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aardvark15
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July 22, 2017, 10:39:38 PM
 #21

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.
Your point seems right, people love the fluctuation because it gives them the opportunity to earn money, it's a high risk
invest so before anyone will enter here he should already know the norms in the market.
If you cannot take the price fluctuation there is still another option which is to invest for long term, check on the trend you will know it's increasing.

Trading requires fluctuations in order to make a profit. In fact, the wilder the fluctuations the better as long as the price gradually increases over time.

Also remember that some fluctuations are not organic. Whales will manipulate the prices on exchanges to make the price change artificially. You just have to be able to recognize when the price rises too quickly which could indicate a pump.
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July 23, 2017, 04:42:53 AM
 #22

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

And yes, this market is always going to be one which is going to be sensitive because of the amount of leverage which small invidiauls have in the entire market = WHALES!

If everything goes as planned and FUD and panic selling of new users have settled, we don't about a major market price drop. Bitcoin has always been this sensitive. Based on how it's doing now we might achieve $5k mark in less than 2 years.

Can't see this happening, we need to stay at a price and don't keep moving up and up - it's the only thing which is going to be the only thing which attracts people to using Bitcoin.




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July 23, 2017, 05:28:34 AM
 #23

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.
Your point seems right, people love the fluctuation because it gives them the opportunity to earn money, it's a high risk
invest so before anyone will enter here he should already know the norms in the market.
If you cannot take the price fluctuation there is still another option which is to invest for long term, check on the trend you will know it's increasing.

Trading requires fluctuations in order to make a profit. In fact, the wilder the fluctuations the better as long as the price gradually increases over time.

Also remember that some fluctuations are not organic. Whales will manipulate the prices on exchanges to make the price change artificially. You just have to be able to recognize when the price rises too quickly which could indicate a pump.
Have more type about control price by whales, as in June until July, we have see all altcoin on market are falldown to the price like in April, but this happens not happening fast, slowly and stable, everyday change 5% ratio and on the road, have some bull trap helps them earning profit anytime
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July 23, 2017, 08:17:02 AM
 #24

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.
Your point seems right, people love the fluctuation because it gives them the opportunity to earn money, it's a high risk
invest so before anyone will enter here he should already know the norms in the market.
If you cannot take the price fluctuation there is still another option which is to invest for long term, check on the trend you will know it's increasing.

Trading requires fluctuations in order to make a profit. In fact, the wilder the fluctuations the better as long as the price gradually increases over time.

Also remember that some fluctuations are not organic. Whales will manipulate the prices on exchanges to make the price change artificially. You just have to be able to recognize when the price rises too quickly which could indicate a pump.
Have more type about control price by whales, as in June until July, we have see all altcoin on market are falldown to the price like in April, but this happens not happening fast, slowly and stable, everyday change 5% ratio and on the road, have some bull trap helps them earning profit anytime

And ordinary traders, who are not whales, can take advantage of that too. When the whales are dumping coins in order to decrease the price so they can buy a lot of cheap coins, everybody yhave the oppurtunity to buy cheap coins too, like recently when the price was around $1,800.
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July 23, 2017, 08:35:06 AM
 #25

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

I disagree with this attitude

If traders choose to abandon Bitcoin, its price would crash instantly since it is supported exclusively by speculation. If you think otherwise, you are delusional, as simple as it gets. But when the price crashes, it won't be of any interest to anyone (ironically, except traders). You should understand that Bitcoin can have no volatility (or small volatility) only exactly at 0 price. There is no reason to use it in real economy since right now it sucks heavily when compared to the best of fiats
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July 23, 2017, 09:08:01 AM
 #26

I agree with you, i think that this pump has gone quite a long way, maybe just a little too long.

I really wouldn't be surprised at all if the entire cryptocurrency market cap just started to collapse after this year, perhaps to 50 billion. This would obviously mean that a lot of people will be losing money and whatnot but also would be a great buying opportunity for anyone that missed out on this ride.

