sunsilk
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August 07, 2021, 10:49:29 PM |
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Now I get the idea why we're seeing a huge pump today. Yeah, the news was literally bullish and it had reflected already to the market. More adoption means that there's going to be a higher demand.
People are too quick to forget that there's a supply limit of bitcoin and that's why if there's adoption that's going to keep coming for bitcoin, we're really going to see it skyrocket more soon.
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Hippocrypto
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August 07, 2021, 10:57:10 PM |
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I'm not surprised why bitcoin continually increasing after the small fluctuation few days ago. If these a legit news for sure bitcoin has a potential to reach the all time high value along with ethereum because there both had a good percentage in the market.. Indeed google play and apple is a very trusted and huge company.. So definitely there will be a massive impact in the market within this month if this isn't a fake news.
Let's observe first after hearing those positive news from different sectors of stream media. We don't know yet what's the whole impact of this stories behind us, it may sound good in a sense that hype creates more praises. But, we what we don't consider is the future potential disadvantages, so I recommend that everyone should calm down and don't take it seriously.
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Wawa2013
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August 07, 2021, 11:02:35 PM |
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I'm not surprised why bitcoin continually increasing after the small fluctuation few days ago. If these a legit news for sure bitcoin has a potential to reach the all time high value along with ethereum because there both had a good percentage in the market.. Indeed google play and apple is a very trusted and huge company.. So definitely there will be a massive impact in the market within this month if this isn't a fake news.
I think everyone is waiting for such an amazing trend. We have missed already where the price of Bitcoin at $60k plus, I damn to miss it but wait, I think there is no need to excite as it is not yet confirmed, who knows if this another fakes news like amazon or this will bring us to bull trap. Honestly, the spread of fakes news seems rampant these days, I don't know why and it means that we need not to rush the market but instead observe the trend first because of making a decision. Don't be too excited to see Bitcoin's rise right now, it's not that I'm pessimistic, but we do have to be careful of bull traps. It's too early to assume that we have now returned to the bullish trend, because there is a possibility that Bitcoin will fall again. Therefore, we still have to monitor Bitcoin price movements and also news about Bitcoin currently circulating. Like you said now there are quite a lot of fake news circulating, so don't be in a hurry to make a decision. I prefer to wait for Bitcoin to rise to the next resistance level at $45k, if Bitcoin manages to cross the $45k price, it is very likely that Bitcoin has started to continue the bullish trend.
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Twinscoin2017
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August 08, 2021, 02:38:04 AM |
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I'm not surprised why bitcoin continually increasing after the small fluctuation few days ago. If these a legit news for sure bitcoin has a potential to reach the all time high value along with ethereum because there both had a good percentage in the market.. Indeed google play and apple is a very trusted and huge company.. So definitely there will be a massive impact in the market within this month if this isn't a fake news.
I think everyone is waiting for such an amazing trend. We have missed already where the price of Bitcoin at $60k plus, I damn to miss it but wait, I think there is no need to excite as it is not yet confirmed, who knows if this another fakes news like amazon or this will bring us to bull trap. Honestly, the spread of fakes news seems rampant these days, I don't know why and it means that we need not to rush the market but instead observe the trend first because of making a decision. Don't be too excited to see Bitcoin's rise right now, it's not that I'm pessimistic, but we do have to be careful of bull traps. It's too early to assume that we have now returned to the bullish trend, because there is a possibility that Bitcoin will fall again. Therefore, we still have to monitor Bitcoin price movements and also news about Bitcoin currently circulating. Like you said now there are quite a lot of fake news circulating, so don't be in a hurry to make a decision. I prefer to wait for Bitcoin to rise to the next resistance level at $45k, if Bitcoin manages to cross the $45k price, it is very likely that Bitcoin has started to continue the bullish trend. Well i think this is a true bull run, I see the market is full of green today maybe bullish market started again. Bitcoin is now 43k$ and ethereum is at 3k$ so I think we are now bullish. But we still need to get or research some new update because there is also a possibility that price will go down after the massive rise.
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Ozero
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August 08, 2021, 04:29:11 AM |
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I'm not sure if the spike is due to this news or the ETH London hard fork has a trickle effect to the whole crypto market as almost everyone has a huge gain in the last 24 hours.
But for bitcoin enthusiast, this might be bullish news, Coinbase + Apple Pay + Google Pay in one sentence? That's already something to talk about and it might have a positive impact as the news will slowly settle down to us.
Yes, I still don't understand why the cryptocurrency market suddenly received such a sharp price surge, and prices continue to rise at a very fast pace. I see that according to CoinMarketCap the price of bitcoin is now $ 44,240, and ethereum is $ 3115. Could it really be that this ethereum is growing and pulling the entire cryptocurrency up with it? A very interesting idea. Why are we used to thinking that all cryptocurrency repeats the movement of bitcoin. After all, they rise and fall in price at the same time. Anyway, I hope that the ethereum price will continue to grow as its network is successfully updated.
