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pooya87

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Quote from: shoreno on August 11, 2020, 04:18:00 PM

Quote from: Arkann on August 11, 2020, 10:16:38 AM

One way or another, the current period of the cryptocurrency market is very different from 2017-2018.

theres a slight different from 2017 because the increase right now is not high enough but it retains . 2018 was a dump year if i still remember which is differrent from this year because earlier this year we already see a growth and it rested for a while but here it goes again .

you are both thinking about the end of 2017 not the beginning of it. or mainly the end of 2016 and start of 2017.
at the start things were actually pretty similar to these days. price was creeping towards the previous ATH of that time which was a little lower than $1200 and it was struggling to break multiple resistances since many kept cashing out and created sell pressure. we even saw a couple of crashes before the ATH was reached and broken. it took about 5-6 months to stabilize above that ATH (ie $1200) and never come below it again.

bitbunnny

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This is not quite true. Yes, we had increase although not that sharp and then decrease but a light one I would say. Now it seems that we have some semi stable situation but that can easily change and to my opinion further corrections are possible although I don't expect to see some big drop. The price might touch 12000$ but to my opinion it will not cross that line so.soon.

milewilda

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Quote from: TravelMug on August 13, 2020, 10:49:06 AM

Quote from: el kaka22 on August 12, 2020, 01:47:22 PM

So, I believe people are moving back to their old investments like stocks and gold etc because they believe it could be basically a great way to make even higher amount of profits when the economy recovers completely.

One possible scenario, or traders pull out some funds to shift to altcoin market, or to pump some shit coin to make a quick buck. I'm looking at the traditional markets and almost all of them are red as well, could be some correlation with bitcoin though. I'm not seeing any commodity rise as well, only Gold, Silver just 1%. So where did all the money goes?

We will see, maybe crypto traders just liquidating some and definitely will invest again in this price correction. So $12k again will be the next target.

When we do saw where other markets are on red and this market is somewhat green then we can presume out that there might be some funds had flowed into this market but we can make out conclusions but
we do know the possibility.If not the thing we are seeing then that simply means that people are converting out their investments to fiat, for whatever purpose they do have in mind neither they are just waiting
for some opportunity or just simply cashing out just because they are on need specially now on the current crisis situation.For price talks about sharp increase and decrease in price.
Do this particular topic or behavior of price is still surprising? I guess not.

TravelMug

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Quote from: el kaka22 on August 12, 2020, 01:47:22 PM

So, I believe people are moving back to their old investments like stocks and gold etc because they believe it could be basically a great way to make even higher amount of profits when the economy recovers completely.

One possible scenario, or traders pull out some funds to shift to altcoin market, or to pump some shit coin to make a quick buck. I'm looking at the traditional markets and almost all of them are red as well, could be some correlation with bitcoin though. I'm not seeing any commodity rise as well, only Gold, Silver just 1%. So where did all the money goes?

We will see, maybe crypto traders just liquidating some and definitely will invest again in this price correction. So $12k again will be the next target.

el kaka22

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This was semi-correct. We did see a sharp increase, and we did see a decrease. I mean it wasn't as high as imagined or it wasn't as low as imagined but it was still high enough and it still did dropped. I think from now on bitcoin doesn't look all that well and strong, people did invested into bitcoin when things were bad because they believed it was a great way to get away from the bad economy and they did invested, however looking at stock market for example (most common investment I think) there were things that recovered almost as well as bitcoin as well, some even better.

So, I believe people are moving back to their old investments like stocks and gold etc because they believe it could be basically a great way to make even higher amount of profits when the economy recovers completely.

akram143

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Quote from: cryptomaniac_xxx on August 12, 2020, 06:03:13 AM

Quote from: Free1bitco.in on August 12, 2020, 04:18:50 AM

Quote from: TravelMug on August 11, 2020, 10:48:34 PM

Quote from: ?? on ??

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

Currently, the price is actually in the $ 11400 range. it's just that, I don't think the possible reduction in price will be as sharp as speculated. I'm pretty sure that the worst price drop is just ending up at rage of $ 10k, it's just that it's still quite unlikely. I quite believe that development after this is an increase in prices. currently, quite a lot of altcoins are developing.

No price is safe though, it is still possible for the price to drop at $9'ish or push it to above $12k in the coming months. There's no news, but what if someone created another FUD and pull the price back? Just thing of that scenario.

As for the higher highs, we will see, $12k seems to be not sustainable at least for now.

Prices are moving in 11K region and it looks like another accumulation period for the investors which is just before the real bull trend of bitcoin market. I am expecting the prices to go further more in the coming months because once corona gets cleared people will be looking for assets who cashed out earlier this year.

Ridwan Fauzi

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there is no news which makes the price go up or down, the price going up is the news

Fundamental factor gives a lot of thing for the movement price of bitcoin, the trader will see the fundamental first and looking the analyst before they set the entry position between long and short.

Because the fundamental will give a big affect for the sentiment market, like what has been happened right now the price of gold is currently fall from its all time high and this has given the same effect for bitcoin's price movement.

