Bitcoin's price depends on the prices on exchanges. If bitcoin were to rise in price, of course someone would be willing to buy at a certain price. It wouldn't rise in the first place if no one was buying the bitcoin.
Also, who says bitcoin will hit 35k any moment? Event though that price point is very possible in the future, I don't see bitcoin reaching that price any time soon. Probably not even next year. In the end, no one knows. So stop believing those "price prediction" posts.
Topic: which traders to sell your BTC IF BTC prices spike again ?... (Read 116 times)
I am quite speculative whether all traders will agree buying your BTC spikes again anytime soon, say it hits 35k or even more at any moment, from the current price around 6k, do you really think any exchange website will buy your BTC ?... i know many will say Yes because at the same time many people will be buying BTC at that same point so exchanges would be doing a lot of profit (which I doubt it) so i came across this article online:
https://www.investopedia.com/news/what-was-behind-bitcoins-insane-price-moves-dec-7/
something tells me this can happen again and most traders if not all will refuse to buy our BTC If BTC spikes again !...
Did anyone think about this ?... And what are you planning to do in this case ?... just sit and watch when it goes down again to sell ??
we are all here to make money out of BTC so we are Holding to sell, i just hate to see anyone get scammed or not fulfill his goal at that point of time :S...
its not really problem selling your bitcoin when the price spikehttps://www.investopedia.com/news/what-was-behind-bitcoins-insane-price-moves-dec-7/
Quote
As if the ricocheting price movement was not enough, several prominent bitcoin exchanges reported outages or delays in trading. For example, GDAX had a “minor service outage” while Bitfinex, which claims to be the world’s largest cryptocurrency exchange, said it was investigating a Distributed Denial of Service (DDOS) attack. The UK’s largest cryptocurrency exchange, IG Group, suspended trading briefly after bitcoin’s price surge. (See also: Best Ways To Protect Bitcoins.)
“It’s beyond abnormal, it’s unprecedented. Every other commodity has natural sellers,” said Walter Zimmerman, a technical analyst, in an interview with the Financial Times.
“It’s beyond abnormal, it’s unprecedented. Every other commodity has natural sellers,” said Walter Zimmerman, a technical analyst, in an interview with the Financial Times.
something tells me this can happen again and most traders if not all will refuse to buy our BTC If BTC spikes again !...
Did anyone think about this ?... And what are you planning to do in this case ?... just sit and watch when it goes down again to sell ??
we are all here to make money out of BTC so we are Holding to sell, i just hate to see anyone get scammed or not fulfill his goal at that point of time :S...because the price will not rise in the first place if no one will buy it or buying it
I usually think that it will surely depend on who's buying and the value of bitcoin will not magically increase without anyone buying it, So to speak there are still people that will buy bitcoin at that high price, If you are into bitcoin you are not making money because of bitcoin but to build a better future out of it, we just Hold on to our bitcoin for our future we can sure sell them if you think the price would have a sudden dead cat bounce but you will just sell a few of them to gain profit but a large portion would still stay in your wallet.
Though we have a price spike of bitcoin towards the end of last year and the beginning of this year. I was trading bitcoin smoothly during that period there was no difficulties encountered during buying or selling bitcoin. It's only takes outstanding events to cause a remarkable price spike.
price spike is not going to happen suddenly. it will be the last step of a long rally or series of rises.
for example take the last rise. it basically started at $200 3 years ago (2015). it slowly went up to higher values that took about 3 years until 3/4 of 2017 then the "spike" that you have in mind occurred. and that is where you want to sell not the previous rises because that last big FOMO buy leads to a bubble and an unrealistic price (that was $20k) and similarly you want to buy bitcoin when it is underpriced at an unrealistic lower price (that is $6k).
do you even know how price rise and "spike" works?!!
in a market there is a buy and a sell. when there is more buys the price goes up. in other words price doesn't magically go up! it is people buying the asset that causes the rise!
the thing you quoted is just talking about shittiness of exchanges that have weak servers that can not handle large requests. it was NOT a DDoS attack but simply a surge of demand. Coinbase for instance reported 1 million new users registration in a couple of days during that spike time.
for example take the last rise. it basically started at $200 3 years ago (2015). it slowly went up to higher values that took about 3 years until 3/4 of 2017 then the "spike" that you have in mind occurred. and that is where you want to sell not the previous rises because that last big FOMO buy leads to a bubble and an unrealistic price (that was $20k) and similarly you want to buy bitcoin when it is underpriced at an unrealistic lower price (that is $6k).
something tells me this can happen again and most traders if not all will refuse to buy our BTC If BTC spikes again !...
do you even know how price rise and "spike" works?!!
in a market there is a buy and a sell. when there is more buys the price goes up. in other words price doesn't magically go up! it is people buying the asset that causes the rise!
the thing you quoted is just talking about shittiness of exchanges that have weak servers that can not handle large requests. it was NOT a DDoS attack but simply a surge of demand. Coinbase for instance reported 1 million new users registration in a couple of days during that spike time.
I am quite speculative whether all traders will agree buying your BTC spikes again anytime soon, say it hits 35k or even more at any moment, from the current price around 6k, do you really think any exchange website will buy your BTC ?... i know many will say Yes because at the same time many people will be buying BTC at that same point so exchanges would be doing a lot of profit (which I doubt it) so i came across this article online:
https://www.investopedia.com/news/what-was-behind-bitcoins-insane-price-moves-dec-7/
something tells me this can happen again and most traders if not all will refuse to buy our BTC If BTC spikes again !...
Did anyone think about this ?... And what are you planning to do in this case ?... just sit and watch when it goes down again to sell ?? we are all here to make money out of BTC so we are Holding to sell, i just hate to see anyone get scammed or not fulfill his goal at that point of time :S...
https://www.investopedia.com/news/what-was-behind-bitcoins-insane-price-moves-dec-7/
Quote
As if the ricocheting price movement was not enough, several prominent bitcoin exchanges reported outages or delays in trading. For example, GDAX had a “minor service outage” while Bitfinex, which claims to be the world’s largest cryptocurrency exchange, said it was investigating a Distributed Denial of Service (DDOS) attack. The UK’s largest cryptocurrency exchange, IG Group, suspended trading briefly after bitcoin’s price surge. (See also: Best Ways To Protect Bitcoins.)
“It’s beyond abnormal, it’s unprecedented. Every other commodity has natural sellers,” said Walter Zimmerman, a technical analyst, in an interview with the Financial Times.
“It’s beyond abnormal, it’s unprecedented. Every other commodity has natural sellers,” said Walter Zimmerman, a technical analyst, in an interview with the Financial Times.
something tells me this can happen again and most traders if not all will refuse to buy our BTC If BTC spikes again !...
Did anyone think about this ?... And what are you planning to do in this case ?... just sit and watch when it goes down again to sell ??
we are all here to make money out of BTC so we are Holding to sell, i just hate to see anyone get scammed or not fulfill his goal at that point of time :S... Jump to: