cryptoboss2020 (OP)
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October 16, 2020, 03:46:49 PM |
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lets say world will go all most in bitcoin and crypto..... and i sell something today but tomorow the price is more or less? so today btc price is 10k and tomorow maybe 9k? anyone can explain to me how that will work? but my 10k usd or eur is tomrow same? how the bitcoin and eth and other crypto creators will solve this problem? or if i want to keep my current value its my own problem to exchange my btc into fiat currency if i want to keep value. thank you
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sheenshane
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October 16, 2020, 04:07:29 PM |
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Probably you need to read this article ( https://bitcoin.org/en/faq#general ) and it explained very well the volatility of Bitcoin and how the price circulation is made. But here is my short insight, basically it is because of the demand and supply that makes Bitcoin fluctuate and meaning to say, it has a fixed amount. If you will sell today in a small amount, that doesn't have effect on the price (unless, if you will sell a huge amount), anytime soon Bitcoin will change its price, using this website you can follow the price flow. After purchasing Bitcoin just hold it until the price fluctuates into a high price, that's how you will make a profit with the perfect timing of selling your Bitcoin.
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palle11
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October 16, 2020, 04:28:55 PM |
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Bitcoin is highly fluctuating because of demand and supply. When there is huge sells against buy, you are likely to see such a high rate of volatility. Supply of bitcoin is limited to 21m, these are all factors. Fiat is not limited in any form.
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Ucy
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October 16, 2020, 04:52:34 PM Last edit: October 17, 2020, 03:20:39 AM by Ucy |
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You could use stablecoin for that. Hope you know what stablecoin is. It's basically coin that is designed to be "stable"... as stable as fiat currencies or some other stable things.
Stablecoin and cryptocurrency like Bitcoin can exist side by side. One can be used more for buying and selling while the other can be used more as Store of value, or for saving coins/assets(long-term saving esp) . A good Cryptocurrency would keep increasing in price as people find it valuable/useful, hold/save it and demands keep increasing. This feature (called deflationary feature) protects savers funds from future inflation. By the way, price of goods and services could be both in stablecoin and cryptocurrency. The stablecoin could help make things less confusing for buyers and sellers when Bitcoin/crypto fluctuates
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cryptoboss2020 (OP)
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October 16, 2020, 04:54:46 PM |
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You could use stablecoin for that. Hope you know what stablecoin means. It's basically coins that are designed to be "stable"... as stable as fiat currencies or some other stable things.
Stablecoin and cryptocurrency like Bitcoin can exist side by side. One can be used more for buying and selling while the other can be used more as Store of value, or for saving coins/assets(long-term saving esp) . A good Cryptocurrency would keep increasing in price as people find it valuable/useful, hold/save it and demands keep increasing. This feature (called deflationary feature) protects savers funds from future inflation. By the way, price of goods and services could be both in stablecoin and cryptocurrency. The stablecoin could help make things less confusing for buyers and sellers when Bitcoin/crypto fluctuates
so far stable coins are one the best in things in crypto yes i know what are the stable coins.
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acroman08
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October 16, 2020, 06:47:23 PM |
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you, claiming to be an experienced trader on your other thread I would have assumed that you have an Idea why bitcoin's price is volatile. I thought a trader would have wanted to know these things to further understand what they are trading. anyway, I can't say that I understand the fluctuation/volatility of bitcoin's price completely but reading articles regarding the topic it seems that supply and demand is a good answer. but if you still have further questions that need to be answered it would be best to search through the internet while waiting for others to answer your question here in the forum. as experinced trader i can tell that btc price gaps getting longer and orders not filled. we see that no traders the newbies are out of cash and no other sources of income. the excnhagers getting closed and short of cash low cap coins getting disabled and so..... -snip
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cryptoboss2020 (OP)
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October 16, 2020, 07:33:32 PM |
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you, claiming to be an experienced trader on your other thread I would have assumed that you have an Idea why bitcoin's price is volatile. I thought a trader would have wanted to know these things to further understand what they are trading. anyway, I can't say that I understand the fluctuation/volatility of bitcoin's price completely but reading articles regarding the topic it seems that supply and demand is a good answer. but if you still have further questions that need to be answered it would be best to search through the internet while waiting for others to answer your question here in the forum. as experinced trader i can tell that btc price gaps getting longer and orders not filled. we see that no traders the newbies are out of cash and no other sources of income. the excnhagers getting closed and short of cash low cap coins getting disabled and so..... -snip
yes im not cryptocurrency expert im here just for profit.
