Growth may be just around the corner?

Hell-raiser

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Quote from: gabmen on June 18, 2018, 10:08:13 AM

Quote from: Hell-raiser on June 17, 2018, 11:38:50 AM

That all depends on the exact reasons why the price is falling right now. I haven't been following prices very close recently and the speculations about their causes, but as I suspect, it is the same Mt.Gox dude selling out his seemingly unlimited stash of bitcoins again. And I daresay it may take quite some time until he runs out of coins! It is fun to remember how so-called "professional" traders over here were pouring empty verbiage about future growth and shorts about to be liquidated that had been allegedly driving prices down so hard. I'm curious what they are doing now when the price is ready to break below 6k.

Well that mtgox selloff concern hasn't even gone full circle yet I think since they're allowed to sell it all this september as far as I know. But growth can very well be a little distant at this point. Hopefully the hodlers are prepared to hold on a bit more :p

If there's more to dump, then there's more to fall. If this selling cycle continues, which seems to be the case so far, holding and still more buying in such circumstances will be a suicidal act. On the contrary, there will be a rush to sell, which will drive prices further down until there is no more to sell. But as we all know, the distribution of bitcoins among holders is terrible, so in the end it may turn into a selling avalanche by big holders. Will Bitcoin be able to recover? I have no doubts about crypto as whole because it has real use, no matter what. But Bitcoin may finally get dethroned.

gabmen

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Quote from: Hell-raiser on June 17, 2018, 11:38:50 AM

Quote from: winterland on June 17, 2018, 09:15:22 AM

Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

I am convinced already the price is not going to go up that much during the present year, this is definitely bad news if you are looking to get profits immediately but if you are a long term holder and have some cash in reserve this can be the opportunity you have been waiting to get bitcoin and take a long position in it and make money during the next years.

That all depends on the exact reasons why the price is falling right now. I haven't been following prices very close recently and the speculations about their causes, but as I suspect, it is the same Mt.Gox dude selling out his seemingly unlimited stash of bitcoins again. And I daresay it may take quite some time until he runs out of coins! It is fun to remember how so-called "professional" traders over here were pouring empty verbiage about future growth and shorts about to be liquidated that had been allegedly driving prices down so hard. I'm curious what they are doing now when the price is ready to break below 6k.

Well that mtgox selloff concern hasn't even gone full circle yet I think since they're allowed to sell it all this september as far as I know. But growth can very well be a little distant at this point. Hopefully the hodlers are prepared to hold on a bit more :p

Hell-raiser

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Quote from: winterland on June 17, 2018, 09:15:22 AM

Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

I am convinced already the price is not going to go up that much during the present year, this is definitely bad news if you are looking to get profits immediately but if you are a long term holder and have some cash in reserve this can be the opportunity you have been waiting to get bitcoin and take a long position in it and make money during the next years.

That all depends on the exact reasons why the price is falling right now. I haven't been following prices very close recently and the speculations about their causes, but as I suspect, it is the same Mt.Gox dude selling out his seemingly unlimited stash of bitcoins again. And I daresay it may take quite some time until he runs out of coins! It is fun to remember how so-called "professional" traders over here were pouring empty verbiage about future growth and shorts about to be liquidated that had been allegedly driving prices down so hard. I'm curious what they are doing now when the price is ready to break below 6k.

JohnnyDaMitch

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I think that this is the real way that things ar egoing to happen in a few months from now, the growth is around the corner and everything is recovering at the moment

winterland

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Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

I am convinced already the price is not going to go up that much during the present year, this is definitely bad news if you are looking to get profits immediately but if you are a long term holder and have some cash in reserve this can be the opportunity you have been waiting to get bitcoin and take a long position in it and make money during the next years.

liamnorthcoins

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Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

True, the price has shown some positive movement this past few days following the recent fall of price which to the dismay and fear of many investors some has sold out of panic nd some where seeing the price fall as an opportunity and the recent price they have made a good decision.

Hell-raiser

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Quote from: Denker on June 16, 2018, 03:23:20 AM

Quote from: bitcoinisbest on June 16, 2018, 02:56:26 AM

Patience is the key when you invest in crypto currency. As it is huge volatile market it does require you to have a good holding time as well when the markets have fallen. It may not be easy for the market to recover immediately , but later it will rise and come back strongly and provide you the best gains you can get it.

Let me correct yout post a bit. It needs patience when you invest in Bitcoin! Not crypto in general! Just have a look at coinmarketcap as they offer historical snapshots. If you would have hold Litecoin, Peercoin, Novacoin or any other coin from back in the days, your loss calculated in Bitcoin would immense.
You may be up in USD, but that's not why the most of us are here.

I would be happy if what you say were true but it simply isn't. Most of people here don't give a good goddamn about the success of cryptocurrencies if this success doesn't mean real profits in dollars, euro, or whatever for them personally. Only a small, if not to say tiny, number of people don't care about the price of Bitcoin (just an example) in US dollars. You have to pay your bills in fiat and let's be honest, as long as you have to, you will care for the price of cryptocurrencies, especially if you are making a living off them, whether it be trading, signature campaigns, services, or something else.

Morgann

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Quote from: semobo on April 18, 2018, 07:43:02 AM

If we compare the bitcoin growth rate year by uear it attains great growth guys so we have to be positive and let's hope for the brighter bitcoin future.The price will recover sooner or later in this year because the market become too unpredictable now.

Yes the growth last year is good and most of the cryptocurrency analyst experts are saying that the price might be just the same as $20k dollar by the end of the year and it might surpass since most of the countries today are legalizing cryptocurrency in their area.

KenChanYu

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Quote from: bitcoinisbest on June 16, 2018, 02:56:26 AM

Quote from: giant0129 on June 13, 2018, 09:10:08 AM

We always tend to make more money. Just mindfulness will be an answer. we can practice Yoga, listening to music for controlling the mind.

Patience is the key when you invest in crypto currency. As it is huge volatile market it does require you to have a good holding time as well when the markets have fallen. It may not be easy for the market to recover immediately , but later it will rise and come back strongly and provide you the best gains you can get it.

