Quickly accumulate Bitcoin before the market breaks down 6K$ in the second 2019 - page 2.

davis196

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Quote from: tspmhack6 on May 06, 2019, 11:33:58 AM

Bitcoin price (BTC) will soon increase again, but investors need to accumulate more coins before the second half of 2019, quoted Fundstrat Global Advisors, a market strategist on May 3.

In a statement to customers on May 2, Fundstrat analyst Robert Sluymer said that while strong signals show that the market is rising strongly, the accumulation of coins has not ended. The BTC / USD pair has risen sharply during this week to reach the peak of 2019 on Friday, continuing on the way back to position in November 2018.

Take advantage of the market adjustment period to continue accumulating Bitcoin in the second quarter of the year in case the market breaks the 6000 USD barrier in the second half of the year." Mr. Slyumer continues to warn there will be short-term fluctuations

What do you think about the above statement?

I don't trust Fundstrat since their last year predictions that were completely wrong.
They are just a bunch of monkeys,that keep watching the charts,and if the bitcoin price goes up,they start with the "it will go up" predictions "based on their analysis".I've never seen any good Fundstrat analysis so far.

Jating

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Quote from: tspmhack6 on May 06, 2019, 11:33:58 AM

Take advantage of the market adjustment period to continue accumulating Bitcoin in the second quarter of the year in case the market breaks the 6000 USD barrier in the second half of the year." Mr. Slyumer continues to warn there will be short-term fluctuations

What do you think about the above statement?

It's pretty obvious that you don't need to be a rocket scientist to know that this is a perfect time to accumulate because the price is currently cheap.

And I don't know why people are not taking advantage of the situation though. And then you will hear them bitch around saying that bitcoin is too expensive, blah blah blah.

They have given the time and opportunity, if they don't like to get in, then it is their loss.

Silberman

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Quote from: tspmhack6 on May 06, 2019, 11:33:58 AM

Bitcoin price (BTC) will soon increase again, but investors need to accumulate more coins before the second half of 2019, quoted Fundstrat Global Advisors, a market strategist on May 3.

In a statement to customers on May 2, Fundstrat analyst Robert Sluymer said that while strong signals show that the market is rising strongly, the accumulation of coins has not ended. The BTC / USD pair has risen sharply during this week to reach the peak of 2019 on Friday, continuing on the way back to position in November 2018.

Take advantage of the market adjustment period to continue accumulating Bitcoin in the second quarter of the year in case the market breaks the 6000 USD barrier in the second half of the year." Mr. Slyumer continues to warn there will be short-term fluctuations

What do you think about the above statement?

In a way I think he is right but the problem with such predictions is that it always seems like the movement is imminent and no market works like that, an asset with strong fundamentals can go down for months or even years and most investors do not have the patience to hold their assets for that long, so only buy bitcoin if you are absolutely sure you can hold until the recovery happens.

thecodebear

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Quote from: bitsurfer2014 on May 07, 2019, 12:16:15 AM

I think BTC will surpass $6k before the month of June 2019 since most indicators are getting bullish on it right now. I guess most retail investors are building up a FOMO attitude that could be contagious and could lead to BTC's massive surge in price or even reach its previous ATH soon.

I wouldn't be expecting new ATHs anytime soon. Remember it took a good bit over a year in the last market cycle after bitcoin broke out of the bottom for it to hit its ATH. We're barely more than a month into the bull market now. I wouldn't expect ATH to be surpassed until second half of 2020 at the earliest. Bitcoin has only gone up about $800 since its spike out of the bottom of the market 5+ weeks ago. It's not going to suddenly start shooting up thousands of dollars in a short period of time. I think we should expect a slow gain to $10k this year, and a slow gain likely above ATH high next year, and then watch the madness of another market boom in 2021.

bitsurfer2014

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I think BTC will surpass $6k before the month of June 2019 since most indicators are getting bullish on it right now. I guess most retail investors are building up a FOMO attitude that could be contagious and could lead to BTC's massive surge in price or even reach its previous ATH soon.

thecodebear

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Quote from: pooya87 on May 06, 2019, 10:32:54 PM

you should have accumulated when the "wise money" was accumulating bitcoin when price was at the bottom in the $3k range and now is the time to sit back and enjoy the rise. but most people chose to ignore the reality back a couple of months ago and instead believe in the FUD and stay panicked and out of the market and now they are paying the price by being forced to buy bitcoin at a >75% higher level compared to the bottom and this will only get worse as time goes by since bitcoin continues to rise. $6k will soon be history too.

Exactly, smart money was buying all throughout the bottom in the $3000s. Smart money may still be buying, but certainly there are plenty of people (most people in the market in fact) who were too afraid to buy at the bottom and need to follow this advice and start buying now. Bitcoin will likely pass $6k before the end of May. Of course that doesn't mean it won't be a great buy afterward, but in these early days of the bull market people should be buying in as soon as they can, because as a general rule it will only be higher for the next couple of years as this bull run slowly heats up.

pooya87

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you should have accumulated when the "wise money" was accumulating bitcoin when price was at the bottom in the $3k range and now is the time to sit back and enjoy the rise. but most people chose to ignore the reality back a couple of months ago and instead believe in the FUD and stay panicked and out of the market and now they are paying the price by being forced to buy bitcoin at a >75% higher level compared to the bottom and this will only get worse as time goes by since bitcoin continues to rise. $6k will soon be history too.

mk4

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Quote from: kingcolex on May 06, 2019, 02:00:24 PM

Quote from: mk4 on May 06, 2019, 12:17:42 PM

If there's something I've learned in the last 2 years concerning trading and concerning these so called "market analysts", is that I should never listen to these "analysts". Maybe listen to them if you have a thing with fortune tellers and magic crystal balls.

