Bitcoin Forum

The price of Bitcoin has exceeded $ 43,000, while the price of Ethereum has risen 24 percent in a week, bringing the total market value of cryptocurrencies to $ 1.8 trillion, which has risen to $ 140 billion in just 24 hours.
Finbold reported yesterday that Bitcoin trades above its simple 100-day moving average. Further gains could pave the way for short-term gains in the $ 42,500 resistance area that Bitcoin has crossed as cows seek to raise the price of Bitcoin to a significant $ 50,000.
More specifically, the world's leading digital asset in terms of market value has increased by more than 7.06% in the last 24 hours and 4.41% in the last week. Its current price is $ 43,670. In addition, according to CoinMarketCap.com, the overall bitcoin market dominance is 45.93%, up 0.02% from the previous day.


Source: https://finbold.com/crypto-market-adds-over-140-billion-in-a-day/

As we can see a few positive news came up almost at the same time. As a result, investors entering into Bitcoin. Either they are existing investors who have taken advantage of ATH or new investors. So the market value definitely will increase. But I don't think Bitcoin would break the $50K zone so quickly. It's taking time to get investment from potential Big investors. At least I am unaware of any recent big investment, especially from institutions. This pumps just because of a few positives news of Bitcoin adaption.

this is certainly a good thing because at least with the always good news and without the fud the last few weeks have turned everything green.
and I was very surprised by the sizeable rise of eth this week. This may be due to the hard fork and perhaps also the influence of BTC itself which is now starting to attract investors.
I hope this continues and there will be no more slanted news that will occur so that the market returns to normal and green like a few months ago

This is just another proof that cryptocurrencies are so volatile that in a week things can change really fast, from green to red and from red to green. This is the best thing for cryptocurrencies, the uncertainty of the market makes for a good way for every person to catch up when the prices are just so high.

It's crazy how this happens in just a short span of time, but being with crypto for almost a decade now, this no longer surprise me. A lot of new people are still coming into crypto every single day, and that certainly adds to the overall $$$ that is being put into the market. There's still a huge potential left for the cryptomarket to boom even further considering that people, together with large companies, are still coming in and placing their money on bitcoin and crypto.

I think it's more important to keep politics out than falling in love. Right now.

See when I told the birds they where "primitive". They freaked out. So you wanna avoid that.

Teach a mouse not to shit in the drawer and damage things. Then it's most welcome.

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Life time comes first under all circumstances.

If "Al" sits in.. Making it personal with the AI of tomorrow.

[moderator's note: consecutive posts merged]

https://i.ibb.co/hB4zwbf/btc-us.png (https://ibb.co/3pjZQ2z) - Making Higher-High every month, but no one is happy >:(.
Over the last few months, most traders and holders have been facing bearish conditions. Most people say the market is very bearish, but I do not see any bearish signal in the market. Some nonsense ELON FUD made a dump and after that everything is going smoothly. On the contrary, the market has been behaving very bullish for the last few months. Every month it is making new Higher-High. So those who are extremely bearish are actually promoting ELON FUD to buy Bitcoin at a lower price, nothing else.

It's fantastic, it's been a very memorable year. Therefore, next year will probably be more than now. Given the craze and increasing demand, it is possible that all aspects that provide a big boost will have an impact on the market.
Have fun, friends, we are in a zone that is no longer gloomy as it used to be, The many changes have brought the crypto cycle to a more open era. Plus the ETH Hard Fork that has started, adding more color to all cryptocurrency users.

And I wonder where are those people who predicted btc going down to 15k or who were waiting to buy at 15k price  :D, I wonder if they still have this believe that btc will gobthat low, I bet some people didn't take advantage of this dip and was waiting for a dip that probably come, am not surprise to see this performance at all, institutional investors are not relenting in putting money in the number one crypto, there is still more to come am sure.

ETH is spearheading this recent run thanks to the London Hard fork that was scheduled on 5th August (two days ago). The fact that it's going up faster than bitcoin or most top cryptos should tell you it's a huge upgrade that improves a lot of stuff in it. But that aside, Bitcoin has done relatively well on its own even without any "major" positive news in recent times. It's just ethereum time. Bitcoin would see the highs of $70k if eth continues it run.

