BITCOIN PRICE FLAUCTUATIONS

[Barinekapaul]

The stability of Bitcoin for the past months has been a thing that predicting the next price or range is becoming difficult.
Getting the right value for Bitcoin is hard as they are seen to be in fluctuations since the price is seeing to increase and decrease within the shortest possible time.
These trends are seen in different platforms where they are ben traded, as there was an upward positive trend in the early part of this week making people that deal on crypto and other digital currencies to be asking or have some questions running in their head such as:

1. How can we trust the genuity that bitcoing will attain the height proposed for it?
2. This fluctuations observed in bitcoin, can it make it stand the test of other currency?
3. The irregularity and unstable price of it observed, can it still make it the world's best currency which will be widely accepted?

Oh yes, with all this questions running in the mind of investors, there is still an assurance that the bitcoin we know and are trading will still retain it's place and make more wave than the previous trend which has been.
There is no need for panic or any though a change has been seen in the trend from ($47,000) to ($51,600) in the early hours of today but has reduced to a margin of about ($46-47k) again within the same time.
However, there are projections of bitcoin having a robots and rapid positive increase in the recent days and weeks to come, thus restoring hop to investors who has lost it already, and providing the needed hope and answers to most of the questions of the Bitcoin retaining and maintaining it's spot in the crypto market.

[Upgrade00]

1. How can we trust the genuity that bitcoing will attain the height proposed for it?

There is no proposed height for Bitcoin. There are different speculations, but those are just personal opinions.
If you're to go by this, Bitcoin has surpassed majority of he expectations others had during its early days when it had little or no value.

2. This fluctuations observed in bitcoin, can it make it stand the test of other currency?

Bitcoin is not being tested by other currencies, it's an asset of value.
Also, while the price may be volatile, the trend (when you zoom out of the chart) is progressively upwards.

3. The irregularity and unstable price of it observed, can it still make it the world's best currency which will be widely accepted?

No one awards a best currency. Bitcoin is a peer to order currency which doesn't need a middle man, as long as people use it for this, it is fulfilling its purpose.
Volatility might discourage mass adoption somewhat, but Bitcoin is a maturing currency, and it would be a while for it to get more stable.

[Zilon]

One thing investors should acknowledge is the fact that bitcoin isn't a stable coin which means in as much as you are seeking a bullish run you should also be expecting a bearish moment most times this bear moments could cause you to sell off your coin. For me bitcoin holding is for the rich an average investor should have a profit target once you get your profit wait for another dip so you can buy more and wait for your next profit. It's actually difficult to speculate the price of bitcoin at the moment only the rich gets the best out of Crypto

[oktana]

1. How can we trust the genuity that bitcoing will attain the height proposed for it?

What proposed price? Not even Satoshi gave an anticipated price. Any proposed price is based on individuals and their speculations. Some hope for 50k, some 100k, etc,

2. This fluctuations observed in bitcoin, can it make it stand the test of other currency?

I'm not sure that Bitcoin is doing a competition with any other currency. The fluctuations is normal, it is not a new thing. In fact, it is the nature of Bitcoin to fluctuate. People even make good money buying Bitcoin because of the fluctuations.

3. The irregularity and unstable price of it observed, can it still make it the world's best currency which will be widely accepted?

Bitcoin is not striving to be the world's best currency. Bitcoin is rather a digital currency that gives people the chance to rule over their money, and not falling under the canopy of the corrupt centralized system. As it stands now, Bitcoin is already serving that purpose, and have even lead to the creation of over 10k altcoins/tokens. Unstable price can affect it functioning as a payment option but, we can't remould it but use it the way it has been given to us.

Oh yes, with all this questions running in the mind of investors, there is still an assurance that the bitcoin we know and are trading will still retain it's place and make more wave than the previous trend which has been.

I believe that no one has money to waste. Investors must have done their research before investing. Eventually, patience pays a lot in crypto.

[Oceat]

This is the risk that most traders is facing almost everyday on how they would gain their profit margin since not everyone is guaranteed to win always in trading. So if you expect too much from Bitcoin to meet your expectations then you are hardly wrong it doesn't work that way. That's why Bitcoin price is always unexpected because of its unique volatility movement than on the other market.

Once you are an investors you should do everything to minimize the risk and not carelessly give your money to someone there's no difference between getting scammed and giving away your hard earned money to someone if you don't do your own research.

[Spack17]

I really don't understand what is going on lately. Suddenly the price literally crashed by 10k dollars. I have never expected such decrease these days. There must be a big reason behind this. Because we are talking about a fall which happened in only half an hour. This is just insane. And thankfully, it didn't go down below $40k also. I hope to see the price recovering in a short time. Otherwise, $100k level in this year will stay as a dream.

[verita1]

The volatility that occurs with the price of bitcoin makes us think of many things. I simplify it into two actions. Keep calm and buy the dips.
We lose if we sell, we can also find out what the real price of altcoins is.
If bitcoin is crashing for some reason as predicted on June 23 2O21 by Plan B on Twitter.
It seems that it is like something provoked is just an expeculation. But the spread of the FUD continues.

