The price is going up at the moment but it does not mean anything, i am more than glad that it has been going up but maybe it will take some months until the price starts going up like during the end of the last year. We just need to wait a little bit longer
Topic: Bulls are back (Read 457 times)
many trend anals just look at price history. and draw triangles based on mythical numbers of xday average that can vary as they please to create a triangle of any angle they please to make a prediction of anything they please.
but when looking at what actually caused the spikes and dumps there is actually a correlation related to mining cost.
and we are still not out of the forrest where the bears live in regards to the support line caused by mining cost. so we are not quite in the open fields where the bulls graze.
if you want to check out why the october 2013 rise occured check out what month the first ASICS came online. and remember a pool will not sell a coin at a loss.
EG a gold miner if it cost him over $1000 an ounce to mine. wont sell their gold ounces for $1
EG a gold miner if it cost him only $1 an ounce to mine. would sell their gold ounces for $1 and that would mak gold only be around $1
just make a chart of the markets. and then overlay it with the mining costs. and you will see the fleld edge between bull and bear. you will see where the "speculative bubble" (over priced) area's are. and you will see where the main support line is
but when looking at what actually caused the spikes and dumps there is actually a correlation related to mining cost.
and we are still not out of the forrest where the bears live in regards to the support line caused by mining cost. so we are not quite in the open fields where the bulls graze.
if you want to check out why the october 2013 rise occured check out what month the first ASICS came online. and remember a pool will not sell a coin at a loss.
EG a gold miner if it cost him over $1000 an ounce to mine. wont sell their gold ounces for $1
EG a gold miner if it cost him only $1 an ounce to mine. would sell their gold ounces for $1 and that would mak gold only be around $1
just make a chart of the markets. and then overlay it with the mining costs. and you will see the fleld edge between bull and bear. you will see where the "speculative bubble" (over priced) area's are. and you will see where the main support line is
Do you think that the price of bitcoins depends on the production of bitcoins? It is very difficult for me to believe these words, because I think it is very stupid. I'm certainly not a miner and many things do not know, but it seems to me that the price is formed by the price of demand. If there is a demand for bitcoin, people buy it, if not, it falls.
Yes, it seems that Bitcoin again began to appreciate. The two major BTC and ETH coins have a very good upward movement, I think that good and long-term growth begins. The time of bad news has passed. Personally, I now wait for such a good impulse to correct and buy all available funds. Good luck everyone!
we are still in recovering mode , i hope bulls will be stronger in coming month and like last year october-december period we will see new all time high this year too . so that once again we can prove BTC is not bubble , only it is volatile .
Thankfully, that we can agree on. Hahaha.
At any rate, it is precisely why I keep telling everyone to buy the dip in preparation for the next halving on 2020. The miners' rewards will be cut in half, and it would be crazy of them if they sell it on anything below $10,000.
Buy now while it is under $10,000. It will not go below that again by 2020.
At any rate, it is precisely why I keep telling everyone to buy the dip in preparation for the next halving on 2020. The miners' rewards will be cut in half, and it would be crazy of them if they sell it on anything below $10,000.
Buy now while it is under $10,000. It will not go below that again by 2020.
mhm
price drops is never panic day.. its discount day
i still get shocked that people panic sell on discount days when they should actually be buying more while its cheap
EG $15k->$20k
silly fools say "nah im not gonna sell, i think i might buy more. its heading to infinity"
EG $20k->$6k
silly fools say "i should sell. so i dont lose" ... sold.. "OMG I MADE A LOSS, how is that possible"
vs
EG $15k->$20k
smart traders say "i should sell. so i make profit and not lose when it crashes" ... sold.. "OMG I MADE profit.. PARTY"
EG $20k->$6k
smart traders say "nah im not gonna sell, i think i might buy more. averages my coins to a lower price to then be more profitable on the next rise"
We the traders can't actually say that the bulls are back because today we are experiencing the increasing of bitcoin and other Coins too in the market. Maybe one day or anytime soon the real bulls will be back and the value of bitcoin will go to the moon again 
I like how the same kind of speculation, and bulls are back or bears are stronger discussions happened below the $300 level years ago -- the only difference is the price that currently is more than 30 times higher. In the same way people will look back at current levels when we hover well over $100,000 somewhere in the future. Bulls are always here and probably won't ever go away until we have reached a point from where we realistically just can't expect 10x increases anymore. Some say it's like $300,000 and some think it will demolish the astronomical $1,000,000 barrier. Either way, those who keep holding are future winners.
