The market goes up or bull-trap ?

[South Park]

The market goes up  or bull-trap ?
You guys have any opinion about this ?

The market is going up right now and it seems the growth is solid but we are depending on the approval by the SEC of the ETF and if that does not happen this could become a bull trap, I know that many people are very sure we are getting approval this time around but I do not know why they are so positive since we have been denied that all the previous times it was tried.

[King Koy]

We can not detect that if its a trap or not the best thing to do is buy your favorite coin or the coin that you desire most during the bear market than with for the good sign which no one knows if it is just a trap or not. Better to always keep your fund safe from the danger of dump.

[Freegan]

The market goes up  or bull-trap ?
You guys have any opinion about this ?

I think this is the ideal time to buy a good amount of bitcoins, and forget about them for at least one year, because I am convinced that the current range in which bitcoin has been moving, around $8,000, will remain for quite some time, although eventually you can see some small pumps that will lead many naive to fall into a bull trap.

Therefore we must be very patient in these times and relax, forgetting about daily trading and focus our efforts on other investment opportunities to diversify our portfolios and not focus so much on cryptocurrencies.

[NOTARIUS_BTC]

No, this is a common trend of the 21st century, where paper notes go by the wayside. But some ignorant people are afraid of change.

[crypto_hann]

I think that it is not necessary to draw conclusions about whether it is a trap or not, seeing a possible beginning of the growth trend. At the same time, I think it is necessary to focus and draw conclusions for the medium and long term.

[kinamotorami]

Yes in my opinion we do not need further speculation until now because the market is still bearish so that fluctuation and decline will still continue. we better buy because of current market trends. But I hope everything will be OK in the coming months.

but by the end of the year the market will rebound, maybe the market will never rise to the same in late 2017, but let's hope, wait, do not be discouraged, someday lucky to come with us

[pinoyden]

Yes in my opinion we do not need further speculation until now because the market is still bearish so that fluctuation and decline will still continue. we better buy because of current market trends. But I hope everything will be OK in the coming months.

but by the end of the year the market will rebound, maybe the market will never rise to the same in late 2017, but let's hope, wait, do not be discouraged, someday lucky to come with us

maybe the market will never rise to the same in late 2017

the market did rise a lot on the year 2017 but it happend before the year end ( i.e in the month of november and december ) so there is also a big posibility that the cryptos this year will only pump before the year ends ( history repeats itself as what they say )  so , for now we can say that is just a bull trap because the real bull will only occur on november to december .  therfor instead of worrying to much , why can you guys buy a lot of coins at this dip? so that your discouragement will turn into an excitement .

[Silverhand]

It must be a trap. I think the current trap is still not over and many people will go bankrupt. The market will once again fall unexpectedly.

[Elcapsono]

The market goes up  or bull-trap ?
You guys have any opinion about this ?

We hope that thanks to the support of investors and the infusion of investments this upswing will continue. I think that all the traps have already passed and this is the beginning of a new development and upward movement, so the forecasts for September are still being justified.

[yountt2]

What we have in the market right now has nothing to do with bullish sentiment.  The bleeding of prices if still on going as far as I know,  let's hope there is at least some reversal before recovery and possibly bullish market!

[MGBloomz]

The market goes up  or bull-trap ?
You guys have any opinion about this ?

Whatever you call it...any rise for bitcoin price is a good sign that there's a good chance that the market will become bullish and being a barometer of the cryptomarket bitcoin can give us confidence to other investors to buy more if they see the market is getting bullish.

[mehmet312]

Now it is falling again and again, we are bored from this same things, it is rising little and few days later dropping more and more, when this moves will be end I wonder this.

[Tomak]

Expect the worst now in September when the applications for ETF for Bitcoin get refused. I hope it will fall more because i still did not invest and did not buy any dips.  Next month will be very interesting.BTC should go finally for 5k and Altcoins follow next sell off.

[consideritdone]

https://www.coingecko.com seeing today I scare it might well be trap

[TravelMug]

https://www.coingecko.com seeing today I scare it might well be trap

Let's wait for a few more days. For me, I'm not seeing a new trend meaning, it still on sideways. So it can go either way. If this is a bull trap it should happened by now, but so far no clear trend.

So let's see how it goes and continue to observe the market and make necessary corrections if needed. No need to be scare though, but just be prepared and used our common sense.

[lamadu3]

What we have in the market right now has nothing to do with bullish sentiment.  The bleeding of prices if still on going as far as I know,  let's hope there is at least some reversal before recovery and possibly bullish market!

Something very strange is going on the market as I see. One day, you check the crypto prices and see that they are 10% higher than before. The next day comes and they lose these 10% and even more.

[Mihaylovic]

The market goes up  or bull-trap ?
You guys have any opinion about this ?

as i saw that was posted on april, it was probably a bull trap. it is not easy to understand the raise exactly if it is a bull trap or a natural increase. that is why crypto market is extremely risky.

[lyons]

The market goes up  or bull-trap ?
You guys have any opinion about this ?

The market is not going up strongly. In my opinion, the bear season is still ongoing, and I think this small ascents are not the sign of the season of the bulls.

[samsung001sss]

The market goes up  or bull-trap ?
You guys have any opinion about this ?

After a while everyone understood that it was a trap and worth while to sell the coins now to buy them, but alas many did not, potomuchto did not know the truth.And now it is useless to talk about the result x, and forecasts.

[batang_bitcoin]

The market is unstable and it shouldn't go up all the time. Its highly volatile and due to it that gives the market fluctuations that sometimes we like but most of the time we don't. Whether its a bull or bear trap, we are all speculating and we dont know for now at least, where it is going but once we see a significant movement like being positive for consecutive weeks I guess thats the start of the bull run.