Are You Concerned On Sudden Rise of Bitcoin?

[Reid]

Should not doubt bitcoin.

Just months ago we saw bitcoin took 13k USD one again and it took long at 12k USD which is somehow inspiring once again after the last ATH in 2017.
I am worried for sudden increase but there is history that could prove it should not just be at this number.
12k USD should be the bottom of it by now.
I don't believe other people who are thinking it will be back to 3k or less. That is just mere FUD. Do not fooled by them and suddenly sell your bitcoins.
Just HODL.

[Visbay]

We will be concern if the sudden rise is a bear trap, but days have gone and so far it it still holding and it looks like going to be sustainable at least in $9k range. So the concern would be if the price goes to $7400 again and then goes on another side way trading patterns.

So it's a sigh of relief for now and no need to be concern at this point. Maybe we could see another break out to $10k again next month. We are almost at the end of the year now, so I do hope at least a good 5 digit this year and see how it goes prior and after the much touted block halvening.

Recently, bitcoin price punched back at $9100 based on my updated blockfolio. So then, another demand is coming over to recuperate the losses and again this will recover at a given percentage depending on each trading activities worldwide. Also for some coins whose been closely affiliated with bitcoin tradings, you'll observed a definite changes from time to time.

That’s really bad to see the price going backward when you expect it to go forward, 9100$ is currently price then it is decreasing in price which sounds bad. According to my now its time to see the price pump because bitcoin is now more famous than before it’s a time of New profit-making that’s why I wish good luck to investors for the upcoming increase in price.

[exstasie]

It's also possible the 2019 rally was a short-lived, truncated fifth wave and we're entering a new bearish supercycle. That's xxxx123abcxxxx's alternative scenario: https://bitcointalk.org/index.php?topic=5128394.msg52880531#msg52880531

But he also said, bullish scenario preferred than bear market

The Bullish Scenario (Preferred) suggests Wave-5 is still underway, and the bulls shall be treated to subdividing and extending waves headed for new all-time highs.

Yep, and I agree with him there, but he presents the bearish alternative case for a good reason: it's a very real possibility. It can't be ruled out until we see new yearly highs, at least.

The more people who believe another bubble is a sure thing, the more nervous I get.

[vintages]

Should not doubt bitcoin.

Just months ago we saw bitcoin took 13k USD one again and it took long at 12k USD which is somehow inspiring once again after the last ATH in 2017.
I am worried for sudden increase but there is history that could prove it should not just be at this number.
12k USD should be the bottom of it by now.
I don't believe other people who are thinking it will be back to 3k or less. That is just mere FUD. Do not fooled by them and suddenly sell your bitcoins.
Just HODL.

In as much it seems normal not to believe that the price of Bitcoin can go down to 3k, its also possible for the price to also go down like that too. And many things can be a contributor to it, especially when traders and investors panic sell and whale selling too. The question is if it will drop drastically like that or go gradually down like that.

[owengtam09]

A sudden rise of bitcoin is not really felt of most of us. If you are a big investment that holding a huge amount of bitcoin, then a sudden rise is already a big deal. For me, I don't have that much of it so it will not affect my bitcoin value so it depends on how much bitcoin you have in your wallet.

[bitbunnny]

I don't think there is reason to be concerned. Yes, the rise was kind of sudden but not that big.and it seems that the rise will not continue at least not in such extend.
Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.

[ReiMomo]

I don't think there is reason to be concerned. Yes, the rise was kind of sudden but not that big.and it seems that the rise will not continue at least not in such extend.
Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.

At least we are happy to see now Bitcoin price will remain at $9k range. I have been noticed this since this year started. When there's a suddenly dropped price it will stay longer but when it goes up to the higher level and back into the middle point. When there is a sudden raise up I am monitoring my profit. Once my profit was there I immediately cut it off and reinvest again. But if you are a long term holder, there's nothing to worry about the price.

[syamster]

I don't think there is reason to be concerned. Yes, the rise was kind of sudden but not that big.and it seems that the rise will not continue at least not in such extend.
Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.

At least we are happy to see now Bitcoin price will remain at $9k range. I have been noticed this since this year started. When there's a suddenly dropped price it will stay longer but when it goes up to the higher level and back into the middle point. When there is a sudden raise up I am monitoring my profit. Once my profit was there I immediately cut it off and reinvest again. But if you are a long term holder, there's nothing to worry about the price.

the price of bitcoin will remain in $9k because we do not see any decrease in price now a days, and i think it has become a little stable that's why if the price start movement then pump will occur.
That is your great way to earn a good profit, although i am a long term holder but sometimes i also used to get the profit when the price of bitcoin suddenly get into peak and when it comes back i invest in it again and sometimes use the profit for fulfilling my needs.

