Bitcoin Forum

I know that everyone gets excited when the price is increasing but you should probably think about this twice, those who don't have bitcoin yet, should probably wait a little bit more before buying, just to see how things will go in the upcoming hours/days and as for those who already have bitcoin, If you're hodler and you actually can afford to lose whatever you have then just continue to hodl otherwise, you may think about selling. In the meantime, I suggest reading the post by theymos  (https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/)on Reddit, very useful.

This is the same feeling I have. This huge increase has a bad vibe in my gut. I will hold and if it plunges buy more.

yes you are correct now the rise of bitcoin is out of control and it becomes the top currencies in te world today

I do not believe that the price of bitcoin can go out of control. There are people who have a lot of coins. They can't release control over the pricing of their hands. As a result, they can lose a lot of money. It seems to me that they turned the pump on purpose. Perhaps speculators are afraid of futures and preparing to leave the market of bitcoin.

Don't you mean this post:
https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/
The one you linked has no posts of Theymos

Yeah the market is a mess and it might end ugly I don't agree with one thing you said:
This implies the price will go to zero and I really can't see this happening. A 50% drop, even a 75% I can see it as a possibility but erasing eveey single gain and falling below 2016 levels...NO.
I know I shouldn't us this word, but I think it's impossible.

As for panic buying...this thing always ends up bad. And the time frame for recovery only gets longer (6 months in 2013) and then 3 years/

Bitcoin is unstoppable right now. 😄

Well, your post is another good reminder about the golden rule of BTC investing -- Never buy at the top.
The general ideology of hodl is  about long term hodlin and I'm sure that BTC will be even bigger in a year (or more) so  long term hodlers won't realy lose their money. Anyway selling now and then buying at bigger price will still increase your btc amount.

In my humble opinion it is under control, the question is - by whom control? Chinese maybe..

losing control over bitcoin users
so the recruits sometimes play with us
be we wais because the bitcoin you say might decrease or decrease the value of bitcoin
It's better to convert money into how much you can save your money

Yesterday's daily candle record high (an increase per day 2 500$) + futures + forks. Will soon go for a correction do not worry.

i think we will see 20k in the weekend.. but it rises TOOOOO fast! This isnt healthy

This ia what im thinking too maybe the price of bitcoin is good for those who have bitcoin because they onlu hold it and wiit for the time that the bitcoin rise again. Bit if it is out of control it have disadvantage too. Maybe one time the price of bitcoin will overpriced but tomorrow it can deatroyed. And for those who doesn:t have bitcoin uet the bitcoin investing is difficult for them

Price bitcoin this moment is already not controlled. We've seen price movements that are beyond prediction. This is impossible and I think this is a dream. But in fact we are all in this condition and this is a reality. We need to respond positively and make the most of the momentum. I think you should take some action, sell it and then the rest you hold it. It is the easiest and best choice available today.

While we wait, bitcoin continues to grow. Everyone wants to enter during the correction, but they have already lost a lot of profit

me too, it is not healthy, but yes we are talking about crypto and the rules are supposed to be different.
interesting read on reddit,
some are saying the price is going to soar in the next 5 years, it is hard to know.
The positive thing is that there is potentially only 21,000,000,
the negative thing is that the new traders dont care about crypto, or the technology but pure profit at any cost (i am being general, this is my gut feeling)

This is unbelievable whatever happening, i have a feeling it will hit 20k then fall. damn!

We gonna fight whatever it takes.

definite correction is in order....   wait for 11k and buy back`. 

i think it's out of control, too. people are anticipating a $20k price so there's panic buying - many from first-time bitcoin buyers. clearly, they're eyeing a quick profit so many are buying now so they won't get left out on the gains  ???

Yeah it creates a feel that bitcoin price is going to crash but don't know may or may not be cash but it made me feels like crashing will occur in few days but I am just holding bitcoins as a long time investment so I will not worry if the price falls also,I know bitcoin having the potential to recover if the price falls.

Bitcoin is decentralized one,so no one can control the price of bitcoin.The price of bitcoin is 16,153$,it crossed the 16.1k$.It just an miracle to see this price.Many holders had a very good news and will get their christmas gift for the bitcoin.No one will allow to bitcoin to end,many had inverse their money in bitcoin.

Exactly , I can't understand what is happening. Earlier there were predictions that Bitcoin will reach 10k by march 2018 , but it crossed 10k much sooner . Then came predictions of Bitcoin reaching 15k by December 2018 . But I Crossed 15k this year itself. I feel Bitcoin is going to fall very badly because so much growth in such a short time is not good.

These people that are investing only to get rich and don’t care about bitcoin won’t hesitate to sell off quickly if things head south. Thats when the bubble bursts.

