Bitcoin’s Bull Market: A Long Road Ahead

deisik

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Quote from: 7788bitcoin on July 26, 2021, 01:43:12 PM

Quote from: deisik on July 24, 2021, 04:30:48 PM

We are still in a long-term bull market. Yes, the price went down 50%. Actually, even more than that if we consider the recent lows. However, it was mostly leverage that got washed out (read, shorts margin called and then liquidated). FFS, we are still x3 above the baseline of 2020 at 10k

The bottom line, don't margin trade more than you can safely handle

The market bounced to around $10k in the past two days and if you were shorting you would have burned a hole in your balance as the market recovered considerably and it is a high risk market to take risk like that. I am not confident enough to do margin nor future trades in a highly volatile market like Bitcoin

You can both sell and buy on margin

7788bitcoin

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Quote from: deisik on July 24, 2021, 04:30:48 PM

We are still in a long-term bull market. Yes, the price went down 50%. Actually, even more than that if we consider the recent lows. However, it was mostly leverage that got washed out (read, shorts margin called and then liquidated). FFS, we are still x3 above the baseline of 2020 at 10k

The bottom line, don't margin trade more than you can safely handle

The market bounced to around $10k in the past two days and if you were shorting you would have burned a hole in your balance as the market recovered considerably and it is a high risk market to take risk like that. I am not confident enough to do margin nor future trades in a highly volatile market like Bitcoin.

The next thing i am waiting is whether the market will break the resistance we have around $42k.

Iceblast

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Quote from: fara_buduk on July 16, 2021, 05:04:06 PM

One of the fundamental factors in the price of Bitcoin that we know so far is that there are 21 million Bitcoins which were originally set to be mined in 2140. According to economic law, the depleted supply will certainly make the price increase gradually. However, the price of Bitcoin is of course also determined by the dynamics of the technological and economic ecosystem in the future. Currently, rather than guessing the Bitcoin price in the future, investors are starting to focus on guessing what scenarios are the bearish and bullish sentiments for Bitcoin prices.

for bitcoin in addition to the limited supply, it seems that the public response to bitcoin has been one of the supporters so far.
we can continue to see if the public response enthusiasm is very high the price will be high. it's a natural law that has happened in this crypto market pasar

ALTUS.FINANCE

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Mid-cycle correction folks, mid-cycle correction...

deisik

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We are still in a long-term bull market. Yes, the price went down 50%. Actually, even more than that if we consider the recent lows. However, it was mostly leverage that got washed out (read, shorts margin called and then liquidated). FFS, we are still x3 above the baseline of 2020 at 10k

The bottom line, don't margin trade more than you can safely handle

KevinRosa

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I think this is a normal phenomenon. The bull market is generally divided into three stages.

The first stage is to eliminate panic, and good news is flying all over the sky, steadily rising, which may last for several months.
In the second stage, there is panic and a sharp drop, which may be due to the overbought phenomenon in the first stage. At this stage, various technical indicators have failed and changed at will. You will find that there is no rule, and then the market will fluctuate. , No breakthrough.
The mad cow is here. There is no reason to say that it has gone up wildly and ushered in a large amount of incremental funds. Bitcoin has entered the stage of dreams and emotions.

THANK YOU!!
Persistence is victory. The world of Bitcoin requires recharge of faith and patience.

Gcrypto786

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Quote from: Handpari on July 23, 2021, 11:07:19 AM

This is a market correction, the last one bitcoin went up to 50k this one up to 60k what is next 70-80-100k. It will go back. Up and I'm not saying that because I own alot of bit coin because I dont own any. It history repeating itself. Load up on any crypto right now because the rest will follow.

The prediction was that BTC will reach $100k but it suddenly down and now many analyzers is in doubt that what if BTC repeated the 2017-2018 down market trend? So any investment now is a huge risk in the BTC market.

Handpari

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This is a market correction, the last one bitcoin went up to 50k this one up to 60k what is next 70-80-100k. It will go back. Up and I'm not saying that because I own alot of bit coin because I dont own any. It history repeating itself. Load up on any crypto right now because the rest will follow.

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Quote from: franky1 on July 19, 2021, 03:57:38 PM

i would say the hashrate has seen its ATB all time bottom for 2021
and the price has bottomed out in response..

now its for the rise.

no one can predict how soon-long. how high ..
but the bottom is over with time to move up

How did you come up with the conclusion that

Kasabus

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Quote from: Myleschetty on July 19, 2021, 03:51:05 PM

Quote from: ?? on ??

I bought as much crypto as I could for my atomic and ownr wallets. And ready for a bull run.

I'm not a forecaster but I don't see any bull run market happening this month as the OP said and if the bull run market will happen it won't last because the blood bath will happen soon.

I will advise you not to see every positive thing people say about the market as financial advice.
Dyor

No one can really predict what will exactly happen along the way. The bloodbath might still continue to exist or a bullish trend will suddenly appear. So i still prefer to be more patient and hodl my coins until i see good signs that the market will be bullish again.

But if in the next days, positive news will always be here then for sure it will affect the market especially if it brings along a huge impact into the whole market. Eventually, this bloodbath will start to stop happening and we can see good signs already like prices of the coins start to move in a positive direction seeing them start to surge.

franky1

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i would say the hashrate has seen its ATB all time bottom for 2021
and the price has bottomed out in response..

now its for the rise.

no one can predict how soon-long. how high ..
but the bottom is over with time to move up

Myleschetty

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Quote from: ?? on ??

