Finally little fire on bitcoin got ignited - page 3.

FIFA worldcup

full member

Activity: 1134

Merit: 105

Quote from: beami on February 09, 2019, 01:22:36 PM

Fire is small and looks good for altcoins too, now bitcoin is back down but Litecoin and Binance have a good rise. The movement is small and will bring a little change, hoping to still be able to increase again an unexpected crypto game.

We need a momentum in bitcoin price and not just a pump of 200$ and then again dump of 200$. Litecoin is rising because its halving is near and Bnb is pumping because of the fact that the new ICO at launchpad needs Bnb to buy the tokens.
Anyways it better that bitcoin is staying above 3500$ and i hope it will keep on rising from now onwards.

Upgrade00

legendary

Activity: 2114

Merit: 2248

Playgram - The Telegram Casino

Over the past months, bitcoin has had similar increase in price aftee prolonged stagnancy, but some of those times it fell below its previous support level.
Understanding the chart fir newbies is almost impossible.
Concentrate on the fundamentals of Bitcoin and how high it can go. Do not follow the bait anytime the price rises.

Dreamchaser21

full member

Activity: 686

Merit: 108

Quote from: Adriano2010 on February 09, 2019, 04:03:48 PM

I think that the price of bitcoin will start grow even if will not be a huge grow. In my opinion the price will grow step by step until the bull run will start and i think we can have a new ATH for bitcoin.

The fire are slowly fading away again but I still believe for the future up trend. Let’s go for the new ATH this year, keep the fire burning even if the market is dumping again, don’t lose your faith. We know how bicoin moves it price before and it can happen again.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

Quote from: clonely on February 10, 2019, 01:11:34 AM

Quote from: jhongzjhong on February 10, 2019, 01:06:51 AM

Quote from: deisik on February 09, 2019, 08:24:23 PM

Which I for one consider a genuine fundamental as it actually determines the price (which I came close to explaining in my precious post). It can be summarized as people's interest in Bitcoin. For example, in 2017 people were highly interested in cryptocurrencies (the exact reasons for this interest are not important here)

People lossing interest on Bitcoin until this day because the price is too slow, all they need is quick profit they can't wait when it is recover. It's a simple TA's why market remains low. People will showing interest if market is high then if low they leave the market.
But as of now, I don't see any reason why Bitcoin price spike on the market, but let's do hope it will continue raising up.

I don't think that people has losing their interest to Bitcoin. It is just about price fluctation. People has started to interest something else instead of cryptocurrencies just for now. When Bitcoin price will start to rise, then all people will come back. I am sure of it.

But important thing is know when market will recover completely. Someone will earn a lot of money who know the true time.

The interest of the people really matters on its price, fluctuation makes the market so beautiful as it give way to make profit. I know have a lot of bitcoin holders in this forum and yet they are still waiting for the market spike.
A lot of people keep on waiting for the bulls came out but we don't know when it comes, they'll just doubts to invest crypto as if the market continue to dump. They'll not losing their interest with crypto but they'll much get interest when the prices are in uptrend motion.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: deisik on February 10, 2019, 05:14:01 AM

The most important thing here is a proper understanding of causal relationships

For example, you say (and others say it too) that when Bitcoin price starts to rise, all people will be coming back (and that you are sure of it). This is an example of inferring an incorrect causal relation, which is worth explaining in detail. You assume that people are going to return when Bitcoin rises, but how can it rise if they don't come first?

For Bitcoin to rise, there should be a lot of interest in it but it is not possible without people actually starting buying or using Bitcoin. In other words, it works in exactly reverse order. Basically, you are confusing cause and effect here. People coming back is the cause of prices rising, while Bitcoin rising is the effect of people coming back

i think it's actually both. it works like a feedback loop.

bitcoin might form a bottom and start rising because of increasing adoption or large players accumulating, etc but people obviously also buy because the price is rising. that's why the largest gains happen towards the end of the bull markets, during the parabolic blow off phase, when the media is hyping it everyday. the 2013 bubble was the reason i gravitated to bitcoin.

