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.

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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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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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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.

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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'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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

figmentofmyass

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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.

WinslowIII

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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.

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

Duzter

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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.

virasog

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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

"What will happen next" That's the big question which no one knows the correct answer. Bitcoin can move further up to 15K levels too but I don't see it likely to happen. More probably we will end up stabilizing at 10K levels which is better for altcoins also.

mersal

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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

After having a huge bullish movement on the Bitcoin prices we made fall on the prices which is not good to see but it is good for the future of cryptocurrencies because we can feel that the correction is right and the price is not going to you fall too much after that happened.

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Quote from: normanderecho on June 28, 2019, 09:23:49 PM

Yes, new high record and seem bitcoin will make again a new historical record this year 2019 if we just base its movement price in the market. We have notice that bitcoin keep surging that might hit the speculation price around $15,000 in this mid year accirdibg to some crypto analysis. So, there is a long time remain from bitcoin to extend more its price on this year 2019.

I hope so. It is not impossible for bitcoin to reach $15,000 after this because we already reach $13,000 before. So we have a chance to see bitcoin will increase into that price, but yes, we need to be patient and let time will answer our hope. We need to wait for the mid-year happen because that will be a good time for bitcoin to increase higher.

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Quote from: snipie on June 26, 2019, 01:50:38 PM

Have to check the bitcoin price right now in different sites to believe that we are +$13700!
I am impressed! I thought we will not pass $12k before July and now $15k might be possible?
Impressive!! Hope the next correction keeps the price above $13k

It has to happen quick as it’s being long time that people had to wait to see the five digit mark and was it under valued a lot and this finally we have something worthwhile and this will continue to rise in coming time too .

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I don't know what the economy can sustain at this point and I am afraid to ask. I mean the world economy is getting to a level where rich needs to get richer to continue being rich, they can't just stop and exist as a rich person and not work or not make any new money, system doesn't allow that, a rich person HAS TO keep getting richer in this system.

How can they do it? Well simply just taking from the poor, a regular joe who works for a salary has to keep spending his money on the big corporations of big CEO's and keep spending his money to make them even richer, it is just the system. So, all in all everything goes higher and everyone is richer but for how long? How high can these get? Eventually it will collapse once again like it did in 2008, it has to repeat that and reset the market otherwise we will have a horrible inflation in economy globally.

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Yes, new high record and seem bitcoin will make again a new historical record this year 2019 if we just base its movement price in the market. We have notice that bitcoin keep surging that might hit the speculation price around $15,000 in this mid year accirdibg to some crypto analysis. So, there is a long time remain from bitcoin to extend more its price on this year 2019.

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Quote from: BitHodler on June 28, 2019, 05:03:34 PM

Quote from: beerlover on June 28, 2019, 02:16:47 AM

I think the next is the altcoin run. Everyone thinks that since when bitcoin goes up the altcoins go down and believes bitcoin needs to go down to make altcoins go up but that doesn't have to happen at all.

People have been expecting altcoin season to kick in for months now, and it still didn't happen. You know why? Because the mass bought in already and is waiting for it to happen.

It's similar to how people were expecting a bull run in 2018 with loaded bags. What happened was a brutal selloff to shake out those get rich quick noobs. Once people emptied their pockets, the price started to rally.

Altcoin season will probably begin after a deep correction in BTC. Not necessarily this correction or the next one, but eventually. You're probably right we need further shakeouts first.

But that's how it started in 2017 anyway. Bitcoin dumped hard off the Winklevoss ETF denial, and everything immediately started flowing into Ethereum and associated projects.

Prior to that, altcoiners were dumping to chase BTC gains. That's where we are now. We're probably going to see that action continue for a while. Eventually though as the bull market wears on, more and more money will start flowing into altcoins during BTC corrections rather than fiat.

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Quote from: BitHodler on June 28, 2019, 05:03:34 PM

People have been expecting altcoin season to kick in for months now, and it still didn't happen. You know why? Because the mass bought in already and is waiting for it to happen.

