Topic: Bull trap? Or price going back to 4k for real? (Read 1586 times)
I do not see reasons for concern. Traders can always earn the profit so for them no matter how much is bitcoin. It is important for them to have permanent jump. Keepers of bitcoins is also no reason to worry because they were going to hold bitcoins for a long time. At the end of this year, we are already seeing growth of 400%. Let me remind you that the year is not over and they have good prospects to increase their capital. What's the problem?
We are not in a bull trap, the price is really going up, there are a lot of support coming for bitcoin, this might be a new breakthrough for bitcoin, a new record. I think with all the positive news around, bitcoin will be accepted by a lot of people, and though there would be still some negativity around, we could not suppress the growth of bitcoin, if we check the history of bitcoin, its volatility is always a good thing, everytime there is a dip, it always bounces back, if it is a bull trap, and soon will fall, the best plan to do is, to do cost averaging. Right now, we can still not predict the movement of bitcoin, but what we can see right now, a real bull run, since a a lot of good news are coming in, and we should also not fear for a bull trap, we should develop a plan on how we can still profit, be it bearish or bullish.
The price is going down again. It went as high as $4500 but after that, the price slowly decreased. So its really hard to speculate if this is a bull run or trap. We haven't heard any negative news that's why one must think was is the reason for this dip. The price movement is really hard to predict as evident of the roller coaster ride we are experiencing. But I'm very optimistic that this is just another minor price correction and not a bull trap. I'm still want to see bitcoin having a massive bull run once again.
We are not in a bull trap, the price is really going up, there are a lot of support coming for bitcoin, this might be a new breakthrough for bitcoin, a new record. I think with all the positive news around, bitcoin will be accepted by a lot of people, and though there would be still some negativity around, we could not suppress the growth of bitcoin, if we check the history of bitcoin, its volatility is always a good thing, everytime there is a dip, it always bounces back, if it is a bull trap, and soon will fall, the best plan to do is, to do cost averaging. Right now, we can still not predict the movement of bitcoin, but what we can see right now, a real bull run, since a a lot of good news are coming in, and we should also not fear for a bull trap, we should develop a plan on how we can still profit, be it bearish or bullish.
Everyone is so sure of themselves. Looking at the 15 minute charts, I see a trap. In fact, I sold some at $3950. Lower highs, lower lows. Decreasing volume on up moves; increasing volume on down moves. If we are going up, why is the herd following the sellers? I'm prepared to be wrong, are you?
Sold some more at 4200, and a little more at 4250... I'm not declaring victory yet, but the volume tells me the trap is closing.
You are just hallucinating about that bull trap FUD. Soon you will cry when left behind by the train of bitcoin. Bitcoin is now fueling up to beat it's all time high price. October is the date where bitcoin will create again another history.
No tears here. I only play around with a tiny part of my hodlings. If I'm wrong I win slightly less than I would have. If I'm right, I get more BTC. It's starting to look like I'm wrong, but I'm not quite ready to capitulate. BTW, I have October 30th in the new ATH contest
. This is for real, China and JP Morgan are all jokes they should accept the truth that they cannot overcome bitcoin. I strongly believed that bitcoin value will going to reach $5,000 before this year ends because bitcoin escaped all obstacles for this year. I am glad that i did not sell my bitcoin during these days of bitcoin trials.
The price may reach those figures as you say,but bitcoin did not escape all the obstacles for this year as we are yet to have another fork this November and if that goes really well then all the obstacles are over and then the price will rise by December as usual,the price range at the moment is between $3000 to $4000 and if everything goes well it will reach another all time high by December.
Last I check how the price of bitcoin now I lately check the price is 4100 k but after several hour it increase the price up 4200 how amazing be sure bitcoin will reach 5000k I wll wait for increase of bitcoin 
Well bitcoin recovered even with the China crisis so this means this is not just FUD. It has been steadily rising day by day even by just a few dollars. There will always be dips in price since a lot of people who bought at the price dip a couple of weeks ago may want to cash out their earnings. For me, I just keep holding them coins because by the end of the year, for better of for worse it will still go up and I will still be making profit.
Everyone is so sure of themselves. Looking at the 15 minute charts, I see a trap. In fact, I sold some at $3950. Lower highs, lower lows. Decreasing volume on up moves; increasing volume on down moves. If we are going up, why is the herd following the sellers? I'm prepared to be wrong, are you?
Sold some more at 4200, and a little more at 4250... I'm not declaring victory yet, but the volume tells me the trap is closing.
You are just hallucinating about that bull trap FUD. Soon you will cry when left behind by the train of bitcoin. Bitcoin is now fueling up to beat it's all time high price. October is the date where bitcoin will create again another history.
Everyone is so sure of themselves. Looking at the 15 minute charts, I see a trap. In fact, I sold some at $3950. Lower highs, lower lows. Decreasing volume on up moves; increasing volume on down moves. If we are going up, why is the herd following the sellers? I'm prepared to be wrong, are you?
