Bitcoin Forum

Today its now seven consecutive green candles and we have already seen historical increase in price but where are profit takers and why bitcoin and altcoin are on the same ride at the same time?

I am not buying and waiting for correction but I am unable to understand why there is no red candle yet.

It's obvious that there is tremendous bull pressure, but if you look at the all time graph in a logarithmic setup, you'll see that this is still nothing compared to the 2013 pump. A pump compared to the 2013 one would mean that we would sit anywhere from $6000 to $10000. Remember that calling tops is impossible.

first of all this is a rally, what else did you expect? bitcoin was low for a very long time and now it is making up for the lost time. and it is not out of nowhere or for no reason either!

it is because of the big announcement by two of the biggest countries: Japan and Russia that legalized bitcoin.
then it followed by Chinese coming back to the game after such a long time of being out of it.

and you need to change your glasses or check the real charts. there are red cancels.

here is the daily charts:
https://i.imgur.com/kAMty2t.jpg

the hourly chart is actually much prettier than that one:
https://i.imgur.com/JaS2mNn.jpg

Because:

-People are starting to realise the safety of the Bitcoin chain and institutional investors in several places including Japan (where it was recently legalised and regulated) are starting to get involved.
-While this happens, many newbies and people with very small investments start to move to altcoins as they either see giant returns on existing altcoins and take part in speculation or they don't think Bitcoin will scale.

I was waiting for a correction around $1300.  Don't waste your time.

Well at least I am not going to buy bitcoins at the current pumped price, its a big bubble now.

Going to wait for ~$1600 to buy any more bitcoins.

To what price range of correction are you expecting?

There are numerous people who are waiting for correction price since the price breaches $1,000 level. And now still waiting up to today. See the point? Their strategy of waiting for correction price are being destroyed by this continous rise. If only they act early then they are on profit. My suggestion, if you really wants to buy and somehow afford the current buy rates at your preferred exchange while at the same time believes that this price rise will continue more, then go ahead and do the buying. It's way better to wait for long time for price increase than to waste time waiting for price decrease.

Bitcoin dominance is below 50% which I think is the real reason behind green candles on almost all alts currently. In past we used to see blood bath during bitcoin pumps but it is completely opposite right now. New money is flowing into alts along with bitcoin rather than money coming out of alts and going into bitcoin like in past.

Truth is that I am one of them too.

Because as per my understanding one correction was pending below $1000 but it never happened. Now its into another arena.

I am waiting for $1600 levels to jump in.

Seriously, just don't do that.  There are corrections of $50-200 happening nearly every day and the price just leaps further.  You can buy dips, but the further you wait the further it's going to go up.

It's always a terrible idea to wait before you buy.  Everyone has been deluding themselves with that kind of talk for years.

In my prediction bitcoin's prediction is still increasing (up trend) because of the rumor activation of segwit on bitcoin,
it is good news for growing of bitcoin, fixing the problem on bitcoin (block size of bitcoin)
and many traders made analysis technical about the price of bitcoin is still going up too.

Yes. I definitely agree. I see some corrections starting from $1500 but its seems we just don't notice it because bitcoin will then surge and the price goes further.

Why are you waiting for the price to go down? Because it won't happening soon. And the more you wait the more miss opportunities you have for not buying, of course lost of profits.

Yes, we are in the sexy bubble stage that can go on for quite a while the question is when will the market reach the top.
The red candle is not there because people are still buying in for various reasons, getting altcoins via BTC, hearing about ETF proposals, Wannacry making them aware of Bitcoin again and then going ... wow that price etc.

Not only do you not understand what is happening. I also can not understand why the price goes up. There is no news that would justify such a rise in the price of bitcoin. I'm just interested and even scared

There are lot of things goijg in the market i guess the bitcoin will not increase too much at this point at some instances it will go down also so goos thing that its increasing today. but the altcoins price value in the market also increasing but there musy be only some delay and some price manipulatikn but eventual i guess it will still go up.

it could easily head back to that again. at the same time there are people still waiting for that $20 bitcoin. look into spreading buys over a few weeks maybe and then you won't be checking charts every second.

it this Pump a buble? will the pump continues or will crash again ?

