Bitcoin Forum

Bitcoin has spent another day in consolidation following a roller-coaster ride last month. This year has had similar ups and downs in terms of BTC price but fundamentally the network is going from strength to strength.

https://bitcoinist.com/bitcoin-fundamentals-are-better-and-stronger/

Bitcoin is indeed going strong as time pass by. And we're near reaching another bullish run. I'm also quite impressed that it maintained above $9k despite dumps from whales and it's still giving signs of growth. Some factors could be the news about Starbucks that would soon support cryptocurrency, and of course the halving that would happen next year. I'm positive of the current news circulating around and with continuous adoption, growth is more likely.

just another shitty article from a shitty website that only creates garbage. they don't even stick to one direction either, they are like a fart in the wind that goes anywhere that the wind blows ;)
don't look at this article alone talking about "strength" in the market and so called "fundamentals", not so long ago when price had a little fall all their articles were doomsday themed and they were posting bullshit such as prediction of fall to $2000!

you shouldn't even be reading sites like this let alone posting their links here in my opinion.

The fact that there has been no massive dump following last weekend’s impressive rally is bullish. Further gains could be on the cards in the short term. In the longer term, they are virtually guaranteed as a number of positive factors are coming into play. (https://bitcoinist.com/bitcoin-fundamentals-are-better-and-stronger/)

This is the most important to me. While Bitcoin has not decided yet whether to go up and break the $10K zone, it is holding on the $9,000+ position and have not once tried to venture into the $8000 level. I am hoping that the accumulating strength of Bitcoin can be utilized for some little push above the $10K ladder especially in December of this year. Well, we could only speculate but for as long as the basic fundamentals are in the pink of health, we can be sure of its staying power and even more.

Fundamentals have never been in doubt for years now, like the article says, keeps growing stronger, Bitcoin is truly too big to fail now. But we should all realize by now this has very little to do with price, which can be at ATH when fundamentals are in danger (remember when hashrate started leaving BTC in 2017).

The message is, don't worry too much of the day to day.

False. Don't believe the articles you read. China has allowed blockchain innovation to take place, nothing they recently said applies to Bitcoin or any other decentralized crypto currency.

China isn't going to open up to Bitcoin.... they are near closing that chapter, which I'm sure will end by having the mining aspect of crypto become illegal. Nothing of what China has done has ever been good to Bitcoin.

Many argue that after bitcoin goes to a price above $ 9,000 it will drop back to $ 7,000. But the reality is different until now bitcoin
is still sturdy above $ 9,000, this is evidence of fundamental factors being the reason why bitcoin still stable until now. Therefore
experts always recommend doing fundamental analysis and technical analysis in order to find out which way the price of bitcoin will
going. Possibly with the many positive news reinforces bitcoin fundamentals. I think that facing the end of this year bitcoin can be
priced at $ 10,000. If the target is reached, there will be a bull run until halving may 2020.

Bitcoin value derives from it's decentralized network security and network effect; the more people HODL, the higher value it has. As it is more than 10 years old, its network is more than sustainable and will grow from strength to strength from here. For a long term the values will only increase. The chances of reaching $1 million are likely to be high because the percentage increase from $100 to $19,000 is less than to reach 1 million dollar. So for a long term its always good and in next year the expectation are to be $50,000. But of course no one really knows. this is just a long term prediction of what will happen.

Its fundamentals were also going from strength to strength in 2018, when it dropped by over 70% to reach $3,000.

If you look at its hash rate, it has on the drastic uptrend for well over a year, which can mean that at least some of its fundamentals are completely unrelated to the price action.

I'm still surprised, I thought the price was going to drop from $9000 down to $8000 or 7000 again, but it has stayed strong at that rate. Just when I thought it's going below, I woke up the next day to see that the price is up to $9.2k+.
 
Some people are saying bull run, I don't know if that's true. I even saw someone that said we should forget about the halving that bull will happen soon. I don't know if these people are saying the right thing or not, but I'm not worried about it because I have held my coins for quite long now and I had plans to hold it till the halving. If the price should go up now, that means I will have to be selling my coins soon.

Altcoins seems to be in the same position and not making any move. Take Ethereum as an example, the price has been stable (around $180). I don't know if altcoins will go up during the next bull run.

I do feel that 2020 holds a lot of promise both for the Bitcoin Network, Holders and for the technology of the Blockchain itself, which is beginning to be utilized immensely both by private and public sectors at large. This technological advancement is far bigger than anything else that has preceded it but we just cannot see it yet. I do believe though once more and more smart solutions are in place, people will begin to see with more clarity as to how much people's lives will be changed forever and I do hope more and more people around the world benefit form this great advancement.

This year was definitely the year for the regulatory bodies to start cracking down and issuing small amounts of guidance, so it's really not to anyone's surprise that Bitcoin and other cryptocurrencies  are starting to rise a little within the markets. I think and certainly hope that the bear goes away for a little while and we see more bull runs. With Mark Zuckerberg introducing the Libra platform, congress has no choice but to start considered the possibility of mass crypto adoption.

Whether it  be fundamental analysis or technical analysis, it won't work with bitcoin.
Why ?
Because bitcoin's volatility is just too much to keep up with. It's fluctuations are high and happens almost any time since it works 24 * 7.
I haven't seen a single method which will give out accurate predictions till date and probably won't.
Just invest in it if you believe in it.

Volatility is part of bitcoin if it is what we see as the challenge of bitcoin, but that would not stop the network from really growing as you have confirmed. People are more accepting bitcoin now for the payment benefit of It and they have seen how it is even more beneficial to use bitcoin for payment than to just hold it as an asset.

The main reason why we all see bitcoin having challenge is because of the way we took bitcoin, we took bitcoin from the perspective of holding it as digital asset that can generate some income for us, yes the project is also capable of doing that, but that would be in the long run and not something of now.

For now, we should see bitcoin as our new money and start spending it while at the same time we hold it, and we will see how the network will keep growing stringer just as it is growing now.

Er... A pretty shitty article, I feel like this is one of those sites that was probably calling for the end of BTC a couple of years ago, sucked up to everyone during the bull run - and then went on to scream "the market is ending" during the market crash that followed... Their articles just seem to be filled of bias and it's unnerving.

Let's get this straight. China has never liked bitcoin due to it's decentralized aspects, and how much power it would give to the people (anonymity, freedom from the Yuan), but they are more than happy to use several aspects of bitcoin/cryptocurrencies (blockchain technology), to apply to their own currency, and basically merge the 2.

It is very good that you have remembered what happened with litecoin, unfortunately this is a pump and dump market and people will buy bitcoin because of halving and when long after halving we will see the dump. Look at this article:

Bitcoin Price Risks Drop Below $9K if Bulls Can’t Muster Rally Soon (https://www.coindesk.com/bitcoin-price-risks-drop-below-9k-if-bulls-cant-muster-rally-soon)

have chance to fall below $9000

IMHO the biggest and more important fundamentals are the news.
The CBDCs from China, Hong-Kong, Thailand, Turkey and maybe Europe, the Libra... are big for the adoption. The launch of Bakkt pay will also be another big event. But the other so-called fundamentals and metrics are inefficient at best, and rather misleading in fact, to predict the price.

The last news about adoption of blockchain technology by the Chinese president was responsible for the pump in price of bitcoin while the price is presently ranging above $9K I hope we hear another fundamental announcement again which would push the price up above $9K of course many fundamentals are lined up ahead  in the cming year crypto investors had diverted most their portfolio into bitcoin which had even made it more stable compare with other altcoins.