The re-accumulation period is in - page 3.

fullhdpixel

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Quote from: mersal on October 04, 2019, 03:58:29 AM

Different charts,different views and different explanation,so yeah we need to move to the next prediction of halving from BAKKT launch since it was failed until now.Everyone guess that the real bull market will start after the few months of halving so I too agree that until every investors have chance to buy bitcoins.

Lol. I wonder why we predict without actually getting the right fact, when bakkt was about to be released, I actually sat down to relate the operation of bakkt to bitcoin and I really don’t see much correlation between both, bakkt expectation to make bitcoin surge is just like us expecting that an exchange release will make the value of bitcoin go up.

What will naturally make the value of bitcoin shoot up is either we get a particular encouraging factor that will make people come at the same time to invest which they usually call investment out of FOMO, or we have some financial institutions with billions of dollars that saw the need to use the cryptocurrency market and then put in such money. What should have naturally be increasing the price of bitcoin is not functioning very well because we don’t use it which is for us to make payments among ourselves.

STT

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Seems like a good long term view and idea of various phases to the pricing; I agree the market has 'moods' to its movements. Just looking at the last halvening, I can remember disappointment and price falling as people did not get the immediate rise hoped for but also longer term the price never really lost its previous gains and that was quite bullish.
This chart is LOG scale which makes it a bit of a fish tank view but its fair enough in % terms.

Quote

missing a buying opportunity

I agree so long as there is a benefit to society from the continuation of that particular blockchain, its a steep gradient for any alternative to BTC as many now arent as willing to give it leeway with the idea of growth a 'new dawn' in this crypto sector.
I was also thinking thats alt coins arent especially over, its likely ideas for innovation continue and people keep trying to use the technology in various ways. I'm still waiting on Proof of stake to really be proven as viable or not, surely the market will test every alternative. I have no belief the way forward will easy and straightforward, I think we have many crossroads.

7788bitcoin

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Quote from: The Sceptical Chymist on October 03, 2019, 08:45:55 AM

Altcoins aren't dead, just taking a break like they've done many times in the past. If you think they're dead, you're missing a buying opportunity IMO.

Altcoin is a broad term, we have seen many coins coming and going in the top twenty list many times and majority of the coins are dead and i never expect any movement in those. The top coins like ETH, Monero, Litecoin might have some movement in the future, other than that i do not expect any exceptional rise in price.

Quote from: The Sceptical Chymist on October 03, 2019, 08:45:55 AM

A trader who doesn't have "resources to keep their own" bitcoin probably won't be using Bakkt at all.

You cannot be a bitcoin or any form of trader if you are not able to access internet or you are not having the hardware required to access those let alone Bakkt Wink

.

@OP When ever the price goes down you can consider it as an opportunity to invest, it is all perception on how you view things Wink

.

mu_enrico

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Quote from: 1Referee on October 03, 2019, 06:07:22 PM

If you want

I want you to earn more merits Grin

Ok seriously, my opinion != my needs/wants.

Quote from: alyssa85 on October 04, 2019, 01:39:41 AM

It depends very much on the alt doesn't it? At some point someone is going to make an alt that has features retail investors and users find attractive and useful. At which point that alt will do what Facebook did to MySpace.

Bitcoin is not all about features mate, security/hashrate matters. Unless we see some radical change in the mining landscape, I don't think we will see a new champion anytime soon.

deisik

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Quote from: pereira4 on October 02, 2019, 12:41:14 PM

4) OTC options like Bakkt are ready for boomers and computer illiterates which want exposure to Bitcoin but have no resources to keep their own

I always thought Bakkt was for institutional investors

Indeed, you can say that fund managers are computer illiterate as well as some of them boomers but that's likely not what you actually meant. It seems you can't reliably expect a surge in the influx of institutional investors (like pension funds) until they are officially allowed to invest the money they manage (including the money coming from these two cohorts) in cryptocurrencies. And we are not there yet (at least, as far I know)

dimonstration

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Dimon69

Reaccumulation is really good to do now when we plan to accumulate and continue holding or for trading too but the Graph mostly refer in halving whenever it is near to occur, though it helps to make the market grow whenever it about to happen but not to the point it will push to bull run. Nevertheless, accumulating more bitcoin can help us earn when the markets bull came out.

meliodas

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In my opinion, it is really happening. The whales are slowly but surely accumulating bitcoins and other big cryptocurrencies again and the best way that we can do right now since we don't have a connection or insider's info from the group of whales is to buy big cryptocurrencies in a regular type of way so we can do averaging and get the best deal for our cryptocurrency.

