Whales are accumulating bitcoin - page 2.

Ultegra134

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Quote from: asarfiar on November 03, 2024, 10:19:30 AM

If we look at the Bitcoin market system, we can see that the price of Bitcoin has been decreasing gradually for the past few days. Bitcoin is volatile but it continues to move at a certain pace, the rising price is a prime example of that. I can imagine that Bitcoin will definitely have a positive impact on the upcoming elections, because whichever party wins the elections, Bitcoin can contribute to a higher peak. And if Donald Trump wins, expect Bitcoin to make a new all-time high ATH very soon.

Many people are motivated by the rising Bitcoin price and investors are waiting for a big return, so for those who are still thinking about Bitcoin investment I say start investing today and keep going!

I wouldn't say it's decreasing; it almost reached a new ATH a few days ago, and since then, it has been ranging between $68,000 and $70,000. I would say that it's generally stable, while its volatility has decreased the past few months, with minor price fluctuations that usually recovered within a couple of days. We're only a few hours away from the 2024 U.S. elections, and I'm also positive that Trump can influence Bitcoin's price positively. I'm not keeping much track of the U.S.'s politics, but I'm confident that Trump is going to win.

LUCKMCFLY

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Quote from: Odusko on October 27, 2024, 04:00:11 PM

but the problem is, when that time for the bull market will be and hoping that it doesn't take most of us unaware.

That is why we must be prepared, both for that and for the opposite case, remember that sometimes the market does the opposite of what the masses think, and in this sense one does not know what to think, there we saw the halving effect, we all expected the price to reach about $ 100k but no, it went down in price, so for now you can buy it seems fine to me, if the price goes down then continue buying, as they say but there you go buy in the dip, but it is the most advisable, the nice thing is if every time the price goes down you have enough money to buy hard , for that reason those of us who do the DCA method need to ensure thoroughness.

bullrun2024bro

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It's all over the news from time to time, quite funny that Bitcoin Magazine just posted this about 15 minutes ago on X:

Source: Bitcoin Magazine

But you have to remember, these are news outlets, they farm engagement of course.

Quote from: Dave1 on November 02, 2024, 07:31:30 AM

But yeah, maybe at the start of the November and the next coming 6 months, we could be seeing a massive pump again. The election is coming and so I'm expecting that we should be getting near all time high prices again or even established a new one and then it will go slowly increasing like every month and reach 6 figures.

Agree, the next 6 months should bring higher BTC prices, no matter who wins the election on Tuesday.

Pretty sure 6 figures will be the new normal in a few months (that doesn't mean that we won't dip below 6 figures again ofc.)

asarfiar

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Quote from: Ultegra134 on October 30, 2024, 05:41:07 PM

Quote from: jaberwock on October 27, 2024, 03:40:39 PM

What about on the past or now? You are here already, so which means you have an interest with BTC. Also, being stable in price is still a good thing and better than if the market is bearish even though it can also allow us to buy cheaper. With what what is said earlier that the market haven't dumped yet, it is a sign that the bull run is still around the corner and can get resumed anytime of the day most especially now that we are on the final quarter of the year.

There is no limit about the bull run that we can get which is okay because a bull run is a very good time. It allows us to sell for a very good profit and if in case the bull run is delayed these days/times, we can surely get it it later down the road.

If I'm honest, I don't mind price fluctuations, I'm usually delighted during bear market because I can accumulate more at a significantly cheaper rate. On the contrary, bull market decreases my pace of accumulation and it's the main reason I'm not that fond of it, which is why I didn't mind the relatively stable price during the last few months. However, I was flabbergasted seeing Bitcoin almost surpassing another ATH, being less than $100 away, it was something I wasn't expecting this time of the year.

If we look at the Bitcoin market system, we can see that the price of Bitcoin has been decreasing gradually for the past few days. Bitcoin is volatile but it continues to move at a certain pace, the rising price is a prime example of that. I can imagine that Bitcoin will definitely have a positive impact on the upcoming elections, because whichever party wins the elections, Bitcoin can contribute to a higher peak. And if Donald Trump wins, expect Bitcoin to make a new all-time high ATH very soon.