Bear candles doesnt still shown up because people do still buy or accumulate more bitcoin thats why price is on a rally as of now and i can say that its really amazing to see the price is slowly climbing up to the top but im a little bit worried later on when the bubble pops out and dip again on the price.Checking the chart above posted those are a good examples of charting showing the corrections on the movements of the price of bitcoin.When you do make trendlines on that one i can say that the trend is still bullish but yet not guaranteed.

I think BTC price continue to grow because there are new money in the game, money from business and banking sector plus JPY from Japaneese customers.
Race between alts like ZEC, ETH and BTC is also true and I really don't know what to think about simultaneous price fluctuations of most alts, It worries me a bit.

The pump is not embracing only Bitcoin but.many altcoins too and I don't think we had similar situation before. Price is rising realy high so some have doubts that this is just a baloon which will burst soon. Having in mind past experiences this is possible but I hope this time we are on the constant way up without deeper obstructions.

its been a practice that after btc rise most of the alts fell down but as you mention looking inside the trading site we are seeing green too with most alts i guess its already been expected or newcomers really gather attention to invest with crypto and they already open up their minds unlike before which they only laughing when we talk about this crypto currency.

it's japan. there's a flood of noobs who know nothing. as soon as they realise maybe what they put their money into doesn't have much real value it's gonna collapse.

Why you guys keep saying this is a bubble? This is not a bubble that we are seeing. If this is a bubble it should have been burst by now. The $2000 barrier has been already, I think if indeed a bubble we are seeing, we should be seeing a lot of dumping since the mental barrier price is broken. Their maybe people really buying bitcoin right now at long term investment or store of value. The chances of those investors getting big profit is really high that's why they are panic buying now.

This one is quite interesting. I agree that when bitcoin price go up, most of altcoins are in red but it seems this time is different.  I believe bitcoin is a rally but this altcoins in my opinion are just pumps.  They ride on bitcoin popularity and triggers investors greed by telling stories how early adopters of Bitcoin get rich and then compare the price and nailed them with hyping telling the possible future price of this altcoin.

Bitcoin price raised and now touched the 2250$. It's big barrier peak value, if we look at the present value. Adoption rate is been increase to big with in this 5 months from this year starting onwards, due to this fees for the transaction has been increased gradually. Many wallet shows mining delay in the their site banner. Something is kicking me off.

No. It's a so called reverse dump. Somebody just turned the chart upside down. You have to open a ticket for a correct view.

In Japan, there are many old rich people who do not have other good investment, so bitcoin is good choice for them.

Not exactly that kinds of pumps which everyone would think, this is more like a pissing contest as altcoins push then bitcoin investors say; ehe he he you bas**rds think you could win and surpass us? then take this bi*ches :D
I'm sorry but if you have another explanation I'm all ears. but don't you think because investors are investing in bulk that means altcoins are good as bitcoin.
LTC which is considered the silver to the gold of bitcoin is demonstrating a good faith, if it was about pumping hard only to dump later we should've seen the price reaching $75 by now, I think I misjudged LTC.
Other altcoins are either listed on a single exchange or people are blinded by greed and are actively buying at any price the sellers demanding or both.

It happened in 2013 where certain altcoins got pumped sky high. Currently with Bitcoin you can talk about a more than decent increase, but when it comes to the altcoin market, it's a massive bubble. Look at Ether for example -- this token reached $173 today. Please, what dumbo buys Ether at current levels? It's embarrassing and shocking how certain people are willing to expose themselves to such insane risks....

We already know that altcoin is just a pump and dump market. Some are now speculating that Ether would reach $200??? I don't know who in their right frame of mind would buy it today at that price because it will suddenly go down, losing all your investment. As opposed to bitcoin that gradually building its price to the current levels that we have now.

