Is the hype starting?

[arwin100]

I've started to see the hype forming myself.  I have a few friends that are starting to buy bitcoin while the price is still cheap, they are confident it will be back over 20k within a short time.

Don't ever to expect Bitcoin price will turn back into $20K again as it hype last year.
We already saw green color on the market and prices seems to quietly moving up but isn't enough to say that it is on hype.

Usually people treat market as turning bull when the price rallies by 20% and the other way round a 20% loss in a short time means the bear market is coming. For the price to be considered bullish we'd have to go to 8500 dollars. Anything below will not be a clear indicator and can be a continuation of the previous bear pattern.

That's why some other people caught by the bull trap since they take those trap pump so much and try to earn with the certain movements on crypto nowadays. And I think the bull run event will not happen on these year esince the decline still occuring and it will be suit for us if we just ride earn little by little and didn't put to much expectation on these level  aswell your right we can only call the bull run is starting if we can see the peice jumping unto $8500 upwards.

[1715027860]

1715027860

[gabmen]

I've started to see the hype forming myself.  I have a few friends that are starting to buy bitcoin while the price is still cheap, they are confident it will be back over 20k within a short time.

Don't ever to expect Bitcoin price will turn back into $20K again as it hype last year.
We already saw green color on the market and prices seems to quietly moving up but isn't enough to say that it is on hype.

Usually people treat market as turning bull when the price rallies by 20% and the other way round a 20% loss in a short time means the bear market is coming. For the price to be considered bullish we'd have to go to 8500 dollars. Anything below will not be a clear indicator and can be a continuation of the previous bear pattern.

You just nailed it mate, as you have mentioned the users especially those who have less knowledge about crypto predicts a bullrun for little pump in the value of bitcoin and the same group of users create panic with posts like end of crypto bear market and all when the value drops for 3 continuos days. We need a strong signal and a consistent growth in the value of bitcoin in order to confirm the bull market.

And we haven't gotten both. So far there's been a couple of decent uptrends in the past but a few hundred doesn't guarantee there's a continuity. And thus time, i think it's not going to be the same as last year. If ever, not that many would jump on hypes this time. People will be a little more cautious will many selling with just a little pump.

[Epimetheus]

The hype of bitcoin is due its market price. Which is suprise everyone. It is the first virtual currency have the market price like this. And this hype of bitcoin help ut to increase its user number. Market popularity etc. And Because of this many people invest their money in it. Another thing which is truly responsible for its hype is its money transaction facility. Many people use it for national and international money transaction and also use it as a currency exchanger and most importantly many people use it for their business purposes.

[okala]

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.

In whatever we need another bullish trend in other to get back what we have lost since this bearish market.  2018, has been mark with alot of bad and fakes news and this in turn affects the market in the bad way.  I think we need to buy more now as December is already in are front.

[Rune]

Some investors are noting it is time to start buying again we are in sideways market right now we could have a breakout in the next few months.

[zazarb]

Some investors are noting it is time to start buying again we are in sideways market right now we could have a breakout in the next few months.

I no doubt agree that now is the right time to buy more Bitcoin. I do not believe , that price could go down significantly more.

[Ararbermas]

I've started to see the hype forming myself.  I have a few friends that are starting to buy bitcoin while the price is still cheap, they are confident it will be back over 20k within a short time.

yes it will back to the ATH soon but in my view not on this year because short time is not enough  time to reach that value again which is even 2 months isn't enough unless the growth rapidly increase to the ath . 'cause unfortunately nowadays market has no enough strength to constantly growing due to the current situation, which the main reason why market become stagnant until now. And IMO probably even 10k is impossible aswell until year end.  

[wuvdoll]

I've started to see the hype forming myself.  I have a few friends that are starting to buy bitcoin while the price is still cheap, they are confident it will be back over 20k within a short time.

yes it will back to the ATH soon but in my view not on this year because short time is not enough  time to reach that value again which is even 2 months isn't enough unless the growth rapidly increase to the ath . 'cause unfortunately nowadays market has no enough strength to constantly growing due to the current situation, which the main reason why market become stagnant until now. And IMO probably even 10k is impossible aswell until year end.  

