Don't look now but it's happening this very moment. At this rate you won't be able to buy a bitcoin without taking out a second mortgage on your house before the week is through. I'm thankful that I got back in right after I made this post when the price was around 4400. I admit I'm not a holder, I'm a mover, but I'm thankful for those of you that are the former. And I've been fortunate enough to guess right most of the time up until now. They were "educated" guesses to my credit not blind stabs in the dark. We need to inform one another, honestly & objectively, when we hear/see/sense something. And not just spread FUD or false optimism to try to suit our own agendas. The first post I ever made in here was a warning that I saw a decline coming, and recommended a way for people to make a few bucks in the meantime if they chose to get their money out. I was accused of trying to peddle coins from my non-existent coin company. Within 3 days the value fell about $700.
My only agenda is trying to help the 99 percenters become 1 percenters.
Topic: A bull market looms on the horizon (Read 740 times)
I'm not saying it'll happen today. I'm not saying it'll happen tomorrow. This period of relative stability may last quite a bit longer... But the next major swing will be an upward one. All the signs I see point to this being a virtual inevitability. And I've been right before about a few things at least. I just call it how I see it, nothing more, nothing less. I've always tried to keep it real with people in here whether it was something they wanted to hear or not.
If you have a few bucks to invest it isn't a bad time to do so.
At this stage, the optimism is obviously high and as long as we do not experience any bad news, most especially with the recent stability, it is a chance of taking off a little bit soon.If you have a few bucks to invest it isn't a bad time to do so.
However, I still do not understand the stance of this upcoming fork and the effect it may have on the market, most especially how it will play out with the miners. Whichever way though, there is a good time awaiting.
Second one that is Segwit2x fork can have a severe effect on the market if enough consensus wouldn't be there. Still the support is less and can lead to uncertainty and hence drop. I think Bitcoin price will see some major drop in November.
With various malicious miners looking to bank on another chain split event, the chances are quite on the higher side that it will actually happen - especially when you consider that there has been an agreement regarding Segwit2x (likely with that intention in mind). I find it quite frustrating that they are toying around with Bitcoin for their own financial benefit. The only thing that we can do in case the market happens to tank, is to use that as an opportunity to increase our holdings at discount levels, or to trade the volatility in case you're a trader. Another scenario might be that we'll see the price increase due to people buying themselves some extra coins in the runup to the chain split event. But then again, everything that's being said today is pure speculation, that might or might not hold any value eventually - that we'll find out in November.
So that begs the question... assuming we get to 6k in the bull run, do you think it will hold or will it take months to stabilize afterwards?
Well the bull run will definitely gives us ATH.
And after hitting the ATH it will surely have dips until $5000 and still not bad as we're all surely profited.
So this time is the perfect to buy at least some satoshis so we can all ride the train.
I can sure say that $5000 mark value is the most near price we can get from this stability, I really want the price to rise but I never saying this because I want that to happen but because it is the sure thing I see the value to go and in the impending Hard Fork I think that a lot will just hodl on to their bitcoin but we can never say that there is no one that will sell because of fear, because it can sure still happen.
So that begs the question... assuming we get to 6k in the bull run, do you think it will hold or will it take months to stabilize afterwards?
Well the bull run will definitely gives us ATH.
And after hitting the ATH it will surely have dips until $5000 and still not bad as we're all surely profited.
So this time is the perfect to buy at least some satoshis so we can all ride the train.
So that begs the question... assuming we get to 6k in the bull run, do you think it will hold or will it take months to stabilize afterwards?
No one can say what's going to happen. We may ditch the 6k and go down again immediately. Or we break through it and go straight for 7k.
But in general as some new high got created it got tested again sooner or later. The last dip down to 3k proves that.
So that begs the question... assuming we get to 6k in the bull run, do you think it will hold or will it take months to stabilize afterwards?
since 6k and all prices around it are not the end target of bitcoin price that means it won't stabilize afterwards. not for more years. it will continue to be wild for a longer time. 6k to 7k then ... until 10k and so on. it will continue like this and from time to time you will see a big dip for about 1 week to 1 month of downtime before the rise starts up again and continues on the same path upwards.
