BTC rise described as false bull | Bitcointalksearch.org

BitDane

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Quote from: Captain Corporate on February 09, 2023, 08:40:47 PM

It is definitely not a "false bull", it went from 16500 or so levels to 23500+ levels, which is a proper increase and not some small increase. People are too much afraid of the price and they keep making these type of comments and I keep getting sick of it. There is nothing wrong with trusting yourself and bitcoin at the same time, its a good project and you should be able to trust it enough to buy as much as you could afford without ruining your life. I am not saying put all the things you have in bitcoin, you can just put some and trust it, but to avoid it because you think its a false bull? Thats a very bad move and will not end nicely for anyone.

It is possible to be a false bull, even a bull trap. Other refers the current price trend as relief rally, a higher low. Other even stated that we are not yet out of bear market. So I think it is not bad to be cautious in time like this were the Bitcoin trend is in a critical stage of being bullish or bearish. But one thing is sure here. If we believe that Bitcoin will uptrend then we can just continue to accumulate, if we are in for a long term this issue whether this is a bull trap or a bull run will not affect us. we just keep on buying bit by bit until we think we have enough.

BITCOIN4X

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Quote from: lixer on February 10, 2023, 02:04:50 PM

I thought we are already in a bull run? He just said it above. Is he confused or what? But if I were to give my own impression, I will say that we are not yet in a bull run. Mini/tiny bull run maybe, but I prefer to call it as a recovery. We know once the real bull run has arrived when each coins are pumping like crazy and breaking their past ATH's.

For whatever term it is then I think the increase in the last month is really good and also expected. How could it not be, the price has gone up quite significantly since November 2022 even though in the last 24 hours it has down by 4%. The market recovery has been good since last year's low, but a correction is inevitable since February 3.

Quote from: lixer on February 10, 2023, 02:04:50 PM

This is the beauty of being volatile, don't expect that hard dumps can only happen if there is serious negative news.

It's a dynamic, I tend to say.

lixer

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Quote from: Hypnosis00 on February 09, 2023, 05:39:26 PM

Quote from: Swordsoffreedom on February 04, 2023, 11:34:57 PM

This bull run has lasted 3 weeks, and it can be said that it is not a trap, but there is nothing wrong if someone is still doubting everything. Don't forget that bear season is not over yet, so extreme caution should be exercised as bitcoin can correct at any time. To me, this rally is just a short-term rally. The past bullish days have had no notable buy signals in the market to say that the demand for bitcoin is increasing. Bitcoin is very volatile and it can neither fall forever nor rise forever, it is always volatile.

Yes, I don't put it aside that we are still in the bear season but at least we have seen these few pumps that could bring courage for the holder not to give up from waiting. I know how volatile is Bitcoin but I don't think also that we drop again below $20k this year. We have done with the FTX issue that badly affects the market reputation and we are now in the recovery. Might the current pump not be going bullish straight but I know people are happy about the market improvements.

I thought we are already in a bull run? He just said it above. Is he confused or what? But if I were to give my own impression, I will say that we are not yet in a bull run. Mini/tiny bull run maybe, but I prefer to call it as a recovery. We know once the real bull run has arrived when each coins are pumping like crazy and breaking their past ATH's.

Old hodlers knows what they are doing but the one who are truly encouraged about the recovery that we see last time are the newbies. Some says that $20k or less is still possible. Well, anything can bound to happen here. This is the beauty of being volatile, don't expect that hard dumps can only happen if there is serious negative news.

Captain Corporate

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It is definitely not a "false bull", it went from 16500 or so levels to 23500+ levels, which is a proper increase and not some small increase. People are too much afraid of the price and they keep making these type of comments and I keep getting sick of it. There is nothing wrong with trusting yourself and bitcoin at the same time, its a good project and you should be able to trust it enough to buy as much as you could afford without ruining your life. I am not saying put all the things you have in bitcoin, you can just put some and trust it, but to avoid it because you think its a false bull? Thats a very bad move and will not end nicely for anyone.

STT

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I dont think its a bull trap but clearly more then a little pullback has to occur to clear sellers out of the price action. Recent high was weekly average and present price is at the 30 day average, it can stabilize here or continue to harder ground while finding support.

Its quite an abrupt sell but also is in line with Dollar index rising and general market pulling back also. 21k appears to be a far more likely ledge to catch a fall.

BitDane

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Quote from: Hypnosis00 on February 09, 2023, 05:39:26 PM

Quote from: Swordsoffreedom on February 04, 2023, 11:34:57 PM

Quote from: Hypnosis00 on February 04, 2023, 08:59:07 AM

Well, I expect that the majority are not yet convinced with the current situation, doubts remain and I feel that every time when prices increase.
In two weeks of consecutive price pumps, I don't think we still need to think about it as a trap but we rather think this is gonna happen after the year in bearish. Might not be a bullish time in the market but I'd consider this as an indication that the demand is growing. Meaning that one of these days the price of Bitcoin will possibly reach $30k if the momentum won't stop.

This bull run has lasted 3 weeks, and it can be said that it is not a trap, but there is nothing wrong if someone is still doubting everything. Don't forget that bear season is not over yet, so extreme caution should be exercised as bitcoin can correct at any time. To me, this rally is just a short-term rally. The past bullish days have had no notable buy signals in the market to say that the demand for bitcoin is increasing. Bitcoin is very volatile and it can neither fall forever nor rise forever, it is always volatile.

Yes, I don't put it aside that we are still in the bear season but at least we have seen these few pumps that could bring courage for the holder not to give up from waiting. I know how volatile is Bitcoin but I don't think also that we drop again below $20k this year. We have done with the FTX issue that badly affects the market reputation and we are now in the recovery. Might the current pump not be going bullish straight but I know people are happy about the market improvements.

Even though it has been 3 weeks (as stated) for Bitcoin price recovery, I still can't remove the fact that this is still a bull trap. For some reason, I am not fully comfortable with the current surge of the price. This is bullish sentiment is premature and I am still doubting that it will continue to be bullish until the halving. I am worry of some point possible manipulators will cash out trapping bulls and when that happen I am more worry on the possible effect of the incident on the market which is Bitcoin price crashing hard.

Hypnosis00

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Quote from: Swordsoffreedom on February 04, 2023, 11:34:57 PM

Quote from: Hypnosis00 on February 04, 2023, 08:59:07 AM

Well, I expect that the majority are not yet convinced with the current situation, doubts remain and I feel that every time when prices increase.
In two weeks of consecutive price pumps, I don't think we still need to think about it as a trap but we rather think this is gonna happen after the year in bearish. Might not be a bullish time in the market but I'd consider this as an indication that the demand is growing. Meaning that one of these days the price of Bitcoin will possibly reach $30k if the momentum won't stop.

This bull run has lasted 3 weeks, and it can be said that it is not a trap, but there is nothing wrong if someone is still doubting everything. Don't forget that bear season is not over yet, so extreme caution should be exercised as bitcoin can correct at any time. To me, this rally is just a short-term rally. The past bullish days have had no notable buy signals in the market to say that the demand for bitcoin is increasing. Bitcoin is very volatile and it can neither fall forever nor rise forever, it is always volatile.

Yes, I don't put it aside that we are still in the bear season but at least we have seen these few pumps that could bring courage for the holder not to give up from waiting. I know how volatile is Bitcoin but I don't think also that we drop again below $20k this year. We have done with the FTX issue that badly affects the market reputation and we are now in the recovery. Might the current pump not be going bullish straight but I know people are happy about the market improvements.

bettercrypto

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Quote from: Lida93 on January 22, 2023, 09:22:13 AM

The gradual rise in the price of bitcoin as we started experiencing this January 2023 from around 17k to now 23k (as at when this thread was made), is been described by some traders as a false bull which everyone should be careful about, but then, I wonder how something we all have been expecting while approaching the year 2023 is now coming into play, yet some persons still feel it's a false bull, while some others are pulling in more money due to the bull signs of this January. What do we think about this as a community here?

As for me, I believe profit in business comes with risk taking(calculative risk) whether long or short, all anyone should always hold to heart is don't risk more than you are ready to let go in the case of loss.

If we look at the events from December to January, Bitcoin increased a lot from 15K$+ each, then it suddenly increased little by little with the highest being 24k+ just at the end.

This incident may be just a prank hehe, just kidding aside only, but seriously, it's true that what we're doing has a risk involved, so other precautions are needed that on the other hand should still be saved of course. And the important thing is that we should still be risk-takers.

Swordsoffreedom

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Quote from: Hypnosis00 on February 04, 2023, 08:59:07 AM

Well, I expect that the majority are not yet convinced with the current situation, doubts remain and I feel that every time when prices increase.
In two weeks of consecutive price pumps, I don't think we still need to think about it as a trap but we rather think this is gonna happen after the year in bearish. Might not be a bullish time in the market but I'd consider this as an indication that the demand is growing. Meaning that one of these days the price of Bitcoin will possibly reach $30k if the momentum won't stop.

This bull run has lasted 3 weeks, and it can be said that it is not a trap, but there is nothing wrong if someone is still doubting everything. Don't forget that bear season is not over yet, so extreme caution should be exercised as bitcoin can correct at any time. To me, this rally is just a short-term rally. The past bullish days have had no notable buy signals in the market to say that the demand for bitcoin is increasing. Bitcoin is very volatile and it can neither fall forever nor rise forever, it is always volatile.

Jating

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Quote from: Hypnosis00 on February 04, 2023, 08:59:07 AM

Well, I expect that the majority are not yet convinced with the current situation, doubts remain and I feel that every time when prices increase.
In two weeks of consecutive price pumps, I don't think we still need to think about it as a trap but we rather think this is gonna happen after the year in bearish. Might not be a bullish time in the market but I'd consider this as an indication that the demand is growing. Meaning that one of these days the price of Bitcoin will possibly reach $30k if the momentum won't stop.

If we mean that we are in a false bull because the real bull run is right after the block halving. But if we are referring to a fake break out, just like what we are seeing, price seems to jump from lowest low in November and then to $24k++ it concerns other specially TA guys.

But for us you just look at the long term perspective of the our investment, I will say we really don't care about the current trend.

If you we are looking for like the next all time high, and so we just continue to accumulate as much as we can, the price right now is good but we are looking in a bull run to the tune of 6 digits and that is the most important and not analyzing the price short term.

Joshapat

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As investors we don't think too far, many people think too much whether the current increase will continue or bull for a moment to attract other investors then the price drop is worse than in 2022, I think the best thing if we are afraid is to sell immediately when we are profitable, then wait the price drops again to buy, but don't be surprised if the price will continue to rise and become increasingly expensive.

Hypnosis00

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Well, I expect that the majority are not yet convinced with the current situation, doubts remain and I feel that every time when prices increase.
In two weeks of consecutive price pumps, I don't think we still need to think about it as a trap but we rather think this is gonna happen after the year in bearish. Might not be a bullish time in the market but I'd consider this as an indication that the demand is growing. Meaning that one of these days the price of Bitcoin will possibly reach $30k if the momentum won't stop.

bestcoins1

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Quote from: Lubang Bawah on February 02, 2023, 03:53:38 AM

Bulls and bears are commonplace and we shouldn't be too bothered by it, the most important thing right now is to keep buying so that when the price goes up we can get a profit, successful people won't think and analyze too much, let other people be busy for analysis but we busy to buy, when the price rises, the analyst only gets praise that the analysis is correct, but those of us who buy get profit.

