Bitcoin is bullish longterm - page 3.

Slow death

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Quote from: Ifemini on May 27, 2020, 02:32:33 AM

One of the core attributes of a good trader is to always take profits, come bull or bear.
The question is, are you always prepared to take profit ?

and here come another question:

- How far can Hold bring benefits?

- when is the right time to stop just hold and start making trade?

days ago the price was $8,800 and now it is $9,500, but at 4 weeks ago the price was $10,000. I think for people who are doing trade they may be making good profits, of course they will also be at risk of losing money

Quote from: vicoma on May 07, 2020, 06:57:09 PM

With the current move and trading around 10K, I have a confusion that the bull has taken over. Hope this momentum will be maintained after the halving has taken place?

many days have passed and we are at $9500 Cheesy

KnightElite

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Quote from: el kaka22 on May 29, 2020, 01:01:00 PM

It has always been bullish long term, bitcoin is a store of value currency, which means the more you hold it the more it should worth.

Of course, value and price are different things. Just to give an obvious example, let's say there is this ruby ring in your household for centuries, it is a family heirloom and normally worths about 2k at most, but since it was with your family for 300 years by estimate and never went out of your family, you would give it a bigger value, you would think it should worth 100k at least for you to give up something like that.

Now nobody would give it that much money because that sentimental value is not there for anyone else but you, but the regular price doesn't worth it for you neither because you have this extra meaning to you. That is where bitcoin is, the price could be 9k, but you think it should worth a lot more.

No! You're wrong mate! You should able be aware that prices moves in trend, bitcoin is not always bullish because we are recently in bearish where the price is like a staircase going down. We should not be a person who are hyping himself and telling that bitcoin is always in bullish trend. Anyway there are still a lot of traderd who cannot identify the trend of a certain cryptocurrency or any types of financial market.

We can simply use 100 EMA or the 100 exponential moving average because it is more weighted than the simple. As for my system it is a reliable indicator to identify a certain trend of a stock. The price is bullish if the price is above the 100 EMA, the price is bearish if the price is below the 100 EMA.

el kaka22

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It has always been bullish long term, bitcoin is a store of value currency, which means the more you hold it the more it should worth.

Of course, value and price are different things. Just to give an obvious example, let's say there is this ruby ring in your household for centuries, it is a family heirloom and normally worths about 2k at most, but since it was with your family for 300 years by estimate and never went out of your family, you would give it a bigger value, you would think it should worth 100k at least for you to give up something like that.

Now nobody would give it that much money because that sentimental value is not there for anyone else but you, but the regular price doesn't worth it for you neither because you have this extra meaning to you. That is where bitcoin is, the price could be 9k, but you think it should worth a lot more.

judaspriest

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C O M B O

Long-term for Bitcoin I'm still convinced that Bitcoin is in a Bullish state, my long-term target is at $ 30000 in 2021-2022,
after halving more opportunities to achieve this level, hope

Savemore

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Quote from: LogitechMouse on May 29, 2020, 06:55:59 AM

If we will follow and observe the long term movement of Bitcoin, it shows already that it is very bullish in the long term.

Even though we see some ups and downs of the price of Bitcoin, long term it remains bullish. It is expected already that there are ups and downs in the price of it. There are some instances where it will pump hard and then make a year of hell where it will be a year of consolidation like what happened in 2017 and 2018.

Right now base on the analysis, the 200 Daily MA is the strong support of Bitcoin. Going down below that line will lead to more downward movement. There is also a psychological support of Bitcoin at around 10,000$ and breaking that price and staying above it for a long time will lead to another rise.

If you will look at the daily chart, you can see that the trend is bullish because it recently breakout in 20MA which is considered as dynamic short term resistance. But if you will look in its weekly chart, you can see that the trend is in sideways and the price is resisiting in 50MA. If there will be crossover in 20 and 50 MA in weekly chart then we can confirm that the trend is already bullish again and we can expect massive rally in upcoming days or weeks.

LogitechMouse

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If we will follow and observe the long term movement of Bitcoin, it shows already that it is very bullish in the long term.

Even though we see some ups and downs of the price of Bitcoin, long term it remains bullish. It is expected already that there are ups and downs in the price of it. There are some instances where it will pump hard and then make a year of hell where it will be a year of consolidation like what happened in 2017 and 2018.

Right now base on the analysis, the 200 Daily MA is the strong support of Bitcoin. Going down below that line will lead to more downward movement. There is also a psychological support of Bitcoin at around 10,000$ and breaking that price and staying above it for a long time will lead to another rise.

okala

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I do agree with you. As far as bitcoin remains strong above 200ma of a daily chart is in strong bullish on the long term. Bitcoin has made some gain since yesterday and it seem it might test $10,000 again.

