Topic: Alternative view: There is no bull market. Bitcoin will go down. (Read 433 times)
September 27, 2019, 11:57:00 AM
Still doesn't look too bullish tbh.
August 16, 2019, 02:13:32 AM
Hello guys,
Hello OP,
I give you another alternative view from my universe. Zoom out!
But is it really that bullish?
It kinda looks like it could have flattened out already?
Many people have said that before you during 2015. Look at the chart again, but cut it, and look only from 2010 to early 2015. Flattened out already?
August 14, 2019, 03:24:30 AM
Hello guys,
Hello OP,
I give you another alternative view from my universe. Zoom out!
https://pbs.twimg.com/media/D9Q-XdMXUAEWdys?format=jpg&name=large
But is it really that bullish?
It kinda looks like it could have flattened out already?
August 14, 2019, 02:06:09 AM
Hello guys,
Hello OP,
I give you another alternative view from my universe. Zoom out!
There was ALWAYS a bull market. Buy the dip, and HODL.
As far as I know, market had been swinging from bear market to bull market and vice versa. Both view I guess is right, and I think bull and bear market always coexist everyday. So I guess, OP's pov is half true because he failed to see that Bull market is always around.
August 14, 2019, 01:55:16 AM
Hello guys,
Hello OP,
I give you another alternative view from my universe. Zoom out!
There was ALWAYS a bull market. Buy the dip, and HODL.
August 13, 2019, 06:58:09 PM
I think the biggest thing with stops is are they leveraged because they may not have a choice then. The market has a habit of wringing the sponge dry, basically it will shake the loose money out. Its a natural phenomena that always reoccurs.
See if it can lose the 50 day MA convincingly first. A good close below and a continuation down would seem to indicate more work needs to be done for any positive movement hopes.
See if it can lose the 50 day MA convincingly first. A good close below and a continuation down would seem to indicate more work needs to be done for any positive movement hopes.
August 13, 2019, 06:38:02 PM
Let us say whales might sell but they cannot dump it to a number which is too low for people to panic again.
It depends on where their stops are located. Most of the people aren't selling manually but do it through triggered stops.
I think that it's safe to say that when we hit $8999 the price will experience a fast decline towards $8500, or even lower if there isn't enough liquidity on the buy side of the order book. The few noobie noobs that do end up selling manually have very likely done so already, which if you look back, they have done a good job looking at where the price is right now.
I remember people (mainly hodlers) making fun of those who panic sold around $10,000 back in 2018. They would regret having sold with how the bull run would push the price back to $20,000 before the end of the year. We all know what happened after that.
August 13, 2019, 04:03:01 PM
The truth is, bear had never go away, its that the bullish market is pretty dominant at this moment but sometimes Bearish appears but easily dominated by bulls, that is another reason why we can see higher low (price crashing but higher than the previous bottom price) during the bullish season of Bitcoin market. I also agree that there is always a possibility that the trend will go the other way (Bitcoin going down) but I dis-agree that there is no bull market because if there is no Bull market then what do you call this rally of BTC from 3k up to the present price?
That would then be a bullish periode that has ended with the nearly 13k high.That could also indicate that the price increased will slow down, but it doesn't mean that we can't go back to $13000 again. I don't know how long have you been to say that there is no bull run whatsoever. But if you look at Bitcoin's past history, this could be around 2015-2016 wherein there is a periodic run and then eventually goes on a crazy bull run in 2017. With that said, yes we are down right now, but this is just how the market works, so we will just let wait and see how it will go, but I'm seeing another attempt at $13000 in the coming weeks.
August 13, 2019, 03:39:58 PM
The truth is, bear had never go away, its that the bullish market is pretty dominant at this moment but sometimes Bearish appears but easily dominated by bulls, that is another reason why we can see higher low (price crashing but higher than the previous bottom price) during the bullish season of Bitcoin market. I also agree that there is always a possibility that the trend will go the other way (Bitcoin going down) but I dis-agree that there is no bull market because if there is no Bull market then what do you call this rally of BTC from 3k up to the present price?
