Bitcoin Forum

Bitcoin price (BTC) will soon increase again, but investors need to accumulate more coins before the second half of 2019, quoted Fundstrat Global Advisors, a market strategist on May 3.

In a statement to customers on May 2, Fundstrat analyst Robert Sluymer said that while strong signals show that the market is rising strongly, the accumulation of coins has not ended. The BTC / USD pair has risen sharply during this week to reach the peak of 2019 on Friday, continuing on the way back to position in November 2018.

Take advantage of the market adjustment period to continue accumulating Bitcoin in the second quarter of the year in case the market breaks the 6000 USD barrier in the second half of the year." Mr. Slyumer continues to warn there will be short-term fluctuations

What do you think about the above statement?

If there's something I've learned in the last 2 years concerning trading and concerning these so called "market analysts", is that I should never listen to these "analysts". Maybe listen to them if you have a thing with fortune tellers and magic crystal balls.

And how they see the process of accumulation of coins? To get a price increase someone have to buy BTC, to accumulate BTC (considering that all of those investors are not trading secretely somewhere outside of exchanges) you also have to buy it. So in this case the process of accumulating BTC would immediately trigger the BTC growth without waiting for anythinf else. So if someone is accumulating something then we should witness a price increase.

Most of us in this forum are either HODLing or accumulating Bitcoin as we know that the price of Bitcoin will go above the All time high of 2017.

Yes, the price of Bitcoin will rise because of Halving and FOMO and we can all expect it to set a new All time high by the end of 2019.

There is nothing new about the statement. If you have been following this forum daily, we all are discussing about Bitcoin price from the beginning of 2019.

If the upward trend in the market continues, we will be able to see the price of bitcoin at $ 6,000 more this month. Also, Bitcoin can grow in price over the course of the year, although we do not expect strong market growth yet. At the same time, buying Bitcoin or other types of promising cryptocurrencies is the right to choose each of us. Sometimes a coin or token can grow in price much higher than bitcoin. There are tokens that have grown in price by hundreds of thousands, and some millions of times.

We should learn from the bull run last 2017 where most of us have failed to accumulate Bitcoin at the affordable price. We've got a lot of chances to buy during the bear market so if you're a wise holder, you should have accumulated enough until the bull run. The strong increase of the market is just a positive sign that we could reach the market situation that we're all waiting for.

I'm sure that most investors are well-prepared for the bull run. Since they have known and witness how the market could change and move in just a short span of time, they have surely stored and accumulate Bitcoins and altcoins as their holdings. The 2017 trend now serves as a guide for most of the holders.
However, there are still investors who aren't well convinced that the sudden strong changes are the beginning of the bull run. They still want an assurance.

True , It is just like listening to those crystal balls ,
We shouldn't always follow them you should learn to know what to do on your own.
Those market analysts that just tells you to buy without even a good proof is just making some hype.
There is a reason why trading have a chart learn to use it so you wouldn't fall for those sweet talks about having a profit if you follow their calls.

When i want to invest in anything, i follow my instinct as i don't listen to these analyst. They maybe wrong, they maybe right. If you want to invest in bitcoin, do that because you willing and ready to take the risk, not because of what an analyst said. We have seen these analyst make wrong analysis in the past, so we just need to be more careful with these guys.

The 2017 bull run was a rare event and there is no guarantee that such rare events will repeat after regular intervals which is good since inorganic growth is bad for the crypto ecosystem on a whole.

The organic growth of BTC at present is what we all desire and that is how it will stay most likely. Forget these analysts and their predictions.

These analyst should for once allow people / investors invest their money in something based on their own decision instead of always coming up with analysis which is always 50/50. In the past i followed these analyst and later realize they just speculate and say things based on their own understanding. In the end we alone own our investment and should take decisions on our own.

I think with their "analysis" they hope to push people to buy BTC to accumulate while they dump their coins.

I think if bitcoin can break, this will make the market better. fluctuations are normal when the market starts running. I'm sure if bitcoin can reach 6k in Q2, and maybe in Q3 the price will go up high and almost all altcoins will increase

I think also bitcoin will reach 6000 $ this month, and people should accumulate not for only 6000$ but for longer time, and they always should invest only money they don't need, because until a bull run will come is good to hold and wait.

