Bitcoin Forum

Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.

Is my concern really valid in the face of this ongoing development?

Concerned of what? Usually, huge price rises like this always follows a correction, which is very likely to happen and is to be expected. With that said, what should we be concerned of? Regardless if we had this huge spike or not, majority of people still don't look at bitcoin as a good SoV in the first place anyway due to the price instability. In the long term, this is just going to be a blip in the charts.

It's been addressed so many times, volatility has been attached to Cryptocurrency even since Bitcoin was first traded, and there was no damage done, those companies already had a safety need on this and users are all aware of the movement of the price, anyway there's always correction and it's happening right now, your concern has no basis and we can expect more of this in the future.

Well, even though I am also happy to see this sudden rise, if the reason behind it is the Chinese President, it can backfire harder than a typical correction would. For instance, he might issue a statement explaining that cryptocurrencies will be banned and Blockchain will be used for other purposes or that the only legal crypto will be the Chinese national crypto... This could kill the excitement overnight, followed by Bitcoin going below $7500... It is not very good that such controversial regions are still playing at important role in Bitcoin's price formation (if this is what's happening, that is). It makes it all very fragile.

Not concerned in the least.  I'd be worried if bitcoin had suddenly dropped to something like $6000 or lower, but even then I've seen enough in the land of bitcoin to realize that extreme price changes are to be expected in between long bouts of boredom.

I wouldn't say the price has recovered yet (it's too soon to tell), but what just happened in the past few hours is encouraging at least.  The only thing that might concern me a little is that it's times like this when FOMO kicks in and traders start driving up the price past the point that it can be sustained.  That's not healthy for bitcoin, but we'll see how it goes.

Concerned why it went up? Not really, probably due to a huge range of reasons. Concerned that there will definitely be a price correction in a couple of days and we'll probably fall below 10,000 again? Definitely...

Never had a weirder market, I didn't expect the news from China to have such an impact on a bearish market, and I'm personally likely just going to play it safe for the last couple of weeks, my heart can't just take waking up to see the prices gone up by 20 percent.

Let's see though - it's a wild ride, not sure if I want to be on it all the way though.

what is there to be concerned about when the rise is just a small recovery of the value that was lost because of manipulation?
the only thing to raise any concerns was a couple of days ago when the price had the fall and went that low otherwise the rise was something that you should have expected by then and your surprise should have come when the drop happened not when the drop was corrected.

I'm concerned 100%, because price surges are the reason for Bitcoin nearing $20k a while back, and you know what happens after the price stops moving? The bubble pops and deflates relatively low. So I'm on the edge about the price movement moving to damn fast, but enjoy it while it lasts.
   Easy come, easy go they say!

Sure. But again, it doesn't really matter, as this will just be a blip in the charts in the long term. Who cares if the excitement dies overnight? This sort of pumping event has happened multiple times in the past. The markets are irrational, and don't expect it to change anytime soon. And lastly, we're not even sure if the China announcement was actually the main cause of the pump. It could totally just be a coincidence. But again, no one knows for sure.

Why are you worried about that at this time? People should have known, from 5 years of bitcoin's existence, that bitcoin is volatile. And that with every trades and investment to bitcoin, there's always a feeling of worriness because it is naturally risky. Every person I think that knows bitcoin, knows that it's volatile. What we can do is think rationally, and set aside our emotions when we do decisions in handling BTC to prevent further loss, or to gain some profit.

No, there is nothing to worry about.
It is normal for bitcoin to have an increase in its price after the dip. It is volatile we can normally see ups and down anytime. We should not be concerned; instead, we should watch for more possible things to happen on its price.

No, there is nothing to worry about whenever the price comes up, just take what you can. Whenever there is a sudden surge, a market correction occurs. Most people are waiting for bitcoin price to rise. The market had been volatile ever since bitcoin was created, so this is not something new in crypto.

You could easily fork bitcoin and make it stable, But a hardfork requires majority consent and it requires no significant opposition to be succeed. because any significant opposition is able to cause disruption and uncertainty around the period of a hardfork, which will be unwelcome and troubling to businesses and users in the ecosystem. therefore users/businesses are incentivized to oppose contentious hardforks.

Furthermore i think volatility can decrease soon, specially with future markets. cryptos are still young as digital assets, almost everything can put a pressure on prices: bad news, rumors of regulation or whales. it's good to know, many Crypto assets, despite their volatility, are still more stable than the local currencies of third-world countries such as Zimbabwe, Venezuela, Vietnam, Afghanistan and Iran . For this reason, cryptocurrencies will become a safe-haven for those who have their money stored in unreliable countries’ banks around the world.

No, bitcoin's volatility will not cause any damage so you don't have to be worried about it. That is bitcoin. Well, I'm happy too just like you seeing the price increase after the past few days of bearish trend. I think, you should not say up and down prices as development. The true progress of BTC is the adaptation.

Every rise in the price of bitcoin can be viewed as either positive or negative depending on your perspective but most of the time, you should treat it as an opportunity in your short-term investments.

