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Topic: [2019-02-19]Bitcoin Price Hits $4,000: Is this the Start of a Bull Run? (Read 294 times)

legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.
Looks like it isn't and just another bull trap. Or another group of whales manipulating the market so they can sell at you higher. The marketcap was at $140 billion and above when btc was more than $4k but it went down below $130 billion so somebody was just doing what they are good at.

Market rise a bit and fall back again to 3800$ levels . Might be just a small correction would have happen as some big players would have made quick profits in couple of days and sold it . They might buy back again at this levels and sell or hold for future rise .

I highly doubt that will happen because people who sell their coins these days don't need more coins, they have more than enough of them. We can only hope that new adopters will jump in the game and that the amount they buy will not be overtrumped by another massive selling by the whales, as always happens in recent times.
hero member
Activity: 1218
Merit: 557
Looks like it isn't and just another bull trap. Or another group of whales manipulating the market so they can sell at you higher. The marketcap was at $140 billion and above when btc was more than $4k but it went down below $130 billion so somebody was just doing what they are good at.

Market rise a bit and fall back again to 3800$ levels . Might be just a small correction would have happen as some big players would have made quick profits in couple of days and sold it . They might buy back again at this levels and sell or hold for future rise .
hero member
Activity: 2842
Merit: 625
Looks like it isn't and just another bull trap. Or another group of whales manipulating the market so they can sell at you higher. The marketcap was at $140 billion and above when btc was more than $4k but it went down below $130 billion so somebody was just doing what they are good at.
There were reports that there are a lot of wallets that are accumulating bitcoin and I think that this the period of accumulation hasn't ended. The bear market hasn't ended and there's more time not just for the whales and small investors to get more.

Billions has been taken out from the market within minutes and who can think of that as someone who's been playing in the market individually? Usually with this kind of taking profits, it's mostly the whales or exchanges that we can think of.
legendary
Activity: 2170
Merit: 1427
These are probably the same people who were complaining at $15,000 that they missed their chance to buy in cheap. Well now it is cheap, and instead of buying they are panic selling at every tiny drop. I just don't understand them.

It's pretty common within markets that people buy that what goes up and sell that what goes down. In other words, price up means they expect it to go up further, price down means they expect it to go down further. I was like that as well back in my very early crypto days. I was here solely for the profits and didn't care what it was that I bought and sold. It's a convenient way to rekt yourself.

Losing money doing things is still the best way to figure out that what you do is wrong. People will figure it out one day. Some need to be rekt twice to do so.
legendary
Activity: 2268
Merit: 18587
People think like that because they have bags to unload, which they firmly kept holding all the way down.
Buy high, sell low, that's the motto, right!?

Honestly ridiculous some of the things you see. People on reddit complaining they bought just before the "crash" of $300 dollars, and so they've made a 10-15% loss by cashing out immediately. Like, I just don't understand it. You've had literally months of the price hovering around $3,600 to buy, you wait for the price to go up 20% in a week, then buy, and then immediately sell when it dips again? These are probably the same people who were complaining at $15,000 that they missed their chance to buy in cheap. Well now it is cheap, and instead of buying they are panic selling at every tiny drop. I just don't understand them.
full member
Activity: 490
Merit: 100
Looks like it isn't and just another bull trap. Or another group of whales manipulating the market so they can sell at you higher. The marketcap was at $140 billion and above when btc was more than $4k but it went down below $130 billion so somebody was just doing what they are good at.
legendary
Activity: 2170
Merit: 1427
The new bull run will start when people will stop reacting to price increases like this with the words "is this new bull run" and instead will be saying "it's a bull trap".

People think like that because they have bags to unload, which they firmly kept holding all the way down.

The bullish sentiment that was going through the market has taken a massive hit, and we got rid of selling pressure in the process. The first fragile looking support is around $3700 where another reset will very likely bring us back to $3500 which I will be looking to long in that case. Short term speaking (max a few months from here) I do see higher highs locally and potentially test $4800-$5000 levels.

If you keep testing the same resistance levels over and over, they'll break eventually because it indicates demand to the up side.
legendary
Activity: 2954
Merit: 2145
The new bull run will start when people will stop reacting to price increases like this with the words "is this new bull run" and instead will be saying "it's a bull trap". This is because early bulls accumulate close to the bottom, when the market is pessimistic. If people are still expecting quick recovery, this is a sign that we are still not ready for a new bull run, and the market can be unstable, as the price can plummet every time a bullish trend fails.
legendary
Activity: 2268
Merit: 18587
But such little growth that we could watch is just temporary warming on the market.
Temporary is the right word, since we have just dropped $300 in an hour. I don't pay much attention to the price, but the bunch of new threads predicting doom and gloom were hard to miss. Just as quickly as everyone jumped on the sudden increase to predict the start of an epic bull-run that would lead to $50,000, now the same people are declaring the bull market is dead and we will see months more of $3k prices.

