Bitcoin Forum

What do you think about the ups and downs of the currency Bitcoin ?
Whether it's an advantage or a disadvantage?

everything that is being traded with money has ups and downs even a cup of coffee can go up and down like for example if coffee import encounters some troubles and the supply of coffee is decreased in the country!

so it is not really a disadvantage. and if you are a trader then it is actually an opportunity to make profit.
although if you look at bitcoin as a currency then it is not so favorable to have its price swing around so much. but a little volatility (something i hope we see in a couple of years) is ok.

i think its normal for the situations now and if there is no ups and downs, how the market can make movement and how we can make profit? i think its an advantage for us to make profit from the differences of the price and if we can catch the opportunity of this then we can really make a good profit.

With everything going on in India with cash and stuff , I guess It should be safe to say that this is an advantage as the price is increasing for a "reason". As long as the price increases with stability and without manipulations and pump-dump from big whales , It should be considered as an advantage otherwise It's a disadvantage . Experts in trading will still manage to make profit either way .

Ups and Downs  on  bitcoins  price  is  a normal  thing  and also  to all currencies  out there  because there are  people who do trades  and  buy and sell on  bitcoin thats  why its    why  the price  really  move   up and downs. Short   traders   do  make profits  when   the price  tends  to  move down  and sell it  again when the price  rise again.

It can become advantages for all of the bitcoin users while we were talking about the traders, but it was gonna other if we weren't talking about the trade.
Just a short example, The volatility was becoming the primary source of the trader which can make some profit for them. no volatility = no trade.

Ups (pumps) = Good to sell part of your bitcoin to have some cash in hands to buy cheap bitcoin on dumps
Downs (dumps) = Good opportunity to buy cheap bitcoins using all fiat you have or half of fiat.

If you are looking for long term holding, don't look at short term ups and downs just relax with your bitcoin in safe place and keep an eye on bitcoin markets.

The advantage of Ups and Downs (swing) in bitcoin price is opportunity of profit it create for day traders.

This is right. I think traders will find the info mentioned above as advantages, for both ups and downs. I do agree too because I'm also doing it that way sometimes when I'm trading, grabbing the opportunity to buy bitcoin when the price is low and sell when high. However, there's no guaranteed profit because it's risky. Merchants' opinion might be different too imo (just no idea if they like sudden price change).

When you think that Bitcoin as currency then i think it is disadvantage but if you take bitcoin as investment then it is good as your price of purchase going up and when you sell you will yield profit but if you take in trading then it is good as when their is lot of trading then it means that the product is valuable

This is an accurate answer to op's question, this is what I'm thinking too hence you already mentioned I won't repeat it again. Moving prices of bitcoin is not a shocking news as long there are players on the market then it would definitely move. Just as mentioned be prepared on when to sell or when to buy because opportunities might happen on an instant. If you'd like to make profits then you should be attentive on bitcoin price movement.

Yup, you're right all the options are still within our grasp, either for profit or loss that would be acceptable. Depending on how we as a trader responds.

Sell when prices rise and buying when prices fall were the basis for trade and it is a sure thing will do all trader.


Yes, sometimes when the tidal occurred thing to note is that sudden changes in the exchange rate change and if it happens, only losses obtained.

the price of bitcoin is unpredictable and it is normal that the price of bitcoin will rise and dump..
And i think that is why the price is rising it is because of advantage and adoption for bitcoin,, more people who are studying about bitcoin and more investors are come. since bitcoin is demand and supply so more investors will come it can affect the value of bitcoin..

Yes it's really the basic knowledge though when you intend to do trading but it may sound so simple but on actual trading you would re be confused on which price you would intend to buy. We are trading bitcoin price may be volatile or somehow stable that's why those scalper type trader would really wait for the right time to sell or buy.

Yup, for traders see the value of a currency is not enough, we also have to determine the right time to trade.

Everything can go up and down. It is the nature of the markets. Nothing can have a fixed price. (at least for a long time) It will change in time, that's very natural. If it would have had a constant price, what price would you name it? 1$? 100$? 1000$? 1m$? You choose. See? It is meaningless to have a constant price.

Houses, tomatoes, papers, gold, copper, hamburger... Non of them have a fixed price forever.

I don't quite agree with you, no volatility does not equal to no trade, the right thing should be no volatility, no profit and that means the market is stagnant. A stagnant market would hardly attract speculators nor investors attention, because a market like that holds little or no interest for them.

 The up and down movement of price is a natural sequence of things - up and down, short and tall, white and black, man and woman, etc and it all emanates from the forces of demand and supply, whichever that outweighs the other, determines the prevailing market condition. Basic Economics dictates that, when demand exceed supply, prices goes up and goes down, when supply exceed demand.

