bull started? - page 7. | Bitcointalksearch.org

Jating

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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 don't smell anything, almost all of the crypto, including bitcoin is still like -70%++, so that is not a bull run. If though the market will have a run up to at least $50k this year, then maybe we can call ourselves in the middle of the bull run. Or as others pointed out, the cycle has change and that the 4 year old cycle will no longer holds true as the crypto narrative has change.

So don't celebrate yet, we will have to wait will be up to us till this year. In any case, it's good to see the prices going up on some major altcoins like Ethereum. Bitcoin getting back to once it's support price at $20k.

Jawhead999

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10% price change and it's only happen for one day is really normal lol, it doesn't have any sign of bullrun or bear market. If you think 10% change on cryptocurrency is really amazing, you should look on past few years chart where Bitcoin price increase for 30% at single day which is a sign of bull market. Also the reason why Ethereum price increase is because Bitcoin price is increase earlier, it's not because of altcoins market.

Ayers

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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.

blockman

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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?

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.

Cryptomiles1

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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?

Topic: bull started? - page 7. (Read 1002 times)