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Topic: High volatility and sudden crashes will kill bitcoin, unless... - page 4. (Read 2495 times)

hero member
Activity: 1190
Merit: 534
I slightly have different opinion on this, I don't think it will kill the bitcoin in any ways. Yes, it might affect the price badly but it won't destroy the bitcoin. Believe me or not but there are many people with cash in their banks are waiting outside bitcoin to enter in it at a right price and in every crash such people jump in with their fiat balance so it doesn't affect the price as it is supposed to as per the over supply principle.

Right on point, that's why I strongly suggest we stop spreading false news in order not to cause newbies to panic and sell what they own. At this stage of Bitcoins career is where everyone should be confident to invest because whatever dumping that may occur as a result of the volatility will be restored back to normal as readily available enthusiasts are waiting to get onboard in such circumstances.

Such things promote panic selling even in the little loss but that is nothing as compared to the loss of the long-term (the profit forgotten just because of early exits). We have to understand the fact that there are traders and even institutional investors entered in the bitcoin and their actions will create short-term volatility on the price chart but in the long term we will have actual growth of bitcoin through user base point of view and that would be the strong growth of it.
sr. member
Activity: 686
Merit: 253
I slightly have different opinion on this, I don't think it will kill the bitcoin in any ways. Yes, it might affect the price badly but it won't destroy the bitcoin. Believe me or not but there are many people with cash in their banks are waiting outside bitcoin to enter in it at a right price and in every crash such people jump in with their fiat balance so it doesn't affect the price as it is supposed to as per the over supply principle.

Right on point, that's why I strongly suggest we stop spreading false news in order not to cause newbies to panic and sell what they own. At this stage of Bitcoins career is where everyone should be confident to invest because whatever dumping that may occur as a result of the volatility will be restored back to normal as readily available enthusiasts are waiting to get onboard in such circumstances.
legendary
Activity: 1232
Merit: 1000
One of the things that atracted several investors were the high volatility it has, being able to crash 20% in one single and recover those on the short-medium period, bitcoin is a cash machine for some people, who play forex can make huge loads of money with it, and daily traders as well investors should know already about the risks.

The volatility can let day traders mint money, but their entire capital can also get wiped out if their calls go wrong.
High volatility is a double-edged sword. Of course, gamblers couldn't care less.
hero member
Activity: 1190
Merit: 534
I slightly have different opinion on this, I don't think it will kill the bitcoin in any ways. Yes, it might affect the price badly but it won't destroy the bitcoin. Believe me or not but there are many people with cash in their banks are waiting outside bitcoin to enter in it at a right price and in every crash such people jump in with their fiat balance so it doesn't affect the price as it is supposed to as per the over supply principle.
hero member
Activity: 729
Merit: 500
One of the things that atracted several investors were the high volatility it has, being able to crash 20% in one single and recover those on the short-medium period, bitcoin is a cash machine for some people, who play forex can make huge loads of money with it, and daily traders as well investors should know already about the risks.
sr. member
Activity: 378
Merit: 250
I don't think Bitcoin will undergo major downs in coming days as it does before. In past we have seen it crashing by 50-60% but the last crash was only of about 10-20% which also recovered its the in a day, this shows Bitcoin adopters have increased overtime and more users means more stability.

Somehow mass adoption helps in lowering percentage of crash, though the crash were happen really fast just like in a day its totally arising then when midnight fall it lower which is unexpectedly.
sr. member
Activity: 392
Merit: 250
I don't think Bitcoin will undergo major downs in coming days as it does before. In past we have seen it crashing by 50-60% but the last crash was only of about 10-20% which also recovered its the in a day, this shows Bitcoin adopters have increased overtime and more users means more stability.
hero member
Activity: 994
Merit: 544
High volatility can no longer kill bitcoin since bitcoin holders are now smart and are always ready when a dip or when the bubble burst. If you notice the trend that after a dump bitcoin can recover fast and that is because the bitcoin dump was being expected to occur and many bitcoin buyers are waiting for that event. While those who bought bitcoin at a higher value does not sell their bitcoins but patiently waits for a increase in value so they can sell it in a higher value compared to the price they bought it.
sr. member
Activity: 546
Merit: 250
Hi Ev'rybody.
Last days we witnessed a 20% crash in bitcoin, not to sepak about other crypto, including ETH that had the most solid growth till then.
These anomalies, as good as they might be for day traders, does not speak well about the BTC as a reserve currency.

As I said before, there's a reason why paper money was pegged to gold prices and reserves. Because any currency needs a reference value if it is going to avoid those dramatic ups and downs. The euphemism of USDT is just out of question.

And even though I'm strongly against any regulation of BTC or any other crypto, I have to say, leaving it freely float poses dangers such those I said, plus manipulations of speculators who can, by their own operations, affect prices at will.

So, I will insist that crypto needs a value reference. And as I said in my other posts, the best reference value is ENERGY. The most pure asset in the universe.
And there's got to be a way to tie the value of bitcoin to Joules. There's already SOLARCOIN, but to be honest I'm not sure how that is working.

Future economy has to be energy-based.

Please feel free to download my proposal in pdf: Teraflops and Terawatts at:

https://drive.google.com/open?id=0B7JgGimv_JMJaWdYQXdtb1RVZVE


Greets,

http://estaciontrend.blogspot.com/


My opinion is that the threat is the effect of the btc to our economy and not the btc itself. It is how people would use or utilize the power of btc. Transaction cannot be easily hacked unless brute forced but it would takes millions of years so therefor it is untouchable and it is just the patronizers that reality is going beyond it's purpose. You also right that it needs to be energy based because it general it is generating a new era that can function without a barter trade or it is only a one sided trade.
legendary
Activity: 1246
Merit: 1000
There are coins linked to almost every other asset - Oil, Gold, Energy, even Dollar.  Roll Eyes
While these are interesting concepts, Bitcoin has achieved scale and has large hashing power backing it. So it won't be easy for an alt to displace it.
newbie
Activity: 7
Merit: 0
Hi Ev'rybody.
Last days we witnessed a 20% crash in bitcoin, not to sepak about other crypto, including ETH that had the most solid growth till then.
These anomalies, as good as they might be for day traders, does not speak well about the BTC as a reserve currency.

As I said before, there's a reason why paper money was pegged to gold prices and reserves. Because any currency needs a reference value if it is going to avoid those dramatic ups and downs. The euphemism of USDT is just out of question.

And even though I'm strongly against any regulation of BTC or any other crypto, I have to say, leaving it freely float poses dangers such those I said, plus manipulations of speculators who can, by their own operations, affect prices at will.

So, I will insist that crypto needs a value reference. And as I said in my other posts, the best reference value is ENERGY. The most pure asset in the universe.
And there's got to be a way to tie the value of bitcoin to Joules. There's already SOLARCOIN, but to be honest I'm not sure how that is working.

Future economy has to be energy-based.

Please feel free to download my proposal in pdf: Teraflops and Terawatts at:

https://drive.google.com/open?id=0B7JgGimv_JMJaWdYQXdtb1RVZVE


Greets,

http://estaciontrend.blogspot.com/
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