Ethereum probably has a known reason why it comes with bitcoin in increase. I don't know if there is actual news lately that made bitcoin move like that at this time although it's common to see that it moves really like this usually. I guess that bitcoin will have to cross up to $50k before it gets again a huge dump. But as it crosses to that price, there will be certainly small dips that will come along the way there.

The growth is happening in the fast phase. Myself saw the price of bitcoin around $40k and suddenly a notification popped Bitcoin crossed $44k along with ethereum $3100. It was completely unexpected, because the growth from the range of $30k to $40k took place all of the sudden and expected gradual growth. Now its time for short term trading profit as we'll see some fluctuation before crossing $50k.

Now, wondering where are those spectators who are waiting for btc to go down by 20k. I guess, they are regretting that they haven't bought at 30k level. Not only a month (about couple of weeks ago) and you are already earning good profits if you bought it at 30k level. Crypto market is really surprising us, no one can exactly know what will happen next. For those who know how to scalp, this may be good opportunity. But should be very careful because one wrong move, and your profits will be gone.

We are still having this high and low tide this time of the year and looks like we are on the time where the price will pump up once again because of that good news a few days ago. We still have that momentum about a few months ago and with the current situation, it could trigger again but for those who are new to this industry just remember that you need to focus on the market and learn its history before jumping on any investment that you might regret later when the market is not pleasing to watch. The good scenery today in the crypto market has some opposite side when it crashes suddenly, so it's better for you to make your own research before getting carried away with the current hype.

It makes me wonder how Bitcoin price moves when the news is not releasing some kind of fomo news. Probably these are the old and new investors entering the market again but the question that's left me hanging is why? I know they were not here just to pump the market but why now?

Well, I guess this is the cheapest price they could get after seeing how Bitcoin wouldn't move farther away from $30k+. They probably are the new and old investors thinking that there will be a bear market after the correction but it's the people that holding it to go beyond $30k.

Maybe because of this news? 2 Senators introduce pro-crypto amendment to infrastructure bill; industry says it's not enough. (https://cointelegraph.com/news/2-senators-introduce-pro-crypto-amendment-to-infrastructure-bill-industry-says-it-s-not-enough)


And then as far as ETH goes, they just go ahead with their London fork.


It could be, but we all know, specially for average joe like us, we wanted to see the price to go down even further to buy. But I guess that won't happen anymore, no more $13,000 lowest low prediction and ain't happening because of the current bullish sentiments we have resulting to the price hitting $44,000 and counting.

Nothing was added. It was just bitcoin price going up while shitcoins dumping a little instead of a lot so it creates the illusion that their USD price is rising but that is all because bitcoin price went up and they get dumped less than that rise against bitcoin.

Only a very small part of the drop at the start was because of Elon FUD, the rest was a lot more complicated market manipulation than one man's Twitter crap.

We are still with you waiting for the day you have been waiting for. the days we see many investors continue to adopt bitcoin simultaneously. bitcoin in a day continues to increase, you can see for yourself. last week bitcoin was between $ 36,000 to $ 39,000 and today bitcoin is between $ 40,000 to $ 44,000 which means the growth of bitcoin is very significant.

The price increase of bitcoin in the crypto market is consistent the market is not stable. The price increase of bitcoin tends to be more profitable due to volatility no one can say when the market will go in any direction trading signals go in the right direction but do not take long to turn red but the market is now rising. Bitcoin has risen a lot this week compared to last week I think accepting bitcoin at this time could be a great opportunity for investors.

I think that we are still in the same bullish period as we have encountered at the start of 2021. Some would regard 30,000 dollars as a small amount now or decrease in price, but remember that Bitcoin went from $20,000 dollars to $3,000 dollars in a matter of months. The momentum did not stop and now we are seeing good trends again in the prices of the said coin. Even though that there were many setbacks that happened that were disadvantageous to Bitcoin and its community, it did not stop the coin from gaining traction.

