Topic: People's opinions about Bitcoin price forecasts are up and down (Read 140 times)

Bitcoin is not stable now but surely this will raise again and some altcoins are little green. So as soon as possible Bitcoin and altcoins are pump in the market. Still many peoples are afraid in the situation and some peoples are buying constantly so everything is depends on personal mentality.

I have a concern. Bitcoin can fluctuate but when every other coin follows the trend is a source of worry for me. I begin to wonder if the same people influences other coins at the same time.

So far, according to the latest forecasts, most agree that there will be no significant growth in bitcoin prices this year. After the last sharp drop in bitcoin prices, a lot of investors are afraid to invest in it big funds. If bitcoin will rise, then, rather in it, to the level of 20 000 - 25 000 dollars before the end of the year. While this is its price limit.

The price of bitcoin does not depend on all its holders, but on the largest market players. The price decline that we are now seeing is caused by them in order to enter bitcoin at the lowest possible levels and then make an incredible growth.

Bitcoin has become too unpredictable,the excessive volatility,and the fact that regulation of cryptocurrencies is a certainity will have  a negative impact on potential new investment.My optimism died.

What's happening is completely unpredictable, because it is the time to cross $10000. But, to the expectation things were taking place in the opposite direction. This is all because of the manipulation by the large volume holders who were trying to keep the entire network under their control similar to the way of corporate functioning.

Many rumours are spreading across the world. Some people still not believe bitcoin. Some people getting afraid if the price drop suddenly, then how we get profit, so many people are not interesting to invest bitcoin. But they don't know we will get a good profit in future. I believe bitcoin one day it will save my future.

having bitcoin does not mean you can play the price, the price is played by traders who have bitcoins. If we just keep the bitcoin in the wallet it will not affect the rise and fall of the price at all. Therefore many traders are very interested in bitcoin because they understand what kind of price is played.

Yeah people are afraid of rumors. They are not sure about BTC. But i think btc is pretty much stable now..

I've been checking the price a lot last two months, because I need to in my daily job. What I observed is that it is quite easy to predict when BTC will keep rising and when BTC will keep dropping.
I feel lately that the ups and downs are caused by traders' graph technical analysis, and nothing else.

nope

millions of people do have bitcoin. but only a few thousand people affect the price. this is because the price is not determined by bitcoin holders. it is determined by the few who actually risked depositing funds into known exchanges.

EG there are many people that trade bitcoin away from public exchanges. via private OTC or localbitcoins. and these trades do not impact the bitcoin price.

what you will find is that there are only maybe 2-3 exchanges that many bots use as trend-setters. whereby if a shark(doesnt have to be a whale) or a few piranha move a price on one exchange. thet bots then arbitrage that change on the other exchanges like sheep, without thinking of the reason or consequence.

this happened in 2014. when MTGox closed its doors. it literally was impossible to trade OUT via mtgox, yet mtgox's prices still dropped and the other exchanges followed mmtgox's price down. yep thats right mtgox had a locked door situation of no in-no out. yet was still letting people mess with mtgox's price (kerpeles wanted the price to sink so that the value it would owe to creditors would be 5x lower).. other exchanges should have stayed at over $1k while mtgox closed door manipulation occured. but nope. the sheep folowed mtgox down.

and that was with only a few thousand people playing.

my main hoard has not been touched since 2013 and my coin has had no effect on the price at all.. only those who put coin on public exchanges and actually set a price to buy or sell are the ones that cause a price change.
EG you cannot blame satoshi's stash for any pump or dump because it has not moved in 8+ years

If you are currently observing Bitcoin prices, then you will be amazed by the rapid rise and fall of Bitcoin prices (fluctuations). In fact you may also wonder whether companies (such as Luno) that determine the price of Bitcoin? The answer is no, because Bitcoin is interoperable.

Why Bitcoin Prices Are Highly Fluctuating? actually the reason why Bitcoin prices are more volatile than other currencies is; the absence of any entity that controls the price of Bitcoin.

Bitcoin prices are determined by everyone who has Bitcoin (regardless of amount).

If you have Bitcoin right now, you're one of those people who determines the Bitcoin price. If you suddenly sell all your Bitcoin, then the price will move down (because supply / supply is now increased). So also if you suddenly want to buy a lot of Bitcoin, you have contributed to the amount of demand (demand) Bitcoin, so the price will move up.

Now, imagine there are millions of people who have Bitcoin in the world with different selling prices and prices. By collecting them all, you will get the middle value of the market between the demand price and the offer price - and that is the Bitcoin price at that time.