Whats your thought - page 4. | Bitcointalksearch.org

zaim7413

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Quote from: Researchoo on July 03, 2023, 06:37:35 AM

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Basically the price of Bitcoin is influenced by demand and supply in the market, logically if the demand for purchasing power of Bitcoin in the market is higher or exceeds supply then the price of Bitcoin will rise. Investor actions that hold more Bitcoin can affect Bitcoin prices due to increasingly limited supplies, news presented about Bitcoin can also trigger Bitcoin price movements. The views of government agencies (Regulation) on Bitcoin can also affect the price of Bitcoin.
The price of Bitcoin will continue to change as investors, users, and the government respond positively to Bitcoin as a capital asset.

asrinur

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I think, the recent rise in the price of Bitcoin can be due to the positive news, investor speculation and increased mainstream awareness of the cryptocurrency. This pump is likely to have an impact on the cryptocurrency market as a whole by increasing the interest and prices of other crypto assets. However, high price fluctuations and investment risks need to be watched out for in the volatile cryptocurrency market.

posi

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Quote from: Oasisman on July 09, 2023, 09:23:12 PM

Quote from: Researchoo on July 03, 2023, 06:37:35 AM

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

I don't think we're seeing a pump yet, It looks like this just part of the recovery after the attack on the mempool and the SEC crack down on big crypto exchanges. All of that were just a big part of the plan to drag bitcoin down, so these people could buy at a very low price if plan all goes well, and yeah that includes the SEC people. However, bitcoin didn't even cross below $25k so I don't all those plans have really worked out for them. Now, investors are gradually accumulating as a prep for the next bitcoin pump, aka the halving. So, that translates as to why bitcoin stays it's ground despite of the attack, though there were those who got scared and sold their bags, but for sure they're back in the game now LOL!

The SEC's crackdown on exchanges wasn't strong enough to get bitcoin to drop below $25k, but that doesn't mean people are actively accumulating, and that's not why bitcoin hasn't dropped too much. Even though we are getting closer to the halving with each passing day, but I still think there will be more corrections in the coming months than thinking bitcoin will never go below $25k again. I'm still DCAing monthly, but I'm still waiting for a buy under $25k.

wiss19

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Quote from: YUriy1991 on July 07, 2023, 12:01:31 AM

OP, Take a look at the market once in a while. For example, the BTC price is going sideways and suddenly a large amount of money enters the market and makes the BTC price soar, of course there are those who smile and are confused. For those who know just smile and for those who don't know, they are still confused about what happened, why did the increase suddenly increase... I think it's easy to conclude that, there is a large demand for buying and selling less and this is inseparable and related to matters that form the basis of general market sentiment.

It doesn't really always work that way, I know that demand and supply is the way how the market generally moves but sometimes there is a lot of manipulation happening in the cryptocurrency market, whales make big walls or buying and selling orders to either bring the price down or up based on what they are willing to do, if they want to sell some of their assets high, they make a buying wall so that people start buying above them.

When there is no manipulation the market moves very slowly unless some whale enters the market and buys or sells a very large amount of assets which will make the market either go up or down, otherwise, with retail investors it will take way more time for the market to move.

Oasisman

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Quote from: Researchoo on July 03, 2023, 06:37:35 AM

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

I don't think we're seeing a pump yet, It looks like this just part of the recovery after the attack on the mempool and the SEC crack down on big crypto exchanges. All of that were just a big part of the plan to drag bitcoin down, so these people could buy at a very low price if plan all goes well, and yeah that includes the SEC people. However, bitcoin didn't even cross below $25k so I don't all those plans have really worked out for them. Now, investors are gradually accumulating as a prep for the next bitcoin pump, aka the halving. So, that translates as to why bitcoin stays it's ground despite of the attack, though there were those who got scared and sold their bags, but for sure they're back in the game now LOL!

