Chip-Dale
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June 09, 2017, 08:13:24 PM |
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Surely we can expect a rapid price increase again once $3,000 level reached.
Who is we? I prefer to remain holding a conservative stance when it comes to the market that has increased significantly in a short period of time. Nothing goes only up in value -- sure, the demand keeps pushing the price forwards, but that doesn't mean we will not face difficult times that negatively affects the market. Don't forget that SegWit still isn't activated to give Bitcoin a massive boost -- all eyes are pointed at August for the UASF.... Yes, there will not be any possibilities for any commodity to have only up or down all the times. But with respect to current scenario of bitcoin adoption rates and how new investor are coming in, I do not see any major corrections to occur even it may happen, quick bounce back will be inevitable. I guess bitcoin will have 10% growth for example and will have 2% fall back. It means it will satisfy the general economics principles of Nothing goes only up in value, yet will have huge value in quicker time. Guys, and how you can analyze the price of Bitcoin, when we in some cases understand that there can be artificial manipulation of the price on the exchange. Today we see a huge growth of bitcoin, but it can be replaced by a sharp drop and this fact can be regarded as a fraudulent move of large whales.
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Amadues
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June 09, 2017, 10:19:05 PM |
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Despite all the evidence of the futility of technical analysis to predict the market behavior, I see that there are still people struggling to try to demonstrate their supposedly gross knowledge in this field.
All these calculations based on Fibonacci's ideas were a good attempt to find an orderly pattern in the midst of the apparent chaos of the markets, but it has never proven to be as accurate as many would presume. And I say this after almost ten years of trying it over and over in different trading models in the financial markets without consistent results based on Fibonacci, or markedly different from other models.
Correct, if this is sure to work.(fibonacci) whatsoever, then a lot of people should have taken advantage. But unfortunately the market remains mysterious. We don't know when will a whale dump his load etc. Other 'analyst' may have theories but you can't be very sure that they are not players of this up and down ride. They could be plausible and also misleading. Never underestimate the power of fibonacci tool. The first thing you should know about the fibonacci it is significant for traders to measure retracements on trending markets. After every bitcoin retrace waves from the recent high, it is going to find support at one of those fibonacci retracement levels because traders will be placing buy orders at these levels as price pulls back. Sometimes this retracement levels fail but you will have clue about what price is going to do after every important level.
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richardsNY
Legendary
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June 09, 2017, 10:24:48 PM |
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Guys, and how you can analyze the price of Bitcoin, when we in some cases understand that there can be artificial manipulation of the price on the exchange. Today we see a huge growth of bitcoin, but it can be replaced by a sharp drop and this fact can be regarded as a fraudulent move of large whales.
Manipulation has been part of Bitcoin since its very first exchange listing, nothing new here. If you want to see how much influence this manipulation has had on the price, long term speaking, then it's clear that the price kept growing regardless of whatever manipulation. Manipulation affects the short term price, but this isn't a concern to people that are long term minded. Other than that, I don't consider market manipulation to be fraudulent, unless it's the exchange itself that is trading based on inside information.
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btc_angela
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June 10, 2017, 04:32:01 AM |
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Surely we can expect a rapid price increase again once $3,000 level reached.
Who is we? I prefer to remain holding a conservative stance when it comes to the market that has increased significantly in a short period of time. Nothing goes only up in value -- sure, the demand keeps pushing the price forwards, but that doesn't mean we will not face difficult times that negatively affects the market. Don't forget that SegWit still isn't activated to give Bitcoin a massive boost -- all eyes are pointed at August for the UASF.... Yes, there will not be any possibilities for any commodity to have only up or down all the times. But with respect to current scenario of bitcoin adoption rates and how new investor are coming in, I do not see any major corrections to occur even it may happen, quick bounce back will be inevitable. I guess bitcoin will have 10% growth for example and will have 2% fall back. It means it will satisfy the general economics principles of Nothing goes only up in value, yet will have huge value in quicker time. Guys, and how you can analyze the price of Bitcoin, when we in some cases understand that there can be artificial manipulation of the price on the exchange. Today we see a huge growth of bitcoin, but it can be replaced by a sharp drop and this fact can be regarded as a fraudulent move of large whales. Its really hard to manipulate the price of bitcoin at this stage unlike before where the Chinese can do fake volumes and artificially pump the price. Now, they are a lot of bigtime whalers, casual traders so manipulation makes it harder to do by some entities. Its fraudulent practice but I think no one can really put a stop on it.
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Amadues
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2017, 09:24:41 AM |
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Surely we can expect a rapid price increase again once $3,000 level reached.
