Topic: Are we getting a pump and dump for this month? (Read 727 times)
You have seen today how bitcoin increase to higher price more than 7% and become most potential way to invest much money with bitcoin, maybe tomorrow will continue for growing up bitcoin and keep continue for several days later and make cryptocurrency world become most interested discussion public again with bitcoin and altcoin become best topic for discussing.
The clear line can't be set. To my opinion price will continue to fluctuate in the range between aprox. 7000$ and 8000$ so we'll be having both, ups and downs and price will not follow only one direction. That situation probably will not change in the upcoming period and before halving we might have sudden pump or dump but that will not last for long and effect will be only temporary.
We all see that there is a lot of positive information, but the investors on market are very nervous. I think it will be like this by the end of January. I am more afraid of dump prices in February or March, shortly before the halving event.
Why are you afraid of that? just accept whatever happens but be optimistic.
If it pump this early, we might not see it pump again close to the halving but that's just another possibility, we have to believe what we think would posibly happen and for me, I always think positive that this market will eventually recover and this year which is the halving is happening is the right timing to witness it.
From what we see at the moment we might be. The price seems to be retracing back to the key levels of around 6.5k it has already been defended twice so it wouldn't be surprising if we get another strong bounce off of it. Hopefully that will be the last re-test and from then we will see the bull cycle begin. But who knows...
Time can tell, and the trend is still on the sideways. Its good to see bitcoin on the level of $8k again and hope to stay above on this price but yeah something can still happen, it can drop again or its time to move forward. This month of January is full of challenges, and a lot of shit things already happened in just a weeks of 2020, but still I’m confident on bitcoin price this year.We all see that there is a lot of positive information, but the investors on market are very nervous. I think it will be like this by the end of January. I am more afraid of dump prices in February or March, shortly before the halving event.
From what we see at the moment we might be. The price seems to be retracing back to the key levels of around 6.5k it has already been defended twice so it wouldn't be surprising if we get another strong bounce off of it. Hopefully that will be the last re-test and from then we will see the bull cycle begin. But who knows...
Time can tell, and the trend is still on the sideways. Its good to see bitcoin on the level of $8k again and hope to stay above on this price but yeah something can still happen, it can drop again or its time to move forward. This month of January is full of challenges, and a lot of shit things already happened in just a weeks of 2020, but still I’m confident on bitcoin price this year.
From what we see at the moment we might be. The price seems to be retracing back to the key levels of around 6.5k it has already been defended twice so it wouldn't be surprising if we get another strong bounce off of it. Hopefully that will be the last re-test and from then we will see the bull cycle begin. But who knows...
In January, bitcoin has begun to increase even though it's not a big pump. I think this is a good development. because for a few months bitcoin has been at the level of $ 7k and currently bitcoin is worth $ 8k. I am optimistic that if the state of the bitcoin market continues to improve, by the end of January this bitcoin can reach a value of $ 9k.
That is possible as there's a good barrier which we see now, the current run brings positive improvement to the price of bitcoin. Not a pump and dumpbut possible market cycle, a corrections which can lead to uptrend rise movement. Possibilities that news that being spread and incoming updates are bringing impacts to this industry.
We are encountering more volatility on this new year, but over all bitcoin trend is positive. Likely we wouldn't see ATH but I think bitcoin will not dumped like previous. Last few months show almost stability and this year start movement. Yea, there was some reason like USA/Iran war facts behind of this movement (IMO). But after situation become cool, bitcoin dumped for little time. And from yesterday we seen bitcoin back again above $8K. So I am assuming this trend would continue even slowly, because I believe new buyers entering on bitcoin. If they don't get panic somehow then we might see another small bull. I am positive with bitcoin especially on this year 2020. It's been long time previous holders are waiting for recover. So let's hope for a bull run once again.
In January, bitcoin has begun to increase even though it's not a big pump. I think this is a good development. because for a few months bitcoin has been at the level of $ 7k and currently bitcoin is worth $ 8k. I am optimistic that if the state of the bitcoin market continues to improve, by the end of January this bitcoin can reach a value of $ 9k.
Resistance from 8k is still around. Bitcoin is having a hard time to push thru getting that 9k mark.
Maybe next week we might see it fall to $7500 again.
There is something good though. It aint like the other years which had passed.
It is not falling to a price which is not expected.
Somehow we could still predict here and maybe even make profits if we can just get it right.
Maybe next week we might see it fall to $7500 again.
There is something good though. It aint like the other years which had passed.
It is not falling to a price which is not expected.
Somehow we could still predict here and maybe even make profits if we can just get it right.
Still have chance for bitcoin back to lower price when Chinese new year coming and bitcoin investor come from China will sell their assets for celebrating their new year and make bitcoin looks down, the same with Cristmas day I think bitcoin back with lower price because Chines new year always give impact for bitcoin going down what happen like last Chinese new year.
If we look at the history of previous years, the coming of the Chinese New Year and Christmas celebrations can indeed influence market price movements to reduce its value, if indeed this incident will continue to repeat we must be able to take advantage of the situation by preparing as much money as we can to buy bitcoin at low prices so that our investment can be increased by utilizing the market situation when the Chinese New Year arrives
Still have chance for bitcoin back to lower price when Chinese new year coming and bitcoin investor come from China will sell their assets for celebrating their new year and make bitcoin looks down, the same with Cristmas day I think bitcoin back with lower price because Chines new year always give impact for bitcoin going down what happen like last Chinese new year.