However, i expect bitcoin dominance index to rise to at least 75% again despite this declining total market cap. Alts are in a much bigger bubble than bitcoin at the moment, in my opinion.

Over the long run bitcoin is extremely bullish at least to me, but short run price is still extremely volatile.
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July 23, 2017, 10:52:39 AM
 #27

We saw enormous grows the last years in the cryptoworld.
The marketcap was exploding the last years.

Because the fast growth, I expect the cryptoworld to slow down.

Look at the marketcap the last month/weeks, Its almost a pump and dump system these days.
Instead of people holding on to the coins they have and let the cryptoworld grow healthy, develop further and get more adopted by countries etc.

No, people get scared the moment the market cap gets to high and instant sell with little profit.
If this trend keeps going, I feel the cryptoworld going nowhere the coming 2 years.

This market is very very sensitive, were talking about a big future here.
Yet people want to make quick bucks and keep on pump and dumping.

I have no doubt in the following 4 years, the cryptoworld is at the 500B cap.
We all want to make money, thats why the most of us are investing anyway. But IMAGINE what the coins you own could be worth in 2020?

Yet trading is a good way to make some bucks, and the experienced cryptotraders know what they are doing.
But for the newcomers this is scary, the moment they see the investment they made go down 5% they sell.

Its just repeating itself the last weeks.

My expectations of btc and eth are bright. Btc reaching the 5K mark at 2020. And eth going 1k.
Altcoins are such a gamble, for now they seem like a good way to make huge profits. But I dont see a real way of them getting used in the long future.

In short: Were at the pump and dump routine now, if we want this world to grow, have faith, let newcomers also gain trust in the cryptocurrency, countries will jump on this currenry the moment its truly developed and not some "gambling" market.
1st of August will either have a positive impact or a negative, I cant really give my expectations, cause at this moment the market is unpredictable.

What are you're thoughts? How you feel the market growing this year?





I think that this is probably going to be a watered down version of 2013, which is similar to right now.

There is definitely a trend of bitcoin price exploding after like a 1 year so after the halving, and then for like 2 years nobody seems to mention bitcoin in the news, everyone is no interested and prices are slowly dropping. In this sense i see this year's situation a bit like 2013. Price is probably going to readjust down to around $2000 each where i feel it is most comfortable and stable, and then just hover there, maybe go as low as $1500. This might not happen this year though, maybe starting next year. Because this year we'll still retest the $3000 level to see if it can be broken or not, and if we can break it then it is completely possible that this bull market stays till late this year and well into next year.

Total market cap seems to be stable at a level <100 billion which imo is completely natural. I'd rather have a stable bitcoin than a bitcoin that is constantly moving around no matter which direction.
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July 23, 2017, 11:02:31 AM
 #28

We saw enormous grows the last years in the cryptoworld.
The marketcap was exploding the last years.

Because the fast growth, I expect the cryptoworld to slow down.

Look at the marketcap the last month/weeks, Its almost a pump and dump system these days.
Instead of people holding on to the coins they have and let the cryptoworld grow healthy, develop further and get more adopted by countries etc.

No, people get scared the moment the market cap gets to high and instant sell with little profit.
If this trend keeps going, I feel the cryptoworld going nowhere the coming 2 years.

This market is very very sensitive, were talking about a big future here.
Yet people want to make quick bucks and keep on pump and dumping.

I have no doubt in the following 4 years, the cryptoworld is at the 500B cap.
We all want to make money, thats why the most of us are investing anyway. But IMAGINE what the coins you own could be worth in 2020?

Yet trading is a good way to make some bucks, and the experienced cryptotraders know what they are doing.
But for the newcomers this is scary, the moment they see the investment they made go down 5% they sell.

Its just repeating itself the last weeks.

