Bitcoin Bull Run ‘Hasn’t Started’

[Natalim]

Here you can see that after first halving price needed 369 days to ATH, after second havling price needed 526 days to new ATH. If trend continues we will wait more than 2 years after the halving to see new ATH, and I think it will.

There's no guarantee that the trend about halving will be followed, there are a lot of factors affecting the market already as it has existed many years and have gained a lot of investors. If the market can pump and dump, that means it can be manipulated and these manipulators can make their own trend if they want because they are in control. I partially believe on the data your shared but I fully disagree on the trend as a basis for a new ATH.

[Oceat]

Here you can see that after first halving price needed 369 days to ATH, after second havling price needed 526 days to new ATH. If trend continues we will wait more than 2 years after the halving to see new ATH, and I think it will.

There's no guarantee that the trend about halving will be followed, there are a lot of factors affecting the market already as it has existed many years and have gained a lot of investors. If the market can pump and dump, that means it can be manipulated and these manipulators can make their own trend if they want because they are in control. I partially believe on the data your shared but I fully disagree on the trend as a basis for a new ATH.

I agree with you since everything here in the crypto world is unpredictable even speculators having a hard time to guess the next move of the market. What we can do is just look at the current news and price and what will gonna happen next. Bitcoin halving will give a new ATH and i'm sure on that but i don't believe it will take a lot of time to actually see the next ATH.

[iv4n]

Here you can see that after first halving price needed 369 days to ATH, after second havling price needed 526 days to new ATH. If trend continues we will wait more than 2 years after the halving to see new ATH, and I think it will.

There's no guarantee that the trend about halving will be followed, there are a lot of factors affecting the market already as it has existed many years and have gained a lot of investors. If the market can pump and dump, that means it can be manipulated and these manipulators can make their own trend if they want because they are in control. I partially believe on the data your shared but I fully disagree on the trend as a basis for a new ATH.

I agree with you since everything here in the crypto world is unpredictable even speculators having a hard time to guess the next move of the market. What we can do is just look at the current news and price and what will gonna happen next. Bitcoin halving will give a new ATH and i'm sure on that but i don't believe it will take a lot of time to actually see the next ATH.

I said "I think" that trend will continue, it`s just my opinion about future price movement. As there is no guarantees about future price movement you can`t say that ATH will come soon after the halving, anything can happen, so price can remain in 10-15 thousand dollars range for some time, even for entire year or more. Just will not reach new ATH just cause you believe in that.
Those manipulations you talk about are nothing new in the crypto world, same manipulators will hold the price where it is for some time, you will see.

[arpon11]

Bitcoin proponents discarded fresh criticism from gold bug Peter Schiff this week after he suggested the cryptocurrency was losing popularity despite its price rise.

https://bitcoinist.com/bitcoin-bull-run-hasnt-started-says-analyst-after-new-peter-schiff-remarks/

This is a wide market and we are having different speculations from different self-made experts daily and I believe that Peter has just expressed his own thoughts concerning the market. Like others has said, "he is a skeptic" and as such he might be seeing bitcoin current state from that angle but those that have been in this market for long do know those that really predict bitcoin price through some technical and fundamental principles and setting! Someone speculates that bitcoin is going to gain over $300 today and that has happened and that is the type of speculations I do accept and not all those that predict based on emotions or selfishness.

[The Sceptical Chymist]

Bah!  I've been hearing Schiff's name since about 2011 or so, when precious metals were skyrocketing.  He's an idiotic permabull on metals, and that's never a rational position to take for any investment. 

I don't know why volume was lower during this last big bitcoin movement, but I'm not reading too much into it.  It could be that a lot more bitcoin is being locked up by stringent holders who aren't selling it.  Schiff is skeptical of bitcoin, and I'm even more skeptical of Schiff and anything he says.  I've long suspected that he only makes these statements in order to keep his name in the news--and it always works, too.

I believe the real bull run will start on the last quarter of this year and will carry through next year because of the halving of bitcoin. 50,000$ is the price i see by next year.

It already started when the price jumped from $3500 to whatever the high was in 2019.  Right now bitcoin just seems to have stalled out somewhat, and I'm not complaining about that.  I'm confident the next movement will be up, and $20k is likely the next stop.  Not sure about $50k next year, though.  That might be a little too much of a gain.

[shoreno]

everything here in the crypto world is unpredictable even speculators having a hard time to guess the next move of the market.

not totally everything because there are those stable coins that dont fluctuate too much  . they are predictable   .  specualtors on the other hand should not try hard because they still cant guess the movement of the coins accurately  . speculating or predicting should not be taken seriously  .

What we can do is just look at the current news and price and what will gonna happen next.

thats not easy as it seems . news and price wont dictate the next flow of the cryptos  .

Bitcoin halving will give a new ATH and i'm sure on that but i don't believe it will take a lot of time to actually see the next ATH.

if thats true then you should confidently say that the ath will happen next year because i heard that the halving will start on 2020 .

