The calm before the storm? - page 2.

GeorgeJohn

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Quote from: michellee on June 21, 2021, 09:32:48 AM

Quote from: ashmodeus on June 21, 2021, 05:03:06 AM

Quote from: GeorgeJohn on June 21, 2021, 01:56:05 AM

Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.

well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.

Bitcoin will reach $220k someday, while we can enjoy the price now. And if the price is down deep than now, that will be the best time for us to buy more bitcoin because the price will increase again, although we might need a long time to see the price start increase. We hope this bearish moment will not stay for a long in the market and hopefully, everything will be back to the high price and we can make a profit.

Definitely no one is arguing the fact that bitcoin price will not accelerate again, but the problem is that many people are emphasising negative concerning bitcoin price, without flashback of previous years via Bitcoin price, in 2019 and 2020, the price has not gotten to this length except in the year 2017 bitcoin price made a hugged move, so comparing the values to now, it seems that their is a lot of differences, so the price will return to initial values of 2021, let us skip prediction because predicting bitcoin price is just like assumptions, so it does not work from my perspective.

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Quote from: ashmodeus on June 21, 2021, 05:03:06 AM

Quote from: GeorgeJohn on June 21, 2021, 01:56:05 AM

Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.

well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.

Bitcoin will reach $220k someday, while we can enjoy the price now. And if the price is down deep than now, that will be the best time for us to buy more bitcoin because the price will increase again, although we might need a long time to see the price start increase. We hope this bearish moment will not stay for a long in the market and hopefully, everything will be back to the high price and we can make a profit.

ashmodeus

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Quote from: GeorgeJohn on June 21, 2021, 01:56:05 AM

Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.

well , i just thought $220k still play like max keiser says, many institutional come like grayscale, microstrategy, even country like el salvador , and the price just still stand under 100k , itsn't funny to you ? , i prefer storm on positive think, its not over yet.

GeorgeJohn

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Quote from: janggernaut on June 08, 2021, 09:20:21 AM

Actually bitcoin even dropped to $31,xxx right now. Better ready with your cash or fiat to buy it on the dip of bitcoin really got to $30,000 or below than that. You can wait a little longer too before decide to buy or not.

Actually the price never been stable since this year and currently the price now is at 34k which is if we are waiting for it to come down again before buying it, it might be late, so what we have to do provided that the fiat or physical cash is there, is to buy and keep since the price is still within the range of 30k to 40k hopping that it will increase to to 50k to 60k before the year run down.

pooya87

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Quote from: btc_angela on June 20, 2021, 06:35:11 AM

I don't think there is a bull trap here, maybe catching a falling knife scenario.

It is neither. This is simply bitcoin going sideways, min is $30k and max is $40k. This type of trend is very common during big bull runs specially when they are accompanied by a large scale FUD campaign.

Quote

Not sure what causes another dump, maybe there are news that affected that price to go down again.

It is the same thing over and over again, as I said it is sideways. Price went from $30k to $40k then came back to $30k and will go back up to $40k again.
We could of course analyze it a bit more and associate it with some FUD about mining that started circulating again when the price came down but it was simply because the whalecumulators haven't been done accumulating so price wasn't ready to break $40k for now.

You can go back on charts and watch the same EXACT thing during the time when price was stuck in $3k and kept going up to $4k and came back down multiple times before it could break it and shoot to $8k in about a month.

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I browse crypto Twitter from time to time and the way the sentiment shifts is crazy. Today everybody is bullish. Yesterday everybody was bearish, before that it was vice versa and so on.

We are basically trading the range here from $30-41k or so. We can stay in this range until late Aug and people are going to get chopped to bits trying to long or short this. Hence best to wait for confirmation on the upside or downside first.

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Quote from: btc_angela on June 20, 2021, 06:35:11 AM

I don't think there is a bull trap here, maybe catching a falling knife scenario.

