Topic: What's really happening with BITCOIN? - page 2. (Read 264 times)

Market cycle running with speedly. So we can expect anything but market has own its plan. My friend said me that market is acting with unexpectedly. So what everyone expect? Most of the time it will be go opposite way. I believe in that theory right now.

Right now, it is difficult to tell which way bitcoin will go and why bitcoin is going this low or how long the bleeding is take

Whoever told you that bitcoin will reach 10k, they were actually speculating the price and no one on the earth knows for sure. We all are speculators here and we can only speculate the price but can't tell anything for sure. Also cryptos are the only market that reflects the free market dynamics so it is almost impossible to capture the Future trend correctly.

The current bearish trend is the result of the bitcoin ETF delay by SEC. It looks apparently correct because there is no other bad news trending in the market (I am guessing). So take this as an opportunity and buy more if you believe in bitcoin. I am sure a lot of people have started doing that already. Once the market moves free from the hype of the ETF, it may start go up again distributing the profits to the believers!

I also think that the situation on the market is a game of big investors who earn a difference of 1000 $ bitcoin between the purchase price and the sale price. This is a very volatile asset, where large players make their money. I will not be surprised, there are bears will be able to break through the mark of $ 5000

Everyone likes to think they "understand the market", but over the long term, all people can really do is guess.  There are too many variables to accurately predict.  Some experienced traders (and I'm most certainly not one of them) are talented at spotting current buy or sell signals, but no one really knows what to forecast for the long term.  That's why it's called "speculation".

It's likely that with most of the people who say it's going to $10K, or whatever other figure they "predict", they generally just start with a number in their head they'd ideally like to see, then they go looking for news, patterns or trends that might look like it supports their prediction.  Ignore them.  They don't know anything more than you or I do.  Otherwise, if they really did know in advance what price to expect, they'd be ridiculously wealthy by now.  If you want to succeed as a trader, you'll have to learn the skills that generally only come with experience and time, but you're inevitably going to suffer some losses along the way.  But again, there's no magic involved here, you'll only be learning skills that enable you to tell which way the market is heading at any given moment in the present, not what it will be doing in future.  So the better advice is to stop trying to be a trader if you don't want to take risks.  Play the long game and be patient.  

Or, stop worrying about the price and focus on the technology and the real benefits, like increased privacy and greater control over your money with no middlemen involved (unless you're leaving your money on an exchange, in which case you aren't actually gaining those benefits).

A few days back, BITCOIN reached 8,000 after a long time. and today, bitcoin price falls down to $6200 back. many people told that bitcoin will hit $10K , actually what's happening with Bitcoin? I can't understand the market anymore. I would like to know you guys' ideas.