Is bitcoin truly moving forward?

[carter34]

This ups and downs in the market is normal for some of us who is already been exposed to the trading since then.

This is the difference between fiat and cryptocurrency. The fluctuations is making the gains come up. Many like you take the advantage to trade in it and that is why many exchanges are opening more because every person involved  have a way of gaining profit.

[1714780792]

1714780792

[1714780792]

1714780792

[1714780792]

1714780792

[AakZaki]

What must be considered and understood first is the risk posed by bitcoin. Bitcoin has a more volatile price and cannot be confused with gold. The price of bitcoin is very volatile. Moving forward and back is common. Investing in bitcoin should know about when is the right time to buy and when is the right time to sell it. Bitcoin in my opinion is really moving forward. When the price of bitcoin falls, it is a correction to be able to go up to a higher price level. Until now, bitcoin growth has been extraordinary and has become the most powerful asset during the pandemic.

[traderethereum]

Bitcoin is doing very well so far however it doesn't mean bitcoin is about mooning. It's going to be bear for a while but we could still be consolidating between $10.5k-$12k before the next impulse up or down. However, with bitcoin we're always good position since mass adoption on the way.

It will change to the bull run someday, just don't lose hope because bitcoin still at the bear market.
We should be happy with the situation now because bitcoin can back to the $11k, and sooner or later, the price will increase.
I think the adoption process still runs, and bitcoin can invite more people to come to the bitcoin world, but we need to be patient to see bitcoin become globally.
That time will come soon, especially if the bitcoin price can jump to the new high price, and people will see and think about bitcoin.
I think when the bull run comes, the situations will be similar to what we saw before.
So we need to try to follow the bitcoin journey and don't forget to take your profit while you can.
But if somehow, you don't feel strong to hold bitcoin, you can leave the bitcoin world anytime you want, and there is no people will force you to keep staying with bitcoin if you don't want.

[Crptomagma]

 Bitcoin is moving forward and the awareness is increasing on a daily basis.

[FlightyPouch]

Well, that is the reason why they should really put thought on what they will do. Bitcoin is known for its volatility, that is the reason why before they invest in it, they should know the possible outcomes of it. We didn't invest in this because we immediately wanted to become rich or wealthy, and we can't do anything about the price dumps since for me that is also timing for reinvestments and new investors to put their money in it.

[imstillthebest]

Bitcoin is moving forward and the awareness is increasing on a daily basis.

first of all congratulations on your first post on this forum  .  now how can you say that the awareness increase per day ? do you have a proof ? what if the restriction on countries were still the same and what if people dont get curious on what they saw around them  . i guess awareness is not a thing that can happen per day but it can happen in a seperate day or the next few day  but i agree that btc have already moved forward but saying that moving on a next level happens per day , thats not also possible

[Serious475]

Well, that is the reason why they should really put thought on what they will do. Bitcoin is known for its volatility, that is the reason why before they invest in it, they should know the possible outcomes of it. We didn't invest in this because we immediately wanted to become rich or wealthy, and we can't do anything about the price dumps since for me that is also timing for reinvestments and new investors to put their money in it.

Every business man must posses many different characteristics and one of these characters is the risk taking. If one business man cannot tak the risk then he/she wouldn't be having a chance to earn a bit amount of money. All we need to do is to trust ourselves and trust bitcoin because even if we try it and we don't have trust with ourselves and on Bitcoin, we will end up having a trouble and out money will Tues into waste. Since the past few years proves that Bitcoin is moving forward then we can trust our money to Bitcoin so that it may give us a lot of income.

[verita1]

When compared to Gold, Bitcoin showed a positive 5-year correlation of 0.6, suggesting that this was a major reason people believe in the long-term viability of Bitcoin as a safe haven similar to Gold.

https://blog.coingecko.com/coingecko-releases-q1-2020-cryptocurrency-report/

This review could help you if you are looking to compare Bitcoin and Gold. In my mind I am only concerned that the price of Bitcoin is recovering and if I do not buy more at this price it is likely that the price will go up more and it will be difficult for me to buy it.