So you are saying those where over valued to begin with ? Altcoins need to gain value on there own not because Bitcoin gets more traction.

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Quote from: beerlover on June 28, 2019, 02:16:47 AM

I think the next is the altcoin run. Everyone thinks that since when bitcoin goes up the altcoins go down and believes bitcoin needs to go down to make altcoins go up but that doesn't have to happen at all.

People have been expecting altcoin season to kick in for months now, and it still didn't happen. You know why? Because the mass bought in already and is waiting for it to happen.

It's similar to how people were expecting a bull run in 2018 with loaded bags. What happened was a brutal selloff to shake out those get rich quick noobs. Once people emptied their pockets, the price started to rally.

If altcoin season is going to happen at one point, expect a brutal altcoin selloff to shake the people out calling for an altcoin season. Markets pump and dump when the mass doesn't expect it and has empty bags.

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I wait prices to get to their previous all times high prices, after that I expect new all times high prices. This fluctuations we see this months, rises and drops,
are good for traders, they earn money, for me as a long-term holder this is just a good sign of what crypto-currencies are capable off. What ever comes next
I`m here, making satoshis and holding what I have, for couple more years before I sell anything.

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Quote from: BrewMaster on June 26, 2019, 12:32:20 PM

we already had many nice corrections below $10k that helped with keeping the rise inline and healthy but because the price continued jumping more (which is most probably a new FOMO wave) ever since $10k and specially today we are again in need of a correction.
so that is what comes next.

but don't confuse correction with the big dumps that some people are expecting these days though! a correction is price going down from $13500 top down to $12150 (a 10% drop).

It's really hard to predict an exact price.
Few hours ago Btc was above 13k usd and now it's again down.
This is only because the low trading volume and market cap.
So wish this will be recovered soon, and we will see Bitcoin again in high price.

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I think the next is the altcoin run. Everyone thinks that since when bitcoin goes up the altcoins go down and believes bitcoin needs to go down to make altcoins go up but that doesn't have to happen at all. Now, when you sell your bitcoin and buy an altcoin yes you take money out of bitcoin but at the same time there is new money coming into bitcoin. So, when nobody buys altcoins the new money coming into bitcoin makes it go up whereas if people starts to buy altcoins the bitcoin price stays about the same with the new money supplementing it while altcoins get higher. So, my assumption is bitcoin will go higher and higher but eventually will stop which means altcoins will start to increase after that. I am not entirely sure if it will happen but I feel like that sounds reasonable.

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New high of the year has been reached for bitcoin and few other altcoins that hold good trading volume a d gets among the top 20. Other than those there isn't much of growth with the altcoins, compared to the peak price reached almost every altcoins has to grow 100% to mark its new high. Upon the same lot of users have sold almost all the altcoins in the portfolio amd has moved to bitcoin and ethereum.

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Quote from: snipie on June 26, 2019, 01:50:38 PM

Have to check the bitcoin price right now in different sites to believe that we are +$13700!
I am impressed! I thought we will not pass $12k before July and now $15k might be possible?
Impressive!! Hope the next correction keeps the price above $13k

It's been going up a grand a day for days, it's pretty mindblowing considering the halving is still a year away. I sure didn't expect this rise at this time but what can you say, it's bitcoin.

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Have to check the bitcoin price right now in different sites to believe that we are +$13700!
I am impressed! I thought we will not pass $12k before July and now $15k might be possible?
Impressive!! Hope the next correction keeps the price above $13k

HeRetiK

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Quote from: WinslowIII on June 26, 2019, 11:33:23 AM

Theres a hell of a lot more people who know about bitcoin but haven't ever bought any than there used to be.
Unlike the last rise, there are many many eyes watching it this time.

True, there are more eyes watching than in the 2017 run up and crypto is being taken much more serious than it used to. But at least from my anecdotal experience the majority of people saw crypto as a fad and have written it off as dead by now (unaware of recent developments...).

Quote from: WinslowIII on June 26, 2019, 12:05:22 PM

Some monster companies came out of that 90s dot com boom. But this is way different, these aren't companies they are decentralized currencies. Apples and bowling balls.

