erep
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August 31, 2017, 04:06:56 PM |
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It's a normal thing for bitcoin traders, in fact, am happy that the price is rising. I'm gonna sell 2-3 bitcoins when it hits $5k. I think we'll see a correction soon as I guess lots of holders waiting for $5k mark.
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Fappanu
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August 31, 2017, 04:09:47 PM |
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It's not, but I'm worried that it has not fallen and continues to increase. Because we are more difficult to buy bitcoins. If that happens, it's likely that a satoshi is harder to earn. But it's still too late to buy bitcoins because I'm sure that this is a good replacement in the future. And if that's happened. We will become a millionaire
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Minionnn
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August 31, 2017, 04:29:42 PM |
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Actually, I do not understand your post. But btc price fluctuations in the current do not make me feel very anxious. It is like the inherent transformations of the market. that's all.
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krishnapramod
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August 31, 2017, 04:49:02 PM |
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Hey,
thanks for your reply and interest. I agree, quite high volatility has been here and will be here, but from a personal standpoint I am a bit worried about the price rise as I do not understand the reason for that at the moment.
But back to the question: What would be indicators which would let your alarm bells ring?
Thanks for the help, Marcel
Obviously, bitcoin is volatile because of fluctuating supply and demand. Being limited in supply and increased demand, price rises. If more people are selling BTC than buying, price goes down. Speculation + supply/demand = volatility. Bitcoin has always been volatile and will be, from $1 to $4800, any alarm bells ringing? Numerous times it had been said that bitcoin is a bubble and would burst soon, equal number of bullish predictions have been made, governments legalising bitcoin, institutional investors getting into bitcoin, mainstream adoption. Where to find the indicators in all these There has been no other currency that has shown an exponential growth like bitcoin and this triggers the bubble warning, but the fact is there hasn't been something like bitcoin before in the history of money so it would be difficult to find indicators which would accurately predict how bitcoin volatility will play out.
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bitcoinseismograph (OP)
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August 31, 2017, 07:56:48 PM |
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What's new with volatility of Bitcoin? It's always been same. We have seen 50% drop many a time. 25% is still less. There is cut off period in July because of potential fork, buying activity decreased sharply and in August the same buying activity increased sharply as all the investors were waiting for August. Thus, volatility was inevitable. It was quite natural.
So I would rather say nice try to advertise your site.
Well, I totally agree that volatility is nothing new in Bitcoin, what I do not get is the level when it will raise concerns. Or how to find the information like you gave in your post, explaining the situation and putting high volatility numbers into context. The Bitcoin Seismograph is intended to provide the context for the numbers (by displaying ongoing top reddit and bitcointalk discussions), but I need some feedback at which constellations of Bitcoin indicators you need to have a deeper look into the context. Therefore, I am quite thankful for the discussion today despite the little advertising effect for http://www.bitcoinseismograph.com All the best, Marcel
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heppot
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August 31, 2017, 08:08:03 PM |
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i dont worry about that, as long as bitcoin is still a favorite and many people buy it in market exchange. even though the price is very expensive we must still believe that bitcoin prices will skyrocket again. look at the chart months by months or even yearly.
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cryp24x
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August 31, 2017, 08:12:37 PM |
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I am not worried because bitcoin nature is highly volatile, it is because of the speculative market. If we observe the market it is not just now that the bitcoin price is highly volatile, it was been acting like that ever since. So I guess instead of worrying, try to figure out how to take advantage of the price fluctuation.
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J. Cooper
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Alea iacta est
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August 31, 2017, 08:18:54 PM |
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I'm not too worried about the high volatility. You get used to it, if that makes sense. The market is still very young so this is quite normal. As money keeps flowing in the market should automatically stabilize itself.
