Speculation will drive the btc ride further as always - page 3.

btc78

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Quote from: Murat on December 12, 2019, 10:59:16 PM

I don't think so, even I don't believe this way, day by day Bitcoin is becoming a complex platform for us because of its trend, we had a lot of expectation to this year that Bitcoin price would go up but we have seen the opposite situation,

thats wrong mate because we have reached $14,000 this year so for me that is more valuable than what we had the whole 2018

Quote from: Murat on December 12, 2019, 10:59:16 PM

This time is so early to predict about the 40k, It's huge, following my recent time experience, I don't think Bitcoin price will go above 15k within a year because of not getting treated properly, not only that but also the trading platform is not running well because of losing value of every cryptocurrency at a time, whatever the situation, it should get fixed.

but yeah 40k$ is too much to look at when the truth is market is going in different way,i think instead of expecting high is we buy more and more bitcoin so investors will be lured when they see that market is growing righ?t

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I don't think so, even I don't believe this way, day by day Bitcoin is becoming a complex platform for us because of its trend, we had a lot of expectation to this year that Bitcoin price would go up but we have seen the opposite situation, This time is so early to predict about the 40k, It's huge, following my recent time experience, I don't think Bitcoin price will go above 15k within a year because of not getting treated properly, not only that but also the trading platform is not running well because of losing value of every cryptocurrency at a time, whatever the situation, it should get fixed.

CryptoBry

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

And a very exciting, pulsating roller-coaster it is. Bitcoin is known to be a very volatile asset and this is where many traders can be making good money if they are playing their cards well but can also be a big risk when calculations are not made correct. There will always be speculations on Bitcoin all because we know so well its history and how it can be moving so fast or go down so quickly. In a way, we are all speculators with Bitcoin as nobody will be buying an asset convinced that it is going to be nothing but a thrash.

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.

You mean, less buyers or less investors. Those who do not want to take the risk and not aware about btc's use were the one's who missed the opportunity.

Quote

Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

Investors or traders want the dip, it is the opportunity to buy more btc at a lower price. Everyone make sentiments but at the end we only want profits. As you have said, halving event of btc will soon to happen and we can not do anything but to hold and wait for the major pump.

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

Well i don't agree with the 40k, you are trying to do "twice" the latest peak, but it doesn't work like that. The natural price increase would be always lower as time passes. Something like 30k is tops. The entire history of bitcoin price clearly shows this logarithmic curve, which happens to match the price of things like precious metals.

Right now its 7k ish so something under 14k would be more natural think 12k or 10k.

As more time pass, less fluctuation in price will occur. Any deviation will eventually correct itself.

Because that 20k was way over its natural price, it corrected over the following year, so assuming that again as base doesn't make sense.

Of course, it all falls in the realm of speculation, but zoom out that graph and see for yourself. Now compare historic prices of other things, see where else this logarithmic curve appears. Yes, it starts with great rises and it slows down overtime. Think of this, Bitcoin going from 1 to 10, is the same as today going from 7k to 70k, which is clearly not happening at least not in a similar time period. What took days yesterday, may take months today and years tomorrow. That is how that logarithmic curve works.

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Quote from: AmoreJaz on December 12, 2019, 06:07:47 PM

Quote from: romero121 on December 12, 2019, 06:01:19 PM

As Op has mentioned in the quote this is truly speculative that drives the market forward as well as backwards. As it is a speculative asset doesn't mean there is no demand. The increasing demand along with the speculation out of positive and negative news around makes the market get to be driven forward or down. In this prevailing market movements there is confirmed growth to take place than decline.

what more can i say? adoption is growing so it means that there is actually demand for crypto or bitcoin in particular. merchants are accepting the fact that there is volatility risk involved, yet, they are now bolder in accepting crypto as payment method.
increasing number of entities accepting crypto, means they somehow believe in crypto or blockchain tech. because without any faith, i dont think they will join this revolution

The non-crypto users are now starting to adopt cryptocurrencies and it means that the crypto community is continuing to grow. The demand is increasing due to the awareness of the people. There are now also merchants that are now want to accept bitcoin. As the mass adoption is occuring, the bitcoin are continuing to gain power and many more governments are want to legalize it.

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Quote from: romero121 on December 12, 2019, 06:01:19 PM

As Op has mentioned in the quote this is truly speculative that drives the market forward as well as backwards. As it is a speculative asset doesn't mean there is no demand. The increasing demand along with the speculation out of positive and negative news around makes the market get to be driven forward or down. In this prevailing market movements there is confirmed growth to take place than decline.

what more can i say? adoption is growing so it means that there is actually demand for crypto or bitcoin in particular. merchants are accepting the fact that there is volatility risk involved, yet, they are now bolder in accepting crypto as payment method.
increasing number of entities accepting crypto, means they somehow believe in crypto or blockchain tech. because without any faith, i dont think they will join this revolution

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As Op has mentioned in the quote this is truly speculative that drives the market forward as well as backwards. As it is a speculative asset doesn't mean there is no demand. The increasing demand along with the speculation out of positive and negative news around makes the market get to be driven forward or down. In this prevailing market movements there is confirmed growth to take place than decline.

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Sure it will. Speculation is the fuel for Bitcoin. Of course Bitcoin has other qualities that can start a rally but sooner or later it comes down to speculation.

Like some rallies start with seller exhaustion, some with news of adoption, some with a whale buying a lot but they all end with speculators overbuying and hurting themselves so you can be sure that speculation will make BTC pump again.

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.

You have to take note that massive buying can't be done by overnight even BTC is widely used or let's say heavily demanded.

Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.

Quick profit?

