Is this SUDDEN price rise good for BTC? - page 2.

gabmen

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Quote from: wledgewil on November 03, 2017, 11:51:15 PM

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.

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

frowsiter

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Quote from: btcwish1 on November 03, 2017, 10:51:36 AM

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?

Okay wait, what did you mentioned in the last statement about business adoption looks little drifted to me. I mean it doesn't matter if the price of bitcoin changes, they can always put auto pricer or some algorithm which will change the BTC price of that particular thing based on its dollar price but not the other way round.

For example,

if the price of a chocolate is $ 1 then the website selling it should show up the equivalent BTC at current rate of USD which user need to pay. So there is no worries whether the price of bitcoin fluctuates or not.

wledgewil

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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.

GreenBits

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Quote from: btcwish1 on November 03, 2017, 10:51:36 AM

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?

You have a surprisingly lucid grasp of how this works. tell it to some of the old head bitcoin super maxis here, they think this valuation is a good thing Roll Eyes

there is no way in hell this is sustainable. even though the uptrend has generally been up, we cannot rely on this to continue. there is no market that has simply gone up with no major correction, this fast. it doesnt even have to do with valuation at this point; essentially someone is going to take a massive profit, and it will all come tumbling down for a while. i wont bemoan the lack of news, I wont point out the rise in the face of impending forks. no one cares LOL. but every time I ask, no one can give me a rubric for valuation that explains this price.

it has defied my predictions, i will admit. but dont dismiss me, board. this is a bubble, and it will pop. wont be the end, but it will "feel bad man', i promise.

AconZtt

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The price of bitcoin fluctuates,But its future potential is limitless Grin

DMC_Ken

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we are just surprise because of the price are just rising good and nicely for BTC, so that's why every person holder of BTC are so happy, but the price will not become stable it will have a chance to rise or drop.

Okuman

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I was targeted for investment in a major exchange and am generally known.
You should think that it happened because the price of Bitcoin rises.
If a price does not rise, the spread of Bitcoin is difficult.

jseverson

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I at the very least don't think it's bad. I'm guessing the reason why people are so anxious is that they know this kind of growth is not sustainable. It truly isn't. But so what? We can think of this as some kind of mini bubble, and if it pops, we will stabilize at around $5000 or $6000 which is where we were or should have been without all the forks. It's only really bad for you if you buy at the current prices.

Bitcoin will always be volatile, and it will continue to be this volatile for a while after the Segwit2x fork due to the overall uncertainty surrounding it. We should stabilize a little bit after that has been sorted out.

aardvark15

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Instability in Bitcoin price hasn’t hurt its valubso far, but I think you are correct that volatility can prevent Bitcoin from being used in some ways. For example, a lot of volatility could keep businesses owners from using it as a method of payment because they gave to price their item and the price would keep changing. Also, buyers are not going to want to spend Bitcoins if they are going to be worth twice as much in a month.

But the price volatility is not the only thing that makes using Bitcoins difficult. It’s also the high fees and the long transaction times that will prevent it from really being useful.

waynechong1995

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swing!

Definitely not ! The strong and tanky price of bitcoin means that people are eating it up even though dumps are happening, powerful support is seen and it's expected that the buying pressure would continue and rally ever higher this year.

Why suddenly growth is not good?

If we had alot instrument to see where bitcoins are going,we can see that the transaction amount aren't increasing except from trading pairs, bitcoins are merely another subject for market speculation and people are buying to keep, not to use it. I doubt 70% of the new buyer don't even know the concept of segwit X2 its all about trends. As soon as a big fud happen, people will realize the overpriced BTC negatively impact the overall economy of crypto currency.

worldofcoins

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Im seeing alot of people point to this coin as only a commodity which is not a good thing in bitcoin. Are you telling me each of you are buying bitcoins only for investing? I use it for a store of value, if I ever need fiat I have my bitcoin debit card and I withdrawal the money. If I need a service or item I buy it with Bitcoin. If everyone is only seeing it as an investment, then yeah we have a problem. Maybe Bitcoin is a commodity instead of a currency.

dhka

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As I can think of now when there is a pump there will be a dump
But I hope its not the case with bitcoin, a correction os fine I think
As we can see all alts are bleeding now, lets wait until btc stabilizes

chichigirl

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HELENA

Quote from: btcwish1 on November 03, 2017, 10:51:36 AM

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?

