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Topic: What is happening to Bitcoin? (Read 382 times)

brand new
Activity: 0
Merit: 0
December 01, 2018, 11:26:54 PM
#49
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sr. member
Activity: 833
Merit: 267
September 20, 2018, 05:42:49 PM
#45
I have already missed this big news. However, is is only the normal fluctuation of Bitcoin. Perhaps, some people sold bitcoin and some people bought Bitcoin at same times, then generating this fluctuation. Therefore, you don't worry.

Bitcoin is bit stable between  $6200 to $6300 which shows fluctuation is in very less number. Also price of bitcoin is not going down under $6000 which gives positive result for the coin and hoping the best days to come ahead for investors who invested large amount in bitcoin....
legendary
Activity: 1526
Merit: 1179
September 20, 2018, 03:25:21 PM
#44
We are still in the correction stage and, in my opinion, it might last a few more years.
A few more years of bear market? That's highly unlikely with how we're moving forward technically and also based on the events that we have to go through. The block halving is the most important factor.

The block halving is pretty much the only event that's guaranteed to take place, and it has also proven to lift the market up far before the halving actually kicks in. In other words, I'm more confident about the market than you are.

Obviously, that doesn't mean the price can't go down in the coming months, but we're not endlessly going down. The process that takes the most time is the run-up to the actual all time high, but that's a concern for later.

Reaching $10,000 within 12 months from now is what I consider to be an all time high, based on normal demand.
full member
Activity: 334
Merit: 100
September 20, 2018, 02:49:51 PM
#43
Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?
Its not at all a surprising moment. Bitcoin can fall to any extent and can even rise to any extent. Its the nature of bitcoin. Bitcoin is highly volatile and it will keep on fluctuating every single day, rather every single moment. Now 1btc=$6393. So don't worry about these small movements in the price of bitcoin, just wait for $20k Grin Cheesy.
newbie
Activity: 18
Merit: 0
September 20, 2018, 11:36:14 AM
#42
I have just checked this news again. You know it is not a big change, it has just moved $ 400 in fast speed. It will not impact more on Bitcoin status now. Therefore, we are patient and conscious now.
newbie
Activity: 16
Merit: 0
September 20, 2018, 11:34:56 AM
#41
I have already missed this big news. However, is is only the normal fluctuation of Bitcoin. Perhaps, some people sold bitcoin and some people bought Bitcoin at same times, then generating this fluctuation. Therefore, you don't worry.
full member
Activity: 476
Merit: 124
September 20, 2018, 11:31:48 AM
#40
In my opinion, what's going on with BTC market is totally proving the unpredictability of its movement. The volatility will always stay as long as there's no regulations. Those people questioning these type of fluctuations are probably new to cryptosphere. Learn from it and you should study the indicators well such as volume, MACD, RSI, etc.
newbie
Activity: 266
Merit: 0
September 20, 2018, 10:43:14 AM
#39
This proves that bitcoin volatility is high, there are large investors that make prices rise so fast and even a large decline occurs. This is a natural thing in the market.
STT
legendary
Activity: 3878
Merit: 1411
Leading Crypto Sports Betting & Casino Platform
September 20, 2018, 12:48:25 AM
#38
Those two price points are the same boundaries in play for a while and previously also to the last spike it was in the this range anyway.   All that happened to today was a sharper movement within a smaller time but still within normal range.

I think it related partly to news of a centralised exchange in Japan being compromised and then some kind of interaction with shorts and these shorts got closed out by buyers at support.  Overall the range is quite strict.

