Are we now on Crypto bull run? - page 14.

crzy

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Quote from: yusrime on January 21, 2023, 07:10:55 AM

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

This is not a bull run, but a good pump.
Bull run is about a strong buyers coming into this market and make a lot of green candles. We are recovering, and the price can be more stable in the coming months. If Bitcoin hold the price of $23k, eventually it will create a bull trend and it might happen this year because many are anticipating the hype of the halving.

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Quote from: dark1234 on January 27, 2023, 08:50:18 AM

Quote from: Wong Gendheng on January 27, 2023, 08:39:38 AM

Of course we agree that earlier this year is a good thing because it has risen more than 25%, prices skyrocketed from $ 17k to $ 22k in a short time, this proves that Bitcoin always has power for rising, I'm sure in 2023 prices can touch at least $ 45k or up more than 100% compared to the current price.

positive thing...
but the beginning of this year is a good start but is this a sign that the bullrun market is starting I don't think it's still not because the market is now in winter where there is a possibility that it will return to 17K $ or below
and the present is the thing that provides the most high profit opportunities by taking the opportunity to make short-term trades

Not actually a sign for Bullrun but I consider this as a chance of earning some profit. I couldn't be denied that many investors/holders have sold their Bitcoin this time making it drops a little bit before it rises to back to $22k. The price of Bitcoin is keeping its momentum upward, it is good to see but yes, it was not yet considered a bullish market, not yet. Maybe if it will reach back to $30k, I may change my view about the current status of the market. I was not hoping that I'll be right but I don't want also for the people to expect Bullrun in just having these small price increase.

dark1234

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Quote from: Wong Gendheng on January 27, 2023, 08:39:38 AM

Of course we agree that earlier this year is a good thing because it has risen more than 25%, prices skyrocketed from $ 17k to $ 22k in a short time, this proves that Bitcoin always has power for rising, I'm sure in 2023 prices can touch at least $ 45k or up more than 100% compared to the current price.

positive thing...
but the beginning of this year is a good start but is this a sign that the bullrun market is starting I don't think it's still not because the market is now in winter where there is a possibility that it will return to 17K $ or below
and the present is the thing that provides the most high profit opportunities by taking the opportunity to make short-term trades

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Quote from: maydna on January 27, 2023, 04:21:47 AM

I don't know if a bull run will happen this year, especially since the bitcoin price is still under $ 30k. It will not be easy for bitcoin to increase its price even to above $30k because it requires major support. But I'm still sure that the bull run will happen. Perhaps, next year is close to the halving process. Investors should learn much from the FTX case not to keep their funds on an exchange, even if it is a centralized exchange. It's best if they start moving their funds to a personal wallet that they can always keep an eye on.

As we wait for the price to increase we must take necessary precautions now to keep our investment safe, if we need to invest in having ledger or any hardware wallet then better buy one and store in it than regret losing it in any exchanges. If we believe prices will soon go up and intended to buy more at times like this or at dip we must secured first where we place our investment since we need to wait before we can be able to gain from it.

Wong Gendheng

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Of course we agree that earlier this year is a good thing because it has risen more than 25%, prices skyrocketed from $ 17k to $ 22k in a short time, this proves that Bitcoin always has power for rising, I'm sure in 2023 prices can touch at least $ 45k or up more than 100% compared to the current price.

Questat

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Quote from: ScamViruS on January 26, 2023, 12:25:44 PM

Quote from: DOH! on January 24, 2023, 09:49:50 AM

Now, I think the market is starting a new cycle. I mean the market is in a recovery state - staying motivated and creating great potential for a bull run. The timing and process is very similar to 2019, the more optimistic signals have returned to bitcoin itself - the only strong driver for the market to break out of the bear phase.

The market has started a momentum, how long this momentum will last remains to be seen. As the market has suddenly pumped up, there could be a major correction here. The market may decide within a few days whether Bitcoin is completely out of the bear phase.

Bitcoin is still at strong resistance and there is a possibility of a bear trap. But for long term investors like me in Bitcoin, this short term change doesn't matter.

We believe that Bitcoin will recover from the dip. Might it not will happen this year but it never gives us a reason to lose hope as well. Yes, we can't sure about the current situation and how long it will stay like this. We're never sure as well if it is a trap or not but whatever it is, I can still see that investors are excited about what will happen in the future after seeing the current market condition. Perhaps, it gives some courage and optimism to the holders that what they did couldn't be in vain.

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Quote from: 19Nov16 on January 26, 2023, 11:09:19 PM

The potential for a bull run is of course very large to occur this year,

Bull run only really happen after the halving and we are still over 400 days away from the halving, so I doubt a bull run will happen this year.

Quote from: 19Nov16 on January 26, 2023, 11:09:19 PM

the biggest factor is of course because the trauma from the collapse of exchanges will end soon, investors will of course make FTX a valuable lesson so they will only choose top exchanges that have legality and strong capital,

FTX is also a leading exchange, and the collapse of centralized exchanges or the collapse of projects can happen at any time, even with Binance. Nothing is 100% certain in this market, don't trust anyone too much.

