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Author Topic: Please share your prediction about this recent pause of growth rate !!  (Read 232 times)
lablab03
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July 17, 2018, 02:36:27 PM
 #1

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.
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July 17, 2018, 02:49:59 PM
 #2

If there will be some good news at the G20 summit, the increase in price will continue. Otherwise we will revisit sub 6000 dollar prices.
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July 17, 2018, 07:58:05 PM
 #3

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.
There's a 10% rise that has happened for the past few hours and I feel as this is going to be the start of bullish.

Keep on pushing the price up and don't listen to any skeptic "expert" that keep on getting the spotlight of the media to spread FUD.

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July 17, 2018, 09:46:45 PM
 #4

$7,346 on CMC right now. I'm calling it a minor, short-life pump. This is just a result of BlackRock bullish news, which is overhyped. I expect sub $7k by tomorrow, sideways for a year and real action in H2 2019. Hope I'm wrong.

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July 17, 2018, 10:02:07 PM
 #5

$7,346 on CMC right now. I'm calling it a minor, short-life pump. This is just a result of BlackRock bullish news, which is overhyped. I expect sub $7k by tomorrow, sideways for a year and real action in H2 2019. Hope I'm wrong.
It will definitely followed by people who will take profits as they have been waiting for this price.

Nothing new, after pump followed by a dump but that can also be a short term dump if I'm wrong, we'll finally able to see the green lights until December but with some reds.

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July 17, 2018, 10:07:22 PM
 #6

I'll believe it has legs when it sprouts them and runs.

Until then it can't always be relentless doom. Every now and then there's a wee bounce to cheer and fool a few people then back to business as usual.

If this is ETF related I'm going to be rather disappointed in the sheer gullibility on display. It's not any more likely to happen than last time, and it didn't then.

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July 17, 2018, 10:28:52 PM
 #7

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.

Theres no specific nor certain reason about the recent pump, everything is about prediction and speculation. We're setting at $7,300 at this very moment, but I only see one true reason about the pump. There's a slight demand happening in the market causing the price to pump as the supply was being sold. Thats the brief and concise reason for every increase of btc price.

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July 17, 2018, 10:31:33 PM
 #8

I think this is a mid-term bull trap. We've got a solid base, and the repeated attempts to break range to the downside were summarily denied. Now we've run stops above the $6,800 level, giving us a nice squeeze today. $7,500 is another logical stopping point due to the the breakdown in June.

I believe we should trend upwards for a while. There should, however, be major resistance near the $8,400 long term mode. I plan to sell into that area and reassess.

Regarding the bigger picture, I think this is still a range market. I don't see any new all-time highs coming for quite a while.

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July 17, 2018, 10:39:18 PM
 #9

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.

Now sitting at $7,300. The price rise from $6,600 started few hours ago with a little bit of swings.

Will the bullish continue? Of course no one knows the answer that's why you need to test your strategy and not just because others told you what things you need to do. In my own view, obviously I do believe that a bullish trend will happened again.

People can speculate what they want. It's up to you if you will believed or not. Trust bitcoin on the way if you really believed.

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July 17, 2018, 11:00:43 PM
 #10

If there will be some good news at the G20 summit, the increase in price will continue. Otherwise we will revisit sub 6000 dollar prices.

That would be a great opportunity for us seeing the increasing price constantly changing to profitable value. Although we've meet the $6k price, it doesn't mean we're hopeless to gain good price of bitcoin. Sincerely were at the stage of giving up, but learning the same ways as other traders did really given us enough strength to acquire that determinations all over. Hopefully good news will take over so that people will confidently entrust their future with bitcoin without any hesitations. If it would happen that the demand rises, we'll be able to experience the bull market in the nearest days to come.
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July 17, 2018, 11:58:37 PM
 #11

Just tell me, why do we need bitcoin's price higher than 6000$ or even more than 600$? Is it used so massively that this price isn't enough for circulation? And mining is still profitable too. The time we have to expect rise is halving, yeah, number of block reward will reduce and for this current price won't be enogh for good profit. Otherwise to my mind there is no reason for rise and this pause of growth rate is absolutely adequate.

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July 18, 2018, 02:45:06 AM
Merited by pooya87 (1)
 #12

$7,346 on CMC right now. I'm calling it a minor, short-life pump. This is just a result of BlackRock bullish news, which is overhyped. I expect sub $7k by tomorrow, sideways for a year and real action in H2 2019. Hope I'm wrong.


Never in Bitcoin's history has it gone sidways for a year. The only thing close to that was 2015 which was a farrrrr different situation that today and even then it was still going up and down by almost 50% a few times throughout the year and ended the year at more than double the january 2015 low. So what you are predicting would be totally unique in the history of bitcoin, therefore exceedingly unlikely to happen.


