BITCOIN BULLISH? ON CME BITCOIN EXPIRATION - page 2.

El duderino_

legendary

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BTC + Crossfit, living life.

Quote from: BitHodler on August 28, 2018, 04:40:33 AM

Quote from: arpon11 on August 28, 2018, 04:26:06 AM

Maybe this time the bull run will last long like the way it is last year and we are to buy now that we can still get it cheap.

Don't get excited already. We definitely won't be going through another bull run this year, and it's time for people here to understand that for once. Just be happy that we're still above the $6000 mark.

Quote from: arpon11 on August 28, 2018, 04:26:06 AM

I find out that for some months now only the margin trader were the one making money from this market and the day traders but investors has been losing.

No one is losing as long as people don't sell their coins. If you're solely an investor for the long term, you just have to accept that it's not your time right now. Last year was your time and traders had to step back for a good while.

It was near impossible to sell the top last year. It went from below $1000 all the way to $19,500 and I can remember that so many people sold $6000, $7000, $8000 (and so on) but found themselves in the wrong position.

Last year people didn't know where to sell the top and this year they don't know where to buy the bottom.

for long term hodlers this are all bottoms..... if you buy 6k or 5k or 3k what is the diffrence if you go for + 50-60 -100k and keep a few for even longer Roll Eyes

every discount from here looks good to buy

hugeblack

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Quote from: Pursuer on August 28, 2018, 01:57:50 AM

if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.

This time the rise is different from what happened at the end of last month.
It was a significant gain in a short period due to expectations of ETF's acceptance.
Now the increase is slow moving, so it is unlikely because an external influence but rather to create a new stability point of demand and supply

BitcoinNewbie15

sr. member

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Bitcoin isn't a bubble. It's the pin!

Quote from: Kemarit on August 28, 2018, 11:37:48 AM

I was out for 3 days and get back to see the price above $7000? What the hell is going on?

Oh well perhaps its just coincide with Tether printing again?

https://cryptoslate.com/bitcoin-rallies-above-6900-tether-fires-up-the-printers/

I don't know about CME bitcoin expiration though, usually the market goes down prior to any bitcoin futures expirations (correct me If I'm wrong).

So let's see how this whole "pump" will turn out in the next couple of days. Clearly some manipulation behind but we just need to ride those wave guys.

I'm thinking we have found the bottom for sure. I was certain that the most recent drop to below $6k would signal that we were heading into a crypto winter, but now that we are above $7k again I think its safe to say that was the bottom. If anything, I think we may head back to $6.5k after the futures expire (you are correct, market usually dumps after) but not much lower than that IMO. We could be on the path to a slow and steady rise back to $15k over the next year or two, and then a massive pump after the halving in 2020.

DMCR lah

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I think bitcoin prices will reach 7500 this month, but I'm not sure the price of bitcoin will continue to increase next month. I'm sure many people are still hesitant to hold.

Kemarit

legendary

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I was out for 3 days and get back to see the price above $7000? What the hell is going on?

Oh well perhaps its just coincide with Tether printing again?

https://cryptoslate.com/bitcoin-rallies-above-6900-tether-fires-up-the-printers/

I don't know about CME bitcoin expiration though, usually the market goes down prior to any bitcoin futures expirations (correct me If I'm wrong).

So let's see how this whole "pump" will turn out in the next couple of days. Clearly some manipulation behind but we just need to ride those wave guys.

justspare

hero member

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Merit: 538

Quote from: stellaekun on August 27, 2018, 08:32:56 PM

[im g]https://i.imgur.com/OudLVoi.jpg[/img]

Here is an interesting tweet https://twitter.com/CoinDeskMarkets/status/1034223298970701825 on a possible bitcoin bullish return as bitcoin future on CME , we have already seem significant price movements in the last couple of days, what are your take on this? Opinion.

As always, whales who try to make money off this made their money already, now they are once again increasing the price by buying bitcoin a bit, than when this expires they will get a new one and they they will just sell their bitcoins causing a drop in the price and panic into people which will result with even lower and they will once again be in profit thanks to price dropping and they having the next short futures on cme market. This has been going for a long time now, we need to get rid of the short futures of cme in order to actually get bitcoin go up, before we get rid of this "short" option, we will never really take off because they won't allow us to do so, they are whales, they will use a lot more force than regular people can on dropping the price.

BitHodler

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Quote from: arpon11 on August 28, 2018, 04:26:06 AM

Maybe this time the bull run will last long like the way it is last year and we are to buy now that we can still get it cheap.

Don't get excited already. We definitely won't be going through another bull run this year, and it's time for people here to understand that for once. Just be happy that we're still above the $6000 mark.

Quote from: arpon11 on August 28, 2018, 04:26:06 AM

I find out that for some months now only the margin trader were the one making money from this market and the day traders but investors has been losing.

No one is losing as long as people don't sell their coins. If you're solely an investor for the long term, you just have to accept that it's not your time right now. Last year was your time and traders had to step back for a good while.

It was near impossible to sell the top last year. It went from below $1000 all the way to $19,500 and I can remember that so many people sold $6000, $7000, $8000 (and so on) but found themselves in the wrong position.

Last year people didn't know where to sell the top and this year they don't know where to buy the bottom.

arpon11

sr. member

Activity: 882

Merit: 282

Maybe this time the bull run will last long like the way it is last year and we are to buy now that we can still get it cheap. I find out that for some months now only the margin trader were the one making money from this market and the day traders but investors has been losing.

rodalutor

full member

Activity: 364

Merit: 105

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

We've already moved to 8k in the last 6 weeks and then fallen back down to 6k so I don't think any movement below that 8k level is really too strong an indicator of a bullish movement. It's promising the price has moved onwards to near 7k but it would be no shock to see it dip back down again to 6k in the coming days. There is always some movement on futures expiration and then we go back to low volume and low volatility until the next round of manipulation.

Pursuer

legendary

Activity: 1638

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Where is my ring of blades...

if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.

stellaekun

newbie

Activity: 234

Merit: 0

https://i.imgur.com/OudLVoi.jpg

Here is an interesting tweet https://twitter.com/CoinDeskMarkets/status/1034223298970701825 on a possible bitcoin bullish return as bitcoin future on CME , we have already seem significant price movements in the last couple of days, what are your take on this? Opinion.

Topic: BITCOIN BULLISH? ON CME BITCOIN EXPIRATION - page 2. (Read 381 times)