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CarnagexD
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October 16, 2020, 08:04:30 PM |
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This is a dream that we can never have simply because all of us wants to benefit with bitcoin, accept the fact that it isn't a currency anymore as it was designed to work for, it is an investment now, a back up and a new class of storing wealth. In short, we cannot solve the fluctuation of bitcoin as long as people are trading it, if you gonna spend bitcoins forget about the word 'regret' coz you will really feel it at some point.
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Sebas.tian
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October 16, 2020, 08:40:23 PM |
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I would have advise OP on some issues: don't hold huge stash of Bitcoin and ethereum without not considering stablecoins whenever the cryptocurrency market tends bear. Most of my time when the market tends to get into red then I switch into stablecoins to avert my loss. Well, nothing anyone can do with this happenings but just be smart which ever way to take the needed profits.
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cryptoboss2020 (OP)
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October 16, 2020, 08:47:46 PM |
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I would have advise OP on some issues: don't hold huge stash of Bitcoin and ethereum without not considering stablecoins whenever the cryptocurrency market tends bear. Most of my time when the market tends to get into red then I switch into stablecoins to avert my loss. Well, nothing anyone can do with this happenings but just be smart which ever way to take the needed profits.
bills need to be payed and income stream can not be stopped! current crypto situation i dont like it.
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XCANA
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October 16, 2020, 08:48:44 PM |
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This is a dream that we can never have simply because all of us wants to benefit with bitcoin, accept the fact that it isn't a currency anymore as it was designed to work for, it is an investment now, a back up and a new class of storing wealth. In short, we cannot solve the fluctuation of bitcoin as long as people are trading it, if you gonna spend bitcoins forget about the word 'regret' coz you will really feel it at some point.
That's just the truth, there's nothing anyone can do about this Bitcoin volatility and other cryptocurrencies. Sometimes, it good to switch between from high volatility coins to stablecoins for security purposes. Don't imitate the whales in the industry because they're big in their holdings, so, safely keep your coins into stablecoins to minimize your loses.
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joniboini
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October 16, 2020, 08:50:34 PM |
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bills need to be payed and income stream can not be stopped! current crypto situation i dont like it.
Well I suggest you should not rely on your trading income then. Trading should not be your main source of income unless you're godly skilled at it. Some traders that I know of has two or three side-job to pay their bills. Relying on trading profits when you're not that good at it or when you don't have any capital to spare is risky as hell. The risk and reward ratio is probably not good either.
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Twinkledoe
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October 16, 2020, 08:54:26 PM |
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You could use stablecoin for that. Hope you know what stablecoin is. It's basically coins that are designed to be "stable"... as stable as fiat currencies or some other stable things.
Stablecoin and cryptocurrency like Bitcoin can exist side by side. One can be used more for buying and selling while the other can be used more as Store of value, or for saving coins/assets(long-term saving esp) . A good Cryptocurrency would keep increasing in price as people find it valuable/useful, hold/save it and demands keep increasing. This feature (called deflationary feature) protects savers funds from future inflation. By the way, price of goods and services could be both in stablecoin and cryptocurrency. The stablecoin could help make things less confusing for buyers and sellers when Bitcoin/crypto fluctuates
I think the OP needs to read some basic articles here just like what sheenshane provided. But for him to at least not worry about volatility, he can start with stable coin like USDT, but not big investment just small one to start with and have the grasp how cryptocurrency works. He needs to start with small funds as crypto is really a high risk investment. And from that point, he can start checking out btc or eth, and learn the market price movement. It is not easy at first, but with more info, he will understand more what's going on with crypto.
