Fasten your seatbelts: Bitcoin volatility in for a wild ride

[DaMut]

crypto trading is always exciting and full of adrenaline,like a race.
everything is possible and everybody can become the champion,
the different between race and crypto is there will be no lose if you keep holding
because it won't let you down and always be back everywhere it goes.
from current prices everybody expecting correction,right ?
yeah,even if it's absolutly determined which side will be win,everybody will see correction because they want to maximize their profit.
but free worries,even if you buy at top right now,in a year or so you can sell it in there too or even more than that.

don't let your emotion take control even if you see Bitcoin prices goes down under 2000$ again,keep holding and stay strong

[lumeire]

don't let your emotion take control even if you see Bitcoin prices goes down under 2000$ again,keep holding and stay strong

It has been like this for what, at least the majority during the last 4 years. At this point, you should already know how to take advantage of the movements.

[xhienigat]

I don't think bitcoin is in for a wild ride because it had been progressing every year so it's not really a new thing especially for those who have been in this crypto trading for a long time. But I do am enjoying what has been happening because in the end all coins will eventually rise after August 1.

[fabiorem]

There will be a even more radical FUDrama in November. Bitcoin will rise to 10k til there and then will bounce to 1k, all in a single week. Then it will close the year at 5k.

[mongkie]

my bitcoin sensie said that the drama is over and be ready for the bitcoin rush, all aboard and get ready to hit the new peak of bitcoin. i think bitcoin will hit the $500,000  per bitcoin. btc always excites me!

[richardsNY]

There will be a even more radical FUDrama in November. Bitcoin will rise to 10k til there and then will bounce to 1k, all in a single week. Then it will close the year at 5k.

While I agree with the fud part, I seriously can't see the price go up that far with the hard fork incoming (albeit after around 3 months). I personally expect the price to go through the $3000 level tomorrow, or finally, coming Monday. After that we'll face a period of very wide fluctuations, where we at some point might even touch the $4000 level, but ultimately, I don't expect the price to touch or go over the $5000 level.

[que91]

There will be a even more radical FUDrama in November. Bitcoin will rise to 10k til there and then will bounce to 1k, all in a single week. Then it will close the year at 5k.

If Bitcoin do that, not trader on market still can trading in this time, because with a big market as Bitcoin have huge marketcap (although if compare other market still small), why easy control the price it just by some people want that?

[BitHodler]

It has been like this for what, at least the majority during the last 4 years. At this point, you should already know how to take advantage of the movements.

I must say that while in some cases it might look like an easy task taking full advantage of the volatility, but that's only if you look back after the market calmed down.

Things get a whole lot more serious when you have to put everything in action ~ people simply can't keep their head cool at the time the market moves into a different direction.

In my case I always stick to my positions, even if I have to wait weeks, or months for them to settle, but a lot people here don't have that patience and dedication.

[The_Dark_Knight]

The segwit has been locked. Next is to activate. This will be another FUDrama.

Nope, the next FUD will come from the hard fork planned by the miners as part of the New York agreement, we do not know if they are going to actually try to perform such a fork but prepare yourself to hear about it for the next weeks or months.

[Wind_FURY]

OP, you talk like the high volatility is a good thing. It is not good if you think about the merchants that accept Bitcoin. There is also the chance that it could go down below $2000 again. High volatility goes both ways.

[Celebrity]

OP, you talk like the high volatility is a good thing. It is not good if you think about the merchants that accept Bitcoin. There is also the chance that it could go down below $2000 again. High volatility goes both ways.

Yeah if I was a Merchant taking bitcoin from my customers I need to make hedge my fund received from a customer. OR the price should not move, bitcoin volatility kills the merchants. Some experts expect bitcoin volatility to decrease by years.

[eaLiTy]

OP, you talk like the high volatility is a good thing. It is not good if you think about the merchants that accept Bitcoin. There is also the chance that it could go down below $2000 again. High volatility goes both ways.

