Bitcoin Forum

From the beginning of this pump in april I'm confused. All these runs seems fake and whale pumped and no new money is coming in. I get only bearish signals whenever i check charts but whales fuck all the TA and fundamentals. Can somebody with good knowledge clarify the scenario ?

We are filled with new short term investors that is why it looks like a fake one. But still that is an investment. They risked their money for that so you cannot blame them.
Strong holders are getting fewer, I am still hoping there is that group who will really believe in the future of crypto currencies. What do we know, one project out there could be in the making now that will shock the whole crypto world.

you were confused because you made a move based on pure TA and fundamental analysis.
you should have seen something like this before right ? 'cryptocurrency is different compared any other conventional market,any TA and fundamental thing won't work'.
it's because cryptocurrency's market was pure manipulation,
it won't move based on TA and findamental analysis because the price was decided by some people/group or organization.
the reason why we're seeing a lot of bear because they wanted to create an uncertainty,
why they did that ? to maximize their profit and position.
i think it works that way.

It's not fake and I think the price was increased due to many great news about bitcoin.

New exchanges and new investors enter into cryptocurrency and the news about tax day.

These are the reasons why the price is increased a lot and it's normal to see that the price is increasing and drop after few days, if you know the history of bitcoin before and until now it's still the same as what the movement of the price before, the same as what happened this year.

That is why if you are a trader the basic thing you always do is to buy low and sell high because there's no exact time when the price will burst increase just like what happened last year after the block halving many people believe that the price of bitcoin will reach around $1,000, but they didn't expect that the price will increase more above $1k.

So, if you are one of any investors or a trader just keep buying when the price drops and sell again when the price increases and don't sell everything in your wallet just always backup few bitcoins if the price increases more.

Don't expect the market to rise in a very short term, It has increased from $6000 to $9000, that makes 50% gain. 50% gain is great if you buy at $6000 and you must be very satisfied with this rise.

I always say that TA works until it doesn't. BTC is not only a tradable asset, but it's also a novelty on the market and has a steadily increasing, although limited supply. This is different than your typical stocks, that's why you cannot blindly follow TA. Now, about that new money, the market cap has increased this week, so new money had to come in. Even if it were to be the old money, the money that people got by selling on the way to 6k, it's still fine. I'd be very happy if we managed to recover 50% of what we lost in the first 2 months of this year.

Didn't you know that no matter how well detailed TA is, how professional it was constructed, how well those lines explain some point etc. it can be spoiled once a trend started no matter whether to pump or to dump?

You don't need good knowledge to understand what is happening because all in all, as you understand the risks then there's no such thing you will be confused for every pump. Sometimes pointing the exact reason will just lead into more confusion resulting into lots of regrets decision or future plans.

My suggestion: learn how crypto market moves and consider TA for reference purposes or one of the factors before making an analyzation.

I'm still not convinced that this is the permanent growth and market could change any time. I don't have the feeling this will be steady rise and the begininig of new pump era.
It's true that new investors are coming into market each day but still I don't think they are so noumerous they could influence a price movement. To me it looks more like a classic volatility process with ups and downs.

The growth won’t be constant, so you should expect the usual volatility that we historically see with these cryptocurrency markets.

It appears that Bitcoin and most altcoins are in the recovery since the crash, but there will be corrections and consolidation even in a recovery because investors and traders will be constantly buying and selling. It’s going to continue to be a dynamic market.

actually the reason some people turn into short-term holders, that's because the price is more volatile, and is very risky when we hold in bulk ,, actually is not unbelieving to do the hoarding of bitcoin, but the advantage that can be on the short term trade more profitable

Pertaining on how to know such situation then you wont really able to get those informations easily. Whales can really fucked up any technical analysis which do made by traders thats why it isnt really precise or right to rely on it fully because anytime price can change in a very very short span of time.This is why the market is way too volatile and very unrepdictable.We might see greens but later on we would able to see reds once again and if you are just day short trader you would really be fucked up by the market if you dont know on what you are engaging on.

Exactly, that's a good profit already but some people are still not contented about their earnings. Cryptomarket can pump easily by whales and you have nothing to do with that but to ride with those whales. This market will be go higher in long term, its hard to tell if you are just looking in a short period of time.

