BULL VS BEAR | Bitcointalksearch.org

BartS

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Quote from: Kasabus on November 12, 2019, 04:17:21 AM

Once you converted your altcoins to btc and you will see the altcoins rally, you might regret your decision.
Why? because altcoins will likely to be more profitable in a short period of time compared to btc because its been undervalued until now so eventually it will also result to a big pump, and take note, when there's a FOMO we might see and experience what happened last 2017's bull run.

Each person can take the decision about what to do with his coins, there are many that regardless of the performance of altcoins they will not sell their bitcoin for anything and I find their posture to be respectable.

In my case I do not have a problem on selling my bitcoin to get altcoins if I believe altcoins will begin to perform better than bitcoin but I do not see this so I prefer to keep holding my bitcoin and wait until the market is more clear about the direction it will take.

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Quote from: Kasabus on November 12, 2019, 04:17:21 AM

Quote from: slaman29 on November 12, 2019, 03:06:01 AM

Quote from: d3nz on November 06, 2019, 07:19:50 AM

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

Nobody asks anyone to preidict the market, or at least nobody expects that those predictions would come true. But we ourselves have taken that expectation and put it on ourselves.

Why make that burden? Doing as you say and converting to bitcoin is still an expectation. But if you have a change of mindset. That you put in what you can afford to lose. No expectations:)

Once you converted your altcoins to btc and you will see the altcoins rally, you might regret your decision.
Why? because altcoins will likely to be more profitable in a short period of time compared to btc because its been undervalued until now so eventually it will also result to a big pump, and take note, when there's a FOMO we might see and experience what happened last 2017's bull run.

Nah, I would still prefer my Bitcoin over any other altcoin in the market today, yes they're profitable short to midterm and could rally but I can go and live with that and not regret my decisions. We all know the problem with altcoins, they're going to be pump so hard that you think the rise will continue long term. But when the price suddenly goes into the opposite direction, you might also regret the decision of not selling it at the right time and taking the profits. So Bitcoin all the way, specially if you have that mindset to be a long term holder, just saying.

Kasabus

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Quote from: slaman29 on November 12, 2019, 03:06:01 AM

Quote from: d3nz on November 06, 2019, 07:19:50 AM

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

Nobody asks anyone to preidict the market, or at least nobody expects that those predictions would come true. But we ourselves have taken that expectation and put it on ourselves.

Why make that burden? Doing as you say and converting to bitcoin is still an expectation. But if you have a change of mindset. That you put in what you can afford to lose. No expectations:)

Once you converted your altcoins to btc and you will see the altcoins rally, you might regret your decision.
Why? because altcoins will likely to be more profitable in a short period of time compared to btc because its been undervalued until now so eventually it will also result to a big pump, and take note, when there's a FOMO we might see and experience what happened last 2017's bull run.

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Quote from: d3nz on November 06, 2019, 07:19:50 AM

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

Nobody asks anyone to preidict the market, or at least nobody expects that those predictions would come true. But we ourselves have taken that expectation and put it on ourselves.

Why make that burden? Doing as you say and converting to bitcoin is still an expectation. But if you have a change of mindset. That you put in what you can afford to lose. No expectations:)

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Quote from: freedomgo on November 12, 2019, 12:17:43 AM

Quote from: d3nz on November 06, 2019, 07:19:50 AM

And more reason to convert our altcoins to bitcoin while its still in uptrend.

This one I would not do because my altcoins is almost worthless right now and I believe only when altcoins season arrive I will see a chance for my altcoins to grow. When bitcoin is bullish, definitely it will result to a positive effect in the market, and the result would be bullish for altcoins also, but we don't know when exactly it would effect on altcoins but based on the previous trends it happened when BTC is about to achieve a new ATH, so let's wait for that.

I agree with you on that. Converting altcoins to Bitcoin now will only create a severe loss of funds for us especially when we bought that altcoins in higher prices. We should have patience until those altcoins that we are holding increase in a price where we can get a decent profit before converting it to BTC.

Looking at the tradingview today, it was stated that Bitcoin had broken a triangle and started to fall.

https://www.tradingview.com/chart/BTCUSD/7Rjc6Szo-BITCOIN-price-made-breakout-of-Triangle-and-started-to-fall/

Though I believe, this is just a consolidation stage in preparation for the possible uptrend before the halving.

Quote

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

the current movement of Bitcoin somehow conflict with the above statement. There is a good news coming from China and yet Bitcoin, instead of the price going up ended with the price going down. I still believe that the manipulation of whales are still stronger than any news or update coming from any government. It is that whenever whales wanted to set a phase and news favors their plan, then they will use it as a reason else, news will have no effect if it is against this few Bitcoin whales plan.

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Quote from: d3nz on November 06, 2019, 07:19:50 AM

And more reason to convert our altcoins to bitcoin while its still in uptrend.

This one I would not do because my altcoins is almost worthless right now and I believe only when altcoins season arrive I will see a chance for my altcoins to grow. When bitcoin is bullish, definitely it will result to a positive effect in the market, and the result would be bullish for altcoins also, but we don't know when exactly it would effect on altcoins but based on the previous trends it happened when BTC is about to achieve a new ATH, so let's wait for that.

BartS

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Quote from: jostorres on November 08, 2019, 02:44:34 AM

Quote from: BartS on November 04, 2019, 09:26:15 PM

Quote from: target on November 03, 2019, 08:57:28 AM

I think right now is the accumulation phase in crypto. The price is doing sideways while the price of altcoins are somehow increasing gradually. There isn't really much going if the whales are really manipulating the prices except them buying some altcoins which is why the prices aren't at all moving up. I say we are in the bullish and a break out soon will prove this statement.

We will have to see what happens, it seems there is a positive sentiment in the market and while this is positive it also makes me anxious since the whales are experts at manipulating us and this could be nothing more but another of their manipulations.

I really hope the price goes up and we see something similar to what happened 2 years ago but I cannot stop but feel unconvinced since 2 years seems too short of a time to see bitcoin challenging its ATH.

Why do you think that 2 years is too short for bitcoin to challenge the last ATH, bitcoin is a dramatic coin and it could bring up its bull run at any time. How would we have thought that bitcoin could challenge the bear market around April this year and got a massive increase to $13800?

So, if bitcoin can do that this year, then I don't see it finding it hard to reach the last ATH soon and even go far above it and the time that I see this happening is during the next halving if next year when miners will be rewarded, this has the tendency of also causing a FOMO buy and which we know the effect of that. We have to watch out for next year and do everything possible to prepare fully for the next year bull run by investing in bitcoin now that we still have the chance.

