Bitcoin Forum

how in the world is btc at $12.303,28?

https://coinmarketcap.com/currencies/bitcoin/

there is nothing ,absolutely nothing to make btc from technical point worth so much ...

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

I really hope i am not right about what i think it is as we will see btc worth 1-2 usd

And ethereum at $429,87 ....

Are people that stupid to forget that in March btc was at  8000 usd and eth  was at 130 usd .... ?

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Well if you guys say  bitcoin is a "investment" good luck with it...i am out of btc world ...as bitcoin is no longer a currency .

Hi man, I'm starting to think you are a troll.

Of course bitcoin is not used a lot to buy goods and services. The point is that it is the best reserve of value in the world. Until recently, the best reserve of value was gold and some people think gold is better than bitcoin because it has been a store of value for thousands of years, while bitcoin is only 12 years old.

But try to escape to another country with a million dollars in bitcoin and then try it with a million dollars in gold as well. Then you come and tell us the difference.

so you pick eth over btc.

thats cool 😎 pick any coin you want.

i like doge a lot.

oh please correct. your btc price for march as its low for march was

3900 it is now 12300 more then 3x the price.


eth’s  low was 90 its is now 430  which is more than 4x

so it  has a little better jump then btc not as much as you said.

You can move your money using eth,ltc or any other crypto ...that does not justify the increase in price of a crypto

When price of something increases means that there is more demand for that thing ...

How much demand can it be for crypto if there is no liquidity ... has zero use beside speculation,gambling,and money laundering .

I f..king build bitcoin and eth trading platforms ...when you build a trading platform then call me a troll ...

What i am saying is that it is false demand and some jerks are pumping the price ... question is how ? How is manipulating the crypto market ... ?

Don't be late in the party man, once btc reaches another all time high in the next two years, you are still going to be amazed and ask the same question. So if I'm in your shoes and since you are in a bitcoin talk community, I would rather invest on it, instead of questioning where is all the money is coming from. Don't be that person in the next coming years that will be full of regrets for not jumping early.  :)

The use of the currency in buying/selling does not determine its price, but rather a measure of supply and demand, as long as there is a demand(who are willing to pay 12,000 dollars to get one bitcoin,) the price will keep increasing.
Note that the supply is limited and controlled, the market is very small, and the price fluctuations made BTC an investment rather than a currency, so I do not think that not using it in buying and selling is a problem.

No one using bitcoin to buy things does not mean it has no value. People still put their fate in this digital asset. For a 12-year-old asset, it has made a huge change to our world and our perception in recent years. While cash has existed over hundreds of years, Bitcoin and other cryptocurrencies are doing their best to be adopted. And there is no doubt that they are doing really great

Using bitcoin on an exchange or a broker is a way of buy/sell things with bitcoin. As long as people trade this coin, bitcoin will still have the value and I can ensure that it can go even further in the future. You need to know that the online gambling industry is developing really fast with the help of cryptocurrency. More and more people are utilizing the decentralization and the anonymity of bitcoin to prevent the government from tracing their footprint while playing poker on the Internet

- In case you missed the news:-

https://www.zerohedge.com/crypto/usps-just-filed-patent-blockchain-based-secure-voting-system

The USPS Just Filed A Patent For A Blockchain-Based Secure-Voting System

- My business is dead without btc, I'm totally dependent on it. I can't send one $ out of my country.

You sure? I did use it to pay for things that I want online and at the same time, I'm also holding. What's matter if we do what we want with the bitcoins we own?
OK.
Did we forget bitcoin was on the line of $3,000 on 2018?

I didn't think I had to explain you that most shitcoins like eth are centralized and that ltc is just a copy of bitcoin so people prefer the original. Bitcoin solved the byzantine generals problem, it has the most secure network, it uses POW and so on.


I partially agree that some of the volume might be manipulated but LOL you think speculation, gambling and money laundering don't bring any liquidity to the Bitcoin market? There are around 300k daily bitcoin transactions. That doesn't sound to me like there is no liquidity and there is no use for bitcoin.


I don't call you a troll. It is evident that you are.  

When you get profits from those platforms are you going to socialize them?

