Bitcoin Forum

Why was the last bitcoin growth surprising for every one?
Omkar Godbole is considered a searcher in "coindesk",and he is one of some people who have the opinion that says:This instant jump in the rate of 18% in two hours for bitcoin should not be surprising,the crypto market has seen some falloff types in more ways or less,so this increase came surprisngly,and there is no doubt that this 1000 dollars increase timing was incredible with the burning of stop lossing mechanic that was on it's time when the bitcoin value increased 200$ above the zone of 7000 dollars.

For me this is not really surprising, I mean we had now really bad months and of course somehow it must start growing again.
To be honest I see now no real reason why it started to rise. - but of course it can continue ;P

Probably because people were expecting bitcoin to drop more in price, some posts even say that it will drop to $5000; but instead, we get a price increase to $8500. I'm not saying that we still can't go lower though, might just be another deadcat bounce. But no one knows in the end anyways, wait it out and time will tell.

It wasn't surprising at all but maybe most people got too excited because of the last few months bitcoins price was so low and in a small span of time it grew like almost $2k higher. And people thought bitcoin was going to drop its price down more, so you really can't blame how they reacted when it suddenly increased.

'todays high is yesterdays low'... the big players are coming in now and on the main stream media there is more info on bitcoin... i feel its only goin up! having bitcoin is like a winning lottery ticket... buy an hold... no fud! btc gonna b around for a long time.... the blockchain is here to stay!

Such sudden growth was surprising because no one anticipated the market to grow back like this. We all expect market to grow in a stable way, for example by a few percentage points every year. When such a sudden jump is scene, people begin suspecting that a pump is taking place at the back end and a dump might follow soon. Hence, people get befuddled. If bitcoin can continue growing at this rate then the day is not far when we would see it surging to 20k$ again.

I think looking at the crypto markets in general, there's a birds-eye view of how Bitcoin and other cryptocurrencies are performing. Considering the last weeks bump in price and the price jump since 2-3 days ago, we're noticing a trend that looks to be bringing in the "Bull run" causing altcoins to rise by a large percentage, where as Bitcoin is still slowly making it way out of the Bear markets. The surprising factor here isn't about the previous weeks rise, but is as to even with a large trading volume we're noticing a small percentage increase in Bitcoin's price as compared to the altcoins. This isn't necessarily a worrying factor as it's just start of Q2 of 2018. We should mostly be seeing a back to back weekly increase in the price of Bitcoin over the next couple of months.

Everyone was expecting bitcoin to go further down, and that is usually when it does the opposite.
It wasn't surprising for me at all

The jump in price was so magical but I tell you guys, bitcoin might hit it's all time highest point by the end of this year.  It won't surprise me at all if bitcoin hits $15000 this year.

It's only surprising because a massive amount of people were shorting bitcoin, calling it the end of the currency and it was going towards a MASSIVE downwards trajectory. But then boom, the bulls take back control, and the market starts going the opposite way with massive amounts of money coming in. Peoples portfolios are finally starting to recover for the people who bought at ATH's or on the way down from it.

So yeah, surprising because everyone else was saying that bitcoin was going to die -- and it's not going to.

No one expected the rise due to the slump we've been in the past couple weeks. Also, there were no signs that a push would happen  and everyone expected that the seemingly lifeless nature of the price would still continue for weeks. It really is surprising, considering that everyone thought that the formation of a bearish pennant just a week ago would send us under $6k but lo and behold, we steep rise happened and everyone has their jaws wide-opened. All signals and analyses that I came across tackled about the price leaving $6k downwards but the opposite happened. It really is suprising.

Let it be a deat cat bounce, I have not bought bitcoin yet  :) in fact deat cat bounce fits to graph better. Another sharp increase seems not good

Surprise ? Why? Did you expect the price to always fall? It was normal and every one was waiting for it. Nothing unusual or surprising has happened.
Rising from 7000 dollar to 8000 dollar is 14 percent rise. It has happened several times.

According to the charts the price would indeed rise to $8500 if a bearish to bullish reversal would happen. So now the price can even go to 12K soon. At the end of the year bitcoin could reach 20K again.

Bitcoin is always expected to pump, it has already reach a good peak and there is no denying that the price woukd be recovered again. Seeing hiw tge track is now going, I could say that pumping have started already and ut might actually continue. Ivr been buying coins since tgen specially during those downfall of price. But on the other hand, there is no assurance where thr price will go, so  it doesn't mean that tge price is always going to be on top. Dropping of price is a normal thing.

Most of the people were expecting price leaps and pump, but it came in early than they expected. So, basically that would be one of the reason why some are surprised. Another reason was the huge dip that would go below $3,000 as per predition of TA's , but I think it will never gonna happen, since the market are gradually comming back on track.