And since we briefly touch $40k, the price seems to go down to $34k, would like to see it going up to $36k, at least we are on the higher ups of $30'ish, but it seems that there are more selling this weekends. Not sure what causes another dump, maybe there are news that affected that price to go down again. But we will see, the market is very volatile, a jump or a dump of ~2k in 24 looks like the norm in today's bearish cycle.

I think that what we are seeing is a bear trap, the number of traders and money going short on bitcoin has increased dramatically which means that whales can liquidate those traders by pumping the market and erase all the resistance that has been accumulating, they have not done so because they are happy buying at the current price, but as soon as that changes then we are bound to see some rapid growth and a bunch of traders complaining about the volatility of bitcoin and the fact they lost everything.

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Quote from: btc_angela on June 20, 2021, 06:35:11 AM

Not sure what causes another dump, maybe there are news that affected that price to go down again. But we will see, the market is very volatile

There are 2 things here:
1. Week-end movements are not to be trusted. As simple as that.
2. The hash rate has dropped again and some were telling on twitter that mining got halted completely in Sichuan area. I don't know if it's true or not, but it can easily trigger some panic sales.

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Quote from: btc_angela on June 20, 2021, 06:35:11 AM

I don't think there is a bull trap here, maybe catching a falling knife scenario.

And since we briefly touch $40k, the price seems to go down to $34k, would like to see it going up to $36k, at least we are on the higher ups of $30'ish, but it seems that there are more selling this weekends. Not sure what causes another dump, maybe there are news that affected that price to go down again. But we will see, the market is very volatile, a jump or a dump of ~2k in 24 looks like the norm in today's bearish cycle.

I guess there were few people who believed that 40k was tested before this and failed and it will not break it again so they sold and this is the result. I would like to remind everyone that while we had the huge bull run from under 10k to over 60k, we stopped at under 20k, price moved between 19.6k levels to 17.8k levels, it went up and down many times before it broke 20k+, same happened around 50k price as well, it went up 50k and down under 50k many many times before we moved to 60k+ levels.

All I am saying is that just because it is trying to go up and failing doesn't mean that it will fail as well, it just means that it failed but it could still go up after a while as well, that is why I believe there is still a chance that we could go up 40k+ level if we insist on it, all we need is a consistent increase in the price for now and that will help us.

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Quote from: Taskford on June 15, 2021, 08:32:32 AM

Quote from: justdimin on June 15, 2021, 08:11:37 AM

Quote from: sana54210 on June 14, 2021, 12:40:14 PM

I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.

I do not see it going down at that level and I feel like there is going to be a good amount of chances for us to go back up again but while we have that chance we need to make a profit during that period and that will allow us to go higher and higher and it will be a lot better, it is just simply possible but depends on us.

Although the price goes up at the moment still we cannot trust this movement since I'm afraid we might caught by a bull trap that's why we need to do a extra precaution since anything is possible now especially the fear to hold is happening. I do agree that its goof for us to earn during that period but in some other case other people cannot do that since they already burned by last dump happened in the market.

I don't think there is a bull trap here, maybe catching a falling knife scenario.

And since we briefly touch $40k, the price seems to go down to $34k, would like to see it going up to $36k, at least we are on the higher ups of $30'ish, but it seems that there are more selling this weekends. Not sure what causes another dump, maybe there are news that affected that price to go down again. But we will see, the market is very volatile, a jump or a dump of ~2k in 24 looks like the norm in today's bearish cycle.

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Quote from: Taskford on June 15, 2021, 08:32:32 AM

Quote from: justdimin on June 15, 2021, 08:11:37 AM

Quote from: sana54210 on June 14, 2021, 12:40:14 PM

I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.

I do not see it going down at that level and I feel like there is going to be a good amount of chances for us to go back up again but while we have that chance we need to make a profit during that period and that will allow us to go higher and higher and it will be a lot better, it is just simply possible but depends on us.

