How do you interpret the fluctuation of Bitcoin price ? - page 3.

buwaytress

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Quote from: Distinctin on March 11, 2023, 05:15:12 PM

Quote from: buwaytress on March 10, 2023, 09:10:39 AM

Bad news is arguable =)

If you're a trader/speculator and you've got expiring long bets, sure.

If you're a DCA guy and you haven't met your target hoarding (hello, that's me), then it's more time and opportunity to get Bitcoin below $20k, knowing that's not going to last forever.

FUDs are always inevitable when Bitcoin suddenly drops its price, without understanding that bitcoin is highly volatile so it’s expected to see some price swings from time to time. However, seeing this sharp decline, I believe it’s even a bigger opportunity for long term hodlers to continue DCA while the price is now affordable. But for narrow minded investors, this will cause them panic and end up selling their bitcoin at a losing price.

I've said it before, but FUD isn't just inevitable, it's necessary (to me, anyway). I've got no problem with FUD, just the same way I don't really have a problem with FOMO. They come in equal measure, just not at the same time, and obviously are both retrospective kneejerks most of the time.

But we're talking about something a bit different here, and how to perceive this current period of price action. You can view it as bad news, and then it's FUD. Or you can view it as opportunity (dare I say that's FOMO?).

yazher

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Quote from: FireDAOJackie_Z on March 10, 2023, 05:17:08 AM

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.

It's still good to invest when the price has dropped like what we are seeing today and you need to remember that it's not like other cryptocurrencies which might not recover after their price has dropped because of multiple negative reasons. In bitcoins, we don't have that scenario and when you are willing to wait and patient enough to wait for the next bull runs, you will surely going to be happy and your sacrifice will automatically pay off. That's just how good bitcoin investment is, and if only they wait long enough, they could have seen the price rise up to $30k+ but some people are in rush, that's why the price has suddenly dropped these past few days.

Inwestour

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Quote from: AmoreJaz on March 11, 2023, 04:38:03 PM

there will always be this up and down movement in this market, and it is up to you how you will act on this to take advantage of the opportunity. the fluctuation won't go away anytime soon as this is still the major feature of crypto market. the volatility factor is one major factor why this market is very attractive to traders.

If we are talking about long-term investments, then there is nothing to worry about, it will bring results in the future. In addition, this time can also be used for trading, if I buy now when the price has dipped, then I will sell when it rises +10% or higher, and if the price continues to fall, then I will not worry about this, because I so I buy bitcoin for long-term investment. To some extent, this is risk-free trading for me.

nullama

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Quote from: Botnake on March 11, 2023, 05:30:36 PM

~snip~
Bitcoin price fluctuations is already part of a highly volatile market as you won’t expect for bitcoin to keep on surging high without even dumping its price at some point. So it’s never a new thing for us. But for beginners, I can see that this will be a threat for them and believe that bitcoin is not a potential investment. However, for smart investors on the other hand, this will bring them another opportunity to invest while the market opens a good entry.

The thing is that if people keep thinking about fiat price of Bitcoin then they will probably miss the whole point of Bitcoin, which is to have an independent economy.

At the end of the day the purchasing power of Bitcoin will increase over the long term, so focusing on short time-scales noise is not really that relevant.

Botnake

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Quote from: FireDAOJackie_Z on March 10, 2023, 05:17:08 AM

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 price fluctuations is already part of a highly volatile market as you won’t expect for bitcoin to keep on surging high without even dumping its price at some point. So it’s never a new thing for us. But for beginners, I can see that this will be a threat for them and believe that bitcoin is not a potential investment. However, for smart investors on the other hand, this will bring them another opportunity to invest while the market opens a good entry.

Distinctin

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Quote from: buwaytress on March 10, 2023, 09:10:39 AM

Bad news is arguable =)

If you're a trader/speculator and you've got expiring long bets, sure.

If you're a DCA guy and you haven't met your target hoarding (hello, that's me), then it's more time and opportunity to get Bitcoin below $20k, knowing that's not going to last forever.

FUDs are always inevitable when Bitcoin suddenly drops its price, without understanding that bitcoin is highly volatile so it’s expected to see some price swings from time to time. However, seeing this sharp decline, I believe it’s even a bigger opportunity for long term hodlers to continue DCA while the price is now affordable. But for narrow minded investors, this will cause them panic and end up selling their bitcoin at a losing price.

