Bitcoin is doing Pump & Dump before the US Election results are finalized

[barbara44]

If there is any downside it won't be anytime soon, there was a HUGE try for a sell push by the short future holders and there was a lot of sellers, we went under 15k and there was nearly a 5%+ fall, yet all of that was recovered in few hours back to over 15k once again. This is why I do not think that we are going to see any fall anytime soon, we are definitely going to see more big increases coming soon, not only because I think it could go up but because I believe there is no more sellers that believe price will fall.

When you convince sellers not to sell because price won't go down, you are handling something very important, that is at least half of the situation if not more, only thing left would be convincing buyers to buy because it will go up and that is already here anyway.

[STT]

Surprise to the downside is not anything I've heard or read elsewhere, hence the surprise part I guess however I did just hear a bearish take just now.   Obviously theres always a full scale of probabilities and we're all aware of the bias and the current news is basically known/resolved at this point within the price.

So heres a quote mentioning $5,800 on possible downside https://youtu.be/YWcyiWY022o?t=6302
Somebody I've followed for years and trades all markets etc.  or I'd not post it especially

13800 break to 9400 support leading to possible 5800 though improbable.   I only caught the end of the vid just now but I'll go back and watch the long form, thought I'd post on the one bearish thread still standing for your benefit before I lose the link.


Im not negative on BTC overall but I do believe volatility is out of control and not attributable to any one factor at this point or especially reversible by alteration of political heads or whatever, we will have sharp turns and as a trade I'd like to realise or at least avoid being the wrong side of it if feasible.

[Wind_FURY]

Surprise to the downside is not anything I've heard or read elsewhere, hence the surprise part I guess however I did just hear a bearish take just now.   Obviously theres always a full scale of probabilities and we're all aware of the bias and the current news is basically known/resolved at this point within the price.

So heres a quote mentioning $5,800 on possible downside https://youtu.be/YWcyiWY022o?t=6302
Somebody I've followed for years and trades all markets etc.  or I'd not post it especially

13800 break to 9400 support leading to possible 5800 though improbable.   I only caught the end of the vid just now but I'll go back and watch the long form, thought I'd post on the one bearish thread still standing for your benefit before I lose the link.


Im not negative on BTC overall but I do believe volatility is out of control and not attributable to any one factor at this point or especially reversible by alteration of political heads or whatever, we will have sharp turns and as a trade I'd like to realise or at least avoid being the wrong side of it if feasible.

That would make a nice Christmas present. Let's hope your guide is right. Looking where Bitcoin is priced now, I regret not being more reckless when it was priced at $5,800 mere months ago.

[arwin100]

Surprise to the downside is not anything I've heard or read elsewhere, hence the surprise part I guess however I did just hear a bearish take just now.   Obviously theres always a full scale of probabilities and we're all aware of the bias and the current news is basically known/resolved at this point within the price.

So heres a quote mentioning $5,800 on possible downside https://youtu.be/YWcyiWY022o?t=6302
Somebody I've followed for years and trades all markets etc.  or I'd not post it especially

13800 break to 9400 support leading to possible 5800 though improbable.   I only caught the end of the vid just now but I'll go back and watch the long form, thought I'd post on the one bearish thread still standing for your benefit before I lose the link.


Im not negative on BTC overall but I do believe volatility is out of control and not attributable to any one factor at this point or especially reversible by alteration of political heads or whatever, we will have sharp turns and as a trade I'd like to realise or at least avoid being the wrong side of it if feasible.

That would make a nice Christmas present. Let's hope your guide is right. Looking where Bitcoin is priced now, I regret not being more reckless when it was priced at $5,800 mere months ago.

Who would know that we will come unto this current situation? if many would know the future for sure many of us bought when the price got more cheaper but as always the human mindset which been afraid for some  certain short comes on the market make us worried that's why we doubt to buy when the market is bargaining some coins. But we can still react and buy at this price  since there are still  chance that we can earn.

[shoreno]

---'--

That would make a nice Christmas present. Let's hope your guide is right. Looking where Bitcoin is priced now, I regret not being more reckless when it was priced at $5,800 mere months ago.

decline in the price as an xmas present ? thats something that i dont want to happen  . my buying ability is not working anymore . i hope the guide of the op wasnt accurate because itl be a bad xmas present for me if that happens . you have bought some and you can still sold them for profit when btc reach another thousand dollar again .

i never see btc dump that much during the election period but it only rise and now that elections are over its price fluctions are also over . this is not bad for me . i hope it can sustain this stability till the year end or better if it can add some

[slapper]

No no. The US election only has a minimum impact on the price of bitcoin. I doubt that people buy their bitcoin cause of the fight between two old men. However, a correction is needed in order to make the price of bitcoin to go even higher. Margin traders should be careful if they want to make a long position.

