Finally little fire on bitcoin got ignited

[sheenshane]

Some crypto whales started buying slowly,I guess.A 7% price increase isn't something important,when it comes to bitcoin.I'm patiently waiting for 2020.If the btc price starts going up,that's great,but if start's going down or not moving anywhere,that's fine.

As of now, that is the best thing to do. The price now has stopped at a range of 3.6k dollars since it is pumped and I think it will stop it there permanently to trigger the investors for the upcoming implementation, the  ETF and BKKT. (IMO) Or probably this is a normal fluctuation of Bitcoin movement is Bitcoin. Yes, either the movement goes up or down we should wait and only time can tell on this situation now. The bull run does not happen only an hour fluctuating.

[gudjhonson]

There is a good leap for Litecoin at this time, capitalization at CMC is able to shift EOS to 4th position, even though bitcoin is still the highest and this increase is quite positive for almost all coins. The market starts to green and the increase is only limited to the pump, at least there are few benefits given, the possibility that investors who sleep have already begun to take steps to reinvest.

[talkbitcoin]

the "fire" has always been there. they were just putting blocks in front of it so that you couldn't see the light and warmth of that fire burning so that they could accumulate more of it  without you interrupting them

that is exactly why the volume of OTC trading has been rising recently while the price on exchanges is being suppressed.

[Naida_BR]

The price of bitcoin passes $3700 few minutes earlier but later fell few bucks but still the price bump is considerable.All the crypto currencies were bumping I am not sure what causes this but let the flow keep going don't dump the coins soon guys it looks like we are ready for another 2017 run just gets excited.I think this will act as catalyst to bring the bull run back.

Share positive vibes.

This increase is a good sign but we should not get too excited. We have suffered many losses and market downturns during the last months. This rise is something very tiny compared to the general picture of the market all these months. I will see it positively if I see the Bitcoin price be stabilized at around 4k.

[Jating]

I would have to agree with the majority that this is not a bull run, it's because of the Bitcoin ETF news of a 'eventual" approval. So again, people become to buy in anticipation but it will take more of that FOMO to keep the price going up in the next coming days.

So I have a mix emotions about it this, it could be a bull trap. But it's good to see crypto market going into green zone, but I wouldn't take that as a indication of a bull run.

[Pursuer]

I would have to agree with the majority that this is not a bull run, it's because of the Bitcoin ETF news of a 'eventual" approval. So again, people become to buy in anticipation but it will take more of that FOMO to keep the price going up in the next coming days.

So I have a mix emotions about it this, it could be a bull trap. But it's good to see crypto market going into green zone, but I wouldn't take that as a indication of a bull run.

I don't think so. the ETF news is no longer having any sort of effects on the market anymore. it is the same stories all over again and even if there is any kind of positivity about it, people have been burnt by SEC so many times that they wouldn't believe it anymore.
this rise was two things, first was because of the bills that passed over in two US states regarding bitcoin and accepting it as a currency and second the FOMO buying that is waiting around the corner to rush in as the price rises.

[Findingnemo]

The price of bitcoin passes $3700 few minutes earlier but later fell few bucks but still the price bump is considerable.All the crypto currencies were bumping I am not sure what causes this but let the flow keep going don't dump the coins soon guys it looks like we are ready for another 2017 run just gets excited.I think this will act as catalyst to bring the bull run back.

Share positive vibes.

This increase is a good sign but we should not get too excited. We have suffered many losses and market downturns during the last months. This rise is something very tiny compared to the general picture of the market all these months. I will see it positively if I see the Bitcoin price be stabilized at around 4k.

For me it looks like we have made huge change in the prices of overall crypto currencies which made me think that it can boost up the investors to bring the bull run but still long way to recover from the totl loss so just hold on it now.

[Ararbermas]

  That's just a begging of new season of bull mate reason it starting to make a small pump.  And in my view  for sure soon it will make a another consecutive pump again no doubts. So buckle up to don't miss the opportunity stay active to monitor the pattern .

[jossiel]

IMHO, it's because of the 'possible approval of bitcoin ETF'

oh really ? i thought etf has been delayed er rejected last time ? oh well , if they already changed thier minds then good for us  

Yes it was delayed and some were rejected. But if you are still not updated with the current news, some articles showed that a SEC commisioner said that there's a potential and chance that Bitcoin ETF would come. Here are some of those articles;

https://www.coindesk.com/sec-commissioner-says-bitcoin-etf-will-be-approved-eventually
https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows

[romero121]

After long days of bearish market the market has begun to experience a bull market. The price has been fluctuating within $3700 once after crossing the $3700 barrier. Bitcoin is all about to get into the next growth wave. Possibly this seems the cyclic process getting returned again. Once after peak value, drastic fall in value happened and now the recovery of market has begun marking it to be a good time for investors and long term hodlers.

[Lucius]

By what we can see from various sources, LTC was cause of this pump with 1.1$ billion increase in trading volume by CoinMarket Data, what is then followed by others including BTC which increased trading volume of almost 3$ billion more then day before.

