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Topic: Bitcoin cannot go as per your plan (Read 307 times)

rilmetukni

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milewilda

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Quote from: Wysi on December 14, 2020, 02:41:20 PM

There has been many topics in this forum with open ended questions like why didn't Bitcoin reach $20k mark or why there has been a slowdown, what's the reason for the recent fluctuations and when is it going to achieve $50k or $100k?

We need to understand that Bitcoin doesn't go as per our expectations or predictions because here are numerous factors which steers the Bitcoin market and price like demand and supply, government's restrictions on Bitcoin or support for crypto currency then comes the whales. I couldn't answer everyone individually but I hope this will help users who have posted similar articles. Even I was one of them in the past.

To those doubters out there then for sure they had really make out some regrets now since the price had already reached in new ATH.If they did miss out on getting some position
into those lower levels or prices then they would really be murmuring now on why the hell they didnt able to make it or buy something on that level and if they do
then they had already be making some profits now in a very short span of time.Bitcoin doesnt really give out guarantees but if you do risk out something or do believe
then you would really be most likely be rewarded.Even though it isnt an assurance but at least you can see the potential is very high towards long term movement.

Silberman

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Quote from: Wysi on December 14, 2020, 02:41:20 PM

You are correct, for the most part the answer to why the price of bitcoin does something is simply the supply and the demand, however that is not going to stop people from asking these kind of questions, one simply because with this new ATH a lot of newbies are bound to come to this market and this means they will ask those questions over and over again, and second because many people believe that if they can narrow down the specifics of why bitcoin moves the way it does they can get a competitive advantage over other traders and make money that way.

Chuky92

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Quote from: Wysi on December 14, 2020, 02:41:20 PM

Sincerely you said it all, and it's no surprise that people keeps asking the same question over and over again, maybe if they have taken time to study previous predictions which didn't worked then they would have understood that there are factors which affects the price of Bitcoin as well as other cryptocurrencies. Also, in way to add, if more people understand that the entire crypto space is highly volatile and emotions amongst others factors plays a huge role in the market maybe there will be less predictions and less bag holders. Lastly, I think if one truly believes in Bitcoin and it's future possibilities, then holding no matter how small it might look without thinking it would go per his plan, would be the best form of holding, just as it took Bitcoin time to reach $20k.

The Cryptovator

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Peoples live with expectations, but too much expectation would be a reason for the loss. A week ago, when Bitcoin was $17K and I expect to buy it when will drop $16.5K. But seems now Bitcoin is trading above $20K but I hadn't bought due to the price didn't drop as per my expectations. Bitcoin always running its own way, we don't know exactly what will happen. Better to follow the trend and get some profits, but really not an easy task at least for me.

So, I have to agree with OP and admit that, "Bitcoin can't go as per our plan"

Om.monata

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Quote from: Wysi on December 14, 2020, 02:41:20 PM

maybe the question has now been answered. look bitcoins are up to $ 20k these days, so I think it's just waiting for time for bitcoins to reach what someone had planned and now it's time

Ucy

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Quote from: Wysi on December 14, 2020, 02:41:20 PM

There has been many topics in this forum with open ended questions like why didn't Bitcoin reach $20k mark or why there has been a slowdown, what's the reason for the recent fluctuations and when is it going to achieve $50k or $100k?

We need to understand that Bitcoin doesn't go as per our expectations or predictions because here are numerous factors which steers the Bitcoin market and price like demand and supply, government's restrictions on Bitcoin or support for crypto currency then comes the whales. I couldn't answer everyone individually but I hope this will help users who have posted similar articles. Even I was one of them in the past.

Or simply put: if more bitcoin is bought than is sold the price goes up, If more is sold than is bought, price goes down. This should easily help anyone have basic understanding why price is goes up and down like that. Other factors still boil down on demand and supply.

artlake

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Hi, I am not one of the people who keep asking why, but I do want to just point out what happened due to the pandemic. Since tons have been left without work, even more people are trying to make money online, and even more desperately so. Before, most people wouldn't try so hard to get crypto jobs because they were still secured with their real jobs. But now that's the only was some people can make money. Also those trying to get rich are jumping on the bandwagon by investing in BTC in hopes the price will rise. So due to the crash of the traditional offline economy, the crypto economy is booming. And I expect a deflation in case vaccination helps speed up the extinction of COVID.

shide2020

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Bitcoin is part of my plan always but I can't take it as only plan it will be last plan in my agenda. having plan is good to every individual because without plan no success , so key to success is plant. As an individual your expect to plan what to do, how to do and when to do your things.

soetikno

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We know when the long holiday is coming, I think everyone is thinking about it, many are afraid that bitcoin will go down again just like in 2017 that's what caused a bit of a turmoil for the price to reach $20K or more, that's what I think

AniviaBtc

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Quote from: oktana on December 14, 2020, 05:13:46 PM

I'm gonna keep saying this; truth is, $20K doesn't matter, the price doesn't matter. What matters to me the most is that it still serves it's primary purpose. As far as I can still send John Bull $1000 using bitcoin, I'm as good as fine.

