Topic: Bitcoin surge in the last 24hrs (Read 789 times)

Of course, as I have said, Bitcoin is very volatile, unpredictable, although others thought that they can predict it because they have this tools called technical analysis. But for the majority of us who don't use TA at all, very hard to predict and so we can only say that "anything can happen", meaning it is unknown but there is a big possibility that in the future we might see the price to go up.

We are in the bull run already, $70k could just be a entry point as we have seen that before and we even have a new all time high prior to the halving. But with halving itself being viewed as the catalyst for a bull run, yeah, we might see another rise to even 6 digits in the last quarter of the year or at least when we see who is going to win in the US election.

When we say the phrase 'anything can happen' I think there is no time frame for it but things can come even in an instant or later than the dates that we are expecting. I won't only say that there is no assurance, as that sounds that there is no possibility for that thing to happen anymore.

BTC is a volatile crypto, so there is no way that it can maintain a value, especially for a long period of time and it's easy for the price to go down than for them to go up because people are here for the profit and it can mostly be achieved if we are going to sell our possessions. We are still at the recovery phase and those who kept looking at their portfolio sounds so excited. I think they should minimized that. They better treat things easily and smoothly only because this is the ones that can make them to HODL longer and makes them to earn a bunch of profits.

What we see is what we get, so even if we disagree with this, things are already there happening but this is something that we can't say bad because like you said there, we are still benefiting with the positive effects that it gives to BTC. Anyways, $70k is still a normal price point for those who are not new in this market. I am still expecting that another rise can happen and it must be a strong one especially when the Election is already over and Trump finally won the battle.

It's overall confusing situation for most and it's understandable, there are so many things that can go wrong and could heavily affect the market



these news will make any technical analysis useless and will create hard time to navigate around the market for sure.
we all want the overall world situation to be well but the reality is that, there are many potential things that could drive the market not limited to crypto but stocks as well to go down.

but at least BTC now recovered back to $58k level though the possibility for it to go below $50k is still there.

Election is still in November, so anything can happen, although we might have to agree that Trump has been using Bitcoin in his favor and then we have a good spike in the price, reaching as high as $70k. But it's not an assurance, or at least we didn't see the price maintained that level as we have been dragged and go to $50k. The good news is that we have recovered to $57k, and I do agree that every dip should be taken as a opportunity to buy more. So good for those who have bought already and for sure they are looking at their portfolio, full as we might have to go and try to reach $60k'ish again.

Public figures and politicians can play a role in the media to influence market conditions, but it is not a strong factor that can happen at any time. Let's say it's true and the news that appears can have both effects that you mentioned, but I believe it is only temporary. In terms of investment, people see two different things, how to take advantage of the opportunity to accumulate purchases and take advantage of the upward momentum to sell them. This step is considered a position that needs to be recognized so that investments can run according to the desired target.

Don't focus too much on the news produced by anyone, even though sometimes it is true. Because if investment relies on other people's thoughts or the effects of the news produced, it will be difficult for us to determine the direction of investment. It is better to focus on collecting and creating strategies so that we have conclusions in running the investment correctly.

One piece of news could change things suddenly in the near future. It could be a positive change or a negative change. Don’t be surprised.
It’s possible that Donald Trump’s campaign could be a factor in driving the price of Bitcoin up, but it’s not the key factor, although at this moment in time the percentage of buying could increase, plus the current position of the price chart is pointing down to 3.20% in the last hour. This would be a buying opportunity.

He could be the one that might push this Bitcoin rally to $100k or higher this year and to the next year. But not going to be easy and there could be a lot of surprises a long the way. The Trump campaign will take months, election is on November, so there could be news that will push the price again or market just really going up because of the economics of Bitcoin, law of supply and demand.

So again, we should be really going long or look at the bigger picture. Currently after peaking at $70k during Trump's speech, the price decline again to $64k. So there are still people who sells and try to make profits instead of HODLing so we can't blame them for that. But at least we should stay in the market and I'm expecting that we might see $80k-$85k at the end of the year and for sure others too have this prediction in hand.

There are times when we will be shocked again with reality that is not in accordance with the price predictions that have been taken because of an action taken by someone who has an influence.
I support Donald Trump's ideas related to Bitcoin and because of Donald Trump's campaign, the Bitcoin price market has good support in terms of price. Hopefully what he says is not just political nonsense.
Do not 100% believe in the factors that have the effect because we could just one day the thing that was thought did not happen.

Yes, that's right. I'm also not sure if Trump is elected, he will fulfill his promises because we all know that politicians are evil, often breaking their own promises. So I see the rise of bitcoin not because of Trump, the history of bitcoin will continue to repeat itself even though the time is different because bitcoin stands alone and does not depend on political figures.

Yes, it is undeniable that the words of world figures sometimes have a big influence on market prices, but it doesn't last long because bitcoin will still recover. This is the same as after the previous Halving cycle, bitcoin was difficult to predict, but after a few months bitcoin rose significantly, this also applies after this year's Halving, bitcoin will continue to rise rapidly. Now bitcoin is slowly stabilizing, it is not impossible that by the end of this year bitcoin will create a new ATH that has never happened before. Putting hope in Trump is a mistake in investing in bitcoin, even though when the shooting occurred the price of bitcoin plummeted, but bitcoin did not take long to recover. Bitcoin is safer if invested in the long term.

