No. I remain bullish after the recent increase in the price, and I think we're still on the verge of a new bull run.
Right now, Bitcoin is gaining trust back from people, the public perception on Bitcoin is shifting after weeks of negative sentiment in the market. Just take a look at what's happening with altcoins, they're going down against Bitcoin (fiat and satoshis), money is finally flowing back into Bitcoin.
Also, all we've seen over the past few days are positive news instead of negativity and FUD: low fees, exchanges adopting SegWit, steady increase in the price (look at the 7d charts). Positive news and FOMO will make the price skyrocket in no time. So, overall, this isn't a dead cat bounce, we're heading upwards.
Topic: [Poll] A Dead Cat? - page 2. (Read 435 times)
It seems to me that someone has decided to profit when the price approached 12 000$,taking into account the opportunity to buy under 6000$ level recently -100% profit looks very good.
to be fair the drop that you are mentioning is a perfectly normal and common thing after each big rise. it was a mere correction and it happened a couple of times (8 times to be exact) ever since the very bottom which was $5900ish
the most recent one that I can refer you to is the drop from $11300 to $10100 and as long as these "lows" that are reached are increasing, I call it a rise not a dead cat bounce. which is why I also expect $15k in March.
It seems to me that someone has decided to profit when the price approached 12 000$,taking into account the opportunity to buy under 6000$ level recently -100% profit looks very good.I think that after few days we can expect again rise toward 12k$,and what is happen is just small correction expected after 6000$ price increase.
Somehow I expect to see 15 000$ in March,this year could finally solve transaction/fees problems and push price to new ATH.
Somehow I expect to see 15 000$ in March,this year could finally solve transaction/fees problems and push price to new ATH.
I know it was big arse fall, nearly 75%, but it still feels a little too 'easy' to me for it to be completely over and now onwards and upwards.
However it's easy to discount the sheer number of extra people involved now compared to the end of 2013 and their varying strategies. There are many times more people chasing a number of coins that hasn't changed.
However it's easy to discount the sheer number of extra people involved now compared to the end of 2013 and their varying strategies. There are many times more people chasing a number of coins that hasn't changed.
What do you think? Are we headed lower and are only seeing a temporary “Dead Cat Bounce” or are we headed higher?
It is hard to predict bitcoin price but I think we will see new lows soon considering the fact that there are a lot of altcoins offered in the market and there is the slow transaction issue and expensive fee issue on bitcoin's blockchain. At the current time,there are many more altcoins that ate better to use for a faster and cheaper transactions which is a great factor for the decrease in btc demand.
People who expect to see Bitcoin soar the way it has in the past are going to be disappointed. The crypto market is fundamentally different now. Bitcoin is mainstream and the number of new potential buyers has decreased dramatically. Furthermore, there is tons of competition among alt coins. It is now just as easy for anyone to buy any of the crypto offered on Coinbase, so why would they choose Bitcoin given its well-known technical issues?
I won't be surprised if bitcoin continues up for a little bit, but the days of 10x returns are over. There have never been fewer reasons to buy bitcoin than now.
I won't be surprised if bitcoin continues up for a little bit, but the days of 10x returns are over. There have never been fewer reasons to buy bitcoin than now.
What do you think? Are we headed lower and are only seeing a temporary “Dead Cat Bounce” or are we headed higher?
It depends where the market will find support over the next days. If it stays above 9200$, then a third leg up becomes probable and later a higher low (than 6000$), with bullish implications.
I don’t think this is a dead cat bounce, no. I think we could potentially see a new ATH by the end of 2018, lots of positives to look at. We could see the implementation of LN which would be rocket fuel. It’ll be a long year though, let’s see what happens.
it is hard to tell but all i can say is that if it were really a dead cat bounce and price were supposed to go lower, then it would have never came above $10k because it was a major resistance which is now a big support line and it would take a lot to go back below it now.
ps: i can't choose any of the 3 options in the poll because i say the first on is not going to happen. but also the second won't either. there is a better chance that we keep seeing this same slow creep upwards instead of shooting up to something like $30k. and it may even last a couple of months or a good part of 2018 even.
ps: i can't choose any of the 3 options in the poll because i say the first on is not going to happen. but also the second won't either. there is a better chance that we keep seeing this same slow creep upwards instead of shooting up to something like $30k. and it may even last a couple of months or a good part of 2018 even.
The current rise is quite steady and now I'm inclined to think that it is more likely to be a real recovery, not another upward correction before another leg down. However, I'm still very cautious about predicting a new ATH soon or even this year. The recovery may be long. Of course, nobody knows for sure...
Halving doesn't matter any at this point, we're in a much different part of the adoption phase now. Bitcoin has now emerged in to the mass media all around the world and everyone is just starting to figure it out right now. That is a much more important factor than charts, halving and TA. The future of bitcoin cannot be compared to anything in history either.
What do you think? Are we headed lower and are only seeing a temporary “Dead Cat Bounce” or are we headed higher?
Hard to tell. I haven't seen one single year coming off a huge pump like last year be a good one, and we're currently hanging around the 50-60% mark of the ATH which is what the 2013 pump ended up floating around at after it ended.
I do think that we're probably not going to go below that $6k low any time soon.
Obviously, 2013 and 2017 is different, but usually pumps follow a similar pattern. As I've said before, even if in 2018 there is further increases in price it's definitely not going to be as much as 2017. Also it's important to note that the 2-3 years between halvings have significant less market interest than the halving year or 1 year after that, aka 2012/2013 and 2016/2017.
On the other hand, a lot of other people are saying that BTC will continue to go up this year. If you are a long term holder honestly none of this should concern you a whole lot.
What do you think? Are we headed lower and are only seeing a temporary “Dead Cat Bounce” or are we headed higher?
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