The re-accumulation period is in | Bitcointalksearch.org

enhu

legendary

Activity: 2492

Merit: 1018

Quote from: Duzter on October 15, 2019, 09:54:49 AM

Market is good for daily traders with huge volume of funds as there is small scale price fluctuation between time. This perfect re-accumulation period of the ongoing market is yet to come. As the market has gained good resistance the value stays above $8000, even the fall below $8000 got recovered in a short. With this there is more chances for a downtrend before the big pumping which can be considered for accumulating.

That is probably the one dip that we all are waiting for that I can buy altcoins that I have been trying to see whether I can get a christmas sale bonus from it with just about $500. I'm starting to think I'd be late to buy a stash of some tokens already because the stability of BTC made investors look the other coins, as you can see the prices of altcoins are spiking every day.

Duzter

sr. member

Activity: 1092

Merit: 256

Leading Crypto Sports Betting & Casino Platform

Market is good for daily traders with huge volume of funds as there is small scale price fluctuation between time. This perfect re-accumulation period of the ongoing market is yet to come. As the market has gained good resistance the value stays above $8000, even the fall below $8000 got recovered in a short. With this there is more chances for a downtrend before the big pumping which can be considered for accumulating.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Hear, hear for the reaccumulators!

I'm a major re-upper, so forgive me for celebrating somewhat every time we get into an unexpected period of low prices. Sure, I take a hit too, selling sometimes coins I got at a higher price when earning, but I think overall now, I'm back into break even on dollar cost averaging. I am expecting price to go lower again actually, so will actually be into the negative again, but hey, every day in the negative is a better day when price does return to ATH and beyond.

When, not if!

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: bitgolden on October 15, 2019, 12:08:42 AM

So, how could we even be sure that 8300 won't break? We can make sure that we have a stop loss at around 8200 so that we would be out if it goes under 8300, after all we all know if it hits 8100 then it will probably hit 7700 as well, its not gonna just go to 8100 and stay there and go up, it will keep going down, so a stop loss at around 8200 is good.

You can keep buying bitcoin at around these prices to have more and more in your wallet and still have a stop loss just in case you are wrong. Then you could buy back from 7500 if it reaches around there, don't know what the short term will be like but the long term I am sure that will be a great price to pay for one bitcoin (considering with halving it will most likely go even higher). That is only solution I can come up with but I really need a solution that's better than this.

With the current market condition today, a lot of speculations said that the price is a perfect entry point to accumulate more Bitcoin, specifically around $8,000-$8,300.
If you take a look at the historical data, Bitcoin is gradually gaining higher lows since we entered October and thats a good indicator of an upcoming bull, since a lot of people are accumulating as a preparation for the 2020 halving. We still have a strong support level, and Im still confident we wont gonna fall under $7,500.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: ?? on ??

It is legit that the re-accumulation period is in because the price of bitcoin settles down below $9,000 and it is a good price to get some bitcoin and the altcoins are now moving up but they didn't get up big yet so it is still in the re-accumulation period and I think that the rocket ship of altcoin is just refueling before it totally takes off to the moon.

While there's still cheap coins around and updates and progress is on it's way, accumulations is best for the supporters who's hoping that
the market will bounce back high. If you take the chance of buying and store everything you are investing for your future, let the cycle
continues and always find the best timing that you can have and bring huge benefits to your investment.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: bitgolden on October 15, 2019, 12:08:42 AM

So, how could we even be sure that 8300 won't break? We can make sure that we have a stop loss at around 8200 so that we would be out if it goes under 8300, after all we all know if it hits 8100 then it will probably hit 7700 as well, its not gonna just go to 8100 and stay there and go up, it will keep going down, so a stop loss at around 8200 is good

But how do you know that?

There's no way to know that unless you can actually make it happen (which is unlikely). And if you assume that the price will crash to 7700, why don't you expect it to crash further? See, you can't say that as it is no more than our expectations and ideas where the price should or could be. But the market knows better and it doesn't care about what we think or assume (read, we are more often than not proved entirely wrong)

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

So, how could we even be sure that 8300 won't break? We can make sure that we have a stop loss at around 8200 so that we would be out if it goes under 8300, after all we all know if it hits 8100 then it will probably hit 7700 as well, its not gonna just go to 8100 and stay there and go up, it will keep going down, so a stop loss at around 8200 is good.

You can keep buying bitcoin at around these prices to have more and more in your wallet and still have a stop loss just in case you are wrong. Then you could buy back from 7500 if it reaches around there, don't know what the short term will be like but the long term I am sure that will be a great price to pay for one bitcoin (considering with halving it will most likely go even higher). That is only solution I can come up with but I really need a solution that's better than this.

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: kayvie on October 13, 2019, 05:26:06 AM

Quote from: nasipadang on October 13, 2019, 05:06:25 AM

I saw the trend prediction formula in the historical data, and also technical analysis was very helpful. Maybe some people believe and don't believe about the pattern or history that will be repeated, I might be one of those who believe and don't believe so I made 2 portfolios for next year.

As the prediction, they see that bitcoin price will continuously increase if the buy support at $8300 will not break. As long as this barrier will stay as it is its price will rise.
However, if this barrier will break there are chances that its price will continue to decrease, bitcoin's price will be back in the bearish market and the whole crypto market will highly be affected by this.

