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Topic: What's up with bitcoin ? - page 3. (Read 803 times)

sr. member
Activity: 1470
Merit: 325
January 07, 2019, 08:11:48 AM
#26
Or it could go up.

nope community situation is completely different now
legendary
Activity: 2492
Merit: 1018
January 07, 2019, 08:08:09 AM
#25


You check out the crypto news site there are some news there that might give you answers, some of those articles are just related to adoption like more ATMs or like NASDAQ news regarding cryptocurrencies. Its not really major but I think these price movements will make the number of coins in circulation lesser.
jr. member
Activity: 182
Merit: 1
January 07, 2019, 07:02:56 AM
#24
I think you are not worried about current market prices, because the market is crypto  fluctuating, so you can understand this. and you can patiently wait for the Normal market price to return.
full member
Activity: 280
Merit: 100
January 07, 2019, 03:47:07 AM
#23
             This fluctuation exists because we are still on the bear market. These fluctuations are normal. I do not think we have to worry about this. But I do not think Bitcoin will be back in this year. Year 2020 will be the year of the return of Bitcoin, until then we remain with these small fluctuations.
sr. member
Activity: 1022
Merit: 256
January 07, 2019, 12:58:48 AM
#22
What is going on with bitcoin ? there are many fluctuations in short span of time within a limit of $500? but bitcoin is unable to reach a new landmark and trailing around $4000. what's the reason for these temporary price fluctuations?

Price fluctuations are never temporary. They are permanent. There was never a time in crypto in which the prices are steady. There will always be rising and falling of prices. The only temporary here are the prices. You cannot rely on them to be stagnant for a long time. There was so much hard time for Bitcoin to finally push this $4,000 back. It crosses the threshold and then loses it quickly. For now, we are once again crossing the $4,000 mark. I hope this will be continuous until somewhere safe around $4,500.
legendary
Activity: 3512
Merit: 4557
January 07, 2019, 12:46:58 AM
#21
Recovering from the brutal bear market.
full member
Activity: 580
Merit: 101
January 07, 2019, 12:15:10 AM
#20
Bitcoin is e currency digital payment have speculative price day by day, many time bitcoin have lower price but could raised to higher price, almost all of e currency payment never have speculative price like bitcoin where could raised up to higher price and raised more than 100% of growing up, no one e currency digital payment could be higher price more than 100% like bitcoin or altcoin.
jr. member
Activity: 462
Merit: 2
January 07, 2019, 12:06:45 AM
#19
No need to worry about the current market, or Bitcoin, this often happens on the stock exchange or cryptocurrency, what matters is what is the purpose of someone buying or selling, sure this is not always like this, someday the crypto market will improve and so on.
legendary
Activity: 3472
Merit: 10611
January 06, 2019, 11:59:49 PM
#18
bitcoin has always been volatile so your surprise is not justified.
and the range that it currently fluctuating in is not really that big a deal for us to talk about it. recently we had a tiny rise to above $4k which may be the sign of end of the holidays when the traders are coming back slowly and continuing their accumulation while whales are still trying to keep the price down.

it is too soon to be surprised anyways, you should be surprised when the FOMO buy starts at a higher price after the rear rise happens. basically when people come back when it is too late to come back and they have missed all the opportunities to buy bitcoin cheap.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
January 06, 2019, 10:57:04 PM
#17
What is going on with bitcoin ? there are many fluctuations in short span of time within a limit of $500? but bitcoin is unable to reach a new landmark and trailing around $4000. what's the reason for these temporary price fluctuations?

It is called supply squeezes

Get used to them, they are kinda expected. When the price goes down so much, people who wanted to sell have already sold, the rest are just holding. This leads to a diminishing supply at lower prices. But a diminishing supply in an overall downtrend market, i.e. where demand is falling as well, means the markets become thin while the orderbooks shallow. As a result, volatility gets out of control bringing about these fluctuations which we have a chance to witness with our own eyes