Two days ago, the price of bitcoin fell to around $7,500 and its price skyrocketed today up to $9,300. If you purchased bitcoins last week, you may be able to garner a realization of income through short-term investments.
The only problem that I see when price starts to increase are the transaction fees. As prices increases, so as the fees provided in our respective exchanges.

This is a big testament on how China can be an influential with almost anything happening in the world right now. However, I don't really believe that the recent hike in Bitcoin price is directly linked to the statement of China's President on the blockchain because we already know long time ago that China is very much interested with using the blockchain technology but will not be touching on the issue of Bitcoin. There is nothing new there, and am sure that some analysts are just looking for some reasons of the flash upward movement and since they could not find one really credible they pick up that Xi Jinping thing.

Bitcoin has been known to be very volatile and I think this is its one major feature and as such the sudden rise and also sudden fall has no meaning attached to it anymore. As far as I know this will never damage anything of this coin but will further strengthen what we know of it, that it can be very volatile anytime.

Yeah, I'm not really worried about the crypto's sudden rise since the coin is too volatile and these rise and falls are a normal thing for it. The price was facing dip from the past few months and now the investors are quite happy to see the inclination in the prices. But still, I think it is hard to predict whether this the beginning of a new bull run or a simple pump and dump rally...

Don't get too excited with this sudden surge or spike sometimes the next movement will be a correction, But this can be part of Bitcoin really going another All-time high or just readying us for another ride and because we are having another halving I guess this can be possible and the next year can be fruitful for Bitcoin, I am not really concerned about the sudden movement upward for Bitcoin in fact this is all in a prediction beforehand that it will then increase to $9000 USD something then on Next year march will be the day for the price to really proceed its next pace.

There are several methods, courage and doubt, that you have when doing something and going to one goal.

I give you an example, when you want to leave for a country, by plane or ship, have you ever thought the plane crashed and exploded, a sinking ship cannot swim.

Before you enter the investment world like Bitcoin, what's in your heart and mind is profit / loss, if one of the profits and losses is in your mind that's what will happen to you.

Now, you sit and think I'm investing in Bitcoin.
What for....!
To whom...!
Loss.....!
Profit....!
Now you have to ask yourself, what am I doing ...!

After you answer this question in your heart, you will find (worries and doubts) that are currently overtaking you.

I'm not concerned as I don't think the bull run will begin any time soon as we're still months away from halv. I'm concerned that some of my altcoins won't rise until I manage to gather more as they tend to follow bitcoin rise this time which is surprising.

Even if Bitcoin did a nice jump last night , soaring 2k$ in about 2 hours which is like a flashback from the previous bull run in 2017 but then it calmed down as the sell orders were to big. Some says that this rise had something to do with China going PRO cryptos giving a lesson to USA as they stand against cryptos...so lets see what next days will bring into markets.

We are still in the experimental early adoption phase. Extreme volatility is par for the course. Embrace it.

The only thing I'm concerned about is the market may have moved "too far, too fast." (https://money.cnn.com/2017/02/22/investing/stock-market-rally-risks-trump-brexit-le-pen/index.html) Sometimes moves like this plunge back down, forming an Eiffel Tower on the charts. That would trap lots of bulls on the wrong side of the market, not to mention that shorts have already been fully squeezed.

So if the market somehow makes it back to the $7,000s things are going to get very ugly.

This is nothing unusual. It is happening all the time. Price of Bitcoin decreased because of whales two days ago by almost 10%. In June I remember it went down and back up for 20% in few days time. If you check price in past you will see this happens all the time. Price of Bitcoin is highly manipulated by whales. Do not trade Bitcoin. If you want to trade you trade something else and keep away of Bitcoin. You will definitely lose here.

In the short term, given that at present this is the furthest Bitcoin has dropped in a single day for a few months it's concerning. What's more worrying is this is the biggest doji reversal candle (long wick at the top) we have seen in years. It doesn't need to close red to be as bearsh as it get's unfortunately. Just my opinion of course.

Whenever I see pump with bitcoin I usually go for the news around it, some news are capable of sustaining the pump for a long time and some are just distraction. China posed to be around the news, after a long tussle bitcoin can enjoy the china population and the adoption. This news is capable of starting a steady sail of the space. What will be the implication in altcoins as time passes?

The one thing that you should be concerned of is how much BTC you could have before the price finally sets to rise going to its ATH. It doesn't matter if the Chinese are going to use their own digital cryptocurrency or they ban BTC still, BTC will still be decentralized and can go up before their coin can.  All that matters is if you have BTC in your wallet.

Have you seen the sudden rises that brought BTC back from 3-4k level to 10k?... same thing... it's volatility is well known and will be difficult to tackle until BTC gets more distributed...
It has good sides and bad sides...

Ok you are trying to claim that you are having some BTCitcoin hidden like a treasure trove  ::).

BTCitcoin is a volatile market and these kind of price movements are nothing new, it is a global market and anyone can invest and trade without restriction and hence these kind of volatility is a common occurrence. You can see BTCitcoin which ever way you like, use it as a store of value as transaction or to trade internationally.

