Is the hype starting? - page 4. | Bitcointalksearch.org

supermine

hero member

Activity: 826

Merit: 518

Quote from: aoluain on September 16, 2018, 05:22:43 AM

According to this report, which im sure there are a few, it speculates we
could be at the start of an end of year surge in bitcoin value. This is of
course bast on historical events but we all should be aware that past
events should not be used as a future prediction.

https://www.cryptoglobe.com/latest/2018/09/bitcoin-may-surge-in-the-last-quarter-of-this-year-seasonality-chart-shows/

In my opinion this report and others to follow no doubt will fuel the
speculation to end 2018 on a high.

There is no hype in this year other than the ETF speculation but the prices were went to its original position of $6000 soon when it bumped over $8000 over a month ago after that it is just swinging in its range there is no activity found which can create the hype on the crypto currency market so this looks constant and tiring period for crypto currencies and all the investors by seeing the bumps and dumps for months.

TravelMug

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Quote from: Fuhre on September 16, 2018, 11:24:01 AM

The price is very much playing now because we are not too confident in the current hype that might be a trap for the next few days, it is very wrong to see last year's picture suitable with the current conditions of course very different, from every psychological person to change not with last year's thinking , everything here just speculates to predict a market that is really unpredictable, remains low and believes that we will find a good point in the next few months.

We can't really denial that at this stage, there's no all-time-highs, no bull runs. The moment we accepted that premise, the better we can prepare ourselves and make the necessary adjustments.

Yes, its really hard to predict where the price is going, imagine in matter of minutes billions of dollars can be wipeout instantly without any warnings. So fore me, there's no hype coming, the ETF hype has died down and I already say to myself that it won't be the news that will turn this market around. I rather see a stable price around $6K rather than another bubble.

Fuhre

full member

Activity: 644

Merit: 107

The price is very much playing now because we are not too confident in the current hype that might be a trap for the next few days, it is very wrong to see last year's picture suitable with the current conditions of course very different, from every psychological person to change not with last year's thinking , everything here just speculates to predict a market that is really unpredictable, remains low and believes that we will find a good point in the next few months.

Binugon

jr. member

Activity: 182

Merit: 1

Quote from: aoluain on September 16, 2018, 05:22:43 AM

According to this report, which im sure there are a few, it speculates we
could be at the start of an end of year surge in bitcoin value. This is of
course bast on historical events but we all should be aware that past
events should not be used as a future prediction.

https://www.cryptoglobe.com/latest/2018/09/bitcoin-may-surge-in-the-last-quarter-of-this-year-seasonality-chart-shows/

In my opinion this report and others to follow no doubt will fuel the
speculation to end 2018 on a high.

Bitcoin prices dropped because of the huge hype and false expectations made by traders and researchers that affected the market overreacting to the delay in approval of the Vaneck-solidx Bitcoin ETF, a scenario directly or indirectly influenced by the US SEC decision that caused the Bitcoin price to fall

Xavofat

hero member

Activity: 938

Merit: 559

Did you see that ludicrous display last night?

Quote from: aoluain on September 16, 2018, 05:22:43 AM

but we all should be aware that past
events should not be used as a future prediction.

I totally agree that past events shouldn't be considered an effective means of predicting the future, but you don't seem to be applying that principle to your writing here, nor do others in the thread.

The whole article seems to be basing itself on the idea that if it just claims that seasonality is a thing and enough people see it, they'll believe it and it'll become true. It seems to just be a self-fulfilling prophecy.

At the moment, Bitcoin seems to be in the midst of a settling down phase. Wild speculation could be quite harmful to that.

tomahawk9

hero member

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Cats on Mars

Quote from: aoluain on September 16, 2018, 05:22:43 AM

In my opinion this report and others to follow no doubt will fuel the
speculation to end 2018 on a high.

I'm not sure if these type of news will carry enough fuel to trigger a bitcoin rally towards the end of year. The market is is bearish mode, and we're at the mercy of the whales, we'll have to wait and see what happens in the next couple of weeks, we still have that Bitcoin ETF that is yet to be approved or rejected.

If there's enough momentum no matter what the SEC's decision is (they'll most likely delay the etf) then there's a high chance that we'll see some upward movement after as a small drop as bulls will probably trigger a rally just to prove that we don't an etf in the market in order to see a growth in value.

maarx

hero member

Activity: 882

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cloverdex.io

According to current market price of bitcoin we cannot expect the hype this year. If small pump happens then suddenly big dip takes place. This year is not good for bitcoin because it faces lot of dump only than pump. All are says end of this year bull run happens but bull run chances are very low.

Harlot

hero member

Activity: 1806

Merit: 671

Hype fueled by historical prices? I don't think that there is such thing basically people who came here because of hype are gone already and the ones who are still sticking around are the ones who already have blend in with the system, they are either waiting for the opportunity to sell or buy or even both but the one thing they are not waiting for is hype brought by historical prices. I never have based my trades on their past performance as it is entirely inaccurate.

1Referee

legendary

Activity: 2170

Merit: 1427

Seasonality might be a thing, but if we look at what happened after the 2013 bull run, 2014 was a year without anything other than a continuous lower high down trend, and this seems to apply to 2018 as well. The year isn't over, and there might be a short lasting bullish upwards movement, but I don't think it will be strong enough to break several previous local highs.

It's better to just accept that we'll enter 2019 well under the $10,000 level. Historically the first few months of each year have always been the worst, so I expect some serious down movement there as well. It might even be where we end up setting the 'ultimate' bottom, which would then follow according to the ultimate bottom of January 2015 where the price tanked well under $200 but quickly went up from there.

My advice; remain neutral and don't expect anything from the market this year.

davis196

hero member

Activity: 2968

Merit: 913

Why do you need hype?We all need stable price growth.The hype itself can't help for that.It would just create a short term price bubble that will burst after one month.
I really want the bitcoin price to go under 6000 USD.A cheaper bitcoin price will force more people to buy because of the FOMO and they will be in a better position,when the price skyrockets.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Well on second thought I really think there is no hype this year actually I can say it will be another dead cat bounce, But Prior to the Month of Oct the price will be sure good for bitcoin and we can go above $6000 mark value and will not take over the $7500 it will surely be close to that and I think another correction may occur upon getting to that value, Considering this I really think it is very early to say that a hype beyond this increase will sure occur.

Baofeng

legendary

Activity: 2576

Merit: 1655

Its really too early to call if the hype has started or starting already. Remember just a couple of weeks ago, we are above $7300 and everyone was elated to see the price being bump from $6300. However, in an instant all the hard work we done was thrown in the garbage because the price retreated back to $6K'ish. Remember the hype will go prior to SEC decision's up to the end of the month, so as much as there is a hype, it can quickly go South once the decision is handled down (rejection most likely).

aoluain

legendary

Activity: 2282

Merit: 1268

According to this report, which im sure there are a few, it speculates we
could be at the start of an end of year surge in bitcoin value. This is of
course bast on historical events but we all should be aware that past
events should not be used as a future prediction.

https://www.cryptoglobe.com/latest/2018/09/bitcoin-may-surge-in-the-last-quarter-of-this-year-seasonality-chart-shows/

In my opinion this report and others to follow no doubt will fuel the
speculation to end 2018 on a high.

Topic: Is the hype starting? - page 4. (Read 725 times)