It is really risky to purchase any alt coins when they are riding high but buy walls keeps on increasing after a small correction and i really cannot understand why they are willing to risk with these sort of valuation,i remember ETH when it was hitting rock bottom a year ago and how the developers were trying hard to create fake buy orders to rescue the coin and now the price is just crazy.

this is mostly FOMO, people finally realized they are missing out. as soon as the ATH was broken for the first time it was clear that bitcoin is headed for the moon.
before that price when you talked with random people you could have seen their targets are the same as the ATH, around $1000 to $1200. but ever since we started entering the uncharted waters the silly targets are no more. nobody can say i will sell at some price because that is IT. now people are seeing the higher prices such as $5000-$10,000

It is true if the price of the bitcoin on the rise will give a better impact because the user will be doing a lot of deals in the trade but will also give bad impact because many wallet that indicates the delay mining banner on their site. but I believe this is due to the great value that culminated this price. now bitcoin touched up to $2400. the price was exceptional,

Yes the pumping of bitcoin isn't over yet it will be continue till it will be reach at the price of $3000 or maybe more not less if the fall may happen maybe all those holders planning to sell their coins for the better profit waiting for them to have it. For sure on this year it will broke the wall again for the price of $3000

It seems like a pump to me because it's gone up so high so fast. A correction seems expected, but since this isn't the stock market, it's hard to tell if it drop.

It's actually the fiat bubble popping.

I don't think it's happening quite yet, but I think we're about 2 more cycles away.

Soon^tm

I think the price of Bitcoin is normal right now. I remember earlier this year there were people like Vinny Lingham who predicted Bitcoin would reach $ 3000 this year if it solved the scalability debate. At that time it was not known that Japan was going to accept Bitcoin as legal payment method, we have seen the impact this has had on price. On the other hand the Bitcoin Scaling Agreement can be seen by many investors as a solution or an approach to the solution of the problem of scalability. For all this is normal for the price to rise. Also you have to take into account that the price of Bitcoin is rising but also the price of other coins is rising too, everycoin is rising right now, any coin receives a pump, it would be more logical to expect a dump of the altcoins before bitcoin.

Now its tenth consecutive green candle on daily chart.

Have you seen this before?

The Way bitcoin is being pumping, $3000 does not seems to be a target for this year. We will crush 3000$ within a month if it continues to move in this speed. Already its is touching 2500$. I think it not only the bitcoin being pump for dumping only, this time it is the real price of Bitcoin and i am sure bitcoin will never be dumped again. Many new investors are coming and the old investors are not giving up bitcoins as everyone see a true potential in bitcoin.

Dump started.

$14B are already out of crypto market capital.

This dump is just another accumulation of whales before the price goes up again.  You can read a positive news about bitcoin everywhere, so definitely this is a controlled dump, some kind of price manipulation by whales out there to shake weak hands.  And start accumulating before bitcoin price increase again.

I don't know which is correct in thinking they'll buy it today that price because it will suddenly drop, lose all of your investment. As opposed to a bitcoin gradually build price to the current level that we have today. and maybe it just went down, we could see 2 day prices will rise again as our expectations

Vast majority of coin buyers actually don't know about their real life usage and never got to see their white papers so they are trading for pure speculative purposes.

While coins are only worth of their real life usage.

Price seems on seesaw situation and we need to be carefull or shall we say better to me more vigilant upon doing some trade upon bitcoins nowadays since we doesn't know if this rally will up and continue but I can't do some good trades on our wallet exchanger since the spread is pretty much higher but let see on how come bitcoins will go so far.

I saw more red in bitstamp when checking in bitcoin wisdom for now it is hardly to know if we will see more dump sooner or it can be rise again more soon.. much better to do now is keep safe your bitcoin and wait for the time to sell them if the price can be increase more or if the price is decrease soon ready your budget to buy more bitcoins because the price can be boosting up again much more than what happen few weeks back.