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Topic: How do you interpret the fluctuation of Bitcoin price ? (Read 590 times)

hero member
Activity: 1008
Merit: 960
I consider it as consolidation points to get more BTC

Well, the thing is that it's always a good time to get more BTC.

Until you need money for something interesting, like real estate, or any other valuable asset.

Selling BTC for fiat only to keep it makes little sense to me.
jr. member
Activity: 98
Merit: 2
Short term is harder to handle though. Sure it does bring you profit if you know what you are doing, but it is a lot harder to make money from that and I would advise against it. On the other hand if we are talking about long term then you literally do nothing.
The short term is certainly difficult for beginners who do not know how the market works and do not know the trading knowledge they should master.
Difficult or not depends on how one can learn the science of trading well. Difficult and Easy is Relative, some prefer to do short-term trading because they master it and some do long-term because it does not require more detailed analysis.

I personally believe that if you are a newbie then you should go for long term at first, while your money is in bitcoin, hold it there, and start learning about short-term trading. Overtime you can withdraw some of that long-term money, but I mean like 10%, and then test out trading, if you are doing great then you can put more money into it, if you are not doing great then wait it out and get more money for trading again, do this until you are better.
Long-term for a beginner does look easier, but you also need to know that long-term will also pose a psychological risk.
If beginners cannot handle it and the money they invest for the long term is still needed for other purposes, then when the price is still falling they will cutloss, which is even very detrimental. If you intend to do long-term, you must be ready with the money used.

Some testing is necessary, in order to find where you are suitable for trading.
Determine money management well and don't panic about everything. Short-term should be ready with the spare money and long-term do with DCA.

Indeed. Long-term needs psychological power to deal with price fluctuation. Recently I invested in the new altcoin ARB when the price was reaching $1.27. In the beginning, everything was great, the price going up and everyone was happy. These days the ARB price (also Bitcoin price and others') is keeping going down and technically I lost money. However, I did not sell them and chose to keep. I have to make this investment as a long term because selling at this point is an absolute loss but if I wait patiently until the next bull run, I will probably make money. Anyway, even if the price never recovers, I will be fine. That's the money I can afford to lose.



legendary
Activity: 2744
Merit: 1878
Rollbit.com | #1 Solana Casino
Short term is harder to handle though. Sure it does bring you profit if you know what you are doing, but it is a lot harder to make money from that and I would advise against it. On the other hand if we are talking about long term then you literally do nothing.
The short term is certainly difficult for beginners who do not know how the market works and do not know the trading knowledge they should master.
Difficult or not depends on how one can learn the science of trading well. Difficult and Easy is Relative, some prefer to do short-term trading because they master it and some do long-term because it does not require more detailed analysis.

I personally believe that if you are a newbie then you should go for long term at first, while your money is in bitcoin, hold it there, and start learning about short-term trading. Overtime you can withdraw some of that long-term money, but I mean like 10%, and then test out trading, if you are doing great then you can put more money into it, if you are not doing great then wait it out and get more money for trading again, do this until you are better.
Long-term for a beginner does look easier, but you also need to know that long-term will also pose a psychological risk.
If beginners cannot handle it and the money they invest for the long term is still needed for other purposes, then when the price is still falling they will cutloss, which is even very detrimental. If you intend to do long-term, you must be ready with the money used.

Some testing is necessary, in order to find where you are suitable for trading.
Determine money management well and don't panic about everything. Short-term should be ready with the spare money and long-term do with DCA.
member
Activity: 756
Merit: 16
We All Can Make It

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.
Investors can buy Bitcoin at any price without being worried because in the long run Bitcoin is bullish, the people that worries much about price are the traders. Traders see bitcoin as a profitable business while investors see bitcoin as a vital asset.
hero member
Activity: 1008
Merit: 960
History teaches us that bitcoin can be bought at any current price - after some time this investment will definitely bring profit. 

However, this profit in dollar terms can be significantly increased by buying the first cryptocurrency at local lows, and not at local highs.  Bitcoin very often gives us such chances.  In fact, these are excellent opportunities to buy more bitcoins and therefore become richer. 

Now, in my opinion, is a good time to buy bitcoins.  So far, the price cannot exceed the psychologically significant mark of $30,000. 

By the way, the average purchase price of MicroStrategy bitcoins is approximately $30,000. 

I would assume that all Bitcoin purchases below $30,000 will generate good returns going forward.

MicroStrategy is buying bitcoins no matter what.

El Salvador is buying bitcoins no matter what.

That seems to be a great way to accumulate Bitcoin in the long term.
legendary
Activity: 2338
Merit: 1775
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History teaches us that bitcoin can be bought at any current price - after some time this investment will definitely bring profit. 

