Re: Bitcoin price is recovering!

It has really recovered well from the price drop it got way back in January which was 700$ per Bitcoin it has now truly recovered which came to a high priced at 1200$ per Bitcoin. Which is a 500$ improvement in a little over a month. Now the price of Bitcoin got back to the 1000$ level due to again a shorting that happened last week. Hoping to see the price of Bitcoin recover again this week.

Actually it has not recovered rather it settled new goals and new price records this time if I am not wrong. And guys why you become so much worried when the price even drops a little ?
If the price would only go up and up only traders would find it impossible to earn via trading. I am one of those traders and hence I know the value of these swings, its really crucial.

Well dropping and rising by $200-300 is a lot. But I agree, it's just the business cycle at work here, the coin can't grow without falls

Today again it's increasing now the price is 1117$. I think in this weekend we can again see the Bitcoin price around 1200$. Yes, this price fall help traders to do good business otherwise there is no work for traders. This 200 and 300$ up and down will give nice profit to traders. I think since last few months traders are made a nice profit in Bitcoin trading.

Yes the traders benefit from this but, still the majority of normal users are not happy with those fluctuations. With the whole hard fork thing going on this month hadn't been great for normal btc users

Maybe to some extent, but I don't think it'll result in people losing faith. It's okay that there are fluctuations, even to quite low levels - there have been drops as low as at the start of 2014 and I'm comfortable with it because while I'm not holding too much, I'm still comfortable.