Well I tell you what, you're right to be concerned IF you think you have to be concerned about the rise and falls of Bitcoin in the short term.

I personally think most people whine too much when price falls, and then they're happy to eat the cake on days like these. For me, if you want the cake, you got to eat the scrapings in the bear market too, right?

I was concerned in 2017, and concerned this year when the rally happened. So yeah, concerned today too that all this is too soon, too fast.

But I tell myself, at the end of the day, all this doesn't matter when my big picture comes. This just delays it.

It represents volatility so I'm interested as to why thats occurring.   We already had a rise before the weekend and then I would guess on a positive effect occurring on Saturday and Sunday before hit the hard road on Monday again.    Its not normal for sure, put it that way so concern isnt incorrect imo but also BTC is volatile and I did expect some rise with 200 day average rising everyday; it created some vacuum for the price to re enter higher prices.     Short term prices can move in surprising ways and BTC has high volatility compared to almost anything.

No.

A long term store of value can be volatile in the short term. It's not contradictory to have an asset that may be volatile in the short run, like gold, to be considered a safe haven asset for storing wealth.

I'm not concerned whatsoever in that aspect, although what I am concerned about is that people are FOMOing to a very significant extent. A 30% rise is not natural within a day, even with the Xi news.

I agree, If China has to do with this sudden Bitcoin shooting back up then the price should continue to rise up maybe it was already above $10,000 right now because when China banning Bitcoin before the market Bitcoin performance was greatly dumped so I think this is just a big whales trap using the Chinese president statements of positive approach on Bitcoin. 

Bitcoin is a volatile cryptocurrency so everyone know the pump and dumps of Bitcoin. The current hype make good notice for BTC potential so peoples are concentrate more right know. This year starting it was stay in 3k to 4k only but everyone see the 13k USD on this year so it will raise again on further days.

I was suprised a bit 'cause I wasn't looking to any chart or whatsoever by that time, I was sleeping and when I wake up it was at 10k by that span of time. Was so sudden,  I was expecting a side of me though a bull run, but I am on the other hand aware that this was just made by whales. It was so early though but who knows right. Besides, I don't think these sudden changes in Bitcoin market would damage its reputation because it is normal.

All of us are concerned and I know some of are panic when the price goes down. But, everyone are happy when the price goes up. The sudden rising price of bitcoin is very questionable and I know some of us think that some people manipulated it and some of us think it is because of china. But, do you think what is really the reason on sudden rise of the price?

Worried about disturbing and negative events. The growth of bitcoin in the price causes a logical interest about the possible reasons for such growth. But we don’t see any obvious reasons. A statement by the Chinese president to support blockchain technology cannot be a real reason for the rise in the price of bitcoin, since the Chinese government has previously fully recognized this technology and widely implemented it in practice.
However, it is important that the price of bitcoin began to rise. Let Bitcoin continue to rise in price for no apparent reason.

Well, bitcoin does seem to be holding onto the gains it made since exploding in the past two days.  Big gains don't really give me cause to be concerned, except for the possibility of crashing--but in this case it doesn't look like bitcoin is gaining fast enough to cause too severe a correction.  And I guess there already was a mini-correction, because it had gone above $10k if I'm not mistaken. 

Definitely nice to see bitcoin being alive again.  I don't hold a lot of my money in crypto, but I hate to see it get beaten down and this last year has been exceedingly rough.  This might be a good sign for next year.

Don't be worried.
Actually this amount is just a little percentage of what bitcoin could reach in years to come.
We already saw how much it can reach when it hits its all time high which is 20k USD.

Now, if you are worried about the sudden rise for now, this could just be for now. It is too quick to fluctuate up hence, there could be a possibility that it will also go down any minute from now. (which is already happening)

Earlier people used to be bothered about price drop but now users are bit worried when an unexpected sudden pump happens because it's quite obvious that most of us thinks it's a bull trap to extort our investment just by manipulating the price. I think it's too early to comment on this as fluctuations are still wild.

It's a normal feeling for people who lose there BTC when price got dump so hard on the past months and maybe they are on stage that they are feeling the market situation these days. And Just like us I'm sure that all of us bothered since we cannot afford to lose more money if certain things will fail with the current situation with bitcoins today.

We will be concern if the sudden rise is a bear trap, but days have gone and so far it it still holding and it looks like going to be sustainable at least in $9k range. So the concern would be if the price goes to $7400 again and then goes on another side way trading patterns.

So it's a sigh of relief for now and no need to be concern at this point. Maybe we could see another break out to $10k again next month. We are almost at the end of the year now, so I do hope at least a good 5 digit this year and see how it goes prior and after the much touted block halvening.

Sudden pump and dump is usual thing in crypto because it's decentralized and the whales is in every exchanges. So if they make a move the market will shaking.
The speciality of crypto is the volatility and i think it won't make something bad for crypto because that's the nature of crypto. and after reaching the resistance on recent pump, the price looks like stable on 9k+ and i think it will ready to the next pump.

what rise? :D

I find it natural thing happening on the market and it will make crazy feelings to the new traders since they will surely afraid of the volatility, But I can say that we are in goodd shape right now since as you said the market goes stable and most provably we can see a good ups or maybe a bull run.