First of this topic should be moved to speculations and not into Bitcoin Discussion.
Second, predictions are only predictions my friend. But those give some incentives on peoples investments as for new investors to show up and start buying just because someone "said" it will reach a specific price.
That's how pumps start. But take aknowledge on why the price rises and lowers before taking any immediate conclusions.

It's great when you think like me. And those who believe in Bitcoin always believe that  :-*

You know one thing every day that we yell we have a bull run coming, we're not gonna get there that early because te market generally hates that. All people thinking same can make the price tank again...nevertheless, we'll rise up

Higher volatility makes TA untrusted but again it is still good to have an analysis before investing. The price can go down or up and its up to you whether to buy more now since everyday the price are getting stronger. We can break the resistance level on $6k if there’s a more good news, or if the right time has come.

Well, according to Wyckoff's theory, I rely on analyzing the market and now the market phase is in Accumulation for a long time, now at $ 6K it is taking a value or entering the corresponding phase, but it can rise even to $ 9ky it is still in the accumulation phase due to the area of ​​opportunity that is there.

I do not follow predictions from others, but if we analyze the market, we should know very well that at the end of the accumulation stage there must be at least 70-80% of accumulated Bitcoins, but the fact of accumulating them before $ 6k for me does not have It makes a lot of sense, because in the same way it can fall again.

Bearing in mind that Wyckoff's theory establishes a Spring zone, there is a good chance that this area has been given or is about to occur, although it may vary, but in the market nothing is written, and in Crypto everything is possible.

It sure quite is. I wouldn't say TA is useless with cryptocurrencies, but TA is far less unreliable with cryptocurrencies compared to some other stuff like stocks and other assets.

you should have accumulated when the "wise money" was accumulating bitcoin when price was at the bottom in the $3k range and now is the time to sit back and enjoy the rise. but most people chose to ignore the reality back a couple of months ago and instead believe in the FUD and stay panicked and out of the market and now they are paying the price by being forced to buy bitcoin at a >75% higher level compared to the bottom and this will only get worse as time goes by since bitcoin continues to rise. $6k will soon be history too.

Exactly, smart money was buying all throughout the bottom in the $3000s. Smart money may still be buying, but certainly there are plenty of people (most people in the market in fact) who were too afraid to buy at the bottom and need to follow this advice and start buying now. Bitcoin will likely pass $6k before the end of May. Of course that doesn't mean it won't be a great buy afterward, but in these early days of the bull market people should be buying in as soon as they can, because as a general rule it will only be higher for the next couple of years as this bull run slowly heats up.

I think BTC will surpass $6k before the month of June 2019 since most indicators are getting bullish on it right now. I guess most retail investors are building up a FOMO attitude that could be contagious and could lead to BTC's massive surge in price or even reach its previous ATH soon.

I wouldn't be expecting new ATHs anytime soon. Remember it took a good bit over a year in the last market cycle after bitcoin broke out of the bottom for it to hit its ATH. We're barely more than a month into the bull market now. I wouldn't expect ATH to be surpassed until second half of 2020 at the earliest. Bitcoin has only gone up about $800 since its spike out of the bottom of the market 5+ weeks ago. It's not going to suddenly start shooting up thousands of dollars in a short period of time. I think we should expect a slow gain to $10k this year, and a slow gain likely above ATH high next year, and then watch the madness of another market boom in 2021.

In a way I think he is right but the problem with such predictions is that it always seems like the movement is imminent and no market works like that, an asset with strong fundamentals can go down for months or even years and most investors do not have the patience to hold their assets for that long, so only buy bitcoin if you are absolutely sure you can hold until the recovery happens.

It's pretty obvious that you don't need to be a rocket scientist to know that this is a perfect time to accumulate because the price is currently cheap.

And I don't know why people are not taking advantage of the situation though. And then you will hear them bitch around saying that bitcoin is too expensive, blah blah blah.