Bitcoin is below $ 34K, triggered by Elon Musk's energy FUD and China's mining crack down.

There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price / on-chain based): Aug> 47K, Sep> 43K, Oct> 63K, Nov> 98K, Dec> 135K

https://twitter.com/100trillionUSD/status/1406577006230245376?t=VACmk8hQK4i2rzdZyvwNUg&s=19

[Nunoluck]

In my opinion bitcoin will still be accepted by the world although it has extreme price volatility. Bitcoin is still the best medium of payment for online and international transactions. Actually merchants who accept bitcoin don't need to worry about the volatility because there are so many vendors service who will help their transactions and they still can get fiat for cryptocurrency transactions.  Those vendors will be a big help for them. for traders volatility is become something that attracts their attention. I think bitcoin price fluctuations is not something bad.

[jakasantosa]

All of us who have been in cryptocurrencies will no longer hesitate and will not be surprised if Bitcoin is always fluctuating. If you are new to cryptocurrencies you may be briefly skeptical about Bitcoin fluctuations. so first learn about bitcoin then it will be easy to determine.

[pooya87]

Oh yes, with all this questions running in the mind of investors,

The problem (the fact that you have such strange questions) is exactly this part.

People who forget to understand what bitcoin really is and think of it purely in terms of "investment" to make some quick and big profit are always confused about the market, specifically in short term. The fluctuations, the future price and potential of bitcoin remains a mystery to them.

[nutildah]

...This is just insane. And thankfully, it didn't go down below $40k also. I hope to see the price recovering in a short time. Otherwise, $100k level in this year will stay as a dream.

Its true that the move was unexpected, but the fact that a lot of buying happened means the big money isn't gonna let it fall below ~$44k... which is great.

People who forget to understand what bitcoin really is and think of it purely in terms of "investment" to make some quick and big profit are always confused about the market, specifically in short term. The fluctuations, the future price and potential of bitcoin remains a mystery to them.

This is always true but such fluctuations are still annoying for people who use it as a currency... of course when it fluctuates in the other direction, there will be less complaints.

[kanayaTabitha]

I really don't understand what is going on lately. Suddenly the price literally crashed by 10k dollars. I have never expected such decrease these days. There must be a big reason behind this. Because we are talking about a fall which happened in only half an hour. This is just insane. And thankfully, it didn't go down below $40k also. I hope to see the price recovering in a short time. Otherwise, $100k level in this year will stay as a dream.

This kind of events is not often to happen in cryptocurrency market but in a year there must be several time price drops in a really short time like it's planned by group of whales to do it.
It's impossible if it's not planned before because the drop more than 10% in a short time with those high marketcap from bitcoin is impossible if all of those done by one person, there must be a group of whales are planning something and made some events to trigger that to happened

[kobir6678]

Bitcoin is the lagit Assts in Blockchain economic.Price Pump or Dump is real time value.Bitcoin Prices Dump Buy in Futher Great profit gain

[hd49728]

The stability of Bitcoin for the past months has been a thing that predicting the next price or range is becoming difficult.

Bitcoin is not stable in past months since May. In middle of May, the market was crashed. It takes one month to help people stops their panic and take off in July and August. In September, yesterday it was crashed again.

Fortunately, this yesterday crash looks better than May crash. Implied volatility from Coinbase Institutional.

Crash gives you chance to think of your strategy and correct it if necessary.

Is it good or bad?
Do you prepare for crash with stable coins or fiat in order to buy dips?

[ipanks]

All of us who have been in cryptocurrencies will no longer hesitate and will not be surprised if Bitcoin is always fluctuating. If you are new to cryptocurrencies you may be briefly skeptical about Bitcoin fluctuations. so first learn about bitcoin then it will be easy to determine.

You can say that if you have much more information about bitcoin and how bitcoin moves. But for new people who do not have much info will not feel right to see bitcoin fluctuate and the price will always move. They will consider that they can not hold on to their bitcoin because they do not think that bitcoin can back to the higher price. Yes, learning more about bitcoin will be a must for them so they will not rush to act and analyze more to find out the current situation.

[haidil]

One thing investors should acknowledge is the fact that bitcoin isn't a stable coin which means in as much as you are seeking a bullish run you should also be expecting a bearish moment most times this bear moments could cause you to sell off your coin. For me bitcoin holding is for the rich an average investor should have a profit target once you get your profit wait for another dip so you can buy more and wait for your next profit. It's actually difficult to speculate the price of bitcoin at the moment only the rich gets the best out of Crypto

Is it too apathetic just because a bear market comes along and says only the rich can have their hold on it at a time like this? Maybe it's true or maybe it's not, even if the market is in a slump for all those affected, the rich also have more to lose. Maybe they can buy at a big discount, but again it's not about the poverty status in terms of Bitcoin holdings. You, me, and them still have to have faith that the market will keep coming back on a stronger pedestal.