Bitcoin Bottom Has Passed, Delphi Digital Says

[momchilandonov]

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

[blckhawk]

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

I also foresee things coming together as early as now, and there's no sign of a bearish market. There are quite a lot of positive news that's coming to Bitcoin, or cryptocurrency in general. There's the news about Starbucks opening support to crypto through Bakkt, and the nearing halving of bitcoin generation that would impact the supply, and given the continuous or much more demand, would make the prices soar.

[Flor1982]

Hopefully it will as the bitcoin price is now at over $9,000 per bitcoin after dropping to lows of almost $7,000 last October. There were also lot of progress and development in favor of Bitcoin like the comments made by China's president President Xi Jinping that the country should "seize the opportunity" of bitcoin's blockchain technology so i think that this is enough to make the price of Bitcoin to become stable because i believe that the Chinese could really influence the market movement too.

[error08]

Obviously, the bottom was $3000, bitcoin price increase more than 200% to date.
The bear market lasts one year after bitcoin reaches the peak and has entered the bull market which could last 2 years according to the market cycles.

[ecnalubma]

I hope they were right but current price around $9,201 still vulnerable to drop below $8k to $7k level again hopefully its the end of stable level. Past news are pretty bullish also except for some perma bear economists still hoping Bitcoin to drop more.

[Wexnident]

Qell, I hope so. The current stable 9k$ price was really quite a relief to see when the sudden pump happened. I honestly thought it would do a bearish run instead of the current today. I can accept a drop to 8k but I hope it doesn't go any lower now. I believe its a part of the expectations with halving and that is holding the BTC at its current price. It's pretty much just waiting for something explosive to happen before another push comes

[leea-1334]

This is most welcome, to see volume boost, but it is still too low to have anything taken seriously, especially in the range of 9k to 10k, why things move so quickly there as we saw last week instant almost move to 10300, is because almost no orders in the range.

I would not say market bottom is behind. We still needed to see longer stays in the deep 6000.

[Yaunfitda]

The last bottom we have is $3200, so obviously looking at the current price, it seems what we are out of that range. But knowing crypto, we still don't know what's going to happen. Remember last year, when the price of bitcoin is trading around $6k-$65xx, then all of a suddenly the months of Nov-Dec was one of the worst for us as the price continue to plummet and bottoming at $3k.

So let's see how it goes, all we can do is what and hope that we won't reach that lowest low prior to the block halvening.

[daarul50]

seriously? that random site again as your source?

This is most welcome, to see volume boost, but it is still too low to have anything taken seriously, especially in the range of 9k to 10k, why things move so quickly there as we saw last week instant almost move to 10300, is because almost no orders in the range.

I would not say market bottom is behind. We still needed to see longer stays in the deep 6000.

we will go nowhere but in the range $7000 to $8500 , even when a lot of media building an opinion feel like the bullish run is formed for the next few months heading to $15000 even over $20000 at the halving 2020 later.
that is the most popular speculation around the circle lately.
i am pretty sure everytime people think that it is bullish , those whales is ready to move trying to make money out of it by playing the trading game against the trend which of course the reality is instead move up to $20k , it moving down to the unexpected bottom level . just like in the early 2019 people expecting too high wanted the price to surge to over $10000 but it moved towards the lowest level at $5k. think about it.

[Herbert2020]

i don't honestly see any significance in this article nor in the person they are quoting. it is the classic move by newbies who want to pretend in predicting bitcoin price make. they jump into things as soon as there is a small change. a week ago the same people were saying price is going to continue falling until next year!
the fact is that price has still not broken the major resistance at $10k to go above that and remain there. and although i don't expect any more big drops but they are still possible until we go above $10k and start the actual rise not the correction of an unrealistic drop.

[Questat]

Whoever said that, even the most popular personality in crypto, I still won't believe it's guaranteed.
The point is once the market is unpredictable, it will remain unpredictable and therefore we might see another bottom before it pump or we will just see a one sided pump, we really don't know, what I do is I just believe and remain optimistic that time will come that BTC will have a new ATH again.

