Bitcoin Forum

In the last two days Bitcoin has decreased and even reached prices below 10k, but could this be the beginning of a great pump that will soon happen?
or is there really a more realistic reason that affects the current price decline?

For me it seems like bitcoin will remaint stable and great pump will not happen very soon dude. it looks like this is a response to the latest bull trend to the bitcoin and this is a bulltrap.
Bitcoin has no reason to create a big hype right now and it's still waiting for the best moment.
You can see that there was a lot of bad news right now in the various sites.
https://cointelegraph.com/news/3b-ponzi-scheme-is-now-allegedly-dumping-bitcoin-by-the-hundreds

now bitcoin price run above 10K USD again, and thats mean this is not a bull trap my friend
but only a sideways trend on crypto market  ;)

It could be, the same pattern as we've seen before the price skyrocketed. But don't assume that and let the market work the usual way it is. Everything that starts to fall will have its retrieval and recovery so I believe that it will go up but I'm not expecting too much.

Stocks?

See this one and it might changed up your own insights.

Interesting chart, but the chances of breaking out of the triangle in either direction are far greater the 3rd time, compared to the previous 2 tests...

many people are wrong that the present bitcoin surge is bullrun,to me the present bitcoin price is normal for bitcoin since this year took a different turn for crypto world,many more investors came in and invest of bitcoin and many bigger companies too,btc price is stable for now and i believe that the next bullrun will be bigger than what weve seen in the past this is why i still hold on to my altcoin portfolios

This is what we call a recovery, from $3200-$13k so it's not really the bull run that we are anticipating. But the good thing is that we have bounce already and looking forward for another great end this year, not expecting another all time high, but at least around $15k.

For if we are going of a great pump similar to 2017, we need to wait till next year. 2019 could be just the start that's why we haven't seen such huge pump and the recovery took us five months. The massive pump could be after the block halving in 2020.

Why do you think there is going to be a massive pump? It can happen. But it can finish like Litecoin. Halving block or whatever should not be an excuse to make the price higher. It would just be a pump and dump scheme.

nope no pump. alts will drop lower.
the mechanical price influence of btc is too high. when btc drops alts will also drop.
that the growth of alts is low is because of the invisible selloff.
coins lost a lot of worth in sats. to correct that when it falls is for me unlogic and wont happen.
this would need a very big resistance. coin history proves that this is impossible.
it cant hold such a high price influence. there is a lot of money needed to flow in alts.
dont be stupid. it wont hold its position and investors in btc are loosing patience.
cash out wait and cash in when alts are bled down to zero.
then you make a smart desicion.
its crazy to believe in a pump now. dont get influenced by hopium or you will loose.

Since i have been trading in the crypto currency markets one thing that i have discovered is that the market is extremely volatile and it take a lot of careful observations for you to be able to trade in it. If you are intelligent? that is when you can make money from the market, but if you see the current bearing market as dump then you may need to spend time and learn what has been happening so far.

A pump will happen again for sure, but not a great one, and definitely not the bull run everybody thinks will happen. This is what now the 5th or 6th time even the famous trader influencers will say this big bull is now on the rise. But we'll see many many more cycles of pumps and falls.

Realistic reason. Constant profit taking above 10000 is my thoughts.

As of now Btc is consolidating the price so we can expect once btc cross 15000 dollars then btc may cross 20 thousand dollars by next quarter as per experts analysis btc may touch 30 thousand dollars by year end

But the problem is we don't know when the price can reach $15k because the sign does not come to the market. We will see another pump for bitcoin price, but I don't think that it will trigger the big pump like 2017 because I see that bitcoin still difficult to break the highest price with fast. But bitcoin has a chance to increase more than $20k although we don't have any clue about that. I am sure that many people still waiting for another pump.

Since bitcoin started to increase and decrease in price, there has never been a realistic reason that anyone could find that would lead us to that factor that affected it, many of us has just been speculating and then predicting based on our intuition, but I know that I have heard of some projects that are going to be launched such as Facebook, gram, china crypto and many more, I don’t know if these news are strong enough to have affected the increase of bitcoin.

The only FUD news I have heard of recent is that of trump on bitcoin, and it did not really affect bitcoin vale, but anytime the bitcoin value is always affected, we usually do not get that much reason why it was affected negatively and positively. Our main concern should just be how to always buy low.

you mean a bitcoin pump or an altcoin pump?

if bitcoin pump then no because bitcoin can not be pumped. i just said it in another topic, but the days of pumping bitcoin have been over for about 6 years now. all we have now is real rises that only happen due to adoption.
this recent drop was just another sign that the accumulation is going on.

if you mean altcoin pumps then i don't think so because bitcoin is about to break out and that rise is going to to cause a lot of altcoin dumps instead. that is what always happens during bitcoin rises.

It is senseless to guess whether the great pumps starts or not soon. I do not see any visible reasons for it. There is a great probability that we will have the Moonrise of several cryptocurrencies in 2020. The BTC halving and Ethereum 2.0 launch are expected. It seems like the cryptos are ready to wave slightly for a long time again.
Day traders (the experienced ones) can use this moment.

