aoluain (OP)
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September 16, 2018, 09:22:43 AM |
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According to this report, which im sure there are a few, it speculates we could be at the start of an end of year surge in bitcoin value. This is of course bast on historical events but we all should be aware that past events should not be used as a future prediction. https://www.cryptoglobe.com/latest/2018/09/bitcoin-may-surge-in-the-last-quarter-of-this-year-seasonality-chart-shows/In my opinion this report and others to follow no doubt will fuel the speculation to end 2018 on a high.
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Baofeng
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September 16, 2018, 09:35:20 AM |
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Its really too early to call if the hype has started or starting already. Remember just a couple of weeks ago, we are above $7300 and everyone was elated to see the price being bump from $6300. However, in an instant all the hard work we done was thrown in the garbage because the price retreated back to $6K'ish. Remember the hype will go prior to SEC decision's up to the end of the month, so as much as there is a hype, it can quickly go South once the decision is handled down (rejection most likely).
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YuginKadoya
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September 16, 2018, 11:08:05 AM |
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Well on second thought I really think there is no hype this year actually I can say it will be another dead cat bounce, But Prior to the Month of Oct the price will be sure good for bitcoin and we can go above $6000 mark value and will not take over the $7500 it will surely be close to that and I think another correction may occur upon getting to that value, Considering this I really think it is very early to say that a hype beyond this increase will sure occur.
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davis196
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September 16, 2018, 11:18:16 AM |
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Why do you need hype?We all need stable price growth.The hype itself can't help for that.It would just create a short term price bubble that will burst after one month. I really want the bitcoin price to go under 6000 USD.A cheaper bitcoin price will force more people to buy because of the FOMO and they will be in a better position,when the price skyrockets.
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1Referee
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September 16, 2018, 11:36:48 AM |
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Seasonality might be a thing, but if we look at what happened after the 2013 bull run, 2014 was a year without anything other than a continuous lower high down trend, and this seems to apply to 2018 as well. The year isn't over, and there might be a short lasting bullish upwards movement, but I don't think it will be strong enough to break several previous local highs.
It's better to just accept that we'll enter 2019 well under the $10,000 level. Historically the first few months of each year have always been the worst, so I expect some serious down movement there as well. It might even be where we end up setting the 'ultimate' bottom, which would then follow according to the ultimate bottom of January 2015 where the price tanked well under $200 but quickly went up from there.
My advice; remain neutral and don't expect anything from the market this year.
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Harlot
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September 16, 2018, 11:48:00 AM |
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Hype fueled by historical prices? I don't think that there is such thing basically people who came here because of hype are gone already and the ones who are still sticking around are the ones who already have blend in with the system, they are either waiting for the opportunity to sell or buy or even both but the one thing they are not waiting for is hype brought by historical prices. I never have based my trades on their past performance as it is entirely inaccurate.
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maarx
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September 16, 2018, 11:50:02 AM |
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According to current market price of bitcoin we cannot expect the hype this year. If small pump happens then suddenly big dip takes place. This year is not good for bitcoin because it faces lot of dump only than pump. All are says end of this year bull run happens but bull run chances are very low.
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tomahawk9
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September 16, 2018, 12:05:59 PM |
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In my opinion this report and others to follow no doubt will fuel the speculation to end 2018 on a high.
I'm not sure if these type of news will carry enough fuel to trigger a bitcoin rally towards the end of year. The market is is bearish mode, and we're at the mercy of the whales, we'll have to wait and see what happens in the next couple of weeks, we still have that Bitcoin ETF that is yet to be approved or rejected. If there's enough momentum no matter what the SEC's decision is (they'll most likely delay the etf) then there's a high chance that we'll see some upward movement after as a small drop as bulls will probably trigger a rally just to prove that we don't an etf in the market in order to see a growth in value.
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Xavofat
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September 16, 2018, 01:11:11 PM |
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but we all should be aware that past events should not be used as a future prediction.
I totally agree that past events shouldn't be considered an effective means of predicting the future, but you don't seem to be applying that principle to your writing here, nor do others in the thread. The whole article seems to be basing itself on the idea that if it just claims that seasonality is a thing and enough people see it, they'll believe it and it'll become true. It seems to just be a self-fulfilling prophecy. At the moment, Bitcoin seems to be in the midst of a settling down phase. Wild speculation could be quite harmful to that.
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Binugon
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September 16, 2018, 02:20:43 PM |
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Bitcoin prices dropped because of the huge hype and false expectations made by traders and researchers that affected the market overreacting to the delay in approval of the Vaneck-solidx Bitcoin ETF, a scenario directly or indirectly influenced by the US SEC decision that caused the Bitcoin price to fall
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Fuhre
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September 16, 2018, 03:24:01 PM |
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The price is very much playing now because we are not too confident in the current hype that might be a trap for the next few days, it is very wrong to see last year's picture suitable with the current conditions of course very different, from every psychological person to change not with last year's thinking , everything here just speculates to predict a market that is really unpredictable, remains low and believes that we will find a good point in the next few months.
