mrr09 (OP)
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November 19, 2016, 12:19:55 PM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
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talkbitcoin
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All I know is that I know nothing.
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November 19, 2016, 12:44:08 PM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
everything that is being traded with money has ups and downs even a cup of coffee can go up and down like for example if coffee import encounters some troubles and the supply of coffee is decreased in the country! so it is not really a disadvantage. and if you are a trader then it is actually an opportunity to make profit. although if you look at bitcoin as a currency then it is not so favorable to have its price swing around so much. but a little volatility (something i hope we see in a couple of years) is ok.
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ethereumhunter
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November 19, 2016, 01:19:55 PM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
i think its normal for the situations now and if there is no ups and downs, how the market can make movement and how we can make profit? i think its an advantage for us to make profit from the differences of the price and if we can catch the opportunity of this then we can really make a good profit.
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OmegaStarScream
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November 19, 2016, 01:25:31 PM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
With everything going on in India with cash and stuff , I guess It should be safe to say that this is an advantage as the price is increasing for a "reason". As long as the price increases with stability and without manipulations and pump-dump from big whales , It should be considered as an advantage otherwise It's a disadvantage . Experts in trading will still manage to make profit either way .
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Zadicar
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November 19, 2016, 01:30:30 PM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
Ups and Downs on bitcoins price is a normal thing and also to all currencies out there because there are people who do trades and buy and sell on bitcoin thats why its why the price really move up and downs. Short traders do make profits when the price tends to move down and sell it again when the price rise again.
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asriloni
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November 19, 2016, 02:58:07 PM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
It can become advantages for all of the bitcoin users while we were talking about the traders, but it was gonna other if we weren't talking about the trade. Just a short example, The volatility was becoming the primary source of the trader which can make some profit for them. no volatility = no trade.
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~Bitcoin~
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November 19, 2016, 02:59:56 PM |
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Ups (pumps) = Good to sell part of your bitcoin to have some cash in hands to buy cheap bitcoin on dumps Downs (dumps) = Good opportunity to buy cheap bitcoins using all fiat you have or half of fiat.
If you are looking for long term holding, don't look at short term ups and downs just relax with your bitcoin in safe place and keep an eye on bitcoin markets.
The advantage of Ups and Downs (swing) in bitcoin price is opportunity of profit it create for day traders.
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jhenfelipe
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November 19, 2016, 03:33:38 PM |
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Ups (pumps) = Good to sell part of your bitcoin to have some cash in hands to buy cheap bitcoin on dumps Downs (dumps) = Good opportunity to buy cheap bitcoins using all fiat you have or half of fiat.
If you are looking for long term holding, don't look at short term ups and downs just relax with your bitcoin in safe place and keep an eye on bitcoin markets.
The advantage of Ups and Downs (swing) in bitcoin price is opportunity of profit it create for day traders.
This is right. I think traders will find the info mentioned above as advantages, for both ups and downs. I do agree too because I'm also doing it that way sometimes when I'm trading, grabbing the opportunity to buy bitcoin when the price is low and sell when high. However, there's no guaranteed profit because it's risky. Merchants' opinion might be different too imo (just no idea if they like sudden price change).
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btcdevil
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November 19, 2016, 04:04:32 PM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
When you think that Bitcoin as currency then i think it is disadvantage but if you take bitcoin as investment then it is good as your price of purchase going up and when you sell you will yield profit but if you take in trading then it is good as when their is lot of trading then it means that the product is valuable
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Oilacris
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November 19, 2016, 05:20:42 PM |
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Ups (pumps) = Good to sell part of your bitcoin to have some cash in hands to buy cheap bitcoin on dumps Downs (dumps) = Good opportunity to buy cheap bitcoins using all fiat you have or half of fiat.
If you are looking for long term holding, don't look at short term ups and downs just relax with your bitcoin in safe place and keep an eye on bitcoin markets.
The advantage of Ups and Downs (swing) in bitcoin price is opportunity of profit it create for day traders.
