Bitcoin Forum

The highly volatile cryptocurrency has had a great impact on the market cap and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017.

We all know that the crypto market is volatile. Given this volatility, most of the coins go up and down in no time. It does happen whenever there is a good or bad news surrounding cryptocurrency. For instance, bitcoin reached at its peak of $20000, and dropped as low as $3700 in a short period. Again bitcoin increased high due to Facebook issuing its digital currency called Libra.

In the first Libra has not yet been released, and secondly the news about the planned release of Libra did not affect the growth of bitcoin. This is the market, bitcoin groped the bottom, now its rate began to grow. This has been repeated many times since its inception.

No..

The price raise happening before as well and the facebook took this situation into their advantage and released their project and nothing libra can be doing for the crypto market.

high volatility in crypto market is good for the people who can take an advatages from this volatility
because they can got huge profit in short, but remember the risk also higher in this crypto market
also i believe bitcoin will touch $20K or more, but maybe not in this year buddy

Though there are also disadvantages in high volatility. As we can see that not all investors, traders, and hodlers are experts in seeing the signal of the market declining. As such once it happen there will be negativity in these group of people which will be the majority of the crypto space. Hopefully there this bullrun everthing will be different as many of us already learn form the last bull run.

Yes.

When though.. before the 8th? Eh.. it might draw back more. Many "experts" are expecting another pull back of 3-4k before a larger spike.
Investment and industry interest vs retail interest - it's getting more well known this cryptoverse but you'll know it's "Mainstream" when Walmart has paper wallets for sale.
(Obviously more likely would be a virtual WM coin or something. I just like physical wallets.)

it is funny how the same false statement is being repeated on bitcointalk with throwaways accounts! it makes you wonder who is creating all these accounts to make this statement!

in any case, like i've said before bitcoin price rise had nothing to do with Facebooks shitcoin just like for the past 10 years that it went from 0 to $20000 it had nothing to do with Facebook and shitcoins like it.

I agree with you, volatility is good for high risk taking investors. Such investors need to stay very up to date with market condition to benefit from the same.

Volatility is not a bad thing if you want to earn money buying and selling coins and assets. It is a bad thing for mass adoption.
But if you are a small player, do you really need mass adoption? There are the volatile periods, that enable you to lock profits and there is also enough liquidity for a player of your caliber and league.

I don't consider it a fall, it's most like just a drop or correction because bitcoin is back now to a good price, it reached $12,000 today and now currently trading at $11700, there's a big volatility and we shall see this many times in the bullish market now.

Facebook hype remains, they say buy the rumors and sell the news, but after the news, it has not dump, instead people sees a long term effect to the market on the arrival of Libra, and if we see some growth now and we can convince that is organic, we should believe more next year as they will launch next year.

Buy low, sell high!

Not just in a generic cover-all kind of statement but - seriously follow the ebb and flow and get in, get out... but always keep some. If you're not sure.. only sell half. Buy more the next time around.
There's always a next time. Or someone's next time, at least.

Libra will have delayed due to the latest news, i thought that the attention will be focussed to make bitcoin grow even more. Forget libra and US regulators have taken a decision to prevent it.
This time we are waiting for the impact that will be created by the block halving of bitcoin.

I still can't believe people think that the comeback was caused by facebook and libra. First of all facebook has been known to look into cryptocurrency world far longer than this increase, they have been looking into it for over a year right now, the earliest article I can find about facebook and crypto currency is based on 2018 march, so we know they liked the idea.

The closes we have is June 18th when they decided it will be libra and made it open to public. So, why would anyone think a bitcoin that got increased since April has been affected at all by facebook I would never know. I mean even if the price were to be affected by facebook, the times do not match, nothing happened in April about facebook and libra that would make bitcoin go up, there has been rumors for over a year and it became reality in June 18th, what does it have to do with bitcoin going up in April?

The high volatility in the market is what makes investors make a profit if you are good in reading the chart and history of the coins you are supporting and had confidence in what you invested in, then there is nothing to worry, good things will be on your side.

This high volatility brings more players inside the market, not just because of certain project being announced, investors loves to take the risk and invest their money hoping that it will bring good growth for their investment, if you are confident that the assets you invested in are god enough to bring you great responds then all you have to do is wait and see the outcome.

You made a good statement at first by saying that the market capitalization received an improvement, but you then missed when you attributed the increase to the announcement of Facebook coin, which is out of it.
There are so many other factors that could have contributed to this, and not because the lunch of a particular centralized coin has been announced.

You guys will just create your own news through your opinion and stamp it as if that was exactly the case, what has Facebook announcement gotten to do with the increase of bitcoin of recent. First the project has not been released, secondly, this coin has haters more than the lovers, and moreover, bitcoin had started spiking so high before there was even a rumor that they are planning to launch their own coin.