Growth is achieved through hardwork, and passion. Cryptocurrency is volatile and risky so we need to be more positive and hopeful. We create the growth for ourselves and it's up to us how we take chances and make it productive.

Denker

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Quote from: bitcoinisbest on June 16, 2018, 02:56:26 AM

Quote from: giant0129 on June 13, 2018, 09:10:08 AM

We always tend to make more money. Just mindfulness will be an answer. we can practice Yoga, listening to music for controlling the mind.

Patience is the key when you invest in crypto currency. As it is huge volatile market it does require you to have a good holding time as well when the markets have fallen. It may not be easy for the market to recover immediately , but later it will rise and come back strongly and provide you the best gains you can get it.

Let me correct yout post a bit. It needs patience when you invest in Bitcoin! Not crypto in general! Just have a look at coinmarketcap as they offer historical snapshots. If you would have hold Litecoin, Peercoin, Novacoin or any other coin from back in the days, your loss calculated in Bitcoin would immense.
You may be up in USD, but that's not why the most of us are here.
So you can hold Bitcoin for the long term. You should! But the road on the way up, regarding price, is pretty bumpy!
Altcoins however are only good to make a quick buck, trading in and out several times over the week, or to get burned.
And in terms of a future rise of those coins, there is no guarantee. Lots of them are also just fading out. If you have been in the altcoin space for a few years you will know that.

bitcoinisbest

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Quote from: giant0129 on June 13, 2018, 09:10:08 AM

We always tend to make more money. Just mindfulness will be an answer. we can practice Yoga, listening to music for controlling the mind.

Patience is the key when you invest in crypto currency. As it is huge volatile market it does require you to have a good holding time as well when the markets have fallen. It may not be easy for the market to recover immediately , but later it will rise and come back strongly and provide you the best gains you can get it.

ronafurw

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Quote from: Hell-raiser on June 13, 2018, 08:29:02 AM

Okay guys, it looks like I was a little bit too optimistic about the growth being just around the corner. It appears that it was a massive fall actually brewing up all these days. No one is perfect. Anyway, such a fall will lead us closer to the so-called "fair" price, a price which is determined by real use, not just by speculation alone, though speculation still remains a major contributing factor to Bitcoin's as well as other cryptocurrencies value as of now.

To be honest, I didn't follow the events in Bitcoin's world recently, so is the last price crash due to the Gox guy's handiwork all over again?

I hope so because not seen growth for long time. Ia m also optimistic like you about the future price. Maybe it is just around the corner and shows itself after a while. All investors are waiting for that time but I don’t know why bitcoin is angry with its investors and not compering with them. Hope it will soon back on the track towards green.

okala

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This is what I also feel before and I think bitcoin has been behaving wrongly of recent and we should trying to understand what is actually happening before thinking that the bottom is hear and at the bottom, the best thing to do is to do is invest.

giant0129

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We always tend to make more money. Just mindfulness will be an answer. we can practice Yoga, listening to music for controlling the mind.

Vaskiy

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Growth of bitcoin and altcoins were a promised fact. We do not know when the market goes bearish and when it turns to be bullish. We need to have the patience to benefit out of the same. Growth happens in an unexpected time period which makes the growth to be around the corner.

Hell-raiser

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Okay guys, it looks like I was a little bit too optimistic about the growth being just around the corner. It appears that it was a massive fall actually brewing up all these days. No one is perfect. Anyway, such a fall will lead us closer to the so-called "fair" price, a price which is determined by real use, not just by speculation alone, though speculation still remains a major contributing factor to Bitcoin's as well as other cryptocurrencies value as of now.

To be honest, I didn't follow the events in Bitcoin's world recently, so is the last price crash due to the Gox guy's handiwork all over again?

naidray

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Quote from: LFC_Bitcoin on April 18, 2018, 07:18:47 AM

I’d like to hope we’ve already seen the low for 2018 but every time I think we’re gaining momentum some asshole dunps a shit load back onto the market.

Hoping for the best but prepared for another shit storm.

I would really want to assume that as well, until further notice anyway. We all expected more low after the market fell back into the downtrend channel, but on breaking it, we can see some patterns already forming with the bulls showing some actions. The market may end up moving up further in some few days, but we will have to wait and see. I am still keeping both sides open though as anything can always happen at any time based on how things have turned out in the previous months.

Quote from: plescruslo on April 25, 2018, 04:34:37 AM

but we saw a huge boom in the price and it reached to $20k. Growth and fall are builten with bitcoin.

No market is capable of keep rising all the times. But most people are not ready to accept these facts. They are happily accepting when the rise up is about to start but when fall down happening they do cry. Yes, we must understand that growth and fall down are part of every markets.

krauzzer02

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It is just the Fudders that over exaggerating the price decline last month, losses are more than 70% but if you're going to compare the price charts in the past years, the fluctuations point is very promising and some speculation that it will drop below 4k USD did not happen, I truly understand the feeling of being a pessimistic was fading an indication that the community will not fall for such cheap tricks and some temporary decline.

plescruslo

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Quote from: Hell-raiser on April 23, 2018, 12:40:01 PM

Quote from: pitiflin on April 22, 2018, 06:00:09 PM

Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

Am I the only one who has such a feeling?

Your feeling sounds so weird to me. Or it is possible that I maybe super weird.
Either way,doesn't matter. We are not past the point of complete despair,infact we are not even close. This is possibly and most likely a very short bullish period. But if its not,then awesome.

Actually, I felt the same way in 2015, after Bitcoin made a few lows in January and February (like this year, lol). Then the price had been trading sideways for half a year or so, with another low in August, if I'm not mistaken. In September of that year, Bitcoin started to rise, and this rise with minor corrections continued till last December. Now we seem to be back in the sideway market, and thus it is kind of deja vu for me. That likely explains why I feel this way now. Basically, we had been there 3 years ago.

There are lots of fall in the prices in different times. I remember the price was reached to $5k then dropped to almost $2600 and then it grew slowly and reached to 4K is September and many people predict that it will reach to $5k till December, but we saw a huge boom in the price and it reached to $20k. Growth and fall are builten with bitcoin.

Hell-raiser

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Quote from: pitiflin on April 22, 2018, 06:00:09 PM

Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

Am I the only one who has such a feeling?

