Topic: No bull market for 2019 - page 7. (Read 16847 times)
I've feel also that Mr. Lee is right, 2019 is all about market repairs and never have collected huge market resistance. But then, the market still pre-determined of its sustainability to fight against odds. As we can see that prices may move slowly upward and might we all think that we are nearly to start for bull run but Mr. Lee never have it in his mind. Maybe he could say that this increase is just a normal fluctuation and never attached for bull run.
The longer the bear market gets the more whales collect bitcoin and the the higher their bitcoin amount gets the harder it will be for them to sell all of them at once at a higher price. So, at one point I feel like Tom Lee is right about his bullishness since the whales will eventually have to stop buying because they can't continue buying all bitcoins, like you can't expect one person to have all 18 million bitcoins right? Or just couple companies? Maybe a bunch of companies?
None of them sounds correct because bitcoin is owned by millions and that is how it has been forever so eventually these whales will stop buying and at that moment we will see bitcoin rising again and the longer we are in bear market means the closer we are getting to that point.
None of them sounds correct because bitcoin is owned by millions and that is how it has been forever so eventually these whales will stop buying and at that moment we will see bitcoin rising again and the longer we are in bear market means the closer we are getting to that point.
No bull market for 2019 is fine with me but one thing is for sure that the time will come for Bitcoin and it'll set its all time high once again, of course no one knows when will it happen but we're all positive with that. Actually I don't see any reason for a bull market.
I'm predicting that the price of Bitcoin will gradually increase just for now and would spike on year 2022.
Now onwards we can expect gradual growth, though the market is down gradual growth causes big rise in price long term. Price fell low to $3000 and now it has crossed $4000, which is through gradual growth. There is no big bull run, similar kind of growth needs to last so that even before the year end we can reach at least &$15000 without any bull market.I'm predicting that the price of Bitcoin will gradually increase just for now and would spike on year 2022.
Lol. I highly doubt that. A gradual steady growth would likely put us at 8 or 9k at best. That is without any legitimate bull runs. We probably shouldn't be thinking of anything past 10k at this point because it'll take a lot of hype and confidence for us to achieve that.
I am be of the same opinion with Tom Lee that this year will be a "repair" for bitcoin. As we can see, the long bear market was eventually correcting right now. Some may say that the bitcoin's price of $3,000 is rare and 2019 is the time that the bull is intensely approaching because of that hard fork competitions. But I can still sense that bitcoin will recover soon and many huge bull run will appear in the market.
This analysis might be more sensible than Tom Lee's misplaced overbullishness. However, there are questionable predictions in the report like the explosive advancement of blockchain 3.0.
Their next report might be a big advertisment of those blockchain 3.0 platforms hehehe.
A blockchain-focused think tank, the DD Think Tank, has recently suggested that Bitcoin’s current market cycle could last until May 2020, after analyzing over “100,000 pieces of data of the global cryptocurrency industry.”
According to ChainDD’s 2018-2019 Cryptocurrency Market Annual Report, the cryptocurrency ecosystem is set to keep on developing in the near future, but the market will only turn bullish after Bitcoin’s halving event in 2020, when the amount of new BTC introduced into the market drops from 12.5 BTC per block to 6.25.
Read in full https://www.cryptoglobe.com/latest/2019/03/bitcoin-s-current-market-cycle-will-last-until-may-2020-blockchain-think-tank-claims/
Source of the report https://www.chaindd.com/3175909.html
Their next report might be a big advertisment of those blockchain 3.0 platforms hehehe.
A blockchain-focused think tank, the DD Think Tank, has recently suggested that Bitcoin’s current market cycle could last until May 2020, after analyzing over “100,000 pieces of data of the global cryptocurrency industry.”
According to ChainDD’s 2018-2019 Cryptocurrency Market Annual Report, the cryptocurrency ecosystem is set to keep on developing in the near future, but the market will only turn bullish after Bitcoin’s halving event in 2020, when the amount of new BTC introduced into the market drops from 12.5 BTC per block to 6.25.