Sold some more at 4200, and a little more at 4250... I'm not declaring victory yet, but the volume tells me the trap is closing.
There is too much analysis in this thread arguing for both sides. Keep it simple, and buy Bitcoin on the dip. Ever since the scandal of MtGox, Bitcoin has been going up, then dip a little and it would go up again breaking out from a range everytime. All the FUD flung in its way have no effect.
Is there any reason why this should change?
Is there any reason why this should change?
in the long term, no. but your logic makes no sense to a trader. the value of BTC dropped like 90% from top to bottom after 2013. wouldn't you rather secure some of those profits, rather than holding the whole time and losing 90% of your money? holding through those types of losses can be very hard psychologically, and often pushes people into selling the bottom.
That was 2013, it is a different game now. But if I bought at the peak of 2013, I would still use the same strategy of buying the dip to average my position down. Bitcoin is not like a stock for me. I do not count it in fiat, I count it with how much Bitcoins I have in my wallet, and the more the better.
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it's important -- both financially and psychologically -- to take profit at some point. that leads to the question: you say "just buy the dip." well, where does the dip end? was $3000 the end of the dip? or could the price still drop another 35% from there in november? people thought $400 was the bottom of the dip, years ago...... we ended up going sub-$200. "buy and hold" is great after a long term correction. not after hundreds of % gains in less than a year.
Take some profit and do what? Hold them in fiat? I am already earning that with my job.
You seem to have missed the point that was made. If the price is dropping, you can buy more bitcoins. Holding from the top in that situation meant potentially being able to buy 90% less bitcoins. It's not just about hedging USD value. It's also about keeping your fiat in reserve during a bear market so you can buy more bitcoins than you could have otherwise.
I get it, you take the perspective of an investor, not a trader. That's the disconnect between investors and traders. Traders aren't trying to sit through brutal drawdowns for years in order to ROI. For traders, it makes more sense to live to fight another day, rather than tie your capital to losers for the long term.
What you are saying is true that doing trade with the coin is good because with same investment you can earn more bitcoins buy trading bitcoins but same time if you see the investors point of that if sold and the price goes up and dont come down then what to do. So both traders and investors are correct on their respective ground of points.
It seems the bull started running now. I saw bitcoin price gets higher than $4,000 now. I believe this time Bitcoin will rally towards $5,000. The update on November signals this I guess. Bulish Bitcoin until the end of this year. Probably $6,000 Bitcoin is not far from happening.
There is too much analysis in this thread arguing for both sides. Keep it simple, and buy Bitcoin on the dip. Ever since the scandal of MtGox, Bitcoin has been going up, then dip a little and it would go up again breaking out from a range everytime. All the FUD flung in its way have no effect.
Is there any reason why this should change?
Is there any reason why this should change?
in the long term, no. but your logic makes no sense to a trader. the value of BTC dropped like 90% from top to bottom after 2013. wouldn't you rather secure some of those profits, rather than holding the whole time and losing 90% of your money? holding through those types of losses can be very hard psychologically, and often pushes people into selling the bottom.
That was 2013, it is a different game now. But if I bought at the peak of 2013, I would still use the same strategy of buying the dip to average my position down. Bitcoin is not like a stock for me. I do not count it in fiat, I count it with how much Bitcoins I have in my wallet, and the more the better.
Quote
it's important -- both financially and psychologically -- to take profit at some point. that leads to the question: you say "just buy the dip." well, where does the dip end? was $3000 the end of the dip? or could the price still drop another 35% from there in november? people thought $400 was the bottom of the dip, years ago...... we ended up going sub-$200. "buy and hold" is great after a long term correction. not after hundreds of % gains in less than a year.
Take some profit and do what? Hold them in fiat? I am already earning that with my job.
You seem to have missed the point that was made. If the price is dropping, you can buy more bitcoins. Holding from the top in that situation meant potentially being able to buy 90% less bitcoins. It's not just about hedging USD value. It's also about keeping your fiat in reserve during a bear market so you can buy more bitcoins than you could have otherwise.
I get it, you take the perspective of an investor, not a trader. That's the disconnect between investors and traders. Traders aren't trying to sit through brutal drawdowns for years in order to ROI. For traders, it makes more sense to live to fight another day, rather than tie your capital to losers for the long term.
The fact is that the dump was mainly created because of people panicking over the whole situation going on in China. Now that they realise that it's probably not going to affect much, traders are confident and therefore they are once again buying into bitcoin.
It's that simple, really.
Thus, it is probably not a bull trap. And i feel like price is only going to go up more over teh next few days.
It's that simple, really.
Thus, it is probably not a bull trap. And i feel like price is only going to go up more over teh next few days.
A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?