My expectations of btc and eth are bright. Btc reaching the 5K mark at 2020. And eth going 1k.
Altcoins are such a gamble, for now they seem like a good way to make huge profits. But I dont see a real way of them getting used in the long future.

In short: Were at the pump and dump routine now, if we want this world to grow, have faith, let newcomers also gain trust in the cryptocurrency, countries will jump on this currenry the moment its truly developed and not some "gambling" market.
1st of August will either have a positive impact or a negative, I cant really give my expectations, cause at this moment the market is unpredictable.

What are you're thoughts? How you feel the market growing this year?





I think that this is probably going to be a watered down version of 2013, which is similar to right now.

There is definitely a trend of bitcoin price exploding after like a 1 year so after the halving, and then for like 2 years nobody seems to mention bitcoin in the news, everyone is no interested and prices are slowly dropping. In this sense i see this year's situation a bit like 2013. Price is probably going to readjust down to around $2000 each where i feel it is most comfortable and stable, and then just hover there, maybe go as low as $1500. This might not happen this year though, maybe starting next year. Because this year we'll still retest the $3000 level to see if it can be broken or not, and if we can break it then it is completely possible that this bull market stays till late this year and well into next year.

Total market cap seems to be stable at a level <100 billion which imo is completely natural. I'd rather have a stable bitcoin than a bitcoin that is constantly moving around no matter which direction.

That really is the risk for bitcoin or in all crypticurrencg in general as it has a very tumultous or shaky trend. It sometimes really depends on the market stock and there would be a perioid of decline that some buyers would believe it would explode once it finishes its decline.
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July 24, 2017, 09:21:10 AM
 #29

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

I disagree with this attitude

If traders choose to abandon Bitcoin, its price would crash instantly since it is supported exclusively by speculation. If you think otherwise, you are delusional, as simple as it gets. But when the price crashes, it won't be of any interest to anyone (ironically, except traders). You should understand that Bitcoin can have no volatility (or small volatility) only exactly at 0 price. There is no reason to use it in real economy since right now it sucks heavily when compared to the best of fiats

I'm not sure whether this is true. What about demand? The price would be still high if there were no speculation, but the demand for coins was high, am I right?

But I think we will never find it out because traders will never abandon bitcoin.  Smiley
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July 24, 2017, 09:30:55 AM
 #30

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

I disagree with this attitude

If traders choose to abandon Bitcoin, its price would crash instantly since it is supported exclusively by speculation. If you think otherwise, you are delusional, as simple as it gets. But when the price crashes, it won't be of any interest to anyone (ironically, except traders). You should understand that Bitcoin can have no volatility (or small volatility) only exactly at 0 price. There is no reason to use it in real economy since right now it sucks heavily when compared to the best of fiats

I'm not sure whether this is true. What about demand? The price would be still high if there were no speculation, but the demand for coins was high, am I right?

But I think we will never find it out because traders will never abandon bitcoin.  Smiley

The high demand for Bitcoin is provided mostly by speculators

It is just another way to say that the high prices that we see today are due to speculators trading, though at another, more technical level. Obviously, the market price is ultimately determined by the balance of supply and demand. So when we say that speculators bid up the price, it essentially means that it is their bids that massively increase demand. Simplistically, the supply of bitcoins is provided by miners while the demand for bitcoins by speculators. If the latter withdraw their bids, the price will instantly crash since the supply of bitcoins will massively exceed the demand for them, and it will be rebalanced at much lower levels (i.e. prices)
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July 24, 2017, 10:07:09 AM
 #31

We saw enormous grows the last years in the cryptoworld.
The marketcap was exploding the last years.

Because the fast growth, I expect the cryptoworld to slow down.

Look at the marketcap the last month/weeks, Its almost a pump and dump system these days.
Instead of people holding on to the coins they have and let the cryptoworld grow healthy, develop further and get more adopted by countries etc.

No, people get scared the moment the market cap gets to high and instant sell with little profit.
If this trend keeps going, I feel the cryptoworld going nowhere the coming 2 years.