This ups and downs or pumps and dumps if you prefer it this way are nothing unusual, just a normal part of Bitcoin volatility feature. This is good for arbitrage traders if they are fast and experienced.
Bitcoin has never had fixed price and probably never will. This is part of Bitcoin's charm.  :)

yes that is the nature of the market, the prices some time goes up specially when there is some good news about the market or product is revolving in the market, and some times the price goes down and take some correction after a good ralley.

yeah indeed if you use bitcoin as currency,the volatilty will become the disadvantage,it's also the one factor amongst other which make many website don't want to implement bitcoin until payment gateway like bitpay which exchange the bitcoin directly into fiat exist and then the problem solved

this is incomplete. because going up doesn't mean pump and going down doesn't necessarily mean dump. pump and dump brings a negative meaning with itself and i think it shouldn't be used for every change that happens. these so called swings happen in all the markets for example you can look at the gold price chart and see that. there are a lot of factors that change the supply and demand (mostly demand) which leads to the price change.

In an investors view especialy day trader, high volatily or frequent ups and downs of bitcoin price is an advantage.  Investors want to earn profit in every trade as much as possible so they are into frequent shift in price where they can buy bitcoin in lower price and sells it in higher price.  In contrast, merchants that have established business thinks that ups and downs of bitcoin is somehow risky to them because they might lose a profit or become bankrupt due to the loses they get due to the ups and down of bitcoin price.

It's normal because it's the supply and demand base. The price fluctuation will benefit only the investors and the traders but not the majority, however if you will ask me about the entire economy of bitcoin, it's great actually and it's progressive.

if you could take advantage of the situations down trend or up trend i'm sure you could got profit from that and this situations is common happening on every currency even dollar also have it so it is normally and as basic law trading says that buy when the price down and sell when the price rise up

I am an occasional trader where I am solely waiting for days with high volatility and volumes to trade with.

For me personally it's a great thing as I know how to use the volatility in my advantage. I think 90% of the traders see the regular volatility as a great thing.

However, for people buying themselves some coins for the long term, these fluctuations might be a nightmare as they mostly don't know how to handle themselves at the time panic dumps occur.

If the price goes down like a few bucks, they directly think in the way that they have lost money, while in fact they haven't lost anything. People only lose money when they start selling at a loss. It's that simple.

but i think it is really very difficult job to understand the ups and down trend of the bitcoin, as no one know in advance that when the price of bitcoin is going to up or when then price of bitcoin can fell down so as to sell bitcoin before the downfall started.

Well, like in other real money currency, their rate go down and up. The rate exchange if altcoin is depending on the trade. Also, profit rely on it. If the person for example bought a coin at the highest rate of the chart, then the chart goes down at the lowest point, the tebdency is he/she will panic selling. If that scenario occured, that person take the risk of trading. However, if you are wise enough abd very strategic, you will wait the coin to go at the lowest point, and you will also look for its potential to go up. I also advice, do not listen on trollbox, most of people who lost their money, are those who believe in troll box.

Yeah we are not fortune teller to know that thing in advance but i have my own speculation i just told you few days ago that the price will go down soon
Because it is normal and this is just like the fluctuate from before or last year if you analyze the price before there is something the same or little bit the same..
So this end of november i feel that the price will decrease but not so much crash and i think the price will increase back this december and seen new trends coming and i heard that there is new coming feature will be added soon in bitcoin.. i just read few threads but i forgot the name..

Wider fluctuations can bring higher profit for people who like to risk, for them this is advantage.
For us others probably that is not so important, we spent our coins or trade it for our need, and price has nothing with that.
For holders this is not pretty I guess, they hold for price increase and when its going up its what they wish, otherwise they freak out.
As you see depends of type or your character this can be advantage or not for you, or like me you can just like bitcoin and to not get nervous for this ups and downs.

I agree with you, Why? Because experience necessary to be able to determine the rise or fall a currency value.

that is where you make money in trading. If the price is constant there will be no money in trading. The price will always go up and down, it is your job as a trader to predict when it will happen by reading the news or analyzing the charts.

exactly for this, we should make a good prediction with watching the chart movement, make analysis with this, make decision in how much price we want to buy. its good when we see that there is ups and downs in the price and we can join in the market to buy and sell and take a profit. but be careful for the correction price because its not always shown in front of us.

$BIT just took the ATH trading at 750ish, how high do you guys think this will go?

if you trading use margin trading
whatever bitcoin pirce up or down you can advantage and still profit
if down trend you can margin short(margin selling) so you can still profit

I'm perfectly fine with frequent price swings as it allows me to increase the number of coins that I have. This is my first priority. I just want to see my stash growing and growing. I am so dedicated, that I barely convert any of my profits to fiat.

