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Topic: Good sign for market - page 7. (Read 1346 times)

hero member
Activity: 1750
Merit: 589
January 02, 2020, 10:54:32 AM
#16
Not really a good sign, nor is it a bad one. Is just eh, pretty normal I'd say. Bitcoin may rise or fall, nothing new there, it is Bitcoin after all. You ca't really base signs off past performances of BTC, especially since the last 4 years could be said to be a regulation period of BTC on its bubble of 2017. Could even be said that it actually just finished by the start of 2019, and only the entire year of 2019 was the progress or the growth of Bitcoin that actually contained foundation and is stabilized unlike in the past 3 years.

It might be good but like what we've been saying about the attitude of bitcoin, this isn't an easy thing to predict and the usual term that we use to say with that is that it's unpredictable. And if we compare it with the 2017 bull run, this time it wasn't like that. We've seen that bitcoin isn't good at the end of 2019 and we're more dropping instead of pumping. We can't assure that the good days base on your satisfaction but we'll have it just like the usual days and we're hoping that it will be better than last year.
Could be though. Could be not. Generally it should cause it decreasing the constant supply being produced means that demand would now rise higher compared to the past. Though could actually have no effect at all, but a negative one? I don't suppose so.
sr. member
Activity: 2604
Merit: 338
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January 02, 2020, 10:53:24 AM
#15
Don't get your hopes so high because even if there's a bitcoin halving coming that is not the reason for you to think that this market is about to change like what you have expected in 2017. Things are getting more complicated this year if you think it thoroughly and done your research. Bitcoin halving effect will not have a major impact this year.
hero member
Activity: 3080
Merit: 603
January 02, 2020, 10:08:06 AM
#14
For the past four years we have witnessed a massive drop starting from last week of December when it comes to the price of bitcoin but this year it was not the same case, does that mean that we have good days ahead? because even during 2017 bull run it started in November and lasted till the beginning of 4th-week of December then the price started to drop.

I think this is a good sign for bitcoin.
It might be good but like what we've been saying about the attitude of bitcoin, this isn't an easy thing to predict and the usual term that we use to say with that is that it's unpredictable. And if we compare it with the 2017 bull run, this time it wasn't like that. We've seen that bitcoin isn't good at the end of 2019 and we're more dropping instead of pumping. We can't assure that the good days base on your satisfaction but we'll have it just like the usual days and we're hoping that it will be better than last year.
hero member
Activity: 2086
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Cats on Mars
January 02, 2020, 09:53:04 AM
#13
but this year it was not the same case, does that mean that we have good days ahead?
No, it doesn't mean good or bad days ahead. Bitcoin's performance over the past couple of weeks does not indicate anything, and unless you're a trader (unlikely), you shouldn't be concerned about a couple of weeks data.

Good sign? The only good sign that most of us are waiting is the one that'll tell us that we're oficially out of the bear market, but unfortunately, that sign is yet to arrive so, anything other than that is inconsequential.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
January 02, 2020, 09:29:33 AM
#12
Halving is getting nearer now, we should begin to see a slow rise from now until the halving, maybe even with a big speculative spike before a dump after the halving. The real fun will be in 2021.
hero member
Activity: 2702
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I don't request loans~
January 02, 2020, 09:11:25 AM
#11
Do remember that the massive drop was because of the massive rise in 2017, which is also known as the bubble of that years halving. Naturally, a bubble which lacks foundation would go down to regulate and stabilize it's price since it remaining as such would shake the market.
We already had gone though that situations, and I don't wish to see any drop worst than that this year.
Drop? Worst? Excuse me but as I recall, the year entered with BTC at 3k and ended the year with 7k. No matter ho2 hard I look, I can't really see anything close to a "drop".
sr. member
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January 02, 2020, 08:55:52 AM
#10
For the past four years we have witnessed a massive drop starting from last week of December when it comes to the price of bitcoin but this year it was not the same case, does that mean that we have good days ahead? because even during 2017 bull run it started in November and lasted till the beginning of 4th-week of December then the price started to drop.

I think this is a good sign for bitcoin.

We already had gone though that situations, and I don't wish to see any drop worst than that this year. The history was really struggling and I do hope that not only good signs is visible, but also it's for reality of the actual market. Many people have been speculating positively even if the recent market performance didn't coincide at impressive outcome. What we need now is a stable and progressive market.
full member
Activity: 798
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January 02, 2020, 08:17:30 AM
#9
For the past four years we have witnessed a massive drop starting from last week of December when it comes to the price of bitcoin but this year it was not the same case, does that mean that we have good days ahead? because even during 2017 bull run it started in November and lasted till the beginning of 4th-week of December then the price started to drop.