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TravelMug
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September 16, 2018, 03:43:14 PM |
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The price is very much playing now because we are not too confident in the current hype that might be a trap for the next few days, it is very wrong to see last year's picture suitable with the current conditions of course very different, from every psychological person to change not with last year's thinking , everything here just speculates to predict a market that is really unpredictable, remains low and believes that we will find a good point in the next few months.
We can't really denial that at this stage, there's no all-time-highs, no bull runs. The moment we accepted that premise, the better we can prepare ourselves and make the necessary adjustments. Yes, its really hard to predict where the price is going, imagine in matter of minutes billions of dollars can be wipeout instantly without any warnings. So fore me, there's no hype coming, the ETF hype has died down and I already say to myself that it won't be the news that will turn this market around. I rather see a stable price around $6K rather than another bubble.
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supermine
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September 16, 2018, 03:57:25 PM |
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There is no hype in this year other than the ETF speculation but the prices were went to its original position of $6000 soon when it bumped over $8000 over a month ago after that it is just swinging in its range there is no activity found which can create the hype on the crypto currency market so this looks constant and tiring period for crypto currencies and all the investors by seeing the bumps and dumps for months.
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BrewMaster
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September 16, 2018, 04:04:58 PM |
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there is no way we can be certain of that but there are enough reasons to believe that a surge even a small one is a strong possibility. for instance one of the biggest things to consider is the fact that price has been at the bottom for a long time now and every accumulation will lead to a surge eventually and being a the end of the year historically meant some sort of rise. additionally we may see some ETF hype start up again and some whales may want to take advantage of it and make some more profit in the same pattern they have been doing for the past couple of months.
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There is a FOMO brewing...
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liuqi
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September 16, 2018, 04:39:29 PM |
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The recent market is little positive but last week big dump was occur in the market. How you expect this bull run was starting in this scenario. I think all the cryptocurrencies are damaged in the market so it takes more time to recover in all the cryptocurrencies so your thought comes true in future but not now in this scenario.
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cryptocrusher
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September 16, 2018, 04:54:51 PM |
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We've hit the roughly 6000 dollar bottom time and time again and volume is slowly getting lower and lower. Hype is really the wrong way to look at any recovery. If you look at 2014 and 2011 crashes both times the price recovery was very very slow and steady.
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jagdeepjd
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September 16, 2018, 05:02:37 PM |
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honestly, there does not seems to be any hype at the moment there was ETF hype but that also is drying out now as most people know what the decision of SEC is going to be. ETF is not coming until 2019 this is what people know now. But this is crypto and you never know when the hype may begin it just requires bitcoin price to move upward direction for few days and we will see a new hype.
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exstasie
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September 16, 2018, 05:28:22 PM |
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In my opinion this report and others to follow no doubt will fuel the speculation to end 2018 on a high.
Unfortunately, it looks like sentiment hasn't reset yet. Anytime we get a little bump in price, everyone still gets bullish and expects reversal. In my experience, we need more of a lull and possibly lower prices to shake out this hopeful sentiment. It feels too early for hype to reemerge. Seasonality might be a thing, but if we look at what happened after the 2013 bull run, 2014 was a year without anything other than a continuous lower high down trend, and this seems to apply to 2018 as well.
True, but every one of these cycles has turned out differently. In 2014 it was all slow bleeding, then capitulation, rinse repeat. All this sideways tells me something different might be happening.
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tosmartak
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September 16, 2018, 05:37:32 PM |
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Normally, last quarter has always been known to be the period of surge right from the onset, and a lot of traders and investors are hoping this year will come with the same move but certainly too early to judge. Like you said, past move does not indicate what would happen on the future and I guess we can only hope for the best at this stage.
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BitHodler
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September 16, 2018, 05:47:17 PM |
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additionally we may see some ETF hype start up again and some whales may want to take advantage of it and make some more profit in the same pattern they have been doing for the past couple of months.
If something becomes so predictable that even lower tier traders start to pick up on it, we'll likely be close to a point at which the market will no longer react. I don't think we're very far away from that stage. As far as I'm aware of, this month marks the last Vaneck ETF decision of 2018. If they once again delay their decision, it will be moved to Q1 of next year. I rather see them reject it entirely to make an end to all this speculation. Most of what I have been reading here and on social media is whether or not the SEC will approve an ETF. It's working against the market with how everyone is overly bullish while there is no reason to be so.
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BSV is not the real Bcash. Bcash is the real Bcash.
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