Many people only guess the bitcoin will be high at 11k and now you are surprised that its value reaches a record level of 15k. Its price is quite unexpected and out of control

Totally agree. I share this opinion and am also spreading my views on this eversince we reached about $10,000. I think this constant increase is not organic and therefore its not healthy, this can hurt the whole space and many smaller investors that got in "late" or at ~$10,000 could loose tremendous amounts of their initial investment in no time if big players start to cash out or something else like government interference or some other bad news come around the corner. I would be happy to see bitcoin rather climbing slowly than doing another $1000 every day or two.

It is going up too fast. I mean, what the fuck? 16,700$? Yesterday it was how much, $12K? 13K?
I think we can all agree that bitcoin is in a bubble.
Probably those people are buying it back - at higher price. After panic buying always come panic selling. This can't be good at all.

I tried reading the post to have a feel of what is being expressed there but it seems one needs to register as what I could access are the just the comments. At this time, anyone who has the interest of bitcoin at heart and whose motive is beyond the profit and the ever increasing price needs to be more cautious at this time and like you have said, for those who probably wants to come in, now its not the best time and for those who are holding, be sure you know what you are doing because only you will bear the brunt of any outcome.

The price of Bitcoin is on the moon now. It is not stoppable. It will be rising continuously. I also think that it is out of control. It is not good for a coin. Anything can be happened any time.

Never buy on the high, repeated over and over again, like a mantra....  but then I looked at the date and wait, wasn't it predicted to hit 10k before years end?

CMC is about to hit 17k, probably in the next hour, and honestly no sign of slowing down.  So, right now, we just don't know what the high is to not be buying at, lol.  It's scaring the poop outta me, it needs to stabilize, a little correction and then takeoff again.  That is personally behaviour I would be more comfortable with.

Still happy though, cause even as a later crypto starter I have now made a profit, but, sheesh, kind of freaked out.

which obviously happened bitcoin has increased tremendously today.
whether this is bad or not, but I am personally very happy with this change.

The price of btc has already going out of control and btc is becoming more and more popular currency in the world with the highest value.

Thank you for sharing the post by theymos on Reddit, that would be very helpful, especially for those who are planning to invest this time. While others are celebrating and expecting more, like you I'm thinking that the price is out of control this time. If the price could go as high as it is now in a short while, it could suddenly drop as well. What's unsure is how low it could be.

What is the reason why bitcoin grow so fast?

it really surprises me that only a matter of weeks the bitcoin price soared, it also makes my heart upset because I do not have bitcoin. if I used to buy bitcoin when the price is still cheap maybe now that I feel very happy.
at the moment I can only wait for the bitcoin price to go down and buy it immediately, even though the price of the tour is a bit yes I will buy it because I believe the bitcoin price in 2018 will soar higher.

I'm worried about the "ULTRA" price increaseof bitcoin , I think it's unhealthy and price can easily dumped by whales.  :o And i'm worried too about the fees it's too high now. :o

Thanks for the reddit share. Yes I'm also aware that the price increase lately is very amazing and its madness to say the least. Everyone is blinded but its better to be cautious than be disappointed later. I have invested, but I'm not buying because its really too high, will just continue to hold or much better to sell just a portion and then see how everything goes specially with the financial institutions coming into the picture.

bitcoin cant be contolled but it can still be maipulated by whales or the people who had much power to buy or sell boat loads of it and this thus totally affect the balance of supply and demand to hit directly the market of bitcoin. the price of bitcoin is still soaring high because many new individuals day by day are going for bitcoin to think that they can still catch up on this hype and make a descent amount of profit soon if bitcoin continues to surge dramatically. bitcoin is decentralized but some countries now are planning to make it centralized so that they can fully control and manage it to be able to make their own law and rules like putting a certain amount of tax to the the user of bitcoin.

Is this the result of a demand or game of whales? If the last many can lose their investment. On such large fluctuations, speculation is possible

yes, very simple because no one can control BTC price basically

yes, I'm a part that does not have bitcoin yet, and it's so sad, others are already rich with bitcoin, whereas I can only see and watch them happy.

Bitcoin is making a HUGE statement today showing all the altcoins who the king of crypto is! . I'm expecting a correction anytime now. But then again, I have been expecting a correction since $5000. Its going to be the best christmas this year. Hurrrrrrrrrrrrrayyyyyyyyyyyyyy

lol? what are you smoking? Big $ control bitcoin.

You think normal users own multiple $10-20 mil farming ops in their backyards? There's nothing decentralized about bitcoin.

The more it approaches its max mined coins, the more centralized it gets.

Big $ players will accumulate most of it.

Thank you for sharing this link, we all have to be reminde of the scenarious that can happen any time now. Right now, banks and goverments all over the globus put an eye on bitcoin and see the danger for their controlled financial world. What do you think will happen if US and/or Eurozone build an own, modern cryptocurrency and put all the power and money into it? Most bitcoiner are impressed by big figures nowadays, but all bitcoin are worth a shit if the institunonal world starts to strike back. Even Bill gates alone could buy all excisting bitcoins in one day (theoretically).

