RECENT BITCOIN BULL RUN GOOD BAD OR UGLY

[brewhaust devs]

Well as everyone can see btc has made somewhat of a recovery in the last couple days i was interested in some opinions  if people really think this is the run that will take us to a new high or will it be short lived and will we see a even lower low in the coming weeks,   please feel free to to give your opinions.

[rosemary4u]

It feels great  for this good recovery in the last few days. I believe this rise in price will stay for a long time and even better. You need patience to succeed in the world of crypto. Am sure those who did panic selling are beginning to regret.

[talkbitcoin]

this was not a big deal in my opinion. but at the same time this was a nice rise because it brought bitcoin price back to above $7k which is more reasonable price for it specially after the bottom was hit.
we can't talk about price mooning at this point or any kind of bull run though. but this is a good sign in any case.

[Brahuhu]

Well as everyone can see btc has made somewhat of a recovery in the last couple days i was interested in some opinions  if people really think this is the run that will take us to a new high or will it be short lived and will we see a even lower low in the coming weeks,   please feel free to to give your opinions.

it is not a bull you cannot consider it as a bull since it raise just only 1k dollar it is normal if some people bought a couple of amount of btc for me you can consider it as a bull if the price raise by more that 40% with just a week or less.

[CryptoRaymond]

I think, this is not a matter of good or bad. Since it carry a financial value, it will move sometimes up and sometimes down. But we all should face the movement with strategy.

[franky1]

i have to laugh. when people see a 10%(~$600) drop or rise they scream bull or bear.sorry but 10% is just dancing around a field.

a bull or bear run is not something as temporarry as a hour/day. it the average direction over a longer period.
short term movements of a few hours or days are just rises and falls.. and if th rises and falls are significant % then thy are spikes and dips.

but a bull run or bear run is more of the long term marathon not the short term sprint.

dcember/january was not a bull thn bear. it was a spike/drop
february-june was more of a stangant dance of rise and fall

we have not really seen what the medium-longterm direction of 2018 is.. but the long term of 2009-2018 has definetly shown to be very bullish

[mk4]

dcember/january was not a bull thn bear. it was a spike/drop

Would you call the September to January run-up a bull market trend though? A $3000-$19,000 run-up would probably fit in the bull market trend category. Though of course it wasn't a smooth sailing rise; a few hiccups here and there.

[anrian062]

Wait and see. Dont make any action yet. This recent bullish trend is to green for anyone can analyze. Wait for the next 2-4 weeks and search for good source of information about why it rising to make sure you are in the right train. As for me, with this little time and information i still labeled bitcoin as a spike.

[udayantha11]

yes, now time for btc,  BTC dominance is increasing day by day. like past year.  this means bull run coming soon. After BTC  then LTC and ETH and then ALTS coins.

[franky1]

dcember/january was not a bull thn bear. it was a spike/drop

Would you call the September to January run-up a bull market trend though? A $3000-$19,000 run-up would probably fit in the bull market trend category. Though of course it wasn't a smooth sailing rise; a few hiccups here and there.

nope. the spike was obvious HYPE and not based on a VALUE increase..
bull markets are optomistic rises that are felt to last and sustain themselves for months/years

BREAKING DOWN 'Bull Market'
Bull markets are characterized by optimism, investor confidence and expectations that strong results should continue, usually for months or years

its actually easy to chart out the difference between VALUE and the spculative PRICE
https://bitcointalk.org/index.php?topic=4468667.msg42509945#msg42509945
and when you see the PRICE rise 3X-4x the value.. you know its not sustainable and will drop. thus no confidence about lastability.. and just a short temporary opertunity to grab good quick profits surfing a temporary drama wave which u know will crash


the way i see it is this
2016: never dropped below $300
2017: never dropped below $900
2018: never dropped below $5500
and the optimism and investor confidence is that 2016-2018 is bull
there is optomism and confidence that 2019 will be at a SUSTAINED average that still does not go below $5500 and will infact be higher. so although you cant predict by how much or how soon.. investors have confidence that 2018-2019 will be bullish too..

as for the temporary daily emotional/speculative rises and falls above $5500. well thats just drama and not a sign of the long term vison/confidnce

[Zeddyn]

for the past few days I am also very happy with the rising bitcoin prices, and I think bitcoin prices will only experience a short rise and will soon return to low prices again.

