Is this a pump going on? - page 2. | Bitcointalksearch.org

AGD

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Quote from: jeffytune on May 23, 2017, 10:30:41 AM

Today its now seven consecutive green candles and we have already seen historical increase in price but where are profit takers and why bitcoin and altcoin are on the same ride at the same time?

I am not buying and waiting for correction but I am unable to understand why there is no red candle yet.

No. It's a so called reverse dump. Somebody just turned the chart upside down. You have to open a ticket for a correct view.

Wipro

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Quote from: peter0425 on May 23, 2017, 12:20:15 PM

Quote from: Azurecde on May 23, 2017, 12:05:02 PM

it this Pump a buble? will the pump continues or will crash again ?

Why you guys keep saying this is a bubble? This is not a bubble that we are seeing. If this is a bubble it should have been burst by now. The $2000 barrier has been already, I think if indeed a bubble we are seeing, we should be seeing a lot of dumping since the mental barrier price is broken. Their maybe people really buying bitcoin right now at long term investment or store of value. The chances of those investors getting big profit is really high that's why they are panic buying now.

Bitcoin price raised and now touched the 2250$. It's big barrier peak value, if we look at the present value. Adoption rate is been increase to big with in this 5 months from this year starting onwards, due to this fees for the transaction has been increased gradually. Many wallet shows mining delay in the their site banner. Something is kicking me off.

BitFinnese

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Quote from: shintosai on May 23, 2017, 12:15:40 PM

its been a practice that after btc rise most of the alts fell down but as you mention looking inside the trading site we are seeing green too with most alts i guess its already been expected or newcomers really gather attention to invest with crypto and they already open up their minds unlike before which they only laughing when we talk about this crypto currency.

This one is quite interesting. I agree that when bitcoin price go up, most of altcoins are in red but it seems this time is different. I believe bitcoin is a rally but this altcoins in my opinion are just pumps. They ride on bitcoin popularity and triggers investors greed by telling stories how early adopters of Bitcoin get rich and then compare the price and nailed them with hyping telling the possible future price of this altcoin.

peter0425

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Quote from: Azurecde on May 23, 2017, 12:05:02 PM

it this Pump a buble? will the pump continues or will crash again ?

Why you guys keep saying this is a bubble? This is not a bubble that we are seeing. If this is a bubble it should have been burst by now. The $2000 barrier has been already, I think if indeed a bubble we are seeing, we should be seeing a lot of dumping since the mental barrier price is broken. Their maybe people really buying bitcoin right now at long term investment or store of value. The chances of those investors getting big profit is really high that's why they are panic buying now.

European Central Bank

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Quote from: shintosai on May 23, 2017, 12:15:40 PM

its been a practice that after btc rise most of the alts fell down but as you mention looking inside the trading site we are seeing green too with most alts i guess its already been expected or newcomers really gather attention to invest with crypto and they already open up their minds unlike before which they only laughing when we talk about this crypto currency.

it's japan. there's a flood of noobs who know nothing. as soon as they realise maybe what they put their money into doesn't have much real value it's gonna collapse.

shintosai

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its been a practice that after btc rise most of the alts fell down but as you mention looking inside the trading site we are seeing green too with most alts i guess its already been expected or newcomers really gather attention to invest with crypto and they already open up their minds unlike before which they only laughing when we talk about this crypto currency.

bitbunnny

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The pump is not embracing only Bitcoin but.many altcoins too and I don't think we had similar situation before. Price is rising realy high so some have doubts that this is just a baloon which will burst soon. Having in mind past experiences this is possible but I hope this time we are on the constant way up without deeper obstructions.

buckya

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I think BTC price continue to grow because there are new money in the game, money from business and banking sector plus JPY from Japaneese customers.
Race between alts like ZEC, ETH and BTC is also true and I really don't know what to think about simultaneous price fluctuations of most alts, It worries me a bit.

Oilacris

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Quote from: jeffytune on May 23, 2017, 10:30:41 AM

Today its now seven consecutive green candles and we have already seen historical increase in price but where are profit takers and why bitcoin and altcoin are on the same ride at the same time?

I am not buying and waiting for correction but I am unable to understand why there is no red candle yet.

Bear candles doesnt still shown up because people do still buy or accumulate more bitcoin thats why price is on a rally as of now and i can say that its really amazing to see the price is slowly climbing up to the top but im a little bit worried later on when the bubble pops out and dip again on the price.Checking the chart above posted those are a good examples of charting showing the corrections on the movements of the price of bitcoin.When you do make trendlines on that one i can say that the trend is still bullish but yet not guaranteed.

Azurecde

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it this Pump a buble? will the pump continues or will crash again ?

European Central Bank

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Quote from: Raja_MBZ on May 23, 2017, 11:01:44 AM

Well at least I am not going to buy bitcoins at the current pumped price, its a big bubble now.

Going to wait for ~$1600 to buy any more bitcoins.

it could easily head back to that again. at the same time there are people still waiting for that $20 bitcoin. look into spreading buys over a few weeks maybe and then you won't be checking charts every second.

emezh10

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There are lot of things goijg in the market i guess the bitcoin will not increase too much at this point at some instances it will go down also so goos thing that its increasing today. but the altcoins price value in the market also increasing but there musy be only some delay and some price manipulatikn but eventual i guess it will still go up.

Kava

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Quote from: jeffytune on May 23, 2017, 10:30:41 AM

Today its now seven consecutive green candles and we have already seen historical increase in price but where are profit takers and why bitcoin and altcoin are on the same ride at the same time?

