Quickly accumulate Bitcoin before the market breaks down 6K$ in the second 2019

[pooya87]

you should have accumulated when the "wise money" was accumulating bitcoin when price was at the bottom in the $3k range and now is the time to sit back and enjoy the rise. but most people chose to ignore the reality back a couple of months ago and instead believe in the FUD and stay panicked and out of the market and now they are paying the price by being forced to buy bitcoin at a >75% higher level compared to the bottom and this will only get worse as time goes by since bitcoin continues to rise. $6k will soon be history too.

[thecodebear]

you should have accumulated when the "wise money" was accumulating bitcoin when price was at the bottom in the $3k range and now is the time to sit back and enjoy the rise. but most people chose to ignore the reality back a couple of months ago and instead believe in the FUD and stay panicked and out of the market and now they are paying the price by being forced to buy bitcoin at a >75% higher level compared to the bottom and this will only get worse as time goes by since bitcoin continues to rise. $6k will soon be history too.

Exactly, smart money was buying all throughout the bottom in the $3000s. Smart money may still be buying, but certainly there are plenty of people (most people in the market in fact) who were too afraid to buy at the bottom and need to follow this advice and start buying now. Bitcoin will likely pass $6k before the end of May. Of course that doesn't mean it won't be a great buy afterward, but in these early days of the bull market people should be buying in as soon as they can, because as a general rule it will only be higher for the next couple of years as this bull run slowly heats up.

[bitsurfer2014]

I think BTC will surpass $6k before the month of June 2019 since most indicators are getting bullish on it right now. I guess most retail investors are building up a FOMO attitude that could be contagious and could lead to BTC's massive surge in price or even reach its previous ATH soon.

[thecodebear]

I think BTC will surpass $6k before the month of June 2019 since most indicators are getting bullish on it right now. I guess most retail investors are building up a FOMO attitude that could be contagious and could lead to BTC's massive surge in price or even reach its previous ATH soon.

I wouldn't be expecting new ATHs anytime soon. Remember it took a good bit over a year in the last market cycle after bitcoin broke out of the bottom for it to hit its ATH. We're barely more than a month into the bull market now. I wouldn't expect ATH to be surpassed until second half of 2020 at the earliest. Bitcoin has only gone up about $800 since its spike out of the bottom of the market 5+ weeks ago. It's not going to suddenly start shooting up thousands of dollars in a short period of time. I think we should expect a slow gain to $10k this year, and a slow gain likely above ATH high next year, and then watch the madness of another market boom in 2021.

[Silberman]

Bitcoin price (BTC) will soon increase again, but investors need to accumulate more coins before the second half of 2019, quoted Fundstrat Global Advisors, a market strategist on May 3.

In a statement to customers on May 2, Fundstrat analyst Robert Sluymer said that while strong signals show that the market is rising strongly, the accumulation of coins has not ended. The BTC / USD pair has risen sharply during this week to reach the peak of 2019 on Friday, continuing on the way back to position in November 2018.

Take advantage of the market adjustment period to continue accumulating Bitcoin in the second quarter of the year in case the market breaks the 6000 USD barrier in the second half of the year." Mr. Slyumer continues to warn there will be short-term fluctuations

What do you think about the above statement?

In a way I think he is right but the problem with such predictions is that it always seems like the movement is imminent and no market works like that, an asset with strong fundamentals can go down for months or even years and most investors do not have the patience to hold their assets for that long, so only buy bitcoin if you are absolutely sure you can hold until the recovery happens.

[Jating]

Take advantage of the market adjustment period to continue accumulating Bitcoin in the second quarter of the year in case the market breaks the 6000 USD barrier in the second half of the year." Mr. Slyumer continues to warn there will be short-term fluctuations

What do you think about the above statement?

It's pretty obvious that you don't need to be a rocket scientist to know that this is a perfect time to accumulate because the price is currently cheap.

And I don't know why people are not taking advantage of the situation though. And then you will hear them bitch around saying that bitcoin is too expensive, blah blah blah.

They have given the time and opportunity, if they don't like to get in, then it is their loss.

[davis196]

Bitcoin price (BTC) will soon increase again, but investors need to accumulate more coins before the second half of 2019, quoted Fundstrat Global Advisors, a market strategist on May 3.

In a statement to customers on May 2, Fundstrat analyst Robert Sluymer said that while strong signals show that the market is rising strongly, the accumulation of coins has not ended. The BTC / USD pair has risen sharply during this week to reach the peak of 2019 on Friday, continuing on the way back to position in November 2018.