Although the price goes up at the moment still we cannot trust this movement since I'm afraid we might caught by a bull trap that's why we need to do a extra precaution since anything is possible now especially the fear to hold is happening. I do agree that its goof for us to earn during that period but in some other case other people cannot do that since they already burned by last dump happened in the market.

Making out decision shouldnt really be in a hurry because that would surely cost you if the market tends to make some fake outs.

We should not remove the probabilities of fake bull traps and bear traps where it could happen from time to time this is why we should really be wise and careful.

We dont know on what comes next but based off with experience we do have at least some idea on what to do.

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Quote from: CryptopreneurBrainboss on June 13, 2021, 12:37:31 AM

Quote from: South Park on June 08, 2021, 02:06:40 PM

The FUD was so effective that almost all the weak hands have sold already, unfortunately we are seeing that those entities are still trying to use the same tactic against us, which is not going to work, after all anyone that has been in this market for years and was able to endure the winter that came after the crash of 2018 has nothing to worry about as it is very difficult that things are going to get as bad as they did back then.

Sadly they're succeeding, the fud with the old strick are still working because every bullish market brings in new set of noobs that haven't have to endure the winter of the market were everything is declining daily. When they see the bloodbath they just panic as they're not used to it.

Looking at how the market is paying out, I believe we have future fud coming, the decline isn't done yet although that doesn't mean I'm bearish on bitcoin. For the long term the sentiment is bullsih as I believe we'll be going into the main bear market late next year.

But for the short term, If we're to dip below $30k then you'll see the selling incoming in as the weak hands left would want to sell out especially those that bought at the $20k milestone we crossed few months back.

There is a strong possibility of that happening after all the weaker of the weak hands have sold already but it is likely they are planning to get rid of those that could still hold their coins by using more long term tactics, it is a shame but this is something that happens in every market with the difference that in the market of cryptocurrencies this happens extremely fast which scares people even more and makes FUD tactics even more effective than in other markets.

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Quote from: Taskford on June 15, 2021, 08:32:32 AM

Although the price goes up at the moment still we cannot trust this movement since I'm afraid we might caught by a bull trap that's why we need to do a extra precaution since anything is possible now especially the fear to hold is happening. I do agree that its goof for us to earn during that period but in some other case other people cannot do that since they already burned by last dump happened in the market.

I do not trust not because of what it could be, but because of what it was. We have seen 40k during this period and then it did went down once again, so that means the price could always drop as well as it could go up.

For the past 1 month I have believed that as long as there is no huge movement like go to 50k+ or go to 20k type of huge movement, then the price will keep stay around these prices, 35k to 40k is where we create a huge foundation and then work from there, either it will go down or go up but I think it is not going to change for now, all that future movement will be based on this huge price movement at around 35 to 40 price range.

Remember same happened with 5-10k range, it didn't move above 10k that frequently and didn't went under 5k that frequently neither, then we did the big move, maybe it will be like that until the next bull run?

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Quote from: justdimin on June 15, 2021, 08:11:37 AM

Quote from: sana54210 on June 14, 2021, 12:40:14 PM

I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.

I do not see it going down at that level and I feel like there is going to be a good amount of chances for us to go back up again but while we have that chance we need to make a profit during that period and that will allow us to go higher and higher and it will be a lot better, it is just simply possible but depends on us.

Although the price goes up at the moment still we cannot trust this movement since I'm afraid we might caught by a bull trap that's why we need to do a extra precaution since anything is possible now especially the fear to hold is happening. I do agree that its goof for us to earn during that period but in some other case other people cannot do that since they already burned by last dump happened in the market.

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Quote from: sana54210 on June 14, 2021, 12:40:14 PM

I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.

It will not take that long before it can make a big move, I mean it is not something that is sustainable to keep it at the same price for a very long time. Bitcoin is a volatile thing because there are no rules here, we do whatever we want and that makes it more manipulative and that is why the prices change all the time. That is why I believe there is a good chance we could end up with something very good or something very bad but it all depends on what we will do with the situation given, but it will not be the same for a very long time.