If for you that makes sense then that is cool to me it does not, we need to think about what happened, many want something similar to what happened in 2017 to happen again but have you stopped to think about all of those that lost everything?

They were not a minority and they are not going to forget about what happened and many of those that did not joined the market but that have been watching it are not going to forget either, the growth that happened in 2017 was not only because of the halving as many speculate it was because of segwit and until we have a development as big I do not see bitcoin breaking its ATH.

logicgate

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Quote from: d3nz on November 06, 2019, 07:19:50 AM

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

The current market trend of bitcoin and predictions related to its prices are setting major goals for the buyers of bitcoin. Definitely there is a clear difference between altcoins potential and that of bitcoin. Nobody wants to make profits in chunks rather everybody wants to have bulks of profits and for that, one needs to have great collection of bitcoin. So if one wants to swap altcoins with bitcoin, he is saving himself from regret.

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Quote from: Barbut on November 08, 2019, 06:26:49 AM

Quote from: d3nz on November 06, 2019, 07:19:50 AM

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

I won't do that, converting my altcoins to Bitcoin is not an option. I already have Bitcoins, and I'm satisfied with the amount I have. People who don't have any Bitcoins, but they have altcoins should think about it, after all many people suggest that first investment in cryptocurrencies should be in Bitcoin, Ethereum then all others.
When we don't know what will happen next we need to guess and try to predict it, I believe in my choices!

Most important coin that should really be included into your portfolio is Bitcoin and top altcoins is just a next in line.There are still people who do heavily trust up

altcoins and neglecting btc into their ports which I do saw its not really good yet they are missing chances on holding up a good coin.Its a matter of decision
though since everyone of us do have different perspective and decisions towards on our investment matters.

Barbut

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Quote from: d3nz on November 06, 2019, 07:19:50 AM

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

I won't do that, converting my altcoins to Bitcoin is not an option. I already have Bitcoins, and I'm satisfied with the amount I have. People who don't have any Bitcoins, but they have altcoins should think about it, after all many people suggest that first investment in cryptocurrencies should be in Bitcoin, Ethereum then all others.
When we don't know what will happen next we need to guess and try to predict it, I believe in my choices!

yulionoo

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yes, I agree with the news that the use or prohibition of bitcoin by large countries such as the United States and China could affect the price of bitcoin. because the two big countries have the biggest bitcoin traders and users. like a 30% increase in bitcoin yesterday. many link that yesterday's rise in bitcoin was the impact of China's president's statement about supporting the blockchain. bitcoin prices are influenced by demand and supply. and these requests and offers are greatly influenced by news. especially news from large countries related to bitcoin.

jostorres

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Quote from: BartS on November 04, 2019, 09:26:15 PM

Quote from: target on November 03, 2019, 08:57:28 AM

I think right now is the accumulation phase in crypto. The price is doing sideways while the price of altcoins are somehow increasing gradually. There isn't really much going if the whales are really manipulating the prices except them buying some altcoins which is why the prices aren't at all moving up. I say we are in the bullish and a break out soon will prove this statement.

We will have to see what happens, it seems there is a positive sentiment in the market and while this is positive it also makes me anxious since the whales are experts at manipulating us and this could be nothing more but another of their manipulations.

I really hope the price goes up and we see something similar to what happened 2 years ago but I cannot stop but feel unconvinced since 2 years seems too short of a time to see bitcoin challenging its ATH.

Why do you think that 2 years is too short for bitcoin to challenge the last ATH, bitcoin is a dramatic coin and it could bring up its bull run at any time. How would we have thought that bitcoin could challenge the bear market around April this year and got a massive increase to $13800?

So, if bitcoin can do that this year, then I don't see it finding it hard to reach the last ATH soon and even go far above it and the time that I see this happening is during the next halving if next year when miners will be rewarded, this has the tendency of also causing a FOMO buy and which we know the effect of that. We have to watch out for next year and do everything possible to prepare fully for the next year bull run by investing in bitcoin now that we still have the chance.

Colt81

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Quote from: d3nz on November 06, 2019, 07:19:50 AM

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

I am hoping that bitcoin would increased it's price up to $10,000 this month of November because bitcoin is still staying it's price to $9,000+, which i think it will take long for bitcoin to go to the moon again. The market is volatile, that is why we can't predict when will the market go up and down, so all we need is just wait for bitcoin to increased it's price again.

d3nz

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We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

cryptoangel

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Quote from: StayFly on November 05, 2019, 06:58:29 PM

Quote from: Russlenat on November 05, 2019, 02:59:17 AM

Quote from: BartS on November 04, 2019, 09:26:15 PM

Quote from: target on November 03, 2019, 08:57:28 AM

I think right now is the accumulation phase in crypto. The price is doing sideways while the price of altcoins are somehow increasing gradually. There isn't really much going if the whales are really manipulating the prices except them buying some altcoins which is why the prices aren't at all moving up. I say we are in the bullish and a break out soon will prove this statement.

We will have to see what happens, it seems there is a positive sentiment in the market and while this is positive it also makes me anxious since the whales are experts at manipulating us and this could be nothing more but another of their manipulations.

I really hope the price goes up and we see something similar to what happened 2 years ago but I cannot stop but feel unconvinced since 2 years seems too short of a time to see bitcoin challenging its ATH.

There is no such thing as short or long in this unpredictable market, things that are certain that I follow is only the timing to buy and sell.
When we that the market is bearish, that means an opportunity to buy, and as long as you have bought enough then you are already ready to hold for you future and just hope anytime a bull run may come to push the price to another higher level again.

The bitcoin market is experiencing a bullish run while the altcoins market is still on the bear side. The bitcoin has dominated the cryptocurrency market with over 66% of the market dominance while altcoin market is managing the rest of the 34% of the market dominance.

In crypto market huge volume coins are dominate the other altcoins, so you confused the bull and bear market. Because Bitcoin is a volatile cryptocurrency and it is decentralized coin so we never expect stable market. We always listen the bull and bear, but huge pump and dump are occur at few times so we never care of all the time.

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Quote from: Russlenat on November 05, 2019, 02:59:17 AM

Quote from: BartS on November 04, 2019, 09:26:15 PM

Quote from: target on November 03, 2019, 08:57:28 AM

I think right now is the accumulation phase in crypto. The price is doing sideways while the price of altcoins are somehow increasing gradually. There isn't really much going if the whales are really manipulating the prices except them buying some altcoins which is why the prices aren't at all moving up. I say we are in the bullish and a break out soon will prove this statement.