This market is very very sensitive, were talking about a big future here.
Yet people want to make quick bucks and keep on pump and dumping.

I have no doubt in the following 4 years, the cryptoworld is at the 500B cap.
We all want to make money, thats why the most of us are investing anyway. But IMAGINE what the coins you own could be worth in 2020?

Yet trading is a good way to make some bucks, and the experienced cryptotraders know what they are doing.
But for the newcomers this is scary, the moment they see the investment they made go down 5% they sell.

Its just repeating itself the last weeks.

My expectations of btc and eth are bright. Btc reaching the 5K mark at 2020. And eth going 1k.
Altcoins are such a gamble, for now they seem like a good way to make huge profits. But I dont see a real way of them getting used in the long future.

In short: Were at the pump and dump routine now, if we want this world to grow, have faith, let newcomers also gain trust in the cryptocurrency, countries will jump on this currenry the moment its truly developed and not some "gambling" market.
1st of August will either have a positive impact or a negative, I cant really give my expectations, cause at this moment the market is unpredictable.

What are you're thoughts? How you feel the market growing this year?





"the last years". what does it mean ? Are you talking about the end of the cryptographic market? I think you are thinking wrong about what is happening. The cryptographic market is not dead, it is growing extremely fast and strong, followed by bitcoin, there are thousands of other coins being created, and they receive the attention of the whole world.

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July 24, 2017, 10:15:49 AM
 #32

I agree with you, i think that this pump has gone quite a long way, maybe just a little too long.

I really wouldn't be surprised at all if the entire cryptocurrency market cap just started to collapse after this year, perhaps to 50 billion. This would obviously mean that a lot of people will be losing money and whatnot but also would be a great buying opportunity for anyone that missed out on this ride.

However, i expect bitcoin dominance index to rise to at least 75% again despite this declining total market cap. Alts are in a much bigger bubble than bitcoin at the moment, in my opinion.

Over the long run bitcoin is extremely bullish at least to me, but short run price is still extremely volatile.

No, I never thought it would collapse, look at what happened, it has grown tremendously, especially recently, many people say that we are all in bubbles, and it's fragile, but I think it's still cherished, and it will not break.
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July 25, 2017, 10:01:54 AM
 #33

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

I disagree with this attitude

If traders choose to abandon Bitcoin, its price would crash instantly since it is supported exclusively by speculation. If you think otherwise, you are delusional, as simple as it gets. But when the price crashes, it won't be of any interest to anyone (ironically, except traders). You should understand that Bitcoin can have no volatility (or small volatility) only exactly at 0 price. There is no reason to use it in real economy since right now it sucks heavily when compared to the best of fiats

I'm not sure whether this is true. What about demand? The price would be still high if there were no speculation, but the demand for coins was high, am I right?

But I think we will never find it out because traders will never abandon bitcoin.  Smiley

The high demand for Bitcoin is provided mostly by speculators

It is just another way to say that the high prices that we see today are due to speculators trading, though at another, more technical level. Obviously, the market price is ultimately determined by the balance of supply and demand. So when we say that speculators bid up the price, it essentially means that it is their bids that massively increase demand. Simplistically, the supply of bitcoins is provided by miners while the demand for bitcoins by speculators. If the latter withdraw their bids, the price will instantly crash since the supply of bitcoins will massively exceed the demand for them, and it will be rebalanced at much lower levels (i.e. prices)

Maybe it's too early for this kind of thinking but I have an impression that there are more people who buy bitcoin in order to just invest their money not for trading. As I said, maybe it's too early for this now, but in the future there will be hundreds of thousands traders and dozens of millions of investors or just users of bitcoin and demand from the latter will dominate in determining the price of bitcoin.
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July 25, 2017, 10:40:39 AM
 #34

I agree with you, i think that this pump has gone quite a long way, maybe just a little too long.