This is an accurate answer to op's question, this is what I'm thinking too hence you already mentioned I won't repeat it again. Moving prices of bitcoin is not a shocking news as long there are players on the market then it would definitely move. Just as mentioned be prepared on when to sell or when to buy because opportunities might happen on an instant. If you'd like to make profits then you should be attentive on bitcoin price movement.
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mrr09 (OP)
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November 19, 2016, 05:22:34 PM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
everything that is being traded with money has ups and downs even a cup of coffee can go up and down like for example if coffee import encounters some troubles and the supply of coffee is decreased in the country! so it is not really a disadvantage. and if you are a trader then it is actually an opportunity to make profit. although if you look at bitcoin as a currency then it is not so favorable to have its price swing around so much. but a little volatility (something i hope we see in a couple of years) is ok. Yup, you're right all the options are still within our grasp, either for profit or loss that would be acceptable. Depending on how we as a trader responds. What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
Ups and Downs on bitcoins price is a normal thing and also to all currencies out there because there are people who do trades and buy and sell on bitcoin thats why its why the price really move up and downs. Short traders do make profits when the price tends to move down and sell it again when the price rise again. Sell when prices rise and buying when prices fall were the basis for trade and it is a sure thing will do all trader. Ups (pumps) = Good to sell part of your bitcoin to have some cash in hands to buy cheap bitcoin on dumps Downs (dumps) = Good opportunity to buy cheap bitcoins using all fiat you have or half of fiat.
If you are looking for long term holding, don't look at short term ups and downs just relax with your bitcoin in safe place and keep an eye on bitcoin markets.
The advantage of Ups and Downs (swing) in bitcoin price is opportunity of profit it create for day traders.
This is right. I think traders will find the info mentioned above as advantages, for both ups and downs. I do agree too because I'm also doing it that way sometimes when I'm trading, grabbing the opportunity to buy bitcoin when the price is low and sell when high. However, there's no guaranteed profit because it's risky. Merchants' opinion might be different too imo (just no idea if they like sudden price change). Yes, sometimes when the tidal occurred thing to note is that sudden changes in the exchange rate change and if it happens, only losses obtained.
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Bitcoinsummoner
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November 19, 2016, 05:27:04 PM |
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the price of bitcoin is unpredictable and it is normal that the price of bitcoin will rise and dump.. And i think that is why the price is rising it is because of advantage and adoption for bitcoin,, more people who are studying about bitcoin and more investors are come. since bitcoin is demand and supply so more investors will come it can affect the value of bitcoin..
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Zadicar
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November 19, 2016, 05:31:01 PM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
everything that is being traded with money has ups and downs even a cup of coffee can go up and down like for example if coffee import encounters some troubles and the supply of coffee is decreased in the country! so it is not really a disadvantage. and if you are a trader then it is actually an opportunity to make profit. although if you look at bitcoin as a currency then it is not so favorable to have its price swing around so much. but a little volatility (something i hope we see in a couple of years) is ok. Yup, you're right all the options are still within our grasp, either for profit or loss that would be acceptable. Depending on how we as a trader responds. What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
Ups and Downs on bitcoins price is a normal thing and also to all currencies out there because there are people who do trades and buy and sell on bitcoin thats why its why the price really move up and downs. Short traders do make profits when the price tends to move down and sell it again when the price rise again. Sell when prices rise and buying when prices fall were the basis for trade and it is a sure thing will do all trader. Yes it's really the basic knowledge though when you intend to do trading but it may sound so simple but on actual trading you would re be confused on which price you would intend to buy. We are trading bitcoin price may be volatile or somehow stable that's why those scalper type trader would really wait for the right time to sell or buy.
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mrr09 (OP)
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November 19, 2016, 05:45:54 PM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
everything that is being traded with money has ups and downs even a cup of coffee can go up and down like for example if coffee import encounters some troubles and the supply of coffee is decreased in the country! so it is not really a disadvantage. and if you are a trader then it is actually an opportunity to make profit. although if you look at bitcoin as a currency then it is not so favorable to have its price swing around so much. but a little volatility (something i hope we see in a couple of years) is ok. Yup, you're right all the options are still within our grasp, either for profit or loss that would be acceptable. Depending on how we as a trader responds. What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
Ups and Downs on bitcoins price is a normal thing and also to all currencies out there because there are people who do trades and buy and sell on bitcoin thats why its why the price really move up and downs. Short traders do make profits when the price tends to move down and sell it again when the price rise again. Sell when prices rise and buying when prices fall were the basis for trade and it is a sure thing will do all trader. Yes it's really the basic knowledge though when you intend to do trading but it may sound so simple but on actual trading you would re be confused on which price you would intend to buy. We are trading bitcoin price may be volatile or somehow stable that's why those scalper type trader would really wait for the right time to sell or buy. Yup, for traders see the value of a currency is not enough, we also have to determine the right time to trade.
