Is bitcoin bearish or bullish - page 4.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

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Quote from: BIN-BIN on September 03, 2019, 02:39:57 AM

With this slow and staggering price movement do you think bitcoin will reach $100,000 in the next few years as predicted by some analysts.

Historically Bitcoin had slow movements and fast movements. Actually Bitcoin price is known to be highly volatile.
So if you think that you've found a pattern, I don't think so. It's clearly far from linear.

And he fact it had a nice jump these days, it doesn't really give much of a clue of what will it do tomorrow.

Overall, imho Bitcoin (price) is bullish. And it will be still "overall bullish" even if, for example, it'll fall to 4000$ tomorrow (!). Just because (imho) sooner or later it'll recover and go even higher.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

I think it is more about bitmex people removing their orders (or adding, I am not sure) instead of just one guy Grin

.

I mean surely he did had some affect on it but considering it was just in minutes and the biggest movement was in bitmex and surroundings about how bitcoin was going down, I wouldn't be shocked that the power of bitmex and leverage trading still has over bitcoin price.

We have to find a way to stop their manipulation power somehow, it is not acceptable that just bitmex itself can decide what the price will be, when I say bitmex I don't mean the website itself or the owners, I mean the users. Those whales just make money from manipulation and they collectively decide on something and suddenly the price goes wherever they decide and we can't continue like that forever.

antisocial77

jr. member

Activity: 378

Merit: 4

Its bullish since around 3k.corrections doesnt mean its bearish, ofcourse there will be corrections after huge climb.my thought is big move (up or down) will be in a month.

joelsamuya

member

Activity: 532

Merit: 41

https://emirex.com

Quote from: BIN-BIN on September 03, 2019, 02:39:57 AM

In the last 24 hours bitcoin have gain some amount of increase in it price, as at this time bitcoin is sitting at $10,349 and slowly gaining momentum to reach $11,000. With this slow and staggering price movement do you think bitcoin will reach $100,000 in the next few years as predicted by some analysts.
What is you take on this and also follow the link below to see the views of other investors and they stand.
https://zycrypto.com/bitcoin-is-medium-term-bearish-and-wont-see-100000-in-the-next-few-years-analyst/

Personally, I am bullish on Bitcoin in general. However, with the way things are happening these days I think it can take a lot of time before Bitcoin can be able to reach the $100K level. And based on 2017, it is not good for Bitcoin to shoot up into the moon like a rocket because doing so can mean there is a bigger risk it can fall from the sky with a big bang. Slow but sure growth can be what I am preferring. Overall the market is actually good as we are heading towards the end of 2019 and ushering the new year.

StonerStanley

sr. member

Activity: 535

Merit: 267

Depending of the concurrency and investors, the developpment, the people, bitcoin could reach $100,000 or $100.

Nobody can know. A lot of things will happen between today and the "next few years".

If bitcoin reach $50,000 in few years (2 or 3) it's already a lot.

BIN-BIN

member

Activity: 504

Merit: 57

In the last 24 hours bitcoin have gain some amount of increase in it price, as at this time bitcoin is sitting at $10,349 and slowly gaining momentum to reach $11,000. With this slow and staggering price movement do you think bitcoin will reach $100,000 in the next few years as predicted by some analysts.
What is you take on this and also follow the link below to see the views of other investors and they stand.
https://zycrypto.com/bitcoin-is-medium-term-bearish-and-wont-see-100000-in-the-next-few-years-analyst/

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