Topic: Are you worried about the high Bitcoin price volatility at the moment? - page 2. (Read 1031 times)
August 31, 2017, 04:18:54 PM
I'm not too worried about the high volatility. You get used to it, if that makes sense. The market is still very young so this is quite normal. As money keeps flowing in the market should automatically stabilize itself.
August 31, 2017, 04:12:37 PM
I am not worried because bitcoin nature is highly volatile, it is because of the speculative market. If we observe the market it is not just now that the bitcoin price is highly volatile, it was been acting like that ever since. So I guess instead of worrying, try to figure out how to take advantage of the price fluctuation.
August 31, 2017, 04:08:03 PM
i dont worry about that, as long as bitcoin is still a favorite and many people buy it in market exchange. even though the price is very expensive we must still believe that bitcoin prices will skyrocket again. look at the chart months by months or even yearly.
August 31, 2017, 03:56:48 PM
What's new with volatility of Bitcoin? It's always been same. We have seen 50% drop many a time. 25% is still less. There is cut off period in July because of potential fork, buying activity decreased sharply and in August the same buying activity increased sharply as all the investors were waiting for August. Thus, volatility was inevitable. It was quite natural.
So I would rather say nice try to advertise your site.
So I would rather say nice try to advertise your site.
Well, I totally agree that volatility is nothing new in Bitcoin, what I do not get is the level when it will raise concerns. Or how to find the information like you gave in your post, explaining the situation and putting high volatility numbers into context.
The Bitcoin Seismograph is intended to provide the context for the numbers (by displaying ongoing top reddit and bitcointalk discussions), but I need some feedback at which constellations of Bitcoin indicators you need to have a deeper look into the context.
Therefore, I am quite thankful for the discussion today despite the little advertising effect for http://www.bitcoinseismograph.com
All the best,
Marcel
August 31, 2017, 12:49:02 PM
Hey,
thanks for your reply and interest. I agree, quite high volatility has been here and will be here, but from a personal standpoint I am a bit worried about the price rise as I do not understand the reason for that at the moment.
But back to the question: What would be indicators which would let your alarm bells ring?
Thanks for the help,
Marcel
thanks for your reply and interest. I agree, quite high volatility has been here and will be here, but from a personal standpoint I am a bit worried about the price rise as I do not understand the reason for that at the moment.
But back to the question: What would be indicators which would let your alarm bells ring?
Thanks for the help,
Marcel
Obviously, bitcoin is volatile because of fluctuating supply and demand. Being limited in supply and increased demand, price rises. If more people are selling BTC than buying, price goes down. Speculation + supply/demand = volatility.
Bitcoin has always been volatile and will be, from $1 to $4800, any alarm bells ringing? Numerous times it had been said that bitcoin is a bubble and would burst soon, equal number of bullish predictions have been made, governments legalising bitcoin, institutional investors getting into bitcoin, mainstream adoption. Where to find the indicators in all these
There has been no other currency that has shown an exponential growth like bitcoin and this triggers the bubble warning, but the fact is there hasn't been something like bitcoin before in the history of money so it would be difficult to find indicators which would accurately predict how bitcoin volatility will play out.
August 31, 2017, 12:29:42 PM
Actually, I do not understand your post. But btc price fluctuations in the current do not make me feel very anxious. It is like the inherent transformations of the market. that's all.
August 31, 2017, 12:09:47 PM
It's not, but I'm worried that it has not fallen and continues to increase. Because we are more difficult to buy bitcoins. If that happens, it's likely that a satoshi is harder to earn. But it's still too late to buy bitcoins because I'm sure that this is a good replacement in the future.
And if that's happened. We will become a millionaire
And if that's happened. We will become a millionaire
August 31, 2017, 12:06:56 PM
It's a normal thing for bitcoin traders, in fact, am happy that the price is rising. I'm gonna sell 2-3 bitcoins when it hits $5k. I think we'll see a correction soon as I guess lots of holders waiting for $5k mark.
August 31, 2017, 12:04:39 PM
What's new with volatility of Bitcoin? It's always been same. We have seen 50% drop many a time. 25% is still less. There is cut off period in July because of potential fork, buying activity decreased sharply and in August the same buying activity increased sharply as all the investors were waiting for August. Thus, volatility was inevitable. It was quite natural.
So I would rather say nice try to advertise your site.
So I would rather say nice try to advertise your site.
August 31, 2017, 11:56:14 AM
Bitcoin price has always been very volatile for years, i even saw price drop more than 50% in a day. I wouldn't worry about volatile bitcoin price as long as bitcoin still have potential to be global currency or the price isn't crashed way too much.
August 31, 2017, 11:35:00 AM
no. but for now I will keep all my bitcoins. and expect no transaction using bitcoin abruptly. for now we better hold our bitcoin and wait for the right time with a more stable price and more conducive situation.
Even I am thinking the same. Bitcoin's price has been increasing high enough for past few months and it would be better to hold the coins and sell it at a better price later.Its huge increase in price also gives me goosebumps as it is an indication of a fall in price soon. The more increase in price, the more chances for it to fall a little.
But i strongly feel that it won't go fall any sooner. Its price is to cross $5000 which will make a huge impact on the society. There are chances that more people buy it once they get to know about it.