USA will survive the economic crisis if it becomes a socialist country. (https://bitcointalk.org/index.php?topic=5268881.msg54996053#msg54996053)

It's time for EUROPE to become SOCIALIST. (https://bitcointalk.org/index.php?topic=5268404.msg54983483#msg54983483)

A socialist trying to profit from speculation. LOL.

Really I wonder why this question is asked.
There was a halving event around May that happened.
At that time we didn't see such an impact on the Bitcoin price it was pretty much stable. Now it is normal that the price is increasing considering the fact that BTC is more rare now.

dude from technical point bitcoin is a shit coin ... there are others better ... the blockchain sucks as it grows in time ,transactions takes a long time to confirm , it's hard to mine and people don't even consider it a currency anymore they think it's a investment ( and they don't know shit about investments ...what they do is called speculation ) .

"An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative." --- Benjamin Graham

I am out of btc economics area as you guys don't know the diff between speculation and investment....

This is wrong in so many levels. Because for starters.. Many actually do. I did like a month ago, although true that's a rare occasion as I mostly hold. But trust me, btc is used for goods/services everyday. 

Also, I can similarly say "nobody is using gold to buy goods/services " so why is it worth so much?

LOL

No comment.

I'm glad to see some anti bitcoin since I've been seeing a lot of posters bullish on bitcoin so far.
This make my day, $1 usd to $2 usd, are you kidding?

I understand that we can't control the price as it's very much unpredictable, but at least be realistic with your price, we are not in the early stage amigo.

And to ring your bell, bitcoin's ATH was almost $20,000 so $12k is not a surprised.

Reminds me of the spike we had in 2016, immediately after the block reward halving. This time also, the spike has started a few months after the block reward halving event. And if the same trend continues, then by the end of 2021, we have a new ATH. To remind everyone, the prices increased from $200 per coin to around $900 per coin in 2016, and the next year it further went up from $900 to $20,000.

You did not give us a stat to back up your claim I just paid my hosting subscription on name cheap using Bitcoin and if there are no services or products bought using Bitcoin or other Cryptocurrencies then companies will stop using Cryptocurrencies in fact it's the other way around companies are adding Cryptocurrencies as one of their mode of payment.

Yeah there is still so much room for bitcoins to rise. And the March drop in prices was because of the worldwide pandemic, no one knew what was going to happen. A classic panic sell - which is not justified. One day it seems the world is about to end and once the government reassures everyone with the printing press, people relax again. It feels like the OP is a little mad the prices keep going up. Maybe he sold all his holdings in March and was hoping for the price to drop further. I would not worry so much about the prices every day. Long term outlook for bitcoins is upwards. Better to hold than sell in my opinion.

Just like what others say,

History repeats itself. What we are experiencing right now is what also happened before. Though, the price is not the same, but how it moves in the market is really the same. If this really continues to become the same as what we have experienced before, then the new ath will really come.

Technically there's nothing happened is an untrue statement. Do you know how much USD was added in US economy? I think you do. This has certainly affect on BTC price and other commodities price, do not you think that? I think that is the most appropriate reason behind the pump. However, this can be a manipulation too.

I have a feeling that the liquidity is much lower than what everyone is expecting. Else why should the prices rise every time after the block reward halving? It looks to me that a scarcity in the demand has been created in the market, as a result of less coins being freshly mined. And this in turn is disrupting the demand-supply equilibrium, and thereby pushing the prices upward.

Is you booze business going to suffer because the price of bitcoin is rising  :P.
Wait for the blood bath calculation, if you are long as the accounts says these things are not surprising
The citation is given below from your other thread :P.



Who cares if people are hording and there is no order in your bucket shop. The market will move higher as long as there is demand and people are investing in it.
 
No one is forcing anyone to stay and invest in bitcoin. Your account is from 2014 and it looks like you have not seen these things in the past or were you in a comma during that time ::).

you offering your service as what we see on your sig ? did you accept clients but they dont use thier btc ? or you mean you dont recieve clients at all  . they arent the same  . dont you know that i do use my btc , not only me but my friends as well .  you wont tell that if people use thier btc or not just by basing on your orders  .

btc is still a currency and that wont change no matter what people do with thier btc .

