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JCO05
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February 05, 2018, 02:37:18 PM |
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by David Drake
In 2017, Bitcoin recorded the most unprecedented gains, making it the most sought after cryptocurrency in the market. As a result, most people are buying Bitcoin for speculative purposes with the hope of cashing on price increases.
Having risen to a high of nearly $20,000 in mid December, Bitcoin experienced high volatility towards the end of 2017, raising the question of whether its price could plunge to below $10,000. But as HOQU's Co-Founder and CEO, Alex Shmonov notes, high volatility is nothing new to Bitcoin.
"The price of Bitcoin has always been very volatile even on fake news as many people buy this asset for the sake of speculation and profit. The reality is that the entire crypto market can flop by 90% and this will be normal. We saw this with Bitcoin before. But after some time and after the dust has settled, prices will return to new heights, because progress will go further and people will understand that the problems that caused the drop are resolved or almost solved," he says.
Even so, certain factors fuel the volatility of Bitcoin, and one such factor is government statements on cryptocurrency regulation. On Thursday 28th of December, 2017, Bitcoin prices plunged by the double digits following the announcement of fresh regulations in the world's third largest cryptocurrency market, South Korea. Going by the trend set by this southern peninsula, there’s no doubt that more price swings in the cryptocurrency market will follow.
"The volatility in the price action mirrors the uncertainty in world regulation. Each positive statement from a country or exchange sees a boost in the Bitcoin price, and each proposed clampdown produces a price drop. Changes in regulation is the key price driver for Bitcoin and that won’t change in 2018. I think price volatility will increase this year, this will not be a time for the faint hearted. Reduce your exposure to price volatility by diversifying a little of your portfolio - now," says Linda Leaney, CFO at Globcoin.
According to Marcus Vandea, CEO of Playfold, Bitcoin has a highly volatile nature. But even with its price swings, it’ll be hard for its value to drop below the $10,000 mark.
"High volatility will always be an intrinsic part of Bitcoin, with 30% shifts that always happened but are now more noticeable because of its high value. It’s difficult to believe that Bitcoin will plunge below $10000, as it is now more popular and desired than ever. But extreme value swings will keep happening and will keep discouraging the light hearted investors," he says.
Bitcoin braved the turbulence in 2017, increasing its value from $1000 in January to reach a high of $19,700 in early December, before closing the year at about $14,000.
The answer is really observable at this moment. Its market value early this year is indeed more volatile than it was before . It is continuously falling making its value in the market low. But I am still expecting that Bitcoin will be able to recover with this downfall . Just invest now if possible to earn huge profit as its value starts to rise eventually. |
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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Pansamantala
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Activity: 242
Merit: 11
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February 05, 2018, 03:00:48 PM |
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To anticipate whether bitcoin would experience more or less price fluctuations is just as hard as predicting whether bitcoin would increase or decrease in value tomorrow. It's just so difficult to lredict such occurences. But we could at least anticipate it by studying the market, and understanding bitcoin's nature.
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trickyriky
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February 06, 2018, 05:55:40 AM |
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Bitcoin will always be volatile, it's an aspect that gives Bitcoin its identity. It's been a week since 2018 started and as we can see, Bitcoin rates hasn't been stable in a sense that its rate varies from time to time.It will be high at a certain time then it will have a steep decline at another minute. The reason for this is unknown or there might not be any reason for it at all but this just goes to show that the volatility of Bitcoin can be extreme at times. This is expected and we should just put its volatility into good use for our benefits.
Right you are. Bitcoin will constantly go up and down, and the smartest traders will go on earning a lot on this volatility. |
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AlistairJ
Jr. Member
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Activity: 65
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March 02, 2018, 08:12:46 AM |
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Futures contracts over time will reduce the volatility of bitcoins. In addition, it is important that crypto coins will gradually begin to be recognized by many countries and there will be corresponding legislation regulating and protecting investors.
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serjent05
Legendary
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Activity: 2842
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Cashback 15%
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March 02, 2018, 08:39:13 AM |
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I believe Bitcoin volatility never changes, it is always wild but the extemity is probably more. There are different factions regarding Bitcoin acceptance. Some countries do not support Bitcoin while others are very friendly. With this opposing faction pulling tag of war about Bitcoins, whales and manipulater will definitely make use of. spreading FUD in one end and selling hype in other hand, I bet it will really be a more volatility market for Bitcoin in 2018.