I would not be so affirmative on that and that depends on how soon you are referring to anyway. Yes, the chances are there, and we could peradventure get to see the market make a good move one way or the other towards the bullish side since the sentiment in the market right now seem a little bullish but there is no clear direction yet.

In the long run, new ATH is something we will get to see with more mass adoption and I would not doubt that at all, considering that we are pretty much low in percentage of adoption globally right now, but as we start seeing mainstream adoption and real life usage, the sky is the starting point.

[Omega Weapon]

Right now im 50/50 on things.

On one hand, I believe we've already bottomed, and we are not going to break below the $6k resistance line, and if we do, it will be a quick dip as usual, only to get bought up thus strengthening the cost of production theory. So worst case scenario, we stay at a stable price for a long time until next FOMO cycle to $100k+. All these guys predicting lower prices with their TA get proven wrong once again (just like the were wrong when calling lower peaks than $20k)

On the other hand, I feel like there's still too many noobs holding coins which may need to get triggered into panic selling before we can stat shooting for the next ATH. This may include someone famous rage quitting as well, which would mark the end of the bear market.

This is what makes holding bitcoin so interesting to me, this is not only about making money or being part of a revolution that is going to change the world to me this is very interesting as well because the movements of bitcoin are so abrupt and difficult to predict that just watching the market moves is really interesting, because I like to try to find explanations of why the market moves the way it does even if sometimes there is no explanation at all.

[cryptojac17]

I don't think hype started, because if we say there's a hype we could observe any quick price increase which eventually occurs during trading. Many live trades will happen and those hype situations of each increasing value will be seen on some selected price of each coins. For now hype could possibly be seen, but suddenly fall back due to bull trap.

[Edsemen]

I don't think hype started, because if we say there's a hype we could observe any quick price increase which eventually occurs during trading. Many live trades will happen and those hype situations of each increasing value will be seen on some selected price of each coins. For now hype could possibly be seen, but suddenly fall back due to bull trap.

The hype has been suppressed right now due to bearish market, and the manipulator couldn't established their plans to initiate a plot for market pull down. If the hype will show up, I guess it will immediately be grabbed by sellers so it will not become effective.

I guess that bull trap also was the reason, but still I believe people nowadays became more agressive due to loss of funds that why they're selling asset even how small the value is.

[sana54210]

Some investors are noting it is time to start buying again we are in sideways market right now we could have a breakout in the next few months.

I no doubt agree that now is the right time to buy more Bitcoin. I do not believe , that price could go down significantly more.

I would not expect a huge downturn either. At this point, I want to believe that the market has really been holding up strong at least for the mean time, and even though we have not seen a clear direction yet, the optimism is somehow channeled towards the bull side as the case may be.

Sure, it is not a time to be getting overly excited yet until we see a clear direction but however things end up turning out, the trend and time will always give it to us and by then, we will know what we should be doing next. For now, we just wait and see how things would pan out.

[Alfiehob]

I've started to see the hype forming myself.  I have a few friends that are starting to buy bitcoin while the price is still cheap, they are confident it will be back over 20k within a short time.

Don't ever to expect Bitcoin price will turn back into $20K again as it hype last year.
We already saw green color on the market and prices seems to quietly moving up but isn't enough to say that it is on hype.

Usually people treat market as turning bull when the price rallies by 20% and the other way round a 20% loss in a short time means the bear market is coming. For the price to be considered bullish we'd have to go to 8500 dollars. Anything below will not be a clear indicator and can be a continuation of the previous bear pattern.

I think you are right about the timing. I think it will reach 20k once again but it won't be this year, you are right about that. It is not only that there is not enough time left because last year it went from 3k to 20k in two months so if it were to happen again it would happen however this time it is because we are coming out of a bear run that has been going on for 10 months and even longer maybe.

However last year bitcoin went from 700-900 dollar levels to 3k levels, yes it did dropped a bit time to time but in general it was going up and than it went up to 20k, we need bitcoin to reach 8-9k before it can go to 20k so I am waiting for it to reach those levels first.