Bitcoin is actually being used as a payment for commodities and services in the Philippines (I personally use it). There's also a case of DeFi having a lot of attentions due to the fact that it is helping a lot of people cope with the pandemic. Also, the hype of ETH 2.0 probably helped pump Bitcoin to this price. Not only that, a lot of pro-Bitcoin countries are regulating Bitcoin, for example this (https://cointelegraph.com/news/south-korean-beachgoers-can-now-use-bitcoin-to-pay-for-services) and this (https://news.bitcoin.com/south-korea-to-charge-20-tax-on-bitcoin-profits-under-new-law/).

First, it was jobs and then different negative threads.
Yeah, I have seen your threads and all I can see is a pessimistic view of everything.
Dude, not everything revolves just for you.

There are so many ways the price of bitcoin could be pumped. In fact, we cannot even pinpoint where it is coming from. Right?
Ethereum? Yeah, I support that project too and in fact, I use it more because of the cheap tx fee.
But, I won't even know the existence of Ethereum without Bitcoin. Have you ever wondered if others walk the same path I did? I bet there are many of them.

And it also reminds us of many negative people back then, even since the beginning of bitcoin, and yet they really missed the boat while others become millionaires by 2017. I know one personally, just spoke to him a couple of days ago in facebook. Now he envy his office mates who became millionaires now, Lol.

So this cycle will continue, and when we hits another ATH, we will see what they are going to say then. There are a lot of used for bitcoin, specially in third world countries or those who are under a oppressive regime.

^ The fact that you say, "Nobody is using their btc to buy goods/services" makes it "The Fact" that you are not checking the goods and services section?
Are you aware that most of the trusted campaign managers are paid via BTC with the service they offer?
Nevertheless, if you want to have clients make sure that your marketing skills are enough to attract sure clients and for record hoarding is the best skill eventually.

Well, it's probably you / your goods or services. There are plenty of people spending BTC on plenty of things.
Our sales have been staying at the same % of crypto vs fiat through the last 20 months.

Much like any other thing, if it's not for you that's fine. But to say it's not worth it from a "technical point" just shows ignorance of what technical point means.
If I have 1BTC and someone is willing to give me something that they feel is worth $12,300 for it then to them it's worth $12,300 nothing else matters.

If I feel I am better off keeping the 1BTC because I feel it will be worth more later then nothing else matters.

Once large numbers of people feel that way with something then that's how much that thing is worth.

Same with gold. Same with anything.

-Dave

@ spy100

you are wrong on many levels. Here are some reasons why I think you are wrong.
 A) there is not much of these laying around
 B) if the FUD of the 2020 USA election increases both the left and the right that have money will want coins in case the other side wins the election.
 C) BTC asic mining has the ability to turn power into wealth  this means anyone with cheap power can become wealthy with btc.

Here is an example for letter c I know of a home for sale in NJ it has 10 acres and a rentable fixed up home. The rent would carry the sale price of 320k along with the taxes.

price is 320k

It has solar  and it has a 300 foot long chicken coop that could hold 200kwatt in solar panels. the power company does not let you hook that up to the grid unless you have a demand. Enter mining you spend some money on used asics to mine btc. Power company sees the demand lets you build the solar array.

BTC asic gear created this opportunity it is a real legit business plan that would work for the right investor.

D) world wide governments are printing a lot of money due to covid. Only 21million btc is going to be printed so it is rare.

E) Many commercial freezers in the USA are shut down due to covid shutdowns. Many warehouses prepaid 1,2,3 years of power to run those freezers. They rented them to restaurants meat suppliers etc.  So you now have a lot of prepaid power contracts. Here comes asic mining to the rescue. Since BTC is the easiest coin to exchange and has a ton of shutdown asic gear. It Naturally is used as first choice.

F) BTC is small. $225,743,585,119.00 this is not a lot of money. It comes to under 800 a USA citizen 333million x 800 = 266,400,000,000

The USA government gave away 400,000,000,000 incentive money and more then 500,000,000,000 in extra unemployment this year due to covid

that is over 900 billion compared to 225 billion.  
what does this mean a lot of wealth can be transferred to BTC and it is happening due to Covid fears and USA 2020 election fears.
people consider it to be more secure then eth  as eth is centrally run by 1 guy.

While I mention the USA giving away 900+ billion many other countries are doing the same thing. Many people fear fiat or cash may drop its value world wide.
So flight to BTC is happening.

