The price is out of control

[deepika the crypto girl]

Bitcoin is making a HUGE statement today showing all the altcoins who the king of crypto is! . I'm expecting a correction anytime now. But then again, I have been expecting a correction since $5000. Its going to be the best christmas this year. Hurrrrrrrrrrrrrayyyyyyyyyyyyyy

[buggy166]

I do not believe that the price of bitcoin can go out of control. There are people who have a lot of coins. They can't release control over the pricing of their hands. As a result, they can lose a lot of money. It seems to me that they turned the pump on purpose. Perhaps speculators are afraid of futures and preparing to leave the market of bitcoin.

Bitcoin is decentralized one,

lol? what are you smoking? Big $ control bitcoin.

You think normal users own multiple $10-20 mil farming ops in their backyards? There's nothing decentralized about bitcoin.

The more it approaches its max mined coins, the more centralized it gets.

Big $ players will accumulate most of it.

[kleinkrypto]

Bitcoin is decentralized one,so no one can control the price of bitcoin.The price of bitcoin is 16,153$,it crossed the 16.1k$.It just an miracle to see this price.Many holders had a very good news and will get their christmas gift for the bitcoin.No one will allow to bitcoin to end,many had inverse their money in bitcoin.

Thank you for sharing this link, we all have to be reminde of the scenarious that can happen any time now. Right now, banks and goverments all over the globus put an eye on bitcoin and see the danger for their controlled financial world. What do you think will happen if US and/or Eurozone build an own, modern cryptocurrency and put all the power and money into it? Most bitcoiner are impressed by big figures nowadays, but all bitcoin are worth a shit if the institunonal world starts to strike back. Even Bill gates alone could buy all excisting bitcoins in one day (theoretically).

So dont missunderstand me, i love BTC, but do not make the mistake and count on 100.000,-

[Theb]

This is one of the bad effects of Bitcoin entering into a new all time high. Every time Bitcoin goes up the buyer's confidence goes down as we are entering into uncharted territories again. But basing it on the charts the price increase is also supported by a healthy volume which means we know that is not getting played by some whales as small players are also participating and buying even at this price point. Remember if you are not sure with the price you can always check its charts.

[gyu22]

In my humble opinion it is under control, the question is - by whom control? Chinese maybe..

What if nobody controls btc. Why the Chinesw? Why not the Japanese, Autralian...? Bitcoin is suposed to be decentralized, so...

[Yarsk]

How can we say the rise in the price of bitcoin is at alarming rate, when we have never been told the maximum bitcoin can go in terms of price ratios. What influence bitcoin price most is it demands and the level of it popularity and acceptability and all this is increasing this few day and we should also expecte more price rise, if you have bitcoin and you have the mind to hold I advice you keep on holding. And if you can not you are free to sell your bitcoin at any time you wish.

[Nowherman]

The growth of bitcoin is not such an unusual thing for experienced crypto-currency market professionals.
Virtually any crypto currency can grow daily by 50%, 100% and even more. But BTC has huge volumes and impressive capitalization.
Although it is quite far from the volume of the foreign exchange market. Therefore, I believe that the bitcoin's growth potential remains.

[Majharul Saiif]

Yes,the price is out of control.Because, it had reached a huge amount yet and continuously it's price is increasing. Bitcoin price is so high now.For that we can say without any doubt that the price is out of control.

[bitcampaign]

yes indeed when prices soared because bitcoin prices out of control and then a little happy and happy because it could be bitcoin prices will collide until uncontrolled too, now I know because the number of new users and what happens is the whale that pumps the price increase so skyrocket bitcoin , so if the low bitcoin price you try to buy more for you save until the bitcoin price will skyrocket again

[bitfools]

yes indeed when prices soared because bitcoin prices out of control and then a little happy and happy because it could be bitcoin prices will collide until uncontrolled too, now I know because the number of new users and what happens is the whale that pumps the price increase so skyrocket bitcoin , so if the low bitcoin price you try to buy more for you save until the bitcoin price will skyrocket again

Quick call the GOV

We need a new agency,

Let's call it the Federal Bureau of Bitcoin Control, and then we'll never again worry, everything will be under control

WHat's it about 'control'

Satoshi created bitcoin to be a peer2peer network, where poor people could circumvent banks, no element of control , unless you own +51% of the consensus, and bitcoin is a million cats that all hate each other, ppl can't even find consensus on the number of bits in a byte

[Zirnitra]

Im worried by BTC/Altcoin correlations. This insane spike is literally slaughtering the market. 

