I expect the market to be in green throughout this month. - page 3.

Whosdaddy

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Quote from: MetalGear on February 16, 2019, 06:29:32 AM

I still keep on expecting for the green market especially in the year 2018 where I totally keep on expecting that market will recover and we can gain again. It's hard to see that if the market will become green in this month because every seconds, minutes and hours the color of market changed and it is totally normal.

I myself the victim of previous market crash, but still holding all my coins in hope that the market will very soon recover.

After the 2019 has started my hopes now increase too much. In fact I do not want to sell the bitcoin I have and conform the lost. I will continue holding my bitcoin tell the price will recover and will reach to $20k. I hope that time is now not too much far when we will see bitcoin price trading above 2000 Dollar.

Dreamchaser21

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Quote from: Idrisu on February 10, 2019, 09:54:35 AM

When I read this news three days ago: https://www.rollcall.com/news/congress/the-future-holds-cryptocurrency-based-funds-says-secs-jackson. But since then market reacted a little and everything is now in red today. I think investors and traders are still waiting for more clearly news to come out before pump the market.

Its happening for days now and I'm happy that bitcoin and eth was on the green candle again. Hopefully they can able to pump until the end of the month. So much expectation in this market since the bear trend and this kind of pump will give another hope. I look forward for a more green candles with a small dump.

Clark05

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This month of february when the investor are really waiting only the sign or good news so they will be able to invest again their money to the bitcoin. But not only waiting we need to pump the market we need to people who buy bitcoin again.

BrewMaster

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Quote from: STT on February 17, 2019, 05:54:58 PM

Its not a rumour, its set in the protocol as a certainity afaik. Its pretty widely followed or known about, I'm not sure if thats the reason why it could be an influence now but possibly. I would have guessed if the next block reward halves in May 2020 then that effect of anticipation before the news does not occur until Jan 2020 but hard to say. We have a different arrangement of people in the Bitcoin userbase from last time block reward halved so it wont repeat exactly

If I google halvening I get as an answer: ETA 461D,17h,59m,30s
So its a while yet but visible on the horizon Cool

it will happen exactly the same as the past two times because of a couple of reasons. most importantly the fact that the current very long bear market is going to make bitcoin ready for that kind of launch to the moon but also the fact that people are becoming accustomed to following certain patterns even if they are not real patters! as long as they believe in them, they will happen. like the long bear market which should not have happened but it did because people kept pushing for repetition of 2014.

marcbitcoins

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The market gain a little steady for this month of February but still this is not the green that what we are looling for. We are all hoping for a healthy fast run for the market movement towards prosperity but still it is too early to conclude as we need to see first of some of the development results if it will favor the market or not after the implementation.

STT

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Its not a rumour, its set in the protocol as a certainity afaik. Its pretty widely followed or known about, I'm not sure if thats the reason why it could be an influence now but possibly. I would have guessed if the next block reward halves in May 2020 then that effect of anticipation before the news does not occur until Jan 2020 but hard to say. We have a different arrangement of people in the Bitcoin userbase from last time block reward halved so it wont repeat exactly

If I google halvening I get as an answer: ETA 461D,17h,59m,30s
So its a while yet but visible on the horizon Cool

susuberuang

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Quote from: gabmen on February 17, 2019, 10:56:23 AM

Quote from: fourpiece on February 17, 2019, 02:57:10 AM

I do expect that this entire year is a bullish year of cryptocurrency. Weve been through hard times especially last year which is i think the worst, and this year might be the best.

Lol. The market is green but there's hardly any significant growth dude. And so far, it's anything but bullish. I hope your right about the rest of the year but it's likely that this trend will be stretched at least for the first quarter.

I don't think that is the only effect on the price increase at the exchange this month, you have to know that there are rumors of bitcoin halving day that will occur in 2020 so it is possible that many investors have started to buy bitcoin again to prepare to withdraw profits when the bitcoin day halving occurs.

gabmen

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Quote from: fourpiece on February 17, 2019, 02:57:10 AM

I do expect that this entire year is a bullish year of cryptocurrency. Weve been through hard times especially last year which is i think the worst, and this year might be the best.

Lol. The market is green but there's hardly any significant growth dude. And so far, it's anything but bullish. I hope your right about the rest of the year but it's likely that this trend will be stretched at least for the first quarter.

fourpiece

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I do expect that this entire year is a bullish year of cryptocurrency. Weve been through hard times especially last year which is i think the worst, and this year might be the best.

magneto

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I don't expect markets to be going into recovery mode yet. As I've said before, I fully expect sideways movement to be the dominant price action in the first half of the year.