Fine by me though - I'm not done accumulating at these prices. A few more months of bear market would suit me fine.
full member
Activity: 658
Merit: 152
My God? Do people tired so much from bearish market that they ready to put big hopes for every little raise of the price?
I think we may talk about new bull run only in the case if the price will keep raising for weeks or even months. But such little growth that we could watch is just temporary warming on the market.
legendary
Activity: 3458
Merit: 1960
Leading Crypto Sports Betting & Casino Platform
I have to say, since that Twitter tip bot for the Lightning Network was introduced, we have seen a renewed interest in Bitcoin and the tweets from Elon Musk is also making some good waves in the industry.  Cool

People are slowly getting back into Bitcoin and that is a good sign. I just hope this positivity can last a lot longer than the previous breakouts that we had in the previous weeks.  Tongue
hero member
Activity: 2604
Merit: 548
Seabet.io | Crypto-Casino
I believe this to be a new bull run, even if it is not a new bull run what we're experiencing in the market is very big. Because the price has crossed the $4000 margin and now crossed $4125 all of the sudden. This is quite interesting to see the price moving faster to the $4500 barrier. At present the entire market has turned green with more and more growth to every cryptocurrency.
member
Activity: 980
Merit: 62
I don't think that this is the start of the bull run. Some good and positive news for the blockchain industry has been released lately and they have impacted the price of Bitcoin upwards. I see that the starter point of a bull run may be at 5-6k. And also I do not expect a raise more that 10k in the price of bitcoin by the end of 2019.
However, now the price stability of bitcoin and ethereum is rather strange on the market after a slight increase in their price. I would say that the signs of a bull market are still outlined. Now, perhaps, there will be no such sharp price spikes, growth will be mainly slow. Let's see what will happen to the prices further.

I don't understand how a stability in the price can be translated as the start of the bull run or it indicates that the prices are going to be higher.
If that was the case then the prices should continue to rise for a long period and not be stable after 2 days of increase and a small percentage of the higher value of cryptos.
full member
Activity: 952
Merit: 104
I think the bull run is fulse alarm until now the price of bitcoin is stack not moving up at more than 4000$ at this moment, small percentage of price pump not means it's indication for the bull run trend but of course time has come for us just give more patience.
hero member
Activity: 1218
Merit: 557
I don't think that this is the start of the bull run. Some good and positive news for the blockchain industry has been released lately and they have impacted the price of Bitcoin upwards. I see that the starter point of a bull run may be at 5-6k. And also I do not expect a raise more that 10k in the price of bitcoin by the end of 2019.
However, now the price stability of bitcoin and ethereum is rather strange on the market after a slight increase in their price. I would say that the signs of a bull market are still outlined. Now, perhaps, there will be no such sharp price spikes, growth will be mainly slow. Let's see what will happen to the prices further.


Slow and steady the price is moving upwards which in a way is good because we don' anticipate a major crash now. Had it risen suddenly all by 1 or 2k in a day or two it would have even fallen sharply. So if it continues this way people would be more than happy.
hero member
Activity: 2408
Merit: 564
Very early to celebrate and safe to assume that this is the start of the bull run. I wouldn't speculate that much and expect too much with the market now until we see such tremendous gains. We do become excited when see a pump but we shouldn't feel safe with that. For the short termers, this is a very good opportunity for them but for the long term holders, remain calm and let the market move on its own. The market has been very unpredictable and hard to say if we're in or not.

We don't have to be so excited what's happening in the market. But I would say, I'm happy what I'm seeing. Hopefully, this will continue. You are right, for those holders, just stay calm and enjoy the moment. And please don't create so much speculation threads.
Yes, we shouldn't be excited but it's okay to be happy. A rough year has pass and it's basically normal for anyone to think of something good because of this market. Wishing all the good things to come on this market and waiting for those moments until we see the rise stable as before. Remaining calm and watching the market is the best thing to do in such times, you don't have to be triggered and you just observe all things while you are preparing your next move.
full member
Activity: 966
Merit: 104
I don't think that this is the start of the bull run. Some good and positive news for the blockchain industry has been released lately and they have impacted the price of Bitcoin upwards. I see that the starter point of a bull run may be at 5-6k. And also I do not expect a raise more that 10k in the price of bitcoin by the end of 2019.
However, now the price stability of bitcoin and ethereum is rather strange on the market after a slight increase in their price. I would say that the signs of a bull market are still outlined. Now, perhaps, there will be no such sharp price spikes, growth will be mainly slow. Let's see what will happen to the prices further.
sr. member
Activity: 1988
Merit: 275
Very early to celebrate and safe to assume that this is the start of the bull run. I wouldn't speculate that much and expect too much with the market now until we see such tremendous gains. We do become excited when see a pump but we shouldn't feel safe with that. For the short termers, this is a very good opportunity for them but for the long term holders, remain calm and let the market move on its own. The market has been very unpredictable and hard to say if we're in or not.

We don't have to be so excited what's happening in the market. But I would say, I'm happy what I'm seeing. Hopefully, this will continue. You are right, for those holders, just stay calm and enjoy the moment. And please don't create so much speculation threads.
hero member
Activity: 1666
Merit: 753
The short-term rebound on February 19, saw Bitcoin surge to the $4,000 price level, leaving several cryptocurrency investors hooked and some analysts keeping their attitude inert. Bitcoin could “melt our faces off” in the long run with an amazing rebound.

While the last cycle gave back around 16x, as Bitcoin swung from $1,200 to $20,000, the next trend could likely bring much higher returns. According to Survivalism, a financial revolution prepper, a pump to around $750,000 seems to be irrational.

We're already seeing some FOMO in the market because people have simply gone for so long without any sort of real upwards action.

I disagree with the fact that this is the start of a bull market. I personally think that markets will continue to move mostly sideways rather than heading in any one particular direction, at least for the next few months given the bearish sentiment still present.

I also don't think that this upcoming bull market will bring about higher returns - it's very difficult to see that happening given now bitcoin's market cap is several times bigger, and markets have matured significantly. I think that FOMO buying in an overheated market will certainly cause people to buy irrationally, but most likely, not to the extent of the last bull market.
hero member
Activity: 2408
Merit: 564
Very early to celebrate and safe to assume that this is the start of the bull run. I wouldn't speculate that much and expect too much with the market now until we see such tremendous gains. We do become excited when see a pump but we shouldn't feel safe with that. For the short termers, this is a very good opportunity for them but for the long term holders, remain calm and let the market move on its own. The market has been very unpredictable and hard to say if we're in or not.
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