A new ballgame, many new coming in and buying including institutional investors

Quidat

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Quote from: nikolastech on April 22, 2021, 08:25:13 AM

Definitely think it's a definitely think it's a new ballgame, we have to remember so many new coming in and buying including institutional investors.

Don't think much chance of it going any lower

For Hodlers, then it wouldnt matter much on whos and when these fella's would tend to get in into the market because they would hold no matter what happens to the market.
on the new ball game that you had stated then its been long time had started and wwe know on whats the primary motive on why they do get in into this market.
Institutional investors did really step in into this place where having the primary motive which is to make money which is casual.
If you had been on this market then better set yourself into those cheaper price and try to ride with the waves.

batang_bitcoin

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Quote from: traderethereum on April 23, 2021, 06:42:44 AM

Quote from: batang_bitcoin on April 23, 2021, 01:19:19 AM

The new comers will mostly think that it is going to go down for morw but they haven't experienced most of the fluctuations before.
This is another sequence that we have to see for it to go higher. While the institutions and other huge investors are getting all of those bitcoins, probably many newbies have already panicked sold.

If they can read about bitcoin history, they will know that the correction will always come in anytime and that can be a discount time for them to buy bitcoin.
But unfortunately, not many of them use this time to buy bitcoin instead of selling their bitcoin because they worry if the price will going down for more.
It will not be a problem for the institutions and the other big companies because they can easily buy bitcoin in a large amount and if they see this situation, they will use it to buy a big amount of bitcoin secretly.
Hopefully, people can stay calm at this moment and still hold on tight to their bitcoin.

It is because their main idea, the new investors, about bitcoin is just it's always an increasing asset that they only have to wait until the price gets the sum of the highest that it can.
Experienced investors will just let this pass and would buy to take it before it soars again. This is very different from before where there were no news about big institutions believing in bitcoin.

Fortify

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Quote from: dothebeats on April 23, 2021, 03:02:54 PM

There'll be a lot of newcomers that will be oblivious to the fact that bitcoin is still highly volatile albeit receiving much appreciation in value in just a short span of time, and the random flash crashes would surely catch them off guard. This will then filter those who really wish to stay in the game and those who lost a lot and will call it quits. This cycle of weak hands giving away money to other players in the game will not end as long as bitcoin's value gains over time. And due to that, bitcoin's value will just climb and climb, though at the expense of those who lost in the battle of patience and hodling.

Yeah, Bitcoin could easily make a correction back to 30,000 or even 20,000 and still be on a positive trend when looking at the space of the last year. There is a lot of institutional investors involved now, but we've seen how easily flash crashes can happen on the slightest hint of bad news. If the US government were to seriously start taking action that involved banks receiving legal actions and fines for money laundering, then it could easily drop 50% from the current price. There is also a possibility that if the new capital gains tax increase from 20% to 38% were to become law, then a lot of money could flow out of the market short term so they could avoid paying the higher rate - although they could just sell and rebuy to lock in that gain.

dothebeats

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There'll be a lot of newcomers that will be oblivious to the fact that bitcoin is still highly volatile albeit receiving much appreciation in value in just a short span of time, and the random flash crashes would surely catch them off guard. This will then filter those who really wish to stay in the game and those who lost a lot and will call it quits. This cycle of weak hands giving away money to other players in the game will not end as long as bitcoin's value gains over time. And due to that, bitcoin's value will just climb and climb, though at the expense of those who lost in the battle of patience and hodling.

el kaka22

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The problem is that new people coming in pumped the price of many weird coins, dogecoin, hot, chilliz, btt and many things like that. Those coins have absolutely nothing going for them, there was no reason for it to go up neither, they are all useless and for some reason it was still pumped; which is why I think it is obvious that we should not be doing anything like that if we can but newbies did it anyway so now they are going to cry a lot when their money goes down.

Dogecoin went as much as 40 cents, I kept telling people not to invest in it because it is a useless meme coin that will go down hard, now it crashed and many people who told me "see how it goes up" are now crying instead. New people coming in is good only if they make smart decisions, but new people coming in and making idiotic movements is not good for the market in general since they lose money.

