Japinat
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December 14, 2020, 12:34:53 PM |
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People are really mistaking "massive" and "correction" and that is really funny to me.
You are correct but that how people think here, at least some of them. The thing is, they try to exaggerate everything, when the price rise, they hype it, and when they price fall they try to stir panic to people that's why our market is very volatile, and that is cause by investors coming in with lack of knowledge and experience on how crypto market moves.
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KTChampions
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December 14, 2020, 02:23:47 PM |
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People are really mistaking "massive" and "correction" and that is really funny to me.
You are correct but that how people think here, at least some of them. The thing is, they try to exaggerate everything, when the price rise, they hype it, and when they price fall they try to stir panic to people that's why our market is very volatile, and that is cause by investors coming in with lack of knowledge and experience on how crypto market moves. Many people forget to check relative numbers. Now a $ 1,000 move is just a 5% fluctuation - common and one might say insignificant for such a high-volatility asset as bitcoin. But people still remember the times when bitcoin could be bought for $ 1000, so for them such movements are still significant.
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newdevices
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December 14, 2020, 09:48:47 PM |
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Bitcoin price is still stuck on strong support, currently there is still no sign that Bitcoin will experience a massive dump, but we have to prepare for this scenario before it comes, I myself still hope $ 20k is reached.
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CapGelatik
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December 15, 2020, 02:19:50 PM |
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People are really mistaking "massive" and "correction" and that is really funny to me.
You are correct but that how people think here, at least some of them. The thing is, they try to exaggerate everything, when the price rise, they hype it, and when they price fall they try to stir panic to people that's why our market is very volatile, and that is cause by investors coming in with lack of knowledge and experience on how crypto market moves. Many people forget to check relative numbers. Now a $ 1,000 move is just a 5% fluctuation - common and one might say insignificant for such a high-volatility asset as bitcoin. But people still remember the times when bitcoin could be bought for $ 1000, so for them such movements are still significant. because the expensive Bitcoin price makes the increase and decrease of $ 1000 only have small fluctuations, of course this makes people think that the volatility in bitcoin is very high, even though 5% is still reasonable, and it happened because of a correction a few days ago.
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Japinat
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December 17, 2020, 11:21:25 AM |
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People are really mistaking "massive" and "correction" and that is really funny to me.
You are correct but that how people think here, at least some of them. The thing is, they try to exaggerate everything, when the price rise, they hype it, and when they price fall they try to stir panic to people that's why our market is very volatile, and that is cause by investors coming in with lack of knowledge and experience on how crypto market moves. Many people forget to check relative numbers. Now a $ 1,000 move is just a 5% fluctuation - common and one might say insignificant for such a high-volatility asset as bitcoin. But people still remember the times when bitcoin could be bought for $ 1000, so for them such movements are still significant. I think it will not anymore come, we have past that situation already, unless the market will underdog a big correction and panic will happen all around. Bitcoin will live and will continue to prosper, so anything that is cause by a panic is considered an opportunity as definitely we will see a dip of price.
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btc78
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December 17, 2020, 01:23:16 PM |
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As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.
I don't wanna talk about dumping now mate because after the Bull last November Market down fall starts and bring Bitcoin price to lowering up down to 15k again. And now that we are having a great time as the New ATH is being Design,let us not pause for dumping talks instead look for what will be the Recorded ATH from this point onwards the end of year or even in the next year. But DUmp?this will happen but not Bad as what 2018 brings that's one thing for sure.
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Question123
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December 17, 2020, 04:49:12 PM |
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They have possibility that the price of the bitcoin will collapse or massive dump if the most of the people are start selling their coins which is cost a negative impact to the bitcoin price.
In 2018 the massive big dump happen to that year and I hope in the year 2021 it will not happen of what happened in the bitcoin which is dumping because the year 2021 is the rising again of the cryptocurrency.