I'm not saying it'll happen today. I'm not saying it'll happen tomorrow. This period of relative stability may last quite a bit longer... But the next major swing will be an upward one. All the signs I see point to this being a virtual inevitability. And I've been right before about a few things at least. I just call it how I see it, nothing more, nothing less. I've always tried to keep it real with people in here whether it was something they wanted to hear or not.
If you have a few bucks to invest it isn't a bad time to do so.
If you have a few bucks to invest it isn't a bad time to do so.
Price stable in my opinion usually means that a bull wave is incoming, so i agree with you. The bull market is probably going to come by latest end of this month, pulling the price up to around and close to $5000.
Whether we can break that resistance level is going to be crucial to how the price goes in the future.
If it breaks $5k, then price could well settle at a level of $5200-5500 for a while.
What do you mean "looms on the horizon"? We have been in a bull market since the beginning of 2016 and it never stopped, so it's more correct to say that the current bull market will continue. And it is indeed very likely, since more and more people and companies are getting interested in Bitcoin and new countries like Japan and Korea joined the market and now play a major role in it. The real question is whether will we have a painful bear market again at some point, similar to what we had in 2014-2015. Bull runs don't last forever, so the price will either remain stable or will start declining over long period of time and it's hard to predict what is exactly going to happen.
And the bullish trend was evident when Japan entered the picture then followed by South Korea. Well, there are bumps along the way but we have overcome and didn't succumbed. Every period of relative stability will always followed by a renewed enthusiasm on the market will resulted in a upcoming bull run. There is also the looming November fork but I believed its loosing grip so it will be a non-factor. If this bull run was released, we definitely don't know where its headed and stop. So investing right now would be a logical choice.
What do you mean "looms on the horizon"? We have been in a bull market since the beginning of 2016 and it never stopped, so it's more correct to say that the current bull market will continue. And it is indeed very likely, since more and more people and companies are getting interested in Bitcoin and new countries like Japan and Korea joined the market and now play a major role in it. The real question is whether will we have a painful bear market again at some point, similar to what we had in 2014-2015. Bull runs don't last forever, so the price will either remain stable or will start declining over long period of time and it's hard to predict what is exactly going to happen.
I'm not saying it'll happen today. I'm not saying it'll happen tomorrow. This period of relative stability may last quite a bit longer... But the next major swing will be an upward one. All the signs I see point to this being a virtual inevitability. And I've been right before about a few things at least. I just call it how I see it, nothing more, nothing less. I've always tried to keep it real with people in here whether it was something they wanted to hear or not.
If you have a few bucks to invest it isn't a bad time to do so.
If you have a few bucks to invest it isn't a bad time to do so.
Definitely. Price hasn't really moved up much even though there seems to be a renewed bull market in bitcoin. The movement is still sideways mainly, and has not even broken the $4500 yet(which i think it will very soon).
Therefore, it is probably a great time to invest at the moment.
The price could well be pushed upwards to $5500 per coin, once Segwit2x is out of the way.
We have almost break the $4500 mark, unfortunately its too much for the traders and a price correction soon follow. And the price seems to on a alternating highs and lows. There's no great time to invest, as long as you "trusted" that the market will go to $5000 and upwards then put your money in it. I'm still optimistic that Segwit2x will be push out of the way, no support no traction from everyone. I really do hope that OP is right and we may see consolidation before taking off for a full massive run.
I'm not saying it'll happen today. I'm not saying it'll happen tomorrow. This period of relative stability may last quite a bit longer... But the next major swing will be an upward one. All the signs I see point to this being a virtual inevitability. And I've been right before about a few things at least. I just call it how I see it, nothing more, nothing less. I've always tried to keep it real with people in here whether it was something they wanted to hear or not.
If you have a few bucks to invest it isn't a bad time to do so.
If you have a few bucks to invest it isn't a bad time to do so.
Definitely. Price hasn't really moved up much even though there seems to be a renewed bull market in bitcoin. The movement is still sideways mainly, and has not even broken the $4500 yet(which i think it will very soon).
Therefore, it is probably a great time to invest at the moment.
The price could well be pushed upwards to $5500 per coin, once Segwit2x is out of the way.
Market will indeed stay bullish till October 20. After that there are two forks lined up.
First one that is Bitcoin Gold fork might not have much impact on the market as people are already aware that market will be bullish after the fork as happened earlier after Bitcoin Cash fork. Thus, market won't experience a dip of 40% like before in July. But the pace will slow down between 20-25 October.