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Good tbc
Member
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Activity: 115
Merit: 10
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March 02, 2018, 09:09:08 AM |
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Bitcoin is highly Volatile as a Crypto Currency, determination of its volatility for 2018 will depend on market traffic. Many people have a reason for investing in Bitcoin, which is for the purpose of profit, that is they buy when the price is low,and as soon as the price rises, they sell their Bitcoins so as to make profit from their investments,and also to be able to avoid loss as a result of Volatility. The type of investments may be long or short term investments. It is more profitable for long term investments.Also bad publicity about bitcoin by banks also contributes to its Volatility. The Volatility of Bitcoin cannot be determined or ascertain by predictions, but the volatility will allow new investors to be able to access the coin when the price is at the dip,and investors also to hodl and also to have vast knowledge about bitcoin and its Volatility.
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yepaiyique2
Jr. Member
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Activity: 126
Merit: 3
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March 02, 2018, 09:14:23 AM |
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It is said that 40 percent of bitcoin is concentrated in the hands of a thousand people, and that is a thousand people who are very good at manipulating the rise and fall of bitcoin. If bitcoin needs to have monetary properties, it needs to be stable. Who else would be willing to use and store a currency that could fall sharply tomorrow? It's just a personal idea. There's no basis for it.
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Semaj123
Member
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Activity: 434
Merit: 10
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March 02, 2018, 09:22:35 AM |
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To anticipate whether bitcoin would experience more or less price fluctuations is just as hard as predicting whether bitcoin would increase or decrease in value tomorrow. It's just so difficult to lredict such occurences. But we could at least anticipate it by studying the market, and understanding bitcoin's nature.
Actually, it is hard to determine its future behavior but if we continue to support the crypto then there is a bigger chance that it will increase its value. As of these moment, we can see that its value is stable and it is slowly keep increasing. This is a sign that it is starting to recover from being down. This year it is expected that it will be 3x higher compared to last year peak value. |
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Usafstar
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March 02, 2018, 09:32:57 AM |
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In the year 2017 now the bitcoin will be also volatile for this year as well it is good to have bitcoin in the present time and bitcoin experience more price volatility is expected in this year because many other currencies are also in the market and if the bad news arises in the market then bitcoin price is affected by this but the future is good i am investing now in the bitcoin.
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bagsladderg
Newbie
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Activity: 57
Merit: 0
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March 18, 2018, 03:56:21 AM |
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Thats a tough question to answer for a currency whose market trail cant be even calculated beforehand
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jaydoes6
Newbie
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Activity: 24
Merit: 0
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March 18, 2018, 07:12:42 PM |
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Dont know because i am new to the btcs family and i need to venture more into it
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pubmongrelT
Newbie
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Activity: 64
Merit: 0
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March 19, 2018, 03:44:54 AM |
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I think it will do. Or else how could we earn profits in a short time interval LOL  |
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aimey
Newbie
Offline
Activity: 91
Merit: 0
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March 19, 2018, 01:20:46 PM |
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by David Drake
In 2017, Bitcoin recorded the most unprecedented gains, making it the most sought after cryptocurrency in the market. As a result, most people are buying Bitcoin for speculative purposes with the hope of cashing on price increases.
Having risen to a high of nearly $20,000 in mid December, Bitcoin experienced high volatility towards the end of 2017, raising the question of whether its price could plunge to below $10,000. But as HOQU's Co-Founder and CEO, Alex Shmonov notes, high volatility is nothing new to Bitcoin.
"The price of Bitcoin has always been very volatile even on fake news as many people buy this asset for the sake of speculation and profit. The reality is that the entire crypto market can flop by 90% and this will be normal. We saw this with Bitcoin before. But after some time and after the dust has settled, prices will return to new heights, because progress will go further and people will understand that the problems that caused the drop are resolved or almost solved," he says.
Even so, certain factors fuel the volatility of Bitcoin, and one such factor is government statements on cryptocurrency regulation. On Thursday 28th of December, 2017, Bitcoin prices plunged by the double digits following the announcement of fresh regulations in the world's third largest cryptocurrency market, South Korea. Going by the trend set by this southern peninsula, there’s no doubt that more price swings in the cryptocurrency market will follow.