[InvoKing]

A sudden rise of bitcoin is not really felt of most of us. If you are a big investment that holding a huge amount of bitcoin, then a sudden rise is already a big deal. For me, I don't have that much of it so it will not affect my bitcoin value so it depends on how much bitcoin you have in your wallet.

For regular users, bitcoin price movement is not very important since buying or selling few dollars is not profitable at the opposite of big whales who move sometimes a huge amount...

[Hypnosis00]

I don't think there is reason to be concerned. Yes, the rise was kind of sudden but not that big.and it seems that the rise will not continue at least not in such extend.
Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.

At least we are happy to see now Bitcoin price will remain at $9k range. I have been noticed this since this year started. When there's a suddenly dropped price it will stay longer but when it goes up to the higher level and back into the middle point. When there is a sudden raise up I am monitoring my profit. Once my profit was there I immediately cut it off and reinvest again. But if you are a long term holder, there's nothing to worry about the price.

I don't know if others will think the same. But if you are buying Bitcoin at $12k in the previous month, it is still not giving profit anymore and feel disappointed and no wonder that many will never appreciate the market stands today. If we look into the market today, it feels that we can't see a huge pump this year and not even seeing that halving will do the same as what it influence with the prices before.

[barbara44]

The new thing about bitcoin (which seems like we have one all the time) it used to go up and stay there than go down and stay there and keep doing those moves multiple times. For the past few times there has been some "move down, stay, move down some more, stay, than go up" as in there is two parts of going down or two parts of going up.

Like we were $4k for example and moved to around 9-10k first than reached a peak of $13.8k which was the second up. Than we went as low as $8.5k this time around, than went to $7.2kish at the lowest. So, instead of going down and waiting, it goes down and goes down again. I feel like it has used its down moments multiple times already, I feel like it won't go under $8k anymore maaaaybe a little, like $7.8k or so but I am sure that would be very quick and go back up.

[lumeire]

Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.

Is my concern really valid in the face of this ongoing development?

Bitcoin was at around $3k in the start of this year after that it kept on rising at a slow pace and now it is more than 9k USD. So you should be happy with your investment and not be worried about loosing your profit as it is close to impossible for bitcoin to fall to that level now. You should just keep calm and enjoy your life.

[Ridwan Fauzi]

Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.

Is my concern really valid in the face of this ongoing development?

If you ask on this forum which incidentally the user of bitcoin then you will find many answer who will make you confident. Indeed, the newbie worries when they intend to invest in bitcoin is volatility/characteristic of it, and it has known by a lot of people.

By as far as I know and from my perspective as bitcoin user I'll take it as an adventage. I can take this situation for trading to get short term profit. But, if you are a long term investment then you should know there is many thing who will make bitcoin have a high price. Such as regulation which can affect mass adoption (currently Chinese has doing it), bitcoin halving and etc it should make you comfortable to have an investment in bitcoin.

Don't worry too much about it, learn more to gain money on it because it is not for investing only. Active on this forum because there is many thread who can make you comfortable.

[imstillthebest]

people knew that bitcoin is volatile since it started so they assume that this volatility will remain and it wont affect bitcoins reputation  .

sometimes the prices were just unexpected  . they fall and rise verry quick and some people start to wonder and get alarmed if those unexpected events have a drawback  . in my case i am not concerned when bitcoin increases but i will only feel happy deep inside me   .  i will only be concern if its falling  even if its given that its normal 

[Fatunad]

people knew that bitcoin is volatile since it started so they assume that this volatility will remain and it wont affect bitcoins reputation  .

sometimes the prices were just unexpected  . they fall and rise verry quick and some people start to wonder and get alarmed if those unexpected events have a drawback  . in my case i am not concerned when bitcoin increases but i will only feel happy deep inside me   .  i will only be concern if its falling  even if its given that its normal 

And what price range do you consider as normal then?
I dont understand what's your concern behind the rise or fall of the btc price. Just like what you said volatility or cryptocurrency is normal. So why are your concerns when you know the price movements are just normal?
Just put it this way to avoid yourself from being bothered by the Volatility of btc, If the price will fall It's good for accumulation. And if the price will pump then that's good for selling.

[EdenHazard]

Should not doubt bitcoin.

