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Bitcoin really been as volatile as people say?

  • MusicMoguls Level X3
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    Write the reason you're deleting this FAQ

    Bitcoin really been as volatile as people say?

    Since Bitcoin became a little popular in 2012 everyone has been saying that it is volatile. I always hear mining and trading is not profitable. I have proven them wrong and i have figured out a way to invest wisely. I study two things one of them is the history. The second thing i study is current events and possible things that could happen for Bitcoin and the entire Crypto Currency industry. If you pay attention and study the history of this currency you will see a pattern. Bitcoin is up and down and it has been since the birth of this crypto. The question you have to ask yourself is has it really been down?


    Lets take a look at history in 2013 after the massive spike to $1300 it dropped steadily to $221 a little over a year later. The question is did it really fall or increase in value? Lets answer this question by taking a look at what the price was before the spike. October 3rd 2013 2 months before the spike the price was steady between 108 and 118. The price in 2015 when the drop came to a halt was $221 still over $100 dollars higher. Do you see what i mean about it becoming more valuable even though it took a massive drop? By January of 2016 the price was back up to 375 and we have never seen the original low resistant of $118 or the second one of $221 ever again.

    Recently the price has been affected by world events. China Yuan depreciating is causing the price of BTC to rise. If the price passed 700 and goes into the 750 range and holds steady i think we will find a new low price of 700. In recent weeks that price was 600 and i don't believe that we will ever see the 600 price again. The price will just keep going up! Bitcoin is expected to shoot up again in October of 2017. If we see the same % Bitcoin could go up to 10,000 per one coin. It will fall again like it did before but well over 1800 a coin. Is Bitcoin the rite investment? Is it really volatile? What do you guys think about this?


    I hope my topics are helping you understand the behavior of Bitcoin so that you can make the rite investment. As always thank you for reading please don't forget to follow me and like the topic.

    https://listingdock.com/user/jkeyz2

    https://www.seoclerks.com/user/jkeyz2

    #Bitcoin #Volatile #Crypto #Currency #Digital Technology & Internet
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    procoder

    procoder

    Well bitcoin as everything else has its ups and downs, and that it's too normal if you ask me because nothing is or will remain always stable.Bitcoin is becoming very popular these days, and it's still growing everyday and this it's a very important thing because as more people use it as more the price will rise. Now i don't think that the "stability" is the reason why people don't trust on bitcoin, the real problem here is that people still see it as illegal service, and seriously I don't understand which part of bitcoin is illegal, or when they say..since you are using bitcoin probably you have something to hide..Well that's completely wrong, and I'm pretty sure that the people's opinion will change over the time. As long as you're making good income from it, it means that investing on Bitcoin worth it.
    9 years ago

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    MusicMoguls

    MusicMoguls

    Yes i agree thank you for your comment. Many people do believe that it is linked to money laundering or ponzi schemes. The bottom line is that criminals will use anything they can use to make money or to hide it. Bitcoin and other crypto currencies are no exception to this. Good income is not the word im beginning to see that trading Bitcoin is more profitable than mining. I don't think we will see some real money on the mining until may June of 2017. We have a big possibility of hyper inflation happening and Bitcoin landing in the mid 2000 dollar range per 1 Bitcoin. I will write a topic on my next prediction for the price of BTC of the next few weeks.
    9 years ago

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    Cristian

    Cristian

    What if I buy it when its up and then suddenly a market correction come along and I lose about half of my initial cash. Of course, that may not happen, but people don't understand that they see how volatile bitcoin is and how it has a lot of ups and downs plus the fact that the actual prices change every day, people need to learn and adapt with this, it won't happen overnight to reach the masses.

    I mean if you have 100 bucks today, you will still have 100 bucks tomorrow, I know you actually don't because the dollar loses and gains value all the time, but most people don't know this.
    9 years ago

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    MusicMoguls

    MusicMoguls

    Here is the thing though and i agree with what your saying. If i invest my cash and a price correction comes i lose money rite? Wrong lol you just wait and sell high. At most your money is tied up for a few days but you only lose it if you cash out low thinking its going to tank lol. You take advantage of every dump or drop by looking at the 24 hour high and low. I cant give away to much but the point is Bitcoin has never lost value. Look at Bitcoin from 2012 until now the price has only gone up in the long run. Short term its easy to make good trades China makes 90% of the trades so when they come online the price goes down because everyone is selling. Last 2 days the price has slumped to 678 680. then during the day the price is 696 or more, that is $15 a coin times 10 coins with a $3 fee lol. The point is its trading is profitable mining is profitable and the price has only gone up overall. The dollar fluctuates so does every other currency you are correct about that.
    9 years ago

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    Lynne

    Lynne

    Like you say Jkeyz2 anything that you invest in will go up and down.... just look at Gold for example. Lots of people also invest in things like oil or companies... over time the value in general increases but the line up is not straight.

    I am getting so interested in buying Bitcoin now. I am going to take the plunge, I am just getting some money together and of course I need to decide how I am going to go about it. I can't decide if I want to trade or just buy! Choices...
    9 years ago

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    MusicMoguls

    MusicMoguls

    In the short term yes it will fluctuate but over a long term the money just goes up i mean i don't make this up. These are facts from research, and i always tell people never take my word for it read for yourself. Take the plunge Lynne i will help you every step of the way i currently have someone in Canada im helping as well. If you have money that you can save just buy a keep key and hold onto it. If you want to make another income flow then trade maybe you can split it and do both. on average with 3.5 coins im making 50-60 a day average some days i make over $100.
    9 years ago

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    Barida

    Barida

    Bitcoins prices is just like how other prices of other items that could be bought and sold in the market. You cannot tell me that a price of books is the same every year in the market or that the price that you purchased a packet of snacks could be the price that they are selling it today. These cryptocurrencies prices are affected the same way as other items that could be traded, the major thing is making profits out of it.
    9 years ago

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    overcast

    overcast

    It is volatile and it needs to have proper touch as well. You can see that monero and other type of currencies are gaining more traction. And people who are into shady stuff are making use of the private type of the cryptocurrency. And for this reason it'd be reasonable to make use of the currency from the bitcoin and get it converted there. I guess depending on how the people choose to have transaction security. It'd be more vulnerable to market changes.

    You can expect people adopting the bitcoin. But in future they may surely be adding a lot of issues in due process. I have learned that there is going to be more black money into the system.
    9 years ago

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    vinaya

    vinaya

    I knew bitcoin only in 2014, I had my first bitcoins in 2015 and it was just about $400, however, the price has gone up to $10,000. When I was using bitcoin, I did see fluctuation in the price, however, the price never went too low. It always increased. Had the bitcoin price reached the saturation level, or will it continuously increase?
    8 years ago

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    Corzhens

    Corzhens

    Just like a real currency, we have to understand the fluctuating value of the bitcoin and other crypto currencies. That unexplained fluctuation of value is one of the reasons why I am turned off by crypto currency. Until I don’t have the guts to invest in crypto currency because of some unexplained matters like who or what is dictating the valuation and where the crypto currency comes from.
    7 years ago

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