Nobody knows when the right time to buy or sell is. Honestly I think a better buy would be the $5000-$6000 area because according to technical analysis that area has more support. And its better buying cheaper because you can buy more BTC for the same price. Problem however is that who knows if it will ever reach that area.
*skip*
I enjoy trading 10-20% price swings, because most of the time they retract back. It's basically free money. And just always buy the dip with a small portion of your cash. I always plan for 10 dips long term and invest roughly 10% of my stash with every dip. |
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What's going on with the market as everyday you can see a quick pump or dump which was not the case until last one month? I thought it's done by whales but I don't think they will do it so often. Who is creating these fluctuations and where will this lead us? Bull run or bear market?
The ones who do it are traders and buyers, ranging from small traders and even whales. I have often said if dumper and pumper occur because of the reflection of transactions in the market, dumper occurs because big players make profit at the end of the year and that is normal. No need to bother too much about that. It's just scalping in both directions with leverage. It will stop until the market decides to go to a specific direction. At least it's a pretty stable trading range. |
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Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?
I am a little confused and ambiguous with what you mean, however low the current price of bitcoin will not shift its trading volume below other altcoins. So bitcoin remains number 1, by volume and capital is the biggest among other altcoins. The CME futures pump wasn't as severe as it should be. Makes lower lows more probable now. |
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It ain't about the halving actually but more of the hype that will come.
Trust with bitcoin had grown and more people are into it. 2 months after the halving and you will see it. Better to fasten your seatbelt.
There is no hype without substance, the fact is that halving will reduce the number of coins being released and in turn it will create a deflation in the market and if there are many buyers and less sellers then you will see the price going up and it is simply moved on the basis of demand and supply and when you see more buyers coming in the market people will start investing in it and create a temporary bubble and it will go on as long as the bubble lasts.  Just love to look at the S/F ratio when hearing about the halving. |
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*skip*
Yes, being optimistic is very necessary right now, but we also need to have awareness of the current conditions. in my opinion, even to reach $ 10k by the end of this year will be very difficult. I predict the price of bitcoin will only be in the range of $ 8000 to $ 9000. This all depends on whether the development of bitcoin at the end of this year is positive or negative, and if it is negative, I'm afraid the price range of bitcoin is $ 6,000 to $ 7,000.
I hope bitcoin can back the moment with the end of 2017 have price above $15K but with this year maybe not ability for bitcoin have higher price, today under $7k and only have price for bitcoin at end year under $10k, can't raise to higher price for bitcoin because have not good situation for bitcoin and not many country support bitcoin become legal currency payment transaction.
I don’t see how we just knife right through 6-7k area after we spent almost an entire year on that support. That just doesn’t make sense. We haven’t even had a bounce yet! Bears haven’t felt any pain. It’s been too easy. I didn’t jump into a position since I didn’t like the CME reaction, but I’m more tempted to long than ever. I’d say a 10-15% rally is in the cards within the next week to 8k area. Might just watch from the sidelines. |
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Long term trends are usually very strong, but things are looking good short term, until Jan or Feb 2020. Plenty of money to be made in the following 2-3 months. That's the bright side of the crypto world I guess, make money regardless if the trend is bullish or bearish  Hope for the same. Nice volatile trading range for scalping. |
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2019 almost over, all bull hopes for this year is gone. I think it tells us to practice and load more patience maybe next year is the real good year for Bitcoin, but 4 digits price is still a good bargain we mightnot see this prices again in following years (maybe).
If you’re really sad about it, just realize the buy and hold cryptocurrencies to quick profit meme is over. Trade for your profit in the now, just like everyone else is doing. Having the means to bet against something and profit from a downside (aka shorting with leverage) is and will always be the killer of any idealism. You can believe in the tech. You can fantasize about how it can change the world. But you can’t change that people will bet against it. Either buy it all up at any price and prove them wrong or trade in the now for your own profit. |
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Trading is not for all the people. It is very risky for the beginners. There is chance to loss the capital too.
But it is fun with a small trading portion of your size. The market is volatile enough to make a few good scalp trades per month. |
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said PANIC might only be appropriate for novice traders, often I find people around me who have just learned to trade. He always panics when prices start to fall, he seems confused. I always reminded him that trading should not panic because that would stress him out.
But novice trader only manage very low volumes. Almost zero market effect. Only whales make a real splash. |
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anybody konws about it?
its hard to happen, in the last year bitcoin price tend to fall maybe because people prefer to sell their coins for Christmas and welcoming the new year difficult to reach 10,000 usd in this year maybe will be better in the next mid year, i hope  Ironically it seems the institutions are the main buyers right now. Every weekend has been bleed/dump. Retail is completely out and disgusted by the PA of the last 2 years. They aren’t coming back until we are legit in a bull market. Honestly TA is a waste of time now IMO. Market is still broken, whatever happens happens. Just go watch some football and enjoy your weekend |
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It's much easier to have cash settled instruments approved than those that are backed by Bitcoin. It's safe to say that they aren't looking forward to more of the same delays and legal obstacles.