Your feeling sounds so weird to me. Or it is possible that I maybe super weird.
Either way,doesn't matter. We are not past the point of complete despair,infact we are not even close. This is possibly and most likely a very short bullish period. But if its not,then awesome.

Actually, I felt the same way in 2015, after Bitcoin made a few lows in January and February (like this year, lol). Then the price had been trading sideways for half a year or so, with another low in August, if I'm not mistaken. In September of that year, Bitcoin started to rise, and this rise with minor corrections continued till last December. Now we seem to be back in the sideway market, and thus it is kind of deja vu for me. That likely explains why I feel this way now. Basically, we had been there 3 years ago.

Altero

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We all been looking for such hype and the price increase that we are experiencing today's seems to be continued for few months. Even if we dump but I think it won't be the same just like January happenings, and definitely it will not happen again.

blitz18

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Growth in bitcoin is coming any moment now so most of us here are really waiting for the big rise to happen. Few monts time maybe so for those who hold are still in position because btc may rise and I am positive for it. For those that is not yet decided buy some and wait to increase more the bitcoin price.

bamboylee

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I think the same op. It has been a steady rise since last week and I think that is a good sign that we are about to enter the bull season. If nothing bad happens or any FUD news arise, this will continue to rise. It has been a long bear season and I am just glad that it is almost over. I think if it gets above 10K, it will start a new hype that will push the price higher.

pitiflin

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Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

Am I the only one who has such a feeling?

Your feeling sounds so weird to me. Or it is possible that I maybe super weird.
Either way,doesn't matter. We are not past the point of complete despair,infact we are not even close. This is possibly and most likely a very short bullish period. But if its not,then awesome.

hahahafr

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Quote from: Vannie12 on April 22, 2018, 05:23:03 PM

Growth will always have a place in such a great technology. There may be falls and drastic movements but we should always see it in a positive way. You did very well by buying while it was in a bit of a dip and I think watching for potentially good coins is one of the activities that would keep you busy to avoid worrying about BTC price.
I also think that bitcoin will start to grow again along with the good coins so do not let dips pass without getting in cryptos.

Bitcoin is starting to grow right now, the only thing that is hurting bitcoin and delaying the growth are those altcoins that are always increasing their % of marketcap. If there wouldn't be so many altcoins, maybe bitcoin would have more than 60% of dominance.

Vannie12

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Growth will always have a place in such a great technology. There may be falls and drastic movements but we should always see it in a positive way. You did very well by buying while it was in a bit of a dip and I think watching for potentially good coins is one of the activities that would keep you busy to avoid worrying about BTC price.
I also think that bitcoin will start to grow again along with the good coins so do not let dips pass without getting in cryptos.

Hell-raiser

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Quote from: talkbitcoin on April 20, 2018, 04:18:06 AM

growth is an ongoing thing. it does not have a start and end date so you can't say it is around the corner, instead you should say growth is already here.
and growth is not just about price constantly going up. it is about the adoption and the fact that there is a lot of money coming in and being invested in bitcoin even though the price may not show it at times.

The devil is in the detail. We surged to over 8k from below 7k due to someone injecting a decent amount of cash into Bitcoin. It took half an hour or so to accomplish the job. From my perspective, this can hardly be called a genuine growth. Since we are still trading at this mark (give or take a few hundred dollars), we basically continue to trade sideways as before when we were sticking around 6.6k. The real growth will begin when we start to make consistent increments every day (with minor corrections), not like it happened a week ago, with a sudden hike and then flatline again.

el kaka22

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Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

Am I the only one who has such a feeling?

You are not the only one feeling this bro but it was meant to be just feelings, I am sure we would have used our feelings to get bitcoin higher than the moon by now. However, the way some of the altcoins have been responding lately simply shows that new money is gradually entering the market and in situations like this, we may start seeing some of this altcoins being dropped to accumulate bitcoin and in this case, we may start seeing some uptrend gradually. Just my thoughts!

Quote from: gabmen on April 20, 2018, 06:59:27 AM

Even the decline of value from december's all time high can be considered growth since we're far from that price same time last year. Btc is growing there's no doubt about that and it's been a continous growth from 2010

Yes, we must accept that around $10k was the actual growth and expect value of bitcoin by end of 2017. But we reached up to $20k, it was due to hype and bubble. If we consider $10k as an actual growth then we are still in progressive mode over time.

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Quote from: talkbitcoin on April 20, 2018, 04:18:06 AM

growth is an ongoing thing. it does not have a start and end date so you can't say it is around the corner, instead you should say growth is already here.
and growth is not just about price constantly going up. it is about the adoption and the fact that there is a lot of money coming in and being invested in bitcoin even though the price may not show it at times.

Exactly. Even the decline of value from december's all time high can be considered growth since we're far from that price same time last year. Btc is growing there's no doubt about that and it's been a continous growth from 2010

talkbitcoin

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All I know is that I know nothing.

growth is an ongoing thing. it does not have a start and end date so you can't say it is around the corner, instead you should say growth is already here.
and growth is not just about price constantly going up. it is about the adoption and the fact that there is a lot of money coming in and being invested in bitcoin even though the price may not show it at times.

Hell-raiser

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Quote from: nightways on April 20, 2018, 02:42:04 AM

Quote from: lumeire on April 18, 2018, 09:10:32 AM

You gotta be careful with those feelings, because those are the ones that will cause you to make those unnecessary trades.

For instance, what's happening to the market right now might be a bull trap. Those feelings will lead you right into it.

Let him think positively, why you are making it negative. As he said he is optimistic now about Bitcoin and has left his old pessimistic thoughts about Bitcoin. So, it is a wrong attempt if spreading pessimistic and negative threats. I would suggest him to be more optimistic about the market as we have gone through these situations many times in the past and still as he said the wind is moving towards highness.

Honestly, it is unlikely that someone here can change my attitude, but market definitely can. When someone tries to prove something to me about future price action, I tell them to try proving that to the market first. Further, my current optimism is not about Bitcoin specifically, it is directed toward and focused more on the whole cryptomarket. Although I agree that Bitcoin growth is and will be the primary driving force which will take other cryptocurrencies ahead, it is still the cumulative positive attitude of all market participants which is driving prices up. Bitcoin price growth only proves how strong this change is or can be.

nightways

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Quote from: lumeire on April 18, 2018, 09:10:32 AM

You gotta be careful with those feelings, because those are the ones that will cause you to make those unnecessary trades.

