[2019-02-19]Bitcoin Price Hits $4,000: Is this the Start of a Bull Run?

[Vladdirescu87]

The short-term rebound on February 19, saw Bitcoin surge to the $4,000 price level, leaving several cryptocurrency investors hooked and some analysts keeping their attitude inert. Bitcoin could “melt our faces off” in the long run with an amazing rebound.

While the last cycle gave back around 16x, as Bitcoin swung from $1,200 to $20,000, the next trend could likely bring much higher returns. According to Survivalism, a financial revolution prepper, a pump to around $750,000 seems to be irrational.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/start-bull-run/

[qwertyup23]

Just to add, here are other cryptocurrencies that increased their prices recently:

1. Ethereum - 10% increase
2. XRP - 8% increase
3. EOS - 20% surge

The market has been positive lately and with the recent development of the highly-speculated Samsung Galaxy X10 (that contains a crypto-wallet that supports both Bitcoin and Ethereum), prices may potentially regain its value slowly in the following weeks to come.

Su Zhu, the CEO of Three Arrows Capital, posted on Twitter that there is an estimated amount of 6$ billion sitting at cryptofunds, stablecoins, and exchange/silvergate/signatures. This may additionally cascade into pushing the price of BTC to beyond $4,000 in the following weeks to come.

[o_e_l_e_o]

EOS - 20% surge

Which just goes to show the market is still completely irrational. EOS is a complete scam, and yet it has seen one of the largest gains out of the top 10 coins. A shame that even after this bear market, newbies aren't sticking to coins that actually work (read: bitcoin), but still throwing their money away on useless trash.

and with the recent development of the highly-speculated Samsung Galaxy X10 (that contains a crypto-wallet that supports both Bitcoin and Ethereum), prices may potentially regain its value slowly in the following weeks to come.

I would be surprised if the release of a phone had any noticeable effect on the market at all, let alone allowing it to "regain its value", however you define that.

[pixie85]

I don't think it's a bull run. Be real. It's a bull run when it recovers to the point from where it fell in the recent months. Some people are reacting to this with too much enthusiasm and there's not much to be enthusiastic about. You lended 100 dollars to someone and he stole it. Later he came back and brought you back $50 and you're so happy about it. You thought you lost 100 and it's only 50 now. What a great day!

[qwertyup23]

EOS - 20% surge

Which just goes to show the market is still completely irrational. EOS is a complete scam, and yet it has seen one of the largest gains out of the top 10 coins. A shame that even after this bear market, newbies aren't sticking to coins that actually work (read: bitcoin), but still throwing their money away on useless trash.

and with the recent development of the highly-speculated Samsung Galaxy X10 (that contains a crypto-wallet that supports both Bitcoin and Ethereum), prices may potentially regain its value slowly in the following weeks to come.

I would be surprised if the release of a phone had any noticeable effect on the market at all, let alone allowing it to "regain its value", however you define that.

I apologize, it seems that I construe the news as a factor for Bitcoin in becoming a platform for everyone to use. The reality is the phone is on the strong side here, by implementing a feature that supports Bitcoin and ETH wallets, they can increase their sales. Another thing, I did not consider that bitcoin has a constant price which contradicts my assumption about 'regaining its value' since its volatile in the market.

I don't think it's a bull run. Be real. It's a bull run when it recovers to the point from where it fell in the recent months. Some people are reacting to this with too much enthusiasm and there's not much to be enthusiastic about. You lended 100 dollars to someone and he stole it. Later he came back and brought you back $50 and you're so happy about it. You thought you lost 100 and it's only 50 now. What a great day!

Any positive signs of increase is good news compared to news that says a decrease on its price. Although the 'bull run' may be relative, some individuals purchased bitcoins when the initial price was lower compared to the price of today- that's why they see it as a bull run. But you're definitely right, it really depends on the time you acquired your coins. 

[valta4065]

Bull run is when price is increasing for several months in a row. A few days of positive action mean nothing. Well, every bull run needs so start somewhere but I think it's still to early. Charts and upcoming halving in 2020 are showing there won't be a bull run till July and the price will fall back to 3500ish before summer for sure. I'd say that we can't talk about bull run until we are back to $8000 at least which will happen after summer 2019, maybe as late as early 2020.