[TIDOVEE]

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?. Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.

What is now that stand that is expected of us?
Is it to protest for a more constant market or how do we go about it? You need to understand the differences between the gold and bitcoin, the volatility of bitcoin is higher that that of Gold, the dynamics of Bitcoin involves it's bullish and bearish seasonal market which is an intentional specification which gold does not possess.

[matchi2011]

Well, that is the reason why they should really put thought on what they will do. Bitcoin is known for its volatility, that is the reason why before they invest in it, they should know the possible outcomes of it. We didn't invest in this because we immediately wanted to become rich or wealthy, and we can't do anything about the price dumps since for me that is also timing for reinvestments and new investors to put their money in it.

It's shouldn't be treated like that, this venue is an opportunities to learned and earned but not an instant access to success, you need to do your work and keep working to attained your desires.

Bitcoin is progressive as we seen that there are many people nowadays that also embracing and accepting this cryptocurrency. We will see more and more after few more years.

[budi691]

I am sure bitcoin will continue to move forward and will continue to increase maybe until the end of this year, and it is not a loss that you get but profit if you save it,

[mezzaluna]

I'll start my reply with, Gold investors don't also feel the excitement of having your portfolio increased by astonished amount of percentage, bitcoin is a very volatile asset that's why you you see such price depreciation when it does occur although that doesn't mean it doesn't produced a similar result when it goes the other way (which is a positive increase in price).

Bitcoin has been the best performancing asset in the last decade and also is leading the chart on asset with the best recovery rate from the pandemic crashed that affected all market. Investors don't worry about the short term price movement of the market but anticipate of what the future holds. Therefore if truely you're an investor as you speak, you shouldn't be constantly monitoring the market, that's the duty of traders.

You are viewing the growth of bitcoin from the wrong angle as you're making your assumption based on its previous all time highs without considering where Bitcoin is coming from in regards to price gain. Few months back, bitcoin was trading at the lows of $3k but currently trading at $11,300+. The simple solution is to become an investor you speak of and let go of all the distractions of market movement.

Those are some good facts about Gold, its really not that exciting and you will just feel "meh" every time the value of Gold depreciates. Its like expected to happen but then some occasions make it valuable again. Then there is the fact that the Cryptocurrency Industry can really affect the economy but governments are having a hard time to utilize or "manipulate it".

As Bitcoin moves forward, it can also bring along the Alternate Cryptocurrencies which is really notable as growth.

[kaboler]

So we're talking about moving forward in price right?

You can't eat it, wear it, drive it.
You can't buy/sell it to friends and neighbours in a pinch.
It's not real. World of Warcraft gold has value too.
Perceived value because it's catchy. Investors love Tesla and weed because it's fun and catchy. Look at the P/E ratio of gravel pits and lumber mills verses Tesla and Weed. Oh wait, they don't even make quarter to quarter profits, these insanely overvalued stocks. The same could be said about bitcoin. Then again, bitcoin doesn't produce anything, it's not a company. It's basically a form of gambling.

However, if there is a wagon, and you can see this wagon, you should jump on the wagon, no matter how stupid you think the wagon is.

If I want to retire to India or Sierra Leone, I can always find a scammer or a warlord who'd dump local currency for bitcoin (fun times at the transaction point), bitcoin is PERFECT.

Not sure if anyone wants to have .0001 of anything, it's not sexy. So, will bitcoin's limited supply be a "coolness" issue? I think so. That will slow growth.

To be used like a fiat, 10 minutes to confirm really sucks.

So bitcoin I feel is not really moving forward because it's a niche market, like old Louis Vuitton trunks and Porsche 911 turbos. Those go up in value too. But I see people always pushing Bitcoin as a super investment that's going to hit a million each, let's just say I've heard the same pitch from Amway. If Amway had a coin, it'd be a similar feel to Bitcoin in the real world.

