Bitcoin Forum

Bitcoin just broke it historical resistance. We are above 10k and we may be starting a bull run again. Boom.

https://i.imgur.com/PDLL29C.png

Things looks good now, but be careful if you are new here.

important reminder now for all newbies around. Don't get killed.

https://preview.redd.it/ahx2k63y9e251.png?width=640&crop=smart&auto=webp&s=79dacb817ebaf3a947f60e06b0885bf813d3dbfd

This should apply to whatever the market sentiment is, but yea. Unfortunately, the way bull runs work, there will always be people that's going to be buying near the top, and there will always be people that's going to get crapped.  Just make sure that you won't be one of those people, unless you're fine with holding for more than a decade.

Still early to say that we are in a bull run though, personally, I don't know the reason why the sudden surge in the first place, so it could be a bull trap for all we know. Also we have been trying to breach this barrier pre-halving and every time we touches it, the price goes down, meaning the growth is not sustainable.

But good advise specially for those newbies who think that bitcoin is a get rich scheme. The last great bull run has taught us a lesson, don't be irrational and emotional, otherwise you will get burned early.

This is a good news. Seeing the trend line today is a good sign of a healthy market. I am expecting some retracement around 9.7 to 9.8k because the movement is so rapid but will observed for the next hours.

For long term investors it works but for those who have weak heart when they see their portfolio red then definitely this investment that so volatile is not for them.

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_{Be careful for those who are doing futures, dont get swayed by the market better read and analyze its pattern and dont just jump into fomo of long position.}

This applies to everyone here not only newbie. FOMO can cause you big loss if the Bull run starts. So keep calm and do your research before ente into the market. Those who are HODLing think twice before selling you Bitcoin and when sold donot think twice.

Volume is still really low, and the close is not really perfect either. I'd swap my coins for stable coins for a while, at least until we get a clear single candle breaking the trend line.

A part of me believes that this is a fake-out but of course, I'd be more than happy if I'm wrong.

Just a reminder to all newbie here in bitcointalk or anywhere around the world, hope this help to some of our crypto lover friends out there, make your own research and invest the you can afford to lose only. I remember back in 2017 so many people are panic buying bitcoin at the very peak price at almost 20k some of them are already sell there bitcoins in a lower price and some are still holding and waiting for a chance to sell there bitcoin at a higher price.

Yes, but at least this is the good start for Holders while Bitcoin can reach 10K again after last 3 months ago.

These reminder is very important, I have seen so many users trapped on FOMO/Bullrun, such as What is the best advice for Bitcoin ATH investors ?? (https://bitcointalk.org/index.php?topic=5249782.0)

I think having a few hours above some TA price level isn't enough to declare a bull market. With traditional market it's a week or more, so in Bitcoin it should be 2-3 days. Right now the price can easily go down again.

I agree that the advice is good, but I doubt that a lot of newbies will see it. From what I saw during the last bull run, a lot of noobs join when the bull run is in full swing and when the market is about to crash.

I don't think this is a bull run or anything op. BTC is bullish definitely currently, but it has just broken the $10K barrier and it is way too early to jump to conclusions.

It needs to stay in that range and continue rising to call this a bull run properly. The current US-China issues probably led to this current surge in my opinion. Hong Kong investors could probably be the reason.

I suggest buying in small quantities and HODLING in the short term.

I'm a bit happy that it finally reached the 5-digit price again after now many months.

In the chart, I see that the volume is very low. I'm not pessimistic but I think that this small rise will not last long and we may see a small correction within the next days. If this will not happen then it will be good but stay alert and always ready in whatever happen to it. Me as a long term investor, I don't visit the charts that much.

This happens all the time: newbies buy when the price peaks, and then they watch how it crashes, day by day. However, the key here is patience. People who were buying when the price was $1,132, in November 30, 2013, wouldn't regret it if they waited until 2017(especially the end of the year).

So, I think the main advice here would be: Buy only with money you can live without for 4 years, and you'll be okay, most likely.