Many people are motivated by the rising Bitcoin price and investors are waiting for a big return, so for those who are still thinking about Bitcoin investment I say start investing today and keep going!

Marvell1

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Quote from: Ultegra134 on November 02, 2024, 08:58:00 AM

Quote from: Yaunfitda on November 02, 2024, 08:12:01 AM

You can put it that way, regardless of the result of the US election, Bitcoin will have not choice but to go on a bull run this 2024 to 2025. We've known that the market is very unpredictable, even if you see at the price prediction games here, there are those who join the contest that I think might win, but in the matter of just 48 hours the prices changes and so there is a new set of winners.

So this trend could be the same, very volatile and yet sooner or later there could be a big price rise, a parabolic increase and then the next thing we know, the price is already at the $100k price range. So 6 months, or in a year, we could achieved that price.

Well, the elections are on Tuesday, so we'll see how things progress soon enough. However, I'm not too familiar with the elections and who's likely to win, but from my understanding the main two candidates, Trump and Kamala have shown an interest in cryptocurrencies, which may perhaps alter Bitcoin's movement in the short-term. I don't doubt that Bitcoin will thrive no matter the election outcome, but it may have short-term negative or positive result. We'll see in a few days, despite that, I'm extremely confident about 2025 regarding Bitcoin's performance.

Only Trump has expressed public support for Bitcoin, Kamala has shown no interest in Bitcoin or cryptocurrencies, she has ignored and barely mentioned cryptocurrencies throughout the campaign. So the election results will have an impact on Bitcoin's movement in the short term.

In case Kamala wins and stays neutral on bitcoin then we could see a bull run, but if she goes against bitcoin and enacts tough policies then I doubt we will see a bull run in 2025. We should accept the fact that things have changed from the past, bitcoin is getting attention from the government and they have a significant impact on it through policies. It can be said that the development of bitcoin these days depends on the government, on the world economy, whether we like it or not, that is the truth.

Ultegra134

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Quote from: Yaunfitda on November 02, 2024, 08:12:01 AM

You can put it that way, regardless of the result of the US election, Bitcoin will have not choice but to go on a bull run this 2024 to 2025. We've known that the market is very unpredictable, even if you see at the price prediction games here, there are those who join the contest that I think might win, but in the matter of just 48 hours the prices changes and so there is a new set of winners.

So this trend could be the same, very volatile and yet sooner or later there could be a big price rise, a parabolic increase and then the next thing we know, the price is already at the $100k price range. So 6 months, or in a year, we could achieved that price.

Well, the elections are on Tuesday, so we'll see how things progress soon enough. However, I'm not too familiar with the elections and who's likely to win, but from my understanding the main two candidates, Trump and Kamala have shown an interest in cryptocurrencies, which may perhaps alter Bitcoin's movement in the short-term. I don't doubt that Bitcoin will thrive no matter the election outcome, but it may have short-term negative or positive result. We'll see in a few days, despite that, I'm extremely confident about 2025 regarding Bitcoin's performance.

maydna

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Quote from: Orpichukwu on October 30, 2024, 02:32:30 PM

Quote from: mirakal on October 30, 2024, 06:28:05 AM

We can’t ignore the huge influence they have on the market. A lot of small investors just follow their lead, and we can clearly see the impact this has on price movements.

This is very correct. I know of traders whose buying and selling decisions are based on whales track alert. If they see news of whales accumulating big on bitcoin or any other crypto, they do the same with the little they can afford and sell off when ever those whales make a sell move, as they believe that there's something they see in that market that makes them take any decision at every point in time.

If they can use that moment for their advantages, they will make a profit like what the whales get. They are right behind on the whales moves so they can get the time to act. But that will not easy as the whales moves can not be predicted and they must be careful to decide.