[pooya87]

it was not a bull run! it was just a small rise.

although it showed some things about the market partly good and partly bad.
the good part is that it showed once again that we hit the bottom at $6k and it was a strong buy support there. it also showed how much interest is in buying bitcoin and the money that is waiting on the sidelines to jump back in.
the bad part is that it showed there is still doubt and showed the fact that people are still in panic mode, even the buys were a panic-buy when they saw the rise instead of being a slower rise to $7400+

[Dexion]

I do not see bitcoin growth, this is same like a few months ago, bitcoin rise from 6K to 7K, but only lasted 6 days. and drop again.

I think, the price you see today is also temporary.
So, keep analyzing the market, and do not be happy quickly before bitcoin reaches 10K more.

[monkeydominicorobin]

Well as everyone can see btc has made somewhat of a recovery in the last couple days i was interested in some opinions  if people really think this is the run that will take us to a new high or will it be short lived and will we see a even lower low in the coming weeks,   please feel free to to give your opinions.

A recovery proves that free fall is not going to happen. A recovery proves that this is not a bubble since a bubble never recovers. Maybe next year will also be a bubble if you believe the central banking crowd. Since we don't consider their opinion. Bitcoin is going to be strong.

[maskeffec]

Well as everyone can see btc has made somewhat of a recovery in the last couple days i was interested in some opinions  if people really think this is the run that will take us to a new high or will it be short lived and will we see a even lower low in the coming weeks,   please feel free to to give your opinions.

Rising bitcoin prices to $ 7400 raises many questions among investors, whether this is the beginning of a bull market or a temporary increase. that's all investment is not as easy as you think. many factors that can determine your income. including your feeling and luck.
Which I do is still waiting for the development of the market, because if my calculations are correct, Bitcoin will rise again in the near future.

[chidrawarster]

It's a good indication for the crypto world. When bulls start off slowly,it will remain for a long time as the volatility is as such high. In the coming days btc will touch its previous high milestone in no time and also try to set new highs so that volatility is the same in bulls and bears zone. I am waiting more eagerly for that bulls crash as my portfolio also would fetch somw good returns.

[davis196]

This is not a price recovery.Past performances are not important for any market price.
It looks like a "dead cat bounce" to me.The price won`t survive for long above 7K USD.We will be witnessing a price drop to around 5K or 4500 USD somewhere around 15th of August.

[hugeblack]

Why has the talk of the recent rise escalated? Because the price was stable within the limits of $ 6000 per liter is not short. "It's like a drowning man will clutch at a straw."
The stability that has taken place, albeit weak, is coherent, which means that we will see levels of $ 7,000 as of August 10, rising to $ 8000 or reversing to $ 6,000 again.
Overall, the recent rally does not represent anything in the long term, but some hopes are booming with mad rises

[Pursuer]

Well as everyone can see btc has made somewhat of a recovery in the last couple days i was interested in some opinions  if people really think this is the run that will take us to a new high or will it be short lived and will we see a even lower low in the coming weeks,   please feel free to to give your opinions.

there is no drop left in bitcoin, we have already had more than 70% drop and the chances of going any lower than that is extremely low and would require something seriously horrible to happen to bitcoin for it to go anywhere below $6k which was the strong buy support.

as for the recent "recovery" this IS the rise that will take us to new highs but don't expect them to happen in a short period of time like a couple of months. we will have the big rise but like the rise from $1000 to $20000 the journey will be filled with smaller rises and corrections and rarely bigger jumps like near the end.

[n0ne]

Unlike the time period bull run is always good to the entire users, right now the bullish trend after a long gap gives a positive thought about the market. This trend needs to continue making the market grow and reach the predicted price for the ongoing year. More new investors were expected to get into the community.