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aardvark15
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August 31, 2017, 08:27:00 PM |
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Hi, I have a question as developer of the Bitcoin Seismograph ( http://www.bitcoinseismograph.com). The tool has identified a high Bitcoin volatility (above 25% for 60 days) due to recent price rises! So my question is, if you see that as a warning sign or just normal behavior of Bitcoin. At which volatility level would you be concerned? The Bitcoin Seismograph is intended to support Bitcoin community to monitor the Bitcoin ecosystem and identify unexpected developments earlier. It needs your feedback for finetuning the analysis algorithms. Thanks for your help, Marcel Bitcoin has always been very volatile so this is nothing now. It is still new technology and will be unstable for a while. The good news is that overall, the price moves upward which is a sign that there is demand for it. I think that the current high price is a good sign even if it's somewhat inflated right now. A correction could still leave the price over $3000 at this point.
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Irvinn
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August 31, 2017, 10:50:52 PM |
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It seems to me that the high volatility of the Crypto-currency, that is, the sharp jumps in its rate up and down, is not a drawback, but, on the contrary, the dignity of the crypto currency. With its high volatility, there is no stagnation or boredom. It is especially good at this to trade on stock exchanges. In addition, it is necessary to take into account that the general tendency of the Crypto-currency is the constant growth of their price, which significantly increases interest to it.
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countryfree
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Your country may be your worst enemy
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August 31, 2017, 11:15:27 PM |
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Worried is probably too much of a word, but I can't deny I'm concerned. The rise we're seeing is too fast, and without reasons. We still have the damned 1MB block size limit. Fees are high and transactions are slow. I know changes are coming, but we're still waiting for them. I wouldn't be surprised of a sharp drop.
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I used to be a citizen and a taxpayer. Those days are long gone.
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iram1011
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September 01, 2017, 02:22:14 PM |
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Worried is probably too much of a word, but I can't deny I'm concerned. The rise we're seeing is too fast, and without reasons. We still have the damned 1MB block size limit. Fees are high and transactions are slow. I know changes are coming, but we're still waiting for them. I wouldn't be surprised of a sharp drop.
I won't deny that a drop might happen in future. But I don't think reason would be high fees or slow transactions because regardless of high fees and slow transactions during August, price almost got double. I don't think majority of investors are worried about fees as most of the investors mainly hold Bitcoin and refrain from everyday transactions. They are more concerned about growing their money through Bitcoin. Moreover, recently due to Segwit implementation there is a slight decrease in fees.
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bitcoinseismograph (OP)
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September 01, 2017, 07:48:44 PM |
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It seems to me that the high volatility of the Crypto-currency, that is, the sharp jumps in its rate up and down, is not a drawback, but, on the contrary, the dignity of the crypto currency. With its high volatility, there is no stagnation or boredom. It is especially good at this to trade on stock exchanges. In addition, it is necessary to take into account that the general tendency of the Crypto-currency is the constant growth of their price, which significantly increases interest to it.
Well, I see your point that high volatility means no stagnation or boredom, but from a new user perspective, would a high price and high volatility decrease interest as my initial investment is aligned with high risk?
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bitbob82
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September 02, 2017, 08:13:48 PM |
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Hi, I have a question as developer of the Bitcoin Seismograph ( http://www.bitcoinseismograph.com). The tool has identified a high Bitcoin volatility (above 25% for 60 days) due to recent price rises! So my question is, if you see that as a warning sign or just normal behavior of Bitcoin. At which volatility level would you be concerned? The Bitcoin Seismograph is intended to support Bitcoin community to monitor the Bitcoin ecosystem and identify unexpected developments earlier. It needs your feedback for finetuning the analysis algorithms. Thanks for your help, Marcel Not exactly, if someone monitors and keeps an eye on the present and previous values of bitcoin, it should be identified earlier and anything worried will be solved on. The prices of bitcoin will grow more and more because of the people interest and trust. So I think there is nothing to worry about the high bitcoin prices volatility at the moment. We all have to wait for the coming situation.
