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Author Topic: Where will this fluctuation end ?  (Read 2260 times)
veleten
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October 19, 2019, 01:56:37 PM
 #21

if only we knew that - when it ends or where would the trend go
almost certain about one thing though , no matter the trend of this year , seasonal end of the year fluctuations
the 2020 halving will be a huge locomotive to drive the price up
the main question is what level will it be starting from  ....
so far we seem to stagnate between a 7500 and 82000$ marks with not much of a volume to write home about

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October 19, 2019, 02:58:09 PM
 #22

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.
Yeah, as long as BTC would survive the fluctuations in the price would prolong, so we may consider it as a never-ending process. But I still don't understand why people hate these fluctuations as these only enable them to earn widely in this market. However currently, the fluctuations are not so prominent as the price now is still loitering around 8k$ but we can expect a major rally coming before the year's end and I believe we can also anticipate a hype in the prices after the 2020 halving...

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October 19, 2019, 05:26:47 PM
 #23

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 we are experiencing pumps and dumps of around 1-2% and if one wants they can make.good profits by using margin trading adequately. Most of the people consider it risky but if you go with good risk management principles then the path isn't that tough. Talking about Bitcoin's analysis it's really moving sideways if we see in a long term. There are a lot of fluctuations but market is still undecided. I think this may also be a good thing as it shows reduced volatility which is really good for btc.
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October 19, 2019, 05:29:28 PM
 #24

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.


Bitcoin price simply went to high to fast in June. There was so much hype that keep increasing without any correction for 5 months.

Last halving price of Bitcoin was half of previous ATH. One halving back was 1/3 of ATH.  So if  history repeats 7 months from now Bitcoin price should be from $7-10k. Not that much space to grow right now.
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October 19, 2019, 05:52:28 PM
 #25

Bitcoin price simply went to high to fast in June. There was so much hype that keep increasing without any correction for 5 months.

Last halving price of Bitcoin was half of previous ATH. One halving back was 1/3 of ATH.  So if  history repeats 7 months from now Bitcoin price should be from $7-10k. Not that much space to grow right now.

I think people saw the magnitude of the April-June rally and expected the bubble to begin right away. That was always an unlikely scenario.

This year's rally was quite like the late 2015 run ($200 to $500) that kicked off the last bull market. From November 2015 to May 2016, we had a multi-month bearish correction before the bull market continued. In my opinion that's where we are now.

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October 19, 2019, 07:14:38 PM
 #26

These sideways movements will end when we'll enter a new trend, which most likely will be a bull market. It's almost guaranteed (if it's possible to say this word about Bitcoin's price) to happen after the halvening, but can also happen before the halvening. Just hodl now, you can easily lose money during the period that we have now if you'll try to trade thinking you can predict the short-term price.
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October 19, 2019, 07:24:13 PM
 #27

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.
The price of bitcoin is fluctuating from the beginning the market created but you cannot expect the market to have a huge rally and drop all the time and bitcoin market is not a magic place to make money in a short period of time  Tongue. You need to have patience to make money and that market will rally after the cooling period and we will see that market rally after the halving.
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October 19, 2019, 08:12:07 PM
 #28

Well, anyone who could predict how the price will move, when the fluctuations will start or end would really be a true rich man. But as we all know that couldn't be told for sure. Since Bitcoin is volatile fluctuations are present all the time but sometimes they are less and sometimes more visible. But current fluctuations are small and I beleive it will stay so until the end of the year.

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October 19, 2019, 08:15:55 PM
 #29

With my years of experience in the crypto market I can consider Bitcoin's movement now as something to be more steady rather than it being too volatile. Compared to the previous movements we have seen where Bitcoin can go up by 10 to 15% in just a day the 50-100$ price movement we are seeing now is incomparable to that since we are consolidating. If you are coming from a much less volatile market like the stock market you might not be used to these kinds of price movement but honestly this is the closest thing we can get as far as steady price movements go. Since we are consolidating the answer for your other question is still unsure because we aren't neither in the bull market or in a bear market and in consolidation all we can do is observe where it will move next whether it is near the support or in a resistance level which would indicate a test on both levels.

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October 19, 2019, 09:59:15 PM
 #30

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.
For someone who is old enough in the industry you should have already known for yourself that Bitcoin fluctuation would never stop or end.
The price would continue to move as long as there are people who are putting up a demand and selling their share.

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October 19, 2019, 11:49:54 PM
 #31

Nobody can accurately ascertain what will happen in the future, we can only speculate. For Bitcoin, It is more of the downtrend for me than any bullish scenario at the moment and I am looking at 6k before we experience any major pullback

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October 20, 2019, 01:28:53 AM
 #32

Bitcoin is a speculative asset? So that's very obvious that this kind of fluctuations and wild price swings are part of the ecosystem. Just like what we've seen when the price goes to $13k, it slowly fell down and then we went on another sideway patterns when it reaches $8k, so I'm sure everyone is not surprise by the sudden fall, but rest assured that there will be time that bitcoin will go on another parabolic rise to balance everything.

