Topic: This is the bull run that doesn't end.. - page 4. (Read 6194 times)

That is right. The big pump and dump will do very big damage to the bitcoin. So a smooth run is better.

As long as the bitcoin price does not rise more than 300% every year, the bull run will last very long period.

Party's over, OP was wrong. You can trust me, I'm a professional scientist.

The bull run started in the middle of last year. It has not ended. If the price drops 40% of the peak, then it ends.

  

the bull run started from August last year has not ended. We shall see the price of $800, 900 and $1000 in the next few months.

This is on course towards being a 61.8% retrace. $610 was the 50% level, but there is abosolutely no previous market support at this level and no good reason for any significant market to play to step in here and put a floor in the market. This is Dump City. Next significant support level is $580 on Finex.

20th-21st June, we had the Australian Police BTC auction. What has happend in the run up to this 'event', and in the aftermath of it, all seems a bit familiar to the Nov 2015 DPR BTC Auction pump, and the subsequent dump that occurred just as soon as the auction was done.....I remember in 2013, that Bitcoin dumped down to 61.8% level, within a few 4hr candles, but made a full recovery within the next couple of weeks...but totally different market back then....there was the 'China craze' and perhaps more importantly, there was Willy bot on Gox (and his friend Markus), who just kept on scooping up BTC no matter what the price.....

.....what we have now, is 'the Halving', but "so fucking what!", quite frankly. Yeah sure, Double the mining difficulty, 'half' the BTC coming to market, and therefore the miners have been hoarding, deferring cashing in waiting on higher prices post Halving Pump....that prospect doesn't exactly whet my appetite for BTC...interestingly enough. Huobi, which lead the pump, is leading this dump. That is a pretty good suggestion that this is some of the miner's hoarded BTC coming to market. The likes of Finex and OKCoin Futures, keep wanting to bounce, but Huobi keeps saying nope, we are selling, and you will follow. A fucking traders nightmare having all these different wheels, all wanting to turn in different directions, never being sure which is going to win out.

I suspect BTC is going to find itself in another big range over the coming months. I think mid $500s will be the new floor...but I am always wrong, so it will probs be back down to $430 or something, which will be the *real* 61.8% retrace, and also the 'cost of production' price for the miners to keep the network running, which makes sense, hence, Halving Pump puts in new market floor which is the new cost of production for the commodity.

Yeah, the bull run has ended. Nope, we'll see prices under 500, 400, even 300 in the next few months.

if we are still in the bull run then this right now must be the mother of all bear traps...

No matter what happen we will still te price increase at 900 to $1000 value bull run is not enough that the price will still in this level..
Just holding is always better.. block halving is too far and more days will come..

The bull run just ended yesterday. I think the price will be between $600 to $700 for the next few months.

Don't they always say that? It's the new normal, it will really last, the past reasons to go down don't exist anymore, and so on and so on?
In "real world" economy and stock trading we've seen all the reasons, and during stock-trading-history there's always been moments everything goes down. Bitcoin will go down too, just wait for it. If you'd know when you'd be rich.
And it will go up again too.

A bit of euphoria creeping in. Nearly time to sell ?

OP has cracked

But that's a good sign

$1000 is going to be a good feeling.

Its a double win, halving hype as well as bid up the price so bidders in australia pay too much for silk road BTC and are underwater when it dumps.

Nervous, pleased, numb. Mostly numb.

If the current price is increasing just because of the hype and speculation around the block halving, then it will end as soon as the block halving has taken place. That's exactly what I expect to happen.

This bull is going to end within 1 week or 1 month, no one knows this; but I guess that correction will be around to 600$, and not 200$ like 3 years ago. Once we've reached 1000$, everyone will try to sell its own coins, so, let's take popcorn and watch what will happen

I get your point, but rising this high this fast...I don't know.   And while the price action is great if you're holding bitcoin as an investment,  this is horrible for bitcoin as a currency.   But stabilizing at a much higher price would be great.

Maybe it's more to do with a shitty couple of years and more and some actual action for once? That's gonna make the people who've sat through it all pretty nutty with relief and some validation that they were right to do it.

I don't think the real madness has even gotten warmed up yet. When thousands of noobs show up here talking about loans is when the warning lights start flashing.