Seems like the bullrun is over this year! - page 2.

ardentvolcanoes

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Quote from: militiariko on December 06, 2020, 12:47:25 PM

Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

There is no how to define or determine that the bullrun is over this year; bitcoin price movement is still firm and in an correctional state; it is normal for bitcoin and crypto currency to experience a bull run; then a price correction which follows almost immediately. Before investing during a bull run; ensure that you will have an opportunity to take profits. Always do your own research.

Ensure that you are prepared to whatever things that will happened. Many newbies forget about doing their research before taking their step inside

this market, crypto / bitcoin is really volatile and have a lot of fluctuations. If you are not aware you'll lose in a blink of an eye but if you have knowledge

about it then the chance to earn is also good and very possible.

NorrisK

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I wouldn't mind a nice retrace back to 16k or so by January 1st. After that it can go full bullmode and blast those targets. Saves me some in taxes Wink

KTChampions

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Quote from: newwest on December 07, 2020, 05:50:52 AM

Quote from: KTChampions on December 07, 2020, 04:50:42 AM

I must note that we arrived at the current levels rather slowly - nothing like a hype or a bubble, it looks like a simple organic growth. If the hype does arise, then bitcoin can make a huge jump from the current levels (I'm sure there will be a deep correction later, but it will be later).

Organic growth is the best thing to happening bitcoin rather than a sudden rise of couple of thousand $ instantly and then falling more badly and quickly. So this growth could mean that it could be long lasting and we just might see the beginning of 2021 with above 20k as currently it is still trading around 19k .

Exactly. That is why I am not a bull run and hype enthusiast - they usually end badly and there are a lot of disappointed people who then hardly perceive the crypto as a good tool to use. I would be glad even if the price stood still, but the area where you can use the crypto was increasing.

Viscore

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Live with peace and enjoy life!

Never say that it was over. In fact, we still remain high at $19,000 plus, the momentum still there and even we saw a few dumps in the past days moving back below $18,000 but it climbs back again. $20,000 has near to reach, probably it takes a few days or even weeks to finally get it. We still have a few days before we end this year, the thrill isn't over yet, and thus can't till when Bullrun is over.

newwest

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Quote from: KTChampions on December 07, 2020, 04:50:42 AM

Quote from: ?? on ??

Bullrun is just about to start, Bitcoin price is still above $ 19000,
if Bitcoin experiences only $ 2000 then Bitcoin price reaches a new ATH,
this will happen as soon as possible don't worry about that bullrun will end,

I must note that we arrived at the current levels rather slowly - nothing like a hype or a bubble, it looks like a simple organic growth. If the hype does arise, then bitcoin can make a huge jump from the current levels (I'm sure there will be a deep correction later, but it will be later).

Organic growth is the best thing to happening bitcoin rather than a sudden rise of couple of thousand $ instantly and then falling more badly and quickly. So this growth could mean that it could be long lasting and we just might see the beginning of 2021 with above 20k as currently it is still trading around 19k .

hossamdz

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rule number 1 in crypto : never invest what you are not ready to lose , im sorry for your loses .
for the bullrun and exactly altcoins's its not started yet because bitcoin is taking all the dominance so bull run can start anytime tomorrow and can start in the next year , nothing is confirmed yet.

KTChampions

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Quote from: ?? on ??

Bullrun is just about to start, Bitcoin price is still above $ 19000,
if Bitcoin experiences only $ 2000 then Bitcoin price reaches a new ATH,
this will happen as soon as possible don't worry about that bullrun will end,

I must note that we arrived at the current levels rather slowly - nothing like a hype or a bubble, it looks like a simple organic growth. If the hype does arise, then bitcoin can make a huge jump from the current levels (I'm sure there will be a deep correction later, but it will be later).

mardaed

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Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

Does your daughter knows that you use her money? Well don't expect you will gain profit after 3 days you should wait a couple of weeks maybe or months or longer for long term investment so far the price of the Bitcoin is at its peak (or not) we should wait until 2021 to see what will happen.

cytpoway121

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Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

You never can tell when the bulllrun will be over; because in this month alone; there has been price correction and bitcoin even went back to 19,000 before another correction; a mistake i think you made is that you refused to draw out a plan, research, monitor price charts and analyze bitcoin price movement. Instead of buying the dip, you bought the hike. Also more importantly; you should use funds that you can part with (with no pain) for bitcoin and crypto currency investment.

militiariko

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Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

There is no how to define or determine that the bullrun is over this year; bitcoin price movement is still firm and in an correctional state; it is normal for bitcoin and crypto currency to experience a bull run; then a price correction which follows almost immediately. Before investing during a bull run; ensure that you will have an opportunity to take profits. Always do your own research.

darewaller

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I understand that people do not like it when others tell them that they are wrong. After all we would like to believe that we are all right, however at the end of the day we are all humans and humans do make mistakes.

I believe this topic is all wrong, we are not going to suddenly stop the bull run. If we are going to ever see a stop of the situation, it should be taken a lot more significantly and we would see it, however there is nothing significant about our falls of recent, and we have recovered from them pretty easily as well. Which goes to show you that we are not going to stop with the bull run, we are going to have a lot bigger increases very soon.