They have given the time and opportunity, if they don't like to get in, then it is their loss.

I don't trust Fundstrat since their last year predictions that were completely wrong.
They are just a bunch of monkeys,that keep watching the charts,and if the bitcoin price goes up,they start with the "it will go up" predictions "based on their analysis".I've never seen any good Fundstrat analysis so far.

Again with this Mr. Slyumer making some words and predictions but somehow this is realistic and plausible compared to those other famous people who do
keep telling or making exaggerated predictions.Basing on the observation we do really see some recovery on the prices but this isnt really a guaranteed thing that
we would able to break out on next quarter of this year.I do rather believe when we do able to reach up halving then we would able to see significant increase.

I don't think they have made any "predictions" ever!
all they have always done (specially with Tom Lee) is making statements to make the news so that their name can be heard. there is no analysis in any of their statements either, they bring up some reasoning each time that most of the times don't even make sense. it is just the new form of advertisement that is becoming popular these days.

They've been accumulating since we hit 3.2k. Any smart investor that had Bitcoin under their radar took advantage of cheap prices months ago. We could argue about how even the current price (5.8k) is cheap considering that it possibly go up to 20k again, but to maximize profits, the smart thing to do is buy while is cheap, not on the way up.

This statement is for the new investors and not the pro investors if I may say, everyone knows that bitcoin has already dumped so hard and has bottomed, so these recovery stage is the stage of accumulation, if people don’t invest now, when will they start investing.

So, I strongly believe that he doesn’t even need to remind people before they know that we are in the accumulations stage and we are all trying our possible best to accumulate as much as possible, but we cannot do more than our power, we just have to wait for the ones we have invested to mature in future while we leave the rest to the newer investors.

I don't understand why some people still look back at the $20k peak and think it has much importance. It was reached while we were going through a massive ICO bubble where it didn't matter what price people bought at.

All people cared about was to buy $10k worth of Bitcoin or Ethereum and convert it straight to whatever token people were interested in. The price of Bitcoin and Ethereum didn't matter at all.

Right now the price does matter because there is no ICO bubble. If people buy Bitcoin, it's purely based on Bitcoin and nothing else. In other words, if we reach higher levels, it can be seen as a new all time high based on legit demand.

I agree to an extent. I don't know why people talk about $20k as that is the thing to get back to, when in reality the last peak is the starting point for the exponential gains to begin on the next bull run. So looking to get back to $20k only makes sense in the context of after it crosses that the real gains will begin.

But to say the bitcoin and ethereum prices didn't matter at all is a bit silly. Those were the main two things people were watching, bitcoin first and foremost of course. Sure ICO's were a big part of the bubble, but its not like bitcoin's rise in 2017 wasn't real or didn't matter because there was an ICO bubble. First off the ICO bubble meant an exaggerated bubble for Ethereum, not bitcoin. Bitcoin was just normal bitcoin bubbliness. The ICO craze helped bring in people to crypto which contributed to bitcoin's bubble, but that's just part of the market. To say all people cared about was buying bitcoin to convert it to a token is simply not true at all. The token was never the end goal. More bitcoin, or more Ethereum, was the end goal. People didn't care about the ICOs, they cared about the gains in Bitcoin or Ethereum that they could get by buying an ICO, and selling it a hundreds of percent profit in a short period of time to get more of the main things: bitcoin and ethereum. So that directly goes against what you are saying. Bitcoin was what people cared about, ICOs people didn't care about, they just wanted the profit. Which is no different than the trading that has always occurred in the market.

No. Analysis actually works with cryptocurrency too, it depends on how the analyst understands and able to interpret it, there are some stages that TA works for and there are some stages it doesn’t work for, take for example long term cryptocurrency investment, TA will never work only fundamental analysis can be used to predict the price of bitcoin for long term.

For short term trade, technical analysis works as much as it does for forex trade too, they are no difference, if you can use TA for forex trading and stock, then you can use it for day trading in cryptocurrency too. So, you have to learn to use it well, I have been using it for my day trade and it’s been working.

