Bitcoin Price Holds Above $9k - page 2.

coinfinger

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Quote from: djcaoile1205 on November 03, 2019, 05:12:20 PM

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/

First, your heading does not correlate with the body of your message and I really do not see the relationship with the both of them, one is company offering stock while the other is cryptocurrency and to me, bitcoin investment is still better than this one as an investment.

When we even talk of profit, that cannot be compared because bitcoin is a growing technology which will be accepted worldwide, there is limit to the number of people that can patronize this company you mentioned here, but bitcoin is a technology that within the next few years, it would really grow to become global currency and will be known and accepted by billions of people that are living in the earth, so bitcoin will still remain the most profitable asset for one in the future.

kickback

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Nobody knows what price bitcoin will be except the forces that set the price.Bitcoin price is set by market makers only and speculators are basically only gamblers along for the ride.

kolonel_x

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Quote from: AjithBtc on November 07, 2019, 06:22:53 AM

The market crashed, and the recovery happened all of the sudden when there is more speculation about the price of bitcoin falling low. This means the market is gaining more resistance for growth than decline in the price. Once after recovering from $7500 the price has been standing high fluctuating within specific range which means the price holds above $9000.

Judging from the movement of the graphs, in my opinion bitcoin will hold above $ 9,000. This shows that bitcoin will be more stable compared to last month, currently going down will not be a panic for its holders, instead I just say this is the beginning of a jump to $ 10,000 in the month front.

inthelongrun

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Quote from: djcaoile1205 on November 03, 2019, 05:12:20 PM

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/

So Saudi Aramco posted a huge profit despite an attack on its oil installations from Iran? This leads mo to believe as what Iran said a fake attack on Saudi and put the blame on Iran in order to spark an oil price increase.

If Saudi Aramco considers an IPO, it will be worth hundreds of billions or even in trillion in dollars. It will be hard to push that value. While Bitcoin only has a marketcap of $166 billion. With that simple figures alone, it is easy to identify which one have the best potential to profit.

Triffin

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Quote from: clickerz on November 05, 2019, 08:46:23 AM

Quote from: blckhawk on November 05, 2019, 12:28:08 AM

Although it occassionaly drops to near breaking the $9k, it still holds up and I'm positive that the next bull run will soon happen. I'm not quite sure how that IPO might affect bitcoin. As far as I know, IPOs are for the stock market and is separate from ICOs for cryptocurrencies. If they would also enter the crypto-market, then that could be quite huge. But until now, the price is still struggling to reach an uptrend.

Hope support in $9k will continue to grow and the next battleground will be $14,000. Bakkt is slowly picking up also and some other derivatives in my opinion. Hoping for more financial institutions to follow too push bitcoin price. We need more projects and utilization of bitcoin for a great adoption to happen.

If people keep increasing the number of bitcoin they have in wallets right now specifically when the market is showing some positive signals regarding increase in bitcoin prices after a long bearish market. We have to act efficiently and smartly in order to avail this opportunity. For the massive adoptions of bitcoin, we need to spread awareness regarding positive and fundamental features of bitcoin.

el kaka22

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Interestingly bitcoin hasn't moved anywhere else since the last movement. We were under 8 thousand dollars for a long time and people were wondering what would happen, some said it would go up, some said it would go down back to $3k and some said it would go down a bit before it goes up, yet when looking at it nobody really talked about what would have after that. Like yeah we were under $8k and now we are over $9k but now what? What do we do now?

There is really not much we can do but wait however it is not really easy to buy or sell bitcoin right now considering we have no idea what will happen next. Do we think it will go up? Should we buy more? Do we think it will go down? Should we sell? Nobody has any clue and thats why the market is in a weird situation right now.