I mean, sure. You can't really compare cryptocurrencies to stocks. But looking at the 2000+ coins and tokens listed on CMC, most of which have rather questionable merits, I have my doubts that even 1% of them will remain in active development in 10 years time.

Quote from: figmentofmyass on June 26, 2019, 12:34:14 PM

Quote from: HeRetiK on June 26, 2019, 10:18:48 AM

I don't think Nocoiners are even aware yet of what's going on.

there must have been some headlines about bitcoin. my girlfriend's dad asked me about it the other day.

So it begins. The media in my part of the world has been eerily silent so far.

exstasie

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Quote from: WinslowIII on June 26, 2019, 12:37:34 PM

Surely this rise has done a terrific job of wiping out shorters. The higher it goes the more carnage.

On higher leverage platforms like Bitmex, definitely. Everyday there's a few mass short liquidations. Actually, high leveraged positions on both sides of the book are getting regularly liquidated. Lots of FOMO buying and wicking down as well.

The long term commitment of traders is much more interesting to me. Bitfinex short levels (limited to 3.3x leverage) are up 60-70% over the past few weeks. Given the low leverage, I'm not sure whether to expect the market to margin call these shorters, but they are certainly being squeezed pretty hard right now.

A mass closing of shorts might be a good indicator. On May 15-16 we saw shorts drop 40% overnight on Bitfinex. After that, the dump from $8,400-$6,600 quickly followed. Once the bears finally capitulate and desperate shorts stop pushing the price up, the market can dump.

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Quote from: figmentofmyass on June 26, 2019, 12:34:14 PM

Quote from: HeRetiK on June 26, 2019, 10:18:48 AM

Eh, I'm sure even shorters like the rise of Bitcoin, at least as long as they don't have any outstanding positions. What goes up must come down and all that.

most people who short uptrends---that's not how they operate. they keep calling the top, getting squeezed, forced to buy back higher, liquidated. i can't believe shorts are still rising on bitfinex. i expected them to start plummeting with these $1000 daily candles but no, bears just keep piling them on. since the $7500 low they are up more than 60%!

Quote from: HeRetiK on June 26, 2019, 10:18:48 AM

I don't think Nocoiners are even aware yet of what's going on.

there must have been some headlines about bitcoin. my girlfriend's dad asked me about it the other day.

Surely this rise has done a terrific job of wiping out shorters. The higher it goes the more the carnage.

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Quote from: HeRetiK on June 26, 2019, 10:18:48 AM

Eh, I'm sure even shorters like the rise of Bitcoin, at least as long as they don't have any outstanding positions. What goes up must come down and all that.

most people who short uptrends---that's not how they operate. they keep calling the top, getting squeezed, forced to buy back higher, liquidated. i can't believe shorts are still rising on bitfinex. i expected them to start plummeting with these $1000 daily candles but no, bears just keep piling them on. since the $7500 low they are up more than 60%!

Quote from: HeRetiK on June 26, 2019, 10:18:48 AM

I don't think Nocoiners are even aware yet of what's going on.

there must have been some headlines about bitcoin. my girlfriend's dad asked me about it the other day.

BrewMaster

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There is trouble abrewing

we already had many nice corrections below $10k that helped with keeping the rise inline and healthy but because the price continued jumping more (which is most probably a new FOMO wave) ever since $10k and specially today we are again in need of a correction.
so that is what comes next.

but don't confuse correction with the big dumps that some people are expecting these days though! a correction is price going down from $13500 top down to $12150 (a 10% drop).

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Quote from: The Sceptical Chymist on June 26, 2019, 11:52:23 AM

Quote from: dothebeats on June 25, 2019, 06:34:57 PM

An unprecedented correction might soon follow, of course.

Might. And I wouldn't be certain about the "unprecedented" part of that, either. As they say, the markets can stay irrational longer than you can stay solvent. What I'm seeing is bitcoin jumping from roughly $3500 where it was stuck for many months to over $10k, and that happened in a relatively short period of time. Obviously there have been a lot of speculators jumping aboard the ship--and that usually doesn't bode well for bitcoin or anything else.