To be honest, I think that we're still a long way off from the real recovery coming. The article that you cited may have some substance to it but these small articles aren't going to hype anything up, or trigger the market to go into FOMO like it did in 2017. We are simply still not in that stage at the moment.

Having said that though, I do think that we are in the zone for accumulation, and right now averaging out your buy orders will be the way to go.

deisik

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Quote from: buwaytress on February 16, 2019, 11:18:05 AM

Quote from: deisik on February 16, 2019, 05:02:23 AM

It is a vicious circle of sorts

As soon as Bitcoin prices stabilize in a tight range for some time (which could increase the possibility of ETF approval), someone with deep pockets comes and moves the prices like 20-30% a day (either up or down), and then we are instantly back in the loop

On the other hand, the SEC itself as a board of highly experienced and likely as corrupt people may not be interested in doing anything apart from doing everything to keep things where they are. In other words, the SEC accuses Bitcoin markets for being highly manipulative but they themselves may be abusing it

Not as vicious as the cycle of price we've now seen Bitcoin go through at least 4 or 5 times now. Yes, all the early days prior to Mt Gox should be discarded. Yes, even volumes and numbers of different individual traders should be counted. Yes, these months of stable periods should be looked at. But all this has been witnessed before, at different scales

And what's vicious in these cycles?

As they are not particularly different from commodities. For example, crude oil went from 140 dollars per barrel down to 25 dollars over a few years, but the SEC doesn't seem to be bothered with ETF's tracking the price of crude oil. In other words, we may need more stable growth (and decline, for that matter) if we want to please the commissioners provided they want to be pleased in the first place. But I think they are more than happy with how things are presently (i.e. neither here nor there)

buwaytress

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Quote from: deisik on February 16, 2019, 05:02:23 AM

It is a vicious circle of sorts

As soon as Bitcoin prices stabilize in a tight range for some time (which could increase the possibility of ETF approval), someone with deep pockets comes and moves the prices like 20-30% a day (either up or down), and then we are instantly back in the loop

On the other hand, the SEC itself as a board of highly experienced and likely as corrupt people may not be interested in doing anything apart from doing everything to keep things where they are. In other words, the SEC accuses Bitcoin markets for being highly manipulative but they themselves may be abusing it

Not as vicious as the cycle of price we've now seen Bitcoin go through at least 4 or 5 times now. Yes, all the early days prior to Mt Gox should be discarded. Yes, even volumes and numbers of different individual traders should be counted. Yes, these months of stable periods should be looked at. But all this has been witnessed before, at different scales.

So widen the timeframes and we realise these up/down spikes are mere blips in the bigger cycle. I think SEC is a regular blip in that big cycle too.

deisik

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Quote from: wuvdoll on February 16, 2019, 08:38:59 AM

Hence, good news is usually a great thing to be prepared for since it really moves the price higher but it is almost always too late if you read the good news and not reacted already

It is even worse than that

The "news" is typically already priced in before it even appears. This process is known as taking advantage of the insider information. Needless to say that this practice is almost universally considered illegal, but when money talks no one cares which grammar it uses

So if it ever comes to ETF approval, you can be damn sure people close to SEC commissioners will be buying frantically before the news hits the tabloids. If you are not one of them, though, you will always be a little too late to the party enjoying yourself with leftovers only

wuvdoll

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Because, good news usually affect the market more than the bad news. When SEC was in government shutdown and the EFT got withdrawn because of it, we didn't see a large drop in price, hell we didn't even see any increase in the price at all.

Nevertheless, if ETF was accepted and approved you can be damn sure that the price would have gotten higher. That is why people wait for a good news, usually they are almost always late because someone learns about it and shares it on twitter and then it moves from there to everywhere but until it reaches the regular user all the hardcore followers already bought at the bottom. Or people who already invested takes advantage of it.

Hence, good news is usually a great thing to be prepared for since it really moves the price higher but it is almost always too late if you read the good news and not reacted already.

bitbunnny

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I'm still not very optimistic about the market going green. Recently we've seen some slight price rise but that still doesn't mean anything and it isn't sign of price recovery. Many are disappointed by now because they were expecting that 2019 will be the year of new rise up for Bitcoin but so far that hasn't happened. You can't push the market in the willing direction and to my opinion the price will stay in the current range for a while.

