Topic: Bitcoin is bullish longterm (Read 1218 times)

Bitcoin has always been proven to be dominating for long term,it may experience fall by now but in the next months it will move
 over than the value today.of course it is hard if you have no capacity to keep the waiting and expecting profit in daily
basis because this will Kill you and your family for bad,That is why there are only few
who survives the movement of market.

But we must be Lucky because for months now $9,000 level stays strong and better and did not bring a burden.
I hope that this will end as the 4th quarter is near to come and that same moment how the last halving take effect
so i have a view that same as now it will come.

I think differently, for me in the short term investment is risky because volatility comes in, rather it would leave it to market speculation, for investment it is always better to leave it in the medium and long term, because Bitcoin is a safe investment, that advantage is unique compared to any other cryptocurrency.

If you make an investment in Bitcoin you can wait as long as it takes until the price rises, no matter its movements, it can go down, it may even be at limits where panic makes its own, bitcoin will emerge, and some are beginning to consider it as haven of value.

As far as I know, the only area where investors win is the long-term. No one can guess the behavior of the market in the short-term either by traders or investors (more precisely, you can guess, but this is only luck as tossing a coin). It is not clear why you advise a short-term, but since you do this, what is your forecast?

   Some of us believe in Bitcoin in long-term, and not just in Bitcoin, some of us believe that crypto-currencies are the future
of this world. You can try to be investor, or trader, you can be both if you want that, but that means you believe in crypto-currencies
too, like many of us do.
   I am bullish long-term on many crypto-currencies. It's why I accumulate and trying to be patient with all my coins and tokens.

Long-term investments are good for Bitcoin, but at the moment we know that the price of Bitcoin is still difficult to predict, so the short term is the right choice for investor and trader

Yes, bitcoin will become more valuable soon, as you said, you bought bitcoin at the price of $7000.
So when Bitcoin touched $10000, you were in $3000 profit, But if you hold a little more, then your investment may be doubled.

Story:

What disappoints you?because people are buying just because of halving?are you serious on that accusation?don't be stupid everyday
 because people are buying as to have a Holding and no matter what halving brings still
 people are buying if they have chances.
sorry but it seems your views in crypto is far different from us,this market is healthy so everything that happens are normal and proof that this is a long time market.
why not tell that to youself?
do your research before crying here just because of your wrong interpretation of market.

People paying bills rather then being part of an increasingly productive economy is what leads into deflation basically, a contraction of the FIAT monetary base.   That would naturally lead to BTC price adjusting downwards as FIAT money becomes more solid, lower velocity and less determined towards inflation as we are used to.
  However the thing to note is the modern age of fiscal and monetary policy, we have a deliberate bias towards inflation as it has been associated with growth in the brains of those who control the purse strings to the economy's unit of exchange which is dollars mostly or the national currencies of each country.    With such a large amount of new money circulating it means we do not have a contraction and those in politics believe this to be the correct action to avoid recession or depression type dynamics.   It also means the fall of BTC price longer term is not that likely while it remains a useful product, so it is valid to hold and use.   
  I dont ever suggest holding BTC if you never use it, its too dangerous that BTC can be replaced by another standard.   Its a bit of a gamble to just assume others will use crypto, it has no guarantee imo.

I also have the same conclusion. Despite the fact that months after the halving there will be an adjustment period for the miners to upgrade their hardwares and figure out how to maximize the speed of solving blocks since the rewards was cut by half. Thus Bitcoin network get busier and might affect the price, because some other investors might use other network to transact swiftly.
While on the other hand, the pandemic is one of the few reasons for this, since people would rather choose basic necessities over any forms of financial investment. Plus, a lot of companies has been shut down and a lot of employees lost their job.

There is a reason why people don't suggest blocking/saving money and that is money at work is the smart money while money sitting idle will become the victim of inflation but if you are able to make the profit that is higher than that of the inflation rate then there is a good chance that you can make better profits.

Personally I am not a fan of saving bitcoins rather just trade them and increase them because holding bitcoins does not require any energy or manual task so why not use time and make better profits and yeah let the price rise but if even it does not, you at least earned some by trading around back and forth.

