Topic: Everything is on FIRE today! (Read 488 times)
Seems like it was just whale play, preying on the XRP court case to pump & dump everything. Typical Bart Simpson formation (if you know, you know). We will explode upwards at some point, not too long away but now it seems is not the time.
>snip
Maybe for you not, because you are already used to, on seeing these price ranges but for them it is, maybe because they recently join crypto specifically when crypto values are still low. I think that is 1 or 2 months ago. Indeed, Bitcoin is a highly volatile crypto and that is responsible for the rapid decrease or increase in its value but there are still times ( like for example, last time ) where Bitcoins value became stagnant.Sometimes people were amazed after seeing BTC becoming active again that they forget the fact that it's only normal. Not all movements of crypto has a reason but sometimes their movement are only natural.
I just want to continue to develop my ability to adjust investment risk in the long term. I do not use bitcoin as a store of value asset, but the bitcoin that I own is an investment asset that should be expected to give me a worth it return. It takes time and strategy adjustments, and in the future we will be better.
If Bitcoin is not volatile it can be said that the value of Bitcoin is predictable. So because of the fact that it is an unpredictable in the market because of the volatility that it has and even other crypto assets.
Today, most Bitcoin holders to make sure they hold it long-term like land that over time increases in value in the market because the value will increase for sure in the future, but if you only hold it in the short-term then it is possible that you will lose money quickly especially if you enter trading with a lack of knowledge.
referring back to first original post, OP is very scared of price dropping lower. He even mentioned other asset classes to support his claim that maybe price of BTC, altcoins, silver, and gold is likely to go lower. But if you look at the price chart right, it actually is going higher. That is what you called volatility. Volatility added with uncertaity will result unreasonable fear for all investors be it long term or short term.So anyone who sell on june, is likely to regret not holding it thru july and august which supposedly in profits.
>snip
Maybe for you not, because you are already used to, on seeing these price ranges but for them it is, maybe because they recently join crypto specifically when crypto values are still low. I think that is 1 or 2 months ago. Indeed, Bitcoin is a highly volatile crypto and that is responsible for the rapid decrease or increase in its value but there are still times ( like for example, last time ) where Bitcoins value became stagnant.Sometimes people were amazed after seeing BTC becoming active again that they forget the fact that it's only normal. Not all movements of crypto has a reason but sometimes their movement are only natural.
I just want to continue to develop my ability to adjust investment risk in the long term. I do not use bitcoin as a store of value asset, but the bitcoin that I own is an investment asset that should be expected to give me a worth it return. It takes time and strategy adjustments, and in the future we will be better.
If Bitcoin is not volatile it can be said that the value of Bitcoin is predictable. So because of the fact that it is an unpredictable in the market because of the volatility that it has and even other crypto assets.
Today, most Bitcoin holders to make sure they hold it long-term like land that over time increases in value in the market because the value will increase for sure in the future, but if you only hold it in the short-term then it is possible that you will lose money quickly especially if you enter trading with a lack of knowledge.
As of this writing our beloved Bitcoin is on fire as well as it's derivatives and shitcoins.
Rate hikes immanent and market backing up a bit.
The Blackrock ETF as they have a 500 to 1 SEC success rate.
Solid ground for sound money or is this a FOMO perfect storm?
I can understand the BR ETF exciting the market (the others are crappy spot ETF apps)
But why is the market other than BTC on fire? One must dial back the optics and look at everything.
Is this FOMO? As in another thread have we decoupled?
Trying to understand why the whole spectrum is overheating.
Silver/Gold is dropping as well that trade generally opposite of BTC.
What's going on?
I also thought that day it is really fire and burning but after a day? stagnant once again at 30k and sill struggling to climb up bu t at least this is the strongest position of bitcoin for the whole year for me (not unless there comes new in the next months before it ended)Rate hikes immanent and market backing up a bit.
The Blackrock ETF as they have a 500 to 1 SEC success rate.
Solid ground for sound money or is this a FOMO perfect storm?
I can understand the BR ETF exciting the market (the others are crappy spot ETF apps)
But why is the market other than BTC on fire? One must dial back the optics and look at everything.
Is this FOMO? As in another thread have we decoupled?
Trying to understand why the whole spectrum is overheating.
Silver/Gold is dropping as well that trade generally opposite of BTC.
What's going on?
Just be careful guys and girls because, as you are not aware yet, with this kind of event, there will be always a "buy the news sell the rumors"
Some could be already dumping on you while you are making your entry.
What I want is always verify and do research, because these fundamental news could be some misunderstand by some news provider or some are false, etc.
well at least there are some instance that rumors and news brings differently Some could be already dumping on you while you are making your entry.
What I want is always verify and do research, because these fundamental news could be some misunderstand by some news provider or some are false, etc.
and hoping that there will be great we can expect this time and next.
This is very volatile time frame where Bitcoin is trying to break the resistance and hold with the support.
The current news with SEC is still blocking BTC from reaching the peak again, well FUD is everywhere and whales also want such FUD. The market will soon hit the peak again, we just need more good news and good updates from the other projects, and this FUD will turn into FOMO again.
We may have left the FUD behind but I do not think it is going to transform itself in FOMO so soon, without a doubt the market is doing way better than that I thought it would but to think FOMO is coming is simply too much for me, especially since the halving is still kind of far away and as we know it also takes some time for the market to gain momentum once the halving has taken place, and if anything I think we may remain at the current levels for some time before an important upwards movement gets to happen. The current news with SEC is still blocking BTC from reaching the peak again, well FUD is everywhere and whales also want such FUD. The market will soon hit the peak again, we just need more good news and good updates from the other projects, and this FUD will turn into FOMO again.
Dude, if you really want to know why the market has been on fire the past few days you should turn back the optics and take a wider view and look at how the stock, real estate, commodity, and other investment markets are performing. They are all connected in one way or another. So it's not just the BTC craze in the market, but a lot of other things too. To find out, we have to take a step back and look at the bigger picture.