Thanks for the post and this shows even more that the topics started on this forum asking whether it is game over for Bitcoin or whether we are in a bear market now are completely off the rails. We will certainly see six figures for Bitcoin in the future. There are too many giants involved now to just call it a day for BTC and leave it where it is. Bitcoin will go up unless some really bad stuff happens.

To most people, it doesn’t matter for anything other than looking at the statistics under the market cap which really looks impressive to the eye of an inexperienced observer. All those shitcoins that serve no purpose have as much as a $1 trillion market cap, and if we subtract ETH from that, we have $800 billion left.

Lies, empty promises, and full pockets of those who know how to create the illusion that something has value.

It doesn't surprise me at all even though it's really good news.

The increase that we saw is amazing but it's also possible we will see a big decrease in just a short period of time.
The market manipulation is still in play and whales are always looking at the news that they can use to move the market.

If we want to see real progress, it should be in a slow but consistent manner as that's how real adoption should work.

$140 billion in one day is so crazy. I guess whales are entering the scene again. Just like the previous bull run. ETH goes to reach ATH first, then whales immediately shift to Bitcoin to continue getting profit.

My trading plan for this 2021. Invest in ETH first, then once ETH reached ATH, will jump to Bitcoin again until it reaches its ATH. Then I will hedge everything to USDT.

I am bound to believe that the market is going to see a lot more increase in the price soon since at the end of the day , small cryptocurrencies have a symbiotic relationship with major cryptocurrencies like bitcoins.

Considering it's only ETH and BTC right now, we are for sure excluding the many more small events happening, we are moving towards the month of September, I always tend to notice the price going up and more people investing in cryptocurrencies before Christmas.

We might not only see the price rising but more governmental benefits from the side of small countries, El Salvador might be the most talked about but other countries like Ukraine are also moving towards a more crypto friendly environment.

the price of bitcoin and several other coins has been experiencing a price increase in recent days. this increase reached $140 billion in a day, hopefully this is the start to reach a new ATH by the end of this year. Bitcoin holders should not sell their bitcoins because there will be even higher gains until the end of this year, if they sell bitcoins now then they will regret it at the end of this year.

These moves are producing positive vibes in the community, no doubt about that. As always Bitcoin is following its course. Scarce supply + constant demand from institutions and retail = raise in price. Simple as that. This kind of moves are expected in a rather still emerging asset class.

Looking forward to Amazon adopting cryptos. I heard Overstock want to seriously compete with them at this aspect.  :D

Honestly I'm really glad to see bitcoin and other cryptocurrencies pumping again after over 2months of redness, it's really nice to see greens in the market again, I believe this is due to the good news we have been hearing about bitcoin lately, even though there are still some fud around about sec clamping down DeFi platforms, but it's still isn't stopping bitcoin from pumping, if the fud ain't strong enough then I expect to see bitcoin surpass the recent ATH in this V2 bull run.

Not very soon. They clearly stated at least they aren't going to accept Bitcoin this year. But it doesn't mean they will not accept in the future. As far as I know, there were many rumors before as well, but it looks like manipulation.

Anyway, crypto means volatile. So at the same time market cap will increase and decrease based on investor's movements.

Very true but at the same time this pump feels healthier than if we just had kept going 2 months ago. It felt like it was too much already and honestly I think most here were almost eager waiting for a crash. Nobody really wants it but many have that feeling that it is due or even overdue. That was certainly the case when we crossed 60,000 back then. Now build a new stable level and grow again from there.

Rumors circulating about amazon that will start accepting bitcoin were able to provide a significant price increase, although the rumors were directly denied by amazon. it does seem like a deliberate manipulation.

Amazon is still focused on exploring what bitcoin is like and how it can impact the Amazon shopping experience.
In time amazon may officially announce that it accepts bitcoin, but not now.

Many new investors are starting to enter bitcoin so that market capitalization is increasing.

The Bitcoin price increase in the last 24 hours is really a breath of fresh air for BTC traders and investors. In a short time it has provided huge profits, the rising price of BTC and other Cryptocurrencies is influenced by good news about BTC.
So it can increase the interest of new investors which can increase the demand for the Crypto market to increase sharply.
Rumors of Amazon going to adopt BTC are the ones that are going viral lately, although it's not clear whether it's true.

