It's so volatile that even if you begin to guess anything , the dynamics change all of a sudden.

I'm actually trying to sell my BTC but these transaction fees are insane! I'm not paying ~$30 to send my coins. These huge price fluctuations are too much and I want to be invested in more coins with faster tx times.

Excellent post, very interesting information, I invite you to visit my blog, regards

### Good post.

<hr>

https://nexibeo.com/coincheckup/logo-signature.png

[Visit CoinCheckup.com](https://coincheckup.com/?utm_source=comments_on_blogs&utm_medium=link&utm_campaign=Steemit_comments_on_blogs) | [SteemIT - Daily Technical Analysis](https://steemit.com/@coincheckup)

Hi jrcornel,
Nice work sir

Bitcoin still likely to hit $10,000 by end of year. In a few weeks (or days) it will restabalize about 7000 and people will realize that it was manipulation that gave BCH its run and that people holding BTC are what keeps its value. I see $20,000 for BTC in the near future, maybe by summer of 18.

Thanks. I got a basic knowledge of the behavior of btc from your post.

Thanks @jrcornel! I'm rather optimistic about Bitcoin and also think it will go the up again. Thanks for sharing these stats!

If it reaches 5k I will buy some more. Im not a smart man so I just hold for the future.

https://steemit.com/@firmandaputrabbx

Good

Interesting analysis, especially the previous drops.  Having been involved in this space for the past 7 years or so, I have held through thick and thin (having regretted selling most of my btc during the massive run up to 13 dollars in 2011!!).  Its been emotional.

Looking at the big picture this was only a small bump. You need to look at the trends in % opposed to $. We only drop 20% or so. Thats just noise. The overall trend is up.

Thick when will only continue to grow expecting

It's already going up again and may go beyond its initial price before it dropped.

Really informative post with some numbers behind it to back up your point! Not exactly rock solid but no-one knows what the market is going to do at the end of the day. I'm bullish long term, on to $10K and beyond!

Bitcoin will continue to grow ! It's just a little break.

I confess I'm a little divided between the continuity of bitcoin evolution and the surge of ethereum to new unprecedent higthts, because until now bitcoin was mostly being used by people who wanted to by or pay for services that are already on the market and don´t have blockchain roots. And now we are starting to witness a rapsody of blockchain based companies, all of them using ethereum as the mother coin.
Considering the supply and demand rule, there isn't much of a demand for bitcoin in this new market of ICO's followed by the correspondent blockchain companies entering in the market.
Not to mention the transaction fees that are reaching ridiculus values. On a world that people and companies always seek for the cheaper, fastest and safer, I guess bitcoin is getting behind the "competition".
What do you think?

Thanks @jrcornel for this post, amazing work in calling peoples atention to this matter.
Keep on!

I think the price is going to 12K soon. I say this because of the CME exchange and that The Big Bang Theory will have an episode about Bitcoin on 11/30. Mass adoption is very very close.

It is hard for me to even think again of the Bitcoin dropping to 5000$ after all it been through with its SegWit2x being canceled and BCH hard fork going on, and still the price didn't went below 5.5k

I don't know, I'm always skeptical towards statistics. Saying it Bitcoin always bounced back right after 20% dips does not provide any certainty it will do this again and again. As always, no one has the crystal ball otherwise we would all be millionaire.
I've just approached the cryptocurrency world and it's amazing how much volatility these currencies have: this means big gains but also big losses.
I may sound like an old, bitter investor (actually I am, as looking at year long graphs makes me feel like I've lost golden trains) but I would play it safe: invest what you can afford to lose, keep reading news, ride the wave, pull out on warning signs.

Bitcoin will always recover as there is no better choice for a coin to move cryptocurrency between smaller exchanges that only support Bitcoin, Ethereum and Litecoin. Withdrawing cryptocurrency as fiat has been made really hard due to all the regulations and needed paper work. These companies who run exchanges seem to forget Europe has moved mostly to paper-free environment where everything is stored online as bits.

I belive bitcoin's chart might drop a bit but between  two weeks- four weeks bitcoin will make its new high.

People who say bitcoin cannot hold above $6500 DON'T KNOW THE REAL POTENTIAL ABOUT BITCOIN AND BLOCKCHAIN how badly they could disrupt the market.
Thanks for the article !!

Thick when will only continue to grow expecting a two thousand percent increase within the next year or two it will achieve 10,000

If you want to earn some extra money at home
Click below link for details.....

https://eitdesk.com/nzm

I'm biting my nails, I'm on pins and needles!!!

Bitcoin will continue to grow. I have my predictions right. You'll look back on this day at the end of December.

At this point it does seem unstoppable barring government intervention... Thanks!

I'm hoping for a consolidation as well. I have some buy limit orders in ranging from $5400-6000. Friday seems to be the down day in cryptos, so I will wait and see what happens friday and readjust my orders if need be. Good luck!

Historic data shows that bitcoin has only way to go - up.

But, it's only this year that we're having too many forks and FOMO driven  price action (bitcoin cash, bitcoin gold, segwit2x, China ban, Jamie Dimon) and I think this kind of frenzy must stop and some amoutn of sanity driven rise is needed. Plus if we're looking at Bitcoin as a real alternative currency, how would one even feel like using it with this amount of volatility? You'll end you just having hodlers and not users - one guy selling it ot another guy for a higher price and he selling it to a third person for an even higher price and and that's how bubbles are created...

Will bitcoin bring a smile to the faces of investors again with this huge drop?

Good job my friend

It will hold steady for a couple weeks and then continue its upward trend in my opinion ☺ great post only time will tell the story , followed

I would expecting the current bull rally to be even more quick. Trading bot are making money and social engineers are hard a work trying to convince as many people as possible to invest in BCH making money off of them. At least that's how I see it. 

There's also all the trading bots trading with altcoin that are part of how the markets are currently acting. Things are looking good obviously. 

That being said I keep most of my BCH. I'm playing prudent rather than going for it all and risking all.

CME group is adding bitcoin products http://www.cmegroup.com/trading/cf-bitcoin-reference-rate.html