New High... For Everything. What'll happen next?

South Park

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Quote from: Reid on July 07, 2019, 09:04:17 AM

They say what goes up must come down. But with bitcoin anything is possible.
For what is next, no one knows.

Still we havent seen a great fall like December 2017 to January.
It stayed with a 5 digit mark and never fell again.
I am seeing a good chance that it will stay this way. Not a correction or something will happen again.
But I still prefer the slower movement for bitcoin. It aint that scary.

Unless we experiment a bubble as big as the one we saw in December then it is unlikely that we are going to see a crash like the one we saw, however if the price is unable to surpass 14k it is likely we will see an important correction, we must remember that the price has a tendency to overcorrect but I speculate that we could probably be seeing a stable price at 7k or 8k which compared to the price before this bull run started is very good, personally I think we are at the end of this bull run but I am always ready to change my posture in case the market proves me wrong.

1Referee

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The rising is a bit too fast so for sure there will be a correction, but we dont know how deep the price will fall down, and what price will be stabilise, but from the indicators and market situation there will be another rising soon, we just need to wait for the price to heal then btc is ready to jump again

We have had a +30% correction already, plus we have had plenty of smaller 5-10% pullbacks in the last couple of weeks.

People shouldn't underestimate the demand for Bitcoin. Buyers have even held strong after the correction and the decline in volume, and currently we're about to break some local highs. If we go past ~$12,500 I'm sure we'll retest the yearly high of just under the $14,000 level. If we break that, fasten your seat belts and enjoy the market action. $20,000 is the next target from there.

It's so funny how altcoiners complain about Bitcoin ruining their altcoin gains and whatnot. They have had enough time to relocate their positions but didn't because they have been waiting for an altcoin season that was about to happen.....

7788bitcoin

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Quote from: ?? on ??

The rising is a bit too fast so for sure there will be a correction, but we dont know how deep the price will fall down, and what price will be stabilise, but from the indicators and market situation there will be another rising soon, we just need to wait for the price to heal then btc is ready to jump again

The market has jumped over 3.5% today as we speak and we have seen everything in the past few months, recovery from the bottom after the crash and the rise was too fast for my liking as i was planning to invest more before the rise but it got out of my hand too and we have seen minor corrections in between and flash crashes, we are right now in a good price range and i will be happy to see this valuation till the rest of this year.

Naida_BR

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Quote from: ?? on ??

The rising is a bit too fast so for sure there will be a correction, but we dont know how deep the price will fall down, and what price will be stabilise, but from the indicators and market situation there will be another rising soon, we just need to wait for the price to heal then btc is ready to jump again

The price was about to increase as it was stagnated for a lot of days around 10800.
The correction is inevitable as we are going to hit around 12k. I think that every new high level we are going to see a lot of people selling (and exiting the market apparently). Those guys maybe have entered the market when the price was near ATH so they want to recover losses now.

leowonderful

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Quote from: ?? on ??

The rising is a bit too fast so for sure there will be a correction, but we dont know how deep the price will fall down, and what price will be stabilise, but from the indicators and market situation there will be another rising soon, we just need to wait for the price to heal then btc is ready to jump again

We've already had a bit of a correction with the selloff from the previous high of $14k about two weeks ago all the way down to the upper $9ks, and we've also been ranging about for the last few days. The next leg up may be very soon, and I've been adding to a long position during each of the significant dips we've had thus far. Still looking good, staying bullish for now.

figmentofmyass

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Quote from: Reid on July 07, 2019, 09:04:17 AM

They say what goes up must come down. But with bitcoin anything is possible.

the saying generally holds true. it's just that people misinterpret it to mean the market is gonna fully retrace and lose all gains. nope, it just means deep corrections come after the exuberant rises, and that top buyers get punished for fomo'ing. as far as i'm concerned, drops like the one from $14k already sort of prove the idea. the point is that bull markets don't go up in straight lines.

jademaxsuy

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It is always good to see a bitcoin market like this. Yes, never did I thought that after having the uncertainty still bitcoin proves all the bashers of their wrong prediction about the fall of bitcoin instead bitcoin soar high. Now in the 11K usd and probably will be 12k and 15 k in the next months.

