Bitcoin Forum

When I read  this news three days ago: https://www.rollcall.com/news/congress/the-future-holds-cryptocurrency-based-funds-says-secs-jackson. But since then market reacted a little and everything is now in red today.  I think investors and traders are still waiting for more clearly news to come out before pump the market.

i don't really think investors are waiting for ETF and SEC anymore. we have had the same story a lot of times, more than enough for us to give up on waiting on them before investing.
in fact i think the reason why we had the recent rise had nothing to do with this ETF news but it was about how the US states passed a bill to recognize bitcoin as a currency and if i am not mistaken they also removed taxes on it.

and don't forget that bitcoin has never stayed low this long, this is a record in both length and size of the drop.

surely everyone wants the same thing, seeing the market return green. this has happened several times when the price has started to rise, but then the price has dropped again. maybe one reason is not only because of ETFs, but there are some things that make investors wait for the right time. because yesterday I saw the price of bitcoin has given a sign, but it turns out today has declined again. this proves that investors are still rethinking to start pumping the market.

The you're suggesting we would have a bull run this month, the chart is relative to the previous price (a day, a week etc). The price has to be constantly heading upwards to keep it green throughout the month.
ETF had a lots of hype last year when most were hopeful if a positive outcome, but series of rejections has reduced expectations.

I like this news, if this is true. If US will recognize bitcoin as one of the currencies to deal with and no taxes on top of that, that would really be great for crypto lovers. There would be more demand as people will find out the benefits of using crypto. Other countries might follow through in this development.

Even if we see green this month, we'll need a whole lot more of that green to wipe out the prior paper losses people have suffered after $6000 broke in the most brutal way.

I don't see any reason to be optimistic until we make higher highs and not continue with lower highs and eventually break out to the downside. I get it that people want this bear market to end, but it doesn't end because you want it to end, so don't expect anything until we see higher highs. The trend favors the bears and that needs to change.

It depends on how you look at the market. If the bottom is already in, we bottomed out faster than the previous bear market, because the lowest point of the current bear market was set last year.

Time will tell who's right and who isn't, but there are just as many reasons to be bearish as bullish where we are right now. People act like we have to visit low $1k levels before we can bottom out, but it's just speculation.

The same applies to people thinking we have to see capitulation kick in before we can think about going back up again. There is no shortage of TA cowboys talking big with barely anything at stake....

I don't think we need to see a classic capitulation, but it would make it 1000x easier to call the bottom based on my experience with Bitcoin. July 2013 and January 2015 are two examples that exhibit it well.

I think anyone calling bottom at this point is on very shaky footing. Hardly any time has passed since the December lows and there's been no significant recovery yet.

You might have spoilt the gloom with a positive sentiment thread here.


Look at the trend on the graphs right now shows you could be right in your call.   We have made a break above the 8 day moving average and now have to combat the 50 day MA which is still relatively short term.     If we did that, without doubt it would put us into a positive Bitcoin phase where we might see green for most of FEB

Also if you think or look back a bit, we have failed to move downwards for some months now.   That would suggest exhaustion to selling, a rise more probable

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

May be institutional investors prefer those rulings to invest heavily in bitcoin, till now i am not sure when and what exactly triggers a huge rally rather than seeing the market goes high and huge investments coming in, just a mere spectator when the rally begins and for the market to rise again we need a lot of institutional investment to see the old all time high valuation.


That is a great dream to have to have a tax free bitcoin market.  :D The fact is that no one nor any government need to reassure that bitcoin is a currency, it depends on the investor or the user about how you see bitcoin, as a investment platform hoping for big returns in the future or to use just a currency for trade and commerce, the later takes a lot of time to get implemented as everyone is looking for profits rather than seeing it as a currency.

As the cryptocurrency network is speculative, it has reacted to the recent statement. And how long does the market continue to be green is unpredictable. As in the statement once after the market recovery sudden red indication took place throughout the market. As more and more positive news has been coming out can expect green trend to continue with minor fluctuations which is my personal opinion.

You think that the market will be green based on what?Based on some news that might be fake?
Based on your gut feeling and intuition?I know that the "sleeping" or bearish btc market will continue to "sleep" for atleast 2 years.It's pointless to expect any big price pump soon.

i don't think we have yet entered the bull market or simply the "rising mode" since people are still pretty scared. news like what you posted isn't going to change it either. maybe if an ETF was truly approved then the story could have been different but the promise of possibly approving it is completely meaningless at this point and the future.

although i can still see the trend changing because of the fact that bitcoin is still growing, people may be scared and they may even think this is not the bottom but that doesn't change the fact that the growth is still happening and the price can't be kept down in a reverse bubble for long.

