Topic: The indices that makes bitcoin price (Read 577 times)
Its neither, people collectively as a crowd will alter pricing. Its more like sheep in a field then whales in the sea, after all the sea is altered by tides, waves and weather are all bigger then every animal in the sea. Its maybe a harder concept to grasp then the personalization of market moves to evil men with bags of money who can buy completely every market, most moves come gradually in accumulation even if the price alters rapidly in some moments.
Surely we could stay cool headed during a period like this, I know that it is not really that easy but these volatile times are the most important days in a crypto traders or investors life. If you keep on buying and selling hectically then you are going to end up with a loss unless you are a veteran trader. A regular trader does it every time, doesn't matter if it is a bull run, doesn't matter if it is a bear run, they do it all the same and they will end up doing it forever, even during turmoil periods like this.
But, what we need to realize is that these people also do not trade during these periods alone, they do it all time AND these periods. If you want to trade just because you see the prices like this, then you will end up with a loss, you either be a trader, or just hold until this period passes so you could trade during calm periods.
With this current market condition, it will be better that we should take a break from trading for a while while the market is very unstable. I guess the best thing we can do for now is just to buy and hodl. If we have more funds this time, wise investors should start buying in times of correction while the price is definitely cheap. What we have at this moment is just a healthy correction, and we are not at the bear season yet. So if we start buying now and then the market recovers, chances are we will start gaining profits for sure. But, what we need to realize is that these people also do not trade during these periods alone, they do it all time AND these periods. If you want to trade just because you see the prices like this, then you will end up with a loss, you either be a trader, or just hold until this period passes so you could trade during calm periods.
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?
Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.The price index is very positive in this one week, many altcoins are following the movement of bitcoin. will likely be followed by the newly marketed altcoins in cryptocurrencies.
The bitcoin market index has broken through its high levels in recent days looking like a household ladder.
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?
Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.The price index is very positive in this one week, many altcoins are following the movement of bitcoin. will likely be followed by the newly marketed altcoins in cryptocurrencies.
The bitcoin market index has broken through its high levels in recent days looking like a household ladder.
Events like this are conditions created by big investors to make bitcoin targets reach the highest price, when prices are unstable they will make massive purchases, so that at a certain time they will sell at high prices, this condition deserves their blame (PAUS ), even big investors have manipulated the market to get the bitcoin price to go as high as possible, only they have that power.
they're known whales in the market, and yes ever since before they're the only reason why market suddenly fell and suddenly makes hypes. Perhaps professional traders only can recognised them where they will gonna make pumps and dumps since they're very knowledgeable when it comes the structure of the market. Just saying because its very unpredictable to honest especially if you're just a simple investor. Now i know why a lot of people telling others to keep learning about crypto market because without knowledge it's like you're dashing money to some whales in the market. 
Surely we could stay cool headed during a period like this, I know that it is not really that easy but these volatile times are the most important days in a crypto traders or investors life. If you keep on buying and selling hectically then you are going to end up with a loss unless you are a veteran trader. A regular trader does it every time, doesn't matter if it is a bull run, doesn't matter if it is a bear run, they do it all the same and they will end up doing it forever, even during turmoil periods like this.
But, what we need to realize is that these people also do not trade during these periods alone, they do it all time AND these periods. If you want to trade just because you see the prices like this, then you will end up with a loss, you either be a trader, or just hold until this period passes so you could trade during calm periods.
But, what we need to realize is that these people also do not trade during these periods alone, they do it all time AND these periods. If you want to trade just because you see the prices like this, then you will end up with a loss, you either be a trader, or just hold until this period passes so you could trade during calm periods.
The support level at 50k is very strong so I am not worried about what we are seeing, I understand that there are some people that would like for the market to begin to grow already, but take this time as an opportunity for buying bitcoin at relatively good prices before the market begins to skyrocket again, now if you do not have cash around then that is problematic as the only thing left to do is to keep holding your coins, but it is better than the alternative of selling them and then have no coins when the price begins to go up.
I could have said it before as well but we managed to break down under the support level, it does happen and it is not a shock. Realize that bitcoin is something that is volatile and fragile at the same time. That is how we manage to go up a lot in price and that is how we manage to drop a lot at the same time as well. If the support and resistance levels were that much hard to crack, then we wouldn't have months where we go 2x higher, but at the same time we wouldn't be able to fall too much, even though not dropping sounds great, not going up like that is not great at all.The reality is that we can go up a lot, and we do not care about resistance points, whereas we also do not care about support all that much neither and we drop down a lot. This is why anything could happen, we could be under 50k, we could be over 70k, that is how much volatile we are in the crypto world.
I think bitcoin price conditions have not improved the last few weeks after breaking through the ATH level. Even bitcoin is currently entering a bearish phase because the price is still experiencing a significant correction. I predict the Bitcoin correction trend is not over yet and still has the potential to drop around 10-20 percent from its current price before going up again significantly.