Even when the rumors become true, hasn't that rumor been absorbed by the market already as we saw Bitcoin going up?

Amazon accepting Bitcoin would be a great step, but it doesn't mean right away that Bitcoin gets used more or people will now use Bitcoin instead of USD. The problem remains that it is a hassle to use crypto on so many levels that Amazon accepting Bitcoin won't change much on its own. It would though if a law was passed that says purchases up to $20 remain exempt from taxation on crypto gains.

Lots of fud for dropping bitcoins but the biggest fud from china on mining ban seems to be deprecated and even if another fud were created we are fed up with market manipulation and currently we are seeing a bull run naturally until bitcoin hits the moon again.

If you look at the news circulating, it was actually the beginning of Amazon being said to be accepting Bitcoin because the job vacancies they published apply the qualifications to have an understanding of CBDC, Cryptocurrency, and Blockchain but it is undeniable that this is like a manipulative issue that can move crypto prices today even though the same thing  something like this has happened several times not only at Amazon but there are several other large companies that implement this specific strategy.

It is true that the market is volatile but a the same time this does not mean that it is completely unpredictable, we have been saying for a time that something like this was coming and those that were bearish did not believe it and instead were shorting the market, I really think this is move did not only came from a renewed interest from investors, I really think that this could be in part because many of those that were shorting the markets were on their last leg and as soon as they got a margin call this created a domino effect that allowed bitcoin to grow really fast.

Rumors like this are growing a lot just to give a boost to market movements.
then after the Hype or FOMO is over they will clarify.

But Amazon seems to be serious about developing cryptocurrencies. not without the aim of opening job vacancies to be in the position of blockchain and cryptocurrency experts.

Technology continues to evolve and amazon will certainly make developments too.

The only reason you can rejoice is that in that case, the price would jump 15-20%, and then the whole thing would calm down as was the case with PayPal and its involvement in Bitcoin which today few people even mention. Giving someone the opportunity to pay that Bitcoin does not mean that he will do it, because how many people actually use Bitcoin to pay for goods and services, maybe 10%?

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As far as I know Amazon has opened only one position for business in the field of cryptocurrencies -> Digital Currency and Blockchain Product Lead (https://www.amazon.jobs/en/jobs/1644513/digital-currency-and-blockchain-product-lead).

Bitcoin is not mentioned anywhere, but CBDC and blockchain are mentioned, which probably suggests that they will work on their own cryptocurrency, which means that we should not be overly happy about such a development.

That really is amazing, i feel like i heard so many great news regarding cryptocurrency recently, and i expect it to be this way for long time.
I'm not really surprised though, i've been on twitter for quite long, and my timeline is full of crypto-related tweets, and i can tell you that there are a loooot of new people getting interested in cryptocurrency, many new investors coming, and the hype is really really there. Even i'm surprised at how great and fast the community in crypto had grown now. I hope this won't be just a temporary pump leading to a downfall later on, but let's keep this increasing more and more.

Many could have feared that they might miss out on the opportunity for some quick buck, that is why they just went straight up and jumped to Bitcoin. 40k+ is still quite pricey even if it was from 60k, since back then everyone had eyed on 20k+, but then when we look at it, it just went insane. :D

I think this is just the result of the mass adoption of bitcoin by several big establishments and companies which was broadcasted recently. The value of bitcoin is expected to go up because there are big corporations that have laid their eyes on btc recently. Big investments by big personalities and adding the fact that adoption of bitcoin in different platforms is slowly coming to life is what entices more investors along the way.

Of course, volatility still plays a great role in this kind of pump and dump. This is a very great illustration of what volatility can do to the position of any cryptocurrency there is in the market. It can go up in a short span of time and then dump later on, after several hours of high position. Whatever the price it will have, just never get lost and know your limit in risking.