[Wysi]

Whoever said that, even the most popular personality in crypto, I still won't believe it's guaranteed.
The point is once the market is unpredictable, it will remain unpredictable and therefore we might see another bottom before it pump or we will just see a one sided pump, we really don't know, what I do is I just believe and remain optimistic that time will come that BTC will have a new ATH again.

Even I don't belive in any speculation even though it feels good to see so many positive posts about Bitcoin's bull run from the same users who were whinning about bitcoin couple of months ago but the bottom line remains the same as once unpredictable will always remain unpredictable.  It's better to go with the flow and make the right moves as per pump or dump rather than making decisions based on predictions and posts from people who have same knowledge about bitcoin as we do.

[Getmon]

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

I cannot count with my hands the times I have read this kind of news. Bitcoin has bottomed out. Bitcoin has reached the bottom. Market has left the bottom. And in a few days later, the price is falling once again. This news is just another initiative to spread good vibes in the market hoping that it will cause a little FOMO in the biggest number of people possible. I think the bottom is always one step away with the unpredictability of cryptocurrency.

[gentlemand]

I think the bottom is always one step away with the unpredictability of cryptocurrency.

There has to be one at some point, and the people who insist it's yet to come are the ones who get left behind. No one knows it's the bottom until long after it's been and gone. I presume there are plenty of 'hyperwave' tossers who are still sitting around waiting for $1000 and will be for the rest of their lives.

[Lucius]

I presume there are plenty of 'hyperwave' tossers who are still sitting around waiting for $1000 and will be for the rest of their lives.

I know some people who want to invest in Bitcoin but they are constantly waiting for a good opportunity, maybe not $1000, but something close to that number. No one can say for certain that the price will not go below $5000 again, and what I say to such people is that it is possible, their money, they decisions.

It a very tricky to speculate about bottom/s, especially at times like these, when the price can drop by 20% in one day or go up by 40%. The title may be misleading, even in article author say that we should not expect "a permanent recovery of sentiment".

[gentlemand]

I know some people who want to invest in Bitcoin but they are constantly waiting for a good opportunity, maybe not $1000, but something close to that number. No one can say for certain that the price will not go below $5000 again, and what I say to such people is that it is possible, their money, they decisions.

I mentioned to pal of mine that he should think about getting some BTC at $250 in 2015. He said he'd wait. He finally called me up in 2017 looking to buy $3 XRP. 

The mindlessness of people never fails to boggle my mind.

[Lucius]

It is easy to be smart now, but I also buy BTC during 2015 and trade them for some small profit. I am quite sure that it will never happen again that I can buy 5BTC for $1000, and then sell them for some $1100. What kept repeating in those years is that everything under $1000 is cheap, almost as a gift, which completely came true.

Today I share the opinion of many people that everything under $10 000 is cheap coins, no matter how lucky we are to buy at some dip. In the long run there are only two options, 1BTC will be worth a fortune ($100k+) or it won't be worth anything.

[BrewMaster]

this dude is now nearly a whole year too late to talk about the "bottom"! lol.
price continued falling for an entire year during 2018 and then it reached the bottom. then price went even lower and reached the final stage at $3100 on December 2018. now after 11-12 months this dude is stating that the "bottom has passed". no shit, price has been on the rise for nearly the entire 2019 now and we are $6000 above that bottom or in other words price has gone up nearly 200% from the bottom.
i don't know where the news sites find these people...

[Quidat]

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.

https://bitcoinist.com/bitcoin-bottom-has-passed-delphi-digital-says/

Common words that we do commonly see when theres a price pump where either these personalities/companies/groups do tell
that the bottom price had already passed but when the price tends to pullback even more lower on what they are talking then
these fellas becomes silent. Price is always been volatile since and theres no such thing about bottom because anytime Bitcoin
can break out anyones hopes and analysis that been made.

[figmentofmyass]

I know some people who want to invest in Bitcoin but they are constantly waiting for a good opportunity, maybe not $1000, but something close to that number. No one can say for certain that the price will not go below $5000 again, and what I say to such people is that it is possible, their money, they decisions.

the funny thing is, these types of people never actually buy anyway. when price is going up, they're always waiting for a dip. when price is going down, they're too scared to buy.

i don't waste any breath anymore. some people just aren't cut out for speculation.