Topic: Bitcoin Revival is On The Way - According to a trader - page 2. (Read 692 times)
Bitcoin's never been dead by the way so it doesn't have to be revived. The bull run is on the way probably. Yes it is true, bitcoin is next to fiat when it comes to payment means but I don't think there is another aside from fiat. Bitcoin at the present is in good status compared to how it was years ago but investors had a taste of a better price a year and a half ago so they are no longer contented and excited with the current value.
I am not much excited with this argument. I don't think that there is any significance attached to the $4,000 per coin level. How can you say that 4K is important to the traders when 3K and 5K isn't?
Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?
Absolutely YES, Bitcoin demand in the nearest future after which it adoption stage has be complete, the price will soar higher base on the demand. I absolutely believe the trader insight into Bitcoin future, Bitcoin will contend with fiat because the era we are now is no longer an analog era but digital era. Hope the current market price be sustain as the price continue to grow.
I guess that prediction came true after all. Look at the price now. I'm just surprised at how much Bitcoin priced in increased in such a short period amount of time. Looking at the chart, it got pumped so hard and it's being stable at the moment. But let's see what is going to happen in the next few weeks.
If there's a support barrier that will keep this price to hang from it's current position it can attract more believers and new investors to look at it and see also the potentials, more people to get involve more rise to comes up and possibility to make a big rise, investors and holders will play a big role around this market, aside from big whales they are the big factors that will make things happened. 
CNBC's Seema Mody interviewed Futures Now traders, Jim Iuorio and Scott Nations last night.
Jim called the $4,000-level of bitcoin value as the PSYCHOLOGICAL LEVEL. Scott also said that he's not into this change in bitcoin value because he doesn't see the fundamentals that would drive it to a new level. Jim also added that people once tried to use gold as substitute to fiat, but they didn't like it anymore, so people searched for another substitute and that's BITCOIN.
I agree with them. Other than fiat, bitcoin is the second most popular mode of payment now esp. in the cyber era where almost everything runs through computers. Bitcoin's value might just need more time to recover esp. with these governments' new rules regarding the use of bitcoin as payment.
Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?
Jim called the $4,000-level of bitcoin value as the PSYCHOLOGICAL LEVEL. Scott also said that he's not into this change in bitcoin value because he doesn't see the fundamentals that would drive it to a new level. Jim also added that people once tried to use gold as substitute to fiat, but they didn't like it anymore, so people searched for another substitute and that's BITCOIN.
I agree with them. Other than fiat, bitcoin is the second most popular mode of payment now esp. in the cyber era where almost everything runs through computers. Bitcoin's value might just need more time to recover esp. with these governments' new rules regarding the use of bitcoin as payment.
Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?
Bitcoin is meant to be used as a peer to peer payment processor, and since it is gaining worldwide attention and adoption, people will adapt and get hold of Bitcoin because they all knew the value will go up over the years, so it's definitely going to soar high in the future but don't expect 41 million in just 3 years.
Bitcoin does not need to be revived because the crypto market place is highly unstable which affects the value of the cryptocurrency. Only market forces really affect bitcoin and when there is a wide acceptance the better for us
The irony is that bitcoin has already died several times. No wonder this has become a joke now that bitcoin is dead along with an adjective such as "officially, truly" and so on. The fact is that a speculative market price of an asset can rise and fall as per trading going on. Nobody can say that it is dead if it remains at low price for a certain period of time. People are speculating on the price, buying and selling as they keep on doing it. There will always be ups and downs and today the market is showing 15% gains on bitcoin. How far that will go is again speculation. There will be a drop soon so be prepared for that.
I guess that prediction came true after all. Look at the price now. I'm just surprised at how much Bitcoin priced in increased in such a short period amount of time. Looking at the chart, it got pumped so hard and it's being stable at the moment. But let's see what is going to happen in the next few weeks.
Bitcoin does not need to be revived because the crypto market place is highly unstable which affects the value of the cryptocurrency. Only market forces really affect bitcoin and when there is a wide acceptance the better for us
bitcoin revival is just a matter of time , with adoption the price increase will come
one way or another it is not going to "die" or "disappear"
the price fluctuates and even compared to the prices two years ago we have 300% + growth
the temporary 18.000$ peak last December was shortlived , but many predict it to go higher than that before 2021
HODL and wait , there is nothing wrong with this simple strategy
one way or another it is not going to "die" or "disappear"
the price fluctuates and even compared to the prices two years ago we have 300% + growth
the temporary 18.000$ peak last December was shortlived , but many predict it to go higher than that before 2021
HODL and wait , there is nothing wrong with this simple strategy
The rise of bitcoin is just a stone throw away and the sudden rise in the value of bitcoin's price proved it all. Many crypto enthusiasts have been making some analysis at the beginning of this year about the rise of bitcoin within this year and i am very glad it is finally coming to pass. The rise of bitcoin will also cause altcoins to rise in value.
First, I say that gold is different from BTC, gold has intrinsic value in the public eye, but gold is not a new innovation, because people before us make transactions using gold. even fiat is an innovation that replaces gold. but I doubt the existence of fiat will last for a long time. but gold has been trusted. the public likes gold, but the public does not like gold to be used for transactions.
second, I am sure BTC will create a bullish market again in the future. 2020 will be the bullish year for BTC.
second, I am sure BTC will create a bullish market again in the future. 2020 will be the bullish year for BTC.
I think that's far away from bullish trend if expect it on 2020 mate, we need to focus more on the nearest possibilities. That's agreeable bitcoin will be into bullish market, and the actual date cannot be pointed out because of it's unpredictable behavior. Currently we seen some slight growth over market pumps but it doesn't guaranteed safe for now. There might be some traps behind it, but it was just a mere speculations so it's always better to monitor certain fluctuations.
