Bitcoins new trend

[uki]

This kind of discussion returns every two or three months. Bitcoin is still a very young, and thus very volatile asset and movements of 10% in each direction are something normal, not requiring any big events or news. Yet, people start looking for theories or supporting news every time there is a $50 movement. And now again. Either you are a day trader looking for such swings and trading them or you are long term and then you have to really take a zoom out and look at the big picture.

That doesn't seem the only thing as they try to be too much speculative in their words that they want us to think their way like they are speaking truth about charts and all. Bitcoin doesn't run on sentiments and rather facts which is a necessary thing for them to understand.

I would add that Bitcoin price is currently moved mainly by speculators, e.g. big whales, miners, etc. and as such it is hard to predict when the next pump happens. Once the wave comes it will be noticeable but it is nearly impossible, unless you are part of the pumping group, to predict that.

[lionheart78]

This is all because of bad fundamentals. The bitcoin developers are fighting among themselves, they have no leadership, no vision for the challenges facing the bitcoin community, it's just a sad, pathetic state we find ourselves in.

I agree with this at least, but peeps are making a hard fork, so that might fix it.

i wonder what will be happen if mr. satoshi nakamoto still with bitcoin developer and stay work in behind of bitcoin and blockchain technology, will it be the same like now or it will be more attract people? its just my curiousity.

he made bitcoin open source for a reason, and made a possibility for hard forks for a reason.

many people know more than 1 person, and he knows the market will chose the right solution eventually.

if bitcoin core devs don't solve the problem, a hardfork will solve it. And if a hardfork doesn't solve it, and altcoin will solve it.

I prefer bitcoin core to solve it, but I have lost my trust in core, so I am now waiting for a hardfork to solve it.

I don't really want to move to alts, but I will if i have to.

I agree that this thing may happen if bitcoin does not solve the problem  and i don't mind moving to altcoin because there are altcoin that are  more user friendly, merchant friendly and faster transaction and confirmation than bitcoin.  If this thing happen i bet those who invested millions in bitcoin will be in catastrophe.

[uki]

This is all because of bad fundamentals. The bitcoin developers are fighting among themselves, they have no leadership, no vision for the challenges facing the bitcoin community, it's just a sad, pathetic state we find ourselves in.

I agree with this at least, but peeps are making a hard fork, so that might fix it.

i wonder what will be happen if mr. satoshi nakamoto still with bitcoin developer and stay work in behind of bitcoin and blockchain technology, will it be the same like now or it will be more attract people? its just my curiousity.

he made bitcoin open source for a reason, and made a possibility for hard forks for a reason.

many people know more than 1 person, and he knows the market will chose the right solution eventually.

if bitcoin core devs don't solve the problem, a hardfork will solve it. And if a hardfork doesn't solve it, and altcoin will solve it.

I prefer bitcoin core to solve it, but I have lost my trust in core, so I am now waiting for a hardfork to solve it.

I don't really want to move to alts, but I will if i have to.

I agree that this thing may happen if bitcoin does not solve the problem  and i don't mind moving to altcoin because there are altcoin that are  more user friendly, merchant friendly and faster transaction and confirmation than bitcoin.  If this thing happen i bet those who invested millions in bitcoin will be in catastrophe.

the game is always about not being left holding the bags of useless coins (Bitcoin included). However due to the network effect, Bitcoin is a bit more immune to that than other altcoins. A bit more doesn't mean fully immune, nevertheless.

[SONG GEET]

In long term bitcoin for sure will go up and even price can get doubled over few years period. In short term price will keep on swinging with slow upward trend.

[uki]

In long term bitcoin for sure will go up and even price can get doubled over few years period. In short term price will keep on swinging with slow upward trend.

Well,tell that people who bought next to the ATH at $1200. For them term 'long-term' has slightly different meaning than for these who bought for $250 in summer 2015. There is nothing 'for sure' in Bitcoin.

[EastBirth]

In long term bitcoin for sure will go up and even price can get doubled over few years period. In short term price will keep on swinging with slow upward trend.

Well,tell that people who bought next to the ATH at $1200. For them term 'long-term' has slightly different meaning than for these who bought for $250 in summer 2015. There is nothing 'for sure' in Bitcoin.

It is believed that the bitcoin price will be $1200 in the middle of next year. So they will have made some profit.

[SANALIU]

In long term bitcoin for sure will go up and even price can get doubled over few years period. In short term price will keep on swinging with slow upward trend.

i think is very imposible is buy now
in end year can get take profit double this capital money
but if long term hold investment i think is very good inday trade not long time hold

[JITENDERPAR3]

i don't think that it is going to down for Long time . because at the present time here we are with the few fluctuate days of bitcoin sharp fall and down rate . its price will never goes down in this month .

[carlfebz2]

In long term bitcoin for sure will go up and even price can get doubled over few years period. In short term price will keep on swinging with slow upward trend.

We cant still guarantee though since bitcoins price is  too volatile and  unpredictable but still we could assume  that it would definitely gradually increase its price  every year and we  already see it   compared  in previous years  regarding on the development of bitcoins price.

[starmman]

i don't think that it is going to down for Long time . because at the present time here we are with the few fluctuate days of bitcoin sharp fall and down rate . its price will never goes down in this month .

I agree with you on that sentiment - I can see it in the altcoins - the volatility of all the coins I have invested in has stagnated over the last few days - I think it could indicate that there could be a shift back to BTC bullish sentiment. I have the feeling that a large spike in BTC/USD will happen in the next week or two correllating with a drop in Alts followed by a resurgence in alts and a drop in BTC but to a level higher than $600.

[gilangIDR]

i don't think that it is going to down for Long time . because at the present time here we are with the few fluctuate days of bitcoin sharp fall and down rate . its price will never goes down in this month .

I agree with you on that sentiment - I can see it in the altcoins - the volatility of all the coins I have invested in has stagnated over the last few days - I think it could indicate that there could be a shift back to BTC bullish sentiment. I have the feeling that a large spike in BTC/USD will happen in the next week or two correllating with a drop in Alts followed by a resurgence in alts and a drop in BTC but to a level higher than $600.

I hope it becomes a reality. I hope all indications it makes an increase in the price of bitcoin. next week there may be a rise in price of bitcoin although only at 20 USD.

[iqlimasyadiqa]

the current price of bitcoin start being seen. nearly all are in the exchange rates of 610 USD.
hopefully this is a good beginning of the current bitcoin price movement. there was a modest increase noticeably.