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Author Topic: Where will this fluctuation end ?  (Read 2333 times)
Wysi (OP)
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October 18, 2019, 07:18:10 PM
 #1

Bitcoin's price has been slightly fluctuating everyday but it's not a huge fluctuation to buy in or sell of in order to make huge profit as everyone is eagerly waiting to know where this will us to, this is what my question is over here. Are we heading towards a new price pump or a dump ? This slow drift of bitcoin's value is really confusion.
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October 18, 2019, 07:52:40 PM
 #2

Bitcoin's price has been slightly fluctuating everyday but it's not a huge fluctuation to buy in or sell of in order to make huge profit as everyone is eagerly waiting to know where this will us to, this is what my question is over here. Are we heading towards a new price pump or a dump ?

Pump or dump? The age old question. Smiley

We're obviously gearing up for a range break. Price action looks bearish to me. I'm expecting a downside break. I'm really not sure whether it'll be a strong move down or not. It could just wick down to $7K.

Wherever it bottoms, a strong recovery to the $9,000s or higher will probably follow.

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October 18, 2019, 08:39:15 PM
 #3

Don't know about you but I believe now we're starting to see the beginnings of the Halving. I know you can say that there are still several months left before the event. Well, it's something we can measure before and after.

And if you compare with what happened during the previous Halvings you can see some patterns if you look at repetitions of rhythmic sequences



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October 18, 2019, 08:54:05 PM
 #4

Bitcoin's price has been slightly fluctuating everyday but it's not a huge fluctuation to buy in or sell of in order to make huge profit as everyone is eagerly waiting to know where this will us to, this is what my question is over here. Are we heading towards a new price pump or a dump ? This slow drift of bitcoin's value is really confusion.

Fluctuation will never end as long as the majority treats bitcoin as an investment.

There is no way we can tell if the price will go upward or downward.

What's your plan? Are you on day-trading?

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October 18, 2019, 09:38:22 PM
 #5

Hey, you want stable prices and low volatility? Or you want Bitcoin to moon so you can get on those lambo fantasies?

Which scenario do we wants? And do we know what we are asking for vs what we want?

Hard to say, isn't it? People really need to spend a bit of time to understand what it is exactly they would like from this new form of financial freedom.

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October 18, 2019, 10:18:35 PM
 #6

Bitcoin's price has been slightly fluctuating everyday but it's not a huge fluctuation to buy in or sell of in order to make huge profit as everyone is eagerly waiting to know where this will us to, this is what my question is over here. Are we heading towards a new price pump or a dump ? This slow drift of bitcoin's value is really confusion.
We are not headed anywhere, the price went up a lot during this year and it has decreased since then, now it is the time for the market to not move that much for months, we could see a slight downward trajectory but that is about it, the market cannot be pumping or dumping forever, just be happy with whatever profits you got already and if you instead lost money during this year then you have months to figure out what went wrong and try to fix it.
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October 18, 2019, 11:08:13 PM
 #7

People really need to spend a bit of time to understand what it is exactly they would like from this new form of financial freedom.

It's quite easy. They want to become a multi millionaire tomorrow. Preferably by only investing $100 of their money.  Roll Eyes

You don't ever see competent traders complain about stability or fluctuations, they know when to take some distance and when to start putting their capital to work. You got to love their rational attitude because they don't deal with direction bias. Every move can potentially be profitable trade, and that's exactly how you should approach a market.

At one point I expect derivatives exchanges to add some sort of a feature that allows people to make profit during non volatile phases as well.
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October 18, 2019, 11:11:04 PM
 #8

Bitcoin's price has been slightly fluctuating everyday but it's not a huge fluctuation to buy in or sell of in order to make huge profit as everyone is eagerly waiting to know where this will us to, this is what my question is over here. Are we heading towards a new price pump or a dump ? This slow drift of bitcoin's value is really confusion.
You wouldn't ask these question if you've been here on this market for a while and as for a Sr. member on this forum its quite questionable that you aren't still get used to bitcoin volatility. hmmmmmm

Fluctuation would end? Never! This is always been the thing why cryptospace is popular due to its high level extent of volatility.Making out money out of these movements and
also theres no human being could ever predict the future where we do talk on where would prices would go.

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October 18, 2019, 11:12:59 PM
 #9

cryptocurrency price movements can never be stable, coins will always have price movements up and down it depends on market conditions and you must be able to take advantage of price movements for the benefits that you can get, if there is no price movement it will actually make you difficult to get the profit.

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October 19, 2019, 03:27:38 AM
 #10

I like market fluctuations as a matter of fact its a shortcut to make us millionaire and beggars in a short period of time Grin. We just need to be wise in every decisions that we make, in the my opinion the more people will get involve in the ecosystem slowly the market will stabilize but I dont like that scenario I like this market behavior though. 

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October 19, 2019, 04:50:41 AM
 #11

crypto is very difficult to guess in 2017 it is the heyday of bitcoin which reached 18,000 usd, then has decreased until now, in my opinion bitcoin until the end of the month will experience a significant increase given the good news about the bitcoin world in several countries. it's very helpful for bitcoin to the top.
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October 19, 2019, 05:05:37 AM
 #12

crypto is very difficult to guess in 2017 it is the heyday of bitcoin which reached 18,000 usd, then has decreased until now, in my opinion bitcoin until the end of the month will experience a significant increase given the good news about the bitcoin world in several countries. it's very helpful for bitcoin to the top.
Bitcoin was spread on entire world, But it take some time for development so all the acceptance is important for further days. We are all know 2017 is the best year for crypto economy so Bitcoin and other altcoins are growing well on crypto market. I think fluctuations are never end of Bitcoin because we always buying and selling the Bitcoin so it is a volatile cryptocurrency and gradual hype also possible on end of the year or next bull run.