No, it doesn't seem to be the great pump. Altcoins were starting to make some gains against bitcoin, but it didn't last very long. Bitcoin is still the favourite for the speculators. But i don't think bitcoin can do a lot better for its dominance compare to altcoins. We will see what is going to happen. But the current crypto market does not look very good for current altcoins. Bitcoin needs to fall down to really see an increase of altcoins. Current bitcoin dominance is 69 percent. Dominance of 70 percent was its maximum. If the current pump is made by altcoins holders, bitcoin increase won't be very high. Maybe it can reach 11000 usdt?

As usual the decline in the price of bitcoin is influenced by FUD or negative issues spread to create panic.
bitcoin cannot be stopped before halving, I think the increase will peak in 2020.

I think we're in a period of uncertainty right now. There has been a mini price drop, but the good news is that this was recovered quite quickly. I expect some more tests, both upwards and downwards. It is encouraging though if there is a downward movement that is quickly recovered - that suggest we have solid support here and can push upwards to higher prices.

Today is 20.08.2019 (5 days after the OP post). And It seems that BTC is trying to break 10800-11000 resistance at the moment and alt are going down again. BTC dominance is above again 70% according to tradingview.

I believe Bitcoins price will mainly stay around $10000. It can go higher or lower, but i doubt much and for long. It an stay like this till end of year or even longer.  But I could be totally wrong. We can see some trade and currency wars and price can pump high fast.

it always a great news when every time bitcoin pump constantly. But unfortunately no one knows if it will go further because of some factors that always occur suddenly .  I suggest don't expect too much mate and always be ready to jump out 'incase if it plunges back again 'cause you know opposite scenario always happen without knowing . so always think for your saftey because that's the most important nowadays.  Expect the unexpected!

A pump of altcoins will need a dump of the price and dominance of bitcoin. We can see that the dominance has fall a little after the dump. It means that the pumpers are using altcoins to pump or dump bitcoin. The market is going to be stable until more money is poored into cryptocurrencies or leave the cryptos market..

There is no pump yet and I think it will happen when we are not expecting it.
Many times bitcoin dump and recovered, even today, bitcoin is down over 5% which is huge, but that has been a normal trend in the market this year.
So after this dump and bitcoin will bounce back, please, let us not expect that it's the start as it could follow the trend again or move sideways again. 

Today we again saw a retrace of ~4%, although it is not pleasant to see such movement BTC still is trading in patterns which allows the bullish scenario to play out in next weeks ,if those scenarios are broken then btc and whole market is in trouble. At that point, i am out till the next cycle starts.

Really? If all the bad news and negative issues really had a strong effect, should we not be seeing Bitcoin drop even further below the current price? If you think about it, 10 thousand dollars is a lot of money for Bitcoin, even with all the bad news surrounding it every day. I bet people in banking are wondering what they need to say about it to make it go down even lower.

Any surge in price of bitcoin was an opportunity for it to continue to break barriers, but the life span of that surge is being shortened by most of the people that are doing shorts in the market, so they always pull the price down, but you know that it will get to point where as we grown, those who are doing that will be missing the opportunity to buy back when it surges back and the we see that one day, one big money that enters the market will make it to rise further to break those barriers.

I don’t think as a long time investor, we should jump out as you said when we see the price plunges more than we expected, because every plunge is a gift to some people and those people are the ones that will buy the price back to make the market normal again.

The problem of decline in price of Bitcoin that occurred in a last two days, is common in crptocurrency trading.we must believe if Bitcoin has an influence on Altcoin that exists today. it doesn't take long for bitcoin to reach good prices anymore.

We are rally expecting this to happen, I think one of these great influencer once predicted where FOMO value will start from and he predicted $10k, bitcoin had actually reached that $10k and the FOMO actually wanted to happen, but the bears was just too strong that they pulled the value back down from $13k plus, but this time around, I think now that we have some of those investors that likes doing shorts a lot or panic selling leave the market.

The real FOMO may start from this $10k, but we just need a little pump to kick start it, we need a very rich investor to just put in some big amount of money, so that the value can drastically increase and then attracting ever waiting investors to start demanding for more of bitcoin which will make it continue to rise till bull run.

The market may be acting weird because of its volatility but it is normal in this kind of market. People should not just believe in any article or news saying negative about of the market, they must have to do their own research. FUD is created by those people who have the power over the media and is a bagholders too.

Why on earth do you think so? This summer, after a local maximum of 13K7, Bitcoin crossed the 10K price several times. Why has FOMO not started at 10K before?

It seems to me that today the cryptocurrency still has enough problems that need to be solved in the near future, before dreaming about the daily use of cryptocurrency.  Of course, if cryptocurrency is in demand, then its price will rise, but in order for cryptocurrencies to be in demand, their main problems need to be solved, and this is security and scalability.  Not always negative statements about cryptocurrency affect the price, since even speculators themselves are good at manipulating the market, causing harm to so many projects.