Good advice to not over-invest. Newbies also often buy with the mindset to sell it when it doubles or triples. So, another important thing is to see your BTC holdings as a fiat generating asset. One time fiat profit should not be the end goal. You just monetize the asset in parts at your target price to cater to your needs or whatever while ensuring that you keep a significant portion purely as "BTC wealth"

In order to not fall in the same trap of servitude and consumerism, whatever level of BTC you hold, is your ticket out in the face of long term uncertainty of fiat economics.The wealthy of the world don't wrap up and sell off properties so that they can have billions as cash. They keep their wealth as long term assets that have been serving them for generations now. For people with non-fractional quantities of BTC, It has potential to serve as foundation of long-term wealth while giving fiat benefits as price increases.

"Keep low time preference".

Translation, Buy the dip, and HODL.

If you didn't take the golden opportunities to buy below $5,000, and now, $10,000, then buy while it's below $15,000? 8)

In this situation my only tips will be don't get panicked and buy BTC at a high price. I  did a mistake like this in the bull run of December- January of 2017-18. But luckily I was able to sell that with some profit.  So be patient don't buy high.

And I think it's not a bull run yet. It's my personal opinion.

That is bitcoin for you. It gives the unexpected. Just yesterday it was around $9,500 and today up there @ $10k without no particular cause. This could be a trap for people aiming to buy high . I would suggest to be patient for the buy to see how the run is going on for now.

Wow what a great news! I didn't see it coming to be honest. I'm glad that I bumped here in your thread because I haven't visited the price charts again. I am not aware that I'm making small profits already, my bad :D

Hmm, waiting for a dip before entering the market is good but the problem is we don't when. So why don't you buy now and hodl. Maybe this is really the start of bitcoin's new skyrocket trip, who knows? Remeber, clock is ticking ;).

Thanks for those reminders and I just want to add that sell if it's necessary and you are in profit. Don't be too greedy and it's ok to get a portion of profit and don't expect too much as you see with those high speculations that we on internet.
Keep an eye to the market and still look for the opportunity to buy while you can because we will never know how long this assumed bull run will stay.

This is good for those who are in Long term Holding or what we called those HODL because they are willing
to wait even how long it takes until the value of
Bitcoin reached their target value.because aside from selling in high there is always a profit in waiting for long,
and also about that greedy attitude that made
 us mostly a loser for same reason why many investors and traders fails even gamblers fails in this manner
.Looking for so much winnings and profit and
 in the end?you cannot leave the table until you lose everything that supposed to be a good win if
 you have no greed manner.

I have lots of stuff to do IRL for a few days and BTC goes past $10k.. wow :)

This could be a price increase post-halving and if it is, it might be sustainable. I wouldn't make any moves (maybe only buy) right now, any bull/bear run is risky no matter what move you make. Most moves I've made during them went wrong.

Personal opinion to whoever wants to accumulate: unless you're a professional trader, buy a bit of BTC every day or week and you'll have an average of whatever price is coming up. After you have invested enough, hodl. If you wait right now, it's literally a coin-tossing chance whether it soars or dips.

Isn't it the second time btc cross 10k post halving? I read an article where the founder of Bollinger band predict an upcoming increase in btc, the rise was already expected only the question now is will it sustain, but I think it will go back down again, it was a nice little pump, even eth was not left behind, I also think accumulating in every dip is the best way to get prepared for the upcoming btc bull.

Well that's quite true. It's a great advice for beginners and panic sellers to hold on to their bitcoins.
What most of these guys do is sell their bitcoin as soon as they it going down.
While some lucky people buy it back at the right time, some are left with huge losses.

When bitcoin went from $19.5k to $3k most of the people said it's gonna break down to zero but only the bitcoin believers held on to it because they knew that bitcoin will bounce back. Bitcoin has recovered greatly in the past 2 years. This shows how worthy it is to hold.