Much more likely for the next year will be the first gradual year of a long bull market (like mid-2015 to mid-2016), leading up to a boom year in 2020. Of course if institutional investors and ETFs start jumping in on Bitcoin soon then 2019 could actually be the next boom year, but if we're playing it conservative I'd say 2019 expect a rise back to and above $20k and 2020 expect the next exponential boom bringing it to around $100k.
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July 18, 2018, 03:57:27 AM
 #13

when we are on a slow rise, these pauses do happen because there aren't that many weak hands to FOMO buy bitcoin and push the price up fast. but as you can see as the price started gaining momentum and $7000 was in sight we saw all those FOMO buyers who were singing the doomsday song jumped back in and price went up fast because they poured the money they were holding for purchase at $5000 in bitcoin at $7000+

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July 18, 2018, 11:09:35 PM
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 #14

Much more likely for the next year will be the first gradual year of a long bull market (like mid-2015 to mid-2016), leading up to a boom year in 2020.

...Why? We've just had a bull market for 2-3 years. I'm bullish on Bitcoin in general, but why would you assume that a correction must be so short-lived? I won't rule out a recovery like mid-2013. But I certainly wouldn't plan on it either.

In any other market, after such a length of bull market and especially after a blow-off top, it's only prudent to be prepared for a long-term correction (like 2014). That's why even megabulls like Masterluc expect continued correction into 2019 (as well as conventional chartists like Tim West).

I still sense so much hopeful sentiment that I can't help but think this is a bull trap. 25% from the bottom, and everyone seems bullish and planning for ATHs? That's not what the start of a bull market feels like!

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July 18, 2018, 11:15:07 PM
 #15

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.
the market is getting green, there is an increase of about 10% stop trusting FUD.
I'm very sure this is a good start for bitcoin, if it does not happen pump in august maybe at the end of the year ie december, i'm very confident with that.
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July 19, 2018, 03:08:34 AM
 #16

do you believe guys on this circumstance BTC will continue to bullish or not?  'cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.

I believe that the speculations are true which cryptocurrency analyst is expecting for the price of bitcoins to grow even more and it will reach $50k dollars before the year ends.

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July 19, 2018, 03:18:02 AM
 #17

Well,  we can see a price increase recently, and this is to show us that a static price is not a cause for alarm or so. If you have been familiar with the prices of bitcoin over the years,  you will be aware that some times the market may seems still. Many impatient investor will rush off and sell off.  If you are wise,  you hold on. Moreover,  I'm kinda reluctant for prediction, let's see where this recent price takes us.

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July 19, 2018, 03:40:39 AM
 #18

do you believe guys on this circumstance BTC will continue to bullish or not?
I always do.

cause the price now is paused around $6600 value and it seems to me it will  fluctuate again like what happened before which is after the small pump the fluctuation of price occured.
$7,300 now.

The small pump is expected and get ready of it and it seems to be visible now so if you are still holding, keep it.

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July 19, 2018, 07:22:20 AM
 #19

I still think that we are in for more of a slow rise than anything else. which means what you see now is not a "pause of growth" but the growth itself but at a slower pace than what you are used to because of last year.
you can think of it as something like 2015 where price was rising slowly from $200 to twice that value at $400.
right now we may see big jumps and possibly big drops too because market is not yet 100% calm but we are getting there, if you see the recent jump it was the same as last time we were in $6k range but this time it was slower. last time we went to $8k+ but this time it was a slower rise to $7400.

I say if nothing unexpected happens (like a bit exchange hack for negative effect or ETF approval for positive effect)  we will continue seeing this slow trend continue.

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July 19, 2018, 03:38:15 PM
 #20

I still think that we are in for more of a slow rise than anything else. which means what you see now is not a "pause of growth" but the growth itself but at a slower pace than what you are used to because of last year.
you can think of it as something like 2015 where price was rising slowly from $200 to twice that value at $400.
right now we may see big jumps and possibly big drops too because market is not yet 100% calm but we are getting there, if you see the recent jump it was the same as last time we were in $6k range but this time it was slower. last time we went to $8k+ but this time it was a slower rise to $7400.

I say if nothing unexpected happens (like a bit exchange hack for negative effect or ETF approval for positive effect)  we will continue seeing this slow trend continue.

Slow growth is what we will definitely see over the next 6 months or so. I believe when we start approaching $20k again, many people will fomo back in. Especially if an ETF is live and approved. This bear market was much shorter than the one in 2014 and it makes sense. Bitcoin had a significant amount of exposure during 2017, so there would be no reason for a long bear market like the one from 2014. I am starting to doubt that an ETF will be approved though, as the reasons why the winklevii twins' ETF were denied are still concerns the SEC has with Bitcoin today.
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