Sometimes it's also good to take a step back so you can see and understand market conditions that have occurred in a number of things, such as stocks, real estate, commodities, and also the crypto market. Because market fluctuations and movements always occur, whether or not many investors enter it, as well as day traders who can also have an effect on market conditions even though they are sometimes only in the market for a short time. So the changes seen in any market will always occur every year so it's only natural that most people often see two different conditions in any market.Quote
But, today it's all smiles again BTC has shown its power. BTC is going towards $48K in the next 2 months time. but if stupid FUD doesn't hit that makes investors' guts go out and they are lazy to enter the market again.
Those who smile are only those who have bought at low prices and those who still have a very large amount of Bitcoin, because the price increase that is happening to Bitcoin is one way to recover asset value which is quite good for now. And for FUD, I don't think it will matter too much if there is more good news from certain FUDs, which are always deliberately created by several people at any moment. Because the goal is none other than to make all investors panic and lazy to enter the market to invest.True, if this looks like a race, markets also have moments of uncertainty and tension for sure. The emergence of slightly negative economic news plus the fluctuating policies of the government as well as current global events, it's like an unexpected sharp turn. Yes. They can cause sudden price movements and affect traders' performance and give everyone a headache. So, what your pridiction for BTC for Next years??
I don't understand what red market you are talking about. Almost all coins are going up today. Many are up more than 30%. Yes, bitcoin has not passed 31k yet, but 30k was broken this week. The market is all green today and I hope that this month will close high for bitcoin and altcoins to continue rising next month.
Don't use the 24-hour percentage change as your benchmark, but try to analyze it on which varies TF. You would know that some correction has taken place over the past week, even if you see green now. Even in the past few hours, bitcoin had tested the $29k support where the price bounced back up after touching $29.5k.We are currently only hours away from closing prices in June. In a few hours we will enter July, and hope for the best.
If bitcoin manages to close by $30k and above in the next few hours, then I'm optimistic $35k might be hit in July. There's no certainty about the speculation, but we can do some analysis.
The current news with SEC is still blocking BTC from reaching the peak again, well FUD is everywhere and whales also want such FUD. The market will soon hit the peak again, we just need more good news and good updates from the other projects, and this FUD will turn into FOMO again.
just look at the bright side of things brought by FUD or FOMO out there. it will keep people talking about this market. and people will be curious as to what will happen next. hence, they will continuously observe this market and wonder when will be a good time to hold some.
I don't understand what red market you are talking about. Almost all coins are going up today. Many are up more than 30%. Yes, bitcoin has not passed 31k yet, but 30k was broken this week. The market is all green today and I hope that this month will close high for bitcoin and altcoins to continue rising next month.
Don't use the 24-hour percentage change as your benchmark, but try to analyze it on which varies TF. You would know that some correction has taken place over the past week, even if you see green now. Even in the past few hours, bitcoin had tested the $29k support where the price bounced back up after touching $29.5k.We are currently only hours away from closing prices in June. In a few hours we will enter July, and hope for the best.
If bitcoin manages to close by $30k and above in the next few hours, then I'm optimistic $35k might be hit in July. There's no certainty about the speculation, but we can do some analysis.
Let us believe very strong that nothing will happen into block chain on those things we are seeing there is a threat which we know, when I was reading the history of bitcoin I discover that before bitcoin stand to this form it has undergoes many struggles and I believe that bitcoin can never be destroy by any arm, the marketcap of bitcoin is rotational so let anyone no contrary the sec and bitcoin, because regulation of bitcoin market is paramount which the price of bitcoin can be 30k and before some weeks ahead the price will diminished , and we know that values of bitcoin is not constant
I like your style. yeah, the market is flying and green again in the near future. The bulls will have to reverse that AVWAP resistance and $31k loop if they want to hold onto it. for this time, hope BTC doesn't pull another double top, because a lot of people have been waiting for that $30K zone. If Bitcoin did a double top, it would be a big problem and a clear correction would take place, no doubt about it. As @adaseb said It's worth considering too.
$31k is quite a strong resistance and currently, BTC is still on standby at $30k. If Bitcoin is able to pass $31k this will be a good trend going forward. But if Bitcoin rebuilds the Double Top it will indeed be dangerous, there will be a deep enough correction before Bitcoin is finally able to break the highest price again this month.
The correction will clearly occur because the market already looks saturated, these few days Bitcoin is still at $30k, if the correction will be in the $27k price area. But if it is held back with some positive news maybe the correction will not be too deep.
What is certain is that you must be prepared with all conditions.
If the correction doesn't take place and the price manages to go up again from here and crosses $31k, we might see it touching $35k for the first time in two years which will be a great way to raise up the confidence in retail investors and make them have some faith and more patience to hold.
I like your style. yeah, the market is flying and green again in the near future. The bulls will have to reverse that AVWAP resistance and $31k loop if they want to hold onto it. for this time, hope BTC doesn't pull another double top, because a lot of people have been waiting for that $30K zone. If Bitcoin did a double top, it would be a big problem and a clear correction would take place, no doubt about it. As @adaseb said It's worth considering too.
$31k is quite a strong resistance and currently, BTC is still on standby at $30k. If Bitcoin is able to pass $31k this will be a good trend going forward. But if Bitcoin rebuilds the Double Top it will indeed be dangerous, there will be a deep enough correction before Bitcoin is finally able to break the highest price again this month.
The correction will clearly occur because the market already looks saturated, these few days Bitcoin is still at $30k, if the correction will be in the $27k price area. But if it is held back with some positive news maybe the correction will not be too deep.
What is certain is that you must be prepared with all conditions.
If the correction doesn't take place and the price manages to go up again from here and crosses $31k, we might see it touching $35k for the first time in two years which will be a great way to raise up the confidence in retail investors and make them have some faith and more patience to hold.
>snip
Maybe for you not, because you are already used to, on seeing these price ranges but for them it is, maybe because they recently join crypto specifically when crypto values are still low. I think that is 1 or 2 months ago. Indeed, Bitcoin is a highly volatile crypto and that is responsible for the rapid decrease or increase in its value but there are still times ( like for example, last time ) where Bitcoins value became stagnant.Sometimes people were amazed after seeing BTC becoming active again that they forget the fact that it's only normal. Not all movements of crypto has a reason but sometimes their movement are only natural.
