Are You Concerned On Sudden Rise of Bitcoin?

[hatshepsut93]

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 has been like that since forever, this is something that people who have been here for long just get used to. Rather than looking at individual price jumps, we should look at historical data to analyze whether volatility is decreasing or increasing. You can't expect volatility to just disappear in one day, but if sudden price changes will have lower magnitude and become less frequent, then it would mean that Bitcoin would be more suitable as store of value and currency in the future.

[Oceat]

I might be concerned a little about this sudden rise of Bitcoin because it always follows a correction after that. And I am not mistaken, the price may go and stop whenever it wants but the correction of price will be the real deal. Bitcoin has been always like this for a decade, everything that is happening to it there is always a pair of news that's telling because of this and that.

[Hypnosis00]

I won't think that was just a hype made by whales again but I'm just thinking that is to be at normal scenario/event that might happen in the market. Not pretty much worrying unless it will rise just a minute and drop again drastically, that will probably a big problem. But for now, it serves nothing, instead, we are thankful that we were able to see a few pumps after then.

[jakelyson]

I might be concerned a little about this sudden rise of Bitcoin because it always follows a correction after that. And I am not mistaken, the price may go and stop whenever it wants but the correction of price will be the real deal. Bitcoin has been always like this for a decade, everything that is happening to it there is always a pair of news that's telling because of this and that.

I would not worry about the recent pump because this pump came after a recent dump. This is more like the correct price after the FUD caused by quantum computers fear, etc. And it was just like 2K price pump. Nothing too concerning about that movement.

Everyone should be careful when the pump came from a long consolidation then suddenly pumping 6 to 10K. That pump will most like do a correction.

[STT]

The best guess for Bitcoin is always towards volatility, so it rose suddenly and it'll probably retrace those steps and test the downside also now.   We are not in a regular uptrend or downtrend so betting on range trade is probably most likely.
   It'll test the higher resistance at the top, so its most likely done that recently.   It was a sharp rise and most would say thats quite strong, so now it'll test the resolve of people to hold while we move downwards in price also, it doesnt have to just as sharp a spike down but it could mirror the price possible.    Every time I think it might hold above a certain measure it tends to push beyond that.

[yulionoo]

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?

why are you concerned, in fact you should be happy to see the price of bitcoin began to rise again. and you shouldn't have to worry because bitcoin is like this, going up and down with time. most people invest in bitcoin because of its volatility, buying at low prices and selling at high prices. we must be good at looking for opportunities to trade bitcoin and bitcoin is not a store of value, bitcoin is a currency that can be used for alternative means of payment and also for trading and investment.

[EdenHazard]

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.

Doesn't matter since when I started this business 10 years ago or 8 years ago ... one thing that I can tell you that I've been witnessing the rise of bitcoin since it was $250 per coin ! A crazy skyrocketing from $400 to $4,000 like the flash passing by and continue rising to $20,000 which it's considered as a bubble and in the end the market falls as expected.

There's no sure pattern in bitcoin market , but this time i see it quite different... that's why i suspect some manipulative movement is being done ... whales targetting for cheap coins and they got it few months ago at around $5,000 even the dip at $35,00!!

[Oceat]

I might be concerned a little about this sudden rise of Bitcoin because it always follows a correction after that. And I am not mistaken, the price may go and stop whenever it wants but the correction of price will be the real deal. Bitcoin has been always like this for a decade, everything that is happening to it there is always a pair of news that's telling because of this and that.

I would not worry about the recent pump because this pump came after a recent dump. This is more like the correct price after the FUD caused by quantum computers fear, etc. And it was just like 2K price pump. Nothing too concerning about that movement.

Everyone should be careful when the pump came from a long consolidation then suddenly pumping 6 to 10K. That pump will most like do a correction.

I don't know if it is because of the quantum computers that's why there's a FUD created but as the China's president appreciating the blockchain technology might be the main reason of this sudden surge of price. And you were right, after that long bearish trend suddenly a bull run start in just a short amount of time will probably followed with a price correction.

[d3nz]

I might be concerned a little about this sudden rise of Bitcoin because it always follows a correction after that. And I am not mistaken, the price may go and stop whenever it wants but the correction of price will be the real deal. Bitcoin has been always like this for a decade, everything that is happening to it there is always a pair of news that's telling because of this and that.

