This is a fake bit coin bull run don't fall for it - page 3.

exstasie

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Quote from: malevolent on July 03, 2019, 05:36:14 PM

Quote from: redsun114 on July 03, 2019, 11:43:25 AM

How can an increase from 3.4k type of levels to as much as 13.6 thousand dollars (now over 11 thousand dollars again) can be a fake bitcoin bull run? I mean how high do you really need it to go up to make it a real bull run?

If the recent increase in price has been fueled by bitfinex printing tethers, as some suspect, I wouldn't call the growth 'organic'.

Many would argue Tether printing drove the 2017 bubble too. Yet here we are. Tongue

Even if it's true, over the course of years it doesn't matter. The price action wrought by the Mt Gox Willy Bot wasn't "organic" either but in the long run it just didn't matter.

malevolent

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Quote from: redsun114 on July 03, 2019, 11:43:25 AM

How can an increase from 3.4k type of levels to as much as 13.6 thousand dollars (now over 11 thousand dollars again) can be a fake bitcoin bull run? I mean how high do you really need it to go up to make it a real bull run?

If the recent increase in price has been fueled by bitfinex printing tethers, as some suspect, I wouldn't call the growth 'organic'.

exstasie

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Quote from: redsun114 on July 03, 2019, 11:43:25 AM

How can an increase from 3.4k type of levels to as much as 13.6 thousand dollars (now over 11 thousand dollars again) can be a fake bitcoin bull run?

In Elliott Wave terms, it could easily be an "X" wave in a larger WXY structure. This would be a short term correction to a longer term (bearish) trend. Considering we reversed right at the .618 fib retracement of the 2018 bear market, this is still a distinct possibility.

This post explains it pretty well.

redsun114

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How can an increase from 3.4k type of levels to as much as 13.6 thousand dollars (now over 11 thousand dollars again) can be a fake bitcoin bull run? I mean how high do you really need it to go up to make it a real bull run? It has already ran its course and ended lets suppose and even in that circumstances the price already increased like hell, how could you think this was a fake one when it already happened so much and increased so much. I mean we are at a triple the price point where we started already.

Some people are just way too jealous of others making money while they are not making money at all and they just wish to see everyone lose money as well, I am 100% sure there are people in this world who would be delighted to see bitcoin go to 100 dollar levels so they can say "at least others lost money too".

bitbunnny

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I don't see how can you tell if bull run is fake or not. That sounds like another conspiracy theory is involved.
I look at the current price situation.as a normal volatility process, nothing that is staged or under someone's influence. Also you can't always link Bitcoin and altcoin, there is no direct prove that this too markets are closely linked and depend on each other.

benjamin07

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Some watchers think like this:

First BTC price rise, then BTC price flattens, then altcoins start to rise, then the market crashes.

What we are seeing here is:

BTC and only major altcoins rise, $hitcoins remained the same. For example TRONIX/USD remained constant so TORNIX(TRX)/BTC went down when BTC/USD went up.

Prior to 2017: the many alt coins which spawned around BTC had died, only very few survived such as LTC and DASH.

In 2017: the previous alt coins fungus was replaced by ICOs. Even some of the old altcoins, such as CasinoCoin have moved from having their own blockchain to sit on Ethereum. As BTC became too expensive, people missed the boat and went into altcoins. The situation was very miserable, some people created coins like Tokugawa (TOK) which is 100% pre-mine and sold those coins OMG. Other category of people is the masternodes such as VIVO which collapsed by infinite %.

Today: it appears that people are a bit wiser when it comes to altcoins, that could be one reason why alts have not pumped.

But as per the above, at each stage, a "new" invention or imitation will come, a new kind of fungus.

sana54210

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Quote from: Mr.Zero on June 28, 2019, 10:04:04 PM

yes you right, we can't really say if this is the bullrun because like you said if not all coin hit a green day and get increase.
i keep my BTC on my wallet safe and still waiting until 2021 when the true bullrun is come.
i believe with that preditcion of bullrun time.

Don't know your basis of bull but it's showing good upwards movements so for those who avail buying early this year they are seeing the bull bringing big profits from what they've invested in and keep enjoying the trends while still continuing to rise high.

In the past few months bitcoin is increasing drastically started from $3k and now beyond $10k. It might not bull run yet because altcoins are not increasing unlike btc, but for bitcoin itself its a good sign that the price is changing positively, the reason why others are thinking its already bull run.

Do we have to always link bitcoin and altcoins together every time before we understand that they both function separately, so you are saying that the fact that altcoins has not started on its bull run means this surge of bitcoin cannot be classified as bull run? You have to understand that before altcoins can start their own surge, bitcoin is always the first to set example.

The moment this type of dramatic surge starts, it automatically means that we are already in bull run, but altcoins would not always follow immediately, it will take bitcoin to become stable for a while when it is going sideways for altcoins to start their own surge too, so we are absolutely in bull run already, we just need to wait for the time bitcoin will go sideways for other alts to follow.