Reid

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They say what goes up must come down. But with bitcoin anything is possible.
For what is next, no one knows.

Still we havent seen a great fall like December 2017 to January.
It stayed with a 5 digit mark and never fell again.
I am seeing a good chance that it will stay this way. Not a correction or something will happen again.
But I still prefer the slower movement for bitcoin. It aint that scary.

BitHodler

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Quote from: BrewMaster on July 05, 2019, 11:26:51 AM

that is why altcoins always get dumped back down to their first price and keep going lower while bitcoin keeps rising each year and has gone from 0 to >$10000 and have stayed there

Shitcoins yes, but there is a select few that do keep going up and follow Bitcoin at least based on their fiat values, and that while their BTC ratio value continues to make lower lows or just bounces between a firm range for years.

People trading altcoins versus Bitcoin either need a massive altcoin pump to happen or Bitcoin to lose a lot of value, otherwise it's just not worth trading these back and forth.

Focusing on just the price of an altcoin is already a difficult task for people, but now they also have to focus on what Bitcoin is doing, which mostly works against you because Bitcoin is bullish most of the times.

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Quote from: ethereumhunter on July 06, 2019, 12:44:38 PM

Quote from: pealr12 on July 04, 2019, 05:29:50 PM

After reaching new highs on btc price and on some altcoins they will slowly going down little by little cause what goes goes up will always come down.

If that happens, the price will increase again or even it will go down for more. But all of the altcoins will follow where bitcoin moves no matter if the bitcoin price is up or down because their price will adjust by the bitcoin price movement. But I believe that is not happening to all of the altcoins because there will be any good altcoin that still tries to increase even if bitcoin price is increases.

And then, we have to accept what will happen next and stop complaining cause it never be heard. Crypto prices are dependable into the market demand and this fall might lead to us for another market resistance preparing for another high to follow.
I really appreciate how this market works and live its volatility.

ethereumhunter

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Quote from: pealr12 on July 04, 2019, 05:29:50 PM

After reaching new highs on btc price and on some altcoins they will slowly going down little by little cause what goes goes up will always come down.

If that happens, the price will increase again or even it will go down for more. But all of the altcoins will follow where bitcoin moves no matter if the bitcoin price is up or down because their price will adjust by the bitcoin price movement. But I believe that is not happening to all of the altcoins because there will be any good altcoin that still tries to increase even if bitcoin price is increases.

BrewMaster

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Quote from: pealr12 on July 04, 2019, 05:29:50 PM

After reaching new highs on btc price and on some altcoins they will slowly going down little by little cause what goes goes up will always come down.

with that logic nothing in the world should ever have any value. literary everything should fall down to zero because they have all gone up at some point!!!

the only thing your statement is true for is altcoins that go up due to "manipulation". in other words the correct statement is this: "what goes up to a fake price will always come down".
that is why altcoins always get dumped back down to their first price and keep going lower while bitcoin keeps rising each year and has gone from 0 to >$10000 and have stayed there

pealr12

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After reaching new highs on btc price and on some altcoins they will slowly going down little by little cause what goes goes up will always come down.

South Park

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Quote from: GabrielleGGG on June 25, 2019, 04:56:49 PM

It seems that the capital market in June 2018 is yet again on a frenzy, with SP500 hitting a new historical record high, and Bitcoin breaking the 10,000 dollar mark again.

Beneath the seemingly prosperity, is there something unnoticed to the public? What will happen next?

https://medium.com/sophonexchange/new-high-for-everything-1123087a04b9?source=friends_link&sk=39cee77ec17bebdfa5d746900c53c049

When everything is going higher in price this is a sign that fiat is crashing since it takes more and more units to buy what you bought before, I am not convinced that we are at that stage yet so this seems like normal fluctuations in the markets caused by other factors, but if we enter that stage then prepare yourself because you are not only going to see huge gains in investments like gold or bitcoin in terms of fiat but you will see huge gains on what you can buy with them, which at the end is all what matters.

