Bitcoin Forum

That was really bloody surprising. I expected a pump but in the ends of November or start of december. No one expected a pum from 7500 to 10000 in a matter of hours and I was honestly shocked when a friend told me about it. This may have some shady background about it, not sure about it though. It's way too unexpected for the pump to suddenly happen without anything shady happening about it.

Back in action.


Cryptos Are Exploding Higher, Bitcoin Up Over $1,000 In Minutes (http://www.freedomsphoenix.com/News/270624-2019-10-25-cryptos-are-exploding-higher-bitcoin-up-over-1-000-in.htm)




8)

Oh shoot I was just sleeping when this happened. Is this an incoming bull run?

Nevertheless, isn't just too early?

. Anyways, time to buy a lot of bitcoin when it drops it might be for crypto currency this 2020 though.

I can't believe it, what is happening. There must be something fishing about this because sudden boost in Bitcoin's price is not a good thing. Look at this, we already cross $10,000 is just 10 hours!. I was shocked when I woke up and saw the notifications in my phone exploding. Maybe some whale is trying to play in the market, we might see a correction soon.

Something must be going on, the increase in the price is too sudden and too big to be a natural occurrence, there is only one explanation that comes to mind, bitcoin is getting ready for another bull market similar to what we saw at the end of 2017 but I find that hard to believe, also the most recent movement happening during the previous hours has affected bitcoin and other copies while the rest of the altcoins have not followed the same movement and that makes me suspicious.

There are links of China news regarding this, but how come it became too fast to take effect in cryptocurrency prize. We're not sure yet what's really behind it but this shows how cryptocurrency can be in just an hour when people uses it or if true the news about China then when government accepts and gives credit in cryptos innovation.

I was also surprised of the pump. I haven't expected it to happen sooner than I think. What do you think caused such increase in price?

The pump yesterday took me by a surprise, I was expecting btc too fall more. Still, no complains here:) Honestly since I am for the long term game I don't care much about the price atm. I just wish a new alt season begins sometime soon, I have lots of heavy bags to unload that I wish I hadn't hodled all this time 😂

of course who on earth wont be surprise for that unexpected rise ? it dump hard of kinda long time but it recovered fast in just a few hour or a day  and as usual people still complaints but complain in a good manner :)  .  long term or short term , price is still important for you because price is the one that should  be monitored the most  . you never know what if btc continous pumped up ?  if your not cheking it maybe youl missed your target goals  . alts will surely follow up once btc reach that state  .

I went to bed thinking almost 20% gain was simply unheard of in any other digital asset, and noted how quickly bearish sentiment pervading the space could so quickly turn a corner over an hour's worth of gains that wiped out 2 consecutive slips.

And then, imagine waking up and seeing that I actually missed the monthly high above $10k!

Crazy days ahead.

The world's largest cryptocurrency hit a 5-month low earlier this week.
A massive rebound has seen nearly 30% gains overnight, pushing closer to $10,000.
There's a reason why HODL (hold on for dear life) is a popular trading strategy in cryptocurrency. Battle-tested crypto enthusiasts understand that the big money investors are out to get their bitcoin at dirt cheap prices. The sharks will instill fear in the hearts of participants by driving down the value of the dominant cryptocurrency while painting a bearish market structure.

The events that transpired this week perfectly illustrate why HODL works. Institutional investors shook out retail traders as they pushed bitcoin to lows of $7,293.55 on October 23rd. At that point, the digital coin was down by over 47 percent from the 2019 high of $13,880. Just as it looked as if bitcoin was due for one more leg down, the digital asset took almost everyone by surprise.

I am at a loss what is happening right now with Bitcoin. Just hours ago, I was watching at the preev site and it was at the $7400 zone and then suddenly when I came back it jumped to the $8500 level and then now we are almost touching $10000. Just unbelievable. This is really the Bitcoin that I know of in 2017 when you can watch the figures changing right before your eyes. It is amazing how it got back with a big vengeance. But knowing the real score with Bitcoin, I would not also be surprised if a cold water will suddenly drop on the price and another dip can follow. Oh, well. But I am so excited today and that matters for now.

I don't remember to have ever seen once Bitcoin increasing by 30% in less than 24 hours, or it was long ago.
So during the same week, it suddenly loses 10% and then suddenly makes +30%. There's something fishy about it. I don't believe in arguments about the recent positive comments from the Chinese president nor the good buying opportunity with the key support level of 7500 dollars.

I prefer to wait until the next week to see, you never know if there is another trap behind. ::)

All about the ways sharks talk people into selling so they can buy low.