Quote from: 19Nov16 on January 26, 2023, 11:09:19 PM

especially now that there are more and more countries that legalize bitcoin so that the potential to skyrocket is even greater.

Did I miss it? Since the beginning of the year, I have not heard any news about many countries legalizing or accepting bitcoin.

maydna

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Quote from: 19Nov16 on January 26, 2023, 11:09:19 PM

The potential for a bull run is of course very large to occur this year, the biggest factor is of course because the trauma from the collapse of exchanges will end soon, investors will of course make FTX a valuable lesson so they will only choose top exchanges that have legality and strong capital, especially now that there are more and more countries that legalize bitcoin so that the potential to skyrocket is even greater.

I don't know if a bull run will happen this year, especially since the bitcoin price is still under $ 30k. It will not be easy for bitcoin to increase its price even to above $30k because it requires major support. But I'm still sure that the bull run will happen. Perhaps, next year is close to the halving process. Investors should learn much from the FTX case not to keep their funds on an exchange, even if it is a centralized exchange. It's best if they start moving their funds to a personal wallet that they can always keep an eye on.

19Nov16

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The potential for a bull run is of course very large to occur this year, the biggest factor is of course because the trauma from the collapse of exchanges will end soon, investors will of course make FTX a valuable lesson so they will only choose top exchanges that have legality and strong capital, especially now that there are more and more countries that legalize bitcoin so that the potential to skyrocket is even greater.

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Quote from: justdimin on January 26, 2023, 08:51:52 AM

Quote from: OgNasty on January 25, 2023, 12:30:50 PM

While it feels like we are in the beginning stages of a bull run, it also feels like we made a pretty big move and now we’re seeing profit taking from the short term traders. No idea how long this will continue, but I think it’s pretty bullish if we hit $24K before falling back below $20K. At this point it’s a game to try and tire the leveraged longs out and build some more shorts before making the next big move.

Isn't that normal? I remember at least 2 other big bull runs, and I am not saying it will be the same and we will break ATH or anything like that, but in all those big bull runs we had short term traders taking profit, and then we moved on to make more profit.

I believe that we are going to end up making a profit anyway and it should be just a temporary hiccup for now. Not saying it will be huge, but just because we had a small drop doesn't mean we will go down and go back to bear market, I think bull will continue as soon as this commercial break is over. We have too many people who bought at low, so we need to wait a bit before they all sell out and bull resumes again after that.

That's right, I remember last time in 2020 to 2021 period during new years 20k was a hard price to crack, it was the previous ATH so it took some time to go over it, and it moved between 17k to 20k levels up and down constantly, it moved between those prices 5 times before it could finally crack above 20k, and I believe that the same type of movement will happen again.

Not at the same price probably, but it will have hard time going higher and it will move up and down many times before it could go up again. This is common because everyone thinks maybe they should take profit, and some others know it could go up even more, so we let the sellers get out before we continue higher.

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Quote from: DOH! on January 24, 2023, 09:49:50 AM

Now, I think the market is starting a new cycle. I mean the market is in a recovery state - staying motivated and creating great potential for a bull run. The timing and process is very similar to 2019, the more optimistic signals have returned to bitcoin itself - the only strong driver for the market to break out of the bear phase.

The market has started a momentum, how long this momentum will last remains to be seen. As the market has suddenly pumped up, there could be a major correction here. The market may decide within a few days whether Bitcoin is completely out of the bear phase.

Bitcoin is still at strong resistance and there is a possibility of a bear trap. But for long term investors like me in Bitcoin, this short term change doesn't matter.

boltz

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I don't think we are in a bull run and I don't even think the bull run is close. Why ? Well , even if we broke 22k range , there are still signs of a bear trap that could move the price down in any moment. Also , resistance at 23k seems kinda heavy and not a sign of backing up. However, if we broke 23k and 24k range , we are clearly towards the end of bear market and having a transition time towards a full bull run. We should also consider the fact that halv is still aprox 1 year away. Grin

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Quote from: OgNasty on January 25, 2023, 12:30:50 PM

While it feels like we are in the beginning stages of a bull run, it also feels like we made a pretty big move and now we’re seeing profit taking from the short term traders. No idea how long this will continue, but I think it’s pretty bullish if we hit $24K before falling back below $20K. At this point it’s a game to try and tire the leveraged longs out and build some more shorts before making the next big move.

Isn't that normal? I remember at least 2 other big bull runs, and I am not saying it will be the same and we will break ATH or anything like that, but in all those big bull runs we had short term traders taking profit, and then we moved on to make more profit.

I believe that we are going to end up making a profit anyway and it should be just a temporary hiccup for now. Not saying it will be huge, but just because we had a small drop doesn't mean we will go down and go back to bear market, I think bull will continue as soon as this commercial break is over. We have too many people who bought at low, so we need to wait a bit before they all sell out and bull resumes again after that.