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cryptoboss2020 (OP)
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October 16, 2020, 10:07:25 PM |
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bills need to be payed and income stream can not be stopped! current crypto situation i dont like it.
Well I suggest you should not rely on your trading income then. Trading should not be your main source of income unless you're godly skilled at it. Some traders that I know of has two or three side-job to pay their bills. Relying on trading profits when you're not that good at it or when you don't have any capital to spare is risky as hell. The risk and reward ratio is probably not good either. lol:D i got no time for this , i give btc few more days!
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Viscore
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October 16, 2020, 10:50:09 PM |
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It explains mutliple times how volatility works and how the market change. Volatility is the nature of this market, we can't hold it nor able to change it. But the reason why many people have an interest in this is because a higher chance to become profitable.
Let say, you buy Bitcoin at $10k today and possible that it can be $9k by tomorrow. I understand your worries but have you think that there is no chance that it goes higher that $10k by tomorrow then?
If you are living with those worries and doubts, there is no reason for you to keep crypto in your life. If you are not comfortble with this, I suggest to leave and never push yourself to a thing that you are unhappy. It certainly stressful to you honestly seeing the pump and pump scenario.
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hatshepsut93
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October 16, 2020, 11:46:24 PM |
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lets say world will go all most in bitcoin and crypto.....
If that happened, Bitcoin would automatically stop being so volatile, because volatility comes from lack of liquidity and uncertainty about its feature, i.e. whether mass adoption is actually coming or not. Bitcoin would probably always be more volatile than fiat currencies, since there's no central bank to stabilize it, but it's theoretically possible, and maybe even quite likely that it will eventually stop being so volatile.
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vania vin
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October 17, 2020, 12:37:09 AM |
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lets say world will go all most in bitcoin and crypto..... and i sell something today but tomorow the price is more or less? so today btc price is 10k and tomorow maybe 9k? anyone can explain to me how that will work? but my 10k usd or eur is tomrow same? how the bitcoin and eth and other crypto creators will solve this problem? or if i want to keep my current value its my own problem to exchange my btc into fiat currency if i want to keep value. thank you no one can predict tomorrow, today 10k maybe tomorrow 9k it could be tomorrow 11k too. I only sold half and I kept half for my hold. That's very fair
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$crypto$
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October 17, 2020, 01:44:57 AM |
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It explains mutliple times how volatility works and how the market change. Volatility is the nature of this market, we can't hold it nor able to change it. But the reason why many people have an interest in this is because a higher chance to become profitable.
Let say, you buy Bitcoin at $10k today and possible that it can be $9k by tomorrow. I understand your worries but have you think that there is no chance that it goes higher that $10k by tomorrow then?
If you are living with those worries and doubts, there is no reason for you to keep crypto in your life. If you are not comfortble with this, I suggest to leave and never push yourself to a thing that you are unhappy. It certainly stressful to you honestly seeing the pump and pump scenario.
I think if the dependence on trading then there will be a concern because they don't know when bitcoin will go up and down so I think it shouldn't be more important compared to other income, bitcoin is quite stable at the moment 10k but don't know tomorrow or the day after that will happens so we never know the movement of its fluctuations when it occurs in the market. If I have doubts about what I think about the price of bitcoin with its ups and downs then it will be stressful for me too if we think of other things to not focus on trading then this will be a sideline for me.
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Debonaire217
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October 17, 2020, 02:06:51 AM |
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If I got your question correct OP, everything falls to the concept of Economy in which the demand and supply dictates what the price of a product or services could be. To explain it further imagine if you really want to buy something in limited supply. since no one wants to sell theirs, you will think of ideas in order to buy it, the best possible way you could acquire the product/service is through buying it more than its price. The same thing is happening when people want's to sell right away, it pushes the price to decline.
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btc-facebook
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October 17, 2020, 02:20:23 AM |
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The price of Bitcoin or other crypto will always be volatile and you will not be able to change it stable because the price of bitcoin depends on market demand, there is another solution if you want to save assets in cryptocurrency but don't want their value to decrease, you can save your assets to stable coins such as USDT or DAI,
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