Are You Concerned On Sudden Rise of Bitcoin? - page 4.

teosanru

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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 think we are never seeing it as a future global currency because of some inherent issues that come with bitcoin. The question is regarding store of value which can really become a big problem if such a trend of BTC continues. No one likes to store their funds in a currency which can go up and down by 20% each day. This would obviously mean burning up your savings in search of greater profits. People would think BTC is merely a gamble and nothing else. I however do hope that volatility may come down if there is an increase in adoption of BTC.

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Quote from: SummerBliss on October 31, 2019, 07:30:50 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?

Not much worried frankly speaking as prices have shown growth rate after a long time which indicates pump in the market soon when prices can cross $15k but we might see another correction in between these period which will be followed by the price surges again which is market strategy so we don't need to worry anything. Just be happy,patient and hodl until prices reach your satisfactory level.

This shouldn't be surprise to early bitcoin adopters they are used to the sudden and abrupt rise in the price of bitcoin, most of us here are more to the use of bitcoin as a store of value and having access and control over our portfolio rather than allow a third party to control it, I believed the price had resumed the bullish sentiment and growth after a prolong correction as you rightly said the price might hit $15K before the end of the year. let us patiently wait for the price to resume another wave of bullish movement.

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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?

Not much worried frankly speaking as prices have shown growth rate after a long time which indicates pump in the market soon when prices can cross $15k but we might see another correction in between these period which will be followed by the price surges again which is market strategy so we don't need to worry anything. Just be happy,patient and hodl until prices reach your satisfactory level.

Gotumoot

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Bitcoin is a volatile price back then so don't worry. Investors are well aware of this, They are even more in favor of falling prices because they will have the opportunity to buy cheap bitcoin. They can easily raise the price of bitcoin as they hold large monetary funds that can play into the price of bitcoin.

topbitcoin

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Quote from: TinaK on October 30, 2019, 02:09:28 PM

Quote from: topbitcoin on October 30, 2019, 10:10:44 AM

Last dump, before price back again, i think is correction. For now at least price keep stable like this is already ok for me. I mean, bitcoin price not time yet to pumped a lot, that is why pump and dump is not much for now. But this is only speculation from me, because price still look not really move at current rate. When moved, it will back again.

Yeah I don't know where these people saw the rise on Bitcoin. I am eagerly waiting to selling my half piece Bitcoin for one commitment. If that is really good we can make more investment on BTC as well as other cryptocurrencies.
So we need to look for the best big investment on cryptocurrency to see such sudden growth else nothing will be there for sure.

This is just personal perspective, not means i said if all people like this, usually when price up and down, there are some people who want to take advantage from it like make it better or make it worse, like when price dump they will make speculation for lowest price of bitcoin so other who easily get panic can be affected.

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Quote from: topbitcoin on October 30, 2019, 10:10:44 AM

Last dump, before price back again, i think is correction. For now at least price keep stable like this is already ok for me. I mean, bitcoin price not time yet to pumped a lot, that is why pump and dump is not much for now. But this is only speculation from me, because price still look not really move at current rate. When moved, it will back again.

Yeah I don't know where these people saw the rise on Bitcoin. I am eagerly waiting to selling my half piece Bitcoin for one commitment. If that is really good we can make more investment on BTC as well as other cryptocurrencies.
So we need to look for the best big investment on cryptocurrency to see such sudden growth else nothing will be there for sure.

topbitcoin

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Last dump, before price back again, i think is correction. For now at least price keep stable like this is already ok for me. I mean, bitcoin price not time yet to pumped a lot, that is why pump and dump is not much for now. But this is only speculation from me, because price still look not really move at current rate. When moved, it will back again.

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Quote from: Yaunfitda on October 30, 2019, 05:03:57 AM

We will be concern if the sudden rise is a bear trap, but days have gone and so far it it still holding and it looks like going to be sustainable at least in $9k range. So the concern would be if the price goes to $7400 again and then goes on another side way trading patterns.

So it's a sigh of relief for now and no need to be concern at this point. Maybe we could see another break out to $10k again next month. We are almost at the end of the year now, so I do hope at least a good 5 digit this year and see how it goes prior and after the much touted block halvening.

Recently, bitcoin price punched back at $9100 based on my updated blockfolio. So then, another demand is coming over to recuperate the losses and again this will recover at a given percentage depending on each trading activities worldwide. Also for some coins whose been closely affiliated with bitcoin tradings, you'll observed a definite changes from time to time.

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Quote from: wajik-tempe on October 30, 2019, 06:16:10 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?