There always a good and bad news for the rise of bitcoin and still the value is rising up and even thou it goes dow  and definitely it will bounce back, and that's why it will remain the same situation even it hits $20k there is still fuds and people will just manipulate each other to take advantage of the flow of market.

And that is the reason on why it is good to hodl more bitcoin. We don't know what will happen after halving and if the price will reach more than the ATH.

[Getmon]

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?

I don't care about the sudden rise of Bitcoin possibly affecting its reputation as a future global currency. The real supporters of Bitcoin do not care about it either. They will continue to buy Bitcoin, HOLD some, and use some to buy stuff. Store of value of global currency, it is always better for Bitcoin to rise and rise. It is not fiat which is slowly losing its value. This is Bitcoin. This is the new standard of money. 

[tinyteapot]

All cryptocurrency holders are concerned about the sudden rise in the price of bitcoin, as you know; when bitcoin sneezes all other coins catches cold.

Btc still remain a good store of value since it is operating like any good financial instruments that react to fundamental issues then correct itself back after the storm. The recent one was caused by the chinese government, we are expecting more blockchain news that could affect btc price positively.

[Getmon]

All cryptocurrency holders are concerned about the sudden rise in the price of bitcoin, as you know; when bitcoin sneezes all other coins catches cold.

Btc still remain a good store of value since it is operating like any good financial instruments that react to fundamental issues then correct itself back after the storm. The recent one was caused by the chinese government, we are expecting more blockchain news that could affect btc price positively.

Sudden rise of Bitcoin is also followed by a sudden down. But the rise makes a longer candle than the fall that is why in the long run the price is still increasing little by little. This is generally better than large sudden pumps.

Bitcoin reacting to issues that relates to crypto or Bitcoin is good thing. At least it responds to the developments of the times. It cannot be that detached from the society. After all, it reacts both to positive and negative.

[hulla]

All cryptocurrency holders are concerned about the sudden rise in the price of bitcoin, as you know; when bitcoin sneezes all other coins catches cold.

Btc still remain a good store of value since it is operating like any good financial instruments that react to fundamental issues then correct itself back after the storm. The recent one was caused by the chinese government, we are expecting more blockchain news that could affect btc price positively.

Sudden rise of Bitcoin is also followed by a sudden down. But the rise makes a longer candle than the fall that is why in the long run the price is still increasing little by little. This is generally better than large sudden pumps.

Bitcoin reacting to issues that relates to crypto or Bitcoin is good thing. At least it responds to the developments of the times. It cannot be that detached from the society. After all, it reacts both to positive and negative.

Bitcoin price in the market sometimes relate to news (good or bad) happening around the crypto realm but not every time and if I could remember during the previous the price of the market was not affected.
With that been said, the reason the bitcoin market and dump was because the market is always maniputed every Q4 of the year before halving year.

[Darooghe]

Our currency is controlled by government and can never be replaced by any other currency. though the technology of cryptocurrency is amazing and much secured than banks but we can't ignore the fact that it is volatile in nature and people can't use a currency that is volatile in nature every second. Due to limited supply of cryptocurrency like bitcoin, makes it inflation free but everyone wants to hold it as an investment like gold and use as a payment method for large transactions. The chances of replacing fiat currency is low (except third-world countries with hyperinflation), still cryptocurrency has a bright future and can be run parallel and change many basic concept in long term.

[Williams_Leo]

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?

I don't care about the sudden rise of Bitcoin possibly affecting its reputation as a future global currency. The real supporters of Bitcoin do not care about it either. They will continue to buy Bitcoin, HOLD some, and use some to buy stuff. Store of value of global currency, it is always better for Bitcoin to rise and rise. It is not fiat which is slowly losing its value. This is Bitcoin. This is the new standard of money. 