Yeah if I was a Merchant taking bitcoin from my customers I need to make hedge my fund received from a customer. OR the price should not move, bitcoin volatility kills the merchants. Some experts expect bitcoin volatility to decrease by years.

You really do not hedge anything,there are better ways to do that,in Japan they are using bitflyer as a point of sale payment infrastructure,find out a good gateway which could convert your bitcoins into fiat immediately upon payment from the customers and then you are good to go,things are not that complicated like you think  but the volatility of bitcoin still continues and i am expecting a wild ride in the coming months.

[The_Dark_Knight]

don't let your emotion take control even if you see Bitcoin prices goes down under 2000$ again,keep holding and stay strong

It has been like this for what, at least the majority during the last 4 years. At this point, you should already know how to take advantage of the movements.

Correct, bitcoin goes up and then it stays there for a time and then a drop in price happens, anyone that has been long enough should learn to recognize that pattern, you can make some good money by just waiting for the those big movements and buying and selling at the right time.

[iamTom123]

crypto trading is always exciting and full of adrenaline,like a race. everything is possible and everybody can become the champion, the different between race and crypto is there will be no lose if you keep holding because it won't let you down and always be back everywhere it goes. from current prices everybody expecting correction,right ? yeah,even if it's absolutly determined which side will be win,everybody will see correction because they want to maximize their profit.
but free worries,even if you buy at top right now,in a year or so you can sell it in there too or even more than that.
don't let your emotion take control even if you see Bitcoin prices goes down under 2000$ again,keep holding and stay strong

In cryptocurrency, one of the best strategies is just holding and waiting for the value to rise. There will always be a great volatility from time to time so we need to envision a long-term mindset. Of course, I am talking here about Bitcoin and not just any other altcoin though there are also many bright stars in the thousands of altcoins we have around as many of them are really representing real value and good technology behind.

Right now, we have some turbulence in the Bitcoin ecosystem because of the coming scaling deadline in August 1. When the whole mess is smoothed and the dusts settled, I am expecting a more vibrant and impulsive Bitcoin which many holders would be so happy with.

[hangar18]

don't let your emotion take control even if you see Bitcoin prices goes down under 2000$ again,keep holding and stay strong

It has been like this for what, at least the majority during the last 4 years. At this point, you should already know how to take advantage of the movements.

Correct, bitcoin goes up and then it stays there for a time and then a drop in price happens, anyone that has been long enough should learn to recognize that pattern, you can make some good money by just waiting for the those big movements and buying and selling at the right time.

Important in that time you need have funds to buying Bitcoin. How to do that? Need take profit before the price of Bitcoin crashing. This is reason always have topic warning holder Bitcoin when reach $2900 in past week.

[HasHe]

I think you are right but I do not think we are going to see anything as wild bitcoin price has gone up today with the news that BIP 91 has locked in, this has created optimism in the market since that means bitcoin is going to activate segwit imminently so I think the most important part already happened those that bough bitcoin at lower prices are going to earn a lot.

Yes,as expected,bitcoin price has started to recover after weak hands finished all of their sellings to big whales at cheap price.All the FUD has got settled and now bitcoin's price is around $2557 today.But it could grow further high after august 1 after which bitcoin price is expected to skyrocket.

[The_Dark_Knight]

don't let your emotion take control even if you see Bitcoin prices goes down under 2000$ again,keep holding and stay strong

It has been like this for what, at least the majority during the last 4 years. At this point, you should already know how to take advantage of the movements.

Correct, bitcoin goes up and then it stays there for a time and then a drop in price happens, anyone that has been long enough should learn to recognize that pattern, you can make some good money by just waiting for the those big movements and buying and selling at the right time.

Important in that time you need have funds to buying Bitcoin. How to do that? Need take profit before the price of Bitcoin crashing. This is reason always have topic warning holder Bitcoin when reach $2900 in past week.

The easiest way to have cash in those moments when the price of bitcoin goes down is to just get a job and save as much as you can and then use it when that happens, another thing you can do is to select a small portion of your bitcoin for this, you sell when the price is high and when it goes down a lot you use that money to buy even more bitcoin.