I just want to continue to develop my ability to adjust investment risk in the long term. I do not use bitcoin as a store of value asset, but the bitcoin that I own is an investment asset that should be expected to give me a worth it return. It takes time and strategy adjustments, and in the future we will be better.
Is it really on fire, like you said? Well, i don't think it is. I just think it has been a characteristic of Bitcoin that sometimes the market falls so drastically, just like it took a sharp drop some weeks ago when people were asking what the cause of the fall was. That's also how it has taken a sharp uptrend, and some people are making assumptions about what they think is making the price really spike with just an interval of a few days.
Maybe for you not, because you are already used to, on seeing these price ranges but for them it is, maybe because they recently join crypto specifically when crypto values are still low. I think that is 1 or 2 months ago. Indeed, Bitcoin is a highly volatile crypto and that is responsible for the rapid decrease or increase in its value but there are still times ( like for example, last time ) where Bitcoins value became stagnant.Sometimes people were amazed after seeing BTC becoming active again that they forget the fact that it's only normal. Not all movements of crypto has a reason but sometimes their movement are only natural.
I can't say exactly what the main reason for going up or not going up, but I can say that we are not buying as much as we bought during the increase. This means that people had a reason to buy bitcoin all the way from 25k to over 30k, all that increase which is a lot meant something and I understand that, but those same people who took it from 25k to 30k do not have any reason to keep going.
It is not going to change much anytime soon but I think it's quite obvious that those people not buying made the price stay as it is right now and that's the problem. As long as it stays like this, there isn't really any reason to keep it going anytime like this for long. Just realize that this is the main reason we are not going, people are not buying like they did.
It is not going to change much anytime soon but I think it's quite obvious that those people not buying made the price stay as it is right now and that's the problem. As long as it stays like this, there isn't really any reason to keep it going anytime like this for long. Just realize that this is the main reason we are not going, people are not buying like they did.
Most likely, it's the FOMO that we have seen in the last week or so, that's why there is a huge buy at investors are pushing for at least $31k at the end of the month. And because of the obvious bitcoin spot ETF application by Blackrock and other big institutions.
We need certain news like this to keep people buying. In the last 2-3 months, no positive news that why the market just stay in the $26k levels. It become boring, until lately as I have said, Blackrock started the trend and then everyone jump on the bandwagon and buy. Even Microstrategy, I forgot to mention has also bought as the news says.
I can't say exactly what the main reason for going up or not going up, but I can say that we are not buying as much as we bought during the increase. This means that people had a reason to buy bitcoin all the way from 25k to over 30k, all that increase which is a lot meant something and I understand that, but those same people who took it from 25k to 30k do not have any reason to keep going.
It is not going to change much anytime soon but I think it's quite obvious that those people not buying made the price stay as it is right now and that's the problem. As long as it stays like this, there isn't really any reason to keep it going anytime like this for long. Just realize that this is the main reason we are not going, people are not buying like they did.
It is not going to change much anytime soon but I think it's quite obvious that those people not buying made the price stay as it is right now and that's the problem. As long as it stays like this, there isn't really any reason to keep it going anytime like this for long. Just realize that this is the main reason we are not going, people are not buying like they did.
If you continue to believe that the price is on fire and that you will miss the investment opportunity, it is better not to invest, because the decisions you make at that time are mostly wrong.
All the positives that you mentioned may not move the price in any direction, and therefore when you invest, do not look for it, but rather look for negative news, if it appears in abundance without any logical justification for it, then this is a suitable opportunity to buy because the feeling of fear is stronger than greed, and many may sell for those levels, especially if they continue Negative news and vice versa may not necessarily be true.
As a technical analysis, we have closed above the Momentum Reversal Indicator’s (MRI), which means the possibility of testing the resistance level at $35,260, although I do not think it will be broken, but if it is broken, we will be near $40,000 soon.
All the positives that you mentioned may not move the price in any direction, and therefore when you invest, do not look for it, but rather look for negative news, if it appears in abundance without any logical justification for it, then this is a suitable opportunity to buy because the feeling of fear is stronger than greed, and many may sell for those levels, especially if they continue Negative news and vice versa may not necessarily be true.
As a technical analysis, we have closed above the Momentum Reversal Indicator’s (MRI), which means the possibility of testing the resistance level at $35,260, although I do not think it will be broken, but if it is broken, we will be near $40,000 soon.
I like your style. yeah, the market is flying and green again in the near future. The bulls will have to reverse that AVWAP resistance and $31k loop if they want to hold onto it. for this time, hope BTC doesn't pull another double top, because a lot of people have been waiting for that $30K zone. If Bitcoin did a double top, it would be a big problem and a clear correction would take place, no doubt about it. As @adaseb said It's worth considering too.
$31k is quite a strong resistance and currently, BTC is still on standby at $30k. If Bitcoin is able to pass $31k this will be a good trend going forward. But if Bitcoin rebuilds the Double Top it will indeed be dangerous, there will be a deep enough correction before Bitcoin is finally able to break the highest price again this month.
The correction will clearly occur because the market already looks saturated, these few days Bitcoin is still at $30k, if the correction will be in the $27k price area. But if it is held back with some positive news maybe the correction will not be too deep.
What is certain is that you must be prepared with all conditions.
hits up that point.Now the price is stagnant or moving sideways playing on 30K+ and we dont actually know on where it would really be heading on next days or weeks to come. If we would be moving sideways then
there's really that might some small scale accumulation despite of having minimal movements. This is the time on which it is really hard to make out decisions on which we cant really be able to assure
whether the price would be heading up or down.
TA is really showing some possible bearish sentiments on which same as you said that if it would be having that Doubletop form then we can assume on next to have correction.
DXY or Dollar index up quite strongly today, 1% would be big but its over half that so since the low early Tues its recovered everything that was lost in the last week which equates to a bit of a sell overall across multiple markets. Apart from Japan who did well early on and have been seeing outperformance. BTC is slightly weaker but considering its often large moves this is noise and hard to judge on, below 2 day and weekly average for the moment, how it closes this week is more important then its wavering during the week.