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.

I find it natural thing happening on the market and it will make crazy feelings to the new traders since they will surely afraid of the volatility, But I can say that we are in goodd shape right now since as you said the market goes stable and most provably we can see a good ups or maybe a bull run.

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what rise? Cheesy

wajik-tempe

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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?

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.

Yaunfitda

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We will be concern if the sudden rise is a bear trap, but days have gone and so far it it still holding and it looks like going to be sustainable at least in $9k range. So the concern would be if the price goes to $7400 again and then goes on another side way trading patterns.

So it's a sigh of relief for now and no need to be concern at this point. Maybe we could see another break out to $10k again next month. We are almost at the end of the year now, so I do hope at least a good 5 digit this year and see how it goes prior and after the much touted block halvening.

inanilujimi

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no need to be concerned with what happens to bitcoin, what else when it has increased because that's how the crypto market moves.
remember it's been 2 years bitcoin can not make a new ATH, if you believe bitcoin can touch ATH again what should be feared by suddenly the value of bitcoin rises?

Taskford

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Quote from: Wysi on October 27, 2019, 06:39:02 AM

Quote from: CarnagexD on October 27, 2019, 05:03:03 AM

All of us are concerned and I know some of are panic when the price goes down. But, everyone are happy when the price goes up. The sudden rising price of bitcoin is very questionable and I know some of us think that some people manipulated it and some of us think it is because of china. But, do you think what is really the reason on sudden rise of the price?

Earlier people used to be bothered about price drop but now users are bit worried when an unexpected sudden pump happens because it's quite obvious that most of us thinks it's a bull trap to extort our investment just by manipulating the price. I think it's too early to comment on this as fluctuations are still wild.

It's a normal feeling for people who lose there BTC when price got dump so hard on the past months and maybe they are on stage that they are feeling the market situation these days. And Just like us I'm sure that all of us bothered since we cannot afford to lose more money if certain things will fail with the current situation with bitcoins today.

Wysi

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Quote from: CarnagexD on October 27, 2019, 05:03:03 AM

All of us are concerned and I know some of are panic when the price goes down. But, everyone are happy when the price goes up. The sudden rising price of bitcoin is very questionable and I know some of us think that some people manipulated it and some of us think it is because of china. But, do you think what is really the reason on sudden rise of the price?

Earlier people used to be bothered about price drop but now users are bit worried when an unexpected sudden pump happens because it's quite obvious that most of us thinks it's a bull trap to extort our investment just by manipulating the price. I think it's too early to comment on this as fluctuations are still wild.

danherbias07

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Don't be worried.
Actually this amount is just a little percentage of what bitcoin could reach in years to come.
We already saw how much it can reach when it hits its all time high which is 20k USD.

Now, if you are worried about the sudden rise for now, this could just be for now. It is too quick to fluctuate up hence, there could be a possibility that it will also go down any minute from now. (which is already happening)

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Well, bitcoin does seem to be holding onto the gains it made since exploding in the past two days. Big gains don't really give me cause to be concerned, except for the possibility of crashing--but in this case it doesn't look like bitcoin is gaining fast enough to cause too severe a correction. And I guess there already was a mini-correction, because it had gone above $10k if I'm not mistaken.

Definitely nice to see bitcoin being alive again. I don't hold a lot of my money in crypto, but I hate to see it get beaten down and this last year has been exceedingly rough. This might be a good sign for next year.

Argoo

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Worried about disturbing and negative events. The growth of bitcoin in the price causes a logical interest about the possible reasons for such growth. But we don’t see any obvious reasons. A statement by the Chinese president to support blockchain technology cannot be a real reason for the rise in the price of bitcoin, since the Chinese government has previously fully recognized this technology and widely implemented it in practice.
However, it is important that the price of bitcoin began to rise. Let Bitcoin continue to rise in price for no apparent reason.

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All of us are concerned and I know some of are panic when the price goes down. But, everyone are happy when the price goes up. The sudden rising price of bitcoin is very questionable and I know some of us think that some people manipulated it and some of us think it is because of china. But, do you think what is really the reason on sudden rise of the price?

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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 was suprised a bit 'cause I wasn't looking to any chart or whatsoever by that time, I was sleeping and when I wake up it was at 10k by that span of time. Was so sudden, I was expecting a side of me though a bull run, but I am on the other hand aware that this was just made by whales. It was so early though but who knows right. Besides, I don't think these sudden changes in Bitcoin market would damage its reputation because it is normal.

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