Bitcoin is unstable at the moment

[GIFTMICHAEL]

Okay, I'm not skeptical about delay yet. But it seems that you didn't follow up the widespread speculation around the digital currency weeks before now. Lots of crypto experts gave their take on the Bitcoin future price before February. Some saying it will top $50 before February, but it seems that such forecasting is no way near.

Okay i understand what you are saying @Sincerem. People can speculate, forecast and predict but that doesn't mean that they will be right always.
For me i think that this speculators are Bitcoin motivator or promoters. They tend to make people see reasons to keep investing in Bitcoin.

 

[Sincerem]

Okay i understand what you are saying @Sincerem. People can speculate, forecast and predict but that doesn't mean that they will be right always.
For me i think that this speculators are Bitcoin motivator or promoters. They tend to make people see reasons to keep investing in Bitcoin.

Yeah, they predict the future of Bitcoin but sometimes they never predicted right about it. We learn from those Bitcoin enthusiasts based on their wide knowledge about the coin and other Cryptocurrency. But Bitcoin and other cryptos are highly predictable. We only try to exaggerate the price, and expect to go straight to it and not otherwise.

 

[GIFTMICHAEL]

Yeah, they predict the future of Bitcoin but sometimes they never predicted right about it. We learn from those Bitcoin enthusiasts based on their wide knowledge about the coin and other Cryptocurrency. But Bitcoin and other cryptos are highly predictable. We only try to exaggerate the price, and expect to go straight to it and not otherwise.

Yes you are right, we also need to understand that this speculators are entrepreneurs who also may be the major investors that plays other role in promoting or being used to predict the future of cryptocurrency in order to garnered people from investing in Bitcoin.

 

[KvngMurphy]

Sure Bitcoin is unstable but I still feel the possibility of it hitting 50k before the end of February is high and I love its dancing step which is 5 steps forward and a step backward. I think it's not a bad one at all

 

[Kinglegend01]

Yeah I totallyagree, bitcoin presently has been on the not so great side for the past few days, to be really sincere am a little bit disappointed with its value right now, the projections that were made about it is kind of far from where it is presently, let just hope its value appreciates in future.
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Yeah I totallyagree, bitcoin presently has been on the not so great side for the past few days, to be really sincere am a little bit disappointed with its value right now, the projections that were made about it is kind of far from where it is presently, let just hope its value appreciates in future.

 

[Niftyyem]

I really think that bitcoin needs the stabilization it is getting presently at least for a couple of days. I wouldn't put it past the coin to just shoot up again in price in the next coming weeks, so its current value shouldn't be a problem.

 

[Nurudeen]

The bearish downtrend on the Bitcoin technical chart is still very there and far from leaving. The last week improvement is just as a result of elon musk tweet about Bitcoin. For now you can buy Bitcoin dip and wait for some months to go up but I don't see clocking $50,000 this February at all

 

[Sincerem]

Yes you are right, we also need to understand that this speculators are entrepreneurs who also may be the major investors that plays other role in promoting or being used to predict the future of cryptocurrency in order to garnered people from investing in Bitcoin.

Hmm, they don't promote Bitcoin nor make more people to invest on cos they are not the Bitcoin creators. Rather they are just like us, but due to their high level of knowledge made them to study the movement of Bitcoin and have clue about its fluctuations.

 

[Mandypaul]

bitcoin's is a crypto-currency that you can never expect it to be stable and I've never seen a situation in which the price of a cryptocurrency like bitcoins is always stable there are always unstable and unpredictable all the time and that is a good quality of a cryptocurrency that has a good future.
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bitcoin's is a crypto-currency that you can never expect it to be stable and I've never seen a situation in which the price of a cryptocurrency like bitcoins is always stable there are always unstable and unpredictable all the time and that is a good quality of a cryptocurrency that has a good future.

 

[Zevin]

No one can be 100 percent accurate about cryptocurrency price prediction. There are a lot of factors involved and no one is sure which one of these factors affected the price fluctuations. Generally speaking, bitcoin and other crypto price is depended on demand and supply, if the currency gets more investors, the price begins to go down and if the investors began to ditch bitcoins, the price starts going up.

