We exited the bear market earler than expected - page 2.

Shasha80

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Quote from: blockman on August 13, 2021, 06:18:53 PM

Quote from: Semar Mesem on August 13, 2021, 09:06:11 AM

What is happening with bitcoin right now makes us worth hoping for a lot, an increase of more than 15% in a week makes a bull run happen soon, I believe in august the price can reach ATH so holding on is the most profitable option.

But we're already in August. Tongue

Bitcoin to reach another ATH has to surpass the past ATH that we've got. And I agree with you that holding is always effective as it is. You just have to accumulate as many bitcoins as you can or if not a whole bitcoin since it's becoming expensive. Try to catch in decimals until you see your holding grow overtime.

That means maybe at the end of August Bitcoin will return to the ATH price, but expecting Bitcoin to rise above $60k in late August this might take
good news, which is able to trigger the price of Bitcoin to rise even faster. If not Bitcoin may be at the end of August will only reach the price of $50k.
But for me if Bitcoin fails to return to the ATH price at the end of August this will not be a problem, because so far Bitcoin has moved up, and we must
be grateful that Bitcoin is back on the right track. I agree that now we need to collect as much Bitcoin as possible and hold it until the price target
we want is reached.

blockman

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Quote from: Semar Mesem on August 13, 2021, 09:06:11 AM

What is happening with bitcoin right now makes us worth hoping for a lot, an increase of more than 15% in a week makes a bull run happen soon, I believe in august the price can reach ATH so holding on is the most profitable option.

But we're already in August. Tongue

Bitcoin to reach another ATH has to surpass the past ATH that we've got. And I agree with you that holding is always effective as it is. You just have to accumulate as many bitcoins as you can or if not a whole bitcoin since it's becoming expensive. Try to catch in decimals until you see your holding grow overtime.

Viscore

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Quote from: macson on August 13, 2021, 02:25:48 PM

Quote from: Wind_FURY on May 24, 2021, 08:31:25 AM

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market. Cool

now FUD is no longer effective at making the price of Bitcoin drop drastically. the bitcoin community is very strong, see when the price of btc drops to $29k instantly millions of people try to pump bitcoin with their posts on their respective social media accounts. nothing can stop bitcoin.

Bitcoin was really affected with China and Elon FUDS but after several months, it started to recover again. Gone are those days that bitcoin can be easily manipulated with different FUDS because the status of bitcoin right now is continuously reaching its strong resistance until it ends up in its new all time high.

Perhaps, the bear market we had before was not really bearish for bitcoin because its price that time is not that low. After all this continuous price surging, hopefully we will land into another peak price soon.

RealMalatesta

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Quote from: Fortify on August 11, 2021, 03:54:17 PM

There does seem to be a lot of media activity around Bitcoin right now, with more companies getting involved and accepting it (for free publicity). That was the general trend that happened as it rallied up to the all time high of $65k~. Lots of people with big bank accounts and cheap money is certainly fueling every type of asset out there, so investment bank funds are snapping it up right now. That being said, as we've seen previously even the slightest hint of action by the US government against cryptocurrency can have a devastating effect on the price and it seems like the infrastructure bill is having some crypto currency related laws snuck in as part of a package.

I do not think that companies accept bitcoin just for free publicity, it is also a great way to profit from your cash reserves. There are so many companies in the world who deal with cash flow and they have positive one, which means they have cash at hand at all times, sometimes a lot and sometimes very little, after a while they find something to buy with it, but between making it to investing it, there is a period where it is just cash sitting there doing nothing.

Most of the companies realized they could just buy bitcoin with some of that and keep it there and make profit from it, the bigger it grows the better it is for them, and unless there is a huge crash like what happened recently, it is quite liquid enough to sell it right away and then invest it into something else they want, hence using bitcoin like cash reserves. Accepting it as payment is just a part of the plan for this exact method.

macson

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Quote from: Wind_FURY on May 24, 2021, 08:31:25 AM

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market. Cool

now FUD is no longer effective at making the price of Bitcoin drop drastically. the bitcoin community is very strong, see when the price of btc drops to $29k instantly millions of people try to pump bitcoin with their posts on their respective social media accounts. nothing can stop bitcoin.

Tahsin Kabir Kollol

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It depends entirely on the market situation and there is an upward trend in the market at the present time and for some panic sellers, the market was down for a while. There is a big support in the upward market so that the market is not going down under the pressure of some sellers. But yes the market has recovered very fast which is faster than the expectations of the traders. The market has been slowing down and growing slowly again and this has happened a few times before but the latest growth has been very fast. We expect that cryptocurrency prices will rise all time high again in this way.