I do not see it going down at that level and I feel like there is going to be a good amount of chances for us to go back up again but while we have that chance we need to make a profit during that period and that will allow us to go higher and higher and it will be a lot better, it is just simply possible but depends on us.

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What is interesting is that a few days ago someone opened some $500,000,000 short position on bitcoin. That position is currently underwater, I think the average fill was like $36K or so. Nobody knows why they would open a position so big. Maybe they know something. However there is no other reason to open a position this big really. You can't make much profits by doing a cash and carry since the short is costing him more.

There is a good chance that this position might eventually get claimed by the user depositing the BTC and just closing the position without moving price. This happened before actually and when the position was opened was a top pretty much. Then a few days later they just claimed the position. Most likely did it not to move the markets too much.

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Quote from: SaShiRaJaVu on June 14, 2021, 06:10:10 PM

Quote from: sana54210 on June 14, 2021, 12:40:14 PM

I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.

Lets see how the current push will take us, i am also looking at how far we will stumble at the present resistance and i am not expecting the price to go below $30k right now, even if the market fails to break the resistance we might see the price gaining momentum once again after a minor correction and how long we will trade in a range is difficult to predict.

Resistance should be in the $42k range, so far we haven't breach it, the market is fluctuating heavily, but what I expect the Asian market is pushing it hard past $40k but I don't think it will have enough momentum to $42k.

So this is critical, if the price don't break that barrier, we might see another minor correction ~$40k. Let's see how it goes, gonna be exciting week for crypto investors and traders.

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Quote from: SaShiRaJaVu on June 14, 2021, 06:10:10 PM

Quote from: sana54210 on June 14, 2021, 12:40:14 PM

I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.

Lets see how the current push will take us, i am also looking at how far we will stumble at the present resistance and i am not expecting the price to go below $30k right now, even if the market fails to break the resistance we might see the price gaining momentum once again after a minor correction and how long we will trade in a range is difficult to predict.

Hopefully we would able to break the resistance this time and seeing 50k price once again but it seems the price is just trying to have some bounce it it do hits that resistance of 40k.

Lets wait and see on what would happen on next weeks or months to come and we need some adoption sentiment that could push up the price up.

It is actually hard to predict on where these prices could possibly go and as usual with this market where everything cant be known and which makes it
hard.

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Quote from: sana54210 on June 14, 2021, 12:40:14 PM

I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.

Lets see how the current push will take us, i am also looking at how far we will stumble at the present resistance and i am not expecting the price to go below $30k right now, even if the market fails to break the resistance we might see the price gaining momentum once again after a minor correction and how long we will trade in a range is difficult to predict.

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Quote from: danherbias07 on June 14, 2021, 10:37:08 AM

I had always thought it would be like a resting dragon again and I wouldn't mind that. After all, it had happened a lot of times before where after a dump it calms down for months.
$40k. Same assumption, like it's a trap to cut the small grass away before it goes higher. For some it will be a good deal, they could think it might be the right price to sell for ROI or whatever reasons they have. I think a short small dump will happen again this week.

Yeah, it is still holding off strong and I hope that it will continue to do that for a while and I am sure that will stay the same as well. I know 30 and 40 is a big range but that seems to be our limit, we are failing to go above 41k but we are insisting on not going under 30k, that is why I care about the current situation.

I do not know what is going to happen, but I still think there is no "major" moves coming up any time soon. Under 30k is "that" far off right now, with like a 30-40% drop it could happen but I feel like those big moves are done, we are depleted, nobody is buying a huge sum and nobody is selling a huge sum. People who want to buy do not want to buy now since it dropped and there is a chance it can drop more, but people who sell do not want to sell any less because we came from such high prices.

Topic: The calm before the storm? - page 2. (Read 800 times)