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Author Topic: Bear trap or bull trap?  (Read 175 times)
Mikaelxiong
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August 12, 2018, 05:06:12 AM
 #1

Are we going to Saturn or will cryptos reach only the moon?
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August 12, 2018, 06:08:24 AM
Merited by darthmaul (2)
 #2

Believe me none of them yet.

The current market is being manipulated with the news, SEC's decisions, ETF stuff and whales playing around. There is lot more to face before we can even launch our rocket into the space mate.

Yes one thing is sure that one day crypto currencies will be reaching moon and Saturn back again but when is the big question and no one is answerable to that yet.







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Ctn
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August 12, 2018, 06:18:02 AM
 #3

Are we going to Saturn or will cryptos reach only the moon?

We are 100% in the bear trap right now because this situation is similar to the two weeks ago bitcoin or crypto market where crypto currencies were dumping more than 25% than the ATH rates of current year.

If this is not true then just check all the discussion boards from last two weeks and you will see its all about the bear talks. Ideally whenever the market pulls back itself more than 15% then it is bear trap start point and vice versa is also true for the bull market.


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August 12, 2018, 06:46:12 AM
 #4

I think we are going to Mars, but the bears are still figuring out the Mars landing mission details and wouldn't let the bulls pilot the spaceship until everything is fine and dandy  Cheesy Bitcoin has the great opportunity to land on Mars before Elon Musk should the bulls take over the market! Woooooooosh to Mars we go! Setting course to new ATH and Mars exploration in 2020! All on board!

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August 12, 2018, 06:58:23 AM
 #5

In my observation, cryptos are still on bear trap that we could hardly predict when will the bull market to take place. I think none of the two either Saturn and the moon where cryptos had went through as crypto market is still in the development stage were there has been delayed due to this bear market scenario. However, once's SEC will approve it's decision regarding on the ETF issue, I would say that bear market will end immediately giving way to the bull market that everybody has been expecting.

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August 12, 2018, 07:03:40 AM
 #6

I'd give it up on the ETF nonsense and just wait until bitcoin has a more stable outlook in general. There needs to be more stability before it can rise again. This is how it always happens: big rocket ship up, run out of fuel, drift around in space for a while, everyone gets confused. Then what's next? Well we need a real, concrete, fundamental reason to keep going. ETF is not that, it is just speculative. It's another vehicle for hot money to come in and out. Then we need something that will make bitcoin useful for people. Easily accessible and exchangeable
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August 12, 2018, 07:53:10 AM
 #7

Are we going to Saturn or will cryptos reach only the moon?
Sorry for that mate as of now our skyrocket can't going to the moon there are many obstacles in our spaceship before landing to the moon, there is ETF implemented and also whales trying to manipulate market price. I think it is a bull trap for us there are many rumors here that at this month bitcoin price was down a lot. But the thing we expected at the month of December for sure bitcoin will go to the moon. Hopefully.

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August 12, 2018, 08:36:48 AM
 #8

Are we going to Saturn or will cryptos reach only the moon?

We are going there. We just have to wait for thing to set up right. Crypto is currently resting and everyone knows that it will shoot up someday.

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August 12, 2018, 08:58:24 AM
 #9

Are we going to Saturn or will cryptos reach only the moon?

You should put what price do you think that those traps are going to be. But right now its still up on the open and could probably another bull trap for all we know. If we see the price goes along the $6600-$6800 in the next 48 hours then for me its another bull trap. We have seen this kind of bull traps this year alone that's why I still try to be cautious. The ETF delay has somewhat subsides as of the moment, but I a bit worried that the price shoots up from <$6K to $6300-$6400 in the last 36 hours, if this trend continues then I have a feeling that someone is setting a big trap again, in my opinion.

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August 12, 2018, 11:03:46 AM
 #10

Are we going to Saturn or will cryptos reach only the moon?

What do you think after looking at the current situation mate! We are having the most troublesome year ever and going in the wrong direction currently. The bear trap is not letting the crypto to go upwards at all, all the time there is some sort of pulling over the crypto and this force is always down the line. I think we are in bear all the time and as long as we dont break the chains above 10K USD rates we are not going to see any sunrise again. It is useless to ask the question whether we are in bear or bull because know this, we went into bear since the day we touched 19.5K USD and then never came near to it.