Expect to be in this sideways range with low volatility for months. We will possibly only breach 6k towards the end of 2019. This isn’t a problem though, use it to your advantage. Use this period for accumulation, buy what you can afford to. The next bull run & cycle will see the price go parabolic. Don’t miss out on this opportunity.

We have been waiting for the news for so long that majority of us grow tired already from Bitcoin ETF approval. So it looks like  we are back to normal again and there is no more pump as the price seems to settle at the $3600 again.

Not to burst your bubble, but don't put too much expectations this coming months as I don't see anything that will push the price again. It's going to be the usual sideway patterns and hope that the price won't go back to where it is before the pump, $3400.

A green month throughout would be fantastic, it feels a long time since we’ve seen this. Let’s wait & see though, the market is still slightly bearish.

The news is too good but i am not sure that is it true enough.However if happen something like that hopefully it will affect on the market and we can see a positive move .But i think the recent positive momentum is ordinary .Hope investor will much watchful on that.

Hey you’re absolutely right initially many including me, were keeping tabs on Bitcoins Etf to be the trigger for the next rally however now I’m not waiting any longer for it. I feel high levels of adoption and many states accepting crypto’s as tax payments fuelled the rally. I feel Bitcoins prices are going to rise upwards soon, it’s just a matter of time now.

What will be the point of staying low for longer period ? Will bounce back more harder or something else ?
I guess there could not be any significant importance of how long a bear market is persisting. A bear market will continue until new investors will be joining right ?

I guess that we never need to worry on this as speculation about upcoming halving will be more than enough catalyst to attract investors to pump the bitcoin markets.

Are people really still waiting for approval from the SEC? Who gives a shit to it anymore? In case it's approved it's too late. We may see the price increase for a week then what? It will be as if nothing happened.
A full month of positive increase won't bring back the positive feeling people has a while back. Even if in 3 months the price goes to $10k people will be a lot hesitant and septic

Neither of those things are true.

The last crash was significantly longer than how long this one has been so far. If we pass October and the price still hasn't come up from the 3000s bottom then it will be the longest, but we're a good 8 months away from that now. That's if you're talking about the entire duration between bull markets. If you are just saying how long it stayed at the bottom of the market, we're only 3 months in now, in 2015 it spent some 9 months at the bottom, so again not even close to a record.

And the size of this drop is just normal, not a record either. So far I believe it's actually slightly less than the last crash, while at least one early crash dropped by over 90% so this isn't close so far.

Yes, we have seen a little improvement but we can't still consider that it is the start of the bull run, probably just a little spike that manipulated by whales and they want to trigger this price increase now to accept the implemented ETF and BAKKT. Hopefully it will continue rising up and not end up with a bull trap.

Spikes always happens to rise the price a little bit so big whales can make some considerable profit In my opinion. Anyway the bitcoin price was never stable and + or - 100$ is just a normal variation.

I remember you were saying different things a while ago

Did you change your mind and turned from a permabull into a permabear? Or just accepted the inevitable, i.e. we may be in this market for long and it is not set in stone that we won't crash lower? Was it you who were advocating to average down? Do you still recommend this strategy or what? Not that I care a lot really, rather curious how quickly people come to realizing that things are a bit different in reality that in their imagination

I think the investors are waiting for official and clearer information, it's written that they were still fighting for approval and there was a slight chance that it would be accepted but we still don't know when it will happen,is it's normal that the market only reacted a little, we have in the same rumors a lot of time, so the investors now need a firm confirmation before investing

There still seems to be quite a bit of uncertainty and money on the sidelines to me right now with this bull flag we’re in looking pretty shaky. I’m personally not fully convinced we’re out of the bear market yet or past a bottom as this little pump up we had could break right back down again at any time, but we really won’t know for sure until we’re already past it. We’re certainly holding up pretty well as of now, though, and support’s managed to mostly nullify any attempts down from this flag so far.

you should always talk about price in percentage not in values like $100 because it makes more sense specially when you are talking about price changes. for example $100 in 2014 when price was $200 was 50% change but now that price is $3500 a $100 change is ~2% change and it is not even "change" in my opinion.
basically when it comes to bitcoin anything south of 10% can be safely ignored unless it is breaking some important price level.