[samcrypto]

We had a nice bull run this year, from 4 to 13 thousand dollars. I don`t believe we will see the price of bitcoin over 15 thousand dollars this year, it would be nice to just get and stay there, that would be a good price to start next year with.
Bull run in a way that most of the people wish to see it will not happen this or next year. Right after halving there will be accumulation period that can last for months, even entire year. That was how it happens last two halvings, and that will happen again. Look at this:



Here you can see that after first halving price needed 369 days to ATH, after second havling price needed 526 days to new ATH. If trend continues we will wait more than 2 years after the halving to see new ATH, and I think it will.

Great illustration, now because of this I think the market price of bitcoin will not increase that much after the halving well we will see this one. We know the hype this year are better compare to first and last halving, so the days of waiting to make a new ATH might be lessen. All the best for bitcoin, nothing to worry about in long term price of bitcoin it will grow.

[el kaka22]

You know that most people will say what they have in the head based on their own level of understanding, the fact that bitcoin has not witnessed more increase like it did in 2017 does not mean it is losing popularity. First question, was the position of bitcoin in that 2017 the actually natural position or an artificially made one.

In 2017, we all know that the same way scammers saw an opportunity to scam with the system was the same way the whales saw that there was an opportunity for them to be able to manipulate the market which they did in 2017 and created artificial fomo that made the volume increased, but after learning the activities of whales, they have learnt not to fall for it again

[7788bitcoin]

Bitcoin proponents discarded fresh criticism from gold bug Peter Schiff this week after he suggested the cryptocurrency was losing popularity despite its price rise.

I am not sure how bitcoin will loose its popularity when it is a new market and majority of the people are aware about the new market simply because of its price movement, if you look at the entire financial market you will not find a better performing asset than bitcoin in the past six to eight years and if any cannot see the niche here then no one can help them, any person who invested money in any financial asset has to know about bitcoin even if they have not invested in it.

[freedomgo]

He is out of his mind, the price is increasing and bitcoin recovered, so that's the opposite of losing popularity.
In the entire crypto market, the popularity of bitcoin has been increasing as evidence by the increase of dominant rate and as bitcoin continues to be useful on a day to day basis, more and more business are slowly adopting to the crypto space, and all of them knows bitcoin and maybe have invested with bitcoin as well.

[michellee]

Bitcoin proponents discarded fresh criticism from gold bug Peter Schiff this week after he suggested the cryptocurrency was losing popularity despite its price rise.

I am not sure how bitcoin will loose its popularity when it is a new market and majority of the people are aware about the new market simply because of its price movement, if you look at the entire financial market you will not find a better performing asset than bitcoin in the past six to eight years and if any cannot see the niche here then no one can help them, any person who invested money in any financial asset has to know about bitcoin even if they have not invested in it.

People will see how strong bitcoin grows in this year, and that will make them open their eyes to follows them to invest in bitcoin. Bitcoin will not lose popularity even it will get more popular in the future. People who lose their belief in bitcoin will regret by selling their bitcoin too early, and that will make them hard to buy bitcoin again because bitcoin price will at a higher price than now. We need to be more patient to wait for bitcoin price can be back to the higher price.

[stadus]

Bitcoin proponents discarded fresh criticism from gold bug Peter Schiff this week after he suggested the cryptocurrency was losing popularity despite its price rise.

I am not sure how bitcoin will loose its popularity when it is a new market and majority of the people are aware about the new market simply because of its price movement, if you look at the entire financial market you will not find a better performing asset than bitcoin in the past six to eight years and if any cannot see the niche here then no one can help them, any person who invested money in any financial asset has to know about bitcoin even if they have not invested in it.

People will see how strong bitcoin grows in this year, and that will make them open their eyes to follows them to invest in bitcoin. Bitcoin will not lose popularity even it will get more popular in the future. People who lose their belief in bitcoin will regret by selling their bitcoin too early, and that will make them hard to buy bitcoin again because bitcoin price will at a higher price than now. We need to be more patient to wait for bitcoin price can be back to the higher price.

Most definitely the high price we are looking for will be seen by the end of the year.
Bitcoin is not slowing down, it's still recovering and in fact in just a few days we are back at $12K now, and just like it's previous price trends, Bitcoin makes a new high after recovering from every big correction and I feel this time time we will be heading over $13K which is the high this year.

[7788bitcoin]

I'm a bit confused here, Bitcoin bullrun hasn't started !!!....  Is this person new to the crypto ecosystem ?? or he is just saying things to just get the attention of people in the bitcoin ecosystem?... The bull run of Bitcoin started for a while now and its kinda in a slow phrase currently.

