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.
Topic: Are You Concerned On Sudden Rise of Bitcoin? - page 2. (Read 930 times)
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.
I might be concerned a little about this sudden rise of Bitcoin because it always follows a correction after that. And I am not mistaken, the price may go and stop whenever it wants but the correction of price will be the real deal. Bitcoin has been always like this for a decade, everything that is happening to it there is always a pair of news that's telling because of this and that.
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.
I might be concerned a little about this sudden rise of Bitcoin because it always follows a correction after that. And I am not mistaken, the price may go and stop whenever it wants but the correction of price will be the real deal. Bitcoin has been always like this for a decade, everything that is happening to it there is always a pair of news that's telling because of this and that.
I would not worry about the recent pump because this pump came after a recent dump. This is more like the correct price after the FUD caused by quantum computers fear, etc. And it was just like 2K price pump. Nothing too concerning about that movement.
Everyone should be careful when the pump came from a long consolidation then suddenly pumping 6 to 10K. That pump will most like do a correction.
Exactly! In February or march I guess ... from $4,000 surge to $13,000 before it falls down to $7,000 nearly $6,000 and now we are looking to do it again? Seems like a manipulative market in big scale isn't it?
I don't know when you have started trading cryptocurrencies but this is just considered to be a normal movement for Bitcoin price jumps that range to over 1,000$ is something we have a chance to see everyday and I don't see anything extraordinary about it. But for sure prices we are seeing now is somehow affected by price manipulation and it's not always purely demand since a price movement created by demand doesn't move fast like this one.Guess this time could reached higher up to $15,000 many of professional speaking loud about this already , are you one of them who believe at this speculation? I have really a lot of questions in my mind and thinking that this going to happen exactly the same like the previous one.
Just don't get your hopes up just yet since we aren't even in a bullish market now. We might jumped by 2,000$ in just a day but we didn't get into any kind of reversal because of it. We just simply consolidated on a higher level and that's it.
There's no sure pattern in bitcoin market , but this time i see it quite different... that's why i suspect some manipulative movement is being done ... whales targetting for cheap coins and they got it few months ago at around $5,000 even the dip at $35,00!!
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?
why are you concerned, in fact you should be happy to see the price of bitcoin began to rise again. and you shouldn't have to worry because bitcoin is like this, going up and down with time. most people invest in bitcoin because of its volatility, buying at low prices and selling at high prices. we must be good at looking for opportunities to trade bitcoin and bitcoin is not a store of value, bitcoin is a currency that can be used for alternative means of payment and also for trading and investment.
The best guess for Bitcoin is always towards volatility, so it rose suddenly and it'll probably retrace those steps and test the downside also now. We are not in a regular uptrend or downtrend so betting on range trade is probably most likely.
It'll test the higher resistance at the top, so its most likely done that recently. It was a sharp rise and most would say thats quite strong, so now it'll test the resolve of people to hold while we move downwards in price also, it doesnt have to just as sharp a spike down but it could mirror the price possible. Every time I think it might hold above a certain measure it tends to push beyond that.
It'll test the higher resistance at the top, so its most likely done that recently. It was a sharp rise and most would say thats quite strong, so now it'll test the resolve of people to hold while we move downwards in price also, it doesnt have to just as sharp a spike down but it could mirror the price possible. Every time I think it might hold above a certain measure it tends to push beyond that.
I might be concerned a little about this sudden rise of Bitcoin because it always follows a correction after that. And I am not mistaken, the price may go and stop whenever it wants but the correction of price will be the real deal. Bitcoin has been always like this for a decade, everything that is happening to it there is always a pair of news that's telling because of this and that.
I would not worry about the recent pump because this pump came after a recent dump. This is more like the correct price after the FUD caused by quantum computers fear, etc. And it was just like 2K price pump. Nothing too concerning about that movement.
Everyone should be careful when the pump came from a long consolidation then suddenly pumping 6 to 10K. That pump will most like do a correction.
I won't think that was just a hype made by whales again but I'm just thinking that is to be at normal scenario/event that might happen in the market. Not pretty much worrying unless it will rise just a minute and drop again drastically, that will probably a big problem. But for now, it serves nothing, instead, we are thankful that we were able to see a few pumps after then.
I might be concerned a little about this sudden rise of Bitcoin because it always follows a correction after that. And I am not mistaken, the price may go and stop whenever it wants but the correction of price will be the real deal. Bitcoin has been always like this for a decade, everything that is happening to it there is always a pair of news that's telling because of this and that.
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?
Bitcoin has been like that since forever, this is something that people who have been here for long just get used to. Rather than looking at individual price jumps, we should look at historical data to analyze whether volatility is decreasing or increasing. You can't expect volatility to just disappear in one day, but if sudden price changes will have lower magnitude and become less frequent, then it would mean that Bitcoin would be more suitable as store of value and currency in the future.
Exactly! In February or march I guess ... from $4,000 surge to $13,000 before it falls down to $7,000 nearly $6,000 and now we are looking to do it again? Seems like a manipulative market in big scale isn't it?
I don't know when you have started trading cryptocurrencies but this is just considered to be a normal movement for Bitcoin price jumps that range to over 1,000$ is something we have a chance to see everyday and I don't see anything extraordinary about it. But for sure prices we are seeing now is somehow affected by price manipulation and it's not always purely demand since a price movement created by demand doesn't move fast like this one.Guess this time could reached higher up to $15,000 many of professional speaking loud about this already , are you one of them who believe at this speculation? I have really a lot of questions in my mind and thinking that this going to happen exactly the same like the previous one.
