency is low (except third-world countries with hyperinflation), still cryptocurrency has a bright future and can be run parallel and change many basic concept in long term.

hulla

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Quote from: Getmon on November 05, 2019, 07:40:02 AM

Quote from: tinyteapot on November 05, 2019, 05:32:26 AM

All cryptocurrency holders are concerned about the sudden rise in the price of bitcoin, as you know; when bitcoin sneezes all other coins catches cold.

Btc still remain a good store of value since it is operating like any good financial instruments that react to fundamental issues then correct itself back after the storm. The recent one was caused by the chinese government, we are expecting more blockchain news that could affect btc price positively.

Sudden rise of Bitcoin is also followed by a sudden down. But the rise makes a longer candle than the fall that is why in the long run the price is still increasing little by little. This is generally better than large sudden pumps.

Bitcoin reacting to issues that relates to crypto or Bitcoin is good thing. At least it responds to the developments of the times. It cannot be that detached from the society. After all, it reacts both to positive and negative.

Bitcoin price in the market sometimes relate to news (good or bad) happening around the crypto realm but not every time and if I could remember during the previous the price of the market was not affected.
With that been said, the reason the bitcoin market and dump was because the market is always maniputed every Q4 of the year before halving year.

Getmon

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Quote from: tinyteapot on November 05, 2019, 05:32:26 AM

All cryptocurrency holders are concerned about the sudden rise in the price of bitcoin, as you know; when bitcoin sneezes all other coins catches cold.

Btc still remain a good store of value since it is operating like any good financial instruments that react to fundamental issues then correct itself back after the storm. The recent one was caused by the chinese government, we are expecting more blockchain news that could affect btc price positively.

Sudden rise of Bitcoin is also followed by a sudden down. But the rise makes a longer candle than the fall that is why in the long run the price is still increasing little by little. This is generally better than large sudden pumps.

Bitcoin reacting to issues that relates to crypto or Bitcoin is good thing. At least it responds to the developments of the times. It cannot be that detached from the society. After all, it reacts both to positive and negative.

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