Take advantage of the market adjustment period to continue accumulating Bitcoin in the second quarter of the year in case the market breaks the 6000 USD barrier in the second half of the year." Mr. Slyumer continues to warn there will be short-term fluctuations

What do you think about the above statement?

I don't trust Fundstrat since their last year predictions that were completely wrong.
They are just a bunch of monkeys,that keep watching the charts,and if the bitcoin price goes up,they start with the "it will go up" predictions "based on their analysis".I've never seen any good Fundstrat analysis so far.

[Lanatsa]

What do you think about the above statement?

Again with this Mr. Slyumer making some words and predictions but somehow this is realistic and plausible compared to those other famous people who do
keep telling or making exaggerated predictions.Basing on the observation we do really see some recovery on the prices but this isnt really a guaranteed thing that
we would able to break out on next quarter of this year.I do rather believe when we do able to reach up halving then we would able to see significant increase.

[Pursuer]

I don't trust Fundstrat since their last year predictions that were completely wrong.
They are just a bunch of monkeys,that keep watching the charts,and if the bitcoin price goes up,they start with the "it will go up" predictions "based on their analysis".I've never seen any good Fundstrat analysis so far.

I don't think they have made any "predictions" ever!
all they have always done (specially with Tom Lee) is making statements to make the news so that their name can be heard. there is no analysis in any of their statements either, they bring up some reasoning each time that most of the times don't even make sense. it is just the new form of advertisement that is becoming popular these days.

[tomahawk9]

but investors need to accumulate more coins before the second half of 2019

They've been accumulating since we hit 3.2k. Any smart investor that had Bitcoin under their radar took advantage of cheap prices months ago. We could argue about how even the current price (5.8k) is cheap considering that it possibly go up to 20k again, but to maximize profits, the smart thing to do is buy while is cheap, not on the way up.

[Supercrypt]

This statement is for the new investors and not the pro investors if I may say, everyone knows that bitcoin has already dumped so hard and has bottomed, so these recovery stage is the stage of accumulation, if people don’t invest now, when will they start investing.

So, I strongly believe that he doesn’t even need to remind people before they know that we are in the accumulations stage and we are all trying our possible best to accumulate as much as possible, but we cannot do more than our power, we just have to wait for the ones we have invested to mature in future while we leave the rest to the newer investors.

[BitHodler]

We could argue about how even the current price (5.8k) is cheap considering that it possibly go up to 20k again, but to maximize profits, the smart thing to do is buy while is cheap, not on the way up.

I don't understand why some people still look back at the $20k peak and think it has much importance. It was reached while we were going through a massive ICO bubble where it didn't matter what price people bought at.

All people cared about was to buy $10k worth of Bitcoin or Ethereum and convert it straight to whatever token people were interested in. The price of Bitcoin and Ethereum didn't matter at all.

Right now the price does matter because there is no ICO bubble. If people buy Bitcoin, it's purely based on Bitcoin and nothing else. In other words, if we reach higher levels, it can be seen as a new all time high based on legit demand.

[thecodebear]

We could argue about how even the current price (5.8k) is cheap considering that it possibly go up to 20k again, but to maximize profits, the smart thing to do is buy while is cheap, not on the way up.

I don't understand why some people still look back at the $20k peak and think it has much importance. It was reached while we were going through a massive ICO bubble where it didn't matter what price people bought at.

All people cared about was to buy $10k worth of Bitcoin or Ethereum and convert it straight to whatever token people were interested in. The price of Bitcoin and Ethereum didn't matter at all.

Right now the price does matter because there is no ICO bubble. If people buy Bitcoin, it's purely based on Bitcoin and nothing else. In other words, if we reach higher levels, it can be seen as a new all time high based on legit demand.

I agree to an extent. I don't know why people talk about $20k as that is the thing to get back to, when in reality the last peak is the starting point for the exponential gains to begin on the next bull run. So looking to get back to $20k only makes sense in the context of after it crosses that the real gains will begin.

But to say the bitcoin and ethereum prices didn't matter at all is a bit silly. Those were the main two things people were watching, bitcoin first and foremost of course. Sure ICO's were a big part of the bubble, but its not like bitcoin's rise in 2017 wasn't real or didn't matter because there was an ICO bubble. First off the ICO bubble meant an exaggerated bubble for Ethereum, not bitcoin. Bitcoin was just normal bitcoin bubbliness. The ICO craze helped bring in people to crypto which contributed to bitcoin's bubble, but that's just part of the market. To say all people cared about was buying bitcoin to convert it to a token is simply not true at all. The token was never the end goal. More bitcoin, or more Ethereum, was the end goal. People didn't care about the ICOs, they cared about the gains in Bitcoin or Ethereum that they could get by buying an ICO, and selling it a hundreds of percent profit in a short period of time to get more of the main things: bitcoin and ethereum. So that directly goes against what you are saying. Bitcoin was what people cared about, ICOs people didn't care about, they just wanted the profit. Which is no different than the trading that has always occurred in the market.

