Topic: I am very disturbed when prices are always up and down - page 2. (Read 4148 times)

If you buy bonds and they pay you back with a devalued currency, you can end up losing most your principal.

Just another day in Bitcoin
Always the bond market if you don't want to much risk (Except a sovereign debt crisis)
But then if that happens you probably didn't get good bonds lol.

That's true. But (fiat)currencies are very manipulated and over time they crash also. With stocks the value is backed by the profits of the issuing company.

Stocks lose 30% in a week but currencies usually have much lower fluctuations.

Your not going to like the future then. The bitcoin price is supposed to be free to go up and down. The stock market would do the same if it were not rigged.

Each low seems to be higher than the last. How did we get to a high of $395 if there is no real buying?

So why is it at 380$ if everyone is shorting and nobody's buying?

Actually the price is moving up because of short covering... Open you eyes guys, no real buying here at all!!!
This is a shorter's market... You ned to join in or just get burned buying the entire way down. GLTA!!

395$, it is moving a lot, it is looking for a direction. There are a lot of shorts in the market but the price is supported by a lot of bulls.

now is wandering with $360

290$ then it goes back to 500$

If you get very disturbed when prices are always up and down, you should not be here.

"If you can't stand the heat, get out of the kitchen."

I was a little worried when it went above $400. I had been selling a bunch of bitcoins locally for some profit but have been working on getting an exchange set up to re-purchase everything.

Finally I have that settled so with the price as low as it is I will have a good deal.

The price went up on the "news" that a multi billion dollar hedge fund was investing on the exchange. Apparently Bitcoin users want more confirmation before believing this. Then the FBI sale made some people skittish.

The price belongs in this range until something meaningful happens. It will hop around because that's what Bitcoin does.

I was talking with someone the other day and I said I expect to see bitcoin fall to only a few dollars in value someday. So, the person replied, "So you think Bitcoin is gonna tank?"

No, just because I think we'll see a single-digit bitcoin sometime, doesn't mean "Go directly to single-digits. Do not pass go, do not collect 200 bits." We may bounce to $500, bounce down to $300, bounce up to $2,000, $20,000 whatever - Bitcoin is not going to disappear tomorrow.

I have to imagine things 15 years from now in 2030. Everything will be so different. And I have to ask myself, "is Bitcoin still going to be a thing? Will this 20-year old concept still be at the forefront of payment technology? Even Satoshi said it himself - Bitcoin will either be one of the most important components of the global financial system or it will be nonexistent and obsolete.

Most ideas do not succeed. It's so hard for a new technology to succeed, but so, so easy to fail. For something to succeed, everything must go perfectly. For something to fail, only one thing needs to go wrong.

Enjoy Bitcoin while it lasts. It's an extraordinary opportunity and an amazing technology, despite already beginning to show its age. Maybe Bitcoin will be replaced by a better cryptocurrency or maybe cryptocurrencies will be pushed out of the mainstream by easier technologies. Statistically speaking, one of those two things should happen.

the more bear traps in difficulty by hardware vendors, the higher the price will go. when h/w goes back online, price slumps.
rinse and repeat until block halving.

never ever go below 340$
to tha moon from here 

It's going to the moon, according to certain definitions of moon, and possibly via $1 along the way, and then back down from the moon settling to around Mt. Everest.

We may see Olympus Mons and the bottom of the Mariana Trench at some point too.

Smalltimer forgot a zero btw.  He/she/it meant $83,570 

83,57$ for a while before declining further and becoming irrelevant.

Nobody can predict the future for you. Even the experts seem to be in two minds about what will happen.