Bitcoin Bull Run ‘Hasn’t Started’ - page 3.

legendary

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Bah! I've been hearing Schiff's name since about 2011 or so, when precious metals were skyrocketing. He's an idiotic permabull on metals, and that's never a rational position to take for any investment.

I don't know why volume was lower during this last big bitcoin movement, but I'm not reading too much into it. It could be that a lot more bitcoin is being locked up by stringent holders who aren't selling it. Schiff is skeptical of bitcoin, and I'm even more skeptical of Schiff and anything he says. I've long suspected that he only makes these statements in order to keep his name in the news--and it always works, too.

Quote from: superving on July 31, 2019, 06:36:55 PM

I believe the real bull run will start on the last quarter of this year and will carry through next year because of the halving of bitcoin. 50,000$ is the price i see by next year.

It already started when the price jumped from $3500 to whatever the high was in 2019. Right now bitcoin just seems to have stalled out somewhat, and I'm not complaining about that. I'm confident the next movement will be up, and $20k is likely the next stop. Not sure about $50k next year, though. That might be a little too much of a gain.

arpon11

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Quote from: erricducducan26 on July 30, 2019, 02:47:20 PM

Bitcoin proponents discarded fresh criticism from gold bug Peter Schiff this week after he suggested the cryptocurrency was losing popularity despite its price rise.

https://bitcoinist.com/bitcoin-bull-run-hasnt-started-says-analyst-after-new-peter-schiff-remarks/

This is a wide market and we are having different speculations from different self-made experts daily and I believe that Peter has just expressed his own thoughts concerning the market. Like others has said, "he is a skeptic" and as such he might be seeing bitcoin current state from that angle but those that have been in this market for long do know those that really predict bitcoin price through some technical and fundamental principles and setting! Someone speculates that bitcoin is going to gain over $300 today and that has happened and that is the type of speculations I do accept and not all those that predict based on emotions or selfishness.

iv4n

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Quote from: Oceat on August 01, 2019, 03:55:58 AM

Quote from: Natalim on August 01, 2019, 03:33:01 AM

Quote from: iv4n on August 01, 2019, 02:58:27 AM

Here you can see that after first halving price needed 369 days to ATH, after second havling price needed 526 days to new ATH. If trend continues we will wait more than 2 years after the halving to see new ATH, and I think it will.

There's no guarantee that the trend about halving will be followed, there are a lot of factors affecting the market already as it has existed many years and have gained a lot of investors. If the market can pump and dump, that means it can be manipulated and these manipulators can make their own trend if they want because they are in control. I partially believe on the data your shared but I fully disagree on the trend as a basis for a new ATH.

I agree with you since everything here in the crypto world is unpredictable even speculators having a hard time to guess the next move of the market. What we can do is just look at the current news and price and what will gonna happen next. Bitcoin halving will give a new ATH and i'm sure on that but i don't believe it will take a lot of time to actually see the next ATH.

I said "I think" that trend will continue, it`s just my opinion about future price movement. As there is no guarantees about future price movement you can`t say that ATH will come soon after the halving, anything can happen, so price can remain in 10-15 thousand dollars range for some time, even for entire year or more. Just will not reach new ATH just cause you believe in that.
Those manipulations you talk about are nothing new in the crypto world, same manipulators will hold the price where it is for some time, you will see.

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Quote from: hahahafr on July 31, 2019, 04:07:46 PM

The bull run of bitcoin will not set into pace this year and even if it does it would be at the end of the year, somewhere in December. But from what i have been reading i think we would see the bull run of bitcoin when we enter into 2020 where we would see another halving of Bitcoin block reward. The halving will surely bring about a rise in price of Bitcoin.

It seems to be in the opposite by now or the possibility that we can't see huge pumps by December. Yes, we are still low but still, a healthy market for me and even it will be at ease until the year-end, I've never wanted to complain.
Anyway, we all that speculations may wrong or right and apparently, we don't know what really happens next.