Here is a chart of volatility for BTC longer term:  


So according to this BTC now September 2018 is as quiet as before Summer 2017
full member
Activity: 403
Merit: 100
September 20, 2018, 12:35:47 AM
#37
Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?
It's only a price increase of 400 $ that is quite common for fluctuations in Bitcoin prices, but the movement is so fast, But if you look closely, Bitcoin increases so strongly unlike Altcoin. So if you believe in cryptocurrency you must believe in Bitcoin. But remember every investment has a risk.
hero member
Activity: 2492
Merit: 542
September 20, 2018, 12:28:04 AM
#36
We can see this kind of scenarios until etf decision is made in the last day of this month some are accumulating good amounts of bitcoin by manipulating this markets its all about money once etf has been decided approved or failed, market will surely response either up or new downs.     
full member
Activity: 192
Merit: 101
September 20, 2018, 12:17:02 AM
#35
I think it's normal for bitcoin to run from $ 6100 to $ 6500 in a few hours, because there are many factors that occur from the price hike, one of which is traders who always make a price for profit and investors who always keep the price so that bitcoin isn't too slumped and the miners who really did not want bitcoin fell free from their basic prices and calculations.
legendary
Activity: 3444
Merit: 10558
September 20, 2018, 12:16:41 AM
#34
first of all from $6300 to $6100 then to $6500 is not a big change. it is only a fluctuations of about 3% rise and fall in either direction. and percentage is important not the size so when you look at the numbers try to calculate the percentage.
secondly the bitcoin market is still small as i always say, a medium sum of money can suddenly change the price a lot. sometimes manipulators use this to cause panic. like the dump that you just saw to $6100 but it is not always going to be effective as there is a whole market that can go against them like the jump back ups that we keep seeing.
bce
sr. member
Activity: 756
Merit: 250
September 20, 2018, 12:06:14 AM
#33
Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?
anytime and any coin if you are ready with all the risks and have the confidence and patience I think whenever the time is right to buy and start investing with cryptocurrencies
jr. member
Activity: 336
Merit: 2
ECOSTART
September 20, 2018, 12:03:51 AM
#32
I think the surge in bitcoin is because there is news from British countries that legalize bitcoin immediately.
The impact is good for the development of the next bitcoin, the market will gradually improve and get a place in developed countries.
newbie
Activity: 140
Merit: 0
September 19, 2018, 11:55:56 PM
#31
Bitcoin prices change every day very quickly. but if you look closely and carefully, Bitcoin stays strong. So if you believe in cryptocurrency you also have to believe in Bitcoin. But keep in mind every business has risks and cryptocurrency and also bitcoin have risks.
hero member
Activity: 1540
Merit: 508
September 19, 2018, 11:42:49 PM
#30
Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?
I think it is very normal to bitcoin and other cryptocurrency, that is a simple rule of the market when 'sharks' start buying or selling. They make people panic and sell bitcoin with cheap price and buy it, then sell at higher price.
full member
Activity: 546
Merit: 100
September 19, 2018, 11:27:06 PM
#29
Nothing, it just a normal market cycle. Those kinds of volatility are normal in the cryptocurrencies space. I don't think there is something to worry about. It just probably means bitcoin hold those support position, nothing else.
Yes, that is true, in my opinion, the price movement of Bitcoin depends on the ongoing trade by traders in the Bitcoin market, so prices move down and up. if the current case is why Bitcoin is so fast going down and then returning quickly? that's because I say it's normal. so there's no need to worry about such circumstances.
member
Activity: 459
Merit: 10
September 19, 2018, 11:21:20 PM
#28
Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?
It's just a whale's adjustment. You should not be so worried about Bitcoin's fluctuations. That is very normal in this market. If you are still investing in Bitcoin, the sincere advice is to hold on to the long term. Blockchain technology will soon be widely used throughout the world. Grin
full member
Activity: 457
Merit: 100
September 19, 2018, 11:00:09 PM
#27
Nothing, it just a normal market cycle. Those kinds of volatility are normal in the cryptocurrencies space. I don't think there is something to worry about. It just probably means bitcoin hold those support position, nothing else.
bitcoin is experiencing a drastic decline in market prices. but it's natural that is called business. because bitcoin is also flucfuative. which can go up and down quickly.
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