Is it good side or bad side?

[Andyroyal]

Recently bitcoin price is growing up day by day and already it has crossed usd 10,000. what indicats it?  when it may stop increasing?  Though it is good for bitcoin holders but overall is it good side or bad side for btc in future?

[1715181844]

1715181844

[1715181844]

1715181844

[CoinsCoinsEverywhere]

Recently bitcoin price is growing up day by day and already it has crossed usd 10,000. what indicats it?  when it may stop increasing?  Though it is good for bitcoin holders but overall is it good side or bad side for btc in future?

Regarding the skyrocketing price, it's certainly good to see it keep going--shows lots of interest.  But some, including myself, are becoming somewhat concerned about how fast it's moving up.  Auction-based financial markets like bitcoin need to maintain a fairly steady rate of increase with periodic pullback and consolidation (sideways price movement) periods to maintain a healthy trend.  Acceleration to the upside can cause the market to get out of balance and subsequently lead to pullback/crash of greater magnitude.

As far as when it might stop going up, the short answer is that no one knows.  You can try to predict when it might turn around in the short term using technical analysis.  In the long term, while there is substantial risk, many around here believe that we will see much higher prices.

[dlhezter]

Recently bitcoin price is growing up day by day and already it has crossed usd 10,000. what indicats it?  when it may stop increasing?  Though it is good for bitcoin holders but overall is it good side or bad side for btc in future?

its really good for those investors who have/holding huge amount of bitcoin, a huge profits are in there and that indicates of success. but the as you can see, the skyrocket phenomenon of this bitcoin has good side and bad side, in my own opinion the bad side is more newbie investors that want to invest in bitcoin are cannot afford to buy more bitcoin and others are thinking that it has a risk on it, we dont hide the facts that this bitcoin become a bubble and soon to pop-out. and the good side are for those some whales and former investors that holding some bitcoin, they can earn more and more profits day by day and no doubt they are all rich.

[Rony24h7]

Growing up day by day or increasing bitcoin value it's good for who are invest or by some bitcoin. No one know where is stop increasing bitcoin value. but maybe it's something bad for market.

[dothebeats]

Good if all fundamentals are at one with the price increase but if not, *heavy sigh* it may be a bubble ^{just kidding}. Anyways, it is good to see that price is increasing, but seeing it increase rapidly is straight out scary, especially if there are no driving factors accompanying the price increase. Either way, a profit is a profit at the end of the day, and I'm happy to take it no matter which way it is presented.

[Ahsan Aly]

Yes i agree with you it's an opportunity for everyone not only for investors, Some people are doing as jobs and some doing for Bonus. But how it effect badly on market can you explain it ? if it rises day by day that is quite profitable for everyone who invest in it.

[rgbrt]

It is definitely a good sign, as you can see many merchants have started accepting Bitcoin for the payments. Soon it will be accepted in many countries so that the price will even higher soon.

[TaKlarPH]

For others who replied good I am with them.

Its good because because now it really shows the people want bitcoin and many are into it. As a bitcoin holders it is a benefit because in any chance a bitcoin holders is patients that he or she see that bitcoin the increase more than 10 000 USD or 11 000 USD. You bought bitcoin for 1000 USD dollers and will with that you can be rich if bitcoin has the possibility to reach 20 000 USD.

Bad as well because I see that other coins as well is decreasing I cant explain why because I see that bitcoin is increasing other coins as well is decreasing and if bitcoin value increase same goes for the others coins.

[Jayrmalakas]

for me is good because while bitcoin is taking on the market, the more investors will be able to increase it, the investors will not be able to support it. The bad side is that bitcoin money can not be used In the major markets, such as groceries, drugstores, hardware, markets, and sm supermalls, it may be time for us to have a bitcoin credii card

[abdullahmonim]

I think that depends on which side you are on. If you are a BTC holder, then of course it's a good thing. But if you aren't then it's expensive for you. There's also the factor of inflation of course but, mostly it's good for the future of bitcoin.

[RomaMarquez]

Of course it's good for long-holders but it's moving up too fast. But in long-run it can rise so high that we maybe can't imagine now

[popeye95]

Not everything is black and while and so it what you called good side or bad side. If there was profit and you, as holder have the chance then it was your own jugedment to make good call or bad call