Bitcoin sentimental discussion for November - page 2.

tygeade

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Quote from: STT on November 05, 2024, 01:03:06 PM

Its actually looking very good today. Lowest prices since the recent peak have refused to resume the prior half year decline or holding pattern we had.

So the peak of March April May June and July those prices in a pattern form the basis of the recent low we've traded off higher today. I wont post the chart for it since its just my own personal take and theory as to a pattern we had previous.

Stated simply if we are above 69k like today be far more optimistic, I think it can launch from this position. So long as Bitcoin has this area as a support not resistance or ceiling then its primed to go higher.

Alot of news today but Ive always found the chart is far more reliable and impervious to bias. Target upside 73k prior ATH.

Yeah, 70k seems like a good "drop" in prices, I believe we are going to do a lot better because if this is the drop then the return should be higher after this. Too many people are looking at this like it's a bad thing, but the reality is that failing to go under 70k for long time means that bears are not there yet, and I believe that will be the case for a while now.

I do not think that we will go under 69k, doesn't look like there is enough sell pressure to make that happen, of course that could come out of nowhere and suddenly drop it, but by the looks of it, there isn't one for now. That means, when people realize that the price can't go any lower and there aren't enough sellers, they will just end up buying instead.

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Quote from: CryptoBuds on November 06, 2024, 03:33:55 AM

-snip-

By the way, the election seems to be over and the news of Trump's victory is spreading, and you can also see that bitcoin has hit a new ATH along with his victory.

In an instant, the green chart went straight up to $75,000. That means the previous ATH was broken today.
Trump is one of the factors that caused the Bitcoin price to increase even though I can't prove it scientifically. I think after the $75,400 that has been witnessed, people will be waiting for when $80,000 is reached and they will be ready to move Bitcoin to sell.

If they do sell in the middle of market conditions like this, I think they will see people get a big return from the higher price again.

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Quote from: Cryptoprincess101 on November 05, 2024, 02:49:10 PM

Quote from: CryptoBuds on November 04, 2024, 11:27:16 PM

No one is saying bitcoin will crash but a correction is inevitable if Harris wins. Simply because the market is betting more on Trump, so if things don't go as expected, it's normal for bitcoin to dump in the short term.

But a serious note, i'm yet to comprehend why people are having the feelings that the price of bitcoin will dump if Kamala Harris wins because it is really the activities of bitcoin in the market after the election results have been announced that will determine if the price experiences a rise or fall. If Kamala Harris wins, for me it won't have any much impact in the price both positively or negatively, the only thing that will affect the price of bitcoin will basically depends on her post-election speech if she wins. If her post-election speech doesn't go in favor of bitcoin then the price may DIP a bit, but it does not mean that it won't rise again after it has undergone some corrections.

As South Park said, the market moves on rumors and the market has been betting on a Trump win, so it's not too hard to predict that there will be a correction if things don't go as expected.

No matter who wins, they will never mention the market in their speech because it was never the focus of the election in the first place. So don't expect that even if Trump wins, he won't mention it, let alone Harris. To know exactly how they will behave towards crypto, we need to wait until they officially take office in January 2025 and the policies they enact then.

By the way, the election seems to be over and the news of Trump's victory is spreading, and you can also see that bitcoin has hit a new ATH along with his victory.

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Quote from: Cryptoprincess101 on November 05, 2024, 02:49:10 PM

Quote from: CryptoBuds on November 04, 2024, 11:27:16 PM

No one is saying bitcoin will crash but a correction is inevitable if Harris wins. Simply because the market is betting more on Trump, so if things don't go as expected, it's normal for bitcoin to dump in the short term.

But a serious note, i'm yet to comprehend why people are having the feelings that the price of bitcoin will dump if Kamala Harris wins because it is really the activities of bitcoin in the market after the election results have been announced that will determine if the price experiences a rise or fall. If Kamala Harris wins, for me it won't have any much impact in the price both positively or negatively, the only thing that will affect the price of bitcoin will basically depends on her post-election speech if she wins. If her post-election speech doesn't go in favor of bitcoin then the price may DIP a bit, but it does not mean that it won't rise again after it has undergone some corrections.

The markets move on rumors, Trump is considered to be the most friendly candidate for bitcoin at this time, whether he will fulfill his promises is a completely different matter, and Kamala is seeing as the opposite, so I have no doubts that if she wins we may see a small dip, however if market manipulators can induce weak hands to panic, it is even possible a significant correction may actually happen and the price may experiment a bigger drop.

