A Little Surprised! - page 4. | Bitcointalksearch.org

sayaya17

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Quote from: btc78 on April 17, 2022, 07:41:48 AM

Quote from: STT on April 16, 2022, 03:11:09 PM

All good things come to those who wait, its nearly end of week which means weekly bars are a good place to look for this medium term type of price objective. 50 k is reasonable but situation has to develop, remember the Dollar index is high right now so we are definitely walking up hill and its pretty steep progress imo.

While I am a believer of Waiting is the best strategy but with our position now? i think there are still hardship to expect mate .
maybe this year we can see some good movement or at least taking back the 50k , but to look for ATH is not to happen as I believe now
Maybe I may be in despair but at least I am not a great expectation and then will cry after.

Of course waiting is the best decision for the current market conditions, because it is too risky if we make decisions in a hurry. Especially if
we invest in Bitcoin, the more patient we wait for it to get better, because after all Bitcoin is very profitable for long-term investment.
And it must be admitted that after Bitcoin experienced an extraordinary increase in 2021, it seems likely that it will not be repeated in 2022.
Because we need to experience the bearish trend first, after the bullish trend that occurred in 2021.

I agree the best possible Bitcoin hit in 2022 is to hit $50k, because it is too difficult to expect Bitcoin to return to the ATH price. But we must
not despair, let alone doubt the future of Bitcoin, no matter how low the price of Bitcoin falls, one day it will recover and possibly reach new ATH.
So it doesn't matter we have high hopes for Bitcoin, at least it makes us more motivated to hold Bitcoin or collect more Bitcoin. Because as long as
we can be patient, Bitcoin is the best asset that can surprise us with big profits.

STT

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Relying on any news is like looking in a muddy puddle for a reflection, not impossible but often unclear and distorted. We make fun of the communist countries for being fed party political views by their governments but the world wide over we have bias in all that is reported, the nature of all human communication is subject to degradation and loss the further we are from the source.
I far prefer graphs, volume and historic record of trades actually done. Then we have to contend with guessing what happens next but I find more facts in deals done and certainty where people must have paid a price to transact then news which is maybe.

Silberman

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Quote from: btc78 on April 14, 2022, 04:15:24 PM

Quote from: Fundamentals Of on April 08, 2022, 09:34:13 PM

I was honestly expecting Bitcoin to hit $50,000 soon. That didn't happen. It shouldn't have been surprising but because of big news like Terra's gradual purchase of at least 10 billion dollars of Bitcoin for its UST stablecoin, MicroStrategy's additional purchase of thousands of Bitcoin, etc, I was expecting that Bitcoin's price would somehow react positively.

And now that the Miami Bitcoin conference is currently happening with huge Bitcoin adoption surprises such as Shopify's adoption of Bitcoin lightning payments, the price is falling even more. Things are generally positive lately. There is also the news of the partnership of Jack Dorsey's Block, Adam Back's Blockstream, and Elon's Tesla for a 100% solar-powered Bitcoin mining project. And then there's Robinhood's integration of the Lightning Network.

These and many more good news, and yet the price is falling to $42,000?

This is also something that very weird in cryptospace . When there are so much thing happening that we think can bring good boost to the market or at least in a currency that we are holding? But suddenly ot does not and instead made its way on the opposite side.

But of course this is also thrilling on that part because we are subjective to be more knowledgeable and observant

This should show us once again why trading the news or using fundamentals exclusively is a risky choice in this market, we have seen a lot of positive news lately and yet the price is barely above the 40k level and it could go below it at any moment, so while positive news are always welcome someone that is trading the markets should always be watching the charts and the movements of the price to be able to tell if the news are having a positive effect on the market or if other traders are ignoring what is happening and think of it as secondary compared to the dynamics of the market itself.

btc78

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Eloncoin.org - Mars, here we come!

Quote from: STT on April 16, 2022, 03:11:09 PM

All good things come to those who wait, its nearly end of week which means weekly bars are a good place to look for this medium term type of price objective. 50 k is reasonable but situation has to develop, remember the Dollar index is high right now so we are definitely walking up hill and its pretty steep progress imo.

While I am a believer of Waiting is the best strategy but with our position now? i think there are still hardship to expect mate .
maybe this year we can see some good movement or at least taking back the 50k , but to look for ATH is not to happen as I believe now
Maybe I may be in despair but at least I am not a great expectation and then will cry after.

