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Topic: Sounds of bulls screaming - page 2. (Read 607 times)

legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
July 18, 2024, 04:49:01 AM
#30
Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )
While I'd agree it's too early to start celebrating Bitcoin price, it's still won't be out of place to be a bit excited though. Like you said, the first six months are often rocky for it's price but we are in the seventh month so probably it will be something good? Coupled with the fact that the Trump wave is still on, we'd definitely see some upward moves.

Besides the Trump wave, if we rely on history, believe in the 4-year cycle and believe that it will repeat, we are very close to this year's bull season. Not to mention the fact that the Fed will lower interest rates in September is also an important factor to help the market grow...there are many factors for us to be optimistic at this time.
Frankly, those who can survive this far have no reason to be pessimistic at this point when we are only a few months away from the bulls.
Mt.gox is probably the biggest and final fear we need to overcome, and once that fear passes, I believe the bull market will come very fast and strong.

https://www.cnbc.com/2024/07/16/traders-see-the-odds-of-a-fed-rate-cut-by-september-at-100percent.html#:~:text=There%20are%20now%2093.3%25%20odds,to%20the%20CME%20FedWatch%20tool.
hero member
Activity: 966
Merit: 620
July 18, 2024, 01:14:42 AM
#29
Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )
While I'd agree it's too early to start celebrating Bitcoin price, it's still won't be out of place to be a bit excited though. Like you said, the first six months are often rocky for it's price but we are in the seventh month so probably it will be something good? Coupled with the fact that the Trump wave is still on, we'd definitely see some upward moves.
full member
Activity: 784
Merit: 115
July 18, 2024, 12:55:59 AM
#28
The bull will comes soon. You don't have to worry and you needs to have more patience for the coming. The price still fluctuating without we know where the price will wants to moves exactly. But we can still accumulate more and more Bitcoin especially if we still have more money to buy Bitcoin.

The price is ups and downs and after we see the price gets correction yesterday, now we see the price trying to increase although it is a small increases. We still have a chance to see the price will go up to the high price and maybe this month the price will gives some surprise to us. If you wants to take profit in the upcoming high price, you can prepare to sell your Bitcoin at the high price you wants.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
July 17, 2024, 11:58:26 PM
#27
Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

People seem to forget as well that after ETF the bottom price of bitcoin will most likely never gonna touch $30k again, because it's simply too low for the value of bitcoin with wider adoption and with all the ETFs existing right now.
so whatever FUD being dumped into the market right now, will not last long, since the demand for bitcoin has increased by significant margin compared to previous bullrun.

just right now about 2 week after this topic was created price already getting back to $65k and despite the news of mt gox distribution through kraken and so on is being published by daily basis through various outlets, it still has no effect whatsoever Grin.
legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
July 17, 2024, 11:23:58 PM
#26
For now, the current price of bitcoin has starting to go back to normal and we’ll see how will bitcoin move upward from this. It may only be a slight increase, but the important thing the price never gets stagnant below $60k.
Yes, this is what is truly reassuring in the market, despite the large amounts of sales that occurred by the German government, which led to some decline, but the price of Bitcoin returned and recovered quickly and began to rise. This makes investors in general reassured and gives great confidence to the market.

This also makes long term investors very comfortable that they will receive their big reward after a long wait.
hero member
Activity: 2954
Merit: 672
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July 17, 2024, 09:59:26 PM
#25
"When in danger or in doubt, Run in circles, scream and shout." - Herman Wouk, The Caine Mutiny (1951).

Relax newbies (and consider buying the dip).  This, too (unlike the Balrog), shall pass. 😉😎
Everything is temporary with bitcoin. If you are seeing your investment at loss these days, don’t worry it won’t be prolong and in due time, you will come to see your investment in profits. Just stay calm and patient, and never rush into selling your coins just because others are doing so. Instead, find more courage to continue with DCA while the opportunity to buy is still available.

