bull started? - page 6. | Bitcointalksearch.org

Habakkuk Swen

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Quote from: Cryptomiles1 on October 27, 2022, 12:59:33 AM

Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?

I think the true BULL market will come not earlier than 2024... What we see now is just regular BTC pump (and I enjoy it!). Bitcoin getting stronger, again. Let's wait and watch Roll Eyes

danherbias07

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Bitcoin is also pumping a bit.
I will not call it a bull yet. It could just be correcting the market from the bear that happened which is a lot.
Even if Ethereum is going up, there is no assurance that other altcoins will go the same way. It's not like the same market pump whenever Bitcoin goes up.
It can pull other coins but I doubt Ethereum can do the same thing.
All look green today which is a good start.

Bitstar_coin

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Just saw a similar thread on the btc discussion board, I think those asking this question are still new in crypto, this recent price up is not enough to expect a bull. The alts market is following the footstep of btc, but there is no indication of a bull run yet. OP you have to check back around 2024, right now, smart investors are accumulating whatever they can till after halving.

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Quote from: Cryptomiles1 on October 27, 2022, 12:59:33 AM

Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?

This is a common story, when the price of bitcoin increases in price by 10-15%, everyone around begins to dream that an uptrend has finally begun and soon the price of BTC will reach 100 thousand dollars. But in the following days, we observe that the BTC price returns to the previous price level, and the mood of the community changes to the opposite.

DeathAngel

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Just a dead cat bounce in my opinion. Sadly we are still in a bear market & will be for the next 6-9 months if past performances are close to replicated. I still advise DCA purchases throughout this time though, we never know when the bottom is in. We are definitely not in a bull market yet, not until after the next halving.

maydna

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I only see the potential profit I can get from the increased price of ethereum, but that is not enough to get even higher increases. Other than that, it's just a good start for ethereum, as it can improve once the merge is implemented. And in the future, I think the price can increase higher than now, especially if the price of bitcoin can also experience a drastic increase. And if you want to make a profit, you can sell some ethereum and enjoy the profit because right now, maybe the correction will come for a while. So be wise in dealing with it.

vanesha

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too soon to say it's already bull. we know all crypto meccas are bitcoin. If bitcoin's dominance rises high or falls the bull spurs for altcoin it is still said not to be. Bitcoin is holding on to its best position in its dominance but ethereum dominance is rising, this can be said to be bull but the data has not shown there.

Argoo

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Quote from: Cryptomiles1 on October 27, 2022, 12:59:33 AM

Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?

Today we see that the price of ethereum has increased by more than 21 percent over the past week. Prices for other cryptocurrencies are also rising. Bitcoin rose by 8 percent and crossed the rate of $20,000. Of course, these are good trends. But it is still very early to say that the bullish period is returning in the cryptocurrency market. Cryptocurrency is very volatile and can make such jumps and falls in prices, but in the end, without changing the general background that has developed on the market so far. Therefore, we will more closely monitor the market. In general, the end of October and beyond the period until the end of the year traditionally had a good impact on the price of the cryptocurrency. So anything is possible. Analysts admit the possibility of a good price growth in the cryptocurrency market in the near future.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Cryptomiles1 on October 27, 2022, 12:59:33 AM

Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?

If you smell it, go with it but come with caution because smells are often deceiving.

If this pump sustains, we might be having a bull run on ethereum. But at this point it is difficult to say what will happen in the future. If you have bought at lower price, keep calm and hold for a few more days unless you are looking for a quick flip. If you have not bought yet, you missed the opportunity and hence just hold the fiat/btc till the price drops again.

That is as far as you need to do, let the market unfold on its own, bull or bear will reveal on its own - keep watching and waiting. Patience over the market's short term movements will give you good results instead of impulsively acting on them.

Jackl87

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Quote from: Cryptomiles1 on October 27, 2022, 12:59:33 AM

Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?

To be honest i don't see any sign of a real bull market coming at the moment. Yes of course that price pump of almost all cryptocurrencies that happened yesterday was pretty surprising to me as it came completely out of nowhere and with around 10% increase in price it was also a pretty big pump in my opinion. That being said we had this kind of breakouts a few times now already in the last few months and after that the prices always slowly but surely went down again to the level before that pump or even below that. So as long as we stay below the 1600$ mark per ETH i still think that this was just a small pump that will fade away soon again.

Cryptomiles1

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Quote from: blockman on October 27, 2022, 02:56:18 AM

Although was bit worried thinking was left behind since i m still following my portfolio, i was expecting to buy around December this year maybe before the next bitcoin halving which might likely give a strong bull to the rest of altcoin since bitcoin is the mover.
But any other good guideline will be appreciated to help add to my portfolio.

john1010

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Quote from: Cryptomiles1 on October 27, 2022, 12:59:33 AM

Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?

