Topic: Good news - page 4. (Read 971 times)

Good News for a certain individual that already bought Bitcoin when the price is still not in peak, and for the people that are only holding and waiting since the beginning of Bitcoin, that are the lucky ones that don't lose faith on it,

And Bad News for late in buying Bitcoin, well they can still buy today and hope OP would be right in the latter of the movement of the hash rate but then again the price is not determined with that,

The price is still increasing and as we are now the ATH is nearing but apparently correction is still there and no one know when can it strike.

The phenomenon that you refer to is also known as "coiling".... good luck with your purported fantasy of a "quite slow pace" nowdays.


Nothing wrong with that, and BTC is an assymetric bet, so you can do quite well with a relatively small amount of capital, but if you want to do well, it is probably better to put more than $100 into it.. but hey, "doing well" is a relative concept, too.



Are you short-term bearish and long term bullish?

You think down before up?


hahahaha

hear that nonsense all the time.. so gotta attempt to find some humor in almost any variant of it, no?


fair enough.


I agree... good to prepare for up, too, just in case.


It is never bad to buy bitcoin...

Just establish a long term BTC plan, and just continue to buy BTC on a regular basis until you reach your BTC accumulation goal.

Once you reach your BTC accumulation goal, then you can fuck around with guessing if the BTC price might go up or down or whatever.

The fact that the cryptocurrency market grows in price in the second half of July and in August, when traditionally at this time business activity freezes in all markets, is a good and encouraging sign for market participants. If, in mid-August, bitcoin finally overcomes and holds the price of $ 12,000, then what will happen in the fall, when prices in the market usually rise much higher? Of course, it is now much more profitable to buy bitcoin before it has risen much higher in price.

I agree, we don't see those crazy jumps nowadays, is hard to predict when the massive bump or dump will happen, but in the past months we have seen only a small oscillation in the prize, so, our only option is to hold and watch how does this bump ends.

I think it's 20k time yet, that will take at least one more year.

Price moves on a quite slow pace nowadays - or might be me not being that obsessed with checking it 24/7 anymore. But slower bumps are much healthier imo than what we've had few years ago.

As an advice, I'm not sure I can give one that'd really be efficient besides assessing your risks and investing what you can afford to lose. In my opinion, while short term has a little question mark, longer term should look great. But even if it ends up not being so, I'd take it as an opportunity to buy it. My biggest reason is the halving. 2021 is going to be an interesting year.

Depends. Could turn out to be the opposite instead. I guess luck is a thing here as well.

We are no longer in 2019.

We are over a year after that 2019 pumpening that had gone from about $4,200 to $13,880 within about 3 months.

If you believe that the same thing is going to happen, you are failing or refusing to recognize significant aspects of bitcoin, whether we are referring to cycles, supply/demand fundamentals, networking effects or other factors.


hashrate is a decently strong fundamental, too.. but surely, it is not the only consideration to account for.

What are you doing pixie85?  You selling and expecting to buy back lower? 

You anticipating a drop to sub $7k or maybe lower - which would surely be reachable if you believe that this time is not different than 2019?

If you are merely waiting for sub $10k prices, then of course, we are both within striking distance of sub  $10k and you might have some decent odds of reaching sub $10k,,, maybe 40% or higher, but hopefully you have also prepared for UP... it is dangerous to only prepare for one BTC price direction, especially when we are quite likely in a decently strong bull market.. under quantify "strong" to your peril.


Hopefully, there are not too many people who are doing that, but there surely are people who are just finding out about bitcoin or just getting into bitcoin, and what kind of advice would you be giving to a newbie?  You want newbies to wait?  Do you believe that waiting is practical or prudent under current circumstances if you happen to be someone with little or no coin, currently?

Surely, my suggestion always is to attempt to prepare for both UP and down, and if you are newly establishing yourself in bitcoin, then preparing for UP means to buy a little, and surely if you suspect that the BTC price might go down, you might choose to buy a bit less BTC at the current price, but you surely are not going to be prepared for UP at all if you do not have any BTC, you do not buy any and you merely wait because some random peep on the interwebs believes that we are in a 2019 pattern, even though we are over a year later and there are quite likely significant and material factors that have changed since 2019.. but the random peep on the interwebs wants you to believe that this time is not different (even when it factually is different)?

That’s got a pretty easy fix in this case: Ever wondered on how many days BTC has been above a certain value?

The data runs up to nearly the end of last month, and I wasn’t really planning on updating the content, but since I was quoted on this thread, might as well drop by with the English version of the "source".

12 thousand isn't such a big news. We went higher than this in 2019 and quickly corrected below 10 thousand. What makes you think this time it's going to be any different?

If the hashrate and the short term price are the only reasons you choose to invest in Bitcoin you are doing it wrong.

I'll also add that if you didn't buy at 5,6,7,8,9 thousand and are buying now because it's near 12 you are also doing it wrong.