So dont missunderstand me, i love BTC, but do not make the mistake and count on 100.000,-

This is one of the bad effects of Bitcoin entering into a new all time high. Every time Bitcoin goes up the buyer's confidence goes down as we are entering into uncharted territories again. But basing it on the charts the price increase is also supported by a healthy volume which means we know that is not getting played by some whales as small players are also participating and buying even at this price point. Remember if you are not sure with the price you can always check its charts.

What if nobody controls btc. Why the Chinesw? Why not the Japanese, Autralian...? Bitcoin is suposed to be decentralized, so...

How can we say the rise in the price of bitcoin is at alarming rate, when we have never been told the maximum bitcoin can go in terms of price ratios. What influence bitcoin price most is it demands and the level of it popularity and acceptability and all this is increasing this few day and we should also expecte more price rise, if you have bitcoin and you have the mind to hold I advice you keep on holding. And if you can not you are free to sell your bitcoin at any time you wish.

The growth of bitcoin is not such an unusual thing for experienced crypto-currency market professionals.
Virtually any crypto currency can grow daily by 50%, 100% and even more. But BTC has huge volumes and impressive capitalization.
Although it is quite far from the volume of the foreign exchange market. Therefore, I believe that the bitcoin's growth potential remains.

Yes,the price is out of control.Because, it had reached a huge amount yet and continuously it's price is increasing. Bitcoin price is so high now.For that we can say without any doubt that the price is out of control.

yes indeed when prices soared because bitcoin prices out of control and then a little happy and happy because it could be bitcoin prices will collide until uncontrolled too, now I know because the number of new users and what happens is the whale that pumps the price increase so skyrocket bitcoin , so if the low bitcoin price you try to buy more for you save until the bitcoin price will skyrocket again

Quick call the GOV

We need a new agency,

Let's call it the Federal Bureau of Bitcoin Control, and then we'll never again worry, everything will be under control

WHat's it about 'control'

Satoshi created bitcoin to be a peer2peer network, where poor people could circumvent banks, no element of control , unless you own +51% of the consensus, and bitcoin is a million cats that all hate each other, ppl can't even find consensus on the number of bits in a byte :)

Im worried by BTC/Altcoin correlations. This insane spike is literally slaughtering the market.  :'(

theymos Presented a very good reflection. The price that Bitcoin has raised over the past 4 years is unbelief. Bitcoin or other currency, it is impossible to guess whether the price will increase or decrise, morever the price increases. It is seen that the price is rising and I bought it, I will go up in the morning and sit in the street. If there is a bitcoin then it can be holed.

I really hope people are still keeping true to the "only invest what you can afford to lose" mantra, otherwise bitcoin might end up ruining a lot of peoples financial lives.

Bitcoin is great and blockchain is great, but dont risk you or your families future trying to chase money. There are many things that are more important in life.

"Never buy at the top" is hard to operate. If I would not have bought BTC at the time where it was 5k, which was a ATH at the time and just waited, then I would have missed a great opportunity.
It is to me more whether you feel and expect the BTC price to go higher. At the end of the day, if in a year from now BTC is worth 50k, whether you bought it 5k or 15k does not make such a big difference.

Lol no one will control crypto currency that is why its ok to say that bitcoin value is out of control, and as we can see right now value are constantly fluctuating no one will want like this because it getting my heart beat fast, i do not think it was good for the future of bitcoin.

like what i said above that no ones controlling bitcoin, value may based on the demand on the market and i think it happens because of massive adoption by many people and also it getting more popular in this world.

Me also i am worried, hoping that this would give better result.

You one of them who give to us information not hype about "Bitcoin price currently very low and etc" . I think who have more than 20 bitcoins must sell something but for me holder of 4 bitcoin have no reason sell them)

How is it out of control? Bitcoin is decentralized... therefore it is impossible to control Bitcoin in the first place. Actually, I just proved myself wrong, because Bitcoin literally - by definition - is out of control. :D

Right.But even in the first place since bitcoin is decentralized,no one really can ever control the price of bitcoin.Especially now that the price has become so expensive,all users and investors in the market are really happy to see the price continue growing.

Well since from the invention of bitcoin the price have never been controlled that is the main reason it is difficulty for any government or financial institution to regulate bitcoin. At this time, anyone who has the interest of bitcoin at heart and whose motive is beyond the profit and the ever increasing price needs to be more cautious at this time for those who probably wants to come in now should first of all understand the risk involved in cryptocurrencies in general.

