BTC - Pump or Dump

[BY_ATOM]

As the volume of BTC is going down the price has decreased too. Do you think it just makes a step back before the pump to 15k+ or it will follow the trend to 5-6k?

Its dumping but we should no go to level of $6k again, because its not good for the market. The pump I believe will start again on the middle part of 3rd quarter especially on the Month of August and September, maybe the ghost month will bring luck in the market this time and I hope to see the price of $15k later this year. The market goes up high within the previous month, and I believe it will repeat again this year so watch and take profit.

I realize some people are waiting for 6K or more lower, but it ain't gonna happen. Institutional investors are coming back to the market, the demand of bitcoin is skyrocketing and will keep on bullish. We have another uptrend my friend, it's time to accumulate and take profit.

With big demands coming from new investors and businesses who also see the potential from this industry, we must anticipate that the market will grow more, this downfall might came from those who already thinks that the profits that they've take already enough for them  followed by weak holders, it must be analyzed and make some good movement in order to benefits with any situations inside bitcoin market.

I think You're right. People who bought bitcoin at the end of 2017, decided that now is the best time to return their money spent. And those who are smarter, not sold, and keeps your coins on)

[snipie]

I think You're right. People who bought bitcoin at the end of 2017, decided that now is the best time to return their money spent. And those who are smarter, not sold, and keeps your coins on)

I do not think this is correct or at least significant. People who bought bitcoin at +$15k were for most new users and big whales imo. Of course the whales made their profit once once the price rises leading it to crash hardly then come the chickens and sold their coins with loss to save as much money as possible.
So people who didn't sell their coins at that time are still waiting for the appropriate level to sell it even with a little profit margin, while big whales don't care at all whether the waves are high or low...they will always make profit at the end!

[Rooster101]

Profit-taking is always a part of trading and expect it to happen everytime the traders or investors achieved their target price. Pump and dump are one of the strategies of those big investors or the so called whales and often the victims of this kind ofstrategy are the smaller investors that merely want to have a small gains. At present, the price of bitcoin is still $11k range, if there is no dump coming in the weeks ahead, the price will try to enter $12k again and eventually $15k.

[Caladonian]

Profit-taking is always a part of trading and expect it to happen everytime the traders or investors achieved their target price. Pump and dump are one of the strategies of those big investors or the so called whales and often the victims of this kind ofstrategy are the smaller investors that merely want to have a small gains. At present, the price of bitcoin is still $11k range, if there is no dump coming in the weeks ahead, the price will try to enter $12k again and eventually $15k.

That's how the market works, traders will try to compensate and earned from each trades that they will take no matter what, the bad side, is whales are here and they are also working with much higher profits, small players indeed become the victims as while they are trying to get something fuds will show up and bring the hope down making them to react and panic to sell out with loses.

[stadus]

So far, I still think that the price of bitcoin will pump this year. I am still thinking about the right way to generate bitcoin in a fast time to have it in large numbers until the end of this year. I feel that the price will exceed $ 15,000 by the end of 2019.

If bitcoin will not fall below $10,000 this year, we might see that price, and even more than that.
I predicted that bitcoin will certainly rise over $20,00, so $15,000 is pretty easy with the current trend which is bullish, this quarter, we might see $15,000, hopefully and with that, I'm sure some could cash out and just enjoy the profit especially if they both at dip which is at sub $3000.

[serjent05]

If bitcoin will not fall below $10,000 this year, we might see that price, and even more than that.
I predicted that bitcoin will certainly rise over $20,00, so $15,000 is pretty easy with the current trend which is bullish, this quarter, we might see $15,000, hopefully and with that, I'm sure some could cash out and just enjoy the profit especially if they both at dip which is at sub $3000.

I also have the same speculation, after this sideway, I also think Bitcoin will push towards $ 15k at the end of this quarter.  The reason for this will be the refreshed news about the ETF decision hype. And some analyst also stated that it is possible for Bitcoin to reach $21k at the end of this year which makes sense because of his price charts that almost hit the actual price of BTC during the end of June.  This was speculated by Trace Mayer

[LUCKMCFLY]

Due to the shape of the bitcoin chart, and taking into account the phases of the market it has gone through, it is very likely that we are in a bullish trend, which is more likely to rise not only to $ 15k but to a possible $ 20k, if we take into account the philosophy of Wyckoff is likely that we are already by the "SOS" that gives input to the great bullish trend. Of course, due to volatility, everything is possible, but it is very difficult for the price to fall.

[peter0425]

If bitcoin will not fall below $10,000 this year, we might see that price, and even more than that.
I predicted that bitcoin will certainly rise over $20,00, so $15,000 is pretty easy with the current trend which is bullish, this quarter, we might see $15,000, hopefully and with that, I'm sure some could cash out and just enjoy the profit especially if they both at dip which is at sub $3000.

I also have the same speculation, after this sideway, I also think Bitcoin will push towards $ 15k at the end of this quarter.  The reason for this will be the refreshed news about the ETF decision hype. And some analyst also stated that it is possible for Bitcoin to reach $21k at the end of this year which makes sense because of his price charts that almost hit the actual price of BTC during the end of June.  This was speculated by Trace Mayer
[.. snip ..]

Yep, as I have said in other thread, perhaps we will see some accumulation again, and by October we will touch $15k. We are waiting for the Bakkt news, although it hasn't been official approved, but we have seen LedgerX and ErisX gets the nod from CFTC for their physical bitcoin future contracts offering.