Oceat

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Quote from: Natalim on August 01, 2019, 03:33:01 AM

Quote from: iv4n on August 01, 2019, 02:58:27 AM

Here you can see that after first halving price needed 369 days to ATH, after second havling price needed 526 days to new ATH. If trend continues we will wait more than 2 years after the halving to see new ATH, and I think it will.

There's no guarantee that the trend about halving will be followed, there are a lot of factors affecting the market already as it has existed many years and have gained a lot of investors. If the market can pump and dump, that means it can be manipulated and these manipulators can make their own trend if they want because they are in control. I partially believe on the data your shared but I fully disagree on the trend as a basis for a new ATH.

I agree with you since everything here in the crypto world is unpredictable even speculators having a hard time to guess the next move of the market. What we can do is just look at the current news and price and what will gonna happen next. Bitcoin halving will give a new ATH and i'm sure on that but i don't believe it will take a lot of time to actually see the next ATH.

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Quote from: iv4n on August 01, 2019, 02:58:27 AM

Here you can see that after first halving price needed 369 days to ATH, after second havling price needed 526 days to new ATH. If trend continues we will wait more than 2 years after the halving to see new ATH, and I think it will.

There's no guarantee that the trend about halving will be followed, there are a lot of factors affecting the market already as it has existed many years and have gained a lot of investors. If the market can pump and dump, that means it can be manipulated and these manipulators can make their own trend if they want because they are in control. I partially believe on the data your shared but I fully disagree on the trend as a basis for a new ATH.

iv4n

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We had a nice bull run this year, from 4 to 13 thousand dollars. I don`t believe we will see the price of bitcoin over 15 thousand dollars this year, it would be nice to just get and stay there, that would be a good price to start next year with.
Bull run in a way that most of the people wish to see it will not happen this or next year. Right after halving there will be accumulation period that can last for months, even entire year. That was how it happens last two halvings, and that will happen again. Look at this:

Here you can see that after first halving price needed 369 days to ATH, after second havling price needed 526 days to new ATH. If trend continues we will wait more than 2 years after the halving to see new ATH, and I think it will.

superving

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Quote from: Payme21 on July 31, 2019, 04:04:37 PM

On the contrary, I think bitcoin has gained more popularity even though the bull run is yet to begin as a lot is expected in terms of value

I believe the real bull run will start on the last quarter of this year and will carry through next year because of the halving of bitcoin. 50,000$ is the price i see by next year.

sunsilk

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Quote from: jvdp on July 31, 2019, 02:04:51 PM

Quote from: sunsilk on July 30, 2019, 05:44:49 PM

What's new with Peter Schiff's commentary about bitcoin? he's a known skeptic and everything he say will always benefit him on what's the agenda he's up to.

Whether bitcoin price goes $20k rapidly, I think that he'll keep saying that's not convincing on him because he's a real skeptic. But if there's something that turn the tides and he's starting to praise it, I guess let's just expect that he has accumulated at this period.

Actually we don't need to bother about the peter's word for even it is sceptic also it will not bother Bitcoin price for any matter. 13 many peoples who cautiously giving negative feedback about the cryptocurrencies if you mind about them we will not increase our money at all.
Just close your eyes and go to invest on Bitcoin and hold it for long term. One day it will be helpful for you at anytime.

Though there are people that are still taking his opinion seriously because he's a known traditional investor and bitcoin is against to what he's holding. They think that his opinion is valuable and that really affects their decision.

For us, who are aware of things like this are pretty normal because we've seen a lot of personalities and people who always tell something against bitcoin. Most of us are already immune to these kinds of opinion but there are few that are worrying upon hearing such.

Panchum

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Quote from: erricducducan26 on July 30, 2019, 02:47:20 PM

Bitcoin proponents discarded fresh criticism from gold bug Peter Schiff this week after he suggested the cryptocurrency was losing popularity despite its price rise.

https://bitcoinist.com/bitcoin-bull-run-hasnt-started-says-analyst-after-new-peter-schiff-remarks/

Bitcoin Bullrun hasn't started but its a good sign that bitcoin is increasing even in just an hour or day but still we are waiting for cignal. I believe peopole will jusr l cgnal.

zviadits

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Why listen to the opinions of people who are against a bull run and generally against crypto? I dont care what Peter Schiff said lol. You have to analyze the market for its own and decide for yourself whether Bitcoin will grow and whether its popularity is growing.

hahahafr

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The bull run of bitcoin will not set into pace this year and even if it does it would be at the end of the year, somewhere in December. But from what i have been reading i think we would see the bull run of bitcoin when we enter into 2020 where we would see another halving of Bitcoin block reward. The halving will surely bring about a rise in price of Bitcoin.