The final decision is from our own, the message from theymos is a biggest thing to ponder and it really gives us a way to think many times before making a hard decision. It is important that we should always think the positive and negative side that are possible to happen for the incoming. Though we should be positive but, of what happen to bitcoin before still have any possibilities that will happen again and we should be prepared for that.

agree with what you say, that bitcoin can not take off because there is a whale factor that will eat bitcoin until the value of that price will boost in the market

That was really a great post by Theymos.It explains clearly the current scenario and uncertainty prevailing in the bitcoin price.Most of the bitcoin holders are excited on seeing bitcoin's continuous increase in price.But they fail to realize that it clearly seems to be a bubble and no body knows when it would burst.The rise in bitcoin price is really unbelievable and i have been in the bitcoin market for two years.I'm really afraid to face the possible crash.Once it happens,critics would once again wake up from sleep and would once again start their duty of criticizing bitcoin.

At first i was happy when the price increase so much passing 10.000 mark, but now i'm scared because the increase is so fast and already passed 15.000. The price in my local country exchange is way more out of control, more than $20.000 last night. People get way to excited and now i have no idea how low the correction will go.

did you know that one of the main gateways to the world of bitcoin in my area is having demand issues? i haven't read any official statement from their end yet but based on other users like me, there's not much bitcoin to sell buyers. buyers are willing to buy at any rate, but the problem is that, there's no bitcoin to buy. hodlers using the service are just that - hodling. is it possible that they've run out of btc to sell? so demand is still high.... price will really rise all the more right?

yes no more to stop the bitcoin. so many people panic to sell it. Others continue to sell or buy bitcoin so they grow. next year maybe it will take 1m bitcoin. It's not surprising because of the bitcoin speed increase.

The current price is not normal, be careful with the unexpected price drop. Whether anyone who plays this price, do not panic buy or panic sell.

The bitcoin is a digital currency system and it price was increased day by day  and current price is not normal and today rate of bitcoin is $15427 and it's touch $17153  so it price was out of control so be careful and do the process it may go drop tommorow itself so if you have bitcoin and you may trading now it's self because bitcoin price was out of control.

It's really scary at the rate of demand causing bitcoin to price skyrocketed to $18,000 in western exchanges and more than $20,000 is Korean exchanges. But we are now seeing price correction between $15,000-$16,000. Maybe the news that Korean government is banning bitcoin future contracts or just people cashing it out to make a profit that's causing this sudden dump. However, $15,000? It's still not normal and way above any casual like me to enter and buy bitcoin. Only those who have a lot of funds to invest is willing to buy at this price. But I still expect the price to continue its spectacular rise until December 10 when we all see the first bitcoin future contracts offering by CBOE. So this madness and illogical at top price will go on.

The price is already out of control and we cannot yet predict what it is going to be at the end of 2018. Many who have been able to invest in Bitcoin are actually looking at the very high cost of Bitcoin and after trying and have bought it, assuming if the price falls? these are part of the questions and thoughts that runs in the minds of many who actually are really interested in investing in Bitcoin.For those who have bitcoin already they will benefit from the increase, while those who are just investing now actually have to be at alert and also would want to reap the gain for their investments as well.

This is entirely true, the network is now congested, fees are higher, transactions are slow. Very alarming indeed but not for long term hodlers. We believe that for the long term, bitcoin is the future of money and have the potential to take over fiat.

I do not think so. The current price of bitcoin is quite high but not out of control. Because everyone has a belief that bitcoin will rise to $ 20,000, it is not hard to understand if the bitcoin reaches $ 50,000

Same here, when it hit $10,000 I was euphoric, this was fast too, and at that time I also wished that the rise to $10,000 would have been slower and more organic, but its nothing compared to the soar up to $15,000 and even higher. Its really out of control and nobody can know where this is going. It can crash really hard and then many people that didnt sell or that invested late because of the hype will be very disappointed. Time will tell.

that's good if the price is out of control if you have already a lot of btc because you can buy and sell it in high price that's the positive of the volatile price that we experience now,i think you can earn big now if you have 1 btc because it's going down and going up in hours.So buy bitcoin if the price is down then sell it in high that's all

what happen?

the price is increasing this days very quickly

the banks are afraid from bitcoin

i think it will happen a thing

Bitcoin's price movement is really out of control for the past few weeks. However, it still doesn't stop people to keep buying and investing in it even the risk of maybe losing everything in a bubble might happen soon. We don't actually know. But that's the nature of any risk when you invest in anything. Whatever will happen, I will continue to invest on bitcoin for the gain is in long-term.

Is this good for bitcoin daytraders then?

It is really confusing. I tried to analyze what is going on but i was not able to come out with a conclusion.
In one hand, too many people are trying to buy (huge demand) meaning that the price will rise more.
In the other hand, many holders started panicking because they expect a near price correction (huge supply).

Most likely the price will keep rising but it will be wise to be careful when investing during next days.

i was check the price from time to time. the bitcoin price is so huge now that makes all the holders of bitcoin trade it for cash but some of them buy bitcoin so the price is truly out of control now. this is good time for the bitcoin holders to sell their coin because the price is almost 20k dollars now.