I expect more financial institutions to bet on cash settled instruments rather than Bitcoin settled instruments, so don't be too shocked when there will be dozens of platforms offering the same type of trading features.
Obviously, now that the first few projects came to live it's easier to copy cast than to invent something new. It's the same for all the code copies in cryptocurrencies. |
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I'm not so sure that Bitcoin will reach 8000$. Don't forget that the pump doesn't necessary need to last, it could be only question of a moment. Although I think that the price might reach 8000$ or 9000$ by the end of the year that doesn't necessary need to happen now.
I'd except high $8k, we re not there which makes me worried. So further lows could be a possibility from now. Expected some wild firework. :/ |
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An insider with his ear on the tracks, whispered to me this:
The next much anticipated halving event will be a dud. There will not be a parabolic push up in price. It will steadily move sideways in the 5,000 range with low volatilty. Baffling everyone and flattening peoples interest in bitcoin. Meanwhile people will start buying and trading alts again and stablecoins will see a significant rise in popularity especially with big corporations.
So much for making big gains from the next Bitcoin halving event. You are all shit out of luck?
I've heard the same stories last halving, and all of them were wrong. So please, go on and bet for a long-term decline. |
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It's the most unregulated and radical free market that I can think of. Doesn't it make a ton lot of fun to swim with brutal whales ? Just love the swings.
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I believe the main reason for the current one is that price wasn't going as high as the traders and whales wanted on the recent increase so they wanted to let it go and sell and accumulate more in order to gain more later.
The price was around $7.5k just few months ago in September but it increased to around 9 thousand dollars, people expected it to go well beyond that, into 12 thousands but it didn't which resulted with price being let down once again to try again. When you can't do one thing, it is better to let it go and try again later so that is what we are doing right now.
Hopefully, next bull rally will end up with price going above 10 thousand dollars or we will have to find a way to try again and again and again until we are finally above the limits we want.
Compared to the last pre-halving bubble, the price is rather high. So maybe it has also something to do with it. |
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yes of course, people who panic are those who afraid that lose a lot of their bitcoin and some of them are new in cryptocurrency people not panic are believe in cryptocurrency that in the future increase price and some of them are old in the cryptocurrency like aardvark15 that start see bitcoin since 2012 What I noticed over the last few years in crypto, that if there is panic, be sure to panic first! |
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There was a lot of people trying to battle but in the end as we can all see is that bulls won for now. I mean we are not at a great level where we are out of the gate right away, we are just at a level where bulls are just got away with it a slight bit but still a lot of things to happen. If we get to see 8 thousand or above that means the bulls actually won and we won't get to see anything lower for another while, not meaning "ever in history" but not for a while.
However, if we do not go up or even go down back again that means bears let the bulls use their ammo and waiting their turn so we may get lower as well. None of us will know what will happen before it happens so we gotta just wait and see who wins but if this is a war then bulls won the first fight.
There is nothing won yet. We are still in undecisive area while hovering over the previous low. I would expect to be much higher already, since it is Thursday already. Not feeling that good right now :/ |
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If we react for every price fluctuation on cryptocurrency market finally we will not get anything in our wallet so I advise you to hold your Bitcoins for long term profitable goals.
If you want to react for the fluctuation you need to be a trader or trader mindset while you deal such situation. Investment on BTC is like gold and you don't need to worry for small fluctuations.
You are wrong, some people earn from fluctuations. Traders that buy low and sell high are making a profit, cause price fluctuate all the time. People who invest in the future, that means just for holding for some longer period need to run away as far as possible from news and fluctuations, just to wait for the future to come. If they bother to read news and follow fluctuations they will go crazy probably. Over a long term time span the time in the market beats every other method. Although I'm a very big fan of buy the dip and scalp 10-20% afterwards for some quick profits. |
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If you're going to be putting a good chunk of money into crypto, I would stick with bitcoin for the majority of it. If you've got to buy altcoins, pick some of the biggies like LTC, ETH, and the like and don't stray from that. Once you start buying shitcoins you're just gambling. Nothing particularly wrong with that, but you don't want to be gambling with your life's savings.
+1 to this! It isnt bad to consider some alts but if we do tend to go with some alts then its much more worthy to look upon those are on top option than considering those small cap coins where you do hope to earn 1XXX back with your money.Those good old days wont easily happen as of today so its better not to expect nor hope to this probability.Going all in specially putting all of your savings to any investment is always been risky option not only talks on crypto but also on other real-life investment as well. What alts are considerable good compared to Bitcoin ? Can't name any tbh. Crypto is highly risky already, why put a rollercoaster on top of a rollercoaster ? |
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The halving in 2020 probably won't change the price into bullishness because as expected it will occur in 2021 but when is it exactly? Maybe in Q4 of 2021 that might be the start of Bitcoin to the moon trend. With all of this speculation about of the next halving it only spice up the news of Bitcoin to bull run.
The halving will definitely take place in 2020. |
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