Topic: What's going on?? - page 2. (Read 383 times)
It is always a good time to invest during a bear market just like the one we are experiencing. It is moving horizontally and has been for a long time, but eventually it will be vertical and upwards again so to stay in the game you need to buy and hodl
I still think that this was just a short term reaction and, as such, an opportunity to sell. The trend is still bearish. Even if the breach of the 7415 was unexpected.
It may turn out that way. On the 1-day chart, the spike through the top of the range only ended as a wick. So there's been no breakout yet, and to boot, the other exchanges like Bitstamp and Coinbase didn't break their previous highs.
Still, I'd wait a few days to see how things shake out. Long/short ratios are still heavily in the bulls' favor. The price differences between Bitfinex and other exchanges has closed up a lot, and we're still sitting on solid gains over the past 24 hours. I won't be surprised if this resolves to the upside.
That was actually some USDT bullshit stunts, and I wonder why a lot of people are still making use of it, despite how shady everything about USDT is. The price never broke out from the triangle and actually, it was USDT pairs alone that had the huge spike due to some news about some implosion or whatever. Even on bittrex, where both BTC/USD and BTC/USDT pair is traded, only the USDT pair had such an erroneous move. As far as I am concerned, USDT days are numbered.
It's not just USDT, but also Bitfinex. Bitfinex and Tether pairs are a massive portion of BTC trading volumes. It doesn't matter if Tether's days are numbered. For now, these pairs have a very obvious effect on the market, whether or not people write them off as "bullshit stunts."
As an example: if it were only Tether pairs that were moving, then why did Bitstamp spike up $500?
Gradually placing in some money in bitcoin is the best option you could always have as opposed to entering the markets out of nowhere and investing in one go. By placing your money in bitcoin over time, say, monthly, you'll have the chance to average your buys and deal with the losses you might incur in the process rather than buying in a single go and having slim chances of a recovery in case the market sentiment goes bearish. It's hard expecting positive results immediately after buying so always buy incrementally up until your intended capital is used on a certain asset you want to have.
Regarding a majority of what you are hearing in the forum, I really think that is a good advice for you because instead of the FUD there are a vast majority of people that would say it is still good to invest with bitcoin and right now that we are back with the cheaper price, for now, it is pretty good to invest because as we all know about bitcoin it will always make a huge pump and every passing year we can really see the big increase it does, Don't just think that the price will go down because we are still in a bearish market many does obviously thinking that this will be the end for bitcoin but for me this is just the beginning.
Hi guys,
I started again recently to get interested in Bitcoin and I just wanted to know if somebody could tell me what I missed with what's important about the Bitcoin this summer. Is it still a good idea to invest in Bitcoin? Do you think it's going to go up by the end of the year?
Thank you!!
I started again recently to get interested in Bitcoin and I just wanted to know if somebody could tell me what I missed with what's important about the Bitcoin this summer. Is it still a good idea to invest in Bitcoin? Do you think it's going to go up by the end of the year?
Thank you!!
In terms of what's new there's not a lot to report in regard to adoption or development. In terms of price speculation we've been in a very stable and low volume period. This is either a consolidatory period and will be followed by a bullish run or it's a last resistance before the bear market continues further on-wards. Personally I believe in the first option as the support for bitcoin at 6k has been so strong. I do believe that any price movement for the rest of 2018 will be minimal, if we are to go bullish it won't be like 2017 it will be a slow increase over an extended period.
That was actually some USDT bullshit stunts, and I wonder why a lot of people are still making use of it, despite how shady everything about USDT is.
exactly. there are a lot of people who still think 1 USDT should always be = 1 USD. which has never been true since we had a lot of examples of the price of it falling down.
and the reason is because most people don't listen to warnings until it is too late. like not seeing red flags of scam exchanges until they get scammed themselves.
I still think that this was just a short term reaction and, as such, an opportunity to sell. The trend is still bearish. Even if the breach of the 7415 was unexpected.
It may turn out that way. On the 1-day chart, the spike through the top of the range only ended as a wick. So there's been no breakout yet, and to boot, the other exchanges like Bitstamp and Coinbase didn't break their previous highs.
