Topic: Bitcoin is going UP because there are new BIG investors and more people believe (Read 228 times)

I think this increase is not big. It is not that the bull market is coming. The market price is still unstable. Bitcoin is the most trusted coin for people. I believe it will rise sooner or later.

Btc always survives on people's beliefs and it saves it every time when Btc is in trouble. I suppose that it can't be continued for so long time in the future.

indeed many believe in bitcoin so it will be easy to go up,
only that all takes a little longer to see the increase.

As the price of bitcoin goes up every time, some people are emerging so that saying that the bull comes, this become boring any longer. This predictor start this new forum thread immediately after seeing the increase. Now the price is down to 6000USD. Be a little smart too.

It will be cool if Btc is increasing now, there could appeare a lot of chances for earning and for investing so I consider that everybody will be happy there only.

Get the fuck out of here.

There are other statuses in a market besides "bear" and "bull," and just because we might not be in one, namely "bull" does not logically follow that we must be in a "bear."  

Can you come up with some kind of better assessment, beyond your stupid ass supposed common wisdom proclamation that bitcoin is in a "bear market?"

while I do not see that bitcoin went up. while I see that the market continues to fall and the price of bitcoin falls.

We have been seeing such small rallies from many weeks now but bears seem to be winning this game as of now, i hooe soon there will be strong enough bulls that will change the dynamics of the market and dominate the market for rest of this year.

The market at the moment is bringing in so much worries, as the dip is just getting worse. For bitcoin to get to such an high rate will be very difficult at the moment. But, I'm sure the market will get stabled pretty soon. All crypto investors just need to calm down and wait till the market gets better.

I wonder what is connected with today's fall of bitcoin? Bad news? Something canceled?

Okay. But what does this have to do with 'Altcoin Discussion'? You should move your topic to 'Bitcoin Discussion.' (You should find a 'Move topic' button at the bottom left corner of your thread.)
On-topic, if Bitcoin reaches $20,000, then what? I am interested to know your hypothesis.

We are still in the bear market. Cryptocurrency participants need to chill and stop jubilating that we are back in the bull run whenever we see some few increase in bitcoin's price. Observe the market for weeks then if the uptrend is consistent then we can conclude that we are back in bull run..

Do you urgently need to sell bitcoin? Why write this?

Where are the links to new large investors? Where statements from rich people. It's just empty talk and nothing more.

Yes, it will. Simple as that. Remember Bitcoin have died many times, it once was $1200 then go back to $180. It's not only pass previous high $1200, it also go to $19000.

Perhaps.  However, being in a "bear market" versus being in a bit of a prolonged correction could be merely a matter of framework.

Bitcoin took a bit more than two years to go up from the mid $200s in mid 2015 to its $19,666 price peak, and so retrospectively we could have labelled that as a bull market, but I don't think that we realized that we were in a bull market until around May 2016 or perhaps later.  Similarly here, I think the term bear market is too prematurely applied because you even seem to accept a definition of being in a bear market is that the price is more likely to break out to the downside rather than the upside.. and I am not quite there with you with such assumptions, even though a lot of people are continuing to make these kinds of assertions.   Even if the price does break down in the next time around, might not confirm that we are "in a bear market" because it could merely confirm that "the bottom of this current correction is in".

By the way, there have been at least 4 attempts to significantly break below $6k since early February.. which also would tend to give less credence to your "bear market assessment" and really suggest that a bear market label remains premature.. at this time.





Your afraid because you have a feeling that weighs more towards down rather than up, but you really are just grasping at straws and trying to describe the downside scenario as more certain than even you can muster up in your own thinking.


Well at least you are doing one thing right, and holding.  Perhaps your too strong of a negative assessment might be causing you to be making a mistake by not buying a bit more at these prices.



So fucking what?  Almost everyone who is holding any kind of quantity of BTC through the ups and downs can look at the BTC price in retrospect and say to him(her)self, " I wished that I had sold a bit more when the price was higher."  That is not saying anything.  Of course, any volatile market is going to have ups and downs and the bears are going to attempt to take advantage as much as they can of downward BTC price momentum to attempt to get people to sell their coins at the bottom by misinformation and continued attempts to push the price down.  At a certain point, they run out of sellers.



I am not sure what that means.  It happens to a lot of us that we might buy too much as the price is going up, and then the price reverses on us.

I have been in bitcoin since late 2013.  So I had found out about how to get into bitcoin towards the top of the then price surge to $1,163, and therefore I bought throughout 2014, while the price was going down.  Furthermore, I was afraid to sell any BTC in 2015 because I would have been selling at a loss, so I held and bought a bit more here and there.  By the time late 2015 came along, I had figured out a strategy that I could sell a portion of some of the coins that I had bought in the lower $200s for higher prices in order to prepare in the event that the price went low again.  In October/November 2015 when the price shot from about $280 to $500, instead of selling some of my BTC as I had planned, and alternatively instead of HODLing, I bought some BTC close to $500, and it took more than 6 months for those $500 BTC to return to profitability.  So certainly, I understand the feeling of FOMO buying, and there are a lot of people that get sucked into that kind of trap.. especially if they are new to bitcoin and have not figured out a more rational strategy to deal with BTC price spurts, which are nearly inevitable with the ongoing price dynamics of this market.

So the best strategy is to buy on the way down and to sell on the way up, and if you get emotional about what you are doing, then the alternative would just be to HODL through it.. and perhaps you are attempting the HODL strategy at the moment, but even if you have fears and senses of certainty about which way the BTC price is going, you gotta take your own feelings with a grain of salt, because in the end, BTC prices can go either way, and any current assessment of a BTC "bear market" seems way too premature.

I am very optimistic that bitcoin will make a good recovery in the coming months. These bear market is just temporary even though this will take a while but definitely this will recover soon. I don't think it will still go beyond the $6k level wherein this adjustments may had extended further in preparation for the upcoming recovery. Investors should not worry for now and stay calm for it may recover back.

Nope. Everything is just in the charts, we like it or not. Since ATH we are in a very clear downwards channel.  Every new high this year has been a lower high, each of them piercing upwards the downward channel a little bit with very typical bulltraps, the latest of which exactly on the day of your post. Basic Technical Analysis. I am afraid we still have to find a bottom. I wish I were wrong, since I am am on the wrong side of the market, ie holding. I wish I had sold my BTCs at the time of my previous post, now I could buy them back 2000$ cheaper. My analysis was correct, but my FOMO was wrong.

BTC is going up because of the upcoming bitcoin ETF decision that is slated to take place next month, so many people are buying BTC believing that the out come of the new will be positive, if that fails to happen, I think btc will dip again. 

I think in 2018 we can’t see BTC price over 13-15k. New rally not coming in this year.

LOl, maybe that is the case, maybe not. Whether or not it is that Bitcoin is going up because they are new big investors or more people are beginning to invest in it, it is good news for people in the crypto industry. Why it is necessary to be concerned about what is causing the increase, I would rather focus on the fact that there is an increase right now.