So yeah, we'll have a correction. Eventually. Before that, we'll probably have several dips. Anything beyond that, I'd be pulling out of my ass, because I honestly have no idea what's going to happen with bitcoin right now. It has got to be one of the craziest markets I've ever seen, aside from the 90s tech stock boom. Note that that did not end well: see the NASDAQ chart circa April 2000.

Some monster companies came out of that 90s dot com boom. But this is way different, these aren't companies they are decentralized currencies. Apples and bowling balls.

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Quote from: dothebeats on June 25, 2019, 06:34:57 PM

An unprecedented correction might soon follow, of course.

Might. And I wouldn't be certain about the "unprecedented" part of that, either. As they say, the markets can stay irrational longer than you can stay solvent. What I'm seeing is bitcoin jumping from roughly $3500 where it was stuck for many months to over $10k, and that happened in a relatively short period of time. Obviously there have been a lot of speculators jumping aboard the ship--and that usually doesn't bode well for bitcoin or anything else.

So yeah, we'll have a correction. Eventually. Before that, we'll probably have several dips. Anything beyond that, I'd be pulling out of my ass, because I honestly have no idea what's going to happen with bitcoin right now. It has got to be one of the craziest markets I've ever seen, aside from the 90s tech stock boom. Note that that did not end well: see the NASDAQ chart circa April 2000.

Naida_BR

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The market seems very excited right now, as I can see in Binance.
The correction is yet to follow and I hope that this is not going to be hurtful for investors that are active in long-term trading. It is possible that altcoins will follow a respective increase before the correction so that to alleviate the downturn.

perla

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Maybe next ATH, actually it will need time, but i believe it soon can happen. Bitcoin price seems not get any problem yet and keep increasing. And usually this trend already change so bull trend is happen now.

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Quote from: HeRetiK on June 26, 2019, 10:18:48 AM

Quote from: WinslowIII on June 26, 2019, 09:40:18 AM

"Who doesn't like the high rise of bitcoin?"

All the shorters and nocoiners. So basically the vast majority of the world's population.
Nocoiners outnumber bitcoin holders by a ridiculous margin, I'm not going to make a guess but I'm sure it's a staggering ratio. As this ratio gets smaller, the price rises - and the longer one waits the higher the cost of entry.

Eh, I'm sure even shorters like the rise of Bitcoin, at least as long as they don't have any outstanding positions. What goes up must come down and all that.

I don't think Nocoiners are even aware yet of what's going on.

What I do wonder is whether the naysayers of 2017 (ie. the ones that followed the price but never bought in) will eventually FOMO in or just get hardened in their anti-Bitcoin stance due to the sunk cost fallacy.

Theres a hell of a lot more people who know about bitcoin but haven't ever bought any than there used to be.
Unlike the last rise, there are many many eyes watching it this time.

HeRetiK

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Quote from: WinslowIII on June 26, 2019, 09:40:18 AM

"Who doesn't like the high rise of bitcoin?"

All the shorters and nocoiners. So basically the vast majority of the world's population.
Nocoiners outnumber bitcoin holders by a ridiculous margin, I'm not going to make a guess but I'm sure it's a staggering ratio. As this ratio gets smaller, the price rises - and the longer one waits the higher the cost of entry.

Eh, I'm sure even shorters like the rise of Bitcoin, at least as long as they don't have any outstanding positions. What goes up must come down and all that.

I don't think Nocoiners are even aware yet of what's going on.

What I do wonder is whether the naysayers of 2017 (ie. the ones that followed the price but never bought in) will eventually FOMO in or just get hardened in their anti-Bitcoin stance due to the sunk cost fallacy.

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Quote from: LimLims on June 26, 2019, 09:24:47 AM

BTC is increasing and that's really a cool thing.
Cmmon who doesn't like the high rise of Bitcoin?
Hope this time Bitcoin will break it's all time record and cross 20k usd.
Moreover this has happened due to the recent trading volume.
Hope this continues to grow and we will happily sell our BTC in higher price.

