This Huge Price Increase | Bitcointalksearch.org

senne

hero member

Activity: 1078

Merit: 507

Quote from: tokeweed on December 19, 2018, 10:33:17 AM

Seriously...

It's like we're being tricked into thinking that the bear market is finally over... Grin

Could end up in another wtf moment with our pants down.

Bitcoin was able to maintain the price up after that sudden jump. So definitely it was not a bull trap. Rather the indicators are now showing a sign of trend reversal. I think that we are done with the bear market now. We might see some correction here and there. But most probably we are going up for another bullish cycle.

bitcoindusts

sr. member

Activity: 1092

Merit: 271

I’m not too excited with the changes in price lately, you’re right, this can just be a trick but anyway this could also mean a beginning. I’m not too moved but I don’t underestimate this happening. I stay calm and positive that we are heading to the moon and sooner or later we will be there.

tokeweed

legendary

Activity: 3976

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Life, Love and Laughter...

I got a bad feeling about this one again. Rumor has it that the latest huge price increase was done by one dude. One!!! He prolly just wanted to buy a sh*t ton of BTC and keep it... K, what happens now?

adaseb

legendary

Activity: 3808

Merit: 1723

In my opinion, you shouldn't be trading for the next week or so.

Basically whatever market you are trading, there is usually very little liquidity during the Christmas to New Years trading days. Usually there are many spikes up and down and its an easy way to get caught on the wrong side of the market.

We might see irrational moves but most likely we will remain at the exact same price as now next week. Since it will be mostly chop.

gilangIDR

legendary

Activity: 1526

Merit: 1001

Quote from: exstasie on December 25, 2018, 11:59:12 PM

Quote from: tokeweed on December 25, 2018, 10:06:33 AM

Anyway, it seems like the people in general are still somewhat bullish which could mean that we haven't reached the bottom yet...

It's a definite improvement from the $6,000s when every newbie had his moon suit on. But I agree with you, my gauge of sentiment is that we're firmly in the "fear" stage but haven't seen "capitulation" or "despair." We probably still need to trample on some hope and shake out some bagholders. That's why I'm still expecting at least a retest of the $3,100 bottom and maybe a harsh spike into the $2,000s.

Everything cannot be predicted easily. Everything can happen to the current market situation.
The increase that occurs is indeed quite significant and this is a good sign that the increase that occurs can be continuous.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: tokeweed on December 25, 2018, 10:06:33 AM

Anyway, it seems like the people in general are still somewhat bullish which could mean that we haven't reached the bottom yet...

It's a definite improvement from the $6,000s when every newbie had his moon suit on. But I agree with you, my gauge of sentiment is that we're firmly in the "fear" stage but haven't seen "capitulation" or "despair." We probably still need to trample on some hope and shake out some bagholders. That's why I'm still expecting at least a retest of the $3,100 bottom and maybe a harsh spike into the $2,000s.

Shohanur

member

Activity: 251

Merit: 10

BIB Exchange

Quote from: normanz on December 24, 2018, 11:36:11 AM

I feel the current increase is not a hoax, but it is already the time the bull market has started and the price of the cryptocurrency will continue to grow high.

You are right that current increase is not a big deal. It is starting to increase now. Hopefully market will recover its price again. But we should wait more times. We should not impatient right now. Good news is coming soon.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

^ It went on reverse the moment you hit the submit button dude. Cheesy

J/k.

Anyway, it seems like the people in general are still somewhat bullish which could mean that we haven't reached the bottom yet...

normanz

copper member

Activity: 327

Merit: 0

I feel the current increase is not a hoax, but it is already the time the bull market has started and the price of the cryptocurrency will continue to grow high.

slocker

full member

Activity: 490

Merit: 134

Maybe this increase will bring back some investment into crypto world. Hopefully this will bring some good improvement in price for next year or this is just some spike in price.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: BitHodler on December 23, 2018, 05:25:02 PM

Quote from: dodgrad on December 22, 2018, 11:13:21 PM

However, I do not expect the BTC price to fall below $3k.

Many didn't expect it to fall below $6000 again, but it still did. In other words, don't calculate yourself to be safe already, especially when we're just one or two dumps away from falling back to $3300 again.