Recently, bitcoin price punched back at $9100 based on my updated blockfolio. So then, another demand is coming over to recuperate the losses and again this will recover at a given percentage depending on each trading activities worldwide. Also for some coins whose been closely affiliated with bitcoin tradings, you'll observed a definite changes from time to time.

Last dump, before price back again, i think is correction. For now at least price keep stable like this is already ok for me. I mean, bitcoin price not time yet to pumped a lot, that is why pump and dump is not much for now. But this is only speculation from me, because price still look not really move at current rate. When moved, it will back again.

Yeah I don't know where these people saw the rise on Bitcoin. I am eagerly waiting to selling my half piece Bitcoin for one commitment. If that is really good we can make more investment on BTC as well as other cryptocurrencies.
So we need to look for the best big investment on cryptocurrency to see such sudden growth else nothing will be there for sure.

This is just personal perspective, not means i said if all people like this, usually when price up and down, there are some people who want to take advantage from it like make it better or make it worse, like when price dump they will make speculation for lowest price of bitcoin so other who easily get panic can be affected. 

Bitcoin is a volatile price back then so don't worry. Investors are well aware of this, They are even more in favor of falling prices because they will have the opportunity to buy cheap bitcoin. They can easily raise the price of bitcoin as they hold large monetary funds that can play into the price of bitcoin.

Not much worried frankly speaking as prices have shown growth rate after a long time which indicates pump in the market soon when prices can cross $15k but we might see another correction in between these period which will be followed by the price surges again which is market strategy so we don't need to worry anything. Just be happy,patient and hodl until prices reach your satisfactory level.

This shouldn't be surprise to early bitcoin adopters they are used to the sudden and abrupt rise in the price of bitcoin, most of us here are more to the use of bitcoin as a store of value and having access and control over our portfolio rather than allow a third party to control it, I believed the price had resumed the bullish sentiment and growth after a prolong correction as you rightly said the price might hit $15K before the end of the year. let us patiently wait for the price to resume another wave of bullish movement.

I think we are never seeing it as a future global currency because of some inherent issues that come with bitcoin. The question is regarding store of value which can really become a big problem if such a trend of BTC continues. No one likes to store their funds in a currency which can go up and down by 20% each day. This would obviously mean burning up your savings in search of greater profits. People would think BTC is merely a gamble and nothing else. I however do hope that volatility may come down if there is an increase in adoption of BTC.

What is there to concern about the sudden growth, this is common with cryptocurrency. Months back too the similar form of growth happened with bitcoin pumping to reach a price above $13000. For each and everything we can't search for reason to relate to it. As the market has grown after unexpected drop to $7500 people look for something to relate with the growth. Here some feel it a manipulated growth while some mention it as a growth out of China's decision on blockchain. Whatsoever, the growth gives happiness.

Quite surprised because we have been longing for around 7k and lower. Though at the same time I am thinking of such abrupt changes made by Whales. As stated by bunch opinions after the market boom. On the other hand what got me is that China somehow involved in such changes. Not sure or may be it is by mere coincidence. Because I never knew China would've been somehow be a part of Crypto industry by a little.

Maybe everything will be fine and we are just going through the bullish correction at the moment, another accumulation stage before continued bull run.
Either that or $6K is coming if we break the 100 Week Moving Average. Bouncing off the 200 Day MA is a good sign though!
I think either way very soon we will find out where price is heading.

https://www.tradingview.com/x/tq9FefNV/

A spring off the 200-day MA to new highs would be a very obvious bullish confirmation for classical technicians. Fakeout below and spring back above.....a classic shakeout!

I really don't think $6K is coming, though we can't close the book on it yet.

Considering bitcoin has passed the bear market in May this year when it rises from $3k-$4K to $8K in June and be able to reach $13K in July. If we take a look at the big picture, whenever bitcoin enter a bull market, then it will stay in a bull market for the next two years to the next ATH like happened in 2012-2014 and 2015-2017. We're seeing bitcoin doing bounce attempt after far a little bit under $9K whether it can break above $9500 level, that's what I'm waiting for to add a long position.

Just because it happened a couple times before doesn't mean it'll happen again.

It's possible the run to the $13,000s was a bull trap in a long term bear market that began in December 2017 and hasn't ended yet. That's sgbett's opinion: https://bitcointalk.org/index.php?topic=2541338.msg52818259#msg52818259

It's also possible the 2019 rally was a short-lived, truncated fifth wave and we're entering a new bearish supercycle. That's xxxx123abcxxxx's alternative scenario: https://bitcointalk.org/index.php?topic=5128394.msg52880531#msg52880531

The abrupt change of market price isn't about the whales doing but because of China's participation...

https://www.coindesk.com/bitcoin-jumps-12-as-chinas-xi-embraces-blockchain-boosting-crypto-sentiment

It isn't surprising how they could influence the market trend as we all know that China has a huge number of crypto exchanges and market generators. The come back of China will giving hope for everyone that we no longer suffer huge declines but to expect a bullish market again.