It's not just that. All the fear, desperation, anguish, elation - they're almost replicas of the same stories during all those past periods. I do feel that the TA has become a bit more matured, though of course, there's a lot more data to play with. I know some say that it was much better in those days, but I think the solid posts tend to get buried these days under the hyper/hypo bole.
Hard to say what's realistic though, isn't it? I never thought 10k was realistic, but here we are talking about 100k. I've to admit I no longer am sure where to ground my realities with Bitcoin.
What the kind of market situation we got right now? It's really hard to grasp the reality. That's why the best weapon is to really hold and just wait and see where the market goes. How many of us predicted that the great wall of $10K will be quickly broken? But now the price seems to go on deeper at $91xx now so I'm a little lost as to what causes another dump. But if the bulls are really back and taking over the market, then we should see the price breaking the $10K mark, however, its another mental barrier that we need to overcome in the next coming days.
We the traders can't actually say that the bulls are back because today we are experiencing the increasing of bitcoin and other Coins too in the market. Maybe one day or anytime soon the real bulls will be back and the value of bitcoin will go to the moon again
I like how the same kind of speculation, and bulls are back or bears are stronger discussions happened below the $300 level years ago -- the only difference is the price that currently is more than 30 times higher. In the same way people will look back at current levels when we hover well over $100,000 somewhere in the future. Bulls are always here and probably won't ever go away until we have reached a point from where we realistically just can't expect 10x increases anymore. Some say it's like $300,000 and some think it will demolish the astronomical $1,000,000 barrier. Either way, those who keep holding are future winners.
It's not just that. All the fear, desperation, anguish, elation - they're almost replicas of the same stories during all those past periods. I do feel that the TA has become a bit more matured, though of course, there's a lot more data to play with. I know some say that it was much better in those days, but I think the solid posts tend to get buried these days under the hyper/hypo bole.
Hard to say what's realistic though, isn't it? I never thought 10k was realistic, but here we are talking about 100k. I've to admit I no longer am sure where to ground my realities with Bitcoin.
Probably they are back, probably they are not. The recent price movement we have been having in bitcoin recently is not much to be termed as the Bulls fault or manipulation. We just have to wait for some weeks or even months to past or some days to come with an unbeatable price, before we can conclude that it is the bulls doing.
That was basically more or less result of a break out and probably some little bit of manipulation to the upside like you said, and all these is just to hit a specific target which we are still trying to decipher which is; $10k or $12k ?That is simply not the issue here though, just like Franky mentioned, the idea is to always buy at the bottom and look forward to the best days ahead, but it just seems people will never get that. Bulls or no bulls, I personally prefer a steady growth in any market as it brings some level of sanity.
I dont think we're experiencing a bull run just yet because the volumes are not that significantly high but we definitely are experiencing a recovery (hopefully its not a bull trap though). With that being said, Eth and BCH have experienced a lot more gain than bitcoin which leads me to believe that they were either way under valued or that some of that money will flow back to bitcoin and we'll see bitcoin at 14-15k in the near future.
Yeah right,how can we call a bullrun when denial is always there,for couple of times bitcoin tries to touches $10,000 but suddenly denied twice,then after that price drops nearly $9,000 so it wasnt a bull,maybe just a goat lol 🤣🤣🤣If we passed $10,000 then maybe we can expect some run but be ready because lots of false alarm are happening this past Q1 and Q2
For the last few weeks; price of bitcoin is on an rise again. It is almost near to touch $10k. Festival mood appears in the market. Everybody is happy: celebrating mood. 
There was one time when btc was below 7k and most of the people were hesitating buying it. Now there is a mood of positivity in all the directions. We will be hearing all the good news from each and every corner.
But in this festive season please never panic. If you want to buy please invest only that part of your money the loss of which you can afford without much pain.
In my opinion; good strategy to invest is that the investor while investing shall have one stop loss limit in his mind. It means suppose one person buys one btc @ 10k but unfortunately the reverse trend appears; at that time without allowing the loss to increase with the continuous fall in the market; suppose i fix one limit to sell back @9k in case the downfall starts. So I will suffer loss of 1 k what ever may be the downfall i.e. suppose the markets falls around 6k I will be saved from further losses.
Again I can buy with the trend change with positive market trend.
It is my opinion; you may differ.