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KTChampions
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December 17, 2020, 08:49:49 PM |
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Many people forget to check relative numbers. Now a $ 1,000 move is just a 5% fluctuation - common and one might say insignificant for such a high-volatility asset as bitcoin. But people still remember the times when bitcoin could be bought for $ 1000, so for them such movements are still significant.
because the expensive Bitcoin price makes the increase and decrease of $ 1000 only have small fluctuations, of course this makes people think that the volatility in bitcoin is very high, even though 5% is still reasonable, and it happened because of a correction a few days ago. There is another point that should be taken into account - this is the media. In fact, they don't give a damn about the essence of the news, they are only interested in giving out hot news. Therefore, instead of the usual message "today bitcoin rose/fell by 3 percent" they write "sensation! A sharp increase/decrease in the price of bitcoin by $ 1000!"
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sapnu
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December 19, 2020, 03:35:18 PM |
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They have possibility that the price of the bitcoin will collapse or massive dump if the most of the people are start selling their coins which is cost a negative impact to the bitcoin price.
In 2018 the massive big dump happen to that year and I hope in the year 2021 it will not happen of what happened in the bitcoin which is dumping because the year 2021 is the rising again of the cryptocurrency.
We cannot actually predict when it will happen since BTC is volatile in terms of the value itself. As of now, the price of bitcoin slowly rising up and we are hoping that it will reach $25k before the year ends. It is possible to happen since the price already reached $22k, which is near to happen. Maybe that can happen just like what you said if there are lots of people who are holding lots of bitcoin already sell it, especially those whales, it can give a lot of impact on the price of bitcoin.
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exstasie
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December 19, 2020, 08:01:30 PM |
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Once everyone has finally given up on the possibility of a crash, once all the bears have bought back and all the bulls have gone long...... that's when the crash will come.The higher time frames are showing dollar volume extremes bigger than in June 2019, the highest since December 2017. Meanwhile, lower time frames like the 4-hour are showing potential bearish momentum and volume divergence. And swap funding rates on Binance and Bitmex have been at 0.05-0.1% the last few days, quite greedy. Shorts on Bitfinex are at their lowest levels since 2016 too. We're getting there. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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exstasie
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December 20, 2020, 09:51:17 PM |
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Are you sure it's smart money?
“B-waves are phonies. They are sucker plays, bull traps, speculators’ paradise, orgies of odd-lotter mentality or expressions of dumb institutional complacency"
Just a possibility...
Maybe, but I wouldn't bet on it. This looks impulsive to me. I also think Bitcoin's underlying supply dynamics make the Wave B bull trap unlikely. Too many coins are transparently being accumulated by institutions and services like Square, and on-chain metrics show old coins are being distributed. https://insights.glassnode.com/long-term-holders-selling-btc-bullish-signal/The context is extremely bullish.
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LUCKMCFLY
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December 20, 2020, 10:00:52 PM |
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As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.
I think not, because the true bullish trend has not yet arrived, according to Wyckoff's theory as I have seen my analysis there is still a lot to come, many investors have bought at the prices of $ 20k, which means that they are not going to buy to earn little, they always buy low to sell high.
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Sled
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December 20, 2020, 10:13:54 PM |
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As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.
I think not, because the true bullish trend has not yet arrived, according to Wyckoff's theory as I have seen my analysis there is still a lot to come, many investors have bought at the prices of $ 20k, which means that they are not going to buy to earn little, they always buy low to sell high. So it means that these investors are seeing Bitcoin will grow from what it has today. I'm not supposed to believe these but that something we need to find out how these words will play in this volatile market coz I know how influential are they. $25k, $50k, and possibly $100k as many say's. Even though they are having such a statement, we are still being cautious in our actions because not all have come into reality.
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Hamphser
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December 20, 2020, 10:33:45 PM |
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As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.