The Cryptovator

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In the last week till today, we have seen a Bitcoin downtrend. Just for info, still I am in bull thoughts. What am I observing that Bitcoin dumping and after a few minutes small pumps? I am assuming a few institutional investors or new investors taking advantage of this dip. But they aren't accumulating much at the same time. That's the reason I think a little pump after a dump. Those aren't accumulated yet whoever intends to invest in Bitcoin, I think it's a dip for them. I know everyone has different thoughts, but we don't know really if we see more dip or pump again from that zone.

zanezane

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The title in my opinion is about 6 months late, institutional investors has been pouring money in the market for about a year now and I believe that it is the reason why bitcoin didn't dumped the same time as back when it did in 2017-2018, and you are right that this is a new ballgame for bitcoin because there are more bigger fishes on play.

Review Master

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Quote from: BIT-BENDER on April 22, 2021, 04:18:02 PM

Is this speculation, guessing or calculated, regardless of which it is, bitcoin as of currently has dipped below $51k, not yet gone below the other figures you pointed but, it may soon or may not, that volatility for you -unpredictable- and the only support zone is the one just right under its current price at any time and can be broken/ effect correction, in between there has been delay in Transaction does this has to do with panic sellers?

Others can say, it's calculated according to market history and now btc is dumped below $50k level as it can't maintain the support level of $52k. But, bullish divergence is still on RSI indicator which might be happened if we get huge volumes on bitcoin. Just need to be careful of this critical situation. TBH, we can say that panic users are on action as they're expecting bear market because of this huge correction. Grin

traderethereum

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Quote from: batang_bitcoin on April 23, 2021, 01:19:19 AM

The new comers will mostly think that it is going to go down for morw but they haven't experienced most of the fluctuations before.
This is another sequence that we have to see for it to go higher. While the institutions and other huge investors are getting all of those bitcoins, probably many newbies have already panicked sold.

If they can read about bitcoin history, they will know that the correction will always come in anytime and that can be a discount time for them to buy bitcoin.
But unfortunately, not many of them use this time to buy bitcoin instead of selling their bitcoin because they worry if the price will going down for more.
It will not be a problem for the institutions and the other big companies because they can easily buy bitcoin in a large amount and if they see this situation, they will use it to buy a big amount of bitcoin secretly.
Hopefully, people can stay calm at this moment and still hold on tight to their bitcoin.

batang_bitcoin

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The new comers will mostly think that it is going to go down for morw but they haven't experienced most of the fluctuations before.
This is another sequence that we have to see for it to go higher. While the institutions and other huge investors are getting all of those bitcoins, probably many newbies have already panicked sold.

pooya87

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Quote from: Ararbermas on April 23, 2021, 12:40:01 AM

Quote from: pooya87 on April 23, 2021, 12:25:47 AM

For now the name of the game is panic sell and market manipulation. With the $50k super strong resistance broken, it proves that there is a ton of money being wasted to push the price down. That negates all the fresh money that keeps coming in and is buying bitcoin every day for the time being. It also slows down the inflow of cash due to the drop until it stops and reverses and then the big spikes start.

no other reason since its still decreasing gradually,, i believe this is happening because of the corrections that occurred in the market.. Wherein despite most of BTC holders freak out also on the results, just imagine within weeks its getting weaker after the ATH.. Indeed who gonna stay if you already know it will go further duet to the cumstances.. Especially if you obtained x3 or more during the uptrend..

It started as a correction but continued as a manipulation due to a series of events involving hashrate:
* Small hashrate drop
* Associated with Chinese electricity outage
* The ancient FUD of China controls bitcoin came out (among other things)
* Panic sells ensued
* Price dropped, hence number of on-chain transactions grew
* Fees went up (to a normal amount but continued as:)
* Lower number of blocks being mined + high on-chain traffic cause higher fees
* More panic sells ensued
* Fees went even higher
* Finally price crashed

It's all preparation for the next 2x/3x rise that is going to take price to $120k to $150k in May.

adaseb

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Well yesterday and today on coinbase there was tons of 200-300BTC market sells. You can see this as wicks on the 1M charts. And all of these were absorbed. On other exchanges it never went this low except for Coinbase, it was very odd why someone would sell their BTC this way.

Then there was almost maybe $1B or so in BTC depossited into exchanges today, huge amount. This is similar to what happened in the past in the $43K area, we got massive inflows, market went a little lower before it rebounded and hit a new ATH a few weeks later. We might see the same situation here.

