Topic: Why do speculators became so bullish with just a short time high price (Read 414 times)

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.

A lot of us will disagree to this because I don't see Elon going to be working with Kamala if she won. Or Gensler will be replaced by someone if Kamala will win. Although we are expecting a bull market will come regardless of who will win, the market needs someone with a good relation to crypto.

Someone that the community can use to hype the market and has the reputation that will save the US economy through BTC reserves and Trump has this karisma. Although many are against him, his win will calm down the tension in geopolitics and focus on economic cooperation.

It is very easy that due to the events in the elections that Trump won, things improved significantly, because at the time that the winner was known and it was him, that increased the confidence in many people, and those who believed that the market was going to be very bearish have no effect now, of course the price that is subdivision is also due to the fact that many are buying bitcoin and want to continue earning, the more they sell btc the higher the price will go, you could say that there are many expectations, but there is a whole 2025 in which the options can get much better than now.

This is what I said for a long time but nobody really cared. I said that no matter if Kamala wins or Trump wins, the price would go up and the price would be higher because the bull run was coming, this is the time for bull run and that is what we are going to see. I am not saying he didn't had anything to do with the timing, I am sure trump is the reason why it happened now, if kamala won maybe it would be a month later, but I knew that the price would go up no matter who wins. This is just Americans thinking they mean so much to the world, nothing more and they are not unimportant neither, of course they are important, just not as much as they think they are.

In the end, trump may have caused the bull to start sooner, so he may have something to do with the timing of it, considering it started after the election, we could say that he did this now. But no matter who would have won, it would have gone up, that much is known. We can't know for sure, we will never know, so there is no point in arguing over it.

Its a proper breakout, almost +10% today and maybe justified after we stayed below the old ATH for so long.

ATH was set in 2021 and we are nearly into 2025, in that time we've had inflation rates over 10% per year which seem to make the old prices more then capable of being exceeded (their value now diminished thanks to dollar).

   We are as positive now as back then with more BTC users around the world hence prices rising is fair some would say.   Im always apprehensive at fast moves, to me its instability but in sight I have no target especially but 100k which is 61% greater then the ATH and registers as some echo of resistance and thats a maybe.

Bitcoin going to be bullish was something we already expecting for a long time and when it happened, we were not full with a lot of surprises. Why speculators are pointing it to political atmosphere was the fact that the bullishness only started after the announcement of the winner in the presidential election. The winner also was a big supporter of bitcoin, so it will tend to make everyone think in that direction and see it to be the reason behind that. As bitcoin enthusiasts, we just know that the bull run will come with or without the election results been in favour of the candidate that have the most support for bitcoin. I also thought it was the election effect but now I’m not even thinking the effect will last for this long and now see it as a natural phenomenon and the time for it has come.

Up until now, Bitcoin have been on the leading market position, and haven't achieved a significant baseline resistant benchmark of about $80,000 + market and have build such a huge liquidity, Bitcoin have come to be at the edge of breaking a new trends and benchmark Price before the end of the year 2023.

I believe that in the early months of 2024, we are going to be seeing a tramenduse market achievements for Bitcoin and also couple with the fact that Trump's success impact have been huge on Bitcoin and the entire cryptocurrency market lately.

We are going to be seeing some positive, policies directed at Bitcoin, and this is going to boost Bitcoin price potential in the months to come and the government get hand over properly.

The thing is that we are still speculators because we acts some level of dramas here in predicting what the price of Bitcoin may be in the closest. We have investors and traders and so we all anticipates on how we can just keep growing of our hodling on Bitcoin which is literally the one high increase of the market price.

Let us not also claim like we don't know, lot of us here so much as well believes there are some touches of political influences that led the current market increase such as the Donald Trumps US election victory.

But because we shares possible updates and opinions here, we are also believed that it was not only a vest of the political affairs and prompted this surge of Bitcoin price but as well that huge investors probably anonymous has either bought a board to their holdings or newly whales had come on board which is the lead driver of the current market price.

So I assume we here are still such speculators.

But if you have to know that bitcoin went up because Donald Trump won and that is something that you can not say no to, the event is important, if it were not important the price would have gone up only on November 5th but by now it would have already gone down in price, if it is due to that, the price was due to political factors and not only that, but the bitcoin community had to have voted for Donald Trump so that Bitcoin would have much more adoption and the word would reach all parts of the world, bitcoin in the USA is not very common to use, I am sure that now the payments for any purchase will be put little by little with bitcoin, so it is positive.

