The price is out of control - page 4.

bitkanu

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Quote from: TravelBlock on December 08, 2017, 06:17:21 PM

Reaching nearly $19,000 on certain exchanges (it's trading for as high as $30,000) is getting a little concerning, there might be a pullback but even if the worst case scenario would happen, it's still good for the long-term run. Blockchain is here to stay.

The pullback already here, but it's what many people call correction, the price change is really significant from the price you mentioned above to merely $15,000 but speaking the truth
this achievement itself even after the pullback beyond imagination of many people in the start of this year, the price increase more than few hundreds is already a huge achievement.

wjchong

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Bitcoin became a revolution right now. Many people wants Bitcoin, they want to know more and more about Bitcoin. Price of Bitcoin made it gold in cryptocurrency.

Pepito Manaloto

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Quote from: OmegaStarScream on December 07, 2017, 10:32:46 AM

I know that everyone gets excited when the price is increasing but you should probably think about this twice, those who don't have bitcoin yet, should probably wait a little bit more before buying, just to see how things will go in the upcoming hours/days and as for those who already have bitcoin, If you're hodler and you actually can afford to lose whatever you have then just continue to hodl otherwise, you may think about selling. In the meantime, I suggest reading the post by theymos on Reddit, very useful.

That is indeed true. Bitcoin's market value is going insane. But the thing that matters here is that it gives profit to its users and investors as its price becomes more expensive and the expectations of its price to be higher in te future is what excites its users and investors and gives them reason to hold and invest more which indeed seems to a good idea.

freecastle

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every day I see the bitcoin take 4-5% and every day I tell myself "it's not possible!"

McKane

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IF PROBLEM WITH MY TRUST THEN BRING AN ESCROW.

Main reason why the price is out of control just because of less supply. That's why bitcoin price is increasing. It's time to hold bitcoin because you might never know that the decimal of bitcoin will be equal to 10,000 USD as well.
For example: I will tell you in general life.
If a supply of sugar is in less number than the sweet prices will be increase.
Now take an example of bitcoin:
If the supply and mining of bitcoins goes more so the supply will become less. So the price of bitcoin will be decrease.

So that concept is showing that those people who are talking about bitcoin that bitcoin is bubble then it's not true. Because it is all about demand and supply that's why price is out of control.

janah

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Quote from: OmegaStarScream on December 07, 2017, 10:32:46 AM

I know that everyone gets excited when the price is increasing but you should probably think about this twice, those who don't have bitcoin yet, should probably wait a little bit more before buying, just to see how things will go in the upcoming hours/days and as for those who already have bitcoin, If you're hodler and you actually can afford to lose whatever you have then just continue to hodl otherwise, you may think about selling. In the meantime, I suggest reading the post by theymos on Reddit, very useful.

I totally agree with you for those who planning to buy bitcoin we should observe the market price of bitcoin
Because no one has the control of the price of bitcoin and for those holding bitcoins we should hold the bitcoin until we have good profit from it. We need to be wise for buying or selling bitcoins and set goals for our own good or else if we dont do that we just wasting our time and money.

Naoko

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the price went out of control...I don't risk now buying bitcoin, because I can lose everything...I look at other currencies...bitcoin causes my stress

Valentina N

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Quote from: OmegaStarScream on December 07, 2017, 10:32:46 AM

I know that everyone gets excited when the price is increasing but you should probably think about this twice, those who don't have bitcoin yet, should probably wait a little bit more before buying, just to see how things will go in the upcoming hours/days and as for those who already have bitcoin, If you're hodler and you actually can afford to lose whatever you have then just continue to hodl otherwise, you may think about selling. In the meantime, I suggest reading the post by theymos on Reddit, very useful.

Hello author! I totally agree with you all we have it's just some experts on bitcoin talk and some people who make the puppet market. Its not normal even I without any education understand this pretty well. Crazy price situations with hype. I have no any motivation to criticize it because I have no any money so it means I can look on situation adequately without any high emotion. I make genial conclusion: to be poor have some positive things such like you can loose nothing because you have nothing. This works and with bitcoin holders) I will be happy if people can thinking constructively and use brain and understand clear "There’s no such thing as a free lunch".

ivanst776

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Quote from: A.Delaney on December 07, 2017, 11:24:31 AM

These people that are investing only to get rich and don’t care about bitcoin won’t hesitate to sell off quickly if things head south. Thats when the bubble bursts.

Lol, This is really bitter reality, people do not care much about bitcoin. There are only few people who are sincere with bitcoin and luckily I am one of them, but rest who really love money as you said are going to simply switch to any other coin with higher price.

But what I believe is that bitcoin is not going to let any other coin overthrow it. Bitcoin is the oldest coin and this is why it has strongest market and is the most expensive coin.