AmoreJaz

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Quote from: Japinat on March 11, 2023, 08:29:40 AM

It's quite normal in the crypto space, but the good thing now is that the price has already pumped and remained at the $20k level. I believe that from here we will see a stable increase that could possibly result in a bull run. The only advice I can give is to buy when there's FUD (fear, uncertainty, and doubt) as it always gives us an opportunity, assuming that you believe Bitcoin will survive despite experiencing a significant dump.

there will always be this up and down movement in this market, and it is up to you how you will act on this to take advantage of the opportunity. the fluctuation won't go away anytime soon as this is still the major feature of crypto market. the volatility factor is one major factor why this market is very attractive to traders.

Findingnemo

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25% price drop in a week of time frame is not happening first time so really nothing to panic for holders and for investors 8ts 25% discount price so more returns in long term and so on. Price drop and hike is very common in bitcoin so speculating about it will lead to nothing unless we carry enough funds to manipulate the market and make profits from it.

Sweetbtc

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In theory, Bitcoin shouldn’t be affected by this recent bad news but since crypto investors are dumb to panic on every news that is not related to Bitcoin. Market dump to an insane level due to fear. I don’t suggest to buy now but Bitcoin is a good investment in general.

No doubt that Bitcoin investment is a great investment but timing is very important for it.The main reason why the price of Bitcoin is constantly falling is that there is a lot of bad news in the market right now۔
Whenever such news is circulating in the market, it creates a panic within people.And people try to exit the market.Which always causes the Bitcoin price to crash۔
And in a crash market if people withdraw money from BTC, it will affect the price of Bitcoin anyway.Because if people will withdraw capital, the price of Bitcoin will never increase, when people will put capital, then BTC will go and increase its price.When the market is down, everyone tries to protect their own capital by exiting the market and converting their assets into stablecoins, and this is a natural process.And this will also greatly affect the price of Bitcoin.

Yatsan

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Quote from: Solosanz on March 11, 2023, 07:33:19 AM

Why it's not the right time to invest Bitcoin when Bitcoin price have suffered many dump and still able to make new ATH? as long as you buy Bitcoin using money you can afford to lose, you can hold for next few years until the bull run happen and you can make money.

The fluctuation of Bitcoin price is really normal and you shouldn't be surprised if Bitcoin price can change for 10% in a day.

Indeed fluctuation is a part of its natural volatility in terms of market value. Profit potential is high especially if you would be able to determine best times for engagement. When it comes with 'right' time to enter the market, it speaks for trend line I guess. Perhaps entering the market too early would require you to endure market downfalls before uprise movement be seen. Entering the best times for investing in Bitcoin and other technologies would allow an investor to maximize the profit potential. But if you are not into making efficient 'bets', then entering at any price points would be convenient still for lomg term investment.

To some, fluctuations are a bad thing, that is valid because they might be investors who cannot take that much of risk. To some, it is advantageous which is valid as well. It just depends on how an investor would view market behavior and to make use of it.

Japinat

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It's quite normal in the crypto space, but the good thing now is that the price has already pumped and remained at the $20k level. I believe that from here we will see a stable increase that could possibly result in a bull run. The only advice I can give is to buy when there's FUD (fear, uncertainty, and doubt) as it always gives us an opportunity, assuming that you believe Bitcoin will survive despite experiencing a significant dump.

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Quote from: FireDAOJackie_Z on March 10, 2023, 05:17:08 AM

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.

I honestly think that it is just a drawback and nothing more. I know that people do not like it when someone has this much FOMO, people hate the optimists in the comments section and they will always mock around about it, but you will see when the time comes that I was right about this.

I can see at least 2x increase this year, and for that to happen we need to sometimes drawback like this, let the sellers and weak hands get out and when they do, stronger hands could end up holding longer and diamond hands will end up buying even more. That should have been the case for most people and I think it will continue to happen for a longer period of time.

Solosanz

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Why it's not the right time to invest Bitcoin when Bitcoin price have suffered many dump and still able to make new ATH? as long as you buy Bitcoin using money you can afford to lose, you can hold for next few years until the bull run happen and you can make money.