All the good wishes to bitcoin holders
There was one time when btc was below 7k and most of the people were hesitating buying it. Now there is a mood of positivity in all the directions. We will be hearing all the good news from each and every corner.
But in this festive season please never panic. If you want to buy please invest only that part of your money the loss of which you can afford without much pain.
In my opinion; good strategy to invest is that the investor while investing shall have one stop loss limit in his mind. It means suppose one person buys one btc @ 10k but unfortunately the reverse trend appears; at that time without allowing the loss to increase with the continuous fall in the market; suppose i fix one limit to sell back @9k in case the downfall starts. So I will suffer loss of 1 k what ever may be the downfall i.e. suppose the markets falls around 6k I will be saved from further losses.
Again I can buy with the trend change with positive market trend.
It is my opinion; you may differ.
All the good wishes to bitcoin holders
I think that currently the best option is probably to hold onto whatever funds you have to invest in BTC, and wait for the dips to come. I believe that it's only a matter of time, and sooner or later, there will be a series of corrections coming our way.
$10k resistance is proving to be stronger than most people have thought, and while I'm bullish in the long run, I don't think that the bullishness of the past few weeks can be sustained for much longer.
I don't think that your method of investing is a particularly smart one. Cutting your losses at only 10% doesn't make any sense to me, especially at this stage. If you want to invest in BTC now, be prepared to hold for the long run. But even if you want to invest for the long term, I suggest waiting for BTC to dip below $8-9k before accumulating.
Probably they are back, probably they are not. The recent price movement we have been having in bitcoin recently is not much to be termed as the Bulls fault or manipulation. We just have to wait for some weeks or even months to past or some days to come with an unbeatable price, before we can conclude that it is the bulls doing.
Yeah, that's right, we can't be pointing at every increase made in the price of Bitcoin as the work of the the bulls. Not that the bulls are not working, but they might not be the cause of the price we experienced. There is a certain price that we might experience, (for example a price of $12k) before we can say that it's the doings of the bulls. The pumping might be as a result of FOMO, we never can tell.
Thankfully, that we can agree on. Hahaha.
At any rate, it is precisely why I keep telling everyone to buy the dip in preparation for the next halving on 2020. The miners' rewards will be cut in half, and it would be crazy of them if they sell it on anything below $10,000.
Buy now while it is under $10,000. It will not go below that again by 2020.
At any rate, it is precisely why I keep telling everyone to buy the dip in preparation for the next halving on 2020. The miners' rewards will be cut in half, and it would be crazy of them if they sell it on anything below $10,000.
Buy now while it is under $10,000. It will not go below that again by 2020.
mhm
price drops is never panic day.. its discount day
i still get shocked that people panic sell on discount days when they should actually be buying more while its cheap
EG $15k->$20k
silly fools say "nah im not gonna sell, i think i might buy more. its heading to infinity"
EG $20k->$6k
silly fools say "i should sell. so i dont lose" ... sold.. "OMG I MADE A LOSS, how is that possible"
vs
EG $15k->$20k
smart traders say "i should sell. so i make profit and not lose when it crashes" ... sold.. "OMG I MADE profit.. PARTY"
EG $20k->$6k
smart traders say "nah im not gonna sell, i think i might buy more. averages my coins to a lower price to then be more profitable on the next rise"
That's totally accurate. Though problem is, in your scenario for the smart trader, it's not so easy to predict the top and the bottom of the prices. What if he sold it at $15,000 and bought back at $10,000. For sure it will really be hard to know when to buy and sell even if you are an experienced trader already. It may happen, but generally it would take a lot of skill and luck to pull off those trades.
a good time to buy is when a lot of people are losing faith with cryptocurrency especially for ICOs
the most people can not control their greed a.k.a Fear of Missing out
when the market punish them, they will realize their own mistake
Probably they are back, probably they are not. The recent price movement we have been having in bitcoin recently is not much to be termed as the Bulls fault or manipulation. We just have to wait for some weeks or even months to past or some days to come with an unbeatable price, before we can conclude that it is the bulls doing.
