tomasw66 (OP)
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December 30, 2017, 08:34:36 PM |
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Will bitcoin price ever cease to fluctuate so hard? I mean currently it seems as if it's fluctuating just because of the trends among people who believe that investing into bitcoin, given some time, is 100% profit. But what if the so called bubble would burst, shouldn't the price get more stable?
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jossiel
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December 30, 2017, 08:44:23 PM |
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Okay again with this bubble.
Let's assume that bubble has already burst,people that are thinking that it isn't popping yet. Do you realize that bitcoin has fell down at $19,000 - $12,000.
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Viscera
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December 30, 2017, 08:55:40 PM |
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It's part of manipulation but i think bitcoin will not hit hard to the floor i mean bitcoin will not reach 0 but it will dump a 50% price and will bounce back to 250% or more that's a good price movement of bitcoin as of now we could see some good and bad news of bitcoin but currently the state of bitcoin is purely speculative to those who don't believe
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Cryptoforus Columbus
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December 30, 2017, 09:34:04 PM |
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It's difficult to make prediction, moreover that there is a big manipulation power by whales.
But I this that in some weeks bitcoin will start to rise again
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Hydrogen
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December 30, 2017, 09:35:37 PM |
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The increased nature of speculation in crypto markets appear to contribute towards volatility. This added speculation contrasts with bitcoin traditionally being viewed as a store of long term value.
Wild price fluctuations aren't evidence of bitcoin being a bubble. It has more to do with traders wildly pumping and dumping to earn their profits.
Bitcoin's price decline isn't evidence of a bubble popping. It moreso means traders view bitcoin's all time high as a "ceiling" that is difficult to overcome. And so they withdraw their funds from bitcoin & find other things to buy instead. Also when bitcoin is viewed as being "undervalued" its heavily bought causing the price to shoot back up, again.
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player514
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December 30, 2017, 09:47:39 PM |
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Will bitcoin price ever cease to fluctuate so hard? I mean currently it seems as if it's fluctuating just because of the trends among people who believe that investing into bitcoin, given some time, is 100% profit. But what if the so called bubble would burst, shouldn't the price get more stable?
Probably not. Bitcoin at it's core has a value determined by the investors and the users. With that, we know that there is no physical backing behind it. Because of that, it's hard to effectively price the coin. Bitcoin, I'd say is not really a bubble right now. For a bubble, I'd say that the price needs to be inflated. Right now, Bitcoin has been going down and I think a bubble has already burst. I doubt that we'll see a calmer Bitcoin in the near future |
This area is up for grabs! PM me if you're interested.
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yinyangwinwang
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December 30, 2017, 10:14:50 PM |
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It will cease to be vulnerable to such decreases one day but that day to everybody is unknown. I thought it would come at bitcoin 25k but there doesn't seem to be enough stability there just yet. Now I am looking for a one trillion market cap for bitcoin or 100k bitcoin to be around the time where bitcoin gets more stable. I don't know which it will be but here is hoping the latter can calm bitcoin swings down.
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Qartersa
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December 30, 2017, 10:21:47 PM |
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Will bitcoin price ever cease to fluctuate so hard? I mean currently it seems as if it's fluctuating just because of the trends among people who believe that investing into bitcoin, given some time, is 100% profit. But what if the so called bubble would burst, shouldn't the price get more stable?
We can't really do anything about the price fluctuations right now since bitcoin prices are really driven merely by the supply and demand of bitcoins, and right now the equilibrium cannot be determined yet due to the fact that everybody is just holding it for speculative investment. Probably when we reach a point where it is being used in our day to day lives the price of bitcoins would stabilize because the supply and demand would be extremely stable already. That is my theory if bitcoins becomes mainstream and used similarly on how we use fiat currency. But maybe that would still take a few years down the line. |
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miyong
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December 30, 2017, 11:05:20 PM |
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It's part of manipulation but i think bitcoin will not hit hard to the floor i mean bitcoin will not reach 0 but it will dump a 50% price and will bounce back to 250% or more that's a good price movement of bitcoin as of now we could see some good and bad news of bitcoin but currently the state of bitcoin is purely speculative to those who don't believe
True, i think bitcoin price will become lower than we expected but not that lower that eventually lost it's value. |
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jigzaheedcoin
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December 30, 2017, 11:13:10 PM |
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The increased nature of speculation in crypto markets appear to contribute towards volatility. This added speculation contrasts with bitcoin traditionally being viewed as a store of long term value.
Wild price fluctuations aren't evidence of bitcoin being a bubble. It has more to do with traders wildly pumping and dumping to earn their profits.
