Topic: Are you bullish or bearish this year? - page 2. (Read 1283 times)
I am 100% bullish on this year, this is looking like one of those prime periods when bitcoin could actually break the ATH again and it will not really be a shock to anyone neither. Let's be honest the price is at around 49k right now, we need only a 30% increase in order to break the ATH price and that is really something special, that is something unheard of, and that is why I think it is quite amazing to think about, because I believe that we are going to definitely do a 30% increase, it is nearly a child's play to go up 30% in few months for bitcoin, it could do that in a week, we just had a 60%+ increase in bitcoin in the past 2-3 weeks, we were at around 28k and now we are at 49k, that should tell you how insanely easy for bitcoin to go up that much. I am not saying it WILL do that, all I am saying is if it wants to, it is easier than anyone ever imagines.
I have an experience of almost a decade in cryptocurrency sector and I would say from my experience that the outlook is extremely bullish for crypto. The prohibition of mining ban in China was the most repressive governmental action that the cryptocurrency sector witnessed during it's existence. And we survived it. And better still, now a large part of the mining activity has moved away from China. So overall, this step resulted in more benefits rather than harm. The adoption and acceptability is increasing at a steady pace, not impacted by any of these measures. So the exchange rates should move upwards in the near future.
I'm definitely bearish in this year. And it is really hard to be bullish in a market like this now. The market is all green. And Bitcoin price still continues to increase. I first thought that it would be a good rally and it'd end after some time. But Bitcoin price is still continuing to climb. It is nearly $50k. There is not much left for a new ATH actually. But maybe the price can stop climbing after reaching a level around $55k. But before the end of this year, I'm feeling confident about seeing a huge record from Bitcoin.
The majority of the members here voted that we are in a bullish year and many are optimistic that we are going to end the year with a new all-time high, so many new trending coins are now in the market like the NFT and DeFi and this is enough to keep the money coming in the market, if we are good this year we can be better next year.
My fear existed during when it was near 30k and if it had broken those levels and kept falling then it would hit the new lows. But since it bounced back from those levels and as soon as crossed 40k, I became bullish and now view is is that it we will first have a new ATH again in coming time and might even close above 70k approx for the year end.
We never know until it happened, Whales for sure wants to grab more profits, if there's an artificial movement
we can't deny that they are capable doing it. Sad for those fomos who lose their money when whales shake the
market. That huge fall that really shaken most of the traders, fear inside from newcomers and lazy investors who
sell their assets during that time.
I do believe that whales do not specifically want to make bitcoin higher, I think they want to make money but they are fine making it anyway they want. I mean there are people who short bitcoin as well and they could be whales so they could just buy 150x leverage before they dump a bunch of bitcoin and make more profit that way, which they can then buy cheaper and wait until it goes up.we can't deny that they are capable doing it. Sad for those fomos who lose their money when whales shake the
market. That huge fall that really shaken most of the traders, fear inside from newcomers and lazy investors who
sell their assets during that time.
One theory suggest that this is exactly what whales do, they wait for us to get as much as we can, then they crash by dumping but also profit from it with high leverages, then they buy it back from the lower levels and keep repeating that every time the price goes up. Long story short I believe we are in a bull run and I believe we will go up, but I also believe that it is not going to be because of what the whales want, I believe it will be like that because we want it.
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the market making a new record of capitalization does not justify anything but the level of demand and supply is what matters. However, I expect the market to be bullish and dump sometime till October before correction happens that's if the market still replicates the old halving trend.
I think the correction already happened, Bitcoin pump to a new ATH of $64k and then it dumped to $28k, I guess it's already a big correction that the market has to suffer. Now that the market is bullish, we don't expect it to dump below $30k again, at least for a while as we never know what lies ahead.
When the market is bullish (both altcoins and bitcoin), it's hard to predict as there's no ceiling.
Most of the time we have a huge rally in the 4th quarter, let's wait how the market behaving that time because for now, we are purely making speculation which is either right or wrong. Well, I hope we got a good surprise, even though we aren't reaching back to $60k at least we sustain the bullish price for how many months.
@Hypnosis00. With the Bitcoin market full of surprises, I believe the best thing to do is to be prepared for whatever happens but I was expecting the huge rally to happen before the huge correction.
With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.
Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?