You can't expect that all traders and investors are oriented lonf term. Some want to make profit rather quickly and reinvest money further for even bigger profit without waiting months or years for their investment to pay of and you can't blame them for that.
But Bitcoin gives opportunities for everyone, both short term and long term, they just need to modify their approach and activities in the market. That is the beauty of investing in Bitcoin.

for longterm I still believe that Bitcoin will be at $ 30000, but for my short term target it is still $ 15,000,
I have collected btc since it was at $ 7,000

As always, bitcoin has proven to be bullish on a long-term basis but many investors and traders are not be real to this, rather always consider bitcoin as a quick money making machine. Those who look at bitcoin as a means of making profit where quite disappointed sometimes from 2018  when bitcoin went down in price till 2019. Let not forget that, bitcoin is a speculative asset and bullish trend can only come by news or through speculations.

Not only Bitcoin but also every currency is profitable to trade in the long term. Bitcoin is seen as a 10000 price level strong resistance. Breaking this level from 10400 to 10500 will increase the chances of hitting an all-time high. As far as I know, those who trade in large timeframes are less likely to lose. I agree with you.

Bitcoin is bullish in the long term for the past 10 years, it has always been bullish, it was never bearish long term. Obviously it all depends on the period you are talking about, if you are talking about one year, maybe it will be lower one year from now, or maybe it will still be higher, but if you are talking about retirement fund, it is definitely bullish at any given day.

However, if we are going to talk mid-term like this is intended (mid term is more like 3-6 months) I can say that it does look bullish right now and before 2020 ends we are probably going to break over $10k once again and reach to a new high for the year. Of course it is not guaranteed but remember bitcoin was over $13k in 2019, so it is not really too far away from what it could be and it has the power to do that once again.

Most are expecting that to happened, history keeps repeating and it's best to make sure that you are
holding decent amount of bitcoin, once the market become bullish your expected profits is much higher.

Day traders are still enjoying the behavior of the market, it's a good call to position yourself and generate
profits in a short period of time,.


Still an speculation but once it's breakouts investment will flow as newcomers will comes up and invest.

Looking the chart in time frame 1D bitcoin price has been consilidating for two months, it is very long time. Which is $8700 is the strong support and as we can see when the pricr bitcoin touch $8700 we will see a pull back and $9800 is the strong resistence. I ever read that the longer time bitcoin price consilidating the we can expect that the new all time will be reached shortly but it is otherwise we can expect the dump will be reached shortly. But I don't know I just tend that bitcoin price will dump first before we touch new all time high.

It is expected that in the future the price of Bitcoin may surpass the previous high and its long-term future must be bullish. Bitcoin has risen in value and reached its current value through repeated fluctuations since its inception. Bitcoin has been fluctuating between 9000 USD to 10000 USD for some time and its price is waiting for certain support resistance to break up or down. If its price breaks the support resistance and rises to the top, it is expected that this will be a big increase and it will increase the price of Bitcoin a lot.

I love bitcoins just like you but from my observation there is not a healthy chance of hitting 19k anytime soon because there is no particular reason I mean, halving has already passed and it did not affect the price too much. The reason why BTC is moving so slowly now a days is because it is more solid now and a few whales cannot manipulate the market like they earlier used to do it and while this means 19k might not be possible soon but also means that there is a almost zero chance of bitcoins being down to 6-7k either.

People who invest in bitcoins for long term don't have to think and understand all this because the price will be huge after a few years I think so yeah investing in bitcoins in long term is always going to be bearish but keep an eye on market and just sell some once the price goes big, with assets you need to be careful I mean, you can't be just locking them and forget it.

Perhaps we can say that one reason why we can't break that 5 digits again post halving is that we are still in the pandemic. Or majority of investors are still holding up their precious money and not willing to put it out because of a lot of uncertaintly.

Nevertheless, if you are a long term holder, new ATH is possible, there's a lot of leg room for that. And we all know that one's FOMO is in, it's really hard to stop just like what we have seen during the last bull run. Stabilising at $9k is a healthy sign as well, its like x3 already since the decline last March.

Yes and no because the BTC price being near to 10k is not in any way a bad performance.   All the long term holders know its a good price because fixed in their brains are the 3k and 1k areas that were just as valid for years.  3x is just very good though disappointing if you wanted a rocket ship blast off in 2020.     We have extreme events occurring especially this year and in context BTC has done well I think, it has to be praised for holding steady.
   In 2019 it was my guess this whole year even withstanding the halvening we'd not gain especially or lose greatly but the theme for the year will be neutral and so far I believe its been a time to trade the range rather then hold and forget.   If its going to loop as it has done then a speculator will want to be selling peaks and buying into dips so far as they can discern the local prices at that time.  Lots of money to be made and compounded in providing liquidity to the market in its volatility so buying in March was not easy but going on OP title long term bullish it was justified.    My take is we have a log jam in price with both bulls not hyped and shorts feeling ineffective in moving price, in normal markets I often expect things to pick up around September.   I cant name why exactly we often get a different sentiment appear in autumn moving into winter and xmas, then it tails off and we'll reset start over again in 2021 and then maybe we achieve a proper trend and confidence in price movement.   At that moment I might call it bullish like early 2017 had an ascending theme observable over months.

