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Symmetrick

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Quote from: adaseb on April 01, 2022, 10:22:09 PM

I think the opposite is right. If it wasn’t for covid who knows if Bitcoin would of hit $69K or stock market making these crazy ATHs or if GameStop would of been bankrupt already.

People got a stimulus and stuck at home. They got bored and decided to invest in the stock market. Stock market went up like crazy due to retail participants.

Months later everybody started to follow crypto and it was the same. Lots of new adoptions and such. Lots of stimulus went into crypto and such. If it wasn’t for covid who knows where we would be in the markets.

Quite right. It was the pandemic that spurred the crypto market to large-scale growth, and thanks to the pandemic, institutionalists began to expand their investment portfolios and add bitcoin there as a protective asset against macroeconomic risks. And due to the fact that, due to the pandemic, the Fed began to actively stimulate the economy and allocate billions of dollars to maintain it, those people who received subsidy money, they spent it on cryptocurrencies, increasing the price of bitcoin even faster.

Americans, for example, very often spent $1,200 in social security payments to buy bitcoin.

MinMan

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Quote from: Symmetrick on April 02, 2022, 05:13:24 AM

It was the pandemic that spurred the crypto market to large-scale growth, and thanks to the pandemic, institutionalists began to expand their investment portfolios and add bitcoin there as a protective asset against macroeconomic risks. And due to the fact that, due to the pandemic, the Fed began to actively stimulate the economy and allocate billions of dollars to maintain it, those people who received subsidy money, they spent it on cryptocurrencies, increasing the price of bitcoin even faster.

It wasn't even "just" crypto that got that huge growth. I mean since money was given for free to people basically, everyone used that to either survive, or if it wasn't needed for that, then they invested with it. At one point Elon Musk worth 300+ billion dollars, Jeff Bezos was right there as well. Combined they worth 500+ billion dollars between just two of them.

This shows what the stock market was like, it is recovering right now as well and it's coincided with crypto increase as well. This means that the market is getting better, and everyone is looking at investing all over again, we just had a crash, both in crypto and stocks but that is becoming old news.

adaseb

legendary

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Quote from: Wilhelm on March 31, 2022, 12:15:58 PM

The only thing holding back bitcoin is the amount of money that needs to get injected.
The bigger bitcoin gets the more it needs to go higher.

For now COVID etc. has limited what people can invest and it's all been on the low low last two years.

Hope some ETFs and other financial instruments get released and adoption continues and bitcoin gets attention again ...

I think the opposite is right. If it wasn’t for covid who knows if Bitcoin would of hit $69K or stock market making these crazy ATHs or if GameStop would of been bankrupt already.

People got a stimulus and stuck at home. They got bored and decided to invest in the stock market. Stock market went up like crazy due to retail participants.

Months later everybody started to follow crypto and it was the same. Lots of new adoptions and such. Lots of stimulus went into crypto and such. If it wasn’t for covid who knows where we would be in the markets.

Wilhelm

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The only thing holding back bitcoin is the amount of money that needs to get injected.
The bigger bitcoin gets the more it needs to go higher.

For now COVID etc. has limited what people can invest and it's all been on the low low last two years.

Hope some ETFs and other financial instruments get released and adoption continues and bitcoin gets attention again ...

bocyaj

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Activity: 1313

Merit: 302

Quote from: Wong Gendheng on March 30, 2022, 09:29:28 AM

Bitcoin is still valuable and continues to survive because it is still actively used, with an ever-increasing community making the price and demand for bitcoin continue to increase, moreover more and more companies continue to adopt and develop bitcoin so that it is easier to use and makes demand continue to increase.

Now the price of bitcoin is around 47k dollars was not a less value.But if you trust the potential of the bitcoin,just hold the money.The price of bitcoin is not a expected rise now.The price will cross the 60k dollars in a couple of months.So just hold the money in bitcoin.When the bitcoin cross the value of 60k dollars,your profit percentage will be higher than now for sure.

ShowOff

legendary

Activity: 2618

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Quote from: ?? on ??

