Bitcoin is unstable at the moment

[Sincerem]

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.

 

[GIFTMICHAEL]

Not more than few seconds we just entered February you have started assessing them ready. Bitcoin can improve miraculously or beyond your imagination or control. There is nothing that can not be possible.
The prediction has many days ahead to keep pushing until it rises again.

 

[Eren Jaeger]

Compared to most investments, bitcoin "is a highly volatile, highly risky investment," James Ledbetter, editor of fintech newsletter FIN and CNBC contributor, tells CNBC Make It. "If you look historically at the price of bitcoin, there have been a number of occasions where it's really spiked and then comes crashing down really quickly

 

[Dubai]

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.

Sometimes those predictions do not come to pass. Although they may come close but a few times, the predictions on the future value of bitcoin are totally wrong. So, that's why we should always try to trade with caution and reduce our expectation of the increase in worth of crypto currencies. It being constant for sometimes now is also normal.

 

[Patrik]

"Not improving" ien't really the right word to describe the current situation on bitcoin, let's just say it's pretty unstable, it keeps jumping from a value to another but in the same range, not improving means stable but same price

 

[Asad Ali]

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

 

[Erik4150]

Bitcoin is not doing badly. At least it hasn't dropped to the 20's. It is at $32k but it is always fluctuating. Right now we really can't tell if it is going to drop further or rise again. But we can sit back and hope for the best.

 

[Blessedsam60]

Yes we never can tell. We are just some hours into the month, bitcoin is improving day after day. It will surpass that amount but let's watch and see
happy new month guys.
i wish you all the best.

 

[Sincerem]

Not more than few seconds we just entered February you have started assessing them ready. Bitcoin can improve miraculously or beyond your imagination or control. There is nothing that can not be possible.
The prediction has many days ahead to keep pushing until it rises again.

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.

 

[Sarfraz Ali123]

Today's drop seems to be a temporary correction from the $20,000 price level and was likely caused by the fear, uncertainty and doubt created by today's news,” Igor Runets, founder and CEO of BitRiver, a company that provides solutions for large scale mining, told Decrypt

 

[Sincerem]

"Not improving" ien't really the right word to describe the current situation on bitcoin, let's just say it's pretty unstable, it keeps jumping from a value to another but in the same range, not improving means stable but same price

Corrected, that's true, the word not improving seems odd, as if the coin isn't a popular type around. Currently it is unstable just as you advised. The coin is on the decrease well stuck and unable to move past the $30 - $39k land mark. With what I'm seeing at Bitcoin now, it will be something hard to see it reach at least $40k. The previous land mark it reached and passed before. It will take sometime to get to that level again. Unless something miraculous takes place and makes the price to jump up so high again.

 

[Nathaniel]

Bitcoin's value has been historically quite volatile. In a three-month span from October of 2017 to January of 2018, for instance, the volatility of the price of bitcoin reached to nearly 8%. This is more than twice the volatility of bitcoin in the 30-day period ending January 15, 2020.

 

[Sincerem]

Bitcoin's value has been historically quite volatile. In a three-month span from October of 2017 to January of 2018, for instance, the volatility of the price of bitcoin reached to nearly 8%. This is more than twice the volatility of bitcoin in the 30-day period ending January 15, 2020.

Okay, that's good analysis you carried out. Its been long ago Bitcoin keeps on fluctuating around. The volatile nature of Bitcoin is high that the coin is always known as a rising coin and not a falling type.

 

[chicnthin]

I agree that bitcoin has stopped increasing beyond its recent peak of $40k, but no need to be impatient as it will soon reach a new peak later on. Now, the price seems to be ranging from $30k to $35k this past week.

 

[Bilal0087]

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.

Bitcoin rate is a fluctuating every moment because it depend upon several factors
From the last month, it is unable to cross $40,000 but I hope in the coming few months, its rate will again Surge and will cross $50,000, so its best time to buy Bitcoin for long term investment.

 

[Sake]

Hmm a bit too early to expect a price hike since we're just at the second month of the year.. it's usually rising s lot by November though so that's what im looking forward too. Im actually hoping that bitcoin's price drops a but more at 20k perhaps

 

[Taimoor Jutt]

Yep this is very frustrated situation for investors, whon invested in BTC and waiting it's rise in Price impatiently. Yes predictors were high on weed as BTC changes it's price in minutes so they were overconfident about this, BTC is around $32 $33 in 2 weeks or so not a good sign.

 

[Rashid]

BTC is always unstable and unpredictable for sure. But if we look at price of BTC in 2 weeks, it looks more stable as price is around $32k and $33k so it is stable right now. Hoping for increase in price of BTC now. It changes it's value throughout the day so it's nature is all about unpredictability.

 

[Jomarie05]

Sometimes those predictions do not come to pass. Although they may come close but a few times, the predictions on the future value of bitcoin are totally wrong. So, that's why we should always try to trade with caution and reduce our expectation of the increase in worth of crypto currencies. It being constant for sometimes now is also normal.

 

[Alogakho Esson]

Bitcoin is highly over rated but I think is still making significant amount gain than most of the coins at the moment though there is many prediction by xespart that Bitcoin will hit 50k before February and now we are in February already