No one can predict exactly what the whales will do next. But in my opinion we should not care much, do not be too greedy in the Crypto market. When you hold a profitable coin you sell it for profit, so do not expect too high, they will drop at any time.

Follow your own instincts, if your instincts are telling you that this is not a bull run and that this is going to end very soon, personally I have the same thoughts, I'm not an expert in trading but by looking at the news I do not see any reason for the price to go up significantly, not that it matters that much to me because I'm not going to sell or buy right now but still I like to watch the market from time to time and try to determine what it is going to happen.

With the market surging in recent days, this is a blow to the whale market of Crypto. If they depend only on supply and demand, prices will rise slightly and over time. In this case, the price of BTC suddenly rose, and stood at above 9k $. This is a very unusual thing.

Price action of Crypto is not fake, the price was move base on news that exist in the market. I see now the daily volume and market cap was increase so that mean any new money come to the market, just need more times for this crypto market and will be going all the times high again like before. Need more good news again and all big crypto will moon.

Because the market is still very young we are seeing s lot of panic buying when the price is low and then panic selling when the market is up. This is driving the daily 10% swings in the market lately. The market will soon stabilise and move on with time, we just have to be patient.

That's possibly like that, the market is controlled by some people / group or organization. If talking with alt coin, it is most possibly like that as a coin totally just in amount less than 1 billion USD. There are some people who own the fund more than 1 billion, surely they can control the price. But if talk with BTC, I think will be difficult to control the price except they are joined together. Just do a math for how much money required to control BTC price, totally around 17,000,000 x 10,000 = 170,000,000,000 USD. To control the market just need 100 billion USD, but I think now the big people is difficult to combine total amount of money with that value. I don't know if some trick to be applied then controlling BTC price just need much less amount.
If this case true, the price will be headed by them and we are here just to follow the movement.

Just invest in value, not the hype, bullshit etc. and don't be greedy you will learn to be patient and not to care about whether it is fake pump or not.

The signal is very clear and if you know how to analyze crypto currencies market you will find out that everything is heading bullish. It might not be I short term but in long term everything is going bullish. I don't think we would go down more than were bitcoin is it now.

This is absolutely right. Eventhough short term investors are small traders but the numbers of these people is out numbered the whales out there, this few uptrend and downtrend of prices is their doing, and we cannot blame them. In my opinion there is still a good future in crypto currency, its a matter of time that crypto will rocket up so dont loose hope.

damn true

i hope so. Obviously don't want to loose money.

Right now, it seems that the market is trending downward again due to the issues in Bitcoin futures and another cryptocurrency exchange being investigated. However, I would not worry about that because next week is going to be huge for all of us as the Consensus 2018 week will begin on May 14th. As what I have seen in the previous charts, Bitcoin prices will spike during the post-Consensus week. So for me, it is a good time to buy during the dip.

Unfortunately there is nothing any of us can do about it because it is the way it is. I feel you though as most of the time you just see Tas fucking up most of the time and the only thing you can just get to do is either to stick with the trend as a short term trader or just forget about whatever is going on in the market.

I had to find a way to follow trend to be safe most of the time, because it simply looks more like the market is not even easily tradable anymore with TA, but all in all, we are just using some level of education to gamble our way in the market anyway.

Stop treating bitcoin only as a trading material to overcome these kind of bumps and dumps,that is why the whales can manipulate the prices by increasing and decreasing its demand.Most of the new investors are the reason behind the current trend of up and down but still we have time left in this year so hopefully the price will starts to bump at the second half of this year,so people start buying and holding the bitcoins.

You know dude to tell you honestly you are indeed in big trouble. All of this happening is a normal situation most especially in the cryptomarket. Don’t blame your failures to whales; they are just one considerable factor affecting the price of cryptos. Don’t focus too much also in technical analysis sometimes you need to do the common sense I order to create a sound decisions. What I like you to do is relax and calm down a little bit. You need to reboot yourself in order to come back at your right thinking state.

some fluctuations are normal in any market and this current trend is a normal transition phase between two different market types. you can never expect price to just reverse up and go back to bull market always-rising in a short while. there are still bears that don't want the price to rise and they are going against the market now and crashing the price down consistently.
but the trend will reverse eventually because you can never swim against the current forever the current (which is the market trend) will always carry you with it.