Ayiranorea

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Quote from: Shinpako09 on July 02, 2019, 06:35:16 PM

Nope, the bull run isn't fake. Crash or decreased is really happening even in bull run because traders are taking profit. You can't determined the bull run if it's fake or not just by seeing the altcoins price movement. Reason why the alts didn't go up even if the btc fall a bit is simply because they are trading in btc/usd.

If the recent bull market is a manipulation from the whales then we should have experienced large scale fluctuations which will be taken as an opportunity by the whales to profit out of it. As of now what we see is the real growth, Op has stated that there is no big growth with altcoins which makes it a fake bull trend which is not the right way to decide the bull run.

Shinpako09

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Nope, the bull run isn't fake. Crash or decreased is really happening even in bull run because traders are taking profit. You can't determined the bull run if it's fake or not just by seeing the altcoins price movement. Reason why the alts didn't go up even if the btc fall a bit is simply because they are trading in btc/usd.

South Park

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Quote from: Digital Drug Lord on June 23, 2019, 05:43:11 AM

Bitcoin is back at 10k but every single alt coin hasn't really gone up

The growth is un organic and fake , maybe by 2 or 3 whales or maybe even a corrupt exchange

There is something going on but using alts as a sign that this is a fake bull run is a mistake since this could be simply explained by investors becoming smarter and not willing to invest their bitcoins in speculative projects that have no guarantee to go up, however the almost nonexistent growth of altcoins against bitcoin could just mean that when altcoins finally wake up the profits are going to be even greater than in other bull runs, so as you can see it is too soon to give a verdict about what it is actually happening since there are many explanations that we could give to try to make sense of what it is happening in the market.

Bananington

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Why do you think the bull run is fake? It's not fake in my own opinion. If you've been around this crypto space, you will understand it's only normal for retrace to happen, and mind you that there hasn't been a major retrace yet. You see price surging from 3k to 12k within a short period of time and you are still doubting ,saying it's fake bull run. The factors causing the uptrend are massive. Do you even know that Bitcoin halving is coming next year? You saw what happened with LTC when the halving update was released right, so you know.

NN52NN

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I do not think so. We are close to a new bull rally. Yes, there certainly will be strong corrections and manipulations, but the bear market is already in the past.

cliber

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It's true that Bitcoin will continue to increase for this year, I'm sure and will reach $ 15,000. Spoils will also occur on altcoins, but I still doubt, but the signs are already there.

NathanJB

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Quote from: Digital Drug Lord on June 23, 2019, 05:43:11 AM

Bitcoin is back at 10k but every single alt coin hasn't really gone up

The growth is un organic and fake , maybe by 2 or 3 whales or maybe even a corrupt exchange

Well, is this something new? Something that has not happened in the past? No, not really. We've seen similar instances. It goes up so quickly and then goes down. People must be dumping as it reaches a higher point. And then goes up again. This is so common. Why cry of a fake growth or a corrupt exchange dumping? As a matter of fact, this bull run is long overdue. And now that it is here, it is being labeled as fake. Well, it is offered in the trading market. Everything's possible.

CryptoAlphaStar

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Seems pretty legit run for me. Libra was presented to the world and the naysayers finally decided to join the party.
We are seeing a slight pull back as a correction and probably we will have a few months of consolidation.

Apes

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is the OP joking. there is nothing fake in this bull run, if you buy at a price below 8K and sell it now when the market corrects whether you are losing money. you still take the profit were you. the possibility of falling in this bullish market is only due to investment management errors.

DaveWave

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Lmao! Did the guy showed up here again? Support at $10,000 is looking good. And this is the dip in order to continue moving up and reach $15,000.

Gabmot

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Well, this assessment of yours for me personally isn't objective enough as you only said this because price fell back too soon. I know if the run continues, you wouldn't have said this. Nevertheless, the fact remains, things are changing for good.

Nivia1st

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Quote from: Olatunjex on June 23, 2019, 08:28:40 AM

Quote from: Digital Drug Lord on June 23, 2019, 05:43:11 AM

Bitcoin is back at 10k but every single alt coin hasn't really gone up

The growth is un organic and fake , maybe by 2 or 3 whales or maybe even a corrupt exchange

You may be wrong, the recent price surge doesn't look like a pump an dump, the growth has been organic in contrary what you said. Anyway time will judge if you are right or wrong.

I agree with you, this growth is organic. we can see it because bitcoin takes a very long time to get to the current price. Bitcoin has begun to show an increase from last February. so if this says only pump I don't think it's right.

Iykecollins

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Instead of criticizing cease every little opportunity and make the best out of it, it is not in your best interest to talk down a particular situation, crypto is dynamic and it can choose which ever direction and path, a lot of new millionaires have been made within this past one two months, alts may respond later but the fact is that btc has proven that it is really the king by this pump

Topic: This is a fake bit coin bull run don't fall for it - page 3. (Read 1438 times)