Bitcoin Forum

I can see now that total marketcap started to go up since lastweek, maybe an indication of bullish market for crypto,.
we really just have to hold and believe, Patience is the key of success. :)  those who are still holding even 70% loss is the true warrior in market., you cant win unless we fight,, :)

yes i see it also. anything is possible in crypto world.
altcoins also started to make a move since last week. hope my loss will recover soon. :( goodluck to all of us

The market has already declined significantly since the Dec ATH, so possibly it already hit the bottom and we are in for a bull market. I do hope the increasing Market cap is a sign of this, but this could simply be a bull trap and the downtrend could continue... But shouldn't this be in Speculation?

That was just a beartrap..
Off to $100k

It's time for bull market. All of the bad news have been reflected in prices. So, it's not wise to sell from now on. We should keep holding and buy as much as we can
I suggest some blue-chips for reference: BTC, EOS, LTC, NEO, WAVES,

Well as the prices start rising, the more people hold their coins in the hope that they will at least recover what they have invested in the first place. The higher the price, the greedier the holder, so there's really no need telling to hold.

rise of the total market cap does not necessarily mean price rises let alone a bull market!
what you are seeing is mainly the bitcoin rise effect which has first incresed the total market cap when bitcoin price went up then as the price became pretty stable altcoins began to rise and with that market cap went up. none of this  means a bull market.

whoever held altcoins while losing 70% has no idea what he is doing. i wouldn't use the word "warrior" i would use "idiot" instead.

In recent days, bitcoin is steadily rising in price and now, for the first time since its fall, today, according to CoinMarketCap, it has reached a rate of 8 343 dollars. This is pretty good for a start. I very much want to hope that this is the beginning of his solid growth. It is desirable that this growth was more smooth, however long. That altkoyiny also could develop and grow in the price.

Yes. this period is when market will bullish. Refer to last year, it have some graph. Down in Q1 and start to bullish on the second quarter. Can not wait to see that haha.

It is true, market cap on cryptomarket rising from around 250billions dollars and market cap right now around 350billion dollars. I think cryptomarket already recovery and start to bullish again. But as we can see, bitcoin dominant drop from 45% last week become around 38% and i think its altcoin season

very good if crypto market there has been a significant increase, that's what we expect so far after previously almost disappointed because cypto down dramatically but now the opposite of that, increased drastically

it is too soon to have an altcoin season.
what we currently have is a stable bitcoin market where traders migrate temporarily to altcoins to pump and dump them and make money while bitcoin stands still. these pumps will obviously increase the total market cap.
an altcoin season is usually during summer and it is a market wide altcoin pump which is actually rare.

Nice moderate increase in trading volume for the top altcoins

If Bitcoin manages to break the $8,500 mark there should be more positive upward movement but if it sinks below $7,800 we could be headed back to where we started before this minor pump

I think we are already down the trend line and if we consider the ATH rates then this market cap is really nothing in front of that. If we need to see actual market recovery then let it be there in the prices each coin visible clearly to us. The market cap is just how much being bought and sold maths and its not really indicative of the whole scenario with 100% assurance. Regarding other facts like patience is the key and all, yes off course we do need that and before entering this market this should be the tag line at the door step if there was a door anywhere.  :D


Lolz

Sad to say I completely agree with your sentences but I am one of those idiots. I believed markets reached specific point that may keep pushing it even further without correction. But I was hit hard with reality.
It is too early to tell it a bull market.

There is no real news to support this rise and there is no significant rise.
All that happens is a correction followed by optimism in the performance of the market led to a rise in the price of Bitcoin and a large speculation in the price of altcoins.
As soon as the market miss this optimism you will notice a stabilization in the price of the bitcoin and a rebound in the price of altcoins.

Just because the market cap went up $50billion the last 7 days doesn't mean we have seen or will see a trend reversal. Market is still bearish!!
And as long we are not back above 12k-14k I see no reason to get excited. Sorry to be the party pooper, but that's how I see things when I look at the chart.
In terms of your holding statement I would like to make a slightly differentiation here.
Holding Bitcoin through those times is ok. Everyone a few years in the crypto space knows why holding Bitcoin for a long term makes sense. However holding altcoins is just crazy and irresponsible. They are good for trading and to make more BTC, but that's it. Every crypto og trader will admit when he is honest to you.
So holding one thing is not the same as holding other things!

Bitcoin back in its normal price just right now. Almost all cryptocurrencies are pumping simultaneously with the price of bitcoin. It seems like the bull run is starting to kick! Hopefully, it will continue even at the end of this month. We must celebrate! A lot of green leaves in the coinmarketcap!

Great beartrap, it's path is opposite to what it used to be. See you at $100k.

Let's give few more hours or within a day. Current sitting at $8,300 so close to $8,500. It's now a safe haven that bitcoin sits at $8,000 now.

You can win actually without fighting, just watch the recovery.

Right. 70% losses and holding is a true warrior? What's that make those in profit, cowards? Not that I'm dissing holders, far from. But if you're in at 70% losses, then you bought at or near the ATH. Most likely makes you a speculator rather than a holder, jumping in for fear of missing out instead of getting in earlier or waiting for the dust to settle (and I doubt it's really settled yet).