Solid long term perspective!
I have a feeling, once Bitcoin breaks another ATH, it maybe higher for not less than 10% from the previous one, because the predictions in the post-halving are very bullish.
I'm also thinking, there must be a significant reason that deprives Bitcoin from breaking and surpassing the $10,000 level, but the good thing is, It didn't fall below the resistance level as well. Instead It's stabilizing in a certain region of $9,000 level which still considered as a high price since March.

If anyone could b worried it should be investors that are in a nation and the idea of the knowledge and dump

Reasonable remark. I noticed that when people talk about investments, they seem to forget that the investor wants to eat well, live well  now and many expenses are inevitable. While the profits are very ghostly and no one is ready to wait for them all their lives, denying themselves in much.

Bitcoin is always bullish for long-term holders. While we haven’t seen much change this year, we can expect to see something better next year. As I am a long-term holder, my first target will be to break the previous ath. There are many who become impatient after holding on for a while. As a result, they can't stay in the market for long. We might see a huge breakout if bitcoin can break the previous ath. Bitcoin still under $10000.

I very much hope that the impact of covid-19 on the global economy and on the cryptocurrency market will decline until the end of 2020. And already in the second half of 2021 we can see the real consequences of halving in May 2020. at least this is the period needed to change the price of bitcoin, as it was after 2013 and after 2016. but nevertheless, we still have to see the rise and fall more than once, since you correctly stated that the main goal of investors is to buy cheaper and sell more expensive.

They could be the ones that are losing money but they are also the ones that are making money as well. You can never know how a trader makes his money, sometimes they are profiting sometimes they are losing, the same trader could have the different results in a month. There are traders who are good at what they do and there are traders who are bad at what they do, which means you will see both of those type of people in the world as well.

So, when you look at it we are talking about good traders making more profit but sometimes lose a little and bad traders who lose usually but make profit time to time. All of these happens every single day thousands of people all around the world. So, long term is not the only way to make money from bitcoin world.

Because we have different motive in Buying bitcoin,What you are pointing are those people that willing to Buy and Hold for at least semi Long time.

But there are also people that cannot stay holding because they tend to do trading as bread and butter and they are those who wanted to at least make money instantly.

Sad to say but mostly they are the one that losing in this market.

Because of becoming panic whenever there are small falling in the market that makes them more vulnerable.

It is smart to know that bitcoin will rise in price at any time, and will rise explosively, either due to the post-halving effect, covid-19, and the simple inspection that has completed much of its accumulation stage.

Investing is simple, you buy and make profits only when prices rise, that is the logic of large investors.

I agree with you, it all sums up to what each individual decides to do at that point in time, be it to trade, hodl, or sell bitcoin. And from experience, doing your personal wishes would make you blameless when it does not turn out as you have hoped. I think a few of them will learn after couple of bad results.

How much long term are we talking about? I mean right now if we are talking about the year 2020, I would say it is still bullish but not insanely bullish, just a very positive outlook on the world type of bullish, a good morning to wake up to type of bullish. However, if we are talking about the next 5 years when we will both live out this current halving and all its causes, but we will also have another halving plus another year on top of that to take that one in as well.

Now THAT will be bullish, the next 5 years of bitcoin will probably see us go over 50k eventually because of all the halving causes, we are talking about impacts of 2 of them and basically miners not making a lot of money + all the money they are selling right now to compensate their costs.

Well, that depends on the situation. I still believe Bitcoin won't be very bullish unless we can't find the cure for covid-19 and recover economically. However, the good thing is, Bitcoin still holds to a good figure despite of the economic recession and the panic buying due to fear of community lockdown.
Practically speaking, Bitcoin ideally become bullish next year when everything recovers back to normal.
The new normal, is making every lives hard to live, as most of the companies were having skeletal work force, thus depriving some investors to buy more fractions of Bitcoin.