For now, the current price of bitcoin has starting to go back to normal and we’ll see how will bitcoin move upward from this. It may only be a slight increase, but the important thing the price never gets stagnant below $60k.
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
July 17, 2024, 07:20:16 PM
#24
Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.
No doubt about the bright days ahead of us regarding our bitcoin investment. But before the bright side ahead of us, I believe we would come across the dark side before that. Many people would let go of their bitcoin because they can't cope with the losses and those who believe in the future will end up seeing the brighter side of their bitcoin investment. There is no reason to complain about the downtrend market because it will not last forever, nor will the uptrend movement of bitcoin. Both happen at regular intervals, we can't predict the direction of the market
Now I think the dark side is almost over and we are most likely to see the brighter side of it. If this current trend will continue to show up in the market, I have no doubt that we will see a bull run within this year. But if asked if what could be the new ATH for this bull run cycle, I can't tell exactly but one thing is certain, we will end this year with exceptional profits as long as we can manage to hold our coins longer and not to fall for any price crash and suddenly sell our coins at a loss price.
sr. member
Activity: 924
Merit: 365
July 07, 2024, 08:12:27 AM
#23
Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.
No doubt about the bright days ahead of us regarding our bitcoin investment. But before the bright side ahead of us, I believe we would come across the dark side before that. Many people would let go of their bitcoin because they can't cope with the losses and those who believe in the future will end up seeing the brighter side of their bitcoin investment. There is no reason to complain about the downtrend market because it will not last forever, nor will the uptrend movement of bitcoin. Both happen at regular intervals, we can't predict the direction of the market
hero member
Activity: 3164
Merit: 675
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July 06, 2024, 07:32:22 AM
#22
I saw many new open long positions according to the Coinup app tool and from Coinglass and another thing is it looks like a bullish reversal pattern at 4hrs time frame we might see a reversal after a few hours I guess and see $60k level again.
I am not familiar with these apps which monitors the behaviours of traders still it is interesting to see the anticipation of upcoming pattern on bitcoin charts. Usually I do speculate about bitcoin market after such patterns appear but now apps are doing one more forward step on our speculations, really interesting thing. Basically I am not having any doubt on crossing again the $60k levels but now I started to hesitated on being confident about new ATH in 2024.

Everyone has to chill and think of it that whenever there have been some huge drops, the counterpart of it is that you should brace yourselves and be prepared for the upcoming recovery anytime soon.
Yeah, every drop is just another entry point. For those DCA investors, these drops are the points which helps to achieve better average buying prices. Bitcoin market definitely will not stay stagnant for continuous 2 or more weeks hence we will see a clear direction before end of this month for sure.
hero member
Activity: 1050
Merit: 844
July 06, 2024, 06:29:54 AM
#21
Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.
There are still bright days because it has been written in the saying that after darkness comes light, which means that after a period of falling prices like now there will be another normal increase in Bitcoin and we will all again see a good market from all sides. I also don't think that what is happening like now will continue for long so I still believe in the potential for another increase this year, although not to pass the highest price that has ever occurred this year before the halving approaches.
full member
Activity: 1358
Merit: 207
Catalog Websites
July 06, 2024, 05:22:18 AM
#20
Hope you check the current price in the market, before creating this trend op, because what is about to happen now is sound bear run and the price has started dumping to allow the wish of the people waiting for $50k to occur before they can buy and hodl for next bull run.

It will be good if you can show us your analysis that make you said that sounds of bull screaming op, because many hodlers are waiting to know if the bull run will still occur before the end of this year because they have experienced heavy bull run early this year. Don't allow the green candle light to make you feel or believe that bull run is about to flow in the market, because that is a sign of bear run that is about to flow in this season.
hero member
Activity: 742
Merit: 633
July 06, 2024, 05:02:13 AM
#19
ETF hype is over.

Just because Bitcoin price is declining, it doesn't mean Bitcoin will pump in very soon.

There's no correlation between dump will make Bitcoin bullish because the past two halving events, Bitcoin price relatively keep rising till it break new ATH.

But, people who have stable coin or fiat should take advantage over this dump to accumulate more Bitcoin.
legendary
Activity: 3080
Merit: 1353
July 06, 2024, 04:18:08 AM
#18
Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

I agree with you, the Fed will likely cut rates in September & that will coincide with the time that all the current selling & downward price pressure will subside. Q4 will be explosive & we will be laughing at all the paper hands who are getting shaken out now.

We will have to wait for that positive news, and for me, this is the biggest news that we all we have been waiting as usually it is a sign that the financial status of the US is improving hence it could give not just crypto but the rest of assets like Stocks and Gold a relieved and for sure there will be a huge impact.

