Bulls need time

[Ranly123]

Another factor that cannot be stopped is reducing the supply of bitcoin.
this can be a cycle that cannot be stopped and bitcoin will continue to rise.
many predict this.

How is it possible to reduce the supply of Bitcoin? Do you mean hoarding a lot of it? It's not about reducing the supply but it's the adaptation of bitcoins technology for the community that would make the price rally.

[pinoyden]

how long we should wait?

I'm sorry to burst the bubble for you but no one in this community can answer that question.

The bull is still going strong as of this day, we have breached another mental barrier of $5200 so i guess the run will continue , so let's wait and see.

first you say this > I'm sorry to burst the bubble for you but no one in this community can answer that question. and then you say this > i guess the run will continue   .  the second part of your sentence that i state above is already the answer to the guy that is asking above  .  the bull run will continue because we are now seeing a healthy market  . no signs of a huge dump  , all is good but i also agree on the title of this thread  . bull needs time ( adequate time or extension for its duration ) because almost all bull run on the past that we experience are all remain only for a short time  .

[vixcious]

One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out

I am quite confused about this growth. I had a lot of money but now I still dare not invest in BTC. I think this is just a light whale pump and it will soon be dropped. BTC's price will be $ 4100 in the next 1 week and that's definitely a good price to buy.

[eagle10]

Basically we need to give some time for development otherwise if we put all your investment in a single currency and take it out very quick time will not give any profit for you it will only retain in your hands otherwise that time will always helpful for you to get a good profit for your investment.

If bitcoin is that currency, you just have to keep and hold it for the long time to get good and huge profit when the bull run happen. You do not need to worry much because it is the most stronger in the cryptocurtency world that's why it is called the king of cryptocurrency.

[Naida_BR]

I wouldn't be so pessimistic at all.

If you watched charts on exchanges - especially orderbooks and candlesticks - in the past 2-3 weeks, you could see that the bears clearly lack of volume. The bulls "attack" more frequently and every several days we're seeing new highs. Sudden dumps currently only seem to occur when huge stop orders have been executed.

Finally, Relative Strength Index is a lagging indicator. So, it interprets what has already happened but not what will happen.

First time i see someone on the forum actually pointing that out! Good job.

Maybe after all this time that we were at a bear market they wouldn't make any profit from trading.
It seems like bulls are taking action slowly but steadily because they want to make some good profits after all this time that we were suffering due to the market decline.

[NeuroticFish]

It seems like bulls are taking action slowly but steadily

Right now there are chances for an explosive growth and there are chances for the comeback of the bears, in reprises, until the bulls get fully "awake".
I'd not rely at all onto slow and steady moves right now.

[Cherylstar86]

Basically we need to give some time for development otherwise if we put all your investment in a single currency and take it out very quick time will not give any profit for you it will only retain in your hands otherwise that time will always helpful for you to get a good profit for your investment.

If bitcoin is that currency, you just have to keep and hold it for the long time to get good and huge profit when the bull run happen. You do not need to worry much because it is the most stronger in the cryptocurtency world that's why it is called the king of cryptocurrency.

  Bitcoin precisely been a good and valuable asset among all coins, because of its promising development and outgrow. Each moment we invest this asset may give us luck to gain massive profits, even in a bearish day it gives an opportunity for us to invest while its price is cheap. And be aware to spend much time to hold and keep it untill the bull market occur.

[samcrypto]

It seems like bulls are taking action slowly but steadily

Right now there are chances for an explosive growth and there are chances for the comeback of the bears, in reprises, until the bulls get fully "awake".
I'd not rely at all onto slow and steady moves right now.

Both situation are possible to happen since the bull is not confirmed.
We've better to prepare for anything and stay on your limit. If the price hits your goal, sold it don't chase any higher prices because you don't know what will happen after a big pump. Bulls are slowly coming, but it can fade as fast as what you can think. We have to learn from the past with cryptomarket, if its too high the price will correct.

[annango]

Basically we need to give some time for development otherwise if we put all your investment in a single currency and take it out very quick time will not give any profit for you it will only retain in your hands otherwise that time will always helpful for you to get a good profit for your investment.

If bitcoin is that currency, you just have to keep and hold it for the long time to get good and huge profit when the bull run happen. You do not need to worry much because it is the most stronger in the cryptocurtency world that's why it is called the king of cryptocurrency.

  Bitcoin precisely been a good and valuable asset among all coins, because of its promising development and outgrow. Each moment we invest this asset may give us luck to gain massive profits, even in a bearish day it gives an opportunity for us to invest while its price is cheap. And be aware to spend much time to hold and keep it untill the bull market occur.

Although bitcoin is viewed the most potential as well as promising coin in crypto market, i keep wondering why many people do complaint about it. To be honest, compared with the 2017's movement, bitcoin shows a better sign in this year. But everything needs time to get bounce back, so does bitcoin. The market is recovering step by step, i believe bitcoin will soon inform a good news to us. Let think in positive way instead of worrying and too skeptical.

[Daboy_Lyle]

how long we should wait?

It takes long time to recover it will take maybe 1 month or 2 months depends on the environmental effects of the market. Bull needs time to recover to reach $14000 or break its all time high price and that's lambo. Bitcoin takes time to recover and it also needs our patience on waiting if we don't wait then it is our fault when we didn't get any profit because of that kind of attitude wi really bring you to a wrong side. Time is a must in recovering.