I have invested so much in bitcoin this year, and I didn’t do that because I heard of Facebook and Facebook news never even gingered me for once to put more money in the coin. So you better not link the progress of bitcoin to this Facebook coin that is still faceless for now. Till the coin is being released before we can see any of its impact on the cryptocurrency market in general.

Cryptocurrency is volatile to some extent and as a result, there is rapid fall and rise in price of coins. For instance bitcoin reached over $13000 recently, and dropped to $9000 in a short span of time. The volatility of the market is influenced by good or bad news surrounding cryptocurrency. Facebook issuing its own digital currency has definitely had an impact on the market.

First point: Bitcoin will not only get back to $20,000; it will definitely surpass that price. Only time will tell though when that will exactly come. But one thing is for sure, it will come. $20,000 will become a thing of the past for sure.

Second point: It does not need Libra or whatever altcoin for it to get back to its previous ATH. With or without Libra, Bitcoin flies high. Libra, after all, is just a follower of Bitcoin. 

How could you say that the cryptocurrency market recovery is due to the Announcement of Facebook,s cryptocurrency called LIBRA, Lets get some summation of the previous news why the cryptocurrency was bouncing back specially the Bitcoin, The main reason its because of the institutional Investors that was pouring a new capital to the market and its not because of the Facebook cryptocurrency libra.

There are articles that telling Facebook Libra coin to be launched are causing Bitcoin's surge in previous weeks but this in my opinion is just speculation since there are a lot of events that affects the price of Bitcoin and altcoins. Perhaps reading such articles are helpful but we should keep in mind that not everything they are telling are acutally true; sometimes it's biased.

So bitcoin and crypto currencies are all about profit now? Wasn't crypto currency created to be used as a replacement of centralized currency system and to bring in financial freedom along with privacy? If crypto currency remain to be extremely highly volatile we might be making good profit, but unfortunately we won't be able to use it as a form of regular currency to make our casual transactions   :-\.

The cryptocurrency market has always been volatile and from an investors perspective, it can be both a good & bad thing
For a long term investor, he has to take good positions with his investments when the market is still stable or low, then take profits on the way up.
For the traders, volatility is good as it allows them to make profit on trades in a relatively shorter period of time.

And?

I don't understand the real thing here, anybody can? Nothing informative at all. Any questions? There is no link between the content of the topic and the survey? If you don't mind, what was your purpose?

High volatility is a good sign that cryptocurrencies are still young, with more and more money that come to the market, volatility will be reduced.

I don't think it's easy to reach above $ 20k for this year, but it's still possible. Many people also choose altcoin as an investment place, and the current conditions are different from 2017. That is the reality and it is very difficult for us to predict. More and more demand and total supply bitcoin (little), bitcoin should have reached more than $ 20 for now. But for now it's still at a price of $ 11500. Think about it.

If the momentum continues and bulls keep dominating the market i am quite sure we will cross the mark of 20k this year easily but nothing is guaranteed and market may range between 10k to 15k for few months before pumping upwards so lets see.

I think that the second option is most likely. the price will be in the range from 9 to 15 thousand dollars for Bitcoin. and only at the end of the year or at the beginning of the next we will see a sharp increase in price

I don't agree with the majority because I see bitcoin staying below the all time high price until 2020 prior to when Biitcon halving happens. Facebook launch will also be a key tool in pushing bitcoin to above 20,000usd an this will happen in 2020 as well

Now we may be able to see how the whales will pump up the level of Bitcoin capitalization. bringing it to 80 -85 percent, so that at this stage the price of altcoins will be derailed. If this happens, then the price of Bitcoin can rise even higher than its previous record and $ 20,000.

Yes, cryptocurrency is very volatile in nature and its very difficult to predict what the price can be in the future. Bitcoin has been outstanding this year because it price surge from a bottom of $3500 to over $13k this particular year. I think we can still expect something more magnificent from bitcoin and it could even go above it all time high of 2017.

It is also very unpredictable and cannot be guessed cheaply, just as altcoins
You need to dyor and pick opinions that guides your trade.

Don’t have guessed, be sure of each trades

The volatility is contributed to a lot of factors such as fruad, global acceptance and alot of things beyond its control and that is part of the major reason why bitcoin has not majorly broken out. If these irregularities can be fixed, it will be a moon ride for bitcoin even far beyond $20,000. Cryptocurrency needs some touch of regulation from major quarters

So far, personally I have no idea about whether Bitcoin can reach around $20k or not. But, it may reach next year probably with certain conditions. Today market of cryptos is very volatile, the price of BTC can drop so easily after reaching around $13k last week. Now, it only $10k to $11k. I think that the price of BTC this year will be able to reach around $18k, but for $20k, It is still doubtful

High volatility is a very important phrase in the crypto space.If not for it, there might not be anything called pump and dump and it was a weapon used by whales and those who manipulate trades.also, the volatility of a coin is dependent on other factors.