I also quite agree with the reason you said that everyone does not need to rely too much and expect more from a politician like you mean because everyone's attitude can change in a matter of hours so that it can cause other things to happen that could be very bad for current Bitcoin holders. But looking at the price of Bitcoin which is still around $76K in the market, I think there are still many people who really believe in what the politician has promised because this month Bitcoin has been able to break through a new ATH again.

We cannot argue whether or not the US presidential election has had an impact on the Bitcoin market. Of course the Bitcoin market is not driven by one person or one event, we don't want to struggle with the impact that Donald Trump's victory has had on the Bitcoin market. I don't want to stress it, but I believe one of the events has the effect of the Bitcoin market being so bullish. The Bitcoin market turned bullish towards the end of the presidential election when Donald Trump's victory was almost certain. In such a situation, the promises made by Donald Trump are reflected in the minds of some Bitcoiners and they think that this is the effect of the presidential election of the United States of America. I definitely think Donald Trump's promises served as an advertisement for Bitcoin. Bitcoin will be a bit more bullish if Donald Trump follows through on his promises.

If you really want to understand the "market behaviors" then you should do fundamental analysis on Bitcoin. This also includes reading the news, watching social media and following the latest market trends.

The current excitement and price action is due to Trump becoming the next president of the United States of America. The context behind this is that Trump made a lot of positive rhetoric and made it seem like he is a huge supporter of Bitcoin. When a powerful individual such as a president, especially the US president, makes such headlines, it tends to have a great effect on the price speculation.

Whether or not he actually likes Bitcoin remains to be seen. He may have just been pandering to the cryptocurrency crowd for the extra votes. Who knows?

Not something new on which those bears will turn out to be bullish on the time or moment that they've seen the market is really that having some huge increase on which you could really be able to determine into those people who are permabulls or perma bears and to those who are really just that riding with the waves. It will really be just that too impossible that you cant be able to determine with those people who are just
trying out to look like bears but actually does want to have those bullish momentum or behavior.lol. You could really be able to expect that there would really be that sudden shift when it comes to market shifts.
If you would really be trying out to look on what happened recently with that US election on which the price of Bitcoin or the entire market did make out that good increase or simply showing some long green candles,
we do really be able to see the entire space is really that aiming for direct $100k in price. hahaha.

This is a speculative market so you do expect that this will really be having that never ending speculation when it comes to price or value. We do love on speculating numbers and at the same time we do make out
some investment basing it up. So it will really be just that up to you on how you would really be that making those investment decisions in regarding or in line with those movement or behaviors or
be that mindful with those news and fundamentals that are currently existing on the market or currently happening. So it will really be that situational on this aspect.

Alot of people here do not reason differently but they think the same way that the speculators are thinking. We are getting new threads daily on the forum and they all have to do with Donald Trump winning the election therefore we also think the market being very bullish all of a sudden has to do with him winning. It is not only the cryptocurrency market that is benefiting but every other market is getting the positives impacts. I think people were just tired of the Joe Biden government and were waiting on something new and different which is what Donald Trump government is going to bring. Speculators become bullish when they see signs that the market is going to become bullish too but it does not always happen although this time, they were right.

definitely, I expect the same thing too, the price will climb above $80k until that happens, then there might be little retracement, people taking profit, doesn't mean change of trend, just BTC trying to get footing to resume the rally again.

to be honest, i expect the real big rally to happen at april, since that's exactly 1 year after halving, since BTC have fair history of always repeating the same pattern, we might repeat bullrun again just like before, which exactly happening at around april, I think people also expect the same.

We can't deny that the political influence was there and it was impactful for the price of Bitcoin. It's not just a coincidence that on the actual counting day, the price pumped and reached new ATHs. This is the reason why even the short term speculators have been bullish because they knew it coming. Their analyses tallies to what they're expecting due to the US election and that had made them decide to be short term. But what's important is on how we view this market, we're long term and we're going to hold even after the elections. I also believe that even after this bull run on 2025, many will stay and become more optimistic because they have studied more about how the market works.

This growth is not due to his stance and support for bitcoin as he is not yet an official president and has not taken any concrete actions to show that he supports bitcoin. It's all because the market trusts him, the market believes in what he promises, and this could be a double-edged sword for us. Because if he changes his attitude and does not keep his promise, we will harm ourselves by placing too much hope in a politician.

I won't thank him because he has our support, his victory also has our contribution, and he needs to give back and we deserve it. To me, this is just our exchange with politicians.