Yes market is really wild and there are chances and further dumps as well because this recent pump might be a bull trap as well. We need to be really carefully before investing or cashing out,because what if we see a repeat of 2017 again. But facing a further dump before the bitcoin halving is inevitable.
Still have chance for bitcoin back to lower price when Chinese new year coming and bitcoin investor come from China will sell their assets for celebrating their new year and make bitcoin looks down, the same with Cristmas day I think bitcoin back with lower price because Chines new year always give impact for bitcoin going down what happen like last Chinese new year.
I may not think about it. https://www.reddit.com/r/CryptoCurrency/comments/7vvec4/hodl_the_chinese_new_year_effect_in_3_simple/
As we could see the chart in the previous New year, there are low dumps happens but it eventually turns back high in a few days after. And may this time still never be affecting more on the price but I'm thinking that it helps to uplift the market.
Thanks for sharing this interesting post from Reddit! It's one year old, but it's interesting. First comment is amazing, it's
the same what I think, I will share it for everyone to see it:
-"The lesson I get from this: buy a good coin, hold and forget. Come back in a couple years and check the value of your holdings. Cash out what you need. Come back when you need more. Retire."
I learn the same lesson every time, buy a good coin and hold for years. Not days, or months, years, more then couple years, maybe
5, at least 5! I am here almost 2 years, and I still hold! Monthly and daily pumps and dumps are not for me, I am here for a long-term!
Still have chance for bitcoin back to lower price when Chinese new year coming and bitcoin investor come from China will sell their assets for celebrating their new year and make bitcoin looks down, the same with Cristmas day I think bitcoin back with lower price because Chines new year always give impact for bitcoin going down what happen like last Chinese new year.
I may not think about it. https://www.reddit.com/r/CryptoCurrency/comments/7vvec4/hodl_the_chinese_new_year_effect_in_3_simple/
As we could see the chart in the previous New year, there are low dumps happens but it eventually turns back high in a few days after. And may this time still never be affecting more on the price but I'm thinking that it helps to uplift the market.
Still have chance for bitcoin back to lower price when Chinese new year coming and bitcoin investor come from China will sell their assets for celebrating their new year and make bitcoin looks down, the same with Cristmas day I think bitcoin back with lower price because Chines new year always give impact for bitcoin going down what happen like last Chinese new year.
Your scenario has happened, the price of bitcoin has been high for the past few days and has risen to $ 8500. While everyone is waiting for a one-time price of $ 10000 this week, everything has changed, the price has been adjusted to $ 7600 and is currently fluctuating in this price range. This is not a bad case, in fact, if bitcoin is stable and does not fall further, the opportunity for it to go up to $ 10000 is entirely possible.
Nothing unusual is happening, just common volatility process.
At first everyone was so thrilled about price rise expecting 10000$ or more even this week. But people always forget that price can easily pull back and that there is no guarantee for continuous growth.
Anyway, I expect for price to go back and forth in the next period of time and I don't think that we will see some major changes, probably it will stay somwhere in the range between 7000$ and 8000$.
At first everyone was so thrilled about price rise expecting 10000$ or more even this week. But people always forget that price can easily pull back and that there is no guarantee for continuous growth.
Anyway, I expect for price to go back and forth in the next period of time and I don't think that we will see some major changes, probably it will stay somwhere in the range between 7000$ and 8000$.
I also expect some sideways until we have a break out of it. I expect a big green candle after we slowly move out of the channel through a time-correction. Then we're off for some serious pump up to $17k.
Nothing unusual is happening, just common volatility process.
At first everyone was so thrilled about price rise expecting 10000$ or more even this week. But people always forget that price can easily pull back and that there is no guarantee for continuous growth.
Anyway, I expect for price to go back and forth in the next period of time and I don't think that we will see some major changes, probably it will stay somwhere in the range between 7000$ and 8000$.
At first everyone was so thrilled about price rise expecting 10000$ or more even this week. But people always forget that price can easily pull back and that there is no guarantee for continuous growth.
Anyway, I expect for price to go back and forth in the next period of time and I don't think that we will see some major changes, probably it will stay somwhere in the range between 7000$ and 8000$.
Bitcoin nature is that in few days it can reach to new heights and come back with same speed. Probably that's the reason why we were expecting 10k price but not expectations are price of around 7000$. But that doesn't mean game is over, just keep an eye on bitcoin price and dont forget to buy it at dips.
Nothing unusual is happening, just common volatility process.
At first everyone was so thrilled about price rise expecting 10000$ or more even this week. But people always forget that price can easily pull back and that there is no guarantee for continuous growth.
Anyway, I expect for price to go back and forth in the next period of time and I don't think that we will see some major changes, probably it will stay somwhere in the range between 7000$ and 8000$.
At first everyone was so thrilled about price rise expecting 10000$ or more even this week. But people always forget that price can easily pull back and that there is no guarantee for continuous growth.
Anyway, I expect for price to go back and forth in the next period of time and I don't think that we will see some major changes, probably it will stay somwhere in the range between 7000$ and 8000$.
It seems we had experience the first pump and dump of the year. Though this previous price movement may not be considered as major pump but being a minor pump indeed. Those who bought before this minor pump and sold at peak before the price goes down below $8k should accumulate again because the pump series is yet to be finish. There are also prediction that price will go back to $10k so if we happen to accumulate at this point, we can have around 28% profit if the predicted price is met.
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