[2019-04-02]Bitcoin Trades Over $5,000, is the Next Bull Run Knocking?

1Referee

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Quote from: BitHodler on April 04, 2019, 04:52:32 PM

Makes me think about why CME isn't trying to get an ETF product approved. Maybe they understand that it's pointless to begin with.

That. CME CEO seems way more knowledgeable about this market and Bitcoin than CBOE and all involved crypto related parties such as the WV twins and SolidX. It's all about making money for CME, which means that if there was a realistic chance to have an ETF go through, they would go for it in an attempt to outplay the CBOE, which they don't.

CME has had enough time to sit back and watch how the CBOE and SolidX were facing disappointment after disappointment. No way they are going to get themselves involved in that. Not really a good thing for your reputation to see the SEC crush your proposals time on time again. It's way easier to watch your competitors do the effort and fail so you know how to get things done the right way when the time is right.

BitHodler

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Quote from: 1Referee on April 03, 2019, 09:41:04 AM

CME yesterday generated 12,000 contracts worth 50,000BTC and it looks like they'll easily go over that today. People saying that CME doesn't play a role have to open their eyes and start to acknowledge that this fake Bitcoin platform has a firm say in this market.

Initially it didn't seem like they were a factor to pay attention to due to their low volumes, but they now definitely are. 113k BTC has been traded today which I believe is a new record for the books.

I totally get it why CBOE threw the towel in the ring. CBOE only did ~5600 BTC in volume today, which is an utter failure for one of the largest legacy exchanges to ever exist.

Another thing is that the low Bitcoin futures volumes take down their overall statistics, so it has to be ditched. Makes me think about why CME isn't trying to get an ETF product approved. Maybe they understand that it's pointless to begin with.

Slow death

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Quote from: maydna on April 02, 2019, 10:13:15 PM

Finally, the price cross $5000 again hehe Grin

is something very good, but then fell to $4800, I see that it will be very difficult for the price to reach $5500 and I also see that it will be very difficult for the price to stay above $5500 for a long time. But we will continue to monitor the price

Quote from: Betwrong on April 03, 2019, 09:34:37 AM

Maximine Coin, whatever it is, has lost 40 % in the last 24 hours:

look at the increase that altcoin cash had and who bought it on the Top should have many reasons to be very sad because after the altcoin cash fell a lot. Invest in altcoins is something very dangerous

rodel caling

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Quote from: maydna on April 02, 2019, 10:13:15 PM

Finally, the price cross $5000 again hehe Grin

I am sure many of us have a great time to sell bitcoin at a price now. We are holding bitcoin a long time before, and now it's the time to take a profit for a while. Although the price now is at $5000, it still a good price for us to sell it right now since we are hungry to make a profit. Make sure you are ready if this was a start for the bull run and don't miss your chance to make a big profit.

Yeah this is the most awaiting time of the bitcoin holders, but for me isn't a right time to sell bitcoin $5000 isn't enough price hype to cut off the loses from the last ATH.

pixie85

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In the last 2 weeks I kept saying that it's not a bull run until we get through 5000. Anything below that followed by a correction would be lower highs and still a bear market. Today we got 5350 dollars which looks like a bull run even to a skeptic. The next big hurdle will be 6000 and if that breaks it's going to be much bigger than a run to 20000 in the last bull market. However think we're going to wait for that for at least another year.

carlfebz2

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Quote from: Betwrong on April 03, 2019, 09:34:37 AM

Quote from: Jating on April 02, 2019, 10:19:28 PM

Quote from: maydna on April 02, 2019, 10:13:15 PM

Finally, the price cross $5000 again hehe Grin

Yes, so exciting times ahead for all crypto enthusiast. To be fair, there are also a lot of altcoins gaining more than bitcoin.~

Not all of them. Maximine Coin, whatever it is, has lost 40 % in the last 24 hours

You would surely be dragged out when you see that BTC is pumping.Cashing or converting all of your shitcoins to BTC and its no surprising that Maxine coin do drops for 40% on a short span of time.
We are already clinging back to $6k atm if these movement or pace wont change but we should not be confident at all yet slight correction do happen.This is indeed the best time for make short orders
yet the price is waving like hell.

1Referee

legendary

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The ascending triangle broke out and pumped nicely to where it will face a lot resistance. Got my short in at ~$4900 and now I am waiting for gravity to do its work. I am however not sure yet where I'll cash out considering the (real) volumes show some decent buying waves.

CME yesterday generated 12,000 contracts worth 50,000BTC and it looks like they'll easily go over that today. People saying that CME doesn't play a role have to open their eyes and start to acknowledge that this fake Bitcoin platform has a firm say in this market.