I like your style. yeah, the market is flying and green again in the near future. The bulls will have to reverse that AVWAP resistance and $31k loop if they want to hold onto it. for this time, hope BTC doesn't pull another double top, because a lot of people have been waiting for that $30K zone. If Bitcoin did a double top, it would be a big problem and a clear correction would take place, no doubt about it. As @adaseb said It's worth considering too.
$31k is quite a strong resistance and currently, BTC is still on standby at $30k. If Bitcoin is able to pass $31k this will be a good trend going forward. But if Bitcoin rebuilds the Double Top it will indeed be dangerous, there will be a deep enough correction before Bitcoin is finally able to break the highest price again this month.
The correction will clearly occur because the market already looks saturated, these few days Bitcoin is still at $30k, if the correction will be in the $27k price area. But if it is held back with some positive news maybe the correction will not be too deep.
What is certain is that you must be prepared with all conditions.
Right. FOMO only lasts a few days if the momentum doesn't continue.
During Feb/March 2020, many whales bought a significant amount of BTC around $20k. A pump to allow them to liquidate makes sense. Giving retail FOMO so that they buy at these prices, and hurt them later, also makes sense.
However, sometimes what we expect does not happen. It's possible that this is the start of the bull run and now we all miss out because of disbelief.
I think it could be disbelief as well. But what it's worth i am not in a financial position to enter markets now, so gladly i don't have to make the decision to enter. Otherwise i think i would be fomoing in now but i am not that sure that i would take a loan for it. Times are just too hard right now to risk anything. I am guessing this is the place in the time and chart where whales are being made. And i am totally missing out because of fear.During Feb/March 2020, many whales bought a significant amount of BTC around $20k. A pump to allow them to liquidate makes sense. Giving retail FOMO so that they buy at these prices, and hurt them later, also makes sense.
However, sometimes what we expect does not happen. It's possible that this is the start of the bull run and now we all miss out because of disbelief.
I need more stability to my income before i start to enter again.
That's one reason why I think disbelief is a possibility too...a lot of people are in that position, both online and offline (from my view). Everyone is working hard to be able to buy some coins, now or at a good price point. It would make sense for bull to start now so people miss out, economically speaking from a cruel, wealthy/elitist perspective, that would make sense.
If we look at it idealistically, ETF approval issues, coinbase issues, mtgox sell off, US seized coins (30k+btc left) sell off are all things that could push the price down. It depends how much liquidity is supporting the current price though, and institutional demand.
I don't think we are on fire at the moment, the noise in Binance is that Coinbase is gradually quieting down due to the actions of Blockrack, in which is good news for most of the community here in the Bitcoin business that we are in so far
Also, if Bitcoin returns to the normal track if you don't have holdings in it, what you say will be ignored because there will be nothing to sell in the market because you have no load, you know what I mean.
Also, if Bitcoin returns to the normal track if you don't have holdings in it, what you say will be ignored because there will be nothing to sell in the market because you have no load, you know what I mean.
Emotional responses and market noise are common in this space and I think you also have a very good understanding of the market including speculation, news events and individual opinions. noise and fluctuations are always inevitable and exist even if they do not reflect the long-term value or potential of Bitcoin and others. Yes. I also see the action taken by Blockrack and the calm of Coinbase is good news and peace of mind for the Bitcoin community with diverse perspectives and interests of course.
My friends, the economy of the people is different, sometimes some are able and some are not, especially in the current conditions. Yes, maybe it's not time for them yet. I think there are other things they can contribute to this, namely having positive opinions and perspectives from individuals without direct ownership and being able to contribute directly to others, for example trading tips and tricks, how to read chart and candle patterns, how to see what the FUD problem is. or so on in discussions around Bitcoin and its market trends. if I'm not mistaken on the last point.
I don't think we are on fire at the moment, the noise in Binance is that Coinbase is gradually quieting down due to the actions of Blockrack, in which is good news for most of the community here in the Bitcoin business that we are in so far
Also, if Bitcoin returns to the normal track if you don't have holdings in it, what you say will be ignored because there will be nothing to sell in the market because you have no load, you know what I mean.
Also, if Bitcoin returns to the normal track if you don't have holdings in it, what you say will be ignored because there will be nothing to sell in the market because you have no load, you know what I mean.
Just be careful guys and girls because, as you are not aware yet, with this kind of event, there will be always a "buy the news sell the rumors"
Some could be already dumping on you while you are making your entry.
What I want is always verify and do research, because these fundamental news could be some misunderstand by some news provider or some are false, etc.
Some could be already dumping on you while you are making your entry.
What I want is always verify and do research, because these fundamental news could be some misunderstand by some news provider or some are false, etc.
I like your style. yeah, the market is flying and green again in the near future. The bulls will have to reverse that AVWAP resistance and $31k loop if they want to hold onto it. for this time, hope BTC doesn't pull another double top, because a lot of people have been waiting for that $30K zone. If Bitcoin did a double top, it would be a big problem and a clear correction would take place, no doubt about it. As @adaseb said It's worth considering too.
The news is not false. It’s easy to prove they they did actually apply for the etf by looking at the application they submitted. Whether it will be approved is a completely different matter.
What’s not good is that we hit the yearly high and went back down. Not looking good unless we can close above the yearly high in the weekly candle close.
What’s not good is that we hit the yearly high and went back down. Not looking good unless we can close above the yearly high in the weekly candle close.
Just be careful guys and girls because, as you are not aware yet, with this kind of event, there will be always a "buy the news sell the rumors"
Some could be already dumping on you while you are making your entry.
What I want is always verify and do research, because these fundamental news could be some misunderstand by some news provider or some are false, etc.
Some could be already dumping on you while you are making your entry.
What I want is always verify and do research, because these fundamental news could be some misunderstand by some news provider or some are false, etc.
The reason is mostly the entry of major financial institutions such as:
Blackrock, HSBC, Fidelity, Schwab, according to the news, these institutions may be buying bitcoin assets for nearly 25Trillion$. Of course, the purchase will most likely be in batches, not all at once.
