Topic: Why is bitcoin moving now? (Read 640 times)
There is definitely a golden opportunity to buy Bitcoin by understanding the current market position. The green lights for Bitcoin may be to accelerate in the next few days now that the market is in a good position. Accordingly, if we can research where the Bitcoin market was last month, we can definitely understand the Bitcoin market. As the market position is slightly better than before, we can buy Bitcoins. If we buy and hold Bitcoin right now, we will make a profit when the Bitcoin market turns into a full bull market. I think the way the market has followed the current position there is definitely a golden opportunity for it to move to a better position, so it is good to invest in Bitcoin now.
For some reason, bitcoin now become tightly connected to real-world economic news like the Fed and so on maybe because there are a lot of institutional investors who started looking at it, and panicking happening a lot nowadays. On the other hand, there is so much government that regulate in a good way so the best thing to do now is
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
This is the problem of having institutional investors coming into the market, we haven't had many come in yet and we are already seeing the market get connected to real world economy, which means when more institutional investors join the industry, the market can be manipulated with less efforts as they'll be controlling the market and that won't be good for retail investors with small capital and that's the type of investors that are many in the cryptocurency market.
Bitcoin recovery was short lived as it is no longer moving up and it has been falling recently and many investors are scared that the price of Bitcoin could fall below $20k, it is holding strong above $25.5k today but the price fell below $25k yesterday and it might retest that price.
If in the long run, increasing interest rates will even bring great benefits to us because interest rates will affect prices in the short term and will be a suitable opportunity to accumulate cheap bitcoins. In the long term, interest rates will certainly fall, the economy will recover and investment demand will increase again, at which point we will see bitcoin demand and price recover.
But to be honest, very few people are patient and everyone wants bitcoin to increase in price soon, so every time interest rates increase or there is some negative news, the market will react negatively, causing a lot of panic.
For some reason, bitcoin now become tightly connected to real-world economic news like the Fed and so on maybe because there are a lot of institutional investors who started looking at it, and panicking happening a lot nowadays. On the other hand, there is so much government that regulate in a good way so the best thing to do now is But to be honest, very few people are patient and everyone wants bitcoin to increase in price soon, so every time interest rates increase or there is some negative news, the market will react negatively, causing a lot of panic.
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
I hope that we get to see something changing on the long run but it is going to also be something that will cause us to see profits if we hold long enough. I have been accumulating for years now, since the bear run started and the prices crashed, it is nearing over a year since I started and I feel like when it goes up, I will be profiting a lot.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
weeks after this thread , here is the latest from Cointelegraph
The extent of FTX’s financial woes was revealed in a shareholder presentation on Sept. 11. Binance regional markets head Richard Teng said in an interview that, despite regulatory scrutiny, the company has no parallels to FTX. Meanwhile, Coinbase has refuted a report that was making the rounds on social media that it is halting services for Indian customers.
here is the link to check completely https://cointelegraph.com/news/what-happened-in-crypto-today
but thats about Yesterday and indeed that market more fall experienced till today.
I hope that in the next week or till December there will be a reconciliation from FTX and the whole market of Bitcoin and surely altcoin is affected.
After all, there is a lot of negative news hitting the market, especially the altcoin market which is under serious threat with FTX being sold off its crypto assets to pay off creditors. Although all the news is putting pressure on the market, it is difficult to say what will happen to the market. In my opinion, market movements will depend on shark manipulation rather than demand-based movements. I mean even if FTX sold all of its assets it wouldn't have any impact on the market if someone really wanted to use this news to manipulate sentiment and then make the market going against everyone's predictions.
For some reason, bitcoin now become tightly connected to real-world economic news like the Fed and so on maybe because there are a lot of institutional investors who started looking at it, and panicking happening a lot nowadays. On the other hand, there is so much government that regulate in a good way so the best thing to do now is
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
Yeah we must not give away our bitcoins at cheap price due to FUD spread out in the market. This is normal whenever Bitcoin goes down we hear too many speculations that bitcoin is going down and there is no way it can come up and bla bla. What we have see is that bitcoin always come up stronger after every bearish season. All we need is tightly told our bitcoins while Bitcoin takes a bearish dip, halving is coming.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
weeks after this thread , here is the latest from Cointelegraph
The extent of FTX’s financial woes was revealed in a shareholder presentation on Sept. 11. Binance regional markets head Richard Teng said in an interview that, despite regulatory scrutiny, the company has no parallels to FTX. Meanwhile, Coinbase has refuted a report that was making the rounds on social media that it is halting services for Indian customers.
here is the link to check completely https://cointelegraph.com/news/what-happened-in-crypto-today
but thats about Yesterday and indeed that market more fall experienced till today.
I hope that in the next week or till December there will be a reconciliation from FTX and the whole market of Bitcoin and surely altcoin is affected.