They must monitor the market or search for the news from many sources. That will not be easy because among many news they found, some news can be fake and makes them pick a wrong decision. So only awareness and be careful of the sources that they can do before they decide.

ndutndut

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Quote from: Franctoshi on October 30, 2024, 03:58:30 PM

Quote from: Oshosondy on October 19, 2024, 07:05:30 AM

I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.

According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.

From a source I followed that monitors some whales transactions, a lot of increasing Bitcoin transactions has been going on lately, Bitcoin moving from exchanges to wallets and USDT moving from wallet to exchanges, signaling Buying presure, even from what I can read from the chart, you can tell that there's massive accumulation going on and not only now but over the past few months after Halving, but seem what we are seeing now is whales trying to take their last positions in the market before the final ride.

It is not surprising that whales have started moving their assets to the exchange so that there has been a price increase in the last few days, of course a bull run pattern will soon form, especially as you said after a few months of halving the whales are trying to take positions because they know a bull run is coming. The bull run pattern will always be the same even though the time is not the same after this halving, we can see it from the previous having-halving. After the halving occurs, a few months later the bull run occurs, I hope this will happen soon.

I will take steps like whales to continue buying bitcoin at times like this, especially this month there is a general election in the US, of course this will be one of the bitcoin factors to create a bull run. If whales have started collecting bitcoin, it will be a good sign, so take advantage of moments like this to continue collecting bitcoin with dca.

Yaunfitda

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Quote from: Ultegra134 on November 02, 2024, 07:51:11 AM

Quote from: Dave1 on November 02, 2024, 07:31:30 AM

We've got some movement and almost hit a new all time high, but currently, it's sitting just below the $70k region. And we end up October with a big increased, and when we thought that it's going to be bad, it rose 11%, so that is really good to ending for us.

But yeah, maybe at the start of the November and the next coming 6 months, we could be seeing a massive pump again. The election is coming and so I'm expecting that we should be getting near all time high prices again or even established a new one and then it will go slowly increasing like every month and reach 6 figures.

I was quite surprised to be honest, I wasn't expecting such a price increase in November, I was anticipating that Bitcoin would follow its previous, relatively stable trend, but generally, it has been proven that the market is unpredictable. The upcoming elections might make the difference, whether that's positive or negative, we'll see in a few days, and perhaps we then can predict with higher accuracy what's going to happen in the upcoming months. Provided things continue as they are, I believe it's inevitable to see a new ATH of over $75,000 anytime soon, in 2025.

You can put it that way, regardless of the result of the US election, Bitcoin will have not choice but to go on a bull run this 2024 to 2025. We've known that the market is very unpredictable, even if you see at the price prediction games here, there are those who join the contest that I think might win, but in the matter of just 48 hours the prices changes and so there is a new set of winners.

So this trend could be the same, very volatile and yet sooner or later there could be a big price rise, a parabolic increase and then the next thing we know, the price is already at the $100k price range. So 6 months, or in a year, we could achieved that price.

YOSHIE

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Quote from: Oshosondy on October 19, 2024, 07:05:30 AM

According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.

Whether it is a trick or strategy that leads to reverse speculation or manipulation, I used to think that Bitcoin's development tricks are always changing, we understand that after the halving happened yesterday there was no real development for Bitcoin like what happened before, I was thinking, why.....! Maybe that's how whales create and how they build new nests.

As happened when the halving occurred, a new ATH was created, but not this time, is it possible that an ATH will occur in the next few months after the halving occurs, this is indeed confusing speculation, many Bitcoin experts are confused by the current situation, Whale games can really make Bitcoin users nervous, many people currently believe and don't believe in what will happen to Bitcoin in the future, is this a new strategy being played.

If you look at the OP news, I think something strange is happening for the future development of Bitcoin, everyone is putting hope after the halving happens, confusing facts happen, I think this is a strategy that brings good luck.

Ultegra134

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Quote from: Dave1 on November 02, 2024, 07:31:30 AM

We've got some movement and almost hit a new all time high, but currently, it's sitting just below the $70k region. And we end up October with a big increased, and when we thought that it's going to be bad, it rose 11%, so that is really good to ending for us.