If this news is true, then this huge liquidity will enter the Crypto market. Certainly, this positive news contributed to the recovery of the market even before this huge liquidity actually entered the market.
Therefore, we have to wait a little bit for this liquidity to enter and see the great positivity that we will get.
Blackrock, HSBC, Fidelity, Schwab, according to the news, these institutions may be buying bitcoin assets for nearly 25Trillion$. Of course, the purchase will most likely be in batches, not all at once.
If this news is true, then this huge liquidity will enter the Crypto market. Certainly, this positive news contributed to the recovery of the market even before this huge liquidity actually entered the market.
Therefore, we have to wait a little bit for this liquidity to enter and see the great positivity that we will get.
Market news spike, the FED spoke during the week and its the biggest bank in the world and is related many other central banks around the world in trade and currency strength. BTC is not exactly part of that Dollar reserve system and yet the price is quoted in dollars and everything is related in some pricing to USD. The backbone and progress of BTC is not reliant on US dollar, but speculatively day to day sure it will jump about. If we had to worry every day about this noise upsetting price it would be over a long time ago.
Trying to judge BTC on just the daily flow of news would be too difficult, I think we'd go in circles forever chasing our own tails in the midst of politics and interference by various issuers of currency for their own agendas. BTC does have its own trend and its positive but over years, we tend to have speculative cycles but these too run over a few years at least. The price is never totally accurate and generally we can lose 10% just from various jitters and nerves of those who borrow or use leverage while trading a whole basket of prices to their hoped for advantage.
Trying to judge BTC on just the daily flow of news would be too difficult, I think we'd go in circles forever chasing our own tails in the midst of politics and interference by various issuers of currency for their own agendas. BTC does have its own trend and its positive but over years, we tend to have speculative cycles but these too run over a few years at least. The price is never totally accurate and generally we can lose 10% just from various jitters and nerves of those who borrow or use leverage while trading a whole basket of prices to their hoped for advantage.
Dude, if you really want to know why the market has been on fire the past few days you should turn back the optics and take a wider view and look at how the stock, real estate, commodity, and other investment markets are performing. They are all connected in one way or another. So it's not just the BTC craze in the market, but a lot of other things too. To find out, we have to take a step back and look at the bigger picture.
Sometimes it's also good to take a step back so you can see and understand market conditions that have occurred in a number of things, such as stocks, real estate, commodities, and also the crypto market. Because market fluctuations and movements always occur, whether or not many investors enter it, as well as day traders who can also have an effect on market conditions even though they are sometimes only in the market for a short time. So the changes seen in any market will always occur every year so it's only natural that most people often see two different conditions in any market.Quote
But, today it's all smiles again BTC has shown its power. BTC is going towards $48K in the next 2 months time. but if stupid FUD doesn't hit that makes investors' guts go out and they are lazy to enter the market again.
Those who smile are only those who have bought at low prices and those who still have a very large amount of Bitcoin, because the price increase that is happening to Bitcoin is one way to recover asset value which is quite good for now. And for FUD, I don't think it will matter too much if there is more good news from certain FUDs, which are always deliberately created by several people at any moment. Because the goal is none other than to make all investors panic and lazy to enter the market to invest. 
Well, to tell you frankly, what happened and what is happening now in the value of Bitcoin, I still can't say that we are about to enter a Bull run. It's possible that this is Fomo or another trap for other investors like what happened recently when others thought that when we reached 31k$ we were in a bull run.
But after those events it was not. And it looks like it can happen again of course. Because of the size of the gap that it raised a few days ago, that means there is a high chance that it will fall again to fill the liquidation of the major swing high and lower swing high, this is just in my opinion.
But after those events it was not. And it looks like it can happen again of course. Because of the size of the gap that it raised a few days ago, that means there is a high chance that it will fall again to fill the liquidation of the major swing high and lower swing high, this is just in my opinion.
Well, whatever the reason for firing it back, this situation will come no matter what. It dumps in fast few days and it rally back after, that is how the market shows and it tells us that people should be patient when investing patient in order to gain rewards. SEC, Binance, etc - it is all just people talking about the impact on the market, and the pump-and-dump trend will come without any of those things.
As it fires back, we then look for another reason. I'd say it comes naturally and so we expect the dump after this. We got crazy finding what's behind.
As it fires back, we then look for another reason. I'd say it comes naturally and so we expect the dump after this. We got crazy finding what's behind.
Because now someone can't go out and reduce bitcoin to the price they want.
Bitcoin is over a decade old now, and I don't think it has ever been possible in the past for anyone to be able to control or manipulate the price of Bitcoin to whatever they want.
It's always the big news caused by a group of powerful financial people, but they don't predict what the price will be. Sometimes they get a lower result than they expect, but most times they get a higher result. This is all based on the response and attention that the people give to the news.
The gravity that a fuds carries sometimes determines the level of panic selling we might likely see, which in turn will have a negative impact on the market.
as it would not surprise me if another round of FUD made it to the markets to slow down the growth of bitcoin once again.
Even if it's not now. Fud now looks like something normal to the crypto market. When it looks like the pressure of one is going down and the market is trying to recover so hard, there comes another, as if it's been manipulated by some organization gathered somewhere. Just take a good look at the Luna incident, which resulted in a great market dump. On the FTX exchange, the same thing happened. Now the SEC is suing, etc. It's just something normal now but what matter is how the market keeps on recovering after all this. It keeps bouncing back stronger.
Yes, this news is a normal thing in the crypto world now. In fact, the normal perception of these news is very beneficial for the good of bitcoin. Because now someone can't go out and reduce bitcoin to the price they want. We've seen recently that it takes a lot of big news to do that. Even if such big news comes, I don't think I will sell bitcoin. These are all things they do to get bitcoins cheap. They've been doing it for years.
Bitcoin is coming back stronger each time and standing tall. This is how it will go.
Right. FOMO only lasts a few days if the momentum doesn't continue.
During Feb/March 2020, many whales bought a significant amount of BTC around $20k. A pump to allow them to liquidate makes sense. Giving retail FOMO so that they buy at these prices, and hurt them later, also makes sense.