I don't exactly believe in a sudden bubble burst, but the vapid changes in bitcoin exchange rate have been making me feel a bit uneasy. It's mostly just being a far away observer for me currently, if the 'dam' ruptures in any highly unlikely situation I'm prepared to sell my bitcoins and jump off the boat. Sike, not. I'm way too optimistic and while this is something to worry about I'm not really into the crypto doomsday kind of thing.

Tak szybko to wszystko idzie że naprawdę nie wiem gdzie to może się skończyć.. Jak walnie $20,000 to wtedy będzie barierka psychologiczna zniszcona. $1 trillion market cap??

Reaching nearly $19,000 on certain exchanges (it's trading for as high as $30,000) is getting a little concerning, there might be a pullback but even if the worst case scenario would happen, it's still good for the long-term run. Blockchain is here to stay.

It rose so much that even 4 bitcoin is a big thing mate. So actually it matters for you too. I have policy of selling %10-15 of my portfolio whenever there is a big dump in the market.

Yes, Both demand and supply are high now. But seems that demand is now more than supply and the number of people in second group ( those who panic) is not that high to cause the price to fall very much. Correction is over. Price fall has stopped.

And the best is yet to come in the early month of 2018

The analyst said it will reach $15k by the end of the year and it already surpassed that. I'm thinking at what price is the best time to buy it. Yesterday it lost a bit but came back strong as of today. Its really like a roller coaster ride.

That is the reality everyone gets excited becauseof the profitability they might earned in investing bitcoin but you are right to think twice or thrice before investing and they should be ready on the risk they are taking because we never know when will the volatility will occur. The increase or decrease in pricing is dramatically happening anytime and we cannot even control it so we better watch read and evaluate the market and think before investing.

yesterday when the price is down, I see there is still panicked people and makes the price got drop too far. but fortunately, the price it seems bouncing up again and now reach more $15k. I only hope that the price back increases again but if there is another down for the price, then I only prepare to buy more bitcoin.

I think that a lot of big investors decided to sell its BTC at the price 19-20k $ so it could be big BTC dump at the price of 20k $ per 1 BTC

It's out of control indeed lmao. Now I truly believe that absolutely everything is possible in crypto like my friend says  ;D
Sometimes it just skyrockets like crazy and it won't stop and at the same time it can fall as fast as it rose :D
Crazy stuff indeed and what more crazy is, is that even my grandma, who is 80 years old heard about BTC and started asking me about it.

Lol, This is really bitter reality, people do not care much about bitcoin. There are only few people who are sincere with bitcoin and luckily I am one of them, but rest who really love money as you said are going to simply switch to any other coin with higher price.

But what I believe is that bitcoin is not going to let any other coin overthrow it. Bitcoin is the oldest coin and this is why it has strongest market and is the most expensive coin.

Hello author! I totally agree with you all we have it's just some experts on bitcoin talk and some people who make the puppet market. Its not normal even I without any education understand this pretty well. Crazy price situations with hype. I have no any motivation to criticize it because I have no any money so it means I can look on situation adequately without any high emotion. I make genial conclusion: to be poor have some positive things such like  you can loose nothing because you have nothing. This works and with bitcoin holders) I will be happy if people can thinking constructively and use brain and understand clear "There’s no such thing as a free lunch".

the price went out of control...I don't risk now buying bitcoin, because I can lose everything...I look at other currencies...bitcoin causes my stress

I totally agree with you for those who planning to buy bitcoin we should observe the market price of bitcoin
Because no one has the control of the price of bitcoin and for those holding bitcoins we should hold the bitcoin until we have good profit from it. We need to be wise for buying or selling bitcoins and set goals for our own good or else if we dont do that we just wasting our time and money.

Main reason why the price is out of control just because of less supply. That's why bitcoin price is increasing. It's time to hold bitcoin because you might never know that the decimal of bitcoin will be equal to 10,000 USD as well.
For example: I will tell you in general life.
If a supply of sugar is in less number than the sweet prices will be increase.
Now take an example of bitcoin:
If the supply and mining of bitcoins goes more so the supply will become less. So the price of bitcoin will be decrease.

So that concept is showing that those people who are talking about bitcoin that bitcoin is bubble then it's not true. Because it is all about demand and supply that's why price is out of control.

every day I see the bitcoin take 4-5% and every day I tell myself "it's not possible!"

That is indeed true. Bitcoin's market value is going insane. But the thing that matters here is that it gives profit to its users and investors as its price becomes more expensive and the expectations of its price to be higher in te future is what excites its users and investors and gives them reason to hold and invest more which indeed seems to a good idea.

Bitcoin became a revolution right now. Many people wants Bitcoin, they want to know more and more about Bitcoin. Price of Bitcoin made it gold in cryptocurrency.