That would then be a bullish periode that has ended with the nearly 13k high. 
August 13, 2019, 12:37:27 PM
The truth is, bear had never go away, its that the bullish market is pretty dominant at this moment but sometimes Bearish appears but easily dominated by bulls, that is another reason why we can see higher low (price crashing but higher than the previous bottom price) during the bullish season of Bitcoin market. I also agree that there is always a possibility that the trend will go the other way (Bitcoin going down) but I dis-agree that there is no bull market because if there is no Bull market then what do you call this rally of BTC from 3k up to the present price?
August 13, 2019, 11:11:32 AM
I disagree.
As you say, we are getting higher in numbers and if these people are getting even a part of 1 bitcoin and doesn't sell thinking it is an investment then we are still in good hands.
Not all can become traders or want to be a trader because of the time that will be spent to do it.
Some are just happy with an investment and never really want to move it.
With that, the price of bitcoin can still be intact. Let us say whales might sell but they cannot dump it to a number which is too low for people to panic again.
As you say, we are getting higher in numbers and if these people are getting even a part of 1 bitcoin and doesn't sell thinking it is an investment then we are still in good hands.
Not all can become traders or want to be a trader because of the time that will be spent to do it.
Some are just happy with an investment and never really want to move it.
With that, the price of bitcoin can still be intact. Let us say whales might sell but they cannot dump it to a number which is too low for people to panic again.
August 13, 2019, 11:01:45 AM
I don't understand why we can't call what happened bull neither, I mean we have moved from 3.4k at bottom this year to 13.8k at peak , how is that not a bull? The notion that "there is no bull market, bitcoin will go down" is quite wrong because bull already happened didn't it?
Maybe the correct term would be "bull time is over, bear will start" because than you try to say that bull already happened and it won't go up anymore, its time for bears to start and bitcoin price to go down, it still the same thing but accept the fact that bitcoin had a bull run and it will go down afterwards instead of denying all of bull run we just had. Of course people have seen the price move from 2-3k levels to 20k so they think it has to break the all time high in order to be a bull run but I feel like that is just wrong.
Of course. We can assume that the period of the bull market was already from April 1 to June 26, when bitcoin increased in price by about four times. However, this time altcoins did not show similar growth and therefore the growth of the cryptocurrency market was somehow incomplete. Because of this, the capitalization and price dominance of Bitcoin has greatly increased. This situation cannot exist for a very long time and I hope that in the fall altcoins. will already be actively growing after the next rise in bitcoin. In the fourth quarter, there should be a full-fledged bull market for cryptocurrency. Maybe the correct term would be "bull time is over, bear will start" because than you try to say that bull already happened and it won't go up anymore, its time for bears to start and bitcoin price to go down, it still the same thing but accept the fact that bitcoin had a bull run and it will go down afterwards instead of denying all of bull run we just had. Of course people have seen the price move from 2-3k levels to 20k so they think it has to break the all time high in order to be a bull run but I feel like that is just wrong.
August 13, 2019, 10:51:00 AM
I don't understand why we can't call what happened bull neither, I mean we have moved from 3.4k at bottom this year to 13.8k at peak , how is that not a bull? The notion that "there is no bull market, bitcoin will go down" is quite wrong because bull already happened didn't it?
We had one of longest uptrend of bitcoin price in history of Bitcoin. Five straight positive months.
Problem is that some people will just never be satisfied. If we would have 10 positive month they will start complain after one negative month.
August 13, 2019, 10:05:25 AM
I don't understand why we can't call what happened bull neither, I mean we have moved from 3.4k at bottom this year to 13.8k at peak , how is that not a bull? The notion that "there is no bull market, bitcoin will go down" is quite wrong because bull already happened didn't it?