Don't expect too much as bitcoin is really volatile in the market and that's the basic mindset that you should always remember.

In bitcoin there's no such thing as assurance in its price, it can fluctuate which is really a risking thing to deal with.

But admit it, it is much better if bitcoin make another ATH this year as this pandemic is still active.

It still profitable for some and we have different mindset and plans towards bitcoin so we should wait for the next year if what will happen next on bitcoin.

taufik123

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Quote from: Wysi on December 15, 2020, 12:19:20 PM

-snip- I don't think we might so much more fluctuation after 20th of December because if you look at previous years Bitcoin has not performed well between Christmas and New year this is my personal observation I think we should stop worrying about $20000 mark and rather start planning to avoid loss if we go through one more bearish run.

A plan to avoid losses must be prepared. As you said about the fluctuation after December 20th it does show a bearish market condition as many people celebrate Christmas and New Year holidays and it's time to rest and sell all assets.
Having spare money to wait for a bearish moment at the end of the year would be very good to get a cheaper price.

The market that does not comply with predictions has many factors that influence it.

AicecreaME

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Quote from: passwordnow on December 14, 2020, 04:47:04 PM

Quote from: Wysi on December 14, 2020, 02:41:20 PM

When there's a surge, that's what I usually ask. What's the common reason for that rise. I just want to know what's the reason behind it and as usual, the logical answer is the higher demand and lesser supply per se. Plans that we have when to sell doesn't really go along if you're impatient. Like selling at @$18k-$19k or any price that you set. Because when a newbie sees a plunge, he'll create a decision that he'll regret soon. They all think the same that it's like the end of bitcoin. I once had a thought like that before.

OP already said the answer on why Bitcoin price increase and decrease from time to time is because of demand and supply as well as the massive adaptation that cause the price of Bitcoin to swell on $19,000 and almost reach its $20,000 All Time High price again since the last three years.

Massive adaptation like paypal allowing its users to use (in any transactions) and store bitcoin is one of the main reasons why Bitcoin pump in the last few weeks. The most basic reason is because of its volatility, that's why it goes down and up.

maxreish

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Quote from: oktana on December 14, 2020, 05:13:46 PM

Well, it makes sense but I would be hypocrite to say that it doesn't matter if it keeps moving downwards or perhaps not going up ateast $20k. What matters most for a long term holder like me is to achieve the goal profit. And that $20k is around the corner that has been waiting by most of us here.

There's a lot of reasons why pulled back prices were always seen and $20k are hard to touched. But as long as we are optimistic enough that new ATH for bitcoin will gonna hit soon, if not this month then probably next year.

kentrolla

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Quote from: Wysi on December 14, 2020, 02:41:20 PM

Agree that BTC doesn't go according to our plan but if we try to analyze from down the level like checking the technical analysis, charts, buyers & seller's trust me you will get 75% of result.

Well that's how we can do better Every day, I understand speculations around this forum goes beyond the limit and yes It should be avoided because these people create unnecessary hype for nothing.

error08

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Quote from: Wysi on December 14, 2020, 02:41:20 PM

People discuss the price swings and prediction because it's fun to do and profits have driven us to get involved in this race, whoever can predict it right, can sell at the right time to acquire higher profits than others, simply as that. Even people have been doing this for a long time in the traditional market like the stock, we are looking for the reasons, cause and effect relationship whenever something happens or why it doesn't fit our expectations and prediction.

Zemomtum

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The more dominance BTC has in the crypto market, the higher the surge in price. BTC has proven to be a safe haven most especially during the pandemic and it is getting global attention.

fishbonez11

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Quote from: goinmerry on December 14, 2020, 08:22:05 PM

That's always the case everytime bitcoin is on uptrend so just leave it that way. Just as you said, you are there before. It's common.

Even reading articles, newbies will really have a mindset of that as they are lack experience.

It's fine. Eventually, they will realize soon that bitcoin doesn't always follow the way they want.

Its really hard to predict what to happen, the chances of falling and rising is so even. Its better to expect nothing for short term investment, profit usually realized for long term investment. I've watch a documentary that those who do short investment has a lot of potential to lose his or her money, but those who do long term investment gain a lot. If someone focus on the ever changing price of bitcoin they can be overwhelmed and eventually miss the chance to earn. Dont expect much for short term investment, thats it. There is no easy money.

imteaz

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Bitcoin will never go as per your plan, We have seen that since 2017. Now every time I long it goes down, I short it goes up. Now leverage trading becomes harder and harder. Right now I shorted it, hope it goes down. But I have a deep feeling bitcoin might go up to 21k before it corrects. But nobody knows for sure.

Quidat

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Quote from: Wysi on December 14, 2020, 02:41:20 PM

When we are still noob then we do really have this kind of perception and believe towards the market on where when the price is rising up so fast then we do put up into your minds
on looking beyond the previous ath and reaching those prices or numbers that even unrealistic at all and when the market had slowed down or make up some corrections then
that the time they go frustrated since bitcoin didnt able to reached out on what theyve been expecting.Sooner or later they would realize as they go engage with this market for a while
or long period where they will know that movement will always vary with the demand and wont easily be breaking those heights without any basis.