But then again, I am fairly sure that not everyone thinks in the same way as I think. Especially when it comes to people only looking to use Bitcoin as a currency tool. Everything is fine as long as the price keeps going up, but as soon as the price starts heading down, these people will get a bad taste in their mouth. It's no fun that when you buy exactly $100 worth of coins to purchase something, that one hour later the value drops to $95. It means they have to add an extra $5 bucks just to buy what they intented to buy.

that's actually true, even if you have such a good anaylzation that make you confident enough to make a decision and predicting what's going on with the price afterwards, there's still a chance for you to make a wrong prediction,it's all depend on luckyness i guess

ups and downs is the thing that the traders looking for, that is where traders earn profit and it is the time for professional trader to predict the bitcoin price to earn more profit, up and downs is good for daily trading, the one that trader afraid of is the price won't go up after it's going down like most of alt coin case

It is an advantage if you know the could predict the right movement of it. Disadvantage for those who are just slacking and just waiting for just the upward movement of bitcoin. When it is down they get sad which is good for traders.

The big advantage of the bitcoin price is when you are trading bitcoin into usd with short term of trading you can really make some profit im trading my bitcoin or selling my bitcoin into exchange website and then going to buy bitcoin again if the price drop into 4 to 6 dollars and wait for the bitcoin price hit the 10 to 20$ bump or more.

The ups and down of the currency of bitcoin is likely normal that
happens in trading such currency. Their is always a fluctuation
that happen when we trade. Like in the stock market, so this
is normal, and traders are earnings of ups and downs things.

For bigger institutions like banks, organizations, companies and other such types, this is a disadvantage because they would definitely not like it as a currency, but for investors, these ups and downs are a lot advantageous based on their high returns which attract them.

Why would banks and all related institutions make use of something as Bitcoin while they can use their so loved fiat in ultimate silence? Doesn't really make sense. Other than that, the volatility is the main reason of why traders like Bitcoin so much. Smart traders can make themselves a great profit on a yearly basis with relatively low effort as these price swings are more or less predictable to a certain extent.

It is all part of trading. That is why you should always read news about the commodity you are trading so you can anticipate if the movement will shift. Technical analysis is one thing, being aware is another.

True, knowledge is power and that's your only way to be successful in trading. Look at those successful traders, they do not need to work anymore because they have the skills to make big money by making the right prediction. It's the basic that every trader should understand.

not only news,sometimes news is just lately posted by the news website. always watching the announcement section of the coin would be the wise choice and decision. you will get updated information than on the news website and by having this you can prevent from any loss faster

No disadvantages here, only profit chances. A good thing about bitcoin is the price going up and down all day long.
Traders can make more profit along the day, just buying and selling btcs. Good method to earn more and more with this currency. And in the end of the day we don't need to worry, because we know the btc price never will go down a lot, we have the sure this coin won't die.

You're right, maybe only a few people who would accept the loss of this rare occurrence. But, although the possibility of losing is very small, we still must be careful in trade.

Losing on trading possibility is not actually small because if you dont have enough knowledge on trading it for sure you will lose some of your money specially we are now on increasing price state.If you buy on a low price then the price shoots up then you will surely wait for long time if bitcoins price will go drop again. Trading really needs knowledge on when you will buy and sell and it really needs some analysis.

That the good one about bitcoin that the price goes ups and down because we can get profit on it. Advantage to those who has many bitcoin because they get a big profit once bitcoin goes up.

Ups and downs are most common for the any tradable commodity but for a high potential commodity people are usually keep on buying as it will always is heading up direction, same thing is happening with bitcoin and people are keep on buying and holding by eyeing huge price levels in upcoming days.

Unlike Forex trading, only very few exchanges are having the facility of short trading, so making use of downs is not bidirectional for bitcoin traders.

it depends on how you use it and how big are those ups and downs.
if you are a trader and doing it for short term and everyday then you would love it no matter which way the price is going because it is all chances for making more profit.

but if you are a long term trader then you would prefer only upward movement in long term and don't care about ups and downs of short term.

and if you are a user, wanting to use bitcoin as currency then it can be a bit nerve wrecking if you want to spend it with a volatile price specially if the price changes a lot.

Ups and down is the nature of bitcoin, you can see that some time the price of bitcoin increase while other time it fell down to some limit in recent days we can see that the price of bitcoin raise to 750USD while after some time it come down aging to 730 USD actually it depends on demand of the people when demand increase price also increase.

