Question to Those Talking and Speculating About BTC Price

[jerry0]

So there are many threads here where people who ask does anyone think btc will hit this amount in so and so etc.  Such as it could be a few year from now or even a week etc.  Or even talking about price speculation in one day etc.


I notice they also do this on tv with cnbc with btc where they talk about btc price hitting so and so and other predictions.



I have few questions on this.



1.  If someone is holding btc, does it really matter since the price keeps fluctuating assuming you are not selling anytime soon?  I use to think man btc went up or went down this much recently.  But if you have no plans to sell it until a long time or it hit a certain number, then does it matter unless it hit that number you want?


2.  The discussion about btc price on cnbc and with posters here.  They would talk about how btc dropped on cnbc with the prices.  I mean this really affects people who daytrade or swing traders right?  Because if someone is daytrading, obviously prices of btc at any time counts.  If you are a holder, well it doesn't that matter that much if it goes up 1k here and then drops 1k here right?  Also people here who ask does anyone here think btc will hit 15k or 20k again even though it has already hit it once.  Are these people traders?  Because if you are holders, unless you are picking that price to sell btc at, does it really have that big of an effect if you are not selling at those prices?  People on cnbc they keep talking about btc price and how much it dropped etc.  Well i guess this is because thats for mainly traders right?  Because do holders care as much as traders?  So many people ask here will btc hit x price.  But are these people going to sell at x price?  Because if not that, is it wrong me for to ask then whats really the point of asking if it will hit x price?  But im more interested to know about them talking about this on cnbc when they say how btc has dropped x amount today in the markets etc.  Because when they say markets, they clearly are talking to traders right?

[HabBear]

Two responses for you...

(1) Everyone has their price. Sure, some people say they will hold for ever...they're hodlers. But everyone has a price at which they'd love to sell their bitcoin to buy something they may need, if not something practical than the Lamborghini that proves "they made it!"

(2) People don't like to lose their bet. Therefore, most people are very concerned with the price behavior, regardless of whether they're hodling or trading, they want to be reassured that they made the right decision.

Stop putting so much weight in what CNBC has to say, they're usually at least a day behind the action.

[franky1]

most peoples predictions are based on a multiple of the price they bought at.. EG someone who bought lat at $15k will say it wil be at $30k

the multples are usually if they invested more then $10k they want double. if they invested undr $1k they want mor multiples.
the ones that scream $1mill btc are usually the ones that only invested enough to buy a single bitcoin and are hoping to become millionaires.
the ones that scream $15k-$60k by year end bought more then 1 bitcoin but they are not looking for a 100x multiple they just want double to triple

but as my first sentance said most are just throwing out prices based on the cost of their own investment, multipled by Xfactor and at a date that they want to see the price as thats when they themselves want to exit.

..
however there is actually some maths can can contribute to working out a good baseline support of a futur price. .. by this i do not mean speculating a new radical ATH.i mean working out the future cost of obtaining the coin at its bottom price befor people refuse to sell. (base support)

we have seen 2016 notdrop below $300. 2017 not drop below $900 and 2018 so far not drop below $6k.. and there is a reason for this bottom line value.
once you can work out what makes up the dcisions people make to not sell for less (cost of obtaining) you will s it too. and then you too can calculate the future costs to see whre some support lines will lay in the future

[coin_maker]

Holding doesn't mean that they will hold it forever. They are holding it till they are earning optimal amount as profit. As your second question concerns the dropped price has no specific reason to mention. So people are curious about the price rise and looking forward to it.

[salinagomez]

In the cryptocurrency world each and every perason who holds a bitcoin has a definite price for it. The price at which they will sell their bitcoin to buy their beloved desire. Maximum bitcoin holders want to sell their bitcoin at multiple of the price the bought it.

[butka]

1.  If someone is holding btc, does it really matter since the price keeps fluctuating assuming you are not selling anytime soon? 

Exactly right. It doesn't matter much. The price may keep fluctuating as much as it wants, but if you are convinced that bitcoin is destined to become the store of value that it is, then it doesn't matter much.

I mean this really affects people who daytrade or swing traders right?  Because if someone is daytrading, obviously prices of btc at any time counts. 

If you are a trader (a good trader, that is), then such huge swings, if anything, should be a positive thing because they bring the opportunity to make more money.

(1) Everyone has their price. Sure, some people say they will hold for ever...they're hodlers. But everyone has a price at which they'd love to sell their bitcoin to buy something they may need, if not something practical than the Lamborghini that proves "they made it!"

This is a good point. No one is holding just for the sake of holding. At one point, we would all want to sell to fulfill some need. So, if the price prediction for the next 10, 20, or 30 years turn out to be true, probably only the really wealthy ones would end up holding bitcion.

[BrewMaster]

the only thing you need to keep in mind when reading the topics around here is that most of them are started by people who have lost money because of the price drop and also because they made bad decisions. and it didn't stop there, most of them are in panic mode because they were expecting to become rich and expected the price to ALWAYS go up 100% per month and since that didn't happen they are confused.

[butka]

most of them are in panic mode because they were expecting to become rich and expected the price to ALWAYS go up 100% per month and since that didn't happen they are confused.

That's a good reminder to invest only the amount of money you can stand to lose. And when you invest, forget about your investment the next couple of years. Otherwise, you will be in a constant stress mode. The time to quickly earn a lot (exponentially) is long gone. Other than that, it's worth reminding that the same people who panic sell now will be buying again in a couple of months when the price starts to rise. Hard to beat human nature.

[DanyJr]

We all know BTC is the best crypto in the world. Price fluctuation is not happening with this coin. Bitcoins prices are always favorable for the customers. That’s why they can forecast the bitcoins price.

[PaulTrace]

Basically Holding concept is fully from stck market which we invest in real life based on this questions many crypto’s are available they are giving different types of benefits which have different value also btc price is also low in the market and this may increase soon but selling coin at this moment may give you low cost .

[Tmcrypto]

Firstly, if you are planning on holding bitcoin for long term investment, then it does not matter if the price falls or rises. For long term investments you need to hold the coins no matter what Secondly, yes, they are talking about traders.

[freesia_pnp888]

Those who hold, are those who don't wanna sell their BTC for cheap durin crisis, and imo, they're more likely real bitcoiners. It's what you should be clear first.