The support level at 50k is very strong so I am not worried about what we are seeing, I understand that there are some people that would like for the market to begin to grow already, but take this time as an opportunity for buying bitcoin at relatively good prices before the market begins to skyrocket again, now if you do not have cash around then that is problematic as the only thing left to do is to keep holding your coins, but it is better than the alternative of selling them and then have no coins when the price begins to go up. 
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?
In my opinion, the current crypto market conditions have started to improve again after a few weeks ago experienced a very deep decline as a result of China's FUD news. The price of bitcoin is currently experiencing a high spike where the price has broken through the $57k level.bitcoin has started to improve lately and the market has broken through its highs after a price correction a few months ago. rumors about Chinese FUD not having much of an effect on bitcoin's movements are actually reversed. bitcoin broke through the high price of $57k again and continues to receive strong support from new investors.
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?
Those who are actually responsible for the conditions that occur in the bitcoin market, there are even times when they make a pattern of decreasing the selling value of bitcoin or what is called a correction, so that this condition is used by them to buy, investors always see opportunities to invest and they can also determine up or down. bitcoin's downturn, realize it or not, that's what they continue to do.However, if they want to see the market pumps, there are those positive news that will create significant pumps in the market and will most likely affect the whole crypto market. In this way, if the decide selling their coins, they will gain huge profits especially if they have bought them from the dip and sell them at their new heights.
It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish. Some price levels are related to a rough sentiment that would match that amount of movement in the price. I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.
Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October.$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.
the bitcoin market I see is very weak and needs strong support in order to break through the latest $67k reset. even though there had been a strong bull run after the launch of the Bitcoin ETF, but after a week there was an immediate market price correction. I don't know what caused the market price correction to occur, causing it to last a long time.
Of course, the rules of the game have changed a lot now, it is no longer available for some individuals or whales to manipulate the bitcoin market as before because there are large institutions and companies that entered the game and it became very difficult for a whale or one individual to manipulate the market, of course it is not impossible, but it is much less than before, there are many One of the important factors that affect the price of bitcoin, down or up, is that it is difficult to predict the movement of bitcoin accurately. But of course you can determine whether the general trend is bullish or bearish.
I still believes that the total amount of Bitcoin holding also contribute to how influenced it have on the market, be it whale or institution holding. The company percentage are still very minimal compares to individuals who are holding large amount of Bitcoin in they trading accounts. $70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.
Even I agree with you, we are having more than 24 hours left in this month which must be more than enough time for bitcoin markets and its potential to get into anything around $70k levels. If you have noticed that weekends are known for stronger bullish trend hence anything could happen by this weekend which again may get bitcoin prices to be ending up this months around $70k levels.All the technical may start in favor of our bullish speculation when some spike do happens. I mean I agree that technical are basic driving force still I have seen many occasions where market force overriding the technical parts. It means to make any indicators to favor reaching $70k just another good rally will be enough. All the indicators are just lagging and may change according to market fluctuations; means nothing final.
It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish. Some price levels are related to a rough sentiment that would match that amount of movement in the price. I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.
Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October.$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.
the bitcoin market I see is very weak and needs strong support in order to break through the latest $67k reset. even though there had been a strong bull run after the launch of the Bitcoin ETF, but after a week there was an immediate market price correction. I don't know what caused the market price correction to occur, causing it to last a long time.
It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish. Some price levels are related to a rough sentiment that would match that amount of movement in the price. I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.
Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October.$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.
It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish. Some price levels are related to a rough sentiment that would match that amount of movement in the price. I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.
Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October. Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.
I strongly believe that the decline in September month got nothing to do with acceptance of El Salvador but that was purely due to China's declaration of all crypto related activities as illegal. Now, bitcoin ETF is about to go live in USA which must be the prime reason why we are again near to ATH and all the above the market sentiment must be another big reason why we are about to have new ATH. Most people are positive about getting into $100k levels and that way bitcoin market started to obey because we are the people who speculate and same people are ones who move the markets. i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?
Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.The price index is very positive in this one week, many altcoins are following the movement of bitcoin. will likely be followed by the newly marketed altcoins in cryptocurrencies.
The bitcoin market index has broken through its high levels in recent days looking like a household ladder.
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?
Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so. 
If you see the price is down fast and seems to crash, you do not need to panic because we will see that happen many times in the crypto market.
I'm sure that those people who are all into bitcoin markets for years definitely will not get panic when they are watching market crash but at the same time it must be a basic human nature to get panic when their hard earned money is melting down; I mean bitcoin market will have all types of people (some stay calm always and some may not) still bitcoin got all the power to prove its potential in the end to all of us.Yes, we are humans who can panic related to the current situation, but we can take care and handle the panic so that it will not become bigger. But if we see the market in a bullish trend, we become greedy and want to sell at the next higher price. Once again, if we can not control ourselves, we will not sell our coins to profit.
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