Cryptoprincess101

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Quote from: CryptoBuds on November 04, 2024, 11:27:16 PM

No one is saying bitcoin will crash but a correction is inevitable if Harris wins. Simply because the market is betting more on Trump, so if things don't go as expected, it's normal for bitcoin to dump in the short term.

But a serious note, i'm yet to comprehend why people are having the feelings that the price of bitcoin will dump if Kamala Harris wins because it is really the activities of bitcoin in the market after the election results have been announced that will determine if the price experiences a rise or fall. If Kamala Harris wins, for me it won't have any much impact in the price both positively or negatively, the only thing that will affect the price of bitcoin will basically depends on her post-election speech if she wins. If her post-election speech doesn't go in favor of bitcoin then the price may DIP a bit, but it does not mean that it won't rise again after it has undergone some corrections.

_BlackStar

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Quote from: mich on November 05, 2024, 12:22:02 AM

Well I do think this month November will be a 'bullish' month for price of Bitcoin. We did see almost a new all time high but then there was a small correction in price. But it does not mean it will not happen for us before the month is up.
But I do think so this week we can see a new all time high. When the American elections is over I do think price of Bitcoin is going to be more 'bullish'.

I'm also optimistic about a new ATH throughout November - but I can't completely rule out the downside that could be caused by the outcome of the US presidential election. Today the market is moving quite well and looks like a recovery attempt - but it is still too early to have confirmation that the correction is over and the bullishness has begun.

As I write - bitcoin price is back trading around $70K plus. The lowest price in the last 24 hours was $66K - so this increase is enough to increase our optimism for November. Nevertheless - I think many investors will still wait for the US election results before entering the market.

STT

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Its actually looking very good today. Lowest prices since the recent peak have refused to resume the prior half year decline or holding pattern we had.

So the peak of March April May June and July those prices in a pattern form the basis of the recent low we've traded off higher today. I wont post the chart for it since its just my own personal take and theory as to a pattern we had previous.

Stated simply if we are above 69k like today be far more optimistic, I think it can launch from this position. So long as Bitcoin has this area as a support not resistance or ceiling then its primed to go higher.

Alot of news today but Ive always found the chart is far more reliable and impervious to bias. Target upside 73k prior ATH.

virasog

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Quote from: GigaBit on November 04, 2024, 12:54:17 PM

There are only a few hours left for the election and everything surrounding this election will begin to have an impact. October was a special month for Bitcoin. The month of November has also started and already the price of Bitcoin has started to rise again after a slight decrease. If Trump wins the election, this month could be known as a special month for Bitcoin, and if Kamala Harris wins, then Bitcoin will definitely retreat from the current situation. That is, the value of Bitcoin will fall. But since there is no certainty of which team will win, there is also uncertainty about what level the price of Bitcoin can reach.

I believe if Trump wins Bitcoin will hit a new high this year and November will be one of Bitcoin's best months. But looking at the situation, we can admit that Bitcoin will not reach 30k by any means. If one assumes such a value then it must not be realistic.

Usually, the November month is good for cryptocurrencies but this time the result of the US election may play a bigger part in determining how this month will be good or bad for bitcoin. In case, Trump wins the election i think we will see some spikes in bitcoin and may well break the all time high within this month.

In other situations, where Trump may not be the next US president, we may see some pressure holding this price level but it will be temporary and by the end of November we shall be seeing the all time high again. The reason is that bitcoin bull run will always be there, regardless of what happens in political elections.

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Quote from: Oshosondy on November 02, 2024, 02:58:20 PM

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What do you think, will bitcoin rise November?

It remain just three days to the United States presidential election. Some people think that if Kamala Harris wins, bitcoin may drop a bit before going back up. Some people believe that if Donald Trump wins, that the price of bitcoin may increased to ATH.

We do not know yet who is going to win. And also without knowing yet who would win, do you think bitcoin price will increase this month?

Last 2020, Bitcoin went up 40% for the month of November.
I'm not saying that it will go up this year, but I think the result of the US election will have a significant impact towards the sentiments of the investors for this month of November.

For many that are into crypto, they want Trump to win because he made good promises with regards to Bitcoin (of course we'll take it like a grain of salt only). If Harris wins, the sentiment will be negative hence, we will see a small correction before it goes up again... or will it be if she wins? Bitcoin's price during the November of last year went up 8%, and I looked at the history of price movements of Bitcoin during the month of November and, there's no pattern whatsoever.

