The market is looking healthy and greener all over again - page 10.

GrayFullbuster

full member

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Quote from: cybersofts on November 29, 2018, 06:13:33 AM

What a sunny day for bitcoin and the cryptocurrency market? The market has added over $20 billion in the last 48 hours.
is that the sign for the next crypto bull run or this is just another pump by the whales to let people in and later cash out their money?
Are we on the verge of seeing another ATH very soon or it is just an ordinary pump... What y'all thinking?

It is just a cycle of the cryptocurrency market. There are times that the market is dumped and there are also times that the price of the coins are good. Like today, most of the cryptocurrencies experience a little increase in their price.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: EllieBasti05 on November 29, 2018, 09:24:25 PM

That is why bitcoin price is very volatile. As everyone saw bitcoin value is fluctuating then recovered 2 to 7 days. If the value of bitcoin continues to decrease many small time investors will loose their money. But $4300 value is not bad, and it look like its getting ready for total recovery.

That is the reason we should not spread that FUDs all over the forum as it recovers quickly.

A lot of posts I've read is Bitcoin dying again, Bitcoin and the market is red and all of that stuff but now it is recovering and people now are regaining that smile, that hope that the price might hit another ATH again though I don't think that will happen these year, it might be next year or the next next year but all I know is that the possibility is not zero.

EllieBasti05

jr. member

Activity: 95

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That is why bitcoin price is very volatile. As everyone saw bitcoin value is fluctuating then recovered 2 to 7 days. If the value of bitcoin continues to decrease many small time investors will loose their money. But $4300 value is not bad, and it look like its getting ready for total recovery.

Kemarit

legendary

Activity: 3080

Merit: 1353

I don't know I have a mix feelings about the sudden jump above $4200-$4300 as this might be a dead-cat-bounce again. Or speculators laying out its bear trap or its a false signal, we will see. Of course being a trader, checking the price and seeing it in green feels good. But once you look closely and analyze then everything chance. Somehow you should make your decisions and adjust your trading plan. Personally though, I'm not confident of the sudden reversal so trade wisely.

Harrisonimo

full member

Activity: 490

Merit: 101

We can sure still expect to see few dips to round off the year. But with the way things are at the current bitcoin price, one can only but be modest to choosing the 5,000$ as the closing bitcoin price for year, 2018. The green markets is just a glimmer of hope but will have to get to the 7,000$ mark by year's end.

Pumapipa

full member

Activity: 462

Merit: 100

Everytime I look at Coin Market Cap, then I see all green, it makes me very worried especially when there is a sudden pump, becaue I know that reversal is just around the corner. This year taught me to never be complacent especially when prices go green-- you'll never know when the next red will hit the market. For sure it will hit hard. For now, we can just relinquish the joys of this market and play our money very wisely.

Bobby park

member

Activity: 546

Merit: 24

Quote from: The Sceptical Chymist on November 29, 2018, 07:24:10 AM

Quote from: Baofeng on November 29, 2018, 06:36:47 AM

For sure. I thought that $4300 is a mental barrier

A mental barrier for who? People who bought in at $4300 and thought the price would never drop below that?

Hate to be a party pooper here, but this could very well be a dead-cat bounce. I'm not complaining whatsoever about the rebound in the past 24 hours or so, but it's only been a day and nobody here knows whether bitcoin's going to continue to increase or if this is something like short sellers covering their positions--in which case, there could be more pain ahead.

My advice (worth everything you paid for it): If you bought bitcoin when it dipped below $4000, sell it now and take your money off the table. And wait.

Its a good advise came from you sir! I think also that it is a short pull back for the market. All people who bought at 4000 dollars below should take profit right now or else they will regret once bitcoin dump again. Its horrible to invest in this market condition where we cannot predict whether the market is in trend reversal or just a hype.

bettercrypto

sr. member

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★Bitvest.io★ Play Plinko or Invest!

It's all green, but need to take note of the percent increase. If you'll notice that percent increase is smaller than every percent decrease. Accumulating through times in a week, the market is still on the downward trend. The good thing about the chart is the volume of cryprocurrency coming in. Hoping this will continue to grow.

aoluain

legendary

Activity: 2380

Merit: 1343

Of course the markets are looking healthier, they always do after a big
drop, this could also be as suggested a dead cat bounce and we could
see another sharp drop but it will be all right again.