As we can see now bitcoin's price has been decreasing for several percent. But it may a retracement only, we are still in the strong uptrend as long as the price doesn't touch $10.500 because there is sign if bitcoin's price touch $10.500 there will be an indicate the bear market is coming.

cryptomaniac_xxx

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Quote from: Free1bitco.in on August 12, 2020, 04:18:50 AM

Quote from: TravelMug on August 11, 2020, 10:48:34 PM

Quote from: ?? on ??

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

Currently, the price is actually in the $ 11400 range. it's just that, I don't think the possible reduction in price will be as sharp as speculated. I'm pretty sure that the worst price drop is just ending up at rage of $ 10k, it's just that it's still quite unlikely. I quite believe that development after this is an increase in prices. currently, quite a lot of altcoins are developing.

No price is safe though, it is still possible for the price to drop at $9'ish or push it to above $12k in the coming months. There's no news, but what if someone created another FUD and pull the price back? Just thing of that scenario.

As for the higher highs, we will see, $12k seems to be not sustainable at least for now.

arwin100

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Quote from: Free1bitco.in on August 12, 2020, 04:18:50 AM

Quote from: TravelMug on August 11, 2020, 10:48:34 PM

Quote from: ?? on ??

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

Currently, the price is actually in the $ 11400 range. it's just that, I don't think the possible reduction in price will be as sharp as speculated. I'm pretty sure that the worst price drop is just ending up at rage of $ 10k, it's just that it's still quite unlikely. I quite believe that development after this is an increase in prices. currently, quite a lot of altcoins are developing.

To much speculation has been dropped that's why people came to the point on giving this though's and I can't blame them to think this way since there are so many bad dumpashappen before. But since there are so many good things happening right now and price remain to the current level maybe we cannot see those sharp dumps and we will provably see a price pump back.

Free1bitco.in

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Quote from: TravelMug on August 11, 2020, 10:48:34 PM

Quote from: ?? on ??

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

Currently, the price is actually in the $ 11400 range. it's just that, I don't think the possible reduction in price will be as sharp as speculated. I'm pretty sure that the worst price drop is just ending up at rage of $ 10k, it's just that it's still quite unlikely. I quite believe that development after this is an increase in prices. currently, quite a lot of altcoins are developing.

Ayiranorea

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Quote from: TravelMug on August 11, 2020, 10:48:34 PM

Quote from: ?? on ??

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

Bitcoin has got termed to be the hedge in the pandemic due to its speculative factor. As expected there isn't much of speculation, but the real growth is experienced good during the pandemic. As the entire stocks and shares keep falling the price of bitcoin showing an increase is termed a manipulated one by people who are against cryptocurrency.

What we see in the market right now isn't a price correction, it is the gradual price movement. If this was a correction we could've experienced a pullback at $11500.

TravelMug

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Quote from: ?? on ??

there is no news which makes the price go up or down, the price going up is the news

Or it's just bitcoin becomes the hedge in this pandemic that's why the prices keeps increasing even though there's just a few minor news, like the Grayscale and some other companies like MicroStrategy also getting into bitcoin. And there's this movement from altcoins as well, Defi, IEO that somewhat brings crypto closer to average joe.

And I would agree that in order to move forward, we should get into this healthy corrections, like what we seen bring it down to $11,300-11,400.

Oilacris

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Quote from: sana54210 on August 11, 2020, 04:59:56 PM

I doubt that 7k levels are even possible anymore in either this quick of a time or without anything huge happening, I mean at this point I doubt that anything major would happen at anytime soon, which means that in order for the price to go down we need to just wait. Either it will go up or down but for the next month or so I do not think that 7k would be reached.

So long story short price could definitely go down but not to 7k prices anymore if you ask me, it would probably reach to 9k levels at the very best cases (well worst for long ers and not shorters) so if you are waiting for a down, I would say that at around 9k you should be buying, at least if not going all in (which is not advised) go half in from that price, that way you would be profiting when it goes above 10k.

Then how you do consider on what happened when we dip down in 3k way before? Theres no major news or some sort that drive out the market that low this is why im not really that much confident if we do

talk about future low prices because market can go down on numbers that we do least expected.7k isnt too far off to go down and on the current price as of today then its heading go down to 11k price and

might even continue.In a healthy market there would be always a price correction because we cant just see that it would have that continuous growth of its price.

sana54210

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I doubt that 7k levels are even possible anymore in either this quick of a time or without anything huge happening, I mean at this point I doubt that anything major would happen at anytime soon, which means that in order for the price to go down we need to just wait. Either it will go up or down but for the next month or so I do not think that 7k would be reached.

So long story short price could definitely go down but not to 7k prices anymore if you ask me, it would probably reach to 9k levels at the very best cases (well worst for long ers and not shorters) so if you are waiting for a down, I would say that at around 9k you should be buying, at least if not going all in (which is not advised) go half in from that price, that way you would be profiting when it goes above 10k.

shoreno

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Quote from: Arkann on August 11, 2020, 10:16:38 AM

One way or another, the current period of the cryptocurrency market is very different from 2017-2018.

theres a slight different from 2017 because the increase right now is not high enough but it retains . 2018 was a dump year if i still remember which is differrent from this year because earlier this year we already see a growth and it rested for a while but here it goes again .

