Growth may be just around the corner?

[Hell-raiser]

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

[1715240754]

1715240754

[1715240754]

1715240754

[Rozita]

It is what is shown in charts. The price was falling sharply. After rising to 8000 dollar, there is a strong resistance which don't let the price to fall. Also there is no FUD now.
Many people had believed that the price will rise again. But the time of rising wasn't known. I think the time of price rise is coming.

[jmlona]

There's a renewed sense of optimism in the market right now but still laced with much hesitation and precaution. The longer goes by without bitcoin falling further then the more optimism there will be. For that reason it's hard to disagree with what you're saying. However, using DOGE as a measure of when bitcoin will grow seems like a flawed approach. It's widely regarded as a shitcoin and seems to fluctuate quite randomly at times for no fundamental reason. If you could provide something solid to suggest DOGE price increases are a prerequisite to Bitcoin price increases then I will humbly take back my words.

[peter0425]

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

Last night I was looking at my Dogecoin investment and thinking of dumping everything or moving to Litecoin. Or just deposit it in a gambling site and play with it. But I decided not to because I'm thinking as well that we might see a change of sentiments from crypto investors.

Who wouldn't be pessimistic as almost all of the crypto's plummeted although I have exited in time specially Ethereum and take a lot of profits. But I'm still not giving hope as you do and we might see that the market can withstand everything and can make full recovery starting this month.

[figmentofmyass]

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner.

it depends what time frame you're talking about. a price chart = cycles within cycles within cycles. which cycle do you mean? are you sure we felt true despair---the ultimate bottom, like 2015? maybe we just felt short-term despair.

i get the feeling a lot of the renewed optimism is from folks who didn't experience Q1 2014.

consider how market psychology works. let's assume the recent wave of optimism is correct and $6425 was a major bottom. based on BTC's past bubbles, we could now bounce to $15000 or higher and still be in a bearish market. if that happens, lots of bulls will be trapped and we could see another downtrend similar to Q1 2018. maybe that will bring true despair.....or not.

keep an open mind. that's all i'm saying. this doesn't have to look like 2014, but we have seen multi-year bear markets before. don't just assume this one is over in a few months because "it's different this time."

[timerland]

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

Currently, the price is floating around $8k. The resistance is still there.

The pump was indeed very powerful and did wonders to change the market sentiment after that huge 20% jump in price at the start of the pump. I think that after we consolidate at $7.5k, we may actually go up to $9k+ in the short term.

I wouldn't say that the market sentiment has completely swung in favor of the bulls yet. We're still in a bear market, and there is very little prospect of hitting a new all time high this year. Overall, I just don't see that much momentum to push prices up right now,even though this pump has happened. However, I do see prices start to slowly make its way up at the end of the year, near November-December when the markets are historically very bullish.

[KorakPawon]

indeed for the next few days the price is so down, but we must remain optimistic with the events of today, we must still believe the next few days there will be good news with the development of bitcoin prices are rising, the price decline like this is reasonable to say only too long if judging from the price wektu fall, not only us but bitcoin users around the world who hope prices will recover quickly.

[magneto]

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

The biggest dumps are already in the past for this bear market, in my opinion. The big fall was $20k to 10k and the markets have definitely stabilised a lot after that. Right now, we're in a short term uptrend, which could last some longer.

Even though the biggest dumps are over, I think the price may continue to dip below past bottoms in the next few months.

Price growth of BTC will happen sooner or later. I don't expect it to be "just around the corner", but this bear market shouldn't last for more than the end of 2018, and 2019 will be a pretty bullish year as we establish a bottom and undergo a major recovery. Then, I believe that the bull market will come in either 2020 or 2021 due to the halving event, which always creates hype.

[Herbert2020]

it is not just "a feeling" we have seen evidence that the drop has slowed down significantly and then reached the bottom buy support which was so much stronger than the amount that was dumped into. i don't say drop is impossible now but the evidence suggests that it is over for now and there is no indication of any more of it.

as for the growth, i think it is around the corner but the corner is a little far because it is way too soon to see a big rise. the transition from a bear market to a bull market is not something that  can happen overnight. it will take time.

[Altcoins enthusiast]

Definitely bitcoin and altcoins is about to grow again and now give us another opportunity to join the next bullish push. Many of us has not come to terms that bitcoin has been fighting a good fight for the past three months and if the issues we are currently facing all over the world is over then we are going to resume another upward movement.

[laluna24]

Definitely bitcoin and altcoins is about to grow again and now give us another opportunity to join the next bullish push. Many of us has not come to terms that bitcoin has been fighting a good fight for the past three months and if the issues we are currently facing all over the world is over then we are going to resume another upward movement.

This is absolutely the movement of bitcoin that somehow at this point it is slowly on a green marks. Apparently, we've waiting for the bullish market to continue but as the usual it takes time to reaches a totally growth in these trend. So our positivity may gives us a signs that growth is in nearing months.