I think this is a good sign for bitcoin.

I hope it is really a good sign ahead but we are really uncertain of the future market of cryptocurrency.  Though we can see a strong support on Bitcoin and a partial increase on it several times only to end being dump at the end.  Let us be warry of Bull trap to avoid a certain lose of our investment.

Yes we already on a strong support thats why the price always bounce after a small drop but again its hard to know when the pump or dump happen all prediction can be valid or maybe invalid.
Most people think this 2020 bitcoin price will spike so high since we are near to halving and if you check its history the price always spike so high lets us hope for a positive happen.
sr. member
Activity: 1092
Merit: 271
January 02, 2020, 08:05:57 AM
#8
For the past four years we have witnessed a massive drop starting from last week of December when it comes to the price of bitcoin but this year it was not the same case, does that mean that we have good days ahead? because even during 2017 bull run it started in November and lasted till the beginning of 4th-week of December then the price started to drop.

I think this is a good sign for bitcoin.

I hope it is really a good sign ahead but we are really uncertain of the future market of cryptocurrency.  Though we can see a strong support on Bitcoin and a partial increase on it several times only to end being dump at the end.  Let us be warry of Bull trap to avoid a certain lose of our investment.
legendary
Activity: 1652
Merit: 1265
January 02, 2020, 08:02:25 AM
#7
The bitcoin price is going to stay around 7K USD for the rest of the winter.
There are no good or bad signs for the market now.The price volatility is so damn low.

It will go up after the halving. The halving is historically the lowest point on the exponential graph.
hero member
Activity: 3164
Merit: 937
January 02, 2020, 07:58:08 AM
#6
The bitcoin price is going to stay around 7K USD for the rest of the winter.
There are no good or bad signs for the market now.The price volatility is so damn low.
sr. member
Activity: 1330
Merit: 326
January 02, 2020, 04:00:39 AM
#5
We can't really know about that. You are talking about 2017, but 2018 and 2019's year end performace is different. You are relying from the past charts but I will not be pessimistic about this start of the 2020. If only it can break $8k this week, that's indeed a good sign so let us wait for that.
legendary
Activity: 3472
Merit: 10611
January 02, 2020, 03:38:53 AM
#4
For the past four years we have witnessed a massive drop starting from last week of December when it comes to the price of bitcoin but this year it was not the same case,
it has never been the case for the past years actually. most last weeks of December for the past 10 years actually goes up!

Quote
does that mean that we have good days ahead?
no that doesn't mean anything.
the fact that for the past year price has been rising (from $3200 to $13800 and ended at $7200+) means we are already in a bull market that will continue in 2020 and grow in size and speed.
hero member
Activity: 952
Merit: 513
January 02, 2020, 03:30:32 AM
#3
For the past four years we have witnessed a massive drop starting from last week of December when it comes to the price of bitcoin but this year it was not the same case, does that mean that we have good days ahead? because even during 2017 bull run it started in November and lasted till the beginning of 4th-week of December then the price started to drop.

I think this is a good sign for bitcoin.

This is not the reason to be optimistic, even though I think that the outlook of the market is clearly geared to be positive next year.

Halving is still the main event on the horizon, in my opinion. The effect is really twofold, the psychological effect that it will have on the market as well as the fact that it creates more scarcity for newly mined coins.

Just don't expect any bull market the size of 2017. That is a thing of the past with the current maturity of the markets.
sr. member
Activity: 1918
Merit: 268
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January 02, 2020, 03:20:01 AM
#2
For the past four years we have witnessed a massive drop starting from last week of December when it comes to the price of bitcoin but this year it was not the same case, does that mean that we have good days ahead? because even during 2017 bull run it started in November and lasted till the beginning of 4th-week of December then the price started to drop.

I think this is a good sign for bitcoin.
yes a lot of fortune tellers in the past year about this year which will be a good year for the crypto community of course, we are still at the beginning of the year is not too significant to see other surprises, waiting a few weeks from now to see the market really recovered from the slump, that's what expected by everyone in this forum, except for those who buy late
sr. member
Activity: 1638
Merit: 261
January 02, 2020, 03:10:03 AM
#1
For the past four years we have witnessed a massive drop starting from last week of December when it comes to the price of bitcoin but this year it was not the same case, does that mean that we have good days ahead? because even during 2017 bull run it started in November and lasted till the beginning of 4th-week of December then the price started to drop.

I think this is a good sign for bitcoin.
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