BULL VS BEAR

[yulionoo]

yes, I agree with the news that the use or prohibition of bitcoin by large countries such as the United States and China could affect the price of bitcoin. because the two big countries have the biggest bitcoin traders and users. like a 30% increase in bitcoin yesterday. many link that yesterday's rise in bitcoin was the impact of China's president's statement about supporting the blockchain. bitcoin prices are influenced by demand and supply. and these requests and offers are greatly influenced by news. especially news from large countries related to bitcoin.

[Barbut]

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

I won't do that, converting my altcoins to Bitcoin is not an option. I already have Bitcoins, and I'm satisfied with the amount I have. People who don't have any Bitcoins, but they have altcoins should think about it, after all many people suggest that first investment in cryptocurrencies should be in Bitcoin, Ethereum then all others.
When we don't know what will happen next we need to guess and try to predict it, I believe in my choices!

[Oilacris]

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

I won't do that, converting my altcoins to Bitcoin is not an option. I already have Bitcoins, and I'm satisfied with the amount I have. People who don't have any Bitcoins, but they have altcoins should think about it, after all many people suggest that first investment in cryptocurrencies should be in Bitcoin, Ethereum then all others.
When we don't know what will happen next we need to guess and try to predict it, I believe in my choices!

Most important coin that should really be included into your portfolio is Bitcoin and top altcoins is just a next in line.There are still people who do heavily trust up

altcoins and neglecting btc into their ports which I do saw its not really good yet they are missing chances on holding up a good coin.Its a matter of decision
though since everyone of us do have different perspective and decisions towards on our investment matters.

[logicgate]

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

  The current market trend of bitcoin and predictions related to its prices are setting major goals for the buyers of bitcoin. Definitely there is a clear difference between altcoins potential and that of bitcoin. Nobody wants to make profits in chunks rather everybody wants to have bulks of profits and for that, one needs to have great collection of bitcoin. So if one wants to swap altcoins with bitcoin, he is saving himself from regret.

[BartS]

I think right now is the accumulation phase in crypto. The price is doing sideways while the price of altcoins are somehow increasing gradually. There isn't really much going if the whales are really manipulating the prices except them buying some altcoins which is why the prices aren't at all moving up. I say we are in the bullish and a break out soon will prove this statement.

We will have to see what happens, it seems there is a positive sentiment in the market and while this is positive it also makes me anxious since the whales are experts at manipulating us and this could be nothing more but another of their manipulations.

I really hope the price goes up and we see something similar to what happened 2 years ago but I cannot stop but feel unconvinced since 2 years seems too short of a time to see bitcoin challenging its ATH.

Why do you think that 2 years is too short for bitcoin to challenge the last ATH, bitcoin is a dramatic coin and it could bring up its bull run at any time. How would we have thought that bitcoin could challenge the bear market around April this year and got a massive increase to $13800?

So, if bitcoin can do that this year, then I don't see it finding it hard to reach the last ATH soon and even go far above it and the time that I see this happening is during the next halving if next year when miners will be rewarded, this has the tendency of also causing a FOMO buy and which we know the effect of that. We have to watch out for next year and do everything possible to prepare fully for the next year bull run by investing in bitcoin now that we still have the chance.

If for you that makes sense then that is cool to me it does not, we need to think about what happened, many want something similar to what happened in 2017 to happen again but have you stopped to think about all of those that lost everything?

They were not a minority and they are not going to forget about what happened and many of those that did not joined the market but that have been watching it are not going to forget either, the growth that happened in 2017 was not only because of the halving as many speculate it was because of segwit and until we have a development as big I do not see bitcoin breaking its ATH.

[freedomgo]

And more reason to convert our altcoins to bitcoin while its still in uptrend.

This one I would not do because my altcoins is almost worthless right now and I believe only when altcoins season arrive I will see a chance for my altcoins to grow. When bitcoin is bullish, definitely it will result to a positive effect in the market, and the result would be bullish for altcoins also, but we don't know when exactly it would effect on altcoins but based on the previous trends it happened when BTC is about to achieve a new ATH, so let's wait for that.

[serjent05]

And more reason to convert our altcoins to bitcoin while its still in uptrend.