I think not, because the true bullish trend has not yet arrived, according to Wyckoff's theory as I have seen my analysis there is still a lot to come, many investors have bought at the prices of $ 20k, which means that they are not going to buy to earn little, they always buy low to sell high. So it means that these investors are seeing Bitcoin will grow from what it has today. I'm not supposed to believe these but that something we need to find out how these words will play in this volatile market coz I know how influential are they. $25k, $50k, and possibly $100k as many say's. Even though they are having such a statement, we are still being cautious in our actions because not all have come into reality. We didn't eve expect for the price to reach out 24k and that's why we shouldn't really expect nor hope too much on what would happen in talks of future prices. Some did even hope or presume that price might cling up up to 300k to 1M which it isn't really realistic at all and I don't know on why the hell they do came out into these kind of speculation where it do turns out that they do look too much positivity towards bitcoin.It isn't bad though but it is stressful into your part when you do saw that the price isn't really going on that way.When it comes to dumps or corrections then it anytime can happen that's why you should be wise on when to take profits.
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pixie85
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December 20, 2020, 10:37:37 PM |
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As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.
I think not, because the true bullish trend has not yet arrived, according to Wyckoff's theory as I have seen my analysis there is still a lot to come, many investors have bought at the prices of $ 20k, which means that they are not going to buy to earn little, they always buy low to sell high. I see it just like you. We are in the beginning of the real bull run that gets straight up on the charts. The bull run when you wake up every single day and the price is higher. This is still a lazy bull run with a lot of selloffs. People are afraid every next level is going to be the end so they sell and buy back 2 days later because they see it doesn't want to go much lower. In a real bull run they're going to be euphoric and talking about the things they'll buy with all the profits. You need that euphoria first to have a depression later ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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STT
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December 20, 2020, 11:05:51 PM Last edit: June 12, 2023, 02:05:23 AM by STT |
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Bit of a sell into the Japanese main market open hours, back to support levels which could be taken positively. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2023%2F06%2F12%2FA101f.png&t=665&c=-ivxbUQnLh57kw) Any idea of massive sell requires multiple levels and continued failure to maintain momentum which hasnt really happened so far, when BTC faltered its recovered on the next open when new buyers come in willing to hold. If you are wanting the bigger sell then it really needs dollar strength which is not apparent. July first slipped away and started this ski slope down and money leaves dollar standard to alternate value holds and tradable assets such as BTC
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lunnatic
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December 20, 2020, 11:48:29 PM |
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Dumps can indeed occur in bitcoin, remember bitcoin has become famous for its volatility, so massive dumps can happen at any time, strategies, emotions, and analysis techniques must always be used, maybe the end of this year will be very volatile, you must always monitor it.
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bryant.coleman
Legendary
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December 21, 2020, 03:23:53 AM |
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I have been around for a while in the cryptocurrency sector. From what I have seen, the prices crash when we are least expecting it. And most of the time, these crashes occur when some of the governments take any anti-cryptocurrency measure. For example, the crash of 2013 December, and many others which followed it were attributed to Bitcoin trading ban from China. The same can happen once more, if a negative news comes out from China or any of the larger markets. And I have a feeling that this time either the IRS or the FinCen will be causing the crash, rather than China.
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Anonylz
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December 21, 2020, 07:31:29 AM |
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As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.
Well isn't this the one million dollar question everyone is eager to here the answer to ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) consider what happen back in 2017-18 i know every bitcoinist is anxious and waiting to see what will happen, like someone mentioned above, the bull run pattern of this year is very different from 2017 and not to mention btc have since then gain more recognition in the mainstream media than before, there are lot of big company names involve in btc now than what we have in previous bull run, the acceptance is more vast than what it use to be, so will be the price sustainability hopefully, thus in my opinion, there will be corrections but it may not be as serious as that of previous bull run.
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Japinat
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December 21, 2020, 12:18:44 PM |
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This 2019-2020 bull run is very different from the bull run we had in 2017. We are expecting a slight price correction before bitcoin hit its new ATH again and after that I don't think that events in 2017 will happen again where bitcoin will drop to $x,xxx mark again. It is safe to assume I think that bitcoin price will still be at $XX,XXX mark after this bull run.
That means not less than $10,000 because it's a 5(x)... If my assumption is correct then I agree with you, it will not drop below $10k even if the market will correct but I believe it will drop at least $20,000 then bitcoin will start to rise again.
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