"Who doesn't like the high rise of bitcoin?"

All the shorters and nocoiners. So basically the vast majority of the world's population.
Nocoiners outnumber bitcoin holders by a ridiculous margin, I'm not going to make a guess but I'm sure it's a staggering ratio. As this ratio gets smaller, the price rises - and the longer one waits the higher the cost of entry.

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BTC is increasing and that's really a cool thing.
Cmmon who doesn't like the high rise of Bitcoin?
Hope this time Bitcoin will break it's all time record and cross 20k usd.
Moreover this has happened due to the recent trading volume.
Hope this continues to grow and we will happily sell our BTC in higher price.

Jating

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I think the price can't go on a continues parabolic rise, so sooner or later there will be some sort of correction. But I do hope that this kind of correction won't panic investors to cause the price to make a downward spiral again.

But I agree that we should take it in stride and enjoy the ride. And let see what happens next, I think this is what all crypto investments/traders is, we really don't know what the future holds and it makes it more exciting.

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Quote from: figmentofmyass on June 26, 2019, 03:39:47 AM

just enjoy the ride and don't listen to anyone who tries to call the top. the market will have a deep correction eventually, but every top caller so far has been wrong.

momentum is still very strong, the dips are weak, and the daily doesn't look toppy yet. i'd say we can set our sights higher, above $13k. then we can reassess the chart.

That’r right, we must still focus on our personal goal and stop listening on any FUD. We can’t know what will happen next but correction will begin after the volume is not increasing anymore and there’s a small dump. New high is still on-going, let’s also continue to analyze.

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Quote from: omonuyak on June 26, 2019, 04:43:59 AM

Quote from: figmentofmyass on June 26, 2019, 03:39:47 AM

just enjoy the ride and don't listen to anyone who tries to call the top. the market will have a deep correction eventually, but every top caller so far has been wrong.

momentum is still very strong, the dips are weak, and the daily doesn't look toppy yet. i'd say we can set our sights higher, above $13k. then we can reassess the chart.

As at this morning it went close to $13,000 and current is around $12,590. Those that could not buy when Bitcoin was around $3200 to $5000 are the one calling for dip now and I am speculating that it will go as high as $20,000 before it can witness dip corrections.

That was the highest price we saw this year, and yes, the price can slightly to increase to the higher price, and many of us hope that the price can reach more than $20k. $3200 is the lowest price of bitcoin this year, and that will be the best time for people or new people to buy bitcoin, and they can sell at the highest price later.

I guess not just you are speculating bitcoin price can go as high a $20k, but the other people will do the same especially for the expert people who have experience in the bitcoin. They can analyze bitcoin price by watching the trend, the history of bitcoin, but they cannot predict with the right because bitcoin is hard to predict until now.

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Quote from: figmentofmyass on June 26, 2019, 03:39:47 AM

just enjoy the ride and don't listen to anyone who tries to call the top. the market will have a deep correction eventually, but every top caller so far has been wrong.

momentum is still very strong, the dips are weak, and the daily doesn't look toppy yet. i'd say we can set our sights higher, above $13k. then we can reassess the chart.

As at this morning it went close to $13,000 and current is around $12,590. Those that could not buy when Bitcoin was around $3200 to $5000 are the one calling for dip now and I am speculating that it will go as high as $20,000 before it can witness dip corrections.

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Quote from: dothebeats on June 25, 2019, 06:34:57 PM

An unprecedented correction might soon follow, of course. What comes up must come down at a certain point, and sure enough this adage applies to stocks and crypto. The former seemed to have its correction overdue, so I guess we'll see a big hit on stocks once the inevitable comes. 2020 is the projected downfall of stocks by many analysts and economists around the world, together with the financial crisis long prophesied by a lot of expert economists as well. As for crypto, well the party is just getting started after the massive devaluation in 2018, so better get our tickets for the front seat, I guess.