We the traders can't actually say that the bulls are back because today we are experiencing the increasing of bitcoin and other Coins too in the market. Maybe one day or anytime soon the real bulls will be back and the value of bitcoin will go to the moon again
I like how the same kind of speculation, and bulls are back or bears are stronger discussions happened below the $300 level years ago -- the only difference is the price that currently is more than 30 times higher. In the same way people will look back at current levels when we hover well over $100,000 somewhere in the future. Bulls are always here and probably won't ever go away until we have reached a point from where we realistically just can't expect 10x increases anymore. Some say it's like $300,000 and some think it will demolish the astronomical $1,000,000 barrier. Either way, those who keep holding are future winners.
Thankfully, that we can agree on. Hahaha.
At any rate, it is precisely why I keep telling everyone to buy the dip in preparation for the next halving on 2020. The miners' rewards will be cut in half, and it would be crazy of them if they sell it on anything below $10,000.
Buy now while it is under $10,000. It will not go below that again by 2020.
At any rate, it is precisely why I keep telling everyone to buy the dip in preparation for the next halving on 2020. The miners' rewards will be cut in half, and it would be crazy of them if they sell it on anything below $10,000.
Buy now while it is under $10,000. It will not go below that again by 2020.
mhm
price drops is never panic day.. its discount day
i still get shocked that people panic sell on discount days when they should actually be buying more while its cheap
EG $15k->$20k
silly fools say "nah im not gonna sell, i think i might buy more. its heading to infinity"
EG $20k->$6k
silly fools say "i should sell. so i dont lose" ... sold.. "OMG I MADE A LOSS, how is that possible"
vs
EG $15k->$20k
smart traders say "i should sell. so i make profit and not lose when it crashes" ... sold.. "OMG I MADE profit.. PARTY"
EG $20k->$6k
smart traders say "nah im not gonna sell, i think i might buy more. averages my coins to a lower price to then be more profitable on the next rise"
That's totally accurate. Though problem is, in your scenario for the smart trader, it's not so easy to predict the top and the bottom of the prices. What if he sold it at $15,000 and bought back at $10,000. For sure it will really be hard to know when to buy and sell even if you are an experienced trader already. It may happen, but generally it would take a lot of skill and luck to pull off those trades.
Thankfully, that we can agree on. Hahaha.
At any rate, it is precisely why I keep telling everyone to buy the dip in preparation for the next halving on 2020. The miners' rewards will be cut in half, and it would be crazy of them if they sell it on anything below $10,000.
Buy now while it is under $10,000. It will not go below that again by 2020.
At any rate, it is precisely why I keep telling everyone to buy the dip in preparation for the next halving on 2020. The miners' rewards will be cut in half, and it would be crazy of them if they sell it on anything below $10,000.
Buy now while it is under $10,000. It will not go below that again by 2020.
mhm
price drops is never panic day.. its discount day
i still get shocked that people panic sell on discount days when they should actually be buying more while its cheap
EG $15k->$20k
silly fools say "nah im not gonna sell, i think i might buy more. its heading to infinity"
EG $20k->$6k
silly fools say "i should sell. so i dont lose" ... sold.. "OMG I MADE A LOSS, how is that possible"
vs
EG $15k->$20k
smart traders say "i should sell. so i make profit and not lose when it crashes" ... sold.. "OMG I MADE profit.. PARTY"
EG $20k->$6k
smart traders say "nah im not gonna sell, i think i might buy more. averages my coins to a lower price to then be more profitable on the next rise"
many trend anals just look at price history. and draw triangles based on mythical numbers of xday average that can vary as they please to create a triangle of any angle they please to make a prediction of anything they please.
but when looking at what actually caused the spikes and dumps there is actually a correlation related to mining cost.
and we are still not out of the forrest where the bears live in regards to the support line caused by mining cost. so we are not quite in the open fields where the bulls graze.
if you want to check out why the october 2013 rise occured check out what month the first ASICS came online. and remember a pool will not sell a coin at a loss.
EG a gold miner if it cost him over $1000 an ounce to mine. wont sell their gold ounces for $1
EG a gold miner if it cost him only $1 an ounce to mine. would sell their gold ounces for $1 and that would mak gold only be around $1
just make a chart of the markets. and then overlay it with the mining costs. and you will see the fleld edge between bull and bear. you will see where the "speculative bubble" (over priced) area's are. and you will see where the main support line is
but when looking at what actually caused the spikes and dumps there is actually a correlation related to mining cost.
and we are still not out of the forrest where the bears live in regards to the support line caused by mining cost. so we are not quite in the open fields where the bulls graze.
if you want to check out why the october 2013 rise occured check out what month the first ASICS came online. and remember a pool will not sell a coin at a loss.