I believe with the experts stating about Bitcoin price too, it may not as like as the year 2017 but in the upcoming years, it will be more known by people and investors so the price will rise steadily, and this year is a perfect chance for us to accumulate if we really want to have the chance to gain more in the future, let's say Bitcoin is like a real estate, it will increase in value in a long term period.

kayvie

sr. member

Activity: 1022

Merit: 257

Quote from: nasipadang on October 13, 2019, 05:06:25 AM

I saw the trend prediction formula in the historical data, and also technical analysis was very helpful. Maybe some people believe and don't believe about the pattern or history that will be repeated, I might be one of those who believe and don't believe so I made 2 portfolios for next year.

As the prediction, they see that bitcoin price will continuously increase if the buy support at $8300 will not break. As long as this barrier will stay as it is its price will rise.
However, if this barrier will break there are chances that its price will continue to decrease, bitcoin's price will be back in the bearish market and the whole crypto market will highly be affected by this.

nasipadang

sr. member

Activity: 1274

Merit: 252

I saw the trend prediction formula in the historical data, and also technical analysis was very helpful. Maybe some people believe and don't believe about the pattern or history that will be repeated, I might be one of those who believe and don't believe so I made 2 portfolios for next year.

DaveWave

sr. member

Activity: 806

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: EdvinZ on October 13, 2019, 04:20:16 AM

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

The chart clearly reflects the fact that the price grown strongly during the halving periods of Bitcoin. Also grown and all the major altcoins, I also tend to believe that Bitcoin will overcome the milestone of $10,000 and maybe even rush higher. After all, the essence of halving is that it will become 2 times more difficult to mine BTC, and this already indicates an objective increase in the value of Bitcoin in the eyes of investors.

I'll start accumulating more bitcoins again and just hodl it to avoid headaches. There were many good news on bitcoin lately too. The big question on my mind is if bitcoin can reach the trillion dollar market capitalization within 2022. A trillion in US dollars means we are probably more than 1% of the world's total money. Will that be easy?

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

Now there really is a period of accumulation of volumes for the largest positions in altcoins. This can be seen on orders on exchanges.
Whales do not merge altcoins in anticipation of the fall of bitcoin, however, they are gaining positions on them.
I believe that we are either waiting for a short viola season by the end of October, or a strong decline.

EdvinZ

sr. member

Activity: 994

Merit: 260

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

The chart clearly reflects the fact that the price grown strongly during the halving periods of Bitcoin. Also grown and all the major altcoins, I also tend to believe that Bitcoin will overcome the milestone of $10,000 and maybe even rush higher. After all, the essence of halving is that it will become 2 times more difficult to mine BTC, and this already indicates an objective increase in the value of Bitcoin in the eyes of investors.

iMark

sr. member

Activity: 1162

Merit: 251

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

1. Many altcoins have a sharp drop, even more than bitcoin price drop. of course when recovery comes, the profit you can achieve will be much greater if you buy altcoin, which means buying altcoin is also highly recommended.
2. A lot of predictions about prices going up in the near future is not nonsense. from the existing charts prove that every halving price will gradually go up, and we will face it in the short term, that means we have to accumulate and collect more bitcoin.

NathanJB

sr. member

Activity: 756

Merit: 251

Quote from: sana54210 on October 12, 2019, 02:26:46 PM

The market might be in danger zone right now, but it is not enough to demoralize me even though majority of my investment has been cut off to almost the lowest, I am still not shaken by that, instead of panicking, what I just do is to invest more in all those coins that I believe will still have the chance to survive when the bull run of altcoins starts when the market totally comes out of the bear market.

Life is all full of risk, and that is why you see majority of people that are millionaires and billionaires today would tell you that they actually took lots of risk for them to have gotten to the position where they are right now and I think one of the risk that I know we can take that will be worth it is our investment in some coins now that they are in very low prices.

Bitcoin at $8,000 plus, Ethereum at $180 plus, and so on. This is no danger zone anymore. This is already a zone of opportunity. I would consider Bitcoin at $15,000 as a danger zone that when it is at its current price. When crypto is down, there is no other way but up. We will be seeing better prices very soon. We are already done with the bottom. When the prices are up, that is when we should brace ourselves for a fall. We cannot fall right now.

sana54210

legendary

Activity: 3318

Merit: 1128

The market might be in danger zone right now, but it is not enough to demoralize me even though majority of my investment has been cut off to almost the lowest, I am still not shaken by that, instead of panicking, what I just do is to invest more in all those coins that I believe will still have the chance to survive when the bull run of altcoins starts when the market totally comes out of the bear market.