Well, at least that is many people's expectations for bitcoin according to market cycle behavior that tends to repeat over again. There will be fluctuations but I doubt sgbett's opinion will come true, I would like to say in the next couple of months later; hey your prediction was wrong. Halving should be the main reason why bitcoin will not enter the "crypto winter", bear market has passed in the middle of 2019.

But he also said, bullish scenario preferred than bear market

The old users of bitcoin and crypto market are fully aware of this quality of the market i.e it never stays stable. Prices fluctuate so rapid and that is why there is a complete separate market for day trading which totally rely on the volatile nature of crypto currencies. Recent pump is in the favor of bitcoin investors and I am sure the btc price is going to higher level by the end of this year.

Should not doubt bitcoin.

Just months ago we saw bitcoin took 13k USD one again and it took long at 12k USD which is somehow inspiring once again after the last ATH in 2017.
I am worried for sudden increase but there is history that could prove it should not just be at this number.
12k USD should be the bottom of it by now.
I don't believe other people who are thinking it will be back to 3k or less. That is just mere FUD. Do not fooled by them and suddenly sell your bitcoins.
Just HODL.

That’s really bad to see the price going backward when you expect it to go forward, 9100$ is currently price then it is decreasing in price which sounds bad. According to my now its time to see the price pump because bitcoin is now more famous than before it’s a time of New profit-making that’s why I wish good luck to investors for the upcoming increase in price.

Yep, and I agree with him there, (https://bitcointalk.org/index.php?topic=5196072.msg52880532#msg52880532) but he presents the bearish alternative case for a good reason: it's a very real possibility. It can't be ruled out until we see new yearly highs, at least.

The more people who believe another bubble is a sure thing, the more nervous I get.

In as much it seems normal not to believe that the price of Bitcoin can go down to 3k, its also possible for the price to also go down like that too. And many things can be a contributor to it, especially when traders and investors panic sell and whale selling too. The question is if it will drop drastically like that or go gradually down like that.

A sudden rise of bitcoin is not really felt of most of us. If you are a big investment that holding a huge amount of bitcoin, then a sudden rise is already a big deal. For me, I don't have that much of it so it will not affect my bitcoin value so it depends on how much bitcoin you have in your wallet.

I don't think there is reason to be concerned. Yes, the rise was kind of sudden but not that big.and it seems that the rise will not continue at least not in such extend.
Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.

At least we are happy to see now Bitcoin price will remain at $9k range. I have been noticed this since this year started. When there's a suddenly dropped price it will stay longer but when it goes up to the higher level and back into the middle point. When there is a sudden raise up I am monitoring my profit. Once my profit was there I immediately cut it off and reinvest again. But if you are a long term holder, there's nothing to worry about the price.

the price of bitcoin will remain in $9k because we do not see any decrease in price now a days, and i think it has become a little stable that's why if the price start movement then pump will occur.
That is your great way to earn a good profit, although i am a long term holder but sometimes i also used to get the profit when the price of bitcoin suddenly get into peak and when it comes back i invest in it again and sometimes use the profit for fulfilling my needs.

For regular users, bitcoin price movement is not very important since buying or selling few dollars is not profitable at the opposite of big whales who move sometimes a huge amount...

I don't know if others will think the same. But if you are buying Bitcoin at $12k in the previous month, it is still not giving profit anymore and feel disappointed and no wonder that many will never appreciate the market stands today. If we look into the market today, it feels that we can't see a huge pump this year and not even seeing that halving will do the same as what it influence with the prices before.

The new thing about bitcoin (which seems like we have one all the time) it used to go up and stay there than go down and stay there and keep doing those moves multiple times. For the past few times there has been some "move down, stay, move down some more, stay, than go up" as in there is two parts of going down or two parts of going up.

Like we were $4k for example and moved to around 9-10k first than reached a peak of $13.8k which was the second up. Than we went as low as $8.5k this time around, than went to $7.2kish at the lowest. So, instead of going down and waiting, it goes down and goes down again. I feel like it has used its down moments multiple times already, I feel like it won't go under $8k anymore maaaaybe a little, like $7.8k or so but I am sure that would be very quick and go back up.

Bitcoin was at around $3k in the start of this year after that it kept on rising at a slow pace and now it is more than 9k USD. So you should be happy with your investment and not be worried about loosing your profit as it is close to impossible for bitcoin to fall to that level now. You should just keep calm and enjoy your life.

If you ask on this forum which incidentally the user of bitcoin then you will find many answer who will make you confident. Indeed, the newbie worries when they intend to invest in bitcoin is volatility/characteristic of it, and it has known by a lot of people.