All those who were fearful of the last drop will learn from this and know
not to panic when it happens again, and it will.

harizen

legendary

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For support ➡️ help.bc.game

Quote from: cybersofts on November 29, 2018, 06:13:33 AM

What a sunny day for bitcoin and the cryptocurrency market? The market has added over $20 billion in the last 48 hours.
is that the sign for the next crypto bull run or this is just another pump by the whales to let people in and later cash out their money?
Are we on the verge of seeing another ATH very soon or it is just an ordinary pump... What y'all thinking?

Your question is the same when the trend is quiet on a bearish mode.

So the bottom line here is; no one knows the accurate answer for your question. Even how well we analyzed it, overall it will be a speculation.

Just watched the progress and don't just make a conclusions using the recent short period of price movement as reference.

DAVETUN

full member

Activity: 728

Merit: 101

Bitcoin is the currency of this age

The expectation for the bull run to commence is high, but we have several dip in year 2018, not so good as we cannot categorically ascertain when the bull run will coomence, today sign of green does not mean the bull run is commencing, lots of investors have speculate that year 2018 will be fully meant for correction, we hope the bull run will commence in December at least to $5000, the future is bright no need to panic.

okala

full member

Activity: 980

Merit: 114

I sow that yesterday but it is not much encouraging as it looks like fakeout. Since morning it remains in the same area and that means it might fall again. The bull has no momentum to push the price further up. I think now still remains the best time for us to invest and if you are wise you will invest now.

dothebeats

legendary

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Merit: 1352

Cashback 15%

The support @ $3600 was never breached, and several days ago the bulls are testing $4000 only to have breached it yesterday and made a comfortable footing at the said range. This might be the start of a recovery but I'm not too optimistic yet since we've seen the same pattern happened last week: a slight increase and it went downhill from there. The climb back to $4000 seemed to be flawless and haven't met any resistance as of late, which makes me somewhat doubtful of what the coming weeks has to offer for bitcoin.

1Referee

legendary

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Merit: 1427

Quote from: unusualfacts30 on November 29, 2018, 08:26:39 AM

I'm not sure why so many people are complaining about it. I for one am happy that it's getting green and I hope it continues on this path. It may be dead cat bounce or not, we don't know but being optimistic helps.

People are realistic, that's a better term to use. If you look at how much the market has gone down in terms of percentages, current bounce up is nothing more than a tiny improvement of the sentiment. I would even like to say that the current bounce up is a textbook "recovery" before we are heading down again.

Of course, I hope that I am wrong and we are actually working on a recovery, but it seems too easy at this stage. As we have seen in the last couple of weeks, what people thought would be bottoms are now levels we are far away from. I like the volumes though. There is plenty of activity going on which is what we want to see in crypto. Volume = interest.

TheBlock

newbie

Activity: 14

Merit: 0

for me if the price is less means I can invest in it more Wink

no but actually I believe it will start moving up up in april hopefully!!

Lumi3004

jr. member

Activity: 462

Merit: 2

For me today is a little cheerful for people who invest in cryptocurrency, especially Bitcoin,
in this price move it can be said that is a good thing for Bitcoin today, I hope this will be the beginning of goodness and boost up for the market prices throughout the world, this is a good moment for all.

keyscore44

legendary

Activity: 2002

Merit: 1016

Quote from: ATMD on November 29, 2018, 10:11:38 AM

Hopefully the recent price rise is a sign of good things to come, being pessimistic does not help bring up the price, a market can flourish only when people are optimistic about its prospects.

It's true that we should always think optimistically, but even the greatest optimism will not help if the whales still want to manipulate the price and make people panic.

ATMD

member

Activity: 70

Merit: 12

Hopefully the recent price rise is a sign of good things to come, being pessimistic does not help bring up the price, a market can flourish only when people are optimistic about its prospects.

Shinpako09

legendary

Activity: 2058

Merit: 1015

Yeah, I was happy to see the market green again and all their negativity mindset seems gone as of the moment. Holiday season is approaching, hope this green will continue until Bakkt launched. If ever, we're going to have a much better 2019 compared this year 2018.

davis196

hero member

Activity: 3094

Merit: 929

Quote from: Dimon8 on November 29, 2018, 08:50:21 AM

I have a non-standard point of view, in my opinion, the market made a U-turn in order not to lose and keep interest in crypto currencies of investors and ordinary people. If Bitcoin fell below $ 3000, many small investors would lose money, it would be anti-advertising crypto. This can confirm that the crypto market is controlled.

Yeah.All the altcoin prices are controlled by bitcoin and the bitcoin price is controlled by the crypto whales,big miners and the cryptcurrency exchange platforms.However,something makes me think that the recent price crash was caused by a temporary lack of control,not by pure manipulation.The temporary lack of control was caused by the BCH drama.

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