Princejebs

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Quote from: Kusman on August 11, 2021, 01:00:17 PM

The last bear market has ended earlier than I expected. To be honest, I wasn't expecting it to end before the end of this summer. It just got stuck between $30k and $35k for a long time. I would like to say that the bull market has come early but still I'm not sure whether this is a bull run. The market is bullish for sure. But we shouldn't overlook the possibility that it could be just a good rally.

No one will tell you that bull run has began until its over. Trust me, bitcoin accelerate from $3.7k to $64k, that's a financial miracle for any who bought the dip because that's sweet money without without doing anything than holding and be patient while your money double in double profits.
I am still looking for the same opportunity since then but it seems that's already too far from my expectations.

Semar Mesem

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Quote from: rosebrand on August 12, 2021, 08:34:00 PM

Bitcoin has been through a lot in the past and still survived so the FUD created and spread all round the crypto market wasn't a new thing to bitcoin, it was really so bad that most people where thinking it's gonna be the end road for bitcoin or a bear circle is already taking it's place, but am really so glad seeing the fast bounce back, everything happened so suddenly, when all hope was lost, bitcoin showed us that the bullish season hasn't ended yet and am glad seeing this, once again #uponly continues.

What is happening with bitcoin right now makes us worth hoping for a lot, an increase of more than 15% in a week makes a bull run happen soon, I believe in august the price can reach ATH so holding on is the most profitable option.

Distinctin

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Quote from: Sithara007 on August 12, 2021, 10:20:39 PM

The cryptocurrency market just followed the trends from other sectors of the economy. Look at the stock market, it is also at historic highs, despite the concern regarding the delta variant. And I have been saying this for sometime now. The 2021 price movements closely resemble what we had in 2017. And if that is true, we are about to witness a major bull run, by the end of this year. And hopefully by then, we will have multiple countries declaring Bitcoin as the legal tender (El Salvador is the only one which has currently done that).

I think what we had in 2017 is quite different from this year because i don't see we actually entered into a clear bearish season. Altcoins may have experienced the dips but when we talk about bitcoin, the price is still high when compared last 2017. I think its all because bigger institutions have already backed up bitcoin so when it falls, the price won't really drop drastically.

However, the price becomes even more optimistic today and if i'm not mistaken, we will enter a bullish season early this year. Bitcoin and ethereum are definitely on top and hopefully other altcoins will come up surging too so we can witness the whole crypto market becomes green again.

Wakate

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Quote from: Wind_FURY on May 24, 2021, 08:31:25 AM

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market. Cool

The bear market had really affected many crypto traders to have a rethink and reduce there trading potential because of huge loses that occurred during the recent Bitcoin fall. It's an excitement to see the price of Bitcoin going up from it recent bearish movement and i am very optimistic that good bullish move are yet to come.

Bitcoin is scaling through the oppression of the market by firms and countries have stood against the adoption activities of Bitcoin. More positive movement are yet to come which will really amaze people that have thought the market will not scale through this difficult time.

Wind_FURY

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Quote from: perfect999 on August 12, 2021, 09:29:35 AM

Quote from: Wind_FURY on August 12, 2021, 07:36:46 AM

Or also motivated by the search of a new type of investment. The companies that preach Bitcoin, also HODL Bitcoin. It’s free publicity for them and the network.

Yeah, investing trendy. While you are in profits and at the same time which works for promotions as well then I guess no one would ignore. These days bitcoin investments got 3 major benefits: 1. helps you to diversify your portfolio (usually possible only by new type investment) 2. Higher ROI 3. Publicity (even for individuals when shared on social media).

I believe that “Trendy” will be a word that will not be used to describe Bitcoin investing in a few years. The word to describe it will be “Traditional”, like bonds or blue chip stocks. Because many break-throughs, and ground-breaking inventions have come and have been accepted by society, Bitcoin will merely be one of them.

Sithara007

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The cryptocurrency market just followed the trends from other sectors of the economy. Look at the stock market, it is also at historic highs, despite the concern regarding the delta variant. And I have been saying this for sometime now. The 2021 price movements closely resemble what we had in 2017. And if that is true, we are about to witness a major bull run, by the end of this year. And hopefully by then, we will have multiple countries declaring Bitcoin as the legal tender (El Salvador is the only one which has currently done that).

rosebrand

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Bitcoin has been through a lot in the past and still survived so the FUD created and spread all round the crypto market wasn't a new thing to bitcoin, it was really so bad that most people where thinking it's gonna be the end road for bitcoin or a bear circle is already taking it's place, but am really so glad seeing the fast bounce back, everything happened so suddenly, when all hope was lost, bitcoin showed us that the bullish season hasn't ended yet and am glad seeing this, once again #uponly continues.

dezoel

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I understand that people are quite happy with the current situation but we should nevertheless be a bit more careful. I understand that we are not doing half bad, and that’s a good thing, looking at bitcoin it is at 46k right now, that’s quite good and we are still a bit long way further from the 64k our highest, but ethereum is getting closer to its peak, binance is not doing that bad with 400 bucks neither.

