Bitcoin has seen the currency gain nearly $3,000 in a day - Is this healthy?

[mmhaimhai]

What a crazy week!

Bitcoin has seen the currency gain nearly $3,000 in a day, and $6,000 in a week.
On Coinbase, it was trading at $19,000 at one stage today.
South Korea, as usual, saw the highest prices, at over $19,000 on Bithumb.

https://coinblip.com/blog/another-historic-day-in-the-life-of-bitcoin/

Is this healthy for Bitcoin in the long run?

I dont know what to say but Im really curious what makes btc pump rapidly and what sure is its good for holders with huge btc stored in their wallet they have already really big profit as of now

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[Marry Finch]

Such a rapid growth of the bitcoin rate is not a good indicator for bitcoin, since such an upswing will inevitably have its same sharp decline. Such volatility is a factor that will unbalance the economy of any country and the state will be forced to defend itself against such a negative factor by setting various restrictions and prohibitions on bitcoins.

[pageraji]

this is unhealthy for people who just watch it or just have 0.00001 btc, its really hurt guys, regrets first not invest 1 year ago..

[bluegreen9]

In Korea, bit coin is steadily rising vertically. Bitcoin transactions are happening on several exchanges including BITHUMB.

[lvincent]

Well i'm also shocked that bitcoin gain $3000 in 24 hrs and i'm a little bit scared right now we all know that that faster bitcoins value rise the faster that  there will be a price correction although right now its a good thing that i profit a lot just need to be careful to make the right decision when to hold or sell.

[daweller]

Today when I woke up, btc was at $16,700
Over the day it was going up and down untill a couple hours ago it was around $14500
But, over the last hour... shot up again to $16500... and who knows what tomorrow will bring...

I think the big boys are now buying and selling btc, causing bigger fluxuations
Dont let it bug you... try only looking at the price every Friday

[anigoweb]

If it continues to grow at the same Bitcoin speed, then it can end badly for everyone:)

[joeyvdt]

I think it isn't very healthy. There could be a bigger correction comming soon but nobodu knows when (and if). One rule: only invest what you are willing to lose.

[oegarod]

This doesn't make any negative impact upon the growth, because all that happening with bitcoin seems to be the real growth. Apart from that, what's been taking place is completely upon the predictions made by enthusiasts who were the base for several cryptocurrency development programs.

[cryptorami]

Very unhealthy situation. But it was precisely from this angle that new technologies entered human life.

[A1exander]

I think it's not very healthy. I was somewhat relieved when I saw this morning that there was a small correction, about 15%. Stabilization with small fluctuations would be the best scenario.

[JeBro]

Perhaps such a crazy bitcoin growth associated with the intention to bring it to futures trading. It will be possible to shorten bitcoin. Accordingly, the higher price of BTC, the more profit will be on short positions. Let,s wait on December, 12th and then we'll see.

[woas4]

Bitcoin is still in the price discovery range, so i dont think calling it unhealthy is right... We are on the verge of mass adoption, so anything could happen in a very short time frame.

With that said, i think we're due for a correction now, but nothing too big, just a few thousands in my opinion, to a 12-13k support level.

[earnmoneyonl]

I quite worry about the bitcoin price now. It is increased too fast while people now trying to buying a massive amount and it looks like a dominos.

[kampus33]

What a crazy week!

Bitcoin has seen the currency gain nearly $3,000 in a day, and $6,000 in a week.
On Coinbase, it was trading at $19,000 at one stage today.
South Korea, as usual, saw the highest prices, at over $19,000 on Bithumb.

https://coinblip.com/blog/another-historic-day-in-the-life-of-bitcoin/

Is this healthy for Bitcoin in the long run?

Wow, a very significant increase.
If BitCoin continues to rise then the miners of BitCoin will prosper

[earnmoneyonl]

I think it is still healthy but I am not sure about it. It is increased too fast and unpredictable so I am in the middle.