Bitcoin Forum

Nowadays bitcoin has high price and it also affect to transaction fee, is this will make bitcoin price drop in the future? Can you predict when bitcoin price will saturated?

I think no one can predict bitcoin's status and even me who has been accepting many obstacles throughout the years with bitcoin. Since I bet my time with this, I also feel like I'm working in this cryptocurrency world. I dedicate my life now because I didn't expect to trust this much of this. I got to know more of this daily from my sibling and it's worthwhile. I accepted the fact that there are several times to drop the value and of course, it's part of the job but then again I didn't stop because I need to fulfill my goals for this year. I have so many problems specially in financial. That's why I have to be wise and be ready at all times because at the end of the day it's only me who stands still to fight for the earning of bitcoin.

actually nowadays bitcoin price has a very low price because it is still not 5 or 6 digit number yet. it is a pathetically small price of $4500. and since price is very low, it will only rise until the day it reaches that high price and stops there and would have little fluctuations only.

and that is not what affecting bitcoin fees, a lot of other things are. and most of the times you can send a transaction with a low fee and get it confirmed fast enough, granted there were no spam attack.

Comparing the current value of Bitcoin back to the time when it was just maybe around $100, we can say and even see that Bitcoin has risen dramatically and that the price is now "high" but if you compare the current price with so many projections and predictions that it can be worth $100K years from now then it is still very cheap.

In other words, it is all about perspective and mindset. I understand, of course, that it is not really easy to produce the money we can use to buy Bitcoin so we have to work hard and save so that we can have some money to "invest" with Bitcoin.

And once we have Bitcoin, make sure to HODL onto it like it is your life because the value is definitely rising...never be afraid of some corrections or retreats of value as those are just temporary.

I think the transaction fees not so affect the bitcoin price will go down. Indeed seems the higher bitcoin price increases, looks high for its transaction fees too, and it's not makes the bitcoin price down instead of that i guess there are many other influences. And i don't think the bitcoin price will fall too much in the future, it will not reach down to $2000 or below it. So in my opinion for bitcoin prices to reach saturated it's small possibility.

I don't believe in predictions and I think that anything about bitcoin couldn't actually be predicted. Everything could be based on some forcasts and analysis but what will happen and how the price will be pumped or dumped you can't tell, especialy not when. To monitor the market is good but to be worried all the time about the predictions it isn't.

It's indeed hard to predict the market especially we dont have yet apparatus that can sort things out in different countries. There some news that only arises when it's already there. We can only identify what may happen next depending on the current news on cryto market.

By saturated i'm assuming you mean something like a bubble. If that is what you mean that bitcoin is already in a bubble. Like you said, the more the bitcoin price rises the more transactions are going to cost. The median and average tx fees are around $5 right now.

In fact, i would argue that anything above $2k is overpriced for bitcoin currently. Long term, bitcoin has plenty of opportunities to gain in value. But this price pump seems to be a short term phenomenon for me at least, that will end in a chain of dumps sooner or later.

I'm not saying that bitcoin will 100% go down in the next month, timing for dumps in a bubble is very hard to tell. In fact it even may go up further right now, as the bubble continues to grow. But i'm just saying, make sure you do your research and diversify. Don't have everything in btc.

Well it's really hard to predict the sudden drops of bitcoin and for now as I had observed, price increase progressively and I am much confident that it will rise up further. Having enough researched is not an assurance in most cases, but the most important ways to do is patience and self trust in order to surpass the challenging decisions on your holdings to be successful in the future profit gains.

If I tell you tomorrow, will you believe? No one really knows when it will happen. Each of us uses only its own considerations. And I recommend you to only rely on their own strength. The more that you have no other choice.

Bitcoin's price is totally irrelevant to its fees, you are allowed to send transactions with as low as 1000 satoshi total fee. The problem is, Bitcoin is very popular, so it had hit its limit of number of transactions it can process per block, so people are paying higher prices to get their transactions confirmed faster. If Bitcoin's price was $1,000 or $500, the problem with fees would be the same. And this is not a problem of Bitcoin, all other cryptocurrencies have the same design, and they would too have expensive fees if people started using them more.

i don't think so because every time, there is many transaction we can see in blockchain and every second transaction is made and confirmed. i don't know if someday bitcoin price will drop or not but i think if the price is drop then i think it is normal because the price will recover. we can only see the price is drop in the exchange and usually it is because of panic buying or panic selling.

Saturated means that in other words, the current Bitcoin price is actually too high compared to the actual price that can be accepted by the user. If the Bitcoin price rises to a level that is no longer reasonable or affordable for the user, then it is a sign of a final price increase and we need to be prepared to go down. Although the price of Bitcoin drops because it buys saturation or may be supported otherwise, it will not last forever. Because bitcoin prices can continue to rise, until the saturated price level of buying continues to increase.

It is practically impossible to predict bitcoin but one must learn front it's previous movement of it's history to have intelligent guess

It will become saturated when the demand starts declining. For some reason there are many people looking for buying Bitcoins now, I'm not sure why, maybe segwit upgrade? In my opinion the price is increasing too much and too fast, it's not normal... So expect a drop any moment soon. How farther it wil go it's hard to say, last time we have seen drop by $1900, that was a lot. Could it happen again on the same proportion?

You are not sure why? It is because Bitcoin is on every damn news channel around. The media has gone to town about the crazy returns in Bitcoin and a lot of people have become interested.

Seems the media interest on this is just a consequence of Bitcoin price and not the opposite.
If the price wasn't so high and increasing fast the media wouldn't be talking about it a lot.

Maybe bitcoin will experience saturation point in range $6K and approaching end this year then continue spike again. Popularity from various strong aspects pushed bitcoin up. Different from the crash that happened before , because this is effect of very high bitcoin demand.

From last week onwards bitcoin price started increasing to big value and seems settled around 4900$ but unfortunately the value again starts dip and today bitcoin price is around 4600$ only. I do wish to see the bitcoin price around 6k end of the year get the I gonna sell it out at that time.

You can predict these stuffs bitcoin is not a stock normally when a company get's a bad reputation or company products have termed not suited for public the price falls in case of bitcoin there is no challenge to it doesn't have any product it is just a share and nothing else the price to get saturated should have a reason but i don't see any with bitcoin

Precisely. This is the first indication to me that bitcoin is saturated.

Even though it corrected from $5000 i think that the price is still artificially high. Media covered bitcoin because of the price went up, and this sort of sends a positive feedback loop. This cannot continue forever as there is only a finite amount of money in trader's pockets that can be used to buy btc.

I think that we'll still see some further adjustments from the current price level. Don't forget that a month ago we were at $2700, and that was very high already.

I guess it already kind of is. When the price nearly doubles in a month this thing isn't going to be sustainable for very long. Market has actually been pretty saturated ever since the start of August.

Right now we are in a pretty big bubble. The crash yesterday is just the beginning, i think that we still have some fuel left in the tank for another pump which will essentially inflate the bubble even more and perhaps tip it over the edge.

It'll be pretty scary when the whole page on coinmarketcap turns red... So be mindful when you invest.

i do not think that the price is artificially high, to me i think that the price of bitcoin has the potential to increasing and the increase in the price of bitcoin  is only because of the increasing demand of bitcoin. i am sure that bitcoin demand will continue increasing because the interest of the people in bitcoin is increasing from time to time and therefore the price of bitcoin will also continue increasing.

Trap price of real price depend your thought about this market, anytime this definition can changes easy and you will surprise if do not ready. I strongly recommend you should prepare some strategy for worst situation of crypto world, not only Bitcoin.