Reid

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But, what did they risk with oil? Their capital? I dont think so.
Here in bitcoin many have bought at a low price but with how much risk? They don't even know where it is going and I dont think that should be compared with oil.
There is just too much difference between the two.
Imagine buying something out of nothing. It doesn't even make sense. Your family might even kick you out of the house for doing it.

owengtam09

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Quote from: barota on November 05, 2019, 02:41:32 PM

yes ; it seem bitcoin hold above level 9000 usd per btc. price rise up 9500 usd per btc many time but it fall with 3-5 percent ; the thing important is that prices hold above 9000 usd per btc . i think prices can rise to level 12000 usd per btc at any time and who sell and buy for short term many times they will find some difficult for buying and selling

I agree, just hold your bitcoins and I think bitcoin value will rise up to more than $10k, and it is already helpful for those who hold their bitcoin especially to those who hold huge amount of bitcoin because it has an also a huge impact with the value of bitcoin that they are holding right now.

Jating

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Quote from: Fatunad on November 07, 2019, 06:43:59 AM

Quote from: AjithBtc on November 07, 2019, 06:22:53 AM

The market crashed, and the recovery happened all of the sudden when there is more speculation about the price of bitcoin falling low. This means the market is gaining more resistance for growth than decline in the price. Once after recovering from $7500 the price has been standing high fluctuating within specific range which means the price holds above $9000.

The sudden recovery of the price has caused by a huge buying of btc supply. I am not sure who's doing it maybe the whales? Or its just the market sentiments. Btc is holding above $9,000 because there still investors who keeps selling while others are accumulating.

That's what we call support levels, until it is broken.

So far the support is very strong at $9k levels, fluctuations seems to be lessen and been trading sideways again. Might be a good indication that many investors are playing it safe or simply shorting bitcoin and take profits if the opportunity presents itself. The real mooning here is 2020, specially after the block halving and we could be seeing $20k at the end of 2020 here, we just need to be patience and continue to accumulate at this time.

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Quote from: AjithBtc on November 07, 2019, 06:22:53 AM

The market crashed, and the recovery happened all of the sudden when there is more speculation about the price of bitcoin falling low. This means the market is gaining more resistance for growth than decline in the price. Once after recovering from $7500 the price has been standing high fluctuating within specific range which means the price holds above $9000.

The sudden recovery of the price has caused by a huge buying of btc supply. I am not sure who's doing it maybe the whales? Or its just the market sentiments. Btc is holding above $9,000 because there still investors who keeps selling while others are accumulating.

AjithBtc

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The market crashed, and the recovery happened all of the sudden when there is more speculation about the price of bitcoin falling low. This means the market is gaining more resistance for growth than decline in the price. Once after recovering from $7500 the price has been standing high fluctuating within specific range which means the price holds above $9000.

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Quote from: Hamphser on November 06, 2019, 09:02:07 AM

Quote from: Google+ on November 06, 2019, 03:56:25 AM

I think this is because many investors are holding sell orders by placing buy orders so that when many are selling bitcoin the price will still be stable around $9k and after the bitcoin price there is good news bitcoin will soar high and many investors will start moving to raise prices bitcoin to be able to provoke market conditions so that there will be many other investors who come to buy bitcoin.

I guess do since the week volume is showing that the price would probably go down if this continues. I'm initially hoping that this price will continue to stay at this stable price for a week or so. The price is just currently staying at $9,100 to $9,300 at least. $10,000 might be another story for a week if the market volume change.

It could be that the decline will happen once again, but that is not what we expected and now the price of bitcoin is holding at $ 9,000 or more and makes investors hesitate to invest because the decline can occur suddenly and there is also the possibility that investors are waiting for the right time right.
but I am optimistic that bitcoin will continue to increase gradually in the next few weeks or at the end of the year and around $ 10,000 to $ 12,000.

teosanru

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Quote from: djcaoile1205 on November 03, 2019, 05:12:20 PM

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/

You cannot really compare everything with bitcoin as it's quite unfair. Bitcoin doesn't moves on the pathways of normal economic derivatives. All the shares, futures & other derivatives have their own pace and volatility and no matter which company brings one they will still move at the same pace. Moreover if we look at this from another point of view these shares already have some intrinsic price which is really pretty much known to everyone in the market which is why it can't provide such returns because market brings it back at that value while when it comes to bitcoin measuring it's intrinsic value is pretty much impossible which is why it moves merely with the wind of the market. If you see it another way then this company wouldn't even give a 80% loss to someone like bitcoin did to ones who bought at 19k.