TA is mostly shit in crypto as well, if it was so simple to predict the market everyone would do it.

It sure quite is. I wouldn't say TA is useless with cryptocurrencies, but TA is far less unreliable with cryptocurrencies compared to some other stuff like stocks and other assets.

LUCKMCFLY

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Well, according to Wyckoff's theory, I rely on analyzing the market and now the market phase is in Accumulation for a long time, now at $ 6K it is taking a value or entering the corresponding phase, but it can rise even to $ 9ky it is still in the accumulation phase due to the area of opportunity that is there.

I do not follow predictions from others, but if we analyze the market, we should know very well that at the end of the accumulation stage there must be at least 70-80% of accumulated Bitcoins, but the fact of accumulating them before $ 6k for me does not have It makes a lot of sense, because in the same way it can fall again.

Bearing in mind that Wyckoff's theory establishes a Spring zone, there is a good chance that this area has been given or is about to occur, although it may vary, but in the market nothing is written, and in Crypto everything is possible.

creeps

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Quote from: kingcolex on May 06, 2019, 02:00:24 PM

Quote from: mk4 on May 06, 2019, 12:17:42 PM

If there's something I've learned in the last 2 years concerning trading and concerning these so called "market analysts", is that I should never listen to these "analysts". Maybe listen to them if you have a thing with fortune tellers and magic crystal balls.

TA is mostly shit in crypto as well, if it was so simple to predict the market everyone would do it.

Higher volatility makes TA untrusted but again it is still good to have an analysis before investing. The price can go down or up and its up to you whether to buy more now since everyday the price are getting stronger. We can break the resistance level on $6k if there’s a more good news, or if the right time has come.

huhhuh18

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You know one thing every day that we yell we have a bull run coming, we're not gonna get there that early because te market generally hates that. All people thinking same can make the price tank again...nevertheless, we'll rise up

tspmhack6

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Quote from: Adriano2010 on May 06, 2019, 04:54:25 PM

I think also bitcoin will reach 6000 $ this month, and people should accumulate not for only 6000$ but for longer time, and they always should invest only money they don't need, because until a bull run will come is good to hold and wait.

It's great when you think like me. And those who believe in Bitcoin always believe that Kiss

DreamStage

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First of this topic should be moved to speculations and not into Bitcoin Discussion.
Second, predictions are only predictions my friend. But those give some incentives on peoples investments as for new investors to show up and start buying just because someone "said" it will reach a specific price.
That's how pumps start. But take aknowledge on why the price rises and lowers before taking any immediate conclusions.

Adriano2010

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I think also bitcoin will reach 6000 $ this month, and people should accumulate not for only 6000$ but for longer time, and they always should invest only money they don't need, because until a bull run will come is good to hold and wait.

Nivia1st

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I think if bitcoin can break, this will make the market better. fluctuations are normal when the market starts running. I'm sure if bitcoin can reach 6k in Q2, and maybe in Q3 the price will go up high and almost all altcoins will increase

MirkoIta

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Quote from: Beerwizzard on May 06, 2019, 12:22:48 PM

And how they see the process of accumulation of coins? To get a price increase someone have to buy BTC, to accumulate BTC (considering that all of those investors are not trading secretely somewhere outside of exchanges) you also have to buy it. So in this case the process of accumulating BTC would immediately trigger the BTC growth without waiting for anythinf else. So if someone is accumulating something then we should witness a price increase.

I think with their "analysis" they hope to push people to buy BTC to accumulate while they dump their coins.

thankyoulord

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These analyst should for once allow people / investors invest their money in something based on their own decision instead of always coming up with analysis which is always 50/50. In the past i followed these analyst and later realize they just speculate and say things based on their own understanding. In the end we alone own our investment and should take decisions on our own.

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Quote from: Genemind on May 06, 2019, 01:49:57 PM

I'm sure that most investors are well-prepared for the bull run. Since they have known and witness how the market could change and move in just a short span of time, they have surely stored and accumulate Bitcoins and altcoins as their holdings. The 2017 trend now serves as a guide for most of the holders.
However, there are still investors who aren't well convinced that the sudden strong changes are the beginning of the bull run. They still want an assurance.

The 2017 bull run was a rare event and there is no guarantee that such rare events will repeat after regular intervals which is good since inorganic growth is bad for the crypto ecosystem on a whole.

The organic growth of BTC at present is what we all desire and that is how it will stay most likely. Forget these analysts and their predictions.

teejayrichard2

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When i want to invest in anything, i follow my instinct as i don't listen to these analyst. They maybe wrong, they maybe right. If you want to invest in bitcoin, do that because you willing and ready to take the risk, not because of what an analyst said. We have seen these analyst make wrong analysis in the past, so we just need to be more careful with these guys.

xvids

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Quote from: mk4 on May 06, 2019, 12:17:42 PM

If there's something I've learned in the last 2 years concerning trading and concerning these so called "market analysts", is that I should never listen to these "analysts". Maybe listen to them if you have a thing with fortune tellers and magic crystal balls.

True , It is just like listening to those crystal balls ,
We shouldn't always follow them you should learn to know what to do on your own.
Those market analysts that just tells you to buy without even a good proof is just making some hype.
There is a reason why trading have a chart learn to use it so you wouldn't fall for those sweet talks about having a profit if you follow their calls.

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