[gabbie2010]

Honestly, I have never seriously considered the signals provided by the "technical analysis", because I am convinced that there is such a diversity of indicators that can practically give any signal to any analyst, since they have always had a great deal of subjectivity, so I think that trying to give them so much weight when forecasting the next market movements is usually the cause of so many headaches in naive investors.

Honestly bitcoin defies technical analysis on many occasions personally I don't rely on indicators for trading decision because indicators are calculated based on previous price history and they do lag at times price might move ahead before signalling buy or sell meanwhile fundamentals moves the price of bitcoin whatever indicator used whether moving average, relative strength index or scholastic etc don't correlates with the price movement of bitcoin.

[jakelyson]

Another factor that cannot be stopped is reducing the supply of bitcoin.
this can be a cycle that cannot be stopped and bitcoin will continue to rise.
many predict this.

How is it possible to reduce the supply of Bitcoin? Do you mean hoarding a lot of it? It's not about reducing the supply but it's the adaptation of bitcoins technology for the community that would make the price rally.

Maybe he means that less and less bitcoin will be mined and it is a cycle. Every halving, the rewards to miners will be lesser. Lesser bitcoin will be added to circulation thus pushing the price up.

[1Referee]

Although bitcoin is viewed the most potential as well as promising coin in crypto market, i keep wondering why many people do complaint about it. To be honest, compared with the 2017's movement, bitcoin shows a better sign in this year. But everything needs time to get bounce back, so does bitcoin. The market is recovering step by step, i believe bitcoin will soon inform a good news to us. Let think in positive way instead of worrying and too skeptical.

I think the complaints are related to the bear market and how Bitcoin takes everything down with it. Newbies were so used to seeing the price of coins pump in 2017 that they legit believed it was normal for crypto, and that it would continue for ever. It sounds ridiculous, and it is ridiculous, but that delusional were people back then.

I have even seen noobs team up to boycott Bitcoin, lol. Because if people stop using Bitcoin, the bear market will be over according to them, and altcoins can continue pumping.

People's main problem is that they don't understand what Bitcoin is. For them all Bitcoin stands for is price up or price down. These parasites sit at home all day waiting for the price to move. They don't create anything.

[wuvdoll]

This huge bull run thingy people have been waiting doesn't really happen all at once, people have forgot all about the 2017 peak, we didn't reach to 20 thousand dollars in day one, hell there was a whole week we stayed at 9 thousand dollars and debated if we will ever reach 10k and than we broke it a week later. I am not saying it will happen again or we are on path to 20 thousand dollars again but even if we are than we gotta wait, it can take about a full 2 months before we reach those levels even if we are in a bull run.

We may very well be just staying here and not going anywhere up or down as well so we don't know but just in any case we know everything will be slower than people expect. Some people just want to see 20 thousand dollars like tomorrow and that is not gonna happen.

[BlueStackz]

how long we should wait?

It takes long time to recover it will take maybe 1 month or 2 months depends on the environmental effects of the market. Bull needs time to recover to reach $14000 or break its all time high price and that's lambo. Bitcoin takes time to recover and it also needs our patience on waiting if we don't wait then it is our fault when we didn't get any profit because of that kind of attitude wi really bring you to a wrong side. Time is a must in recovering.

Normally when people ask me for the waiting time, I would tell them till they see the profit they desire to have on their investment, which may take longer than that I month or 2 months, in as much as we can’t control the market or the factors controlling its price movement, except we are a big whale, it will really be hard to tie a particular time to it.

Tying time to it is what make a lot of people get discouraged and fall for panic selling when the time being speculated comes and nothing seems to happen, all I know right now is that the market is in recovery stage and with time and patience like you said, we will see our investment grow to it ATH too.

[r1a2y3m4]

Bull market of course needs time. We can't experienced a bitcoin that is worth 19k last late December if we didn't waited for that to happen. Everything we expect will happen in the future, it just need time and us, we need to wait for it to bloom.

[Bagaji]

Another factor that cannot be stopped is reducing the supply of bitcoin.

With bitcoin, the only thing that affects supply is the number of newly-mined btc, and that isn't going to keep happening forever.

I don't think that supply is going to mainly Bitcoin that will be mined alone but the willingness of people that are ready to sell their Bitcoin can equally served as a supply of Bitcoin and other coins.

[gentlemand]

I don't think that supply is going to mainly Bitcoin that will be mined alone but the willingness of people that are ready to sell their Bitcoin can equally served as a supply of Bitcoin and other coins.

More people should make the difference between supply and production. Supply in terms of what comes up for sale is totally fluid. Production is not. There are freshly mined coins that may never move. There will be coins from 2009 that are ready to hit the market when the moment is right.

[jems]

how long we should wait?

I'm sorry to burst the bubble for you but no one in this community can answer that question. A lot of parameters to be considered, demand, sentiments of the investors, news in the market etc.

The bull is still going strong as of this day, we have breached another mental barrier of $5200 so I guess the run will continue, so let's wait and see.

It is true that no one knows what will happen to the next market and even we cannot do too much and just let time go and will answer everything.

[Bitum]

I do not think much of all these indicators. I believe in fundamental factors and say that we will already be experiencing a lot in this market. That's just the beginning, whoever becomes patient will later be rewarded and collects his dividends