Still, I'd wait a few days to see how things shake out. Long/short ratios are still heavily in the bulls' favor. The price differences between Bitfinex and other exchanges has closed up a lot, and we're still sitting on solid gains over the past 24 hours. I won't be surprised if this resolves to the upside.
That was actually some USDT bullshit stunts, and I wonder why a lot of people are still making use of it, despite how shady everything about USDT is. The price never broke out from the triangle and actually, it was USDT pairs alone that had the huge spike due to some news about some implosion or whatever. Even on bittrex, where both BTC/USD and BTC/USDT pair is traded, only the USDT pair had such an erroneous move. As far as I am concerned, USDT days are numbered.
Regarding the market overall, and for the general BTC/USD market, we only tested the upper line of the triangle with the price rejected pretty fast with a long wick as well (using bitstamp chart) and currently trading around the $6400 region, but I am still trying to switch to the optimism side, knowing that the more a resistance is being tested, the more it gets weak and probably we might see a breakout upward, and just as you said, I won't be surprised if it resolves to the upside either.
Hi guys,
I started again recently to get interested in Bitcoin and I just wanted to know if somebody could tell me what I missed with what's important about the Bitcoin this summer. Is it still a good idea to invest in Bitcoin? Do you think it's going to go up by the end of the year?
Thank you!!
It is still a good investment decision if you will like to invest now. However this is not an advice you invest but my views base on the current price and the recent market behavior. We have had good news about of recent and those news are going to be translated into bullish trend in future. I started again recently to get interested in Bitcoin and I just wanted to know if somebody could tell me what I missed with what's important about the Bitcoin this summer. Is it still a good idea to invest in Bitcoin? Do you think it's going to go up by the end of the year?
Thank you!!
Hi guys,
I started again recently to get interested in Bitcoin and I just wanted to know if somebody could tell me what I missed with what's important about the Bitcoin this summer. Is it still a good idea to invest in Bitcoin? Do you think it's going to go up by the end of the year?
Thank you!!
I started again recently to get interested in Bitcoin and I just wanted to know if somebody could tell me what I missed with what's important about the Bitcoin this summer. Is it still a good idea to invest in Bitcoin? Do you think it's going to go up by the end of the year?
Thank you!!
This summer?Today is October 16,the summer is over.
Nothing important happened.The bitcoin price is moving between 6100 and 6800 USD and the community expects something big to happen during the next year or maybe 2020.
I don't think that this is the right sub-forum to post newbie questions though.
I still think that this was just a short term reaction and, as such, an opportunity to sell. The trend is still bearish. Even if the breach of the 7415 was unexpected.
It may turn out that way. On the 1-day chart, the spike through the top of the range only ended as a wick. So there's been no breakout yet, and to boot, the other exchanges like Bitstamp and Coinbase didn't break their previous highs.
Still, I'd wait a few days to see how things shake out. Long/short ratios are still heavily in the bulls' favor. The price differences between Bitfinex and other exchanges has closed up a lot, and we're still sitting on solid gains over the past 24 hours. I won't be surprised if this resolves to the upside.
I still think that this was just a short term reaction and, as such, an opportunity to sell. The trend is still bearish. Even if the breach of the 7415 was unexpected. But the rapid move down seems to confirm this opinion. But I'll be very attentive if this makes a new high above 7721.
Its generally best to invest over time so monthly I think is a good idea, its hard to enter the market out of nowhere and expect a positive result. Its the same for many markets but especially bitcoin as it has higher volatility.
Here is the picture as I see it just near term, I expect us to achieve 6500 before reacting. Generally we've gone sideways and its possible the market is waiting for news or development to occur -
Here is the picture as I see it just near term, I expect us to achieve 6500 before reacting. Generally we've gone sideways and its possible the market is waiting for news or development to occur -
Hi guys,
I started again recently to get interested in Bitcoin and I just wanted to know if somebody could tell me what I missed with what's important about the Bitcoin this summer. Is it still a good idea to invest in Bitcoin? Do you think it's going to go up by the end of the year?
Thank you!!
I started again recently to get interested in Bitcoin and I just wanted to know if somebody could tell me what I missed with what's important about the Bitcoin this summer. Is it still a good idea to invest in Bitcoin? Do you think it's going to go up by the end of the year?
Thank you!!
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