[FanEagle]

I wouldn't say TA is useless with cryptocurrencies, but TA is far less unreliable with cryptocurrencies compared to some other stuff like stocks and other assets.

No. Analysis actually works with cryptocurrency too, it depends on how the analyst understands and able to interpret it, there are some stages that TA works for and there are some stages it doesn’t work for, take for example long term cryptocurrency investment, TA will never work only fundamental analysis can be used to predict the price of bitcoin for long term.

For short term trade, technical analysis works as much as it does for forex trade too, they are no difference, if you can use TA for forex trading and stock, then you can use it for day trading in cryptocurrency too. So, you have to learn to use it well, I have been using it for my day trade and it’s been working.

[Kiweikoo]

Bitcoin price (BTC) will soon increase again, but investors need to accumulate more coins before the second half of 2019, quoted Fundstrat Global Advisors, a market strategist on May 3.

In a statement to customers on May 2, Fundstrat analyst Robert Sluymer said that while strong signals show that the market is rising strongly, the accumulation of coins has not ended. The BTC / USD pair has risen sharply during this week to reach the peak of 2019 on Friday, continuing on the way back to position in November 2018.

Take advantage of the market adjustment period to continue accumulating Bitcoin in the second quarter of the year in case the market breaks the 6000 USD barrier in the second half of the year." Mr. Slyumer continues to warn there will be short-term fluctuations

What do you think about the above statement?

The market has already broken the $6000 barrier and now we are going to expect a bull run in price of bitcoin and other cryptocurrency in the market that has great potentials, for those that haven't made purchase of bitcoin already should try buying as much as you can purchase because you might not see the price of bitcoin in this current price anymore, so it's good to be a partaker than to be one of those regretting why you didn't make purchase.

[el kaka22]

I think it is still quite early to get bitcoin, I know it looks like 6400 is the level where it is too late to get into bitcoin but remember those people who got into bitcoin at 10 thousand dollars and sold at 20 thousand dollars. We are still at early stages of a bull run and we can go way higher than this price.

Also, right now the altcoins are still trying to shrug off the shock bitcoin caused and most of them worth less bitcoin while worth same dollar which means given enough time they will worth more bitcoin and more dollars in the end. That is why you can either invest into bitcoin right now and still make a lot of profit or you can invest into an altcoin that you trust and make even more profits. Just because the price is on the rise don't think you are too late, even the people who bought at 20 thousand dollars will profit one day.

[enhu]

Price rose up to $6400, it must be the start of bullrun, somehow price will always dip before pumping again so you can buy every time this happen. I don't know what Fundstrat said in the past but all those that predicted BTC will rise up again are correct. So accumulating little by little ain't so bad of a strategy.

[coinplus]

I have been doing that all 2018, I had to cash out some of my bitcoin because of some family urgency stuff and at one point I was so poor because of those things that I literally didn't know how I would eat dinner but with careful calculations I have managed to make some savings and right now I am doing much better, I both have bitcoin saved up on the corner and keep earning more and more bitcoins while not spending all the ones I have already so it means I am going to have more bitcoins the longer I keep working but at the side I also get other altcoins and airdrops and ICO's and all that which worth really not that much right now but I believe they will be one day which will make me super rich (hopefully). So I definitely agree with this post and believe bitcoin will be not only over 6 thousand dollars but will be over 10 thousand one day.

[gentlemand]

I think and always will think that TA is complete and utter bilge.

I am more inclined to believe in the psychology of the bubble cycle and that's what people should pay more attention to. Psychology is universal and infinitely more predictable than the next two minutes on Bitmex. If we do peak again in late 2021 ish I'll be a full believer.

The bloke's advice seems fine enough. Looks like he didn't expect this rise either.

[tspmhack6]

And how they see the process of accumulation of coins? To get a price increase someone have to buy BTC, to accumulate BTC (considering that all of those investors are not trading secretely somewhere outside of exchanges) you also have to buy it. So in this case the process of accumulating BTC would immediately trigger the BTC growth without waiting for anythinf else. So if someone is accumulating something then we should witness a price increase.

I think with their "analysis" they hope to push people to buy BTC to accumulate while they dump their coins.

If people buy BTC from the moment I write this article, they probably have interest now.
But with this market and especially the Binance floor not yet for the Deposite and withdrawing, I think when Binance opens again perhaps the price will go down. What do you think?