Topic: Settled at ~$6400 for now? - page 4. (Read 770 times)

People can't see longer than a few weeks or months. They always compare the Bitcoin's price with yesterday, last week or last months at the best.
Or they are young bitcoiner and not looking back to bitcoin's value history. You won't find any users old from 2 or 3 years complaining or dreaming about the price.
The price is growing over the years, as you point out. And everyone can see it, but some refuse to do so.

newbies and novices
imagine the price as the sea level vs the tip of the Alps mountain

at the tip of the alps. only 1 person at the very top took advantage of selling that the max price. just 1
where as EVERYONE can take advantage of the sea level bottom.
EVERYONE can today sell for more than the last 10month low of $5,800

yet the price has not dropped to that level since.
everyone can today take advantage and sell at over $5,801, $5802... and so on. but they are not.
so today the community combined has equally agreed that they wont sell below X which for the last few weeks has been $6k+
now while the cubs and calves play around above $6k we are still on a bull run from $5,800 because the WHOLE market has agreed on that.

ignore the 1 person who decided he wanted to buy at the peak and the 1 seller who decided to sell at the peak.
the entire community is agreeing we are in a bull market above $5,800 and have cubs and calves playing around the $6-$8k area

again using geography analogy
no one measures a sea level by the last tsunami's height. they measure it by the common agreement of what is the normal tide

cubs/calves are the low tide high tide that moves daily, seasonally
bull/bear are the sea level. the long term average of long term period

while typing this. the OP got proved wrong. the price is $6200. so the cubs and calves have still not agreed to play on a $6400 hill top. the cub chased the calve down the hill.
but the bulls are still above $5,800

Yes. +1

We could get used to these terms. Would make talks precise.

Its because there are still a lot of newbies thinking that bitcoin will always go on. parabolic rise. They forgot to realised that this market is very volatile and prone to manipulation. Year-to-year bitcoin is still up ($4000->$6500) so there's nothing to complained. Regarding bull run, might be next month or next year. My point is nobody really knows, if one way to find out is just to stick in the market and see how it goes.

Yes, things are still waiting for us in the front. From now to the end of the year will be really worth waiting for the growth

True. I see that most of the people here compare the current price with the ATH. Instead of this they should be comparing it with the lowest point of the year. Changing the perspective will change the way we trade. If you look at it this way then we can realize how much bitcoin is growing  over the year.
Expecting the bull run to return soon the price of bitcoin may rise soon.

Yes be strong. Bull is very coming, soon we will all reach the numbers we want. Do not forget, those who are patient will always dig.
But panic and sellers lose.

ignoring the highs. if you concentrate on the lows. and see where the lowest price of 3-6-10-12 month
you will see that bitcoin has always been on an upward movement

2016:  >$300
2017:  >$900
2018:  >$5,800

people need to realise the bull-bear switch over is not something that happens hourly or daily.
bull and bear are the longer term directions.

maybe what the financial buzzworders should use is
short term up = Calve (young bull)
short term down = Cub (young bear)

bitcoin has been bull but does get occassional calve and cub events

Goldman Sachs.

CBOE proposal.

BlackRock ETF.

Rolls Royce Dealership accepting Bitcoins.

September has and will be seeing a lot.

I can feel the heat. The bulls are coming. Something is gonna happen before December for sure.

Be strong.