Just months ago we saw bitcoin took 13k USD one again and it took long at 12k USD which is somehow inspiring once again after the last ATH in 2017.
I am worried for sudden increase but there is history that could prove it should not just be at this number.
12k USD should be the bottom of it by now.
I don't believe other people who are thinking it will be back to 3k or less. That is just mere FUD. Do not fooled by them and suddenly sell your bitcoins.
Just HODL.

Exactly! In February or march I guess ... from $4,000 surge to $13,000 before it falls down to $7,000 nearly $6,000 and now we are looking to do it again? Seems like a manipulative market in big scale isn't it?

Guess this time could reached higher up to $15,000 many of professional speaking loud about this already , are you one of them who believe at this speculation? I have really a lot of questions in my mind and thinking that this going to happen exactly the same like the previous one.

[doomloop]

Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.

Is my concern really valid in the face of this ongoing development?

Sudden pump and dump is usual thing in crypto because it's decentralized and the whales is in every exchanges. So if they make a move the market will shaking.
The speciality of crypto is the volatility and i think it won't make something bad for crypto because that's the nature of crypto. and after reaching the resistance on recent pump, the price looks like stable on 9k+ and i think it will ready to the next pump.

The old users of bitcoin and crypto market are fully aware of this quality of the market i.e it never stays stable. Prices fluctuate so rapid and that is why there is a complete separate market for day trading which totally rely on the volatile nature of crypto currencies. Recent pump is in the favor of bitcoin investors and I am sure the btc price is going to higher level by the end of this year.

Since in last couple of weeks, bitcoin has shown some decent improvements in the values and it has stirred the era of purchases among investors of bitcoin. I am sure that if we keep purchasing bitcoin continuously, the market will not take much time in pumping. It is going to repeat 2017 in 2020 and I am going to stay confident in the tendency of bitcoin in generating huge profits.

[Hamphser]

people knew that bitcoin is volatile since it started so they assume that this volatility will remain and it wont affect bitcoins reputation  .

sometimes the prices were just unexpected  . they fall and rise verry quick and some people start to wonder and get alarmed if those unexpected events have a drawback  . in my case i am not concerned when bitcoin increases but i will only feel happy deep inside me   .  i will only be concern if its falling  even if its given that its normal 

And what price range do you consider as normal then?
I dont understand what's your concern behind the rise or fall of the btc price. Just like what you said volatility or cryptocurrency is normal. So why are your concerns when you know the price movements are just normal?
Just put it this way to avoid yourself from being bothered by the Volatility of btc, If the price will fall It's good for accumulation. And if the price will pump then that's good for selling.

Exactly! And why would someone has to complain about this pump and dump of bitcoin price? There's always a reason for every move of the market and it is your choice to either buy, hodl, or sell. It just takes a lot of patience when waiting for the right time to buy or sell. Bitcoin's price always fluctuate every now and then so it is normal to get concerned about the price when you are trading.

[beerlover]

I wasn't concerned when it was a sudden fall, I am not concerned when it is a sudden rise. Bitcoin is a volatile commodity and it always goes up and down very frantically so whenever it does something crazy like this I end up liking it as much as I can. Sure, it could be stable and I would know how much I have or could have but at the same time what would be the fun in that.

The investor in me wants it to go up and down, the idealist that wants to see banks go bankrupt wants to see bitcoin stable so everyone would adopt it. It is a risky move to buy or sell bitcoin at all times, you can buy and it could go down, you can sell and it could go up but that doesn't mean that if you buy it could go up and if you sell it could go down and you would be profitable in those situations.

[Harlot]

Exactly! In February or march I guess ... from $4,000 surge to $13,000 before it falls down to $7,000 nearly $6,000 and now we are looking to do it again? Seems like a manipulative market in big scale isn't it?

I don't know when you have started trading cryptocurrencies but this is just considered to be a normal movement for Bitcoin price jumps that range to over 1,000$ is something we have a chance to see everyday and I don't see anything extraordinary about it. But for sure prices we are seeing now is somehow affected by price manipulation and it's not always purely demand since a price movement created by demand doesn't move fast like this one.

Guess this time could reached higher up to $15,000 many of professional speaking loud about this already , are you one of them who believe at this speculation? I have really a lot of questions in my mind and thinking that this going to happen exactly the same like the previous one.

Just don't get your hopes up just yet since we aren't even in a bullish market now. We might jumped by 2,000$ in just a day but we didn't get into any kind of reversal because of it. We just simply consolidated on a higher level and that's it.