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Title: Bitcoinised- bitcoin´s-resurgence may not be short lived Post by: krach on June 06, 2016, 11:01:44 AM http://explainbitcoin.com/bitcoinised-bitcoins-resurgence-may-not-be-short-lived/ (http://explainbitcoin.com/bitcoinised-bitcoins-resurgence-may-not-be-short-lived/)
The Bitcoin price continues to make new highs after four days of ranging between 519$ and 548$ at Bitfinex. The volatillity is back in bitcoin. Ten and twenty dollar price swings are not something bitcoin has had in awhile, not to mention these massive one-day moves. In 2015, people got excited over a ten dollar move. Even with the news of Bitfinex being fined by the CFTC was not enough to start a sell-off. In the past, any type of negative news about exchanges was enough to start some selling. Even with the continual claims that bitcoin needs bigger blocks now or people will move to altcoins is not deterring the price from making new highs. Everyone wants to know “why is the price going up?” Title: Re: Bitcoinised- bitcoin´s-resurgence may not be short lived Post by: Divinespark on June 06, 2016, 11:29:37 AM There will be significant volatility but I fully expect BTC to breach $1k before the end of this year
Title: Re: Bitcoinised- bitcoin´s-resurgence may not be short lived Post by: shinratensei_ on June 06, 2016, 11:54:42 AM There will be significant volatility but I fully expect BTC to breach $1k before the end of this year Maybe, But it's very difficult for bitcoin price to reach $1k. Even a decline price from $580 to $548, I sure if bitcoin it's high for now but it's not stable sometimes is the rise or down.Title: Re: Bitcoinised- bitcoin´s-resurgence may not be short lived Post by: Bitcoinpro on June 06, 2016, 12:43:21 PM Its not volatile if its an upward trend
Title: Re: Bitcoinised- bitcoin´s-resurgence may not be short lived Post by: kik1977 on June 06, 2016, 12:45:05 PM Its not volatile if its an upward trend Volatility applies both ways. What do you mean exactly? Title: Re: Bitcoinised- bitcoin´s-resurgence may not be short lived Post by: Bitcoinpro on June 06, 2016, 12:55:43 PM Its not volatile if its an upward trend Volatility applies both ways. What do you mean exactly? Finacial volitily refers to profits their is nothing volatile about good profits with a steady upward trend their is no profit risk atm so it is not classed as a finacially volatile product Title: Re: Bitcoinised- bitcoin´s-resurgence may not be short lived Post by: daniobg on June 06, 2016, 01:00:47 PM There will be significant volatility but I fully expect BTC to breach $1k before the end of this year You are very brave to expect that - what makes you think that after the halving there wont be a massive dump and then we will stay in the 500$-600$ range? Imagine if we ever get near to 1000$ the people who bough back in 2013 will for sure start selling if they didn't already, but i'm sure many of them are waiting just for that range to empty their bags... I just saw an article that when the halving happens many miners will quit the business and that on itself will bring the price down big time... Title: Re: Bitcoinised- bitcoin´s-resurgence may not be short lived Post by: kik1977 on June 06, 2016, 01:03:10 PM Its not volatile if its an upward trend Volatility applies both ways. What do you mean exactly? "Volatility" is the degree of variation of a trading price series over time. It doesn't matter if the variation is an increase or decrease in prices, both are "volatility". You can appreciate a volatility that brings the price up, but it doesn't change the fact that it's still the same thing. |