Bitcoin Forum

Fasten your seatbelts: Bitcoin volatility in for a wild ride
Stardate July 20. 2017

Day traders are salivating as Bitcoin spirals into insane volatility driven by Segwit speculation and tectonic changes in the virtual currency marketplace.

Private client brokers are sprouting like mushrooms. Many existing services like BTCBOX are creating large client services, hinting that Bitcoin is going bigtime. Meanwhile, as the thieving latte fatboy pled innocent as his futile criminal trial opened in Tokyo, Japanese retailers and all major Japanese exchanges are planning to suspend services during the August 1 signalling milestone. John McAfee, the well known security researcher has promised to eat his own dick if Bitcoin does not go above $500,000. I guess we know what his recent investments have been. In an effort to save McAfee's dick, Richard Branson announced "I think Bitcoin is working" in an interview. Insiders are predicting the August 1 doomsday will be a non-event, while naysayers are having a field day with $100 million in losses to Ethereum holders due to client protocol bugs. Meanwhile, anybody with any money left in Venezuela is feverishly trying to figure out what a "wallet" is before their last Bolivar is gone. I guess that's what they get for accepting money named after a Communist revolutionary. Meanwhile, in the land of nabobs, where currency manipulation is a blood sport, the government has unexpectedly announced that their crazy speeches about making Bitcoin illegal were premature, so they will "regulate" it after all. Good luck with that, BJP. Meanwhile, in Switzerland, Falcon, a private bank, became the first to be government approved to manage bitcoin assets, thereby potentially opening the door to billions in parity between the legendary alpine gold Franc and the NEW KID ON THE BLOCK--all carefully monitored by the gnomes of Zurich, of course. Meanwhile, in South Korea, ATMs now allow withdrawals in cash out of Bitcoin accounts. Meanwhile, in the cradle of Bitcoin a "magistrate judge", whatever the hell that is, scolded the IRS for trying to seize the records of every account in Coinbase, and gas stations in Miami now allow you to buy bitcoins at special automated kiosks. You just put your raw cocaine in a cup in the machine and it gives back a receipt with the public and private key of a newly-created bitcoin address. Meanwhile, US retailers are experiencing shortages of high-end graphics cards. Trying to buy a Nvidia Tesla? No can do. Distributors are saying only that there are "production hiccups", but the word on the street is that--you guessed it--the AntPool guys are buying them up.

The next 30 days are going to be crazy, fasten your seat belts.

I think you are right but I do not think we are going to see anything as wild bitcoin price has gone up today with the news that BIP 91 has locked in, this has created optimism in the market since that means bitcoin is going to activate segwit imminently so I think the most important part already happened those that bough bitcoin at lower prices are going to earn a lot.

Crypto is always exciting. I'm long Bitcoin in the medium-long term, not sure about the short term. Regarding volatility, I actually I think it'll go up gradually and not crazily

its start now and i am agree with OP said and we must prepare right now. its better if we can save fiat and btc in the same time so if we are seeing the price go down too far, we can buy with lower price and if btc is increase, we can sell our btc to be fiat. for people which buy at the lower price yesterday can make a big profit if btc price is still increase more than now and maybe they will buy again if there is any decrease of the price. but i wonder, how much bitcoin price will increase? this is my big question until now.

After two years of arguing, the question was finally decided Segwit
Market volatility is also a normal reaction
Speculators should make a decision before August 1

The time has come for bitcoin to be flying high with colors. This is indeed a wild ride. Bitcoin is already hitting $2800. And to think it has been dipping very low in the past few days. This is happening due to the agreement even if the segwit2x is not yet happening. There is still time left for buyers. When the implementation comes, the price will likely go berserk. Bitcoin is unstoppable.

The segwit has been locked. Next is to activate. This will be another FUDrama.

i actually don't think so.  FUDDing chapter is over.  Market will now decide things.

Been watching the rise of BTC also. And I can say, there are moments that are heart-stopping ones.
Everyone is excited for what will happen come this Aug 1. The whales are rejoicing on the other hand.  ;D
For those who are large BTC holders, I believe they don't have a good night sleep nowadays until this wild ride subsides.

Drama is over. BIP91 has officially locked in. This is a good news for bitcoin ecosystem which drove this spike last 24 hours. Casual investors and big whalers you are a bit nervous in the last few weeks will probably have a good night sleep seeing this news. But I will still be cautious because the price is really unpredictable although the price has increased 14% and its above $2600. We need to watch how the market goes. However, I'm pretty optimistic about it, just hold on your bitcoin, it you have some extra cash at hand you should buy more. I'm speculating that we can touch the magical $3000 very soon. IMHO.

On an aside, the Bolivar is named after Simon Bolivar, and he was NOT a communist, just a revolutionary.  He was born 35 years before Karl Marx therefore it is erroneous to call him a communist when the manifesto hadn't even written yet.

Back on topic, great post otherwise and I agree completely, this will be one wild ride.

as a trader,i just wishing the best for bitcoin price,and yeh lets safe mcafee's dick :D everyone exciting bout next first August and wishing the best for their bitcoin,going wild or not in next month,bitcoin price already have good movement this day,its time to buy more bitcoin and hold until next month??

Yes it is going to be a wild ride, recently the price is really out of control and the future of bitcoin still unsure, there are so many speculations and unsure things, hopefully everything turns out well, but still need to be careful in this few weeks, the price can go wild again and I am afraid to do any trading in this few weeks

if you'd told someone in 2015 that bitcoin would gain nearly 1000 dollars in 24-48 hours they would've had you locked up. it's still pretty hard to process.

I think that the upcoming hard fork scenario coming up in November is going to be an absolute shit show, and I think the whale troll traders will be coming out in force to spam major FUD and slam the price all over the place.