Supercharged Bitcoin Turns Ultra-Bullish After Shaking Out Retail Traders (http://www.freedomsphoenix.com/News/270672-2019-10-26-supercharged-bitcoin-turns-ultra-bullish-after-shaking-out-retail-traders.htm)




8)

I am at a loss what is happening right now with Bitcoin.

Here's the question, on what would be the next move. Are we seeing more than $10,000 or It's going down hard again? I can see the price are moving fast up and down in a tiny percentage, that might be the momentum traders and sellers that drags down and taking advantage of this sudden rise.

I think we are going to hit your speculated price of $10,000 that is, before the year ends because the volatility up and down has started and price is currently above $9,000. From cmc check, it is at $9,106 , breaking the 9,000 hold, we might have a continued move up.

Sudden pumps and sudden dumps within just 2 days, many people said it was a fake pump or a bull trap from the whales but the fact is bitcoin's price is holding stand still on 9.2k resistance right now.
I think people are holding and wait for the next uptrend. Bitcoin's need new investors to pump out the price.

Sudden pumps and sudden dumps within just 2 days, many people said it was a fake pump or a bull trap from the whales but the fact is bitcoin's price is holding stand still on 9.2k resistance right now.
I think people are holding and wait for the next uptrend. Bitcoin's need new investors to pump out the price.

Its not fake just the price trying to break out of the box and now we have to guess if its some negative from not beating 10k

https://i.imgur.com/RnzZ9YA.png

Yellow line is 200 day average and current lows are resting on that line.   Breaking above here was the most important part of the move even though its lower then the peak price, this was the crucial jump to make.    So to stay positive it must stay above here now.

Yeah, the cycle is always the same, bitcoin price tends to decline if the breakout failed but still persists above $9000, not many people willing to sell their bitcoin though.
We've seen the market consolidate between $9000 and $9800 for a while but it will take off to the next higher point, we can expect bitcoin to reach around $10,000 to $11,500 in this middle to the end of the fourth quarter.

A few days ago, bitcoin once again showed us its volatile nature, when in two days it increased in price by two thousand dollars. Once again, we were convinced that Bitcoin is capable of rapid growth, and this is absolutely normal for him, as for the whole decentralized cryptocurrency. Now we expect the growth of the entire cryptocurrency market in the last months of the outgoing year. Bitcoin has shown us that he has a potential opportunity for this.

And it also showed that it doesnt need any support from other coins for it to grow.

2k is a large amount and in fact it is the price of gold already.
Compared to any commodity out there this is the only one which can make profit to a lot of traders in just hours or maybe minutes.
I have tried commodity trading and it takes me months to gain an amount to fill the payment for my necessities and bills.
Unlike bitcoin, when done right it could be profitable for months of payments.

I don't think altcoin can help bitcoin and I think you don't need altcoin to help bitcoin grow. Altcoins are competitors so they are different even altcoin is growing bitcoin has a different way to make more valuable.
There are some reason why the price jump nearly 10k USD past few days ago it's normal to see the price increase so fast because there many people are waiting for the bottom price of bitcoin which happened last week so that they can buy cheaper price of bitcoin and mostly traders are using trading bot that is why the price movement is fluctating too much.

A few days ago, bitcoin once again showed us its volatile nature, when in two days it increased in price by two thousand dollars. Once again, we were convinced that Bitcoin is capable of rapid growth, and this is absolutely normal for him, as for the whole decentralized cryptocurrency. Now we expect the growth of the entire cryptocurrency market in the last months of the outgoing year. Bitcoin has shown us that he has a potential opportunity for this.

i dont know why people sell .especially when prices rose over 30 percent in less than two hour ; but after 2 week prices fall under 8500 usd per btc ; this is like some big whale that want domine market for buying bitcoin cheap ; i hope prices bitcoin will rise next month to 10000 usd per btc at latest

The thread has its initial post almost a month ago, by that time there is more growth in an unexpected way happened. Now the price has fallen over $1000 in few days of time. Now to what margin this gonna fall back is completely unpredicted. Maybe after correction price will get to make everyone happy through some unexpected changes in price.

It fell much more than 1000 only today it lost 800 but does it mean anything? We are still going up in the long run and the long term trendline remains at 6 thousand.

Short term price has a meaning only to traders. Many people don't have any coins on exchanges and don't care what the price today is. Next week is going to be different and next year you won't even remember this small panic.

We're at the bottom of the downtrend channel, so it looks that there should be some resistance and we 'should' bounce back up with the closing of the current CME future contract. Let's pray for the whales.