Bitcoin Price Breaks $10K Barrier – Where is all the Pump Coming From? - page 2.

kryptqnick

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Quote from: Prateek_sharma on June 22, 2019, 02:05:21 AM

On June 21 2019, Bitcoin price reached a new peak, hitting $10,646 and firmly beating daily returns of almost all major cryptocurrencies. For the first time in 15 months

Bitcoin’s price surged above $10,000 on major cryptocurrency exchanges. The bitcoin price broke the $10K barrier at 7:35 pm Eastern Time.

I want to invest in bitcoin, it is too late?

Where do you think Bitcoin is heading next?

Today, the price actually reached $11k for a brief period of time. I don't know, I find it scary that the price is being too volatile and moving upwards so fast. I don't think there're particular causes behind the current pump. It's all the long-awaited correction after more than a year of the bearish market; investors considering Bitcoin valuable, being impressed by how it got out of the bearish market; and, unfortunately, FOMO.
I don't think it's late to invest. It's never late to invest long-term in Bitcoin, IMO, because, in the end, it will reach a new ATH point. As for short-term things - I am not sure, but I wouldn't do it, because the price is too high, and there might be a correction around the corner.

shiunsai

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The price of bitcoin is very volatile, there is not necessarily a good or bad time to buy.

It depends on the amount of investment you want to make, how long are you ready to "leave" that amount in BTC and the goal.

Of course it is better to buy when the price is $3000, nevertheless it may be interesting to buy now and sell when the price will reach $20,000, $30,000 or more.

It could come in 1 month, 6 months or in several years, but I think that someday the price of bitcoin will come and exceed these sums.

You can use tools (Artificial Intelligence) to help you choose the best times to buy and sell. Go see IntelBit.io (it's free), there is an algorithm (artificial intelligence) that predicts the price of bitcoin; The price predictions are based on the K-nearest neighbors algorithm (KNN) and Multilayer Perceptron (MLP), a feedforward artificial neural network. The tool is armed with various time-span options, including daily, weekly, monthly and real time predictions.

WARNING: No algorithm or artificial intelligence can give you 100% reliable results, you must analyze the market yourself and make the decision, but AI like IntelBit can help you and give you good technical indications

Apes

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this pumping will continue past 12K I believe. invest now don't hesitate you haven't been late, after touching 12K BTC heading to for passed asses all time high.
BTC Invest will not fall their goals are still far away.,
believe me while there is still a chance. BTC invests Autowin.

spacehopper

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Quote from: Prateek_sharma on June 22, 2019, 02:05:21 AM

On June 21 2019, Bitcoin price reached a new peak, hitting $10,646 and firmly beating daily returns of almost all major cryptocurrencies. For the first time in 15 months

Bitcoin’s price surged above $10,000 on major cryptocurrency exchanges. The bitcoin price broke the $10K barrier at 7:35 pm Eastern Time.

I want to invest in bitcoin, it is too late?

Where do you think Bitcoin is heading next?

Its never too late for invest bitcoin,But my advice is wait a little bit.Bitcoin falls 11168$ to 10688$. 500$ fall,because of the panic sellers sell there bitcoin.Wait until hit again if it pass the 11168$.wait 1 hr candle to complete.If that candle complete as green.Buy BTC. If not double top pattern.If the resistance came bitcoin will fall.

tomahawk9

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Cats on Mars

FOMO, greed, newcomers trying to not miss the train, whales playing games, etc, etc. Trying to pinpoint the exact reason behind such massive spike is nothing but a waste of time, there's literally no way to know for sure what's causing this surge.

Quote from: Haunebu on June 22, 2019, 02:51:54 AM

Isn't it obvious? Libra is the answer. One of the biggest players in the market(Facebook) have openly declared that they are planning on launching their own cryptocurrency by unveiling the whitepaper which has had a ripple effect on the crypto world.

How exactly does the Libra hype impacts the price of Bitcoin? You think people are going "Oh, Facebook is going to launch a cryptocurrency next year, guess I'll buy Bitcoin now"?? What's the logic behind that?

Quote from: Haunebu on June 22, 2019, 02:51:54 AM

More and more people are interested in what Libra is and how it is different when compared to BTC, but this is indirectly benefiting BTC in a big way leading to the recent rally. This will probably look very small when compared to the upcoming Halving rally in 2020.

Again, you're trying to say that Libra is the main cause behind the current surge in the BTC price but you're not explaining exactly why Huh

samuraijin

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Quote from: Prateek_sharma on June 22, 2019, 02:05:21 AM

On June 21 2019, Bitcoin price reached a new peak, hitting $10,646 and firmly beating daily returns of almost all major cryptocurrencies. For the first time in 15 months

Bitcoin’s price surged above $10,000 on major cryptocurrency exchanges. The bitcoin price broke the $10K barrier at 7:35 pm Eastern Time.

I want to invest in bitcoin, it is too late?

Where do you think Bitcoin is heading next?

You are not late, I think this is just the beginning of the price of bitcoin, I think who is the driver we all will not know, many people say that because of the announcement from Facebook, but I am not sure that there might be other big people inside, I just give advice not invites you to invest this risk, you can invest as long as it hasn't been in 2020
Many people predict that bitcoin prices will touch above $ 50k

bitbunnny

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Some might say again this is because of whales and their actions but I don't think so. It's probably circumstances on the market and investors mood that pushed the price.
Still it's hard to say if this is going to last and we will have some continuous growth or is this a temporary pump after which some corrections will follow.