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mindrust
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November 19, 2016, 06:13:09 PM |
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Everything can go up and down. It is the nature of the markets. Nothing can have a fixed price. (at least for a long time) It will change in time, that's very natural. If it would have had a constant price, what price would you name it? 1$? 100$? 1000$? 1m$? You choose. See? It is meaningless to have a constant price.
Houses, tomatoes, papers, gold, copper, hamburger... Non of them have a fixed price forever.
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Victorycoin
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November 19, 2016, 06:19:21 PM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
It can become advantages for all of the bitcoin users while we were talking about the traders, but it was gonna other if we weren't talking about the trade. Just a short example, The volatility was becoming the primary source of the trader which can make some profit for them. no volatility = no trade. I don't quite agree with you, no volatility does not equal to no trade, the right thing should be no volatility, no profit and that means the market is stagnant. A stagnant market would hardly attract speculators nor investors attention, because a market like that holds little or no interest for them. The up and down movement of price is a natural sequence of things - up and down, short and tall, white and black, man and woman, etc and it all emanates from the forces of demand and supply, whichever that outweighs the other, determines the prevailing market condition. Basic Economics dictates that, when demand exceed supply, prices goes up and goes down, when supply exceed demand.
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bitbunnny
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November 19, 2016, 07:30:27 PM |
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This ups and downs or pumps and dumps if you prefer it this way are nothing unusual, just a normal part of Bitcoin volatility feature. This is good for arbitrage traders if they are fast and experienced. Bitcoin has never had fixed price and probably never will. This is part of Bitcoin's charm.
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markyminer
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November 20, 2016, 05:23:00 AM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
i think its normal for the situations now and if there is no ups and downs, how the market can make movement and how we can make profit? i think its an advantage for us to make profit from the differences of the price and if we can catch the opportunity of this then we can really make a good profit. yes that is the nature of the market, the prices some time goes up specially when there is some good news about the market or product is revolving in the market, and some times the price goes down and take some correction after a good ralley.
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X-ray
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November 20, 2016, 06:06:03 AM |
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What do you think about the ups and downs of the currency Bitcoin ? Whether it's an advantage or a disadvantage?
When you think that Bitcoin as currency then i think it is disadvantage but if you take bitcoin as investment then it is good as your price of purchase going up and when you sell you will yield profit but if you take in trading then it is good as when their is lot of trading then it means that the product is valuable yeah indeed if you use bitcoin as currency,the volatilty will become the disadvantage,it's also the one factor amongst other which make many website don't want to implement bitcoin until payment gateway like bitpay which exchange the bitcoin directly into fiat exist and then the problem solved
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pooya87
Legendary
Offline
Activity: 3626
Merit: 11010
Crypto Swap Exchange
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November 20, 2016, 08:04:12 AM |
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Ups (pumps) = Good to sell part of your bitcoin to have some cash in hands to buy cheap bitcoin on dumps Downs (dumps) = Good opportunity to buy cheap bitcoins using all fiat you have or half of fiat.
If you are looking for long term holding, don't look at short term ups and downs just relax with your bitcoin in safe place and keep an eye on bitcoin markets.
The advantage of Ups and Downs (swing) in bitcoin price is opportunity of profit it create for day traders.
this is incomplete. because going up doesn't mean pump and going down doesn't necessarily mean dump. pump and dump brings a negative meaning with itself and i think it shouldn't be used for every change that happens. these so called swings happen in all the markets for example you can look at the gold price chart and see that. there are a lot of factors that change the supply and demand (mostly demand) which leads to the price change.
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