GigaBit

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Gradually investors are increasing their investment amount. Along with new investors, institutional investors are also joining and they are also starting to trust Bitcoin. As a result, Bitcoin started to move upwards slowly. Moreover, there is also a possibility of SEC allowing ETF trading in recent times. As the time for the upcoming Bitcoin halving approaches, it will gradually lead to a Bitcoin Bull Run.
Those who are able to take advantage of this opportune time to grow their portfolios will be the ones who will benefit the most from the Bitcoin bull run. Moreover, with the strength that Bitcoin has accumulated from long bear markets, there is no doubt that it will be stronger in future bull markets than in the past.

STT

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We're ending the week in sedate decline, an apparent negative state. However I think we are better off then we could easily be, that is the negative action in BTC comparatively is far more positive then a proper decline or selloff. We end this weekly bar above the big picture view Fibonacci level for the entire retraction from ATH; that has to be weighed as positive for a forward looking view of BTC price action.
We are below the weekly average and my personal rule is we should expect a negative market so long as BTC remains unable to pick itself up and rise that weekly decline and fight back. If you are on floor, its a harder fight to win so we cant just assume holding here is enough be ready for a test downwards is probably most realistic.

Lanatsa

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Quote from: Yamifoud on July 09, 2023, 11:16:52 AM

Quote from: Odusko on July 08, 2023, 11:42:13 AM

Quote from: Researchoo on July 03, 2023, 06:37:35 AM

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Whenever bitcoin makes an increase in its USD value it means the demand for Bitcoin has boosted as that has reacted in the price so since Bitcoin is not like all those shitcoins/altcoins it then means using the term pump in your attempt to define the recent price increase in bitcoin is wrong so in an attempt to uncover the reason behind the recent price increase for Bitcoin I stumbled on a couple of reasons but then we have to know that Bitcoin as a volatile asset, does not rely on a particular event of news to make a price rise since it price depends only on the demand.

And whatever the reason is, this is really how the market looks like - it dumps and it pumps.
Of course, there will be reason but I don't think we need to find it instead, let it happen. Let us also accept the truth that Bitcoin will pump after the bear season and the rise is somewhat expected this time and in the coming days. We're getting close to halving and the next is projected to be a bullish season. With the rise that we see these days, it was just an indication that the market is active and it goes along the same thing that we experience in the past.

Always be having that realization that whenever you are involved in a market whether stocks/forex/cryptocurrencies on which if we do speak about generally on whats a market then it would really be just having
that two possible movement which is going up or down. Factors? There's lots which you would be needing to consider out because its not something that you would be able to guess on where the price would be going but due to indicators and tools that we do have then we could have at least the slightest idea on where it would possibly heading.

Now that we are talking about bitcoin then we know that there's no way that we could be able to tell nor predict on where its price would really be heading.This is why profitability would really be varying
on how someone would be able to make their analysis so well but of course there would be no guarantees about success.

Yamifoud

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Quote from: Odusko on July 08, 2023, 11:42:13 AM

Quote from: Researchoo on July 03, 2023, 06:37:35 AM

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Whenever bitcoin makes an increase in its USD value it means the demand for Bitcoin has boosted as that has reacted in the price so since Bitcoin is not like all those shitcoins/altcoins it then means using the term pump in your attempt to define the recent price increase in bitcoin is wrong so in an attempt to uncover the reason behind the recent price increase for Bitcoin I stumbled on a couple of reasons but then we have to know that Bitcoin as a volatile asset, does not rely on a particular event of news to make a price rise since it price depends only on the demand.

And whatever the reason is, this is really how the market looks like - it dumps and it pumps.
Of course, there will be reason but I don't think we need to find it instead, let it happen. Let us also accept the truth that Bitcoin will pump after the bear season and the rise is somewhat expected this time and in the coming days. We're getting close to halving and the next is projected to be a bullish season. With the rise that we see these days, it was just an indication that the market is active and it goes along the same thing that we experience in the past.