So, basically I feel like we are doing "fine" right now, not amazing, not awesome, not horrible, not bad, but just "fine" for now. What could make this great? If we see bitcoin over 50k, eth over 4k, bnb over 500, then you will know that we are back in bull season once again. I am already invested in all of them already, which means I am ready for an increase, but I am also keeping a bit of cash aside so that if the price falls I can be ready to buy some more.

perfect999

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Quote from: Wind_FURY on August 12, 2021, 07:36:46 AM

Or also motivated by the search of a new type of investment. The companies that preach Bitcoin, also HODL Bitcoin. It’s free publicity for them and the network.

Yeah, investing trendy. While you are in profits and at the same time which works for promotions as well then I guess no one would ignore. These days bitcoin investments got 3 major benefits: 1. helps you to diversify your portfolio (usually possible only by new type investment) 2. Higher ROI 3. Publicity (even for individuals when shared on social media).

Hence, there would be obviously no wonders on getting back to bullish markets as early as possible when considering above benefits.

Wind_FURY

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Quote from: Fortify on August 11, 2021, 03:54:17 PM

Quote from: Wind_FURY on May 24, 2021, 08:31:25 AM

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market. Cool

There does seem to be a lot of media activity around Bitcoin right now, with more companies getting involved and accepting it (for free publicity).

Or also motivated by the search of a new type of investment. The companies that preach Bitcoin, also HODL Bitcoin. It’s free publicity for them and the network. Cool

There are us from years ago, and more so to those Bitcoin OGs from years before my “years ago”.

Quote

That was the general trend that happened as it rallied up to the all time high of $65k~. Lots of people with big bank accounts and cheap money is certainly fueling every type of asset out there, so investment bank funds are snapping it up right now. That being said, as we've seen previously even the slightest hint of action by the US government against cryptocurrency can have a devastating effect on the price and it seems like the infrastructure bill is having some crypto currency related laws snuck in as part of a package.

Bitcoin is the great equalizer, inflate the money supply, then like a blackhole, there’s more money in circulation it can suck in.

Fortify

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Quote from: Wind_FURY on May 24, 2021, 08:31:25 AM

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market. Cool

There does seem to be a lot of media activity around Bitcoin right now, with more companies getting involved and accepting it (for free publicity). That was the general trend that happened as it rallied up to the all time high of $65k~. Lots of people with big bank accounts and cheap money is certainly fueling every type of asset out there, so investment bank funds are snapping it up right now. That being said, as we've seen previously even the slightest hint of action by the US government against cryptocurrency can have a devastating effect on the price and it seems like the infrastructure bill is having some crypto currency related laws snuck in as part of a package.

South Park

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Quote from: Kusman on August 11, 2021, 01:00:17 PM

The last bear market has ended earlier than I expected. To be honest, I wasn't expecting it to end before the end of this summer. It just got stuck between $30k and $35k for a long time. I would like to say that the bull market has come early but still I'm not sure whether this is a bull run. The market is bullish for sure. But we shouldn't overlook the possibility that it could be just a good rally.

Quite honestly I do not really think that what we saw was a bear market at all, it is true that there was a huge reduction in the price but it happened so quickly that I would describe it as a flash crash and then we remained close to those levels during all that time, to me that's not quite a bear market especially since it's duration was quite short compared to what we saw during 2018, so like always I think people were exaggerating by describing this as a bear market when it wasn't, it was just a big correction so it is natural that we came out way earlier than what many people expected.

Smartvirus

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Quote from: ?? on ??

I think that we were still in the bear market until this rally started. There is no need for the price to go down to $5k or $10k to call it as the bear market. If the price starts struggling too much and decreases gradually, it is nothing different than the bear market to me. But now, I believe that we aren't in it.

$5 or $10 price rate! That's some ridiculous price for any one to have hoped that bitcoin falls to, its practically impossible. Should we choose to be in on this and believe it could happen, you would still see that, some persons both futuristic and existing users would still fail to invest due to the fact that, they would feel bitcoin is going to be liquidated to it's 0%. Hence, when the bull market comes, your still most likely to see people crying over a golden opportunity not to have bought bitcoin from the deep. Well, its a new trend bitcoin and pattern bitcoin is cahrting for itself and you can guess its due to the increased awareness on it and the value it has earned over the years.

Kusman

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The last bear market has ended earlier than I expected. To be honest, I wasn't expecting it to end before the end of this summer. It just got stuck between $30k and $35k for a long time. I would like to say that the bull market has come early but still I'm not sure whether this is a bull run. The market is bullish for sure. But we shouldn't overlook the possibility that it could be just a good rally.

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