Truth is you don’t know what you’re talking about. I personally use bitcoin all the time to pay for things. Also, technically bitcoin isn’t an investment, it’s a currency.  If Ethereum was so great it would be more popular.

I guess OP is hoping bitcoin to drop that low because he is looking for an opportunity to fill his bags, lol..
Bitcoin ain't going down that low, best opportunity to accumulate bitcoin has already passed, and that is when bitcoin dump early this year.

We can check the YTD graph (https://coinmarketcap.com/currencies/bitcoin/),and we can see that bitcoin dropped $5k this year, that's the only opportunity for accumulation so far if one is investing for short term.

The value of bitcoin is not just when you can use it to buy goods and services. There are other things which is more than using it for payments. Before end of this year you become amazed if bitcoin price will reach again new ATH. Well,there is nothing wrong if you choose other digital currency to invest over bitcoin because we have a freedom to choose what we want. Bitcoin,ethereum,xrp,ltc,doge whatever....invest at your own risk.

what has happened to bitcoin is a blessing for those who hold it, if you don't hold it, that is because you can't enjoy what has happened with bitcoin.
Let those who have held bitcoin for a long time now enjoy what has happened. I myself can only pay attention because I also do not have.

a better question is why is a shitcoin that is fully centralized and is riddled with lots of bugs and is called ethereum is still alive if not for the pump and dumps they keep doing.

otherwise a currency such as bitcoin that is used by lots of people to buy lots of things every day is very undervalued at $12k price. literary millions of dollars worth of merchandise is being purchased using bitcoin every day.

It is like you do not study the previous bull runs. If the price of bitcoin can continue to increase during this period that every country is complaining of the hardship due to the pandemic then you should have known the rise in price is another form of manipulation. Check the cryptowhale on twitter and collect the statistics of stablecoin that are being minted and those transfer to the exchange platform, especially Binance and Huobi, then you will understand where the pump is coming from even though the transaction fee is getting high.

It seems to me that you concentrate too much on the why and the how things happen instead of concentrating yourself in what is happening? The short term fluctuations of bitcoin do not really have to make a lot of sense and this is true not only for bitcoin but for any asset, if for whatever reason you do not like it then you can stay out of it, you are not obliged to participate in it.

For what I can see in your posts history this is a tendency in you, stop worrying about the things that you do not control because it doesn't matter what you think bitcoin is going to continue to move according to the supply and demand and if people keep buying bitcoin for a price above 12000 then that is their choice.

You seem not to understand that there are some market trend no technical analysis will see or know what actually cause. Besides, people are holding while the whales are accumulating more crypto and I will advise you to join whales alert so you can informed about whales buys/sells.

Welcome to the crypto world !

Even Vitalik will never expect such situations occur.


They are not stupid but after bitcoin halving bullish market is expected.

Bitcoin is a currency and also an investment but just because youre merchant or have a store where you accept bitcoin as payment and none of clients pay with bitcoin doesn't mean bitcoin shouldn't surge above $11K cause thats a sign that people choose to hold than spend it mind you the price of the market depend on the level of market demand and supply.

Key word in the USPS voting patent is blockchain. That does not mean it has anything to do with the BTC blockchain and no doubt will be using a privately ran network chain that is contracted by the government. As such, it has zero bearing on BTC value and usage.

Bitcoin does make this incredible big moves higher levels time to time and that is what matters right now, to make it go above and make it stick there for a while.

I am glad that bitcoin actually moved to higher levels, I have been wanting for it to move that way for a while but it was stuck at around 11.7k or so range for the longest time, before that it was around 9.5k range and stuck there, if the price sticks above 12k levels and not go down and stay there, that means price would probably go higher once again and make it to higher levels, that is what matters right now, will it go down with a correction or will it be stuck at 12k+ price like it was stuck with the other prices? I don't know which one will happen but I do want price go higher eventually.

Speculation can raise BTC but also the decline in dollar has some part of it.   I'm interested in the OP business and relevant sector to crypto, if your product is digital and people dont want to use BTC at all then Iam surprised but I really need to see the original context to fully consider your point.   The obvious counter is dollar is also digital and still convenient especially if your customers have dollar then why not, where as a global audience might more easily use BTC.   I take your general point that BTC business has not risen enough, likely you are correct and alot is anticipated but not yet occuring.

