It's Surpising: Bitcoin Price Touches New Height - page 2.

omonuyak

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Quote from: S.coastapps on December 01, 2017, 12:25:09 AM

Hello...Friend's

I'm totally surprised yesterday when the Bitcoin price touches $10k and Suddenly its down approx $9k. So what do you think about it? Is it a Bubble or Not?

Bitcoin price even went up to $11,400 on some exchange platform and this might continues towards $15,000 before end of this year. I have reason that bitcoin is not a bubble and little corrections do not mean the price is out of control. I think many are becoming aware of bitcoin lately and that is why its price keep going up.

di.ako.toh

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Few hours ago, bitcoin value goes down just like lower than $10k, then at this moment it goes up again and back to $10k more. It is not kinda surprising if it hits another height of price, because it has already reached, it just goes up and down. Also, it is just a prove that demands of bitcoin increases also as the value of bitcoin do the same.

Thanasis

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Quote from: S.coastapps on December 01, 2017, 12:25:09 AM

Hello...Friend's

I'm totally surprised yesterday when the Bitcoin price touches $10k and Suddenly its down approx $9k. So what do you think about it? Is it a Bubble or Not?

Yeah,it is little bit surprising for me because I thought bitcoin will hit $10K by end of this year but it hit one month before.No,it is not bubble it is just a price correction after the huge price dump in bitcoin yesterday the price reached upto $11500,so now the price dropped little bit.But bitcoin recovered from that price drop currently the price of bitcoin is $10250.Now I expect the bitcoin will end this year with $13K.

clrpod

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Quote from: S.coastapps on December 01, 2017, 12:25:09 AM

Hello...Friend's

I'm totally surprised yesterday when the Bitcoin price touches $10k and Suddenly its down approx $9k. So what do you think about it? Is it a Bubble or Not?

Actually the price went up above 11k and then fell in to the 8000s before now gaining some stability around 9500-10000. All of it was pretty predictable, it was pumped above 11k with little volume and then many profited by selling at that price and this drove the price down. It was a monumental moment but none of it was surprising. Is it a bubble? Who knows for certain, maybe one day it will pop, maybe it won't, but bitcoin does have real world uses so it's not purely speculative and will probably always have some value.

talkbitcoin

legendary

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All I know is that I know nothing.

nothing about this movement was surprising. maybe to someone who has never looked at bitcoin price history it looks surprising but this kind of movement is perfectly normal. there was a big rise from $8100ish which ended with a pretty nice correction to $9500 and now a short period of accumulation occurs before the demand drives the price back up above $10,000 again.

none of this means bitcoin is in a bubble! you just saw a "big" number on your screen and thought it must be a bubble because it was "big"!

iamTom123

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Quote from: S.coastapps on December 01, 2017, 12:25:09 AM

Hello...Friend's I'm totally surprised yesterday when the Bitcoin price touches $10k and Suddenly its down approx $9k. So what do you think about it? Is it a Bubble or Not?

Actually, what happened yesterday was all expected especially by those who had been in the Bitcoin scene for some time. You have to get used to it and not be an alarmist or worse spread FUDs everytime there is a dip. The only word that should describe yesterday's sudden retreat in price is this: NORMAL!

After making a good bull run, Bitcoin needs to take some rest (just like all of us might do after going through an excruciating exercise) so that it can be able to gather the needed energy and stamina for the next super surge which can happen even before the calendar can turn into 2018.

Next year, we should be expecting the same behavior from Bitcoin as there can be more speculators when Futures Contracts can be available in different parts of the globe (not just in USA as others are now planning the same thing). We should get used to this. Enjoy!

S.coastapps

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Quote from: DaMut on December 01, 2017, 02:26:57 AM

to be honest it's not surprising at all because it's predictable,
if you're here for the past few months you will see a lot of people calling it a while ago.
even Bitcoin reached $11.000 nearing $12.000 level,
what do you mean by bibble ? are you saying about bubble ?
if you're asking about bubble i do not think it can be considered as a bubble,lately we heard a lot about Bitcoin.
from regulated exchanges in some countries,listing futures and many more in upcoming days.
which mean slowly but sure it got an attention from peoples around the world with that the demand increasing and pushing the price to the top.
even though current our move can be said as a manipulation,
but it does not matter because in the future we should see the price hit this level and surpassing it.
Bitcoin has a lot of room to grow and potential.

Yes! It's Not a Bibble, This is a Bubble.

DaMut

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to be honest it's not surprising at all because it's predictable,
if you're here for the past few months you will see a lot of people calling it a while ago.
even Bitcoin reached $11.000 nearing $12.000 level,
what do you mean by bibble ? are you saying about bubble ?
if you're asking about bubble i do not think it can be considered as a bubble,lately we heard a lot about Bitcoin.
from regulated exchanges in some countries,listing futures and many more in upcoming days.
which mean slowly but sure it got an attention from peoples around the world with that the demand increasing and pushing the price to the top.
even though current our move can be said as a manipulation,
but it does not matter because in the future we should see the price hit this level and surpassing it.
Bitcoin has a lot of room to grow and potential.

S.coastapps

jr. member

Activity: 60

Merit: 1

Hello...Friend's

I'm totally surprised yesterday when the Bitcoin price touches $10k and Suddenly its down approx $9k. So what do you think about it? Is it a Bubble or Not?

Topic: It's Surpising: Bitcoin Price Touches New Height - page 2. (Read 629 times)