Asuspawer09

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Quote from: Odusko on July 08, 2023, 11:42:13 AM

Quote from: Researchoo on July 03, 2023, 06:37:35 AM

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Whenever bitcoin makes an increase in its USD value it means the demand for Bitcoin has boosted as that has reacted in the price so since Bitcoin is not like all those shitcoins/altcoins it then means using the term pump in your attempt to define the recent price increase in bitcoin is wrong so in an attempt to uncover the reason behind the recent price increase for Bitcoin I stumbled on a couple of reasons but then we have to know that Bitcoin as a volatile asset, does not rely on a particular event of news to make a price rise since it price depends only on the demand.

I mean yes the Bitcoin market price basically depends on the supply and demand on the market, if the demand is high and the supply is low then that could easily boost the price of Bitcoin making it pump to a certain percentage. There are a lot of factors that contribute to the bitcoin market price pump but the most common just depend on the news, articles, etc. online since that is the one that creates FUD or encourages investors to buy bitcoin most of the time. Bitcoin market price could easily skyrocket at any time pump like this at 30k$ could easily be good news meaning that the bitcoin demand is increasing, but there is resistance at 30k$, one great piece of news about Bitcoin could easily break this resistance for sure.

You can't really accurately predict the movement of the market since there are a lot of factors that affect its movement of it, so the best thing to do is just to position your self to this kind of pump, market price could probably stay at the 20k-30k$ range but at any moment it could easily trigger and skyrocket, if you accumulate enough Bitcoin when the market price is still low you could potentially make a good profit in a short amount of time.

Odusko

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Quote from: Researchoo on July 03, 2023, 06:37:35 AM

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Whenever bitcoin makes an increase in its USD value it means the demand for Bitcoin has boosted as that has reacted in the price so since Bitcoin is not like all those shitcoins/altcoins it then means using the term pump in your attempt to define the recent price increase in bitcoin is wrong so in an attempt to uncover the reason behind the recent price increase for Bitcoin I stumbled on a couple of reasons but then we have to know that Bitcoin as a volatile asset, does not rely on a particular event of news to make a price rise since it price depends only on the demand.

fuguebtc

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Quote from: Ziskinberg on July 07, 2023, 04:58:54 PM

Quote from: Researchoo on July 03, 2023, 06:37:35 AM

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Does it really matter? Sad to say that until now many people are still asking why the reason why it pump and why it dump. I don't want to think but sadly, many still don't understand the volatile nature of the market and of Bitcoin. Why not just become happy as it pumps, in fact, we are looking forward to seeing Bitcoin reach for another ATH. Actually, we can expect such inclining sentiment as the halving comes closer where many investors are coming and buying Bitcoin before the bull season come and this will affect the price.

I also don't understand why people are always looking for a reason every time bitcoin moves, what can they do when they find the cause? Can they even profit from that news? To me, a healthy market is one that is always moving, and it is quite normal to pump or dump bitcoins. Furthermore, volatility is one of the hallmarks of bitcoin, we should be familiar with it rather than surprised.
Yes, bitcoin is unpredictable, and we all want it to go up, so when the price goes up, we should enjoy the moment rather than run around looking for reasons.

ajiz138

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Quote from: el kaka22 on July 08, 2023, 07:04:52 AM

Halving will make sure that the market does a lot better than we thought it would, and that is why I am guessing that it's going to be an important piece of the deal. I am not saying that it will be 10x+ higher or something, but it will certainly go up.

If you asked people could bitcoin reach 68k just a few years ago, they would have all said no but we have seen that eventually. People saw bitcoin reaching back to 15k, and they decided not to buy, there were a lot of people who sold during that period, in fact it dropped to 15k because they sold bitcoin, otherwise how could it go down. And considering the next few years, I think those people will regret a ton, because if you buy at 15k, then there is still a chance you could make 10x from bitcoin.

No one ever knows how high the price will be after the halving, the scenario is always different from the previous one, I guess guessing there is nothing wrong with 10x or more only we as bitcoin holders are still quite sure bitcoin will shoot up if it has passed the halving.

People who say No are just skeptics maybe they are completely unsure but for us this is a way where we can take advantage of the lowest price in the previous year, let them sell halfway because they don't want to enjoy a long process, whereas I will hold out until the price returns to the highest, with that sure enough if we buy at $30k there is still a chance of a 3x profit.

el kaka22

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Halving will make sure that the market does a lot better than we thought it would, and that is why I am guessing that it's going to be an important piece of the deal. I am not saying that it will be 10x+ higher or something, but it will certainly go up.