 

[Shahid Abbas]

For a few days, the price of bitcoin is not stable at one place, due to which traders are facing a lot of difficulty, but predictors says that soon its value will become stable and it will overcome the $ 50k

 

[Rodericklorenzo01]

Bitcoin is evolving and it is unstoppable. The world is slowly adapting to its nature. We need to adapt to it and accept the reality of it. Time changes so as the currency. This is the change.

 

[Kelly5]

Where are those expert predictors, forecaster that forecasted that the price of Bitcoin will top $50k before February. Now we are into February and it seems no improvement around the coin since the recent toll took place around the coin during the middle of January. It showed some glimpses of improvement last week, immediately went downward and its currently at $32k.

If you look at the chat on bitoin depending on the time frame you are watching it from, just as you said, it appears unstable. It is ranging at this point, getting set to take a real direction. When that breaking happens, the direction is certain.

 

[Noor khan]

Where are those expert predictors, forecaster that forecasted that the price of Bitcoin will top $50k before February. Now we are into February and it seems no improvement around the coin since the recent toll took place around the coin during the middle of January. It showed some glimpses of improvement last week, immediately went downward and its currently at $32k.

Where are those expert predictors, forecaster that forecasted that the price of Bitcoin will top $50k before February. Now we are into February and it seems no improvement around the coin since the recent toll took place around the coin during the middle of January. It showed some glimpses of improvement last week, immediately went downward and its currently at $32k.

Where are those expert predictors, forecaster that forecasted that the price of Bitcoin will top $50k before February. Now we are into February and it seems no improvement around the coin since the recent toll took place around the coin during the middle of January. It showed some glimpses of improvement last week, immediately went downward and its currently at $32k.

I think in my opinion This is not because Bitcoin is growing at the same speed as its actual speed.Some people even give it a temporary jump which makes it temporarily very high.Many people are currently depositing in Bitcoin because the price has dropped and people are taking advantage of it.By the end of 2021, this currency will be very high and reach the highest value of the world. But I'm not sure yet.

 

[sam386150]

This bitcoins that is not stable is very annoying, in fact it is beyond my own understanding, because my expectation was maybe bitcoin we remain stable, sometimes our expectation and prediction fail us.
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This bitcoins that is not stable is very annoying, in fact it is beyond my own understanding, because my expectation was maybe bitcoin we remain stable, sometimes our expectation and prediction fail us.

 

[Kelvin7656]

Mark Blackman consults on emerging technologies after a career at Qualcomm. James Cooper, a CoinDesk columnist, is a professor of law at California Western School of Law in San Diego.
With the impacts of COVID-19 still ravaging financial markets and trillions being deployed by governments and central banks to stem the economic carnage, one cannot help but wonder if this is cryptocurrency’s breakout moment. This unstable environment seems ripe for cryptocurrency to come out of the shadows and become a viable asset class and legitimate alternative to our fiat-based economies. With the proposals for a digital dollar, some legislators in the U.S. Congress seem to think so.

 

[Ltherman]

The going rate for bitcoin currently is not bad though i know a lot of predictions has been flying around. I have even seen a prediction of bitcoin reaching $100k by the end of 2021. All these are pure permutation what plays out in the market is completely different from what our seers said.

 

[GIFTMICHAEL]

Hmm, they don't promote Bitcoin nor make more people to invest on cos they are not the Bitcoin creators. Rather they are just like us, but due to their high level of knowledge made them to study the movement of Bitcoin and have clue about its fluctuations.

Most times they predicted wrongly inspite of the level of knowledge.
Although i know that the drop in Bitcoin is not an abnormal occurrence it is the nature of the currency.
Well i really appreciate the speculations of those speculators.

 

[Dowenship]

They are predictors as you said, and they are not always right, they only predicted based on what they saw during the hike in January which was very easy for any crypto trader out there guess. So we not learn not to depend on prediction any more.

 

[Yewande]

Where are those expert predictors, forecaster that forecasted that the price of Bitcoin will top $50k before February. Now we are into February and it seems no improvement around the coin since the recent toll took place around the coin during the middle of January. It showed some glimpses of improvement last week, immediately went downward and its currently at $32k.

I understand where you coming from but I believe it's too early to discuss this anyway. What most of this forecaster do is to talk about the coin in a way that more people will want to invest in it. And it has been working.