Bitcoin's price decline isn't evidence of a bubble popping. It moreso means traders view bitcoin's all time high as a "ceiling" that is difficult to overcome. And so they withdraw their funds from bitcoin & find other things to buy instead. Also when bitcoin is viewed as being "undervalued" its heavily bought causing the price to shoot back up, again.
Really? Actually I don't get too much information about bitcoin but through getting ideas from here I find it easily to understand things now. However,I wanna know what's hard fork all about and bubble thingy? What is the exact other term for bubble in the world of cryptocurrency? |
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Dreamchaser21
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December 30, 2017, 11:20:40 PM |
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It's part of manipulation but i think bitcoin will not hit hard to the floor i mean bitcoin will not reach 0 but it will dump a 50% price and will bounce back to 250% or more that's a good price movement of bitcoin as of now we could see some good and bad news of bitcoin but currently the state of bitcoin is purely speculative to those who don't believe
True, i think bitcoin price will become lower than we expected but not that lower that eventually lost it's value. The price volatility with bitcioin is very high and I think its normal in this kind of market. Bitcion may go deeper but still believe that it will bounce back. For now hold it for good, buy more and focus more on the future of this. |
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neite99
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December 30, 2017, 11:24:07 PM |
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Now the market cap in comparison to the stock market and other assets is very low and it can be affected even from one whale. So the fluctuation will get rid whether the market cap rises more.
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filharvey
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December 30, 2017, 11:36:33 PM
Last edit: December 31, 2017, 12:54:37 AM by filharvey |
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No it's not a bubble.We have already seen such dips and recovery many times this month.Most of the economists who want to criticize bitcoin tried their best to prove bitcoin as bubble,but actually it wasn't.Bitcoin faces only small fluctuations in price and its price does not crash since there is a huge buy wall which stops bitcoin price from falling more and helps it to retain its ATH price.
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migolmigol
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December 30, 2017, 11:39:13 PM |
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A week or two weeks ago, Bitcoun flactuation was wild. It dropped it's price signinifantly making others sell their bitcoins (panic selling) and good thing not everyone or not a big number of bitcoin holders followed. And now it is slowly going back to high price. That fluctuation, I think and I real also to others' opinions, is because of the Christmas season. People might have needed cash and sold their bitcoins maybe to use for the holiday, giving gifts or traveling.
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khaled0111
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December 30, 2017, 11:54:30 PM |
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I don't think the fluctuation will stop and maybe it is the reoson why traders consider Bitcoin as the best market to invest in.
A good trader can easily make 10 to 50% profit in a day.
Bitcoin, being a "new" decentralized cryptocurrency, is heavily attacked by governments, banks , whales... besides, with the growth of the community, new problems appear. All of that leads to fluctuation.
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olushakes
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December 30, 2017, 11:58:34 PM |
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It's difficult to make prediction, moreover that there is a big manipulation power by whales.
But I this that in some weeks bitcoin will start to rise again
Its always the whales that gets the credit whether price increases or falls without eben acknowledging the little one or two btcs thousands or millions of people own all over the world that they decide to flood the market with the little they have got and thereby crash the price while those that should mop up the excesses couldn't do so because of high transaction fees and the minimum amount to pay to get a seat at the table of bitcoin. That's what I see as what is causing the drop |
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uslfd
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December 30, 2017, 11:59:38 PM |
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Yes, but volatility would only go away when there is mass adoption which means price is probably going to be $500K!
BTW, even FX like JPY, GBP could fluctuate by 3% a day quite often.
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Avispeat
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December 31, 2017, 12:01:57 AM |
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Okay again with this bubble.
Let's assume that bubble has already burst,people that are thinking that it isn't popping yet. Do you realize that bitcoin has fell down at $19,000 - $12,000.
Every time everyone saying it is a bubble and every time those are wring. Will see you when price moves above 20k mark next year  |
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Kevin13
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December 31, 2017, 12:07:25 AM |
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It would skyrocket again by the comng of 2018, manipulation really exist and if you will give up on this fluctuations you may be left out by bullish run by bitcoin again.
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tomasw66 (OP)
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December 31, 2017, 12:11:31 AM |
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Okay again with this bubble.
Let's assume that bubble has already burst,people that are thinking that it isn't popping yet. Do you realize that bitcoin has fell down at $19,000 - $12,000.
Every time everyone saying it is a bubble and every time those are wring. Will see you when price moves above 20k mark next year Oh, I did not actually want to imply this whole bitcoin price fluctuation as a sign of a bubble I merely wanted to hear other people opinions about price stability in the future/long-term, sorry if I wasn't clear enough. |
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