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October 19, 2019, 06:41:38 AM
 #13

I doubt it would end and I doubt it even could. With how much its supply is still being released and is still demanded even now. Fluctuations in prices can't really be helped since it is volatile for a reason. As for the old question bull or bear, well that depends on the market itself. We may make predictions and such but we still can't tell if it would bull or bear.

 
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Wysi (OP)
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October 19, 2019, 07:04:23 AM
 #14

I doubt it would end and I doubt it even could. With how much its supply is still being released and is still demanded even now. Fluctuations in prices can't really be helped since it is volatile for a reason. As for the old question bull or bear, well that depends on the market itself. We may make predictions and such but we still can't tell if it would bull or bear.

Yes, that's the current situation of market as people are ready to demonstrate prediction but deep down they themselves knows that i will not go as per prediction. There are users who are making profits out of this volatility by doing a daily trade but with my experience a good amount of profit can be made during huge fluctuation but not the fluctuation of few hundred Dollars.
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October 19, 2019, 07:23:33 AM
 #15

Bitcoin's price has been slightly fluctuating everyday but it's not a huge fluctuation to buy in or sell of in order to make huge profit as everyone is eagerly waiting to know where this will us to, this is what my question is over here. Are we heading towards a new price pump or a dump ? This slow drift of bitcoin's value is really confusion.

Many say that bitcoin will pump up, that is, the pope will come to raise the price of bitcoin when halving arrives, but I think it's still a long way off, but bitcoin is currently continuing to fall bit by bit, so this is really an uncertain fluctuation in which direction it's gone.

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October 19, 2019, 07:52:18 AM
 #16

Bitcoin's price has been slightly fluctuating everyday but it's not a huge fluctuation to buy in or sell of in order to make huge profit as everyone is eagerly waiting to know where this will us to, this is what my question is over here. Are we heading towards a new price pump or a dump ?

Pump or dump? The age old question. Smiley We're obviously gearing up for a range break. Price action looks bearish to me. I'm expecting a downside break. I'm really not sure whether it'll be a strong move down or not. It could just wick down to $7K. Wherever it bottoms, a strong recovery to the $9,000s or higher will probably follow.

I can feel that we are going down further so I am sure there are now many people just determining which can be the bottom so they can be ready with their Bitcoin order. The dip can be a good opportunity if taken right. Volatility has been one of the major hallmarks for Bitcoin and though this can be a bane to many merchants and other holders, traders can look at this an opportunity to ride with in other words a boon to them. So that is a bane and a boon depending on how you look at it and how you can take advantage of the situation...like somebody throwing a big lemon at you either you will cry like a baby (whining) or you can make a lemonade out of it. We are sure that after some weeks, Bitcoin can be back growing again and may even try to breach the $9,000 zone.
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October 19, 2019, 10:21:26 AM
 #17

Are we heading towards a new price pump or a dump ?
Hundred times it has been told that no one has the exact words to answer this. Your title is also asking about fluctuation's end and no can do as well with that question.

This slow drift of bitcoin's value is really confusion.
It's not confusing, how long you've been into this market?


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October 19, 2019, 12:22:28 PM
 #18

Never? Fluctuation is the nature of bitcoin and even if this new one that goes between $7.7k to $8.3k ends somehow (which it will eventually) there will be a new one, just a month or so ago we were around $9.4k to $10.4k or so and we moved up and down between those, before that I remember $3.4k to $4.2k as well and before that we were doing $6.3k to $7.2k as well, you can go as further as possible and you will find trends and fluctuations on bitcoin price, the place it fluctuates changes all the time but the fact that it goes up and down between certain prices never really changes, it is the nature of bitcoin.

In order for traders to make money the price needs to go down and up so they can buy and sell which means it will forever happen as long as there are traders in bitcoin.

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October 19, 2019, 12:54:29 PM
 #19

Bitcoin's price has been slightly fluctuating everyday but it's not a huge fluctuation to buy in or sell of in order to make huge profit as everyone is eagerly waiting to know where this will us to, this is what my question is over here. Are we heading towards a new price pump or a dump ? This slow drift of bitcoin's value is really confusion.

I think the title says differently from the content of your thread. I thought you're asking about when will fluctuations end literally.
Anyway, Bitcoin's movement seems a little bearish from the last 4 days after the dead-cat-bounce to $8,600. Speculation says the bottom of this is $7,000 some says $5,000. But, the current price today is also good for additional accumulation. So, most definitely we're still holding strong to this support level.
Don't put enough stress to yourself, because we're heading to a bull run.

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October 19, 2019, 01:42:09 PM
 #20

Fluctuation would never end rather it will continue as long there is buying and selling occur in the market. It is difficult to predict price but the current is ranging 8k level. But I think the market in the coming days will move forward at least to see it will increase from 8k. Actually, this fluctuation of price could be an opportunity for most traders in buying at a designated price. Don't confuse yourself if we could take risks then accumulating btc is also good.
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