Remember how it was during the whole BU fork scare fiasco? Remember what happened in the market during that time?

Yeah, it'll be like that but worse.

I think we will see some correction just after segwit activation and we might have to wait for few more weeks to see any significant pump on price but bottom for that pump will be $3k for sure.

I am waiting right now to sell my altcoins to hold only bitcoin for next few months so that I can ride on wild pump bitcoin might have soon.

August was a very wild time. In early August we must be able to accept everything that happens. So seeing the bitcoin movement will always be a benefit, because at that time bitcoin prices may have to be monitored. For me profit is a top priority, so I have to really see the bitcoin price movement very well.

Find the ways earning extra profit is good, but I think management your funds and how to keep safe 100% profit earned important than earning small profit and take more loss. In next time, we are know Bitcoin can split network blockchain if HardFork happening, and when this, and when it happens, Bitcoin market will very panic and not safe

All aboard! Moontrain is leaving station, the way to the moon is through mountain terrain, resembling a roller-coaster. :D

I am expecting a correction well before the end of July itself. Because still there could be more number of bitcoiners who want to stay safer before the activation of segwit and even after segwit activation we can expect some people will be leaving with the reason of profit booking.

Does not sound to me as a good plan because both bitcoin and altcoins were riding simultaneously in recent times and we can expect same thing to happen even after activation of segwit.

crypto trading is always exciting and full of adrenaline,like a race.
everything is possible and everybody can become the champion,
the different between race and crypto is there will be no lose if you keep holding
because it won't let you down and always be back everywhere it goes.
from current prices everybody expecting correction,right ?
yeah,even if it's absolutly determined which side will be win,everybody will see correction because they want to maximize their profit.
but free worries,even if you buy at top right now,in a year or so you can sell it in there too or even more than that.

don't let your emotion take control even if you see Bitcoin prices goes down under 2000$ again,keep holding and stay strong

It has been like this for what, at least the majority during the last 4 years. At this point, you should already know how to take advantage of the movements.

I don't think bitcoin is in for a wild ride because it had been progressing every year so it's not really a new thing especially for those who have been in this crypto trading for a long time. But I do am enjoying what has been happening because in the end all coins will eventually rise after August 1.

There will be a even more radical FUDrama in November. Bitcoin will rise to 10k til there and then will bounce to 1k, all in a single week. Then it will close the year at 5k.

my bitcoin sensie said that the drama is over and be ready for the bitcoin rush, all aboard and get ready to hit the new peak of bitcoin. i think bitcoin will hit the $500,000  per bitcoin. btc always excites me!

While I agree with the fud part, I seriously can't see the price go up that far with the hard fork incoming (albeit after around 3 months). I personally expect the price to go through the $3000 level tomorrow, or finally, coming Monday. After that we'll face a period of very wide fluctuations, where we at some point might even touch the $4000 level, but ultimately, I don't expect the price to touch or go over the $5000 level.

If Bitcoin do that, not trader on market still can trading in this time, because with a big market as Bitcoin have huge marketcap (although if compare other market still small), why easy control the price it just by some people want that?

I must say that while in some cases it might look like an easy task taking full advantage of the volatility, but that's only if you look back after the market calmed down.

Things get a whole lot more serious when you have to put everything in action ~ people simply can't keep their head cool at the time the market moves into a different direction.

In my case I always stick to my positions, even if I have to wait weeks, or months for them to settle, but a lot people here don't have that patience and dedication.

Nope, the next FUD will come from the hard fork planned by the miners as part of the New York agreement, we do not know if they are going to actually try to perform such a fork but prepare yourself to hear about it for the next weeks or months.

OP, you talk like the high volatility is a good thing. It is not good if you think about the merchants that accept Bitcoin. There is also the chance that it could go down below $2000 again. High volatility goes both ways.

Yeah if I was a Merchant taking bitcoin from my customers I need to make hedge my fund received from a customer. OR the price should not move, bitcoin volatility kills the merchants. Some experts expect bitcoin volatility to decrease by years.

You really do not hedge anything,there are better ways to do that,in Japan they are using bitflyer as a point of sale payment infrastructure,find out a good gateway which could convert your bitcoins into fiat immediately upon payment from the customers and then you are good to go,things are not that complicated like you think  ;) but the volatility of bitcoin still continues and i am expecting a wild ride in the coming months.

Correct, bitcoin goes up and then it stays there for a time and then a drop in price happens, anyone that has been long enough should learn to recognize that pattern, you can make some good money by just waiting for the those big movements and buying and selling at the right time.

In cryptocurrency, one of the best strategies is just holding and waiting for the value to rise. There will always be a great volatility from time to time so we need to envision a long-term mindset. Of course, I am talking here about Bitcoin and not just any other altcoin though there are also many bright stars in the thousands of altcoins we have around as many of them are really representing real value and good technology behind.

Right now, we have some turbulence in the Bitcoin ecosystem because of the coming scaling deadline in August 1. When the whole mess is smoothed and the dusts settled, I am expecting a more vibrant and impulsive Bitcoin which many holders would be so happy with.

Important in that time you need have funds to buying Bitcoin. How to do that? Need take profit before the price of Bitcoin crashing. This is reason always have topic warning holder Bitcoin when reach $2900 in past week.

Yes,as expected,bitcoin price has started to recover after weak hands finished all of their sellings to big whales at cheap price.All the FUD has got settled and now bitcoin's price is around $2557 today.But it could grow further high after august 1 after which bitcoin price is expected to skyrocket.

The easiest way to have cash in those moments when the price of bitcoin goes down is to just get a job and save as much as you can and then use it when that happens, another thing you can do is to select a small portion of your bitcoin for this, you sell when the price is high and when it goes down a lot you use that money to buy even more bitcoin.