Who is we? I prefer to remain holding a conservative stance when it comes to the market that has increased significantly in a short period of time. Nothing goes only up in value -- sure, the demand keeps pushing the price forwards, but that doesn't mean we will not face difficult times that negatively affects the market. Don't forget that SegWit still isn't activated to give Bitcoin a massive boost -- all eyes are pointed at August for the UASF.... Yes, there will not be any possibilities for any commodity to have only up or down all the times. But with respect to current scenario of bitcoin adoption rates and how new investor are coming in, I do not see any major corrections to occur even it may happen, quick bounce back will be inevitable. I guess bitcoin will have 10% growth for example and will have 2% fall back. It means it will satisfy the general economics principles of Nothing goes only up in value, yet will have huge value in quicker time. Guys, and how you can analyze the price of Bitcoin, when we in some cases understand that there can be artificial manipulation of the price on the exchange. Today we see a huge growth of bitcoin, but it can be replaced by a sharp drop and this fact can be regarded as a fraudulent move of large whales. Its really hard to manipulate the price of bitcoin at this stage unlike before where the Chinese can do fake volumes and artificially pump the price. Now, they are a lot of bigtime whalers, casual traders so manipulation makes it harder to do by some entities. Its fraudulent practice but I think no one can really put a stop on it. Main HFT firms are placed at Beijing and New York. Did you ever hear story about High Frequency Trading? The price of a market at any given time is determined by the best bid and offer, so if all orders placed are legit, the next transaction should rightly take place at the bid or at the offer or somewhere in between. But if a majority of the orders are fake and are placed with the intention of being deleted, it’s possible HFT firms can push prices up or down without any transactions taking place. It is all about speculation(the root of all evil) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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selline
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June 10, 2017, 11:41:13 AM |
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Surely we can expect a rapid price increase again once $3,000 level reached.
Who is we? I prefer to remain holding a conservative stance when it comes to the market that has increased significantly in a short period of time. Nothing goes only up in value -- sure, the demand keeps pushing the price forwards, but that doesn't mean we will not face difficult times that negatively affects the market. Don't forget that SegWit still isn't activated to give Bitcoin a massive boost -- all eyes are pointed at August for the UASF.... Yes, there will not be any possibilities for any commodity to have only up or down all the times. But with respect to current scenario of bitcoin adoption rates and how new investor are coming in, I do not see any major corrections to occur even it may happen, quick bounce back will be inevitable. I guess bitcoin will have 10% growth for example and will have 2% fall back. It means it will satisfy the general economics principles of Nothing goes only up in value, yet will have huge value in quicker time. Guys, and how you can analyze the price of Bitcoin, when we in some cases understand that there can be artificial manipulation of the price on the exchange. Today we see a huge growth of bitcoin, but it can be replaced by a sharp drop and this fact can be regarded as a fraudulent move of large whales. Its really hard to manipulate the price of bitcoin at this stage unlike before where the Chinese can do fake volumes and artificially pump the price. Now, they are a lot of bigtime whalers, casual traders so manipulation makes it harder to do by some entities. Its fraudulent practice but I think no one can really put a stop on it. But if manipulating the price of bitcoin on stage it's not like before where China can fake volume and artificially pump price. so did make the trade more difficult to do some URentitas.ini indeed fraudulent actions in the trade
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pooya87
Legendary
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June 11, 2017, 04:45:07 AM |
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~ But if manipulating the price of bitcoin on stage it's not like before where China can fake volume and artificially pump price. so did make the trade more difficult to do some URentitas.ini indeed fraudulent actions in the trade
China was never doing that actually! they just had a huge volume or better said they reported a huge volume. and the reason for that was the 0 fee trading platforms they had and also all the margin trading and other options they had on their platforms which created that large volume. FUDsters however used these facts to spread all kinds of crap about how China is "controlling" bitcoin.
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Baby Dragon
Sr. Member
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OWNR - Store all crypto in one app.
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June 25, 2017, 03:55:09 PM |
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Bitcoin price is unpredictable, even charts and analysis will have a hard time predicting its trend. Though I object that the price surge has no real issue, the fact that there are really good news about bitcoin and countries accepting it is good enough reason for bitcoin price to increase rapidly especially if the current increase triggers FOMO to the investors. The price increase when Japan accepted Bitcoin maybe one example that investors might think Bitcoin will increase in price when Australia starts accepting bitcoin as Japan did.
I agree that the price of bitcoin is unpredictable. I think that the fluctuation of supply and demand of bitcoin is one of the reasons why the price of bitcoin is always changing. Also consider the manipulation price of bitcoin that have a big impact to all traders and investors. I think the price of bitcoin will depend in the market.
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