However, sometimes what we expect does not happen. It's possible that this is the start of the bull run and now we all miss out because of disbelief.
I think it could be disbelief as well. But what it's worth i am not in a financial position to enter markets now, so gladly i don't have to make the decision to enter. Otherwise i think i would be fomoing in now but i am not that sure that i would take a loan for it. Times are just too hard right now to risk anything. I am guessing this is the place in the time and chart where whales are being made. And i am totally missing out because of fear.During Feb/March 2020, many whales bought a significant amount of BTC around $20k. A pump to allow them to liquidate makes sense. Giving retail FOMO so that they buy at these prices, and hurt them later, also makes sense.
However, sometimes what we expect does not happen. It's possible that this is the start of the bull run and now we all miss out because of disbelief.
I need more stability to my income before i start to enter again.
So not buying right now is the best position and the most safest zone as an investor, but the possibility of the price increasing further is there because at this point, bitcoin is at a crossroads and anything can happen.
Right. FOMO only lasts a few days if the momentum doesn't continue.
During Feb/March 2020, many whales bought a significant amount of BTC around $20k. A pump to allow them to liquidate makes sense. Giving retail FOMO so that they buy at these prices, and hurt them later, also makes sense.
However, sometimes what we expect does not happen. It's possible that this is the start of the bull run and now we all miss out because of disbelief.
I think it could be disbelief as well. But what it's worth i am not in a financial position to enter markets now, so gladly i don't have to make the decision to enter. Otherwise i think i would be fomoing in now but i am not that sure that i would take a loan for it. Times are just too hard right now to risk anything. I am guessing this is the place in the time and chart where whales are being made. And i am totally missing out because of fear.During Feb/March 2020, many whales bought a significant amount of BTC around $20k. A pump to allow them to liquidate makes sense. Giving retail FOMO so that they buy at these prices, and hurt them later, also makes sense.
However, sometimes what we expect does not happen. It's possible that this is the start of the bull run and now we all miss out because of disbelief.
I need more stability to my income before i start to enter again.
I think it's obvious that this is just FOMO, but it will have to start from something, so when the BlackRock Spot ETF application come to surface, everyone wanted to be on board and that's why the price simply skyrocket for the past 2 days.
However, we have experienced this price before, we have hit $31k so this is just a retest. And it's just a question on whether now if we can sustain this run because of the FOMO and then go up $32k++. So it's too early to get excited, in my opinion.
For sure though, those who have been buying at a cheap price is very happy to see their portfolio growing.
However, we have experienced this price before, we have hit $31k so this is just a retest. And it's just a question on whether now if we can sustain this run because of the FOMO and then go up $32k++. So it's too early to get excited, in my opinion.
For sure though, those who have been buying at a cheap price is very happy to see their portfolio growing.
Right. FOMO only lasts a few days if the momentum doesn't continue.
During Feb/March 2020, many whales bought a significant amount of BTC around $20k. A pump to allow them to liquidate makes sense. Giving retail FOMO so that they buy at these prices, and hurt them later, also makes sense.
However, sometimes what we expect does not happen. It's possible that this is the start of the bull run and now we all miss out because of disbelief.
Is it really on fire, like you said? Well, i don't think it is. I just think it has been a characteristic of Bitcoin that sometimes the market falls so drastically, just like it took a sharp drop some weeks ago when people were asking what the cause of the fall was. That's also how it has taken a sharp uptrend, and some people are making assumptions about what they think is making the price really spike with just an interval of a few days.
Today bitcoin rose to $ 30.7k before it was to $ 31k and experienced a correction below it again,
but I still feel calm because the bitcoin price is of course still positive, so if you waste a market that is on fire,
of course you will regret it.
But why is the market other than BTC on fire? One must dial back the optics and look at everything.
What's going on?
What's going on?
Dude, if you really want to know why the market has been on fire the past few days you should turn back the optics and take a wider view and look at how the stock, real estate, commodity, and other investment markets are performing. They are all connected in one way or another. So it's not just the BTC craze in the market, but a lot of other things too. To find out, we have to take a step back and look at the bigger picture.
But, today it's all smiles again BTC has shown its power. BTC is going towards $48K in the next 2 months time. but if stupid FUD doesn't hit that makes investors' guts go out and they are lazy to enter the market again.
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Is it really on fire, like you said? Well, i don't think it is. I just think it has been a characteristic of Bitcoin that sometimes the market falls so drastically, just like it took a sharp drop some weeks ago when people were asking what the cause of the fall was. That's also how it has taken a sharp uptrend, and some people are making assumptions about what they think is making the price really spike with just an interval of a few days.
Yeah I remember when we broke below $25000 and looking on the daily it looked like we would test $22K with all the SEC news we kept getting hit with.
The increase in Bitcoin dominance above 50% shows why cryptocurrencies have become something of a Bitcoin party. In the past two years, Bitcoin reached a new daily peak of $30,000, fueled by news of the participation of traditional financial actors in the crypto market. The applications companies are filing with the SEC for Bitcoin ETFs are growing, in line with steps being taken by BlackRock, WisdomTree Investment, Invesco, and Bitwise.
I think in around 24 hours we gained about 15% which is nuts. Normally on a weekly chart we might see 15% but in around a day it’s crazy. It also seems most are spot buys and not just degen getting liquidated who shorted.
True as you said it, and for this moment is better to wait for a potential pullback in the current market situation than to chase the price and enter a position at the current level before considering entering the market again, moreover Making hasty decisions based on FOMO (Fear of Missing Out) can lead to disastrous results unprofitable because the market can be very volatile and subject to rapid fluctuations.
Yeah I remember when we broke below $25000 and looking on the daily it looked like we would test $22K with all the SEC news we kept getting hit with.
I think in around 24 hours we gained about 15% which is nuts. Normally on a weekly chart we might see 15% but in around a day it’s crazy. It also seems most are spot buys and not just degen getting liquidated who shorted.