[Naida_BR]

I don't think that this is the start of the bull run. Some good and positive news for the blockchain industry has been released lately and they have impacted the price of Bitcoin upwards. I see that the starter point of a bull run may be at 5-6k. And also I do not expect a raise more that 10k in the price of bitcoin by the end of 2019.

[Oilacris]

I don't think it's a bull run. Be real. It's a bull run when it recovers to the point from where it fell in the recent months. Some people are reacting to this with too much enthusiasm and there's not much to be enthusiastic about. You lended 100 dollars to someone and he stole it. Later he came back and brought you back $50 and you're so happy about it. You thought you lost 100 and it's only 50 now. What a great day!

You cant blame people if they do reacted on that way atleast it do ease the stress on waiting up for this price increase.It might not be enough to cover up the losses but somehow it do
lessens.We cant really say it a bull run yet it do only rise up for few percentage and look at we now, we are stabilizing again on 3900 point and becomes stagnant once again.We wont know
on how long we would stay up once again on this price, either it would break 4500 or would go back on -3500.

[Slow death]

The short-term rebound on February 19, saw Bitcoin surge to the $4,000 price level, leaving several cryptocurrency investors hooked and some analysts keeping their attitude inert. Bitcoin could “melt our faces off” in the long run with an amazing rebound.

I do not think we should be very optimistic, it's been a few days that the price is struggling to surpass the $ 4000. yesterday the price tried to exceed $ 4000 and and failed to stay above $ 4000



if bitcoin do not surpass the barrier of the  $4000, then we will see a dump

I don't think that this is the start of the bull run.

I agree, we have to forget this word: " bull run. " because we will not see so early

[Kemarit]

And again up to this point, the $4,000 barrier seems hard to overcome. So I would agree that this is not a bullrun, but maybe the herd is just around the corner, but seems they're off and can't coordinate a perfect run. 

BTC / USD USD 3940.08 - https://www.bitstamp.net/

I still have mix feelings about this one, if the price didn't hold I'm expecting the speculators to sell and book their profits right away and leave everyone gasping for air.... again.

[bhadz]

Very early to celebrate and safe to assume that this is the start of the bull run. I wouldn't speculate that much and expect too much with the market now until we see such tremendous gains. We do become excited when see a pump but we shouldn't feel safe with that. For the short termers, this is a very good opportunity for them but for the long term holders, remain calm and let the market move on its own. The market has been very unpredictable and hard to say if we're in or not.

[magneto]

The short-term rebound on February 19, saw Bitcoin surge to the $4,000 price level, leaving several cryptocurrency investors hooked and some analysts keeping their attitude inert. Bitcoin could “melt our faces off” in the long run with an amazing rebound.

While the last cycle gave back around 16x, as Bitcoin swung from $1,200 to $20,000, the next trend could likely bring much higher returns. According to Survivalism, a financial revolution prepper, a pump to around $750,000 seems to be irrational.

We're already seeing some FOMO in the market because people have simply gone for so long without any sort of real upwards action.

I disagree with the fact that this is the start of a bull market. I personally think that markets will continue to move mostly sideways rather than heading in any one particular direction, at least for the next few months given the bearish sentiment still present.

I also don't think that this upcoming bull market will bring about higher returns - it's very difficult to see that happening given now bitcoin's market cap is several times bigger, and markets have matured significantly. I think that FOMO buying in an overheated market will certainly cause people to buy irrationally, but most likely, not to the extent of the last bull market.

[tippytoes]

Very early to celebrate and safe to assume that this is the start of the bull run. I wouldn't speculate that much and expect too much with the market now until we see such tremendous gains. We do become excited when see a pump but we shouldn't feel safe with that. For the short termers, this is a very good opportunity for them but for the long term holders, remain calm and let the market move on its own. The market has been very unpredictable and hard to say if we're in or not.

