Bitcoin Revival is On The Way - According to a trader

[Gaff]

First, I say that gold is different from BTC, gold has intrinsic value in the public eye, but gold is not a new innovation, because people before us make transactions using gold. even fiat is an innovation that replaces gold. but I doubt the existence of fiat will last for a long time. but gold has been trusted. the public likes gold, but the public does not like gold to be used for transactions.
second, I am sure BTC will create a bullish market again in the future. 2020 will be the bullish year for BTC.

I think that's far away from bullish trend if expect it on 2020 mate, we need to focus more on the nearest possibilities. That's agreeable bitcoin will be into bullish market, and the actual date cannot be pointed out because of it's unpredictable behavior. Currently we seen some slight growth over market pumps but it doesn't guaranteed safe for now. There might be some traps behind it, but it was just a mere speculations so it's always better to monitor certain fluctuations.

[jhonjhon]

First, I say that gold is different from BTC, gold has intrinsic value in the public eye, but gold is not a new innovation, because people before us make transactions using gold. even fiat is an innovation that replaces gold. but I doubt the existence of fiat will last for a long time. but gold has been trusted. the public likes gold, but the public does not like gold to be used for transactions.
second, I am sure BTC will create a bullish market again in the future. 2020 will be the bullish year for BTC.

I think that's far away from bullish trend if expect it on 2020 mate, we need to focus more on the nearest possibilities. That's agreeable bitcoin will be into bullish market, and the actual date cannot be pointed out because of it's unpredictable behavior. Currently we seen some slight growth over market pumps but it doesn't guaranteed safe for now. There might be some traps behind it, but it was just a mere speculations so it's always better to monitor certain fluctuations.

The current market flows is very noticeable to everyone and they'll might thinking for the bullish trends but aren't exactly we are now today.
With this, I'm always be looking forward to finally came out from the long bears we have and going into the time of bullish.
We are looking good today and it may continue to fly high, and to give complements to all of us.

[uszaty43]

The rise of bitcoin is just a stone throw away and the sudden rise in the value of bitcoin's price proved it all. Many crypto enthusiasts have been making some analysis at the beginning of this year about the rise of bitcoin within this year and i am very glad it is finally coming to pass. The rise of bitcoin will also cause altcoins to rise in value.

[veleten]

bitcoin revival is just a matter of time , with adoption the price increase will come
one way or another it is not going to "die" or "disappear"
the price fluctuates and even compared to the prices two years ago we have 300% + growth
the temporary 18.000$ peak last December was shortlived , but many predict it to go higher than that before 2021
HODL and wait , there is nothing wrong with this simple strategy

[munareal]

Bitcoin does not need to be revived because the crypto market place is highly unstable which affects the value of the cryptocurrency. Only market forces really affect bitcoin and when there is a wide acceptance the better for us

[meanwords]

I guess that prediction came true after all. Look at the price now. I'm just surprised at how much Bitcoin priced in increased in such a short period amount of time. Looking at the chart, it got pumped so hard and it's being stable at the moment. But let's see what is going to happen in the next few weeks.

[TheUltraElite]

Bitcoin does not need to be revived because the crypto market place is highly unstable which affects the value of the cryptocurrency. Only market forces really affect bitcoin and when there is a wide acceptance the better for us

The irony is that bitcoin has already died several times. No wonder this has become a joke now that bitcoin is dead along with an adjective such as "officially, truly" and so on. The fact is that a speculative market price of an asset can rise and fall as per trading going on. Nobody can say that it is dead if it remains at low price for a certain period of time.

People are speculating on the price, buying and selling as they keep on doing it. There will always be ups and downs and today the market is showing 15% gains on bitcoin. How far that will go is again speculation. There will be a drop soon so be prepared for that.

[coin-investor]

CNBC's Seema Mody interviewed Futures Now traders, Jim Iuorio and Scott Nations last night.

Jim called the $4,000-level of bitcoin value as the PSYCHOLOGICAL LEVEL. Scott also said that he's not into this change in bitcoin value because he doesn't see the fundamentals that would drive it to a new level. Jim also added that people once tried to use gold as substitute to fiat, but they didn't like it anymore, so people searched for another substitute and that's BITCOIN.

I agree with them. Other than fiat, bitcoin is the second most popular mode of payment now esp. in the cyber era where almost everything runs through computers. Bitcoin's value might just need more time to recover esp. with these governments' new rules regarding the use of bitcoin as payment.

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

Bitcoin is meant to be used as a peer to peer payment processor, and since it is gaining worldwide attention and adoption, people will adapt and get hold of Bitcoin because they all knew the value will go up over the years, so it's definitely going to soar high in the future but don't expect 41 million in just 3 years.