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Quote from: Vaskiy on January 23, 2023, 04:25:04 PM

Quote from: Zilon on January 23, 2023, 10:25:59 AM

Quote from: yusrime on January 21, 2023, 08:41:46 AM

do kwon & sam bankman fried chope the market in 2022 Roll Eyes

Kwon did not chop the market in 2022 because while Luna started crashing until it got to $0.91 Cents the general crypto market was already having a major crash. But Sam Bankman Fried did chop the market. Bitcoin alone fell by more than 12% hitting a low that was last experienced in November 2020 after FTX collapsed. Kwon Luna responded to the market trend while Sam FTX affected the market.

Through some means the market movement is disturbed and the same is connected with the incidents that took place by that time. As mentioned, if the luna crash haven't happened we would've been sitting at the same position. Just on the collapse of FTX, the market suffered a downturn. Even if that hasn't happened we will be experiencing similar scenario.

The emergence of major cases in 2022, namely LUNA and FTX makes us always have to be vigilant and not save assets of large value to exchanges, and I'm sure investors are getting smarter in understanding the current market, and I'm sure that if there were cases like 2022 then there wouldn't be too big impact on the market because there is already preparation from investors.

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Quote from: yusrime on January 21, 2023, 07:10:55 AM

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

No we aren't yet.

I'm a believer of 4-year cycles because I've seen it happening already in 2014-2018 and in 2018-2022. Though there is no guarantee that it might happen again in the future, I always expect that the between the 2nd and 3rd year of the 4-year cycle will always be the year of the bulls.

I watched a video on Youtube regarding 4 market phases of crypto and here are the 4 market phases.
1. Accumulation - This is the time where early adopters and those who have guts to buy at the bottom are starting to buy and it usually happens after market bottoms.
2. Uptrend - Now the market is starting to move higher and forming an uptrend (this seems to be the phase where we at right now).
3. Distribution - Market will reach it's peak and then the sellers will start selling their holdings and taking profits.
4. Downtrend - After sellers selling their holdings, the market will go down and will form a downtrend movement.

This might not applicable to all of the market, but just by looking at the price movement of Bitcoin over the years, I guess that is what's happening on it.

mich

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Well if I am looking at my wallet then the answer is yes we are on a crypto 'bull run'. But I am still not convinced there will not be a sudden correction and all recent profits will be wiped away.
It is happened to much in the past we have all seen this. We think the bulls have come back out. Then all of sudden so fast that idea has changed and we are back to where we started before the run started. My answer is no not at this time but I remain Bullish.

Edwardard

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Quote from: OgNasty on January 25, 2023, 12:30:50 PM

No idea how long this will continue, but I think it’s pretty bullish if we hit $24K before falling back below $20K

You were right about 24k, we almost hit it today with the tesla's latest earnings report mentioning they didnot sell any bitcoin in Q4 2022.
Elon is such a joke, he used to make so bearish tweets about recession just about last month and now says he still holds everything. Btw, I feel we will get a correction along with the us markets on 1st feb. The rate hike data is crucial (the path to 20k begins from there?!)

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Quote from: Pejoh Asu on January 25, 2023, 11:52:12 PM

The prices have gone up by more than 50% compared to the beginning of this month, I'm sure 2023 will bring positive surprises and bad trends because bankrupt exchanges will be easy for investors to anticipate, they will choose top exchanges that have strong legality and reputation so as to make investors don't panic when problems occur like they did in 2022.

Hopefully, it will be as we hope, so we can get back to big profits again before the big bull run for bitcoin occurs. This upcoming altcoin season could trigger the price to go up very high because there is a prediction that bitcoin will also go up higher than the last ATH. But even if that doesn't happen this year, we can still hope it will happen before the halving so we can get a lot more bitcoin from selling altcoins first. But speaking of exchanges going bankrupt, it might not affect the price of bitcoins and altcoins in the market, so we shouldn't worry too much and stay calm.

Pejoh Asu

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The prices have gone up by more than 50% compared to the beginning of this month, I'm sure 2023 will bring positive surprises and bad trends because bankrupt exchanges will be easy for investors to anticipate, they will choose top exchanges that have strong legality and reputation so as to make investors don't panic when problems occur like they did in 2022.

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Quote from: OgNasty on January 25, 2023, 12:30:50 PM

While it feels like we are in the beginning stages of a bull run, it also feels like we made a pretty big move and now we’re seeing profit taking from the short term traders. No idea how long this will continue, but I think it’s pretty bullish if we hit $24K before falling back below $20K. At this point it’s a game to try and tire the leveraged longs out and build some more shorts before making the next big move.

Yeah. It was non-stop to this stage, not even pausing when we broke $20k (not to my memory anyway) and all this punching through the weeks in month 1. Makes a lot of sense that short termers would be salivating at 30% profits from December, so I wouldn't be surprised if we break that support again a couple of times before the next leg up.

There are no tired positions yet at this stage though I feel.

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