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Topic: BTC is making some noise in the market. - page 2. (Read 550 times)

hero member
Activity: 3052
Merit: 651
April 24, 2020, 08:49:04 PM
#24
I also asked myself why the hell it would rise amidst all this problem in financial industry.
Then, people are spending for food and necessities against the virus.

Now, there is only one news I remember that could really make the price soar like this.
The stimulus check.
I guess it really made an effect to the bitcoin price. They might really be looking forward for the halving.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
April 24, 2020, 06:53:08 PM
#23
We have to wait and see if the up trend is healthy or not, we can’t be too excited for this pump. Well the noise is not that much since we know the capability of bitcoin if the noise spread out in many countries and I’m waiting for more with bitcoin. The only reason I see for the recent pump is the halving, we are so close into this one and people are speculating that much about the halving, people have to prepare for this.
hero member
Activity: 3010
Merit: 794
April 24, 2020, 05:34:24 PM
#22
Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!

5% increase wont be considered out as a halving effect.We should remove into our minds that kind of presumption because talking about that percentage is just like a typical movement of the market.

People are really fan on tagging up crypto market with traditional markets and to current economic condition but this one proves out that crypto nor be affected or not.Its always been unpredictable since from the beginning.

Now we are already close to halving and this recent increase doesnt particularly connect into this one.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
April 24, 2020, 03:58:23 PM
#21
Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!
True. The initial drop we saw was probably mainly due to people going on to panic mode when they saw the stock market crashing along with economy. They thought bitcoin is going to crash too, thus they started to sell and the domino effect took place. Eventually though, the stock market is still going to down, but the price of bitcoin started to recover. At least the upcoming halving event gave people some hope and made them hold their coins. Let us see what happens next.
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
April 24, 2020, 03:20:48 PM
#20
Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!

It is wrong to think $8k bull market because the current market is going up, it is difficult to say that the market is safe or risky now. Because the whole world is now suffering from the Corona virus panic. No one knows how long this condition will last. Crypto follows the traditional market. Now most of the countries in the world have lockdown which is making the economic situation worse every day. So here is another reason to think about it.   

Bitcoin's price may increase as halving is coming. After Halving, it will be understood which trend Bitcoin will follow. And the situation of the world, which way to go is also a matter of observation.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
April 24, 2020, 01:13:57 PM
#19
Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!
Some analysis says that US stimulus package has been the reason behind the spike on the market and even officials from Coinbase has commented about $1200 trade orders.But this is not enough to consider that we entered into bullish trend because still people all over the world suffering from lockdown so they may tend to liquidate again if the period gets extended.
hero member
Activity: 1834
Merit: 566
April 24, 2020, 11:55:40 AM
#18
Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!
First of all, bitcoin nit making any sort of noise or fake market trend and if the situation of the pandemic didnt happen bitcoin would have experience some unbelievable surge in price but the recent surge in price of bitcoin shouldn't be expected to happen simultaneously until bitcoin block halving totally occur.
legendary
Activity: 3472
Merit: 10611
April 24, 2020, 01:58:30 AM
#17
bitcoin is THE market, there is nothing else. when it moves it defines the market direction. and altcoins (if you look at their price against bitcoin) get dumped right away as bitcoin price rises.
besides you are getting excited for a tiny fluctuation (5%) not a rise. it would be a rise if price was testing $8k or broke that resistance otherwise anything below that is just background noise.

This is what people were desperately looking for,
only newbies who think they are "bag holding" bitcoin are desperate for such actions. otherwise anybody else who is aware of bitcoin potential is accumulating it and wishes the price stays here so that they can buy more of it. Wink
sr. member
Activity: 1078
Merit: 256
April 24, 2020, 12:43:38 AM
#17
How this small pump of 5% made  noice in the market? We have been experiencing a stable price since last week. Thus, I wasn't surprise at all when it pumped to $7600. Or even higher pump than that.
 Don't be overjoyed yet. Though it has a good sign of bull run but as long as the resistance level isn't broke yet, there is a possibility of dumping again.
The problem with exiting strategy is that they can esily dumped once they've seen their target. People should assess things and don't let your guard to lose
this small rise might continue but always anticipate the other side and have specific plans just in case.
Take your chance and decide according to how you understand and inforce your position.
hero member
Activity: 2632
Merit: 833
April 24, 2020, 12:44:32 AM
#16
Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

I wouldn't consider this a noise, have you noticed when the price went from $7200-$6500-$6600? Can you call that a noise as well?

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!