I think in around 24 hours we gained about 15% which is nuts. Normally on a weekly chart we might see 15% but in around a day it’s crazy. It also seems most are spot buys and not just degen getting liquidated who shorted.
You just can't attribute all the price increases to BlackRock alone. BlackRock already filed for an ETF before the price increased. And why do you underestimate the filings of the likes of WisdomTree, Invesco, BitWise, and others? They have billions under their names. It is even possible that the FOMO is caused by the decision of all these huge companies to file for an ETF almost simultaneously. Such effect on the price wouldn't have happened if there's only that applied even if it's BlackRock.
After all the negative news SEC has brewed in the last couple of days, this news right here has pretty much soaked everything in and we might just forget about them for now.
What a rebound for Bitcoin, when all hope was lost and an eminent bloodbath for crypto...markets just rebounded back into life, and am hoping we can get into the $35k to $40k range just to send a message to these guys trying to bring crypto down.
Yesterday's and today's market movement, which I believe is not just a result of the ETF news but a collaboration of both the good news of ETFs and that of EDX, is what's bringing this instant market pump. A lot of people want to bag more and hold before the initial launch of the EDX exchange, which they believe will have a positive impact on the market since it's being backed up by strong firms that are supposedly worth billions of dollars.
I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
After all the negative news SEC has brewed in the last couple of days, this news right here has pretty much soaked everything in and we might just forget about them for now.I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
What a rebound for bitcoin, when all hope was lost and an eminent bloodbath for crypto...markets just rebounded back into life and am hoping we can get into the $35k to $40k range just to send a message to these guys trying to bring crypto down.
Yeah, June seems to be very bad for us historically, but this is very different. When we thought that it might go down or at least sideways at $26k-$28k, suddenly in the last couple of days, the market seems to be on fire and on FOMO.
And yes, we could really smell FOMO here, those who don't want to buy when the price is $26k, is now buying at $30k because they think that the market will continue to go up. Lol, that is the very basic definition of FOMO and I wouldn't be surprised is that is what happening in the market right now that's why the price suddenly went up to $30k in 48 hours.
I think it's obvious that this is just FOMO, but it will have to start from something, so when the BlackRock Spot ETF application come to surface, everyone wanted to be on board and that's why the price simply skyrocket for the past 2 days.
However, we have experienced this price before, we have hit $31k so this is just a retest. And it's just a question on whether now if we can sustain this run because of the FOMO and then go up $32k++. So it's too early to get excited, in my opinion.
For sure though, those who have been buying at a cheap price is very happy to see their portfolio growing.
However, we have experienced this price before, we have hit $31k so this is just a retest. And it's just a question on whether now if we can sustain this run because of the FOMO and then go up $32k++. So it's too early to get excited, in my opinion.
For sure though, those who have been buying at a cheap price is very happy to see their portfolio growing.
as it would not surprise me if another round of FUD made it to the markets to slow down the growth of bitcoin once again.
Even if it's not now. Fud now looks like something normal to the crypto market. When it looks like the pressure of one is going down and the market is trying to recover so hard, there comes another, as if it's been manipulated by some organization gathered somewhere. Just take a good look at the Luna incident, which resulted in a great market dump. On the FTX exchange, the same thing happened. Now the SEC is suing, etc. It's just something normal now but what matter is how the market keeps on recovering after all this. It keeps bouncing back stronger.
After all the negative news SEC has brewed in the last couple of days, this news right here has pretty much soaked everything in and we might just forget about them for now.
What a rebound for bitcoin, when all hope was lost and an eminent bloodbath for crypto...markets just rebounded back into life and am hoping we can get into the $35k to $40k range just to send a message to these guys trying to bring crypto down.
Good to see the market recovering and starting to enter the $30k price area. What a rebound for bitcoin, when all hope was lost and an eminent bloodbath for crypto...markets just rebounded back into life and am hoping we can get into the $35k to $40k range just to send a message to these guys trying to bring crypto down.
This is a significant increase when previously the bitcoin price crashed due to binance.us legal dispute with the SEC.
But when everything is over and it is clear, Bitcoin starts to recover again.
My hope is that Bitcoin in July will be able to stay above the price of $30k so that it will have the opportunity to go higher to reach $40k.
This will apply when there is no more FUD, but when FUD starts to attack again then the market will be disrupted.
We will still see some corrections and that is quite natural because some corrections are needed so that the market is not saturated and can go even higher.
Yesterday's and today's market movement, which I believe is not just a result of the ETF news but a collaboration of both the good news of ETFs and that of EDX, is what's bringing this instant market pump. A lot of people want to bag more and hold before the initial launch of the EDX exchange, which they believe will have a positive impact on the market since it's being backed up by strong firms that are supposedly worth billions of dollars.
I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
After all the negative news SEC has brewed in the last couple of days, this news right here has pretty much soaked everything in and we might just forget about them for now.I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
What a rebound for bitcoin, when all hope was lost and an eminent bloodbath for crypto...markets just rebounded back into life and am hoping we can get into the $35k to $40k range just to send a message to these guys trying to bring crypto down.
Yesterday's and today's market movement, which I believe is not just a result of the ETF news but a collaboration of both the good news of ETFs and that of EDX, is what's bringing this instant market pump. A lot of people want to bag more and hold before the initial launch of the EDX exchange, which they believe will have a positive impact on the market since it's being backed up by strong firms that are supposedly worth billions of dollars.
I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
After all the negative news SEC has brewed in the last couple of days, this news right here has pretty much soaked everything in and we might just forget about them for now.I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
What a rebound for bitcoin, when all hope was lost and an eminent bloodbath for crypto...markets just rebounded back into life and am hoping we can get into the $35k to $40k range just to send a message to these guys trying to bring crypto down.
Yesterday's and today's market movement, which I believe is not just a result of the ETF news but a collaboration of both the good news of ETFs and that of EDX, is what's bringing this instant market pump. A lot of people want to bag more and hold before the initial launch of the EDX exchange, which they believe will have a positive impact on the market since it's being backed up by strong firms that are supposedly worth billions of dollars.