All the analysts are supporting bitcoin but the government isn't supporting it not even a little bit. They like the idea of block-chain behind bitcoin but not the idea of a decentralized currency as then everyone will be independent and money won't be centralized and out of control of government which they can't afford.

So in future anything can happen, either the government's would make bitcoins holding, possession and dealing an illegal thing or either they would regulate the bitcoin industry.

Bitcoin is bullish in long run for years, but OP describe this like a discovering of hot water! Do we have a person on this forum that thinks otherwise?! I don't think so, we have spammers, fudsters, but I don't count them. We had halving recently, everything was fine, for the first time Bitcoin had halving with 4 digits price! Who knows that expect a bullish run next year, others can fear and worry about it. I expect history to repeat itself once again, bitcoin to make new all times high price and then to drop to some new bottom, and that new bottom will be a much higher price than it's now.

BTC looks to be starting the current track as the previous halving events.” The medium-term trend of Bitcoin is optimistic, but This emphasized that retests of lower support levels and pullbacks are unavoidable in the short-term. The BTC price  $9,000 early on Tuesday, even as on-chain data suggests spiking investor interest in the top cryptocurrency by market value of market.

I'm 100% sure that long-term bitcoin is very bullish, hopefully the trend line resistance at $ 11000 has passed and the candle stops above $ 11000, then Bitcoin will be able to reach $ 19,000 again, I know people want to want something like that, but for this year Bitcoin must work hard for breakout  

Nothing wrong in saving BTC if you are only using the amount that you can afford to lose,because if we are talking about your
 Saved Funds here and expecting that you have someamount to withdraw in case of emergency?

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This is not that right way to think.because the Volatility of cryptocurrency can
fluctuate at any time and may grow at same time
also,so looking into long term is that Bitcoin holding is good,but For emergency funds?then this is bad.if you are not
willing to wait years of your investments then
 never think of Bitcoin or other crypto
 currency investing.

bitcoin looks more promising on a short term because the price can easily dragged down the moment price touches at certain point like for example when it reaches 10k usd  for example but you and other people think that btc price can improve more in the long run which was also right i guess if we compare past value from now . btc is an evolution of a currency because currency started physical before but now we have btc which was digital.  nothing wrong in saving btc because it was like saving money but other think its bad and they didnt encourage it

I agree with your subject OP, the bullishness of bitcoin on the long term is the core reasons why bitcoin is explained as a store of value and wealth, because over the years, it has the tendencies of mooning and bringing profits to investors.

It is normal when people worry, thats why there are short term and long term investments, if you have emotions interfere with you hodling, just do short term investment.

for long term it is certain that Bitcoin is very promising, all technology experts have also stated that Bitcoin will be an evolution of a currency,
so saving Bitcoin is not wrong 

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


many days have passed and we are at $9500

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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  . 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.

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.

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 ?

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?

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.

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.

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.

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.

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.

People are worry to invest in bitcoin because they don't want to get the same thing in the last few years. I think even if people know about the bitcoin will be bullish in the long term, they still afraid to buy bitcoin right now, and they prefer to wait for another correction.

And now, with bitcoin almost reach $10k, that can give hope for people who already bought bitcoin because that means, they can make a profit for a while so they can try to wait for another higher price.

They will never take opportunity and understand these words from you op. For the folks that don't believe in bitcoin, they have their doubts on it that's why they are focusing to get a chunk for short term and will not recognize that there's a better result for longer term. It's now time for them to learn from the mistake of others during the early times, we can apply that to ourselves and that's what I'm doing. If they can reconsider that, they have to do it before they will start recognizing that bitcoin is too expensive for them to avail it in the future.

Actually if you understand the truth about trading against Bitcoin, when will it happen (halving) is not the one thing that has to be waited on and fantasized about, which hasn't happened yet.

I mean this, if you understand that daily trading is actually quite a profit for you, for example, you buy bitcoin today for $ 8500 and sell when prices rise to $ 8900 and so on, spin one day or two days you already get a profit of $ 400 in one or two days, that's if you understand short-term trading.

The point is you have to understand and have to be able to analyze the Bitcoin graph when it goes up and down, I think this is good enough to do, to wait for Bitcoin to experience (halving) when the time comes.

the long term is very good for Bitcoin, but remember it doesn't start at current prices, we will see a big correction if we fail to break resistance, maybe at $ 6000- $ 7000, after that the real Bullish will come

Maybe it could be the one reason for them to stay.
If they will gain nothing then waiting for a pump is the option.