I really wouldn't be surprised at all if the entire cryptocurrency market cap just started to collapse after this year, perhaps to 50 billion. This would obviously mean that a lot of people will be losing money and whatnot but also would be a great buying opportunity for anyone that missed out on this ride.

However, i expect bitcoin dominance index to rise to at least 75% again despite this declining total market cap. Alts are in a much bigger bubble than bitcoin at the moment, in my opinion.

Over the long run bitcoin is extremely bullish at least to me, but short run price is still extremely volatile.

No, I never thought it would collapse, look at what happened, it has grown tremendously, especially recently, many people say that we are all in bubbles, and it's fragile, but I think it's still cherished, and it will not break.
All the value on crypto world are by emotion of trader set price. They can correction price again when they fearing crypto market and increasing when they interesting. Not have rules can make the price of crypto stable, remember that!
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July 25, 2017, 11:26:01 AM
 #35

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

I disagree with this attitude

If traders choose to abandon Bitcoin, its price would crash instantly since it is supported exclusively by speculation. If you think otherwise, you are delusional, as simple as it gets. But when the price crashes, it won't be of any interest to anyone (ironically, except traders). You should understand that Bitcoin can have no volatility (or small volatility) only exactly at 0 price. There is no reason to use it in real economy since right now it sucks heavily when compared to the best of fiats

I'm not sure whether this is true. What about demand? The price would be still high if there were no speculation, but the demand for coins was high, am I right?

But I think we will never find it out because traders will never abandon bitcoin.  Smiley

The high demand for Bitcoin is provided mostly by speculators

It is just another way to say that the high prices that we see today are due to speculators trading, though at another, more technical level. Obviously, the market price is ultimately determined by the balance of supply and demand. So when we say that speculators bid up the price, it essentially means that it is their bids that massively increase demand. Simplistically, the supply of bitcoins is provided by miners while the demand for bitcoins by speculators. If the latter withdraw their bids, the price will instantly crash since the supply of bitcoins will massively exceed the demand for them, and it will be rebalanced at much lower levels (i.e. prices)

Maybe it's too early for this kind of thinking but I have an impression that there are more people who buy bitcoin in order to just invest their money not for trading. As I said, maybe it's too early for this now, but in the future there will be hundreds of thousands traders and dozens of millions of investors or just users of bitcoin and demand from the latter will dominate in determining the price of bitcoin.

For me this is now a e very challenging part of us here and we actually can't predict the fluctuations of bitcoins, as those with bigger fund were doing pump and dump of their holdings. They were trying to manipulate the price of their buy and sell ways which really made the price trend to move in an erratic scenario. This has been effecting a lot of coins in the crypto market specially those who expected good holdings to rise more of it's value; but certainly it won't be gaining good results as well. Many of the bitcoiners were dumping their assets now and it really made the market sensitive.
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July 25, 2017, 11:49:08 AM
 #36

Firstly, I don't think that the fluctuations in price are unhealthy for cryptocurrency. Secondly, if they were unhealthy we wouldn't be able to do anything about that anyway.

Some traders even say they would abandon bitcoin if it wasn't fluctuating so much.

Traders would abandon Bitcoin, though I highly doubt the users of Bitcoin would leave. As the biggest thing that people want in a currency is going to have to have SMALL or NO volatility in the currency so it has the same value day after day (minus inflation of course)

I disagree with this attitude

If traders choose to abandon Bitcoin, its price would crash instantly since it is supported exclusively by speculation. If you think otherwise, you are delusional, as simple as it gets. But when the price crashes, it won't be of any interest to anyone (ironically, except traders). You should understand that Bitcoin can have no volatility (or small volatility) only exactly at 0 price. There is no reason to use it in real economy since right now it sucks heavily when compared to the best of fiats

I'm not sure whether this is true. What about demand? The price would be still high if there were no speculation, but the demand for coins was high, am I right?