Life is all full of risk, and that is why you see majority of people that are millionaires and billionaires today would tell you that they actually took lots of risk for them to have gotten to the position where they are right now and I think one of the risk that I know we can take that will be worth it is our investment in some coins now that they are in very low prices.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Baofeng on October 12, 2019, 04:36:16 AM

Quote from: deisik on October 12, 2019, 03:17:39 AM

Quote from: teosanru on October 11, 2019, 06:18:36 AM

Quote from: deisik on October 11, 2019, 05:48:09 AM

It actually goes the other way of the other way, that is, in the original direction toward prices rising (long-term) due to forthcoming halving. I don't think that miners play a significant role in Bitcoin price formation. However, if they do (in some mysterious ways), the halving of the miners reward could in fact be considered as a positive circumstance for Bitcoin since it is assumed that miners can somehow influence the price. Obviously, if their reward goes down, they will be highly incentivized to push the prices up

Whether it is actually so is subject to discussion

No they don't play a major role in price formation of BTC instead they are the ones most affected by the price movement in BTC because only if the price of BTC goes up makes a chance of miners rewards rising up

Personally, I'm inclined to think along the same lines

But the opponents of this view can be quite vocal and pushy in claiming the opposite view. I can't even recall all their arguments right now (as it was pretty complicated and illogical stuff anyway related to mining costs) but I very well remember how some of them had gone as far as to assert that Bitcoin could never ever drop below 5k. Small wonder, it first dropped below 5k and then 4k shortly thereafter (in November and December 2018, to be exact)

But the drop was due to the hash war that time between BCH (Roger Ver and cohorts) and BSV (Craig Wright). The reason behind as others have said, is that some miners switch their gears to either of the two coins, thus affecting the price negatively

And why did it affect Bitcoin?

I mean the regular one, true and only? Besides, the price had been staying below 4k for too long to indiscriminately attribute that dynamic (or rather static, given the lack of price action at and near the bottom for a couple of months) to the hash war between different Bitcoin copycats, which was mostly an isolated event, in both effect and time

On the other hand, Bitcoin had been spiraling down all 2018 since the very beginning of that year and continued to fall well into 2019 (till March, if my memory serves me right). So the hash war was just a small accident and insignificant episode which was unlikely to trigger first the fall of Bitcoin and then its rise

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: deisik on October 12, 2019, 03:17:39 AM

Quote from: teosanru on October 11, 2019, 06:18:36 AM

Quote from: deisik on October 11, 2019, 05:48:09 AM

It actually goes the other way of the other way, that is, in the original direction toward prices rising (long-term) due to forthcoming halving. I don't think that miners play a significant role in Bitcoin price formation. However, if they do (in some mysterious ways), the halving of the miners reward could in fact be considered as a positive circumstance for Bitcoin since it is assumed that miners can somehow influence the price. Obviously, if their reward goes down, they will be highly incentivized to push the prices up

Whether it is actually so is subject to discussion

No they don't play a major role in price formation of BTC instead they are the ones most affected by the price movement in BTC because only if the price of BTC goes up makes a chance of miners rewards rising up

Personally, I'm inclined to think along the same lines

But the opponents of this view can be quite vocal and pushy in claiming the opposite view. I can't even recall all their arguments right now (as it was pretty complicated and illogical stuff anyway related to mining costs) but I very well remember how some of them had gone as far as to assert that Bitcoin could never ever drop below 5k. Small wonder, it first dropped below 5k and then 4k shortly thereafter (in November and December 2018, to be exact)

But the drop was due to the hash war that time between BCH (Roger Ver and cohorts) and BSV (Craig Wright). The reason behind as others have said, is that some miners switch their gears to either of the two coins, thus affecting the price negatively.

But yeah there are some proponents who push for the correlation between hashing power and bitcoin price , thus the argument that miners can influence the price so to speak.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: teosanru on October 11, 2019, 06:18:36 AM

Quote from: deisik on October 11, 2019, 05:48:09 AM

It actually goes the other way of the other way, that is, in the original direction toward prices rising (long-term) due to forthcoming halving. I don't think that miners play a significant role in Bitcoin price formation. However, if they do (in some mysterious ways), the halving of the miners reward could in fact be considered as a positive circumstance for Bitcoin since it is assumed that miners can somehow influence the price. Obviously, if their reward goes down, they will be highly incentivized to push the prices up

Whether it is actually so is subject to discussion

No they don't play a major role in price formation of BTC instead they are the ones most affected by the price movement in BTC because only if the price of BTC goes up makes a chance of miners rewards rising up

Personally, I'm inclined to think along the same lines

But the opponents of this view can be quite vocal and pushy in claiming the opposite view. I can't even recall all their arguments right now (as it was pretty complicated and illogical stuff anyway related to mining costs) but I very well remember how some of them had gone as far as to assert that Bitcoin could never ever drop below 5k. Small wonder, it first dropped below 5k and then 4k shortly thereafter (in November and December 2018, to be exact)

jmigdlc99

sr. member

Activity: 784

Merit: 282

Quote from: STT on October 11, 2019, 06:58:15 PM

Averaging in over time is fair enough but it requires a deep enough budget to maybe last 24 months even, depends on the asset but something like Gold has a time scale of about a decade in my estimation. Bitcoin, crypto is oppisite to dollar to the global reserve system based on FIAT and its possible it also is a very long term requirement in holding though it appears to spike more often. If we are talking about buying in this way then its that long term underlying trend that is being attempted to capture with a monthly buy, people do the same with stocks and index funds.

I disagree. The point of cost averaging over time is that you don't need a deep pocket. You can add increments of small amounts on a staggered basis and eventually it becomes a huge amount. Thats actually how like social security or retirement works.