That's called buying rashly without using the mind on what he is buying. Because whatever will happen and regardless of conditions that can still change in the market, you really don't have to ignore your own mind for anything including buying. Because doing something without thinking sometimes can also make you miserable, so thinking and analyzing is actually something that must be considered important for every job.

Quote from: Pesona1 on February 02, 2023, 04:45:03 AM

What you said about bulls and bears is indeed commonplace, but in fact bull and bear will greatly affect a person mentality to trade, buy without analysis is stupid in my opinion as well as being busy analyzing but not buying of course it's just talk blank, I personally may disagree a little with what you say about Successful People are Busy Buying , because basically many of them are successful in making profits after they have managed to analyze the market well so far, besides that if you continue to buy without analysis and just following your passion, you can be sure that losses will befall you because sometimes we don't know where the price will go down and when we think the price has reached the lowest point even though the decline continues and eventually our money will be stuck at that price.

This understanding that you provide makes a lot of sense and is also very precise because after analyzing the market and immediately rushing to buy is a very good path for everyone to take. Because at least everyone already knows what they're buying after they've researched it well. But for those who only analyze without buying, it's the same as they won't get anything in a good moment. Vice versa where someone buys without relying on research or his own mind.

LogitechMouse

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I also thought about it, but it's been around 3 weeks since it reached the $20,000 price and also reached as high as $24,000 price.

When I saw it, I thought it was a false breakout and I expect it to go down soon. Now 3 weeks after, I might change how I see it and I guess it's more like, the market really is starting to recover now since it has stayed above $20,000 for 3 weeks now. Let's see if it will stay at that price for a month. Still, I would like to remain cautious because what happened is kind of surprising to others since we don't know what is the reason of this recent price spike.

Overall, it's good to see Bitcoin's price above $20,000 again, but I'll stick to my 2023 prediction that Bitcoin's price will stay at the price range of $17,000-$25,000.

posi

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Quote from: Ziskinberg on February 02, 2023, 09:58:15 AM

I think we need to forget about the fake Bullrun as we are about to recover now. Let us say that we are not really in a bullish market but this is not the thing we consider that the current pump is a trap. It can be fake anyway to other coins but as we talk about Bitcoin, a decentralized project can't be manipulated. Why not let the price of Bitcoin pump when in fact, people were also happy about the situation?

The market will not be forever in a deep situation which is why we expect a pump any time, and it comes.

I can agree that what's going on with bitcoin is not a trap. It was a natural bounce after many days of decline, but technically we are not out of bear season, so we can't say we will recover from here without any further drop.

Bitcoin is a decentralized project which means no one has control over it, but in terms of price, I think bitcoin is still the most manipulated market. The price of bitcoin is not determined by supply and demand, but by whales.

stomachgrowls

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Quote from: Ziskinberg on February 02, 2023, 09:58:15 AM

I think we need to forget about the fake Bullrun as we are about to recover now. Let us say that we are not really in a bullish market but this is not the thing we consider that the current pump is a trap. It can be fake anyway to other coins but as we talk about Bitcoin, a decentralized project can't be manipulated. Why not let the price of Bitcoin pump when in fact, people were also happy about the situation?

The market will not be forever in a deep situation which is why we expect a pump any time, and it comes.

We cant really say that we are really that in a bull run but rather i do believe that it is really just some small percentage recovery.People do really love to rush up things on which they do love to see new all time
highs on the time that they are seeing the price is starting up to climb which we do know that not how this market works and behaves.It would be not a smooth sail ride but rather it would
be involving lots of waves which goes up and down neither on slow or fast pace or everything we could think off and this is how this market works and lets not rush up but
rather we should be wise on taking up positions.

