Sensitive market at this moment. - page 3.

masterchief001

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Quote from: xypos on July 23, 2017, 04:08:01 AM

I agree with you, i think that this pump has gone quite a long way, maybe just a little too long.

I really wouldn't be surprised at all if the entire cryptocurrency market cap just started to collapse after this year, perhaps to 50 billion. This would obviously mean that a lot of people will be losing money and whatnot but also would be a great buying opportunity for anyone that missed out on this ride.

However, i expect bitcoin dominance index to rise to at least 75% again despite this declining total market cap. Alts are in a much bigger bubble than bitcoin at the moment, in my opinion.

Over the long run bitcoin is extremely bullish at least to me, but short run price is still extremely volatile.

No, I never thought it would collapse, look at what happened, it has grown tremendously, especially recently, many people say that we are all in bubbles, and it's fragile, but I think it's still cherished, and it will not break.

markjamrobin

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deisik

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Quote from: just_Alice on July 24, 2017, 04:21:10 AM

Quote from: deisik on July 23, 2017, 03:35:06 AM

Quote from: squatz1 on July 22, 2017, 11:42:53 PM

Quote from: just_Alice on July 22, 2017, 08:11:14 AM

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

I disagree with this attitude

If traders choose to abandon Bitcoin, its price would crash instantly since it is supported exclusively by speculation. If you think otherwise, you are delusional, as simple as it gets. But when the price crashes, it won't be of any interest to anyone (ironically, except traders). You should understand that Bitcoin can have no volatility (or small volatility) only exactly at 0 price. There is no reason to use it in real economy since right now it sucks heavily when compared to the best of fiats

I'm not sure whether this is true. What about demand? The price would be still high if there were no speculation, but the demand for coins was high, am I right?

But I think we will never find it out because traders will never abandon bitcoin.

The high demand for Bitcoin is provided mostly by speculators

It is just another way to say that the high prices that we see today are due to speculators trading, though at another, more technical level. Obviously, the market price is ultimately determined by the balance of supply and demand. So when we say that speculators bid up the price, it essentially means that it is their bids that massively increase demand. Simplistically, the supply of bitcoins is provided by miners while the demand for bitcoins by speculators. If the latter withdraw their bids, the price will instantly crash since the supply of bitcoins will massively exceed the demand for them, and it will be rebalanced at much lower levels (i.e. prices)

just_Alice

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Quote from: deisik on July 23, 2017, 03:35:06 AM

Quote from: squatz1 on July 22, 2017, 11:42:53 PM

Quote from: just_Alice on July 22, 2017, 08:11:14 AM

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

I disagree with this attitude

If traders choose to abandon Bitcoin, its price would crash instantly since it is supported exclusively by speculation. If you think otherwise, you are delusional, as simple as it gets. But when the price crashes, it won't be of any interest to anyone (ironically, except traders). You should understand that Bitcoin can have no volatility (or small volatility) only exactly at 0 price. There is no reason to use it in real economy since right now it sucks heavily when compared to the best of fiats

I'm not sure whether this is true. What about demand? The price would be still high if there were no speculation, but the demand for coins was high, am I right?

But I think we will never find it out because traders will never abandon bitcoin.

The_prodigy

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Jherek

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xypos

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I agree with you, i think that this pump has gone quite a long way, maybe just a little too long.

I really wouldn't be surprised at all if the entire cryptocurrency market cap just started to collapse after this year, perhaps to 50 billion. This would obviously mean that a lot of people will be losing money and whatnot but also would be a great buying opportunity for anyone that missed out on this ride.

However, i expect bitcoin dominance index to rise to at least 75% again despite this declining total market cap. Alts are in a much bigger bubble than bitcoin at the moment, in my opinion.