STT

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Long term is 2021 and 2022 and beyond and thats beyond the horizon for most peoples perspective but I agree on that basis that we really do look over many years rather then just this year or these months rolling past. We can fall in price for the rest of the year and because BTC is volatile we might even half in price but its still the case for Bitcoin is quite bullish so long as its protocol stays true and a useful tool.
Iam bullish on bitcoin but I dont think its a blind journey or certain destination, its going to have to prove itself and be sorely tested and even then competition will always be there so its already surprising nobody came up with a major alternative that proves more successful in all this time. Overall we likely need crypto for many years forward but theres work behind proving that capacity so I do wonder whats the detail we are missing behind the price.

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Quote from: Lorokan on May 06, 2020, 09:15:04 AM

I don't know why alot of people seem to worry so much about bitcoin investment, either the halving happens today or tomorrow, bitcoin is bullish on the longterm.

This might be true but you can't tell the future that's why you have to deal with what is the trend. If everyone only HODL for a long term I don't think the price would pump up like it should these days. You can't just HODL and wait for it to pump for half a decade because for me, that's completely boring. That's why it's important to do our own research first before we invest because it is not worth it to invest if you don't understand what are you investing.

Pamadar

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Quote from: jhonjhon on May 27, 2020, 05:21:59 PM

Quote from: Lorokan on May 06, 2020, 09:15:04 AM

I don't know why alot of people seem to worry so much about bitcoin investment, either the halving happens today or tomorrow, bitcoin is bullish on the longterm.

That is the thing you CAN"T assured of. So much volatility happening around in crypto and in that particular matter, it holds the trust for very investors to think that Bitcoin will surely be rallying back high as what happens last 2017. The assurance couldn't be clear enough, that is why long-term investment is not a good idea for me.

It's difficult to assume if it's not backed up of good research, before investing in it's a must to do your own study, understanding the flow and what those things that influence the movements will save you not to quickly decide but to observe and analyze much further.

leyton11

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Quote from: cabron on May 06, 2020, 10:36:48 AM

Disappointments are always there. I'm also thinking that prices will also drop after halving and then panic will happen and a gradual increase every week will resume. Just my speculation, it will drop to $6-7k again. I can say that the rise of BTC today could just be a bull trap.

exactly. Whales are now always looking for ways to kill inexperienced traders. they kicked bitcoin's price down a bit but pushed it up right away. it only takes 3-5 times to do so, it has led many people to buy bitcoin at this price range. My short-term prediction is still down sharply. We should wait patiently for the price of bitcoin to fall.

jhonjhon

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Quote from: Lorokan on May 06, 2020, 09:15:04 AM

I don't know why alot of people seem to worry so much about bitcoin investment, either the halving happens today or tomorrow, bitcoin is bullish on the longterm.

That is the thing you CAN"T assured of. So much volatility happening around in crypto and in that particular matter, it holds the trust for very investors to think that Bitcoin will surely be rallying back high as what happens last 2017. The assurance couldn't be clear enough, that is why long-term investment is not a good idea for me.

JimboToronto

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Quote from: beerlover on May 27, 2020, 02:08:39 PM

I totally agree that it is not the best profitable thing to just buy and hold, after all there is more money to be made by volatility than stable income. However you are forgetting that not everyone can make that much money that quickly, they are not traders and that is why they could also lose a lot more money as well.

The difference between trying to make more profit with trading versus trying to make some money with long term holding is the simple fact that when you are holding you will eventually profit and that is the end of it, but when you are trading you could end up losing money. So, one has a potential to make a lot more profit, but also has a potential to lose money as well, while the other one has very little chance to lose money but also has huge chance to make little profit.

Trading is basically gambling and like most forms of gambling, the only winner long-term is the house. The individual retail punters will break even against each other but it's the vigorish that keeps the casino, racetrack, bookie, or lottery corporation in business, while eventually making losers of everyone else.

In the case of Bitcoin, it's the exchanges and money transfer services (or ATM operators) who take the profits. The only way to avoid this is to mine your coins or buy them OTC without fees, and spend them or sell them also OTC without fees.

Buying and selling coins according to their current price (trading) is nearly impossible without paying fees regularly. This is why long-term holding is so much more profitable than retail trading.

Professionals with sufficient resources to manipulate the market are a whole different story. If you can afford to lose a few million dollars (by dumping a load of coins) to crash the price and make much more on heavily leveraged shorts at other exchanges, of course there's money to be made. Obviously that money has to come from somewhere. Well hello small-fry traders!