Also, bitcoin isn't necessarily the opposite of the global reserve system. Bitcoin is much more and an independent body that has much more potential and value. I believe Bitcoin is going up, if you're not buying, you're loosing.

STT

legendary

Activity: 4102

Merit: 1454

Averaging in over time is fair enough but it requires a deep enough budget to maybe last 24 months even, depends on the asset but something like Gold has a time scale of about a decade in my estimation. Bitcoin, crypto is oppisite to dollar to the global reserve system based on FIAT and its possible it also is a very long term requirement in holding though it appears to spike more often. If we are talking about buying in this way then its that long term underlying trend that is being attempted to capture with a monthly buy, people do the same with stocks and index funds.

pereira4

legendary

Activity: 1610

Merit: 1183

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

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

2) Huge updates coming for Bitcoin, start reading on this for instance: https://arxiv.org/abs/1905.10518

That's bullish for those who are genuinely interested in Bitcoin. I doubt most people here have a clue about what upgrades Bitcoin will undergo in the forthcoming years. Most people focus on 'when moon?' Anything beyond that is unknown territory and for that reason will avoid dabbling with it.

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

How much are you buying monthly?

I'm more of a so called smart buyer. I follow the trend and utilize it to the best of my ability. I plan to accumulate somewhere between $7000-$7500 and increase each entry point the lower we go. I did the same during the crash from $6000 to $3000 last year. While people don't dare to touch Bitcoin, I am a happy satoshi stacker.

Quote from: mu_enrico on October 03, 2019, 03:16:08 PM

This discussion should be on Bitcoin Discussion bro, I don't see we are talking about economics here, just saying...

If you want this thread to turn into a spammers cesspool then definitely move this thread to Bitcoin discussion. Roll Eyes

The moonboysa re the ones that came last and pump the price to insane levels. The smart people are starting to buy now, while learning about all the good news regarding the tech. I was really hoping to retest $3000 again and get myself a big chunk but I may be starting to become biased and deluded with a perfect entry. Im once again trapped in this feeling of wanting to buy now, but a part of me tells me to keep waiting, because we may see another dump. This is how I lost $3k entry point last time on Dec 12th...

electronicash

legendary

Activity: 3178

Merit: 1054

most are joining the cryptotalk bounty already, i guess this isn't just the accumulation period by trading, this is also how much you earn and keeping thru the signature campaign. the period i guess will take months to probably a year so its time to really roll their sleeves and start reading charts buy at dips. i'm certain there will be big dumps but will suddenly back up in brief instance so waiting that moment will be something of a christmas sale.

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Quote from: clickerz on October 10, 2019, 06:42:28 AM

Quote from: ecnalubma on October 10, 2019, 12:53:23 AM

Likely this is an accumulation period, when a long boring season since no is buying could probably be a perfect opportunity. People will only start to react when they see a price fluctuations, but we must be always cautious to avoid traps.

Agree and I believe, this is still an accumulation period. I do believe that anything under $10,000 dollar is a good buy. A good technique is to buy in staggered basis,and always on the look out of prices movement so that you can act when an opportunity comes.

Now price returns to to $8,000, which is a slight recovery from several days of being bearish.It means there are still buying and investors still accumulates.

Bitcoin is something that has always been seen as a ticket to enormous profit and all investors know that it has the potential of reaching unexpectedly huge values. So such currency available fewer than 10,000 dollars is a golden thing for investors who want to make some real good money. Instead of paying attention to fake news, pay attention on collecting bitcoin.

teosanru

hero member

Activity: 2114

Merit: 619

Excellent Representation and comparison with Bitcoin Halving. I think halving as usual could have an effect on btc prices and it seems absolutely genuine because with a change in the supply and reward of BTC a change in price is obvious because the supply has contracted even further while the demand is still never sleeping.

Quote from: deisik on October 11, 2019, 05:48:09 AM

Quote from: TrevorS on October 10, 2019, 04:45:30 PM

As for halving, it is far from the fact that the price will rise, halving can play the other way, given that the hash rate is constantly growing, and the reward to miners will fall by two

It actually goes the other way of the other way, that is, in the original direction toward prices rising (long-term) due to forthcoming halving. I don't think that miners play a significant role in Bitcoin price formation. However, if they do (in some mysterious ways), the halving of the miners reward could in fact be considered as a positive circumstance for Bitcoin since it is assumed that miners can somehow influence the price. Obviously, if their reward goes down, they will be highly incentivized to push the prices up

Whether it is actually so is subject to discussion

No they don't play a major role in price formation of BTC instead they are the ones most affected by the price movement in BTC because only if the price of BTC goes up makes a chance of miners rewards rising up.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: TrevorS on October 10, 2019, 04:45:30 PM

As for halving, it is far from the fact that the price will rise, halving can play the other way, given that the hash rate is constantly growing, and the reward to miners will fall by two

It actually goes the other way of the other way, that is, in the original direction toward prices rising (long-term) due to forthcoming halving. I don't think that miners play a significant role in Bitcoin price formation. However, if they do (in some mysterious ways), the halving of the miners reward could in fact be considered as a positive circumstance for Bitcoin since it is assumed that miners can somehow influence the price. Obviously, if their reward goes down, they will be highly incentivized to push the prices up

Whether it is actually so is subject to discussion

boltz

legendary

Activity: 3360

Merit: 1203

I'm still buying altcoins every week with everything I have to spare as I think the same , we are into the re-accumulation period and this might be our last chance to purchase some altcoins a this cheap price. For those who are saying that altcoins are dead , I think most of them are but the rest of them , who are having some history here, are just hibernating at this prices, so if you're not buying you might miss a good opportunity to make some nice profits as we didn't have a altcoins season since 2017 and even then was not so strong. Just saying....