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heitorlinks
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September 02, 2017, 09:17:48 PM |
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Hi, I have a question as developer of the Bitcoin Seismograph ( http://www.bitcoinseismograph.com). The tool has identified a high Bitcoin volatility (above 25% for 60 days) due to recent price rises! So my question is, if you see that as a warning sign or just normal behavior of Bitcoin. At which volatility level would you be concerned? The Bitcoin Seismograph is intended to support Bitcoin community to monitor the Bitcoin ecosystem and identify unexpected developments earlier. It needs your feedback for finetuning the analysis algorithms. Thanks for your help, Marcel Of course, a high volatility precludes transactions, but speaking as a Trader I think it's great hahahaha!
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South Park
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September 02, 2017, 10:29:15 PM |
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The Bitcoin's price is always volatile and that's a known fact about it since its creation almost. There is no new thing here, just you need to deal with it. But in the near future, the price will (most likely) keep rising for a while.
I agree, this has been an ongoing debate for so long. Bitcoin's price had been volatile ever since so I don't know why people keep on asking about its volatility. Volatility exist on any market but I think the question of the op is a valid one, bitcoin has been very volatile in the last weeks and months, at least more than usual, however I think this is just a sign of the important decisions that were taken in the last weeks with the activation of segwit and the bitcoin cash fork.
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the rise
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September 02, 2017, 10:29:51 PM |
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It seems to me that the high volatility of the Crypto-currency, that is, the sharp jumps in its rate up and down, is not a drawback, but, on the contrary, the dignity of the crypto currency. With its high volatility, there is no stagnation or boredom. It is especially good at this to trade on stock exchanges. In addition, it is necessary to take into account that the general tendency of the Crypto-currency is the constant growth of their price, which significantly increases interest to it.
Well, I see your point that high volatility means no stagnation or boredom, but from a new user perspective, would a high price and high volatility decrease interest as my initial investment is aligned with high risk? Many traders have their own style, and of course the majority of old traders will be happy with the current volumes, if perspectives are always high and rarely experience a decline then market conditions will automatically go down due to the level of boredom and small profits. Current volatility/fluctuations are very interesting.
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neurotypical
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September 02, 2017, 11:18:19 PM |
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Hi, I have a question as developer of the Bitcoin Seismograph ( http://www.bitcoinseismograph.com). The tool has identified a high Bitcoin volatility (above 25% for 60 days) due to recent price rises! So my question is, if you see that as a warning sign or just normal behavior of Bitcoin. At which volatility level would you be concerned? The Bitcoin Seismograph is intended to support Bitcoin community to monitor the Bitcoin ecosystem and identify unexpected developments earlier. It needs your feedback for finetuning the analysis algorithms. Thanks for your help, Marcel I have been here since 2013. I saw Bitcoin go all the way up to $1200 and then all the way down to $150. Needless to say that anything that im seeing now feels like a walk in the park, nothing faces me, im just relaxing and watching my wealth go up as we discover new floors. Meanwhile newbies are panicking everytime to price moves 100 bucks up and down, really amusing to be. Seasoned Bitcoin holders are still celebrating from such an unstoppable success. Can't wait to hit $10000 next year to see how all the idiots that panic sold during this dip will whine like.
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Zalfa_mui
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September 03, 2017, 01:26:39 AM |
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The Bitcoin's price is always volatile and that's a known fact about it since its creation almost. There is no new thing here, just you need to deal with it. But in the near future, the price will (most likely) keep rising for a while.
I agree, this has been an ongoing debate for so long. Bitcoin's price had been volatile ever since so I don't know why people keep on asking about its volatility. yes, the bitcoin price is fluctuating, why should worry and should be questioned ,, in fact we are all happy if bitcoin prices rise, we can sell our bitcoin, on the contrary, if bitcoin price down we can buy it ,, what we are looking for from bitcoin is a profit.
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DigitalLemming
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September 03, 2017, 01:40:03 AM |
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At this point I have found it easyer to just hold and care less about the price. The price is so volatile as is that It does me no good too worry if it will crash in the future. So far each and every time it has come back even stronger.
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