Bitcoin Revival is On The Way - According to a trader

[gabmen]

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.

The term soaring high is a bit off for me though. We've seen a good growth in the past few days but i'd advice against getting too excited about it. There are different traders with different views and not all of them agree to those traders mentioned.

[XCANA]

Basically, the increase in the price of Bitcoin means alot to this family. The words of the trader remind me of 2017 before the bullish trend of Bitcoin price. Most people thought Bitcoin was dead but disappoint them again in 2019.  The trader was pessimistic about the rise in the price of Bitcoin.

[bhabygrim]

Well seem's like they are right about it and I wish I have some extra money to buy some last week.
In the past few days we have seen the price slowly increasing and it is now around $4984 it also hit $5,100 earlier .
I hope that it wouldn't get any lower than $4,500,I also hope that it would continue to get higher.

[TheUltraElite]

Besides, there are too many "experts" with their own (wrong) theories.

Talking about those experts, most of them are just dipshit nutheads who are promoting their own scam coins that they have been paid to promote. Who cares about what you buy and if you are buying a shitcoin or not. They want their money and they will poke your instinct in every manner possible so that you buy into their koolaid propaganda. Do not trust any so called "financial advisor" but do your own research. Those guys are the one actually making money from both the coins whom they are promoting and also from the members who are paying them for their advise.

Besides doing a little bit of TA is not tough if you are willing to learn it from the internet writeups. Do that and although it wont be successful everytime but it can be helpful in many ways.

[Indamuck]

Bitcoin doesn't need a revival because it never died.  It still works just as fine when the price is low.  Still handles millions of transactions  across the globe without middleman.   But most people see it as a speculative tool instead of what it is meant to be.

[andieoke]

The rising price of Bitcoin lately is indeed a revival of Bitcoin. And this is a very good sign. Bitcoin, which had a very high value at the end of 2017, continued to decline from the beginning of 2018 to the present, making some people worried about the future of Bitcoin. but after seeing Bitcoin prices rise lately it has made people excited again.

[Slark]

I believe that bitcoin has a promising future. Many successful traders say that bitcoin will grow, and I also tend to believe it.

[miropp]

Definitely. Bitcoin will cost much more by the end of the year, but before that, we may see another decline in the price. You have to be careful and make deals very carefully.

[sammyp]

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

Why not, Bitcoin was never meant to remain at its current price. It is going to be a very valuable asset in the future and thus the reason why it has to surpass this current stage of growth. I believe that what ever caused bitcoin to rise to its peak in 2017 will happen again and probably with a greater momentum.

[ecnalubma]

Bitcoin is not dead and I think it does't need revival, the growing numbers of transactions and adoptions is a sign that its far from being dead. I believe its the most valuable asset aside from gold and silver, maybe one day it will outrank that particular assets too If investors realize that it has no potential value then possibly it will not reach a decade.

[TheUltraElite]

I believe that bitcoin has a promising future.

Who doesnt? I mean would you even be in this forum if you were a shitcoiner?

Many successful traders say that bitcoin will grow, and I also tend to believe it.

Here is something that you should be careful of. Try not to listen to what other traders say unless they are very close friends whom you know in real life. Majority of these "advisers" are paid shills and/or bagholders of shitcoins trying to dump their coins but not getting a pumped up price to sell them. So they resort to this type of advertising and promote good things about their shitcoin. Not everyone is like them though so dont generalize my statement but it is the majority. So be careful whom you listen to.

Remember the best person to ask for advise when in doubt in crypto, is yourself.

[electronicash]

bitcoin is just 10 years old, its surprising to see its price go high up to $20K last 2017 which could be the reason why some consider it a bubble. being just too early for btc of course it will go more than $20k in the next years to come but there has to have adoption. if the price goes to the moon without yet the adoption, all the more it will after regulations and adoption.