Betwrong

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Quote from: Jating on April 02, 2019, 10:19:28 PM

Quote from: maydna on April 02, 2019, 10:13:15 PM

Finally, the price cross $5000 again hehe Grin

Yes, so exciting times ahead for all crypto enthusiast. To be fair, there are also a lot of altcoins gaining more than bitcoin.~

Not all of them. Maximine Coin, whatever it is, has lost 40 % in the last 24 hours:

Regarding others, who indeed have gained wondrous percentages in a matter of day, I think they are artificially pumping their coins currently, knowing that many newbie treasure hunters will appear on the market in the nearest future and those people might decide buying the coin that "increases the most".

vit05

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Testing 5k again. So this would confirm that between 3200 and 3800 was one of the best acumulation zone ever. Sure, some people has made a lot buying and selling in this zone, but the people that has decided just acumulate and wait will be rewarded.

Kakmakr

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I am not so sure that this is the beginning of the next bullrun, because we saw a very aggressive daily increase in the price in the previous bullrun in 2017. The last 2 days was very impressive, but the market is just not reacting in the same way that it did, back in 2017.

I will monitor the price for at least 3 weeks, before I start talking about a new bullrun and a price recovery to the next ATH price. Bitcoin is definitely not predictable and short-term volatility has been the norm for many years. Wink

Jating

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Quote from: maydna on April 02, 2019, 10:13:15 PM

Finally, the price cross $5000 again hehe Grin

Yes, so exciting times ahead for all crypto enthusiast. To be fair, there are also a lot of altcoins gaining more than bitcoin.

Quote from: maydna on April 02, 2019, 10:13:15 PM

I am sure many of us have a great time to sell bitcoin at a price now. We are holding bitcoin a long time before, and now it's the time to take a profit for a while. Although the price now is at $5000, it still a good price for us to sell it right now since we are hungry to make a profit. Make sure you are ready if this was a start for the bull run and don't miss your chance to make a big profit.

Majority of HODL'ers didn't move when the price hits ATL @$3200 so definitely this rally will make them more mentality strong not to push the sell button just because the price hits $5k. So just continue to hodl as I believed that this could be a bullrun.

maydna

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Finally, the price cross $5000 again hehe Grin

I am sure many of us have a great time to sell bitcoin at a price now. We are holding bitcoin a long time before, and now it's the time to take a profit for a while. Although the price now is at $5000, it still a good price for us to sell it right now since we are hungry to make a profit. Make sure you are ready if this was a start for the bull run and don't miss your chance to make a big profit.

Kemarit

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Quote from: milewilda on April 02, 2019, 04:02:18 PM

Possible but not a sure thing.Who knows right?

Right, we don't have the crystal ball to see what the future holds.

Quote from: milewilda on April 02, 2019, 04:02:18 PM

We have seen these price increase on bitcoin on where it do swing and gain some significant percentage on daily basis which isnt surprising but the movement we have seen as of todays
do really give out some positive mood on the entire community.

Yes, we have seen some gains, from .5%-3%. But this one is different, 20% in a day? We have only seen this kind of burst doing a bull-run.

Quote from: milewilda on April 02, 2019, 04:02:18 PM

Bitcoins price is somehow stagnant over a year now and without having such big movement on price thats why
when we see the sudden pump, we are eagerly to presume that this might be the start of the reversal of the entire market.

More than a year actually, so it just crosses $5000 again, could this be the bull run that we all have been waiting for? We just need to sit back and see if the train is not yet running out of steam yet. Grin

sunsilk

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We all are moved whenever we find the market interesting and increasing rapidly. There's no one that can tell us that bull run is already here or about to come very soon. What we all know, is it will come but no one knows when.

Quote from: milewilda on April 02, 2019, 04:02:18 PM

when we see the sudden pump, we are eagerly to presume that this might be the start of the reversal of the entire market.

This became a norm now because we have been dealing with the bear market for a year now and counting. People aren't moving on and stuck with the 2017 craze and hype. Everyone wants to see it back on $20,000 - level which is likely in the future and might surpass it.

milewilda

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Possible but not a sure thing.Who knows right?
We have seen these price increase on bitcoin on where it do swing and gain some significant percentage on daily basis which isnt surprising but the movement we have seen as of todays
do really give out some positive mood on the entire community.Bitcoins price is somehow stagnant over a year now and without having such big movement on price thats why
when we see the sudden pump, we are eagerly to presume that this might be the start of the reversal of the entire market.

Vladdirescu87

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Bitcoin (BTC), the flagship cryptocurrency, has hit double-digit gains in the first 90 days of 2019, scoring its top quarterly performance since the fourth quarter (Q4) of 2017. Bitcoin is currently trading at $$4,766.06, with a market cap (MC) of $84.141 billion. The total MC is at $162.649 billion.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bull-run-knocking/

Topic: [2019-04-02]Bitcoin Trades Over $5,000, is the Next Bull Run Knocking? (Read 255 times)