Price of LTC is increased because of news that Mimblewimble protocol will probably be implemented in future. Some people also speculate that this protocol can also be applied to BTC.

Regarding that ETF news, you should all know that SEC have 8 months from submitting proposals to the final decision. Also when/if ETF is approved, it take some time to become operational.

[goaldigger]

The price of bitcoin passes $3700 few minutes earlier but later fell few bucks but still the price bump is considerable.All the crypto currencies were bumping I am not sure what causes this but let the flow keep going don't dump the coins soon guys it looks like we are ready for another 2017 run just gets excited.I think this will act as catalyst to bring the bull run back.

Share positive vibes.

This can really happen and if that so, i would need to buy more bitcoin now. Its good to be optimistic rather that to stress yourselves on havjng negatives on this kind of market. But this is not usually being optimist only, there is also a possibility that this can come true and i know it. Buy now until its cheap.

[aris av]

I think running like 2017 is still very difficult to happen, and I don't dare to expect more for that. And for 2019 can bring bitcoin at 7k it can make me very happy.

[netto7]

The price of bitcoin passes $3700 few minutes earlier but later fell few bucks but still the price bump is considerable.

was a very good increase, at least we will have more days of peace, I speak of peace to hear things like: " $2700 is the bottom? " and then another guy will say the following: " $1000 is the bottom ". we spent days listening to these kinds of things.

All the crypto currencies were bumping...

here is the champion of the day:



https://coinmarketcap.com/currencies/gold-bits-coin/#markets

Pump and dump

now change to $0.071967 USD (-60.45%) very fast HAHA

[Johnzky]

The price of bitcoin passes $3700 few minutes earlier but later fell few bucks but still the price bump is considerable.All the crypto currencies were bumping I am not sure what causes this but let the flow keep going don't dump the coins soon guys it looks like we are ready for another 2017 run just gets excited.I think this will act as catalyst to bring the bull run back.

Share positive vibes.

Sorry but I can’t share a positive vibes because this happens for maybe a hundred times just in 20-18 to present.this is another bull trap from the whales manipulation strategy if you bite the bait then you are another victim

[mostcrack]

yes I see that, and hope this is the starting point for the rise of bitcoin. but this seems too early to speculate that bullrun will come. and there is still a possibility that it will dump again. we'll just look at the next few days, will it continue to rise or vice versa.

[exstasie]

I would have to agree with the majority that this is not a bull run, it's because of the Bitcoin ETF news of a 'eventual" approval. So again, people become to buy in anticipation but it will take more of that FOMO to keep the price going up in the next coming days.

Bull runs never directly follow crashes, so this definitely isn't the start of another 2017. At best, it's the start of another 2015, though I have my doubts about that too.

There was no ETF news. One commissioner said offhandedly that he hopes an ETF will pass eventually. There's no way the market jumped 8-9% on that.

I said a week or two ago that if bears couldn't dump through the $3,400 area, that the pump to $5K is still on. I think that's where we are now.

[guoyu78]

The price of bitcoin passes $3700 few minutes earlier but later fell few bucks but still the price bump is considerable.All the crypto currencies were bumping I am not sure what causes this but let the flow keep going don't dump the coins soon guys it looks like we are ready for another 2017 run just gets excited.I think this will act as catalyst to bring the bull run back.

Share positive vibes.

Honestly, any increase is a good increase at this point and doesn't matter how much. The reason for that is when bitcoin goes up it means its not going down. As long as bitcoin keeps going up and not goes down we are in good territory. It could be small, it could be big but as long as it goes up I am super happy about it. I can see bitcoin increasing from 3700 to 5000 in 6 months slowly and as long as it just slowly goes up without ever going down I am fine with it.

The bear market really hurt us so much that we lost too many people who were once interested in crypto but left because of the price drops and we can't really afford to lose more people. Bitcoin is said to drop as low as 2000 by some people and as you can see it has a resistance and tries to stay above 3500 all the time and I am fine with it.

[LeGaulois]

Go Bitcoin! Excite me like a pussy dancing on the table! 
I would like to see Bitcoin volatile as it used to be (yes the ups and downs too) Like the majority of people I too don't think the trend will continue, I bet on Monday it will lose the 10%.

[deisik]

here is the likely scenario that always happen;

half the noobs will buy now at 3700$, the other half will buy when the price goes pass 4000$, the smart will start selling the 4-5 area to the noobs, price will fall back to 3-3.4k , the noobs will freak out, sell for lose , the smart buy and make profit, rinse and and repeat , shut up and take my money

I basically agree with this scenario

Though I don't actually expect prices to break out beyond 4k any time soon. The market doesn't look strong now, so the smart ones will likely start selling earlier if they haven't already. We had been staying for too long in a very tight range to penetrate easily current resistance levels as they had likely also been going lower over time (read, it may take time as well as some effort and a few up and down cycles)

Put differently, we should now start thinking in terms of hundreds of dollars, not in thousands, when analyzing possible price action. This may be our new base scale