This is for real, China and JP Morgan are all jokes they should accept the truth that they cannot overcome bitcoin. I strongly believed that bitcoin value will going to reach $5,000 before this year ends because bitcoin escaped all obstacles for this year. I am glad that i did not sell my bitcoin during these days of bitcoin trials.
I think your right, that JP Morgan are on the bridge of making himself insecured on bitcoin. We can't blame him actually all they're hard works for long years of establishing they're name to profit from people's ignorance will not come to an end but eventually hurt or maybe affected by popularity of bitcoin who he called "a scam". That china regulation is good for me but whales are just using those propaganda to lower the price.
A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?
This is for real, China and JP Morgan are all jokes they should accept the truth that they cannot overcome bitcoin. I strongly believed that bitcoin value will going to reach $5,000 before this year ends because bitcoin escaped all obstacles for this year. I am glad that i did not sell my bitcoin during these days of bitcoin trials.
There is too much analysis in this thread arguing for both sides. Keep it simple, and buy Bitcoin on the dip. Ever since the scandal of MtGox, Bitcoin has been going up, then dip a little and it would go up again breaking out from a range everytime. All the FUD flung in its way have no effect.
Is there any reason why this should change?
Is there any reason why this should change?
in the long term, no. but your logic makes no sense to a trader. the value of BTC dropped like 90% from top to bottom after 2013. wouldn't you rather secure some of those profits, rather than holding the whole time and losing 90% of your money? holding through those types of losses can be very hard psychologically, and often pushes people into selling the bottom.
That was 2013, it is a different game now. But if I bought at the peak of 2013, I would still use the same strategy of buying the dip to average my position down. Bitcoin is not like a stock for me. I do not count it in fiat, I count it with how much Bitcoins I have in my wallet, and the more the better.
Quote
it's important -- both financially and psychologically -- to take profit at some point. that leads to the question: you say "just buy the dip." well, where does the dip end? was $3000 the end of the dip? or could the price still drop another 35% from there in november? people thought $400 was the bottom of the dip, years ago...... we ended up going sub-$200. "buy and hold" is great after a long term correction. not after hundreds of % gains in less than a year.
Take some profit and do what? Hold them in fiat? I am already earning that with my job.
A few hours ago BTC jumped from 3750 to 3930. What do you think? Bull trap? Whales playing us up?
It will always be like this, jumping on prices is normal now to me as it happen several times. It might be called a bull trap or uncertainty as the bitcoin issue in china still unsolved and the coming November fork still on hold for discussion. Whales are like us, they do thing for they're own interest.
There is too much analysis in this thread arguing for both sides. Keep it simple, and buy Bitcoin on the dip. Ever since the scandal of MtGox, Bitcoin has been going up, then dip a little and it would go up again breaking out from a range everytime. All the FUD flung in its way have no effect.
Is there any reason why this should change?
Is there any reason why this should change?
in the long term, no. but your logic makes no sense to a trader. the value of BTC dropped like 90% from top to bottom after 2013. wouldn't you rather secure some of those profits, rather than holding the whole time and losing 90% of your money? holding through those types of losses can be very hard psychologically, and often pushes people into selling the bottom.
it's important -- both financially and psychologically -- to take profit at some point. that leads to the question: you say "just buy the dip." well, where does the dip end? was $3000 the end of the dip? or could the price still drop another 35% from there in november? people thought $400 was the bottom of the dip, years ago...... we ended up going sub-$200. "buy and hold" is great after a long term correction. not after hundreds of % gains in less than a year.
I have checked the exchange rate of bitcoin to US dollars, and it is now $3957.33, if it continue to go higher, we will reach the $4000 mark today. And I hope it will continue, so don't correlate China's issue here, because it is a matter of supply and demand.
Today's high was 3970$ for btc/usd pair.Maybe next day it will hit 4000$ without doubt.But to be honest 4k level is nothing for this cryptocurrency.It is all matter about time.
There is too much analysis in this thread arguing for both sides. Keep it simple, and buy Bitcoin on the dip. Ever since the scandal of MtGox, Bitcoin has been going up, then dip a little and it would go up again breaking out from a range everytime. All the FUD flung in its way have no effect.
Is there any reason why this should change?
I can assure that all these fud which back then successfully making the price gets dumped hard are just temporary, at the end bitcoin always regaining its price and break new ATH, if I'm wrong, please can someone else point me out which moment bitcoin didn't break new ATH after getting dumped hard.Is there any reason why this should change?
I'm sure that all these fud are actually whales trying to gather bitcoin cheaply as much as they can, can't say more.
You are saying temporary oh well nothing is permanent in Bitcoin except the transaction on its blockchain that is once it gets several confirmation. Price, FUD, hype, ATH, they are all temporary because Bitcoin price is driven by speculation. And yes those who get bitcoin at cheaper price are so lucky because they can have more profit from it. Aside from that it seems Bitcoin price is back again at $4000. Does this mean we can have $5000 soon?
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