Of course, bitcoiners really aren't too concerned about the sudden rise of bitcoin, let me say it in a more rational way, we are concerned also can not find the correct answer because too many explanations for this increase, it could also be news, it could be manipulation, even that could be really potential bitcoin. And in the hundreds and thousands of such answers, our attention cannot contribute to the interpretation or change of anything, therefore, living on emotions and instincts, if bitcoin increases, it will be fun and vice versa

[wajik-tempe]

Our currency is controlled by government and can never be replaced by any other currency. though the technology of cryptocurrency is amazing and much secured than banks but we can't ignore the fact that it is volatile in nature and people can't use a currency that is volatile in nature every second. Due to limited supply of cryptocurrency like bitcoin, makes it inflation free but everyone wants to hold it as an investment like gold and use as a payment method for large transactions. The chances of replacing fiat currency is low (except third-world countries with hyperinflation), still cryptocurrency has a bright future and can be run parallel and change many basic concept in long term.

I don't agree that bitcoin or cryptocurrency security is more secure than banks. Cryptocurrency is less secure and we can lost all of our assets due to hackers, and it experienced many times from different wallets or different exchanges. And ofcourse for replacing fiat our country's government won't let this happen because they can't track their people's wealth and the people could be tax free.

[btc78]

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?

I don't think you really have a problem here instead you only making things worst on your side

Bitcoin growth is still holding until now and did not even fall below 9,000$ so this means  we. Are stable at this point and about the reputation?lol bitcoin is still the most loved and trusted currency in crypto so what about that?

Just be happy about the value and the movement and stop being dramatic investor

[Getmon]

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?

I don't care about the sudden rise of Bitcoin possibly affecting its reputation as a future global currency. The real supporters of Bitcoin do not care about it either. They will continue to buy Bitcoin, HOLD some, and use some to buy stuff. Store of value of global currency, it is always better for Bitcoin to rise and rise. It is not fiat which is slowly losing its value. This is Bitcoin. This is the new standard of money. 

Of course, bitcoiners really aren't too concerned about the sudden rise of bitcoin, let me say it in a more rational way, we are concerned also can not find the correct answer because too many explanations for this increase, it could also be news, it could be manipulation, even that could be really potential bitcoin. And in the hundreds and thousands of such answers, our attention cannot contribute to the interpretation or change of anything, therefore, living on emotions and instincts, if bitcoin increases, it will be fun and vice versa

Bitcoin rising, whether sudden or gradual, is what almost 100% of Bitcoin owners hope and pray. This is the most important thing for them. The majority of Bitcoin owners are not even concerned that they cannot use their Bitcoin in physical shops around their place. They are more concerned if the price of Bitcoin is stuck at a low level, or worse if it is falling. I guess if Bitcoin will rise, it will attract more buyers and more users.

[michellee]

Bitcoin rising, whether sudden or gradual, is what almost 100% of Bitcoin owners hope and pray. This is the most important thing for them. The majority of Bitcoin owners are not even concerned that they cannot use their Bitcoin in physical shops around their place. They are more concerned if the price of Bitcoin is stuck at a low level, or worse if it is falling. I guess if Bitcoin will rise, it will attract more buyers and more users.

I am sure about that. But before bitcoin rise to the higher price, bitcoin will adjust the price again so the price will be ready to increase to the next higher rate. The bitcoin owners will concern if they see bitcoin is down, and they will make prevention from losing the money, or they will still stay calm. But they do something related to the price because they still want to produce more profit from bitcoin. Of course, many of us will be happy to see a sudden increase from bitcoin price because that means we can make more profit. But that will not happen many times, so we need to prepare for the downtrend that will occur later.

[jostorres]

There always a good and bad news for the rise of bitcoin and still the value is rising up and even thou it goes dow  and definitely it will bounce back, and that's why it will remain the same situation even it hits $20k there is still fuds and people will just manipulate each other to take advantage of the flow of market.

And that is the reason on why it is good to hodl more bitcoin. We don't know what will happen after halving and if the price will reach more than the ATH.

This is why I don’t like talking that much about bitcoin value because people could misconstrue my word for being against cryptocurrency when it is just the reality. I am a very strong believer of bitcoin and I believe also that in future, the value of bitcoin will reach its maximum peak which will be satisfactory to all, the time and year is what is not known.

For now, I don’t see bitcoin actually growing past $20k this period because there are many investors that have already set their target for that and once bitcoin is getting to that, I expect the market to crash back before we start talking of picking up again, but if we are smart, we should not be seeing those fluctuation as threat, we should only learn how to work along with that, we buy when it is down and we sell when it is high.