This one I would not do because my altcoins is almost worthless right now and I believe only when altcoins season arrive I will see a chance for my altcoins to grow. When bitcoin is bullish, definitely it will result to a positive effect in the market, and the result would be bullish for altcoins also, but we don't know when exactly it would effect on altcoins but based on the previous trends it happened when BTC is about to achieve a new ATH, so let's wait for that.

I agree with you on that.  Converting altcoins to Bitcoin now will only create a severe loss of funds for us especially when we bought that altcoins in higher prices.  We should have patience until those altcoins that we are holding increase in a price where we can get a decent profit before converting it to BTC.


Looking at the tradingview today, it was stated that  Bitcoin had broken a triangle and started to fall.



https://www.tradingview.com/chart/BTCUSD/7Rjc6Szo-BITCOIN-price-made-breakout-of-Triangle-and-started-to-fall/

Though I believe, this is just a consolidation stage in preparation for the possible uptrend before the halving.

The BTC price is directly dependent on the decisions of the governments of large countries regarding the circulation and use of virtual money. The emergence of prohibitions, taxes or fines for miners has a negative impact on the exchange rate of Bitcoin. This is especially noticeable when it comes to large market players, such as China or the United States.

the current movement of Bitcoin somehow conflict with the above statement.  There is a good news coming from China and yet Bitcoin, instead of the price going up ended with the price going down.  I still believe that the manipulation of whales are still stronger than any news or update coming from any government.  It is that whenever whales wanted to set a phase and news favors their plan, then they will use it as a reason else, news will have no effect if it is against this few Bitcoin whales plan.

[slaman29]

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

Nobody asks anyone to preidict the market, or at least nobody expects that those predictions would come true. But we ourselves have taken that expectation and put it on ourselves.

Why make that burden? Doing as you say and converting to bitcoin is still an expectation. But if you have a change of mindset. That you put in what you can afford to lose. No expectations:)

[Kasabus]

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

Nobody asks anyone to preidict the market, or at least nobody expects that those predictions would come true. But we ourselves have taken that expectation and put it on ourselves.

Why make that burden? Doing as you say and converting to bitcoin is still an expectation. But if you have a change of mindset. That you put in what you can afford to lose. No expectations:)

Once you converted your altcoins to btc and you will see the altcoins rally, you might regret your decision.
Why? because altcoins will likely to be more profitable in a short period of time compared to btc because its been undervalued until now so eventually it will also result to a big pump, and take note, when there's a FOMO we might see and experience what happened last 2017's bull run.

[Kemarit]

We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.

And more reason to convert our altcoins to bitcoin while its still in uptrend.

Nobody asks anyone to preidict the market, or at least nobody expects that those predictions would come true. But we ourselves have taken that expectation and put it on ourselves.

Why make that burden? Doing as you say and converting to bitcoin is still an expectation. But if you have a change of mindset. That you put in what you can afford to lose. No expectations:)

Once you converted your altcoins to btc and you will see the altcoins rally, you might regret your decision.
Why? because altcoins will likely to be more profitable in a short period of time compared to btc because its been undervalued until now so eventually it will also result to a big pump, and take note, when there's a FOMO we might see and experience what happened last 2017's bull run.

Nah, I would still prefer my Bitcoin over any other altcoin in the market today, yes they're profitable short to midterm and could rally but I can go and live with that and not regret my decisions. We all know the problem with altcoins, they're going to be pump so hard that you think the rise will continue long term. But when the price suddenly goes into the opposite direction, you might also regret the decision of not selling it at the right time and taking the profits. So Bitcoin all the way, specially if you have that mindset to be a long term holder, just saying.

[BartS]

Once you converted your altcoins to btc and you will see the altcoins rally, you might regret your decision.
Why? because altcoins will likely to be more profitable in a short period of time compared to btc because its been undervalued until now so eventually it will also result to a big pump, and take note, when there's a FOMO we might see and experience what happened last 2017's bull run.

Each person can take the decision about what to do with his coins, there are many that regardless of the performance of altcoins they will not sell their bitcoin for anything and I find their posture to be respectable.

In my case I do not have a problem on selling my bitcoin to get altcoins if I believe altcoins will begin to perform better than bitcoin but I do not see this so I prefer to keep holding my bitcoin and wait until the market is more clear about the direction it will take.