Ironically, the price cannot fall substantially lower as there is not enough supply, but it also can't break out because demand is weak too. Such dynamic can go on for long until there's some breaking news which either reinstalls optimism or wreaks havoc in the market. You choose which side of the trade you are on
full member
Activity: 546
Merit: 100
January 06, 2019, 08:52:03 PM
#16
Yes, today Bitcoin has increased again despite only a slight increase, but this is a good progress to see Bitcoin return to the real level. And I hope this surge is the beginning of the rise of Bitcoin prices.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
January 06, 2019, 08:43:31 PM
#15
That's bitcoin for you. We're experiencing these kind of fluctuations every so often, and we've reached $4200 on Christmas time even, so by now it should be normal for everyone else to see these kind of rises. There really is no reason for every price rises as everyone would like to point out on every individual post pertaining to prices. Also a lot of things are still happening around, including the fed shutdown, bakkt cancellation, and the likes, so it's hard to pinpoint what's causing the current rise.
copper member
Activity: 420
Merit: 2
January 06, 2019, 08:39:40 PM
#14
I think these fluctuations are what makes bitcoin investment interesting and apparently profitable. Although might not be so favorable for long term investors, I think its good for day traders because they can make significant profits from their investment within a short period of time.
legendary
Activity: 3290
Merit: 1901
Shuffle.com
January 06, 2019, 06:31:30 PM
#13
These kind of fluctuations are normal, I don't think it's something to be worried about after the price took a dive during November. The short term traders are the one behind these fluctuations maybe some of them are shorting Bitcoin taking advantage of the situation whenever the price slowly recovers a sudden dip happens right after.


The Bitcoin was going on with lots of stability since a few months so we can made an investment and in future we can earn some profit it will be the right decision to make at this situation and it will also be profitable in the future.
The price wasn't stable in the last few months it did stay well above $6k in the 3Q of 2018 but after that everything went down.

i dont think so it will go down soon to a new low support level
Or it could go up.
full member
Activity: 434
Merit: 103
January 06, 2019, 06:10:16 PM
#12
There is little short term volatility at the moment when compared to the past. The price is very static and that's because it's in a sweet-spot where few people are willing to sell but few people are willing to buy. Or alternatively supply and demand are in near perfect equilibrium with little shocks on either side.
member
Activity: 420
Merit: 10
January 06, 2019, 05:07:39 PM
#11
Bitcoin slowly but surely begins to grow. I think that by February the biktoin will reach the price of 6, 000 dollars, and by the summer will return to the price of 20, 000 dollars.

We are waiting for an exciting bull year.
member
Activity: 210
Merit: 29
January 06, 2019, 04:52:36 PM
#10
Talking about fluctuations, last time I check the price is above $4K now. And as far as I can remember, we have seen fluctuations above $1K in 2017 (correct me if I'm wrong).

That's dependent on the space of time you are considering, the price was very volatile in 2017, rising quickly in the last quarter of the year and reaching a new all time high.
2018 was a relatively stable year, for a normally volatile market.

OP, the cryptocurrency market is defined by demand and supply and is likely to fluctuate in value.
hero member
Activity: 2632
Merit: 833
January 06, 2019, 04:41:39 PM
#9
What is going on with bitcoin ? there are many fluctuations in short span of time within a limit of $500? but bitcoin is unable to reach a new landmark and trailing around $4000. what's the reason for these temporary price fluctuations?

Talking about fluctuations, last time I check the price is above $4K now. And as far as I can remember, we have seen fluctuations above $1K in 2017 (correct me if I'm wrong).

Also I have a theory that somewhat the Ethereum fork is pulling the price of bitcoin to increase or shall I say be volatile in the next coming days.
sr. member
Activity: 1470
Merit: 325
January 06, 2019, 04:27:20 PM
#8
Well the only logical reason for this fluctuation is that the market conditions are extremely poor and we are in the bearish market.

Well the price has been a bit stable with in $3800 to $3890



it was also stable for a while at 6500


The Bitcoin was going on with lots of stability since a few months so we can made an investment and in future we can earn some profit it will be the right decision to make at this situation and it will also be profitable in the future.

i dont think so it will go down soon to a new low support level, if someone gets the guts and creates a new cryptocurrency indexation system and market, despising the corrupt current one it will break the neck and cornerstone of bitcoin and this community
member
Activity: 1204
Merit: 38
January 06, 2019, 03:59:37 PM
#7
Well the only logical reason for this fluctuation is that the market conditions are extremely poor and we are in the bearish market.

Well the price has been a bit stable with in $3800 to $3890



it was also stable for a while at 6500


The Bitcoin was going on with lots of stability since a few months so we can made an investment and in future we can earn some profit it will be the right decision to make at this situation and it will also be profitable in the future.
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