Quote from: Duogembrot on December 12, 2017, 07:21:45 AM

Quote from: deisik on December 12, 2017, 07:05:34 AM

Quote from: Hydrogen on December 12, 2017, 01:22:34 AM

With higher bitcoin prices, it could be a good practice to look at percentage shifts rather than quantity of dollars or other btc might be exchanged for. While the dollar amount of price shifts increases as bitcoin's price rises higher, the percentage rates of price shifts appears to be stabilising. Bitcoin is becoming less volatile over time, in terms of percentage shifts, as it becomes a more known phenomena and things like forks are better known and understood with a prior historical precedent.

Bitcoin is not becoming less volatile

Why do you people not read the OP? I mentioned there that Bitcoin is going even more volatile as the price rises. And yes, I mean relative changes, I think in relative changes if you please, i.e. changes in percentages specifically. I've even given an example above which proves that. Now we just need Bitcoin to go down as low as 6-7k dollars to prove me right. Or we could at first surge as high as 25k and then fall back to 10k dollars. This is not because of external factors affecting Bitcoin (though they certainly do). This is due to Bitcoin limited supply and the inverse relationship between Bitcoin supply and its price, most of the time

bringing bitcoin back to a 6-7k dollar price is very unlikely, the more logic it is for people who know the benefits of having bitcoin then they will buy as much bitcoin as possible no matter what price there is if the investor or the bank is in dire need then the price is expensive.

Why is it unlikely?

Is it because you just happen to feel or think it is unlikely? But such feelings and thought can be very deceptive and utterly misleading since this is how market fools most players. Typically, you shouldn't rely on your "gut feelings" when making investments, those who do end up broken eventually. Anyway, let's remember that prices were in that range (6-7k dollars) just a month or so ago. If Bitcoin has risen so fast to so high levels, what would prevent it from falling back to where it started as fast?