I bought as much crypto as I could for my atomic and ownr wallets. And ready for a bull run.

I'm not a forecaster but I don't see any bull run market happening this month as the OP said and if the bull run market will happen it won't last because the blood bath will happen soon.

I will advise you not to see every positive thing people say about the market as financial advice.
Dyor

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Quote from: ALTUS.FINANCE on July 16, 2021, 04:57:06 PM

Take a perusal into what awaits Bitcoin in its ascent to glory!

https://altusfinance.medium.com/bitcoins-bull-market-a-long-road-ahead-c5abb0c019e1

It feels like this belongs more in the speculation section of the forum, many people have predictions on the future of Bitcoin but we are all just guessing. At the moment we seem to be in a downward trend and from the articles that I see on mainstream website there is quite a bit of negativity getting attached to Bitcoin in particular. It will definitely always be known as the ground breaking pioneer cryptocurrency but a lot of altcoins are now looking very promising and coming along with ideas that make them a lot more sustainable into the future. Ethereum in particular is getting popular and has the ability to expand with demand in future - which will be essential if it needs to be used for many millions of transactions each day.

ninkdwi

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I bought as much crypto as I could for my atomic and ownr wallets. And ready for a bull run.

I think you are too hasty in choosing something especially the wallet you are currently using. the wallet that you are currently using is one that I really don't recommend you basically it has very weak security and even the risk of you losing your money there will be even greater if for example you still hope and use the wallet.
I highly recommend that you use or replace your wallet with a less secure one so you don't regret it in the future

BrewMaster

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Quote from: ?? on ??

I bought as much crypto as I could for my atomic and ownr wallets. And ready for a bull run.

you are doing everything wrong then.
first of all you are buying altcoins that will dump the day bitcoin trend is reversed and price starts surging up and you will end up losing a lot of money.
secondly you may lose a lot of money before bitcoin rises as the wallet you are using is among the worse wallets that is closed source and too risky to use.

Ararbermas

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I hope with you all guys saying is happen soon cause i dont want bitcoin touch below 30K again Grin

its enough to see my spot portofolio is red

bitcoin still have strong support wherein above 30k so expect it will keep holding until market become fully recovered. Indeed it's been how many attempts, however bitcoin strength still enough to surpass all of those negative issue that occurred after the hard declined.. So for now its good to wait that too sell because 100 percent sure that bitcoin will surge again before this year end. It's always too good to be true. Wink

buwaytress

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Quote from: ?? on ??

I hope with you all guys saying is happen soon cause i dont want bitcoin touch below 30K again Grin

its enough to see my spot portofolio is red

Noone here wants that, but if it happens, just make sure you're ready to take advantage. If you're already into DCA, then it's always a minor boost for much later down the line. Just think about it this way: every bit of coin you get at 30k is going to be worth more than twice as much when it eventually does return to the current ATH. And more on the next ATH and so on.

Fun days for the holders, if they can swallow some of the wait.

traderethereum

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Quote from: Rajamuda on July 16, 2021, 08:19:54 PM

Quote from: ?? on ??

I hope with you all guys saying is happen soon cause i dont want bitcoin touch below 30K again Grin

its enough to see my spot portofolio is red

most people certainly don't want a prolonged price decline, especially for people who do have different circumstances who can't resist having to sell it, definitely hope it will recover soon. I'm sure it won't touch below $30K, just hold on with optimism with the investment being made, it might just take an additional time to get an up-trend.

That is what we want not to see bitcoin price decline for a long time but we do not know for sure and we can only guess.
Hopefully, $30k is the lowest price for now and the next month, the price can increase back.
I do not mind if, in the next month, the price can not still increase to $50k but if the price can back to $40k, that will give a chance for the altcoin to back increase and maybe the altcoin can make another ATH.
Holding our bitcoin tight will be the thing that we should do besides buying more bitcoin if the price is down but we need to manage our emotions because the market can go to any price.

Yaunfitda

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I hope with you all guys saying is happen soon cause i dont want bitcoin touch below 30K again Grin

its enough to see my spot portofolio is red

But that is bitcoin volatility to you, we are already down 50%, all our portfolio are in red obviously. However, if you are not selling then you are not losing any money, not yet. So better be strong psychologically when the price hits below $30k (if it hits that price). Because bitcoin's price is really hard to predict, but I'm still counting that it can reach a new all time high, it's gonna be a long road and so we need a lot of patience in the process.

pealr12

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Quote from: CaVO32 on July 16, 2021, 06:31:07 PM

Quote from: DOH! on July 16, 2021, 06:25:30 PM

Glory is coming. It's not for the impatient, the 100k longer game is slowly opening bigger doors. Several other strong messages will come this July after curbing the sell-off and consumption from GBTC. It's coming, big day. In Paraguay
Sure to see... a bigger affirmation.
-
Source: https://twitter.com/TheMoonCarl/status/1415436756464320513?s=20

Do they have english version of that document? Anyway, maybe after this GBTC, there will be good news that will aid in the uplifting the spirit of btc community. The unlocking of grayscale may only have short term impact. And after that, we will slowly go up again. Once more and more countries are recognizing bitcoin or crypto to be part in their system, I guess, that will give positive influence in the market.

I was expecting to see a huge dump down to 20k or a little above base on the way some news emphasize on the Greyscale unlock but so far so good btc was able to hold it's own ground, I guess the buyers at this time are more than the sellers, if whales are accumulating then btc won't stay in this price for too long,

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