We will have to see what happens, it seems there is a positive sentiment in the market and while this is positive it also makes me anxious since the whales are experts at manipulating us and this could be nothing more but another of their manipulations.

I really hope the price goes up and we see something similar to what happened 2 years ago but I cannot stop but feel unconvinced since 2 years seems too short of a time to see bitcoin challenging its ATH.

There is no such thing as short or long in this unpredictable market, things that are certain that I follow is only the timing to buy and sell.
When we that the market is bearish, that means an opportunity to buy, and as long as you have bought enough then you are already ready to hold for you future and just hope anytime a bull run may come to push the price to another higher level again.

The bitcoin market is experiencing a bullish run while the altcoins market is still on the bear side. The bitcoin has dominated the cryptocurrency market with over 66% of the market dominance while altcoin market is managing the rest of the 34% of the market dominance.

Russlenat

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Quote from: BartS on November 04, 2019, 09:26:15 PM

Quote from: target on November 03, 2019, 08:57:28 AM

I think right now is the accumulation phase in crypto. The price is doing sideways while the price of altcoins are somehow increasing gradually. There isn't really much going if the whales are really manipulating the prices except them buying some altcoins which is why the prices aren't at all moving up. I say we are in the bullish and a break out soon will prove this statement.

We will have to see what happens, it seems there is a positive sentiment in the market and while this is positive it also makes me anxious since the whales are experts at manipulating us and this could be nothing more but another of their manipulations.

I really hope the price goes up and we see something similar to what happened 2 years ago but I cannot stop but feel unconvinced since 2 years seems too short of a time to see bitcoin challenging its ATH.

There is no such thing as short or long in this unpredictable market, things that are certain that I follow is only the timing to buy and sell.
When we that the market is bearish, that means an opportunity to buy, and as long as you have bought enough then you are already ready to hold for you future and just hope anytime a bull run may come to push the price to another higher level again.

BartS

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Quote from: target on November 03, 2019, 08:57:28 AM

I think right now is the accumulation phase in crypto. The price is doing sideways while the price of altcoins are somehow increasing gradually. There isn't really much going if the whales are really manipulating the prices except them buying some altcoins which is why the prices aren't at all moving up. I say we are in the bullish and a break out soon will prove this statement.

We will have to see what happens, it seems there is a positive sentiment in the market and while this is positive it also makes me anxious since the whales are experts at manipulating us and this could be nothing more but another of their manipulations.

I really hope the price goes up and we see something similar to what happened 2 years ago but I cannot stop but feel unconvinced since 2 years seems too short of a time to see bitcoin challenging its ATH.

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Quote from: Dart18 on November 03, 2019, 08:30:52 AM

And yet, up until now they are not stopping with their FUD or negative analysis about bitcoin but look at its price.
It is more expensive now even if they does that kind of things.

Creating FUD is normal i think this is for the weak handed people who are always afraid to lose their investment without having a single idea that bitcoin is normally volatile because it is an open market. Price manipulation existed everywhere when there is an open market. Whales are the ones that we could only blame with this sudden events.

target

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Quote from: Jating on November 03, 2019, 08:21:04 AM

Well we went bullish last week or so, pushing the price of bitcoin to $10k some exchange. But the problem is that it was not sustainable and majority thinks that there could be some whales manipulating the price.

So currently, I would say that we are still in the bearish trend, not unless bitcoin broke that $10k, maintain its position and not being rejected again. So let's see how it goes, the uncertainty of the market is really hard to predict.

I think right now is the accumulation phase in crypto. The price is doing sideways while the price of altcoins are somehow increasing gradually. There isn't really much going if the whales are really manipulating the prices except them buying some altcoins which is why the prices aren't at all moving up. I say we are in the bullish and a break out soon will prove this statement.

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Quote from: Jating on November 03, 2019, 08:21:04 AM

Well we went bullish last week or so, pushing the price of bitcoin to $10k some exchange. But the problem is that it was not sustainable and majority thinks that there could be some whales manipulating the price.

So currently, I would say that we are still in the bearish trend, not unless bitcoin broke that $10k, maintain its position and not being rejected again. So let's see how it goes, the uncertainty of the market is really hard to predict.

Well, I believed this also. I read recently that there are many predictions saying that Bitcoin will touch on $16k range by next week or by next month, the last quarter of the year. I believed that this is the start of bullish trend and we are excited about the next halving to come by next year and probably this promising event will give to us a good price in bitcoin in the market. Indeed, it is early to confirm and since the market is unpredictable, let us patiently wait for what will happen as long as we are in a healthy market condition.

Dart18

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And yet, up until now they are not stopping with their FUD or negative analysis about bitcoin but look at its price.
It is more expensive now even if they does that kind of things.

More like they helped shape up the bitcoin technology. As of how, they made people question what bitcoin is, specially newbies. Lots of research, since there is already a lot of ways to research like videos and forums like this, the knowledge is easy to access.
I hope they also considered that before trying to break bitcoin.

Getmon

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Quote from: Jating on November 03, 2019, 08:21:04 AM

Well we went bullish last week or so, pushing the price of bitcoin to $10k some exchange. But the problem is that it was not sustainable and majority thinks that there could be some whales manipulating the price.

So currently, I would say that we are still in the bearish trend, not unless bitcoin broke that $10k, maintain its position and not being rejected again. So let's see how it goes, the uncertainty of the market is really hard to predict.

Overall, we are neither on a bearish nor a bullish condition. If we fall from $9,000 that might be a sign of bears coming. But we are surely knocking on the $10,000 wall again and test if we can break it. We have entered it quickly but rejected after a very short while. In the coming days, Bitcoin will do that again. If we can enter that up to $10,200, I guess we can consider the $10,000 resistance wall pretty broken.

Jating

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Well we went bullish last week or so, pushing the price of bitcoin to $10k some exchange. But the problem is that it was not sustainable and majority thinks that there could be some whales manipulating the price.

So currently, I would say that we are still in the bearish trend, not unless bitcoin broke that $10k, maintain its position and not being rejected again. So let's see how it goes, the uncertainty of the market is really hard to predict.

BartS

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Quote from: Herbert2020 on October 22, 2019, 03:35:50 AM

Quote from: ?? on ??

