Topic: Bitcoin Bull Run ‘Hasn’t Started’ - page 2. (Read 6132 times)

Let's say the ATH is $20,000, and therefore we only need $12,000 to see a bull run, I guess we already achieved that this year as we even reached $13K this year, but there was no bull run, in fact it only resulted bitcoin to fall back even below $10,000.

You know what, you can't say as you can't guarantee anything in this unpredictable market.

Maybe if everything will be set successfully we will experience a true bull run. Unlike previous months passed, it was just frustrations for all who've waited for so long. Many expected great but failed along the way, and it seems other new comers quit with crypto because of those unexpected situations that provokes them.

Why wait for the bull run when at current price movement of Bitcoin, you can earn more than waiting for the bullrun again. A friend of mine who works in a bank as a teller gave me $100 and I bought 0.01 BTC at that time at exchange rate of $9,905 and now BTC price is $11,700, she was so surprised that her money grew 18% in just a matter of days and I haven't traded yet, I just bought BTC and hold, what more if I buy Alts and trade and hit a goal of 2% per day.

We need not to resource data as proof of popularity here, what's important is we've been experiencing progressive rise of bitcoin. Just respect what this guy said, and that's his prerogatives. Although it sounded strange but for me Bitcoin still beaten Gold's price recently along with popularity increase.

I bet 2020 will likely the start of the massive bull-run, specially after the block halving. History tells us that after a month or two after the halving, the price slowly rises and then will run up to the end of the year. So I'm hoping to see the same scenario again in 2020 to be able to maximise profits. So this could be a good time to accumulate and just hold and wait for the eventual bull run we wanted to see in 2020.

For now i think it is still on accumuting phase. Because we can see bitcoin price keep stable but increased slowly. Maybe we can see progress in the end of 2019 or maybe when 2020 halving come. Usually bitcoin price get hyped before it so we need or maybe wait until before halving event come. And then take profit on that time. If me usually i am wait for price that still hyped because if we late price can dumped very fast not like when it is pumped.

'known sceptic'

I know Peter Schiff's stance  well and he is dead set against crypto, he is more then skeptical more like he believes BTC to be of zero worth.    He has no understanding of how this virtual item could serve any utility or hold any value long term.   If you asked him if it was Ponzi scheme, a complete fiction I believe he would answer almost in complete agreement with that.
      If you want a more balanced view or something close to a sceptic view then listen to Jim Rickards who will acknowledge Bitcoin is money.  He will also lay out the history of money which included money used via tokens such as feathers or sea shells, some of these systems held for hundreds of years.   The point being the exchange and economy between people is what is important to value and the worth of money.  

When we have a political system which undermines many people and their daily work with the money they are paid, many alternatives are possible.  If you think you are hard done by and you live in one of the top ten richest countries in the world even if you are poor then stop and think of the billions who live in 2nd or 3rd world countries and nowhere close to the source of dollar printing.  These people are crying out for an alternative to FIAT and Bitcoin is useful to them and is not zero worth.   Its hard to know this when rich and close to politics or able to vote in a rich western country.


Yep sounds like a sensible view to me.   Also we have a reaction to a loss of a dream scenario, so the realisation we arent getting a new high has some then sell.   If some sell it depresses the price for a while maybe months.  This is a normal cycle in markets, halvening is a development not an event so much.  It'll take time, eventually you get a rise a proper push more then speculation.

I think peter may not really saying the truth in his heart! The truth is bitcoin and cryptocurrency is increasing in popularity daily and it will help him if he can get data from google of how many people looked for information about bitcoin compared to gold on a daily base!

I think it is even now that bitcoin is gaining more popularity than it has even gotten in the past, you cannot compare the level of people’s exposure to bitcoin this time to what the exposure was like in 2017 even when we started the bull run. There were even little or no country then paying much attention to bitcoin but rather criticizing it, but look at now, we can at least count over 10 countries now that has fully supported the use of bitcoin and some have even started to regulate it.

We cannot stop people from having regrets, and the same regret some people still have till now when they got to know about bitcoin in 2010 and never invested is the same regret they will have in future when bitcoin because like 1 million dollars and then 1 satoshi becomes 1 dollar later on.

That will happen soon, don't worry about that. Bitcoin price can go to the previous ATH in the future, and I think we will see that price in this year or the next year. The price now is up and down in the current price, and soon, it will start to increase high but remember, the correction will happen when bitcoin price already reaches the highest price.

Bitcoin's price need to be at least 60% of its previous ATH to be in a bull run.

People are buying bitcoin because of halving and many people are selling their altcoins to buy bitcoin. it reminds me of this sentence:


I agree

The bull run in bitcoin is expected to happen after the halving, we have seen a tremendous recovery in price after the last bear run and it is recovering really well and if the price is hovering over $10k with the halving set to happen in 2020 it is a great recovery from the bottom we had last year. In bitcoin terms a bull run means that we will see the price breaking many resistance level and taking the price to an all time high valuation before a correction, lets see how the market will react after the halving  .

Most definitely the high price we are looking for will be seen by the end of the year.
Bitcoin is not slowing down, it's still recovering and in fact in just a few days we are back at $12K now, and just like it's previous price trends, Bitcoin makes a new high after recovering from every big correction and I feel this time time we will be heading over $13K which is the high this year.

People will see how strong bitcoin grows in this year, and that will make them open their eyes to follows them to invest in bitcoin. Bitcoin will not lose popularity even it will get more popular in the future. People who lose their belief in bitcoin will regret by selling their bitcoin too early, and that will make them hard to buy bitcoin again because bitcoin price will at a higher price than now. We need to be more patient to wait for bitcoin price can be back to the higher price.

He is out of his mind, the price is increasing and bitcoin recovered, so that's the opposite of losing popularity.
In the entire crypto market, the popularity of bitcoin has been increasing as evidence by the increase of dominant rate and as bitcoin continues to be useful on a day to day basis, more and more business are slowly adopting to the crypto space, and all of them knows bitcoin and maybe have invested with bitcoin as well.

I am not sure how bitcoin will loose its popularity when it is a new market and majority of the people are aware about the new market simply because of its price movement, if you look at the entire financial market you will not find a better performing asset than bitcoin in the past six to eight years and if any cannot see the niche here then no one can help them, any person who invested money in any financial asset has to know about bitcoin even if they have not invested in it.

You know that most people will say what they have in the head based on their own level of understanding, the fact that bitcoin has not witnessed more increase like it did in 2017 does not mean it is losing popularity. First question, was the position of bitcoin in that 2017 the actually natural position or an artificially made one.

In 2017, we all know that the same way scammers saw an opportunity to scam with the system was the same way the whales saw that there was an opportunity for them to be able to manipulate the market which they did in 2017 and created artificial fomo that made the volume increased, but after learning the activities of whales, they have learnt not to fall for it again

Great illustration, now because of this I think the market price of bitcoin will not increase that much after the halving well we will see this one. We know the hype this year are better compare to first and last halving, so the days of waiting to make a new ATH might be lessen. All the best for bitcoin, nothing to worry about in long term price of bitcoin it will grow.

not totally everything because there are those stable coins that dont fluctuate too much  . they are predictable   .  specualtors on the other hand should not try hard because they still cant guess the movement of the coins accurately  . speculating or predicting should not be taken seriously  .

thats not easy as it seems . news and price wont dictate the next flow of the cryptos  .

if thats true then you should confidently say that the ath will happen next year because i heard that the halving will start on 2020 .