Bitcoin trading velocity constantly rising since December.

[Qcrypto]

I guess it's because of the price, maybe those who didn't have the opportunity to buy when the price was some what higher last year November and above. People especially day traders to good at taking opportunity when the see one.
And again, with the way the price is going it may hit $4k+, nobody wants to miss out.

4k will happen this weekend. If not, I am giving my merits to charity

[1714134315]

1714134315

[Slow death]

Bitcoin rarely has this much activity. If you look at the graph, it is being traded more and more since December 2018.

But the price is stagnant and can remain so for many months or years. cryptos are taking a long vacation and even many analysts who liked to make very optimistic forecasts, they stopped making those forecasts very optimistic. the price will not rise so early

In the middle of this, someone predicted that we will see new low ($2k or $1.8k) after we break the $4.2k resistance. I don't know how they arrive at that conclusion...

they choose any random number from their heads

[jonatuzc]

In the middle of this, someone predicted that we will see new low ($2k or $1.8k) after we break the $4.2k resistance. I don't know how they arrive at that conclusion but I'm pretty sure if the momentum keeps on going like this, that would likely never happens.

Rise in the trading volume has lots of positive effects on the Bitcoin. It is something that give rise to a rise in the market value. It also helps motivates the investors as well and thereby leading to a rise in the market capitalization of the coin.

So in my opinion, rise in the trading volume will not let Bitcoin’s price fall so low because history is evident that every rise in the trading volume has been instrumental in giving rise to high prices.

[TheGreatPython]

I guess it's because of the price, maybe those who didn't have the opportunity to buy when the price was some what higher last year November and above. People especially day traders to good at taking opportunity when the see one.
And again, with the way the price is going it may hit $4k+, nobody wants to miss out.

4k will happen this weekend. If not, I am giving my merits to charity

I believe that those who want to make money in day trading might need to look at the benefits that could be reaped in the long term trading. The long term profits are often more big and last longer than the short term. In addition, the long term trading is instrumental in giving away experience about the cryptocurrency market and this is very helpful in future as well.

[lixer]

I guess it's because of the price, maybe those who didn't have the opportunity to buy when the price was some what higher last year November and above. People especially day traders to good at taking opportunity when the see one.
And again, with the way the price is going it may hit $4k+, nobody wants to miss out.

4k will happen this weekend. If not, I am giving my merits to charity

Charity works are not bad things to do in the world. Our communities need them badly but not at the expense of your portfolio. You need to wait for more than a week. May be a month or more than that but keep in mind that if you hodl now, by which I mean that if you do not trade the coins for low, you would be able to withdraw with high margin in the days to come.

[Oilacris]

Bitcoin rarely has this much activity. If you look at the graph, it is being traded more and more since December 2018.

Nah! It can happen anytime here on this kind of market or just like a typical day for crypto where there are really times that those kind of gradual buying or traded volume
increases but who knows if the momentum would continue or just simply break on an instant but still a good image on the eyes knowing that
it is increasing but we shouldn't expect too much.

[rizkyhiw]

Don't worry, it won't and since most everyone was speculating while making a new conclusion that would create a new FUD just because they say. I believe it won't matter since there are whales and we got a lot of people adapting Bitcoin just by looking at that source. A $2k might be possible but $1k+ is too far from the truth.

Many of us believed already that Bitcoin will survive after all of this bearish trend and those who quit is not our concern since they were too naive to think Bitcoin would really die just because someone said it.

Blockchain technology will survive, there is so much adaption going on.

It is not necessary that bitcoin survives, there are other cryptocurrencies

I don't think that Bitcoin doesn't last long, but I see Bitcoin travel is so cool that this is a provision to always survive, the more people know, the more people who enter to invest, Blockchain and Bitcoin may always be on this earth.

For the price issue, I don't see it becoming a reality, in fact the market is getting stronger and trying to pump several times, now it needs more encouragement and news to convince people to invest by eliminating the fear of setbacks again.

[shesheboy]

I don't know if $2k is really happening in the future after we reached $4.2k but one thing that I can think that traders will be in panic mode.

yes its posible for the value to go down again to 2k usd if ever whales decides to dump the market and your right , that can cause panicking because 2k usd is not not usual anymore  .  

4k will happen this weekend. If not, I am giving my merits to charity

you dont need to give your merits to the charity because merits only work on this forum , it wont work offline  .  besides , 4k usd did already happened last day and im sure that it will be back again this incoming weeks .

[Bijikopi]

In the middle of this, someone predicted that we will see new low ($2k or $1.8k) after we break the $4.2k resistance. I don't know how they arrive at that conclusion but I'm pretty sure if the momentum keeps on going like this, that would likely never happens.

the market situation is very uncertain, it is very difficult to guess that it takes precision to be able to predict prices. so don't ever think negatively about the value of crypto because the demand of business people can suddenly rise. if we see that in 2019 there is a possibility that there will be a surge in prices if the world economy has recovered from a temporary setback.

[Twinkledoe]

Bitcoin rarely has this much activity. If you look at the graph, it is being traded more and more since December 2018.

Nah! It can happen anytime here on this kind of market or just like a typical day for crypto where there are really times that those kind of gradual buying or traded volume
increases but who knows if the momentum would continue or just simply break on an instant but still a good image on the eyes knowing that
it is increasing but we shouldn't expect too much.

I would treat that also as a normal day for bitcoin because expecting too much from that situation will give anxiety and stress if your expectations are not met. But knowing that movement is also nice of course. Don't just make too much assumptions for the future.

[bitgolden]

Bitcoin rarely has this much activity. If you look at the graph, it is being traded more and more since December 2018.
[im g]https://i.imgur.com/heSmelr.png[/img]

This is even still low compared to what is expected already, The market condition is really the one keeping lots of activities still in the market because majority of investors and the ones that are yet to get into the market are closely watching first to see the direction the market will take before the middle of the year.

Lots of people invested already in 2018 with the high hope that the year of another bullish Market is 2019, while these little activities you are seeing now is ones coming from traders, by the middle of the year, the current record will multiply by 10x I am sure.

[Supercrypt]

I don't know if $2k is really happening in the future after we reached $4.2k but one thing that I can think that traders will be in panic mode.

yes its posible for the value to go down again to 2k usd if ever whales decides to dump the market and your right , that can cause panicking because 2k usd is not not usual anymore  .  

And what assurance do we even have that the whales we have all been talking about are really still in the market because looking at the activities of the 2017 when bitcoin was low, the sudden jump in price was as a result of whales first activities on the market and their last activities was the one we experienced sudden dump which crashed the price of the BTC to all time low.

Hence, if they have entered the market again after then, we ought to have seen another sudden pump because this is how the market is being manipulated.