The reason why the volatility is high simply because this is a world market that runs 24/7 and I agree that every pump there will be a dump after that.

there are many other markets that are also 24/7 but that doesn't make them volatile. the reason for bitcoin price volatility has nothing to do with that. it is only because of the small size of the market and the fact that it is also filled with a lot of newbies with weak hands.
you should also know that rise and fall is not the same thing as pump and dump! when bitcoin price goes up it is a rise not a pump. if it were a pump and dump then it would have never been able to go beyond $100 let alone reach 5 digits!

Another reason for the great volatility of this market is that many traders in their desire to make profits use huge leverage, and when their predictions are mistaken and they lose their money this causes an immediate crash in the price.

And we must also remember there are whales out there with a huge mount of coins that can move the market as they wish and when you add the lack of volume and the limited supply of bitcoin this creates an even greater volatility.

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Quote from: Oasisman on October 22, 2019, 02:32:17 AM

That's quite possible. As much as I dont believe in whales, but how we identify the market trend is through the supply and demand analysis. And It's far from impossible that people who has a really deep pocket could somehow dictate the market on which direction they want to go, though It's not really called a manipulation.

Not just possible, it's a fact in the crypto market due to relatively minor capitalization, they have enough resources to spend a huge amount of fiat currency to pump the price. No need to having full control to manipulate the market, it's occasionally happening just like I mentioned.

Quote from: Oasisman on October 22, 2019, 02:32:17 AM

Since manipulation means, having a full control towards the certain situation or the market.

What a nonsense made by yourself;
MANIPULATION
Noun
1. The action of manipulating something in a skilful manner.
2. The action of manipulating someone in a clever or unscrupulous way.

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Quote from: samcrypto on October 21, 2019, 05:47:23 AM

Quote from: DeathAngel on October 18, 2019, 06:34:21 AM

The price is being artificially suppressed by those who have the power to do so. Don’t worry though, it’ll become too hard for them to continue to do so after the halving.

Patience is required.

They can’t manipulate the market always because someone will change the trend and everyone will follow that either up or down. Bitcoin is good at bear and stronger during bull so take that patience in you and have a good decision to hold more. Panicking is no place for short term market, prepare for the future.

I stills smell some conspiracy in these price of bitcoin and not every dump that we see is actually from the part of the whales, I believe that even the government would be playing some games to always crash the value of bitcoin so that it can be discouraging to the people that are using it, but like you have all said, bitcoin is stronger than they actually think and I think that the time will come where they will have no way to actually manipulate the price again.

One thing about their price manipulation is that it even gets people to become stronger and more understanding about bitcoin rather than their main intention for crashing the price of bitcoin. The bears will not always have its way, their time is always very short in the market and with time, the bulls will surely take over the market and become the main dominant of the market.

Clement Kaliyar

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Quote from: GLOTHYD on October 05, 2019, 11:50:05 AM

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

The price of bitcoin depends upon the investors and the decision of a government might influence the rate at which the bitcoin is accepted globally but as long as there are investors in the market the price keeps moving, when China forced the exchanges to shut down they moved to other countries and the same happens with United States and it is highly unlikely that United States will ban the billion dollar market and the trillions invested in it worldwide and i am expecting the market to have a fair regulation.

Bustart

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Quote from: Oasisman on October 22, 2019, 02:32:17 AM

Quote from: error08 on October 21, 2019, 11:20:48 PM

Quote from: 1Referee on October 21, 2019, 04:34:14 PM

Quote from: sana54210 on October 21, 2019, 02:26:02 PM

I think they manipulate the market when they have to, like when price went from $10k to $7.7k last month that was manipulation if you ask me, however after the price dropped to $7.7k then they didn't had to manipulate.

No one is manipulating the market. It's just the fact that the market has turned full bearish, which automatically translates into inherently bearish formations to have an even higher tendency of breaking down.

There also isn't a central group that manipulates Bitcoin. If there was, that group would have a damn hard time steering the market into a direction that directly trades against the rest of the market. If we fall down like we have in the last couple of weeks, it's just an indication of lower demand. No point in blaming manipulators that aren't there.

What goes up hard must come down hard, which is something that Bitcoin is reminding people of almost every single year. Nothing new.

Bitcoin market manipulators do exist, they are responsible driven the market price by a pump and dump action on a Large scale. I've seen a whales spoke about it, he develops a trading app/analysis which used by other whales in many countries, when they decide to buy, millions of dollars inject to several exchanges thus the price suddenly spike and people captivated to buy, but at some point they will sell to get huge profits.
It would be easy to recognize, whenever the price spike up or drop in a short time within hours, it means whales do it.

That's quite possible. As much as I dont believe in whales, but how we identify the market trend is through the supply and demand analysis. And It's far from impossible that people who has a really deep pocket could somehow dictate the market on which direction they want to go, though It's not really called a manipulation. Since manipulation means, having a full control towards the certain situation or the market.

We're opposite on that perspective mate, I do believed on whales that they can do things possibly because they do have the capital to play with the game of cryptocurrency. Once those whales bought huge amount of bitcoin then hold it for so long, it would suppress the circulation. So they sell it once btc price crashed to cheaper price and hype will start.

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The reason why the volatility is high simply because this is a world market that runs 24/7 and I agree that every pump there will be a dump after that.

there are many other markets that are also 24/7 but that doesn't make them volatile. the reason for bitcoin price volatility has nothing to do with that. it is only because of the small size of the market and the fact that it is also filled with a lot of newbies with weak hands.
you should also know that rise and fall is not the same thing as pump and dump! when bitcoin price goes up it is a rise not a pump. if it were a pump and dump then it would have never been able to go beyond $100 let alone reach 5 digits!

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Quote from: error08 on October 21, 2019, 11:20:48 PM

Quote from: 1Referee on October 21, 2019, 04:34:14 PM

Quote from: sana54210 on October 21, 2019, 02:26:02 PM

I think they manipulate the market when they have to, like when price went from $10k to $7.7k last month that was manipulation if you ask me, however after the price dropped to $7.7k then they didn't had to manipulate.

No one is manipulating the market. It's just the fact that the market has turned full bearish, which automatically translates into inherently bearish formations to have an even higher tendency of breaking down.

There also isn't a central group that manipulates Bitcoin. If there was, that group would have a damn hard time steering the market into a direction that directly trades against the rest of the market. If we fall down like we have in the last couple of weeks, it's just an indication of lower demand. No point in blaming manipulators that aren't there.

What goes up hard must come down hard, which is something that Bitcoin is reminding people of almost every single year. Nothing new.

