Finally little fire on bitcoin got ignited

[Thanasis]

Over the past months, bitcoin has had similar increase in price aftee prolonged stagnancy, but some of those times it fell below its previous support level.
Understanding the chart fir newbies is almost impossible.
Concentrate on the fundamentals of Bitcoin and how high it can go. Do not follow the bait anytime the price rises.

Understanding the chart is not going to help anyone because the market will move in its own way so just analysing the recorded thing is not going to help in understand the current movement but the prices bumoed is not much high with bitcoin but many altcoins were finding bigger movements.

[figmentofmyass]

i think it's actually both. it works like a feedback loop

Obviously, in real life it is way more complicated than that. You should admit that someone has to buy first in order to ignite some fire in the oven, right? But I understand your point. People see Bitcoin rising and start buying in an effort to ride the trend and earn easy money which adds more fuel to the stove. But here's the catch. It is the balance of supply and demand which actually determines the price, and while for some period of growth your assumption makes sense, it may no longer hold when we see what you call "the parabolic blow off phase". In that phase the price is growing not because of demand surging but rather because of the supply running dry

you would never be able to make that distinction. obviously low supply has an effect, but it's silly to say price---in a bubble---isn't growing because of surging demand. tell that to all the bagholders from 2017, lol.

[Erdogan]

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.

The recent price increases on the market look very positive and it is very possible that this is the beginning of the bull run. However, we can not be sure yet, so we have to be very careful, because it can be a trap before the next price drops.

[eaLiTy]

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.

Never expect the bull run to arrive so fast, for that to happen it will take a long time, you cannot expect a bull run every one off year, you will definitely see a recovery process this year and next year we will see the push and you might see corrections in between every run and the big bull like 2017 might not happen again, but if that happens great but i would like to see a gradual growth in the price rather than these heavy bull run and then a big collapse for an year, gradual rise in the price is more wonderful that big drops after big highs, when it rallies big the media praises bitcoin but when the bear starts it starts to promote on how the bubble burst and that is how media works and some people will get influenced by them 

[deisik]

i think it's actually both. it works like a feedback loop

Obviously, in real life it is way more complicated than that. You should admit that someone has to buy first in order to ignite some fire in the oven, right? But I understand your point. People see Bitcoin rising and start buying in an effort to ride the trend and earn easy money which adds more fuel to the stove. But here's the catch. It is the balance of supply and demand which actually determines the price, and while for some period of growth your assumption makes sense, it may no longer hold when we see what you call "the parabolic blow off phase". In that phase the price is growing not because of demand surging but rather because of the supply running dry

you would never be able to make that distinction. obviously low supply has an effect, but it's silly to say price---in a bubble---isn't growing because of surging demand. tell that to all the bagholders from 2017, lol

You won't believe me

But this is exactly what I had been telling future victims of the coming Bitcoin crash before it actually came. You may read more about it here if you haven't already. And yes, I'm certain that in the blow-off phase of that parabolic rise we were dealing with a drop in supply, not so much a rise in demand. Otherwise we should have seen higher prices until demand stopped increasing while supply started falling

[wildey]

well, I also see that small fires have appeared in bitcoin. for some reason I think that this year bitcoin will really change. seeing the price of bitcoin stabilize in the past few days, making me return to optimism in the world of crypto. I'm sure bitcoin will pass the price of $ 4000 this month. even ETH has also begun to show sparks.

[romero121]

Price of bitcoin has shown a good forward trend after the long bearish market. This doesn't assure with the growth of bitcoin market, the ongoing bear trend is found to be the longest from bitcoin into existence. In the past when the price of bitcoin reached $1000, it fell low to $100 and the complete recovery took place after a long. This time how long this takes place is still unpredictable and a small price pumping has got ignited.

[gabmen]

well, I also see that small fires have appeared in bitcoin. for some reason I think that this year bitcoin will really change. seeing the price of bitcoin stabilize in the past few days, making me return to optimism in the world of crypto. I'm sure bitcoin will pass the price of $ 4000 this month. even ETH has also begun to show sparks.