You've been on this forum since 2016 my brother - but why aren't you more optimistic about bitcoin compared to me who knew him in 2020?
There's a lot of good news on bitcoin fundamentals right now including spot bitcoin ETFs - but I can't expect a market reaction of this magnitude yet as some are still waiting for the best times.
FUD just makes weak hands weaker – while strong hands stack. Look around you - there is a lot of advice about collecting that this may be the best time rather than waiting too long.
I'm not pessimistic, I just think realistically.There's a lot of good news on bitcoin fundamentals right now including spot bitcoin ETFs - but I can't expect a market reaction of this magnitude yet as some are still waiting for the best times.
FUD just makes weak hands weaker – while strong hands stack. Look around you - there is a lot of advice about collecting that this may be the best time rather than waiting too long.
I'm experiencing the situation in 2020. It was the pandemic crisis, but the bullrun still happens as expected in 2021. However, the situation is not the same as in 2020-2021 anymore. The current issues are quite different, we can't compare it with the previous periods.
I'm sure whoever the investors, they must think twice when the issue comes from ETF case or SEC intervention. Personally, I think it is more serious case than economic status.
Well, finally it is about how strong we are holding our BTC asset. You're right, the FUDs shouldn't be a problem if we trust on the future of Bitcoin. The Bitcoin halving is getting closer, the best time for buying/collecting may be over soon. When the FUDs disappear, I guess the price will increase constantly toward the new ATH.
If in the long run, increasing interest rates will even bring great benefits to us because interest rates will affect prices in the short term and will be a suitable opportunity to accumulate cheap bitcoins. In the long term, interest rates will certainly fall, the economy will recover and investment demand will increase again, at which point we will see bitcoin demand and price recover.
But to be honest, very few people are patient and everyone wants bitcoin to increase in price soon, so every time interest rates increase or there is some negative news, the market will react negatively, causing a lot of panic.
For some reason, bitcoin now become tightly connected to real-world economic news like the Fed and so on maybe because there are a lot of institutional investors who started looking at it, and panicking happening a lot nowadays. On the other hand, there is so much government that regulate in a good way so the best thing to do now is But to be honest, very few people are patient and everyone wants bitcoin to increase in price soon, so every time interest rates increase or there is some negative news, the market will react negatively, causing a lot of panic.
Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah.
-snip-
If more investors prefer to choose Bitcoin to keep their wealth, Bitcoin should increase its price due to the rise of demand. It was happening in 2021, many new investors of Bitcoin because they considered it as a safer asset. However, since there are many bad news currently, not sure whether there are larger new investors or not. Investors will doubt to invest when they heard to much negativity on Bitcoin.There's a lot of good news on bitcoin fundamentals right now including spot bitcoin ETFs - but I can't expect a market reaction of this magnitude yet as some are still waiting for the best times.
FUD just makes weak hands weaker – while strong hands stack. Look around you - there is a lot of advice about collecting that this may be the best time rather than waiting too long.
-
Bitcoin doesn't lack any direction the problem with bitcoin is that the currency doesn't have a fixed price the way am seeing the price of bitcoin, so therefore I will say that bitcoin price is not in constant acceleration so therefore we should not be expecting bitcoin to continue rising or continuing going up, their is something about bitcoin, people always expect the price of bitcoin to be rising and we don't know that what balance the market of bitcoin is both increasing and rising.Moreover, volatility tends to be expected as it is very imposible to stabilize the price of bitcoin. The different demand and supply every second makes the price swing, but I agree that bitcoin has not lost its way.
Regarding prices, of course the average person expects an increase but that's not how it works. The impact of different demand and supply means its value can rise and fall, but we all have to admit that bitcoin's performance since its introduction has been very good compared to gold.
Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?
Bitcoin doesn't lack any direction the problem with bitcoin is that the currency doesn't have a fixed price the way am seeing the price of bitcoin, so therefore I will say that bitcoin price is not in constant acceleration so therefore we should not be expecting bitcoin to continue rising or continuing going up, their is something about bitcoin, people always expect the price of bitcoin to be rising and we don't know that what balance the market of bitcoin is both increasing and rising. 
I think bitcoin will continue to move sideways and this situation will last even longer. A few days ago I saw a news report saying that a lot of investors are leaving the market and it shows no signs of stopping. Looks like this is the last time to shake off the weak hands, the last bad projects before entering a new bull cycle.
Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
It's their loss if investors leave the market and go for other investments when they were here all through the bear market and now when the bull market is around the corner they are getting disheartened and leaving. The market moves dynamically and investors should know this because they get into the market, they should also know that the market can become stagnant at times and it wouldn't always move in the direction that will be beneficial for us.Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
So I believe people are being too dramatic with the market and this reaction is unnecessary. When someone enters the cryptocurrency market, they need to have some patience so that they can stay around no matter how good or bad market conditions get because that is how you can survive in this market.
that highly reactive when they do see a bearish movement on which its not really that something new because seeing reds on our portfolio is never been that looking good in the first place.Instead on seeing this as an opportunity, you would rather be seeing this to be negative or something not that appealing and this is why it would really be resulting for you to get out and leave this market and might neither come back or not basing up on the market condition.This is why on the time that you do set your foot into this market then you should really be that prepared for the volatility so that you wont really be making yourself get
shocking on the time that you would really be able to encounter these kind of movements which it would really be on ups and downs.
I think bitcoin will continue to move sideways and this situation will last even longer. A few days ago I saw a news report saying that a lot of investors are leaving the market and it shows no signs of stopping. Looks like this is the last time to shake off the weak hands, the last bad projects before entering a new bull cycle.
Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
It's their loss if investors leave the market and go for other investments when they were here all through the bear market and now when the bull market is around the corner they are getting disheartened and leaving. The market moves dynamically and investors should know this because they get into the market, they should also know that the market can become stagnant at times and it wouldn't always move in the direction that will be beneficial for us.Bitcoin has not had any noticeable movement in the past several months and this has left many investors depressed and losing hope. It can be said that this period is really terrible that we need to get through. I am not optimistic about bitcoin between now and the end of the year.
So I believe people are being too dramatic with the market and this reaction is unnecessary. When someone enters the cryptocurrency market, they need to have some patience so that they can stay around no matter how good or bad market conditions get because that is how you can survive in this market.
~snip~
So far, many countries have depended on the dollar, making the value of the dollar even higher. Inflation has made each country's fiat lose value and dependency has only made matters worse. Dedollarization has been talked about for some time – but is clearly difficult to implement in many countries.Meanwhile bitcoin is experiencing the impact of economic chaos. Some large investors may agree to invest in bitcoin as a reason to protect their fiat value during inflation - but many others choose a store of value in a different asset. Bitcoin prices are expected to recover gradually as interest increases - but so far there have been no clear signs of price recovery despite rumors of a spot bitcoin ETF being approved.
Maybe the cause of the increasing dependence on each country's debt or other causes that I don't really know.
In terms of its relationship to Bitcoin, I also don't want to say too much for various reasons. But I feel that the call for dedollarization and digital transformation at the summit meeting in Indonesia, further strengthens your argument that most investors will use Bitcoin as an investment asset because there is a possibility that they will begin to realize that Bitcoin is the best investment to face various economic upheavals one day. It is getting even stronger with the strong information that a spot bitcoin ETF will soon be approved.
The dollar is not dumping because it is above other fiat currency, I just checked my country fiat exchange rate to dollar and it has depreciated to dollar.
With the recent developments around the globe such as the BRICS new approaches, do you think the dollar will still remain as dominant as it is? Don't you think a lot might change in the new future? There are rumors making the rounds that the BRICS+6 nations will be launching their own currency and payment systems. If this is true, don't you think we might see some changes in the global financial systems? Well, these are political permutations that only time could reveal their outcomes. I have always kept my savings in bitcoin so that inflation wouldn't depreciate my funds.
We are actually on this same page; Bitcoin is the option I have chosen as the uncertainties in the globe portends some risk in holding fiat as a major financial crisis is possibly looming. Remember, "when two elephants fight, the grass suffers". So, to avoid being victim of the economic struggle between the East and the West, Bitcoin should be embraced by all who are privileged to know about the power it holds. Have the ability to buy, buy now before it's too late, before the price graph leaves the current level.
I have been telling people that this year is the best time to buy Bitcoin considering that next year have a lot of favorable fundamentals that can make the price of Bitcoin to skyrocket. Even though this is not a financial advice, I consider it a wise counsel. 
I haven't heard about the raise of interest rate this September, but if they did I would agree that it will have a negative effect again on the price.
However, if you look at todays price, it seems that we have overcome $25,000 as we move to $26,300, which is a good sign this month.
However, if you look at todays price, it seems that we have overcome $25,000 as we move to $26,300, which is a good sign this month.
I don't remember exactly September or October and the Fed didn't confirm it would raise interest rates, but they said they could continue to raise interest rates because the inflation situation is not really under control. Some recent news also shows that the Fed will not hesitate to continue raising interest rates 1 or 2 times before stopping raising interest rates. If that happens, it will really put pressure on the market and it will be even more difficult for us to recover before the end of the year.
The price has been trading above $26k but I don't consider this a good sign as without any positive news to sustain then a drop will happen at any moment. We need more positive news or bigger movements to be considered positive for bitcoin.