Overall 4% of price growth in the bitcoin but still not convincing much of the people because anything less than 10% of growth is just a normal thing in crypo currencies and it will change at any moment on the opposite side.SEC approval might take the prices to  next level but not in long term effect.

Technically, you may be right after all

If we use such broad metrics as duration and scale of the drop. But I think we should pay closer attention to details, i.e. how market performs. If you do, you will start to notice major differences between now and then  In 2015 there was a lot of both demand and supply so the market was alive. Today it looks mostly dead, apart from irregular and sporadic bursts of activity, up to a point where we can call them convulsions and agony

I agree. The latest small increase could be ignored because actually it doesn't mean anything. This is still no sign of market recovery and has no effect or influence. I don't think that SEC approval, if even happens soon, will not change anything substantial.

Well, at least the lastest increase from the previous week is still here. I was surprised and I told to myself by Monday or Thursday it will be gone but look like not. Sure it's not giving us a positive signal to get Bitcoin back on track but a little effort has been done, better than nothing.
(Personally I don't wait for the SEC anymore since a long ago)

I think that rumour must have been responsible for the price pumping for a short period of time I assumed its just a bull trap the price has resumed its ranging moves as usual except a major positive fundamental news resurface the price of btc will pump again else the price will continue to consolidates.

I really don't see what you're talking about. Sure in 2015 Bitcoin made two attempts to break out over the course of 8 or 9 months, rising from low 200s to 300 twice, but we're only 3 months into the current bottom, and its not like there is some rule that the bottom needs to include 50% gain failed breakouts. And it is naturally to expect volatility to be less because volatility has and will continue to go down over time in the long term. The market is 15x bigger than it was in 2015, a bigger beast is harder to move.

And volume seems to be, even in lower periods during this bottom, higher than it ever was before late 2017, so again I see no reason to call the market dead.

Looks like a normal bottoming out process to me, similar to 2015. We should expect it to continue for months to come as the market slowly shifts to a new bull market, just like 2015.

What you are calling a dead market has so far during this 3 months bottom gone from 3500 to 4300 to 3300 to 3600 to 3100 to 4100 to 3600 to 4000 to 3300 to 3600, of course with smaller ups and downs between each of those. Price activity looks pretty active to me.

True, the first time I heard about the possibility of and ETF being approved I will admit that I was happy with the news but after so many delays and refusals I do not follow those news at all, if at some point the SEC finally decides to approve it I do not expect the market to move at all, it is my opinion they are just playing with us and seeing how much they can manipulate the market with news like that.

Maybe but we all know that every what happen in the market is depending to what is in demand in the market. But hopefully we see a green in coming days and weeks even there's no news. Let's observe the market everyday and let see if there's changes.

The market seems good and now a small forward price push nearing $3650, maybe the growth will continue crossing $4000 at the earliest. Possibly before the ongoing month it is predicted to cross and make the market flourish for a long term green trend. As of now small fluctuation in the market is taking place. People expect a sustained growth and fluctuations further on.

One or even a few positive articles will not change the color on charts from red to green. After such a long period of bear market, the situation will not change in a month. In my opinion, we will have to wait for a minimum of six months to change the trend.

It was not from low 200's

As it was more about low 150's (which was in February of that year) and 450's (which was in November). As you can see, the price rose almost 3 times in the span of 9 months, which should now be rising from 3k to 9k to look similar. It's unlikely we are going to see such prices in the coming months (though everything is possible, of course)

Regarding market size and trading volumes, you are obviously making a typical mistake by looking at USD volumes while you should actually look at BTC volumes if you want to make correct comparisons how markets perform now and how they performed back in 2015

this is a time when people should take a deep breath and forget ETF and BAKKT for some time, this will help people not create high expectations on ETFs because if the SEC reject these ETFs, people will be disappointed. One of the reasons why people no longer get anxious about this type of news is because they know that regulators are not going to approve things like ETF, on the contrary they are gaining more time to see how the crypto market will be, if somehow the crypto market will satisfy the requirements that they establish

Other people wait for the news so that they will able to invest their money. But they want good news not bad news because if they only see the bad news they will have doubt in their mind and maybe they did not invest their money to the crypto anymore. This month is really nice to see the market turn to green again because for sure if all people and all news positive market will increase fast.

