Finally little fire on bitcoin got ignited - page 5.

Findingnemo

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Bitcoin = Financial freedom

Quote from: BitHodler on February 08, 2019, 06:57:20 PM

This pump is largely fueled by those who were short. I doubt this pump is going to hold. I hope it will, but I'm not going to put faith in a minor up movement after all the decreases we have gone through.

Litecoin is going nuts right now with still 6 months to go before its block rewards get cut in half. If this continues, it could positively affect the overall market, but it's too soon to already be sure of that right now.

The thing with crypto is that a 10% dump means noobs turn ultra bears, and a 10% pump means noobs turn ultra bulls. People here are just as volatile as the Bitcoin price itself is....

As people says it might be a bull trap but the bump of prices is around 10% with most of the cryptos which can bring some positive intention on the investors who are holding money just with the prediction of bull run happening.Anyway some good profits for the investors but still I am in huge loss so I keep this as positive and got motivated while holding.

Bitcoinwaist

copper member

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i am as happy as a lark that bitcoin went up 10% today Cheesy

take it for what its worth. 10% up is a huge day for btc. big day for the bulls

jakezyrus

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Quote from: jossiel on February 08, 2019, 06:52:16 PM

IMHO, it's because of the 'possible approval of bitcoin ETF'

oh really ? i thought etf has been delayed er rejected last time ? oh well , if they already changed thier minds then good for us

Quote from: netto7 on February 08, 2019, 03:30:39 PM

it not rise too much if you compare to drop rate.

early new year 2019 BTC around 4k before drop to 3.5k or go back 3 month at NOV BTC is around 6K.

yeah but its better than nothing . this good little things can give us excitement and hope to purse and continue what we have started . i hope this rise can increase more and much better if this can for a longer time .

Quote from: Slow death on February 08, 2019, 05:17:13 PM

~ snip ~

thats nice but this is normal . other crypto do follow the bitcoin's current trend .

BitHodler

legendary

Activity: 1526

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This pump is largely fueled by those who were short. I doubt this pump is going to hold. I hope it will, but I'm not going to put faith in a minor up movement after all the decreases we have gone through.

Litecoin is going nuts right now with still 6 months to go before its block rewards get cut in half. If this continues, it could positively affect the overall market, but it's too soon to already be sure of that right now.

The thing with crypto is that a 10% dump means noobs turn ultra bears, and a 10% pump means noobs turn ultra bulls. People here are just as volatile as the Bitcoin price itself is....

jossiel

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IMHO, it's because of the 'possible approval of bitcoin ETF' and this triggered investors to feel the right thing to do and that is to pump bitcoin by starting to buy while they can at the bottom.

But it's really too early to celebrate, we've been down for a long time and this small bump gave joy to us but it's just the beginning I guess. There's more to go and let's see on how long this will stay because a day or two we'll see bloods on the streets again.

mikeywith

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be constructive or S.T.F.U

Quote from: 2chase on February 08, 2019, 03:55:49 PM

I am also very pleased that now the market has once again confirmed that the Bitcoin holders are doing the right thing. And although this is only by $ 200 growth, this is an important stage for all of us, which once again confirms that Bitcoin now has an uptrend. And I think that we have now every chance to finish the first quarter of this year somewhere at the level of 4500-5000 dollars.

I don't want to sound mean, but i can't think of any other words to describe what you just said other than "pathetic hope".

some people will never learn, they keep chasing prices and get rekt, every time bitcoin goes up 10-20% many of you start thinking of the color of their future lambo.

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.

you are either a day trader, or a long term investor.

you either cash out that small profit and get out, or you stop looking at the price and come back next year.

(4000-4500 is a strong resistance level, it's safe to short at that level , the 3200-3400 is a support level, it's safer to long at that area)

TL;DR : this is a minor correction after a massive dip, there is technically no pull rally before Q4 , sub 5k is the highest bitcoin will go for months.

timerland

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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

Don't expect too much out of this at this stage.

Personally, even though there seems to be somewhat less bearish sentiment in the market right now compared to 1-2 months ago since the expectations of the market in general is that prices have reached its trough, I still don't think that there is enough momentum for a bullish outbreak any time soon.

Also, I expect prices to move sideways for the majority of the first half of the year, having some pumps like this and some dips as well. I don't think there will be any real recovery happening in Q1-Q2 based on previous bear markets.

1Referee

legendary

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It's a breakout with pretty decent spot volumes, but it's way too soon to celebrate.