Here we go again with the certainties lol. It's a 200 move upwards but last time i checked, btc is going below 3.6k again. Can we just let it move without making a big fuss about a few hundred dollar change. It'll only get people excited for nothing.

[davinchi]

well, I also see that small fires have appeared in bitcoin. for some reason I think that this year bitcoin will really change. seeing the price of bitcoin stabilize in the past few days, making me return to optimism in the world of crypto. I'm sure bitcoin will pass the price of $ 4000 this month. even ETH has also begun to show sparks.

Here we go again with the certainties lol. It's a 200 move upwards but last time i checked, btc is going below 3.6k again. Can we just let it move without making a big fuss about a few hundred dollar change. It'll only get people excited for nothing.

A little fluctuation may not motivate the investors. I think that once the bitcoin price will reach to 6000$ back then people will again active and will start investment again. Although experts and not going to sell their coins and trying to hold which is no doubt giving good support to the market but still we need some more investors which boost the market and we can see the price again trading in a higher prices.

[btc_angela]

well, I also see that small fires have appeared in bitcoin. for some reason I think that this year bitcoin will really change. seeing the price of bitcoin stabilize in the past few days, making me return to optimism in the world of crypto. I'm sure bitcoin will pass the price of $ 4000 this month. even ETH has also begun to show sparks.

Here we go again with the certainties lol. It's a 200 move upwards but last time i checked, btc is going below 3.6k again. Can we just let it move without making a big fuss about a few hundred dollar change. It'll only get people excited for nothing.

Of course everyone is peeing in their pants whenever they see bitcoin price jump $100-$200 in day. We haven't seen that bump in more than a year so we understand where they coming from. But for majority or for those who have seen bear market from the past, there's nothing spectacular here, just maybe some FOMO but nothing else. We are still in the bearish trend, sorry to burst the bubble.

[Naida_BR]

Price of bitcoin has shown a good forward trend after the long bearish market. This doesn't assure with the growth of bitcoin market, the ongoing bear trend is found to be the longest from bitcoin into existence. In the past when the price of bitcoin reached $1000, it fell low to $100 and the complete recovery took place after a long. This time how long this takes place is still unpredictable and a small price pumping has got ignited.

There is not a forward trend for the bitcoin price.
We are stable for a long period sing the bearish market had started. And we are still in the bearish trend if you consider that the price of $3500 was considered a bottom of the downfall by many investors.

[radjie]

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.

there comes a time when we have to believe that market price movements will continue to increase in the future, therefore there is nothing wrong if we continue to invest from now on and do not throw away the coins we have even though the market charts always decline after a slight increase. but, if there are many people who can hold the coins they have in a long time and can be patient to wait until the right time, chances are that the market price will increase due to the reduced number of available coins and we can get many benefits in the future

[Findingnemo]

The fire which got ignited on few days back looks like started to burn Hopefully this will bring more and more fire on the coming days and let the people who said bitcoin was end to an end.

[Shinpako09]

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.

The recent price increases on the market look very positive and it is very possible that this is the beginning of the bull run. However, we can not be sure yet, so we have to be very careful, because it can be a trap before the next price drops.

I don't want to upset others but I don't see it as the beggining of bull run. For me the increase we got recently is just a normal up or swing of price and we are still far of bull run. I already accepted it and I knew that i'm going to wait longer for a bull run but of course I would be happy to see a little increase.

[KennyR]

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.

The recent price increases on the market look very positive and it is very possible that this is the beginning of the bull run. However, we can not be sure yet, so we have to be very careful, because it can be a trap before the next price drops.

I don't want to upset others but I don't see it as the beggining of bull run. For me the increase we got recently is just a normal up or swing of price and we are still far of bull run. I already accepted it and I knew that i'm going to wait longer for a bull run but of course I would be happy to see a little increase.

Most users have mentioned the same that it isn't a beginning of a new bull run. Bitcoin at present seems to show little growth making the user community happy. Bitcoin at present seems to stabilize around $3950. Soon can expect the price of bitcoin to reach $4000 by which ethereum too will cross $150.

