Topic: Is this SUDDEN price rise good for BTC? (Read 1427 times)
It is really good for bitcoin because of the pump a lot of new investors came to invest in bitcoin and the popularity spread a lot. And now because of the new investors the bitcoin value will go up for sure. I think that the value might go down tho but will go back up like it always does.
I posted this topic when BTC was rising like anything.. but now again I am replying because it is dropping like anything.. 
People were expecting Bitcoin to fall after the fork, and since Segwit got cancelled early the price started dropping earlier than originally anticiapted. Nothing too special happening here as far as I'm aware.
I posted this topic when BTC was rising like anything.. but now again I am replying because it is dropping like anything..
I think, the sudden cost increment of bitcoin is a decent sign or a sign at a higher cost of bitcoin this coming week or months. 
I think, the sudden price increase of bitcoin is a good sign or an indication for a higher price of bitcoin this coming week or months.
Nice question.
Here you go... Bitcoin price deals with demand of people.
In economic terms when demand is high price increases and when demand decreases price increases.
So good and bad is based on your time and luck and also observing analysing the market trend.
Here you go... Bitcoin price deals with demand of people.
In economic terms when demand is high price increases and when demand decreases price increases.
So good and bad is based on your time and luck and also observing analysing the market trend.
I agree. Probably for now its good because as the price goes higher, more and more will flock to bitcoin. Though as we can see it's not that good with alt traders as red paints most coins since bitcoin's consistent run. I'm not sure if its good or bad for the crypro market
The fluctuations is always dependent on all situations that might happen and now as price went higher than we have expected, well same with alt traders these few months might a red paint. Even if all alts at dump stage I still believed that next level will come to a new impressions that it will start to rise higher same with what happens with other previous coins that has became the most promising.
First of I am a BTC HODLER and I am happy it is breaking it's ATH every other day. But is it really good for future of BTC?
As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
BTC price is rising coz new users are adding up every hour. Market cap is also increasing at the same pace so there is no need to worry. In my opinion, BTC still hasn't explored its true potential in terms of no. of users. As new users are joining this system every day, therefore market cap is increasing and the price is rising like anything.
The higher the better imo. Yeah we might crash but the amount of interest and new people coming into the eco system due to the hype sets us up well for the future years. With the bigger investors into the market its very hard for this to die off.
First of I am a BTC HODLER and I am happy it is breaking it's ATH every other day. But is it really good for future of BTC?
As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
Whenever the price of bitcoin increases, it is always a good sign regardless if its sudden or by a long-shot. Anything that contributes to the increase of its price is a positive news for the cryptocurrency world, especially when it comes to bitcoin. There are a lot of factors to consider when determining its price due to its volatile nature. Also, in the perspective of short-term investors, sudden increase on the price of bitcoins are a "GO-SIGNAL" for them to withdraw their money and enjoy their profit.
The higher the better imo. Yeah we might crash but the amount of interest and new people coming into the eco system due to the hype sets us up well for the future years. With the bigger investors into the market its very hard for this to die off.
First of I am a BTC HODLER and I am happy it is breaking it's ATH every other day. But is it really good for future of BTC?
As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
I think that more people will be wanting to get in on bitcoin, as it is going up at a very fast pace. This is very good for bitcoin in my opinion. Of course, some may be scared off or start selling due to the price increase, but overall very good. As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
But others were afraid in this value right now because of many speculations that it will blow up.There is no valid reason why bitcoins value is getting higher and higher and that is the reason that hardfork will be possible to come.
Whats's happening now is a good thing; these events would just justify bitcoin's intended design namely it price only going up through the passage of time. This would be a good appeal to investors and would probably gain more traction than before.
No, IMO this sudden increase in price isn't good for Bitcoin. The recent surge has nothing to do with real adoption, it is purely speculative, driven by price movement and irrational exuberance that Bitcoin price would increase forever. Yeah, this sudden increase in price would attract more speculators and would lead to further increase in price, but realistically speculative growth isn't sustainable. At the first sign of correction, these get-rich-quick adopters would be the ones to panic sell. I don't have any doubts that there would be a major correction, it is good and necessary, helps real adoption.
First of I am a BTC HODLER and I am happy it is breaking it's ATH every other day. But is it really good for future of BTC?
As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
Agree with you this is the biggest hurdle while adopting bitcoin as a world currency. It just does not stabilizes. Such high fluctuations make people reluctant to spend their bitcoins. Not at all happy with such high deviations each day. As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
Nice question.
Here you go... Bitcoin price deals with demand of people.
In economic terms when demand is high price increases and when demand decreases price increases.
So good and bad is based on your time and luck and also observing analysing the market trend.
Here you go... Bitcoin price deals with demand of people.
In economic terms when demand is high price increases and when demand decreases price increases.
So good and bad is based on your time and luck and also observing analysing the market trend.
I agree. Probably for now its good because as the price goes higher, more and more will flock to bitcoin. Though as we can see it's not that good with alt traders as red paints most coins since bitcoin's consistent run. I'm not sure if its good or bad for the crypro market
Yes sudden bitcoin price rise is a very good for business and who is a crypto trader, those people are very happy to when bitcoin price pump. Recently Bitcoin price is very high and it is now stable but someone think that again bitcoin price is foll but we see this market previous it can't foll down.
The more people that adopt and use Bitcoin, the less its price will fluctuate, right now Bitcoin is at its infancy and the majority of the world doesn't know about it.
Compared to FIAT currencies, literally nobody is using Bitcoin right now.
It's also why widespread adoption is not going to occur overnight, but slowly, and theoretically Bitcoin's price will also grow at that same rate.
Compared to FIAT currencies, literally nobody is using Bitcoin right now.
It's also why widespread adoption is not going to occur overnight, but slowly, and theoretically Bitcoin's price will also grow at that same rate.
i think no, as you can see there were so many people are into bitcoins but why its value is still unstable? because thats how bitcoin works and people earn profits due to its volatility thats why it is a good trading tool and thats how cryptocurrency desiged to work mainly because of trading and imagine if the price will be corrected or fix then many of us arent going to earn profit on it anymore and probably more people will lost interest on it.
I think it is very good, high price more attention and more new people buying
Yeah,the sudden price is caused due to the that more people are started to buy bitcoin so it is actually good for the bitcoin and the bitcoin investers which is they expect to happen.I don't think the price of bitcoin will fall again because the price depend on the demand i heard that lot of people signed into bitcoin wallet in one day which is a good sign for the bitcoin demand.
I think it is very good, high price more attention and more new people buying
First of I am a BTC HODLER and I am happy it is breaking it's ATH every other day. But is it really good for future of BTC?
As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
I think that more people will be wanting to get in on bitcoin, as it is going up at a very fast pace. This is very good for bitcoin in my opinion. Of course, some may be scared off or start selling due to the price increase, but overall very good. As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
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