Topic: BTC parabolic bull run will not happen everytime - page 2. (Read 485 times)
As much as the bull run is not expected all the time but the one for this year is long over due so as to give life to the markets all over again. I did read from John Mcafee's tweets earlier today that we should get ready for the bull run!
It's right that "patience is the key". Because, in the world of cryptocurrency it's always uncertain to why prices drop or rise, it can happen at any time. It's the best if the users hold onto the coins without losing patience.
As far as bitcoin's bull run is concern, I believe that there was a minor bull run yesterday and it was good. It also helped other coins to go up. This is the best thing about bitcoin, the mystery of its own. I believe that last time, before the fork last year. There was a minor setback of bitcoin in August. I thought that the downfall of bitcoin mid july, was something to say that crypto is dead. Technically it's not.
yes true last year's price reached ath 20k is not healthy because more fomo's effect than and maybe price manipulation by the whales. but I'm sure this year the price will try to ath again maybe big news will be there in august tomorrow let's wait
the peak, we have inflated expectations and people think price will never stop rising. Then we crash and most people become disillusioned. Then we return to the mean and wait -- almost in dormancy -- until the next run gets triggered.
That's why experts says SELL when others are greedy and BUY others are fearful. Also, you need to adjust your investment strategy according to market condition. Not many can be exact true about top of high and bottom of the low, some may buy or sell into that exact point by chance and by expertise but otherwise all others cannot figure out the exact top or bottom.
There's a huge difference when we say bull run and futures bull run, i felt that futures has increased pressure on bitcoins and it broke down under the heavy expectations
I think that's generally correct, although the launch of futures was just one piece of the overall "peak hype." There were inflated expectations all around. I felt the same thing in 2013.
The bubble/deflation cycle is only natural. I've studied the past runs quite a bit and the best model I've found is one of repeating hype cycles. They're sort of like sine waves as well. At the peak, we have inflated expectations and people think price will never stop rising. Then we crash and most people become disillusioned. Then we return to the mean and wait -- almost in dormancy -- until the next run gets triggered.
Transfer fee is now pretty low.
0.07 USD for normal and 0.09 USD for priority transfers.
I am going to spend some BTC on ETH! Gas for the engine.
0.07 USD for normal and 0.09 USD for priority transfers.
I am going to spend some BTC on ETH! Gas for the engine.
I'm hoping for that parabolic run somewhere inside but I also know that we don't need it. Even a small constant rise of 5% a year would satisfy me. The truth is a run for 10000 USD will happen in the next 2 years for sure. I'm willing to bet all my money that we'll eventually at least try to surpass the previous ATH. It can take many years but it will happen 100%.
Indeed, i do not even expect to touch more than ten thousand dollars before the end of the year, it would be something more than good, but let's be realistic a little bit, it is very difficult to make x2 or even more with this current market
when more ppl will come to the market, price will go up, when more ppl will understand the technology behind it, that thing that is limited, so they will try to buy in in any price
I am fully agreed with you. Value of financial material like crypto will not be stable to bull always. If so, no new investor will rise. Sometime it will bear and sometime it will be bull. This is a normal feature of crypto.
The fantastic bitcoin price that occurred at the end of last year probably will not come back to us in the next few years. Everyone has hope that it will happen soon but judging from the bitcoin price movement that continues to decline lately I think it is impossible to repeat this year. Maybe everyone who suffered losses should be more patient again to be able to get back the money they have invested on bitcoin at that time. Right now, we need to be more realistic to look at the state of the market so we have to figure out how to continue to make a profit without having to lose again.
As the blockchain technology is decentralized the bull run of bitcoin will not occur every time. You need to be patient to progress trading with BTC.
There's a huge difference when we say bull run and futures bull run, i felt that futures has increased pressure on bitcoins and it broke down under the heavy expectations, but Noe slowly and steadily it's rising and looking really nice and I'm very happy to see slow but steady gains coming in. I'm expecting it to end 15k but a strong 25k by year end
Yeah, there are too many people holding their BTC because they believe that the coin will go new ATH!
