Crypto Bulls Celebrate Too Early?

[vintages]

By the down price of bitcoin yesterday, it seems triggered some altcoin to increase, and we saw that the altcoin has started to rise. If the situations are like this, then the altcoin season soon will come and who knows, we will see it happen in the next month. Today, bitcoin is back to $10k but some of the altcoins still trying to rise so we have a chance to see some surprises from the altcoin. Or the other scenario is bitcoin price will break $11k and will jump to the higher rate. We will see it later.

I doubt if we will see altcoins rising next month, next month can't be the time a lot of investors have been waiting for, though I think that time will be next year.
Positively, by next year, there will be a major rise is altcoins, so don't be surprised if we see more red from altcoins, next month and towards the ending of the year.

[Question123]

Personally, I don't really see this recent rise as crypto bull run. From my observations, the entire crypto market is in a state where the market value of most crypto coins rise and drop within a time interval and pattern. I don't think people are really celebrating any bull run of cryptocurrency.

Peopel are exciting to happen bitcoin back to high value,  celebrating is depends on them because we have different opinions.
If other person think it's too early celebrate bull run, but for now bull run are happening right now because the price is already half of the total highest price of the bitcoin in 2017. Until now this is questionable for the others if bull run really happening or not.

[Diirtmaan]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



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Now Bitcoin has recovered again https://www.blockchain.com/prices to $10300. I am hoping that the reason for the growth is the launch of Bakkt. Let's see if this becomes a success for the crypto market and whether the bull rally will continue.

[GreatArkansas]

Now Bitcoin has recovered again https://www.blockchain.com/prices to $10300. I am hoping that the reason for the growth is the launch of Bakkt.
(....)

Bakkt is everywhere  . Let's hope that Bakkt will be the reason that we can see more pumps on  the Bitcoin, for the recent dump I think, it was just a correction as long it will not go below $9,000.
There's a lot of bulls got liquidated on the recent dump and lot of bears also liquidated when it bounce back again to around $10,000.

[Jating]

There is nothing to celebrate here, just the usual retracement/rebound movement in the bitcoin market. Last 48 hours was crazy but it doesn't mean that we are already in a sort of bull run because of bakkt or any positive news that comes along.

If you celebrate early, then you haven't seen what it feels like to get REKT in the next day. Just stay positive and let the market flow in its normal course and see where or how far can it go.

[mazdafunsun]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.

Words like " bleeding red" are too much and arr not appropriate for that movement. Yes, there was an red candle in BTC chart but it was nothing new and nothing extra ordinary from BTC. And since then  BTC has recovered nicely to the same level as before the red candle. Alts are relatively stable , the next couple of days will show us was it a fake pump or start of something else.

[Janation]

Insert the "new guy meme" here.

It's been years since this is happening in the market.

Though the price did decrease today, I don't think you should say it like it will be the same for the next days, weeks and months. We are dealing with a volatile cryptocurrency, the change would be really quick every single day.

[bitbunnny]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



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It's back on its feet again, but not at the price that we really wanted, we are very hopeful that the last quarter of the month will bring positive results, but unfortunately, it's not happening, the price is still going down, the best or the highest that we have gained was the $13k level after that it went down and stay at the $10k level.

What are you people talking about? Back on the feet again? Like there was some major price dump or something and nothing really happened.
I'm still surprised to see how many users still act and think like newbies, although they are not. What happend is just usual snall correction, something that normaly happens in Bitcoin price cycle. So I don't see any reasons to celebrate or to feel sorry.

[Yaunfitda]

Incredible, having the altcoins season at this point in time is a welcome development because it has been over due. Seeing the altcoins doing well make my self good as making profits from altcoins to Bitcoin is an interesting one, this make me remember what happened some few years back. Although we may see a  good bull run after the Bitcoin halve next year and it will be a better time again with the altcoins.

Hopefully altcoin will be able to benefit from the next bitcoin halving or repeat history atleast, i am one of many who invested a lot in altcoins because i belief i will make good profit rather than investing in bitcoin even when i had the chance, 2020 is the year i am longing for since 2018 after bears take over the market

Can altcoin investors still wait eight more months and wait for the bitcoin halvening? That's almost two years of bearish altcoin market. For majority that is too long and could have been thinking of shifting to bitcoin or have move already.

I'm sorry I don't see any bullishness along the lines, it just had a bounce from a correction we have seen. It went as low as ~$9800 and then quickly recovery above $10k already.

Let's see on the 26th though, if bakkt could bring the price to the next level.