It is a vicious circle of sorts

As soon as Bitcoin prices stabilize in a tight range for some time (which could increase the possibility of ETF approval), someone with deep pockets comes and moves the prices like 20-30% a day (either up or down), and then we are instantly back in the loop

On the other hand, the SEC itself as a board of highly experienced and likely as corrupt people may not be interested in doing anything apart from doing everything to keep things where they are. In other words, the SEC accuses Bitcoin markets for being highly manipulative but they themselves may be abusing it

I still keep on expecting for the green market especially in the year 2018 where I totally keep on expecting that market will recover and we can gain again. It's hard to see that if the market will become green in this month because every seconds, minutes and hours the color of market changed and it is totally normal.

I'm still not very optimistic about the market going green. Recently we've seen some slight price rise but that still doesn't mean anything and it isn't sign of price recovery. Many are disappointed by now because they were expecting that 2019 will be the year of new rise up for Bitcoin but so far that hasn't happened. You can't push the market in the willing direction and to my opinion the price will stay in the current range for a while.

Because, good news usually affect the market more than the bad news. When SEC was in government shutdown and the EFT got withdrawn because of it, we didn't see a large drop in price, hell we didn't even see any increase in the price at all.

Nevertheless, if ETF was accepted and approved you can be damn sure that the price would have gotten higher. That is why people wait for a good news, usually they are almost always late because someone learns about it and shares it on twitter and then it moves from there to everywhere but until it reaches the regular user all the hardcore followers already bought at the bottom. Or people who already invested takes advantage of it.

Hence, good news is usually a great thing to be prepared for since it really moves the price higher but it is almost always too late if you read the good news and not reacted already.

It is even worse than that

The "news" is typically already priced in before it even appears. This process is known as taking advantage of the insider information. Needless to say that this practice is almost universally considered illegal, but when money talks no one cares which grammar it uses

So if it ever comes to ETF approval, you can be damn sure people close to SEC commissioners will be buying frantically before the news hits the tabloids. If you are not one of them, though, you will always be a little too late to the party enjoying yourself with leftovers only

Not as vicious as the cycle of price we've now seen Bitcoin go through at least 4 or 5 times now. Yes, all the early days prior to Mt Gox should be discarded. Yes, even volumes and numbers of different individual traders should be counted. Yes, these months of stable periods should be looked at. But all this has been witnessed before, at different scales.

So widen the timeframes and we realise these up/down spikes are mere blips in the bigger cycle. I think SEC is a regular blip in that big cycle too.

And what's vicious in these cycles?

As they are not particularly different from commodities. For example, crude oil went from 140 dollars per barrel down to 25 dollars over a few years, but the SEC doesn't seem to be bothered with ETF's tracking the price of crude oil. In other words, we may need more stable growth (and decline, for that matter) if we want to please the commissioners provided they want to be pleased in the first place. But I think they are more than happy with how things are presently (i.e. neither here nor there)

I don't expect markets to be going into recovery mode yet. As I've said before, I fully expect sideways movement to be the dominant price action in the first half of the year.

To be honest, I think that we're still a long way off from the real recovery coming. The article that you cited may have some substance to it but these small articles aren't going to hype anything up, or trigger the market to go into FOMO like it did in 2017. We are simply still not in that stage at the moment.

Having said that though, I do think that we are in the zone for accumulation, and right now averaging out your buy orders will be the way to go.

I do expect that this entire year is a bullish year of cryptocurrency. Weve been through hard times especially last year which is i think the worst, and this year might be the best.

Lol. The market is green but there's hardly any significant growth dude. And so far, it's anything but bullish. I hope your right about the rest of the year but it's likely that this trend will be stretched at least for the first quarter.

I don't think that is the only effect on the price increase at the exchange this month, you have to know that there are rumors of bitcoin halving day that will occur in 2020 so it is possible that many investors have started to buy bitcoin again to prepare to withdraw profits when the bitcoin day halving occurs.

