Bitcoin Forum

Bitcoin rarely has this much activity. If you look at the graph, it is being traded more and more since December 2018.
https://i.imgur.com/heSmelr.png

This just shows that somehow, there is some form of acceleration going on within the interests of people in the said cryptocurrency. And it's a good thing seeing that we've got nothing but lows and lousy trading action for the past year. Also with an increased volume on exchanges and not that much push happening on the price, it could only mean that people are already accumulating a lot of coins in their arsenal, which could signify a push that is just around the corner. I'm eager to know how will things develop in the next coming weeks, assuming that this turns out to be a positive indicator for the market.

I'm not really sure if a push is around the corner considering that an accumulation phase could take much longer than people expect, but the boost in volume is quite a positive signal. In the end, volume = interest, and interest is what we need to bump whenever we're ready for it.

I do expect a few more $4000-$4200 tests before we break it for good considering that we're in an ascending triangle and do the same thing we did last year, but then in the opposite direction within a descending triangle. Last year we were continuously testing the flat support level, this year we're continuously testing the flat resistance level.

If you test the same support/resistance levels over and over again, they'll break, and in this case I expect it to be a positive break.

No idea what velocity is that you're talking about (volume?), but it is indeed true that volume's risen since BTC nosedived off $6k and failed to make a quick recovery in late November. There's been plenty of volume on exchanges recently, more than before we dropped from $6k though there've still been some days where volume has slumped a bit like Mar 2 for example.

Alts also seem to be leading BTC upwards recently and just might be what leads BTC towards and past $4000 soon. LTC's back at Feb 22 prices and is trying to break $55 (Finex price) yet again, perhaps successfully this time, and ETH also helped lead us up and out of the low $3000s we were in earlier in February. Pretty interesting considering BTC was mostly leading alt price movements until recently when things seem to have flipped.

In the middle of this, someone predicted that we will see new low ($2k or $1.8k) after we break the $4.2k resistance. I don't know how they arrive at that conclusion but I'm pretty sure if the momentum keeps on going like this, that would likely never happens.

Velocity is a percentage (%) of available supply being traded in the given timeframe (e.g. 24h).

Means how actively the coin is being traded

I think so too. From the chat, the volume of trade recorded even when price was up there is quite high. People never expected this crash and I believe that is one reason "unbelievers " ;D are more like selling off what they have.

Don't worry, it won't and since most everyone was speculating while making a new conclusion that would create a new FUD just because they say. I believe it won't matter since there are whales and we got a lot of people adapting Bitcoin just by looking at that source. A $2k might be possible but $1k+ is too far from the truth.

Many of us believed already that Bitcoin will survive after all of this bearish trend and those who quit is not our concern since they were too naive to think Bitcoin would really die just because someone said it.

Blockchain technology will survive, there is so much adaption going on.

It is not necessary that bitcoin survives, there are other cryptocurrencies

Bitcoin is already dead many times as what other said but until now bitcoin still survive and I think there are many people right now entering on the crypto and developing crypto.
More stores accept bitcoin as payment this coming months  that I think well help bitcoin to survive and become indemand again as what happen last year.

We will see bull market again with bitcoin because the blockhalving is coming.

Yes I have noticed this since the beginning of the year and that's is why I concluded that there would be a bull run in the price of bitcoin in no time, I know the price hasn't been increasing lately but I am sure that within the next 2 months there would be a significant increase in price that might go to as high as $5500, then we should begin to see a break in price after then that might drive the price of bitcoin to $10,000.

People were taking advantage of investing crypto coins (not just of bitcoin alone) since prices are still in cheap. It is really a good start for everyone and thinking a huge profit once market shows bull run. If we can imagine, the recent price is a little bit high than of December, it this means that if we buy Bitcoin last December absolutely we are gaining right now..

It’s will be of more benefits to us if such activities can continue and also increase, it will gradually help push the bitcoin market out of the bearish trend which I believe most people are beginning to see the light in it for this year, that is why more coins are being acquired and also traded in preparation for the BULL RUN, personally for me too, I Have been trading the coin since around that December too using it as a medium to acquire more bitcoin in preparation for the BULL RUN because this time around, I need to take serious advantage of this BULL RUN market when it comes in preparation for any future BEARISH trend.

It just shows how many wants an easy profit thru crypto currencies.

We are already wiser than before and not jusy relying on our day job.
I think there are more people who are eager to make money now by themselves.
It is a good thing though for the market since this could be also the way to be seen more by the public.

As the market has begun to show sign of rise the trading velocity of bitcoin has kept growing. As the price fluctuation of the market is continuing expect further increase of the trading velocity causing more and more growth in the price of bitcoin. Market varies without any prior indication, upon which anytime the scenario could change. Bull run trend is always dependent on these factors.

the rise is inevitable but I agree that we can see multiple tests of the resistance at $4000-$4200 before it breaks out. but the thing about bitcoin price rises is that usually they break all expectations. for example at this point the market is so ready for a big rise to happen, there are literary thousands of people waiting with their money ready to jump back in and they area only waiting for some sort of signal. a small "ignition" can kick start the rocket and we can see $5500 in 1 day.