Such a group of people always thinks a lot and ends up buying at the very top. Cheesy

Many people don't understand the basics of the market, that when everything goes up, you have to sell, and when everything goes down, you have to buy. For most, it's the other way around. Throughout February, the market gave people the opportunity to buy cheap coins, whether bitcoin or altcoin. But no one did. Everyone was waiting for some additional signals. And now, when the market has already grown by 30-40%, people suddenly began to en masse wonder what they would invest in. Cheesy

I think they know what the purpose of trading is but some of them are afraid to make a decision so there are times when they ask at the wrong time like when the market has grown better than before. Such people have no strategy in trading and will continue to depend on others for their decisions while trading is buying low and selling high to make a profit. But these people will also be able to profit if the market continues to grow better than when he bought which just takes a lot of patience.

bitgolden

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Quote from: TravelMug on March 29, 2022, 05:26:29 PM

probably when we hit $50k, there could be a new set of investors again, whether come backing to the market or beginners as retail investors.

We will see, the price seems to be fluctuating around $47k'ish in the last 24 hours, and the volume right now seems to be decent although it is not the same as we are in a bull run. But still good enough for the last week or so to go up and move away in the $30k range, vey good indication and hopefully it can go and and gather momentum for a April run to $50k.

I believe that those people are watching like hawks right now. They want to get in but they are not certain if the price will go up or not. They are looking right now to see if the price will continue to go up and will decide to invest in when the price does continue to go up. However what they do not realize is that this group is such a huge one that if they got in right now, they would take it higher themselves Cheesy

.

It is always a bit weird to tell people "you don't have to wait for it to go up, you could buy right now at cheaper level so that you could take it higher and make a profit thanks to yourself", because they never trust that others will do the same. If everyone did it, we would be talking about 100k right now instead of 50k.

Wong Gendheng

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Bitcoin is still valuable and continues to survive because it is still actively used, with an ever-increasing community making the price and demand for bitcoin continue to increase, moreover more and more companies continue to adopt and develop bitcoin so that it is easier to use and makes demand continue to increase.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: buwaytress on March 29, 2022, 07:21:30 AM

Quote from: ?? on ??

Quote from: buwaytress on March 29, 2022, 03:14:39 AM

Yawn 48k, higher than when we started the year, time to say the original question of thread's answered or is that speaking too soon? Wink

Of course given.

I think the accumulation phase, which lasted 2 months, is over and now we are expecting a surge in volumes, volatility and price growth. Bitcoin broke through one of the key resistance levels, thus marking the beginning of the bull run. As Glassnode predicted, selling pressure from short-term investors eased, and bullish faith was still strong, nothing is holding the price back from rising, even the aggravated geopolitical situation. I think we can easily conquer 50,000 and up in the near future. April should be bullish.

Yeah, I definitely buy the volume expectation too, I think there's been more than a few parties/people/institution who have been holding off on liquidation for a while now. First, when they caught the November ATH too late, and then those who were expecting Dec ATH (remember when every influencer was naming 31 Dec) and then now that we're back at that same position, some will have decided to change their mind and wait again for ATH.

50k is certainly going to look like a signal for that. Happy days.

Yeah, probably when we hit $50k, there could be a new set of investors again, whether come backing to the market or beginners as retail investors.

We will see, the price seems to be fluctuating around $47k'ish in the last 24 hours, and the volume right now seems to be decent although it is not the same as we are in a bull run. But still good enough for the last week or so to go up and move away in the $30k range, vey good indication and hopefully it can go and and gather momentum for a April run to $50k.

Oilacris

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Quote from: ?? on ??

Quote from: buwaytress on March 29, 2022, 03:14:39 AM

Yawn 48k, higher than when we started the year, time to say the original question of thread's answered or is that speaking too soon? Wink

Of course given.

I think the accumulation phase, which lasted 2 months, is over and now we are expecting a surge in volumes, volatility and price growth. Bitcoin broke through one of the key resistance levels, thus marking the beginning of the bull run. As Glassnode predicted, selling pressure from short-term investors eased, and bullish faith was still strong, nothing is holding the price back from rising, even the aggravated geopolitical situation. I think we can easily conquer 50,000 and up in the near future. April should be bullish.

We are all eyeing on the next month to come to be bullish and it is true and most people had observed out that even on sentiments around like that War didnt really put up soo much effect on the overall

market which is a good indication that it could really withstood such scenario.Somehow im not that assure that we are on that accumulation phase when we do able to stay on 40k price point or even
that 38kish kind of price.