It's a currency for me  you just did not stumble or look for enough marketplace companies that accepts Cryptocurrrency and we are only at $12 k and yet you are already saying good bye, you are going to definitely missed making a profit when Bitcoin hit another all time high.

So be it if you do look bitcoin this way and also it isnt really just set out on stone to be a currency yet we know that it can be either both at the same time .Digital currency + Investment.
You cant force out people on how they do gonna handle out their coins neither they would actively spend it or hoard it since they do know the price increase potential and also asking on how in the world it did happen? then if you've been here on this market for a while now then you wont get shocked into this kind of scenario or situation.Price can shoot up even on a matter of seconds and all technical analysis would be blown out since these are not precise indicators that will give out precise predictions towards future prices.

I don’t know for you, but I have worked with two companies recently which I got in contact with on LinkedIn and they both paid me in Bitcoin. One of the two companies allows their employees to work remotely, and it’s a company that is located in Ireland and they pay their staff with Bitcoin and PayPal.

This is a company with over a hundred employees working remotely, and imagine how much they will be sending out every month using bitcoin. That you haven’t gotten a client that pays you with Bitcoin doesn’t mean that there are none of them paying with Bitcoin, no there are many of them. And it’s not all about waiting for when clients will pay you with Bitcoin, you and your friends can also use it. It’s all your choice on whatever decision you want to make.

Currency or not I know a lot of people that earned something out of Bitcoin.

It is not something that they just earned but it also helped them when they are in their low point. I know that it is not literally Bitcoin's help, it is them but what I'm saying is that there are also those people that wanted to have some profit especially these hard times. Other people follow, demand goes higher, hence making those movements that may cause these pumps. These people are also merchants and own a store, they also considered accepting Bitcoin, although they are not that much but still, it is something.

I can't blame OP if he is upset with the current path btc walking through. I admit that as time goes by it becomes more of a money than a currency. I'm not saying I hate it either, actually it's fine with me because I'm able to make profits. Hmm, I'm just wondering why seems OP doesn't learned to enjoy such opportunity.

But if you would imagine, btc's vision of cashless P2P transaction doesn't vanished, the progress is just slow since the majority are too focused harnessing its store of value feature. Nonetheless, it was there. Though few, you can still find stores and services that accept btc payments. Everyone should only be courageous to establish their own or at least find one nearby :).

ltc and doge very secure they are decentralized to some degree and have a lot of asics backing them.

btc = 10000 usd treasury bill
ltc = 500 to 10000 dollar sale
doge = 1 to 500 dollar sale.

if you use the three above you have a safe effective system for financial transactions of all sizes.

just picking a shitcoin like ETH make this thread a troll

To your great regret (obviously) nothing apocalyptic has happened from what you have been poisoning the forum for months, so now you wonder how it is possible that the price is just that high?

If you deal a little less with apocalyptic theories, and read some true and real news, then you wouldn't ask why the price of BTC is above $12k. Have you perhaps heard of halving, Grayscale or Microstrategy? Maybe about US banks now can provide cryptocurrency custody services?

The fact that no one pays for your service with BTC is just a sign that you are not promoting your service in a good way, not that BTC has stopped being a currency.

Price 10k or 20k is not very important. Importantly, they are profitable for the investors. If bitcoin is so high that everyone is profitable, they'll all sell. Some people will think that the price is low and keep buying. Professional users of leverage love trading as bitcoin goes up and down. Volume matters in my opinion. As bitcoin has larger transaction volume, I am sure the market has put its faith in bitcoin and the crypto market.
Bitcoin is currently below $ 12k. When I look at the chart I realize that it is just a game of inflating prices and taking profits quickly.

Poisoning my ass ... dude when you played with your toys in the sand i was mining bitcoin with my desktop pc ...i don't think you ever heard of desktop pc's ...

you guys was lucky that i was out of the btc world for 5 years as i was doing something else ...The original bitcoin was not intended to be used by banks , centralized platforms or stuff like that ...  it was meant to be a decentralized cryto currency

Now your doing the opposite your centralizing it and turned it in to a Ponzi Scheme ,Pyramidal Game ... well good luck with your investment ... i am out of btc world, going to use paypal ,eth ,wu,mg,bank transfer as it's cheaper then bitcoin for me and my clients.

https://bitcoin.org/bitcoin.pdf

read the whitepaper ...before you talk as so called btc experts ...