Bitcoin market manipulators do exist, they are responsible driven the market price by a pump and dump action on a Large scale. I've seen a whales spoke about it, he develops a trading app/analysis which used by other whales in many countries, when they decide to buy, millions of dollars inject to several exchanges thus the price suddenly spike and people captivated to buy, but at some point they will sell to get huge profits.
It would be easy to recognize, whenever the price spike up or drop in a short time within hours, it means whales do it.

That's quite possible. As much as I dont believe in whales, but how we identify the market trend is through the supply and demand analysis. And It's far from impossible that people who has a really deep pocket could somehow dictate the market on which direction they want to go, though It's not really called a manipulation. Since manipulation means, having a full control towards the certain situation or the market.

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Quote from: 1Referee on October 21, 2019, 04:34:14 PM

Quote from: sana54210 on October 21, 2019, 02:26:02 PM

I think they manipulate the market when they have to, like when price went from $10k to $7.7k last month that was manipulation if you ask me, however after the price dropped to $7.7k then they didn't had to manipulate.

No one is manipulating the market. It's just the fact that the market has turned full bearish, which automatically translates into inherently bearish formations to have an even higher tendency of breaking down.

There also isn't a central group that manipulates Bitcoin. If there was, that group would have a damn hard time steering the market into a direction that directly trades against the rest of the market. If we fall down like we have in the last couple of weeks, it's just an indication of lower demand. No point in blaming manipulators that aren't there.

What goes up hard must come down hard, which is something that Bitcoin is reminding people of almost every single year. Nothing new.

Bitcoin market manipulators do exist, they are responsible driven the market price by a pump and dump action on a Large scale. I've seen a whales spoke about it, he develops a trading app/analysis which used by other whales in many countries, when they decide to buy, millions of dollars inject to several exchanges thus the price suddenly spike and people captivated to buy, but at some point they will sell to get huge profits.
It would be easy to recognize, whenever the price spike up or drop in a short time within hours, it means whales do it.

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Quote from: dimonstration on October 21, 2019, 02:29:06 AM

Quote from: Kasabus on October 18, 2019, 08:11:32 AM

Majority voted for $8,000, they are being in the safe side because that's the range of btc price this month.
We have to be more optimistic and remember that this market is a very unpredictable market so we could jump back again at $10,00 or over.
I just missed the deadline, I should have voted $10,000.

I'll go for $9k to $10k range, though only few days left before the month ends we can't really tell it's the price it can only achieved now, since the market is recovering a bit even it experience red in some days of this month it still able to be green after. It can still be push more to $9k, since no recent news can affect the price to pull down the price, the traders might be convinced to hold more BTC till the halving and buying it now for cheaper price can help for the price to achieve atleast more than $9k this month.

Let me add up an idea which also not certain by now but likely to occur one of these days and so on, $10.5k might be a potential one. That still depends non how the bitcoin market behaves, and as fluctuations remain so imminent we may experience a lot of struggles before hitting back again a progressive market. Bear and bull market will always remain so tight on their rivalry against competition.

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Quote from: sana54210 on October 21, 2019, 02:26:02 PM

I think they manipulate the market when they have to, like when price went from $10k to $7.7k last month that was manipulation if you ask me, however after the price dropped to $7.7k then they didn't had to manipulate.

No one is manipulating the market. It's just the fact that the market has turned full bearish, which automatically translates into inherently bearish formations to have an even higher tendency of breaking down.

There also isn't a central group that manipulates Bitcoin. If there was, that group would have a damn hard time steering the market into a direction that directly trades against the rest of the market. If we fall down like we have in the last couple of weeks, it's just an indication of lower demand. No point in blaming manipulators that aren't there.

What goes up hard must come down hard, which is something that Bitcoin is reminding people of almost every single year. Nothing new.

It reminds me of my gaming time where noobs called you a cheater if you beat them fair and square. Grow a thicker skin and get to understand this market better.

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I think they manipulate the market when they have to, like when price went from $10k to $7.7k last month that was manipulation if you ask me, however after the price dropped to $7.7k then they didn't had to manipulate.

There are not enough people who can spend millions of dollars and make bitcoin go back to $10k, those people are the whales and as long as whales or manipulators do not move the price up the regular folks do not have the coordination to get together and all buy at the same time. Look at how much bitcoin is bought everyday, if we could just stop quarter of it (all separate minutes, just make it look like its slowing down) then at a moments notice spend all that quarter of the buyers to buy at the same time then we would be around $10-$12k right now, but since they are spread throughout the day it doesn't happen.

the rise

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Quote from: ?? on ??

Inevitably, there is a battle between bull and bear , now control are for bear but people buying too
next week or after november , market will stable and dump will not affect like these days
And whenever halving time gets closer the bull will be in the foreground

Bitcoin history before halving is very strong bearish, and I think it's even worse than $ 6,500. If it refers to October alone, it will fluctuate at just $ 8,000. Next month will fall even worse to reshape the monthly pattern. Actually the market is also waiting for another good news sentiment to neutralize all of this in the opposite direction. otherwise there will be no frontal movement until the end of the year.

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You mean other coins are dependent to Bitcoin. Put a dot on that. It means there is no continuation.
Bitcoin had never been dependent to anything.
It is more like how much supporters will use it.
While on the other hand, other coins are expecting growth from how the bitcoin price moves.

One example is before, bitcoin up altcoins down and vice versa.
We dont see that anymore but that doesnt mean this other coins are independent. It just doesnt work like that anymore because of the stable coins that came in.

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Quote from: michellee on October 21, 2019, 06:14:34 AM

We can hope that we can control our emotions in the bear market because we want to make a big profit when the bull market comes.

Controlling emotions is a difficult task and requires people to have a rational---unbiased state of mind, which you clearly don't have because you are deep enough invested to feel uncomfortable as the price drops lower and lower.

Maybe that you can look into how shorting works, because it provides some sort of an insurance policy in case the market turns against your hodl position. That way bear markets are easier to go through because it makes you money.

Obviously, don't use crazy leverage mutipliers but one that allows you to ride the market down without being worrying about being stopped out. I would say anything below 5x will help you accomplishing that.

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Quote from: samcrypto on October 21, 2019, 05:47:23 AM

Quote from: DeathAngel on October 18, 2019, 06:34:21 AM

The price is being artificially suppressed by those who have the power to do so. Don’t worry though, it’ll become too hard for them to continue to do so after the halving.