Having some breakouts is a good thing but doesnt make out an assurance that we would be going back into that path once again but well impressions and assumptions could really vary.

henmark

sr. member

Activity: 812

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Quote from: buwaytress on March 29, 2022, 07:21:30 AM

I definitely buy the volume expectation too, I think there's been more than a few parties/people/institution who have been holding off on liquidation for a while now. First, when they caught the November ATH too late, and then those who were expecting Dec ATH (remember when every influencer was naming 31 Dec) and then now that we're back at that same position, some will have decided to change their mind and wait again for ATH.

50k is certainly going to look like a signal for that. Happy days.

I do believe that volume will definitely keep going because of the increase, and not because of the hold off. I mean sure there could be some places that had some USDT and waiting for it to get better, but there were also some people who didn't expected it to go up, saw it go up, they were shocked and they just got caught in the hype of it all and got in.

This doesn't mean that they were wrong, or doesn't mean that they were the only ones, it just means that these type of increases can't be explained by just one thing, it needs to be multiple things all together. I have to say that the best thing we could do right now is to focus on getting better volume and liquidity and keep it that high for the betterment of the price.

buwaytress

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Quote from: ?? on ??

Quote from: buwaytress on March 29, 2022, 03:14:39 AM

Yawn 48k, higher than when we started the year, time to say the original question of thread's answered or is that speaking too soon? Wink

Of course given.

I think the accumulation phase, which lasted 2 months, is over and now we are expecting a surge in volumes, volatility and price growth. Bitcoin broke through one of the key resistance levels, thus marking the beginning of the bull run. As Glassnode predicted, selling pressure from short-term investors eased, and bullish faith was still strong, nothing is holding the price back from rising, even the aggravated geopolitical situation. I think we can easily conquer 50,000 and up in the near future. April should be bullish.

Yeah, I definitely buy the volume expectation too, I think there's been more than a few parties/people/institution who have been holding off on liquidation for a while now. First, when they caught the November ATH too late, and then those who were expecting Dec ATH (remember when every influencer was naming 31 Dec) and then now that we're back at that same position, some will have decided to change their mind and wait again for ATH.

50k is certainly going to look like a signal for that. Happy days.

buwaytress

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Yawn 48k, higher than when we started the year, time to say the original question of thread's answered or is that speaking too soon? Wink

Quote from: GeorgeJohn on March 27, 2022, 03:34:37 PM

Some Bitcoin analyst has proven that Bitcoin don't have much acceleration or elevation in price this year, and the price will be revolving between forty thousand plus and low thirty thousand plus until the year is out of hand, so anticipating that Bitcoin price regulations can come up between the year or affect the crisis between two countries, from my perspective is not assured, because bitcoin increment is been determined by the demand and supply of market regulations.

Proven? What's there to prove that the market doesn't plainly provide for all to see? 30% gains in the last 30 days, that's not an accelerated gains compared to most other conventional markets?

If that's the best an analyst can come up with, I'm not sure you've looked around enough for youself.

btc_angela

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Quote from: GeorgeJohn on March 27, 2022, 03:34:37 PM

Quote from: Johnyz on March 23, 2022, 04:45:37 PM

Bull trend are more possible now, investors are just waiting for the right signal and if the price reach $43k, I can assume that bull is here and the price will start to fly high again. The war is still the reason for holding back, but since peace talk are possible happen and many adoption happened, bull will happen as well.

Some Bitcoin analyst has proven that Bitcoin don't have much acceleration or elevation in price this year, and the price will be revolving between forty thousand plus and low thirty thousand plus until the year is out of hand, so anticipating that Bitcoin price regulations can come up between the year or affect the crisis between two countries, from my perspective is not assured, because bitcoin increment is been determined by the demand and supply of market regulations.

I think it is too early to say if bitcoin is going to be bullish, I also said that a $43k break out is a good indication that we 'might' be bullish. And since the price is going up in the recent days, climbing to $47k-$48k, now the right signal could be move to $50k. And if this is broken again, then maybe the investors are confidence again on the market. But I'm not buying into the bullish signal still, one negative news will bring the market down again.

GeorgeJohn

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Quote from: Johnyz on March 23, 2022, 04:45:37 PM

Bull trend are more possible now, investors are just waiting for the right signal and if the price reach $43k, I can assume that bull is here and the price will start to fly high again. The war is still the reason for holding back, but since peace talk are possible happen and many adoption happened, bull will happen as well.