Of course I'm happy. But I won't be surprised if we get another downturn, or several more. Was fully prepared to face an entire year of sluggishness - while market cap keeps upping thanks to supply rather than price.

Woah i think it's still a bit too early for that though. I agree that what's haopening now is a good sign but expecting a bull run because of this may be reaching out a but too far. I'm ok with btc stabilizing for a time here so my alts can actually move forward :D

well to be fair to you, one is only an idiot as long as they don't learn from their mistakes otherwise making mistakes even big ones like this and losing money is a part of all our lives. every trader, even the big players are making mistakes at some point. the thing that sets them apart is what they do after they made that mistake. as long a you learn from it and try to avoid making it again, you can be considered a good trader.

yes, this is a fresh breeze for coin holders. and ultimately their patience is not in vain. hopefully this will be the beginning of the return of value in the market and create a new spirit for investors.

It is true that there really are good signs since last week which has given most of the crypto lovers in this industry to have a strand of hope out of all the fud that is being spread all over the internet. Almost every crypto holder today are crossing their fingers hoping that this is an early sign or an indicator that the bullish season is now about to start or is already starting slowly. But the thing is, after all that has happened into this industry from the past years to this day, I myself can never be too sure anymore on what is gonna happen tomorrow, the next day, the day after that, next month or the next year. But as what you have said, the ones that have managed to hold and endure are the warriors in the market and they will only be the ones who will be able to reap the rewards of their patience and endurance. Hence, I too will not sell and keep on buying instead.

Yes the whole market rising is good. If you look at most altcoins they have bottomed and have been surging off that bottom strongly recently. Bitcoin as well. I expect a slow recovery taking most of the year, but it seems the recovery has started. As the weeks go by if the prices keep going up little by little people will gain confidence and realize its the best time to start buying in again as prices will never be this low again in a few months.

Good news is coming to those who hold there coins patiently and endure the wallet circumstances. Very nice things in the present price is increasing and it can last for long days that probably will hit the moon and written down in the history that the new record filled crypto market price.

Through an investment point of view, holding for the long run is defiantly beneficial as per my opinion. However, I believe that the movement is a growth and hence I try to spend my 50% of the funds in order to contribute to the growth. We must realize the fact that Bitcoin is valuable today just because early adopters have decided to use Bitcoin as a payment system. It is now our responsibility to use it in that way instead of focusing on the speculation.

I think it is too early to say that it's already the start of another bullish trend. Even though we see most of the coins out there in green does not mean we have to let our guard down and be confident with our investments. A false belief that investments in crypto will make you gain profit by not doing anything will take you nowhere.

Marketcap doesn't decide anything. Marketcap is dependent upon the price of the cryptocurrencies. If they rise the overall marketcap will grow automatically. Right now the bull phase isn't confirmed. Bitcoin is yet to test some upper support levels which if broken can only confirm any positive price action. Else we will see another dump for accumulation stage. But as people are FOMOing, enjoy altcoin trading and book profits

I have no reason to believe this isn't the start of a bull run. I previously was cautious about it, but now seeing that we have only had one minor red day or two in the past couple of weeks how is that not bullish? Sure the green days haven't been absurdly hot in terms of valuations increasing but the rise has been slow and steady. I prefer slow and steady and if we did this for another 2 months I would be absolutely fine with that.

Yeah I agree it is very likely we are out of bear market territory.

We might have 6 months of slow steady growth before it gets back to $20k. Once it starts getting back close to the all time high Bitcoin is gonna be in the media everywhere again and a new hype phase will begin. But until that next boom phase beings its a slow bull market for probably most of the rest of this year.

Upcoming Bull market:
$10k in May/June
$15k in Aug/Sept
$20k in Nov/Dec
2019 -> $70k

We've definitely sen BTC make some positive moves over the last few weeks.

But to me, I don't see this as a start of a bull market. There is simply not enough momentum, in my opinion, for this short term rally to completely reverse the overall market sentiment from bearish to bullish yet.

But the signs are here for this rally to last a bit longer, possibly until the end of the month before any sort of legitimate correction comes. Obviously, there is the tax day bullish indication. And now, the price has hit $8.5k which is a strong sign that BTC will test $9k soon, and if breached, will go on to test $10k. However, that's where I think the ceiling for price growth really is for this rally, around the $10k level. After that, we may fall again into the previous bear market. I do see a strong recovery in 2019-2020, where the real bull market will emerge.

 Are you blind ? Or your just claiming your self as a expert and want to scare someone to hold on this circumstances? Lol provide your proofs here pal 'cause no one will trust on that stuff,  especially on this situation which is the price is gradually climbing  .

Yeah, anything is possible. We have had hope before that ended up being dashed and then we saw the market back down inside the downtrend all of a sudden again. I understand these things are some of the things we will definitely keep seeing for a while until we get to see the market fully recover and we switch to an uptrend, but for now, I am personally keeping all my fingers crossed and hoping for better days ahead.