For instance, what's happening to the market right now might be a bull trap. Those feelings will lead you right into it.

Let him think positively, why you are making it negative. As he said he is optimistic now about Bitcoin and has left his old pessimistic thoughts about Bitcoin. So, it is a wrong attempt if spreading pessimistic and negative threats. I would suggest him to be more optimistic about the market as we have gone through these situations many times in the past and still as he said the wind is moving towards highness.

Hell-raiser

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Quote from: jmlona on April 18, 2018, 06:06:51 PM

Agree with the first part, crypto has a use case and that will only grow and with it more and more people will realise the usefulness. As for DOGE not being a shitcoin, I can't argue too much with your points but for me that doesn't make it not a shitcoin Grin

You must have a very skewed and biased view then. Indeed, Dogecoin is cheap as dirt (and that's why it is popular in certain circles), but it has existed since 2014, while it is still alive and definitely kicking. I suspect there are quite a few other coins which you don't consider shitcoins but which hasn't been around for so long. Strictly speaking, I don't base my current optimism on doges, it just happened so their price action confirmed my anticipations about the whole cryptomarket (before other coins kicked in).

wuvdoll

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Quote from: Zenixin on April 18, 2018, 06:44:13 AM

Quote from: vintages on April 18, 2018, 04:43:35 AM

Even without much pump in the price of some cryptocurrency, I have always felt that growth would soon come. I didn't wait for a particular time to stock up my favorite coins, I took the opportunity immediately the price start dipping cause we don't know where the next turn of bitcoin will take us. Whenever I see reds in the market chart, I don't feel pessimistic but optimistic.

Being positive is the only thing we can do, especially if we cant do transactions due to the market dips, we are just waiting to do business again.

Well, do we really have any other choice than to just stay positive ?
One thing I have always known is that the market will never remain in a downtrend forever, and the only way to enjoy this market is always to accumulate at those dips as you cannot get it better than that.

I believe growth is hugely around the corner, the alts are beginning to make some attempts gradually, bitcoin is forming some pattern of consolidation after a huge growth within few hours, and with that, we may actually start seeing some good movement soon.

Hell-raiser

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Quote from: Supercrypt on April 19, 2018, 01:51:16 PM

Quote from: jmlona on April 17, 2018, 06:31:35 PM

There's a renewed sense of optimism in the market right now but still laced with much hesitation and precaution. The longer goes by without bitcoin falling further then the more optimism there will be. For that reason it's hard to disagree with what you're saying. However, using DOGE as a measure of when bitcoin will grow seems like a flawed approach. It's widely regarded as a shitcoin and seems to fluctuate quite randomly at times for no fundamental reason. If you could provide something solid to suggest DOGE price increases are a prerequisite to Bitcoin price increases then I will humbly take back my words.

Yeah, the optimism is gradually growing in the market and it is getting obvious that we may start seeing some good trend in the market very soon. It is about time anyway considering how the market always responds in moments like this. However, I expect bitcoin to enter some state of consolidation before we start seeing any major movement.

Nevertheless, taking a look at the altcoins, we will see the market is gradually coming back. I would not be too sure as the market is highly volatile and I always try to keep the other side in play no matter what until things become glaring.

I consider Dogecoin an excellent guiding star (so to speak) in this regard. It is an old, time-tested coin, and it perfectly reflects the market sentiment or change thereof. People use it mostly for things like arbitrage and online gambling, and when we see a continued interest toward this coin, it almost always has something to do with the whole market. Apart from that, I don't expect consolidation, I rather hope for a steady growth at least until 12k, where we will likely see huge resistance or sort of consolidation. Whether we break through it is another question, but anyways we should first get there.

Supercrypt

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Quote from: jmlona on April 17, 2018, 06:31:35 PM

There's a renewed sense of optimism in the market right now but still laced with much hesitation and precaution. The longer goes by without bitcoin falling further then the more optimism there will be. For that reason it's hard to disagree with what you're saying. However, using DOGE as a measure of when bitcoin will grow seems like a flawed approach. It's widely regarded as a shitcoin and seems to fluctuate quite randomly at times for no fundamental reason. If you could provide something solid to suggest DOGE price increases are a prerequisite to Bitcoin price increases then I will humbly take back my words.

Yeah, the optimism is gradually growing in the market and it is getting obvious that we may start seeing some good trend in the market very soon. It is about time anyway considering how the market always responds in moments like this. However, I expect bitcoin to enter some state of consolidation before we start seeing any major movement.

Nevertheless, taking a look at the altcoins, we will see the market is gradually coming back. I would not be too sure as the market is highly volatile and I always try to keep the other side in play no matter what until things become glaring.

fulmetal08larz

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Whatever happens, just be ready to take action. Plan ahead on your decisions and do not let your emotions affect your investment strategy in BTC. I agree in what you say that BTC is growing and it will only take a matter of time before we realize that it transcended to its full utilization which will likely affect the way we transact with our finances.

WaffleMaster

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Already seeing huge growth across everything personally. But I think it's only the beginning, as on the Bitcoin charts we are now shifting ABOVE the moving average on all charts which could mean we're finally done with the bear market downward channels and have now broken and risen above to see some good bull activity now.

Unplugged

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Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

I'd rather say that the market has adjusted to the FUD and massive dip but not completely recovered yet. The pricing has been clamped down to $7k but it increases bit by bit which shows a significant progress. If ever bitcoin's price breaks $9k in just a few weeks from today then we are set on a much greener charts.

Gaff

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Quote from: wildflower18 on April 19, 2018, 05:26:21 AM

Quote from: Dreamchaser21 on April 18, 2018, 06:43:44 PM

Quote from: lumeire on April 18, 2018, 09:10:32 AM

You gotta be careful with those feelings, because those are the ones that will cause you to make those unnecessary trades.

For instance, what's happening to the market right now might be a bull trap. Those feelings will lead you right into it.