Over the long run bitcoin is extremely bullish at least to me, but short run price is still extremely volatile.

deisik

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Quote from: squatz1 on July 22, 2017, 11:42:53 PM

Quote from: just_Alice on July 22, 2017, 08:11:14 AM

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

I disagree with this attitude

If traders choose to abandon Bitcoin, its price would crash instantly since it is supported exclusively by speculation. If you think otherwise, you are delusional, as simple as it gets. But when the price crashes, it won't be of any interest to anyone (ironically, except traders). You should understand that Bitcoin can have no volatility (or small volatility) only exactly at 0 price. There is no reason to use it in real economy since right now it sucks heavily when compared to the best of fiats

just_Alice

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Quote from: mrfreezeh on July 23, 2017, 12:28:34 AM

Quote from: aardvark15 on July 22, 2017, 05:39:38 PM

Quote from: stadus on July 22, 2017, 05:03:18 PM

Quote from: just_Alice on July 22, 2017, 08:11:14 AM

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Your point seems right, people love the fluctuation because it gives them the opportunity to earn money, it's a high risk
invest so before anyone will enter here he should already know the norms in the market.
If you cannot take the price fluctuation there is still another option which is to invest for long term, check on the trend you will know it's increasing.

Trading requires fluctuations in order to make a profit. In fact, the wilder the fluctuations the better as long as the price gradually increases over time.

Also remember that some fluctuations are not organic. Whales will manipulate the prices on exchanges to make the price change artificially. You just have to be able to recognize when the price rises too quickly which could indicate a pump.

Have more type about control price by whales, as in June until July, we have see all altcoin on market are falldown to the price like in April, but this happens not happening fast, slowly and stable, everyday change 5% ratio and on the road, have some bull trap helps them earning profit anytime

And ordinary traders, who are not whales, can take advantage of that too. When the whales are dumping coins in order to decrease the price so they can buy a lot of cheap coins, everybody yhave the oppurtunity to buy cheap coins too, like recently when the price was around $1,800.

mrfreezeh

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Quote from: aardvark15 on July 22, 2017, 05:39:38 PM

Quote from: stadus on July 22, 2017, 05:03:18 PM

Quote from: just_Alice on July 22, 2017, 08:11:14 AM

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Your point seems right, people love the fluctuation because it gives them the opportunity to earn money, it's a high risk
invest so before anyone will enter here he should already know the norms in the market.
If you cannot take the price fluctuation there is still another option which is to invest for long term, check on the trend you will know it's increasing.

Trading requires fluctuations in order to make a profit. In fact, the wilder the fluctuations the better as long as the price gradually increases over time.

Also remember that some fluctuations are not organic. Whales will manipulate the prices on exchanges to make the price change artificially. You just have to be able to recognize when the price rises too quickly which could indicate a pump.

Have more type about control price by whales, as in June until July, we have see all altcoin on market are falldown to the price like in April, but this happens not happening fast, slowly and stable, everyday change 5% ratio and on the road, have some bull trap helps them earning profit anytime

squatz1

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Quote from: just_Alice on July 22, 2017, 08:11:14 AM

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

And yes, this market is always going to be one which is going to be sensitive because of the amount of leverage which small invidiauls have in the entire market = WHALES!

Quote from: Maveth13 on July 22, 2017, 08:10:38 AM

If everything goes as planned and FUD and panic selling of new users have settled, we don't about a major market price drop. Bitcoin has always been this sensitive. Based on how it's doing now we might achieve $5k mark in less than 2 years.

Can't see this happening, we need to stay at a price and don't keep moving up and up - it's the only thing which is going to be the only thing which attracts people to using Bitcoin.

aardvark15

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Quote from: stadus on July 22, 2017, 05:03:18 PM

Quote from: just_Alice on July 22, 2017, 08:11:14 AM

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Your point seems right, people love the fluctuation because it gives them the opportunity to earn money, it's a high risk
invest so before anyone will enter here he should already know the norms in the market.
If you cannot take the price fluctuation there is still another option which is to invest for long term, check on the trend you will know it's increasing.

Trading requires fluctuations in order to make a profit. In fact, the wilder the fluctuations the better as long as the price gradually increases over time.