TrevorS

sr. member

Activity: 1050

Merit: 377

As for halving, it is far from the fact that the price will rise, halving can play the other way, given that the hash rate is constantly growing, and the reward to miners will fall by two.
I think that before halving there will be a strong dump of bitcoin and, as a consequence, of the entire altcoin market, and not earlier than in a year we will see the consequence of halving in the form of growth.

By the way, I buy about 0.02 bitcoin per month.

ivakar

hero member

Activity: 756

Merit: 507

this chart not prove anything, cause TA is not working for crypto, cause there are small number of whales, who rules the market..
Roll Eyes

also there are other parts of the chart, which not correspond with what have wrote in the first post
but I may be totally wrong Cool

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: shoreno on October 10, 2019, 01:07:54 AM

Quote from: ecnalubma on October 10, 2019, 12:53:23 AM

Likely this is an accumulation period, when a long boring season since no is buying could probably be a perfect opportunity. People will only start to react when they a price fluctuations, but we must be always cautious to avoid traps.

accumulation period and perfect oppurtunity ? but why no one is buying ? the dip is already long enough but why the value of bitcoin and most cryptos are still down ? they should up in the first place if you and op are telling the truth .

There are buyers but they do not buy aggressively. It is accumulation period, meaning they will put buy wall and will wait for dumpster to sell their coins. It is the battle of who is more patience thus we can see almost minimal fluctuation on the price or a fluctuation on a certain range.

Quote from: shoreno on October 10, 2019, 01:07:54 AM

Quote from: Genemind on October 09, 2019, 11:18:39 PM

I agree it's the best time to accumulate and buy more. Some of us let the miss the opportunity to buy and then regret when the price gets better. There are lots of successful investors these days but that's because they're always willing to take all the risks.

thats always the case that happen . people dont use this golden oppurtunity to buy but when the price pumps they are only good at complaining saying they miss the train or if they could only turn back the time . with the current state of the market i dont think that there will be succesful on this duration . success mainly comes if the market is healthy because thats the time people can sell huge for profits .

Success is not a product of one event. It is the result of continous event where the one who became successful overcome all the hurdles. You cannot sell at a huge profit if you do not buy during the dip. When it comes to people hesitating to buy during accumulation phase means ordinary people are reactive of the sentiment. When it comes boring they just ignore it, when fear of dump, the immediately sell and when the price goes up, they tend to buy more.

STT

legendary

Activity: 4102

Merit: 1454

Quote

this is still an accumulation period. I do believe that anything under $10,000 dollar is a good buy.

But over what time period is it a good time to buy. I agree generally we could see above 10k again but will it hold above there and how long till it stays above 10k for months properly is the more interesting question. I guess the quick answer is we reach over 10k when approaching halvening next year.
I'm not sure we stay above 10k for 2020 and thereafter. It might be we just reach under 10k at the peak of the next year and thats probably a more bearish scenario then many expect but its possible. Or we could also pass 10k even before this year over and that I would rate as the most bullish scenario because I'm expecting more weakness before any recovery in time for halvening event and possibly some weakness after it as well.

jamesndungu1

member

Activity: 434

Merit: 25

The cryptocurrency market is very unstable, generally. The market at this very moment is bearish which makes it a favorable time to purchase cryptos as the prices are pocket-friendly. Currently, I am buying cryptocurrencies that I can use on a daily basis, such as steemit where i have a blog that has managed to amass a large following - I teach and educate my followers on latest blockchain projects and the latest trends in the crypto world. buying the platform native token allows me to operate efficiently and expand my capabilities to satisfy my followings expectations. I had a goal of accumulating 1000 steemit at the time the prices were $0.5 and now they are $0.13 thats 5 times less than a few months ago - this is an accumulation point for me with my left change

lab rat hoax

hero member

Activity: 1030

Merit: 502

★777Coin.com★ Fun BTC Casino!

You made a really logical, wonderful analysis. I agree with your opinion. I also think that in this re-accumulation period, altcoins will rise and bitcoin dominance will relax, because when I look at the bitcoin dominance graph, I see a descending wedge formation. so I think bitcoin dominance will drop to at least 66% in the next 15 days. Then we will watch the rise of bitcoin for a long time.
So what happens to the altcoins when in the bitcoin bull run? I have no idea.

darewaller

hero member

Activity: 2926

Merit: 640

Quote from: ardentvolcanoes on October 09, 2019, 12:50:07 PM

Quote from: davinchi on October 09, 2019, 12:45:55 PM

Some people never stop buying, I have met a person who literally has a automatic purchase of bitcoin every month on his credit card, he uses a website that withdraws 100 bucks from his credit card every month to buy bitcoin automatically. As long as people like that exists we are going to be fine in the long run.