It might appear as a bull run but for me, I still can't consider as one because nowadays where the economy has started to rise again, businesses open up and people are going back to work now, then I think it has something to do with the uptrend that we can see on the stock market because people started to earn and invest again.

I must agree on your reminders because changes happen and we all know that it is sudden, anytime it might go down again which we all hope not. In the meantime I will just sit back, relax, and watch the changes on the graph before I start trading if I think it is already in favor of me.

I know after this there is what they called "correction of the price", that usually happy if there is a sudden pump up of price.

Some analyst from trading view  thinks that this is just a fake out, though I hope it was not.  Care to see his analysis titled: XBTUSD 8h: FAKE triangle breakout, then DUMP(NEW) (https://www.tradingview.com/chart/XBTUSD/EZX2Toxr-XBTUSD-8h-FAKE-triangle-breakout-then-DUMP-NEW/)

https://i.imgur.com/un69RYq.png
Source: https://www.tradingview.com/chart/XBTUSD/EZX2Toxr-XBTUSD-8h-FAKE-triangle-breakout-then-DUMP-NEW/

So better to be more vigilant and set up stop loss so if ever this happens at least the loss will be minimal.

I think this implies to all the market in the world be it Fiat market,crypto or any other global market.The markets are volatile and sectors are uncertain. Any news or information from unknown sources must be avoided and one thing which I believe is everyone who are investing must have a stoploss and stopprofit in their mind.As due to this pandemic situation there are ample of opportunity for the investors and very less scope for mistake.

I agree with your suggestion mate.

Sadly in no matter of time the prices went down nearly $700 and now again sitting at the $9500 region.I stopped checking the price, I didn't even notice the price hit 10K util it drops down. :(

Nobody's gonna get killed but yeah, it's true that for every winning trader, there remains a lot of losing traders as well. I don't follow anybody on Twitter anymore and would advice all of you not to follow any advice you get on Twitter, just take it as an information and move on. I said it because I've lost enough in my old days when I started following some crypto related accounts and they were all just making money on us and nothing. I think that after the dump, BTC is back again under that resistance level and will remain stable for few more days.

I don't know why people usually get so excited about this, knowing that the price can fall back at any time. And that's what just happened. I checked my Blockchain wallet last night and I saw the price moved to $10,000. I took it as a normal thing because I knew that anything could happen.

I am not really fond of checking the price of Bitcoin all the time, I just invest and leave the money there to grow no matter how long it takes. I know there will be a bull run, but I don't know when it's going to be. That's why I invested earlier and I am holding my coins till now.

As a holder then you will surely have that impression and things in mind but for those people who do invest or trade on seeking up for short term profits then these kind of movements does really matter much thats why you cant really blame out most people to react when movements like these do happen.For those people who believe when the price is tanking between 9200-9500
and secure out their position then they definitely made up some bucks on that sudden price rise.Profitability will always depend on someones capability on how to take action on
possible situation that might happen in crypto market.

It is so great to see that we are moving back beyond $10k but it gives me a big surprise when seeing it back the market price turns down below $10k again ($9.5k at this moment). I was really thinking that this is a start for the most awaited moment but somehow I'd become disappointed as the trend drops again. The market is totally emphasizing that we can predict the market and felt that manipulation still around us and not even knowing when it strikes us.

But I'm still positive to see it back in the rally again. Since we reach back to $10k, I believe it was pretty easy to hit it back after this dump.

That's right. But it becomes more risky when dealing with cryptos in general and bitcoin in specific (btc price for alts is like dollar price of any item) and this is why this kind of rising flags about not to invest blindly is good. We faced this boom back in 2017 and i remember how many investors lost a great part of their investments just after the btc dropped below 20.000.
I would advice anybody to not use your necessary money to invest in such a big volatile thing like btc and not invest more than you can lose. Like Gambling

I agree with the bitcoin movement that looks good, this is a sign we will soon enter the next bitcoin bull market. Although that means positive,
but we all must remain cautious, because investing in bitcoin is still very risky. Always use capital that does not matter if lost and also do regular
analysis, so if a sudden bitcoin movement change we can anticipate immediately.