The bull run in bitcoin is expected to happen after the halving, we have seen a tremendous recovery in price after the last bear run and it is recovering really well and if the price is hovering over $10k with the halving set to happen in 2020 it is a great recovery from the bottom we had last year. In bitcoin terms a bull run means that we will see the price breaking many resistance level and taking the price to an all time high valuation before a correction, lets see how the market will react after the halving  .

[Slow death]

The halving will surely bring about a rise in price of Bitcoin.

People are buying bitcoin because of halving and many people are selling their altcoins to buy bitcoin. it reminds me of this sentence:

“#Bitcoin dominance 68.2% — heading to 80% — as alts die in favor of BTC. The 2014-2017 era of alts and hard forks is dead. Don’t be the last to rotate out of alts into BTC.”

If we look at so many good things to come, it makes sense for people to buy bitcoin now and sell their altcoins to buy bitcoin. at this moment all the attentions are for bitcoin

On the contrary, I think bitcoin has gained more popularity...

I agree

[fabiorem]

Bitcoin's price need to be at least 60% of its previous ATH to be in a bull run.

[michellee]

Bitcoin's price need to be at least 60% of its previous ATH to be in a bull run.

That will happen soon, don't worry about that. Bitcoin price can go to the previous ATH in the future, and I think we will see that price in this year or the next year. The price now is up and down in the current price, and soon, it will start to increase high but remember, the correction will happen when bitcoin price already reaches the highest price.

[RealMalatesta]

People will see how strong bitcoin grows in this year, and that will make them open their eyes to follows them to invest in bitcoin. Bitcoin will not lose popularity even it will get more popular in the future. People who lose their belief in bitcoin will regret by selling their bitcoin too early, and that will make them hard to buy bitcoin again because bitcoin price will at a higher price than now. We need to be more patient to wait for bitcoin price can be back to the higher price.

I think it is even now that bitcoin is gaining more popularity than it has even gotten in the past, you cannot compare the level of people’s exposure to bitcoin this time to what the exposure was like in 2017 even when we started the bull run. There were even little or no country then paying much attention to bitcoin but rather criticizing it, but look at now, we can at least count over 10 countries now that has fully supported the use of bitcoin and some have even started to regulate it.

We cannot stop people from having regrets, and the same regret some people still have till now when they got to know about bitcoin in 2010 and never invested is the same regret they will have in future when bitcoin because like 1 million dollars and then 1 satoshi becomes 1 dollar later on.

[STT]

'known sceptic'

I know Peter Schiff's stance  well and he is dead set against crypto, he is more then skeptical more like he believes BTC to be of zero worth.    He has no understanding of how this virtual item could serve any utility or hold any value long term.   If you asked him if it was Ponzi scheme, a complete fiction I believe he would answer almost in complete agreement with that.
      If you want a more balanced view or something close to a sceptic view then listen to Jim Rickards who will acknowledge Bitcoin is money.  He will also lay out the history of money which included money used via tokens such as feathers or sea shells, some of these systems held for hundreds of years.   The point being the exchange and economy between people is what is important to value and the worth of money.  

When we have a political system which undermines many people and their daily work with the money they are paid, many alternatives are possible.  If you think you are hard done by and you live in one of the top ten richest countries in the world even if you are poor then stop and think of the billions who live in 2nd or 3rd world countries and nowhere close to the source of dollar printing.  These people are crying out for an alternative to FIAT and Bitcoin is useful to them and is not zero worth.   Its hard to know this when rich and close to politics or able to vote in a rich western country.

Right after halving there will be accumulation period that can last for months, even entire year. That was how it happens last two halvings, and that will happen again.

Yep sounds like a sensible view to me.   Also we have a reaction to a loss of a dream scenario, so the realisation we arent getting a new high has some then sell.   If some sell it depresses the price for a while maybe months.  This is a normal cycle in markets, halvening is a development not an event so much.  It'll take time, eventually you get a rise a proper push more then speculation.

[BitcoinHunt3r]

For now i think it is still on accumuting phase. Because we can see bitcoin price keep stable but increased slowly. Maybe we can see progress in the end of 2019 or maybe when 2020 halving come. Usually bitcoin price get hyped before it so we need or maybe wait until before halving event come. And then take profit on that time. If me usually i am wait for price that still hyped because if we late price can dumped very fast not like when it is pumped.

[peter0425]

For now i think it is still on accumuting phase. Because we can see bitcoin price keep stable but increased slowly. Maybe we can see progress in the end of 2019 or maybe when 2020 halving come. Usually bitcoin price get hyped before it so we need or maybe wait until before halving event come. And then take profit on that time. If me usually i am wait for price that still hyped because if we late price can dumped very fast not like when it is pumped.

I bet 2020 will likely the start of the massive bull-run, specially after the block halving. History tells us that after a month or two after the halving, the price slowly rises and then will run up to the end of the year. So I'm hoping to see the same scenario again in 2020 to be able to maximise profits. So this could be a good time to accumulate and just hold and wait for the eventual bull run we wanted to see in 2020.