Those kind of investors who are investing for the future success of this industry, there's no good entry position as they are believing that the market will grow eventually. Long term target to maximize the potential profits. Some might think that it's a risky move but to those who completely trust this venue of investment they will proceed and trust. after all, it is the future that will dictates the outcome, accumulating will be on the investors complete understanding to this investment.

I am not against a believer of bitcoin having a plan to at least hold certain percentage of his money in bitcoin wallet every month, but programming it down is what I don’t really buy into. I feel that the investment should be handled manually, as in, you watch the market first to see the best time to manually purchase it which really does not take time.

If we program it down now, and then bitcoin suddenly rose at the time the card was programmed to purchase, would the card not go and buy at a peak period which will eventually backfire for him and defeat the objective of its long term investment, and even as a long term investor, there should be a time that one must break the investment to later continue, as in when bitcoin reaches its new all time, high, it would be unwise not to withdraw it and keep purchasing.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: ecnalubma on October 10, 2019, 12:53:23 AM

Likely this is an accumulation period, when a long boring season since no is buying could probably be a perfect opportunity. People will only start to react when they see a price fluctuations, but we must be always cautious to avoid traps.

Agree and I believe, this is still an accumulation period. I do believe that anything under $10,000 dollar is a good buy. A good technique is to buy in staggered basis,and always on the look out of prices movement so that you can act when an opportunity comes.

Now price returns to to $8,000, which is a slight recovery from several days of being bearish.It means there are still buying and investors still accumulates.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: ecnalubma on October 10, 2019, 12:53:23 AM

Likely this is an accumulation period, when a long boring season since no is buying could probably be a perfect opportunity. People will only start to react when they a price fluctuations, but we must be always cautious to avoid traps.

accumulation period and perfect oppurtunity ? but why no one is buying ? the dip is already long enough but why the value of bitcoin and most cryptos are still down ? they should up in the first place if you and op are telling the truth .

Quote from: Genemind on October 09, 2019, 11:18:39 PM

I agree it's the best time to accumulate and buy more. Some of us let the miss the opportunity to buy and then regret when the price gets better. There are lots of successful investors these days but that's because they're always willing to take all the risks.

thats always the case that happen . people dont use this golden oppurtunity to buy but when the price pumps they are only good at complaining saying they miss the train or if they could only turn back the time . with the current state of the market i dont think that there will be succesful on this duration . success mainly comes if the market is healthy because thats the time people can sell huge for profits .

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

Likely this is an accumulation period, when a long boring season since no is buying could probably be a perfect opportunity. People will only start to react when they see a price fluctuations, but we must be always cautious to avoid traps.

Genemind

sr. member

Activity: 1596

Merit: 335

I agree it's the best time to accumulate and buy more. Some of us let the miss the opportunity to buy and then regret when the price gets better. There are lots of successful investors these days but that's because they're always willing to take all the risks. Bitcoin's volatility isn't controllable so we must learn how to deal with it and handle our emotions well.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: davinchi on October 09, 2019, 12:45:55 PM

Some people never stop buying, I have met a person who literally has a automatic purchase of bitcoin every month on his credit card, he uses a website that withdraws 100 bucks from his credit card every month to buy bitcoin automatically. As long as people like that exists we are going to be fine in the long run.

Those kind of investors who are investing for the future success of this industry, there's no good entry position as they are believing that the market will grow eventually. Long term target to maximize the potential profits. Some might think that it's a risky move but to those who completely trust this venue of investment they will proceed and trust. after all, it is the future that will dictates the outcome, accumulating will be on the investors complete understanding to this investment.

davinchi

legendary

Activity: 2100

Merit: 1058

Bull sentiment is always in crypto people. They never think that bitcoin will die, the people who think like that are either haters of crypto or people who lost waay too much money. I have met with many of them who bought 100+ bitcoins at its peak and then sold when they lost money. That is why I think even when price drops people are not giving up on bitcoin, they never will they just think this is a bear season that we need to wait out and eventually we will get back to high prices again.

Some people never stop buying, I have met a person who literally has a automatic purchase of bitcoin every month on his credit card, he uses a website that withdraws 100 bucks from his credit card every month to buy bitcoin automatically. As long as people like that exists we are going to be fine in the long run.

fullhdpixel

hero member

Activity: 2828

Merit: 611

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

legendary

Activity: 4102

Merit: 1454

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

legendary

Activity: 2282

Merit: 1023

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

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

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

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

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

hero member

Activity: 2716

Merit: 698

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

sr. member

Activity: 742

Merit: 329

CryptoTalk.Org - Get Paid for every Post!

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

hero member

Activity: 894

Merit: 501

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

hero member

Activity: 2730

Merit: 585

Leading Crypto Sports Betting & Casino Platform

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

member

Activity: 464

Merit: 10

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

member

Activity: 1204

Merit: 38

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

hero member

Activity: 1694

Merit: 541

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

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

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

sr. member

Activity: 910

Merit: 351

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

hero member

Activity: 2996

Merit: 598

Leading Crypto Sports Betting & Casino Platform

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

hero member

Activity: 1414

Merit: 505

Backed.Finance

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

member

Activity: 1204

Merit: 38

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

sr. member

Activity: 910

Merit: 254

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

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote

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

legendary

Activity: 2114

Merit: 2248

Playgram - The Telegram Casino

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.

pereira4

legendary

Activity: 1610

Merit: 1183

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

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

1) General public has been demolished and demoralized. Everyone that is still hasn't realized altcoins are dead are about to.