i've even heard someone make a convincing case that bitcoin acts like a veblen good.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: clonely on February 10, 2019, 01:11:34 AM

Quote from: jhongzjhong on February 10, 2019, 01:06:51 AM

Quote from: deisik on February 09, 2019, 08:24:23 PM

Which I for one consider a genuine fundamental as it actually determines the price (which I came close to explaining in my precious post). It can be summarized as people's interest in Bitcoin. For example, in 2017 people were highly interested in cryptocurrencies (the exact reasons for this interest are not important here)

People lossing interest on Bitcoin until this day because the price is too slow, all they need is quick profit they can't wait when it is recover. It's a simple TA's why market remains low. People will showing interest if market is high then if low they leave the market.
But as of now, I don't see any reason why Bitcoin price spike on the market, but let's do hope it will continue raising up.

I don't think that people has losing their interest to Bitcoin. It is just about price fluctation. People has started to interest something else instead of cryptocurrencies just for now. When Bitcoin price will start to rise, then all people will come back. I am sure of it

But important thing is know when market will recover completely. Someone will earn a lot of money who know the true time

The most important thing here is a proper understanding of causal relationships

For example, you say (and others say it too) that when Bitcoin price starts to rise, all people will be coming back (and that you are sure of it). This is an example of inferring an incorrect causal relation, which is worth explaining in detail. You assume that people are going to return when Bitcoin rises, but how can it rise if they don't come first?

For Bitcoin to rise, there should be a lot of interest in it but it is not possible without people actually starting buying or using Bitcoin. In other words, it works in exactly reverse order. Basically, you are confusing cause and effect here. People coming back is the cause of prices rising, while Bitcoin rising is the effect of people coming back

clonely

member

Activity: 490

Merit: 10

SEND AND RECEIVE MONEY INSTANTLY

Quote from: jhongzjhong on February 10, 2019, 01:06:51 AM

Quote from: deisik on February 09, 2019, 08:24:23 PM

Which I for one consider a genuine fundamental as it actually determines the price (which I came close to explaining in my precious post). It can be summarized as people's interest in Bitcoin. For example, in 2017 people were highly interested in cryptocurrencies (the exact reasons for this interest are not important here)

People lossing interest on Bitcoin until this day because the price is too slow, all they need is quick profit they can't wait when it is recover. It's a simple TA's why market remains low. People will showing interest if market is high then if low they leave the market.
But as of now, I don't see any reason why Bitcoin price spike on the market, but let's do hope it will continue raising up.

I don't think that people has losing their interest to Bitcoin. It is just about price fluctation. People has started to interest something else instead of cryptocurrencies just for now. When Bitcoin price will start to rise, then all people will come back. I am sure of it.

But important thing is know when market will recover completely. Someone will earn a lot of money who know the true time.

jhongzjhong

full member

Activity: 798

Merit: 109

https://bmy.guide

Quote from: deisik on February 09, 2019, 08:24:23 PM

Which I for one consider a genuine fundamental as it actually determines the price (which I came close to explaining in my precious post). It can be summarized as people's interest in Bitcoin. For example, in 2017 people were highly interested in cryptocurrencies (the exact reasons for this interest are not important here)

People lossing interest on Bitcoin until this day because the price is too slow, all they need is quick profit they can't wait when it is recover. It's a simple TA's why market remains low. People will showing interest if market is high then if low they leave the market.
But as of now, I don't see any reason why Bitcoin price spike on the market, but let's do hope it will continue raising up.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: exstasie on February 09, 2019, 05:24:15 PM

Quote from: deisik on February 09, 2019, 03:43:06 PM

Quote from: exstasie on February 09, 2019, 02:57:44 PM

The daily candle range was closer to $400. And yes I'm saying that, based on a temporary exhaustion of bear momentum and a bullish engulfing on the daily chart with strong volume. I could be wrong; in fact most good traders are wrong a lot of the time. But in my experience, ignoring technical signs like these is just stupid

Personally, I base my expectations on pretty simple grounds, that is, there are no strong fundamentals for the price growth now.

What would you consider strong fundamentals for price growth, and how would you measure them?