It will still be up to Trump because if he breaks his promises and continues to enact market-unfriendly policies, there will be no short-term breakthrough for bitcoin. On the contrary, if he keeps his promise and appears friendly towards bitcoin, there will be strong positive reactions towards bitcoin as well as the market as a whole.

It can be said that it is still very early to confirm anything because we all know that politicians are very cunning and ignore every promise they make to us once they have achieved their goal. I won't put all my hopes on what he promises although I will vote for him.

According to the ability that we can bear and run because some people have the ability to adapt to short term investment to make a profit and some other people much prefer long term investment. When talking about investment, it definitely ends up talking about profit and there is nothing wrong when people use one or both at the same time. It depends on our own ability to choose and run which one and most importantly we understand the methods and strategies we want to do so as not to get unexpected losses.

Everyone must have a different version of both and that is a unique difference. For example, I choose long-term investment and it is not certain that people are not involved in short-term investment. As long as it is profitable when run, then do it because this is actually what we are looking for in an investment. On the other hand, with trading when they master how to do it, they will say that trading is much faster to produce.

I don't know if you have seen the recent surge in price after Donald Trump speaks on the Bitcoin conference, but it went as high as $70l. Unfortunately, it didn't sustained that big run of ours, I though we might at least stay on that level before the end of the month.

Nevertheless, it's a good sign, we still rely on the news and so in the next couple of months, if Trump wins that election who knows, maybe we are about in the $80k or even higher that that time as Trump could be the catalyst in this bull run for all we know.

We know that politicians are not keen on fulfilling the promises they make during their campaigns, but after the bitcoin conference on Nashville, Trump made a great deal of claims there, so if he were to not fulfill a single one of them this will become a problem down the line for him and his party.

So if he wins, I suppose that he will have to at least fulfill some of those promises, to keep those that will vote for him on those grounds happy.

I see it getting as high as $69,200, but not enough push to $70,000 or higher. So I guess there are speculators who sold along that price and even in weekends where I assume that they are somewhat taking a big break, they are not as the price goes down to $67, 500.

So really fast action in the last 12 hours or so and for sure they are glued on their computers pulling that sell order and to squeeze some profits this Sunday. But the market is strong, and hopefully at the end of this month, at least a good $69,000-$70,00 will be a fitting end for this month and we will go and see another month and then continue with the momentum of gaining a few %. Not that big, but enough to continue our green candles.

I don’t want to think that it’s the major reason, but undeniably, that incident creates a significant price increase for bitcoin. But asked if Trump is really into all out support for cryptocurrency particularly bitcoin, maybe for now because he’s still trying to win the hearts of the crypto community, but wait until he wins and sits on his position, then we will find out his real motive on bitcoin.

Really fast action recently and again today, fast up brief sell and recovery all to recognizable points on the graph.   People are playing the numbers like its a pinball game and all on a weekend.    In any case the close to this weekly bar will be bullish and a good recovery.

The only negative question and a slight one is if we can top 70 to 72k in this short term cycle of BTC.  I dont think failing to pass that measure as happened today is really a big negative, overall the recent dip was shallow and that usually means bullish attempts higher are not singular in occurance.

Traders will end up buying and selling daily and try to make profit, that is what they care about and I think they are not really making a mistake by thinking that way neither, they are dealing with something that is not that bad. This is why I suggest that we should keep considering what to do and how to do it very well, I believe that will definitely be something not so bad at all.

We should consider what would be greater, long term investment or day trading? To me, long term investment is a lot better and that is why I prefer that and do that, but I can see some people saying trading is better, and that is why those people will not regret selling, because while they are constantly selling, they are also constantly buying as well, meaning that they do not really have anything they need to worry about at all.

It is important to have mitigation about how a person places two directions in investment and its goal so that we can continue to benefit from the investment. Short -term can be used to get small profits and this aims to get profits as a support to meet long -term investment. Because it becomes a reference for someone to take consequences and is a choice that must be carried out consistently is a long -term investment, especially for bitcoin. Why do people say about utilization because this is talking how we can generate profits under any conditions.

If the opportunity to generate profits in the short term is available then do it because we need money. But the most important thing is how long -term investment must continue to be improved because that way we will get financial freedom that is far more consistent. Every time there is an opportunity from there we must start and most importantly not greedy and do not invest in a hurry.

To answer the poll, it doesn't. Bitcoin is bitcoin, no matter wherever you are in the world. There are rare cases like Iran and NK, which would be very different and difficult to handle because of the issues they are facing, but aside from that I am pretty sure that we are not going to deal with anything that will take that much time.

I personally believe that the best thing to do would be just making sure that we are dealing with something that will take some time. Location is unimportant, and if you live in any other nation, like a normal regular nation that can trade with others etc, then it is going to be same in all of them.

Going back to surge, we had a good week, or even can say that it has been a good month, but right now we look like we peaked at this run, maybe I am wrong and it could go up some more, if that happens it would be awesome because I am holding some, and I would love to see it go up. However, it could start to stay stable for a long time as well, it happens in crypto a lot, while it is volatile when it moves, sometimes it doesn't move at all and we could just end up with something very different, not going to be the same and we are going to end up with a different result.

Although this can be good for you to do regularly at any time with slightly different moments, I think you also have to have a certain amount of assets that you place into long-term investments while enjoying your work in generating profits in trading like that. Because if you always sell Bitcoin at a certain level of profit and forget to save some of it as an investment asset, it's possible that feelings of regret will come to you after you are unable to buy back the Bitcoin that you have sold now in the future.