Quote from: deisik on January 10, 2019, 05:18:27 PM

Quote from: jadenunderhill on January 10, 2019, 04:38:47 PM

Quote from: xuv500 on January 06, 2019, 06:57:31 PM

What is going on with bitcoin ? there are many fluctuations in short span of time within a limit of $500? but bitcoin is unable to reach a new landmark and trailing around $4000. what's the reason for these temporary price fluctuations?

Nothing new. Just falling again. -10% in 10 hours. I'm starting to think BAKKKKKT will not help

$1200 is a new goal

Possible but not very likely as what we see these days is caused by supply squeezes when supply is running low on gas at lower prices (because no one wants to sell). That allows exchanges to play their favorite game - short squeezes. Hence sudden bursts of volatility. But despite tremendous volatility, we are still trading in a rather narrow range, with support provided by low supply and resistance by low demand. Obviously, this is not going to last forever and sooner or later, we will break out

Which direction exactly is anyone's guess

It something we challenge everyday and accepting this challenge will only the be way to survive. It actually there is no huge price increase as people will so seldom and not even selling their coins. If we all just holding our BTC, there is no market changes and it could be stack up with the price today.
We do want changes, so we do the trades even during the dips.