[baundul]

theymos Presented a very good reflection. The price that Bitcoin has raised over the past 4 years is unbelief. Bitcoin or other currency, it is impossible to guess whether the price will increase or decrise, morever the price increases. It is seen that the price is rising and I bought it, I will go up in the morning and sit in the street. If there is a bitcoin then it can be holed.

[Saifher]

I really hope people are still keeping true to the "only invest what you can afford to lose" mantra, otherwise bitcoin might end up ruining a lot of peoples financial lives.

Bitcoin is great and blockchain is great, but dont risk you or your families future trying to chase money. There are many things that are more important in life.

[Piercoin]

Well, your post is another good reminder about the golden rule of BTC investing -- Never buy at the top.

If you're hodler and you actually can afford to lose whatever you have then just continue to hodl otherwise, you may think about selling.

The general ideology of hodl is  about long term hodlin and I'm sure that BTC will be even bigger in a year (or more) so  long term hodlers won't realy lose their money. Anyway selling now and then buying at bigger price will still increase your btc amount.

"Never buy at the top" is hard to operate. If I would not have bought BTC at the time where it was 5k, which was a ATH at the time and just waited, then I would have missed a great opportunity.
It is to me more whether you feel and expect the BTC price to go higher. At the end of the day, if in a year from now BTC is worth 50k, whether you bought it 5k or 15k does not make such a big difference.

[katinko]

I do not believe that the price of bitcoin can go out of control. There are people who have a lot of coins. They can't release control over the pricing of their hands. As a result, they can lose a lot of money. It seems to me that they turned the pump on purpose. Perhaps speculators are afraid of futures and preparing to leave the market of bitcoin.

Lol no one will control crypto currency that is why its ok to say that bitcoin value is out of control, and as we can see right now value are constantly fluctuating no one will want like this because it getting my heart beat fast, i do not think it was good for the future of bitcoin.

In my humble opinion it is under control, the question is - by whom control? Chinese maybe..

What if nobody controls btc. Why the Chinesw? Why not the Japanese, Autralian...? Bitcoin is suposed to be decentralized, so...

like what i said above that no ones controlling bitcoin, value may based on the demand on the market and i think it happens because of massive adoption by many people and also it getting more popular in this world.

Im worried by BTC/Altcoin correlations. This insane spike is literally slaughtering the market.  

Me also i am worried, hoping that this would give better result.

[HALLASTERA]

I know that everyone gets excited when the price is increasing but you should probably think about this twice, those who don't have bitcoin yet, should probably wait a little bit more before buying, just to see how things will go in the upcoming hours/days and as for those who already have bitcoin, If you're hodler and you actually can afford to lose whatever you have then just continue to hodl otherwise, you may think about selling. In the meantime, I suggest reading the post by theymos on Reddit, very useful.

You one of them who give to us information not hype about "Bitcoin price currently very low and etc" . I think who have more than 20 bitcoins must sell something but for me holder of 4 bitcoin have no reason sell them)

[streetlight]

How is it out of control? Bitcoin is decentralized... therefore it is impossible to control Bitcoin in the first place. Actually, I just proved myself wrong, because Bitcoin literally - by definition - is out of control.

[Vaculin]

Yes,the price is out of control.Because, it had reached a huge amount yet and continuously it's price is increasing. Bitcoin price is so high now.For that we can say without any doubt that the price is out of control.

Right.But even in the first place since bitcoin is decentralized,no one really can ever control the price of bitcoin.Especially now that the price has become so expensive,all users and investors in the market are really happy to see the price continue growing.

[wisdomcn]

Well since from the invention of bitcoin the price have never been controlled that is the main reason it is difficulty for any government or financial institution to regulate bitcoin. At this time, anyone who has the interest of bitcoin at heart and whose motive is beyond the profit and the ever increasing price needs to be more cautious at this time for those who probably wants to come in now should first of all understand the risk involved in cryptocurrencies in general.

[Yamifoud]

I know that everyone gets excited when the price is increasing but you should probably think about this twice, those who don't have bitcoin yet, should probably wait a little bit more before buying, just to see how things will go in the upcoming hours/days and as for those who already have bitcoin, If you're hodler and you actually can afford to lose whatever you have then just continue to hodl otherwise, you may think about selling. In the meantime, I suggest reading the post by theymos on Reddit, very useful.

The final decision is from our own, the message from theymos is a biggest thing to ponder and it really gives us a way to think many times before making a hard decision. It is important that we should always think the positive and negative side that are possible to happen for the incoming. Though we should be positive but, of what happen to bitcoin before still have any possibilities that will happen again and we should be prepared for that.