BTC is a roller coaster - page 37. | Bitcointalksearch.org

timerland

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Quote from: timmyzhl on June 18, 2017, 05:04:34 AM

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?

Bitcoin is decentarlized, and if something is decentralized you are going to have a lot of volatility. There is no way that you will be able to change this, until merchants are able to accept bitcoin at face value and not fiat value of bitcoin.

Foreign exchange markets are realtively stable compared to bitcoin because governments are actively manipulating their currency. exporting countries in particular are slowly but steadily trying to depreciate their currency. If a country's national country rises too much, the central bank is able to dump a whole bunch of their newly printed, fresh fiat onto the market, driving the price down. If it goes down too much, the country can sell parts of its reserves. With crypto, you don't need to worry about government intervention, but short term volatility is the compromise. If you don't think that you can cope with the fluctuations, simply sell any portion of your bitcoin for cash, and keep the rest so that you don't get affected as much.

hello_good_sir

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Quote from: timmyzhl on June 18, 2017, 05:04:34 AM

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?

The main thing with the recent volatility is that the bitcoin price has been up a lot in recent days and everyone knows that a crash has to happen sooner or later. Whether sooner or later, we do not know. Some traders are dumping in an attempt to get others to panic dump alongside them, others are actively buying, thinking that the price will hit $3000 and make a quick profit. So some days you see bitcoin going down a couple of hundred bucks, other days you see that bitcoin is up by a couple of hundred. Completely unpredictable, that's just how it is.

I think that the price floor is set now at $2000. There is just no way that bitcoin is going under that floor, unless something like a hard fork going completely out of hand, like much worse that ETC and ETH. Whilst older bitcoin enthusiasts are already used to this sort of volatility, i know that newbies still fear using bitcoin because of this. Don't panic, because in the long run, you'll always be able to cash out your coin for more than you bought them for.

magneto

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Quote from: timmyzhl on June 18, 2017, 05:04:34 AM

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?

When you are using bitcoin since 2011 like me, you really don't care about short term fluctuations.

I really couldn't care less about whether bitcoin is going up by $100 today or dropped $500. All I know is that bitcoin is going to go up in the long term, and that is in my opinion the most important thing that anyone should know about bitcoin. The fact that there is only going to be 21 million ever created is just amazing - in my opinion this is what makes bitcoin special. Even grains of gold can be made out of similar elements even though it takes a lot of money, but the maximum coins will be 21 million no matter what.

When you're in bitcoin, you're in for the long game. If you are impatienct and just want to double your money in 2 months, don't invest in bitcoin. You gotta have balls. Bitcoin has its ups and downs, but the general direction is up, and this is backed up by long term supply and demand.

Finestream

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Quote from: timmyzhl on June 18, 2017, 05:04:34 AM

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?

I guess you have to fully understand what's the nature of bitcoin when it is traded, well to let you know we have a volatile market and the price could go pump and dump anytime. Get used to it and learn to capitalize the reality, as for me, I am happy with the current norms, I've been getting more money when there is a dump because I'm sure I will buy even without knowing the reasons sometimes, that's how I trust bitcoin.

BlokF4No27

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Quote from: Pearls Before Swine on June 20, 2017, 04:50:06 PM

Another one for the ignore list.

Nobody can tell you what the price is gonna be next week, not even the 'tycoons'. Use periods and the local boards more judiciously.

Yeah right and I think this is a good thing if we're trading, with prices fluctuating then we can generate a lot of profit (the price goes up or down). In addition I note the price because many speculators profit taking with this situation.

squatz1

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Flying Hellfish is a Commie

This is bound to happen and you're really unable to do anything about it, you're dealing with a currency that has people in it that are so keen on the price going up and up and moon shooting that they think they'll be able to just simply keep buying and buying and they'll make money at some point through all of this. I myself, am not one of the people that think this is possible in the least, there's going to be a time where the price has to fall due to news, panic etc.

Bitcoin I think, should be lower than it is right now. I don't feel as if the price should be so high based on the currency usability of Bitcoin which is pretty low. It's currently being used as a mostly trading coin but DOES have usage besides that, though I do think the price increase is simply from trading.

Roller Coaster = Due to massive amounts of trading happening at the moment.

Pearls Before Swine

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Another one for the ignore list.

Nobody can tell you what the price is gonna be next week, not even the 'tycoons'. Use periods and the local boards more judiciously.

rickadone

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Quote from: xLittlegirly on June 19, 2017, 02:37:49 PM

i really feel now its not gonna drop much . Many people have invested a lot on bitcoin .

That negative feeling itches me, I am not against your opinion that yes everything that rises too quickly usually falls with even higher speed but bitcoins since their known existence have only seen the path up and up only.