Its not a rumour, its set in the protocol as a certainity afaik.   Its pretty widely followed or known about, I'm not sure if thats the reason why it could be an influence now but possibly.     I would have guessed if the next block reward halves in May 2020 then that effect of anticipation before the news does not occur until Jan 2020 but hard to say.    We have a different arrangement of people in the Bitcoin userbase from last time block reward halved so it wont repeat exactly

If I google halvening I get as an answer: ETA 461D,17h,59m,30s
So its a while yet but visible on the horizon 8)

The market gain a little steady for this month of February but still this is not the green that what we are looling for. We are all hoping for a healthy fast run for the market movement towards prosperity but still it is too early to conclude as we need to see first of some of the development results if it will favor the market or not after the implementation.

it will happen exactly the same as the past two times because of a couple of reasons. most importantly the fact that the current very long bear market is going to make bitcoin ready for that kind of launch to the moon but also the fact that people are becoming accustomed to following certain patterns even if they are not real patters! as long as they believe in them, they will happen. like the long bear market which should not have happened but it did because people kept pushing for repetition of 2014.

This month of february when the investor are really waiting only the sign or good news so they will be able to  invest again their money to the bitcoin. But not only waiting we need to pump the market we need to people who buy bitcoin again.

Its happening for days now and I'm happy that bitcoin and eth was on the green candle again. Hopefully they can able to pump until the end of the month. So much expectation in this market since the bear trend and this kind of pump will give another hope. I look forward for a more green candles with a small dump.

I myself the victim of previous market crash, but still holding all my coins in hope that the market will very soon recover.

After the 2019 has started my hopes now increase too much. In fact I do not want to sell the bitcoin I have and conform the lost. I will continue holding my bitcoin tell the price will recover and will reach to $20k. I hope that time is now not too much far when we will see bitcoin price trading above 2000 Dollar.

I believe that seeing green all through the month as you rightly said will make your analysis one sided because, all through green is unlikely in the crypto currency market particularly at this moment that we are trying to pull out from a downward trends.

There’s no dump trend right now, and I think its been a week since we saw the uptrend again and it can be the start. I’m also hoping that it will continue to pump for at least the first quarter of 2019, and if we are lucky enough the new bull market will come out.

Market is never move to positive uptrend in all the time. Because again today market is move to downward and we will see the good result in future. Traders are little happy in yesterday result but current market is impossible to predict the right direction, so we must focus in every minutes in trading and long term relationship is still good in most of the trusted coins.

Dump trend can happen in anytime but now, bitcoin make good moves with the price and if the conditions still like this at the end of this week, then maybe the price can break $4k in the next month. We will be lucky to see the bull market comes. Meanwhile, we can buy more bitcoin right now while the price is down, so we don't miss a chance to sell when it reaches the peak.

$4000 is a strong psychological resistance more than anything else.
on top of that this price is the first resistance after a very long (more than a year) and big (nearly 85%) drop so naturally it will take longer and a lot of back and forth action before it can be broken but when it breaks there will be a breakout which means price will shoot up as people rush to buy back bitcoin seeing the reversal and becoming sure of it.

As I see on the chart (Bitstamp chart), there is a reversal from the higher price to the lower price, and it seems, the price starting to fight to break the higher price. But if we could break $4k in this week, I think the price will stay for a while in that price before it increases higher. We are almost reaching $3900 again this time, and it could happen in this day. I hope that people will not make a rush buy bitcoin because when the price reaches more than $4k, there will be a lot of buys and sell action and sometimes, there is a dump will happen.

from the article that you shared, maybe they were affected by the words in the article and made coins in the exchange fell because traders panicked and secured their assets, but for investors I am sure only a few are affected by such issues.

4k doesn't matter a lot

As we had already pierced through it a couple times after "a very long and big drop". So there is nothing particular about that stronghold as it is not a stronghold at all in the first place. On the other hand, 5k will be entirely different as it will likely add a whole new dimension to our understanding of what true resistance is. Since that very long drop, it will be the first among major resistance levels to fall, if ever (others being at 8k, 12k, 15k, etc)

This is speculative investment which depends on the mood of every investors and every time the price changes with the supply and demand of the market. We have now a little pump which gives us good news that a movement can created even without the approval of ETF. I think this is a good start for a better market which can attract more buyers once the price will continuously rise in the coming days.  

I don't think people are still excited about ETF, SEC things. But This week crypto pumps a little bit and the crypto market goes green! Actually crypto market is doing better in this month than January! So, by somehow, your prediction is almost real. This month we got some big news like JPM coin will be launched, JPM vs XRP competition hype, Tweeter CEO's tweet about BTC and so on. All these things may help to boost the crypto market this month.

This month and coming months could be a green zone and this will make market happy as people had  being waiting for the rise as those holding positions from Months now  will get a good relief and also a good sign as many new invessors might enter the market.