After a quick search on Google that "After two relatively tame Consumer Price Index inflation reports and some evidence that the employment situation may be softening, the Federal Reserve is not expected to raise rates at its September meeting. However, there is still a chance that the Fed raises rates again in 2023" - https://www.forbes.com/sites/simonmoore/2023/08/15/what-to-look-for-from-the-feds-final-meetings-of-2023/
There is still a chance Fed raises in 2023 but we don't know it yet but there is a meeting this month, and the price currently I'm writing is $25.8K so possibly sideaway until there is good news coming.
If in the long run, increasing interest rates will even bring great benefits to us because interest rates will affect prices in the short term and will be a suitable opportunity to accumulate cheap bitcoins. In the long term, interest rates will certainly fall, the economy will recover and investment demand will increase again, at which point we will see bitcoin demand and price recover.
But to be honest, very few people are patient and everyone wants bitcoin to increase in price soon, so every time interest rates increase or there is some negative news, the market will react negatively, causing a lot of panic.
So far, many countries have depended on the dollar, making the value of the dollar even higher. Inflation has made each country's fiat lose value and dependency has only made matters worse. Dedollarization has been talked about for some time – but is clearly difficult to implement in many countries.
It is difficult to not depend on dollars, it is the most widely used international currency throughout the world. When a country want to do any transaction, they use dollars. As long as it lasts, I'm not sure the dedollarization will have a serious impact on the dollar value. The dedollarization will be real if most countries are no longer depending on dollars to do any transaction.Meanwhile bitcoin is experiencing the impact of economic chaos. Some large investors may agree to invest in bitcoin as a reason to protect their fiat value during inflation - but many others choose a store of value in a different asset. Bitcoin prices are expected to recover gradually as interest increases - but so far there have been no clear signs of price recovery despite rumors of a spot bitcoin ETF being approved.
If more investors prefer to choose Bitcoin to keep their wealth, Bitcoin should increase its price due to the rise of demand. It was happening in 2021, many new investors of Bitcoin because they considered it as a safer asset. However, since there are many bad news currently, not sure whether there are larger new investors or not. Investors will doubt to invest when they heard to much negativity on Bitcoin.-snip-
Talking about Bitcoin is not just about price. Bitcoin has had difficulty moving upwards recently and that does not indicate that fiat currencies like the Dollar are better than Bitcoin.Bitcoin is used as a transaction tool, but Bitcoin is mostly used as an investment asset. For people who choose Bitcoin as a long-term investment asset, the issue of prices being difficult to move is not a problem because their target is not to expect profits in one year but more than that time.
The number of Bitcoins is clearly 21 million and that will not change. At least up to now the supply continues to circulate, which has almost reached the maximum number of 21 million.
You already understand very well that the number of Bitcoins will not continue to increase like the paper money that is printed every year.
Imagine when the maximum number has been reached. So what are you waiting for while you still have the chance.
Meanwhile bitcoin is experiencing the impact of economic chaos. Some large investors may agree to invest in bitcoin as a reason to protect their fiat value during inflation - but many others choose a store of value in a different asset. Bitcoin prices are expected to recover gradually as interest increases - but so far there have been no clear signs of price recovery despite rumors of a spot bitcoin ETF being approved.
Is this the green opportunity for us to buy or is going to return back after a while
Many investors are buying and selling their bitcoin at any time they feel like, you can do the same by buying bitcoin now that the price is at a bit low and sell back when the price is high. You must not wait for any special time to do that since you will be investing for profits and with the money you can afford to lose. Every other additional thing is minor than to hodl your bitcoin and keep your seed phrase safe because there is every possibility that, the price of bitcoin today will not be the same in months to come after the halving season. Some also invests depending on their mood and it doesn't matter if the price is high or not. Same goes for selling. We only need to make sure that we are investing with the money that we can afford to lose. There might be other things that are also important other than to HODL and keeping our seed phrases in a safe location like having a patience and self control.
The price of bitcoin is not good enough because of which people loss hope, Investors of crypto are effected by the news about Elon musk so the attraction towards bitcoin in them is not higher as that was before.
The price will surely move but not immediately because people are regularly leaving the crypto space may be they have purchases bitcoin when the time was accurate and now they sell with a profit because they desire to reduces the chances of loss.
But when more people sell their bitcoin then we cannot aspect about its bullish period as the demand and selling clearly effect the crypto industry worth.
This period is not alarming but you have to take the make money through this opportunity as it acts as a signals that very soon Bull run will initiate.
The price will surely move but not immediately because people are regularly leaving the crypto space may be they have purchases bitcoin when the time was accurate and now they sell with a profit because they desire to reduces the chances of loss.
But when more people sell their bitcoin then we cannot aspect about its bullish period as the demand and selling clearly effect the crypto industry worth.
This period is not alarming but you have to take the make money through this opportunity as it acts as a signals that very soon Bull run will initiate.
Jump to: