We cannot those people who thinks of such thing simply because we came from a struggling market behavior on the past few months. Also, maybe there is just no concrete reason for the increase which somehow gives doubt to investors on the increase we are currently seeing. Well, I do think that this is just a spike with the market prices resulted from different factors. Still, I am more expecting of a huge increase on market prices next year. Assumption because of what happened in the past and since factors which caused the market price to fall is still existing. There are chances for sudden pumps but there is no certainty of a continuous one.
During the days of price pumping, there is no incident happened connected to bitcoin. This is why people find this growth to be real one. As there is no reason, some connected the fashion show in which El Salvador representative came with a Bitcoin sign. As said the bounce have given hope to the investors as well as gives peace of mind for the people who have been holding for much longer time period. 
Topic: BTC rise described as false bull - page 5. (Read 771 times)
Investors are just impatient with their invest and are eager to make profit that is why they will say bitcoin has hit the bull market,forgetting that they are not speculators and don't understand the cyclic movement of bitcoin. There are reasons for the recent rise in price which we should put into consideration
Relaxing and hodling for long will bring for benefits to investors who are patient and understands the market. Don't be deceive by the little pump in the price of bitcoin to 23k and feel its time to sell as you might regret your actions when the real bull market comes after bitcoin halving.
I think there is nothing like impatient here because the coins belongs to the actual person or investor so i believe he or she has the leverage to sell off whenever he dims fit. For me i think no ones truly understands the volatility of bitcoin and all these talks about fake bull market are just human speculations which is common especially when you have some funds invested in bitcoin. If you come to look at the whole thing, i believe the major speculation on the crypto space are really done and said by major investors saying this words as a means of telling themselves that they can soon sell or not yet time. And again if i bought bitcoin in the price of 15k and sold now thats it 23k, i feel am the one who is going to bear the pain of selling now, when Another ATH is reached but no one actually knows when or how its going to happen. Its just like the coming of Christ Relaxing and hodling for long will bring for benefits to investors who are patient and understands the market. Don't be deceive by the little pump in the price of bitcoin to 23k and feel its time to sell as you might regret your actions when the real bull market comes after bitcoin halving.
it might be this year or next who knows. But i feel or speculates that the facts about the bitcoin halving is what is going on now currently with bitcoin. I believe bitcoin is just in the phase of building momentum for the big bull run so everyone should just choose wise wisely what they have to do with their coins .
Investors are just impatient with their invest and are eager to make profit that is why they will say bitcoin has hit the bull market,forgetting that they are not speculators and don't understand the cyclic movement of bitcoin. There are reasons for the recent rise in price which we should put into consideration
Relaxing and hodling for long will bring for benefits to investors who are patient and understands the market. Don't be deceive by the little pump in the price of bitcoin to 23k and feel its time to sell as you might regret your actions when the real bull market comes after bitcoin halving.
Relaxing and hodling for long will bring for benefits to investors who are patient and understands the market. Don't be deceive by the little pump in the price of bitcoin to 23k and feel its time to sell as you might regret your actions when the real bull market comes after bitcoin halving.
For me the increase that occurred at the beginning of this year in January was not a fake bull because it was based on an increasing number of requests in the market so that Bitcoin increased slowly. Fake bulls can indeed be created by a group of people but I don't think that it is being created now because I think the increase now is a very clear and genuine thing from the demand that is in the market.
If indeed the Bitcoin boom thing is now to be dismissed as a sham, why is the price drop always considered to be so genuine? Meanwhile, decreases and increases always occur in the market over time every year. So it wouldn't be logical for upgrades to be seen as fake now even though some people already think it's fake, but I don't care what other people think of this.
It makes sense to your opinion, why when bitcoin rises to be considered a bull fake while when Bitcoin has decreased not considered a fake bull.If indeed the Bitcoin boom thing is now to be dismissed as a sham, why is the price drop always considered to be so genuine? Meanwhile, decreases and increases always occur in the market over time every year. So it wouldn't be logical for upgrades to be seen as fake now even though some people already think it's fake, but I don't care what other people think of this.
I analyze Elliot Wave on Weekly and there is a probability of bitcoin still to $ 25k - $ 30k to finish Wave 4 and dump again to complete Wave 5. If according to the Bitcoin scenario it will still rise until the early February.
We cannot those people who thinks of such thing simply because we came from a struggling market behavior on the past few months. Also, maybe there is just no concrete reason for the increase which somehow gives doubt to investors on the increase we are currently seeing. Well, I do think that this is just a spike with the market prices resulted from different factors. Still, I am more expecting of a huge increase on market prices next year. Assumption because of what happened in the past and since factors which caused the market price to fall is still existing. There are chances for sudden pumps but there is no certainty of a continuous one.
A lot of people say that, and maybe we think so too, I think it's fair for people to say that this is a fake fortress because of the careful sense of financial management when investing in bitcoin, and maybe it's because they have experienced it in the past year and advised others to be careful, but bulltrap news could be made to hold back market movements because they entered the market too late.
There are two possible mindsets here, but for long-term investors I don't think it will affect any decisions, except for investors who want to be able to buy during a correction to continue their DCA.
For short term traders perhaps to be more careful.
There are two possible mindsets here, but for long-term investors I don't think it will affect any decisions, except for investors who want to be able to buy during a correction to continue their DCA.
For short term traders perhaps to be more careful.
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This is a good situation for us because we are seeing a reversal of bitcoin that could take bitcoin to a higher price than before. The year 2023 can give investors confidence to keep investing in bitcoin because there is a possibility that the price of bitcoin will increase very high before or after the halving later.
But this condition still can't be called a bull run because the price is still far below the last ATH price but it can be called a reversal. I like it better that way because that's what's happening now. But we must be aware of the current situation because no one knows where bitcoin will go.