[BY_ATOM]

I think You're right. People who bought bitcoin at the end of 2017, decided that now is the best time to return their money spent. And those who are smarter, not sold, and keeps your coins on)

I do not think this is correct or at least significant. People who bought bitcoin at +$15k were for most new users and big whales imo. Of course the whales made their profit once once the price rises leading it to crash hardly then come the chickens and sold their coins with loss to save as much money as possible.
So people who didn't sell their coins at that time are still waiting for the appropriate level to sell it even with a little profit margin, while big whales don't care at all whether the waves are high or low...they will always make profit at the end!

And you think this approach to the question is correct? New people having no idea about the cryptocurrency market enter the 15K and give their money to rich uncles, is THIS the NORM??? I think the main problem is ignorance of new players. If this problem is removed, we will get a really stable bitcoin exchange rate.

[serjent05]

Yep, as I have said in other thread, perhaps we will see some accumulation again, and by October we will touch $15k. We are waiting for the Bakkt news, although it hasn't been official approved, but we have seen LedgerX and ErisX gets the nod from CFTC for their physical bitcoin future contracts offering.

I am excited to see what will happen to BTC price once these physically settled futures start operating.  There are some rumors that this will make the price of Bitcoin to go down for a certain reason but I do not think this kind of futures is like the CME and CBOE that is cash settled ( can sell unlimited Bitcoin ) since this settlement is not backed by  Bitcoin.  So the price going up on the later part of 2019 is very possible because ErisX will probably operating by that time, which means there will be an intitutional demand for Bitcoin and this will be huge for Bitcoin market.

[Caladonian]

well, now the price of ETH is back past the price of $ 11k, and is approaching the price of $ 13k I think this is a small pump. it's just that, the pump that is happening right now is only happening to bitcoin. I think, this year the price of bitcoin will pump big.

As we all expecting to happen, this small pumped can create big interest to more people who also following the trend, it can be a good start for new
adoptions and investment from businesses as there's more people who's seeing the benefits and usage of this system.

Lets wait for further rise and keeps positive impression to build more trust from new investors.

[jabrix]

Due to the shape of the bitcoin chart, and taking into account the phases of the market it has gone through, it is very likely that we are in a bullish trend, which is more likely to rise not only to $ 15k but to a possible $ 20k, if we take into account the philosophy of Wyckoff is likely that we are already by the "SOS" that gives input to the great bullish trend. Of course, due to volatility, everything is possible, but it is very difficult for the price to fall.

I see this trend following the 2017 trend, where until the end of December the price could reach USD 20000. My prediction was triggered by the increasing confidence of many countries and large corporate companies that received crypto, both as a means of payment and as an investment.
There is even a tendency for large companies to implement a technology system that accompanies bitcoin, namely Blockchain, because it can increase efficiency which has an impact on increasing competitiveness. This obviously increases people's trust in bitcoin.

[marcbitcoins]

As the volume of BTC is going down the price has decreased too. Do you think it just makes a step back before the pump to 15k+ or it will follow the trend to 5-6k?

I believe that this current going down trend is just a temporary correction from a long jump in which from $3,800 it pump into $13,800 in just 2 months but still i believe that jumping to $15,000 in an instant again is difficult as the more the Bitcoin become expensive to purchase is the more the small time investors will be in difficult to purchase for an investment.

[Siren]

As the volume of BTC is going down the price has decreased too. Do you think it just makes a step back before the pump to 15k+ or it will follow the trend to 5-6k?

With the performance bitcoin showing us?i think there is no chance of getting back to that low,though just like night we dropped to $9,400 yet this is too far for that 5-6k$ within this pump,

We can see the $15,000 or even the $20,000 again in this year and may grow even higher before the last quarter arrive

I will always be positive in this year because I have seen the light from the total darkness of 2017 and when that year who tells us how cruel cryptocurrency if you are not ready and cannot have enough time to wait longer

[STT]

The title is incorrect, same as the nonsense about ponzi schemes.  Bitcoin has a utility, maybe not so much to a millionaire but to a world of common people the little bits are all they have and if Bitcoin has a purpose for them it has a standing and demand at many prices that are not just speculation.

[pimchanbuabueng]

its really unpredictable so better just monitoring its price on CMC or coin market cap

[Yamifoud]

its really unpredictable so better just monitoring its price on CMC or coin market cap

I think it is not necessary anymore. Price fluctuations is very bold at this time, it changes its course every now and then. What we have to look for now isn't on the price but for a sustainable market and to prove that btc won't be dumb dead in the future. 

[fourpiece]

This year is a bull year,  btc is not dumping but rather the true bull run will start next month be sure to get btc at this price cause it will pump soon lilike theres no tomorrow.

[imstillthebest]

This year is a bull year,  btc is not dumping but rather the true bull run will start next month be sure to get btc at this price cause it will pump soon lilike theres no tomorrow.

i like your confidence mate but i will disagree when you say that btc did not dump  .  i dont know if you are updated on the price or you are just prentending to ignore those dumps that happen recently  .

and how did you know that the bull run will happen next month ?   btc did a bull last time but as usuall it didnt last a long time . now the correction strikes again but as soon as the correction is over it will be replaced by another bull trend  .

[Hamphser]

This year is a bull year,  btc is not dumping but rather the true bull run will start next month be sure to get btc at this price cause it will pump soon lilike theres no tomorrow.

I couldn't agree that this is only the bull year. Yes, Bitcoin has made some more significant growth compared to last period but corrections, even bigger ones appear from time to time and I think such trends will continue until the end of the year.

We still have bitcoin halving next year and i think the bullish trend will still continue until next year but after the halving we should expect that there would be a massive correction that will going to happen again. But as of now bitcoin is in a stable price of $10,900 since the last time it was headed below 10K.