Just don't get your hopes up just yet since we aren't even in a bullish market now. We might jumped by 2,000$ in just a day but we didn't get into any kind of reversal because of it. We just simply consolidated on a higher level and that's it.
I wasn't concerned when it was a sudden fall, I am not concerned when it is a sudden rise. Bitcoin is a volatile commodity and it always goes up and down very frantically so whenever it does something crazy like this I end up liking it as much as I can. Sure, it could be stable and I would know how much I have or could have but at the same time what would be the fun in that.
The investor in me wants it to go up and down, the idealist that wants to see banks go bankrupt wants to see bitcoin stable so everyone would adopt it. It is a risky move to buy or sell bitcoin at all times, you can buy and it could go down, you can sell and it could go up but that doesn't mean that if you buy it could go up and if you sell it could go down and you would be profitable in those situations.
The investor in me wants it to go up and down, the idealist that wants to see banks go bankrupt wants to see bitcoin stable so everyone would adopt it. It is a risky move to buy or sell bitcoin at all times, you can buy and it could go down, you can sell and it could go up but that doesn't mean that if you buy it could go up and if you sell it could go down and you would be profitable in those situations.
people knew that bitcoin is volatile since it started so they assume that this volatility will remain and it wont affect bitcoins reputation .
sometimes the prices were just unexpected . they fall and rise verry quick and some people start to wonder and get alarmed if those unexpected events have a drawback . in my case i am not concerned when bitcoin increases but i will only feel happy deep inside me . i will only be concern if its falling even if its given that its normal
sometimes the prices were just unexpected . they fall and rise verry quick and some people start to wonder and get alarmed if those unexpected events have a drawback . in my case i am not concerned when bitcoin increases but i will only feel happy deep inside me . i will only be concern if its falling even if its given that its normal
And what price range do you consider as normal then?
I dont understand what's your concern behind the rise or fall of the btc price. Just like what you said volatility or cryptocurrency is normal. So why are your concerns when you know the price movements are just normal?
Just put it this way to avoid yourself from being bothered by the Volatility of btc, If the price will fall It's good for accumulation. And if the price will pump then that's good for selling.
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?
Sudden pump and dump is usual thing in crypto because it's decentralized and the whales is in every exchanges. So if they make a move the market will shaking.
The speciality of crypto is the volatility and i think it won't make something bad for crypto because that's the nature of crypto. and after reaching the resistance on recent pump, the price looks like stable on 9k+ and i think it will ready to the next pump.
Should not doubt bitcoin.
Just months ago we saw bitcoin took 13k USD one again and it took long at 12k USD which is somehow inspiring once again after the last ATH in 2017.
I am worried for sudden increase but there is history that could prove it should not just be at this number.
12k USD should be the bottom of it by now.
I don't believe other people who are thinking it will be back to 3k or less. That is just mere FUD. Do not fooled by them and suddenly sell your bitcoins.
Just HODL.
Exactly! In February or march I guess ... from $4,000 surge to $13,000 before it falls down to $7,000 nearly $6,000 and now we are looking to do it again? Seems like a manipulative market in big scale isn't it?Just months ago we saw bitcoin took 13k USD one again and it took long at 12k USD which is somehow inspiring once again after the last ATH in 2017.
I am worried for sudden increase but there is history that could prove it should not just be at this number.
12k USD should be the bottom of it by now.
I don't believe other people who are thinking it will be back to 3k or less. That is just mere FUD. Do not fooled by them and suddenly sell your bitcoins.
Just HODL.
Guess this time could reached higher up to $15,000 many of professional speaking loud about this already , are you one of them who believe at this speculation? I have really a lot of questions in my mind and thinking that this going to happen exactly the same like the previous one.
people knew that bitcoin is volatile since it started so they assume that this volatility will remain and it wont affect bitcoins reputation .
sometimes the prices were just unexpected . they fall and rise verry quick and some people start to wonder and get alarmed if those unexpected events have a drawback . in my case i am not concerned when bitcoin increases but i will only feel happy deep inside me . i will only be concern if its falling even if its given that its normal
sometimes the prices were just unexpected . they fall and rise verry quick and some people start to wonder and get alarmed if those unexpected events have a drawback . in my case i am not concerned when bitcoin increases but i will only feel happy deep inside me . i will only be concern if its falling even if its given that its normal
And what price range do you consider as normal then?
I dont understand what's your concern behind the rise or fall of the btc price. Just like what you said volatility or cryptocurrency is normal. So why are your concerns when you know the price movements are just normal?
Just put it this way to avoid yourself from being bothered by the Volatility of btc, If the price will fall It's good for accumulation. And if the price will pump then that's good for selling.
people knew that bitcoin is volatile since it started so they assume that this volatility will remain and it wont affect bitcoins reputation .
sometimes the prices were just unexpected . they fall and rise verry quick and some people start to wonder and get alarmed if those unexpected events have a drawback . in my case i am not concerned when bitcoin increases but i will only feel happy deep inside me . i will only be concern if its falling even if its given that its normal
sometimes the prices were just unexpected . they fall and rise verry quick and some people start to wonder and get alarmed if those unexpected events have a drawback . in my case i am not concerned when bitcoin increases but i will only feel happy deep inside me . i will only be concern if its falling even if its given that its normal
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?
By as far as I know and from my perspective as bitcoin user I'll take it as an adventage. I can take this situation for trading to get short term profit. But, if you are a long term investment then you should know there is many thing who will make bitcoin have a high price. Such as regulation which can affect mass adoption (currently Chinese has doing it), bitcoin halving and etc it should make you comfortable to have an investment in bitcoin.
Don't worry too much about it, learn more to gain money on it because it is not for investing only. Active on this forum because there is many thread who can make you comfortable.
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?
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