But this condition still can't be called a bull run because the price is still far below the last ATH price but it can be called a reversal. I like it better that way because that's what's happening now. But we must be aware of the current situation because no one knows where bitcoin will go.
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.
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.
People are expecting bitcoin to go up this year because we had a bloody year. But as you know, bitcoin is unpredictable, and it goes up and down without reason, so a spike will definitely make people suspicious, you can't blame people who are doubting, this is a normal investor reaction.
Bitcoin has rallied to $23k, but there is nothing to confirm that we are past the bear season and entering the bull season. So there is nothing wrong with people doubting whether this is a fake bull run or not.
Until now, many people still don't understand the volatile nature of the market, and they got crazy finding reasons why the price was pumped or why it dump. Why can't just think it was the nature of the market, not a manipulation? Honestly, it was not really the time to see the market in Bullrun, we can't expect such a fast recovery at all. The price, of course, will change because of the changing in demand and supply. People are buying which naturally increases the price, yet it was temporary.
By now some people supposed to know the nature of the market, it's obvious that the market of cryptocurrency get accelerated due to the demand and supply, and sometimes an information triggers the fast movement of increment in Bitcoin, so it's not a wonder. Bitcoin increase because of the gravity of demands applies in the market sphere. 
Let everyone what they want to believe and speak for the predictions that they have. We all are not the same if it's about the market, if there are people that think this is just a bull trap then let them believe with that because there's a possibility that they're also correct.
And at the same time, let them allow us to believe what we want to believe that the bear market was already done and everything is according to the pattern based from the historical movements of bitcoin. False bull, bull trap or what they call it, it is still the market to decide and will show us what we really are at.
And at the same time, let them allow us to believe what we want to believe that the bear market was already done and everything is according to the pattern based from the historical movements of bitcoin. False bull, bull trap or what they call it, it is still the market to decide and will show us what we really are at.
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?
For me the increase that occurred at the beginning of this year in January was not a fake bull because it was based on an increasing number of requests in the market so that Bitcoin increased slowly. Fake bulls can indeed be created by a group of people but I don't think that it is being created now because I think the increase now is a very clear and genuine thing from the demand that is in the market.If indeed the Bitcoin boom thing is now to be dismissed as a sham, why is the price drop always considered to be so genuine? Meanwhile, decreases and increases always occur in the market over time every year. So it wouldn't be logical for upgrades to be seen as fake now even though some people already think it's fake, but I don't care what other people think of this.
I think because the chart tells something. In the daily chart, it already says it can't sustain this sudden rise. It has to really dump to give room for another week of a green candle. Or it could pump again up to $25k-$30k before the dump which means another few weeks of waiting again for the bulls to come.
One trader said on his youtube that it's not a healthy market when the price goes up all the way for 2 weeks. This is based on his experience.
I think many are expecting this to be like April 2019. Where we did bottom and rallied non stop for a couple months before touching $12K and then the mini bubble popped again.
Hence why many think we are in an echo bubble. Basically when we breach $30K, many will buy because they will think ATH is near and the bubble will burst again before completing a year or two later.
Hence why many think we are in an echo bubble. Basically when we breach $30K, many will buy because they will think ATH is near and the bubble will burst again before completing a year or two later.
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.
It is too early to tell either way, however I suppose those which claim this is a fake bull run or a bull trap do it for several reasons, the first one is the bull market is not really expected to come until much later so they think the timing is wrong, another reason is simply about probabilities, as there are many more fake bull runs than real ones, so they simply estimate this growth in the price is temporary and at some point the bears will retake control of the market. 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.
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Those who say that think too much in the short term. If you're going to hold the bitcoin you have until 2030 at least, you're not thinking about whether it's going to go back down to 17,000 in the next couple of weeks. I think we will end this year in positive territory and after the next halving we will reach at least 100,000. As a scarce resource, it is worth accumulating and forgetting about short-termism.
I'm curious how they can claim that the quick spike in the price of Bitcoin is false bull. The abrupt ups and downs in price are normal because everyone is aware of how volatile the cryptocurrency market is. We are unable to say with certainty whether we are currently in the bear season or the bull season. In any case, let's enjoy the benefits of our current profit.
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.
There is always risk and many are still hesitant because they are afraid to make mistakes especially when they will buy during this pump because this can still be a trap not unless there’s already a confirmation about the up trend. There are ways to make profit out of this and it takes a lot discipline. Its good to be more positive about the trend, just stay within your limit and be more realistic, don’t be greedy when it comes to profit taking.
Until now, many people still don't understand the volatile nature of the market, and they got crazy finding reasons why the price was pumped or why it dump. Why can't just think it was the nature of the market, not a manipulation? Honestly, it was not really the time to see the market in Bullrun, we can't expect such a fast recovery at all. The price, of course, will change because of the changing in demand and supply. People are buying which naturally increases the price, yet it was temporary.
It's okay to be bullish just be wary and remember that every time market could go down again so your sell order price is already ready. But this only applies if you are trading regularly. Holders doesnt bother for such increase or decrease later on.
it's too early to say bullish has come, I think the movement at the beginning of the year is the initial pump and new enthusiasm in trading at the beginning of the year after the market always declines, stay careful when investing, all risks are borne by the individual,
This. With all the stuff that's going on around the world, we really can't say if the bull market is back. If anything, we should be wary. But if you guys bought the lows then just stay put and don't do anything. To those who missed it and don't hold any, don't fomo and don't buy at resistance. Big possibility you'll get trapped. Just be patient as there's a whole year of buying opportunities coming.
Then again if you're a pure 'hodler' you could just buy now and forget about it as it won't matter.
Edit: How come there aren't any Chinese new year threads anymore? Those were fun.
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