Quote from: Arkann on August 11, 2020, 10:16:38 AM

No matter what news comes, the market will react differently anyway.

many good news arrived last time and that triggered the growth but there are also bad news but that didnt make the price go down . news act different now when it comes to bad news

exstasie

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Quote from: ?? on ??

Quote from: exstasie on August 10, 2020, 06:28:47 AM

Quote from: ?? on ??

we got the sharp rise i was thinking of, now we are at a bit of distribution phase, my 10800~ shorts got stopped out but i made more from the long so its fine, we might go a bit more up before any sizable downside

Good to see you back. You still sound bearish. Sizable downside, to where? Still aiming for the $7,000s?

Nothing is official until the June 2019 high is broken, but the break of $10.5K is an early signal of a new bull market for me. I think we'll see a test of $10K again, maybe a short-lived wick into the $9,000s but ultimately I don't think we're returning to the May-June trading range again.

is 12k to 9k not a sizable downside?

Sure. I only asked what you meant because you didn't provide any target or analysis. Got a chart for us? Tongue

If $12K was the top, I could see sub-$9K too. I'm still not sure if $12K was the top though, so I'm hesitant to speculate too much about potential downside.

Arkann

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Quote from: LogitechMouse on August 11, 2020, 07:36:25 AM

Quote from: CryptopreneurBrainboss on August 11, 2020, 01:28:37 AM

Sounds reasonable to me, don't get why people still think we'll be going down that much naturally without any major fud triggering the market to decline. The market has been very bullish and it's just a matter of time before we tested the $13k - $15k trading price. I think the strong support at the $11k trading value would be able to hold bitcoin trading above $10k for a very long time.

$10,000 which is the previous very strong psychological support is now the very strong psychological resistance as of this moment.

Yes there is nothing major fud or news that is happening right now that is enough to trigger the market. I believe that the money that is coming right now are coming from the rich people and various institutions that have spare cash to buy Bitcoin and there will be a time that they will dump it to have some profit causing the price to go down for at least a month before a major rally towards the $15,000 to $20,000 will happen. This is just what I've heard from the famous analyst that I've been followed for a long time already.

One way or another, the current period of the cryptocurrency market is very different from 2017-2018. No matter what news comes, the market will react differently anyway. A certain stability of prices to date, speaks only of strong support from large investors, therefore we can expect better results even before the end of this year.

LogitechMouse

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Quote from: Overflask on August 11, 2020, 03:02:17 AM

What is DCA?

Dollar Cost Averaging LINK

Quote from: CryptopreneurBrainboss on August 11, 2020, 01:28:37 AM

Sounds reasonable to me, don't get why people still think we'll be going down that much naturally without any major fud triggering the market to decline. The market has been very bullish and it's just a matter of time before we tested the $13k - $15k trading price. I think the strong support at the $11k trading value would be able to hold bitcoin trading above $10k for a very long time.

$10,000 which is the previous very strong psychological support is now the very strong psychological resistance as of this moment.

Yes there is nothing major fud or news that is happening right now that is enough to trigger the market. I believe that the money that is coming right now are coming from the rich people and various institutions that have spare cash to buy Bitcoin and there will be a time that they will dump it to have some profit causing the price to go down for at least a month before a major rally towards the $15,000 to $20,000 will happen. This is just what I've heard from the famous analyst that I've been followed for a long time already.

Overflask

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Quote from: Overflask on August 10, 2020, 09:36:01 PM

Hi everyone,

I am just looking to build up my wallet by increments of a few hundreds. I put in 3000€ via a site called Bitstamp. I noticed it can go from that to 3600€. Should I convert to euros now when it's still at 11800 and buy it back when it hits 10000 or 9000?

if ur a noob u will lose money trying to trade, its best if you just DCA

Yeah, total noob. Just got into it a month ago. Learned about ATH and a few notions reading conversations here. What is DCA?

CryptopreneurBrainboss

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Quote from: exstasie on August 10, 2020, 06:28:47 AM

Nothing is official until the June 2019 high is broken, but the break of $10.5K is an early signal of a new bull market for me. I think we'll see a test of $10K again, maybe a short-lived wick into the $9,000s but ultimately I don't think we're returning to the May-June trading range again.

Sounds reasonable to me, don't get why people still think we'll be going down that much naturally without any major fud triggering the market to decline. The market has been very bullish and it's just a matter of time before we tested the $13k - $15k trading price. I think the strong support at the $11k trading value would be able to hold bitcoin trading above $10k for a very long time.

This is just a repeat of what we experience with the price of bitcoin trading within the $9k value until the spike took it to the highs we'll recording now. The increase is more certain than the decrease, that's just my take on the discussion at hand.

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