Topic: Why do speculators became so bullish with just a short time high price (Read 724 times)

I agree, those who have been patient for so long and waited for this moment have turned a lot of their patience into profits and they all deserve that. And they all know that this situation won't stick for so long and that's why if they are able to take some profits, they deserve it because no one will change the fact that for how long they did hoped for this to come, they will not going to miss this opportunity whatever plans they have set ever since. The attitude of others towards to the price increases of Bitcoin is also changing, when we see new ATHs, many would say that it's priced in and already expensive but then, when the price keeps on going and doesn't seem to stop, there goes another change of thought through it. That's why we always say that Bitcoin is unpredictable and we just have to adapt with its nature.

Mate you may have misunderstand my point of view when I mean short term I was referring to bitcoin speculators who are quick to speculate bitcoin going in a particular direction because of the short term bitcoin market actions without putting to check what the time ahead will bring along with bitcoin.

I think you thought that I what I mean is investors action being short term as investors is very wrong g amd can not give a guaranteed and consistent result, but when taking as a long term goal, that way one Is able to follow-up with all that comes through the market and it benefits on long term bases.

I think you are wrong for saying giving Bitcoin a long term target is inconsistent. It is even more inconsistent to give Bitcoin a short term target because you do not know what will happen in the short term than the long term.  Bitcoin is always going to be increasing in price therefore investing for the long term is always the best thing to do. The market might have some correction for the short term because of some negatives news or other things that does not favour Bitcoin but that would not stop the progress that Bitcoin will have for each halving year that becomes a bullish year. Bitcoin is going to be having a new highest price each bull market season and this works in your favour when you plan for the long term and not looking for quick profits.

I would say that there are people who have been waiting for this time for a long time so we have been quite bullish on this period and it would be something that will take a while as well. I can't say what it is going to take for it to get here, but we are going to see this changing for sure, it won't be that much of an easy situation.

I can see how things could change with time and maybe your opinion could change while you are waiting as well, but there are many people who have waited for too long for the price to go up, but when there are situations like this, then I would say that we can consider the situation more like impatient situation. That's the greatest asset we have, buying and buying, and we do that because we want to see it go up already.

Yes true, we are talking about a bigger deal and because of that I believe we are going to make a different approach to this situation as well. I understand that it may not look like it's a big deal, but I believe we are going to see some improvements as well. I can see why that may feel different to people, but acting so quickly is not really smart, even for a trader. Speculation is just talking, but short trading is actually making a move.

I believe we are going to see a lot of stuff change soon and those people will regret selling so quickly as well. I believe we can buy and sell, all we want, but holding is the real thing that will make us money, and during this bull period, the ones who hold, will make a ton of profit.

They will think that they can make a profit from the bullish. They can not hodl for a long term and makes them unconfident to hodl Bitcoin. They will give their prediction for the short term market conditions to the public but we must be careful and not trust them like that before we analyze more about their prediction. We don't have to believe their prediction but we can use their analysis to give us more info about the market situation. If we have skills to analyze the market, we will not rely on them but we will analyze by ourselves and search for when we can enter to the market.

It is a fact, what you say is very true, the news , everything that is generated in infromacion must be given special information, I am not one of those who lets yourself be guided a lot of the news because sometimes they usually have a message Almost that subliminal that we all understand, there are certain fundamental ones that are beunos and very Favorable spara a Bullish market , it is all those that are verifiable, such as Trump's when he won, however now the market is taken by its royal road , which which It should never be diverted, in this aspect much more expectation must be genrad with Respect to what is coming. I am not Pitoniso , in fact I am bad to predict how many types of Events , but there is something Guaranteed , that Bitcoin will continue to rise , and that everyone Knows.

That is the very definition of short term investors=speculators. That's why when we reach $100K, there were immediate sell-off from them. But for those who look at the long term and bigger picture, it's totally different to us.

We want to hold as much as we can and buy and accumulate. So regardless if there is a short time high price, we will move our position and not be affected by it. Instead, we look at the potential, as we could have been getting into more price, like $150K-$180K in the future and that could be our selling price, maximizing our profit's and it's going to be worth the long years of having HODLing mentality.

Yes, it's all a decision , everything depends on it, not only in trading but in any aspect of our lives, if we decide wrong then things will go wrong for us, or in case we are lucky then blessed be, sometimes if we know how to interpret a piece of news we can win , or simply lose because we didn't have the Necessary conviction to follow our plan, all these types of things have happened to me, and sometimes it's difficult to get wisdom because for me the market circumstances that exist now are very different from what the books teach us or what someone thinks , Sometimes it's Necessary to see many Opinions to have more knowledge and sometimes to Accommodate our Doubts.

The main reason is that speculators only know about the short-term market condition since they are knowledgeable enough to know that giving bitcoin a long-term target can be inconsistent and at that, there is a need to build a short-term trend analysis around the bitcoin market, much more also the fact that if a particular price direction is followers for more than 48 hour's, bitcoin speculators will start analysing the future market based on that particular direction.

Unfortunately the game has changed!!

