Topic: the bull run is confirmed. (Read 11307 times)

Indeed i also think is not ok to sell altcoins now, is better to wait for a bull run like happen on 2017 and only after sell, or at least to wait until the price grow so can get a higher amount, but now i think there is some correction and need to wait more for a bull run where we can have new ATH.

Bitcoin has been favour with a lot of new funds flowing into it from the investors. I can also "confirmed the current bullish trend using trendline indicator. "It is good we understand that", now is the beginning of another face of crypto coins markets.

Selling altcoins now is already bad, they should have sell early.
They are risking their future when selling alts especially if the current value now is down big time.
Due to the last bear market, most altcoins dropped to a very low price, so it's not a good idea to cut loss at the low price.
We know that altcoins will also have its chance to rise, as they dump hard, they might pump hard.

Maybe it's nice to start fresh money in buying bitcoin than selling alts for bitcoin.

It would have been the safest means, but you and I know that for now, no matter the increase, it still cannot be as high as the capital that was committed into the investment, and the more money you have in bitcoin, the more increase you will get when there is a sudden surge in price of bitcoin.

If one removes the capital, then the investment left which would be the profit now will be very slow in gathering profit when there is any increase in price, it is better we just leave all the capital and profit for the time the coin reaches its ATH, so that by that time, both the capital and the previous profit would have yielded bigger profit.

Everyone is an "Expert" and can predict the future when it comes to crypto, didn't you know that? It is funny though to see all these people come out of nowhere making predictions like they actually know what they are talking about. I've been guilty of it at times in the past, but I always say it is just my personal opinion and more of an educated guess than anything. It is simple as that, they don't want to miss the train resulting in panic buying.

You can reverse and take the capital or what do good with any of the two.

I usually take the profit and just watch the market with the remaining capital I have in investment. I hope that OP catch up with the quick phasing of the market that seems turning into bull run now.

We managed to hit 8000 for the fourth time within this week! This is literally the definition of a bull run.

We have moved more than 100% in less than 2 months, that is more than we could ever hope for in an increase, hell even when we managed to break 4200 and was at around 4600 people started to call it a bull run and even if that wasn't a bull run enough for people we are now at over 8 thousand dollars. That means we have moved much more than any other financial investment method out there, bitcoin once again showed that even though it is the perfect payment method out there it is also the greatest investment product as well.

People may love bitcoin because it has superb protections, decentralized and even for how easy to pay for something with bitcoin but the real awesomeness of bitcoin no matter at what point (even if it is 20k) you bought bitcoin, one day you will profit from it for sure and its not going to bankrupt on you like others.

Why not take the capital and leave the profit on your wallet? I think this is more effective and a more safe kind of investment. The bull is confirmed and many already make their profit, the market dumps small because investors take their profit its good to follow them. No one can say if the market will pump high, so secure your capital now and play only with your profits.

Do not forget that taking profit alone will also reduce the quantity of your holding and except you take everything out, convert it to fiat, remove the profit and hope that you get a dip price to buy from again. If you take profit alone, and something happens to the market, then the quantity of your coin that has reduced will also cause drastic reduction in value too.

If we are not a trader, I think it would just be best to leave the investment till we are able to reach the ATH, because Those who took profit at ATH will always be richer than those that took profit along the line. Taking profit along the line could also be risky because getting a dip price to buy again may be difficult.

after this continuous inflow of money to the market I think that the bull run has already started.
It is very optimistic to see that investors do not only invest in bitcoin but in altcoins as well. This shows to me that their is a huge trust for the industry and that this year is going to be a profitable one for anyone who was gathering crypto all this time.

I am not entirely sure what is considered to be a bull, at what point you call something a bull ?
For example, if the price went from 3400 to 3700 we wouldn't have called it a bull run, it was just movements that happened daily so nobody called it a bull (except a few excited people).

If the price of bitcoin moves from 3400 to 100k then we call that a great bull run for sure and accept it. However, when it moved from 3400ish prices to 8000 do we call it a bull? I think I would like to call that a bull run, that is more then double the price it used to be and then some so it could be a bull run for sure but is everyone agreeing with me ?