If you asked people could bitcoin reach 68k just a few years ago, they would have all said no but we have seen that eventually. People saw bitcoin reaching back to 15k, and they decided not to buy, there were a lot of people who sold during that period, in fact it dropped to 15k because they sold bitcoin, otherwise how could it go down. And considering the next few years, I think those people will regret a ton, because if you buy at 15k, then there is still a chance you could make 10x from bitcoin.

Ziskinberg

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Quote from: Researchoo on July 03, 2023, 06:37:35 AM

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Does it really matter? Sad to say that until now many people are still asking why the reason why it pump and why it dump. I don't want to think but sadly, many still don't understand the volatile nature of the market and of Bitcoin. Why not just become happy as it pumps, in fact, we are looking forward to seeing Bitcoin reach for another ATH. Actually, we can expect such inclining sentiment as the halving comes closer where many investors are coming and buying Bitcoin before the bull season come and this will affect the price.

wmaurik

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Quote from: YUriy1991 on July 07, 2023, 12:01:31 AM

OP, Take a look at the market once in a while. For example, the BTC price is going sideways and suddenly a large amount of money enters the market and makes the BTC price soar, of course there are those who smile and are confused. For those who know just smile and for those who don't know, they are still confused about what happened, why did the increase suddenly increase... I think it's easy to conclude that, there is a large demand for buying and selling less and this is inseparable and related to matters that form the basis of general market sentiment.

Sudden increases and decreases are very natural things to happen in the market and are also very feasible, because at the same time everyone must have very different expectations in this regard. For example, when someone wants to sell Bitcoin at the price they want, of course there are people who buy at that price hoping for a much higher increase, although at the same time some people still hope to see a lower price so they can buy it at the price they want.

YUriy1991

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OP, Take a look at the market once in a while. For example, the BTC price is going sideways and suddenly a large amount of money enters the market and makes the BTC price soar, of course there are those who smile and are confused. For those who know just smile and for those who don't know, they are still confused about what happened, why did the increase suddenly increase... I think it's easy to conclude that, there is a large demand for buying and selling less and this is inseparable and related to matters that form the basis of general market sentiment.

gunhell16

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Quote from: Researchoo on July 03, 2023, 06:37:35 AM

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

It often happens that way, what the mainstream media brings news is somehow the others they actually bring that the market has fallen when it is related to Bitcoin or cryptocurrency. This has been happening in this industry for years.

That's why the other community investors in the crypto space are actually just holding Bitcoin or another crypto for the long term because they don't have to stress at all because of what's happening in the current movement in the market.

taufik123

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Quote from: goaldigger on July 06, 2023, 04:41:44 PM

The pump happens because of a big investor buying more Bitcoin slowly but again someone will take profit out of that pump and that why we are still suffering from a strong resistance. Anyway, this is just a normal pump and dump trend so its not new anymore, if you know how to timing the market then making profit will be more easy for you. The price will soon pump, be more patient and store more holdings now.

Apart from the fact that big investors are starting to come in, this also happens because of FOMO.
Those who come in because of FOMO will continue to pump the price up to the top resistance limit and then others try to sell at the highest price and leave the market.

Pump and dump trends often occur, to overcome this kind of thing we as traders must also know where to enter and where to exit, so that there are no losses after the pump is over.

Must organize the strategy well and don't follow the flow of FOMO.
Those whales will take the opportunity of high prices to start selling and cycles like this will continue to be repeated.

STT

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Relief rally is what can happen often enough, with BTC the supply is constricted making such dynamics quite easy to happen with just steady ongoing demand. Less supply same demand is a higher price on many days, can be quite simple.
Today the price got enough upset that we can moved from the weekly average for the first time in a few days. BTC often tries to go sideways, now its deviated from that course my estimate is a downside target of 50 day average is quite fair. Its risen as high as 28k so 50 day pull back is still quite positive.

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