Just be careful what you wish for, maybe this is just a bear trap being set so I wouldn't be confident to say that we will going to see $8k and bulls are in the upper hand. Most of the time this kind of jump is either a indicative of a manipulation or bear trap, don't catch a falling knife here.
sr. member
Activity: 756
Merit: 256
HEX: Longer pays better
April 24, 2020, 12:18:30 AM
#16
Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!
If the game was so simple, then many people would have become rich. BTC halving is often the event that makes many people think bitcoin will grow strongly, yes, but sharks also have to handle those who place big Long or big Short. So don't think the green market is good and can invest heavily. Please wait, halving also takes time to grow and I believe that in the future there will be a strong adjustment, then can pump strong.
sr. member
Activity: 1330
Merit: 326
April 23, 2020, 11:52:47 PM
#15
How this small pump of 5% made  noice in the market? We have been experiencing a stable price since last week. Thus, I wasn't surprise at all when it pumped to $7600. Or even higher pump than that.
 Don't be overjoyed yet. Though it has a good sign of bull run but as long as the resistance level isn't broke yet, there is a possibility of dumping again.
hero member
Activity: 2926
Merit: 567
April 23, 2020, 11:01:53 PM
#14
Even in this pandemic scare bitcoin is roaring in the market, only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!
Glad to see the market is moving, but don't expect much on it, yes the halving is fast approaching but the effect is not as powerful as we all anticipated, we use to be very confident when halving is coming but we are in an uncertain time, we should be grateful that the market is stable until the world fixes itself, investors will then be looking for the market to invest again.
sr. member
Activity: 644
Merit: 257
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April 23, 2020, 10:57:39 PM
#13
This is what people were desperately looking for,  and I guess it's halving effect. If the value goes above 8k I will consider it as Bull run is back, hopefully this pump will continue guys just enjoy!!!
I do hope I can enjoy it but 5% still not enough for me to let myself chilling with enjoyment. As you can see, halving is closer but there are probably other reason of this pump and we can assume it is, but the truth is the whales are just playing their hands again. Do you not noticed how fast the market moving last night? Like what other said, this is just a common scenario and we cant simply say a bull run could trigger anytime. If there is a huge pump you know what happen next and sometime the pump it made is the double of the dump it will have.
legendary
Activity: 1834
Merit: 1208
April 23, 2020, 09:58:58 PM
#12
Bitcoin price is very violation, only change 5% / day it's not surprised to me. Moreover in crisis situation, the price will change quickly... you can look how crude oil, stocks, fiat, and many other investment price is dropped so much. We are now in crisis situation not in recover, so the price is not stable and very risky.

You said that probably it's the halving effect, and you can be right, the upcoming halving can generate a FOMO situation for some people with money in hands, but i don't believe there's to much money nowadays to enter to BTC.

Indeed, most people doesn't have much money to invest again especially if people invest in crude oil and stocks. They're afraid and worried to lose this money like his old investment, moreover many employee/worker got laid off or salary cutting from their company. They will only using his money for buy a food for surviving in this situation.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
April 23, 2020, 09:56:45 PM
#11
only today the price has gone up like nearly 5%. Also most of altcoins have followed BTC.

I have no offense to you OP, but is it just me, or is it that such price movements are SO COMMON with bitcoin and with the cryptocurrency space in general that I don't think it's worth creating a topic for it? It's just 5%. We've had A LOT bigger price increases in the past.
legendary
Activity: 2506
Merit: 1394
April 23, 2020, 07:27:05 PM
#10
This only shows that even if we have a not-so-good situation that everyone is experiencing, it doesn't stop for bitcoin to grow in the market. And with the upcoming halving, people will have more interest on bitcoin. I'm excited how will this event will contribute in bitcoin's performance.
Bitcoin is just being a Bitcoin. With these recent pumps when we touched again the above $7,000 after falling it last week, it's kinda a pullback for me and small retest at $7,500+.
This is indeed a good sign for Bitcoin especially the halving is fast approaching, let's hope the weekly candle will close above $7,500 and we can see interesting coming weeks for Bitcoin.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
April 23, 2020, 06:21:49 PM
#9
I don't think there 8k USD is going to be another bull, not yet, the whole market has a red flag because of this crisis and it's difficulty to imagine such scenario during this pandemy
But I'm happy that price is increasing slowly, and above 7k USD, I prefer to stay solid in this situation instead of volatility, it's more healthy to our stress  Grin
You said that probably it's the halving effect, and you can be right, the upcoming halving can generate a FOMO situation for some people with money in hands, but i don't believe there's to much money nowadays to enter to BTC.

This only shows that even if we have a not-so-good situation that everyone is experiencing, it doesn't stop for bitcoin to grow in the market. And with the upcoming halving, people will have more interest on bitcoin. I'm excited how will this event will contribute in bitcoin's performance.
hero member
Activity: 2716
Merit: 552
April 23, 2020, 06:16:34 PM
#8
Way too optimistic about the 5% rise eh? Well, you could be disappointed once Bitcoin starts going down again, but nevertheless your optimism and others too can possibly turn it into a bull run considering the block halving is coming closer, or there are other good news in crypto space that causes a slight upward movement from what considered as a normal back and forth swing from the past couple of days.
Anyway, that $8,000 would be the resistance level, If get pass through it then that'll be a good news despite the struggle of pandemic.
legendary
Activity: 2366
Merit: 1408
April 23, 2020, 05:55:59 PM
#7
I don't think there 8k USD is going to be another bull, not yet, the whole market has a red flag because of this crisis and it's difficulty to imagine such scenario during this pandemy
But I'm happy that price is increasing slowly, and above 7k USD, I prefer to stay solid in this situation instead of volatility, it's more healthy to our stress  Grin
You said that probably it's the halving effect, and you can be right, the upcoming halving can generate a FOMO situation for some people with money in hands, but i don't believe there's to much money nowadays to enter to BTC.
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