While waiting, they could find this forum and maybe, even for just a little hope they will find light into what bitcoin really is.

Yes, it may become a slow pump which is better than a shocking jump.

Most people buying Bitcoin fro short term are usually disappointed. In many cases they even lose money. Bitcoin is not meant for trading. It is price is to easy to manipulate and small traders can get a price halving very easily. Some learn by that some dont.

There are people who buy bitcoin depend on their purpose, either for long-term or short-term or just expecting a quick profit because of the halving. Nothing wrong though as that's their money after all. Even giving them a suggestion to always DYOR, still, they will follow what's on their mind.

For me, just allow these people to do what they want or just literally don't mind them. In the case of disappointment, surely they will learn and will begin thinking if they will push their idea of getting involved in the bitcoin market. That's part of the experience. They will never learn if they will not experience the bad result of not studying how the bitcoin market behaves in the long-run.

There's no sudden rise to achieve this 9k level. Been working for months to achieve again this level from when the pandemic started, so I assume also that there's no bull trap here. Before the pandemic, we reached more than 10k already, and because of this upcoming halving, people are optimistic with this btc event, and so we are again working to reach this level. Though we may not see a new ATH, at least btc showed good performance in spite of the pandemic experienced around the globe.

The real test of BTC will be only after the Halving period as far as I concern the value will drop after the Halving, also there will be lot of them selling their coins. The entire globe is in real trouble as this pandemic saga is still in progress.

It's time to think and invest according to the situation because the market can go any way either pump or dump so be careful..

No, there's no bull trap. Bitcoin has been bouncing back and forth from $8,000 level to $9,000 level. Bull trap is a sudden rise as well as sudden fall. The current movements shows strong support of the block halving. People are becoming more optimistic about the halving effect, thus buying volume becomes higher gradually.
There might be another dip, but it doesn't mean it's a bull trap, because that's normally how Bitcoin reacts based on the past post-halving.

A year trend chart is indeed bullish but we can’t expect too much from this since the price can still change depend on many cases. The bullish trend starts right before the halving, we’re lucky on this one and maybe a good time for the hodlers to have some hope again. The longterm trend of bitcoin is up, you decide now whether to keep holding, buy more or do the trading.

I roughly agree but demand is not a given and there is always competition in every capitalist system.   The central bank system does have the advantage of being able to force prices, fix rates and with the might of law and order to back every decision they make.   Bitcoin relies on natural demand, mostly imo from the people who fall between the gaps in these big central reserve banking type operations.
   In the end I think natural market beats force and fixed but its a long road and with much uncertainty, Bitcoin will be tested many times going forward.


Certainly its bullish short term also, above very short term measures and ongoing weekly momentum.  Medium term like 50 and 200 day seem to have no opposition and are trending upwards also.



Next target above is 9500 or higher

That's bitcoin market for you, when you think that the price will go on a parabolic rise, it will go on the opposite direction, nothing surprises me at all. I have seen this kind of movement before. So you either swim with them, or die along the way if you go against the current.


They are worried because it is money they playing with. Greed, someone's desire to make more money in the market is short amount of time. Majority here are irrational and doesn't think of bitcoin in the long term. Yes, I agree with DYOR, very important, not just in bitcoin but in every market as well.

I believe that you are looking at things a little wrong, until a few weeks ago the price of bitcoin was less than  $6000 and currently the price is at $9200, which means that for people who bought when the price was less than $ 6000 is already making a good profit. Of course, for people who are buying in the  $9200 they will have little profit and if they don’t sell at the right time they will certainly have losses


I start to agree with the idea that there are whales that manipulate the price


people have reason to worry, we have seen price reach $18000 and drop to $3000 and stay in this area for a long time.


agree that people should do their own research

Month to month these little price fluctutions dont matter at all!

We have a growing population, and economy, with a fixed supply of Bitcoin in 10 years BTC price will easily be 500k+

you mean the price of $ 9000 is a PUMP trap ?, then what about 4 days ago, what I saw was a Bitcoin price of $ 9400 then dropped to $ 8500, and now it goes up to $ 9400 again Are you sure you want to say a trap?

Just do not try to time the market. HODL strong.

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.

Even before the halving the prices went up too much compared to the recent fall so the chances are less for people to get disappointed who invested in 2020.No one can expect instant returns but in late 2020 or in 2021 there will be some price range shift which will give returns to the holders.

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.