I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
Whether ETFs news or EDX news, Technically Bitcoin is already set for a bounce back, If you have good knowledge of technical analysis you would understand that this news event looks programmed or planned to move the market when it gets to a retraceable point, think about why the news event came out after we've tested a support level, Also when we hit 30k resistance there was an event that brought us down the clogging of the meme pool, the market is a game and the biggest speculators best know how to play it, this is why I use news events to confirm market direction after my TA.I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
Whether FA's been showing positive
There's no way that we could be able to tell on whats the exact reason on why this market is really moving that way. One sure thing that happened recently on which we've seen SEC vs Binance issue plus other
negative things happened too on which it did really make some effect into the market on which we did really make out some decrease but now we've been seeing some positive news which
Applications for ETF and other things on several companies and other putting themselves in line. Im not really that shocked when it comes to market manipulation.
Yesterday's and today's market movement, which I believe is not just a result of the ETF news but a collaboration of both the good news of ETFs and that of EDX, is what's bringing this instant market pump. A lot of people want to bag more and hold before the initial launch of the EDX exchange, which they believe will have a positive impact on the market since it's being backed up by strong firms that are supposedly worth billions of dollars.
I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
Whether ETFs news or EDX news, Technically Bitcoin is already set for a bounce back, If you have good knowledge of technical analysis you would understand that this news event looks programmed or planned to move the market when it gets to a retraceable point, think about why the news event came out after we've tested a support level, Also when we hit 30k resistance there was an event that brought us down the clogging of the meme pool, the market is a game and the biggest speculators best know how to play it, this is why I use news events to confirm market direction after my TA. I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
Yesterday's and today's market movement, which I believe is not just a result of the ETF news but a collaboration of both the good news of ETFs and that of EDX, is what's bringing this instant market pump. A lot of people want to bag more and hold before the initial launch of the EDX exchange, which they believe will have a positive impact on the market since it's being backed up by strong firms that are supposedly worth billions of dollars.
I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
I believe in a short time this market will rapidly correct itself, or it may be good to take this opportunity to fill in the gap and dump created by the SEC drama.
Who is EDX?
Explains a few things... Interesting bitcoin cash is their mix, explains why it rocketed up.
https://www.benzinga.com/markets/cryptocurrency/23/06/32930271/institutional-only-crypto-exchange-edx-markets-debuts-with-support-from-major-financial-fi
Actually, I have no idea about them and the edx that I've thought is the one that's educational and more with online courses. It's good that I've got now an idea on who they are, so based from the article they're an exchange for institutional players.Explains a few things... Interesting bitcoin cash is their mix, explains why it rocketed up.
https://www.benzinga.com/markets/cryptocurrency/23/06/32930271/institutional-only-crypto-exchange-edx-markets-debuts-with-support-from-major-financial-fi
IMHO: this way too much way too fast, it will settle back like you said
It is nothing new and not shocking but we do get overwhelmed whenever we see Bitcoin moves like this. It's like it's been such a long period of time until it had move a couple of thousands from the stable price that it had been or from the price during where the Binance news were around. I can still remember when it was like the barrier($30K) that's unbreakable a few months ago.
This kinda happened quietly
"Crypto investors have drawn succor from the start of a digital-asset exchange, EDX Markets, backed by firms including Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp. Separately, BlackRock Inc. and WisdomTree Inc. have applied in quick succession to launch spot US Bitcoin exchange-traded funds."
https://finance.yahoo.com/news/bitcoin-hits-six-week-high-031406669.html
Who is EDX?
Explains a few things... Interesting bitcoin cash is their mix, explains why it rocketed up.
https://www.benzinga.com/markets/cryptocurrency/23/06/32930271/institutional-only-crypto-exchange-edx-markets-debuts-with-support-from-major-financial-fi
IMHO: this way too much way too fast, it will settle back like you said
"Crypto investors have drawn succor from the start of a digital-asset exchange, EDX Markets, backed by firms including Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp. Separately, BlackRock Inc. and WisdomTree Inc. have applied in quick succession to launch spot US Bitcoin exchange-traded funds."
https://finance.yahoo.com/news/bitcoin-hits-six-week-high-031406669.html
Who is EDX?
Explains a few things... Interesting bitcoin cash is their mix, explains why it rocketed up.
https://www.benzinga.com/markets/cryptocurrency/23/06/32930271/institutional-only-crypto-exchange-edx-markets-debuts-with-support-from-major-financial-fi
IMHO: this way too much way too fast, it will settle back like you said
There can be some push because of those news about application for ETF and it's not just Blackrock but also WisdomTree, I don't have idea about the latter but it seems another huge company as per my research it has got $87 billion globally of AUM. Other than these news, I don't see anything that can push the prices but it's all due to these fundamentals and good news that we're seeing right now. While those past news about SEC hunting Binance US, Coinbase and more news about Binance negatively globally, it had pulled the market and now these Bitcoin ETF applications and news are likely the reason why we're seeing the sudden push of Bitcoin. But are we going to be surprised with these if it's normal that it surprises us with a bump and then with the typical dumps that we've been?
As of this writing our beloved Bitcoin is on fire as well as it's derivatives and shitcoins.
Rate hikes immanent and market backing up a bit.
The Blackrock ETF as they have a 500 to 1 SEC success rate.
Solid ground for sound money or is this a FOMO perfect storm?
I can understand the BR ETF exciting the market (the others are crappy spot ETF apps)
But why is the market other than BTC on fire? One must dial back the optics and look at everything.
Is this FOMO? As in another thread have we decoupled?
Trying to understand why the whole spectrum is overheating.
Silver/Gold is dropping as well that trade generally opposite of BTC.
What's going on?
Rate hikes immanent and market backing up a bit.
The Blackrock ETF as they have a 500 to 1 SEC success rate.
Solid ground for sound money or is this a FOMO perfect storm?
I can understand the BR ETF exciting the market (the others are crappy spot ETF apps)
But why is the market other than BTC on fire? One must dial back the optics and look at everything.
Is this FOMO? As in another thread have we decoupled?
Trying to understand why the whole spectrum is overheating.
Silver/Gold is dropping as well that trade generally opposite of BTC.
What's going on?
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