But yeah, maybe at the start of the November and the next coming 6 months, we could be seeing a massive pump again. The election is coming and so I'm expecting that we should be getting near all time high prices again or even established a new one and then it will go slowly increasing like every month and reach 6 figures.

I was quite surprised to be honest, I wasn't expecting such a price increase in November, I was anticipating that Bitcoin would follow its previous, relatively stable trend, but generally, it has been proven that the market is unpredictable. The upcoming elections might make the difference, whether that's positive or negative, we'll see in a few days, and perhaps we then can predict with higher accuracy what's going to happen in the upcoming months. Provided things continue as they are, I believe it's inevitable to see a new ATH of over $75,000 anytime soon, in 2025.

Dave1

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Quote from: Ultegra134 on October 25, 2024, 12:32:38 AM

Quote from: Dave1 on October 24, 2024, 11:10:14 PM

Well it could be that they are preparing themselves for a big rally, or maybe they are just whales, trying to out buy everyone and have a lot of Bitcoin at their disposal because we all know that sooner or later, we are going to hit new all time high again.

It's not that there is a possibility of a bull market in 2025, we are in the bull market already. Although it could be a different bull run since we have hit new all time high prior to the halving itself. But still we are very positive that somewhere next year, we might be really seeing a 6 digit price of Bitcoin.

It's a little bit of both; whales are constantly acquiring more Bitcoin; however, statistically, we've seen that major whales are upping their purchases if they're anticipating market growth. Also, I agree, we're already in the bull market, even though it doesn't seem that way. I remember reading another topic a few days ago that this has been the least volatile bull period Bitcoin has ever noticed. I'm also positive that in less than 6 months to a year, Bitcoin will have surpassed $100,000 and hit 6 figures.

We've got some movement and almost hit a new all time high, but currently, it's sitting just below the $70k region. And we end up October with a big increased, and when we thought that it's going to be bad, it rose 11%, so that is really good to ending for us.

But yeah, maybe at the start of the November and the next coming 6 months, we could be seeing a massive pump again. The election is coming and so I'm expecting that we should be getting near all time high prices again or even established a new one and then it will go slowly increasing like every month and reach 6 figures.

Ultegra134

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Quote from: jaberwock on October 27, 2024, 03:40:39 PM

What about on the past or now? You are here already, so which means you have an interest with BTC. Also, being stable in price is still a good thing and better than if the market is bearish even though it can also allow us to buy cheaper. With what what is said earlier that the market haven't dumped yet, it is a sign that the bull run is still around the corner and can get resumed anytime of the day most especially now that we are on the final quarter of the year.

There is no limit about the bull run that we can get which is okay because a bull run is a very good time. It allows us to sell for a very good profit and if in case the bull run is delayed these days/times, we can surely get it it later down the road.

If I'm honest, I don't mind price fluctuations, I'm usually delighted during bear market because I can accumulate more at a significantly cheaper rate. On the contrary, bull market decreases my pace of accumulation and it's the main reason I'm not that fond of it, which is why I didn't mind the relatively stable price during the last few months. However, I was flabbergasted seeing Bitcoin almost surpassing another ATH, being less than $100 away, it was something I wasn't expecting this time of the year.

Franctoshi

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Quote from: Oshosondy on October 19, 2024, 07:05:30 AM

I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.

According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.

From a source I followed that monitors some whales transactions, a lot of increasing Bitcoin transactions has been going on lately, Bitcoin moving from exchanges to wallets and USDT moving from wallet to exchanges, signaling Buying presure, even from what I can read from the chart, you can tell that there's massive accumulation going on and not only now but over the past few months after Halving, but seem what we are seeing now is whales trying to take their last positions in the market before the final ride.

Orpichukwu

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Quote from: mirakal on October 30, 2024, 06:28:05 AM

We can’t ignore the huge influence they have on the market. A lot of small investors just follow their lead, and we can clearly see the impact this has on price movements.

