Topic: Are we heading in a Sucker Rally ? - page 2. (Read 270 times)
I'm quite inactive for a week now because of the sudden internet interruption I had. Though, looking at the bitcoin graph now, it shows a good manifestation of volatility. Honestly, this is the first time I've read about the term Sucker Rally, but it is still unclear to me, what might be the reason of the price fluctuation this week. We had experienced a huge decline about a month ago, and we should have a good and healthy market now. My speculation was still directly focused on the reason that the current situation about lockdown is still the subject why this is happening. People might be afraid, but we shouldn't take it too much as there are more people who know how the market works and we are taking advantage of the market when that happens buy accumulating more bitcoins. That means our demand will push the price to avoid further market decline.
I feel better to watch what is going on in the market because that can give more clue about the time to enter the market. I used their analysis to find my own analysis, and sometimes I can get more information which they don't tell the public because they will use that information for themselves. You can read all about the analysis from them, but you should not use their analysis without making your own analysis. It is dangerous because you don't know if they tell the truth or just to bluff and make people panic.
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The price is stable even though the market is being funded
*Even though money is coming in the market , the amount is still not working for Bitcoins 2.3 trillion , right after 6 trillion liquidity fund , Bitcoins have not shown a positive dip
*Even though money is coming in the market , the amount is still not working for Bitcoins 2.3 trillion , right after 6 trillion liquidity fund , Bitcoins have not shown a positive dip
Nobody said and there's no guarantee that the stimulus plan will pump the bitcoin price.People should stop with this BS.When you say "money is coming in the market" can you backup your claim with some real evidence?There's no such evidence about billions of fresh USD invested into the cryptocurrency markets.
If this really is a "sucker rally" then I guess that sucker rallies happen every 2-3 months in the BTC market.
There's nothing to worry about.
Sometimes bitcoin's price goes up, sometimes it goes down. Who cares what these "analysts" say? Most of them just wants the attention for their own benefit, and we're just casually handing it to them on a silver platter.
This sucker rally logic is assuming that individuals and businesses who got the liquidity should be spending it to buy BTC. And if they are not, then it means it will go down. That is some pretty circular logic. People/ businesses who received the magic money would probably be hoarding and waiting it out for the worst to pass. As time passes, more and more people would realize the stupidity of printing so much money in one go and the kind of economic structure that needs/ justifies this.
That basic proposition of sound money will take some time for people to realize. It is a currency that is being used the world over and is being built upon continuously and unlike the trillions they hold, it cannot be minted without any reasonable restrictions. When this settles in, a lot of people who can think for themselves will realize that bitcoin is the perfect hedge against vested interest policies of their federal reserve.
Anybody who doubts this should take a test. If you know any investment banker friends, ask them if they know about bitcoin or not and if they have bought any. The smartest people will say yes.
That basic proposition of sound money will take some time for people to realize. It is a currency that is being used the world over and is being built upon continuously and unlike the trillions they hold, it cannot be minted without any reasonable restrictions. When this settles in, a lot of people who can think for themselves will realize that bitcoin is the perfect hedge against vested interest policies of their federal reserve.
Anybody who doubts this should take a test. If you know any investment banker friends, ask them if they know about bitcoin or not and if they have bought any. The smartest people will say yes.
we just had the downtrend, in fact it was a gigantic drop and what we have right now is just the correction of that massive drop. it is not even a rally to be sucker or not! for the time being we have to continue rising to get back to normal then start having a rally. by that time we can start discussing whether THAT rally could continue upwards or not.
I do think instead of a Sucker Rally it is the economic situation affecting Bitcoins and the decrease in volume is directly related to people being scared to loose money when there isn't any during the Pandemic. Instead of a Sucker Rally maybe we are in a constant state where the buying and selling percentage is close to being equal.
I think people aren't scared to lose their money and in fact during a Pandemic, people would look for a platform or ways to secure the money they have by buying gold or BTC for example.Also the money that the Author talks about in the Article is indeed a huge amount but considering the fact that in the US alone the Death margin is at all time high and people are being infected + Reinfected by the virus , It is not skeptical that all the money might be used in the healthcare + decreasing the prices of common commodities.
This made much more sense. In my country, we are under quarantine as well as some other parts of the world which means that most of the people's income was diminished or simply none. Most people nowadays just releasing their money buying stuff that they need with their income not keeping with their expenditures.
According to analysts we are right now a part of a sukcer rally.
What is a Sucker Rally with respect to Bitcoins ?
"A sucker rally describes a price increase which quickly reverses course to the downside."
https://www.investopedia.com/terms/s/sucker-rally.asp
Why is Bitcoins suspected of driving the investors In a Sucker Rally ?
*The price is stable even though the market is being funded
*Even though money is coming in the market , the amount is still not working for Bitcoins 2.3 trillion , right after 6 trillion liquidity fund , Bitcoins have not shown a positive dip
According to the Analysts the Price was increasing 8%in a week approximately , but the Volume of Bitcoins was decreasing . . .
Therefore it has been believed that it is just a Sucker Rally.
https://cointelegraph.com/news/bitcoin-price-ignores-23t-fed-cash-as-pundit-warns-of-sucker-rally
What is your take on this ?
I do think instead of a Sucker Rally it is the economic situation affecting Bitcoins and the decrease in volume is directly related to people being scared to loose money when there isn't any during the Pandemic. Instead of a Sucker Rally maybe we are in a constant state where the buying and selling percentage is close to being equal.
Also the money that the Author talks about in the Article is indeed a huge amount but considering the fact that in the US alone the Death margin is at all time high and people are being infected + Reinfected by the virus , It is not skeptical that all the money might be used in the healthcare + decreasing the prices of common commodities .
Should we worry about it ?
But I do think the whole concept of Sucker Rally might be contradictory , since investors are coming in meaning the price will rise , even though it is not 8% , even at this time if it stays stable it will be a big help for the investors.
How do we plan on explaining the decrease in Volume as pointed out in the article?
What is a Sucker Rally with respect to Bitcoins ?
"A sucker rally describes a price increase which quickly reverses course to the downside."
https://www.investopedia.com/terms/s/sucker-rally.asp
Why is Bitcoins suspected of driving the investors In a Sucker Rally ?
*The price is stable even though the market is being funded
*Even though money is coming in the market , the amount is still not working for Bitcoins 2.3 trillion , right after 6 trillion liquidity fund , Bitcoins have not shown a positive dip
According to the Analysts the Price was increasing 8%in a week approximately , but the Volume of Bitcoins was decreasing . . .
Therefore it has been believed that it is just a Sucker Rally.
https://cointelegraph.com/news/bitcoin-price-ignores-23t-fed-cash-as-pundit-warns-of-sucker-rally
What is your take on this ?
I do think instead of a Sucker Rally it is the economic situation affecting Bitcoins and the decrease in volume is directly related to people being scared to loose money when there isn't any during the Pandemic. Instead of a Sucker Rally maybe we are in a constant state where the buying and selling percentage is close to being equal.
Also the money that the Author talks about in the Article is indeed a huge amount but considering the fact that in the US alone the Death margin is at all time high and people are being infected + Reinfected by the virus , It is not skeptical that all the money might be used in the healthcare + decreasing the prices of common commodities .
Should we worry about it ?
But I do think the whole concept of Sucker Rally might be contradictory , since investors are coming in meaning the price will rise , even though it is not 8% , even at this time if it stays stable it will be a big help for the investors.
How do we plan on explaining the decrease in Volume as pointed out in the article?
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