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Kronos21
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August 12, 2018, 11:10:20 AM
 #11

It seems to me that the problem of cryptocurrencies is that everyone wants a quick profit. In fact, few people share the idea of a free economy "blood" which should be cryptocurrency. This is the main reason that the price of bitcoin can not recover. Price increases are just a bonus. The main task is to escape from the control of banks and governments.
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August 12, 2018, 01:21:57 PM
 #12

Are we going to Saturn or will cryptos reach only the moon?
Just wait and hope the crypto will going up,the market doesn't shown the positif market from januari Sad
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August 12, 2018, 01:26:16 PM
 #13

Are we going to Saturn or will cryptos reach only the moon?

What are you thinking is what it will bring you. If you want crypto to the moon you better stop spreading negative news or negative vibes to other people. Maybe in the next couple of years we are not only going Saturn but to Pluto itself.

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August 12, 2018, 01:31:54 PM
 #14

Time will tell.I hope we can still go to Saturn after the Moon.All the news around favorably affect the achievement of this goal.



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BrewMaster
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August 12, 2018, 02:32:12 PM
 #15

for bitcoin is is neither one of them it is mostly consolidation state and we are currently in an uncertainty state where investors are mostly unsure about what to do. on hand they see the price staying at the bottom and not going any lower than $6k but on the other hand they are bombarded with FUD telling them bitcoin is falling and also the bullshit ETF news that comes at them from all sides.
it will take time but it will be over.

for altcoins we are still in a solid bear market and every recovery that you see is just a dead cat bounce and a bull trap while day traders make money from it.

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August 12, 2018, 03:36:22 PM
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Not like that, see how successful bitcoin takes time? bitcoin takes more than 7 years to make it the most sought after and known cryptocurrency
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August 12, 2018, 03:50:30 PM
 #17

Not like that, see how successful bitcoin takes time? bitcoin takes more than 7 years to make it the most sought after and known cryptocurrency
You can see that this period of bear market is very clear, you can see that bitcoin prices are constantly falling sharply in the past few days and has led to the price of altcoin is very strong and can not afford. will recover when the market capitalization is only $ 200 billion. The bitcoin price has hit the $ 20000 mark and the market capitalization is $ 800 billion, so I believe that you should stay out of the market and wait for bitcoin to return.
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August 12, 2018, 04:13:50 PM
 #18

It seems to me that the problem of cryptocurrencies is that everyone wants a quick profit. In fact, few people share the idea of a free economy "blood" which should be cryptocurrency. This is the main reason that the price of bitcoin can not recover. Price increases are just a bonus. The main task is to escape from the control of banks and governments.
Yes, I agree that the concentration on money profits is slowing the growth in a way. It looks the opposite at first, actually, because when more people believe the prices will increase, the more people invest in btc, thus really causing the prices to go up. But as profit is the main motive to buy some coins, when some minor bad things happen, these people are not willing to risk their 'real' money, so they pull the funds back, crashing the price for no rational reason, like we see now. I think that it is more important to hold btc not because of the profits from trading for fiat, but because of being in favor of the self-regulating market and believing that cryptos are the future of money itself.

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August 12, 2018, 04:56:51 PM
 #19

Are we going to Saturn or will cryptos reach only the moon?

We are going there. We just have to wait for thing to set up right. Crypto is currently resting and everyone knows that it will shoot up someday.

Certainly so, the angle I'm looking at is to the moon and this will take most investors by surprise. I can't bet my cash on bearish at this moment because the market has been down since this year. I guess I'm on the speculative

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August 12, 2018, 05:42:20 PM
 #20

I think that it is more important to hold btc not because of the profits from trading for fiat, but because of being in favor of the self-regulating market and believing that cryptos are the future of money itself.

The mass doesn't give a damn about self regulating markets or decentralization, neither do they believe crypto is the future of money. In other words, there is nothing other than speculation giving them the incentive to be here. Seriously, the entire crypto market has been flooded with idiots after Ether's money printing machine kept spitting out rubbish tokens.

Before Ether's ICO rise there were plenty of noobs as well, but in no shape or form do these noobs come close to how stupid the >2017 token noobs are.

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