2 Bitcoin Pumps and market going up: Beware!

[BrewMaster]

talking about a tiny rise or fall as if it is a big deal is just showing the lack of mathematical understanding of numbers.

In many cases, I'd say you're correct. In this case, price is in a tightening range for the past 4 months. As such, it will take increasingly small moves for a technical breakout to occur as time goes on.

As John Bollinger likes to say, "it's time to pay attention." The 1-week BBs have not been this tight since April 2017 (i.e. directly before the last bubble). The next move should be big.

a very good point. but i say this is still bitcoin and small moves are pretty common and they may not trigger anything even if we are in such a range. for example currently this range is about $1000 at least. meaning upper part is at $8000 and lower is at about $7000. so going up from $7300 to $7600 isn't really going to change much.

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[darewaller]

The Japanese sometimes sell BTC Mondays causing 300 USD Bitcoin price drops!
Buying in now is a gamble!

That should not be a worry anyway, for someone who is long. The only worry will come when it is dropping below $6800. Buying and selling is always an educated gamble most especially for traders, and whichever way, the market on 4 hour chart, was already showing some bearish divergence on the 4hr chart anyway, so it is not really like with or without the Japanese, the chances of seeing the value coming a bit down is not possible.

[beerlover]

The Japanese sometimes sell BTC Mondays causing 300 USD Bitcoin price drops!
Buying in now is a gamble!

yes buying now is a gamble,  so make sure to buy what amount you can afford to lose to prevent regrets. And always bear in mind to don't jump quick to any false news about the circumstances of the growth rate 'cause nowadays fuds always exist to intimidate. So you must make your own research before making decisions,  and always control your emotions to avoid panicking , or exit immediately if you gained enough profits to ensure your money and profits  is safe .

That should always be the case most times whenever you are investing in a market and you simply do not have much idea about trading. In that case, you are more like taking a bet. Any sane trader will obviously wait for a clear signal before buying in now and the signal presently is to sell and not to buy actually for those who can use the histogram MACD or RSI on the 4 hour chart. I am still hoping for a double bottom though, but nothing is certain yet.

[bering]

buying bitcoin now is not gamble even this is good opportunities to buy more and nothing to worried about that because in my view dropped only $300 will not makes people panic and dump their bitcoin and the problem in bitcoin is how far you can utilize downtrend situations because when the price dropped then we can buy bitcoin more cheap at that time

[speem28]

The Japanese sometimes sell BTC Mondays causing 300 USD Bitcoin price drops!
Buying in now is a gamble!

Care to share the source? So that we can determine the information if its legit or not or else this would just turn out to be a FUD and that is what most of us hates especially those people who are easily swayed by these kind of information.

On the contrary, even if they do sell on Mondays, buying is not a gamble because you know when a possible dump might happen so you could play around your bitcoin to earn you profits.

[harizen]

The Japanese sometimes sell BTC Mondays causing 300 USD Bitcoin price drops!
Buying in now is a gamble!

Buying at any price level always at risks. And besides what's new? People are used to this kind of situation so no worries at the end as long as they understand the risks. There are even much worst speculation compare to that. And $300 range of price movement won't harmed much.

If people's goal is to increase bitcoin in their stash and hodl it for long, then they can consider the current price as entry point since even the price goes up high or low the next day, still they will hodl it.

The Japanese sometimes sell BTC Mondays causing 300 USD Bitcoin price drops!
Buying in now is a gamble!

Care to share the source? So that we can determine the information if its legit or not or else this would just turn out to be a FUD and that is what most of us hates especially those people who are easily swayed by these kind of information.

No need for legit source. Again like I said, range $300 price movement won't harmed much and people are used to it nowadays.

[Fasunathan]

The Japanese sometimes sell BTC Mondays causing 300 USD Bitcoin price drops!
Buying in now is a gamble!

Care to share the source? So that we can determine the information if its legit or not or else this would just turn out to be a FUD and that is what most of us hates especially those people who are easily swayed by these kind of information.

On the contrary, even if they do sell on Mondays, buying is not a gamble because you know when a possible dump might happen so you could play around your bitcoin to earn you profits.

Its barely transparent to all of us who traded bitcoin nowadays, nobody aim for long term profit but rather choose to play day trading. However we couldn't control those group of people who did those kinds of trading strategies, because all of us wanted profit in an instant.

[truimpheriues]

The Japanese sometimes sell BTC Mondays causing 300 USD Bitcoin price drops!
Buying in now is a gamble!

this now good time to buy bitcoin
because bitcoin price is cheap but must hold long time if want get much profit

[Superzpay]

The Japanese sometimes sell BTC Mondays causing 300 USD Bitcoin price drops!
Buying in now is a gamble!

Not if you plan to hodl for the long term investment and dont care about short term movements. To many people that is the most important part of investing in crypto, long term potential

Yes these are just predictions for short term trades and no one know that how long these predictions work. They often last sooner and only those traders remain in benefit who invest their money in bitcoin for longer time.
I will also say that invest for long term and will not suggest for short term. I was at a time a short term trader but in that I started to lose so then I started to hold for long term.

[ValerieBTC]

The Japanese sometimes sell BTC Mondays causing 300 USD Bitcoin price drops!
Buying in now is a gamble!

yes buying now is a gamble,  so make sure to buy what amount you can afford to lose to prevent regrets. And always bear in mind to don't jump quick to any false news about the circumstances of the growth rate 'cause nowadays fuds always exist to intimidate. So you must make your own research before making decisions,  and always control your emotions to avoid panicking , or exit immediately if you gained enough profits to ensure your money and profits  is safe .

That should always be the case most times whenever you are investing in a market and you simply do not have much idea about trading. In that case, you are more like taking a bet. Any sane trader will obviously wait for a clear signal before buying in now and the signal presently is to sell and not to buy actually for those who can use the histogram MACD or RSI on the 4 hour chart. I am still hoping for a double bottom though, but nothing is certain yet.

No I don’t think that buying bitcoin is gambling because it is coin business and cryptocurrency investor should be cool and patient. He should realize the volatility of the bitcoin price. Now a day the price is on the way down but it will not last for long. Soon bump will be seen in the price. No need to sell and the best time for buying more and more.

[dothebeats]

Buying bitcoin no matter the situation is would always be a game of luck and gamble. Anythig can happen in a few hours time, and the rapid change in price carries huge risks for investors. Also, the Japs haven't sold anything on Monday, that's all I observed. $100-$300 change in the price isn't a big deal anymore considering the price range we're sitting at, so it wouldn't be a surprise if the coin lost $100-$300 within a day.

[olumyd]

The Japanese sometimes sell BTC Mondays causing 300 USD Bitcoin price drops!
Buying in now is a gamble!

It's natural for Monday markets to be a little bit unsteady, just like the weekends too. This is often a common scenario even in mainstream currency and stocks market. Not necessarily because of the Japanese crypto owners (not entirely dismissing the facts), but key indicator to market anomaly on the first day of the week is most likely due to finding ambient trading potentials set by other indicators too.

[Daimon88]

buying bitcoin now is not gamble even this is good opportunities to buy more and nothing to worried about that because in my view dropped only $300 will not makes people panic and dump their bitcoin and the problem in bitcoin is how far you can utilize downtrend situations because when the price dropped then we can buy bitcoin more cheap at that time

Sensible people are buying bitcoin these days because the price is below $8000 and in the coming months it will grow again and today’s investors will make huge profits. It is not a joke but only serious investors can take benefit of this chance. The end of this year is good for bitcoin and the price will be more than $10000. Just one more bump is needed.