Botnake (OP)
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With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.
Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?
Share your thoughts and what's your basis, it will help everyone to decide.
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janggernaut
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July 27, 2021, 10:26:46 PM |
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Likely will bullish. On tommorrow, there is also announcement from SEC regarding BTC ETF got approved or not, while they have postponed that few times before, then tommorrow they will likely give the answer, which if the answer is YES, we will be more bullish, if NO, well maybe we can back to $30k
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harizen
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July 27, 2021, 10:47:50 PM |
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Bullish all the way but not the type of person that will always expect it to happen of course.
Others should not consider bearish as a disadvantage nor a bad situation in crypto. During the bitcoin's peak, many hope that bitcoin price should at least pullback to a much cheaper price so they can re-enter. It's hard to imagine during that time that the bitcoin price will go back to where it is now.
But the problem is, even their hopes of bitcoin's pullback now happened, still undecided if they will make a re-entry or not. In the end, they will end up regretting again and the cycle just repeats.
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Baofeng
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July 27, 2021, 11:09:38 PM |
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I voted for bullish.
But it is still a long way to go for all of us, we have reach all time high this year, after that the market slowly goes on downward spiral reaching as long as $28k-$29k. But it does't mean that we can't end this year with another super fast rally. Still, the prime target is at least $100k, it might take months or at least the last quarter to go to $60k-$80k again and then just maybe in 2022 we will see the peak prime at 6 digits.
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AliMan
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July 27, 2021, 11:13:43 PM |
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With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.
Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?
Share your thoughts and what's your basis, it will help everyone to decide.
My thoughts depends on how the trend goes like right now, and based on the poll bullish market has the highest votes. This year is going to be the most exciting one, many of us hold their coins patiently despite of the challenges that we're facing. Bearish market has a weak resistance if to compared with bulls, that's why we experience little downturns then quickly recovers within few hours.
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STT
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July 27, 2021, 11:26:11 PM Last edit: July 27, 2021, 11:39:52 PM by STT |
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there is also announcement from SEC regarding BTC ETF got approved or not Sounds like a buy the rumor sell the news event at least short term. This year now is in consolidation, thats my 10 mile take or view for how we progress across the horizon through regular events mixed with the unknown that might challenge or take BTC higher. We only rose this fast because of the excessive monetary diluation by government or it'd have taken far longer to develop perhaps in a similar way. Rapid forward now means we take longer to move more gradually and in a considered way. Price will always lead ahead of actual growth, thats why it acts so volatile because its a guess most of the time and invariably the rate of which we move long term is less of a gradient then appears short term.
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OgNasty
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July 27, 2021, 11:57:11 PM |
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The stock to flow chart makes it difficult to be bearish. I’d say the odds of BTC hitting $100,000 are better than hitting $20,000 at this point and it’s very likely the next 5 months are going to get wild. Stay away from leverage and enjoy the ride. Who knows how many more of these bubbles we’ll see.
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maxreish
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July 28, 2021, 03:15:36 AM |
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Since Ive been holding for years now and I saw the market's movemenr every year so Ive keep on believing that bitcoin is bullish at the end of this year. We had seen the newest ATH this year and we can still reach that possibly again. But then it all depends on how market reacts with the fuds, or any good news that will come.
Pull back is just normal and whales can also be the reason for the bullish or bearish market. Others are afraid and had panic emotions when dump happens. Still, Im optimistic that this year will be a good bullish market.
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Kemarit
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July 28, 2021, 03:32:08 AM |
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The stock to flow chart makes it difficult to be bearish. I’d say the odds of BTC hitting $100,000 are better than hitting $20,000 at this point and it’s very likely the next 5 months are going to get wild. Stay away from leverage and enjoy the ride. Who knows how many more of these bubbles we’ll see.
Yeah, the s2f model plot is still very accurate even though we have seen the price going -50%. So I would say that we should remain bullish up until the end of the year and then let's see how it goes. If s2f model fails then we can't do anything about it. But if it is a hit then definitely we are going to be on a roller coaster ride and finally see $100,000 this year.
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mrjoy15
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July 28, 2021, 03:44:38 AM |
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Bear market that missed out would be one of the greatest regret according to my assumption. what out, $40K is here. Almost two month BTC has been low and the market just started to pump, will continue to. If BTC drops down to $35K then $41K will be more difficult though. Hoping going back up from the point. Just guess if the roller coaster take negative turn.
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Oasisman
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July 28, 2021, 09:31:40 AM |
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With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.
Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?
Share your thoughts and what's your basis, it will help everyone to decide.