STT

legendary

Activity: 4088

Merit: 1452

All good things come to those who wait, its nearly end of week which means weekly bars are a good place to look for this medium term type of price objective. 50 k is reasonable but situation has to develop, remember the Dollar index is high right now so we are definitely walking up hill and its pretty steep progress imo.

ajochems

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Activity: 1305

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When new people buy the bitcoin with huge investments.They became a whale to monitor the bitcoin price for certain period.If they brought for 10 billion dollars of bitcoin.If they decided to reduce the price of bitcoin,they can sell 5 billion worth of bitcoin with all the buy others.Then,they will be huge fluctuations in the price.So the price of bitcoin was reduced.When they like to buy,then easily they buy with less than sold price.

RealMalatesta

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Quote from: Ziskinberg on April 16, 2022, 09:57:20 AM

Quote from: Fundamentals Of on April 08, 2022, 09:34:13 PM

These and many more good news, and yet the price is falling to $42,000?

That becomes a puzzled on us and wondered how this did not even push the market to increase as we mostly design to think positive and pump once hearing good news. But too unfortunate that the price never went high, instead we see dropping off of their value. That is really surprising but I realized the situation that the market had already changed, we can no longer compare it to the past years where manipulation is strong and had a strong influence on the whales.

It is not really that puzzling that the price went low, I mean look at the stock market, that went low as well. Main reason for this is that people are using their money for something, they do not invest, not to stocks, not to gold, not to crypto, they are using it some other way. There are periods in financial world where people put their money to good use, and there are periods when they just hoard it.

We are in a period where they hoard it, like rates are good enough, and they could simply put it on interest and make good enough, not a lot, but good enough. Maybe it is just about how the situation is more inclined to use their money that way these days.

Wexnident

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Quote from: sana54210 on April 15, 2022, 04:21:00 PM

What are those factors that keeps it under 50k? I know a few that could get it high, like if sanctions continues then maybe Russia could start using bitcoin in a governmental level that could increase the price?

I am not saying this will happen, but nobody in the world could guarantee it not happening neither. Or I could say that there could be a whale pump, based on long futures investors with high leverage, in order to make even more? Or I could say Elon could tweet. None of these needs to happen, there could be a sudden increase out of nowhere as well, doesn't even need a reason. It could also not go up as well, I agree, but I doubt there is a guarantee of being under or over 50k, it's unknown.

Idk, natural market movement? I mean, even if we all received "positive" news of stuff related to Bitcoin, I hardly doubt it'd always go up. Especially since the past period has been from a recovery from the almost dip to $30k or so levels, so I reckon this kind of adjustment is quite understandable right now. Maybe wait till the end of the month, we may see some more positive growth if investors don't get FUD due to the market balancing itself right now. It honestly doesn't look that bad even tbf, I'd just wait for it to go up in the next few weeks or months maybe and take my time.

Ziskinberg

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Quote from: Fundamentals Of on April 08, 2022, 09:34:13 PM

These and many more good news, and yet the price is falling to $42,000?

That becomes a puzzled on us and wondered how this did not even push the market to increase as we mostly design to think positive and pump once hearing good news. But too unfortunate that the price never went high, instead we see dropping off of their value. That is really surprising but I realized the situation that the market had already changed, we can no longer compare it to the past years where manipulation is strong and had a strong influence on the whales.

Yamifoud

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Quote from: yhiaali3 on April 14, 2022, 02:18:30 PM

This is what we were talking about right now, with a lot of positive news we see a drop in the price of Bitcoin instead of an increase and this is a surprising reason for everyone, it seems that the whales are playing in the market greatly, they are taking advantage of the positive news to push people to buy more amounts of Bitcoin and at the same time they are selling The huge quantities that they have, this causes the price to fall more and more. This is a dangerous game for whales to play and they are sure to raise the price soon.

I don't think that whales are controlling the possible uptrend of the market but I see the demand wasn't huge enough to move the market high. We are in bear season, that is what I thought.

So much happened last year and the impact still even reach early this year. Now, it was the time to face the bear side of the market as despite the said info of huge buying by Microstrategy this even not it helps for the price surge, we eventually still moving slow and unstable.
$40k- $48k- well, for me, the price isn't looked bad, that was still high compared to the past years.

sana54210

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Quote from: boltz on April 15, 2022, 06:43:35 AM

There are to many important factors that will keep bitcoin under 50k mark and personally I don't expect this cycle to be broken anytime soon.