[Hell-raiser]

There's a renewed sense of optimism in the market right now but still laced with much hesitation and precaution. The longer goes by without bitcoin falling further then the more optimism there will be. For that reason it's hard to disagree with what you're saying. However, using DOGE as a measure of when bitcoin will grow seems like a flawed approach. It's widely regarded as a shitcoin and seems to fluctuate quite randomly at times for no fundamental reason. If you could provide something solid to suggest DOGE price increases are a prerequisite to Bitcoin price increases then I will humbly take back my words.

I'm judging from a point of view based on fundamentals. Indeed, crypto on the whole is mostly speculation but it still has application as a means of payment on the Internet, however small it could be. Many people understand that and when the dust finally settles, we may rightfully expect a surge of interest toward it again. It is a toy which you simply can't stop playing with for long. As for Dogecoin being a shitty coin, I can't possibly agree with that. From my perspective, Doge perfectly fits into its niche with its price about a few dozen satoshi which is good for things like arbitrage and gambling. In other words, you always know without a second thought where you stand exactly with your doges.

[Hell-raiser]

For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner.

it depends what time frame you're talking about. a price chart = cycles within cycles within cycles. which cycle do you mean? are you sure we felt true despair---the ultimate bottom, like 2015? maybe we just felt short-term despair.

Actually, I'm not thinking in terms of cycles whichever "cycles within cycles" you may mean. I just have a feeling that the market sentiment, which has been negative for the last three months, is going to change to the better. You can call that a gut feeling or whatever, and if it counts as some sort of cycle, then so be it. Though it doesn't mean that I can't be wrong, of course. Just another whale like the one from Mt. Gox choosing to cash out, and we may crash below $5k as fast as we rose to $8k recently.

consider how market psychology works. let's assume the recent wave of optimism is correct and $6425 was a major bottom. based on BTC's past bubbles, we could now bounce to $15000 or higher and still be in a bearish market. if that happens, lots of bulls will be trapped and we could see another downtrend similar to Q1 2018. maybe that will bring true despair.....or not.

I don't think you can distinguish between a true despair and a false one.

[Zenixin]

Even without much pump in the price of some cryptocurrency, I have always felt that growth would soon come. I didn't wait for a particular time to stock up my favorite coins, I took the opportunity immediately the price start dipping cause we don't know where the next turn of bitcoin will take us. Whenever I see reds in the market chart, I don't  feel pessimistic but optimistic. 

Being positive is the only thing we can do, especially if we cant do transactions due to the market dips, we are just waiting to do business again.

[LFC_Bitcoin]

I’d like to hope we’ve already seen the low for 2018 but every time I think we’re gaining momentum some asshole dunps a shit load back onto the market.

Hoping for the best but prepared for another shit storm.

[Pursuer]

I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change.

the market sentiment may be changing but I wouldn't make that conclusion based on the fact that some altcoin made some rise. if you check the altcoin charts you will see that this is a pretty common thing that altcoins get pumped regardless of what is happening in the market in general. we may be in a bear market or a bull market and still some altcoins do whatever they want. that is why it is called a pump and dump market.

[BillCoin]

I’d like to hope we’ve already seen the low for 2018 but every time I think we’re gaining momentum some asshole dunps a shit load back onto the market.

Hoping for the best but prepared for another shit storm.

Some "ass holes" are you mad?
The whole idea about the marketplace is that it is free, when you profit someone loses and also the opposite, the people who "dumps" are probably getting massive gains as other people loses.

It's all about waves, all we need to do as fishes is to ride on the wave, you can't go against those whales who have massive amount of money and can easily manipulate the market.

[BitHodler]

It's difficult to call, but if we consider the $6000 bottom to be a safe haven, then we aren't all that far away from more growth that we will be going through. People just need to accept that it might be a much slower form of growth.

The problem with all the hype driven increases is that it never lasts very long. Hype has certain phases, and when it has completely faded away, regular demand can't sustain what hype demand created, so we fall from there.

The only thing I hope for is a slower but more sustainable growth development cycle. I don't care about how quick we can reach this or that level again, it has no use for me when we can't maintain it. We'll see what happens.

[semobo]

If we compare the bitcoin growth rate year by uear it attains great growth guys so we have to be positive and let's hope for the brighter bitcoin future.The price will recover sooner or later in this year because the market become too unpredictable now.

[Hell-raiser]

It's difficult to call, but if we consider the $6000 bottom to be a safe haven, then we aren't all that far away from more growth that we will be going through. People just need to accept that it might be a much slower form of growth.

The problem with all the hype driven increases is that it never lasts very long. Hype has certain phases, and when it has completely faded away, regular demand can't sustain what hype demand created, so we fall from there.

Long-term growth in the way you mean it is only possible with the expansion of cryptocurrencies into real life. We are still very far from that, whether anyone likes it or not. But it doesn't mean we won't see any appreciable growth in the coming months. As I already said, even if real use is small, this use is real, so to speak. And that's enough for the expansion of crypto at least in the minds of people. It is a curvy road to general and universal acceptance and recognition of crypto but we are well on the way there.