Bitcoin Forum

Hi guys,
I started again recently to get interested in Bitcoin and I just wanted to know if somebody could tell me what I missed with what's important about the Bitcoin this summer. Is it still a good idea to invest in Bitcoin? Do you think it's going to go up by the end of the year?  ???
Thank you!!

Its generally best to invest over time so monthly I think is a good idea, its hard to enter the market out of nowhere and expect a positive result.   Its the same for many markets but especially bitcoin as it has higher volatility.

Here is the picture as I see it just near term, I expect us to achieve 6500 before reacting.   Generally we've gone sideways and its possible the market is waiting for news or development to occur -

https://i.imgur.com/eEWo0V8.png

I still think that this was just a short term reaction and, as such, an opportunity to sell. The trend is still bearish. Even if the breach of the 7415 was unexpected. But the rapid move down seems to confirm this opinion. But I'll be very attentive if this makes a new high above 7721.

It may turn out that way. On the 1-day chart, the spike through the top of the range only ended as a wick. So there's been no breakout yet, and to boot, the other exchanges like Bitstamp and Coinbase didn't break their previous highs. :-\

Still, I'd wait a few days to see how things shake out. Long/short ratios are still heavily in the bulls' favor. The price differences between Bitfinex and other exchanges has closed up a lot, and we're still sitting on solid gains over the past 24 hours. I won't be surprised if this resolves to the upside.

This summer?Today is October 16,the summer is over. ;D
Nothing important happened.The bitcoin price is moving between 6100 and 6800 USD and the community expects something big to happen during the next year or maybe 2020.
I don't think that this is the right sub-forum to post newbie questions though.

It is still a good investment decision if you will like to invest now. However this is not an advice you invest but my views base on the current price and the recent market behavior. We have had good news about of recent and those news are going to be translated into bullish trend in future.

That was actually some USDT bullshit stunts, and I wonder why a lot of people are still making use of it, despite how shady everything about USDT is. The price never broke out from the triangle and actually, it was USDT pairs alone that had the huge spike due to some news about some implosion or whatever. Even on bittrex, where both BTC/USD and BTC/USDT pair is traded, only the USDT pair had such an erroneous move. As far as I am concerned, USDT days are numbered.

Regarding the market overall, and for the general BTC/USD market, we only tested the upper line of the triangle with the price rejected pretty fast with a long wick as well (using bitstamp chart) and currently trading around the $6400 region, but I am still trying to switch to the optimism side, knowing that the more a resistance is being tested, the more it gets weak and probably we might see a breakout upward, and just as you said, I won't be surprised if it resolves to the upside either.

exactly. there are a lot of people who still think 1 USDT should always be = 1 USD. which has never been true since we had a lot of examples of the price of it falling down.
and the reason is because most people don't listen to warnings until it is too late. like not seeing red flags of scam exchanges until they get scammed themselves.

In terms of what's new there's not a lot to report in regard to adoption or development. In terms of price speculation we've been in a very stable and low volume period. This is either a consolidatory period and will be followed by a bullish run or it's a last resistance before the bear market continues further on-wards. Personally I believe in the first option as the support for bitcoin at 6k has been so strong. I do believe that any price movement for the rest of 2018 will be minimal, if we are to go bullish it won't be like 2017 it will be a slow increase over an extended period.

Regarding a majority of what you are hearing in the forum, I really think that is a good advice for you because instead of the FUD there are a vast majority of people that would say it is still good to invest with bitcoin and right now that we are back with the cheaper price, for now, it is pretty good to invest because as we all know about bitcoin it will always make a huge pump and every passing year we can really see the big increase it does, Don't just think that the price will go down because we are still in a bearish market many does obviously thinking that this will be the end for bitcoin but for me this is just the beginning.

Gradually placing in some money in bitcoin is the best option you could always have as opposed to entering the markets out of nowhere and investing in one go. By placing your money in bitcoin over time, say, monthly, you'll have the chance to average your buys and deal with the losses you might incur in the process rather than buying in a single go and having slim chances of a recovery in case the market sentiment goes bearish. It's hard expecting positive results immediately after buying so always buy incrementally up until your intended capital is used on a certain asset you want to have.

It's not just USDT, but also Bitfinex. Bitfinex and Tether pairs are a massive portion of BTC trading volumes. It doesn't matter if Tether's days are numbered. For now, these pairs have a very obvious effect on the market, whether or not people write them off as "bullshit stunts."

As an example: if it were only Tether pairs that were moving, then why did Bitstamp spike up $500? :)

It is always a good time to invest during a bear market just like the one we are experiencing. It is moving horizontally and has been for a long time, but eventually it will be vertical and upwards again so to stay in the game you need to buy and hodl

You really missed a lot including the highs last December bull run.
As always, its never too late to invest in bitcoin if you have a long term plans with it.
Not sure with it but its been 10 months since the market has been down and predictions are saying that its enough to start the next bull run.

You can look around and see it for yourself. There's a lot of good and bad news as always.


Ask yourself if you wanted to go long or short term as as far as investment goes. Obviously, majority will advise you to stay for the long haul as the price seems to be stagnant as this point and just wait for the next couple of months or years and see how it goes. As far as the price at the end of the year, we really don't know, we're still hoping for a break out run but its better to prepare for the worst, just saying.

base on my opinion yes there is a great chance it will go up by the end of the year considering the fact theres a lot of institutional investors jumping in the past few weeks, but there is a low possibility of going down, so you really have to do some research on your own and analize the market.

