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Author Topic: Bitcoin ups and down  (Read 634 times)

mikesmat

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Bitcoin ups and down
« on: June 07, 2021, 12:17:18 AM »
El Salvador seems to be on its way of been accepted officially for trading. It is gradually conquering the archaic or traditional currency which is more difficult to use for trading globally. While countries like china is officially against it, Bitcoin may fight one of its downside if it tries to use a green way of producing the currency. As it stands, certain agencies or organizations are against it because of the high amount of energy consumed to produce it.
 Another down aspect of Bitcoin is its volatility. A lot of people get concerned about it because of the frequent changes in the value of Bitcoin in short period of time. If there could be a way to reduce its volatility then more people can trust.

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Bitcoin ups and down
« on: June 07, 2021, 12:17:18 AM »


pelana vreo

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Re: Bitcoin ups and down
« Reply #1 on: June 07, 2021, 04:51:27 PM »
- China country still legalizes Bitcoin trading and I think the information media is exaggerating the circulating information, I saw tweets from crypto exchange users in china, they can trade as usual.

- For the problem of electrical energy, I think Bitcoin does not spend a lot of electricity to drive mining equipment such as VGA hardware, because we can compare how much electricity is needed to produce a rocket engine Tesla's  ::)

- Bitcoin price volatility cannot be controlled because miners need high-tech computers to get Bitcoin prizes, other things such as limited supplies will affect Bitcoin prices at any time because Bitcoin is not fiat that can be printed on a large scale.
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Re: Bitcoin ups and down
« Reply #1 on: June 07, 2021, 04:51:27 PM »
:)

Freemind

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Re: Bitcoin ups and down
« Reply #2 on: June 07, 2021, 05:06:56 PM »
The ups and downs are the nature of Bitcoin as we already know, so I don't think there is a need to fear anything. The news we read about China and what the Chinese government says are also different things, we just have to talk to Chinese traders to know that everything is still normal there. And as for the electricity that Bitcoin consumes, I don't know what to say, it consumes much less than all the PS4s sold, I don't know why people complain.
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azmirihaque

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Re: Bitcoin ups and down
« Reply #3 on: June 07, 2021, 08:03:37 PM »
There have some causes of Bitcoin price ups and downs. The general cause is the business cycle of the market where every price fluctuates with ups and downs. No price goes with straight line. In the present BTC price down, Chaina and Elon Musk are contributing largely. This situation will change very soon. BTC price will  come back again.

raisajahan

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Re: Bitcoin ups and down
« Reply #4 on: June 08, 2021, 03:33:37 PM »
The nature of crypto market is ups and down so it also happen in the bitcoin no doubt about it because bitcoin is one of the best crypto currency in the market. I noticed last few years that the price of bitcoin is more volatile than others but finally the price of bitcoin is growing day by day.

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Re: Bitcoin ups and down
« Reply #5 on: June 08, 2021, 04:35:50 PM »
Once again, the market is going through a volatile situation as the price of BTC has come down. At this moment with the price of BTC falling, investors are not able to understand whether the market will dump more or not. But I think everyone should wait a little bit. If we make any mistake by early decision that will be very difficult to recover our loss.

robert20

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Re: Bitcoin ups and down
« Reply #6 on: June 08, 2021, 07:22:42 PM »
There are so many other  things that people are using in their day to day life that emits much more co2 and other gases than a bitcoin mining generates. Ask elon how much his luxury planes and rockets are. People ahould first think how much green energy he is using before blaming bitcoin.
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Re: Bitcoin ups and down
« Reply #7 on: June 09, 2021, 06:55:27 PM »
Looks like it's going to be a very deep dump, in the current state I sell the asset, and move yes to usdt, and wait for the dump price, and buy at a low price

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Re: Bitcoin ups and down
« Reply #8 on: June 10, 2021, 01:29:43 PM »
It is because of these conditions that Bitcoin traders and investors can make huge profits. But most people just want prices to continue to rise, without wanting to experience a price correction. This is a natural thing, just prepare money to buy Bitcoin again when the price drops.
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Re: Bitcoin ups and down
« Reply #9 on: June 10, 2021, 06:00:17 PM »
I have great experienced on different market and i got that the crypto market as more popular tgan any other market cause this market is high volatile and got a good up and down always and get a good profit through this.
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Rokon5

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Re: Bitcoin ups and down
« Reply #10 on: June 10, 2021, 07:16:59 PM »
The ups and downs are the nature of Bitcoin as we already know.There have some causes of Bitcoin price ups and downs. The general cause is the business cycle of the market where every price fluctuates with ups and downs.Bitcoin demand is everywhere so it,s price will happen up and down.
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Re: Bitcoin ups and down
« Reply #11 on: June 10, 2021, 11:09:35 PM »
Yeah. BTC is trying to find its direction. Above 41K or below 30K? The decision of investors will show destiny of the market - Bull or Bear. I hope this week we will see 45K and the death cross will be delayed.

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Re: Bitcoin ups and down
« Reply #12 on: June 11, 2021, 03:03:06 AM »
Bitcoin is Mother of all cryptocurrency. And the habits of cryptocurrency will play ups and down. It is normal behaviour of cryptocurrency. So Some times Bitcoins price will up and wodn. As bitcoin father of all cryptocurrency when bitcoin price ware high then all cryptocurrency price ware high when bitcoin price down then all cryptocurrency price down.

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Re: Bitcoin ups and down
« Reply #13 on: June 11, 2021, 06:37:46 AM »
In my opinion, the ups and downs of bitcoin, on the contrary, people are very attracted, if there was no such volatility, then no one would make money on it, and therefore fewer people would invest in bitcoin, the most important task of a good coin is its high volatility, if it stands on the spot, it will not be interesting to anyone.
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Re: Bitcoin ups and down
« Reply #14 on: June 11, 2021, 10:08:27 AM »
Not only Bitcoin or the whole cryptocurrency market has this roller coaster nature but also other investments like stocks, forex, and even traditional companies. We cannot expect that investments should always way up but every investment has its ups and downs too that is why it is risky but the higher the risk is the higher the profit is.
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