All I can think of right now, is maybe we are going to give a little break that is all to take a breather and that is only natural after increasing this much.

jostorres

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The price moved really fast to that high, I was not expecting it to be that high within a short time like this. I thought it would have taken more time to be going slowly until it achieves that high price and eventually reach a new ATH price, because judging with how it has been moving earlier this year, it was giving like about one month gap before crossing to a new price, but this time around it just moved with speed and he next thing we have it $20,000 and almost approaching the ATH. Maybe it’s all these Grayscale, PayPal and the rest of them that triggered the fast move hence in my view, bull-run is not yet over; expect more exciting days ahead.

gabbie2010

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You are too hasty in expecting to a making profits after investing in cryptos in few days having forgot that investment in Bitcoin is a long term project while the overall market conditions now is very bullish you ought to have waited for a minor pullback before buying not just buying at peak, beside its not advisable to use your daughter's fund for investment bearing in mind that you will have to wait for months or years to make decent profit of your investment.

michellee

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As long as he is not in a rush to sell the bitcoin he holds, he can recover the losses. It is just beginning, and even if the price now is down, it doesn't mean that the price will be staying at the current price because the price will have another time to start another rally. He needs to be patient and not trying to cut loss if his losses are too big, and it is better to hold the bitcoin. He can say to his daughter that we need more time to profit because the situation now is not right to make a profit. I think if he can explain better, his daughter will understand and will follow his suggestion. But that will be different if his daughter needs money because that can make him sell the bitcoin at the current price.

blckhawk

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Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

First of all, why would you invest the money saved by your daughter for 3 years? It's kinda dangerous I'd say, remember that you should only invest the money you can afford to lose. Anyway getting back, I don't think that the run is over but rather I think we are only just in the beginning, yeah we can say that Bitcoin is just hovering around the $19k USD mark and making only subtle changes but it doesn't necessarily mean that it is over. Besides people keeps accumulating. So what if it is December, yeah folks may be liquidating their holding for this month but I doubt this will affect the market that much, it wouldn't be like we had way back in December 2017 because the growth is much stronger now.

Pamadar

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Quote from: pilosopotasyo on December 05, 2020, 08:50:42 PM

Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

You should have not invested your daughter's savings without understanding what you are investing into, we have a very popular saying here "only invest what you can afford to lose" you should understand this you are not doing research on how the market works you only care about greed this is the easiest way to lose your investment following your greed.

Before you invest you should know all the grounds around the market that you are dealing with.

Bitcoin is very volatile, without proper understanding you'll lose your money that quick, like what happened to you, that movement
lead you to lose your daughter's savings, it shouldn't happened if you know that after the dumped, pumped will take place, it's timing
that you need to know to earned from this venue of investment.

pilosopotasyo

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Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

You should have not invested your daughter's savings without understanding what you are investing into, we have a very popular saying here "only invest what you can afford to lose" you should understand this you are not doing research on how the market works you only care about greed this is the easiest way to lose your investment following your greed.

magneto

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Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

That's not investing. It's pure speculation (which fits this board).

I doubt the bull market has come to a conclusion. There seems to be a general market consensus that it'll be a matter of time before $20k resistance is breached. Whether or not $20k can be established as some form of psychological support begs another question altogether.

But the fact is that you are not playing with your own money. I don't know the significance of the savings to your daughter, and whether or not you are even authorised to access it. If you are not, I suggest you withdraw your investment or at least consult your daughter before you proceed - that's my bottom line even as an avid long term BTC holder.

crwth

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Your username summarizes what you did with your daughter's savings, Lol.

Anyway, When did you do it, though? Upon looking at the chart

It plays around the range of $18500 ~ $19200. I doubt you already lost a lot of money, but you could still recover it depending on your market position and ability to use stop-loss if you were wrong in your prediction.

Definitely, the bulls are not yet giving up. There's still a possibility of running upwards depending as well on the different institutions that buy BTC.

TimeTeller

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Quote from: error08 on December 05, 2020, 06:51:19 PM

Quote from: Lmaooo on December 04, 2020, 03:29:33 AM

Quote from: pooya87 on December 04, 2020, 01:55:31 AM

Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

3 days ago yet the market is tumbling.

Bitcoin is not supposed to go up every single day of the year! This is not some pump and dump shitcoin that is here to give people quick profit before it dies again. Adoption and rallies take time, they can't happen over night.
Over the past 30 days price has gone up 42%, what else do you expect?

Of course, you are right but I remember what happened in December 2017 just like yesterday.

The reason why I'm asking is that, most people cash out in December and that may cause a major market crash.

The market still going sideways as it gives the impression that bitcoin will go down and will go up, as the support and resistance levels are both resistants at the moment.
The bull run isn't over yet and your daughter's money will recover as long as you're willing to wait, set a goal to sell, and be prepared to cut loss if you can't wait for months.
However, bitcoin suppose to reach the ath in the next year, probably around $30k-$50 and some predict it may reach $100k.

It seems that the OP is hoping for get-rich-quick here. You can't expect to earn high profits in a matter of days.
If he's into crypto since 2017 (as what the profile says), then, he knows how btc market behaves.
And that time, he had seen a lot of ups and downs in the market, and just because we are almost seeing the ATH price of 2017, he may be thinking that he can also see that price again easily.
The crypto market today is very different than in 2017. And in terms of adoption, definitely, we are doing much better today.

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