By as far as I know and from my perspective as bitcoin user I'll take it as an adventage. I can take this situation for trading to get short term profit. But, if you are a long term investment then you should know there is many thing who will make bitcoin have a high price. Such as regulation which can affect mass adoption (currently Chinese has doing it), bitcoin halving and etc it should make you comfortable to have an investment in bitcoin.

Don't worry too much about it, learn more to gain money on it because it is not for investing only. Active on this forum because there is many thread who can make you comfortable.

people knew that bitcoin is volatile since it started so they assume that this volatility will remain and it wont affect bitcoins reputation  .

sometimes the prices were just unexpected  . they fall and rise verry quick and some people start to wonder and get alarmed if those unexpected events have a drawback  . in my case i am not concerned when bitcoin increases but i will only feel happy deep inside me   .  i will only be concern if its falling  even if its given that its normal 

And what price range do you consider as normal then?
I dont understand what's your concern behind the rise or fall of the btc price. Just like what you said volatility or cryptocurrency is normal. So why are your concerns when you know the price movements are just normal?
Just put it this way to avoid yourself from being bothered by the Volatility of btc, If the price will fall It's good for accumulation. And if the price will pump then that's good for selling.

Exactly! In February or march I guess ... from $4,000 surge to $13,000 before it falls down to $7,000 nearly $6,000 and now we are looking to do it again? Seems like a manipulative market in big scale isn't it?

Guess this time could reached higher up to $15,000 many of professional speaking loud about this already , are you one of them who believe at this speculation? I have really a lot of questions in my mind and thinking that this going to happen exactly the same like the previous one.

Since in last couple of weeks, bitcoin has shown some decent improvements in the values and it has stirred the era of purchases among investors of bitcoin. I am sure that if we keep purchasing bitcoin continuously, the market will not take much time in pumping. It is going to repeat 2017 in 2020 and I am going to stay confident in the tendency of bitcoin in generating huge profits.

Exactly! And why would someone has to complain about this pump and dump of bitcoin price? There's always a reason for every move of the market and it is your choice to either buy, hodl, or sell. It just takes a lot of patience when waiting for the right time to buy or sell. Bitcoin's price always fluctuate every now and then so it is normal to get concerned about the price when you are trading.

I wasn't concerned when it was a sudden fall, I am not concerned when it is a sudden rise. Bitcoin is a volatile commodity and it always goes up and down very frantically so whenever it does something crazy like this I end up liking it as much as I can. Sure, it could be stable and I would know how much I have or could have but at the same time what would be the fun in that.

The investor in me wants it to go up and down, the idealist that wants to see banks go bankrupt wants to see bitcoin stable so everyone would adopt it. It is a risky move to buy or sell bitcoin at all times, you can buy and it could go down, you can sell and it could go up but that doesn't mean that if you buy it could go up and if you sell it could go down and you would be profitable in those situations.

I don't know when you have started trading cryptocurrencies but this is just considered to be a normal movement for Bitcoin price jumps that range to over 1,000$ is something we have a chance to see everyday and I don't see anything extraordinary about it. But for sure prices we are seeing now is somehow affected by price manipulation and it's not always purely demand since a price movement created by demand doesn't move fast like this one.


Just don't get your hopes up just yet since we aren't even in a bullish market now. We might jumped by 2,000$ in just a day but we didn't get into any kind of reversal because of it. We just simply consolidated on a higher level and that's it.

Bitcoin has been like that since forever, this is something that people who have been here for long just get used to. Rather than looking at individual price jumps, we should look at historical data to analyze whether volatility is decreasing or increasing. You can't expect volatility to just disappear in one day, but if sudden price changes will have lower magnitude and become less frequent, then it would mean that Bitcoin would be more suitable as store of value and currency in the future.

I might be concerned a little about this sudden rise of Bitcoin because it always follows a correction after that. And I am not mistaken, the price may go and stop whenever it wants but the correction of price will be the real deal. Bitcoin has been always like this for a decade, everything that is happening to it there is always a pair of news that's telling because of this and that.

I won't think that was just a hype made by whales again but I'm just thinking that is to be at normal scenario/event that might happen in the market. Not pretty much worrying unless it will rise just a minute and drop again drastically, that will probably a big problem. But for now, it serves nothing, instead, we are thankful that we were able to see a few pumps after then.

I would not worry about the recent pump because this pump came after a recent dump. This is more like the correct price after the FUD caused by quantum computers fear, etc. And it was just like 2K price pump. Nothing too concerning about that movement.

Everyone should be careful when the pump came from a long consolidation then suddenly pumping 6 to 10K. That pump will most like do a correction.

The best guess for Bitcoin is always towards volatility, so it rose suddenly and it'll probably retrace those steps and test the downside also now.   We are not in a regular uptrend or downtrend so betting on range trade is probably most likely.
   It'll test the higher resistance at the top, so its most likely done that recently.   It was a sharp rise and most would say thats quite strong, so now it'll test the resolve of people to hold while we move downwards in price also, it doesnt have to just as sharp a spike down but it could mirror the price possible.    Every time I think it might hold above a certain measure it tends to push beyond that.

why are you concerned, in fact you should be happy to see the price of bitcoin began to rise again. and you shouldn't have to worry because bitcoin is like this, going up and down with time. most people invest in bitcoin because of its volatility, buying at low prices and selling at high prices. we must be good at looking for opportunities to trade bitcoin and bitcoin is not a store of value, bitcoin is a currency that can be used for alternative means of payment and also for trading and investment.