I have watched all the drama of bitcoin markets in 2017 bull run hence the recent dump from $64k levels was not bothering me much. Hence I remained optimistic this year to test $100k in coming months. As of now, market is struggling to break the resistance levels around $50k levels and once it gets broken then we can see market to be trading near ATH (I am sure about small FOMO which will take market from $50k to $64k very easily).Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?
After halving, the following year is well known for stronger bull run hence being positive about getting 10x growth will help any bitcoiner to make easy profits by making use of all available dips. I hope many of us might have bought more when prices available below $30k for very few sessions alone.
With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.
Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?
Share your thoughts and what's your basis, it will help everyone to decide.
It is not fair asking this question after the middle of the year lol, People had already saw the highest price Bitcoin ever had so obviously majority of voters are bullish.Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?
Share your thoughts and what's your basis, it will help everyone to decide.
but if you had given this in january ? i think there are changes in each stand as the value of bitcoin may turn another way from the last year pump.
i also voted for bullish because i still have coins bought in december meaning still on good growth though i missed the chance selling back last 64k value.
At first I was Bullish but am now turning bearish this year. The market had such a good run with the Trump administration.
Also, the corona virus lockdowns attracted many new retail traders to jump into the market and many stocks are significantly overvalued.
I suspect the market will have a correction in the coming year.
Covid is just one of the reasons that positively affects the market, but the problem is that the world's central banks continue to print money massively, making people feel disrespected. and it is a sign that sovereignty and democracy are gradually being degraded and controlled, and the government has given up on it. It was the last drop of water that opened the optimistic trend of the market throughout many years. The crypto rally is just getting started and we should see more ATH levels continue to move up this year. Also, the corona virus lockdowns attracted many new retail traders to jump into the market and many stocks are significantly overvalued.
I suspect the market will have a correction in the coming year.
I think we are in a bullish market dimension. it's not like 2017 where investors invest only based on hype without knowing what they are investing in, and when the price drops there is a huge panic among new investors which creates a long bear market. but now investors are smarter and understand the crypto market.
The bear market that took place after bitcoin hit ATH in 2017 had a pretty long run. The bear market lasted about 2 years and caused bitcoin to lose most of its price. Yesterday's bear market was quite short and bitcoin only lost 50% of its high price. after that the bitcoin price recovered and prepared to hit a much higher ATH. once the higher ATH is reached, I'm pretty sure a bear market like 2018 will happen again. 
The recent movement of bitcoin has shown good performance. The flagship child of this cryptocurrency seems to be in a positive trend.
so in my opinion, until the end of the year, crypto assets (bitcoins and altcoins) are predicted to still be bullish.
so in my opinion, until the end of the year, crypto assets (bitcoins and altcoins) are predicted to still be bullish.
Hard not to be bullish for this whole year, it doesnt have to keep doubling but just staying in the region of these highs is really positive overall in my reckoning. Continuing to navigate this range increases volume done and ultimately its a positive that very likely builds if not this year then later on. For the moment I still dont think its about to move higher but just the idea it might is whats so bullish after it has already gained so much.
the market making a new record of capitalization does not justify anything but the level of demand and supply is what matters. However, I expect the market to be bullish and dump sometime till October before correction happens that's if the market still replicates the old halving trend.
I think the correction already happened, Bitcoin pump to a new ATH of $64k and then it dumped to $28k, I guess it's already a big correction that the market has to suffer. Now that the market is bullish, we don't expect it to dump below $30k again, at least for a while as we never know what lies ahead.
When the market is bullish (both altcoins and bitcoin), it's hard to predict as there's no ceiling.
Most of the time we have a huge rally in the 4th quarter, let's wait how the market behaving that time because for now, we are purely making speculation which is either right or wrong. Well, I hope we got a good surprise, even though we aren't reaching back to $60k at least we sustain the bullish price for how many months.
the market making a new record of capitalization does not justify anything but the level of demand and supply is what matters. However, I expect the market to be bullish and dump sometime till October before correction happens that's if the market still replicates the old halving trend.
I think the correction already happened, Bitcoin pump to a new ATH of $64k and then it dumped to $28k, I guess it's already a big correction that the market has to suffer. Now that the market is bullish, we don't expect it to dump below $30k again, at least for a while as we never know what lies ahead.