Volatility is very important to us, this is a way that we generate more profits rather than of sticking into a stable market design where chances of making money are at a very low percentage. Glad we have this kind of market form and we have to use this flows to make a high percentage benefits.
It won't bother me if it often to have huge fluctuation cause that's the reason we are still alive and that's the market we are in.

The high volatility in the cryptocurrency market is very beneficial to holders which can only explain why bitcoin reached $20,000 in 2017, the volatility is also dentrimental to price of bitcoin it fell so low to $3,400 in 2018.
Bitcoin will surpass the previous record high maybe before the end of this year.

Yes, it's a matter of time. It will be something never seen before in history. Graphically speaking, we are late and the current price of the BTC does not reflect its true value, its true weight on the world.

"It's either complete BS.. or it's going to be something huge."  ;D

The volatility is the danger and risk of loss involved in cryptocurrency trading one can quickly be rich by trading cryptocurrency and one can lose all the fortune of his life on it as well. One needs to be very careful.

This is the drawback when you are dealing with cryptocurrencies. The risk is very high as the volatility of prices is very high also. If you don't know what you are doing, your entire savings can be wiped off with just one trade of an altcoin that you don't know nothing about. You need to avoid pump and dump coins, most masternode projects and MLM-type projects. I do not have anything against them, but from what I observed, you can easily lose your investments in those projects.

Indeed but let's not forget that this risk is also involved in fiat currency (share/stock market), while trading.The only way one can survive and gain profits is to constantly stay aware of market trends.

That is difficult to be reached again.
20k is just too much and no one really expected. The correction was real at that phase.
It is just so unbelievable and we all know that is not the right price for bitcoin yet in this era.
But itt had grown again to a 5 digit number value. I guess next year we might see the real 20k price.

The volatility in crypto is at high side , this is why many token or coin are dumped and never see a pump again as the community do bother trading them again because of their inactive or no support product to back their token.

But the volatile is still the reason for the high price in the crypto market which has contribute to the market survive so far from the integration.

I believe with you that cryptocurrency is very volatile and as such has kept many investors on the lookout while traders who know how to navigate the market are busy making profit despite the market existing price action.

I hope the volatility be brought under bearable conditions in years to come so as to pave ways for more adoption.

Yes bitcoin may go beyond its all time high price of around $20000 given the volatility of cryptocurrency. But I cannot tell what level of price it will hit in the future. Bitcoin fell sharply as low as around $3500 right after it hit record $ 20000. So we can assume that cryptocurrency is volatile and price of coins go up and down from time to time.

If you are talking about the instability of cryptocurrency, then you need to emphasize that in this market there is a lot of speculation and the market itself is essentially young.

Volatility of crypto has both good and bad sides, depending on whether price goes up (favorable) or follows a downtrend (unfavorable). Anyone holding crypto knows this and should understand the risk involved. Well, we pray for continuous uptrend in coming years since some big players are gradually gaining interest in crypto.

I think it is because of this, crypto market can attract so many players. Large fluctuations are very risky but also bring great profits. Regarding BTC prices, I think there are many people who have bought at the price of about $ 20k since 2017 and have not cut loss yet, so the selling pressure is huge. So maybe this year btc cannot pass this price.

As soon as investors see some surge in bitcoin price, market moves accordingly. Apart from extreme volatility(more than 50% upward or downward movement in single day), market reacts to bitcoin price movement. We have to be or I should say, mainly traders, should be careful about the market trends to gain more and not to have losses.

High price volatility of Bitcoin and other decentralized cryptocurrency should always be, since its price will always be formed on the basis of supply and demand. Bitcoin will rise high and fall in its price many more times. Therefore, its former price record Bitcoin should reach, and most likely next year. However, the high price values will not last long. After their achievement, he is likely to fall again to his previous values.

I think BTC will be able to set new ATH records more than once, perhaps this year, this is not surprising.

next 6 months gonna be goooooooooooood, CHOOOOOOOCHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

Crypto is truly highly volatile, and I think this will be favorable in the long run although it also has its bad sides. The good side being that BTC might soar high even above our expectations. The bad side being that terrible FUD might crash the crypto market. About BTC crossing the 20k benchmark , its feet possible in future.

BTC will reach new ATH this year, because there are too much great news that are warming investors' interests. Libra coin is about to launch its service, Bakkt exchange will open trading within the next several months and you also cannot forget about ETH 2.0, BTC and LTC halving and much more.