The market has already broken the $6000 barrier and now we are going to expect a bull run in price of bitcoin and other cryptocurrency in the market that has great potentials, for those that haven't made purchase of bitcoin already should try buying as much as you can purchase because you might not see the price of bitcoin in this current price anymore, so it's good to be a partaker than to be one of those regretting why you didn't make purchase.

I think it is still quite early to get bitcoin, I know it looks like 6400 is the level where it is too late to get into bitcoin but remember those people who got into bitcoin at 10 thousand dollars and sold at 20 thousand dollars. We are still at early stages of a bull run and we can go way higher than this price.

Also, right now the altcoins are still trying to shrug off the shock bitcoin caused and most of them worth less bitcoin while worth same dollar which means given enough time they will worth more bitcoin and more dollars in the end. That is why you can either invest into bitcoin right now and still make a lot of profit or you can invest into an altcoin that you trust and make even more profits. Just because the price is on the rise don't think you are too late, even the people who bought at 20 thousand dollars will profit one day.

Price rose up to $6400, it must be the start of bullrun, somehow price will always dip before pumping again so you can buy every time this happen. I don't know what Fundstrat said in the past but all those that predicted BTC will rise up again are correct. So accumulating little by little ain't so bad of a strategy.

I have been doing that all 2018, I had to cash out some of my bitcoin because of some family urgency stuff and at one point I was so poor because of those things that I literally didn't know how I would eat dinner but with careful calculations I have managed to make some savings and right now I am doing much better, I both have bitcoin saved up on the corner and keep earning more and more bitcoins while not spending all the ones I have already so it means I am going to have more bitcoins the longer I keep working but at the side I also get other altcoins and airdrops and ICO's and all that which worth really not that much right now but I believe they will be one day which will make me super rich (hopefully). So I definitely agree with this post and believe bitcoin will be not only over 6 thousand dollars but will be over 10 thousand one day.

I think and always will think that TA is complete and utter bilge.

I am more inclined to believe in the psychology of the bubble cycle and that's what people should pay more attention to. Psychology is universal and infinitely more predictable than the next two minutes on Bitmex. If we do peak again in late 2021 ish I'll be a full believer.

The bloke's advice seems fine enough. Looks like he didn't expect this rise either.

If people buy BTC from the moment I write this article, they probably have interest now.
But with this market and especially the Binance floor not yet for the Deposite and withdrawing, I think when Binance opens again perhaps the price will go down. What do you think?

We are enjoying it when the BTC has reached 8K. And I believe it will be down 7.5K when Binance restores the features of the exchange after being hacked. It will then turn back to 9K2.
Do you believe in that?

As a result, your judgment is quite accurate. and so far it has proved you right. I hope and also really believe it will continue to 9K2 in June

I have invested in Bitcoin but not much. And investing in floor tokens such as BNB, HT, KCS or BIX.
What do you think about the future of these floor tokens? Give me and those inexperienced helpful tips. Thanks

Today we see Bitcoin price has returned to 8K. But what is going on is probably not the real price.
1) The Binance event is hacked, resulting in closing deposite and Withdraw will lead to price manipulation. Do binance is the largest trading platform
2) The return of the media is not large enough
and Bitcoin prices this year will only fluctuate below $ 10K. That is my judgment

Let's go back to the time when I wrote this article. If compared to reality, should it be worthy of reward points or compliments ;D ;D

I'm sorry for those that are still wasting, though I do know that everyone is not meant to be lucky in this, there are people that are meant to fail and that's it, it's how it works. There are even people that wouldn't invest till reaches the peak price and they are the ones you will see later on who will come to the forum and be complaining about the price and talking about another bull. Even right now, I'm not afraid of the price falling back to $6000, cause even at that rate I will still have something to take home with me. I have taken the risks and I have been able to have the patience for a long time, which I will still continue to have till I reach the end of this bull.

Never, many people talk about all the money they are going to invest once an asset reaches the bottom and yet they never do, and the reason is simple they are afraid that if they fail they are going to lose everything they have worked so far, and while that fear is understandable they never do anything to push those fears away like learning more about this market and other investments.