MetalGear

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I still keep on expecting for the green market especially in the year 2018 where I totally keep on expecting that market will recover and we can gain again. It's hard to see that if the market will become green in this month because every seconds, minutes and hours the color of market changed and it is totally normal.

deisik

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Quote from: Slow death on February 15, 2019, 04:59:43 PM

Quote from: Idrisu on February 10, 2019, 09:54:35 AM

When I read this news three days ago: https://www.rollcall.com/news/congress/the-future-holds-cryptocurrency-based-funds-says-secs-jackson. But since then market reacted a little and everything is now in red today. I think investors and traders are still waiting for more clearly news to come out before pump the market.

this is a time when people should take a deep breath and forget ETF and BAKKT for some time, this will help people not create high expectations on ETFs because if the SEC reject these ETFs, people will be disappointed. One of the reasons why people no longer get anxious about this type of news is because they know that regulators are not going to approve things like ETF, on the contrary they are gaining more time to see how the crypto market will be, if somehow the crypto market will satisfy the requirements that they establish

It is a vicious circle of sorts

As soon as Bitcoin prices stabilize in a tight range for some time (which could increase the possibility of ETF approval), someone with deep pockets comes and moves the prices like 20-30% a day (either up or down), and then we are instantly back in the loop

On the other hand, the SEC itself as a board of highly experienced and likely as corrupt people may not be interested in doing anything apart from doing everything to keep things where they are. In other words, the SEC accuses Bitcoin markets for being highly manipulative but they themselves may be abusing it

Question123

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Other people wait for the news so that they will able to invest their money. But they want good news not bad news because if they only see the bad news they will have doubt in their mind and maybe they did not invest their money to the crypto anymore. This month is really nice to see the market turn to green again because for sure if all people and all news positive market will increase fast.

Slow death

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Quote from: Idrisu on February 10, 2019, 09:54:35 AM

When I read this news three days ago: https://www.rollcall.com/news/congress/the-future-holds-cryptocurrency-based-funds-says-secs-jackson. But since then market reacted a little and everything is now in red today. I think investors and traders are still waiting for more clearly news to come out before pump the market.

this is a time when people should take a deep breath and forget ETF and BAKKT for some time, this will help people not create high expectations on ETFs because if the SEC reject these ETFs, people will be disappointed. One of the reasons why people no longer get anxious about this type of news is because they know that regulators are not going to approve things like ETF, on the contrary they are gaining more time to see how the crypto market will be, if somehow the crypto market will satisfy the requirements that they establish

deisik

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Quote from: thecodebear on February 13, 2019, 05:51:48 PM

Quote from: deisik on February 13, 2019, 05:03:25 AM

Quote from: thecodebear on February 11, 2019, 02:16:22 PM

Quote from: BrewMaster on February 10, 2019, 10:38:23 AM

and don't forget that bitcoin has never stayed low this long, this is a record in both length and size of the drop.

Neither of those things are true.

The last crash was significantly longer than how long this one has been so far. If we pass October and the price still hasn't come up from the 3000s bottom then it will be the longest, but we're a good 8 months away from that now. That's if you're talking about the entire duration between bull markets. If you are just saying how long it stayed at the bottom of the market, we're only 3 months in now, in 2015 it spent some 9 months at the bottom, so again not even close to a record.

And the size of this drop is just normal, not a record either. So far I believe it's actually slightly less than the last crash, while at least one early crash dropped by over 90% so this isn't close so far

Technically, you may be right after all

If we use such broad metrics as duration and scale of the drop. But I think we should pay closer attention to details, i.e. how market performs. If you do, you will start to notice major differences between now and then In 2015 there was a lot of both demand and supply so the market was alive. Today it looks mostly dead, apart from irregular and sporadic bursts of activity, up to a point where we can call them convulsions and agony

I really don't see what you're talking about. Sure in 2015 Bitcoin made two attempts to break out over the course of 8 or 9 months, rising from low 200s to 300 twice, but we're only 3 months into the current bottom, and its not like there is some rule that the bottom needs to include 50% gain failed breakouts. And it is naturally to expect volatility to be less because volatility has and will continue to go down over time in the long term. The market is 15x bigger than it was in 2015, a bigger beast is harder to move

It was not from low 200's

As it was more about low 150's (which was in February of that year) and 450's (which was in November). As you can see, the price rose almost 3 times in the span of 9 months, which should now be rising from 3k to 9k to look similar. It's unlikely we are going to see such prices in the coming months (though everything is possible, of course)

Regarding market size and trading volumes, you are obviously making a typical mistake by looking at USD volumes while you should actually look at BTC volumes if you want to make correct comparisons how markets perform now and how they performed back in 2015

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