The pullback already here, but it's what many people call correction, the price change is really significant from the price you mentioned above to merely $15,000 but speaking the truth
this achievement itself even after the pullback beyond imagination of many people in the start of this year, the price increase more than few hundreds is already a huge achievement.

I just read the post and I advise my friends about the same. Most of them are asking me about exchange procedure and other things and they desperately want to buy Bitcoin at this point (especially when they saw a massive rally). It would be ethically wrong if I am not sharing the procedure of buying and holding but at the same time, I ask them to spend more time and let the price stabilize because I am expecting a correction soon and things are moving rapidly at this stage.

This proves that Bitcoin does not need any help from either the bank or government. Bitcoin is decentralized that can make the price out of control, whether it will go up or down. Demand of Bitcoin is also very much because a lot of people are starting to believe in Bitcoin as best investment.

It's evident that many people now are buying bitcoin and making huge step to learn about this. I was surprise that bitcoin reach new highs after highs. It means there is a great possibility that bitcoin will go to $25k to $50k or even high. I believe many people now are crazy to know about bitcoin and some of my friends now are asking what is bitcoin but i offer them this long time ago.

Interesting article. No one can give a good prediction for BTC. Some overestimated some underestimated. People have good reasons o hold/sell.

True. But you know what, I have not seen stability in Bitcoin especially in the past month. It then goes without saying that when you incline others to buy in only when there is stability, it is never going to happen. It is mainly because stability does not take place in this business; it never happened. One moment you have all the gains but a minute later you are back in the 'norm'. But one thing's for sure, Bitcoin's value does not go extremely low. It has always maintained its becoming mainstream once price correction has taken place. Thus, always a win-win if you know when to HODL. 

Thank you for this useful info. Will certainly wait for a bit and see how things will be in the coming days.

You are only afraid because you don't know why it is rising.  I do.

Yet in any case, experience is not much needed, bitcoin will be a correction now and in the future will continue to grow, then the question is more likely to worry only if how to make maximum profit )

Yes, it was crazy. I hope it took a break and the price will stabilize around the current level, although I would not be surprised by further drop to $12-13k.

I do not believe that Bitcoin prices can go out of control. There are many coins that they can not control the control of their hands-free price. They could lose a lot of money, it seems to me that they turned the pump on purpose. Perhaps satellites are afraid of futures and Bitcoin is preparing to leave the market

Yes it is true. The price of bitcoin cannot be control by anyone. It always fluctuates in the market wherein no one knows when it will up or down.
The big thing that affects its price aside from the economic performance of each country , is the demand or response of the public in their business.

The price or the value of a bitcoin is not on our control. Because of the high demand of bitcoin nowadays the price is continuously increasing and i personally that i don't expect that the bitcoin reached this value at this moment, very impressive.

But what if it increases more what if bitcoin will never hit below 12k or 11k no1 will know I think it's better to wait for the correction if u want to invest in bitcoin

This is the biggest demerit of decenetralization price would boom up absolutely out of control. There cannot be any buyer freeze or seller freeze which means that everyone would be prone to drastic volatility each day. moreover a 24 hour market makes it even worse because there are separate hours on which each country trades. So I would say its better to stay away from trading in cryptos unless you are an expert who can notice each change keenly.

yeah the value of btc is out of control really,i didnt expect to that it will rise to 17k for only a short period of time then sudden decrease.its something that can be sure what will happen next,an on and off of price is unpredictable,but for the time being its price is something that uncompairable than the last how many years.its just a fact that btc's value is cant be cant be controled.

It looks to me like it is going to stay around the 14k-15k range. Alts seem to have recovered, so that is a sign that the altcoin money pump is over.

The last days bitcoin makes me worry a lot..From one side i like the price is up, my wealth grows thanks to this pace, but i realize, that this situation on the market is abnormal,  this is similar to manipulation of BIG players with the goal to make huge amount of money!

That is why a lot of financial analysts say Bitcoin is a bubble because of its volatility. They have not encountered such a huge disparity in the rise and decline of Bitcoin's value in such a small period of time. Hence, it is safe to say that they deem it unsafe to invest in it with such instabilities.

You can say that the price movement of Bitcoin is a scheme to make big money but who can verify such when none can even figure who started Bitcoin to begin with? Who can benefit from the rise and decline? Are there people who are behind this? Who can tell?

One of the reasons why bitcoin price really gies up is because of many people are investing with bitcoin.  They are buying some in the hope that its price will continue to goes up.  Just hoping that its price will continue to goes up and that many people will still invest.

Well, hey, the price might have been out of control just recently but it's going down pretty quickly, this might be a bull trap or it might be a full-on correction coming up here, not sure based on the look of the market so far. Seems to be hovering around $14k but there might be a lot less support for it at that level than there is a bit lower.

Bitcoin would have been dropping like a rock if there weren't people trying to buy even more of it on a downturn, that's the big saving grace for the market right now.