ZZ8ZZ

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It's out of control indeed lmao. Now I truly believe that absolutely everything is possible in crypto like my friend says Grin

Sometimes it just skyrockets like crazy and it won't stop and at the same time it can fall as fast as it rose Cheesy

Crazy stuff indeed and what more crazy is, is that even my grandma, who is 80 years old heard about BTC and started asking me about it.

heureca

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Quote from: TravelBlock on December 08, 2017, 06:17:21 PM

Reaching nearly $19,000 on certain exchanges (it's trading for as high as $30,000) is getting a little concerning, there might be a pullback but even if the worst case scenario would happen, it's still good for the long-term run. Blockchain is here to stay.

I think that a lot of big investors decided to sell its BTC at the price 19-20k $ so it could be big BTC dump at the price of 20k $ per 1 BTC

maydna

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Quote from: Rozita on December 08, 2017, 07:26:29 PM

Quote from: khaled0111 on December 08, 2017, 06:03:41 PM

It is really confusing. I tried to analyze what is going on but i was not able to come out with a conclusion.
In one hand, too many people are trying to buy (huge demand) meaning that the price will rise more.
In the other hand, many holders started panicking because they expect a near price correction (huge supply).

Most likely the price will keep rising but it will be wise to be careful when investing during next days.

Yes, Both demand and supply are high now. But seems that demand is now more than supply and the number of people in second group ( those who panic) is not that high to cause the price to fall very much. Correction is over. Price fall has stopped.

yesterday when the price is down, I see there is still panicked people and makes the price got drop too far. but fortunately, the price it seems bouncing up again and now reach more $15k. I only hope that the price back increases again but if there is another down for the price, then I only prepare to buy more bitcoin.

malika

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Quote from: OmegaStarScream on December 07, 2017, 10:32:46 AM

I know that everyone gets excited when the price is increasing but you should probably think about this twice, those who don't have bitcoin yet, should probably wait a little bit more before buying, just to see how things will go in the upcoming hours/days and as for those who already have bitcoin, If you're hodler and you actually can afford to lose whatever you have then just continue to hodl otherwise, you may think about selling. In the meantime, I suggest reading the post by theymos on Reddit, very useful.

That is the reality everyone gets excited becauseof the profitability they might earned in investing bitcoin but you are right to think twice or thrice before investing and they should be ready on the risk they are taking because we never know when will the volatility will occur. The increase or decrease in pricing is dramatically happening anytime and we cannot even control it so we better watch read and evaluate the market and think before investing.

CryptoBithereum

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The analyst said it will reach $15k by the end of the year and it already surpassed that. I'm thinking at what price is the best time to buy it. Yesterday it lost a bit but came back strong as of today. Its really like a roller coaster ride.

elie_s

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And the best is yet to come in the early month of 2018

Rozita

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Quote from: khaled0111 on December 08, 2017, 06:03:41 PM

It is really confusing. I tried to analyze what is going on but i was not able to come out with a conclusion.
In one hand, too many people are trying to buy (huge demand) meaning that the price will rise more.
In the other hand, many holders started panicking because they expect a near price correction (huge supply).

Most likely the price will keep rising but it will be wise to be careful when investing during next days.

Yes, Both demand and supply are high now. But seems that demand is now more than supply and the number of people in second group ( those who panic) is not that high to cause the price to fall very much. Correction is over. Price fall has stopped.

cryptolerant

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Quote from: HALLASTERA on December 08, 2017, 04:08:58 AM

Quote from: OmegaStarScream on December 07, 2017, 10:32:46 AM

I know that everyone gets excited when the price is increasing but you should probably think about this twice, those who don't have bitcoin yet, should probably wait a little bit more before buying, just to see how things will go in the upcoming hours/days and as for those who already have bitcoin, If you're hodler and you actually can afford to lose whatever you have then just continue to hodl otherwise, you may think about selling. In the meantime, I suggest reading the post by theymos on Reddit, very useful.

You one of them who give to us information not hype about "Bitcoin price currently very low and etc" . I think who have more than 20 bitcoins must sell something but for me holder of 4 bitcoin have no reason sell them)

It rose so much that even 4 bitcoin is a big thing mate. So actually it matters for you too. I have policy of selling %10-15 of my portfolio whenever there is a big dump in the market.

TravelBlock

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Reaching nearly $19,000 on certain exchanges (it's trading for as high as $30,000) is getting a little concerning, there might be a pullback but even if the worst case scenario would happen, it's still good for the long-term run. Blockchain is here to stay.

wielkiemonety

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Tak szybko to wszystko idzie że naprawdę nie wiem gdzie to może się skończyć.. Jak walnie $20,000 to wtedy będzie barierka psychologiczna zniszcona. $1 trillion market cap??

brickafterbrickwalldpt

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I don't exactly believe in a sudden bubble burst, but the vapid changes in bitcoin exchange rate have been making me feel a bit uneasy. It's mostly just being a far away observer for me currently, if the 'dam' ruptures in any highly unlikely situation I'm prepared to sell my bitcoins and jump off the boat. Sike, not. I'm way too optimistic and while this is something to worry about I'm not really into the crypto doomsday kind of thing.

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