It's hard to make predictions right now, but let's see how the US election goes because like I said, the results of the elections will have a significant impact to the price movement of not only Bitcoin, or the crypto market, but maybe in other markets as well.

mich

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Well I do think this month November will be a 'bullish' month for price of Bitcoin. We did see almost a new all time high but then there was a small correction in price. But it does not mean it will not happen for us before the month is up.
But I do think so this week we can see a new all time high. When the American elections is over I do think price of Bitcoin is going to be more 'bullish'.

CryptoBuds

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Quote from: GeorgeJohn on November 04, 2024, 05:24:03 PM

The price of bitcoin getting increased and it doesn't lie on America president, if other countries accepts bitcoin that doesn't mean that bitcoin will not increase if Harris becomes the president of United States of America she can't make bitcoin to crash, can someone outline five reasons that will make bitcoin to reduce in value when Harris becomes the president? And the reason why will bitcoin increases in value if Donald Trump becomes the president of America, because they are not holding or owning a large companies like amazon or mackbooks companies

No one is saying bitcoin will crash but a correction is inevitable if Harris wins. Simply because the market is betting more on Trump, so if things don't go as expected, it's normal for bitcoin to dump in the short term.

In the long run, new government policies will impact the growth of bitcoin. No matter how decentralized or anonymous bitcoin is. But the truth is that it cannot exist independently of our economy and the economy is completely dependent on our policies. So we need a friendly and supportive government instead of one that seeks to hinder its development.

So far, Harris has remained neutral when it comes to cryptocurrencies, which isn't necessarily a bad thing, but is worrying when compared to Trump's public support for cryptocurrencies.

Nothingtodo

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Quote from: GeorgeJohn on November 04, 2024, 05:24:03 PM

The price of bitcoin getting increased and it doesn't lie on America president, if other countries accepts bitcoin that doesn't mean that bitcoin will not increase if Harris becomes the president of United States of America she can't make bitcoin to crash, can someone outline five reasons that will make bitcoin to reduce in value when Harris becomes the president? And the reason why will bitcoin increases in value if Donald Trump becomes the president of America, because they are not holding or owning a large companies like amazon or mackbooks companies

Bitcoin is now not only among common users but also used as one of the main tools of world's famous political parties. But whether Donald Trump or Kamala Harris are president, their importance on Bitcoin will always be there because the politics of Bitcoin is very important in America. Both presidents will have to politicize bitcoin for now. But very soon we will know who will be president and who will or will not care about Bitcoin.

GeorgeJohn

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The price of bitcoin getting increased and it doesn't lie on America president, if other countries accepts bitcoin that doesn't mean that bitcoin will not increase if Harris becomes the president of United States of America she can't make bitcoin to crash, can someone outline five reasons that will make bitcoin to reduce in value when Harris becomes the president? And the reason why will bitcoin increases in value if Donald Trump becomes the president of America, because they are not holding or owning a large companies like amazon or mackbooks companies

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Quote from: Pandu Geddon on November 04, 2024, 10:31:41 AM

We have seen a small drop now but I don't think it will be deeper. this month the chart might move sideways even when the election announcement is published it might not have a big impact. The end of the month or early next month might be a good moment when Bitcoin is moving pretty stable now.
I don't know how much impact the election will have on the current bitcoin price. but I hope it really makes a new ATH instead of a long term drop.

I don't think it will go down much in price, according to analysts it may not go down below the $61k level, I think it won't go down much.

If the candidate who is against cryptocurrencies wins in the current elections , I think it will go down but not by much, I have faith that by 2025 there will be an Early Christmas.

$61,000 Is Bitcoin' Line In The Sand For ETF Demand To Remain Steady, Says Analyst

Quote

Options market sees increased end-November $75,000 calls, indicating expectations for significant Bitcoin price moves post-election results.
Benzinga’s Future of Digital Assets event on November 19 will explore the election’s impact on Bitcoin and ETF flows.

"As long as the BTC price holds above $61,000, ETF demand should remain steady, in my opinion," he stated in a post on X on Monday.

QCP Capital provided additional context on the market's current state, emphasizing caution amid political uncertainty, stating that vice president Kamala Harris and former president Donald Trump are locked in a tight race as odds on Polymarket have moved closer to actual poll estimates.