Read in full https://www.cryptoglobe.com/latest/2019/03/bitcoin-s-current-market-cycle-will-last-until-may-2020-blockchain-think-tank-claims/
Source of the report https://www.chaindd.com/3175909.html
No bull market for 2019 is fine with me but one thing is for sure that the time will come for Bitcoin and it'll set its all time high once again, of course no one knows when will it happen but we're all positive with that. Actually I don't see any reason for a bull market.
I'm predicting that the price of Bitcoin will gradually increase just for now and would spike on year 2022.
Now onwards we can expect gradual growth, though the market is down gradual growth causes big rise in price long term. Price fell low to $3000 and now it has crossed $4000, which is through gradual growth. There is no big bull run, similar kind of growth needs to last so that even before the year end we can reach at least &$15000 without any bull market. I'm predicting that the price of Bitcoin will gradually increase just for now and would spike on year 2022.
No bull market for 2019 is fine with me but one thing is for sure that the time will come for Bitcoin and it'll set its all time high once again, of course no one knows when will it happen but we're all positive with that. Actually I don't see any reason for a bull market.
I'm predicting that the price of Bitcoin will gradually increase just for now and would spike on year 2022.
I'm predicting that the price of Bitcoin will gradually increase just for now and would spike on year 2022.
it will surely come when we list expected, so the best thing to do is to make purchase of bitcoin while it's still cheap to avoid missing out again from the bull run.
If you mean that the bull run will happen when we don't expect it, then you're right. The thing however is that people have prepared themselves for a bull run by holding their coins firmly.In that case people do actually expect a bull run to happen, and we'll face strong waves of selling pressure that will prevent us from going up in a confident manner. People need to lose faith in Bitcoin and crypto first.
2017s bull run was so extreme because people didn't prepare themselves for it by buying Bitcoin beforehand, which unfortunately is the case right now. The amount of speculation right now is beyond insane.
A lot needs to happen to ignite a bull run. ICOs booming, high demand for institutional grade products, crypto funds going all in, and the list goes on. We're very far away from that....
Well, I know that we haven't started to see the bull run in the price of coins and this is getting frustrating and making a lot of people loss hope in crypto but I can assure you guys that the bull run is not going to go pass this year, it might start late maybe at the fourth quarter of the year but it will surely come when we list expected, so the best thing to do is to make purchase of bitcoin while it's still cheap to avoid missing out again from the bull run.
Personally I see Tom Lee as someone who wants to stay relevant in the cryptos system most often prediction of price of bitcoin is always attributed to him. However all his so-called predictions may not come to pass due to the fact that pricing of bitcoin is connected with many fundamentals and factors of he (Tom Lee) do not control over them his prediction using technical Analysis might be defies by the price of bitcoin as usual.
All his prediction is all bullish if I'm not mistaken, therefore we can say that he might be bias sometimes. For bullish investors, they will agree on what this guy would say but it's nice to have a lot of sources in order to analyze things effectively.
Whether it happen or not, I personally think this is a great opportunity to purchase bitcoin and and others cryptocurrencies and keep holding. They have the ability to do what they need. Along these lines, it's most critical that don't dive blindly, but make own research.
yes of course be confident always and grab all the opportunities whille there's a chance which is even though there is no bull season always think positive for it. Indeed everything is temporary especially on this so volatile market. So be smart enough and accumulate for the future instead relying on others predictions before making a plan to make a move. 
Personally I see Tom Lee as someone who wants to stay relevant in the cryptos system most often prediction of price of bitcoin is always attributed to him. However all his so-called predictions may not come to pass due to the fact that pricing of bitcoin is connected with many fundamentals and factors of he (Tom Lee) do not control over them his prediction using technical Analysis might be defies by the price of bitcoin as usual.
It is very good that more and more positive information appears. Let us hope that this is a sign of the upcoming trend change. I think that we will have to wait a few more months for the classic bull run, but we can probably stop being afraid of bears.