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October 20, 2019, 02:05:37 AM
 #33

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.

That fluctuations that you have seen is what we call "sideway" pattern. Maybe speculators are doing short trading, that's why the moment they see some positive movement, they dump it and take the profits per day.

No one can tell when we are going to have a break out run. You don't need to be confused here, you just have to educate yourself and see what are the current sentiments are. Just don't give yourself swept by the notice that bitcoin is a get rich quick scheme and you will be OK in the long run.

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October 20, 2019, 02:49:07 AM
 #34

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.
If me i will keep see about bitcoin price, but hold. Not want to sell although it is dumped because each people have their target. My target is halving and no matter happen before it. I am really confident to hold my bitcoin.

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Fredomago
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October 20, 2019, 03:02:49 AM
 #35

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.

That fluctuations that you have seen is what we call "sideway" pattern. Maybe speculators are doing short trading, that's why the moment they see some positive movement, they dump it and take the profits per day.

No one can tell when we are going to have a break out run. You don't need to be confused here, you just have to educate yourself and see what are the current sentiments are. Just don't give yourself swept by the notice that bitcoin is a get rich quick scheme and you will be OK in the long run.
Having a right mindset in order to catch up with the right market will increase your chances to earn from the situation. Fluctuation is the major part of this industry as many investors here knew about it and willing to work in order to make some good benefits.

Fluctuation is for those who are good in scalping as they can benefit with the system by paying attention to their opportunities.

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error08
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October 20, 2019, 03:37:25 AM
 #36

We have seen bitcoin persist at $8000 for almost a month to date.
However, bitcoin tends to decline when the market in this bearish situation after bitcoin failed to hold a position above $8500.
I expect bitcoin to gradually drop, probably to $7500 and the worst $7000 as the bottom before bounce back.
Nevertheless, we are heading towards the end of the year and halving, bitcoin will gain momentum to reach $10,000 soon or later.
Wysi (OP)
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October 20, 2019, 09:12:54 AM
 #37

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.

That fluctuations that you have seen is what we call "sideway" pattern. Maybe speculators are doing short trading, that's why the moment they see some positive movement, they dump it and take the profits per day.

No one can tell when we are going to have a break out run. You don't need to be confused here, you just have to educate yourself and see what are the current sentiments are. Just don't give yourself swept by the notice that bitcoin is a get rich quick scheme and you will be OK in the long run.
Having a right mindset in order to catch up with the right market will increase your chances to earn from the situation. Fluctuation is the major part of this industry as many investors here knew about it and willing to work in order to make some good benefits.

Fluctuation is for those who are good in scalping as they can benefit with the system by paying attention to their opportunities.

Yes I think the market will become more saturated and we might see a clear divide here between daily traders who consider fluctuations as an opportunity to earn more profit, long term investors who are least bothered about the minor fluctuations and then we have those people who invested into bitcoin post December 2017 looking for a quick profit and struck in between due to sudden price dump and still trying to recover it. Fluctuations are good for traders but it's a hard learnt lesson for newbies.

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October 20, 2019, 11:50:55 AM
 #38

We have seen bitcoin persist at $8000 for almost a month to date.
However, bitcoin tends to decline when the market in this bearish situation after bitcoin failed to hold a position above $8500.
I expect bitcoin to gradually drop, probably to $7500 and the worst $7000 as the bottom before bounce back.
Nevertheless, we are heading towards the end of the year and halving, bitcoin will gain momentum to reach $10,000 soon or later.

We will see what would the outcome this year, and since bitcoin still tried to compile the best price it could touch this year; it serves as our inspirational moves to meet the best price. That $10k was just enough to fulfill the benchmark of our expectations. Never lose your grip on it, but rather push your motivations at maximum tolerance and one day you'll gain the profit which is intended for your plans.

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October 20, 2019, 12:33:20 PM
 #39

the stable price (small fluctuations) is the current trend of bitcoin which will continue for a couple of more months. it has been going on for a couple of other months before this too if you ignore the one time drop you can see it has been exactly like this at a different price!
this is still the whale-accumulation phase and you shouldn't think about day trading into this because things are unpredictable at this time.
my guess for the end is by the end of this year.

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October 20, 2019, 06:59:55 PM
 #40

The crap is this all about?

It will fluctuate forever as long as it has it s own value.
Now, you are asking about the pump and dump, who do you think can answer you accurately about that. You are a Sr. Member and you should already know about how it will be answered.
All will just be speculation.
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