While Polymarket odds currently favor Trump at 55%, this is a significant decline from 66% a week prior, reflecting a more balanced electoral outlook.

This uncertainty has kept leveraged perpetual positioning in check, with figures dropping from $30 billion to $26 billion across exchanges, signaling cautious sentiment.

Original Source:https://www.benzinga.com/markets/cryptocurrency/24/11/41715056/61-000-is-bitcoin-line-in-the-sand-for-etf-demand-to-remain-steady-says-analyst?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

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At the beginning of October before that bitcoin experienced a correction and now at the beginning of November is doing the same thing but there is a possibility that at the end of the month bitcoin will go back up in the end, I don't know what the scenario will be but about optimism of course hoping for a positive direction.

US election? As it will be an interesting narrative in our discussion especially on social media, as bitcoin lovers expect Trump to win to be more dominant again to bitcoin, some results show Trump is still above Kamala, maybe it can be a breath of fresh air to see.

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Quote from: Oshosondy on November 02, 2024, 02:58:20 PM

I have not noticed any topic about sentimental discussion about bitcoin price in November. If there is any thread about it, you can let me know. But I have gone through the recent threads on this board but I did not see November discussion for bitcoin.

What do you think, will bitcoin rise November?

It remain just three days to the United States presidential election. Some people think that if Kamala Harris wins, bitcoin may drop a bit before going back up. Some people believe that if Donald Trump wins, that the price of bitcoin may increased to ATH.

We do not know yet who is going to win. And also without knowing yet who would win, do you think bitcoin price will increase this month?

Elections should definitely play a big role, there will be a lot of people who will make a ton of movements without a doubt. I am not saying that we are going to end up with a great result one way or another, I am just saying we are going to see a huge increase in price in either case.

Because there are so many Americans, including retail and corporate, who are waiting for this to be over before they make their decision. I am not saying they will invest based on who wins, they are just going to invest based on market movements reactionary to election results. So that is why we are going to end up seeing what will happen, we just need some more time and with enough time we are going to end up with a bigger price no matter what.

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There are only a few hours left for the election and everything surrounding this election will begin to have an impact. October was a special month for Bitcoin. The month of November has also started and already the price of Bitcoin has started to rise again after a slight decrease. If Trump wins the election, this month could be known as a special month for Bitcoin, and if Kamala Harris wins, then Bitcoin will definitely retreat from the current situation. That is, the value of Bitcoin will fall. But since there is no certainty of which team will win, there is also uncertainty about what level the price of Bitcoin can reach.

I believe if Trump wins Bitcoin will hit a new high this year and November will be one of Bitcoin's best months. But looking at the situation, we can admit that Bitcoin will not reach 30k by any means. If one assumes such a value then it must not be realistic.

Poker Player

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The OP could have created a poll while he was at it. In my opinion, November would have to bring movement to bitcoin but maybe not what everyone expects. A lot of people expect that if Trump wins the price will go up and I wouldn't be surprised if the opposite happens. And I wouldn't be surprised if the price goes up if Kamala wins either. The only thing that is clear to me is that the trend for the next 12 months is going to be bullish and in the very long term as well.

About November I think it could be the beginning of the bull run, but who knows.

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Quote from: Oshosondy on November 02, 2024, 02:58:20 PM

We do not know yet who is going to win. And also without knowing yet who would win, do you think bitcoin price will increase this month?

We have seen a small drop now but I don't think it will be deeper. this month the chart might move sideways even when the election announcement is published it might not have a big impact. The end of the month or early next month might be a good moment when Bitcoin is moving pretty stable now.
I don't know how much impact the election will have on the current bitcoin price. but I hope it really makes a new ATH instead of a long term drop.

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Quote from: mirakal on November 04, 2024, 10:13:46 AM

I guess with or without US election, bitcoin price is still bound to reach its new ATH if not this year, hopefully by early next year.

Pretty likely, yep.

Quote from: mirakal on November 04, 2024, 10:13:46 AM

~

A strong US economy is much more important than the presidential election. No matter who wins tomorrow. If the economy remains strong, we will see higher Bitcoin prices in the future.

It's always been like that, solid economic data counts much more than vague words from politicians that may still change after the election.

For that reason, I don't think a Kamala win is terribly bad for Bitcoin and a Trump win is not super positive for Bitcoin.

If we get dips, you buy them.

Topic: Bitcoin sentimental discussion for November - page 2. (Read 837 times)