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.

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

Bakkt is for the big-money players if I'm not mistaken, not for the populations you described. I'm fairly computer illiterate but you don't need an extensive technical understanding to own bitcoin, just like you can drive a car without being a mechanic. In fact, this 4th point you brought up perplexes me a bit. A trader who doesn't have "resources to keep their own" bitcoin probably won't be using Bakkt at all.

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

How much are you buying monthly?

Monthly? Not much. I'm more than happy to be just a bystander, watching the market swings without having a lot of bitcoin. But nor am I selling.

I do agree with the title of the thread, but I figured the re-accumulation phase was in effect when bitcoin was at or above $10k, so who knows.

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.

As far as Bakkt goes, noobs expected a massive instapump, and they got dumped on the news. Bakkt is about planning ahead, getting the infrastructure ready for when the moment comes. And when it comes to securing Bitcoin, you would be surprised how dumb and inexpert people in Wall Street are when it comes to computers, and im taking TOP money managers in elite trust funds. They don't have any idea in how to do the whole package of things that come with securing Bitcoin. It's an entirely different skill than being great with money.

The way I see it is that Bakkt is for money managers/brookers, to get clients and manage portfolios and put BTC exposure throught it. They can make a call and get everything done for them through Bakkt, they dont even need to do it themselves. It's part of the service.

1Referee

legendary

Activity: 2170

Merit: 1427

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

2) Huge updates coming for Bitcoin, start reading on this for instance: https://arxiv.org/abs/1905.10518

That's bullish for those who are genuinely interested in Bitcoin. I doubt most people here have a clue about what upgrades Bitcoin will undergo in the forthcoming years. Most people focus on 'when moon?' Anything beyond that is unknown territory and for that reason will avoid dabbling with it.

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

How much are you buying monthly?

I'm more of a so called smart buyer. I follow the trend and utilize it to the best of my ability. I plan to accumulate somewhere between $7000-$7500 and increase each entry point the lower we go. I did the same during the crash from $6000 to $3000 last year. While people don't dare to touch Bitcoin, I am a happy satoshi stacker.

Quote from: mu_enrico on October 03, 2019, 03:16:08 PM

This discussion should be on Bitcoin Discussion bro, I don't see we are talking about economics here, just saying...

If you want this thread to turn into a spammers cesspool then definitely move this thread to Bitcoin discussion. Roll Eyes

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

This discussion should be on Bitcoin Discussion bro, I don't see we are talking about economics here, just saying...

Anyway,

1. Be careful since two data periods often not sufficient to produce a robust forecast result.
2. This $8K price level is not really tempting for accumulation.
3. If there is no bull-run, likely there will be no ATH, so keep our eyes for bull-run signals.

ichai

member

Activity: 445

Merit: 10

Worlds Simplest Cryptocurrency Wallet

I have a rather opposite view with you. Because the halving of Litecoin failed, it was in trouble now that the bear market came.
If this market continues to be bleak for a long time, I think there will be no more funding for bitcoin to get its price pumped.
I think the next halving event is a big trap for sharks. they will begin to pump slightly and wait until Bitcoin hits ATH, they will start selling Bitcoin.

fakefrombot

member

Activity: 87

Merit: 14

So basis on your chart the next bull run will starts in 8-10 months approximately, right? And the target is up to 140,000$ per USD in 2021? Hope your chart is correct Roll Eyes

audaciousbeing

hero member

Activity: 1330

Merit: 569

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.

Sometimes when you see the way people look for answers, you realise that they themselves panic more than the price and the most ironic thing about it is that, they are neither heavy traders not heavy holders to conclude the reason for the panic is due to the enormous losses to be suffered by them. When the market begins to turn green, same people are the first to sound the alarm of how the moon is the next stopping point or the adoption is ready to overtake fiat among other frivolous reasons they could come up with.

It is a known fact that the volatility is a constant factor in crypto which would come at will irrespective of any significant thing happening in the outside world or crypto world. The market is still an emerging one which makes volatility inevitable at this time and when people understand that, there is no need to panic or start looking for answers that provides no solution.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

This usually happens when a direct blow to bitcoin's pricing is done-zo. We have seen it a lot of times, and would be for years to come.

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

1) General public has been demolished and demoralized. Everyone that is still hasn't realized altcoins are dead are about to.

This has been said a lot of times even in 2016 when people thought that altcoins are dead, resurrected with the help of ICOs (short-lived, though), and IEOs, and down again. Anyone who thinks the altcoin market is done for is not really into it, or is just too biased with bitcoin that they're not seeing that there's still money to be made on that facet of the market.

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

3) Halving comes at the right time

This might be a good thing to consider, given that halving is just a few months away in reality. Perhaps the price could take more beating and see its way down $7000 levels again before igniting and zooming upward when the pre-halving hype kicks in. At this point, I'd say coins in $8000 levels is still a good entry point in preparation for the halving.

