Topic: Why is a constant rise in the price of Bitcoin, important? - page 9. (Read 970 times)

The constant rise in price of Bitcoin is very important. This will help the Bitcoin with the main issue; Bitcoin can earn many investors from all over the world due to its stable rise in prices. This is what needed at the moment. Many people around the world are still afraid to invest in crypto because of its price. So if Bitcoin will show some constant rise in price it can boost the confidence of many people for investing in it.

but the volatility will remain the same no matter what people do. even if they stop hoarding and sell something at the ATH and take profit there and do all the things OP says, price will still remain volatile the same way it has always been.

the problem is not with what people are doing, the problem is because of exchanges! they are too small and hard to trust so they remain small. if you look at order books you can see that a large sell or a large buy can change the price a lot more than it should. and we all know that prices are set on exchanges.
and for that to change we need better trusted exchanges so that people don't feel the need to cash out and never leave an open order. with that the order books will be filled a lot more and the swings become less wild and that will decrease the volatility and we will no longer have 1000% rise followed by 70-80% drops. instead we can have a smooth rise of somewhere around 100-200% rise per year with smaller corrections instead of massive dumps.

A trader won’t be a trader if he does not sells out and earn profit from time to time. This is what trading is. Otherwise, he will become a simple holder. As far as the matter of securing profits goes then in don’t doubt potential coins in any way because the boy who became a millionaire was basically a holder not a trader. Profit securing depends on asset that someone chooses. If it is a potential coin, he will never get disappointed.

Price of the Bitcoin depends on supply and demand factors. These along with other factors like government regulations and technology decides the overall price of the bitcoin.
As with the passage of time Bitcoin's market cap has been increasing and continue to do so, there are fair chances of its price increase.

What you are saying is sad and true. I didn't cash out my btc ath and lost quite a lot of what could be my profit. The main reason of not cashing out was the constantly rising price and really high transaction fees. But that was stupid and greedy. Now I simply want the price to climb up to $15k or so and I'll sell everything I got, because when you have no btc stored you don't really care about the price and use the converted money the way you need.
If we keep holding our cryptos it will justify even more the way of treating it as property, not financial assets. We have to us them in any way we can to prove they are worth those prices they still have.

A constant rise is important in the rise of Bitcoin because those who have invested in it will be wondering at the regular graphs in order to reach at the expected price they were looking for. This will assure the modern world to link with the frictionless technology both incase of investment and transaction system. Besides other advantages Bitcoin regular price will create a more positive site for people.

Yes there is now no improvement in the investment attributes of bitcoin. These are all empty words that are not true. There was a strong and stupid skew in the use of bitcoin, which already now causes insoluble problems. We need to use bitcoin for its intended purpose - as money and means of payment. Using it as a repository of value, or, more simply, for the purpose of speculating and extracting superprofits due to the growth of its price, can lead to nothing good. The bitcoin will grow from this in price, while because of the panic that has arisen, it will not depreciate.

People who have invested significant amounts with the intention of winning that money back should probably follow this policy. To me personally, i prefer to hold whatever I have till i get a good technical grasp of this. If things work out the way they are meant to, we'd probably not have to worry about trading and stuff.

Another interesting way out is to use bitcoin to buy stuff. We need new stuff all the time. That money will be spent anyways. So instead of spending fiat directly on the good, I think spending it via bitcoin would be much better. I am still looking for ways to do this as the ecosystem isn't tuned to goods out here but rather to trading. I tried trading but realized i have not much love for it. All it gets you is money.

yang jadi tanda tanya besar adalah, dimana letak titik tertinggi Bitcoin? bahkan dalam beberapa bulan saja Bitcoin mampu untuk mencetak dan terus mencetak rekor baru. dimulai dari level $4,979 sekitar akhir bulan September, kemudian level $6,449 pada bukan Oktober, dan terus naik bahkan sampai diatas harga $8,200 per Bitcoin.

I am glad you pointed it out. Exits are more important than entries for majority of traders (excluding scalpers). Cashing out continuously is a great way to secure your profits from cryptocurrency.

I can understand the concern of OP and agree with him up to some extent. I think the rise in price would definitely help Bitcoin to attract many new eyeballs but I want the rise along with the rise of the user base. It doesn't make any sense to blow the price if there is no base for it. It will collapse if something like it is taking place in the market. We have already experienced the price rally due to the involvement of the big whales and institutional investors but when they decided to sell their investment, it resulted in a panic selling wave in the market and ultimately the correction of 65%.