Some Bitcoin analyst has proven that Bitcoin don't have much acceleration or elevation in price this year, and the price will be revolving between forty thousand plus and low thirty thousand plus until the year is out of hand, so anticipating that Bitcoin price regulations can come up between the year or affect the crisis between two countries, from my perspective is not assured, because bitcoin increment is been determined by the demand and supply of market regulations.

Silberman

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Quote from: Johnyz on March 23, 2022, 04:45:37 PM

Quote from: dbc23 on March 23, 2022, 01:01:21 PM

At the moment investors are on the waiting end to see the next move of the trend. There have been no significant recovery after the last dip. We only had a shallow pump in match. For now no speculation on the next move is accurate until a new trend is formed and maintained. All the bullish news trend that was expected to cause a spike made no difference which is an indication the bears aren't exhausted yet.

Bull trend are more possible now, investors are just waiting for the right signal and if the price reach $43k, I can assume that bull is here and the price will start to fly high again. The war is still the reason for holding back, but since peace talk are possible happen and many adoption happened, bull will happen as well.

We are going to have to see if that is true, there have been peace talks but probably one of the most obvious things that two rivals do when engaging in peace talks is to stop fighting each other during the negotiations, otherwise the more resentment there will be among those that are negotiating the peace talks and the more difficult it would be to reach a deal, but this has not happened, which most likely tell us that Putin has no intention for the peace talks to succeed, affecting the price of bitcoin in the process because of the uncertainty.

pooya87

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Quote from: Symmetrick on March 21, 2022, 05:37:28 AM

They have been reporting for months that the circulating supply is declining and that there are fewer and fewer bitcoins on the exchanges.
But this does not affect the price.

That's because similar to hashrate, the relationship with price is in the opposite direction. Meaning when price stabilizes and/or market becomes risky and unpredictable (like these days) there will be less incentive for day trades to trade bitcoin ergo they pull their bitcoins from exchanges.

Quote

Also, the tweets of Elon Musk and Michael Saylor that they are not going to sell bitcoin and that now is the time to invest have no effect either.

Evidence has been suggesting that the community no longer pays attention to "celebrities" who make statements about bitcoin specially if this is not their first attempt.

Quote

if there is some kind of impulse, then the selling pressure very quickly nullifies the entire bullish impulse and returns the price back to the values that were before the impulse.

This is one of the main issues preventing the rise back to normal. This is fueled by the increased number of shorts, where essentially market manipulators borrow bitcoin to dump and prevent the rise from happening. It will only stop when their losses surpass their incentive to manipulate. That can take time.

The other big reason is the uncertainty of people who are too afraid to buy bitcoin because of the drop it had and the large amount of FUD they've been fed over the past months.

GreatArkansas

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Quote from: Symmetrick on March 21, 2022, 05:37:28 AM

(.....)
Bitcoin seems to be stuck in some kind of weightlessness, in uncertainty, or it is deliberately restrained and strong price movements are being prepared for some specific news or event that should happen soon. Who thinks about this?

For me, these past few weeks and now, the price of Bitcoin is normal. Because I can also relate this even on the stock market, even if you will see, most of the markets now are neutral, no huge dumps or pumps same with Bitcoin.
Volumes of Bitcoin to exchanges decreasing is a positive for me, less inflows of Bitcoin to exchange is good for me and more outflows.

Since February I have really expected these kinds of price movements for Bitcoin, more sideways are expected for the coming months.

aruldaroy

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Quote from: Untomabur on March 26, 2022, 09:32:44 AM

If according to technical analysis, the price of bitcoin is currently still in a safe zone to enter the bullrun again,
it is currently experiencing a decline because at the price of $45000 it is a heavy resistance from Bitcoin,
3 times the price of $45000 has failed to penetrate, I hope this decline is a healthy correction , and Bitcoin can break through $45000 again.

For sure it will happen $45000 will still be reachable by bitcoin price for this month or next month.
Every decline that occurs there will be a reciprocal correction in the future.

Untomabur

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If according to technical analysis, the price of bitcoin is currently still in a safe zone to enter the bullrun again,
it is currently experiencing a decline because at the price of $45000 it is a heavy resistance from Bitcoin,
3 times the price of $45000 has failed to penetrate, I hope this decline is a healthy correction , and Bitcoin can break through $45000 again.

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