DebitMe

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I have been calling for a price upswing following by a rather large crash into the 4k or 5k range. I think this is our upward time, then we will crash before then testing and eventually breaking through the ATH after the next halving.

ityandsyn

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Quote from: Prateek_sharma on June 22, 2019, 02:05:21 AM

On June 21 2019, Bitcoin price reached a new peak, hitting $10,646 and firmly beating daily returns of almost all major cryptocurrencies. For the first time in 15 months

Bitcoin’s price surged above $10,000 on major cryptocurrency exchanges. The bitcoin price broke the $10K barrier at 7:35 pm Eastern Time.

I want to invest in bitcoin, it is too late?

Where do you think Bitcoin is heading next?

Just go ahead make an investment because bitcoin price was already hit $11k and it may repeat the history in which bitcoin was blast like a bomb in 20017 and this may continue up to $20k .So I think this is not too late to invest in bitcoin.

onecall123

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Been talking about this last couple of months and here we go Bitcoin about to reach $11k after crossing $10k. In my optimism, It will go to $12k and then there will be a dip. Truth to be said It's not the right time to buy in exceptionally when bitcoin is on hard pumping.

goolesby

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Gistcoin

You are right. Today is the big day for the Bitcoin breaking the barriers. It has reached more than $11k only in a day. It is very incredible after so long time, after one year it has very dumped price and now it has proved the value of real Bitcoin. I believe that BTC price will increase again and be more stable.

aad140386

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simply getting the job done

To be honest, I don’t even know what to expect. I realized a long time ago that it is impossible to believe analysts' forecasts, and technical analysis is far from always helpful in the cryptocurrency market. Although, it should be noted that according to technical analysis, everything indicates that Bitcoin will continue to grow. Such rapid growth scares me, because as we all know, what quickly grows then just as quickly falls.

xSkylarx

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Quote from: alrose on June 22, 2019, 06:34:30 AM

I remember when at the peak of the bitcoin price in 2017, many began to buy it,hoping that it will cost even more,but what happened happened.Now I see the same situation.When bitcoin cost 4 000 no one thought about buying it.Now everyone is ready to buy it for $ 10,000.That's absurd.Personally, I recorded a profit and now I'm waiting for an even greater rise in price.I haven't thought about additional purchase yet.

I think people are fomoing on facebook coin. It is really unexpected to even hit $11k now. Usually on weekends traders take their profit and no pumps like this happens. Bitcoin's price is really volatile. No expert can guess where it will go.

alrose

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I remember when at the peak of the bitcoin price in 2017, many began to buy it,hoping that it will cost even more,but what happened happened.Now I see the same situation.When bitcoin cost 4 000 no one thought about buying it.Now everyone is ready to buy it for $ 10,000.That's absurd.Personally, I recorded a profit and now I'm waiting for an even greater rise in price.I haven't thought about additional purchase yet.

taratorly

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In 2017, Bitcoin reached $ 20,000 from $ 10,000 in just 2-3 weeks. And from $ 8000 it came to this point again very quickly. Do you think it could be $ 20,000 in three weeks?

rdbase

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Could it be attributed to that there wasnt any terrible news in the media about cryptocurrency in the past month for this run up to nearing $11k now?
Sediment towards it from the general public has been positive so this could also be a determining factor for this sudden surge in the price as well.

klaaas

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Speculation and the overall crypto space gaining trust. Expect more when this hits the tv stations and newspapers the upcoming days.

Astvile

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We cant predict how far we can go on this years bull run,but all that we know is this bull run will be exciting and will be a hell of ride.We can expect bitcoin make a new ATH record because this is the most common thing that happen everytime bitcoin undergoes the bull market.

Janation

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This is really hyping people up.

Me including my friends are so surprised by the price since we did not even expect this price pump. The last time we talked about Bitcoin and it just around $7K. The pump, I don't think something happened and triggered it, I guess it is really starting to pump in the start of the recent month when the price made the $7K run from $3K. If this continues, I think a correction will happen.

btc_angela

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Quote from: Prateek_sharma on June 22, 2019, 02:05:21 AM

On June 21 2019, Bitcoin price reached a new peak, hitting $10,646 and firmly beating daily returns of almost all major cryptocurrencies. For the first time in 15 months

Bitcoin’s price surged above $10,000 on major cryptocurrency exchanges. The bitcoin price broke the $10K barrier at 7:35 pm Eastern Time.

FOMO. We said that once it broke the $10k barrier, there will be FOMO and I think that's what happened.

Quote from: Prateek_sharma on June 22, 2019, 02:05:21 AM

I want to invest in bitcoin, it is too late?

No need to ask, if you really wanted to join the ride, then invest and wait for the next massive run.

Quote from: Prateek_sharma on June 22, 2019, 02:05:21 AM

Where do you think Bitcoin is heading next?

New ATH, so again, don't be late in the party, invest while you can. Grin

Topic: Bitcoin Price Breaks $10K Barrier – Where is all the Pump Coming From? - page 2. (Read 619 times)