The price is out of control

[samuraijin]

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.

agree with what you say, that bitcoin can not take off because there is a whale factor that will eat bitcoin until the value of that price will boost in the market

[HasHe]

In the meantime, I suggest reading the post by theymos on Reddit, very useful.

That was really a great post by Theymos.It explains clearly the current scenario and uncertainty prevailing in the bitcoin price.Most of the bitcoin holders are excited on seeing bitcoin's continuous increase in price.But they fail to realize that it clearly seems to be a bubble and no body knows when it would burst.The rise in bitcoin price is really unbelievable and i have been in the bitcoin market for two years.I'm really afraid to face the possible crash.Once it happens,critics would once again wake up from sleep and would once again start their duty of criticizing bitcoin.

[KuromaYoichi]

At first i was happy when the price increase so much passing 10.000 mark, but now i'm scared because the increase is so fast and already passed 15.000. The price in my local country exchange is way more out of control, more than $20.000 last night. People get way to excited and now i have no idea how low the correction will go.

[care2yak]

did you know that one of the main gateways to the world of bitcoin in my area is having demand issues? i haven't read any official statement from their end yet but based on other users like me, there's not much bitcoin to sell buyers. buyers are willing to buy at any rate, but the problem is that, there's no bitcoin to buy. hodlers using the service are just that - hodling. is it possible that they've run out of btc to sell? so demand is still high.... price will really rise all the more right?

[jamelyn]

yes no more to stop the bitcoin. so many people panic to sell it. Others continue to sell or buy bitcoin so they grow. next year maybe it will take 1m bitcoin. It's not surprising because of the bitcoin speed increase.

[LTCendmanagement]

The current price is not normal, be careful with the unexpected price drop. Whether anyone who plays this price, do not panic buy or panic sell.

[bitcad4u]

The current price is not normal, be careful with the unexpected price drop. Whether anyone who plays this price, do not panic buy or panic sell.

The bitcoin is a digital currency system and it price was increased day by day  and current price is not normal and today rate of bitcoin is $15427 and it's touch $17153  so it price was out of control so be careful and do the process it may go drop tommorow itself so if you have bitcoin and you may trading now it's self because bitcoin price was out of control.

[Kemarit]

At first i was happy when the price increase so much passing 10.000 mark, but now i'm scared because the increase is so fast and already passed 15.000. The price in my local country exchange is way more out of control, more than $20.000 last night. People get way to excited and now i have no idea how low the correction will go.

It's really scary at the rate of demand causing bitcoin to price skyrocketed to $18,000 in western exchanges and more than $20,000 is Korean exchanges. But we are now seeing price correction between $15,000-$16,000. Maybe the news that Korean government is banning bitcoin future contracts or just people cashing it out to make a profit that's causing this sudden dump. However, $15,000? It's still not normal and way above any casual like me to enter and buy bitcoin. Only those who have a lot of funds to invest is willing to buy at this price. But I still expect the price to continue its spectacular rise until December 10 when we all see the first bitcoin future contracts offering by CBOE. So this madness and illogical at top price will go on.

[posoa]

The price is already out of control and we cannot yet predict what it is going to be at the end of 2018. Many who have been able to invest in Bitcoin are actually looking at the very high cost of Bitcoin and after trying and have bought it, assuming if the price falls? these are part of the questions and thoughts that runs in the minds of many who actually are really interested in investing in Bitcoin.For those who have bitcoin already they will benefit from the increase, while those who are just investing now actually have to be at alert and also would want to reap the gain for their investments as well.

[fulmetal08larz]

This is entirely true, the network is now congested, fees are higher, transactions are slow. Very alarming indeed but not for long term hodlers. We believe that for the long term, bitcoin is the future of money and have the potential to take over fiat.

[Deubila]

I do not think so. The current price of bitcoin is quite high but not out of control. Because everyone has a belief that bitcoin will rise to $ 20,000, it is not hard to understand if the bitcoin reaches $ 50,000

[bribed]

At first i was happy when the price increase so much passing 10.000 mark, but now i'm scared because the increase is so fast and already passed 15.000. The price in my local country exchange is way more out of control, more than $20.000 last night. People get way to excited and now i have no idea how low the correction will go.

Same here, when it hit $10,000 I was euphoric, this was fast too, and at that time I also wished that the rise to $10,000 would have been slower and more organic, but its nothing compared to the soar up to $15,000 and even higher. Its really out of control and nobody can know where this is going. It can crash really hard and then many people that didnt sell or that invested late because of the hype will be very disappointed. Time will tell.

[christian07]

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.

that's good if the price is out of control if you have already a lot of btc because you can buy and sell it in high price that's the positive of the volatile price that we experience now,i think you can earn big now if you have 1 btc because it's going down and going up in hours.So buy bitcoin if the price is down then sell it in high that's all

[sfr2017]

what happen?

the price is increasing this days very quickly

the banks are afraid from bitcoin

i think it will happen a thing

[Malaya]

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.

Bitcoin's price movement is really out of control for the past few weeks. However, it still doesn't stop people to keep buying and investing in it even the risk of maybe losing everything in a bubble might happen soon. We don't actually know. But that's the nature of any risk when you invest in anything. Whatever will happen, I will continue to invest on bitcoin for the gain is in long-term.

[jerry0]

Is this good for bitcoin daytraders then?

[khaled0111]

It is really confusing. I tried to analyze what is going on but i was not able to come out with a conclusion.
In one hand, too many people are trying to buy (huge demand) meaning that the price will rise more.
In the other hand, many holders started panicking because they expect a near price correction (huge supply).

Most likely the price will keep rising but it will be wise to be careful when investing during next days.

[PepperaOnIt]

i was check the price from time to time. the bitcoin price is so huge now that makes all the holders of bitcoin trade it for cash but some of them buy bitcoin so the price is truly out of control now. this is good time for the bitcoin holders to sell their coin because the price is almost 20k dollars now.

[brickafterbrickwalldpt]

I don't exactly believe in a sudden bubble burst, but the vapid changes in bitcoin exchange rate have been making me feel a bit uneasy. It's mostly just being a far away observer for me currently, if the 'dam' ruptures in any highly unlikely situation I'm prepared to sell my bitcoins and jump off the boat. Sike, not. I'm way too optimistic and while this is something to worry about I'm not really into the crypto doomsday kind of thing.

[wielkiemonety]

Tak szybko to wszystko idzie że naprawdę nie wiem gdzie to może się skończyć.. Jak walnie $20,000 to wtedy będzie barierka psychologiczna zniszcona. $1 trillion market cap??