BTC is a roller coaster

[timmyzhl]

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?

[1715128634]

1715128634

[xuan87]

Well it is a decentralised coin, so the trigger is the supply and demand, so it is no wonder the price movements like roller coaster and bitcoin is already quite stable, if you compare it with alt coin you will see a wild roller coaster, but this is the things that makes it interested, the volatility is the place where the trader looking for money

[OmegaStarScream]

Simply? bitcoin is not going anywhere. Rich people will always manipulate the market and try to make profit of it. long term holders will eventually be the ones who make the biggest profit, checking the price on a daily basis will only give doubts and encourage you to sell, Its better to hodl and forget about them for sometime.

[iamTom123]

Bitcoin has been this way even right from the very start and something we should not be concerned about. Not unless there can be a declaration of a great war, Bitcoin is pointing up and what we have here are just bumps on its way to the million mark.

Indeed, Bitcoin is a roller coaster type and that in fact is adding more value to it because in a carnival why would anyone ride with something that is not moving at all...would that be logical?

People who are afraid of the roller coaster should just sit in the sideline while the riders are enjoying the whole thing...a once in a lifetime opportunity to be financially free with the help of cryptocurrency.

Please don't be afraid of the roller coaster.

[Fortify]

Bitcoin is like a rollercoaster and it is currently at the top, this should lead most people to conclude that a drop is due before it continues the upward trend overall. When it is swinging hundreds of dollars in a day, taking it as an investment is pretty much gambling like poker.

[secdark]

Bitcoin is like a rollercoaster and it is currently at the top, this should lead most people to conclude that a drop is due before it continues the upward trend overall. When it is swinging hundreds of dollars in a day, taking it as an investment is pretty much gambling like poker.

Agree. Now it is on the top but not in the highest phase, its just going up slowly and it takes a lot of downfall before it could its destination. That is really the life bitcoin sometimes it is up sometimes it is down and sometimes it is stable in a period of time but the advantage is when the bitcoin is in bottom we can prepare before it goes up

[EXtremeAEX]

Lets just hope it does not drop any further. The thrill (and fear) of holding Bitcoin is like roller coaster, but Bitcoin is a ride to the moon. Too many drops will give me an heart attack, trading is definitely not for the weak. I rather step back and watch other people ride this rollercoaster.

Go Bitcoin! BTCBTCBTC

[Lancusters]

The price has almost stabilized. Roller coaster is a good way to buy bitcoins cheaper. Then the price will rise and everyone who bought bitcoins will be rewarded. Agree that without jumps down it will be boring, and without spikes, we do not experience joy. I love roller coasters.

[eaLiTy]

Sure the price of bitcoin is a big roller coaster,six hours ago the price was around $2680 according to coindesk and a couple of hours back it was trading around $ 2,574,these rides keep on changing and if you are a smart trader then you will find plenty of ways to make a good profit with these kind of volatile market.

[itsallpc]

Bitcoin is like a rollercoaster and it is currently at the top, this should lead most people to conclude that a drop is due before it continues the upward trend overall. When it is swinging hundreds of dollars in a day, taking it as an investment is pretty much gambling like poker.

Yes,bitcoin is a decentralized currency uncontrolled by any one.Unlike gold,whose price is controlled by world gold council,bitcoin price fluctuates as per increase and decrease of demand for bitcoin.Bitcoin is definitely like a roller coaster.When its price increases,its investors get happy and when its price decreases,investors feel sad.

[ethereumhunter]

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?

yup bitcoin is dropped too far and i think it would not expecting by many traders, but i think soon the price will be back to the price before and we can hope that the price will be increase more. i think its normal that we have seen this situations because bitcoin itself is volatile and we can not predict when its down and when its up.

[dothebeats]

Well it is a decentralised coin, so the trigger is the supply and demand, so it is no wonder the price movements like roller coaster and bitcoin is already quite stable, if you compare it with alt coin you will see a wild roller coaster, but this is the things that makes it interested, the volatility is the place where the trader looking for money

Been observing the market for quite some time now, and I can safely say that bitcoin, in the current trend, isn't largely affected by the supply and demand concept of economics since bitcoin is available almost anywhere in the market and it's just a mind game that traders are playing right now, add to the fact that some people are pouring their money without hesitating due to bitcoin steadily gaining value. Also, it's purely speculation but the stagnant prices in 2014-2015 must be whales acquiring all of the bitcoins they need to make a push such as this.

[batang_bitcoin]

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable

Bitcoin did never got a stable price, all the time bitcoin is decentralized and it will never get a stable price, maybe you mean floor price?

I would like to ask you tycoons on how to look at the future market?

I'm not a tycoon but I can say that the future market of bitcoin is great. This drop is just a reason for us to keep on holding, this will make the new investors to come in. In return, the price will be up soon.

[Mometaskers]

I stopped checking the rate on a daily basis. Instead I just check over the weekend to see if there's a plunge that can be taken advantage off. (Rarely happens to me because of the large difference between the buy and sell price).

I'm not sure what caused the drop but it could be cause of apprehensions about what would happen in August. I've already decided to hold, split or not, several months before. Still, I still feel a bit worried. I suppose some people were not able to resist selling.

[KnightElite]

Yeah you have a point that the price of btc is unpredictable. It seems that there are times that the btc is going up and there is also a time that the btc is going down. We only have to monitor always the progress of the btc.

[klf]

Yeah you have a point that the price of btc is unpredictable. It seems that there are times that the btc is going up and there is also a time that the btc is going down. We only have to monitor always the progress of the btc.

These bitcoins are not regulated by any governments so only demand and supply decide the price of these coins. Also, since last few months bitcoins prices went up quite a lot and now it is a time to correct and stabilise the prices. You can't expect prices to go only one direction always. If prices go up faster and when it comes down even more quickly so we should prepare for both. But in the longer run, it is quite safe, and we can make a good profit.

[TrumpD]

Yes for day traders it may seem like a roller coaster,  but less so for people that have taken long term views for example five years. If you think the price will appreciate considerably in the next two to five years, the short term votality wouldn't be an issue. How much you have invested also matters, If you have bought more than you can afford to lose, then prepare to sweat on the price whenever it comes down.

[talkbitcoin]

Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?

let me introduce you to something called CHART!
you can use this as an example: https://bitcoinwisdom.com/markets/coinbase/btcusd

if you zoom out and play a little with the setting you can easily notice how price has been changing. in the past month we experienced a fast rise, and fast rises are never solid so they never last long on top. so the $2900-$3000 didn't last and price came back down to a previous lower price but still higher than last month.

in bitcoin the drops always cause additional drama because the market is not just experienced people. it is full of newbies, even full of kids underage who got some bitcoin and are playing around not knowing what they are doing. so they start to panic sell and the drop becomes bigger.

now if you look more closely at the previous couple of days you can see that panic sell also never lasts long. and price came back up as soon as these kids and newbies were flushed out and price were increased about $400

[Theb]

I am not a tycoon but what I see in the market today is that the Roller Coaster ride is not yet over, and I don't think it will stop in the future either. That is what you get when a currency is not controlled by the government it always is vulnerable in price drops that are cause of profit taking and bad news. So traders are taking advantage of the volatility, it is better if your join too.

[Idrisu]

I have been trading forex for about 9 years now and I can tell you that all currencies get dropped some  time and that is why we analyze the market using, technical and fundamental analysis to see if an asset got dropped or is pumping.