We don't have to be so excited what's happening in the market. But I would say, I'm happy what I'm seeing. Hopefully, this will continue. You are right, for those holders, just stay calm and enjoy the moment. And please don't create so much speculation threads.

[Irvinn]

I don't think that this is the start of the bull run. Some good and positive news for the blockchain industry has been released lately and they have impacted the price of Bitcoin upwards. I see that the starter point of a bull run may be at 5-6k. And also I do not expect a raise more that 10k in the price of bitcoin by the end of 2019.

However, now the price stability of bitcoin and ethereum is rather strange on the market after a slight increase in their price. I would say that the signs of a bull market are still outlined. Now, perhaps, there will be no such sharp price spikes, growth will be mainly slow. Let's see what will happen to the prices further.

[bhadz]

Very early to celebrate and safe to assume that this is the start of the bull run. I wouldn't speculate that much and expect too much with the market now until we see such tremendous gains. We do become excited when see a pump but we shouldn't feel safe with that. For the short termers, this is a very good opportunity for them but for the long term holders, remain calm and let the market move on its own. The market has been very unpredictable and hard to say if we're in or not.

We don't have to be so excited what's happening in the market. But I would say, I'm happy what I'm seeing. Hopefully, this will continue. You are right, for those holders, just stay calm and enjoy the moment. And please don't create so much speculation threads.

Yes, we shouldn't be excited but it's okay to be happy. A rough year has pass and it's basically normal for anyone to think of something good because of this market. Wishing all the good things to come on this market and waiting for those moments until we see the rise stable as before. Remaining calm and watching the market is the best thing to do in such times, you don't have to be triggered and you just observe all things while you are preparing your next move.

[bitcoinisbest]

I don't think that this is the start of the bull run. Some good and positive news for the blockchain industry has been released lately and they have impacted the price of Bitcoin upwards. I see that the starter point of a bull run may be at 5-6k. And also I do not expect a raise more that 10k in the price of bitcoin by the end of 2019.

However, now the price stability of bitcoin and ethereum is rather strange on the market after a slight increase in their price. I would say that the signs of a bull market are still outlined. Now, perhaps, there will be no such sharp price spikes, growth will be mainly slow. Let's see what will happen to the prices further.

Slow and steady the price is moving upwards which in a way is good because we don' anticipate a major crash now. Had it risen suddenly all by 1 or 2k in a day or two it would have even fallen sharply. So if it continues this way people would be more than happy.

[rodel caling]

I think the bull run is fulse alarm until now the price of bitcoin is stack not moving up at more than 4000$ at this moment, small percentage of price pump not means it's indication for the bull run trend but of course time has come for us just give more patience.

[Naida_BR]

I don't think that this is the start of the bull run. Some good and positive news for the blockchain industry has been released lately and they have impacted the price of Bitcoin upwards. I see that the starter point of a bull run may be at 5-6k. And also I do not expect a raise more that 10k in the price of bitcoin by the end of 2019.

However, now the price stability of bitcoin and ethereum is rather strange on the market after a slight increase in their price. I would say that the signs of a bull market are still outlined. Now, perhaps, there will be no such sharp price spikes, growth will be mainly slow. Let's see what will happen to the prices further.

I don't understand how a stability in the price can be translated as the start of the bull run or it indicates that the prices are going to be higher.
If that was the case then the prices should continue to rise for a long period and not be stable after 2 days of increase and a small percentage of the higher value of cryptos.

[n0ne]

I believe this to be a new bull run, even if it is not a new bull run what we're experiencing in the market is very big. Because the price has crossed the $4000 margin and now crossed $4125 all of the sudden. This is quite interesting to see the price moving faster to the $4500 barrier. At present the entire market has turned green with more and more growth to every cryptocurrency.

[Kakmakr]

I have to say, since that Twitter tip bot for the Lightning Network was introduced, we have seen a renewed interest in Bitcoin and the tweets from Elon Musk is also making some good waves in the industry. 

People are slowly getting back into Bitcoin and that is a good sign. I just hope this positivity can last a lot longer than the previous breakouts that we had in the previous weeks.