Indeed, BTC and other cryptocurrencies are now showing an increase in their prices and this may well signal a market reversal and the beginning of the second phase of growth, which can probably last until the end of 2021. I believe that there is nothing special in this situation, and those who have been on the crypto market for a long time, then know that after each fall, the price of cryptocurrencies is growing. However, there are other factors that affect the fall and rise in prices for cryptocurrencies, for example, these are stages of growth and what is surprising, according to these stages, it is 2021 that is the last year of the next stage, and usually this year prices for cryptocurrencies are growing and show their new peaks.

Fear makes these people do something stupid so they end up getting late into the hype. The only problem I think is that people that needs the money the most are late in the hype and sometimes they end being the loser because when they get in, the prices are already plummeting.

When I looked at the site of Amazon, indeed BTC is not mentioned in the job vacancy but they mentioned about cryptocurrency which is include with BTC. In the position

I took this from Amazon website (https://www.amazon.jobs/en/jobs/1644513/digital-currency-and-blockchain-product-lead)


But we should highlight that there will be a possibility Amazon will develop their own digital currency such as Libra of Facebook based on their statement.

Crypto is now growing dqy by day. crypto is blockchain technology. Just like the start of the internet or digital movies and music. Crypto is here to stay you can’t stop new technology from growing. More and more money will be add in future.

There was also talks about laws from the European Union that large funds are allowed to invest a certain portion of their assets into cryptocurrencies. I don't know when the new law took effect, but I think it was quite immediately after it was passed. Might be a couple of weeks ago. Who knows whether that also contributed to the recent price increase, could be a possibility.

That's a guarantee but the growth has to be properly evaluated as the market could be overvalued at the moment due to the hype. If you think it's overvalued, then don't buy at the moment, unless you are willing to hold it for long term.

the situation now is only good for day trading, but not on short term trade because IMO, the opportunity was when bitcoin dump below $30,000.

Long term is really "secret" when investing in crypto. We can call it overvalued at any day because of the growth in the last 10 years though.

But in goes on a cycle of bullish and bearish.


Shorts are not getting REKT, but for day trader or even intra, there could be some opportunity, but the window is too small in my opinion. Better to buy and then hold for at least end of the year

If bitcoin breaks over 50k in the next few weeks i don't doubt that we might see bitcoin reaching 100k by the end of the year, it might be a coincidence but the past few years we have always seen a huge growth in bitcoin investment and prices in the last quarter of the year, and to add to that the news hovering over amazon accepting bitcoin as  a payment system we could easily reach that point,

it is not directly related to bitcoin, but this amazon plan has shown amazon's interest in developing new technologies related to blockchain and cryptocurrencies. Just waiting for further developments. Speculation like this often happens and of course the news will continue to grow.

Its normal mate when bitcoin is gradually increasing in the marke wherein market always add masive amount, indeed if you subscribe to coinmarketcap you will receive a notification that the growth rate of the market is keep increasing day by day. Let's just hope that these time it will not stop to making progress again upto the current all time high value.,, because you know whale's always interrupt when they saw a massive amount of money in the market.

Well expect the reaction to every emotion. Some people are too "immersed" to their money in crypto. I recall the emotional effects of crypto that made someone do something inappropriate to him/herself.

What happens with those people is that they are always looking for the price to keep going down and they never buy coins for a cheap price because they are always expecting for the price to go even lower, and this is a problem, at some point you need to take a risk and what can be better than buying bitcoin for a 50% discount? And what is even worse is that even if that decrease in the price comes they are still not going to buy because at that point they are going to be too scared to do so.

Yes the 50% like was the point where I thought ok now Bitcoin should be oversold and resistance will come up. That was the case. A couple of rumors also helped Bitcoin to get back on track but it was oversold anyway at more than 50% loss fro its ATH. The best strategy is to not put all your available cash into one single position when a crash happens, but to put a fraction of it repeatedly into crypto even when it is downward slipping.

Correct, the classic strategy of buying the dip even if it is simple it has been proven to be every effective in this market and that is simply because many people are afraid of pulling the trigger when the time comes, they talk a lot about what they will do if the price of bitcoin became cheaper but as soon as they have the opportunity to do so they get nervous and they prefer to wait until the price goes back up only to complain about the missed opportunity.