Bitcoin bull run

[Polo7]

Bitcoin bull run, how we Know its a bull run?

If the usdt minted usdt to buy bitcoins Everybody was confident its a bull run but it was bull trap!



So how the real full bull run Will look like?  Daily Weekly Monthly?
Everybody buying bitcoins but despite this we are not at bull run zone?

Now its a question how is the Bitcoin Price is exacly determined? 

Are we not bull run coz People buy bitcoins otc method?

[Ayiranorea]

There is no perfect prediction about the market move. It is all about the coincidence taking place with the predictions made by the people. A bull run can be identified when there is continued growth in the marketcap along with the dominance. Now what we experience is just a fluctuation, because the market hasn't initiated any strong downturn. The price stays close to $9500, this will get changing within limited range until there is inflow of investment which too is a beginning for bull run.

[Polo7]

There is no perfect prediction about the market move. It is all about the coincidence taking place with the predictions made by the people. A bull run can be identified when there is continued growth in the marketcap along with the dominance. Now what we experience is just a fluctuation, because the market hasn't initiated any strong downturn. The price stays close to $9500, this will get changing within limited range until there is inflow of investment which too is a beginning for bull run.

If im Right If i think that btc price not rise up much coz investors will try to buy off line through private networks?

We can only see the high hash rate it means mining has been increased?

[Polo7]

And big  % of Bitcoin hodlers Don't sell or buy.
So That's the reason price is quite stable around 9-10k.

[exstasie]

So how the real full bull run Will look like?  Daily Weekly Monthly?
Everybody buying bitcoins but despite this we are not at bull run zone?

Sure seems like sellers are outnumbering buyers to me.

The lower $8,000s were always a good candidate for the bottom of this correction. Why? Fib levels, long term moving averages, and because it was the center mode of the May-June bull flag. Here's how it might look, courtesy of dmwardjr: https://bitcointalk.org/index.php?topic=5140701.msg52547743#msg52547743

[boyptc]

So how the real full bull run Will look like?  Daily Weekly Monthly?

No one can say how it will look like unless it finally happened but mostly it won't be thru hype.

Everybody buying bitcoins but despite this we are not at bull run zone?

It's because many are taking the chance of buying it while it's low.

Now its a question how is the Bitcoin Price is exacly determined? 

It didn't change, supply and demand.

Are we not bull run coz People buy bitcoins otc method?

Obviously no, bitcoin plunged to $8577.

[samcrypto]

If the price of bitcoin makes a new ATH then we are on the bull run. Whether they buy over the counter or through exchanges the price should still go up because the supply becomes limited and they bought that from a specific wallet too. The bull run is soon to begin, we have to be patient and be ready for the possible big spike on the price.

[Twinkledoe]

Dude , it is more of a Bear shitting in the woods.

He is talking of the bull run but right now we are like in the bearish period. Situations like the bitcoin auction - https://thenextweb.com/hardfork/2019/09/23/uk-bitcoin-auction-seized-criminal-cryptocurrency-wilsons/, will also decrease the btc price in the coming days. But of course, I still do believe in btc, it will rise again in the coming months. Be positive! 

[BitHodler]

Situations like the bitcoin auction - https://thenextweb.com/hardfork/2019/09/23/uk-bitcoin-auction-seized-criminal-cryptocurrency-wilsons/, will also decrease the btc price in the coming days.

This auction has a total value of around $575k at today's prices, so no way that it will decrease the price. Another thing is that these coins will be sold through an auction, which means that it doesn't affect the price.

In order for the price to be decreased, thousands of BTC will have to be market sold on an exchange, and then still, a whale may appear and gobble up these coins to thicken his position without losing too much due to slippage.

[adaseb]

Dude , it is more of a Bear shitting in the woods.

He is talking of the bull run but right now we are like in the bearish period. Situations like the bitcoin auction - https://thenextweb.com/hardfork/2019/09/23/uk-bitcoin-auction-seized-criminal-cryptocurrency-wilsons/, will also decrease the btc price in the coming days. But of course, I still do believe in btc, it will rise again in the coming months. Be positive!  

I am positive, positive the price for all cryto is crashing to lows for decades to come.  

The Bubble is burst, hold to $zero if you like, but not a smart play.

FYI:
At what price do we call hodlers, dummies.
I am thinking now. If you never sell , you never profit and others are cashing out with no greater fools to buy from them.
Game Over!

FYI2:
Burst Market Bubbles can take 22 years to recover price, how many here might not even live that long.
Worst part is, all those screaming hodl are most likely selling their full stash, while tricking others into being dummies that hodl..
You don't see a sell off like this without the majority selling out.

This is why you should of took the chance and sold at $13.8K back in June or for $10K+ plus anytime in the last 2 months. You can't predict the top and its not smart becoming bearish all of a sudden when we got a nasty -15% day.

Right now I am neutral and I am waiting for the weekly close. The amount of selling pressure was immense and its mostly due to the over-leveraged longs where we had over $700 million worth liquidated today. Going from an open interest of $1 billion before the drop, it seems that most longs were stopped out or margin called today. Hence why the drop was so steep. We will see how the rest of the week will look.

[Polo7]

Dude , it is more of a Bear shitting in the woods.

He is talking of the bull run but right now we are like in the bearish period. Situations like the bitcoin auction - https://thenextweb.com/hardfork/2019/09/23/uk-bitcoin-auction-seized-criminal-cryptocurrency-wilsons/, will also decrease the btc price in the coming days. But of course, I still do believe in btc, it will rise again in the coming months. Be positive!  

I am positive, positive the price for all cryto is crashing to lows for decades to come.  