Somewhat we have stay and support like holding at $56,000. So I'm not seeing it going down hard as it looks like the Mt. Gox negative news has been price in and so with that, we might go sideways again from $56,000-$60,000. And yes, bull run is imminent, we just have to wait for it to happen and maybe the last quarter of the year will be the biggest run in 2024.
hero member
Activity: 770
Merit: 538
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July 06, 2024, 03:54:48 AM
#17
I can't yet feel or hear the sound of the bull market screaming. For now, I think the market is cold, and it's going to be like that for some months before it becomes bullish again. Around January of this year, the Bitcoin price was low but started to become bullish until it reached $72k, and the price has stayed high for some months, maintaining a price not below $60k. We could start seeing just a bearish trend from now until November. If you continue to hold your bitcoin, you will definitely take advantage of the bull market. Now is the time to start accumulating again. 
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
July 05, 2024, 03:05:31 PM
#16
Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

I agree with you, the Fed will likely cut rates in September & that will coincide with the time that all the current selling & downward price pressure will subside. Q4 will be explosive & we will be laughing at all the paper hands who are getting shaken out now.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
July 05, 2024, 02:55:39 PM
#15
This downward pressure also comes as Mt.Gox restarted payments in Bitcoin and Bitcoin Cash this July.
Mt.Gox moved 47,228 BTC, signaling the start of the payment process, which has caused market scare due to the potential for a huge sell-off.
https://www.coindesk.com/business/2024/07/05/mt-gox-begins-repayments-in-bitcoin-and-bitcoin-cash/

Could you guys stop repeating lies and spreading FUD? I'd expect more from a legendary member.
Check the date on the Mt Gox announcement. They clearly say the repayment will start on the 5th. Before that date we managed to fall from $70k to $60k. Gox hasn't even repaid a single customer and bitcoin was already down 10% and fell another 5% when the announcement came out. This is pure FUD and overreaction, while the real sell pressure comes from miners and the German government. These are real sources of dumps, while Gox coins are IMO barely do anything. They put the word out that food is coming and dogs have already begun fighting for scraps.
legendary
Activity: 2716
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July 05, 2024, 04:49:50 AM
#14
I like the sound of that. Personally, I do feel like the possibility of just going back down to $40k sub price levels is there but just don't think we we'll be heading there in this current market downturn. Probably in a full blown bear market. We will probably go as low at $52K but I think that's going to be it. Then we get a reversal back to 60k levels and just range there until the weeks leading to the US presidential elections come. That is one event that would act as a catalyst for Bitcoin's future price. I'm tempted to get in hereso I'll just start DCA into Bitcoin here of the dip continues.
and now the price is back down breaking the $55k Support to the $54k price, if this decline continues as you said it will reach $52k and could even touch $40k.

This downward pressure also comes as Mt.Gox restarted payments in Bitcoin and Bitcoin Cash this July.
Mt.Gox moved 47,228 BTC, signaling the start of the payment process, which has caused market scare due to the potential for a huge sell-off.
https://www.coindesk.com/business/2024/07/05/mt-gox-begins-repayments-in-bitcoin-and-bitcoin-cash/

Now we just need to monitor and to what extent this decline occurs.
If you still have money in reserve, this is a golden opportunity to start buying back.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
July 05, 2024, 02:24:24 AM
#13
Certainly a good time for DCA if i'm being honest, though I will wait until it dips a little more but I bet the people that looking for an entry price back then when bitcoin was still $60k are nowhere to be seen.
truth is, the market movement always caught people off guard, at the time of the market looking very bullish it could just go down so sharp and same thing could happen with opposite scenario.

overall market isn't looking good and there are so many people bearish but I think really after the mtgox and ftx are done with their dumps in the future, maybe that is truly the time where an entry will be bountiful harvests.
but i'm not having the same vision with the alts though  Grin. as far as I know, so many big venture capitals that bought those alts especially layer2 at really low price is ready to dump.
so only stick with BTC and ETH at most.
sr. member
Activity: 658
Merit: 387
July 04, 2024, 05:29:42 PM
#12
In the bitcoin market, the best way to survive is to hope for the best to come out of the market any day and also prepare for the worst to happen anytime.
 
Institutional investors are already running into losses. As I read in the news earlier today, a draft of the Bitcoin ETF is losing about $544 million in just 6 days due to the recent price drop on Bitcoin.
 
Many investors who stock their portfolios with Bitcoin through the ETF were not expecting this. There is no certainty that we might not see more dip than this in the coming days, but whatever the case, maybe we will definitely see Bitcoin go back to $60k and above before the end of July.
hero member
Activity: 1176
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July 04, 2024, 04:11:16 PM
#11
Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.
Your words gives hope to holders and I am very convinced that a bigger opportunity is on the way that would make the price of Bitcoin to go to the previous high an continue the bull run. There are so many news that are flowing in and out making the price of Bitcoin to range. I am suspecting the momentum is going down for a bigger movement in the market. This might take some months before the price of Bitcoin would fully take the move to continue the bull which is what so many holders have been anticipating for. I am still doing my push up waiting for the price of Bitcoin to hit 100k.
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