Topic: Quickly accumulate Bitcoin before the market breaks down 6K$ in the second 2019 (Read 632 times)

Never, many people talk about all the money they are going to invest once an asset reaches the bottom and yet they never do, and the reason is simple they are afraid that if they fail they are going to lose everything they have worked so far, and while that fear is understandable they never do anything to push those fears away like learning more about this market and other investments.

I'm sorry for those that are still wasting, though I do know that everyone is not meant to be lucky in this, there are people that are meant to fail and that's it, it's how it works. There are even people that wouldn't invest till reaches the peak price and they are the ones you will see later on who will come to the forum and be complaining about the price and talking about another bull. Even right now, I'm not afraid of the price falling back to $6000, cause even at that rate I will still have something to take home with me. I have taken the risks and I have been able to have the patience for a long time, which I will still continue to have till I reach the end of this bull.

Let's go back to the time when I wrote this article. If compared to reality, should it be worthy of reward points or compliments

Today we see Bitcoin price has returned to 8K. But what is going on is probably not the real price.
1) The Binance event is hacked, resulting in closing deposite and Withdraw will lead to price manipulation. Do binance is the largest trading platform
2) The return of the media is not large enough
and Bitcoin prices this year will only fluctuate below $ 10K. That is my judgment

I have invested in Bitcoin but not much. And investing in floor tokens such as BNB, HT, KCS or BIX.
What do you think about the future of these floor tokens? Give me and those inexperienced helpful tips. Thanks

As a result, your judgment is quite accurate. and so far it has proved you right. I hope and also really believe it will continue to 9K2 in June

We are enjoying it when the BTC has reached 8K. And I believe it will be down 7.5K when Binance restores the features of the exchange after being hacked. It will then turn back to 9K2.
Do you believe in that?

If people buy BTC from the moment I write this article, they probably have interest now.
But with this market and especially the Binance floor not yet for the Deposite and withdrawing, I think when Binance opens again perhaps the price will go down. What do you think?

I think and always will think that TA is complete and utter bilge.

I am more inclined to believe in the psychology of the bubble cycle and that's what people should pay more attention to. Psychology is universal and infinitely more predictable than the next two minutes on Bitmex. If we do peak again in late 2021 ish I'll be a full believer.

The bloke's advice seems fine enough. Looks like he didn't expect this rise either.

I have been doing that all 2018, I had to cash out some of my bitcoin because of some family urgency stuff and at one point I was so poor because of those things that I literally didn't know how I would eat dinner but with careful calculations I have managed to make some savings and right now I am doing much better, I both have bitcoin saved up on the corner and keep earning more and more bitcoins while not spending all the ones I have already so it means I am going to have more bitcoins the longer I keep working but at the side I also get other altcoins and airdrops and ICO's and all that which worth really not that much right now but I believe they will be one day which will make me super rich (hopefully). So I definitely agree with this post and believe bitcoin will be not only over 6 thousand dollars but will be over 10 thousand one day.

Price rose up to $6400, it must be the start of bullrun, somehow price will always dip before pumping again so you can buy every time this happen. I don't know what Fundstrat said in the past but all those that predicted BTC will rise up again are correct. So accumulating little by little ain't so bad of a strategy.

I think it is still quite early to get bitcoin, I know it looks like 6400 is the level where it is too late to get into bitcoin but remember those people who got into bitcoin at 10 thousand dollars and sold at 20 thousand dollars. We are still at early stages of a bull run and we can go way higher than this price.

Also, right now the altcoins are still trying to shrug off the shock bitcoin caused and most of them worth less bitcoin while worth same dollar which means given enough time they will worth more bitcoin and more dollars in the end. That is why you can either invest into bitcoin right now and still make a lot of profit or you can invest into an altcoin that you trust and make even more profits. Just because the price is on the rise don't think you are too late, even the people who bought at 20 thousand dollars will profit one day.