Doesn't matter since when I started this business 10 years ago or 8 years ago ... one thing that I can tell you that I've been witnessing the rise of bitcoin since it was $250 per coin ! A crazy skyrocketing from $400 to $4,000 like the flash passing by and continue rising to $20,000 which it's considered as a bubble and in the end the market falls as expected.

There's no sure pattern in bitcoin market , but this time i see it quite different... that's why i suspect some manipulative movement is being done ... whales targetting for cheap coins and they got it few months ago at around $5,000 even the dip at $35,00!!

I don't know if it is because of the quantum computers that's why there's a FUD created but as the China's president appreciating the blockchain technology might be the main reason of this sudden surge of price. And you were right, after that long bearish trend suddenly a bull run start in just a short amount of time will probably followed with a price correction.

There always a good and bad news for the rise of bitcoin and still the value is rising up and even thou it goes dow  and definitely it will bounce back, and that's why it will remain the same situation even it hits $20k there is still fuds and people will just manipulate each other to take advantage of the flow of market.

And that is the reason on why it is good to hodl more bitcoin. We don't know what will happen after halving and if the price will reach more than the ATH.

I don't care about the sudden rise of Bitcoin possibly affecting its reputation as a future global currency. The real supporters of Bitcoin do not care about it either. They will continue to buy Bitcoin, HOLD some, and use some to buy stuff. Store of value of global currency, it is always better for Bitcoin to rise and rise. It is not fiat which is slowly losing its value. This is Bitcoin. This is the new standard of money. 

All cryptocurrency holders are concerned about the sudden rise in the price of bitcoin, as you know; when bitcoin sneezes all other coins catches cold.

Btc still remain a good store of value since it is operating like any good financial instruments that react to fundamental issues then correct itself back after the storm. The recent one was caused by the chinese government, we are expecting more blockchain news that could affect btc price positively.

Sudden rise of Bitcoin is also followed by a sudden down. But the rise makes a longer candle than the fall that is why in the long run the price is still increasing little by little. This is generally better than large sudden pumps.

Bitcoin reacting to issues that relates to crypto or Bitcoin is good thing. At least it responds to the developments of the times. It cannot be that detached from the society. After all, it reacts both to positive and negative.

Bitcoin price in the market sometimes relate to news (good or bad) happening around the crypto realm but not every time and if I could remember during the previous the price of the market was not affected.
With that been said, the reason the bitcoin market and dump was because the market is always maniputed every Q4 of the year before halving year.

Our currency is controlled by government and can never be replaced by any other currency. though the technology of cryptocurrency is amazing and much secured than banks but we can't ignore the fact that it is volatile in nature and people can't use a currency that is volatile in nature every second. Due to limited supply of cryptocurrency like bitcoin, makes it inflation free but everyone wants to hold it as an investment like gold and use as a payment method for large transactions. The chances of replacing fiat currency is low (except third-world countries with hyperinflation), still cryptocurrency has a bright future and can be run parallel and change many basic concept in long term.

Of course, bitcoiners really aren't too concerned about the sudden rise of bitcoin, let me say it in a more rational way, we are concerned also can not find the correct answer because too many explanations for this increase, it could also be news, it could be manipulation, even that could be really potential bitcoin. And in the hundreds and thousands of such answers, our attention cannot contribute to the interpretation or change of anything, therefore, living on emotions and instincts, if bitcoin increases, it will be fun and vice versa

I don't agree that bitcoin or cryptocurrency security is more secure than banks. Cryptocurrency is less secure and we can lost all of our assets due to hackers, and it experienced many times from different wallets or different exchanges. And ofcourse for replacing fiat our country's government won't let this happen because they can't track their people's wealth and the people could be tax free.

I don't think you really have a problem here instead you only making things worst on your side

Bitcoin growth is still holding until now and did not even fall below 9,000$ so this means  we. Are stable at this point and about the reputation?lol bitcoin is still the most loved and trusted currency in crypto so what about that?

Just be happy about the value and the movement and stop being dramatic investor

Bitcoin rising, whether sudden or gradual, is what almost 100% of Bitcoin owners hope and pray. This is the most important thing for them. The majority of Bitcoin owners are not even concerned that they cannot use their Bitcoin in physical shops around their place. They are more concerned if the price of Bitcoin is stuck at a low level, or worse if it is falling. I guess if Bitcoin will rise, it will attract more buyers and more users.

I am sure about that. But before bitcoin rise to the higher price, bitcoin will adjust the price again so the price will be ready to increase to the next higher rate. The bitcoin owners will concern if they see bitcoin is down, and they will make prevention from losing the money, or they will still stay calm. But they do something related to the price because they still want to produce more profit from bitcoin. Of course, many of us will be happy to see a sudden increase from bitcoin price because that means we can make more profit. But that will not happen many times, so we need to prepare for the downtrend that will occur later.