;D Well, literally, Summer period is June to August; while Autumn is September - November, with winter following afterwards, so we already left the summer even a long time ago. However, whether summer, autumn or winter, however the market moves in the short term will determine how things would end up panning out.

We know we are still inside a triangle and the possibility of a break out to either the upside or the downside is still pretty intact, and until then before we can even tell if there would be anything to look out for at all. However, like you said, I actually expect that we would have most of the big move within next year/ upper one which is 2020, which means I would not expect anything too serious this time around.

I think the price of Bitcoin will still rise, but I can't give you the exact time. I think the bitcoin is waiting for the approval of the ETF!

So naive and perfectly timed in fact that I feel it has to be, like the majority of threass here, not created for genuine interest or curiosity.

Then again, I've actually met people in real life who ask me exactly the same questions... And it always is genuine... Naive I suppose.

Op, Don't spend your time here in Speculation. Read Marketplace and see how many ways therr are to use and spend Bitcoin. See technical discussions and be amazed as I, frankly, was. Trust me, you'll answer your questions better this way.

for now base on TA its bearish and shorters will take advantage of it for sure, unless we break the asymetrical triangle in btc/usd pair not in usdt, but base on FA on the good news the we hear day2day woth investors entering crypto its really bulloah man though i dont rely much on FA as its much more probable in TA

yes it's good to invest unless if you can afford the price. by the way think before investing mate and make sure you can afford the price to lose to avoid repenting 'cause market is very risky to invest  because of some factors that always occurs in the market nowadays.  So control your emotions always when investing to avoid being greedy and etc.

in my view probably on this year just a little progress of market so i suggest don't expect too much . if you want to become profitable just hold until year 2019. Which surely market will recover.  

The mindset a lot of people always tend to have to investment when it comes to trying to predicting the possibility of growth in the market and not understanding the risks, as well as the position a lot of people put themselves, when it comes to making investment decisions as their judgement is usually clouded by the former, it can be a bit tiring for them I guess. Nothing is going on, the market has been in cycles over the years, and there is possibility of greater growth in the long run.

A good time to invest now? most definitely!

What if it goes down lower? Then Invest more!

I think bitcoin can grow because it is the most popular coin in crypto. The market will have the opportunity to grow back in the future, and if you decide to invest it will be a wise choice.

Even if it does not go up immediately or before the end of the year, one way or the other it would go up no matter how long it takes. Market comes in 2 cycles, and right now the bears are in control with the bulls currently trying to fight back and it is how this fight ends that would determine how things eventually turn out or how they end up not turning out as the case may be. Considering though that a lot of institutional investors are popping in, we are seeing some pretty good news in the market, I believe at this point, people should get used to the fact that buying into this market now would not be a bad idea.

There is actually nothing to think about that, this is something that would end up happening eventually. No one can give a specific time or possibility of when this might happen, but one way or the other, we just have to be patient. We are seeing a lot of improvements lately, with the institutions wanting to be a part of this ecosystem and coming up with their own ways of doing things, Fidelity helping hedge funds and so on and so forth. These are great developments and if people are not really getting to see that the future id great, I wonder what they are seeing then. One thing I know for sure is that, it is worth waiting for.

As long as you know you are going long and care less about how the market goes down lower with you even seeing it as an opportunity to buy more, then, please do so. One thing about a market is that nothing is actually predictable as we all know how things can happen pretty fast in a volatile market, but whichever way it is, either we go bullish in the short term is only going to be dependent on time.

What is going on now is just the market trying to find where to go next and from what I can see so far, we just have to wait and see, although, there is that optimism that we could see the possibility of a breakout upward due to market sentiments.

Welcome back to bitcoins. It is better you analyse the price of bitcoins from where you left till now and determine for yourself how it has been doing since you left. Base on your analysis you can make decision on your outcome.

I think we have more influences then that, this is purely just a price tug of war between buyers and sellers.   Also there are people with different time frames that make it more complicated.

The longer time frame users and holders of BTC are related to its development.   All of a sudden we have many different phases to the development of any coin but especially BTC because its so widely spread out.

Another thing we have missed out during all of this tether stuff going on and whales buying bitcoin was again that the price has not moved as much as it used to. There was a period in the summer where the price moved from 6.4k levels to 7.2k levels constantly, it moved up and down multiple times during the summer, whereas in todays market the price moved so little and it went down back again and the change wasn't there so much, which means the crypto world is much more stable than it used to be.

People are not getting the coin swing as much as they used to which I believe means the whales that tried to do swings so they can make a lot of money are either gone or they do not want to do it for some reason.

They must be trying hard to squeeze more from the users who wanna dump after a slight spike. But seem not much is going on now. The only need to do now is to wait for fresh money that will come into crypto to pull the price up to another ATH. I think the stable price is a good indication of a good price to buy this time in case you miss the dip below $6k.

That somewhat explains how the price manages to remain this stable. If we also take into consideration that there are multiple dominant exchanges instead of just one like how things were back then, it's more strength for this market.

Yes, the uncertainties and volatility might gain an upper hand again in the future, but we're building a foundation at which we will allow Bitcoin utility as a currency to flourish, and that's what I think is one of the most important aspects.

Bitcoin's utility as store of value is not enough to keep the demand popping. Eventually we'll see Bitcoin deflate again because there isn't always a need for a safe haven asset, while the demand for a currency is always there.

If you have the money, buy some bitcoin. If you need the money to pay in six months, you'il be hurt. take and forget.
This is the best thing to do right now.

Sensible that is. At this kind of market, you can't really go short anymore. If you want to make money and profit, you have to expect to go long. Not just with bitcoin but pretty much with majority of the alts as well.