I think I get what you're saying. Basically, simply HODLing isn't enough to maximize your profits, correct? Bitcoin does have the potential to be one of the best performers, but you must do some smart selling in addition to HODLing to actually realize that potential. It has to be acknowledged that there's a lot of guesswork involved though, as you always run the risk (if you can even call it that lmao) of selling mid-rally.

Aren't your numbers a bit off though? I mean, why would inflation not affect other traditional investments? Am I missing something?

Indeed. Hoarding bitcoin alone isn't enough since anytime, a violent crash might happen that could potentially affect your already in-profit investment. You need to liquidate funds immediately and reopen your position in the market once it has suffered some losses. Only then would you be outperforming traditional investments and wait for the next opportunity to buy back in the market. I'm not against hoarding coins for the long time because I know for a fact that it works, but the people who are hoarding for too long might be missing a lot of opportunities this market is offering.

That is correct. Bitcoin is only the best investment of a given time period, if it yields more or outperforms the next available investment.

I think that's where the difference between a trader and a holder start to emerge. Holders aren't technically in bitcoin to make the most amount of money, they just want to conserve their wealth away from fiat currencies for the long term.

That's why if you're a trader, or someone who is into bitcoin more as an short term investment, it's so important that you sell at appropriate times. Bitcoin has its peaks and troughs, just like all other investments in the real economy.

You are correct! Blindly hoarding your bitcoins can be proved harmful if we are not cashing out some of it during the peak prices. because bitcoin has a very limited use in digital form, especially in my country. So I always have to cash it out to make it useful. However, I also use another small trading strategy. I always keep around $500 - $600 of liquid funds in exchanges to execute trades whenever an opportunity arises. I take the moving average into consideration and invest during the price decrease. Just to give you an example,

Bitcoin price on 10 May: $9,300
Bitcoin price on 16 May: $8,227
Difference of: $1,073

If you monitor the market very closely, you can see that bitcoin's price moves within a certain price ranges every week. I just try to identify the low and enter into a position by exchanging my USDT in to bitcoin. So here I have entered in to a position yesterday and I will wait for the price to go up at least to $9,000 before squaring off my position. It may take few days but once it happens, I exchange back my bitcoins to USDT again by scoring a profit of 9.4%. That's a profit of $56 dollars which is equivalent to 3.7k in my local currency. I execute such trades once or twice a week to maintain some liquidity in my hand. I have written this down because I always put a minor percentage of my bitcoins to work instead of keeping them idle. That's inflation proof as well as provide me enough liquidity whenever needed.

I have some tokens I got by work. Bitcoin Prices Grade Pauer, I sell and get good profit. Bitcoin has a few investors involved with it and there are also some of the less developed people who work this Bitcoin family. So, I think it is very important to keep the Bitcoin value intensified by analyzing all the details.

 Its anybody's choice if your going to hold or sell it later. The crypto currency market trading movement is Volatile, just other stock market, no one can tell what will happened to the  market of ALT coin price. A stable market price of one coin project is important not only the coin project investor but it is the bases of building confidence to other future market trading investor which contribute to the future increase on the price value of Bitcoin. Issues on Banned,Scammer, and Regulation affects the price value of Bitcoin every time it was release on the trading market. The steady but slowly increase on the price value of such coin project is more than important  rather the spike increase.

The usage scenario is not something we are getting to see now, but hopefully we may get to see this in the long run and as it is now, we may just end up stuck to having speculative asset in our hands. As more people keep seeing it as an investment alone, and then hoarding it, the more the speculative attribute of it keeps increasing. However, the OP was right, as there are just some times you need to be smart even while you are trying to hold for the greater good.

Right, I was actually forced to learn how to trade and find a pattern to be able to get the best of the market as a result of most of the things the OP said and that over the years has ended up giving me a better position than someone who is just busy hoarding all through. It has made me to focus on the future which I would not apparently be missing and also be enjoying the present profits. I believe this is where my mouth is and better to concentrate on getting the best of it.

I can make sense of what you are saying from this above quote.

It is exactly the point that while hodling, price increase and fall back, so it is more business like when we sell off at profiting time to buy again when price is low.

Yes I get this point. This is the importance of setting a time frame when to cash out. That's true we have to enjoy the profit. Then repeat buy and sell. It is better that we put to circulation on what we hold. I think that is better. Most especially the value of Bitcoin is quite high nowadays.