This is correct because if bitcoins demand will rise then for sure the price will surely rises too and on those times when bitcoins price decrease those means someone or traders or bitcoin holders does decide to sell of their coins just to earn profits when they saw the price is already enough to sell off they will surely do that ,therefore decreasing and increasing is always normal on bitcoins environment because of the exchanges of  sellers and buyers.

that is correct but changes that are small, as small as $20 in your example are not really changes that you can call Ups and Downs! because these are the normal change in any other thing that is being traded like Gold, Stocks,...

when changes grow bigger then you have to start analyzing it by looking at supply and demand, and i don't think OP is talking about this.

Oil, copper and other investments do have this. It is part of the circulation of one currency or commodity. Without it, no one can tell if it is still valuable or not. You cant see one thing now that is valuable and free. Right?  ;D

Its a normal trend of trading graph and is a reality that you will be facing when you are a trader, you will be experiencing ups and downs on your trading progress. You must always be aware of every possible outcome that may happen on your graph monitoring as it is very important to be updated of the latest trading graph trend for you to have technical analysis in order for your next trading progress.

The ups and downs can be an advantage to traders because it allows for more trades. It could be a disadvantage for people using bitcoins for purchases since the value is unpredictable.

i agree with you and we can make buy order and order sell to make profit because it was the traders looking for, including me  ;D and i really like if there is a fast movement from the market which is up and downs, so i can make buy and sell over and over and its a good profit for me. but its only in some case and can not happen for daily.

Price is not *that* unpredictable when there are no major market events to influence it. Small fluctuation is the name of the game here.
I don't expect that Bitcoin will reach price stability any time soon, so bitcoin holders who are using it for shopping should either be fine with this or don't spend BTC at all.

The price fluctuations is one reason we have not seen a mass bitcoin adoption.
Most people see bitcoin as a currency not really for trading purposes, so why buy something whose value is not fixed for one week straight?

Ups and down are the nature of the market, but I think trading is not unpredictable job as there are so many experienced trader who are predict about the nature of the market in advance and most of the time their prediction proves as correct.

I think for becoming a good predictor you need to study much about the market for a long time and then you can be able to give a good prediction.

that's why there is no instant way to learn about trading because experience and knowledge really require but if people already have it doesn't mean that also will guarantee making money on trading even traders expert has been experience to huge loss and actually not so easy to get steady profit from trading

I agree!  Experienced traders need also to learn new things on tradings everyday,  since experience in trade is no totally can help them always in tradings and much better for all to keep monitor since knowledge is better than experience i think,  but totally the big earners on trades are those whales since they can manipulate thats why we need to be more wiser to earn and not to be defaulted.

It's really normal the ups and down of the bitcoin currency price there are more than 2000 traders who are trading  bitcoin into usd and this is the reason why the bitcoin price is not stable so that they can make profit if you stocked or just hold your bitcoin you can make profit too.

It depends on the person, if the user is selling things then it will disadvantage because he cant predict whether he will earn profit or not, but for traders it is an opportunity, with little prediction they will know when to buy and when to sell, for sure experience traders is going to earn money from this

And until the end, the experience of a trader is the main thing to gain from trade. When you suffered a loss or gain you get experience, until finally, experience is the best teacher in life. ;D

Moreover the real beauty of trading is based on ups and downs of price levels.
Without price fluctuations, there will not be any chances of trading. Every trader must be loving ups and downs and practically it will not be possible to have always only one of these two like only ups alone will not be possible for the any commodity.

That's right, that's right we choose to trade cryptos because it moves faster compared to legal currencies. We are here for one purpose,  to make money and we believe that there's a lot of opportunity here in crypto and not only trading but also investment as well.

the fluctuations are every trader's dream. and as long they are not pump and dumps like what we keep seeing in altcoin markets, all the traders are happy and make money from the changes. but there is also another side to all these changes. since bitcoin is not just an investment, the other part of it meaning bitcoin as a currency will have a hard time if price fluctuates a lot and each time in big increments because nobody would feel safe using it as a currency that way.

Indeed, fluctuation is traders best friend.  Without it there is no way trader can earn a profit from trades.  And regarding with pumps and dumps, traders are happy if this thing happened.  This is a phenomenon where holders of a coin is waiting. Because a pump is once in a lifetime chance for coin holder to profit more than the usual percentage.

That's right, rather than the country's currency,bu virtual currency such as Bitcoin (cryptocoin) more profitable and faster moving than the currency of the country and in addition there are other options such as investments, own investment brings profit not the least.

Knowledge will be the first thing when you try to engage on trading and experience will be the next and so on. Until this two thing emerge the chance of gaining money is high when you do trades but as we all know that even experience and professional traders do really experience loss and which is normal but the difference is  the winning trades is more than losing trades which is actually a good career.