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Author Topic: BTC rally of $9,000 ain’t enough?  (Read 524 times)
JayJuanGee
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December 16, 2019, 04:48:07 PM
 #41

What do you mean by enough is the real question. If you mean that if we go to 9 thousand dollars we still have a chance of dropping once again, you are definitely right.

Bitcoin once hit 20 thousand dollars and went as low as 3 thousand dollars, so sorry but whatever the price of bitcoin becomes there is a chance of dropping significantly, we can't stop bitcoin to drop or change since in the end we seriously don't have any control over it. That is the beauty of bitcoin tho, nobody can control it. So in the end, $9k is not enough to make sure bearish stops, $20k is not enough, even a million dollars is not enough, in the end there is always a chance of bitcoin dropping 50% in value at any given second even while I am typing this down. Don't look at the pessimistic part of it, look at the fact that 50% increase is also possible.

Yeah, the whole substantive point of OP seems to be filled with nonsensical presumptions regarding bitcoin supposedly underperforming where it "should be", and you are correct, justdimin, that there is no real "should be" in bitcoin.  It's going to do whatever it does, and sure whales are going to  attempt to manipulate it one way or another to their benefit to the extent that they can and while they can, but there are going to be times that they can no longer manipulate it in the downward direction and at that point, there is no real choice except up.

There are some truths to the 4-year fractal pattern model and the stock to flow model, but there are likely going to even be attempts to cause those models to NOT be true, at least for a certain amount of time until the BTC price ends up gravitating back to the various projection points within those price prediction models.

There also could be points in which we figure out that either the 4-year fractal pattern and/or the stock to flow model are not correct in their BTC price prediction assertions, but so far they seem to be holding up pretty damned well.

Bitcoin naysayers, of course, will assert that the models are good, until they are not, which is also true, but if many of us are bitcoin buyers, accumulators, HODLers, we have already concluded that overall bitcoin appears to be a pretty damned good investment, even if in the short term there can be some painstaking periods in which we perceive bitcoin's price to be either too stagnant or moving too much in the negative direction.  Certainly, longer term bitcoin buyers, accumulators and HODLers should not be disappointed by Bitcoin's performance in 2019, including a couple periods in which we witnessed seemingly extraordinary price performance, including the 3.5x price move from $4,200 to $13,880 in less than 3 months, and also the about 42% price move on October 25 from $7,300 to $10,300 in less than 12 hours.

So, yeah, even if we have witnessed BTC price corrections that largely retrace both of those above mentioned BTC price moves of this year,  BTC buyers, accumulators and HODLers should realize that there remain certain difficulties that bearwhales are going to have in keeping BTC prices down to a certain points of difficulties and also the passage of time can end up working against them in terms of there are too many difficulties to keep BTC's price down.  Surely, the upcoming halvening contributes to the UPwards BTC price pressures, even though it can take many months, even a year or more, before the lessening of the new BTC supply is felt in a kind of explosive and no longer able to keep it down kind of way.  Wink Wink

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ardentvolcanoes
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December 16, 2019, 05:04:06 PM
 #42

Very unpredictable market, honestly I will be happy to see BTC to reach 10k before the year ends but it seems that negative sentiments is very strong and its pulling down everything slowly shattering bullish dream citing another bearish Holiday for hodlers.

Still far from being hope to reach $ 10000 bearish will continue to continue until the beginning of the year and on this holiday as a BTC holder is a nightmare because btc that has been much awaited turned out not to appear in the good direction.
Perhaps the highest level this month will only be stuck at $ 7,500 and it can still go down again.
Sad but true, there's no big pumped happened while many still hoping for the best value before the year ends. Most traders are aiming for short  gains and not willing to hold and wait. From this instances the market still suffering from the bloody situations making things more harder to anticipate the next market runs. There's no certainty so be very wise and careful with how you engage with the market.

We are not sure how things will turned it's about how you believe and how far you can hold and wait.
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December 16, 2019, 07:03:25 PM
 #43

Very unpredictable market, honestly I will be happy to see BTC to reach 10k before the year ends but it seems that negative sentiments is very strong and its pulling down everything slowly shattering bullish dream citing another bearish Holiday for hodlers.

Still far from being hope to reach $ 10000 bearish will continue to continue until the beginning of the year and on this holiday as a BTC holder is a nightmare because btc that has been much awaited turned out not to appear in the good direction.
Perhaps the highest level this month will only be stuck at $ 7,500 and it can still go down again.
Sad but true, there's no big pumped happened while many still hoping for the best value before the year ends. Most traders are aiming for short  gains and not willing to hold and wait. From this instances the market still suffering from the bloody situations making things more harder to anticipate the next market runs. There's no certainty so be very wise and careful with how you engage with the market.

We are not sure how things will turned it's about how you believe and how far you can hold and wait.

It could get really ugly when the 6 month CME papers start closing in the end of the month. I'm leaning more to a brutal capitulation currently.
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December 16, 2019, 10:02:08 PM
 #44

Market is always unpredictable and it best if we remain positive, as anything can happen in this market. Most time it seems the market just takes it turn without a reaction of any news or so. This particular reason makes me tired of listening to any prediction cause most are not even close to it.
I say let's reach the price of $9,000 before we start estimating if the rally is enough or not.
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December 17, 2019, 12:40:54 AM
 #45

Until we reach ~$11000 I think it's fair to say we're still in a bear market. We haven't seen $11k since August, only lower highs and lower lows.

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