Many investors see bitcoin as a safe haven and thats why they have put a lot of money in bitcoin. Such as a company called Grayscale. They are holding more thab 400000 bitcoin at the moment. I do not know whether they have sold it or not. If they do, there must be news about a significant amount of bitcoin is sold off rapidly on a popular media

[Slow death]

If you hold BTC - best if you convert it to Tether (USDT) now and HODL coz BTC is going to dive so deep into the $9k territory once the US Election results are clear.

all people are interested in knowing why the price has risen so much, i've seen some theories besides that of the election, for example it could be that the increase in coronavirus cases in the world is at the root of this increase because after they announced about the effectiveness of the vaccine from Pfizer the price dropped a lot, but that may also have been coincidence of how the price was trying to break an important support. in any case I wouldn't be surprised if this increase was linked to the recent increase in coronavirus cases worldwide because people in the crypto world may think things like: "everyone will be afraid of fiat because fiat is a risk in pandemic time then they will resort to bitcoin "

[stomachgrowls]

No no. The US election only has a minimum impact on the price of bitcoin. I doubt that people buy their bitcoin cause of the fight between two old men. However, a correction is needed in order to make the price of bitcoin to go even higher. Margin traders should be careful if they want to make a long position.

Many investors see bitcoin as a safe haven and thats why they have put a lot of money in bitcoin. Such as a company called Grayscale. They are holding more thab 400000 bitcoin at the moment. I do not know whether they have sold it or not. If they do, there must be news about a significant amount of bitcoin is sold off rapidly on a popular media

Selling off?

We would really be heading there and for sure people would create another reason for such price decrease or correction without even looking in the past on how many coins had been owned by several companies at the moment.
People are really fan on making some connections towards external events with the market price.Take a look on where the election results are finalized but still we are playing around in 15k price.

Doesnt show any signs of some breakouts soon but im anticipating that there would be a correction on upcoming days or weeks.For those who had bought earlier then they are just waiting
for the right time and timing to sell.

We would eventually notice it when the price had plummet down. hehe.

[btc_angela]

If you hold BTC - best if you convert it to Tether (USDT) now and HODL coz BTC is going to dive so deep into the $9k territory once the US Election results are clear.

all people are interested in knowing why the price has risen so much, i've seen some theories besides that of the election, for example it could be that the increase in coronavirus cases in the world is at the root of this increase because after they announced about the effectiveness of the vaccine from Pfizer the price dropped a lot, but that may also have been coincidence of how the price was trying to break an important support. in any case I wouldn't be surprised if this increase was linked to the recent increase in coronavirus cases worldwide because people in the crypto world may think things like: "everyone will be afraid of fiat because fiat is a risk in pandemic time then they will resort to bitcoin "

I don't think the pandemic case will be enough to fuel this rally to $16k, there could be underlying causes, of just pure manipulation from behind. But we heard that Biden is already the next president and then we have the correction, and yet the price is still above $15k, which make me think that bulls are really pushing the price despite Biden winning or the Pfizer's vaccine effectiveness.

[Raflesia]

I don't think the pandemic case will be enough to fuel this rally to $16k, there could be underlying causes, of just pure manipulation from behind. But we heard that Biden is already the next president and then we have the correction, and yet the price is still above $15k, which make me think that bulls are really pushing the price despite Biden winning or the Pfizer's vaccine effectiveness.

We will know how Biden has occupied the presidency and there is still 2 months to go so there is still correction for us to assess the bitcoin price of $ 16k for me quite easily this month if the bullrun really occurs I see the market moving so fast with green what This means that the leadership of Biden will affect cryptocurrency?

The pandemic does not make bitcoin obstacles continue to show so that it will not be shaken even if it collides with several other world economies we have confidence that this will take longer.

[Wind_FURY]

---'--

That would make a nice Christmas present. Let's hope your guide is right. Looking where Bitcoin is priced now, I regret not being more reckless when it was priced at $5,800 mere months ago.

decline in the price as an xmas present ? thats something that i dont want to happen  . my buying ability is not working anymore . i hope the guide of the op wasnt accurate because itl be a bad xmas present for me if that happens . you have bought some and you can still sold them for profit when btc reach another thousand dollar again .

i never see btc dump that much during the election period but it only rise and now that elections are over its price fluctions are also over . this is not bad for me . i hope it can sustain this stability till the year end or better if it can add some

Given the golden opportunity to buy Bitcoin again priced at $5,800, and to watch it surge to a 6-digit valuation by end of 2021 would not be a Christmas present?

[Karartma1]

I don't think this is a P&D before the US Election results will be confirmed. Nonetheless, if that would be the case, I would welcome a nice price drop only to buy more as others have thought. We will not have many more opportunities to buy at lower prices in the future, so any price drop can be used to accumulate more. That's what I did in March for example when I was able to buy BTC at $5240.

[qualitywork]

I don't think this is a P&D before the US Election results will be confirmed. Nonetheless, if that would be the case, I would welcome a nice price drop only to buy more as others have thought. We will not have many more opportunities to buy at lower prices in the future, so any price drop can be used to accumulate more. That's what I did in March for example when I was able to buy BTC at $5240.