Stocks already got a bit nervous and had a bit of a pullback late 2018 / early 2019. The next stock market collapse has been prophesied for years now, especially since we're in an unexpectedly long boom phase already, so it's kinda hard to take these forecasts serious anymore.

Still the party for stocks has to end eventually. My current pet theory is that the next stock market crash will coincide with crypto's next ATHs, forever cementing crypto's place as a counter-cyclical hedge against the classical markets. However this pet theory is on shaky grounds now, seeing how Bitcoin is a bit too early in its boom-bust cycle -- unless the stock markets start coming down within the next few weeks.

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Quote from: dothebeats on June 25, 2019, 06:34:57 PM

An unprecedented correction might soon follow, of course.

People have said that also when we broke through $6000. I think this is how markets are; the more people expect the price to crash or correct, the less likely it is that it will happen.

This really seems an institutional driven bull run, and they are here to add to their positions for now before the floodgates open for real. People looking for a correction to buy up will have to beg non institutional whales to unload their coins, but given how strong the trend is, this is unlikely to happen. Even if it happens, buyers are ready to buy the price up in a matter of minutes.

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just enjoy the ride and don't listen to anyone who tries to call the top. the market will have a deep correction eventually, but every top caller so far has been wrong.

momentum is still very strong, the dips are weak, and the daily doesn't look toppy yet. i'd say we can set our sights higher, above $13k. then we can reassess the chart.

Herbert2020

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it is not everything and you should never link other things with bitcoin even if it seems that they are moving in the same direction with bitcoin at times. bitcoin has always moved on its own without taking effects on anything that other markets are being affected by. at least not any major meaningful effects that can change the price in a direction that is in obvious corrections with others.
there are enough cases of bitcoin moving in the opposite directions that proves that.

ps. we are in June 2019 not 2018 Tongue

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Quote from: dothebeats on June 25, 2019, 06:34:57 PM

An unprecedented correction might soon follow, of course. What comes up must come down at a certain point, and sure enough this adage applies to stocks and crypto. The former seemed to have its correction overdue, so I guess we'll see a big hit on stocks once the inevitable comes. 2020 is the projected downfall of stocks by many analysts and economists around the world, together with the financial crisis long prophesied by a lot of expert economists as well. As for crypto, well the party is just getting started after the massive devaluation in 2018, so better get our tickets for the front seat, I guess.

Yes we all know that eventually there will be a correction and a bear market however how do you sell/short the top? You can't really.

Many people assumed that $6000 would be the top and sold most of their BTC or went short. Then they assumed that $10K would be the top, and here we are almost breaking $13K and it seems BTC is gaining $1000 everyday. What will be the top?

On the charts there really isn't any resistant anymore until $20K. When we come close to $20K, it will be the same situation. Many will think its the top, sell or go short and it will break and probably go to like $24995 before heading back down.

Catching the top is very difficult.

sheenaedago

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That would be an exciting results to expect soon, and as bitcoin bounces so high the possible minor fluctuations could have some glitches. It's a case to case basis, there could be positive or negative effect once the price begun to be at the tip of the peak value. We really see it become profitable, but if ever it cannot sustain for long periods it need some corrections that's why altcoins demand will also gain momentum when btc price stabilized.

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

~snip~ Bitcoin breaking the 10,000 dollar mark again.

FYI, Bitcoin price is already about $11,710 this time. It is a bit surprising for me that the positive trend in Bitcoin price continues after it breaks $10,000. Well, a possible correction may happen in the near future but I assume it won't drop below $11,000. The Bitcoin price movement looks like still in the same patterns so far. [IMO]

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An unprecedented correction might soon follow, of course. What comes up must come down at a certain point, and sure enough this adage applies to stocks and crypto. The former seemed to have its correction overdue, so I guess we'll see a big hit on stocks once the inevitable comes. 2020 is the projected downfall of stocks by many analysts and economists around the world, together with the financial crisis long prophesied by a lot of expert economists as well. As for crypto, well the party is just getting started after the massive devaluation in 2018, so better get our tickets for the front seat, I guess.

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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

Topic: New High... For Everything. What'll happen next? (Read 931 times)