It looks like the same manipulators who bought Bitcoin yesterday sold them today.

There was no real rally just some big fish buying in hope of starting a bull run but not enough people jumped on the train so he sold and we're back where we used to be.

I don't agree with predictions that we're going down to 8000 because predictions like that have more common with fortune telling than real analysis.

If this is a bull run, I know I can do better this time, I've here during the last bull run and I have learned a lot.
This bull run would not only make us profitable on our bitcoin investment, but it would also help us to recover on our loses in altcoins if it will result to an altcoin season. But as we can see, bitcoin dump after it hit $10K, so are we set for a bounce back?

Well the fake out is real, so who knows, I think the analysis can be changed anytime.  It all depends on the current movement of the market.  Analysis especially in the exchange market is not a fixed thing and subject to change.  That is why there is a daily reading of the market movement.

Anyway, I hope people have set up their stop loss, an 8% price drops (https://www.coindesk.com/bitcoins-price-drops-by-800-in-less-than-5-minutes) is normal in this industry but it hurts when you are caught by it.

A very quick reminder, Please Invest what you can lose and you won’t commit suicide because i’m still in loss of btc from the last bull run. Do not be surprised if it falls again to as low as 4k

The BTC USD pair could not break the daily chart trend line and stabilize at the top, so apparently, we are not yet fully bullish. Now I think it is better to wait until the price exceeds 10500 as the horizontal line indicates the resistance label around 10490.

I actually thought, for a good 30 mins, seeing the thread's titles on a few Twitter accounts (or similar vein of be careful and protect yourself and don't get greedy) that we're definitely not looking back. And then 30 minutes later was looking at everything drop to where we are.

Not saying the bull run's not here. Just saying we could still have a few more dips and scares before the point of no return.

That's for everyone. You don't look to the movements after you have sold. You have no regrets if you have sold so that's a diligent way of deciding correctly. The term "profit is profit" is what you must apply because when greed catches you, you'll never realize that you have made it yet you're still unthankful and ungrateful that you have made that much. Contentment is the description of that and if you feel regret that you have sold early, you can always catch the dip and buy it.

Many people get encouraged to make an investment to bitcoin because they know the possibility of making more money regarding the bitcoin some of the people are just going to make an investment only because they don't want to risk all of their funds because this kind of pump but still there are some people want to make trading and go with the flow with the use of the market volatile.

If you are a risk-taker this kind of market volatile it is just quite normal because you are going to go with the flow and wait for the outcome of your profit. Sometimes having talent on reading graph take some advantage like the OP did use a line to see an indication of having market changes of the coin and it is already beat the resistant there is a chance for another bull run market which is good because there is a chance for having a comeback from the bitcoin and beat the previous 13k market price still it depends to the supporters of the bitcoin if they will still support the coin.

The more bitcoin moves up, the more we must be vigilant. Because there is no guarantee that bitcoin won't go down, that's why
bitcoin is called high risk investment. Because bitcoin prices are volatile, they can go up and down suddenly. My advice is to use
stop-loss to protect the capital we have, do whatever can protect yourself. If based on my analysis actually bitcoin has started
bull run again, but still must be vigilant. Rather than regret later on.

That's exactly what I'm gonna do, man ;D For now I imagine BTC only as a deposit

Pompliano just didn’t say when that bull market at least roughly starts, maybe every time the price of Bitcoin reaches $10k? Although I have nothing against giving advice, such influential people should be careful when making such statements. I can't judge if this was just a joke (it seems from some of his comments), or he just doesn't understand what a bull market is.

I advise you not to follow the advice of these so-called experts, they are just influencers who make money through social networks with such or similar statements. Bull run can probably happen at any time, but if we take into account the current economic situation in the world, this is a time period in which such chances are very small or almost non-existent.