You made a good move as it has already provided approximately 300% gained and now it's clear that market is good and it hasn't dumped post US election result wherein still many midlevel traders like myself are awaiting for a dump to stock up our portfolios. Unfortunately, it doesn't seems like the prices comedown anytime sooner. 

[Ridwan Fauzi]

And until now, bitcoin hasn't met a correction even if we see on lower time frame bitcoin has a signal to go up ans I just predict sooner we will make $16.000 as the strong support.

The election has passed by a few days ago and if I can see it gave a good impact for bitcoin price movement. As we all know, at the first day election come indeed the dollar index was up and bitcoin down slightly but after that bitcoin price just up and touch $16.000.

We can't predict well about bitcoin price, there will be a mistake and we have to chance quickly our mistake especially for those trader. If they just waiting and have no evalution when they got risk or profit I'm sure they will not stay in the long term as bitcoin trader.

[beerlover]

When hedge funds or companies like grayscale go into something, they only get out if they think they found another thing that they could profit from. You and I could go into bitcoin, buy it low, when it goes up we sell and take out our profit and that is all we care about, however when these companies get in, they get in with hundreds of millions of dollars so when they buy bitcoin that means they have to either hold it for a very long time or they could sell it when they find something better, if they sell it and have nothing else to do with the money they got, that money just sits inside a bank and doesn't do anything, why would they want that?

Hence at the end of the day they are not selling off all together, either few might if they find something better, or they all hold it for a very long time.

[ethereumhunter]

I don't mind seeing bitcoin is doing pump and dump before and after the US election because that is another opportunity for me and other people to buy low and sell high. I am sure that we can profit from the volatility, and I am sure that the price can jump high than before. And if the price can get down deep, that will be a good time to buy bitcoin to sell it once the price increases. I don't interest in the political news, so I think we have a good moment at that time. We will get another chance to buy low and sell high later, so prepare yourself.

[lifeOK]

I don't mind seeing bitcoin is doing pump and dump before and after the US election because that is another opportunity for me and other people to buy low and sell high. I am sure that we can profit from the volatility, and I am sure that the price can jump high than before. And if the price can get down deep, that will be a good time to buy bitcoin to sell it once the price increases. I don't interest in the political news, so I think we have a good moment at that time. We will get another chance to buy low and sell high later, so prepare yourself.

I don't see political news but I only see the opportunity! It’s extremely volatile. Just keep buying BTC on every ups and down, don’t worry about the price. Better idea is save a certain amount every day and buy dips in BTC with the money. However, It's totally our call, the market could be huge eventually!

[ethereumhunter]

I don't mind seeing bitcoin is doing pump and dump before and after the US election because that is another opportunity for me and other people to buy low and sell high. I am sure that we can profit from the volatility, and I am sure that the price can jump high than before. And if the price can get down deep, that will be a good time to buy bitcoin to sell it once the price increases. I don't interest in the political news, so I think we have a good moment at that time. We will get another chance to buy low and sell high later, so prepare yourself.

I don't see political news but I only see the opportunity! It’s extremely volatile. Just keep buying BTC on every ups and down, don’t worry about the price. Better idea is save a certain amount every day and buy dips in BTC with the money. However, It's totally our call, the market could be huge eventually!

I am sure many of us are searching for the opportunity to buy low and sell high. It is always a good idea to buy bitcoin every up and down because that can help you produce a profit, and if you can do many times, I am sure your profit will be bigger. However, not all traders will use the opportunity to buy bitcoin every up and down because of some trader worries about the flash dump that can happen anytime.

[arufox]

I am sure many of us are searching for the opportunity to buy low and sell high. It is always a good idea to buy bitcoin every up and down because that can help you produce a profit, and if you can do many times, I am sure your profit will be bigger. However, not all traders will use the opportunity to buy bitcoin every up and down because of some trader worries about the flash dump that can happen anytime.

Traders don't worry about flash dump, but most traders don't know about which one the lowest price, and which one the highest price. When Bitcoin reaches $30K+ Many people say this is a dangerous zone for buying because it already at the peak, But now?? So I think "Buy and Hold" will solve all problem

[sana54210]

Bitcoins have nothing to do with the political race. I am a long term speculator and I accept digital forms of money.
I've been included with it since 2013, it's absolutely impossible to bring it down its surviving since 2009.
You can not compel us to sell our bitcoins before November 7, we vastly improved when to purchase and when to sell.
Cryptographic forms of money are very different than some other cash and its for around the world. I don't believe there's any meddling in the US political race with bitcoin cost.

Many people think that one president or another could do something about crypto but in reality none of them really even cares about it.

The reality is that we are in a situation where we could make as much profit as we want and presidents will not care about it. Sure people like Janet Yallen or whatever her name is will try to make it sound like crypto is not a nice thing but while people made 5x profit in the past 8 months with bitcoin during a period government (both Trump and Biden) ignored the citizens to a large degree, that means bitcoin was actually more helpful towards people than governments ever was.

Eventually humanity will realize that no party is there to help you, not in USA, not in anywhere in the world that any political party you see is there to make themselves more powerful and that's it.