I agree, it definitely causes media attention, but the higher the price gets, the fewer people (or newbies) will think, now might be a good time to invest... Or am I wrong?
August 31, 2017, 11:29:40 AM
no. but for now I will keep all my bitcoins. and expect no transaction using bitcoin abruptly. for now we better hold our bitcoin and wait for the right time with a more stable price and more conducive situation.
Even I am thinking the same. Bitcoin's price has been increasing high enough for past few months and it would be better to hold the coins and sell it at a better price later.Its huge increase in price also gives me goosebumps as it is an indication of a fall in price soon. The more increase in price, the more chances for it to fall a little.
But i strongly feel that it won't go fall any sooner. Its price is to cross $5000 which will make a huge impact on the society. There are chances that more people buy it once they get to know about it.
August 31, 2017, 11:28:56 AM
Yes I'm certainly worried about high Bitcoin price, several factors that pump Bitcoin price is due to North Korea launching missiles to Japan. I'm worried that if Bitcoin bubble burst then a lot of people would get hurt financially, get into debt, 0 life savings and etc.
August 31, 2017, 11:25:36 AM
Volatility of bitcoin has been an issue ever since I have known it (2015) and I think it will still be even after a few more years. I stopped worrying about it and took it as an opportunity. It will be like this for a few more years so better be used to it. I hope it gets more stable but I do not mind the volatility anymore.
August 31, 2017, 11:24:17 AM
Noting is strange here. Bitcoin is created to be volatile. It depends only on law of supply and demand.
More people wants to buy bitcoin more bitcoin is higher.
More people wants to buy bitcoin more bitcoin is higher.
August 31, 2017, 11:23:09 AM
Hi,
I have a question as developer of the Bitcoin Seismograph (http://www.bitcoinseismograph.com). The tool has identified a high Bitcoin volatility (above 25% for 60 days) due to recent price rises!
So my question is, if you see that as a warning sign or just normal behavior of Bitcoin. At which volatility level would you be concerned?
The Bitcoin Seismograph is intended to support Bitcoin community to monitor the Bitcoin ecosystem and identify unexpected developments earlier. It needs your feedback for finetuning the analysis algorithms.
Thanks for your help,
Marcel
I think that many people will be happy when the bitcoin price increases, so it will benefit them. But the fluctuations are quite unusual, causing many to argue about it. The bitcoin price suddenly rose too high and they were afraid it would collapse at any time... I have a question as developer of the Bitcoin Seismograph (http://www.bitcoinseismograph.com). The tool has identified a high Bitcoin volatility (above 25% for 60 days) due to recent price rises!
So my question is, if you see that as a warning sign or just normal behavior of Bitcoin. At which volatility level would you be concerned?
The Bitcoin Seismograph is intended to support Bitcoin community to monitor the Bitcoin ecosystem and identify unexpected developments earlier. It needs your feedback for finetuning the analysis algorithms.
Thanks for your help,
Marcel
August 31, 2017, 11:15:46 AM
Hi, I have a question as developer of the Bitcoin Seismograph (http://www.bitcoinseismograph.com). The tool has identified a high Bitcoin volatility (above 25% for 60 days) due to recent price rises!
So my question is, if you see that as a warning sign or just normal behavior of Bitcoin. At which volatility level would you be concerned? The Bitcoin Seismograph is intended to support Bitcoin community to monitor the Bitcoin ecosystem and identify unexpected developments earlier. It needs your feedback for finetuning the analysis algorithms.
So my question is, if you see that as a warning sign or just normal behavior of Bitcoin. At which volatility level would you be concerned? The Bitcoin Seismograph is intended to support Bitcoin community to monitor the Bitcoin ecosystem and identify unexpected developments earlier. It needs your feedback for finetuning the analysis algorithms.
Volatility can be a great concern for any other assets most especially the fiat money but as for Bitcoin it is not alarming at all...since volatility has been a permanent feature of this cryptocurrency for a long time now. Volatility can work both ways...and it can drive fear to someone and can be a magnet for another one...depending on how we understand it in light with Bitcoin.
We have already accepted that volatility is becoming like the twin brother of Bitcoin. Now, the question is: Is there a correlation between volatility and the potential for Bitcoin to pop like a bubble? Or volatility is what makes Bitcoin really attractive to many Bitcoin enthusiasts?
August 31, 2017, 11:14:20 AM
no. but for now I will keep all my bitcoins. and expect no transaction using bitcoin abruptly. for now we better hold our bitcoin and wait for the right time with a more stable price and more conducive situation.
But how to determine when you reach some sort of a equilibrium?
August 31, 2017, 11:05:29 AM
no. but for now I will keep all my bitcoins. and expect no transaction using bitcoin abruptly. for now we better hold our bitcoin and wait for the right time with a more stable price and more conducive situation.
August 31, 2017, 11:02:59 AM
The high volatility in Bitcoin is caused by the uneven distribution of the coins in the early days. This give certain individuals
{Whales} or even a group of them, the ability to manipulate the currency/commodity. They time their dumps and pumping
to the tee to maximize their profits. This will continue, until more people buy bitcoins and the spread of coins are more
equally distributed.
{Whales} or even a group of them, the ability to manipulate the currency/commodity. They time their dumps and pumping
to the tee to maximize their profits. This will continue, until more people buy bitcoins and the spread of coins are more
equally distributed.
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