You must really care this time because the price can drop easily, trade with your own analysis so you will not be lose much in the end of the day. I still hope that this is not a bull trap or what so ever, I wish for a full recovery of this market.

We don't know yet if it's bull trap but look the market now this moment is still on a slowly recovering. But I think were just near on the growth of bitcoin. However, the more demands the more speculation of price to increase could leads to be a successful trading.

The road to prosperity is not always smooth and not at high peak all the time. Bitcoin undergoes debacles and failures, making it substantial and invincible in continuing to support the needs of people and society. Bitcoin has passed through afflictions and a lot have hinder its growth affecting its value. Nevertheless, I strongly believe that growth happens if we encompass the significance of bitcoin, accept, and believe its potential.

btcrich2020

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Quote from: Dreamchaser21 on April 18, 2018, 06:43:44 PM

Quote from: lumeire on April 18, 2018, 09:10:32 AM

You gotta be careful with those feelings, because those are the ones that will cause you to make those unnecessary trades.

For instance, what's happening to the market right now might be a bull trap. Those feelings will lead you right into it.

You must really care this time because the price can drop easily, trade with your own analysis so you will not be lose much in the end of the day. I still hope that this is not a bull trap or what so ever, I wish for a full recovery of this market.

Exactly, because if it is a bull trap then those people will start dumping the coin those who bought the Bitcoin at 6000$. I hope the market is recovering and there is the huge chance for people who still, holding the Bitcoin for days. Don't look for short-term trades you need to face a lot of problems.

wildflower18

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Quote from: Dreamchaser21 on April 18, 2018, 06:43:44 PM

Quote from: lumeire on April 18, 2018, 09:10:32 AM

You gotta be careful with those feelings, because those are the ones that will cause you to make those unnecessary trades.

For instance, what's happening to the market right now might be a bull trap. Those feelings will lead you right into it.

You must really care this time because the price can drop easily, trade with your own analysis so you will not be lose much in the end of the day. I still hope that this is not a bull trap or what so ever, I wish for a full recovery of this market.

We don't know yet if it's bull trap but look the market now this moment is still on a slowly recovering. But I think were just near on the growth of bitcoin. However, the more demands the more speculation of price to increase could leads to be a successful trading.

Hell-raiser

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Quote from: richardsNY on April 18, 2018, 12:09:52 PM

Quote from: BillCoin on April 18, 2018, 07:32:00 AM

It's all about waves, all we need to do as fishes is to ride on the wave, you can't go against those whales who have massive amount of money and can easily manipulate the market.

People quite often consider manipulation to be a negative aspect, but it's not all that negative as people may think. In the same way whales manipulate the market, people here can profit as much or nearly as much as whales do, but without actually doing the initial manipulation, which is great.

Well, it is like saying that it is good to be successful in trading and bad not to be. Indeed, if you can follow the whales' steps pretty closely (or even be smart enough to anticipate their future actions in advance), then undoubtedly you will consider market manipulation as something very useful to you personally. But since market manipulation leads to people losing money in general (while manipulators earning off these losers), it is not what most people would like about crypto.

Bustart

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Quote from: thecodebear on April 18, 2018, 08:06:56 PM

I agree that the sentiment has shifted to being decidedly more positive. Back in January and February and a bit in March there were just massive negative news bombs hitting every week. Now the news is pretty much neutral and even starting to get a bit positive. And that $1100 gain last week in an hour certainly made people think positively.

There is still a chance this is another bull trap and it could slide to $4k-$5k by the summer before turning around (in which case I'm gonna start buying again!). Looking at a long view of the charts over the years it feels like it should slide down or sideways for a few more months before it actually starts to recover and head over $10k this Fall. But it feels like it'll move faster than that this year.

Anyway, growth is coming at some point this year.

It's hard to predict when the high and low in price may occur. Its volatility makes us feel nervous, thrilled, yet fun and exciting. Its growth can be achieved if we work together in aiming for quality service and life that would influence people and almost in all forms of sectors and society. Moreover, let growth starts in ourselves, be hunger for learning, and overcome your fears.

thecodebear

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I agree that the sentiment has shifted to being decidedly more positive. Back in January and February and a bit in March there were just massive negative news bombs hitting every week. Now the news is pretty much neutral and even starting to get a bit positive. And that $1100 gain last week in an hour certainly made people think positively.

There is still a chance this is another bull trap and it could slide to $4k-$5k by the summer before turning around (in which case I'm gonna start buying again!). Looking at a long view of the charts over the years it feels like it should slide down or sideways for a few more months before it actually starts to recover and head over $10k this Fall. But it feels like it'll move faster than that this year.

Anyway, growth is coming at some point this year.

Dreamchaser21

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Quote from: lumeire on April 18, 2018, 09:10:32 AM

You gotta be careful with those feelings, because those are the ones that will cause you to make those unnecessary trades.

For instance, what's happening to the market right now might be a bull trap. Those feelings will lead you right into it.

You must really care this time because the price can drop easily, trade with your own analysis so you will not be lose much in the end of the day. I still hope that this is not a bull trap or what so ever, I wish for a full recovery of this market.

magneto

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Quote from: BitHodler on April 18, 2018, 07:36:08 AM

It's difficult to call, but if we consider the $6000 bottom to be a safe haven, then we aren't all that far away from more growth that we will be going through. People just need to accept that it might be a much slower form of growth.

The problem with all the hype driven increases is that it never lasts very long. Hype has certain phases, and when it has completely faded away, regular demand can't sustain what hype demand created, so we fall from there.

The only thing I hope for is a slower but more sustainable growth development cycle. I don't care about how quick we can reach this or that level again, it has no use for me when we can't maintain it. We'll see what happens.

The problem is that we cannot say that the $6000 level is going to be support forever.

If 2014 can be of any reference, and I understand that adoption has increased a lot since then, etc. (but the general bull-bear market cycles should be around the same as 2014), the bear market in 2014-15 actually lasted for over a year before it finally hit the bottom and stabilised.