I'm not exactly sure what velocity are you talking about. I might just not sure to my understanding on your topic, but as I understood about it the Bitcoin trading velocity comparing to last year which is 2018 were at the present time we have in the price of Bitcoin, was actually good so far. Though I'm wishing this will continue going to bull run in the future.

I believe that price increases will only be a matter of time before things start. Bitcoin is the center of this market and if only a big news is needed, this market will enter the uptrend stage. Maybe people are feeling hard at this point but if there is faith in it, it will certainly turn into reality.

I don't know if $2k is really happening in the future after we reached $4.2k but one thing that I can think that traders will be in panic mode. They will do fast sell bitcoin to back to usdt or usdc and wait for another chance to buy bitcoin at the lower price.

But if we check on the chart, maybe bitcoin trading has a newcomer that would like to buy and sell like us so they can also make the profit. This year will be a good time to buy bitcoin for them because the price is very low depends on the last year. And after they buy, they can expect the history will repeat, and they can make a lot of money from bitcoin.

I guess it's because of the price, maybe those who didn't have the opportunity to buy when the price was some what higher last year November and above. People especially day traders to good at taking opportunity when the see one.
And again, with the way the price is going it may hit $4k+, nobody wants to miss out.

4k will happen this weekend. If not, I am giving my merits to charity

But the price is stagnant and can remain so for many months or years. cryptos are taking a long vacation and even many analysts who liked to make very optimistic forecasts, they stopped making those forecasts very optimistic. the price will not rise so early


they choose any random number from their heads

Rise in the trading volume has lots of positive effects on the Bitcoin. It is something that give rise to a rise in the market value. It also helps motivates the investors as well and thereby leading to a rise in the market capitalization of the coin.

So in my opinion, rise in the trading volume will not let Bitcoin’s price fall so low because history is evident that every rise in the trading volume has been instrumental in giving rise to high prices.

I believe that those who want to make money in day trading might need to look at the benefits that could be reaped in the long term trading. The long term profits are often more big and last longer than the short term. In addition, the long term trading is instrumental in giving away experience about the cryptocurrency market and this is very helpful in future as well.

Charity works are not bad things to do in the world. Our communities need them badly but not at the expense of your portfolio. You need to wait for more than a week. May be a month or more than that but keep in mind that if you hodl now, by which I mean that if you do not trade the coins for low, you would be able to withdraw with high margin in the days to come.

Nah! It can happen anytime here on this kind of market or just like a typical day for crypto where there are really times that those kind of gradual buying or traded volume
increases but who knows if the momentum would continue or just simply break on an instant but still a good image on the eyes knowing that
it is increasing but we shouldn't expect too much.

I don't think that Bitcoin doesn't last long, but I see Bitcoin travel is so cool that this is a provision to always survive, the more people know, the more people who enter to invest, Blockchain and Bitcoin may always be on this earth.

For the price issue, I don't see it becoming a reality, in fact the market is getting stronger and trying to pump several times, now it needs more encouragement and news to convince people to invest by eliminating the fear of setbacks again.

yes its posible for the value to go down again to 2k usd if ever whales decides to dump the market and your right , that can cause panicking because 2k usd is not not usual anymore  .  

you dont need to give your merits to the charity because merits only work on this forum , it wont work offline  .  besides , 4k usd did already happened last day and im sure that it will be back again this incoming weeks .

the market situation is very uncertain, it is very difficult to guess that it takes precision to be able to predict prices. so don't ever think negatively about the value of crypto because the demand of business people can suddenly rise. if we see that in 2019 there is a possibility that there will be a surge in prices if the world economy has recovered from a temporary setback.

I would treat that also as a normal day for bitcoin because expecting too much from that situation will give anxiety and stress if your expectations are not met. But knowing that movement is also nice of course. Don't just make too much assumptions for the future.

This is even still low compared to what is expected already, The market condition is really the one keeping lots of activities still in the market because majority of investors and the ones that are yet to get into the market are closely watching first to see the direction the market will take before the middle of the year.

Lots of people invested already in 2018 with the high hope that the year of another bullish Market is 2019, while these little activities you are seeing now is ones coming from traders, by the middle of the year, the current record will multiply by 10x I am sure.

And what assurance do we even have that the whales we have all been talking about are really still in the market because looking at the activities of the 2017 when bitcoin was low, the sudden jump in price was as a result of whales first activities on the market and their last activities was the one we experienced sudden dump which crashed the price of the BTC to all time low.

Hence, if they have entered the market again after then, we ought to have seen another sudden pump because this is how the market is being manipulated.