HeRetiK

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Quote from: bitgolden on July 04, 2019, 12:01:38 PM

[...]

When bitcoin is on a bull run it does have corrections but this was one of the biggest falls in the past year which means it is no longer going up, don't get me wrong it doesn't have to go down neither, maybe it will stay here for months, that is still possible but going up seems more unlikely than going down right now and the highest possibility is staying at the same price. If we can manage to just go above 15k once again then the bull run could return back very quickly very easily.

The 2017 bull market saw comparable and a couple of harder drops than this one though, yet it kept on going for quite a while:

1) From USD 2800,- to USD 1800,- in May 2017
2) From USD 3000,- to USD 2100,- in June 2017
3) From USD 5000,- to USD 3000,- in September 2017
4) From USD 8000,- to USD 5500,- in November 2017

And that's ignoring some of the wilder fluctuations that occured as a foreplay to the 2017 bull market.

Just saying.

bitgolden

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I think 10200 was the breaking point, I don't know if it can really make a difference from now on, I am afraid at worst we are going to stay around here for a long time, bitcoin bull run happened and now it looks over, normally I am a bull calling guy and always think bitcoin is doing fine but right now even I can't support that notion unfortunately.

When bitcoin is on a bull run it does have corrections but this was one of the biggest falls in the past year which means it is no longer going up, don't get me wrong it doesn't have to go down neither, maybe it will stay here for months, that is still possible but going up seems more unlikely than going down right now and the highest possibility is staying at the same price. If we can manage to just go above 15k once again then the bull run could return back very quickly very easily.

Vaskiy

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One of the holdings of mine is in reputed exchanges with good trading volume as well has listed among the top 100 of the coinmarketcap. Compared to the peak price it achieved by 2017, what it has at this moment is not even a single percentage. Will there be good growth to reach the peak value again or it is a shitcoin.

jrrsparkles

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Quote from: Duzter on July 01, 2019, 05:11:12 PM

Breaking the $10000 margin there is faster growth as expected, and further the market has begun to fall slowly reaching close to $10000. Once again can expect good growth over the days, and as a beginning the market price of bitcoin has crossed $10500 with top altcoins experiencing growth while the rest were just red blooded.

Include bitcoin as well,not it is near $9500 and looks like there is a small straigh line which make me fear that the prices are about to fall more soon.

Hopefully we could break $10K again and keep on going.

figmentofmyass

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Quote from: WinslowIII on July 01, 2019, 09:26:07 PM

Quote from: figmentofmyass on July 01, 2019, 08:51:13 PM

you think they will? shitcoins as a whole never seem to die. only the very worst of them do. otherwise they just bleed and stagnate until eventually they get pumped to the moon.

I think the market is smarter now, don't you?

nope. with these speculation/hype driven adoption waves, each cycle brings in loads of new blood. loads of get-rich-quick noob investors. as long as the bubbles keep happening, money will keep pumping into "the next bitcoin" or whatever is being hyped.

the bubbles are all about hype, not fundamentals.

WinslowIII

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Quote from: figmentofmyass on July 01, 2019, 08:51:13 PM

Quote from: WinslowIII on July 01, 2019, 08:03:04 PM

The shitcoins need to die, rip the hopes and dreams of all of the shitcoin hodlers.

you think they will? shitcoins as a whole never seem to die. only the very worst of them do. otherwise they just bleed and stagnate until eventually they get pumped to the moon.

if bitcoin maintains the uptrend it's on, altcoins will keep bleeding (against BTC anyway). but i'm wondering if this time, it'll be like 2013 instead of 2017. in 2013, altcoins remained stagnant until the final weeks of the bubble. then they went insane, completely vertical. as opposed to 2017 when altcoins bubbled before bitcoin did.

I think the market is smarter now, don't you?

Topic: New High... For Everything. What'll happen next? (Read 929 times)