Trading is for suckers.

carter34

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Quote from: beerlover on May 27, 2020, 02:08:39 PM

I totally agree that it is not the best profitable thing to just buy and hold, after all there is more money to be made by volatility than stable income. However you are forgetting that not everyone can make that much money that quickly, they are not traders and that is why they could also lose a lot more money as well.

The difference between trying to make more profit with trading versus trying to make some money with long term holding is the simple fact that when you are holding you will eventually profit and that is the end of it, but when you are trading you could end up losing money. So, one has a potential to make a lot more profit, but also has a potential to lose money as well, while the other one has very little chance to lose money but also has huge chance to make little profit.

You lose money in trade more when you don't understand it. Hodling coin isn't the way to make profit as dump comes faster than you see Grin

. Sometimes, you don't have the chance to log in before a drop hits your coin probably because a major dump has happened in another exchange. But trading is better because you set all your orders and wait, losses and profit are all ready. It is faster to make money with coin while trading it.

beerlover

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I totally agree that it is not the best profitable thing to just buy and hold, after all there is more money to be made by volatility than stable income. However you are forgetting that not everyone can make that much money that quickly, they are not traders and that is why they could also lose a lot more money as well.

The difference between trying to make more profit with trading versus trying to make some money with long term holding is the simple fact that when you are holding you will eventually profit and that is the end of it, but when you are trading you could end up losing money. So, one has a potential to make a lot more profit, but also has a potential to lose money as well, while the other one has very little chance to lose money but also has huge chance to make little profit.

Ifemini

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Quote from: Lorokan on May 06, 2020, 09:15:04 AM

I have a feeling that people buying bitcoin just because of the halving are going to be a little disappointed.

The market has a way of doing the entire opposite of what majority expects and this is because we refuse to answer of what happens when everyone buys the bottom.

I don't know why alot of people seem to worry so much about bitcoin investment, either the halving happens today or tomorrow, bitcoin is bullish on the longterm.

Do your own research and expect tge market to change its game.

Is bitcoin bullish long term? Yes
does that mean you can just wait and do nothing? Yes
but is it the best or profitable ? I dont think so.

One of the core attributes of a good trader is to always take profits, come bull or bear.
The question is, are you always prepared to take profit ?

vicoma

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With the current move and trading around 10K, I have a confusion that the bull has taken over. Hope this momentum will be maintained after the halving has taken place?

Yaunfitda

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Quote from: Lorokan on May 06, 2020, 09:15:04 AM

I have a feeling that people buying bitcoin just because of the halving are going to be a little disappointed.

In every investment, there will be always people that's going to be disappointed specially if it didn't met their expectations. And maybe they will be on a rude awakening once bitcoin goes on another all time high.

Quote from: Lorokan on May 06, 2020, 09:15:04 AM

The market has a way of doing the entire opposite of what majority expects and this is because we refuse to answer of what happens when everyone buys the bottom.

I don't know why alot of people seem to worry so much about bitcoin investment, either the halving happens today or tomorrow, bitcoin is bullish on the longterm.

Do your own research and expect tge market to change its game.

Looking at yearly charts, definitely, bitcoin is very bullish long term. But there are investors who frustrated, sell their bitcoin and doesn't want to look at the bigger picture.

Kelvinid

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Quote from: Lorokan on May 06, 2020, 09:15:04 AM

I have a feeling that people buying bitcoin just because of the halving are going to be a little disappointed.

The market has a way of doing the entire opposite of what majority expects and this is because we refuse to answer of what happens when everyone buys the bottom.

Often to see people will come crypto when they know that the market will have a chance to Bullrun and you may right, they are anticipating the coming Halving and I hope they are right coz it seems to look that we probably miss that thing again.

Quote from: Lorokan on May 06, 2020, 09:15:04 AM

I don't know why alot of people seem to worry so much about bitcoin investment, either the halving happens today or tomorrow, bitcoin is bullish on the longterm.

The growing crypto market justifies that Bitcoin could possibly make another high again, it was then that we can't tell when and never knows exactly. Is really a good idea of making an investment when the market is at dip coz it surely pumps will follow. And to know that isn't just halving could make the market into Bullrun but it gonna be the support of the community.

buwaytress

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Quote from: Lorokan on May 06, 2020, 09:15:04 AM

I have a feeling that people buying bitcoin just because of the halving are going to be a little disappointed.

The market has a way of doing the entire opposite of what majority expects and this is because we refuse to answer of what happens when everyone buys the bottom.

Haven't even been in Bitcoin for very long (4 years) but have met plenty of people along the way who tell me they exited with a lot of disappointment. We're talking early adopters even, so their attitude was surprising to me, especially in 2018/19 when I thought, surely they'd seen it all before and 3k lows are amazing if that's the extent of losses!

I'm expecting a wave of exiters in a few weeks and months too, if price doesn't meet expectations.

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