Maybe people want to see that 20 thousand dollars again in order to call it a bull run ?
Maybe some people think it will go back down so its not a big deal yet? I don't know what everyone thinks but to me it is definitely confirmed.

Good advise mate, yes, we should learn to take profit as we don't know what will happen ahead.
The market is moving really well, but it's so fast so bad things could come after the pump, if you will not sell you might end up regretting.
When you take your profit, you will minimize your possible loses but you can still expect a good return over time with the remaining amount you hold.
€ 500 is not that much as a capital, but a profit is a profit.

Technical analysis does indicate the market has turned bullish but that's not to suggest it will remain that way as there are many factors that could slow the momentum that is building, however it is looking increasingly positive for further growth and Bitcoin is increasing its dominance due to investors realizing just how much potential it has and are being more careful about what they invest in and no longer splashing out on any flashy new coins or tokens that may promise quick returns but don't represent long term viability

Take the profit and leave the capital, that's all you have to do.

And if you don't need for the meanwhile the profit you took out of your total money in coinbase, you can buy back but you need to watch closely the market.

This is not a subject of debate bitcoin is most trusted among all those altcoins as per its volatility and its volume traded although its somehow unusual seeing bitcoin pumps  while altcoins struggles I believe this will cause FUDs for altcoins hodlers who will dump them and buy bitcoin thus causing more dumps.
Bitcoin had really shown a good sign of recovery invariably its market is becoming bullish.

Yes, undoubtedly, now the prices of all major altcoins have decreased significantly, however, I assume that this is a temporary phenomenon and they will rise again to their previous levels in the next month and many of them are even higher. Therefore, now is a great time to replenish the reserves of altcoins for those who have not had time to do this before.

Yeah the bull run is well past confirmed. It was quite obvious April 1st when it broke out of the bottom that the bull run had begun. The fact that is stabilized for a month in the low 5000s was strong confirmation of it. And now the last week or so shooting from low 5000s to 7500 should make even the biggest skeptics or more conservative people be sure that we are now 6 weeks into the bull market. So far it looks fairly similar to the first month or so of the last bull market: pop out of the bottom, correct and stabilized or just stabilize for a few weeks, another pop up (which just happened) and stabilized after that.

The last bull market then went mostly sideways and a little up for some half year until the halving (or was it brexit? I see to remember the spike up around the halving time happened the day or day after the brexit vote). Anyway, I think the market is way too excited and growing to see a cooling off for half a year as the bull market gets ready to move further. So much cash is sitting on the sidelines waiting to come in, with Wall St titans starting to move in, and so much media attention on bitcoin these days. I don't see bitcoin taking a long break between the first couple pops up of the bull market and the rest of the ascent like it did last time. Things will probably happen faster than we all have been expecting, just like the bear market lasted slighly shorter than last time and the bottom of the market lasted only half of what it was last time. Big money is finally looking to get into the market and the retail market is gonna be dying to get in as prices keep rising. In fact I wonder if we could see a 2013-type double bull run this time around. If things move really quickly here maybe we'll see a first bubble in the next year and then a second bubble in 2021 reach the final peak of this bull market. hmm.

This is the clear picture of Bitcoin bull run because last year also it was growing well in this month. So better if you really like to trading you can earn good for Bitcoin in this month. But this is not a long term Bull run so one day it will grow and again it will fall, then maintain the constant level is possible in crypto market.

How can you just have €15 profit when we even at the lowest point this weekend hovered around $6800?

Either way, assuming your profit is 20% with the price hovering over $7200 right now, you might take out the profits and leave your initial €500 in the market. If the price dips, you can buy back more coins, if the price pumps, you still have your €500 worth of Bitcoin. I never let myself depend on one single direction, always two. It also significantly helps reducing stress/panic.

You are the type of person who buys in at the very peak and ride the correction all the way down. The bull run has started back in April.

Could we be so sure that this is actually a bull run? I don't think so. Many years in Bitcoin have thought me not to take anything for granted. To my opinion we are still in the phase of positive corrections and the upcoming weeks and months will show more clear picture depending on the development of situation on the market.