Exactly! If  I should start afresh today in Bitcoin I would go back to one thing only: studying! When I first met bitcoin there was not so much good material around, apart from this forum which has been my Bitcoin University.
If one realises the true nature of BTC that's enough. From there it is only a matter of stacking as many sats as possible!

Well in every market situation you can do well if you execute your strategy in a good timing, coz that's all you need to get the timing, however during these times where the price of bitcoin is really volatile, you see it in $10K then see it after an hour in $9.2K. The market is a fast pacing one, you might get caught in the middle of these transaction and lose everything you have put on it.

There is a bounce back every time we see it dumping, honestly I hate calling it bounce back coz who would've not expect a volatile market to go up and down right? what only differs is the uncertainty of the time, if it goes up or down we would not know even with analysis.

You right,always protect your investment because crypto market are so volatile. But if you have patience,when the market is down just stay calm and wait for it's price to bounce back. Market is just a play of high and low but it will test your patience.

Buying Dip and selling High is what always matters here in crypto but of course Holding is far different in this way because we need not to wait the DIp if you are willing to wait and hold right?but i respect your perspective in every manner and also we are just sharing thoughts and views because the beneficiaries are the majority of those who are reading our posts here.for how many times that Greed always hinder cryptonians to earn and many times that traders fell because of their bad attitude in dealing with their currencies on hand,but i think we are nearing Bull again.


How can you protect?of course by Holding even in the dip,never sell on losing position because for sure price will grow
 again even if this took you long time.

I always set up ranges on when should I convert my BTC or hodl incase of dump 'cause we knew that BTC is volatile and everything is possible.

Same with me, I guess if I studied crypto earlier maybe I've earned a lot because of my knowledge of identifying the status of the market. And knowing the fact that even bitcoin is volatile, it will still surge sooner or later, just have faith and trust on it.

Regarding the current market situation, it doesn't seem to me that something remarkable is happening right now, as Bitcoin has been recovering since the middle of March, so it's been the bull run since then. At the same time, Bitcoin hasn't been able to go significantly above $10k, so it's a very limited run and the barrier more or less remains.
And as for the tips for beginners, I agree with everything apart from buying BTC with a card. In my country this is an easy and cheapest solution which doesn't lead to any problems with the authorities.

Don't be too fast to call it a bull run, you cannot tell what will follow next. The price did go up to $10,000 but it didn't stay for long at this position before going down to the $9k price (it's currently at $9,700). The price will go up, but it won't jump to a high price at once, it will move up with time. That's why it's good to invest early and have patience. Early investors are always the lucky ones.

Before the pandemic that affected every market, I bought Bitcoin and a few altcoins. I bought Bitcoin around $8,000 and when the price started falling I didn't sell because I knew that after this Coronavirus thing cools off, the price will still go back up and I will recover what I lost. I still went ahead to buy more at the rate of $5,000 after the price dropped to $3,800 and started going back up.

If the COVID-19 situation hadn't hit the US so hard, that recovery from 5K levels to 9K may have continued past 10K. The ground situation around the world is still so uncertain with US going through the civil unrest and China flexing muscles. It is kind of oxymoronic to hope for a bull run at present. The way stocks are rallying, it seems that traders are banking on the recovery after the fog of unrest has lifted. Bitcoin has behaved differently when things fell all around it. Will it behave differently when the markets rally?

Also, by the time christmas arrives (the traditional bull-run times), there is a chance that we may have Dems back. There is that to consider that what will happen to the price once Trumpism has susided.

Normally I would start to criticize the chart, because, like many of us here, I'm sick of the wrong predictions they make based on their TA. But this particular guy makes very cautious predictions, and they are not for regular long-term investors(those guys should look at the charts only once in 6 months, if ever), but more for day traders. Whatever I might expect from from this year, I agree that for the upcoming days ranges near $9,150-$9,250 can be regarded as dips, and the ranges near $10,300-$10,400 as temporary rips.

As always, we all can be very wrong, it's Bitcoin after all! :)