With this, I'm always be looking forward to finally came out from the long bears we have and going into the time of bullish.
We are looking good today and it may continue to fly high, and to give complements to all of us.
First, I say that gold is different from BTC, gold has intrinsic value in the public eye, but gold is not a new innovation, because people before us make transactions using gold. even fiat is an innovation that replaces gold. but I doubt the existence of fiat will last for a long time. but gold has been trusted. the public likes gold, but the public does not like gold to be used for transactions.
second, I am sure BTC will create a bullish market again in the future. 2020 will be the bullish year for BTC.
second, I am sure BTC will create a bullish market again in the future. 2020 will be the bullish year for BTC.
I think that's far away from bullish trend if expect it on 2020 mate, we need to focus more on the nearest possibilities. That's agreeable bitcoin will be into bullish market, and the actual date cannot be pointed out because of it's unpredictable behavior. Currently we seen some slight growth over market pumps but it doesn't guaranteed safe for now. There might be some traps behind it, but it was just a mere speculations so it's always better to monitor certain fluctuations.
In any case, today Bitcoin was finally able to break through the resistance and rushed to $ 5,000 for Bitcoin. I don’t know how long this growth will be, but in spite of everything, bitcoin is still fundamentally strong. The blockchain continues to evolve, the demand for blockchain specialists is growing, the number of transactions in the network is steadily increasing. Many large companies create departments for the prospects of implementing the blockchain in their activities. It seems to me that the current fall in prices throughout the year should be viewed not as a bear market, but as a correction after a rise. This is especially evident on the monthly chart.
What does he mean by "PSYCHOLOGICAL LEVEL"?
Anywho, yes, I do believe the value will go up again, in time.
Anywho, yes, I do believe the value will go up again, in time.
PSYCHOLOGICAL LEVEL in a sense that traders are on the line of either keeping it or trading it for a tendency of the btc's value to either take a high jump or drop. This is a bit similar to panic buying/selling where traders feel worried about something that might happened right before their eyes, especially in the world of cryptocurrency where every crypto's value might just take a big change in a matter of seconds.
We're really hoping for btc to regain its high value, and that it will reach the $20,000 level again one day. It's just awkward to think that btc value has once reached $20,000, and then later on, wasn't able to maintain it.
I agree with them. Other than fiat, bitcoin is the second most popular mode of payment now esp. in the cyber era where almost everything runs through computers. Bitcoin's value might just need more time to recover esp. with these governments' new rules regarding the use of bitcoin as payment.
I think you're stretching it a bit too much here unless you are classifying FIAT as literally every payment if so, the only 2 payment methods in the would-be Crypto and Fiat, and the difference is huge here.
Fiat will mostly be on top for regular purchases, like buying coffee or paying for dinner at a restaurant, I don't think mainstream businesses will adopt this new payment method, especially since transactions on BTC takes upwards of 15 mins to confirm, maybe eth since that confirms within a minute.
Bitcoin will most likely be used for new tech, and buying and doing stuff related to it, I feel crypto will dominate online payments over the next 20 or so years.
First, I say that gold is different from BTC, gold has intrinsic value in the public eye, but gold is not a new innovation, because people before us make transactions using gold. even fiat is an innovation that replaces gold. but I doubt the existence of fiat will last for a long time. but gold has been trusted. the public likes gold, but the public does not like gold to be used for transactions.
second, I am sure BTC will create a bullish market again in the future. 2020 will be the bullish year for BTC.
second, I am sure BTC will create a bullish market again in the future. 2020 will be the bullish year for BTC.
I doubt about bitcoin is the second most popular payment method, I still rarely see bitcoin payment acceptances in big ecommerce, but I see a big future for bitcoin, many people are satisfied after using bitcoin as payment, I do believe that the price could go up again, but it still need some time, its better slow and steady rather than fast but in the end got major correction
though it is not the second most popular payment method at the moment, I believe we are going to that direction. if big online merchants will start accepting bitcoin or other altcoins as their payment method, then we might see an immense effect on bitcoin's price. til then, it is better to have a steady increase rather than a steep climb, which is usually a scary thing in crypto.
second ? no its not . bitcoin is the top and will always be the top payment method online . and i agree on you guys that its better to see steady small increase than huge pumps but in volatile conditions . when it comes to rivals , sure there are lots of rivals for bitcoin but none of them ever succeed to de throne bitcoin . now there is another rival on the way ? well good luck to him .
I doubt about bitcoin is the second most popular payment method, I still rarely see bitcoin payment acceptances in big ecommerce, but I see a big future for bitcoin, many people are satisfied after using bitcoin as payment, I do believe that the price could go up again, but it still need some time, its better slow and steady rather than fast but in the end got major correction
though it is not the second most popular payment method at the moment, I believe we are going to that direction. if big online merchants will start accepting bitcoin or other altcoins as their payment method, then we might see an immense effect on bitcoin's price. til then, it is better to have a steady increase rather than a steep climb, which is usually a scary thing in crypto.
I doubt about bitcoin is the second most popular payment method, I still rarely see bitcoin payment acceptances in big ecommerce, but I see a big future for bitcoin, many people are satisfied after using bitcoin as payment, I do believe that the price could go up again, but it still need some time, its better slow and steady rather than fast but in the end got major correction
Bitcoin recent price showing good signs for worldwide crypto traders. Its obvious that bitcoin will start its run soon but one thing makes me surprised that bitcoin still keeping strong support on 4000$. which traders have got vast knowledge about the crypto bump market situation already getting back on their favourite exchanges IMO. you can see the great difference if you just keep your attention on some exchanges current total volume. where some days earlier in many exchanges volume was far lower but now its increasing day by day. Bitcoin golden time going to come again soon and just be prepared to see that moments.
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