Also remember that some fluctuations are not organic. Whales will manipulate the prices on exchanges to make the price change artificially. You just have to be able to recognize when the price rises too quickly which could indicate a pump.

stadus

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Quote from: just_Alice on July 22, 2017, 08:11:14 AM

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Your point seems right, people love the fluctuation because it gives them the opportunity to earn money, it's a high risk
invest so before anyone will enter here he should already know the norms in the market.
If you cannot take the price fluctuation there is still another option which is to invest for long term, check on the trend you will know it's increasing.

Yakamoto

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freedomno1

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Quote from: GekkoTrade on July 07, 2017, 07:13:19 AM

What are you're thoughts? How you feel the market growing this year?

Sell when others are in irrational exuberance buy when others are fearful. Since we have a good mix of that at the moment I feel the market is at a decent equilibrium point with the note that Bitcoin has been both the best performing asset and also the worst performing asset at the same time which makes it quite a challenge.
That said I do not think cryptocurrencies are weak by any regard and will continue to see strong growth adoption and usage into the near future.

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Quote from: Ctn on July 22, 2017, 05:05:14 AM

The market becomes sensitive because of people that are using it. They are panicked real quick and starts selling everything they have got. The circulation of bitcoin in current situation then increases a lot in the market and drops the value dramatically. That is well know trouble by us. The only way to change the sensitivity of market is by changing the views against market drops. Sudden reaction will always make bitcoin or other coins weak loosing the value

There is another reason why the market becomes more "sensitive"

As I have explained it a few times already, this is what should be expected with prices rising, i.e. the insane surge in volatility. It is like a side effect of high prices. Now with prices in the wide range of 2,000-3,000 dollars per coin, we see extreme volatility which roughly equals 1/3 of the whole price. This happened in the past but not so often as it happens now. And if the price is going to rise further, we will likely see even more mind-boggling levels of volatility and price swings. This is sort of set in stone for any speculative asset since rise in price is only possible due to supply running dry (in respect to demand). But this makes the whole market more unstable at higher prices, which is what we all witness nowadays

Potato Chips

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Pfizer

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Quote from: CryptoGeneral on July 22, 2017, 06:51:54 AM

Bitcoin is a long term investment, but all other coins are more short or midterm. Only a few altcoins are gems. Most of them are useless clones that provide no advantage over already existing projects. What about Guncoin for instance? Any advantage over Bitcoin? Any weapons and arms dealer could accept Bitcoin as payment, therefore a coin for a single purpose seem to be useless.

Since when the market is not sensitive... Actually, it's not sensitive, it's just purely speculative. Whales are eating small scale investors like me.

Dudeperfect

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Quote from: zarados on July 22, 2017, 05:56:04 AM

Quote from: Dudeperfect on July 22, 2017, 05:12:12 AM

I respect your opinion but 2020 is too much time for Bitcoin to reach $5K mark, I believe that bitcoin will reach $5K in next year itself and in the year 2020, the price is not going to be anywhere below $20K. Yes, this is my personal opinion and might be completely wrong. I agree with you that crypto market is sensitive at this moment and I think the reason is that, it is not yet established and there is a lack of awareness among the users. Recent price fall under pressure of 1 Aug event clearly highlighted that aspect but still, I am optimistic about the average maturity of crypto user will be much higher than that of today.

Agree, we have seen the jump of bitcoin from $1k to $2k and it just need a few month, even now it price already close to $3k, I think bitcoin will reach $5k next year in first semester , and it is true that the user who makes the market very sensitive right now, 1 August news and a different opinion among the users who do BUY or SELL everytime they see the market growing up or down (active trader).

It is out of my understanding that why people are scared of the 1 Aug? All of our bitcoins are going to remain same, the rate is going to remain same & everything out there is going to remain same except the high transaction fees and the delay in transaction confirmation. I can understand that suffering 10% or 30% loss might look scary to those who have a large amount of investments and thus they are under pressure but there is no need to worry for those who have significantly less amount of capital invested.

just_Alice

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Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Topic: Sensitive market at this moment. - page 3. (Read 2333 times)