Joined: Jan '14
Location: Romania
Age: 46 (M)
Posts: 13966
Bitcoin has overturned many calculations. Mathematicians, other professionals working in the banking, wall street or any other field which is related to this virtual currency were shocked to see how this virtual currency went up but how they are masters in the field will be able to benefit from the rest of the population.
The launch of trading bitcoin futures in the US last week was accompanied by hiccups and stops, but in the end the scheme earned. Thus, another important step has been taken to institutionalize and recognize the world's main crypto currency of the modern world. Now in Germany they also thought about following the example of the Chicago Stock Exchange, and market participants forecast the growth of the bitcoin rate to 40 thousand dollars next year. Skeptics, however, predict that futures trading may be the beginning of an end for the bubble of virtual currencies.
Joined: Feb '11
Location: United Kingdom
Age: 61 (M)
Posts: 5719
The value of my bitcoin has increased by over 500% in 6 months. While I a man conscious that this could be wiped away in a far quicker time, the modest amount I had has proved a nice little speculative investment, it’s nice to have been somewhat ahead of the curve for once! It will be interesting to see what happens to it all now!
Joined: Mar '09
Location: Greece
Age: 49 (F)
Posts: 14197
It did dive as you said. Perhaps to the reason you mentioned, along with the story, of bitcoin cash that i read about. It is a significant drop, from almost 20k to about 16.5k. But for some it will be just another opportunity to buy even more of, to either stock or resell
Joined: Jan '09
Location: Italy
Age: 55 (M)
Posts: 3871
Posted by Mober: It did dive as you said. Perhaps to the reason you mentioned, along with the story, of bitcoin cash that i read about. It is a significant drop, from almost 20k to about 16.5k. But for some it will be just another opportunity to buy even more of, to either stock or resell
Yes my Lady, you are right : that shady bitcoin cash speculative movement greatly affected Bitcoin price ...as already ahappened a couple of week ago.
Rumors say there is one or more whales ( bticoin rich people) able to influence, therefore speculate and gain over, Bitcoin price (on of them being Roger Ver - google it if you are curious).
Joined: Mar '09
Location: Greece
Age: 49 (F)
Posts: 14197
Well the drops continues. About 1300 USD more down from the time i checked yesterday, but there are many people confident it will reach same levels again soon. And it is not the first time it has done such dives. I will google that name for sure
Joined: May '08
Location: Germany
Age: 61 (M)
Posts: 6787
One has only to look of the enormous amount the price had risen and the short timespan it needed to do so, to see that Bitcoin was/is in a bubble. At the moment we see pure speculation, so the price will stay volatile.
The bitcoin rate fell by 15 percent per day, reaching $ 13,048 on the night of December 22. Bloomberg reports. This became the minimum value since December 17, when the value of the crypto currency rose to almost $ 20,000. Thus, in five days bitcoin lost 30 percent in price. According to CoinDesk at 09:05 Moscow time, the crypto currency was worth $ 14,100. According to Bloomberg, the collapse of the bitcoin can be associated with the growth of the value of Bitcoin Cash.
Joined: Mar '09
Location: Greece
Age: 49 (F)
Posts: 14197
The price dropped today below 12k for the bitcoin. I wonder how many bought there, which was a good one to enter. Now it is up again bu almost 3k So it has bounced up, and probably with some small bumps on the way will continue to rise.
Joined: Mar '09
Location: Greece
Age: 49 (F)
Posts: 14197
It has started going up again with a steady rhythm you can say. It is almost 16k right now. So by the end of the year it might be back at the last high of all times. Although now with holidays it may not happen. About a week left, so we will see.
I saw the graphs of the fall of various currencies .... I do not remember where but I remember how it happens .... any currency grows in value .... then it reaches the upper point and begins to fall .... then a small rise .... and then a precipitous drop is very very low .... let's see how it will be here
Joined: Mar '09
Location: Greece
Age: 49 (F)
Posts: 14197
Back up to 16000 again now. It was down a little below 13000, so fot the ones that dared once more, or for the very first time, that is a profit of 6000 in just a few days It goes steady again up at 20000, Maybe this time it can go even higher, without any big news.
interesting movement .... I assumed that after bitcoin began to fall, then it's nothing will stop .... and then he started to grow again .... I read that some kind of knowledgeable person said that such a fluctuation of the course is normal. .. maybe he's right, because that's what's going on.
Joined: Jan '14
Location: Romania
Age: 46 (M)
Posts: 13966
Posted by Mober: Back up to 16000 again now. It was down a little below 13000, so fot the ones that dared once more, or for the very first time, that is a profit of 6000 in just a few days It goes steady again up at 20000, Maybe this time it can go even higher, without any big news.
If someone would tell me to buy a bitcoin i think i would say no. His fluctuation is too direct and does not present any safety. Is a big drop and then climbs again after a short period of time. Unconvincing for me or for many others. The decision to buy these crypto coins can ruin you so it's hard to risk.
Joined: Mar '09
Location: Greece
Age: 49 (F)
Posts: 14197
You can do small investments, ones that you can afford to loos at this point, if you are interested. But indeed for many like myself now it is already too late to risk it, although i have a few sats, mostly for the fun of it.
Joined: Mar '09
Location: Greece
Age: 49 (F)
Posts: 14197
It was a bit stuck for a couple of days, little below 13k, but now up to almost 15k Another 2k there for a bet if someone plays high and low. Havent seen any of the currency trading platforms, to see what is going on with it.
Joined: Mar '09
Location: Greece
Age: 49 (F)
Posts: 14197
After that big dive, below 10k USD, it has recovered about 3k the last three days. Is it gonna hit the 20k mark again. And if so how soon that will be? I will probably cash out my few satoshis when it hits 20k again.