In my opinion , is kinda risky to invest into cryptos right now as we never now what can happen tomorrow with graph being so hard to read. It was full of posts and articles on internet about Bitcoin going over 50k by april , bitcoin going over 60k in april but none of them happened.

Please remember that only a few crypto owners saw this bull run coming last year and most of us didn't anticipated anything like this so yea...we are all surprised.

What are those factors that keeps it under 50k? I know a few that could get it high, like if sanctions continues then maybe Russia could start using bitcoin in a governmental level that could increase the price?

I am not saying this will happen, but nobody in the world could guarantee it not happening neither. Or I could say that there could be a whale pump, based on long futures investors with high leverage, in order to make even more? Or I could say Elon could tweet. None of these needs to happen, there could be a sudden increase out of nowhere as well, doesn't even need a reason. It could also not go up as well, I agree, but I doubt there is a guarantee of being under or over 50k, it's unknown.

boltz

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There are to many important factors that will keep bitcoin under 50k mark and personally I don't expect this cycle to be broken anytime soon.

In my opinion , is kinda risky to invest into cryptos right now as we never now what can happen tomorrow with graph being so hard to read. It was full of posts and articles on internet about Bitcoin going over 50k by april , bitcoin going over 60k in april but none of them happened.

Please remember that only a few crypto owners saw this bull run coming last year and most of us didn't anticipated anything like this so yea...we are all surprised.

Pamadar

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Quote from: Kelvinid on April 14, 2022, 05:19:52 PM

Quote from: Fundamentals Of on April 08, 2022, 09:34:13 PM

I was honestly expecting Bitcoin to hit $50,000 soon. That didn't happen. It shouldn't have been surprising but because of big news like Terra's gradual purchase of at least 10 billion dollars of Bitcoin for its UST stablecoin, MicroStrategy's additional purchase of thousands of Bitcoin, etc, I was expecting that Bitcoin's price would somehow react positively.

The said huge purchases will somehow give an impact on the price but that doesn't mean the prices went up to $50k instantly, we can't expect that. The market needs consistency in the market demand and must gain a strong support level to possibly make it, unfortunately, that was not what we are seeing now. Even the Microstrategy and Terra are investing Bitcoin in huge amounts, I wasn't expecting too much change in the price trend, We'd still be experiencing a sideways movement.

Yes, if there's no support other than that purchase, the value will still fall,

Unless there are more investors to follow what Terra and Microstrategy plus the adoption that will take place from
more businesses, it will create a big impact.

If that will happen, we may expect a huge bull run and anticipate more money to flow around. Otherwise, we will
just continue to see the same market movement, a little up and down while working with good barrier.

Kelvinid

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Quote from: Fundamentals Of on April 08, 2022, 09:34:13 PM

I was honestly expecting Bitcoin to hit $50,000 soon. That didn't happen. It shouldn't have been surprising but because of big news like Terra's gradual purchase of at least 10 billion dollars of Bitcoin for its UST stablecoin, MicroStrategy's additional purchase of thousands of Bitcoin, etc, I was expecting that Bitcoin's price would somehow react positively.

The said huge purchases will somehow give an impact on the price but that doesn't mean the prices went up to $50k instantly, we can't expect that. The market needs consistency in the market demand and must gain a strong support level to possibly make it, unfortunately, that was not what we are seeing now. Even the Microstrategy and Terra are investing Bitcoin in huge amounts, I wasn't expecting too much change in the price trend, We'd still be experiencing a sideways movement.

perfect999

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Quote from: Dhaniii on April 14, 2022, 11:36:57 AM

bitcoin price is currently bearish and is at $40k with resistance between $38k and $48k. I think bitcoin is playing between the same markets in the last few weeks. do we expect bitcoin to penetrate new ATH within this year, I think with the current market war conditions it is a bit difficult to penetrate new ATH, but take advantage of short term investment opportunities to look for fantastic profits.

I wouldn't say bearish, people throw in the word bearish too quickly, literally in the last 30 days we were under this price, just because we had a small increase during this period and went back to where we were doesn't mean that we are in a bearish movement. It just happened to be going from 38k to 48k to 40k, that is something that happens in crypto and nothing extraordinary.

I know that it is not a big deal and I know that we should be seeing this as a regular thing but at the end of the day it is not bearish, it is just normal. I get that you may be upset that the price went low, I am not happy about it neither, but do not feel pessimistic about it neither.

btc78

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Eloncoin.org - Mars, here we come!