Patience is required.

They can’t manipulate the market always because someone will change the trend and everyone will follow that either up or down. Bitcoin is good at bear and stronger during bull so take that patience in you and have a good decision to hold more. Panicking is no place for short term market, prepare for the future.

Only patience will keep us survive in this bear market. Bitcoin still stronger until now, and even the price is down many times below $8000, the price can back to $8000. But if you panic if the price is down, you will not see the opportunity that may come to you because when the price is down, that will a good time to buy more bitcoin. We can hope that we can control our emotions in the bear market because we want to make a big profit when the bull market comes.

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Quote from: DeathAngel on October 18, 2019, 06:34:21 AM

The price is being artificially suppressed by those who have the power to do so. Don’t worry though, it’ll become too hard for them to continue to do so after the halving.

Patience is required.

They can’t manipulate the market always because someone will change the trend and everyone will follow that either up or down. Bitcoin is good at bear and stronger during bull so take that patience in you and have a good decision to hold more. Panicking is no place for short term market, prepare for the future.

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Quote from: Kasabus on October 18, 2019, 08:11:32 AM

Majority voted for $8,000, they are being in the safe side because that's the range of btc price this month.
We have to be more optimistic and remember that this market is a very unpredictable market so we could jump back again at $10,00 or over.
I just missed the deadline, I should have voted $10,000.

I'll go for $9k to $10k range, though only few days left before the month ends we can't really tell it's the price it can only achieved now, since the market is recovering a bit even it experience red in some days of this month it still able to be green after. It can still be push more to $9k, since no recent news can affect the price to pull down the price, the traders might be convinced to hold more BTC till the halving and buying it now for cheaper price can help for the price to achieve atleast more than $9k this month.

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Quote from: beerlover on October 19, 2019, 08:44:53 AM

I think the main 3 winners are definitely right, the price will definitely be somewhere between $7.5k and $9.5k, I don't see it going anywhere under or over those prices any time soon.

Even if a bull run happens and price goes above $10k for a while, it sure will fall under $10k once again and we all know it goes to $9.5k directly when it goes under $10k, it doesn't stop like at $9.8k or something, that has never happened in history of bitcoin, if it goes under $10k its going under $9.5k as well.

i agree that price will stay in this range for this month at least and i don't see it going anywhere below $8k ($7.9k tops) but i disagree with the second part. at this point if the price rise begins and reaches $9.1k+ then there is no stopping it and it will surpass $10k, $11k and continues going up and stops at a much higher price then comes down to still above $10k levels.
in other words the early 2019 will be repeated but instead of $4k shooting to $10k it will be $8k shooting to $15k.

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Quote from: GLOTHYD on October 05, 2019, 11:50:05 AM

Bitcoin Price Factors
News background and the forecasts of experts. The events that occur around Bitcoin, directly affect the cost of cryptocurrency. For example, hacking of exchange platforms and negative statements by experts in the cryptocurrency sphere lead to decline in the BTC price. On the other hand, positive developments contribute to the Bitcoin value rise. Recall at least the inclusion of Bitcoin Cash in the listing of Coinbase, after which the course BTC price soared up.

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

Negative news that does not support crypto from the government of a country does have an adverse effect on the continuity of the price of bitcoin, and this has happened with the US government which bans crypto, although crypto has nothing to do with the government but the impact will certainly have.
But certainly no one can predict the price of bitcoin accurately, sometimes the news also does not bring any impact on bitcoin

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I think the main 3 winners are definitely right, the price will definitely be somewhere between $7.5k and $9.5k, I don't see it going anywhere under or over those prices any time soon.

Even if a bull run happens and price goes above $10k for a while, it sure will fall under $10k once again and we all know it goes to $9.5k directly when it goes under $10k, it doesn't stop like at $9.8k or something, that has never happened in history of bitcoin, if it goes under $10k its going under $9.5k as well.

It means the price will %99 be anywhere between $7.5k and $9.5k when the month ends. Sure, that is a big difference and sure ending at $9.5k would mean a lot different things for the future than ending it with $7.5k but person who said $14k for example is dead wrong and we can see people agree thanks to this poll.

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Though voting is closed and 8K USD has received most of the votes! But I think BTC will end up this month by hitting 7500-7000 USD! There are very strong rumors that the bear run is coming again in the crypto market and BTC price can hit 6-5K USD like the previous year. In November 2018, Bitcoin's price was dumped and went under 5K USD as I remembered! So, October can be a start for the 2019's bear run!

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Most of those who voted really know how to predict the market, Bitcoin is behaving like stablecoin this season and not going anywhere well its better than it will dip hard. But compare to last years price performance this year is more better not to set aside the different factors.

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Majority voted for $8,000, they are being in the safe side because that's the range of btc price this month.
We have to be more optimistic and remember that this market is a very unpredictable market so we could jump back again at $10,00 or over.
I just missed the deadline, I should have voted $10,000.

DeathAngel

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The price is being artificially suppressed by those who have the power to do so. Don’t worry though, it’ll become too hard for them to continue to do so after the halving.

Patience is required.

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Well, I sure do hope a bear right now. Although based on recent changes of the market, BTC is just moving sideways with a bit of up and downs here and there but nothing too heavy. Also, some of the statements you said doesn't necessarily affect the price much. Bitcoin is a bit eccentric at times when the market changes so you can't really predict it at times. If you do though, its most likely because of a recent huge event that pushed up the price like what people most expected with BAKKT launch. A lot of us expected BTC price to hike up then and there but it was a disappointment to all of us sadly enough.

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Quote from: FlamingFingers on October 18, 2019, 05:37:52 AM

October is almost over and it seems the prediction with the most votes might be right, I think it's high time we started looking at way at which bitcoin adoption will become more rampant, because that is the one of the best way at which the price can move upward immensely kinda fed up of checking the chat always

This time predictions are turning out to be true because we are at the end of October and I believe the right time for these sort of poll would be beginning of the month. $8k has become a stable value for bitcoin from few weeks with a slight fluctuations of few hundred dollarss either way around.

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October is almost over and it seems the prediction with the most votes might be right, I think it's high time we started looking at way at which bitcoin adoption will become more rampant, because that is the one of the best way at which the price can move upward immensely kinda fed up of checking the chat always

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Investors and traders depends their actions on current events, developments and news. Whenever there are positive news in cryptocurrency such as development, adoptation and positive market speculation by trading experts it somehow affects the demand of cryptocurrency in general. Not to mention market manipulation, whenever there are massive sell-out by whales or even a movement of a big amount from one address to another somehow affects the market.