Just goes to show that TA can be manoeuvred to fit any desired outcome. Doesn't mean squat to eventual outcome, though, as Bitcoin does and will do what it likes.
TA gets a lot of hate because it has so many bad practitioners who give it a bad name. It's not supposed to be used for curve fitting and confirming biases but many people use it that way.
Tom Lee's analysis isn't so much based on TA anyway. He's a fundamentals guy from the equity markets. He ignores TA in favor of crappy metrics like the number of Bitcoin wallets/addresses being used. I like the idea behind his Bitcoin Misery Index (measuring sentiment for investor capitulation) but since it's proprietary, I have no idea what he's using for his data. It's apparently not price though.
Whether it happen or not, I personally think this is a great opportunity to purchase bitcoin and and others cryptocurrencies and keep holding. They have the ability to do what they need. Along these lines, it's most critical that don't dive blindly, but make own research.
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So it will depend on you, whether you believe him or not. But one thing that you should remember, that still a prediction that might be happening or not because he doesn't know what will happen in this year or the next year. You can accept what his saying but you need to check by yourself, so you can decide if the bull market will happen in this year or not. We will see some news like that in the short time before this year is ending so it's better we prepare our coins and don't miss the chance to sell at the bull market.
some people around the forum tend to confuse bull market with setting a new ATH which are not at all the same thing. there will not be a new ATH in 2019 because simply bitcoin is not a pump and dump that can be pumped that much in such a short time!
but there will be a bull market because it is the only possible healthy market movement that we can have this year after 85% drop over the course of 15+ months. continuing down this path is just as unhealthy as if we continued down the path of rise to $20k and beyond in 2017.
but there will be a bull market because it is the only possible healthy market movement that we can have this year after 85% drop over the course of 15+ months. continuing down this path is just as unhealthy as if we continued down the path of rise to $20k and beyond in 2017.
2019 isn't done yet. The bulls are eating lol. Mostly bull runs happens in every last 4 months of the year. Last week it raised up and it is a sample of this year will be the year of bulls since 2018 was the year of bears. Does price analyst really predicts the exact price? It is a big no. Even we ask some legendary members here like LoyceV if he knows what will happening the price of bitcoin. The market is not stable so don't expect a higher value if you only have a few stocks there.
Tom Lee cant be used as a contrary indicator right now, because we arent anymore in 2018. The most intense phase of the bear market had already passed, so whatever he says now, cant be used to indicate the contrary. Only banksters desire a eternal bear market for bitcoin, because they hate the asset.
We are already four full months at the 3k range. This is more time than we had in the 6k range (and I mean continuously, without any spike to the upper levels of 9k and 12k). The most we had was a visit to 4k, a fake bull run which lasted for some days.
There are rumours the chinese mining companies will turn their machines on in May. Implying they had dumped their coins during the bear market (to cover for the BCash fork wars, for example), they could re-buy the coins and cause a spike back to 6k, which still would not be a bull market, but it will bring bitcoin to recovery. For now, the bear market have not ended, but the capitulation phase have already passed. You can check the classical bubble chart to see where we are now.
We are already four full months at the 3k range. This is more time than we had in the 6k range (and I mean continuously, without any spike to the upper levels of 9k and 12k). The most we had was a visit to 4k, a fake bull run which lasted for some days.
There are rumours the chinese mining companies will turn their machines on in May. Implying they had dumped their coins during the bear market (to cover for the BCash fork wars, for example), they could re-buy the coins and cause a spike back to 6k, which still would not be a bull market, but it will bring bitcoin to recovery. For now, the bear market have not ended, but the capitulation phase have already passed. You can check the classical bubble chart to see where we are now.
Well base on my research, others saying that it will happen only unless if more investors and traders continue to choose to trade on some big exchange instead of holding their capital on their wallet .because like what they said wherein that is the common reason now why market still very stagnant. But for me in my own opinion i don't believe on it since there is still some whales that always exist and control the growth rate of market .wherein in my view of course there's a bull but good for gaining quick profits only.
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