In crypto there is no such a thing as miners need this or that level to remain profitable. If the price tanks, the difficulty will come down and miners will still be able to make profit. The difficulty adjustment exists for a reason....

Seriously, the difficulty adjustment algorithm was a brilliant economic design. It's one of the main reasons Bitcoin is so superior to gold: the supply costs are way more elastic. Mining is economically viable under far wider circumstances.

Quote from: BitHodler on December 23, 2018, 05:25:02 PM

I'm focusing on altcoins to see what's happening over there, because more demand for alts means less converting to BTC that will then be dumped for USD. Less selling pressure from that side helps to keep coins off the market.

Yep, I'm a big believer in the idea that altcoins have a symbiotic relationship with Bitcoin. People think they dilute Bitcoin's market share, but I think the effect of sucking supply off the BTC/fiat market is much bigger. Plus, there are no liquid fiat markets outside the top altcoins, which creates additional demand for BTC: altcoiners need to buy BTC first.

BitHodler

legendary

Activity: 1526

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Quote from: dodgrad on December 22, 2018, 11:13:21 PM

However, I do not expect the BTC price to fall below $3k.

Many didn't expect it to fall below $6000 again, but it still did. In other words, don't calculate yourself to be safe already, especially when we're just one or two dumps away from falling back to $3300 again.

In crypto there is no such a thing as miners need this or that level to remain profitable. If the price tanks, the difficulty will come down and miners will still be able to make profit. The difficulty adjustment exists for a reason....

I'm focusing on altcoins to see what's happening over there, because more demand for alts means less converting to BTC that will then be dumped for USD. Less selling pressure from that side helps to keep coins off the market.

davit putra

copper member

Activity: 409

Merit: 0

The price increase makes me even more optimistic that crypto will get better in 2019, and that makes my eyes open that crypto has a future and will grow high.

erickbarkley29

newbie

Activity: 60

Merit: 0

just cherish the moment while it lasts. at least it's up. when it was down, everyone was complaining, too.

lelylely

member

Activity: 602

Merit: 10

I think the current increase is a good opportunity, the collapse of the market will be swift and I think at the beginning of 2019 bitcoin can reach 5k.

wendiar19

full member

Activity: 470

Merit: 102

it seems like the price increase at the end of this year will not happen that easily, it takes a very long time to be able to increase prices, maybe the price of bitcoin can go back up when there is a halcoin event like last year.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Olalomi on December 23, 2018, 02:36:23 AM

Looking at the daily chart its obvious that the price has been rejected by a strong support which had signalled a gradual bullish sentiment however Christmas withdrawals could slow down the bullish run but come January to February next year things will become normal.

What does "normal" mean though? A bull market? It's too soon to expect that. It'll be a ranging market at best.

We definitely saw a strong bullish move off support but I don't really think it'll last. I think this is a temporary bull trap which might nearly reach $6,000 but ultimately we're heading back at least to re-test the $3,000 level.

Olalomi

member

Activity: 490

Merit: 12

Looking at the daily chart its obvious that the price has been rejected by a strong support which had signalled a gradual bullish sentiment however Christmas withdrawals could slow down the bullish run but come January to February next year things will become normal.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: dodgrad on December 22, 2018, 11:13:21 PM

It also seems to me that those who are responsible for the manipulations that have been going on for the last weeks have taken a break for Christmas. I am afraid that at the beginning of next year we may have another surprise associated with the fall in prices. However, I do not expect the BTC price to fall below $3k.

the market doesn't rest nor does the whales making money from it. also it really doesn't have to be a big deal, this small rise was simply due to the fact that you can't keep dumping bitcoin forever. at some point the market retaliates!
and this has been a gigantic drop, most of which has been manipulation not an actual correction which makes it unnatural hence unstable. just like how a bubble is unstable and price bursts to come down.

dodgrad

hero member

Activity: 1067

Merit: 501

It also seems to me that those who are responsible for the manipulations that have been going on for the last weeks have taken a break for Christmas. I am afraid that at the beginning of next year we may have another surprise associated with the fall in prices. However, I do not expect the BTC price to fall below $3k.

Topic: This Huge Price Increase (Read 11812 times)