CryptoBry

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Quote from: GLOTHYD on October 05, 2019, 11:50:05 AM

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

Developments and even news will have an effect somehow on Bitcoin that is if they are taken or consumed by the market as there are also news that the market just shrugged off. I remember the last ETF rejection by SEC that instead of causing the Bitcoin to go down dramatically there was no such thing and Bitcoin even go up a little. In my view, the Bitcoin market has seen so many things already and will not be reacting to things like in the past. But one thing is sure, with Bitcoin there is no way we can exactly predict how a certain news can affect it.

Quote from: ?? on ??

This is a stupid post with no substance, pure crap. Experts don't know shit, we are all experts on crypto as it's so young and if they knew something we didn't they'd be rich. Governments have shown to have very little impact, this isn't the old days of china ban Bitcoin dip fud.

I would not label the post of OP as really that stupid. While it is true that Bitcoin has matured a lot compared to the past, there is still no guarantee that a certain news -- especially a negative one -- will not be influencing the price movement of the coin. Sometimes the market still do react to some news especially when there is nothing else on the horizon.

Quote from: ChrisPop on October 05, 2019, 12:01:29 PM

Solely basing my opinion on technicals I'll say that Bitcoin is going to remain in a sideways price action through October and form some kind of a consolidation/accumulation pattern and then powerslide to the upside. On the big timeframes Bitcoin is very bullish in my opinion. However we might still have some downside to go so my prediction is between $7700 and $8600.

With the way things are right now with Bitcoin, your projection has come true. As I am writing this, Bitcoin is pulling back below the $8,000 level and the bearish mood is really taking place. I am sure though that this pullback is just a temporary thing in preparation for the possible bull run next year.

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Quote from: ?? on ??

This is a stupid post with no substance, pure crap. Experts don't know shit, we are all experts on crypto as it's so young and if they knew something we didn't they'd be rich. Governments have shown to have very little impact, this isn't the old days of china ban Bitcoin dip fud.

So you mean to say that this is exactly the same as the wall observer thread but only focused at a month's period and since the OP's kinda unknown, so this is shit?

C'mon. Isn't that double standards?

People are called experts purely because other people are dumb. Its true, there are no experts. Just not-dumb people.

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If there is no FUD then probably the price would be bearish, so we might see some $8k+ or something within this month. I don't know if whales would make a new rally to move up the price, if not then it might be the weak-handed people starting to dump because they feel like the market would die soon.

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Quote from: ?? on ??

I think price will still be around the 8k because no news expected this time. Price can move off this zone if support at the range is broken but as it stays now, I'm not seeing anything big happening.

The support at $8K had been too strong for the price of bitcoin to break although a negative fundamental news might dump the price to break that support however I hope there isn't any negative news event but a positive one, if there isn't any big event the price will stay above $8000 this October, weekly time frame of BTC/USD is going bullish while the monthly monthly time-frame is showing some exhaustion candles and indication of likely bullish sentiment of the market.

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I''ll be bullish this time and will go with the prediction of this anonymous person that Bitcoin will be at $16k at the end of this october. After years of observation, Bitcoin tends not to follow the natural price factor. It either crash when good news happen and skyrocket when bad news happen, sometimes it just go down without any reason. So it is hard to think that these price factor stated by OP really have that major effect on BTC. If we remember the Binance hack, isn't bitcoin rally after that news? Then here is this BAKKT, it is indeed a good news but Bitcoin plummet after its launch. And most of all Bitcoin had shamed many TA professionals. But wait, why is $16k is not on the survey list?

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I think price will still be around the 8k because no news expected this time. Price can move off this zone if support at the range is broken but as it stays now, I'm not seeing anything big happening.

Good news should come before the year end to have the best uptrend again but yeah right now is just a normal trend for bitcoin and other cryptocurrency. Bull and bear will stay in the market but we should see different trends always and investors have to used on that, trade on bull and bear and take all the risk that you can get.

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Quote from: AjithBtc on October 08, 2019, 02:48:03 AM

If the trend continues there will be small scale growth along with the price fluctuation. This could end up around $12000 by the end of the year.

If the trend continues (the trend is bearish) we'll be ready for lower lows. If we get to see the $10k level be hit this year it would really be a miracle. It would then immediately signal a bullish trend reversal.

I have seen some people point out how bearish the sentiment is and for that reason can expect a counter (bullish) move, but I doubt that. Everyone expected the triangle to break down and it actually did.

Having a contrarian view mostly works either when we have bottomed or peaked out. If you keep guessing that this or that will happen just because people are bullish or bearish, you're more likely to lose.

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Quote from: AjithBtc on October 08, 2019, 02:48:03 AM

Quote from: Wysi on October 07, 2019, 03:53:54 PM

Quote from: wildey on October 07, 2019, 01:20:33 PM

I vote for the price of bitcoin to the level of $ 9,000. from what I read, the predicted price of bitcoin this month is approaching the price of $ 8500. however, given the current conditions, the price of bitcoin is recovering quite quickly from the price of $ 7900 to the price of $ 8300. $ 400 price increase in a short amount of time. if the price of bitcoin rises like this in October, I don't think it's hard to reach $ 9,000.

Yes there are chances that the value of bitcoin will increase further and either this might be the repeat of what happened in the last quarter of 2017 or else just a temporary pump before one more bearish season. It's never hard to reach $9,000 as this mark has been achieve multiple times but the real challenge here is about the stability even if the value reaches $9,000 mark there are chances of more fluctuations.

Price fluctuations are happening with the margin of $7800-$8300. This might continue for a while before getting pumped hard reaching the $10000 tag which takes the price of bitcoin reach a step higher than the present value. If the trend continues there will be small scale growth along with the price fluctuation. This could end up around $12000 by the end of the year.

Will Bitcoin reach the end of this year at $ 12k? Many predictions are also experts who say more than $ 15k the price of bitcoin at the end of this year, but I am still doubtful because of the rise in bitcoin when it was still slow and unstable.

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Quote from: Wysi on October 07, 2019, 03:53:54 PM

Quote from: wildey on October 07, 2019, 01:20:33 PM

I vote for the price of bitcoin to the level of $ 9,000. from what I read, the predicted price of bitcoin this month is approaching the price of $ 8500. however, given the current conditions, the price of bitcoin is recovering quite quickly from the price of $ 7900 to the price of $ 8300. $ 400 price increase in a short amount of time. if the price of bitcoin rises like this in October, I don't think it's hard to reach $ 9,000.