This is why I don’t like talking that much about bitcoin value because people could misconstrue my word for being against cryptocurrency when it is just the reality. I am a very strong believer of bitcoin and I believe also that in future, the value of bitcoin will reach its maximum peak which will be satisfactory to all, the time and year is what is not known.

For now, I don’t see bitcoin actually growing past $20k this period because there are many investors that have already set their target for that and once bitcoin is getting to that, I expect the market to crash back before we start talking of picking up again, but if we are smart, we should not be seeing those fluctuation as threat, we should only learn how to work along with that, we buy when it is down and we sell when it is high.

What period are you talking about, if you are talking about the price rise before the new year then you cannot expect that much rise in a short period of time, before the options market started then we could have those rallies but not anymore, if you are thinking about the increase after the halving then it is possible to touch another all time high valuation and we could even see further rally.

Yeah, it really makes impossible for a big run before we end this year. We can be lucky to see that Bitcoin will even reach $12k this year.
Well, everyone is so hopeful with the positive impact of halving next year, expecting a bullish trend isn't impossible but couldn't think it hard and seriously rely on that cause we never knows and nobody sees assurance on that.

  We need to understand that the time left with bitcoin in 2019 is not enough for it to go for 15k dollars or more. But we shall expect it to reach 10k easily or beyond as it appears feasible to almost all market experts. But yeah as far as the coming year is concerned, we can expect a lot from bitcoin because by then there would be massive increase in the number of buyers of this crypto currency.

I should not be concern about the sudden rise because it's normal to this market.
This isn't the first time I saw a big pump, it happened many times in the past and this is what we called as market manipulation, no other explanation for that.

just bear with the market, it will pump and dump and that's alright as long as you know when to pull the trigger and make sure you will end up successful.
With proper timing, nothing is impossible.

Every sudden rise is normal, the same is a sudden drop. People complain too much when price rise or drops, it leads me to think that many of them made a wrong trade! I'm not concerned about these fluctuations, the market has the same behavior for years. Proper timing is just a dream to many people, they have too big expectations and they are greedy.

If bitcoin manages to reach 15k dollars by the end of 2019, then everyone will expect a lot form bitcoin in 2020. As there are few speculations about bitcoin touching 50k dollars by 2020, that could be turn into reality easily. Well everything is possible in the world of volatile crypto market but if we want to have such amazing and big results, we need to do our duties i.e. support and invest into bitcoin as much as possible.

in my opinion, an increase in price above $ 1000 in a short time is an uncommon thing, it can not be seen every day, even the price of bitcoin tends to fall from day to day even though the decline is small, and experienced a small increase to reduce it.

but I am also not sure that this is manipulation, I prefer that this is a pure increase from the results of requests and needs. I think something like that will come back in the near future this year.
if it's too late to notice an increase that occurred suddenly a few weeks ago, then you can pay attention to the increase that occurred in the future.

To consider these pumps as manipulations is easy but it is really possible to figure out which exchanges are behind these manipulations but i am not seeing those investigations coming out, since everything will be transparent in the future when the authorities strictly comply with KYC then anything you do will have consequences. I am not concerned with the sudden rise and fall of bitcoin as i am waiting for the big rally after the halving.

In general its not good when an asset increases way too fast and it can quickly lead to the projects death in doing so.

You need to understand that its not normal for an asset to go from $1000 to $20000 in less than a year. Let alone $10 to $1400 (ETH) or XRP which was even more parabolic?

Why? Because people will see that BTC is going up 20% everyday and think "Oh my, I need to get in on this". And you will always get late FOMOs and basically there will be massive demand on a very thin supply which is what happened back in Q4 2017. There were exchanges and Bitcoin ATMs which ran out of BTC to sell pretty much.

So these people pay these inflated prices and then it stops rising and stops dropping, losing 5% in a day, then another 5%, then another 5% and the panic of the late FOMOs starts and they start to sell. It makes no sense but its common psychology in investing and it might lead to the asset going from $20000 to $3000 or from $1400 to $80 which is what happened in about a years time.

Hence in my opinion its better if it slowly rises than parabolically because the bear markets will be brutal for most.

Slow moon is the best moon.

The ideal is a very gradual slide upwards like 2016 that eventually curves into a parabolic run. You can't avoid the eventual vertical move though. Strong bull markets simply tend towards blow-off tops. It's a matter of market psychology. Buyers front run any market that is constantly uptrending, causing the uptrend to accelerate.

That growth was manipulated, when the growth is real you can see a slow increase in the price and a slow increase in the volume as well, and we saw that during this year, the growth we witnessed presented a huge increase in the volume and since then it has been going down together with the price, I do not see this changing and most likely we are heading back to where the movement started.

Then you may wonder why this happened? And I interpret this as an attempt of the exchanges to revive the market but so far it seems they failed in their objective to make the price to sustain those levels.