Bitcoin Forum

What do you think about this bull run right now? BTC recently breaks  $8000, is it a bull trap or a real deal? FOMO? people converting their Alts to BTC? I have many questions right now bought BTC from $7800 should I get out? or ride this wave, It's very difficult to anticipate market now because of bitcoin ETF.

You're right its really hard to tell. Bitcoin already broke 8100, I do believe that there are some FOMO happening at this time but if ETF is approved. It is going to get higher. In my opinion , Im also going to ride the waves until maybe 9k or 10k.

I think this is probably because etfs give people a lot of confidence, so many people choose to buy bitcoin again.
So I think that's the fundamental sign of a bull market. ;D

I think that you should try to make a comparison between the last year ETF (winklevoss) with the next ETF. I will expect the same thing will be happened with bitcoin. after ETF and there will be a slightly decrease to the bitcoin price. I have bought more than 10 bitcoin when it was around 5800 and try to sell some at ETF announcement date

My congratulations to all crypto-enthusiasts - today we was pleased that after the bitcoin, all altcoins finally began to grow! Let this bull race will last very long !!!

Well, the ETF decision has been pushed to September, so it is still awhile to see if that will have any significant impact on the market.

Mostly, I think after seven months of crashing and slumps, people will take any news as hope.
This can be a good and bad thing as it can jumpstart confidence in the market again which can grow into a full on bull run.

Of course, it can also be bad because it can easily lose steem quickly, then people lose confidence, start hodling again, and it crashes.

Me, personally, I feel like this is the gradual start of our next bull run that will culminate around october or so.
Crypto isn't dead by a long shot.
Btc especially has got one or two more crazy bull runs ahead.
The timing is really right and things are looking to be pretty crazy in the next couple months.

It's not a bull run. What we're seeing today (or for the past few weeks) is a combination of several factors: bulls trying to trigger a new bull run, people going from alts to btc, bearish sentimet hsa cooled down, increase of bullish sentiment, a bit of FOMO, etc etc. And I doubt this is a bull trap, I think we went past that point when we broke the 7500 resistance level.

About whether to buy or not, well, look at the price right now, 8100. Jump on the bandwagon or wait for a pullback in the price.

the Bitcoin ETF hasn't been approved yet.

It doesn't look like a bull trap to me. Right now the price of Bitcoin is really close to 8200$, and it doesn't look like it will stop from growing soon. It's very possible that it will touch 8500$ in the next days.

When the ETF gives the green light it will be too late, pump will be too big. FOMO is kicking in right now, they need to buy now before it is too late. It will jump straight back up to 20k

I'm sure that in 2019 there will be a strong rally of bitcoin. The ETF will not be approved in September, they will be transferred to the end of the year, and this will cause a strong correction at the end of September, be prepared for this. But the ETF will be approved and this is only a matter of a short period of time.

Both are alright for me I've bough both btc and altcoins when it is $6000 and that is bottom, I will hold so even though it is bull trap there is nothing changing for me.

BULL RUN!! its been told before that we just need to wait for the half time.
we have ended the 6th months of the year. i can tell that 9000 is nothing before this month ends.
and i am 99 percent sure for that.

It is possible that this really started a bull run! We have been waiting for him for a very long time. The market is very tired of depressions for the whole year. Maybe we will see the price in 10 000$ in the near future.

Its really hard to tell.. but its breaking ressiyone by ine so lets hope.. ilets also hope that alts go up also together with btc..

I think this is the time that we waited a very long time, bitcoin shows a very good growth trend and this has been going on for about a week. For me, this growth was predictable because after such a prolonged fall it was logical to expect the market to grow, and I'm sure that bitcoin will now pull up the entire market.

We can notice that now the market is in the channel that controls the price of bitcoin for about 2 months, so it remains only to wait.

I guess many of us won’t know whether this is a bull trap. It is better to monitor the market longer. I do think that ETF decision matters on whether the bull run will continue.

If tomorrow the day closes at the level of 7700, then most likely there will be a downward movement.

Its neither FOMO or buy trap but its the real deal. Well the time has come where bitcoin has started to regain its dominance one more time and it stands at 47% now. I guess this is clearly the bull run and not the trap. Whether people are converting altcoins to the bitcoin? Yes off course they are because this is the time where they are seeing the perfect opportunity of buying bitcoin and they dont want to miss out themselves from profiting. Most of the people might be correlatign the current situation with the past year. So there is high chance most of the people will sell for the BTC.

i aggree with your speculation
when i see the graph,
btc get a constant raising
inversely proportional to altcoin which tends to fall down
also the marketcap increased by almost 50 billion from 15th july

I am not aware that the decision has been pushed for September, as I know 10th of August is still valid.
Agree on perfect  timing, but this time BTC rise is not fully followed by Alts and BTC is strengthening
it`s market  dominance from 42 to 47n last six days. ( almost 1 % / day ). If this trend continuous early
 August we can easily see around 55% BTC market dominance.

The market is bull market due to signs of growth for a very long time and this time it seems to be on a growth track and expects the next two to three months. $ 20000 and the possibility is great. Therefore investing in BTC has never been so good to hold until the end of 2018.

hope that Bitcoin is in a Bull run, maybe the bear market is over.

At the moment there are many good prerequisites that the situation on crypto-market is arranged. But you shouldn't hurry with conclusions. The market more than once deceived us for the last months. It seemed that growth begins, but it all the same fell down. But I hope that he has recovered right now!