[Kevin77]

This is just a "little" fire tough, we need so much more. I mean we need at least above 5 thousand dollars to even say its a start of a bull, with these increases I feel like its not up and down trends that we are used to know, without breaking something like at least 4.5 thousand at bare minimum we can't really call it a bull and I seriously can't get hyped about it.

Don't get me wrong anytime bitcoin goes up instead of go down I am happy, that is how I approach it, going up doesn't have to be too much, even a %1 increase is amazing because it means it didn't went down. However in reality, I can't get excited anymore unless its a price I haven't seen in months. Last time we have seen over 5 thousand dollars was that bitcoin cash war thingy and ever since that we are below that price, if we move above it again then I would be super excited.

[Findingnemo]

This is just a "little" fire tough, we need so much more. I mean we need at least above 5 thousand dollars to even say its a start of a bull, with these increases I feel like its not up and down trends that we are used to know, without breaking something like at least 4.5 thousand at bare minimum we can't really call it a bull and I seriously can't get hyped about it.

Don't get me wrong anytime bitcoin goes up instead of go down I am happy, that is how I approach it, going up doesn't have to be too much, even a %1 increase is amazing because it means it didn't went down. However in reality, I can't get excited anymore unless its a price I haven't seen in months. Last time we have seen over 5 thousand dollars was that bitcoin cash war thingy and ever since that we are below that price, if we move above it again then I would be super excited.

Its in our hand to bring the bull run,currently the price movement looks stable hope that it will not dumped again.

When there is sudden price increase without any reason might be a trap so better to avoid them but for now it looks like something we got like ethereum hardfork.

[ethereumhunter]

This is just a "little" fire tough, we need so much more. I mean we need at least above 5 thousand dollars to even say its a start of a bull, with these increases I feel like its not up and down trends that we are used to know, without breaking something like at least 4.5 thousand at bare minimum we can't really call it a bull and I seriously can't get hyped about it.

Don't get me wrong anytime bitcoin goes up instead of go down I am happy, that is how I approach it, going up doesn't have to be too much, even a %1 increase is amazing because it means it didn't went down. However in reality, I can't get excited anymore unless its a price I haven't seen in months. Last time we have seen over 5 thousand dollars was that bitcoin cash war thingy and ever since that we are below that price, if we move above it again then I would be super excited.

Its in our hand to bring the bull run,currently the price movement looks stable hope that it will not dumped again.

When there is sudden price increase without any reason might be a trap so better to avoid them but for now it looks like something we got like ethereum hardfork.

I hope so but we still need to aware of the movements of the price because the price can run in anywhere and even, the price can go down especially if many people are selling their bitcoin. I hope that the increase in the price is not a trap and it's better to take the profit while we can than never. But it is fine if you still want to wait for a little time because you want to sell bitcoin at more than $4k.

[Naida_BR]

The fire which got ignited on few days back looks like started to burn Hopefully this will bring more and more fire on the coming days and let the people who said bitcoin was end to an end.

Compared to the bear market that it is ongoing all these months this upward trend is so small. We have still a long way to go if we want to say that the market has started moving upwards.
I think that the best range to say so will be 5-6k where at that price there were many people that thought this will be the lower price that bitcoin is going to face and they bought more crypto.

[deisik]

This is just a "little" fire tough, we need so much more. I mean we need at least above 5 thousand dollars to even say its a start of a bull, with these increases I feel like its not up and down trends that we are used to know, without breaking something like at least 4.5 thousand at bare minimum we can't really call it a bull and I seriously can't get hyped about it

5 thousand dollars will be a Rubicon of sorts

If we ever come to that level, of course. I for one expect a severe fight between bulls and bears. That will be a good fight indeed with lots of pigs slaughtered in the process. I don't know who will prevail in the end, but personally I'm preparing myself to profit from monumental bursts of volatility which are without doubt bound to occur (going long in some places while shorting in others). In simple terms, let's get ready to rrrrumble