micalith

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Well, the pre-drawn graphic is a bit tricky. History repeats, this is how technical analysis works. In order for an estimation to be true, the time periods should be similar. For your graphic, I see that some of the periods that you have provided seem to not get along with the previous ones. But I agree that there will be an accumulaiton period but it may not be the one that you have provided.

redsun114

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Quote from: CryptoBry on October 02, 2019, 09:37:34 PM

I could not understand why many people who are into Bitcoin can easily be led to desperation whenever there is a dip in its price movement. All they have to do is to search Google to look for answers for the "predicament" that they think they are in. Bitcoin is not known to be very volatile for nothing and what we experienced in the past few days is just manifestation of this character and nothing to worry about. I am happy to see that some people made the effort of posting charts so as to tell us the truth that this is just a very temporary thing and that instead of looking at it negatively we might as well increase our Bitcoin exposure or holding. This is the time to accumulate more.

Let me shock you mate, volatility of bitcoin is really a case and it really takes someone who created the coin itself not to panic sometimes, which is why I don't blame those who are asking question, they are just looking for assurance that they are making the right decision to either stay or leave.

I have been in a situation where I have advised people several times not to panic and to make them understand that it is volatility of bitcoin that is giving way for all these fluctuation which we need to learn to deal with, but at the same time while advising of these, I myself sometimes is still filled with little fear and it is because of some of the manipulators that we have in the market, it is not every fluctuation that we see is natural, some of them are being caused by those whales too.

tadpole_bitfrog

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Many people predict that the price of bitcoin will rise to $ 22k, but I think that will not easily happen so soon. I don't believe the sharks let the bull run run so easily. They will create a big trap to pump the price of bitcoin in a short time and will dump it in the night when people sleep. so this halving event I will just look and not make any purchases.

mersal

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Quote from: elda34b on October 04, 2019, 06:22:40 AM

Quote from: mersal on October 04, 2019, 03:58:29 AM

so yeah we need to move to the next prediction of halving from BAKKT launch since it was failed until now.Everyone guess that the real bull market will start after the few months of halving so I too agree that until every investors have chance to buy bitcoins.

Bakkt was always overhyped. And who knows, sometimes the market behaves differently from what the majority thinks. I still hope we see $100k for one bitcoin, though.

I believe whales did the thing after BAKKT launch because everyone expecting price bloom so they acted in right time and grabbed some money now they will be waiting for the perfect time to buy back and real investors will lose again if they don;t have confidence in long term goal of bitcoin.

SaShiRaJaVu

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Quote from: alyssa85 on October 04, 2019, 01:39:41 AM

It depends very much on the alt doesn't it? At some point someone is going to make an alt that has features retail investors and users find attractive and useful. At which point that alt will do what Facebook did to MySpace.

To see a major adoption you need to have a bigger influence in the market and if the corporate world like walmart or other retail giants come up with an alt coin that can be used for purchase and if they give offers for using them, then it will become a major hit but for that to happen they need to spend a lot of money to have a market reach.

Quote from: elda34b on October 04, 2019, 06:22:40 AM

Bakkt was always overhyped. And who knows, sometimes the market behaves differently from what the majority thinks. I still hope we see $100k for one bitcoin, though.

The hype just reflected on the market and hence the price went down after the release of Bakkt. There is nothing wrong in dreaming the price of bitcoin reaching $100k in the distant future and everyone who invested their money in bitcoin foresee a price like that.

Sithara007

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Quote from: mersal on October 04, 2019, 03:58:29 AM

Different charts,different views and different explanation,so yeah we need to move to the next prediction of halving from BAKKT launch since it was failed until now.Everyone guess that the real bull market will start after the few months of halving so I too agree that until every investors have chance to buy bitcoins.

There was too much hype surrounding Bakkt and some of the whales tried to pump the exchange rates using the Bakkt excuse. But the indications are that Bakkt is picking up pace. According to Coindesk, more than $5 million was traded during the first week and trends indicate that the volumes continue to increase at a slow, but steady pace. In the coming weeks and months, we may witness much higher trade volumes.

Industry heavyweights such as Dave Weisberger (CoinRoutes) and Damon Leavell (Intercontinental Exchange) have praised Bakkt for having very tight bid-offer spreads in the market, and also for the strong industry participation. But they are also of the opinion that Bakkt will take some more time to evolve and achieve the sort of volumes that were expected from it.

elda34b

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Quote from: clickerz on October 04, 2019, 05:02:03 AM

I am expecting below $7,500, but with current situation, seems will not happen anytime soon. Support is strong at $8,000 range, hope to have mini bull run before the year ends.