However, this profit in dollar terms can be significantly increased by buying the first cryptocurrency at local lows, and not at local highs.  Bitcoin very often gives us such chances.  In fact, these are excellent opportunities to buy more bitcoins and therefore become richer. 

Now, in my opinion, is a good time to buy bitcoins.  So far, the price cannot exceed the psychologically significant mark of $30,000. 

By the way, the average purchase price of MicroStrategy bitcoins is approximately $30,000. 

I would assume that all Bitcoin purchases below $30,000 will generate good returns going forward.
legendary
Activity: 3024
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
Long-term or short-term both provide benefits. Just adjust whichever is right for you.
If you are fit for the long term by buying gradually it will be a good opportunity for you and can enjoy the benefits when the target has been reached.

But for those traders who make short-term investments, there will be benefits to be gained from every price fluctuation that occurs.
Scalping, Swing trading, and other methods can be used to make quick profits, but this requires expertise in technical and fundamental analysis and psychological readiness to monitor the market at all times.
Short term is harder to handle though. Sure it does bring you profit if you know what you are doing, but it is a lot harder to make money from that and I would advise against it. On the other hand if we are talking about long term then you literally do nothing.

I personally believe that if you are a newbie then you should go for long term at first, while your money is in bitcoin, hold it there, and start learning about short term trading. Overtime you can withdraw some of that long term money, but I mean like 10%, and then test out trading, if you are doing great then you can put more money into it, if you are not doing great then wait it out and get more money for trading again, do this until you are better.
legendary
Activity: 2744
Merit: 1878
Rollbit.com | #1 Solana Casino
I have been fond of long term investing.  Bitcoin going down to $20k is a great opportunity for me to invest in it.  I am not a speculator and I think it is good for investors like me to invest at the bottom.  But if you are a trader I don't know how they think so I'm not sure about my opinion for short term investing.
Long-term or short-term both provide benefits. Just adjust whichever is right for you.
If you are fit for the long term by buying gradually it will be a good opportunity for you and can enjoy the benefits when the target has been reached.

But for those traders who make short-term investments, there will be benefits to be gained from every price fluctuation that occurs.
Scalping, Swing trading, and other methods can be used to make quick profits, but this requires expertise in technical and fundamental analysis and psychological readiness to monitor the market at all times.
newbie
Activity: 72
Merit: 0
I consider it as consolidation points to get more BTC
sr. member
Activity: 1610
Merit: 406
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I have been fond of long term investing.  Bitcoin going down to $20k is a great opportunity for me to invest in it.  I am not a speculator and I think it is good for investors like me to invest at the bottom.  But if you are a trader I don't know how they think so I'm not sure about my opinion for short term investing.
member
Activity: 96
Merit: 10

Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ?
Bitcoin as a digital currency has experienced an increase in price. There are some speculators who predict that the market will fall, but there are also many who believe that it will continue to rise.
There is no point in speculating about this now. Right now bitcoin is having constant local corrections, but I think it's still a good time to buy bitcoin for small amounts.
member
Activity: 317
Merit: 43

Bitcoin fell to as low as around $15k and people were still asking this question if it was the right time to buy Bitcoin. Even if Bitcoin were to fall to $5k or below, I believe instead of people to massively buy they will be questioning if Bitcoin is Dead. Price fluctuation or volatility is normal in the Bitcoin market and even new investors should take advantage of this current price if they really want to invest.

Of course, if Bitcoin ever drops to $5k, people will be more concerned about whether Bitcoin is dead than investing here! Will Bitcoin end? I would not, however, think that those who actually invest in Bitcoin are always waiting for a bear market in the market.They know that the market will give us an opportunity to invest, that is the bear market. Bear markets have always been behind Bitcoin's rise from lows to highs. So is Bitcoin over? Of course not. It's best to use that as a good time to invest as we have many bear markets coming up next.
jr. member
Activity: 98
Merit: 2

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.
Bitcoin fell to as low as around $15k and people were still asking this question if it was the right time to buy Bitcoin. Even if Bitcoin were to fall to $5k or below, I believe instead of people to massively buy they will be questioning if Bitcoin is Dead. Price fluctuation or volatility is normal in the Bitcoin market and even new investors should take advantage of this current price if they really want to invest.