Bitcoin has been a risky investment for many years. If it was rock solid, everyone would have invested in it long ago.

And of course it cannot keep going up with 100 % a month! But I dont think we have reached the limit yet

People dont understand why the price increase by this fast speed , that let big place to suspicious sentiment and fear

Yes the price is out of control...but I don't care... I am always wishing for more...the more the value,the more my balance....& my payment will be more...so I wish it will reach 50000$  ;D

No one knows how high bitcoin possibly can go. I've been following Bitcoin long time and back in 2011 also mining with my computer.

First: Never saw it can go this high. Now it has proved its possibility and people are intresting about more and more of it, I feel happy because it can claim or/and show the new way as payment option.

Second: HOLD dont try to make fast profits people. It's going move a lot in next 2-5 years but. You're not losing your investments. HOLDing is best support for cryptocurrency. Hope the Banks also understand it possibilities not only underestimate it, because people are decided to adopt it already.

People should invest their bitcoin in this time because bitcoin's price is going to more high in this time, sometime the price of bitcoin is down but actually its price is increasing and that is the good point for those who want to invest their money in bitcoin forum and I will be invest my some money invest in this forum, so everybody should read bitcoin and also join this forum.

Bitcoin have shown unexpected growth this month. Everyone is talking about bitcoin whether its a bubble or not. When is it going to explode?
Also recently number of unconfirmed transactions have gone wild. around 175k unconfirmed transactions.

This is a good advice,am happy other persons feel the same with me,it is really risky investing on bitcoin at this point.

We were expiating it because last year also bitcoin price become very high and this year also it go to very high position that is one of the quality of bitcoin that it never stay on one place and I’m sure that next week the price of bitcoin will go more high and thousands of investors will take a very huge amount of profit and for that my best wishes are with bitcoin all the time.

I agree with you. Price of bitcoin is growing like anything, and by considering its rate I wonder if it suddenly fall down. There are some chances to grow but we should only can guess. But in reality I scared by high rise of price which is not normal.

I think there are a lo of reasons why bitcoin is currently going crazy, with the CME group trading futures in the coming days along with FOMO happening to those who have been monitoring the market thinking of getting there feat wet are seeing how quick BTC is gaining and want a piece of the action. I personally feel it will continue to rise and with small corrections and ultimatley will keep going up as new investors come in. Hoping it doesnt bottom out but I suppose anything can happen in the crazy world of crypto.

Yes you are right mate, the way the price of the bitcoin is rising in past few months have affected the mindset of the amateur traders and other's too as it made them difficult in taking investment decisions. There is excitement and fear too, but right now the uptrend is strong and i think you should not miss it as they make more money than consolidation phase of the market. By the way thanks for sharing the good post of theymos it is worthy enough to read and make those clear in our minds before taking any investment decisions.

I don't believe that the price is out of control. Still bitcoin is under control only the demand only create hike in price and I believe that bitcoin will sustain at the level of 10000 USD I predict that will be the bottom of bitcoin and from there bitcoin again start for next level with confidently.

Actually that is the main thing, the price was never under control.
Technically speaking.

But with the new rates in the exchanges and price going back slowly to pre-madness level should we calm down that the "bubble" didn't over inflate and popped far worse?
I don't know about you guys but I feel a lot more comfortable with a 10-12.5 price range than with a 5k gain in two days to nearly 20k.
The last thing I want to experience again was the constant drop day after day after the fall of gox.

but people wont listen. it seems absolutely idiotic to buy in as a newbie at these price levels, given the risk of epic downtrend is a real thing. but, FOMO is also a real thing, and we are seeing a lot of that that the moment. new guys are coming in without knowing how volatile these markets can be, as well as how unpredictable they are. all it takes is another China rumor, or a misinterpreted SEC guidance, and this yar long bull trend cant reverse for how know how long


what goes up, must come down. sound advice folks. reciprocity is a real concept.

Despite of the exponential price growth people are having fear whether to hold or sell as the price is going out of control. We can see a strong upward momentum now so people are also in a hurry to buy coins but they have a fear too. Anyways it is better to think twice and take wise decisions according to the price movement.

The more people learn about Bitcoin the more demand for it arises, so there is no such thing as out of control. The supply stays the same and as the demand for it increases the price keeps going up. Now some people that bought it at close to 20k$ are slapping themselves for it is now at around 14k$. But then again, in crypto for one to make money another has to lose it.

There is no such kind of thing which is known as correction exist here the prices are fluctuation because people aimed to sell at the 15k and they are seeing the market flow that’s why they hold a bit and then sell to earn profit and the price in future will be much more higher than now and the coming time will fascinate the bitcoin investor because the uncontrolled nature of bitcoin will make prices unstoppable.

Price is out of control indeed, this is very stupid and ridiculous, investors from wall street coming in, this should never happen, because they are the people who now manipulate the price, also the better and rational projects/alts have to suffer from this nonsense, its time to give bitcoin to power and money hungry people and let the alts decide the best for the future.