Ziskinberg

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I think we need to forget about the fake Bullrun as we are about to recover now. Let us say that we are not really in a bullish market but this is not the thing we consider that the current pump is a trap. It can be fake anyway to other coins but as we talk about Bitcoin, a decentralized project can't be manipulated. Why not let the price of Bitcoin pump when in fact, people were also happy about the situation?

The market will not be forever in a deep situation which is why we expect a pump any time, and it comes.

Wong Gendheng

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Quote from: inthelongrun on February 01, 2023, 09:47:10 AM

I would not call bitcoin's price increase from $15k to $23k a false bull. That was an increase of 53% or over $200 billion that went into bitcoin. But maybe people are used to the previous bitcoin bull runs and will only call a bull run when it increased to 1,000% or more. So I'll just call bitcoin's previous increase in price a mini bull run but that was not fake. Can we also call bitcoin's previous bull run at $68k fake because it gradually went down to as low as $15k last year? It's just normal that the market goes up and down. A big increase in value means a big correction later since not all investors are looking for long-term holds. There are also investors that are looking for profit and will sell their stake anytime when profits are good enough for them.

Strange if the very large transaction volume is described as false bull, the bigger Bitcoin community makes everything very possible, I'm sure the increase that has occurred is the first step and soon we will see the price of touching $ 50k this year or possible More, the best thing right now is to stop thinking and seeing the analysis, it's better to sell assets or taking a loan to buy bitcoin.

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Quote from: bitterguy28 on February 02, 2023, 06:52:08 AM

Quote from: ilovealtcoins on January 30, 2023, 06:34:34 AM

Quote from: bitterguy28 on January 30, 2023, 02:23:12 AM

Quote from: uneng on January 25, 2023, 06:15:11 PM

It's not a false bull or bull trap, as the tendency is already lasting for a whole month, and probably it will. I believe if it were a trap it wouldn't have lasted for longer than one week. Bitcoin is retaking its previous position from last year, before the time seasonal holidays started, that is usually when people cashout their funds to travel and buy gifts, consequently crashing BTC. However, there can be bull traps soon on Bitcoin's way towards superior price ranges, such as 40,000$ and 50,000$.

still early to say either this is Bull run or Bull trap mate because we have seen something like this before but after a strong growth ? yet it dumped and there are many who had been trapped inside .
but of course with this shows of force from Bitcoin supporters now, we can still have big faith that this is a legit bull run.
and also calling this as false bull is an overstatement , because there is no concrete proof that had been showing this claim.

The actual bull run hasn't happened yet, but I also agree that this is not a trap, it's a normal market movement. Bitcoin can neither fall forever nor rise forever, it is always in motion, and that is what is happening. Regardless if it's a trap or not, but with the price increase, congratulations to those who believed and bought bitcoin for $16k.

actually bullrun or not? what matter most in my part is that I am already winning here and so what I only need to do now is to act accordingly and never to fall from FUD and wrong decisioning , Now that I am earning ? i only watch the market to decide if needed to sell if there is a momentum in dumping , or if this continue to grow then i will hold more.

It's very difficult to just hold on to coins and watch the market as it rises. You must have a strategy in which you sell your coins at the price you thought of earlier. If you don't have a strategy, you can easily panic when the market gets volatile. It is therefore very important to have clear targets before you buy your coins.

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Quote from: Lubang Bawah on February 02, 2023, 03:53:38 AM

Bulls and bears are commonplace and we shouldn't be too bothered by it, the most important thing right now is to keep buying so that when the price goes up we can get a profit, successful people won't think and analyze too much, let other people be busy for analysis but we busy to buy, when the price rises, the analyst only gets praise that the analysis is correct, but those of us who buy get profit.

You are somewhat correct but you have to understand that they existence depends on how the market moves, right now although we are technically in a bear market, we have seen the price going up like in a bull season.

But I would agree that we should continue to buy no matter what scenario we have.

Just needed some money and mental patience to be in bitcoin game for long term, or wait till the next bull run.

Topic: BTC rise described as false bull (Read 691 times)