I see a lot of channels also calling a move to break a $7.7k range. I hope it will stabilize around $8k, so my alts can grow a little bit.

Quote from: mersal on October 04, 2019, 03:58:29 AM

so yeah we need to move to the next prediction of halving from BAKKT launch since it was failed until now.Everyone guess that the real bull market will start after the few months of halving so I too agree that until every investors have chance to buy bitcoins.

Bakkt was always overhyped. And who knows, sometimes the market behaves differently from what the majority thinks. I still hope we see $100k for one bitcoin, though.

coin-investor

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Quote from: pereira4 on October 02, 2019, 12:41:14 PM

The chart aligns with a perfect timing for:

1) General public has been demolished and demoralized. Everyone that is still hasn't realized altcoins are dead are about to.
2) Huge updates coming for Bitcoin, start reading on this for instance: https://arxiv.org/abs/1905.10518
3) Halving comes at the right time
4) OTC options like Bakkt are ready for boomers and computer illiterates which want exposure to Bitcoin but have no resources to keep their own

How much are you buying monthly?

I believe in you, next year is very promising, could be the best momentum going for the next all-time high, although there are people with negative thoughts about market situation, they cannot ignore the fact what you have outline and the graph that you are showing,
people should be ready for the next year's halving, the best that you can do is to accumulate as many as can but not to the point that you invest all your earnings.

clickerz

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Quote from: AjithBtc on October 02, 2019, 09:19:52 PM

This can be considered the time to accumulate as much possible based on various reasons.

The price has been found low to $8500
More predictions stating the growth to happen anytime soon
Better than bitcoin, it is time for accumulation of altcoins
Altcoins were very low in value, and these days there is recovery
with most trusted altcoins
Halving happening by 2020, and a big update on ethereum network

This is also what I observed and believe. As most would say that anything below $10,000 is a good buy, I concur. $8500 is still a conservative price and I am expecting below $7,500, but with current situation, seems will not happen anytime soon. Support is strong at $8,000 range, hope to have mini bull run before the year ends.

mersal

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Different charts,different views and different explanation,so yeah we need to move to the next prediction of halving from BAKKT launch since it was failed until now.Everyone guess that the real bull market will start after the few months of halving so I too agree that until every investors have chance to buy bitcoins.

SummerBliss

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Quote from: pereira4 on October 02, 2019, 12:41:14 PM

The chart aligns with a perfect timing for:

1) General public has been demolished and demoralized. Everyone that is still hasn't realized altcoins are dead are about to.
2) Huge updates coming for Bitcoin, start reading on this for instance: https://arxiv.org/abs/1905.10518
3) Halving comes at the right time
4) OTC options like Bakkt are ready for boomers and computer illiterates which want exposure to Bitcoin but have no resources to keep their own

How much are you buying monthly?

Interesting analysis! But this halving is different from previous halving in one sense, the majority of holders this time are investors, not miners.
Halving has direct impact on miners. Their reward gets decreased hence making bitcoin more valuable for them. But for investors, it doesn't have any direct impact. The event will just create a favourable market condition which could be exploited by investors for a while but it is wrong to expect that we will see any long running sustaining bull run this time.

alyssa85

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You can participate in Maddof schemes for a number of times until you get burnt. This is the equivalent of "im buying the dip because altcoins are low, and altcoins always come back". Eventually, altcoins will not be comming back, and the tide will finally shift towards natural state of things (total BTC domination), then altcoin bagholders will have their last cry on reddit about how they became scammed by this and that token.

It depends very much on the alt doesn't it? At some point someone is going to make an alt that has features retail investors and users find attractive and useful. At which point that alt will do what Facebook did to MySpace.

Upgrade00

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Quote from: pereira4 on October 03, 2019, 07:02:05 PM

You can participate in Maddof schemes for a number of times until you get burnt. This is the equivalent of "im buying the dip because altcoins are low, and altcoins always come back". Eventually, altcoins will not be comming back, and the tide will finally shift towards natural state of things (total BTC domination), then altcoin bagholders will have their last cry on reddit about how they became scammed by this and that token.

Your sentiments obviously lean in favor of bitcoins and it's influence over the market. I for one do not buy altcoins simply because there price is low but rather for the underlying product behind the technology.
Several shitcoins would fizzle out of the market and not return, but also other coins with real value would speculatively, bounce back when the market takes an upward turn.

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