Quote from: malekbaba on December 12, 2019, 10:29:37 AM

In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

Speculation alone is not enough or should I say can't be the sole reason why BTC should reach $20,000, $40,000, $60,000. Also not a reason for BTC to go sub $6,000. There are already lots of positive predictions and speculations with a good analysis crashed along the way. Meaning, there are lots of factors to consider for this big pump or dump to happen.

Remember the last ATH? People are too optimistic back then that there is no chance we can see BTC again at sub $10,000 and the uptrend will just continue. That was big positive speculation that the majority takes, to the point that some sold their assets just to be involved in crypto. And what happens next?

Bitcoin will surely establish again it's another ATH. But for when, no one knows.

Kprawn

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The only speculation that is happening here, is your reasons for the use case for Bitcoin. There is a lot of speculation that Bitcoin is used on Dark

markets and that it is the primary use case, but if you actually go to Tor and browse around on these markets, you quickly realize that most of the

Dark market deals are done with Dash or Monero. Wink

When you fire up your Firefox or Chrome and you browse around on the normal Internet

(ClearNet) you will notice that most online merchants accept Bitcoin as a legal payment option. Wink

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Quote from: anoufal on December 12, 2019, 10:43:29 AM

It also seems to me that now someone is manipulating the price, such a change is not typical for bitcoin.

It is easy to do because of small volume on bitcoin exchanges. When you're able to influence the market and start a panic or a rally by only throwing less than 1% of the supply to an order it's turning into speculator's dream.
This is also a good thing because there will always be greedy people willing to play the pump and dump game like in gambling there are always those willing to risk it even when the odds are against them.

We will see another BTC pump for sure!

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Quote from: Slow death on December 12, 2019, 01:35:02 PM

Quote from: malekbaba on December 12, 2019, 10:29:37 AM

On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

We cannot be overly optimistic and we cannot make comparisons with the past. the current price is dropping every day, the current price can't keep above $10,000 and see that there is currently Bakkt that many people (including me) believed would make the price much higher than $9000 . But the reality is that the price is not getting above $10,000.

Quote from: ?? on ??

or without New Fools, Bitcoin may drop to $zero.

this is something very difficult to happen, especially in the very advanced adoption stage that bitcoin currently has

Bakkt were meant to stabilize the price of BTC which they are dealing fiat instead of real BTC. We can't expect the traders there to lift the price up when all that there is in bakkt are shorting for fiat. They were trying to subdue the market but when bullrun comes, probbaly after May 2020 they are going to lose money there because the real market of BTC are the exchanges where traders can actually send out the BTC going to the external wallets to our desktop wallets.

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

I think bitcoin will not go down its price in the market I think it is still profitable whatever happened in this topic, also I think speculation in bitcoin doesn't affect the market price of bitcoin but the supply and demand of the market, also there is a lot of speculation in the market about bitcoin and i think whatever happened in the market I think investors will always invest in bitcoin as always.

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

We cannot be overly optimistic and we cannot make comparisons with the past. the current price is dropping every day, the current price can't keep above $10,000 and see that there is currently Bakkt that many people (including me) believed would make the price much higher than $9000 . But the reality is that the price is not getting above $10,000.

Quote from: ?? on ??

or without New Fools, Bitcoin may drop to $zero.

this is something very difficult to happen, especially in the very advanced adoption stage that bitcoin currently has

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Bitcoin is a completely new technology and a completely new experience. Let's wait and see where it would lead us. At least for the sake of being a pioneer, Bitcoin may survive for a long time. For the prediction of just 2020, I'm bullish. The halving would make bitcoin generation rarer.

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Quote from: CodyAlfaridzi on December 12, 2019, 10:52:12 AM

Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Which data?

Sub $6K is way more likely than $40K in May 2020 Cheesy

You're too optimist. Even in the previous halving, the peak/new high wasn't made until a year or two after the halving happen. I'm not sure if BTC is going to make a new high after this halving though now that there are more money is already in crypto.

You got it so right. There is no such data that shows Bitcoin statistics at darkweb. If darkweb data can be captured and analyzed it cant be darkweb anymore. Speculations are integral part of bitcoin market. 50K price hike was lastly heard in dec 2017 and now once again we are listening such things for next year. Just a FUD.
I do agree that the way bitcoin price is going down there is possibility that it may go beyond 6k.

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

I think i prefer the former than the latter, the market has witness enough down trend especially the alts that it is only required to see some good uptrend movement, i hope the speculations will play a major role to drive the btc price to a greater height, everyone is just waiting to see what will happen next, i hope it will be positive than negative.

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Quote from: malekbaba on December 12, 2019, 10:29:37 AM

Some says there is no use of btc and hence no demand of btc. So no one is buying.
Another type of people who wants to see btc sub 7k, so they can buy and make quick profit.
But data shows btc is being traded from localbitcoins and dark market widely. In the end, speculation and sentiment will drive the btc ride. On May 2020, btc may exceed 40k.or go sub 6k. Lets wait and ride the btc coaster.

As usual stuff. You cant expect that BTC would really have those perma bulls yet there would always be those person who do sees bitcoin on negative either a true sentiment or just
have an intentional fud for their own benefit to re-enter on the market on cheaper price.

We cant deny that this market can really be driven with news and sentiments easily but we've been doing this for 10 years and bitcoins price does signify that it do
really have that potential to withstand those problems and keeps going on.

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Quote from: anoufal on December 12, 2019, 10:43:29 AM

It also seems to me that now someone is manipulating the price, such a change is not typical for bitcoin.

Nothing is changing and no one is manipulating the market yet, it's just your overthinking mind that's telling that the market is being manipulated. But as you can see the price is just moving in its normal movement. I still don't think speculation will have a big effect on the market to make a change, traders and whales are the only people I know that could make a change in the market.

Topic: Speculation will drive the btc ride further as always - page 3. (Read 763 times)