But I think we will never find it out because traders will never abandon bitcoin.  Smiley

The high demand for Bitcoin is provided mostly by speculators

It is just another way to say that the high prices that we see today are due to speculators trading, though at another, more technical level. Obviously, the market price is ultimately determined by the balance of supply and demand. So when we say that speculators bid up the price, it essentially means that it is their bids that massively increase demand. Simplistically, the supply of bitcoins is provided by miners while the demand for bitcoins by speculators. If the latter withdraw their bids, the price will instantly crash since the supply of bitcoins will massively exceed the demand for them, and it will be rebalanced at much lower levels (i.e. prices)

Maybe it's too early for this kind of thinking but I have an impression that there are more people who buy bitcoin in order to just invest their money not for trading. As I said, maybe it's too early for this now, but in the future there will be hundreds of thousands traders and dozens of millions of investors or just users of bitcoin and demand from the latter will dominate in determining the price of bitcoin.

For me this is now a e very challenging part of us here and we actually can't predict the fluctuations of bitcoins, as those with bigger fund were doing pump and dump of their holdings. They were trying to manipulate the price of their buy and sell ways which really made the price trend to move in an erratic scenario. This has been effecting a lot of coins in the crypto market specially those who expected good holdings to rise more of it's value; but certainly it won't be gaining good results as well. Many of the bitcoiners were dumping their assets now and it really made the market sensitive.

Yes, specially with the situation nearing the Aug 1 date, price movement is very challenging indeed. I just saw that bitcoin is now down to 7% after enjoying a high last couple of days. I think there is no dumping, but rather some big entities trying to manipulate again the price so that they can buy at cheaper price again. Also, we bitcoin price went down, alts follow as well. So I'm expecting those alts will be going red soon. I guess the situation really makes most of the traders nervous and sell or some big entities are really doing some thing behind the scene.

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July 25, 2017, 12:02:46 PM
 #37


We saw enormous grows the last years in the cryptoworld.
The marketcap was exploding the last years.

Because the fast growth, I expect the cryptoworld to slow down.

Look at the marketcap the last month/weeks, Its almost a pump and dump system these days.
Instead of people holding on to the coins they have and let the cryptoworld grow healthy, develop further and get more adopted by countries etc.

No, people get scared the moment the market cap gets to high and instant sell with little profit.
If this trend keeps going, I feel the cryptoworld going nowhere the coming 2 years.

This market is very very sensitive, were talking about a big future here.
Yet people want to make quick bucks and keep on pump and dumping.

I have no doubt in the following 4 years, the cryptoworld is at the 500B cap.
We all want to make money, thats why the most of us are investing anyway. But IMAGINE what the coins you own could be worth in 2020?

Yet trading is a good way to make some bucks, and the experienced cryptotraders know what they are doing.
But for the newcomers this is scary, the moment they see the investment they made go down 5% they sell.

Its just repeating itself the last weeks.

My expectations of btc and eth are bright. Btc reaching the 5K mark at 2020. And eth going 1k.
Altcoins are such a gamble, for now they seem like a good way to make huge profits. But I dont see a real way of them getting used in the long future.

In short: Were at the pump and dump routine now, if we want this world to grow, have faith, let newcomers also gain trust in the cryptocurrency, countries will jump on this currenry the moment its truly developed and not some "gambling" market.
1st of August will either have a positive impact or a negative, I cant really give my expectations, cause at this moment the market is unpredictable.

What are you're thoughts? How you feel the market growing this year?