Quote from: Fundamentals Of on April 08, 2022, 09:34:13 PM

I was honestly expecting Bitcoin to hit $50,000 soon. That didn't happen. It shouldn't have been surprising but because of big news like Terra's gradual purchase of at least 10 billion dollars of Bitcoin for its UST stablecoin, MicroStrategy's additional purchase of thousands of Bitcoin, etc, I was expecting that Bitcoin's price would somehow react positively.

And now that the Miami Bitcoin conference is currently happening with huge Bitcoin adoption surprises such as Shopify's adoption of Bitcoin lightning payments, the price is falling even more. Things are generally positive lately. There is also the news of the partnership of Jack Dorsey's Block, Adam Back's Blockstream, and Elon's Tesla for a 100% solar-powered Bitcoin mining project. And then there's Robinhood's integration of the Lightning Network.

These and many more good news, and yet the price is falling to $42,000?

This is also something that very weird in cryptospace . When there are so much thing happening that we think can bring good boost to the market or at least in a currency that we are holding? But suddenly ot does not and instead made its way on the opposite side.

But of course this is also thrilling on that part because we are subjective to be more knowledgeable and observant

suzanne5223

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I think the OP misunderstands something about the Bitcoin market price momentum that there are a lot of things that influence or impact the price of Bitcoin in the market and MicroStrategy/Terra's additional accumulation is not enough to impact the market is mining difficulty presented negative sign.
Yes, it is good that a lot of organizations are not bullish on Bitcoin but we also need to focus on creating a platform that will make Bitcoin payments to be used in our day-to-day life.

yhiaali3

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This is what we were talking about right now, with a lot of positive news we see a drop in the price of Bitcoin instead of an increase and this is a surprising reason for everyone, it seems that the whales are playing in the market greatly, they are taking advantage of the positive news to push people to buy more amounts of Bitcoin and at the same time they are selling The huge quantities that they have, this causes the price to fall more and more. This is a dangerous game for whales to play and they are sure to raise the price soon.

Silberman

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Quote from: perfect999 on April 14, 2022, 03:41:56 AM

Quote from: magneto on April 13, 2022, 05:40:29 AM

Look, the market is not just dependent on bitcoin news for its movements.

The macro outlook is grim with high inflation and rising interest rates expected on the horizon - which is why people are pulling out of risk-on assets. Bitcoin just got caught in this headwind.

I honestly am not sure why people are overreacting so much to it since Bitcoin is literally the best inflation hedge you can ask for, though. Oh well, buying opportunity presents itself.

People are overreacting because they are overleveraged in crypto that is why. They got into crypto with money they shouldn't, and they do not have patience to wait it out neither and that is why it doesn't end up being regular reactions and that is why you see plenty of people who react crazily over smallest of movements.

Bitcoin goes up 10% and suddenly everyone thinks that it will be 70k, and it goes down 10% and everyone thinks it may go down under 30k, those huge reactions are because they are stressed about it, they are either scared or excited whenever it moves and that is mainly because they have money that they shouldn't have put into crypto.

Without a doubt the amount of traders that use leverage also contributes heavily towards the volatility of bitcoin as the level of leverage they are using is very high, that means that while for holders and traders not using leverage a downward movement of 5% is nothing to worry about for someone that is using leverage of 10x that means losing half of their capital in just a few hours, this creates a snowball effect which causes many leveraged traders to get margin calls and have their positions closed automatically which makes the price to go down and makes even more people to get margin calls creating a vicious circle in the process.

Dhaniii

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Quote from: Marvelman on April 10, 2022, 01:54:00 PM

To see an increase in the price, a positive scenario for bitcoin would be the regulation of the bitcoin ETF's in the U.S. or the indication from the SEC that there is going to be a bitcoin ETF in the near future, and both of these are not the case at the moment, so what we will see for bitcoin is a lot of sideways movements as expected. There is likely to be some movement on Monday when global markets open.

The fact that the price of bitcoin is still under the $50,000 level from a couple of months ago is showing that there are still a lot of issues that are holding the price back. Until the price of bitcoin gets out of the $50,000 range , it is likely that we will see a lot of sideways movement for bitcoin with a lot of corrections and it will be hard to see any increase to the price.

bitcoin price is currently bearish and is at $40k with resistance between $38k and $48k. I think bitcoin is playing between the same markets in the last few weeks. do we expect bitcoin to penetrate new ATH within this year, I think with the current market war conditions it is a bit difficult to penetrate new ATH, but take advantage of short term investment opportunities to look for fantastic profits.

Topic: A Little Surprised! - page 4. (Read 935 times)