When the market is bullish (both altcoins and bitcoin), it's hard to predict as there's no ceiling.
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Today also BTC despite the low price made a new record for market capitalization. This gives me some change of opinion that indeed we could be seeing a further growth until end of year.
Agreed. Different people, different mentalities. Bitcoin is up 15% and everyone says it will reach $100K. Bitcoin drops 10%, everyone says crypto winter is here. Our impatience is preventing us from realizing maximum gains. Almost everyone believes they are going to become millionaires with $500. It doesn't look like that at all. The BTC market requires patience, recently the market capitalization passed $2 Trillion, that's a positive sign. And as I said yesterday when BTC made a new market cap record, it is again making new records today and I am very sure this carries on well into the Monday for next week. If it can make 7 days in a row like this, the signs for a strong rally back to ATH and beyond cannot be ignored any longer.
Gold is still also making strong progress so it is good for competition;)
@leea-1334, the market making a new record of capitalization does not justify anything but the level of demand and supply is what matters. However, I expect the market to be bullish and dump sometime till October before correction happens that's if the market still replicates the old halving trend.
I also think that the current bitcoin price is still in a bull state, although previously the bitcoin price decreased slightly, but in the last 24 hours the bitcoin price continued to move up slowly, I think the current bitcoin price increase may be related to positive news from the cooperating coinbase with Mitsubishi UFJ Financial Group Inc to start an exchange in Japan.
Currently the price of Bitcoin is up more than 3,9% and is able to break through the $48,500 price level, if this continues of course we will likely see a price of $50,000 by the end of this month.
I have to say this is exactly what we needed in the crypto world, the price was getting only a bit down and not a lot but just as the drop happened everyone started to think that that last 48k was the only one we could afford and it was over.Currently the price of Bitcoin is up more than 3,9% and is able to break through the $48,500 price level, if this continues of course we will likely see a price of $50,000 by the end of this month.
I understand that not everyone is hyped about it this time around because they saw what happened afterwards with the huge fall and everyone is afraid that we are going to get another 50% drop and that is understandable, but it is not really that much of a big deal if you ask me, it is definitely something that we should learn to live with, there are downs as much as there are ups and that's about it. I have to say that this increase however is a golden one because not only it increased which makes people happy but it increased just as people started to lose hope so it gave people renewed hope about the future.
I think Bitcoin and altcoins are in a bull market cycle and will continue until the end of this year. But this rally seems different from the one at the end of last year. First, the all-time high has been definitively breached. Second, institutions are piling up, while the public is still largely on the sidelines. So time will tell if Bitcoin finally hits new ATH levels but previous events suggest the potential for a big move higher in the next few months.
I also think that the current bitcoin price is still in a bull state, although previously the bitcoin price decreased slightly, but in the last 24 hours the bitcoin price continued to move up slowly, I think the current bitcoin price increase may be related to positive news from the cooperating coinbase with Mitsubishi UFJ Financial Group Inc to start an exchange in Japan. Currently the price of Bitcoin is up more than 3,9% and is able to break through the $48,500 price level, if this continues of course we will likely see a price of $50,000 by the end of this month.
I think Bitcoin and altcoins are in a bull market cycle and will continue until the end of this year. But this rally seems different from the one at the end of last year. First, the all-time high has been definitively breached. Second, institutions are piling up, while the public is still largely on the sidelines. So time will tell if Bitcoin finally hits new ATH levels but previous events suggest the potential for a big move higher in the next few months.
Today also BTC despite the low price made a new record for market capitalization. This gives me some change of opinion that indeed we could be seeing a further growth until end of year.
Agreed. Different people, different mentalities. Bitcoin is up 15% and everyone says it will reach $100K. Bitcoin drops 10%, everyone says crypto winter is here. Our impatience is preventing us from realizing maximum gains. Almost everyone believes they are going to become millionaires with $500. It doesn't look like that at all. The BTC market requires patience, recently the market capitalization passed $2 Trillion, that's a positive sign. And as I said yesterday when BTC made a new market cap record, it is again making new records today and I am very sure this carries on well into the Monday for next week. If it can make 7 days in a row like this, the signs for a strong rally back to ATH and beyond cannot be ignored any longer.
Gold is still also making strong progress so it is good for competition;)
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