I do however like that CME has gone nuts with over 50,000BTC in volume today, which isn't something we see them do frequently. It's way more actual USD volume than the largest fiat exchange Coinbase Pro. CBOE as usual is far behind with ~3000BTC in volume, which is peanuts. Perhaps it's a better idea if CME ends up replacing the CBOE when it comes to getting an ETF approved. Cheesy

Let's see how this increase will deal with the weekend. Weekends generally have lower volumes, less excitement, which in an already bearish market translates into lower prices.

Slow death

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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.

was a very good increase, at least we will have more days of peace, I speak of peace to hear things like: " $2700 is the bottom? " and then another guy will say the following: " $1000 is the bottom ". we spent days listening to these kinds of things.

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

All the crypto currencies were bumping...

here is the champion of the day:

https://coinmarketcap.com/currencies/gold-bits-coin/#markets

Pump and dump

thecodebear

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Quote from: 2chase on February 08, 2019, 03:55:49 PM

I am also very pleased that now the market has once again confirmed that the Bitcoin holders are doing the right thing. And although this is only by $ 200 growth, this is an important stage for all of us, which once again confirms that Bitcoin now has an uptrend. And I think that we have now every chance to finish the first quarter of this year somewhere at the level of 4500-5000 dollars.

Please don't think like that. You are only gonna disappoint yourself. It was one $300+ dollar spike. It in no way signals the bull market is starting. Q1 will probably close with Bitcoin in 3000s or low 4000s, Q2 will probably close with Bitcoin in 3000s or low 4000s. Maybe close of Q3 we might start to see an uptrend forming.

figmentofmyass

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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 is a bull trap, the start of a selling opportunity. best case, it can go to upper $4000s or low $5000s......maybe a bit higher. then we're headed back to the $3000s to hash out a proper bottom. we'll at least retest the december bottom, and we might get a proper capitulation spike below $3k.

harizen

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Quote from: netto7 on February 08, 2019, 03:30:39 PM

it not rise too much if you compare to drop rate.

Basically yes. But the sudden increase is a quiet a good movement after such a long dipping experienced.

With these recent price movement, we are putting $3,300-$3,400 now as price level where it has a strong resistance. Chances of dipping below that level is still possible especially if this sudden price increase is just spoiling the current trend.

For now, no more speculations of what will happen next. This increase might be a good sign but still we have to wait for further progress (a long period) before considering the bear trend is now over.

2chase

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I am also very pleased that now the market has once again confirmed that the Bitcoin holders are doing the right thing. And although this is only by $ 200 growth, this is an important stage for all of us, which once again confirms that Bitcoin now has an uptrend. And I think that we have now every chance to finish the first quarter of this year somewhere at the level of 4500-5000 dollars.

BitMaxz

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Quote from: sheenshane on February 08, 2019, 02:10:08 PM

Well, we're just hopping on that and waited for how many months, but as of now, I didn't see any significant reason why the price continued rising up or it is early to yell regarding price increases. Let's just do hope that it will not dump again and even it is spike and hit at least 5k dollars at this month and continue rising up soon.

The time that I was replied here this is now the current update of the CMC price and hopefully, this is not a bull trap.
[~snip~]

It isn't price continued it is a price increase within a matter of minutes and I believe this is because of bitcoin ETF just found the article from here SEC Commissioner Says Bitcoin ETF Will Be Approved ‘Eventually’ I'm not so sure if this is the reason behind the price jump but I believe that this is one of the reasons why the price increased today.

Bitcoin is too volatile so there is no guaranteed result if the price can be increased more or not and it's normal to see this price and I am sure sooner the price will drop again after the trends.

thecodebear

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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

You're getting wayyyy too excited. We've probably got a bunch more months in the 3000s range before the next bull market starts. Another 2017-like run is probably two years away at this point.

netto7

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it not rise too much if you compare to drop rate.

early new year 2019 BTC around 4k before drop to 3.5k or go back 3 month at NOV BTC is around 6K.

Kemarit

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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

That is right, I don't know what started this spike in the price of almost all crypto, but it's definitely a thing to behold. As per coinmarketcap, it's $3,670.64. Don't get excited though, might be a bull trap, just like what we have seen so many times in this bearish trend. And it's too early to say that this is another 2017, let's wait for a couple of days till everything settles down and I'm sure we will find out the reason for the sudden spike.

sheenshane

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Well, we're just hopping on that and waited for how many months, but as of now, I didn't see any significant reason why the price continued rising up or it is early to yell regarding price increases. Let's just do hope that it will not dump again and even it is spike and hit at least 5k dollars at this month and continue rising up soon.

The time that I was replied here this is now the current update of the CMC price and hopefully, this is not a bull trap.

Findingnemo

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Bitcoin = Financial freedom

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

Topic: Finally little fire on bitcoin got ignited - page 5. (Read 805 times)