Ararbermas

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Quote from: pooya87 on April 23, 2021, 12:25:47 AM

For now the name of the game is panic sell and market manipulation. With the $50k super strong resistance broken, it proves that there is a ton of money being wasted to push the price down. That negates all the fresh money that keeps coming in and is buying bitcoin every day for the time being. It also slows down the inflow of cash due to the drop until it stops and reverses and then the big spikes start.

no other reason since its still decreasing gradually,, i believe this is happening because of the corrections that occurred in the market.. Wherein despite most of BTC holders freak out also on the results, just imagine within weeks its getting weaker after the ATH.. Indeed who gonna stay if you already know it will go further duet to the cumstances.. Especially if you obtained x3 or more during the uptrend..

pooya87

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For now the name of the game is panic sell and market manipulation. With the $50k super strong resistance broken, it proves that there is a ton of money being wasted to push the price down. That negates all the fresh money that keeps coming in and is buying bitcoin every day for the time being. It also slows down the inflow of cash due to the drop until it stops and reverses and then the big spikes start.

Willitivity

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Quote from: nikolastech on April 22, 2021, 08:25:13 AM

Definitely think it's a definitely think it's a new ballgame, we have to remember so many new coming in and buying including institutional investors.

Don't think much chance of it going any lower

All I can say is that Bitcoin price is definitely going to be worth a lot more in the near future. I'm talking about 100-300% increase from the current price. The new money coming into Bitcoin and flowing into other altcoins is enough to push bitcoin price even further to a new height. But I want to be mindful of the fact that the market would behave the way it wants to. That is why I will not completely rule out the possibility of the price going back to the $45K - $48K support in the interim. For now, there have been fewer bitcoin inflows which indicates less selling pressure.

BIT-BENDER

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Quote from: Review Master on April 22, 2021, 10:34:27 AM

. BTW, btc should not break the $52k support zone as there is a bullish divergence into RSI which might help the market to again bounce back from this zone. If that happens, btc will take bullish rally to break the 20 MA next. On the other hand, btc might take huge correction again if it's break the $49k to $50k support zone.

Is this speculation, guessing or calculated, regardless of which it is, bitcoin as of currently has dipped below $51k, not yet gone below the other figures you pointed but, it may soon or may not, that volatility for you -unpredictable- and the only support zone is the one just right under its current price at any time and can be broken/ effect correction, in between there has been delay in Transaction does this has to do with panic sellers?

pixie85

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You guys are speculating here or trying to reassure each other? Cheesy

I'm not that Bullish to think we cannot fall below 50 thousand but 45000 is going to be a strong support and then 28000 if that falls.

One thing that I'm sure of is we are not going back below 20000 and that already satisfies me because I held bitcoin when we were at 1000 a year ago so I'm going to be very happy with stable 20000 just 1 year later.

Gamerholic

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I think Bitcoin will hang out in the range of 50 thousand to 60 thousand dollars until the summer. The level of 50 thousand is a strong psychological support for the course, however, if there are some strong incentives for the "bears" this level can be pushed through - then no one will say exactly how quickly and deeply the quotes will fly away. I think in the summer the correction will not greatly intensify then that usually people go out in cash before the trip, but since the pandemic and travel restrictions will not go anywhere, this factor will be weaker than usual.

aoluain

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Quote from: nikolastech on April 22, 2021, 08:25:13 AM

Definitely think it's a definitely think it's a new ballgame, we have to remember so many new coming in and buying including institutional investors.

Don't think much chance of it going any lower

Yes but I couldnt give you a percentage, nobody can predict what will happen.
Take last night Bitcoin dropped to around $51k this could happen again in the next 24 hours.

Its true there are more big buyers coming to Bitcoin but there is still a lot of selling too.

Review Master

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Quote from: hector3115 on April 22, 2021, 08:57:52 AM

Yes. I am absolutely sure that the price will rise again. But unfortunately I do not know when this will happen.

Just need huge volume in the daily charts to cross 50 MA as it's now becoming the major resistance which was the biggest supportive indicator in this whole bull run. BTW, btc should not break the $52k support zone as there is a bullish divergence into RSI which might help the market to again bounce back from this zone. If that happens, btc will take bullish rally to break the 20 MA next. On the other hand, btc might take huge correction again if it's break the $49k to $50k support zone.

hector3115

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Yes. I am absolutely sure that the price will rise again. But unfortunately I do not know when this will happen.

nikolastech

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Definitely think it's a definitely think it's a new ballgame, we have to remember so many new coming in and buying including institutional investors.

Don't think much chance of it going any lower

Topic: A new ballgame, many new coming in and buying including institutional investors (Read 274 times)