Maybe the correct term would be "bull time is over, bear will start" because than you try to say that bull already happened and it won't go up anymore, its time for bears to start and bitcoin price to go down, it still the same thing but accept the fact that bitcoin had a bull run and it will go down afterwards instead of denying all of bull run we just had. Of course people have seen the price move from 2-3k levels to 20k so they think it has to break the all time high in order to be a bull run but I feel like that is just wrong.
Maybe the correct term would be "bull time is over, bear will start" because than you try to say that bull already happened and it won't go up anymore, its time for bears to start and bitcoin price to go down, it still the same thing but accept the fact that bitcoin had a bull run and it will go down afterwards instead of denying all of bull run we just had. Of course people have seen the price move from 2-3k levels to 20k so they think it has to break the all time high in order to be a bull run but I feel like that is just wrong.
August 13, 2019, 02:15:35 AM
if I think a bull run will also be experienced this year, because now the growth of bitcoin prices is also starting to grow, so I think the price of bitcoin will also increase again in the coming time
I am still trying to figure out the factor that will usher in the bull run but I am still yet to see it, the only factor that I have seen is that of Facebook, and I think that the project may not see its light, another factor that would have easily contributed to it even long time ago was ICO if we had ICO that were genuine and would still attract the new investors to the industry, but as ICO is no longer much attractive, we do not have many new investors to invest in the cryptocurrency market to cause major breakout. The only factor that I am relying on right now is the halving of bitcoin, although I expected so much from that of Litecoin but was disappointed, but I believe that the one for bitcoin will really make a great impact because it is the most popular crypto till date.
August 12, 2019, 11:35:31 AM
When looking at the charts, it's pretty obvious that we are in a downtrend since more than one month:
https://i.ibb.co/bgbbBf1/07-08-2019-2.png
https://i.ibb.co/bgbbBf1/07-08-2019-2.png
We were in a uptrend for half a year. That was one of longest periods of constant uptrend in Bitcoins history. Of course we had a downtrend month after that.
Considering all that happened in past weeks. That so many people believe we are at brink of new financial crisis you dont think that is super good for Bitcoin long term? Moment when that happens it will break all trends and rewrite them fresh.
August 12, 2019, 09:20:51 AM
if you want to see the real difference in the market and expect the market to rise like everyone expects we need to have institutional investment coming into bitcoin and not a few thousands dollars from everyone to accumulate so that the market rises 
.
.i don't think we are at that stage yet. and it is not "a few thousands of dollars"! the past 10 years is the clear proof that we don't need institutional investors and also the dollars that are coming in are more than enough to rise millions of percentage in less than a decade.
on top of that, bitcoin is decentralized and that is what attracts "individuals".
August 12, 2019, 08:11:57 AM
I am aware of the '4 year cycle' and that nearly everybody here believes bitcoin is long term bullish. I am not saying I totally disagree with that, but I do think other options are also possible and should be discussed!
We know about the 4 year cycle simply because of the past experience and we do not have a big data to analyze whether it will happen again but then it is likely that we will see a rally after the halving because the amount of coins in circulation reduces and it will have an affect on the market. But in 2018 literally everyone that reads news learned about bitcoin (and invested if he believed in it). So, now we simply lack investors that could push the price up.
Let me set the record straight, do you really expect that the market will rise because more people with invest in bitcoin, if you want to see the real difference in the market and expect the market to rise like everyone expects we need to have institutional investment coming into bitcoin and not a few thousands dollars from everyone to accumulate so that the market rises . August 12, 2019, 07:33:00 AM
if I think a bull run will also be experienced this year, because now the growth of bitcoin prices is also starting to grow, so I think the price of bitcoin will also increase again in the coming time
August 12, 2019, 07:17:55 AM
It is now being accumulated by the elite and the asset managers as an addition to precious metals
Bitcoin brings in new class to affluence to join the existing elite class and I don't see it that the elite class alone is accumulating coins because the modus is open to acquire even by the poor because you have lower strata of satoshi to acquire, own/hodl and allow it to grow too.
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