You`re forgetting one simple fact, in crypto you must expect the unexpected. When everyone expect entire month to be green, I feel a bear trap so be careful. When people are expecting prices to go down, its the time I`m buying. I never believe in what public says, what some proexperts say, wannabe traders, you can expect what ever you want from crypto, but in the end crypto will surprise us all, been there, saw that, many times. Just take it easy and follow the market, don`t believe in what others are saying.

I also thought that way when I read the news, It was on difference crypto papers but we saw several news that could cause a surge last year. More so the news never stated any possible time of approval, which more important. Some of these news I considered to be influenced by whales to cause a temporary surge in price. However, we have seen some green on altcoins and bitcoin in recent days, which could be giving us idea of the price bottom. I expect it to sustain it for a longer time into 2 or more months.

Seems like your speculation are going to becomes true mate ,since the market had started the green run couple of days ago,giving a chance to bitcoin hitting the $4,000 again,though it didn’t stay longer for a second time this day.but I am not losing faith that we will get the good recovery in this whole 2019

I can agree less, I have said it in most of my post that we are up for a bull run in crypto this month and we are going to see that happen from next week, we should be expecting to see bitcoin at $4950, ETH at $190, I can't say for the rest of the altcoins in the market but I am certain the time for the bull run is here already, the market correction is over.

I really do not think many people are waiting for positive news I am waiting for good developments, when I see the update coming for the ethereum network I cannot stop thinking that this is definitely a good sign and if it happens and there is not another delay then the price will definitely go up as people regain some of the confidence lost in the coin.

Similarly, I guess the market 'agrees less' with you on that. If Ethereum's fork process is done and over (around a day to go as of writing this), we might see a significant downward movement due to people not being given an airdrop they hoped for.

I strongly believe that the recent mini rally was caused solely by altcoins gaining value, and as we can see right now, and have seen in the past as well, it's not a sustainable form of growth at all.

This bear market isn't over and I don't think it will be over unless we push over 2018s support that kept the price above ~$5700 for such a long period of time, and even then, technically it could still be seen as a bear market.

Market already goes to green but suddenly the market turn to red again.  Only few days happen green market and after now the value again goes down to what the stable value of the bitcoin which is between $3600 to $3800. I hope soon it will back again green market and stay it for more years.

Seeing the green market is what many people want, although the ETF and BAKKT are very positive news for approval, we must bear in mind that we are still in the accumulation phase, there are still many bitcoins to accumulate, and movements that may be possible .

In this particular investment and market, I have learn not to be too hopeful or expect anything till it's happening.
How sure are they that the market will turn green at that time. I don't intend to buy more though,  but investors should be careful of using prediction to rushing into investment. There is always a possibility of it not coming to pass and then it will be a case of regret.

It seems to be that we are closing this month today and I have seen the market moves into green. Not that much though, along the $3800-$3900, but we can take it any time of the day. I guess everyone is expecting it to be in the $4k range, unfortunately though, we have reach $4200 levels but then again, short trading takes over pulling the price to -$4xx in a just a matter of days. Anyhow, we should remain positive that March will be a good month for us and hope to see the price goes on another rally, $4k-$5k will be very good price, so let's see how it goes.

It baffles me too seeing an already green market turning red again I think the price had reverted to its former ranging mark $3600+ as you rightly said, the only sign of pumping of the price again could be if there is any positive and any leak fundamental news related to bitcoin else I belief the price will still continue its ranging mode.

But did you ever ask yourself what this rally was caused by? That is, why they started to gain value all of a sudden while Bitcoin has only been hobbling behind? Or has it actually been so? Maybe, it just happens that Bitcoin rises 1% while other cryptocurrencies rise like 5% and it looks like it is lagging behind but without Bitcoin rising in the first place, they wouldn't make a move apart from their inborn "oscillations" to and fro. And when Bitcoin goes down, the rest of the pack goes down twice as much (and as fast)

So, what is the cause and what is the effect here?

You can simply say that it is normal to see the changes in the market. But, i think there are some person or group behind on that changes. Whales always control the market and these days they can make the market green or red. Maybe if we want to recover the market we need to support the price on market.

You cannot expect a green trend throughout the month, cryptocurrency is unpredictable anything can happen over a night we need to be ready to adapt any situation either good or bad. We can clearly see the btc is fumbling to prove its potential, as we are in bear market else BTC will be mind-blowing and hot topic across the world.