[ray_saeed]

The main realease of autumn is coming. Everyone is bullish right now

[metallica101]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



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And now it is back to normal, and it might stay at normal, or it might continue going up. This is what happens with cryptocurrencies — prices go up and down. The media tends to jump to conclusions just as quickly as the crypto bulls, it seems.

[oleg681010]

While there is no sense to celebrate, the situation is still extremely unstable

[robelneo]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



Full Article

I was really surprised, the first thing that I do after waking up in the morning is to open my pc and check the price but last week plunged kills the momentum, this is not the first time it happens, and I'm pretty sure it will happen again, might as well expect this until the end of the year.
If the situation continues, the rising and falling of price then we should stop expecting another all-time high this year, and just save all our hopes next year.

[MonsterV]

By the down price of bitcoin yesterday, it seems triggered some altcoin to increase, and we saw that the altcoin has started to rise. If the situations are like this, then the altcoin season soon will come and who knows, we will see it happen in the next month. Today, bitcoin is back to $10k but some of the altcoins still trying to rise so we have a chance to see some surprises from the altcoin. Or the other scenario is bitcoin price will break $11k and will jump to the higher rate. We will see it later.

With rise in bitcoin yesterday brought positive market sentiment, where all coins experienced a rather strong pump. Now I am just waiting for closing point MA130, if BTC close above MA130 then that is a good sign that BTC will bounce back and vice versa. And I'm also waiting for confirmation of weekly support for MA20 on Monday.
MA20 = https://i.imgur.com/XmUO6rS.jpg

[Golftech]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



Full Article

I was really surprised, the first thing that I do after waking up in the morning is to open my pc and check the price but last week plunged kills the momentum, this is not the first time it happens, and I'm pretty sure it will happen again, might as well expect this until the end of the year.
If the situation continues, the rising and falling of price then we should stop expecting another all-time high this year, and just save all our hopes next year.

The fluctuation affects the investors' decisions whether to hold or go with the flow and make some small profits with the ups and downs coming from the market. Each time the market experienced good run, the next thing to follow is having some correction and move the value back. If you have enough understanding of the current flow, you will soon be catching the right timing to position yourself and take every opportunities to earn.

[xamxam]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



Full Article

Majority of the community here in the forum I guess are awaiting so much about crypto bulls, and yet its not happening so far.
Perhaps, crypto or bitcoin bulls will surely happen when 2020 comes up. Because if you going to check the market only few of the altcoins
are kicking their price where mostly pump and dump are often happened.

[yazher]

At least ETH giving us hope again, with its price $200+ today.
Who knows it other Altcoins will increase their prices in these coming days?
If someone of you holding bleeding coins you just need to have patience
as you can see with the ETH for a short time it came back to $200+.

[serjent05]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.



Full Article

It seems that this is just a regular fluctuation since price goes up and down and not a major crash or surge.  Though I think Bitcoin had enter a sideway trend since it rallies from $3k to almost $15k.  We can't still remove the fact of Bitcoin being in a Bull run because the sentiment is quite positive atm.   There are lots of good news and ATH "prophecy" stuff.  As of Altcoin Season, I do not think it will happen very soon since Bitcoin is raking the dominance in the market.

At least ETH giving us hope again, with its price $200+ today.
Who knows it other Altcoins will increase their prices in these coming days?
If someone of you holding bleeding coins you just need to have patience
as you can see with the ETH for a short time it came back to $200+.

Indeed it is a good view to see ETH in all green .  As of the coming day, some of those who rose with ETH are now currently in red such as XRP, and I agree patience is the key to get profit in this crypto industry.

[Questat]

What it came into my mind is that, are we playing hypes again or this is natural? Well, I'm not questioning the capability of the market but I'm just worried if this will only cause losses to us.
It may have to believe also that we are preparing for the next bull run but it is actually too early to celebrate as well. Well, it hopes that the market will sustain its momentum until the end of this year and we finally be seeing the bull run back again in real.

[barbara44]

The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it.

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It was really a very sad situation, when I saw it too, I thought that we are already in the win win situation again and  I was expecting a very big surge in those coins, but it was a great surprise for me to see it plunge low, and I think that many people that saw profit on the increase were the ones that made the market to plunge again as they were  a removing their coin and also, I am not sure we have much new investors because in the past, this should have actually been a factor if fomo, many people in the past would have because of this start investing out of fomo, but if the people that we have in the market are still the older investors, you know that many of them already understand the market,  so this is not enough to cause fomo buy.