EG a gold miner if it cost him over $1000 an ounce to mine. wont sell their gold ounces for $1
EG a gold miner if it cost him only $1 an ounce to mine. would sell their gold ounces for $1 and that would mak gold only be around $1
just make a chart of the markets. and then overlay it with the mining costs. and you will see the fleld edge between bull and bear. you will see where the "speculative bubble" (over priced) area's are. and you will see where the main support line is
I see your point, and definitely agree over the long term, miners will only want to sell at prices that are profitable - though they may have made a lot already during the boom, perhaps enough to ride out the time spent in the forests. But mining costs have only risen in the months since the drop from $20k, while it didn't exactly rise so sharply to have helped explain the ride to $20k.
And after halving in 2 years, with even fewer coins to mint, should we expect prices to then skyrocket? I doubt it, everything will be priced in along the way.
the $20k was what is known as a BUBBLE period. where the price went so wildly out of field of value. the bulls went on a rampage. the correction down to $8k in the new year was the bulls being brought back into the fields of value. and then there was a nasty U shape bear run where the forrest bears were ripping up the support trees (prices went below cost of mining)
usually the safest place is the edge of the field that meets the edge of the forrest, which is where true value lays. but running into the bull fields leads you to bubble mountain which then explodes (floor is lava) and everyone runs back to safety.
many trend anals just look at price history. and draw triangles based on mythical numbers of xday average that can vary as they please to create a triangle of any angle they please to make a prediction of anything they please.
but when looking at what actually caused the spikes and dumps there is actually a correlation related to mining cost.
and we are still not out of the forrest where the bears live in regards to the support line caused by mining cost. so we are not quite in the open fields where the bulls graze.
if you want to check out why the october 2013 rise occured check out what month the first ASICS came online. and remember a pool will not sell a coin at a loss.
EG a gold miner if it cost him over $1000 an ounce to mine. wont sell their gold ounces for $1
EG a gold miner if it cost him only $1 an ounce to mine. would sell their gold ounces for $1 and that would mak gold only be around $1
just make a chart of the markets. and then overlay it with the mining costs. and you will see the fleld edge between bull and bear. you will see where the "speculative bubble" (over priced) area's are. and you will see where the main support line is
but when looking at what actually caused the spikes and dumps there is actually a correlation related to mining cost.
and we are still not out of the forrest where the bears live in regards to the support line caused by mining cost. so we are not quite in the open fields where the bulls graze.
if you want to check out why the october 2013 rise occured check out what month the first ASICS came online. and remember a pool will not sell a coin at a loss.
EG a gold miner if it cost him over $1000 an ounce to mine. wont sell their gold ounces for $1
EG a gold miner if it cost him only $1 an ounce to mine. would sell their gold ounces for $1 and that would mak gold only be around $1
just make a chart of the markets. and then overlay it with the mining costs. and you will see the fleld edge between bull and bear. you will see where the "speculative bubble" (over priced) area's are. and you will see where the main support line is
Thankfully, that we can agree on. Hahaha.
At any rate, it is precisely why I keep telling everyone to buy the dip in preparation for the next halving on 2020. The miners' rewards will be cut in half, and it would be crazy of them if they sell it on anything below $10,000.
Buy now while it is under $10,000. It will not go below that again by 2020.
In my opinion; good strategy to invest is that the investor while investing shall have one stop loss limit in his mind. It means suppose one person buys one btc @ 10k but unfortunately the reverse trend appears; at that time without allowing the loss to increase with the continuous fall in the market; suppose i fix one limit to sell back @9k in case the downfall starts. So I will suffer loss of 1 k what ever may be the downfall i.e. suppose the markets falls around 6k I will be saved from further losses.
This opinion,while it may not be the worst I have ever heard,it is not very good either. If you're investing in bitcoin,you should only make sure that you don't want to lose your money,the stop loss would not help when one has borrowed loans to invest. It is a pathetic idea. Only invest in bitcoin if you're able to convert your loss into a profit. The risk is high,so are the rewards. Classic economics/common sense.
We dont know if bulls are back on the scene or not.
I dont want to speculate over it, but for me, this all might be a good manipulation scenario, just take a look over all the TA's coming from the outside.
It is risky at the moment.
I dont want to speculate over it, but for me, this all might be a good manipulation scenario, just take a look over all the TA's coming from the outside.
It is risky at the moment.
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