Hamphser

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Quote from: Google+ on November 06, 2019, 03:56:25 AM

I think this is because many investors are holding sell orders by placing buy orders so that when many are selling bitcoin the price will still be stable around $9k and after the bitcoin price there is good news bitcoin will soar high and many investors will start moving to raise prices bitcoin to be able to provoke market conditions so that there will be many other investors who come to buy bitcoin.

I guess do since the week volume is showing that the price would probably go down if this continues. I'm initially hoping that this price will continue to stay at this stable price for a week or so. The price is just currently staying at $9,100 to $9,300 at least. $10,000 might be another story for a week if the market volume change.

justdimin

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It looks like scenarios are almost always exactly the same, we have went down before and then we went up as well, this time around we went down once again and we are going up too. It is just an endless cycle of bitcoin, let me tell you what will happen in bitcoin next, I am great at predicting bitcoin prices and movements because I am a great mind and expert (lol) bitcoin will move one direction and then it will move to other direction and then it will move to first direction again and then opposite again. This will continue for years and years even decades until we figure out a system that is better than even bitcoin.

Hence, there is nothing to worry about, either price will be $13k then $10k or $7k then $10k but it will always gets a mean average and sometimes it has some rallies that makes it stupidly high or low than goes to other direction after some months. Nothing new will ever happen to bitcoin, it will never go just up without down or just down without up.

audaciousbeing

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While its nice to have seen some stability in price of above 9k in the last couple of days but its not something to rest on because it might not take more then hours for price to come down crashing back to the point where rallying is what that would be discusses while other people would be looking for reasons as to why.

However, comparing bitcoin with a company operating in the economy might not be the right move because for the company going public means its going to be subjected to some high level scrutiny which might either hamper its growth or otherwise and the fact that its profitable in the first quarter does not mean its going to remain so.

Apened

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Quote from: djcaoile1205 on November 03, 2019, 05:12:20 PM

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/

I'm thinking what was the relation of the title to the news or idea that you've share this belongs to other threads. Anyway., Bitcoin holds $9000 that is a good positive sign of potential bull market much more if we closes above 9550 as of now to continue going up above 10k mark.
With regards to your shared idea. It is one of the biggest IPO in history well it is on stock but not in crypto.

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I think this is because many investors are holding sell orders by placing buy orders so that when many are selling bitcoin the price will still be stable around $9k and after the bitcoin price there is good news bitcoin will soar high and many investors will start moving to raise prices bitcoin to be able to provoke market conditions so that there will be many other investors who come to buy bitcoin.

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Quote from: djcaoile1205 on November 03, 2019, 05:12:20 PM

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/

The aren't even close to each other though. Oil has been a necessity and will always been a necessity specially the world continuously progressing. On the other hand, bitcoin ain't never been like that nor known by every other people. So comparing oil to bitcoin has no point though. Imagining the huge return like that is close to being impossible. Well that would be a lot of gain though, in addition, when certain price comes like that it is more likely the world has faced and accept crypto currency totally.

Jating

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Quote from: djcaoile1205 on November 03, 2019, 05:12:20 PM

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/

We can't compare and return of investments in the first place. I mean they are a registered company while we all know that bitcoin is a free market and open for everyone.

But it will be really interesting how much they could raise here, they already have the money as we all know who the backer of Saudi Aramco, and to be honest though, why do they need to go to IPO when have been billions of reserves already. And to be honest, I don't see any connections of crypto from IPO that Saudi Aramco is planning. And it you read the article, they just inserted it for the sake of comparison, maybe just another shitty and the OP somewhat mislead us by quoting it here.

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