[Pamadar]

I guess that prediction came true after all. Look at the price now. I'm just surprised at how much Bitcoin priced in increased in such a short period amount of time. Looking at the chart, it got pumped so hard and it's being stable at the moment. But let's see what is going to happen in the next few weeks.

If there's a support barrier that will keep this price to hang from it's current position it can attract more believers and new investors to look at it and see also the potentials, more people to get involve more rise to comes up and possibility to make a big rise,  investors and holders will play a big role around this market, aside from big whales they are the big factors that will make things happened.

[Becky666]

Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

Absolutely YES, Bitcoin demand in the nearest future after which it adoption stage has be complete, the price will soar higher base on the demand. I absolutely believe the trader insight into Bitcoin future, Bitcoin will contend with fiat because the era we are now is no longer an analog era but digital era. Hope the current market price be sustain as the price continue to grow.

[Netnox]

I am not much excited with this argument. I don't think that there is any significance attached to the $4,000 per coin level.  How can you say that 4K is important to the traders when 3K and 5K isn't?

[Chikitita2004]

Bitcoin's never been dead by the way so it doesn't have to be revived. The bull run is on the way probably. Yes it is true, bitcoin is next to fiat when it comes to payment means but I don't think there is another aside from fiat. Bitcoin at the present is in good status compared to how it was years ago but investors had a taste of a better price a year and a half ago so they are no longer contented and excited with the current value.

[Malsetid]

I am not much excited with this argument. I don't think that there is any significance attached to the $4,000 per coin level.  How can you say that 4K is important to the traders when 3K and 5K isn't?

It's likely that it's their opinion only based on how they analyzed the current and oast movements. Any trader could have made such analysis and prediction. I guess it's been too long that we've been in the 3k plus levels that stabilizing abive 4k would be a big boost in confidence and hopes of t least some traders and holders.

[Syakbrown]

CNBC's Seema Mody interviewed Futures Now traders, Jim Iuorio and Scott Nations last night.


Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

yes I believe in this matter, you have seen it in these two days. it's only a matter of time that bitcoin will soar again and we have to believe this.

[Jating]

And it is testing $5k again. Lol.

I guess every trader, specially those experienced, known the price movement based on their TA so I'm not surprised if there are a lot of traders pointing that bitcoin is on the road to recovery.

That's what makes this ecosystem lively, a lot of sharing, we might not agree with some, but majority has good input that we can really verify easily by just looking at the current price movement.

[Beerwizzard]

Price predictions from those traders are far not always true. Traders are getting money on any kinds of price movement. No matter of the price is growing or not. The main problem is to predict the vector of the price movement in short period of time. Even if the price is falling traders will still be able to get their money. It seems like the guys from the OP's post recently placed some buy orders.

[tweetbit]

According to my mother, I’ll be a doctor 4 years ago and now I’m nothing. See it always not true, but it is possible. So the term “according” doesn’t count as reality, but just a prediction.

I want it to happen? Yes and No.

Yes because bitcoin deserve more attention and the hype about it isn’t worth at today’s price. It’s more valuable at this generation, but the financial system is holding it back.

No, because I don’t want to give credit “the expert” the luxury of being the main guy who turns the table of its rise.

[Ipwich]

Price predictions from those traders are far not always true. Traders are getting money on any kinds of price movement. No matter of the price is growing or not. The main problem is to predict the vector of the price movement in short period of time. Even if the price is falling traders will still be able to get their money. It seems like the guys from the OP's post recently placed some buy orders.

Their price prediction could be honest or bias, we will never know unless we also make our own analysis.
I don't follow in others prediction, though I listen to them but it's still good if you are fully agreeing with them before you make a decision.
Following them blindly will cost a trader a lot of money.

[bitbunnny]

I'm still in the phase of closely watching the market and making my own analysis. Following predictions could lead to a wrong way. Besides, there are too many "experts" with their own (wrong) theories. Price rise is a good news but it's still too early to say if this is the way to full revovery or just a phase that is going to end soon.

[Kelvinid]

CNBC's Seema Mody interviewed Futures Now traders, Jim Iuorio and Scott Nations last night.


Your thoughts, guys? Do you think bitcoin will be soaring high again in the near future?

yes I believe in this matter, you have seen it in these two days. it's only a matter of time that bitcoin will soar again and we have to believe this.

Two days rising isn't be enough to think that bitcoin will soar again,  I just consider this time as a simple fluctuations, changing a huge numbers of demands. We might have to wait for few more days before we confirm for the occurrence if bulk market. Yet,  we got stabilize and continue to show small pumps but still we need more to show us.