^ Price/value is subjective. You might feel $12k is too much, but there are many brainwashed people that feel the price would be one million $. At the end of the day, it's all depends on the perception of the masses. Your decision as an individual does not affect BTC price, but collective decision will.

Sorry OP, but I do think the same too. You've been creating topics almost everyday without thinking it to yourself.

You are questioning why bitcoin isn't use to pay for services or products when you know it is volatile, and still cash is the best option for getting it done.

You start questioning things after you have been gone for 5 years,telling us that we're lucky coz you've been out for 5 years? how is that supposed to mean? Are you something else that we should be proud of being in here?

The basic supply and demand law will simply answer your question why in the world bitcoin is at $12,000.

Anyone can create as many topics as they want ... if you don't like it go to another forum ... this ain't your private chat room ... it's a forum .

Given your current attitude, I wouldn't be surprised if you're still playing with toys in the sand - and that I've never heard of a desktop PC I won't even comment, I even have a few old models over 20 years old.


I agree we were happy you weren't here, because apart from burying this board with an incredible amount of worthless garbage, your contribution to the forum is zero.


I am glad that we are getting rid of rotten apples, especially those who do not know how the fees work, so they pay 50 times more than they should. Your clients seem to be very desperate and undemanding people, my condolences to all of them for having to work with a person like you...

how in the world is gold at $1957,20 USD?
there is nothing ,absolutely nothing to make btc from technical point worth so much ...

Nobody is using their gold to buy goods/services ,i know do to fact i am accepting gold and no clients via btc this month ...zero orders via gold. No real liquidity ..people are just hording.

I really hope i am not right about what i think it is as we will see gold worth 1-2 usd

And platinum at $2000....

Are people that stupid to forget that in March gold was at  1475 usd and platinum was at 590 usd .... ?

_______________________________________________________________________________ _____________

Does it remind you of anything?

lol, so you have been for years and now suddenly BTC is not worth the money and your time. Suddenly the price is too high. Just take a look at Tesla and Apple they are overvalued as well! Yes, btc is overvalued but it is not suprise.

You sound like a confused person. Okay, let me guess, you started making use of Bitcoin when it was at the rate of $8,000?

Because I’m saying this based on the way you have explained it here. So, you didn’t know that there was a time Bitcoin was worth less than a dollar before getting to that $8,000 you’re talking, and you never bothered asking yourself how it even got to that amount from nothing?

You’re just confused and you don’t even know a thing about Bitcoin, I can see that, if you do you wouldn’t be saying this.

Anyway, making use of Bitcoin is not by force, the same way you have made up your mind to leave there are also people that left, but that never stopped he growth of Bitcoin.

It's cycle dude.
It is very normal for BTC to hit that rate and may be higher. Just see on the market chart. Although probably the news may also give the influence to the BTC price. But mostly, the market has its own change. In this case, never panic every time the price is down or up. But in this case, let's follow the market of BTC and find the chance to make profits every time you make it.

If this was conclusively proved it would be more useful to note and might be a good resource especially over time.   I think the quickest reference I've seen done of this nature is by checking google search activity for crypto and BTC and see if at least the audience interest is gaining.   I do agree volume counts for alot but also traders tell me many times only price pays, in that the price trading for a high you dont believe in does not disqualify it from being capable of rising further.
  The main problem is considering currencies a fixed unit or ratio of exchange, its been a long time since dollar kept a steady value.  It might be slower then BTC in its change but the biggest clue to alterations in prices is to consider the bias or trend in change for that unit and over time dollars decline hence prices will rise and are correct to do so.   I only really believe the large estimations for BTC can be true if the system improves and builds upon its transaction capability.

Then why still posting about BTC if you are really out of it?Let us do what we want and you as well because we don't need your concern as we already know what we are doing,i don't know if you know what you are saying here.
and there are some Big investors that enters the market again,maybe those are the past investors that waits for right timing like now.

look how the market stays in 5 digits value.
OP had already decided,He is Out of BTC and maybe ETH also,and he may choose shitcoin over Bitcoin.