It is high volatility of cryptocurrency market which keeps traders happy and involved in cryptocurrencies. Cryptocurrency market being unregulated and decentralised is quite vulnerable to speculations. But instead of considering this a threat, people should understand that this keeps Bitcoin and altcoins running. This helps in increasing the demand. Altcoin market will always remain uncertain. Shit coins will come and go. But top coins will keep on thriving. They have immense potential.
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July 25, 2017, 01:07:51 PM
 #38

The high demand for Bitcoin is provided mostly by speculators

It is just another way to say that the high prices that we see today are due to speculators trading, though at another, more technical level. Obviously, the market price is ultimately determined by the balance of supply and demand. So when we say that speculators bid up the price, it essentially means that it is their bids that massively increase demand. Simplistically, the supply of bitcoins is provided by miners while the demand for bitcoins by speculators. If the latter withdraw their bids, the price will instantly crash since the supply of bitcoins will massively exceed the demand for them, and it will be rebalanced at much lower levels (i.e. prices)

Maybe it's too early for this kind of thinking but I have an impression that there are more people who buy bitcoin in order to just invest their money not for trading. As I said, maybe it's too early for this now, but in the future there will be hundreds of thousands traders and dozens of millions of investors or just users of bitcoin and demand from the latter will dominate in determining the price of bitcoin

This doesn't change anything in particular

Speculators are not just those who buy today only to sell tomorrow. These are any people who are hoping to earn profits by buying low and selling high no matter how long it takes to wait for the price to rise. Indeed, such people most likely won't be called speculators since buying and holding for longer terms is considered as "investing", but, as to me, it is all six of one and half a dozen of the other, especially in respect to purely financial (read speculative) assets like Bitcoin (where you can only mostly via rise in price)
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July 25, 2017, 01:40:46 PM
 #39

I respect your opinion but 2020 is too much time for Bitcoin to reach $5K mark, I believe that bitcoin will reach $5K in next year itself and in the year 2020, the price is not going to be anywhere below $20K. Yes, this is my personal opinion and might be completely wrong. I agree with you that crypto market is sensitive at this moment and I think the reason is that, it is not yet established and there is a lack of awareness among the users. Recent price fall under pressure of 1 Aug event clearly highlighted that aspect but still, I am optimistic about the average maturity of crypto user will be much higher than that of today.

You are being overly optimistic. I don't think that Bitcoin will reach 20K USD in the year 2020. Bitcoin is experiencing a slow and steady growth these days as we all wait to see if any new development will happen on August 1. Bitcoin will continue to rise over the years and the people who will benefit most from this price rise will be the one holding them for a longer time. We are all in time to be these persons, we just have to stop acting impulsively to any pump and dump it may happen to bitcoin price these days. Remember patience is the virtue of the winners.
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July 25, 2017, 02:37:10 PM
 #40

I respect your opinion but 2020 is too much time for Bitcoin to reach $5K mark, I believe that bitcoin will reach $5K in next year itself and in the year 2020, the price is not going to be anywhere below $20K. Yes, this is my personal opinion and might be completely wrong. I agree with you that crypto market is sensitive at this moment and I think the reason is that, it is not yet established and there is a lack of awareness among the users. Recent price fall under pressure of 1 Aug event clearly highlighted that aspect but still, I am optimistic about the average maturity of crypto user will be much higher than that of today.

You are being overly optimistic. I don't think that Bitcoin will reach 20K USD in the year 2020. Bitcoin is experiencing a slow and steady growth these days as we all wait to see if any new development will happen on August 1. Bitcoin will continue to rise over the years and the people who will benefit most from this price rise will be the one holding them for a longer time. We are all in time to be these persons, we just have to stop acting impulsively to any pump and dump it may happen to bitcoin price these days. Remember patience is the virtue of the winners

Any such predictions are basically wild guessing indeed

Nevertheless, we should remember that in 2020 there will be the next halving, while the previous one was in 2016. And the price had been hanging around 650-700 dollars per coin before the effect of the 2016 reward halving began to kick in late September-early October last year (i.e. less than a year ago). We saw the price rise to 3,000 dollars, i.e. more than 4 times, so if nothing bad is going to happen during the next years (which a big assumption, really), we could well get past 10,000 dollars per coin in 2020 and later due to halving alone
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