I don't think that we'll see as long of a bear market this time round due to the major institution players in the market now (Soros, Rothschild, etc.), but I don't think that there is any way this bear market finds the bottom in 3 months. Short term growth is here already, but it's not going to be sustained growth until we do find that bottom and start a slow recovery process.

jmlona

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Quote from: Hell-raiser on April 18, 2018, 02:35:53 AM

Quote from: jmlona on April 17, 2018, 06:31:35 PM

There's a renewed sense of optimism in the market right now but still laced with much hesitation and precaution. The longer goes by without bitcoin falling further then the more optimism there will be. For that reason it's hard to disagree with what you're saying. However, using DOGE as a measure of when bitcoin will grow seems like a flawed approach. It's widely regarded as a shitcoin and seems to fluctuate quite randomly at times for no fundamental reason. If you could provide something solid to suggest DOGE price increases are a prerequisite to Bitcoin price increases then I will humbly take back my words.

I'm judging from a point of view based on fundamentals. Indeed, crypto on the whole is mostly speculation but it still has application as a means of payment on the Internet, however small it could be. Many people understand that and when the dust finally settles, we may rightfully expect a surge of interest toward it again. It is a toy which you simply can't stop playing with for long. As for Dogecoin being a shitty coin, I can't possibly agree with that. From my perspective, Doge perfectly fits into its niche with its price about a few dozen satoshi which is good for things like arbitrage and gambling. In other words, you always know without a second thought where you stand exactly with your doges.

Agree with the first part, crypto has a use case and that will only grow and with it more and more people will realise the usefulness. As for DOGE not being a shitcoin, I can't argue too much with your points but for me that doesn't make it not a shitcoin Grin

Slow death

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Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

Am I the only one who has such a feeling?

the price has not increased much so that we still risk returning to $6000, just be optimistic after the price exceeds $10,000 because for now we are still close to $6000. I have read a lot of price forecasts in these last weeks and are very optimistic forecasts for the end of the year, as I intend to hold for years so these forecasts are well lives if they are to materialize.

I like to read these analyzes

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 16

osasshem

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Definitely, the price of bitcoin has slowly gotten stability recovering from the deep. And this will continue, but the fluctuations will continue, cause the next bull run will not come too soon (but for sure it is by the corner), due to the recovering from the deep of its price. The year is still too fresh to have an immediate rise in its price, the rise will go on in a gradual movement holding on stability but will not skyrock to the moon too soon.

RamonBTC

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Feeling might irrelevant for some, but most investors big or small we consider guts instincts as a good signs. I’m guilty with it. But I do balance it with data, fact news not fuds and trends then decide what is the best move to take.

We can’t blame those emotionally incline individuals that involve it in making judgement, we are emotionally attach on bitcoin in a manners we are the one can define. But don’t worry with that, we know our limitations as we observe and learn.

chickenado

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Quote from: Aikidoka on April 18, 2018, 12:36:34 PM

I believe that the main reason as to why the price of bitcoin rose was thanks to the Shariaa law's acceptance of bitcoin. They claim it to be halal. I think that is why the price grew. Added to that statement, the price will continue to grow if many investors invest in bitcoin and get rid of fear because bitcoin will not be replaced by another coin, and also if many governments recognize it. I hope bitcoin does not face any further obstacle.

Sounds good so far. Will that mean that many investors like from Shariaa will invest even more in bitcoin? If that's the case, the increase of price is getting better isn't it? Apparently, the growth is of course having minimal drops but not bad at all. It's good to know that there are still new comers try to invest without fears with bitcoin. If they continue being like that there's no problem to rise.

harizen

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Quote from: Aikidoka on April 18, 2018, 12:36:34 PM

I believe that the main reason as to why the price of bitcoin rose was thanks to the Shariaa law's acceptance of bitcoin. They claim it to be halal. I think that is why the price grew. Added to that statement, the price will continue to grow if many investors invest in bitcoin and get rid of fear because bitcoin will not be replaced by another coin, and also if many governments recognize it. I hope bitcoin does not face any further obstacle.

There are lots of factors that can be looked why there is an increase (or should I say that triggers the start of the recent price increase after sitting at $6,000 price level and idle there) and you can see some of them via your favorite search engine platform. We can't actually pinpoint the reason because diffent traders have different market reaction on different news.

Quote from: lumeire on April 18, 2018, 09:10:32 AM

You gotta be careful with those feelings, because those are the ones that will cause you to make those unnecessary trades.

For instance, what's happening to the market right now might be a bull trap. Those feelings will lead you right into it.

Still way better than feeling on being on a bear trap. If anyone want to do a new entry, disregard the bull trap rather than regret later. Im not expecting even lowered than $5,000 so it's their to wait for more dip or regret.

And besides if a person really understand the risks, then they will understand how to deal with either bull or bear trap.

Aikidoka

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I believe that the main reason as to why the price of bitcoin rose was thanks to the Shariaa law's acceptance of bitcoin. They claim it to be halal. I think that is why the price grew. Added to that statement, the price will continue to grow if many investors invest in bitcoin and get rid of fear because bitcoin will not be replaced by another coin, and also if many governments recognize it. I hope bitcoin does not face any further obstacle.

richardsNY

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Quote from: BillCoin on April 18, 2018, 07:32:00 AM

It's all about waves, all we need to do as fishes is to ride on the wave, you can't go against those whales who have massive amount of money and can easily manipulate the market.

People quite often consider manipulation to be a negative aspect, but it's not all that negative as people may think. In the same way whales manipulate the market, people here can profit as much or nearly as much as whales do, but without actually doing the initial manipulation, which is great. On the other hand, if people don't understand even the basics of trading, they surely won't be able to benefit from the manipulation, or as you say, ride the waves. Most people here are simple minded when it comes to the market, where everything that happens is either a negative or positive event, there is no mid-way. Don't think it will ever change, but it seems to be part of every developing market, so we have to accept it I guess.

Beparanf

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Quote from: lumeire on April 18, 2018, 09:10:32 AM

You gotta be careful with those feelings, because those are the ones that will cause you to make those unnecessary trades.

For instance, what's happening to the market right now might be a bull trap. Those feelings will lead you right into it.