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

..and for the ultra-rich that doesn't want the bullshit of your regular exchange where the peasants and regulars are.

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

How much are you buying monthly?

I stopped buying last July 2019 and would like to be in the sidelines for a while. I think I'm okay with what I have right now, with no plans of selling in the immediate future--unless unforeseen circumstances force me to do so.

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

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

1) General public has been demolished and demoralized. Everyone that is still hasn't realized altcoins are dead are about to.

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.

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

Bakkt is for the big-money players if I'm not mistaken, not for the populations you described. I'm fairly computer illiterate but you don't need an extensive technical understanding to own bitcoin, just like you can drive a car without being a mechanic. In fact, this 4th point you brought up perplexes me a bit. A trader who doesn't have "resources to keep their own" bitcoin probably won't be using Bakkt at all.

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

How much are you buying monthly?

Monthly? Not much. I'm more than happy to be just a bystander, watching the market swings without having a lot of bitcoin. But nor am I selling.

I do agree with the title of the thread, but I figured the re-accumulation phase was in effect when bitcoin was at or above $10k, so who knows.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Experia on October 03, 2019, 07:24:18 AM

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

The good reason to accumulate again is the halving by 2020 although people really need to wait for a long period of time but the wait will be worth it. There will be lots of predictions scattered everywhere that can divert our decisions. If people want to invest on alts just make sure that the team are active on developing the project and has a vision to it.

Not a fan of investing with altcoins this year or maybe in year 2020 but I'm thinking to buy some bitcoins by the end of quarter 4 since I think the halving effect will get a positive output and predictions and more consciousness will come to that year and more positive speculation will come when halving times comes around. But lets hope all listed on the 5 are great factors so that we can experience again the same 2017 halving effect on crypto ecosystem.

Experia

sr. member

Activity: 924

Merit: 265

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

The good reason to accumulate again is the halving by 2020 although people really need to wait for a long period of time but the wait will be worth it. There will be lots of predictions scattered everywhere that can divert our decisions. If people want to invest on alts just make sure that the team are active on developing the project and has a vision to it.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

The question you need to ask yourself is "If you didn't already own bitcoin, would you buy at these levels?"

I think for most people the answer is No, especially as not much progress is being made in adoption as a currency (as opposed to a speculative asset).

If you look back to the 1990's and the adoption of the internet, there was huge progress being made on all fronts (dial-up changing to broadband, ISPs mushrooming at a reasonable price, security concerns addressed, increase in retailers selling online etc).

That's not happening in the crypto space. Security at the exchanges is still poor. The architecture of bitcoin is still slow (and the backlogs get unbearable at peak times). There isn't an increase in retailers accepting bitcoin or crypto currency.

The hard work in building an eco-system has ground to a halt.

jmigdlc99

sr. member

Activity: 784

Merit: 282

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?

Excellent chart, you're on to something here!

Looks ripe for the hype (lol). It's simple and enumerated things like these that the general masses take in really well. With such a clear chart showing a potential increase in bitcoin value, who can argue? I'm personally inclined to put in $100 per month from now on.

styca

sr. member

Activity: 1078

Merit: 354

I'm glad the OP has posted a chart that is both long-term and has a logarthmic scale. This is exactly what we should be looking at to determine future trends. Crypto growth has exponential cycles, and this means that on a linear chart most of past activity is reduced to a flat line with minor perturbations, you can't see the past upwards and downwards trends very well at all. Log scale however changes all that, and really highlights exactly what it was like at the time.

I agree with the OP, and am happy that someone has finally posted a log scale chart

NathanJB

sr. member

Activity: 756

Merit: 251

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?

1. Altcoins do not have to die for Bitcoin to begin a movement with an upward direction. On the other hand, shitcoins are dying regardless of the overall condition of the market.
2. Halving is going to take place next year. The hype around it as well as that which is built around the Bakkt launching were already present when the massive price drop happened several days ago.
3. I therefore conclude that the possibilities of where the next line goes are varied and uncertain as always.

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

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

How much are you buying monthly?

Many criticize Bakkt for its ability and failure, they are lack of resources to access global market. It is not that popular so maybe it is developing itself. Bakkt needs to work hard to prepare for sudden growth.

And for the amount I buy it varies dependent from time and if it's necessary. I have to budget some money because there are expenses i need to pay for my family. So it depends on the circumstances i'm in.

CryptoBry

sr. member

Activity: 1008

Merit: 355

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.

AjithBtc

sr. member

Activity: 1666

Merit: 276

Vave.com - Crypto Casino

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

sunsilk

hero member

Activity: 3038

Merit: 634

I've seen that chart before on FB and no doubt that we're seeing the same pattern. And as for the Bakkt's, I still see a lot of people who were negative to it because all they see was the recent impact of it which isn't good for most. It's just getting started and what's more, if the halving is nearer.

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

How much are you buying monthly?

The amount that I buy changes from time to time and really depends on how much I have. The amount varies from $50-$300 and sometimes more than that depending on my situation because I shoulder most of our household expenses. How about you?

pereira4

legendary

Activity: 1610

Merit: 1183

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?

Topic: The re-accumulation period is in (Read 656 times)