The fluctuation of Bitcoin price is really normal and you shouldn't be surprised if Bitcoin price can change for 10% in a day.

kryptqnick

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Like the op, I don't have a problem with the ongoing volatility of Bitcoin. I don't think it means anything apart from the fact that there isn't enough support for a higher price, and especially for a bull market. As for me, Bitcoin is still doing pretty well, considering that it's a decentralized currency that no authority is managing by issuing more coins or burning some coins, or by setting up an artificial state-guaranteed price. It functions alright without regulations, without any external control. I don't think it's reasonable to expect Bitcoin to just endlessly grow, without temporary fluctuations and corrections.

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Quote from: FireDAOJackie_Z on March 10, 2023, 05:17:08 AM

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.

Listen, mate, you need to understand first when and why the price of bitcoin gets affected. So unlike any other asset, Bitcoins also follow the policy of supply and demand. So when the demand for the coin increases, the price increases, and since bitcoins are limited in number, no more can be created. And the reverse happens when the demand decreases. So this price drop is very normal, to be honest. Yes, I agree that this price drop has brought new opportunities to buy the bitcoins at a low price, so without wasting any more time, I would suggest everyone buy the coins.

ethereumhunter

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The important thing is that potential new investors can accept the risks involved in investing in bitcoin and know that the crypto market will fluctuate more often. If they can accept the risk, they can invest in bitcoin immediately and keep it long-term. This decline may still occur and we just need to be prepared for it and buy bitcoin at low prices.

But the fluctuations in the crypto market can be overcome by studying where the market is moving so we can use it for our benefit. And don't be afraid of these fluctuations because after this decline, we will surely see a reversal and price recovery again.

Zorigi

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Of course, with this decline, I am not surprised because bitcoin is indeed volatile, and at the same time it opens up space for new investors who want to try investing in bitcoin.
and also opening space for old investors, by not missing this good opportunity by being able to buy bitcoin again and of course it will be even more good if you use the DCA system.

but sometimes I wonder why there are always selling bitcoin at a loss when the market is down....

ilovealtcoins

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The price of Bitcoin fluctuates due to two reasons: demand and supply. The more people are willing to buy and sell a cryptocurrency, the higher it will be traded at. The second factor can be seen in terms of exchange from fiat currencies into Bitcoin; with more exchange happening on exchanges, the price rises because there are more people willing to buy it.

The value of any asset or commodity depends on supply and demand. However, with the bitcoin market being a small and speculative market, its price is still manipulated by financial sharks. Bitcoin was a currency revolution, but it was eventually manipulated by sharks, and they created more shitcoins, thereby creating a money game market where we compete for each other's money. In the future, cryptocurrency will likely be an important industry for the world economy, but for now, it is a big gamble.

nullama

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Quote from: FireDAOJackie_Z on March 10, 2023, 05:17:08 AM

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 is an appreciating asset in long term, with high volatility in the short term.

You will see the price moving up and down since the entire world is buying and selling 24/7 for many different reasons.

But, at the end of the day, every roughly 4 years the new batch of Bitcoins produced is halved, so that means there's less Bitcoins moving around for the people that want it.

Even assuming the same amount of people want to buy, this means the price will go up.

And the thing is that over time, there's always more and more people interested in becoming free of fiat.

Eventually, the price will just continue to go up over a long period of time.

So, it doesn't matter too much when you start, but for how long you've been accumulating(saving) your money in Bitcoin.

FireDAOJackie_Z

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Quote from: decodx on March 10, 2023, 06:16:32 PM

When it comes to Bitcoin price fluctuation, I totally get where you're coming from. But, Bitcoin still seems to be a pretty safe bet, especially if you consider the recent bear market. As for investing, that's always a tough call, right? I mean, there's no telling what could happen tomorrow! Bitcoin is known for its volatility, and let's be real, investing is always a gamble. But hey, sometimes taking risks pays off big time!

Personally, I'm not too worried about it. These things tend to happen, right?

Well, I really like the way you interpreted: investing is always a gamble, which is simple, direct and effective. Most comments on this thread are reasonable based on facts and their experience/confidence, sometimes investors' confidence plays a big role. However, the problem is that very few of them could admit that investment is another form of gamble. If anyone believes this is a good time to buy in Bitcoin, then just do it. Otherwise they should hold their wallet tight. Too much analysis might affect the right decision and miss the opportunity in general.

Topic: How do you interpret the fluctuation of Bitcoin price ? - page 3. (Read 505 times)