We cannot assume that, it will take few weeks to begin to distinguish if the market is on the bullish trend, but today, let's enjoy the pump and be aware because any of this moment, it could jump down low but it could climb higher than 20k usd.

blockman

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Quote from: Ayers on October 27, 2022, 03:17:37 AM

Quote from: blockman on October 27, 2022, 02:56:18 AM

Quote from: Cryptomiles1 on October 27, 2022, 12:59:33 AM

Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?

Just a normal pump that we see in the market, there's nothing special from it and that usually gets into Ethereum when bitcoin pumps. Just as Eth, the whole market goes on a pump thanks to bitcoin.
I smell more of the next scene of it which is likely the correction of it every time we see a pump like this for both ethereum and bitcoin. So, that's how it will usually go so, don't expect a lot.

yes, not only ethereum is bullish but the whole market is in the green and bitcoin is always the starter for everything. but i suspect this is a sign of bulls, it is just a slight rally during the bear season that we usually see. the world economy is still very unstable so no bulls will come, be careful from now on as there will most likely be dumping right after the rally. the market always knows how to let us down when we have high hopes so don't expect too much.

We will see if this is really a sign of the bulls but I don't think that it is. We're still far from the bull run and these pumps usually come into the market so, there's nothing new that we must think it's the actual bull run.
No, it's not yet the bull run IMO. Just don't be too gullible on the market because sometimes, you'll be trapped with what it does so be aware of it.

Baofeng

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Nah, this is just a regular bounce or recovery, we have been trading sideways for the last four months and this could be the break out run that we are talking about in the bear market. So a good 10% could be just a normal pump right now.

Ethereum need to get to at least $1,800-$2,000 and Bitcoin should be around $22k-$25k, that could be an ideal pump but this is not a bull run.

And perhaps the increase is due to several good news in the last 24 hours pumping the marketcap to get back to $1 Trillion again.

Reid

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Don't overreact to such things. It may just be the volatility of any cryptocurrency that are not stablecoins. Don't get me wrong, I also want to see a bullish trend before the year end but there's just no reason behind why or how it can create one.
Maybe if we start smelling good news about how the economy is getting better then that's a good sign a bull can happen.
But right now, I doubt that. Necessity prices are not changing much and in fact they are more expensive, then there's the oil/gas problem.

cheezcarls

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Quote from: Cryptomiles1 on October 27, 2022, 12:59:33 AM

Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?

It’s a short term pump most likely, and expect to correct a bit. There is not much trending news lately about Bitcoin, Ethereum, etc., so we just don’t know the factors behind the short term increase.

I hold both BTC and ETH and continuing to do DCA with my extra money that I have per month. Most likely the next big bullish news that we expect is the much-anticipated 2024 BTC halving (unless there’s someone out there who would successfully hype the entire market like Elon Musk did last year).

woez

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We never know when the next hike will start. Bulls seem to be slowly picking up. the price may drop from time to time, but if there is any indication, the price will recover and if we feel we can handle the ups and downs of cryptocurrency investment, do so.

Be sure to use a wallet with good security features, and a method to convert your assets in case of an emergency.

MinoRaiola

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Currently it is too early to say something like that, the "pump" has been good and special. If this will now go on for 2 weeks and we see prices of 28,000$ and more, then we can scream a little louder Bullrun, i think not yet. There are since two days more positve News about Bitcoin, one looks on twitter and binance, a cooperation could arise here. Binance is interested buying a share of twitter.

yazher

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This kind of scenario can always happen because of the nature of the crypto market and yes! It could be a sign for the upcoming bull runs that's why if you are a risk taker and want to multiply your earnings by 10x it's better to look for some potential altcoins to invest your money with. but this alone is hard to find and even rare nowadays. But when you have the necessary info to search for it, it is recommended for you to do so. Just don't get blinded by the hype and make yourself blindly follow anyone on investing random coins.

serjent05

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It is also possible that the Ethereum market is affected by the recent Bitcoin uptrend. We all know that whenever Bitcoin goes up, many altcoins are affected and also go up. Aside from that the huge 10% is also pushed by the coordinated pump since the market goes up naturally due to Bitcoin influence, ETH pumper use this initiative to push the ETH price further ahead. The only good news I read about ETH is the announcement of Bitpay to use ETH and USDC on the Polygon network.[1]

[1] https://cointelegraph.com/news/bitpay-to-introduce-usdc-and-eth-payments-on-polygon-network

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