"The volatility in the price action mirrors the uncertainty in world regulation. Each positive statement from a country or exchange sees a boost in the Bitcoin price, and each proposed clampdown produces a price drop. Changes in regulation is the key price driver for Bitcoin and that won’t change in 2018. I think price volatility will increase this year, this will not be a time for the faint hearted. Reduce your exposure to price volatility by diversifying a little of your portfolio - now," says Linda Leaney, CFO at Globcoin.
According to Marcus Vandea, CEO of Playfold, Bitcoin has a highly volatile nature. But even with its price swings, it’ll be hard for its value to drop below the $10,000 mark.
"High volatility will always be an intrinsic part of Bitcoin, with 30% shifts that always happened but are now more noticeable because of its high value. It’s difficult to believe that Bitcoin will plunge below $10000, as it is now more popular and desired than ever. But extreme value swings will keep happening and will keep discouraging the light hearted investors," he says.
Bitcoin braved the turbulence in 2017, increasing its value from $1000 in January to reach a high of $19,700 in early December, before closing the year at about $14,000.
Yes, it is possible that Bitcoin will experience more price volatility this 2018. Bitcoin price this 2018 is full of surprises, hopefully bitcoin will rise morethan we expected. |
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fiulpro
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March 19, 2018, 01:58:43 PM |
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I really don't understand why people even think that it will stay stable it's.. not gonna ! At all ! For sure ... Bitcoins is too much volatile to predict it's gonna reach high and low and that's the norm ....one cannot control all the big whales .. from... Encashing or... Buying more ..there is nothing that can be done...
Thus we cannot... Control the money out and inflow and that way it is gonna Stay volatile.!
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crisanto01
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March 19, 2018, 02:08:25 PM |
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In the year 2017 now the bitcoin will be also volatile for this year as well it is good to have bitcoin in the present time and bitcoin experience more price volatility is expected in this year because many other currencies are also in the market and if the bad news arises in the market then bitcoin price is affected by this but the future is good i am investing now in the bitcoin.
This year although we have started at a rough quarter I still believe that bitcoin volatility will make the investors interested in it, for sure that bitcoin will increase in its demand as many companies were interested in having it as an alternative way of mode of payment just like Mdconalds, for sure some companies will follow then. |
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Kronos21
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March 19, 2018, 02:11:58 PM |
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I really don't understand why people even think that it will stay stable it's.. not gonna ! At all ! For sure ... Bitcoins is too much volatile to predict it's gonna reach high and low and that's the norm ....one cannot control all the big whales .. from... Encashing or... Buying more ..there is nothing that can be done...
Thus we cannot... Control the money out and inflow and that way it is gonna Stay volatile.!
Now do this situation. But I think the situation may change in the future. As the popularity of bitcoins grows, we will see a large influx of users. Coins will be more evenly distributed across users ' wallets and whales will be harder to control a large number of coins. Volatility will always be but the amplitude of price fluctuations will decrease. |
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bambazamba
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March 19, 2018, 02:31:24 PM |
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I'd say that it is rather stable this year till now . The price is constantly floating between 7k-10k and around it or a bit above it . Its been 3 months and there has not been a very huge hike in the price or even a tolerable hike in the price . There was some volatility when bitcoin came under the radar of $6000 and everyone was stressing out about it . It is expected to see some hike in the later months this year.
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carlisle1
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March 19, 2018, 02:38:11 PM |
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Its happening,in just 3 months we have seen two dips already,and more movements of ups and down,in this situation we can test the capacity of all coins,as they are facing big trouble because of bitcoin high dropping season..i wish this growth will give us better profit.for our funds had been stock up for how many months
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orarider
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March 19, 2018, 03:55:17 PM |
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I believe that could happen. Because the bitcoin market is booming. There are many people who want to invest in to benefit from bitcoin. That will make bitcoin prices fluctuate continuously. I hope 2018 is the year of the bitcoin market.
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boyshx
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March 19, 2018, 04:00:45 PM |
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It is not really a volatility but it is expansion of the bitcoins popularity that last time we experienced. For bitcoin to reach all new heights it has to be very smooth this time and I think 2018 is getting ready for the biggest pump that world has ever imagined. I mean one thing is clear that people are buying like crazy at this very moment as they get huge number of bitcoin floating around with very least prices. We saw many resistance for the bitcoin and it was true on all of them. Now its time for the bitcoin to leave this low level field and get on top of the ATH again by stepping out of this loop hole. And it will surely do that. The volatile nature is there but when it makes mega moves then its not the volatility but the natural driving force of investors I guess.
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