I know bitcoin will have its bullrun this year but hoping for another 20,000 USD each will be a very hard thing to get.
i am atmost 15k this year.
Nope a lot of people are holding onto Bitcoin because they are at a paper loss. Selling it now will only meam cutting their losses and eith no clear signals that it will go down they don't have other options but to hold their BTC. They are really not hoping for a new ATH at this point they maybe is just waiting for their next opportunity to jump ship and that is the break even point. I know bitcoin will have its bullrun this year but hoping for another 20,000 USD each will be a very hard thing to get.
i am atmost 15k this year.
maybe, but a lot of people have been selling because they were at a loss. that is why the price has fallen this much during this time. otherwise if as you say people were holding then there were nobody left to sell so price wouldn't have dropped at all.
the fact that it did drop (more than 70%) shows that majority of traders have been selling their bitcoin and now it is done since the price is no longer going down and instead the volume is there while price creeps up.
The price of bitcoin is very hard to predict. But, if we see last year and compare it to now, then we can see that BTC may rise high at the middle of August. I have an optimistic feeling about this.
While most of the people are awaiting the massive bull run like in 2017 winter again, it will not be a case again. While I wish BTC to go into new ATH before the end of this year, I think that reaching 13K to 14K gradually testing every pivotal point before the end of this year is more realistic and more healthy for the market too.
I am bullish in Bitcoin doesn't mean I am expecting parabolic run every time bulls ticks on. The 20K level that bitcoin reached last year was a enormous craze and mostly FOMO and/or may be manipulation which will not happen again and again. So, the people who bought at 20K will have to wait for few more years for that massive bull run to return, that's why they always says "patience is key".
I am bullish in Bitcoin doesn't mean I am expecting parabolic run every time bulls ticks on. The 20K level that bitcoin reached last year was a enormous craze and mostly FOMO and/or may be manipulation which will not happen again and again. So, the people who bought at 20K will have to wait for few more years for that massive bull run to return, that's why they always says "patience is key".
During the all time high that was witnessed last year which has now become the benchmark to decide whether things are going fine or not, I was among the people who despite being happy about the current happenings was also skeptical about how the increase was just happening without any convincing reason as to why such was we were seeing such increase.
Not to sound pessimistic, I have predicted several days ago that I am not seeing the price touching the all time high anytime soon unless something drastic happen in terms of adoption and awareness or else, I am seeing the year ending on the note $14,000- $16000 if not lower.
That's what i always said,the huge spike in bitcoin price in december is surprising.Most people predict that in the end of the year,it will be the same again.But in my opinion,it will be a long time to make bitcoin reach the new ATH.
The hopeful speculator inside me, and inside all of us, hold history to account. Every time this "parabolic bull run" happened, people advised caution and pragmatism, saying that the best had already come and gone, yet Bitcoin proved them to be wrong a year, two years later. But it's helpful to have that same pragmatism now. We've to concede that the 20k ATH was not quite the same bull run we'd witnessed before, or we'd read about before. It's going to take so much more to bring it back to even that same ATH, and grow from there.
Not that it won't happen. Just that it's unlikely, at least not for the foreseeable future. The math is there, yes, but the reality that needs to be in place for those numbers to happen? We're still groping in the dark for that.
Not that it won't happen. Just that it's unlikely, at least not for the foreseeable future. The math is there, yes, but the reality that needs to be in place for those numbers to happen? We're still groping in the dark for that.
Nobody knows when news bull run will happen, we can all wish we know the time, but it it seems from all the threads that a bull will happen again, it's just a matter of time.
I think we will slowly pick up again and in a few months and thought 2019 we will be in a new massive bull run.
I think we will slowly pick up again and in a few months and thought 2019 we will be in a new massive bull run.
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