Second one that is Segwit2x fork can have a severe effect on the market if enough consensus wouldn't be there. Still the support is less and can lead to uncertainty and hence drop. I think Bitcoin price will see some major drop in November.
First one that is Bitcoin Gold fork might not have much impact on the market as people are already aware that market will be bullish after the fork as happened earlier after Bitcoin Cash fork. Thus, market won't experience a dip of 40% like before in July. But the pace will slow down between 20-25 October.
Second one that is Segwit2x fork can have a severe effect on the market if enough consensus wouldn't be there. Still the support is less and can lead to uncertainty and hence drop. I think Bitcoin price will see some major drop in November.
I think there is still going to be another bull, bitcoin had just lost its value of 5000 usd and went down, though the trend is still upwards, a slight drop is noticeable, and now, a lot of of good news are coming, especially from japan, since it had endorsed 11 exchanges and yheir banks already accepted bitcoin, and are already using bitcoin, with their fiat, the japanese yen as the value, and soon banks from other countries might follow. The financial institution goldman sachs is already eyeing on to be an exchange, and dubai is also creating their own cryptocurrency, and this just proves that bitcoin is legitimate and will sure rise up again. I think that china in time will realize what they had done, and probably legalize bitcoin again, and if that happens, bitcoin will have another boost.
So that begs the question... assuming we get to 6k in the bull run, do you think it will hold or will it take months to stabilize afterwards?
I think we are in a bull market for over a year. The small correction don't mean a thing. Just look at the charts from the last 2 years and you'll clearly see when the price started to go up. First it was only recovering, but then it broke $1000 and went to the moon, where it remains. There are no indications that the bullish trend has ended, it only became much slower due to chinese trading being paralyzed.
People mostly start with calculating from the moment they opened their positions. If that means they entered the market at the $4000 level, and the market goes down to $3000, it's being seen as the end of a bullish period. They completely ignore the fact that the market even at $3000 is up like 200% this year alone, and then I'm not even talking about last year. People for once need to look further than only a small time frame -- this market can look like a complete war zone in the last few weeks, but then looks insanely pumped if you look at the last year or two.
I have also been trading and analysed cyptocoins market both here and on twitter and I think op is very right. The range market is more of the downward recovery and the next movement is going to be an up trend one and I am speculating that before end of this month we may seriously experience this bullish market. However the hard fork issue may push the price to a high or lower positions.
I think we are in a bull market for over a year. The small correction don't mean a thing. Just look at the charts from the last 2 years and you'll clearly see when the price started to go up. First it was only recovering, but then it broke $1000 and went to the moon, where it remains. There are no indications that the bullish trend has ended, it only became much slower due to chinese trading being paralyzed.
I'm not saying it'll happen today. I'm not saying it'll happen tomorrow. This period of relative stability may last quite a bit longer... But the next major swing will be an upward one. All the signs I see point to this being a virtual inevitability. And I've been right before about a few things at least. I just call it how I see it, nothing more, nothing less. I've always tried to keep it real with people in here whether it was something they wanted to hear or not.
If you have a few bucks to invest it isn't a bad time to do so.
If you have a few bucks to invest it isn't a bad time to do so.
I agree that Bitcoins price seems to be straining to break free. We have hit resistance levels quite a few times before retreating. The next move will be a decisive one. And I believe in the upwards direction.
I happen to agree with you, OP, but I'm nowhere near certain that it's inevitable. I just think we had a correction in an otherwise raging bull market and that we're going to continue going up.
Unfortunately for me, I have to sell some bitcoin relatively soon to pay some bills, and equally unfortunate is the fact that I sold or spent pretty much all the bitcoin I've earned or bought these past couple of years. When I get caught up, I think I'll start hoarding crypto. Hopefully we won't have arrived at the moon by then.
By the way, it's not looming. We're in the midst of a bull market right now.
Unfortunately for me, I have to sell some bitcoin relatively soon to pay some bills, and equally unfortunate is the fact that I sold or spent pretty much all the bitcoin I've earned or bought these past couple of years. When I get caught up, I think I'll start hoarding crypto. Hopefully we won't have arrived at the moon by then.
By the way, it's not looming. We're in the midst of a bull market right now.
Jump to: