The new thing about bitcoin (which seems like we have one all the time) it used to go up and stay there than go down and stay there and keep doing those moves multiple times. For the past few times there has been some "move down, stay, move down some more, stay, than go up" as in there is two parts of going down or two parts of going up.
Like we were $4k for example and moved to around 9-10k first than reached a peak of $13.8k which was the second up. Than we went as low as $8.5k this time around, than went to $7.2kish at the lowest. So, instead of going down and waiting, it goes down and goes down again. I feel like it has used its down moments multiple times already, I feel like it won't go under $8k anymore maaaaybe a little, like $7.8k or so but I am sure that would be very quick and go back up.
Topic: Are You Concerned On Sudden Rise of Bitcoin? - page 3. (Read 953 times)
I don't think there is reason to be concerned. Yes, the rise was kind of sudden but not that big.and it seems that the rise will not continue at least not in such extend.
Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.
At least we are happy to see now Bitcoin price will remain at $9k range. I have been noticed this since this year started. When there's a suddenly dropped price it will stay longer but when it goes up to the higher level and back into the middle point. When there is a sudden raise up I am monitoring my profit. Once my profit was there I immediately cut it off and reinvest again. But if you are a long term holder, there's nothing to worry about the price.Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.
A sudden rise of bitcoin is not really felt of most of us. If you are a big investment that holding a huge amount of bitcoin, then a sudden rise is already a big deal. For me, I don't have that much of it so it will not affect my bitcoin value so it depends on how much bitcoin you have in your wallet.
For regular users, bitcoin price movement is not very important since buying or selling few dollars is not profitable at the opposite of big whales who move sometimes a huge amount...
I don't think there is reason to be concerned. Yes, the rise was kind of sudden but not that big.and it seems that the rise will not continue at least not in such extend.
Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.
At least we are happy to see now Bitcoin price will remain at $9k range. I have been noticed this since this year started. When there's a suddenly dropped price it will stay longer but when it goes up to the higher level and back into the middle point. When there is a sudden raise up I am monitoring my profit. Once my profit was there I immediately cut it off and reinvest again. But if you are a long term holder, there's nothing to worry about the price.Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.
That is your great way to earn a good profit, although i am a long term holder but sometimes i also used to get the profit when the price of bitcoin suddenly get into peak and when it comes back i invest in it again and sometimes use the profit for fulfilling my needs.
I don't think there is reason to be concerned. Yes, the rise was kind of sudden but not that big.and it seems that the rise will not continue at least not in such extend.
Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.
At least we are happy to see now Bitcoin price will remain at $9k range. I have been noticed this since this year started. When there's a suddenly dropped price it will stay longer but when it goes up to the higher level and back into the middle point. When there is a sudden raise up I am monitoring my profit. Once my profit was there I immediately cut it off and reinvest again. But if you are a long term holder, there's nothing to worry about the price. Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.
I don't think there is reason to be concerned. Yes, the rise was kind of sudden but not that big.and it seems that the rise will not continue at least not in such extend.
Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.
Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.
A sudden rise of bitcoin is not really felt of most of us. If you are a big investment that holding a huge amount of bitcoin, then a sudden rise is already a big deal. For me, I don't have that much of it so it will not affect my bitcoin value so it depends on how much bitcoin you have in your wallet.
Should not doubt bitcoin.
Just months ago we saw bitcoin took 13k USD one again and it took long at 12k USD which is somehow inspiring once again after the last ATH in 2017.
I am worried for sudden increase but there is history that could prove it should not just be at this number.
12k USD should be the bottom of it by now.
I don't believe other people who are thinking it will be back to 3k or less. That is just mere FUD. Do not fooled by them and suddenly sell your bitcoins.
Just HODL.
Just months ago we saw bitcoin took 13k USD one again and it took long at 12k USD which is somehow inspiring once again after the last ATH in 2017.
I am worried for sudden increase but there is history that could prove it should not just be at this number.
12k USD should be the bottom of it by now.
I don't believe other people who are thinking it will be back to 3k or less. That is just mere FUD. Do not fooled by them and suddenly sell your bitcoins.
Just HODL.
In as much it seems normal not to believe that the price of Bitcoin can go down to 3k, its also possible for the price to also go down like that too. And many things can be a contributor to it, especially when traders and investors panic sell and whale selling too. The question is if it will drop drastically like that or go gradually down like that.
It's also possible the 2019 rally was a short-lived, truncated fifth wave and we're entering a new bearish supercycle. That's xxxx123abcxxxx's alternative scenario: https://bitcointalksearch.org/topic/m.52880531
But he also said, bullish scenario preferred than bear marketThe Bullish Scenario (Preferred) suggests Wave-5 is still underway, and the bulls shall be treated to subdividing and extending waves headed for new all-time highs.
Yep, and I agree with him there, but he presents the bearish alternative case for a good reason: it's a very real possibility. It can't be ruled out until we see new yearly highs, at least.
The more people who believe another bubble is a sure thing, the more nervous I get.
We will be concern if the sudden rise is a bear trap, but days have gone and so far it it still holding and it looks like going to be sustainable at least in $9k range. So the concern would be if the price goes to $7400 again and then goes on another side way trading patterns.
So it's a sigh of relief for now and no need to be concern at this point. Maybe we could see another break out to $10k again next month. We are almost at the end of the year now, so I do hope at least a good 5 digit this year and see how it goes prior and after the much touted block halvening.
So it's a sigh of relief for now and no need to be concern at this point. Maybe we could see another break out to $10k again next month. We are almost at the end of the year now, so I do hope at least a good 5 digit this year and see how it goes prior and after the much touted block halvening.
Recently, bitcoin price punched back at $9100 based on my updated blockfolio. So then, another demand is coming over to recuperate the losses and again this will recover at a given percentage depending on each trading activities worldwide. Also for some coins whose been closely affiliated with bitcoin tradings, you'll observed a definite changes from time to time.
Should not doubt bitcoin.
Just months ago we saw bitcoin took 13k USD one again and it took long at 12k USD which is somehow inspiring once again after the last ATH in 2017.
I am worried for sudden increase but there is history that could prove it should not just be at this number.
12k USD should be the bottom of it by now.
I don't believe other people who are thinking it will be back to 3k or less. That is just mere FUD. Do not fooled by them and suddenly sell your bitcoins.
Just HODL.
Just months ago we saw bitcoin took 13k USD one again and it took long at 12k USD which is somehow inspiring once again after the last ATH in 2017.
I am worried for sudden increase but there is history that could prove it should not just be at this number.
12k USD should be the bottom of it by now.
I don't believe other people who are thinking it will be back to 3k or less. That is just mere FUD. Do not fooled by them and suddenly sell your bitcoins.
Just HODL.
Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.
Is my concern really valid in the face of this ongoing development?
Sudden pump and dump is usual thing in crypto because it's decentralized and the whales is in every exchanges. So if they make a move the market will shaking.
The speciality of crypto is the volatility and i think it won't make something bad for crypto because that's the nature of crypto. and after reaching the resistance on recent pump, the price looks like stable on 9k+ and i think it will ready to the next pump.
Just because it happened a couple times before doesn't mean it'll happen again.
It's possible the run to the $13,000s was a bull trap in a long term bear market that began in December 2017 and hasn't ended yet. That's sgbett's opinion: https://bitcointalksearch.org/topic/m.52818259
It's also possible the 2019 rally was a short-lived, truncated fifth wave and we're entering a new bearish supercycle. That's xxxx123abcxxxx's alternative scenario: https://bitcointalksearch.org/topic/m.52880531
It's possible the run to the $13,000s was a bull trap in a long term bear market that began in December 2017 and hasn't ended yet. That's sgbett's opinion: https://bitcointalksearch.org/topic/m.52818259
It's also possible the 2019 rally was a short-lived, truncated fifth wave and we're entering a new bearish supercycle. That's xxxx123abcxxxx's alternative scenario: https://bitcointalksearch.org/topic/m.52880531
Well, at least that is many people's expectations for bitcoin according to market cycle behavior that tends to repeat over again. There will be fluctuations but I doubt sgbett's opinion will come true, I would like to say in the next couple of months later; hey your prediction was wrong. Halving should be the main reason why bitcoin will not enter the "crypto winter", bear market has passed in the middle of 2019.
But he also said, bullish scenario preferred than bear market
The Bullish Scenario (Preferred) suggests Wave-5 is still underway, and the bulls shall be treated to subdividing and extending waves headed for new all-time highs.
--------
From an Elliott Wave perspective: A common wave relationship guides the price of the fifth wave to be equal to; or extend a Fibonacci 1.618 times; the length from the low of the first wave through to the high of third wave; projected from the low of the fourth wave. This provides a conservative target of the current bull market to conclude between $22,912 and $35,127, calculated using the BraveNewCoin (BLX) index
--------
From an Elliott Wave perspective: A common wave relationship guides the price of the fifth wave to be equal to; or extend a Fibonacci 1.618 times; the length from the low of the first wave through to the high of third wave; projected from the low of the fourth wave. This provides a conservative target of the current bull market to conclude between $22,912 and $35,127, calculated using the BraveNewCoin (BLX) index
Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.
Is my concern really valid in the face of this ongoing development?
Quite surprised because we have been longing for around 7k and lower. Though at the same time I am thinking of such abrupt changes made by Whales. As stated by bunch opinions after the market boom. On the other hand what got me is that China somehow involved in such changes. Not sure or may be it is by mere coincidence. Because I never knew China would've been somehow be a part of Crypto industry by a little.
https://www.coindesk.com/bitcoin-jumps-12-as-chinas-xi-embraces-blockchain-boosting-crypto-sentiment
It isn't surprising how they could influence the market trend as we all know that China has a huge number of crypto exchanges and market generators. The come back of China will giving hope for everyone that we no longer suffer huge declines but to expect a bullish market again.
A spring off the 200-day MA to new highs would be a very obvious bullish confirmation for classical technicians. Fakeout below and spring back above.....a classic shakeout!
I really don't think $6K is coming, though we can't close the book on it yet.
I really don't think $6K is coming, though we can't close the book on it yet.
Considering bitcoin has passed the bear market in May this year when it rises from $3k-$4K to $8K in June and be able to reach $13K in July. If we take a look at the big picture, whenever bitcoin enter a bull market, then it will stay in a bull market for the next two years to the next ATH like happened in 2012-2014 and 2015-2017.
Just because it happened a couple times before doesn't mean it'll happen again.
It's possible the run to the $13,000s was a bull trap in a long term bear market that began in December 2017 and hasn't ended yet. That's sgbett's opinion: https://bitcointalksearch.org/topic/m.52818259
It's also possible the 2019 rally was a short-lived, truncated fifth wave and we're entering a new bearish supercycle. That's xxxx123abcxxxx's alternative scenario: https://bitcointalksearch.org/topic/m.52880531
Maybe everything will be fine and we are just going through the bullish correction at the moment, another accumulation stage before continued bull run.
Either that or $6K is coming if we break the 100 Week Moving Average. Bouncing off the 200 Day MA is a good sign though!
I think either way very soon we will find out where price is heading.
Either that or $6K is coming if we break the 100 Week Moving Average. Bouncing off the 200 Day MA is a good sign though!
I think either way very soon we will find out where price is heading.
A spring off the 200-day MA to new highs would be a very obvious bullish confirmation for classical technicians. Fakeout below and spring back above.....a classic shakeout!
I really don't think $6K is coming, though we can't close the book on it yet.
Considering bitcoin has passed the bear market in May this year when it rises from $3k-$4K to $8K in June and be able to reach $13K in July. If we take a look at the big picture, whenever bitcoin enter a bull market, then it will stay in a bull market for the next two years to the next ATH like happened in 2012-2014 and 2015-2017. We're seeing bitcoin doing bounce attempt after far a little bit under $9K whether it can break above $9500 level, that's what I'm waiting for to add a long position.
Maybe everything will be fine and we are just going through the bullish correction at the moment, another accumulation stage before continued bull run.
Either that or $6K is coming if we break the 100 Week Moving Average. Bouncing off the 200 Day MA is a good sign though!
I think either way very soon we will find out where price is heading.
Either that or $6K is coming if we break the 100 Week Moving Average. Bouncing off the 200 Day MA is a good sign though!
I think either way very soon we will find out where price is heading.
A spring off the 200-day MA to new highs would be a very obvious bullish confirmation for classical technicians. Fakeout below and spring back above.....a classic shakeout!
I really don't think $6K is coming, though we can't close the book on it yet.
Maybe everything will be fine and we are just going through the bullish correction at the moment, another accumulation stage before continued bull run.
Either that or $6K is coming if we break the 100 Week Moving Average. Bouncing off the 200 Day MA is a good sign though!
I think either way very soon we will find out where price is heading.
Either that or $6K is coming if we break the 100 Week Moving Average. Bouncing off the 200 Day MA is a good sign though!
I think either way very soon we will find out where price is heading.
Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.
Is my concern really valid in the face of this ongoing development?
Quite surprised because we have been longing for around 7k and lower. Though at the same time I am thinking of such abrupt changes made by Whales. As stated by bunch opinions after the market boom. On the other hand what got me is that China somehow involved in such changes. Not sure or may be it is by mere coincidence. Because I never knew China would've been somehow be a part of Crypto industry by a little.
What is there to concern about the sudden growth, this is common with cryptocurrency. Months back too the similar form of growth happened with bitcoin pumping to reach a price above $13000. For each and everything we can't search for reason to relate to it. As the market has grown after unexpected drop to $7500 people look for something to relate with the growth. Here some feel it a manipulated growth while some mention it as a growth out of China's decision on blockchain. Whatsoever, the growth gives happiness.
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