The Bubble is burst, hold to $zero if you like, but not a smart play.

FYI:
At what price do we call hodlers, dummies.
I am thinking now. If you never sell , you never profit and others are cashing out with no greater fools to buy from them.
Game Over!

FYI2:
Burst Market Bubbles can take 22 years to recover price, how many here might not even live that long.
Worst part is, all those screaming hodl are most likely selling their full stash, while tricking others into being dummies that hodl..
You don't see a sell off like this without the majority selling out.

Well said! 

I agree with you! 

[Polo7]

Other point id like to add is that:

When You Want to make People to buy Bitcoin with 10k Easy, just Tell them the Bitcoin will Go to 100k. 🤔😀😀



We need to Wait When stable coins are minted then we know the Bitcoin creators and owners will Want to Bitcoin price Go Up.


The only way to survive in this business is to swim together with whales!

[Herbert2020]

If the usdt minted usdt to buy bitcoins Everybody was confident its a bull run but it was bull trap!

the only problem is that nobody ever uses tether to buy bitcoin, the creators of that centralized shitcoin create it and inject it into the altcoin market and the altcoin bag holders buy it in stead of their shitcoins to try and escape their dump. that is why all the altcoin exchanges have it listed and that is why people have been doing so much arbitrage lately...

[danherbias07]

I am positive, positive the price for all cryto is crashing to lows for decades to come.  

The Bubble is burst, hold to $zero if you like, but not a smart play.

FYI:
At what price do we call hodlers, dummies.
I am thinking now. If you never sell , you never profit and others are cashing out with no greater fools to buy from them.
Game Over!

FYI2:
Burst Market Bubbles can take 22 years to recover price, how many here might not even live that long.
Worst part is, all those screaming hodl are most likely selling their full stash, while tricking others into being dummies that hodl..
You don't see a sell off like this without the majority selling out.

This is the reason why you are seeing a bear market.
Even the FUD is crawling in here.
You cannot stop it. But are you strong enough to take it or ride with its wave.
Sure there is no profit in selling but remember, this price wont stay at that without the hodlers.
Just be thankful for them and you can make large profits out of it.

[btc78]

And big  % of Bitcoin hodlers Don't sell or buy.
So That's the reason price is quite stable around 9-10k.

Because Bitcoin supporters and investors tend to Longterm Holdings that’s why stabilize market sometimes happen but don’t forget that whales are manipulating the prices(as much as they can) so movements of value also rely on their actions

Other point id like to add is that:

When You Want to make People to buy Bitcoin with 10k Easy, just Tell them the Bitcoin will Go to 100k. 🤔😀😀

People here now are not that stupid to believe in hearsay,because crypto investors are more mature now and doing their own search

We need to Wait When stable coins are minted then we know the Bitcoin creators and owners will Want to Bitcoin price Go Up.


The only way to survive in this business is to swim together with whales!

Lol who’s creator and owner?Satoshi has nothing to do with the price anymore don’t dig people from the grave ..everything about bitcoin is doing by the people around and not by Nakamoto anymore

[tokeweed]

I love how it's called the 'Bitcoin bull run' and the price just broke down.  Feels like what a typical 2014 Buttcoiner would do. 

[The Sceptical Chymist]

I love how it's called the 'Bitcoin bull run' and the price just broke down.  Feels like what a typical 2014 Buttcoiner would do. 

Yeah, this is quite a dip--and I'm pretty much used to bitcoin's volatility.  On the other hand, I still think the overall sentiment is bullish and that we'll rebound eventually.  There was always a question in my mind whether bitcoin would break out of the $10k-ish range to the upside or downward.  I figured it would be up, but I got that one wrong.

But hey, I see it as a buying opportunity, as in "bitcoin is on SALE!!".  I must admit, that Google quantum computing thing had me spooked, although I don't pretend to understand it.  Something like that (or a worldwide governmental ban) is the only thing that could make bitcoin plunge to $0.  It's nowhere near $0 right now, though.  In fact it's much higher than it was for most of last year, so I'm not complaining.

[bittraffic]

The wait is going to take years and years for another bullrun to happen so if that is the case, those who had hold bags are going to be screwed for years. My suggestion to whoever did bag and left trading would be to just keep your coins, you don't have to do anything then but go on with your lives and come back by the next years to see how much had it grown.

[Polo7]

I love how it's called the 'Bitcoin bull run' and the price just broke down.  Feels like what a typical 2014 Buttcoiner would do. 

For me the bull run will look like Every day the price will Go Up!

That's called bull run! 

[serjent05]

I love how it's called the 'Bitcoin bull run' and the price just broke down.  Feels like what a typical 2014 Buttcoiner would do. 

Yeah, this is quite a dip--and I'm pretty much used to bitcoin's volatility.  On the other hand, I still think the overall sentiment is bullish and that we'll rebound eventually.  There was always a question in my mind whether bitcoin would break out of the $10k-ish range to the upside or downward.  I figured it would be up, but I got that one wrong.

Lots of the same event happen to Bitcoin even at its bull run on 2016-2017, so I agree with you about the market sentiment, and how many times  had we seen this kind of dip this year?  So it seems this kind of things is normal in a bullish sentiment market.

But hey, I see it as a buying opportunity, as in "bitcoin is on SALE!!".  I must admit, that Google quantum computing thing had me spooked, although I don't pretend to understand it.  Something like that (or a worldwide governmental ban) is the only thing that could make bitcoin plunge to $0.  It's nowhere near $0 right now, though.  In fact it's much higher than it was for most of last year, so I'm not complaining.

Same here, imagine how Bitcoin started this year, so all in all we are still at more than 200% price growth this moment.