I am expecting we will get to see the market spring back in few months’ time anyway. Rise of marketcap may be a signal still its significance need to be fully analyzed. Over time, volume of most cryptos will be high hence any small rise in price also will compete previous peak marketcap. So, not an exact symptom for hoping on bullish market.

everything looks bullish for bitcoin now and it is officially outside of the bear zone when it crossed the $8000 and the current price is killing any kind of doubt that anyone may have about this not being bullish.

but the total market cap is not one of those signs. in fact when i see the total market cap is rising it scares me because i completely remember last time altcoins got pumped this hard. they pulled bitcoin down with them as they continued getting dumped...

I think you misunderstood him lol. What he meant by bear trap was basically that Bitcoin was never in a bearish trend to begin with, it just looked that way.

That being said, anyone can make better predictions than any expert because pretty much everything in the market is fueled by speculations and current events. No one should trust anyone on any of this stuff lol.

I totally agree with your opinion, as these predictions never justified and do not meet the reality. better to focus on the market and so will be able to better to avoid risky situations .

It is still too early to start thinking of a bullish market anyway as we will get to see how things turn out in a little while. I am optimistic in the long term, but in the short, we both know how volatile the market is and what we can always end up expecting.

Nevertheless, I believe this market is about to get set consolidating and if we get to see this happen, we may actually be in for a very sweet ride after that since we are outside the downtrend at least for now. I mean, downtrend may find its end at any time soon and bulls may take control of the entire crypto markets at any time.

Not every single growth in the price of bitcoin means that we are getting a bullish market and not every decrease in the price means that we are getting a bearish market, the price of bitcoin is recovering and that is a good thing but you should not get your hopes up, that another bull market is forming after the last one just ended a few months ago.

I think it's very important to keep that option in mind. With the crypto markets, it's very hard to pinpoint when exactly the markets might flip around. However, as of now, the general market has been showing pretty strong signs of a flip. Bitcoin has been increasing steadily and the market cap has been doing well recently as well. It seems as though the turn around might begin this month. It seems like it came a little late in comparison to the past few years, but I don't see how there can be a major halt in the current momentum of the markets.

It is reassuring but as you mentioned it is hard to predict what will happens.
Price currently over $9000 but consolidation is still required to maintain this goal :)

Nobody should have bought at the all time high, because it was clear that the markets were overheated and a big correction was definitely due.

But yes, we're seeing quite a dramatic turn of events here. BTC first reached the $8k mark, and just yesterday reached $9k as well. Markets have been extremely bullish for over a week now. I think for that reason, a dump is probably going to come soon, probably around the $9.5-10k area.

We're seeing the same thing now compared to December, there are panic/FOMO buyers which means that when a small correction happens, they are likely to panic sell as well. That's why I expect the correction to be huge, so do prepare for that and don't buy up too much when markets are this bullish.

yes it looks like the market will start bullish, and we can see the price of bitcoin including altcoin others start showing big pump, this indicates a lot of whale that have started entering market cryptocurrency. and this year seems to be a bigger sense of pump wave than in 2017, we'll see it over time this year.

I see green prices again consecutively, bitcoin also prices show their contribution to hitting prices at $ 11,000. I think the chaos that happened in the last few weeks is over, now it's time for us to fight for more benefits and benefits back.

Most especially the altcoin markets and we may actually get to start seeing bitcoin entering a period of consolidation for a while now and then we may see how things turn out for the altcoins. Most of the time, seeing the market this way shows some bullish signs are coming up and we always know how the table is most of the time. Let us see how this one is going to be playing out in the coming weeks and days.  I sure see some pretty good rise in the market though.

The positive thing is that the market held through even when the alt coin market went down and finally we saw a bit of a correction, but i am sure it will recover eventually, never expect to see a rally in this period but we will see some sustainable growth and eventually we will see the big rally everyone is expecting.

Always hard to predict what will ever happen but fundamentally, things are actually looking pretty good for the general market. I believe we will get to see the altcoin market make the move first before we will get to see bitcoin making any move. I want to also believe we will not get to see some strange things that would come spoil the fun. It is about time we started seeing some action in the market after the long period of market decline anyway. Marketcap is an attractive thing which induce most investors to come forward to invest with. Even marketcap is not doing anything with real time applications, many people still consider it as a big factor to compare markets to choose the best investment opportunity.

Most people still don't know how the crypto market works. It will go up and it will come down. All you need to do is know how well to play the market to your favor.

It's a regular phenomenon which we are noticing.Now everyone would be buying coins at a faster pace.Then big whales would start their game and spread FUD in the market which would make cryptos price fall.Then most of the people would sell their coins in panic and big whales would have a great meal.There's nothing new in it.

All markets go up and down. :D
And when you say "all you need to know is how well to play the market...", well it is not that easy. Because if it would, all the people here would be god damn millionaires already.
Trading and investing is tough, and absolutely not a a no brainer. It's hard work, a lot of analysis has to be done and you need patience and a clear mind (no fomo, uber excitement, fear of losing etc.).