Well, I remained bullish. Simple because the current Btc price isn't considered as bear market, even when Btc was still sitting at $30,000 level. Though the drop was 50% from the last ATH, but $30,000 is still a big increase in price compared from the past years. Also, even with the negative news that might've greatly affect Btc like the China power issue, Btc still remain it's range and doesn't seem to be affected at all. Now, Btc has been gradually increasing again flirting near the $40,000 level. It gives me a lot more reason to stay bullish in the coming months.
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Anonylz
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July 28, 2021, 10:20:47 AM |
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Bullish all the way till year end, we can't ignore all the recent good news popping up now and then directly or indirectly related to btc, such positive news are what will take btc to the next level of ath, there is no need to be pessimistic it won't help our investment, already the price seem to be coming back gradually, it won't happen at once but it will surely happen.
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Poker Player
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July 28, 2021, 10:43:35 AM |
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Likely will bullish.
Bullish...
I voted for bullish.
The stock to flow chart makes it difficult to be bearish.
So I would say that we should remain bullish up until the end of the year...
Well, I remained bullish.
I'm still optimistic that the market can be bullish quickly.
Bullish all the way till year end,
Yeah, definitely bullish. There is no serious prediction that says we are going to be in a bear market for the rest of the year. I don't know if those who voted bearish are trolls or what, in any case if they are serious they should put their money where their mouth is and short Bitcoin. I said at the time of the recent downturn and continue to say that we will pass $100K this year and there are predictions that go well beyond that.
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Lucius
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July 28, 2021, 11:01:31 AM |
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And before we reached the new ATH, 2021 was in all speculation marked as the year of the bulls - the main reason of course was halving 2020. When we add to that all the interest of institutional players that started in Q3 2020, for me no matter what, this year is extremely bullish.
Share your thoughts and what's your basis, it will help everyone to decide.
We can speculate, but no one should decide to invest in Bitcoin based on speculation - this year may end with a new ATH, but there are also chances that this will not happen. In addition, people change their minds given the current situation - if you had asked this question when the price was below $30k, I'm sure the answers in the poll would have been a little different.
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Ararbermas
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July 28, 2021, 11:17:28 AM |
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With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.
Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?
Share your thoughts and what's your basis, it will help everyone to decide.
it depends and just like what you said it's like a roller-coaster so yes for that, reason it still very unpredictable such what will happen before this year end, Infact we're just then mid of the year so we for now we cannot tell the overall performance of the market.. Ps. market is gradually gaining strength, if this will continue until bitcoin reach 40k above. For sure bearish will end. Because it like alternative as always.
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michellee
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July 28, 2021, 12:09:31 PM |
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I voted for bullish this year. It proves that bitcoin can go up and reach the new ATH, although the price now reduces a lot. But if we check on the bitcoin market, it seems the price is going strong and back to $40k and make us feel happy to see this price again. But we still need to be careful because no guarantee for the price to increase for more. The correction can happen anytime without noticing and it is better to use the moment to buy or sell some amount and enjoy it. Hopefully, until the end of this year, the situation still bullish, although we will see many corrections that can happen later.
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Yaunfitda
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July 28, 2021, 12:17:33 PM |
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The timing of the poll though, as we have surge above $40k, so all signs is pointing out that we are still in the bullish phase this year. We have reach a new all time high of $64k, but I think we could still push for more and surpass another level before the year ends.
And I'm pretty sure that majority here will will on bullish market, that's what we wanted to see so that we can see our profits going up before the end of 2021.
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Sayeds56
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July 28, 2021, 12:28:53 PM Last edit: July 28, 2021, 12:40:55 PM by Sayeds56 |
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Likely will bullish. On tommorrow, there is also announcement from SEC regarding BTC ETF got approved or not, while they have postponed that few times before, then tommorrow they will likely give the answer, which if the answer is YES, we will be more bullish, if NO, well maybe we can back to $30k
I also voted for Bullish, the market is above 40K now so obviously it is time to cheer and make party. Thought the correction phase of past 3 months was very painful but somehow we went though it with making any panic selling. Now the weekly candle should close Green to confirm Bullish trend and I strongly believe that we will soon see new ATH once Bull Run resumes in full swing.
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BrewMaster
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There is trouble abrewing
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July 28, 2021, 02:20:38 PM |
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we never stopped being bullish in my opinion because the drop we had a couple of months ago was not a big deal and the drop brought the price down quickly and then stopped going any lower than $30k which was a clear sign of market still being bullish because it was the accumulation phase of the upcoming huge rise.
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There is a FOMO brewing...
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techearn17
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July 28, 2021, 03:59:19 PM |
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Today or tomorrow we will explain it openly. The market will have to close above forty thousand five hundred and fifty The price should not go below thirty-eight thousand eight hundred If so, we can expect to reach new heights I'm not bullish yet.
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