You are being way too negative there tbh, the OP was very nearly completely right and if I could bring up a monthly bar for FEB it would show as all green because it rose just like he predicted.  It goes without saying theres been tests along the way but it was a good call

https://i.imgur.com/ws8COxi.png


Ok top half is price, bottom is volume bars.    Each bar, 1 for every week of February and mostly its all green there.   Mission accomplished, OP deserves merit at the least :)

Yes. As per the prediction, we could see a positive growth last month. Even though, everyone expects to have a bull run, there was a healthy growth not disappointing traders, investors and everyone. March is about to begin. Hope to have a steady growth moving forward. Lets hope that the other altcoins value do grow up and have more legit ICOs come up gaining profits.

there has never been any legit ICOs and there never will be any because nobody legitimate is going to raise funds like that for some arbitrary project that depends on another platform to operate with some arbitrary and useless token that doesn't even have to exist! so it only attracts scammers and those who want to make quick bucks with a "gamble".

All hope that this month the market is green, though it moves slowly and will make the crypto look alive.
Slowly the crypto will run well and will increase, hopefully, a lot of positive news about crypto so it will move up.

The positive news of crypto was just spreading all over social media and also with other news articles online, but still red market was there. Ups and downs on price updates remained constant and unpredictable. We need long term patience in order to achieve the best increase of market price. Even how slow the market will increase at certain value, most important is we knew how to manage our holdings as we sell during profitable days will commence.

March will be a good month that will show us clearly which will be the move of the cryptocurrency market this year.
When this year started I assummed that the Q1 will determine the movement till the end of the year. Till new we are in a stable situation so I think that March will show us which direction we are going to follow.

Well, the February is over and if we look at it it was a on and off month. We did see the lowest at $3400 levels and we have seen above 4100 levels as well so it was both green and red. I don't know if we can call this prediction correct but I am sure we can't call it wrong neither, it was right 50% of the time.

We are moving to march now and march seems like it will probably be an uneventful month as well, maybe price will drop under $3.5k again, maybe it will move to $4.2k or so again, those are things we are used to now but I am 90+% sure that price will not be under $3.2k and will not be over $4.2k, it will be between those prices for the whole month. That is why I put up a buy order at 3.450 dollars and if it drops that much I will put up a sell order at 4.100 dollars and will make profit that way, small but still valuable during these boring months.

Thank you STT for the merits and opening our eyes through graphics explaination of the movement of the market through out February.  It is good you show us this in other for some us to understand that bitcoin was more of green than red throughout February.

At the moment a good bullish movement in Bitcoin is being framed, because it goes up with little volume, that is very beneficial, because it can take a good recovery rally, in the same way, we must be vigilant.

Eventually we will get one of the ETF proposals approved by SEC, that may not automatucally signal a bullish market.Wall street play the game by a different set of rules.The most important factor for a continuois green/bullish market is mass adoption of crypto globally.That is more sustainable

Only that one approval will automatically make this market better.

Somehow I'm expecting that the hype will get on once it's approve because last year we are expect to get approval and when it was denied
and purposed many times, the price was really affected negatively, hopefully it will change this time.

I really think it will not get accepted, just look at it they are always like this they always give hope that it will get approved but I really think that it always stays like this and if we are also getting a pump this year I think that it will not and we are still in a process of recovering and bearish market is here to stay, And in my opinion we should just wait for that bullish market to happen again and not this kind of article that would only give us false hope in the end, My guess will be on 2020 or 2021 that the bull market will start.

Well whales are always in this market and they will manipulate the market always. Even if the market go up in this month but it cannot be all green throughout the month. There will not be anything like straight up movement without any correction.

For those who think about investing, it is best to maintain, and those who speculate with the market, should follow the direction of the trend, no all the time we will be green, we would like, but it should be noted that with the bear market also can win, we can not go against the flow.

That's not really something to look forward to considering that the market isn't doing what people expect/hope it will do. It makes sense as well, because people are well prepared in that case and will unload their bags on the way up.

2017s bull run was so powerful because it popped up in our face out of nothing, and when people aren't prepared for it, they'll fuel the bull run by fomo'ing into the market at any price just to capture that exposure.

Important note here is that you don't have to wait for a bull run to profit. It's just as profitable to buy in low and sell 50-100% higher with a moderate leverage count. Waiting till 2020/2021 is just a waste of time and opportunities....