This coindesk analyst is the same one that was predicting that BTC will probably break the resistance and go upwards above, possibly towards 15k USD, and right when he posted that the price tanked. Just read the comments. That's how good of an analyst he is, so I wouldn't base any real decisions on his articles.
https://www.coindesk.com/bitcoin-defends-11000-mark-and-eyes-move-higher/

If you knew what a short squeeze is, you wouldn't be surprised that we went up.

I think the downward trend of the cryptocurrency market has stopped and it is hard to bitcoin to fall below $ 7k during this time. Get your own home in this market because the masses often do not win the financial market.

Its because there's no positive news that will really push the price from $6K-$7K levels in short amount of time. Frankly, I was surprised at all and I try to look at every news so see what might seems to influence the sudden jump.

Maybe there's no single contributory factor to the sudden pump but its good thing that the increase is sustainable at least at this very moment because it has broken the next mental barrier ($8500). Maybe the next question would be, will the growth another bull trap or is this a sustainable and the start of a bull run that we all been waiting for?

I was not suprised at all, btc was oversold now it is going back up to where it should be

Having being in the bitcoin market for a longer period of time, these burst in growth when the market looks generally weak is not new, it has happened in the past and most of the time you wonder why the market is going higher this fast and the volatility level is really high in bitcoin, the crazy thing is that future traders will have a difficult time taking a position with this market.

This increase is very encouraging for those bitcoin holders with very good spikes, and after a long decline and this is the end for the rising and rising bitcoin prices.

The red zone had gone soo dip and lots of coins had lost value,  with claims and prediction that crypto is coming to an end  and most influential parsons speaking negatively of BTC, no one expected the sudden turn in fortunes for BTC, everyone thought  it would slam and most sold out of panic, but then BTC is just BTC, made the recovery as it always does.

After so long the bitcoin is inside the bottom of the cliff and maybe it's time for bitcoin to crawl up from the abyss, and this may be because of the rising bubble that will occur, to increase the price of bitcoin.

Maybe because many peoples waiting bitcoin price drop to $5000 and then they buy it and when bitcoin price jump to $8800, many suprise because they dont expecting it. I am still believe that bitcoin price like many expert said, it will reach $25k end this year and better hold it for long term

The last growth of bitcoin was not a surprise. Almost all analysts and experts predicted the growth of bitcoin after April 15,
when the term of payment of taxes by large crypto exchanges will end. Moreover, crypto-currency market participants were tired of the constant BTC price fall. The market can not constantly fall. Therefore, bitcoin found the bottom at 6,000 dollars and turned from this point.

In general, most of bitcoin users both expect that bitcoin can reach to high peak. Especially, as you can see the bitcoin price in the last two weeks, this  is maybe a crutch time of bitcoin market and everyone hope that its price can fluctuate in a good way. They seem to get a big panic with bitcoin value in that time. To speak frankly, because bitcoin is well-known for its volatile, thus when it’s getting increased suddenly which makes me feel amazing.

I think it was surprising for people that were new and only recently got on board.  For everyone else, it might not have been so much of a surprise.

It seems like when bitcoin gains momentum, then the entire cryptocurrency market is also gaining momentum.

Yes right, if we are familiar with bitcoin for more than 1 year then price increases and prices are common, I would be surprised if this year's bitcoin price could reach $ 1 million or $ 10.

Because no one had thought that bitcoin would enter a bull phase again so fast after the last years rally and that it would take some time before we see any big green candles in the markets. And just when every one thought that bitcoin was going to drop to $3k levels the markets rebounded.

The last growth of bitcoin surprised everyone because crypto traders and investors are already accustomed to dropping the price of both bitcoin and main altcoins. Especially since there was an explosive growth, when bitcoin grew by more than 1 thousand dollars in 10 minutes. In my opinion, the whales from
Wall Street entered the crypto-currency market. I hope the up trend of bitcoin will continue.

Honestly,i'm not surprise for the bitcoin growth because I know it will really happen,i'm always expecting that bitcoin will grow more this year and it never comes to my mind that bitcoin price will drop down to below $ 6k this year as they always predicted in this forum.

because at the end of last year the price of bitcoin is very high and is now experiencing a decline in prices long enough and surprising everyone

I think for you to understand this, you have to look at what is happening with the Tesla stocks at the moment. A lot of people are taking a short selling position with borrowed stocks. To make it even easier to understand, I will include an article that was written about Tesla : https://cleantechnica.com/2018/06/18/coming-tesla-tsla-short-squeeze-will-stock-go-supernova-in-3-weeks-elon-implies-it-will/

It is a high risk investment strategy and people shorting Tesla have lost a lot of money.  ::)

If i'm not mistaken we're expecting a fall by that time but the opposite way happen. Who wouldn't be surprised by that? It surpass all of our expectation too much. Even I was surprised that articles has been posted about btc and it's price for how many times here in one of our top leading broadcasting company.

when the market is in a downtrend, it is difficult to expect growth. this is used by those who adjust the growth to the news