Yes there are chances that the value of bitcoin will increase further and either this might be the repeat of what happened in the last quarter of 2017 or else just a temporary pump before one more bearish season. It's never hard to reach $9,000 as this mark has been achieve multiple times but the real challenge here is about the stability even if the value reaches $9,000 mark there are chances of more fluctuations.

Price fluctuations are happening with the margin of $7800-$8300. This might continue for a while before getting pumped hard reaching the $10000 tag which takes the price of bitcoin reach a step higher than the present value. If the trend continues there will be small scale growth along with the price fluctuation. This could end up around $12000 by the end of the year.

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Quote from: wildey on October 07, 2019, 01:20:33 PM

I vote for the price of bitcoin to the level of $ 9,000. from what I read, the predicted price of bitcoin this month is approaching the price of $ 8500. however, given the current conditions, the price of bitcoin is recovering quite quickly from the price of $ 7900 to the price of $ 8300. $ 400 price increase in a short amount of time. if the price of bitcoin rises like this in October, I don't think it's hard to reach $ 9,000.

Yes there are chances that the value of bitcoin will increase further and either this might be the repeat of what happened in the last quarter of 2017 or else just a temporary pump before one more bearish season. It's never hard to reach $9,000 as this mark has been achieve multiple times but the real challenge here is about the stability even if the value reaches $9,000 mark there are chances of more fluctuations.

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I vote for the price of bitcoin to the level of $ 9,000. from what I read, the predicted price of bitcoin this month is approaching the price of $ 8500. however, given the current conditions, the price of bitcoin is recovering quite quickly from the price of $ 7900 to the price of $ 8300. $ 400 price increase in a short amount of time. if the price of bitcoin rises like this in October, I don't think it's hard to reach $ 9,000.

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As you can see the movement of the price of bitcoin it seems that we might see again bear market or if not the price might remain or stay at the price of 8000$. The current price of bitcoin is around 7800$ to 7900$ so we do not know if this price might fall or might rise. For me, if there will be a new coming bull run in this last quarter of the year 2019 we might expect that before the bitcoin halving the price have a chance to surpass its all-time high price. I still believe that its more on the bull run than in having a bear market.

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legendary

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Merit: 1521

Quote from: GLOTHYD on October 05, 2019, 11:50:05 AM

Bitcoin Price Factors
News background and the forecasts of experts. The events that occur around Bitcoin, directly affect the cost of cryptocurrency. For example, hacking of exchange platforms and negative statements by experts in the cryptocurrency sphere lead to decline in the BTC price. On the other hand, positive developments contribute to the Bitcoin value rise. Recall at least the inclusion of Bitcoin Cash in the listing of Coinbase, after which the course BTC price soared up.

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

This is copy-pasted from here: https://atomicwallet.io/bitcoin-price-prediction

No need to respond to this troll. If you want to make price predictions, bring your analysis to micgoossens' thread: https://bitcointalksearch.org/topic/q4-quarter-4-speculation-thread-where-will-2019-end-join-the-list-5188987

putukin

jr. member

Activity: 108

Merit: 1

The bear market has begun and this will not change. I think we should not count on a price in excess of $8K. Most likely, Bitcoin price will fall even lower to around $7500

negancoin

full member

Activity: 560

Merit: 126

Quote from: doomistake on October 05, 2019, 12:28:41 PM

According to what I've read, these are the factors that influenced bitcoin's price:
- The supply of bitcoin in the market
- number of its competitors (altcoins)
- the exchanges it trades on
- its internal governance

When it comes the price you can not eliminate "decisions of the governments of large countries" factor, their decisions have impact on people and trading platforms which indirectly impact bitcoin's price, for example if The U.S government decided to ban crypto you will for sure see a big crash . Yes they can't shut down bitcoin but they can impact the price. what you forgot to take into account is the fact that governments have impact on those fourth factors that you mentioned, therefore they can impact the price in both directions.

mr3dds

member

Activity: 173

Merit: 12

Bearish I think. I think will sink a little more. I see a lot of people selling and others afraid to buy. That's a big sign for another drop.

doomistake

hero member

Activity: 1400

Merit: 571

*snips*

Quote from: GLOTHYD on October 05, 2019, 11:50:05 AM

Bitcoin Price Factors
News background and the forecasts of experts. The events that occur around Bitcoin, directly affect the cost of cryptocurrency. For example, hacking of exchange platforms and negative statements by experts in the cryptocurrency sphere lead to decline in the BTC price. On the other hand, positive developments contribute to the Bitcoin value rise. Recall at least the inclusion of Bitcoin Cash in the listing of Coinbase, after which the course BTC price soared up.

Quote from: GLOTHYD on October 05, 2019, 11:50:05 AM

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

This is pure bullshit, when did this happen? the bitcoin's price being dependent on the "decisions of the governments of large countries" please don't make me laugh, my parents are sleeping right now. I get what you were trying to say but it's a little off in some ways. Bitcoin was not owned by anyone, even the banks or the Government, therefore inflation rates or even they banned bitcoin in their countries, bitcoin's price will never be dependent on them.

According to what I've read, these are the factors that influenced bitcoin's price:
- The supply of bitcoin in the market
- number of its competitors (altcoins)
- the exchanges it trades on
- its internal governance

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

Quote from: ?? on ??

This is a stupid post with no substance, pure crap. Experts don't know shit, we are all experts on crypto as it's so young and if they knew something we didn't they'd be rich. Governments have shown to have very little impact, this isn't the old days of china ban Bitcoin dip fud.

Solely basing my opinion on technicals I'll say that Bitcoin is going to remain in a sideways price action through October and form some kind of a consolidation/accumulation pattern and then powerslide to the upside. On the big timeframes Bitcoin is very bullish in my opinion. However we might still have some downside to go so my prediction is between $7700 and $8600.

GLOTHYD

newbie

Activity: 6

Merit: 0

Bitcoin Price Factors
News background and the forecasts of experts. The events that occur around Bitcoin, directly affect the cost of cryptocurrency. For example, hacking of exchange platforms and negative statements by experts in the cryptocurrency sphere lead to decline in the BTC price. On the other hand, positive developments contribute to the Bitcoin value rise. Recall at least the inclusion of Bitcoin Cash in the listing of Coinbase, after which the course BTC price soared up.

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

Topic: BULL VS BEAR (Read 1634 times)