For me, the sudden changes in price is a good sign for btc, if that continue and reach @$10000, btc is more valuable in the sight of the investor.

BCEmporium

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Quote from: layoutph on November 03, 2017, 06:34:21 PM

Market rules: Anything that go up fast and high, will have a huge crash later. Look at XRP. Bitcoin is almost complete from reaching the top ,but once it taps the tip, huge crash from all crypto would happened. Huge Bitcoin correction and long journey again to reached that top.

Quote from: btcwish1 on November 03, 2017, 10:51:36 AM

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?

The market doesn't follow any rules. And things that go up don't always crash either. Just look at the stock history of Amazon, Alphabet or Facebook, to name just three assets that keep going up.

layoutph

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Market rules: Anything that go up fast and high, will have a huge crash later. Look at XRP. Bitcoin is almost complete from reaching the top ,but once it taps the tip, huge crash from all crypto would happened. Huge Bitcoin correction and long journey again to reached that top.

Quote from: btcwish1 on November 03, 2017, 10:51:36 AM

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?

dsaijz03

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It is not stable when it comes to price we do not know tomorrow it might rise then the day after tomorrow it drops that is why some bitcoiners do not use it for their personal businesses instead the price rise maybe good in some point in a way that they are using it for trading or mining then save it until the price rises again.

digaran

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This is why we have payment processors like Coinpayments.net they will make sure you are not losing money if you are a merchant, businesses could use their services to exchange Bitcoin, alt coins for fiat, if you are buying something for $400 you'll send any accepted crypto currency to Coinpayments.net provided address worth $400 and they will send that money to the merchant.

cryptomato

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Quote from: Hamstead on November 03, 2017, 05:19:18 PM

Quote from: Pleione527 on November 03, 2017, 04:21:13 PM

For me I think it is ok if bitcoin price suddenly increases day by day I mean even a company who accepts bitcoin as a payment wii be much thankful because their earnings can even get much higher. It's an automatic investment for those businessman so I don't think they need to be worry besides if the price will ever drop I'm sure it will not take any longer like what is always happening bitcoin manage to appreciate.

The sudden increase of bitcoin price day by day it means that a lot a of people are embracing and using bitcoin in their life. Is just the demand in the market, adoption by the community is very strong. And this is signifies that bitcoin will be capable of beating fiat money in the market, as it become the most chioce currency used in their daily activities today.

I actually think the other way around.

Big price changes always scares me. Generally fast growing things face stronger resistance to push back. I just hope it doesn't happen for btc.

Cranidos

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Quote from: btcwish1 on November 03, 2017, 10:51:36 AM

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?

It is so wonderful seeing Bitcoin surpassing its former all time highs and to be honest, I really want to see Bitcoin grow even higher. However, just like the old sayings, "what goes up must come down" and "the higher you fly, the harder you crash", this might happen to Bitcoin as well. We are enjoying the gradual increase of Bitcoin's price but what if the drastic crash comes?

If you are a merchant and is accepting Bitcoin as payment, there is no real struggle here since you will place a price in USD and not in BTC. Also, BTC is just an alternative way of paying just like credit cards so if the customer wishes to pay in btc then he has to pay x USD worth of Bitcoin and that's it.

Hamstead

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Quote from: Pleione527 on November 03, 2017, 04:21:13 PM

For me I think it is ok if bitcoin price suddenly increases day by day I mean even a company who accepts bitcoin as a payment wii be much thankful because their earnings can even get much higher. It's an automatic investment for those businessman so I don't think they need to be worry besides if the price will ever drop I'm sure it will not take any longer like what is always happening bitcoin manage to appreciate.

The sudden increase of bitcoin price day by day it means that a lot a of people are embracing and using bitcoin in their life. Is just the demand in the market, adoption by the community is very strong. And this is signifies that bitcoin will be capable of beating fiat money in the market, as it become the most chioce currency used in their daily activities today.

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