It is same with panic selling when it dips and when it arise too, we get too excited to sell it even there are more chances that we can still earn from it, regret will just soon to happen when the market started to make a bull run and you didn't afford to join because you sold it already, Always think before making any actions in crypto.

1Referee

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Quote from: LFC_Bitcoin on April 18, 2018, 07:18:47 AM

I’d like to hope we’ve already seen the low for 2018 but every time I think we’re gaining momentum some asshole dunps a shit load back onto the market.

Hoping for the best but prepared for another shit storm.

I know what you mean. For a long time an artificial selling force consistently kept dumping the market down with the same number of coins, all to keep the price below a certain point, which all indicates that whatever group of whales it was, accumulation wasn't yet completed. Your skepticism in this case is well justified; I was quite skeptical as well initially, and I still am to a certain extent, but my confidence is increasing bit by bit.

The main thing in the short term market is to make sure your expectations are as low as possible, where in case the market falls back down, you already accepted it and thus there is nothing to be disappointed about. It's an important factor making or breaking most of the people here, especially the late 2017 early 2018 'investors'; they are the ones who have experienced the best and at the same time the worst of this market, and that in just a matter of months. Those who end up learning from what they went through will eventually become stronger holders, that I am sure of. It's all learning what we do here, even for the most experienced geeks here.

lumeire

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You gotta be careful with those feelings, because those are the ones that will cause you to make those unnecessary trades.

For instance, what's happening to the market right now might be a bull trap. Those feelings will lead you right into it.

Hell-raiser

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Quote from: BitHodler on April 18, 2018, 07:36:08 AM

It's difficult to call, but if we consider the $6000 bottom to be a safe haven, then we aren't all that far away from more growth that we will be going through. People just need to accept that it might be a much slower form of growth.

The problem with all the hype driven increases is that it never lasts very long. Hype has certain phases, and when it has completely faded away, regular demand can't sustain what hype demand created, so we fall from there.

Long-term growth in the way you mean it is only possible with the expansion of cryptocurrencies into real life. We are still very far from that, whether anyone likes it or not. But it doesn't mean we won't see any appreciable growth in the coming months. As I already said, even if real use is small, this use is real, so to speak. And that's enough for the expansion of crypto at least in the minds of people. It is a curvy road to general and universal acceptance and recognition of crypto but we are well on the way there.

semobo

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If we compare the bitcoin growth rate year by uear it attains great growth guys so we have to be positive and let's hope for the brighter bitcoin future.The price will recover sooner or later in this year because the market become too unpredictable now.

BitHodler

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It's difficult to call, but if we consider the $6000 bottom to be a safe haven, then we aren't all that far away from more growth that we will be going through. People just need to accept that it might be a much slower form of growth.

The problem with all the hype driven increases is that it never lasts very long. Hype has certain phases, and when it has completely faded away, regular demand can't sustain what hype demand created, so we fall from there.

The only thing I hope for is a slower but more sustainable growth development cycle. I don't care about how quick we can reach this or that level again, it has no use for me when we can't maintain it. We'll see what happens.

BillCoin

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Quote from: LFC_Bitcoin on April 18, 2018, 07:18:47 AM

I’d like to hope we’ve already seen the low for 2018 but every time I think we’re gaining momentum some asshole dunps a shit load back onto the market.

Hoping for the best but prepared for another shit storm.

Some "ass holes" are you mad?
The whole idea about the marketplace is that it is free, when you profit someone loses and also the opposite, the people who "dumps" are probably getting massive gains as other people loses.

It's all about waves, all we need to do as fishes is to ride on the wave, you can't go against those whales who have massive amount of money and can easily manipulate the market.

Pursuer

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Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change.

the market sentiment may be changing but I wouldn't make that conclusion based on the fact that some altcoin made some rise. if you check the altcoin charts you will see that this is a pretty common thing that altcoins get pumped regardless of what is happening in the market in general. we may be in a bear market or a bull market and still some altcoins do whatever they want. that is why it is called a pump and dump market.

LFC_Bitcoin

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I’d like to hope we’ve already seen the low for 2018 but every time I think we’re gaining momentum some asshole dunps a shit load back onto the market.

Hoping for the best but prepared for another shit storm.

Zenixin

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Quote from: vintages on April 18, 2018, 04:43:35 AM

Even without much pump in the price of some cryptocurrency, I have always felt that growth would soon come. I didn't wait for a particular time to stock up my favorite coins, I took the opportunity immediately the price start dipping cause we don't know where the next turn of bitcoin will take us. Whenever I see reds in the market chart, I don't feel pessimistic but optimistic.

Being positive is the only thing we can do, especially if we cant do transactions due to the market dips, we are just waiting to do business again.

Hell-raiser

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Quote from: figmentofmyass on April 17, 2018, 06:53:14 PM

Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner.

it depends what time frame you're talking about. a price chart = cycles within cycles within cycles. which cycle do you mean? are you sure we felt true despair---the ultimate bottom, like 2015? maybe we just felt short-term despair.

Actually, I'm not thinking in terms of cycles whichever "cycles within cycles" you may mean. I just have a feeling that the market sentiment, which has been negative for the last three months, is going to change to the better. You can call that a gut feeling or whatever, and if it counts as some sort of cycle, then so be it. Though it doesn't mean that I can't be wrong, of course. Just another whale like the one from Mt. Gox choosing to cash out, and we may crash below $5k as fast as we rose to $8k recently.

Quote from: figmentofmyass on April 17, 2018, 06:53:14 PM

consider how market psychology works. let's assume the recent wave of optimism is correct and $6425 was a major bottom. based on BTC's past bubbles, we could now bounce to $15000 or higher and still be in a bearish market. if that happens, lots of bulls will be trapped and we could see another downtrend similar to Q1 2018. maybe that will bring true despair.....or not.

I don't think you can distinguish between a true despair and a false one.

vintages

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Even without much pump in the price of some cryptocurrency, I have always felt that growth would soon come. I didn't wait for a particular time to stock up my favorite coins, I took the opportunity immediately the price start dipping cause we don't know where the next turn of bitcoin will take us. Whenever I see reds in the market chart, I don't feel pessimistic but optimistic.