The funny part about what OP has said is that posts like that were made every single year in Bitcoin's history.
"how the hell it is worth $1k when just 2 years ago I was selling for $10? There's nothing that would explain such growh in value! Nobody is using it!"
FYI nobody is using gold to buy things in a store too.

Usually people who miss the train try to share their regrets with the rest of us in the form of "Why the hell is this happening? It's unfair"

Indeed, usually people never think that it will pumps rather than think about that it sinks. I can't imagine why most people never buy Bitcoin during the bear season but they come out when it started to move high. That's a big mistake.

Just like it happened last 2017 Bullrun, a lot of people missed that train and it comes to the point that it happens again this time. Really it is unfair! Because in the first place, they always think negatively about crypto rather be an optimistic individual. If they are of regrets this time, then have to blame themselves first rather than saying that the market is so UNFAIR.

Please if you choose to leave the Bitcoin world, no one forces you to invest in Bitcoin. I am, after all knowing that currently Bitcoin
does not function as a currency, because it is true that people rarely use Bitcoin to buy goods or services. But no one can predict
the future, I still believe that one day Bitcoin will become a global currency. All we need is to be patient, so I won't be influenced
by your opinion about Bitcoin. Because I will keep collecting as much Bitcoin as possible.

Yes. Bitcoin will be having its own ups and downs in the future. But if you stay put, then you will be rewarded in the end. The trick is not to fell victim to the FUD floating around. Be patient, hold your coins for the long term and ignore the FUD. Bitcoin is something that can never be destroyed. So you may get good returns sooner or later. Only thing that you need to do is to trust the concept of cryptocurrency.

Relax dude, we need some haters, like we need some dumpers to make bitcoin stronger. Everyone has their own opinion, they are in crypto and we are not bias here so we accept crypto enthusiast and crypto haters, besides if they like to get involve they can just play the game, and that is shorting bitcoin all the time.

Sometimes they only see from the lowering session how to correct and not panic at that time and the current condition of bitcoin for me is quite stable maybe this increase will continue until the end of this year, I won't see bad news because it will affect me when I see Fill in it and stay in the position of what I do to be used to generate income from every time I buy and sell.
12k-13k will soon be reached, no need to panic, it will cause great jealousy and destroy your confidence.

Without any seller we wouldn't see any real bitcoin prices. Imagine everyone would just mine coins and hold them. There would be ciculation. We need an active bitcoin market to attract more people. It is good that people use coins to buy things and exchange them for FIAT. Trading bitcoins is actually fun. Unfortunately I don't have the time at the moment to go back to intra day trading of bitcoins. But the more people buy and sell bitcoins the bigger the market will become. We want people to have different opinions about the value of bitcoins.

Yeah, why do people think about bitcoin price like it is a product. I mean just because there are traders out there who wants to make it high, doesn't mean that there needs to be some other reason to make it high. If traders wants to make it high, they can make it high, if they want to make it low they can make it low and that is literally all we need about bitcoin to be up or down.

At one point traders said that they rather buy more than they sell and that is why bitcoin price reached above $12.3k and after that there was a change in logic and they said they rather sell more than they buy and price went to $11.5k and that is ONLY thing needed to make the bitcoin price change and that is the only thing that matters. Market knows this very well, hopefully other people will realize it as well.

Do you understand Bitcoin at all? After reading this I checked your profile to see your rank, because I thought you were still a noob that doesn’t understand a thing about the market, not knowing you’re even a senior member. So, you don’t know that Bitcoin relies on trust?

Okay, I know what you’re trying to say is on manipulation, and that’s something everyone has known for quite long now and Bitcoin is getting pass that level, unless altcoins, they are the ones that can easily be manipulated by anyone. The price of Bitcoin reached this level because people are buying more of Bitcoin. There are lots of things that shows people’s interest in BTC if you have been up to date recently.

This, the price of something is always subjective and it is decided entirely by what people want to pay for it, is a work of art worth hundreds of millions of dollars? For some people it is and since they have the money to pay then that is the valuation the work of art gets and the same is true for bitcoin, it is obvious that many people around the world cannot understand how something that you cannot touch and that is completely digital can be worth 11,400 dollars but that is the way the supply and demand works.

People think that the price of bitcoin will go up very rapidly during the next years, and whether this is happens or not this belief is having a huge impact on the price and will keep doing so for the foreseeable future.