This is very correct. I know of traders whose buying and selling decisions are based on whales track alert. If they see news of whales accumulating big on bitcoin or any other crypto, they do the same with the little they can afford and sell off when ever those whales make a sell move, as they believe that there's something they see in that market that makes them take any decision at every point in time.

mirakal

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We can’t ignore the huge influence they have on the market. A lot of small investors just follow their lead, and we can clearly see the impact this has on price movements. While this might be the start of prices rising again, I’m still not confident that it’ll take us to a new all-time high. For every person buying, there are others selling and taking advantage of the situation, which is why it’s rare to see prices steadily rising without fluctuations. Not everyone’s riding the same wave, and the ups and downs are still very much felt. Maybe I’m wrong, but I still think hitting $100k as a new all-time high is going to be tough.

Odusko

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Those that accumulate between when the last discount price mark of 60k before the jump that recovered the price back to around 67k+ at the moment, so for sure the whales already understand this Bitcoin market formula and their constantly taking the needed steps to accumulate more and placing themselves in the position to control the market in whichever direction they want, so also are the trader's who understands the time taking similar step to buy more Bitcoin each time the price provides them with such opportunity to do so, and at such a a lot of profits are being made from that approach.

So I am not surprised to see that statistics of whales who are taking the steps to accumulate the amount and number of Bitcoin to filld up the bags, and keeping it ready to be offloaded when the price skyrocket to a merging that their will be at high profits and also be able to influence the price in whichever way possible.

Whatever price movement and all time high movement that bitcoin have made in the past, is just a tip of the iceberg because in the next bull market, Bitcoin may likely double the last all time price as it benchmark at that time, but the problem is, when that time for the bull market will be and hoping that it doesn't take most of us unaware.

jaberwock

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Quote from: Ultegra134 on October 24, 2024, 05:01:29 PM

Bitcoin almost reached $70,000 a few days ago, something which sparked my interest because the past few months have been quite stable, barely surpassing $65,000. There's still a possibility of a bull market till 2025.

What about on the past or now? You are here already, so which means you have an interest with BTC. Also, being stable in price is still a good thing and better than if the market is bearish even though it can also allow us to buy cheaper. With what what is said earlier that the market haven't dumped yet, it is a sign that the bull run is still around the corner and can get resumed anytime of the day most especially now that we are on the final quarter of the year.

There is no limit about the bull run that we can get which is okay because a bull run is a very good time. It allows us to sell for a very good profit and if in case the bull run is delayed these days/times, we can surely get it it later down the road.

LUCKMCFLY

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For me it is obvious that the whales are buying BTC, the market itself says so, when it went up to $69k, then it went down, then it went up, then it went down again, even when the price range is below $65k things are very good for them to buy, in fact we are not surprised that the market can go down much more, it is normal if they enter from an exchange with shorts because that is what they have done, in fact they got Bitfinex into a tremendous problem because of that, saying that they were printing USD everywhere, but what really happened is that the majority of investors entered with shorts so that others would sell in panic and they would buy, so that strategy can happen again.

fulcare

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Quote from: Oshosondy on October 19, 2024, 07:05:30 AM

I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.

According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.

I'd rather not speculate on whether or not history repeats itself, but simply have a look at the fundamentals and how Bitcoin is perceived by various actors in public. Talking about 2020 to 2021, that was still a time when Bitcoin got bashed by most politicians, now it gets embraced at least seemingly or they pretend to embrace it. I am particularly talking about the US politicians here, but in other countries as well. Bitcoin is not the rat poison anymore that it was once said to be. Some people would still like to get rid of it, but by now understood that there is no getting rid of it.

Your analysis or assumption could be true, could not be true. I would rather stick to my guns here and come up with my own assessment, which is not so much focused on the timeframe, but on the yes or no. Will Bitcoin go up? Very likely yes. Does it matter when? Not so much.

Topic: Whales are accumulating bitcoin - page 2. (Read 933 times)