Bitcoin is amazing and we must appreciate ethic fact of bitcoin that it doesn’t come under control of any institution or government. This is the only reason for which bitcoin have progressed for fantastic against every other coin. There are altcoins too but the developers for bitcoin are going amazing job and thus we are seeing the emerging prices after every other hour.

I think the price of bitcoin has been going up all the time, and many people are very excited, but I am afraid, I am afraid that it suddenly fell down, so I began to sell the bitcoins in batches.

Why just the price is out of control?The bitcoin is out of control!!!!Will grow even as there is supply and demand.If this were not so, then all digital currencies didn't exist with bitcoin

Bitcoin price is increasing /growing now at a alarming rate. It is really major issue of tensions that Bitcoin price rate is going to out of control. The accepted price rate of bitcoin may be $8000-$9000. but Bitcoin price now $16500

The Bitcoin recent prices surges are really blowing my mind. Actually I simply cannot believe it. I once thought the $10K price is just a momentarily but the fact is it still holding until now. I believe the ease of use of buying Bitcoin also help bitcoin to growth this high, many newcomers mainly newbie traders just don't realize they buy Bitcoin at this high.

Personally, I believe anything that goes up that fast will have a nasty crash, and I doubt most people will not panic selling, most of them will make bitcoin prices come down deeper.

very much agree with you, many my friends feel very happy because BTC prices are increasing because they have had it for a few years ago, and very different from me who can only be silent because unable to buy bitcoin at current price list.

Maybe a lot of people think of it as a tool for making money

Price for one BTC will reach $50'000 pretty soon. I'd say by April 2018.
For the majority out there and the public there are no alternatives in cryptocurrencies, they only know Bitcoin.

Don't forget to get off the hype train once it reaches its peak or you might lose everything.

Yes bitcoin is unstoppable now because the value is increasing so fast. Invest and trading bitcoin  is a good source of income. The price of bitcoin now is like a rocketship up in the sky.

The price of these days is so rapidly changing, whatever causes what, because of the growing bitcoin enthusiasts or the act of a group of people who pump the price of bitcoin. Most importantly we should not be hooked to sell it, keep your bitcoin for as long as possible.

The price bokoynana recently really got out of all the previous forecasts, increasing so much that no one expected it. And it happened too quickly. Bitcoin increased in value every few hours per thousand dollars, which caused mixed reactions and talk that such a sharp increase will negatively affect the image of bitcoin as an unstable crypto currency. As for controllability, it should not be manageable if we say that it is decentralized.

Yes bitcoin price is already going to out of control. Its price increase rapidly and bitcoin users also increase in day by day. Bitcoin is also legal in so many countries and so invest into bitcoin people also increasing. As a result bitcoin price is now out of control.

Seems like the start of trading for bitcoin futures accelerated the price even more. Im really curious where we will see Bitcoin at the end of this month. If this continous like this, 20k might be possible. But also the opposit could happen and we see it on 10k. I still agree with the OP, the price can go anywhere.

It's hard to believe that bitcoin will goes beyond of what we have expected by this year, but we all happy for this. It seems that bitcoin goes wildly as it become more popular and very catchy to the eyes of everyone. No wonder that more and more will tried to destroy the image of bitcoin for the seek of their own greediness and to cut the competition in the market.

Once you appreciate the inherent value and beauty of Bitcoin, price is not the overiding aspect.

The fact that government and banks cannot stop it or control it, globaly distributed, open source, transparent, and at the same time very secure.

I costs much more to hack a bitcoin than it does to mine it honestly.

This really is a game changer, regardless of price.

Next year when BTC hits 100k, 20k will seem like a bargain.

Bitcoin is going to be the global gold standard which will force government banking scams to retreat.

The value for sure overpassed the aspectative for this year, so ye is pretty out of control but not that much. The volatility is huge especially for the CME opening of futures, we will see.

I like how They missed thinks and he is right and I invest the way he described but when I started reading I was a bit annoyed then it got better. Just one thing annoyed me. When people say the word bubble I want to punch them in the face. It's a great article. It's logical and I can't believe how foolish some people are. Good unbiased view on the whole thing.

The value is massively increasing as of today and maybe those who did not manage to invest on bitcoins is regreting today because the value is already reaching $20k  and maybe it will really reach before the 2017 ends.

This week it already made a good stand. From high 17500 to a low 13500 and back. I dont expext is to drop under the 10k anymore. Except when BTC gets obsolete and will replaced by anothercoin/or forkclone

i stop making any deals because price is out of control.

i think it’s better to wait more about bitcoin

BTC price is raising, today more than yesterday and so. but i think it will have a dump in next times. this time is possible today or tomorrow or next month. But i think this will happened

We don't know if the price is not yet manipulated.