This may be a warm up. A slight increase in price is momentum building up. But a dip may occur in August as history would show. But then, we know what happens after that right? The bulls will break free and they may go on not just a run, but a rampage...in a good way that is! We are expecting good things to happen within the coming months so we should check on our game plan if we are trully prepared.

the latest info currently bitcoin reach $8285 please see at https://coinmarketcap.com/currencies/bitcoin/ hope this be a good start for the investors in the world crypto, I hope the price last year again can be repeated.

While tuning in to the increase, it made me dance for real.
IMO, it's a real deal. We've been through the bear market for 6 months!
Yes.
Only you can decide if you are okay with the profit and you want to get out early.  :)

I think buying some bitcoin now might be very reasonable. But on the other hand, nobody can guarantee that this rising will go on sharply. So, you should always be careful in the current market.

I believe about that the dip should be opccured in the next month consider if ETF gets rejected and there will be anothjer correction for bitcoin in the next month. The game will be started after the ETF decision and then we will see what will be gonna happen to the bitcoin and will it create another momentum or not?

I think the btc ETF will really create some funny moves / speculations in the market and people might really be at cross road whether to hold or dump. But an approval will be a win for the whole cryptocurrency market and the opposite might just spell a doom that would lead to a massive sell out as a whole.

I think that the fall is over, and now bitcoin will stand for some time in place in the price. after that, it will begin to grow in price.

I agree, it's a bull trap or a bull run, really it's difficult to assess. The continuation of the ascension after a long period of decline increases confidence in the market.

Bitcoin already reached 8k dollars and I hope the price of the bitcoin become 10k dollars before end of this year and i think it is possible now because of the movement of the price.

Now the price is nearing the $8500 tag, and from my point of view it is not a bull trap. It looks like a pure growth without any manipulation due to the external market as well I see it an initial price pumping for the growth of bitcoin to reach predicted target for the end of the year.

$8400 now near $8500 https://www.coingecko.com/en/coins/bitcoin, $10000 soon?  ;D

i think this rise is not good ...Maybe it's a trap or something like that

i think we can see 3000 per btc in October

bitcoin price is completely unstructured

The market price today is now pumping again and this is a very good sign that the price of bitcoins is volatile and it was profitable at the same time so keep on holding your coins today and wait for the price to skyrocket.

Not sure about your basis regarding to that certain price, bitcoin still trying to jumped much higher and the bull trend still got a good support, if more holders will support this movements and those good news followed by more updates and adoptions then we will surely welcome the bull and will see
more rise up from coming months till the year ends.

Not a bull trap mate,  because this is how the market play nowadays, which is it will gradually increasing after the fluctuation instead of constantly increasing . And in fact it's been  how many times now and it still always happened, since as well when the value of bitcoin bounce back to the 6k after it fluctuate under.

Maybe just a sudden effect from the good news that we hear from Blackrock and etf related.  I think we'll still be stuck and we will never go past the $10k but maybe in December we will. Let's just celebrate for now to brighten up our mood and change our miserable faces to become pleasant for once in a while.

i don't know what you mean by "real deal" but it is neither bull run nor bull trap. this is basically bitcoin going back to where it belongs after hitting the bottom last month. and when a rise happens like this there is always FOMO which contribute to that rise and make it bigger.

when you for example, go to Binance and dump an altcoin for bitcoin, the bitcoin price doesn't change! because it is not on BTC/USD market but instead on BTC/ALT market.

it is difficult to anticipate because you got in way too late.
what you should have done was to buy bitcoin when it was at the bottom around $6000-$6200 and was building up to rise or at least you should have bought when the rise began around $6500-$6800 not wait until last minute to get in after about a 30% rise.

Bull trap means a price increase dramatically but suddenly only a few hours before the price will return to the lowest price. However, seeing the rise in bitcoin prices after two days is different than usual. First, the price increase occurred at $ 6000- $ 7200, experienced a few hours of stability, but after that the price rose again to $ 8300 and still shows strong up. So, for me it's not bull trap, but bitcoin will be back on the bull market we can see later.

Yes they extend it until September and I don't know now if this is good or bad for the market, can we see BTC hold $8000? or it will go back to $7000 again this market is very unpredictable now too many speculations.

I guess bull trap, a bull run starts silently...

I don't think this is a bull trap because we have some positive news that really bring more investors. Unlike the previous runs we had, it will just go up in like 2-3 days before we will see another dumps. But this time, FOMO is coming in, and probably most of them are selling alt coins for bitcoins now. So we will see when we are going to see an end to this run when the SEC gives its decision on Bitcoin ETF application by CBoE.

I think bull run is stop silently the future journey of Bitcoin is good but current growth slowly stop know because all are expecting the good hype in market so this will move positive response in current market. Automatically some peoples are sell slowly it is affect the market. Bitcoin is a good growing Cryptocurrency but this year it was continuously volatile in market so bull run is possible on next year.

I don't think this is a bull trap either. I do believe the bear market is over. I've always thought that this bear market would be accelerated because of how many eyes are on the market now. Not only that, but many people are pushing for an ETF approval this year. Usually bear traps are only a few %, maybe 10%. But Bitcoin is up much more than that over the last two weeks or so.

BTC from $8200 to $7900 really fast is it about the Winklevoss Twins Bitcoin ETF Application Rejected by SEC? this is what I'm saying last few days ago that this market is very difficult to anticipate, this question is running in my mind for almost a month now does Bitcoin really at the bottom? If $7800 - $8000 will last for a couple of weeks I will buy more Bitcoin Then.