I am not buying and waiting for correction but I am unable to understand why there is no red candle yet.

Not only do you not understand what is happening. I also can not understand why the price goes up. There is no news that would justify such a rise in the price of bitcoin. I'm just interested and even scared

freedomno1

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Quote from: jeffytune on May 23, 2017, 10:30:41 AM

Today its now seven consecutive green candles and we have already seen historical increase in price but where are profit takers and why bitcoin and altcoin are on the same ride at the same time?

I am not buying and waiting for correction but I am unable to understand why there is no red candle yet.

Yes, we are in the sexy bubble stage that can go on for quite a while the question is when will the market reach the top.
The red candle is not there because people are still buying in for various reasons, getting altcoins via BTC, hearing about ETF proposals, Wannacry making them aware of Bitcoin again and then going ... wow that price etc.

TravelMug

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Quote from: Qartada on May 23, 2017, 11:38:18 AM

Quote from: jeffytune on May 23, 2017, 11:19:05 AM

Quote from: goinmerry on May 23, 2017, 11:12:41 AM

Quote from: jeffytune on May 23, 2017, 10:30:41 AM

I am not buying and waiting for correction but I am unable to understand why there is no red candle yet.

To what price range of correction are you expecting?

There are numerous people who are waiting for correction price since the price breaches $1,000 level. And now still waiting up to today. See the point? Their strategy of waiting for correction price are being destroyed by this continous rise. If only they act early then they are on profit. My suggestion, if you really wants to buy and somehow afford the current buy rates at your preferred exchange while at the same time believes that this price rise will continue more, then go ahead and do the buying. It's way better to wait for long time for price increase than to waste time waiting for price decrease.

I am waiting for $1600 levels to jump in.

Seriously, just don't do that. There are corrections of $50-200 happening nearly every day and the price just leaps further. You can buy dips, but the further you wait the further it's going to go up.

It's always a terrible idea to wait before you buy. Everyone has been deluding themselves with that kind of talk for years.

Yes. I definitely agree. I see some corrections starting from $1500 but its seems we just don't notice it because bitcoin will then surge and the price goes further.

Why are you waiting for the price to go down? Because it won't happening soon. And the more you wait the more miss opportunities you have for not buying, of course lost of profits.

CraigWrightBTC

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In my prediction bitcoin's prediction is still increasing (up trend) because of the rumor activation of segwit on bitcoin,
it is good news for growing of bitcoin, fixing the problem on bitcoin (block size of bitcoin)
and many traders made analysis technical about the price of bitcoin is still going up too.

Qartada

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Quote from: jeffytune on May 23, 2017, 11:19:05 AM

Quote from: goinmerry on May 23, 2017, 11:12:41 AM

Quote from: jeffytune on May 23, 2017, 10:30:41 AM

I am not buying and waiting for correction but I am unable to understand why there is no red candle yet.

To what price range of correction are you expecting?

There are numerous people who are waiting for correction price since the price breaches $1,000 level. And now still waiting up to today. See the point? Their strategy of waiting for correction price are being destroyed by this continous rise. If only they act early then they are on profit. My suggestion, if you really wants to buy and somehow afford the current buy rates at your preferred exchange while at the same time believes that this price rise will continue more, then go ahead and do the buying. It's way better to wait for long time for price increase than to waste time waiting for price decrease.

I am waiting for $1600 levels to jump in.

Seriously, just don't do that. There are corrections of $50-200 happening nearly every day and the price just leaps further. You can buy dips, but the further you wait the further it's going to go up.

It's always a terrible idea to wait before you buy. Everyone has been deluding themselves with that kind of talk for years.

jeffytune

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Quote from: goinmerry on May 23, 2017, 11:12:41 AM

Quote from: jeffytune on May 23, 2017, 10:30:41 AM

I am not buying and waiting for correction but I am unable to understand why there is no red candle yet.

To what price range of correction are you expecting?

There are numerous people who are waiting for correction price since the price breaches $1,000 level. And now still waiting up to today. See the point? Their strategy of waiting for correction price are being destroyed by this continous rise. If only they act early then they are on profit. My suggestion, if you really wants to buy and somehow afford the current buy rates at your preferred exchange while at the same time believes that this price rise will continue more, then go ahead and do the buying. It's way better to wait for long time for price increase than to waste time waiting for price decrease.

Truth is that I am one of them too.

Because as per my understanding one correction was pending below $1000 but it never happened. Now its into another arena.

I am waiting for $1600 levels to jump in.

amacar2

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Bitcoin dominance is below 50% which I think is the real reason behind green candles on almost all alts currently. In past we used to see blood bath during bitcoin pumps but it is completely opposite right now. New money is flowing into alts along with bitcoin rather than money coming out of alts and going into bitcoin like in past.

goinmerry

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Quote from: jeffytune on May 23, 2017, 10:30:41 AM

I am not buying and waiting for correction but I am unable to understand why there is no red candle yet.

To what price range of correction are you expecting?

There are numerous people who are waiting for correction price since the price breaches $1,000 level. And now still waiting up to today. See the point? Their strategy of waiting for correction price are being destroyed by this continous rise. If only they act early then they are on profit. My suggestion, if you really wants to buy and somehow afford the current buy rates at your preferred exchange while at the same time believes that this price rise will continue more, then go ahead and do the buying. It's way better to wait for long time for price increase than to waste time waiting for price decrease.

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