Price volatility is normal but within a short run, most people tend to focus on the latest price change. Let's say, $15k surging to $25k may not be a huge leap in the long term for Bitcoin but for any investors, if you bought Bitcoins at $15k yesterday and two weeks later the price became $25k, that would mean a high return from the investment. If the price was the other way around, that would be a huge loss. So everything is situational and it is not weird every time people ask the same question because no one can predict the market tomorrow.
full member
Activity: 1512
Merit: 115

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.
Bitcoin fell to as low as around $15k and people were still asking this question if it was the right time to buy Bitcoin. Even if Bitcoin were to fall to $5k or below, I believe instead of people to massively buy they will be questioning if Bitcoin is Dead. Price fluctuation or volatility is normal in the Bitcoin market and even new investors should take advantage of this current price if they really want to invest.
hero member
Activity: 1750
Merit: 589
Well to me, this has been the most volatile bitcoin has ever been in its 10+ years run. Some may say the 2020 is a much more chaotic year but then again up until 2021 the currency remained rising in value which is something that is really expected of it during those times. This time however, with the SVB failing and many other shenanigans in the real world taking its course, one would've assumed bitcoin is supposed to drop in value along with these current events, but as it stands today bitcoin is rising in value, even went so far as to jump from 20k to 26k despite the fact that SVB, one of the "most trusted" banks in the US has failed. Just weird times man, and people are saying bitcoin's not as financially secure as investing money in a bank.
member
Activity: 317
Merit: 43
Investing in Bitcoin becomes difficult for some people. They think Bitcoin is hard. But I don't think so, I invest there, sleep well. Don't worry so much about the money invested. Because I am a long term investor. I don't panic as often as they do. And I believe that Bitcoin will never stop. So I invested in Bitcoin and slept soundly until it went up.
sr. member
Activity: 771
Merit: 258
Trident Protocol | Simple «buy-hold-earn» system!

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.
The recent drop in Bitcoin's price may present an opportunity for some investors to buy at a lower price, but it is important to approach any investment decision with caution and careful consideration of individual circumstances.
Regarding whether it is a good time to invest in Bitcoin, this is a decision that depends on many individual factors, such as your financial situation, investment goals, and risk tolerance and always DYOR before investing
member
Activity: 78
Merit: 11

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.

The fluctuation of Bitcoin price is a complex phenomenon that can be influenced by various factors, such as market demand, supply, geopolitical events, and technological developments. Some experts interpret the fluctuation of Bitcoin price as a natural aspect of any asset market, where buyers and sellers are constantly adjusting their positions based on their perceptions of the market conditions.

Others see Bitcoin's price fluctuations as a reflection of its relatively new and untested status as a decentralized digital asset that operates outside of traditional financial systems. These experts argue that the volatility of Bitcoin price is a result of its lack of intrinsic value and the uncertainty surrounding its long-term viability as a store of value.

Overall, the interpretation of Bitcoin price fluctuations varies among experts and depends on their perspectives and beliefs about the underlying factors that drive the cryptocurrency market.
hero member
Activity: 1820
Merit: 747
Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable.
You will always see bitcoin fluctuations in the market, the process of correction and recovery will continue at any time and can never be avoided. You already know bitcoin that's why it doesn't matter about price fluctuations, but it will be different if people who don't understand bitcoin.

For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.
Most people rely on bitcoin as a long term investment and some use short term patterns. For the long term potential whenever you can take the approach to make a purchase, while the short term depends on how you want to profit. I think bitcoin can be bought in any condition according to the investment pattern you make, but most people use the decline process as an approach to buying.

There is a term market sentiment that occurs so that bitcoin has decreased, one of which may be negative news that is developing or there are other, more fundamental influences that cause bitcoin to be corrected and there may be many factors causing the decline that occurred. According to my observations today and yesterday bitcoin has returned to the recovery stage from the previous correction process, even today it is in the $24k price range.
jr. member
Activity: 98
Merit: 2
~snip~
Thanks for sharing your thoughts. You have done abundant research and I guess you are not on impulse. The analysis of the everyday news is quite necessary and each of us must learn to have a critical thinking. As the Bitcoin price surges again, more confidence will be built for new investors/traders. I am pretty sure we will witness another ATH. Just be patient.

I think having the mentality of adding more and more to your Bitcoin stash helps.

Because it doesn't matter what price it is today, you're still saving.

It's kind of like investing in a passive index fund, but better, because it's bitcoin

As we have seen now, only a couple of days ago the market was quite volatile and shaky and people were already discussing when we are going to see 17k prices. Despite all the bad news like the banks crashing and bad regulation being proposed by Joe Biden's administration, we have immediately seen a big comeback and even more than that. We just blasted through the 25k and now consolidated around that number. Probably we are not going to see 17k or even prices below that ever. That's a bullish sign to me because when even bad news about regulations and important banks crashing can't push Bitcoin down, then what can?

Too much volatility has not weakened Bitcoin but made it stronger. This is another proof that Bitcoin has endured the market and a huge comeback boosts all investors and traders' confidence again. Friends of mine begin to buy more Bitcoins and i am planning as well. If this is not a big time to invest, I can not think of a good one in no time soon.


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