The market has already broken the $6000 barrier and now we are going to expect a bull run in price of bitcoin and other cryptocurrency in the market that has great potentials, for those that haven't made purchase of bitcoin already should try buying as much as you can purchase because you might not see the price of bitcoin in this current price anymore, so it's good to be a partaker than to be one of those regretting why you didn't make purchase.

No. Analysis actually works with cryptocurrency too, it depends on how the analyst understands and able to interpret it, there are some stages that TA works for and there are some stages it doesn’t work for, take for example long term cryptocurrency investment, TA will never work only fundamental analysis can be used to predict the price of bitcoin for long term.

For short term trade, technical analysis works as much as it does for forex trade too, they are no difference, if you can use TA for forex trading and stock, then you can use it for day trading in cryptocurrency too. So, you have to learn to use it well, I have been using it for my day trade and it’s been working.

I agree to an extent. I don't know why people talk about $20k as that is the thing to get back to, when in reality the last peak is the starting point for the exponential gains to begin on the next bull run. So looking to get back to $20k only makes sense in the context of after it crosses that the real gains will begin.

But to say the bitcoin and ethereum prices didn't matter at all is a bit silly. Those were the main two things people were watching, bitcoin first and foremost of course. Sure ICO's were a big part of the bubble, but its not like bitcoin's rise in 2017 wasn't real or didn't matter because there was an ICO bubble. First off the ICO bubble meant an exaggerated bubble for Ethereum, not bitcoin. Bitcoin was just normal bitcoin bubbliness. The ICO craze helped bring in people to crypto which contributed to bitcoin's bubble, but that's just part of the market. To say all people cared about was buying bitcoin to convert it to a token is simply not true at all. The token was never the end goal. More bitcoin, or more Ethereum, was the end goal. People didn't care about the ICOs, they cared about the gains in Bitcoin or Ethereum that they could get by buying an ICO, and selling it a hundreds of percent profit in a short period of time to get more of the main things: bitcoin and ethereum. So that directly goes against what you are saying. Bitcoin was what people cared about, ICOs people didn't care about, they just wanted the profit. Which is no different than the trading that has always occurred in the market.

I don't understand why some people still look back at the $20k peak and think it has much importance. It was reached while we were going through a massive ICO bubble where it didn't matter what price people bought at.

All people cared about was to buy $10k worth of Bitcoin or Ethereum and convert it straight to whatever token people were interested in. The price of Bitcoin and Ethereum didn't matter at all.

Right now the price does matter because there is no ICO bubble. If people buy Bitcoin, it's purely based on Bitcoin and nothing else. In other words, if we reach higher levels, it can be seen as a new all time high based on legit demand.

This statement is for the new investors and not the pro investors if I may say, everyone knows that bitcoin has already dumped so hard and has bottomed, so these recovery stage is the stage of accumulation, if people don’t invest now, when will they start investing.

So, I strongly believe that he doesn’t even need to remind people before they know that we are in the accumulations stage and we are all trying our possible best to accumulate as much as possible, but we cannot do more than our power, we just have to wait for the ones we have invested to mature in future while we leave the rest to the newer investors.

They've been accumulating since we hit 3.2k. Any smart investor that had Bitcoin under their radar took advantage of cheap prices months ago. We could argue about how even the current price (5.8k) is cheap considering that it possibly go up to 20k again, but to maximize profits, the smart thing to do is buy while is cheap, not on the way up.

I don't think they have made any "predictions" ever!
all they have always done (specially with Tom Lee) is making statements to make the news so that their name can be heard. there is no analysis in any of their statements either, they bring up some reasoning each time that most of the times don't even make sense. it is just the new form of advertisement that is becoming popular these days.

Again with this Mr. Slyumer making some words and predictions but somehow this is realistic and plausible compared to those other famous people who do
keep telling or making exaggerated predictions.Basing on the observation we do really see some recovery on the prices but this isnt really a guaranteed thing that
we would able to break out on next quarter of this year.I do rather believe when we do able to reach up halving then we would able to see significant increase.