Hell-raiser

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Quote from: jmlona on April 17, 2018, 06:31:35 PM

There's a renewed sense of optimism in the market right now but still laced with much hesitation and precaution. The longer goes by without bitcoin falling further then the more optimism there will be. For that reason it's hard to disagree with what you're saying. However, using DOGE as a measure of when bitcoin will grow seems like a flawed approach. It's widely regarded as a shitcoin and seems to fluctuate quite randomly at times for no fundamental reason. If you could provide something solid to suggest DOGE price increases are a prerequisite to Bitcoin price increases then I will humbly take back my words.

I'm judging from a point of view based on fundamentals. Indeed, crypto on the whole is mostly speculation but it still has application as a means of payment on the Internet, however small it could be. Many people understand that and when the dust finally settles, we may rightfully expect a surge of interest toward it again. It is a toy which you simply can't stop playing with for long. As for Dogecoin being a shitty coin, I can't possibly agree with that. From my perspective, Doge perfectly fits into its niche with its price about a few dozen satoshi which is good for things like arbitrage and gambling. In other words, you always know without a second thought where you stand exactly with your doges.

laluna24

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Quote from: Altcoins enthusiast on April 18, 2018, 12:28:19 AM

Definitely bitcoin and altcoins is about to grow again and now give us another opportunity to join the next bullish push. Many of us has not come to terms that bitcoin has been fighting a good fight for the past three months and if the issues we are currently facing all over the world is over then we are going to resume another upward movement.

This is absolutely the movement of bitcoin that somehow at this point it is slowly on a green marks. Apparently, we've waiting for the bullish market to continue but as the usual it takes time to reaches a totally growth in these trend. So our positivity may gives us a signs that growth is in nearing months.

Altcoins enthusiast

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Definitely bitcoin and altcoins is about to grow again and now give us another opportunity to join the next bullish push. Many of us has not come to terms that bitcoin has been fighting a good fight for the past three months and if the issues we are currently facing all over the world is over then we are going to resume another upward movement.

Herbert2020

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it is not just "a feeling" we have seen evidence that the drop has slowed down significantly and then reached the bottom buy support which was so much stronger than the amount that was dumped into. i don't say drop is impossible now but the evidence suggests that it is over for now and there is no indication of any more of it.

as for the growth, i think it is around the corner but the corner is a little far because it is way too soon to see a big rise. the transition from a bear market to a bull market is not something that can happen overnight. it will take time.

magneto

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Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

The biggest dumps are already in the past for this bear market, in my opinion. The big fall was $20k to 10k and the markets have definitely stabilised a lot after that. Right now, we're in a short term uptrend, which could last some longer.

Even though the biggest dumps are over, I think the price may continue to dip below past bottoms in the next few months.

Price growth of BTC will happen sooner or later. I don't expect it to be "just around the corner", but this bear market shouldn't last for more than the end of 2018, and 2019 will be a pretty bullish year as we establish a bottom and undergo a major recovery. Then, I believe that the bull market will come in either 2020 or 2021 due to the halving event, which always creates hype.

KorakPawon

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indeed for the next few days the price is so down, but we must remain optimistic with the events of today, we must still believe the next few days there will be good news with the development of bitcoin prices are rising, the price decline like this is reasonable to say only too long if judging from the price wektu fall, not only us but bitcoin users around the world who hope prices will recover quickly.

timerland

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Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

Currently, the price is floating around $8k. The resistance is still there.

The pump was indeed very powerful and did wonders to change the market sentiment after that huge 20% jump in price at the start of the pump. I think that after we consolidate at $7.5k, we may actually go up to $9k+ in the short term.

I wouldn't say that the market sentiment has completely swung in favor of the bulls yet. We're still in a bear market, and there is very little prospect of hitting a new all time high this year. Overall, I just don't see that much momentum to push prices up right now,even though this pump has happened. However, I do see prices start to slowly make its way up at the end of the year, near November-December when the markets are historically very bullish.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner.

it depends what time frame you're talking about. a price chart = cycles within cycles within cycles. which cycle do you mean? are you sure we felt true despair---the ultimate bottom, like 2015? maybe we just felt short-term despair.

i get the feeling a lot of the renewed optimism is from folks who didn't experience Q1 2014.

consider how market psychology works. let's assume the recent wave of optimism is correct and $6425 was a major bottom. based on BTC's past bubbles, we could now bounce to $15000 or higher and still be in a bearish market. if that happens, lots of bulls will be trapped and we could see another downtrend similar to Q1 2018. maybe that will bring true despair.....or not.

keep an open mind. that's all i'm saying. this doesn't have to look like 2014, but we have seen multi-year bear markets before. don't just assume this one is over in a few months because "it's different this time." Tongue

peter0425

sr. member

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Quote from: Hell-raiser on April 17, 2018, 03:29:31 PM

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

Last night I was looking at my Dogecoin investment and thinking of dumping everything or moving to Litecoin. Or just deposit it in a gambling site and play with it. But I decided not to because I'm thinking as well that we might see a change of sentiments from crypto investors.

Who wouldn't be pessimistic as almost all of the crypto's plummeted although I have exited in time specially Ethereum and take a lot of profits. But I'm still not giving hope as you do and we might see that the market can withstand everything and can make full recovery starting this month.

jmlona

member

Activity: 279

Merit: 16

There's a renewed sense of optimism in the market right now but still laced with much hesitation and precaution. The longer goes by without bitcoin falling further then the more optimism there will be. For that reason it's hard to disagree with what you're saying. However, using DOGE as a measure of when bitcoin will grow seems like a flawed approach. It's widely regarded as a shitcoin and seems to fluctuate quite randomly at times for no fundamental reason. If you could provide something solid to suggest DOGE price increases are a prerequisite to Bitcoin price increases then I will humbly take back my words.

Rozita

full member

Activity: 658

Merit: 108

It is what is shown in charts. The price was falling sharply. After rising to 8000 dollar, there is a strong resistance which don't let the price to fall. Also there is no FUD now.
Many people had believed that the price will rise again. But the time of rising wasn't known. I think the time of price rise is coming.

Hell-raiser

sr. member

Activity: 462

Merit: 515

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

Topic: Growth may be just around the corner? (Read 625 times)