The way I see it, Bitcoin's price is tied more to speculation than actual fundamentals. What really matters to me is whether buyers or sellers are in control of the market. That's reflected in the charts. There doesn't need to be major fundamental changes for selling to stop or buying to begin

Yes, and this is one such fundamental metric

Which I for one consider a genuine fundamental as it actually determines the price (which I came close to explaining in my previous post). It can be summarized as people's interest in Bitcoin. For example, in 2017 people were highly interested in cryptocurrencies (the exact reasons for this interest are not important here)

Today it doesn't look like that anymore, i.e. there is not much interest in cryptocurrencies. So the fundamentals look bleak, which can be seen in pathetic daily volumes over the course of the last couple months

jho0810

jr. member

Activity: 213

Merit: 1

We still all hoping that year 2017 price of bitcoin will be like this 2019 but many speculation and fud news always around and they said that this year is not enough or ready for next bull run. But I'm still believe that even we can't reach highest price there will be a increase.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: deisik on February 09, 2019, 03:43:06 PM

Quote from: exstasie on February 09, 2019, 02:57:44 PM

The daily candle range was closer to $400. And yes I'm saying that, based on a temporary exhaustion of bear momentum and a bullish engulfing on the daily chart with strong volume. I could be wrong; in fact most good traders are wrong a lot of the time. But in my experience, ignoring technical signs like these is just stupid

Personally, I base my expectations on pretty simple grounds, that is, there are no strong fundamentals for the price growth now.

What would you consider strong fundamentals for price growth, and how would you measure them?

The way I see it, Bitcoin's price is tied more to speculation than actual fundamentals. What really matters to me is whether buyers or sellers are in control of the market. That's reflected in the charts. There doesn't need to be major fundamental changes for selling to stop or buying to begin.

Quote from: deisik on February 09, 2019, 03:43:06 PM

And to make things clear, I also take into account such things as "bears exhaustion" (read, long-term market sentiment). But we are not there yet.

Buyer and seller exhaustion exists on all time frames. I never said anything about the end of the bear market, in fact I specifically said "temporary exhaustion of bear momentum." There are no signs the bear market is ending yet. I'm just looking for a mid-term countertrend trade.

Adriano2010

hero member

Activity: 1414

Merit: 516

I think that the price of bitcoin will start grow even if will not be a huge grow. In my opinion the price will grow step by step until the bull run will start and i think we can have a new ATH for bitcoin.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: exstasie on February 09, 2019, 02:57:44 PM

Quote from: deisik on February 09, 2019, 02:06:43 PM

Quote from: exstasie on February 09, 2019, 11:54:13 AM

I said a week or two ago that if bears couldn't dump through the $3,400 area, that the pump to $5K is still on. I think that's where we are now

We have risen measly $200

And now you are saying that we are on our way to 5k.

The daily candle range was closer to $400. And yes I'm saying that, based on a temporary exhaustion of bear momentum and a bullish engulfing on the daily chart with strong volume. I could be wrong; in fact most good traders are wrong a lot of the time. But in my experience, ignoring technical signs like these is just stupid

We are all wrong most of the time

So no need to make allowance for it as it should be kinda expected and understood. Personally, I base my expectations on pretty simple grounds, that is, there are no strong fundamentals for the price growth now. And to make things clear, I also take into account such things as "bears exhaustion" (read, long-term market sentiment). But we are not there yet. It is not even set in stone that we will ever be

In fact, we are in a completely unchartered territory right now as the market we see today is very different from what we saw in 2015 (read, it is not like we are in 2015). Maybe, what we have been experiencing for the last few months (say, since the fall of 2018) has more to do with speculative interest in cryptocurrencies losing steam big way (you may think of it as a corpse cooling down)

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: deisik on February 09, 2019, 02:06:43 PM

Quote from: exstasie on February 09, 2019, 11:54:13 AM

I said a week or two ago that if bears couldn't dump through the $3,400 area, that the pump to $5K is still on. I think that's where we are now

We have risen measly $200

And now you are saying that we are on our way to 5k.