I know its normal the price would come close to 2k and then rise again but expecting a big fall is just beyond my thinking. Are you just saying this because BTC's earlier average price was around 800$ ? If so then mate a few yrs back it was like 100$

totaleclipseofthebank

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The price of bitcoin is always looked like a roller coaster but that roller coaster leads bitcoin to the moon. So, there is nothing need to be worry. Just hold your bitcoin and you will have a good reward

peter0425

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Quote from: bouren on June 20, 2017, 01:39:20 PM

While people claiming bitcoin to be very volatile these days, for me its kind of more stable.
Prices are around $2600 from last 3 days and can be refer as present equilibrium situation where there are saturated neutral buyers and sellers.
This is what bitcoin should achieve in coming days. Rather than being prone to day trading, it should attract stable investors who can hold it for some time and contribute to strong and stable prices.

Well we are experiencing somewhat a slow phase. Right now its bordering $2600-$2700. Maybe this is the correct price of bitcoin. But for me chances of getting to $3000 is so strong right now. Maybe in a couple of weeks we can achieved this. So we may experienced a roller coaster ride a long the way but the wait for the elusive $3000 price is almost at reach.

bouren

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While people claiming bitcoin to be very volatile these days, for me its kind of more stable.
Prices are around $2600 from last 3 days and can be refer as present equilibrium situation where there are saturated neutral buyers and sellers.
This is what bitcoin should achieve in coming days. Rather than being prone to day trading, it should attract stable investors who can hold it for some time and contribute to strong and stable prices.

danipay

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Quote from: Boov on June 20, 2017, 02:45:51 AM

Quote from: timmyzhl on June 18, 2017, 05:04:34 AM

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?

this is the reason why investing is both a science and an art. you have to know the factors of fluctuations and sometimes you just have to go with your guts. the rise and fall of prices makes this trade exciting and addictive. you just have to be keep updated on the trends and prepare yourself for the best or worst.

With this kind of thing that many traders get big profits.
Successful selling price is very high, success also buy with very cheap price.
If in several times a day they success like that, every one believe that they will get awesome profit per month.
Dont you want like them?

Cosbycoin

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Quote from: timmyzhl on June 18, 2017, 05:04:34 AM

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?

Yes it is, but it is also worth enjoying the ride.
The ups and downs happens with all currencies, but since it is marginal, we neglect it. As it is with bitcoins, since there is no one to regulate, it follows its own course. But if this is not happening then traders may not like it to consider it as part of their portfolio.

Boov

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Quote from: timmyzhl on June 18, 2017, 05:04:34 AM

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?

this is the reason why investing is both a science and an art. you have to know the factors of fluctuations and sometimes you just have to go with your guts. the rise and fall of prices makes this trade exciting and addictive. you just have to be keep updated on the trends and prepare yourself for the best or worst.

onrise

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Quote from: ocid on June 19, 2017, 10:42:00 PM

It is true lately bitcoin prices decreased even the value of altcoin others sometimes follow this decrease is due to reduced investors or also can be caused by the many people who panic so they rush to sell or buy bitcoin, causing an unstable price.

Currently btc prices have started to gain and have reached 2640$ . Ystd it was trading around 2500 +. So who know btc prices in coming day may reach again 3000= like previous couple of weeks back as it was. Hope it get stabilized above 3k now without any roller coaster ride.

ocid

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It is true lately bitcoin prices decreased even the value of altcoin others sometimes follow this decrease is due to reduced investors or also can be caused by the many people who panic so they rush to sell or buy bitcoin, causing an unstable price.

skorupi17

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Quote from: timmyzhl on June 18, 2017, 05:04:34 AM

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?

The ups and downs are very common for the price of Bitcoin since the supply and demand dictates the price. So as for you, you have to get used to it because you've seen nothing. Your title is correct about the Bitcoin boarding a roller coaster. You can see some charts that justifies the title. We can see Bitcoin's price go up, go down, go very high and low. Volatile, that's Bitcoin for you. Wink

jak3

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i wish bitcoin price goes around 900$ for some days so i can just buy as much as possible coins ( like sell everything and buy btc). i know this roller coaster is already visited moon . i remember that day when mtgox exchange price reached $1000 and it crashed and today its even beyond that mark. i don't know where it will go next but one thing i know for sure that bitcoin is the best long term investment all over the world. just invest in it and wait for some days and after those days if the money has turned into profit then enjoy or just wait for the price to rise up.

xLittlegirly

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i really feel now its not gonna drop much . Many people have invested a lot on bitcoin .

matrix zion

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Quote from: xuan87 on June 18, 2017, 05:09:40 AM

Well it is a decentralised coin, so the trigger is the supply and demand, so it is no wonder the price movements like roller coaster and bitcoin is already quite stable, if you compare it with alt coin you will see a wild roller coaster, but this is the things that makes it interested, the volatility is the place where the trader looking for money

Which is true for all products not only for decentralized production.
Anyway the problem with BTC is that market cap is reaaaaaaaaaaaaaally low. That means supplyand demand can really have a great impact. Consider a currency like dollars: supply and demands are SO BIG that variations are really low. And that's what's btc is missing: stability ^^

Topic: BTC is a roller coaster - page 37. (Read 8528 times)