Payme21

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On the contrary, I think bitcoin has gained more popularity even though the bull run is yet to begin as a lot is expected in terms of value

todiboa

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If you watch the news then you should know that famous people like to make loud statements based on the current market situation. For example, if the price of a Bitcoin falls for a week or more, then you will most likely find the opinions of "smarts" who are talking about the collapse of cryptocurrency, coming bearish market or loss of popularity to crypto among people. This is a fact and we can only observe
Just nevermind

Naida_BR

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Quote from: erricducducan26 on July 30, 2019, 02:47:20 PM

Bitcoin proponents discarded fresh criticism from gold bug Peter Schiff this week after he suggested the cryptocurrency was losing popularity despite its price rise.

https://bitcoinist.com/bitcoin-bull-run-hasnt-started-says-analyst-after-new-peter-schiff-remarks/

He has a point.
Bitcoin and cryptocurrencies in general are not a hot topic in the media, even if the price was increasing during the last months. it seems like people has lost confidence over the industry and when the price increases, it doesn't create any buzz.

joshy23

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Quote from: arbifahrozy on July 31, 2019, 09:22:29 AM

this is very inversely proportional to the present situation. we can see that the total marketcap has increased again, indicating that crypto's popularity is fine. his opinion is only propaganda to seek popularity. however, bitcoin is currently still stable.

With how the market is showing again we can say that it's only for publicity and not the reality inside the market bitcoin still on it's way to recover back, there's still investment inside and there's still supporters who's willing to take the risk having the chance to gained back much bigger, remember the drill when there's some fuds it's only indicating that big players are cooking something behind and will begin to bounced up again.

Slow death

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Quote from: erricducducan26 on July 30, 2019, 02:47:20 PM

Bitcoin proponents discarded fresh criticism from gold bug Peter Schiff this week after he suggested the cryptocurrency was losing popularity despite its price rise.

I don't understand why people keep wasting their time arguing with gold fanatics. One thing is to be an investor and investor investing where you know you will make a profit, he does not put feelings, but being fanatic is something dangerous. Why the hell can't one invest in both? Is there a problem investing in gold and bitcoin together? I don't understand these fanatics

boris2470

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Why did Peter Schiff decide that people are losing interest in crypto? I think that over the past 3 years, the popularity of Bitcoin became huge. If I’m not mistaken, then a few months ago, Google published the news that the number of "Bitcoin" requests in Google reached a new record. How can Peter Schiff say the opposite if there are such facts?

jvdp

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Quote from: sunsilk on July 30, 2019, 05:44:49 PM

What's new with Peter Schiff's commentary about bitcoin? he's a known skeptic and everything he say will always benefit him on what's the agenda he's up to.

Whether bitcoin price goes $20k rapidly, I think that he'll keep saying that's not convincing on him because he's a real skeptic. But if there's something that turn the tides and he's starting to praise it, I guess let's just expect that he has accumulated at this period.

Actually we don't need to bother about the peter's word for even it is sceptic also it will not bother Bitcoin price for any matter. 13 many peoples who cautiously giving negative feedback about the cryptocurrencies if you mind about them we will not increase our money at all.
Just close your eyes and go to invest on Bitcoin and hold it for long term. One day it will be helpful for you at anytime.

The Cryptovator

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I don't believe that crypto-currency is losing its popularity. Price up down it's just nature of crypto-currency. This isn't enough reason to loss popularity. However, I am not getting point why we should think that bitcoin isn't on bull run? It was dropped $3K and lately it was touched $13K. So why we can't say that bitcoin isn't on bull run? At least we are not on bear mode.

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