Nah, I don't think this is the right time to invest on Bitcoin. They might be too late, and the hype was just making it rise hence if soon the market goes down, investors would only wait for more months as they just invested due to the whales. Even a lot of huge personalities in financial and crypto world are giving more hype as they kept on predicting the rise together with the break of Bitcoin's resistance. Therefore, only those who know how to day-trade could make profit with the current whales.


You should've used english instead This isn't local board to quote Ddmr's spanish (i guess) post.

We must not forget the historical moment in which we are, no!, not for the price of $ 12k which we have already exceeded more than +59 times (this data thanks to a table of DdmrDdmr). The moment it happens is what is really important "ehe pandemic" , in this case for me.

If! you have to get excited but sensible, it is the "organic" nature of bitcoin.

You can see this table with the all-time highs for bitcoin, courtesy of @DdmrDdmr
https://docs.google.com/spreadsheets/d/1ukVQfvvopAp9mjAtwnA0DQhPLv6L1AomCitFGQ_NGh8/edit#gid=0

Original source of consultation:

It is quite late. I had thoughts of investing at the $9k point but hesitated which gave me regrets at this moment. Investing right now would still be a good idea especially if we would see a rally now that the resistance is broken. Based on the market price behavior, green marks are dominant but the risk stands with how long will we see this motion.
Investing to alts having a momentum is what I am planning right now because those coins are having quite a consistent upward motion. But I won't advise doing such thing because huge names in thia industry has a higher chance to go along with the bullish trend.

I agree that wording should be really carefully chosen, digital communication could lead to a lot of miscommunications.
Investments should be based to a lot of things and hash rate may be of help but there are more considerations to be taken.
Although these changes with the price of Bitcoin is really a good news, especially to those who bought early and are gaining profits now.

The peak that we recently saw was $12,300 and $12,400 in some exchanges. While posting here, it is starting to correct so we're on the sign again that those people who have missed the buying opportunity still have enough time to buy.

Correction is occuring and last seen to $11,935 and it could go a little bit more. If seen to be at the range of $11,500 - $11,800 that could be the support and the price which is considerably good to buy unless you want it way lower.

Emphasis on the word "might" or not, if you think about it, it still ends up being pointless. We could spend all day saying things that might happen but it doesn't change the fact that no one knows what will happen in the end and it will always come down to supply and demand.

With your reasoning, the only sign that we're seeing is that miners seem to be bullish on bitcoin, and that's pretty much it. I don't get how you concluded that bitcoin might rally to 15k just because of the said fact because I don't see much connection at all.

i still remember when Hashrate is around 1 ExaHash couple year ago. but in my thought maybe some people want make profit in this early bitcoin boom. and if u remember there's lot of people join mining not just bitcoin when bitcoin boom at 2017. so i agreed with this guy opinion

Don't give me that crap about reading before posting, you should be the one thinking twice before posting.


Your first line was clear, you left no room of doubt, "Now is the time".
The fact that you added might and maybe and probably after it doesn't change the thing that you started your topic with a clear idea in which you related the hash rate to a jump in price, clearly stating, I repeat, "now is the time".
So this comes down to two things, you're either trying to make clickbaitish title or topics to gain attention or you don't double proof your posts, or better than those two don't snap at people pointing out your mistakes.

MIGHT the market will do the rally or it will dump soon, people will still invest Bitcoin no matter what the hash-rate shows, they never think about but just focusing on the price trend.

I do believe it was good news by then seeing that we broke already the $12k resistance. Those who buy earlier will absolutely are be profiting by now. This could might also an encouraging moment for the others to invest as the momentum continues to look positive every other day.

you are forcing it!
it makes no sense since a miner is already getting paid in bitcoin for the work they do. why would they also buy bitcoin? if they wanted to make a bigger investment they would buy more ASICs and mine more bitcoin.

it was mostly FUD rather than anybody being worried. it happened during last halving too. besides the hashrate drop was not even significant.

well when you talk about how this is a good time for investment and then also talk about how this is the time hashrate hit the ATH that seems to be the only logical conclusion.

definitely. there are all signs of the bull market starting and there is a good momentum which means it is a good time for invetment.
although better time was when price was below $10k and everyone else were crying about it and were waiting for dumps to $1k and stupid things like that

Then arguably you need to choose your wording more carefully.  Your opening lines in the OP appear to imply that now is the time to buy based on the news of the hashrate.  I can easily see how someone could come away with the wrong impression if that's not what you meant to say.

Hash rate is a good indicator of the Bitcoin network's health. A high hash rate, when compared to a lower one, is preferable as it effectively means the network is more secure so it is either a good or bad news for everyone. But despite of that , it is not the only factor that we consider on investing in bitcoin. Bitcoins value is not just based on the hash rate indicator and prediction.