Do you think the price of Bitcoin will remain stable at this price? - page 3.

tabas

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

Did you miss it when it went under $30k? a lot have lost because they panic sold at that level, and if they've bought back as it retrieves its price @ $30k, they were a total loss.
$32k and getting back on track to $33k will make everyone buy it again and would think that they've made the wrong decision. It's as usual whenever the market goes in a dip, many panic sellers.

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

I thought traders love volatility. 5%? 10%? How else would it be possible to scalp on a daily basis and compound bankrolls to achieves 2x, 3x or whatever promise traders make these days?

Price going down doesn't necessarily mean people losing money, by the way. Way more people having Bitcoin now bought it at below 30k anyway. Those buying above can't be selling too much.

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

Why do you think If Btc goes below $30,000 many people will lose money? That's a very wrong perspective.
Actually that's not automatic. Even if btc falls below $30,000 as long as you don't sell, do you think you'll lose some money?
If you're invested in Bitcoin or other alts, I don't think you have enough idea how to handle your investment. Btc has come a long way. Btc cost only a few cents back in 2010 and with a span of 11 years, here's Bitcoin cost $32,000+ as of today.
All you need to acquire is a long term perspective.

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Predicting future happenings in bitcoins comes down to the faith of the trader itself. Though I personally believe that this price will remain for 2 months, and part of me also believes that it will increase up to 40-50k in these two months. But given the trends that happened these past few days, I would say that it can go up to 29-30 and that would be the lowest.

Leviathan.007

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Currently due to many factors it's too hard to predict price. But, if you ask me, I would say the price already done the uptrend movement and and we are still on the bull-run. Any uptrend needs a price correction and the price is now at this situation to take a rest and go for the higher prices. In my own idea, the price will stay stable at correct price level for a little or fall a little more and then this can go for the higher target prices to break the ath again.

arbiter5

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It could go either way. You might as well just flip a coin because no one could say with certainty what's going to happen.

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Bitcoin prices are difficult to predict bitcoin prices can change at any time so if you are sure the bitcoin price is going up then all you need to save is to get a big profit, but if you believe the price will go down, you better sell bitcoin now before you lose money depending on your beliefs and read and monitor the market.

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3 Possible Scenarios that might happen in the next days to weeks

1. It may go below $30,000 and stay there for quite some time.
2. It may go above $40,000 and stay there for quite some time.
3. It may move sideways between the $30,000-$40,000 price range like what it did when it went sideways at the $10,000-$11,000 months ago.

You can build a plan base on the 3 scenarios that might happen. Its hard to predict whether it will be stable at that price range.

rokon1234

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For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

Topic: Do you think the price of Bitcoin will remain stable at this price? - page 3. (Read 338 times)