At least it's on tickers now.

[XCANA]

Source
Bit is a game of accumulation and not what you and others sees it. The graph above has something new for you and some others while they complain about Bitcoin price fluctuations since it existence, the moment you see Bitcoin price from the point of accumulation the better it will for you. Though, i have been into this industry for quite sometimes now, and have once thought about this until i took a critical look at Bitcoin behaviors.

The weak hands will always be victim of Bitcoin behavior when it come to price movement and the only thing you and others should see is potentials while hold. Buy Bitcoin at this moment and wait for it price to rise will do more miracles than the weak hands most of Bitcoin holders have since inception 

What you shared are the best means of keeping Bitcoin from the onset to when it rap to sell out. Bitcoin is just a game of storing coins and when time due you will make a huge again in the process. Though it's hard to keep some stash a bit by bit because of some discouragement when look at Bitcoin price but it good to have a strong hand as you have said. Accumulation still the very best for investors and bitcoin holders.

[pixie85]

If you compare yearly lows in the last 10 years you'll see that Bitcoin is moving forward. If I remember correctly there's only 1 instance where the low price was really lower in the following year. That says a lot, doesn't it?

With that in mind I have to agree with the statement that the price of Bitcoin can't be used to indicate growth but maybe some other things can:

The number of addresses with positive balance is growing.
Total number of coins is growing.
Hash power is growing.
Number of exchanges around the world is growing.
Number of ATMs is growing.
Number of institutional investors is growing.

Do you really need more?

[chaser15]

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?

Why it should have a solution? If you can't handle the volatility then it's not a market's problem anymore.

The market won't adjust for you. That kind of problem should be addressed by you.

As long as bitcoin is considered as an investment, you will see that $15,000 to $20,000 to $5,000 several times. We have to deal with that price happening.

[Mr.sprin]

I am sure bitcoin will continue to move forward and will continue to increase maybe until the end of this year, and it is not a loss that you get but profit if you save it,

many of the same beliefs as you bitcoin moving forward until the end of the year, a forecast that often happens to encourage following the development of bitcoin, because every year end there is an increase in price.

[peter0425]

I am sure bitcoin will continue to move forward and will continue to increase maybe until the end of this year, and it is not a loss that you get but profit if you save it,

many of the same beliefs as you bitcoin moving forward until the end of the year, a forecast that often happens to encourage following the development of bitcoin, because every year end there is an increase in price.

Only those FUDders are spreading words against the growth and increase of bitcoin because coming from almost a Peanut value 10 years ago,they did not expect that it will reached $20,000 in value.

and still now kicking to hit the highest it can be.

[PANK21]

Sometimes I do notice that bitcoin experience some issues while increasing in value, Bitcoin have increased to $15,000 $20,00. Now we find bitcoin going low, Now I want us to understand no matter how dollar fall it can be as bitcoin, What is the solution of getting this solved?,if bitcoin is Depreciating in value let it not be much, because the falling of bitcoin really scare people away. Would you be happy if you purchase bitcoin worth $15,000 and in the next few months bitcoin is $5,000, would you be happy?. Let look into this and stop deceiving ourselves buy saying we are Investors, Gold investors don’t experience this at all, if bitcoin we go forward then we most know our stand.

I think you are confused about the "moving forward". It doesn't mean that if the bitcoin price becomes low it is not moving forward. The value has nothing to do about the bitcoin moving forward. Have you heard about the Bitcoin core ? You can search it on google. This means that bitcoin is truly moving forward. You don't say something moving forward because of the value, you have to know the development in order to know that if its really moving forward. A little advice, buy bitcoin when it is cheap and try to search about the bitcoin price drop and pump. It's all about timing.Always remember ,investments include risks!.

[gurjasmeetsingh]

Yes,ofcourse l feel bitcoin is truly moving forward. Think  if we compare it with gold, then l can say bitcoin will be profitable instead of gold.because l have invest in bitcoin. I think so.