When Bitcoin was known to a few folks...politics and everything around it mattered less, but today the players we have are politically connected or operate in a jurisdiction where politics could dent their brand positively or negatively hence Politics being a big factor.


Agreed...
Bitcoin responds to more than just politics..a hack for example can send price everywhere, a rant about crypto markets by a tycoon can have an effect on how BTC and other coins behave...it's a weird asset to be honest 

You could say that $100k is one of the goals, but not the main one, I would think that a goal would be to reach more or less the value above $150k, that is what I think the value should be , in this sense it is not bad at all that we are around $100k, it is an achievement that many did not see coming, we must take advantage of this price because it is something historic and can make the difference, if we set this as a goal then there will be many investors in the world who will sell at $100k and it is not worth it because the market will continue to grow and grow , what will those who were less believers say now?

Back into those previous cycles on which news and events arent really that giving out so much impact whether its negative or positive, not unless with those major hacking incidents on which this one really causes up some shake out on the entire market. Now that institutional funds is flowing into this market then most of fundamentals or news are really having that likely to give out some effect whether its negative or positive.This is why into those people who do really wanted to make out some scalping then they could really be able to take advantage with these kind of sentiments on which making it as their advantage.

If you've been here on this market for a while then you can be able to make those comparison in between on which this is really that something that having those differences in regarding about fundamentals or market news and events on which it doesnt really give out any effect. I do even remember that whenever there are some government bans and other aspects or correlated to it then it isnt really that much making a movement.

Time flies until this very moment on where we can be able to see that news now are making up some relevance about price movement. Traders or investors will really be basing up their entry and exits on which they will be checking out those news but of course not everything will really be basing up on fundaments or news on which we know that technical analysis will really be that still commonly used since not all the time on which this market will really be having these news and events on which you could be able to rely or check on.

Well, in this case it may be as you say, but we have to make something very clear, in this market as in any other, emotions make it move a lot and fluctuate either up or down, even when the emotions are massive, the market is so devastating.

According to what many say, they do not give the necessary credit to what happened, I repeat that, but we cannot hide the sun with a finger, we have to accept that sometimes this type of help in the market is needed, most of the fundamentals what they do is make prices go up, in this case it was different , and I hope it continues to be different but in a positive sense and that it is not confused with fomo.

Well it depends on the context, but here in crypto, we all know that positive or negative news really affect the market price, admit it or not. Just like when Trump won the election, we almost hit $100k right? So that's it, it's the US news, the catalyst for this market to move on a big uptick to almost 6 digits.

However, when we are swept by this stories, most of the time, it will settled down, so it's either you ride the wave, i.e sold during the $99k'ish and make profits, so wait for the price to go back down and buy and continue to accumulate although the price is really that expensive right now.

The thing is that we have choices and no one can tell us what to do.

It's a fact, I know that the Bitcoin community does not fully accept that it went up for that reason, some do not like to accept that this time politics made btc go up, and although bitcoin is not given by politics something very positive emerged, that someone influential in the world spoke well of btc, that alone is sometimes enough to make anything shine, in this case Trump did it, and fortunately things are happening in the best way, I hope this continues to last and that nothing stops it, because a lot has been expected for these moments that have been lived, I think all bitcoiners deserve it.

Mostly that's about elections and elections keep the price low, with 4 year cycle on the horizon, we know that we are going to end up making a lot more profit if we could make a quick profit thanks to Trump but even without him we would be making a good profit without a doubt. So, it shouldn't really be something that we care about all that much, it's not really that complicated at all.

So all in all, he is definitely a reason for it to grow this much, but he is not the only reason, do not give him 100% of the credit so it shouldn't really be a big deal at all. I am pretty certain that things will change from here until the future as well, we will keep growing and next time we grow I am sure that we are going to end up seeing people saying Trumps inauguration is the reason why the price went up, that's not the case, we are just growing.

From the beginning we thought that bitcoin would not go beyond $90K until the end of the year, but the effect of Donald Trump's victory changed quickly, where bitcoin managed to touch $90K more in the end now bitcoin is almost at $95K meaning a little more to $100K.

Speculators may be happy to see bitcoin moving so fast, we are happy as a bitcoin HODLer since the price is still below $30K and until now still maintaining it, if it is early to $100K then we have to wait for $150K for the next target.

The Trump’s victory has indeed started the bullish season for bitcoin. Not to mention bitcoin was struggling to reach even $70k in the previous months and many had concluded already that bitcoin will only hit $70k until year end, but btc price goes skyrocket all of a sudden after Trump’s winning the election.

This time, speculators made the right prediction. Not only bitcoin will benefit from it but the community itself who are very bullish about bitcoin, most especially those who have been patiently waiting when will btc price reach $100k new all time high.

I think that the trader who does not see that they have to become optimistic to make money is crazy, I am not going to propose going down when the market is rising, so yes, there is a bullish sentiment and it will extend until January where it will probably rise in price more, and then if it is smart to be bullish, if by chance the price starts to drop it will not matter, you could try to buy in that correction, it is the smartest thing that many can do, for gold lovers, if I had gold I would sell and buy BTC, that simple.