The daily candle range was closer to $400. And yes I'm saying that, based on a temporary exhaustion of bear momentum and a bullish engulfing on the daily chart with strong volume. I could be wrong; in fact most good traders are wrong a lot of the time. But in my experience, ignoring technical signs like these is just stupid.

$5K was just a general guess and another leg up could easily top lower than that. I'm just looking for a stop run above the $4,200 high to trap bulls. Then we're probably going back down.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: exstasie on February 09, 2019, 11:54:13 AM

I said a week or two ago that if bears couldn't dump through the $3,400 area, that the pump to $5K is still on. I think that's where we are now

We have risen measly $200

And now you are saying that we are on our way to 5k. We will be there if we reliably break the 4k resistance and stand there, with it becoming a new major support level. But considering for how long we had been stuck at 3.5k, it doesn't look like a plausible assumption unless there is some major news (positive, naturally) followed by real events that add value to Bitcoin (I don't know what it could be). Obviously, some random comment won't cut it

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: Findingnemo on February 08, 2019, 01:05:43 PM

The price of bitcoin passes $3700 few minutes earlier but later fell few bucks but still the price bump is considerable.All the crypto currencies were bumping I am not sure what causes this but let the flow keep going don't dump the coins soon guys it looks like we are ready for another 2017 run just gets excited.I think this will act as catalyst to bring the bull run back.

Share positive vibes. Wink

I was happy about yesterday lift that cryptocurrencies market experienced and I read at coindesk that a link interview said ETF will be approved and that might be the reason for the $200 gain we experienced yesterday. I believe next week it is going to be a new pattern we are going to see.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: beami on February 09, 2019, 01:22:36 PM

Fire is small and looks good for altcoins too, now bitcoin is back down but Litecoin and Binance have a good rise. The movement is small and will bring a little change, hoping to still be able to increase again an unexpected crypto game.

The prices were moving and good to see and hoping to break the $4000 level soon which can create more positive attentions among the investors to invest more and more.

Having positive mindset towards the crypto will helps a lot.

beami

full member

Activity: 602

Merit: 100

VANM - VIRAL ADVERTISING NETWORK MINING

Fire is small and looks good for altcoins too, now bitcoin is back down but Litecoin and Binance have a good rise. The movement is small and will bring a little change, hoping to still be able to increase again an unexpected crypto game.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: goaldigger on February 09, 2019, 10:10:40 AM

Quote from: Findingnemo on February 08, 2019, 01:05:43 PM

The price of bitcoin passes $3700 few minutes earlier but later fell few bucks but still the price bump is considerable.All the crypto currencies were bumping I am not sure what causes this but let the flow keep going don't dump the coins soon guys it looks like we are ready for another 2017 run just gets excited.I think this will act as catalyst to bring the bull run back.

Share positive vibes. Wink

This can really happen and if that so, i would need to buy more bitcoin now. Its good to be optimistic rather that to stress yourselves on havjng negatives on this kind of market. But this is not usually being optimist only, there is also a possibility that this can come true and i know it. Buy now until its cheap.

Chances to run much stronger is always possible as we knew things are unpredictable, this little rise will serve as a wake up calls to those who
are still waiting for another bull to run fast, for sure it will be noticed and we will going to experienced some more good pumped, buy if you
can hold and wait.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: mikeywith on February 08, 2019, 06:27:17 PM

here is the likely scenario that always happen;

half the noobs will buy now at 3700$, the other half will buy when the price goes pass 4000$, the smart will start selling the 4-5 area to the noobs, price will fall back to 3-3.4k , the noobs will freak out, sell for lose , the smart buy and make profit, rinse and and repeat , shut up and take my money

I basically agree with this scenario

Though I don't actually expect prices to break out beyond 4k any time soon. The market doesn't look strong now, so the smart ones will likely start selling earlier if they haven't already. We had been staying for too long in a very tight range to penetrate easily current resistance levels as they had likely also been going lower over time (read, it may take time as well as some effort and a few up and down cycles)

Put differently, we should now start thinking in terms of hundreds of dollars, not in thousands, when analyzing possible price action. This may be our new base scale

Topic: Finally little fire on bitcoin got ignited - page 3. (Read 805 times)