I've noticed something strange

[spartak_t]

Hey guys,

As the title says - I've noticed something strange. Some major currencies are losing short-term value (not only against EUR/USD/GBP/name_your_currency), but against Bitcoin as well. I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Reading my thoughts this way looks hilarious, but "myself know what I mean". We've seen this before, but I'm pretty sure something is about to happen.

What are your thoughts?

[1714033631]

1714033631

[grim66]

Which currencies are you referring to that are losing value against the dollar etc? From what I can see most are relatively stable after a slight recovery in the recent week, such as ether and XRP and LTC.

[spartak_t]

Which currencies are you referring to that are losing value against the dollar etc? From what I can see most are relatively stable after a slight recovery in the recent week, such as ether and XRP and LTC.

Relatively stable and this market are a completely different things...

[LoyceV]

I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Basically you're saying it can go both ways, nothing new there

[spartak_t]

I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Basically you're saying it can go both ways, nothing new there

You're right, but both ways means Bitcoin and altcoins. Looks like "investors" are packing up for a Bitcoin's uptrend, but there is another side of the story - TA and expectations are not always applied to cryptrocurrencies. Which means some craziness is about to happen, at least in my views.

[Martisor-Sobru]

Well, say straight.
What do you think is coming?

Edit: Now people are not afraid of the hard fork.
Are greedy. They want btc-gold & co.

Whales can not take them  BTC.
But after the fork people will sell. Why be the high price then? Be to the detriment of whales? It's not logical.

[spartak_t]

Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

[khufuking]

Well I will go with number 1 and to be honest I do not see anything strange here ! And the reason I am going with number one is because it is already happening BTC up around $500 in the last couple of days that is not rocket but is also not small % .

[Martisor-Sobru]

Or maybe the whales want to sell at a high price now to people who want btc-gold&co.
But if the price increases by $1000 people do not buy because BTC-gold&co hardly be hundreds $.

[richardsNY]

Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

Long term speaking, there is only one way for this market, and that's only up. Short term speaking, the only obstacle that stands in the way of this growth is the hard fork in November. It's impossible to put it aside like it doesn't matter, and due to the uncertainties connected to such an event, I am expecting anything between $3000 and $4000 till we know how everything plays out. I prefer to not do anything at this point, but might start increasing my positions if the market falls well below the $3500 level.

[spartak_t]

Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

Long term speaking, there is only one way for this market, and that's only up. Short term speaking, the only obstacle that stands in the way of this growth is the hard fork in November. It's impossible to put it aside like it doesn't matter, and due to the uncertainties connected to such an event, I am expecting anything between $3000 and $4000 till we know how everything plays out. I prefer to not do anything at this point, but might start increasing my positions if the market falls well below the $3500 level.

That's what worries me the most in the first place.

[GreatOrchid]

I think the same as you, market can go in both directions in this month, and we all are holding our coins before the new fork on november.. this is not for being greedy, but i do want to receive some free coins, and i think that there is nothing wrong with that. anyway, bitcoin is always unpredictable, and currencies play a major role in the price of it, so we can not expect anything from it, just lets wait for news.

[CoinsCoinsEverywhere]

I think the same as you, market can go in both directions in this month, and we all are holding our coins before the new fork on november.. this is not for being greedy, but i do want to receive some free coins, and i think that there is nothing wrong with that. anyway, bitcoin is always unpredictable, and currencies play a major role in the price of it, so we can not expect anything from it, just lets wait for news.

Getting some free coins is not the only good reason to hang on to what you've got just before the fork.  It's also a good hedge in case the unexpected happens (although I'm not even sure at the moment which is the expected outcome and which is the unexpected one).  As long as you have both sets of coins, whichever "wins" after the fork, you're covered.

[xypos]

I'd say that the uptrend will continue well into the end of the year at least. We'll probably see new all time highs being set for bitcoin in the process, and potentially break $6k or even $7k barrier.

After that, i think that it is likely we'll experience an adjustment and profit takers start dumping. We simply cannot go bullish forever. Years in between halving are usually actually quite bearish for bitcoin or simply sideways movements.

[jorneyflair]

I'd say that price will probably skyrocket before a dump.

Probably we're going to see incoming an all time high once again, to the tune of $5500-$6000. However after that the price could plummet to around $3500-4000 just because of natural market fluctuation and people panic dumping when the candles stay red for a few days.

[Bitcoinaire]

I'd say that the uptrend will continue well into the end of the year at least. We'll probably see new all time highs being set for bitcoin in the process, and potentially break $6k or even $7k barrier.

After that, i think that it is likely we'll experience an adjustment and profit takers start dumping. We simply cannot go bullish forever. Years in between halving are usually actually quite bearish for bitcoin or simply sideways movements.

I think it will continue to grow as it has been for the last year or so. We rocket up, pullback, consolidate, climb up slowly, etc. There is SO much money flowing into cryptos, everyone wants in. Goldman Sachs, 65 crypto hedge funds, bitcoinira (is seeing explosive growth, ~$32 million within a 5 day period a few weeks back).

[jjacob]

Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

Long term speaking, there is only one way for this market, and that's only up. Short term speaking, the only obstacle that stands in the way of this growth is the hard fork in November. It's impossible to put it aside like it doesn't matter, and due to the uncertainties connected to such an event, I am expecting anything between $3000 and $4000 till we know how everything plays out. I prefer to not do anything at this point, but might start increasing my positions if the market falls well below the $3500 level.

The previous hardfork surprised the hell out of everybody. Nobody could believe that the price would take off after the split. The November fork is a lot more contentious. The date is pretty close and people are still talking about whether there will be replay protection.

[pooya87]

Well, say straight.
What do you think is coming?

I'm kinda confused, but would bet on a uptrend (on everything worthy).

Long term speaking, there is only one way for this market, and that's only up. Short term speaking, the only obstacle that stands in the way of this growth is the hard fork in November. It's impossible to put it aside like it doesn't matter, and due to the uncertainties connected to such an event, I am expecting anything between $3000 and $4000 till we know how everything plays out. I prefer to not do anything at this point, but might start increasing my positions if the market falls well below the $3500 level.

The previous hardfork surprised the hell out of everybody. Nobody could believe that the price would take off after the split. The November fork is a lot more contentious. The date is pretty close and people are still talking about whether there will be replay protection.

there was nothing surprising about that fork actually!
the fork itself was planed ahead and we finally got rid of the attackers, even if for a short time. and the price went up because we got rid of them and also additionally because that fork was at the same time with activation of SegWit or have you forgotten that

[Cacingkemi]

Hey guys,

As the title says - I've noticed something strange. Some major currencies are losing short-term value (not only against EUR/USD/GBP/name_your_currency), but against Bitcoin as well. I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Reading my thoughts this way looks hilarious, but "myself know what I mean". We've seen this before, but I'm pretty sure something is about to happen.

What are your thoughts?

There is nothing strange if thinking about there (usd, eur, gbp, my name curency RP),all real currency down which rose only not real currency like BTC.I don'tt know what I say but I know what I mean like that,real money seems to be worthless when compared to BTC.

[LoyceV]

Getting some free coins is ...

A fork does not give you free coins, the value doesn't come from nothing. It comes from the original coins you had, and the higher the value of the Forkcoin, the lower the value of your original coin gets. Even if both go up, that means it would have been higher without fork.

Read this: Bitcoin Cash Is Not Free Money