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SquallLeonhart
Legendary
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Activity: 2478
Merit: 1102
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August 08, 2021, 04:47:22 AM |
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After seeing this tweet lots of people comment on this tweet that it is going to be another bullish news because apple pay, google pay is now supported to buy bitcoin. Not only him lots of biggest twitter influencers also tweet the same thing. So i thought you guys should known about this topic.
All of you sound like that due to lack of available payment options, people are unable to invest into bitcoins which led bearish bitcoin markets. But in my opinion, worldwide people are getting enough payment options to spend anywhere like giftcards and virtual CC are few of them. Still, I agree if you are allowed to buy bitcoins on the go then probably you may more frequently buy but in small amounts and if you have limited options to buy bitcoins then you will accumulate and may buy at once and at considerably big volume.
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traderethereum
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August 08, 2021, 05:16:46 AM |
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Well i think this is a true bull run, I see the market is full of green today maybe bullish market started again. Bitcoin is now 43k$ and ethereum is at 3k$ so I think we are now bullish. But we still need to get or research some new update because there is also a possibility that price will go down after the massive rise.
Hopefully, it is a bull run for bitcoin and altcoin because I also see that bitcoin price can rise higher from $39k-$43k at the current. Ethereum price itself can increase and back to $3k, which can still increase in the next week. Hopefully, the next week can give a good week for us to take profit after buying bitcoin, ethereum, and other coins at a low price. Yes, research for more will be necessary for us to see if the price can still increase or go down. But it will get another correction so we need to prepare for that.
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EdenHazard
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August 08, 2021, 05:47:08 AM |
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The news I can find from last month is the Google pay can now work with coinbase cards. I've not found anything on buying or selling crypto with cash/fiat via Google pay - but it could've just been activated in some parts.
well with that headline, anyone can make up a large story and spread around the internet in a few mins. thats how the news and reporter making money out of two or three words. expanding a story that actually true but adding some bullshit and eveyone believe that it is what it is. long term always bullish but not today, its swinging now and i bet we might get another hard correction even quite freefall in the coming weeks just like what other people thought when you do lots of analytics, beware... thos huge cash invested few months ago since the first quarter of 2021 are aquired at $27k in average, they should take some profit now and we as a small player might gt destroyed in secs.
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asrinur
Full Member
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Buzz App - Spin wheel, farm rewards
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August 08, 2021, 04:18:34 PM |
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I think this is great news if it actually happens in the near future. as we know that Coinbase is one of the biggest exchanges. If the news is true, then a Bull market will happen soon.
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pealr12
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August 08, 2021, 05:43:37 PM |
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I hope this news is authentic and not as rumoured as that of Amazon, if this news has an authentic source then it is surely a huge news for the btc community because obviously more access from different place to boost the market even more, the market is really looking bullish and with good news like this it will keep going bullish I hope.
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Boov
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August 08, 2021, 10:08:45 PM |
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I think this is great news if it actually happens in the near future. as we know that Coinbase is one of the biggest exchanges. If the news is true, then a Bull market will happen soon.
I guess bull market depends with the current price updates, even though the signs seems to be interesting but we need to overcome fears. There's a lot of biggest exchanges same with Coinbase which potentially contributes to possible bullrun. Meanwhile, as we're moving forward towards $50k I think it needs more demand before we achieve our goals.
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crzy
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August 08, 2021, 11:12:29 PM |
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I think this is great news if it actually happens in the near future. as we know that Coinbase is one of the biggest exchanges. If the news is true, then a Bull market will happen soon.
Not related on Bitcoin? This news will not affect the whole market because we all know we are still dependent to Bitcoin so if there’s a news about Bitcoin, then we might see a bull market again though this exchange news is still good but not enough to push the market into another bull run.
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adaseb
Legendary
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August 09, 2021, 05:04:32 AM |
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I read about this news on Twitter and its not as positive as many of you here think it is. The issue is that the fees are crazy high on Coinbase. Some guy wanted to buy (or sell) some bitcoin and the fee was something like 3-4%. I think the highest fees i've seen before were like 2% and that was with Gemini however 3-4% is just crazy.
Also if you use coinbase to buy and later you use it to sell the fees will be double, say 6%. So if you bought BTC today at $43500 you would need to sell at $46100 just to break-even. Im sure its great news and everything however due to the fees I Dont think too many people are actually going to use it.
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leea-1334
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August 09, 2021, 09:47:45 AM |
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Now I get the idea why we're seeing a huge pump today. Yeah, the news was literally bullish and it had reflected already to the market. More adoption means that there's going to be a higher demand.
People are too quick to forget that there's a supply limit of bitcoin and that's why if there's adoption that's going to keep coming for bitcoin, we're really going to see it skyrocket more soon.
I think it had nothing to do with it though. This is just the 3rd weekend in a row that pumping prices came,,, and Monday a bit of a dump, so this is the socalled cycles of attempts before the new ATH is ready:) Of course,,, I do not mind a bit of good news but we have to accept nothing can change this move forward. Not good news, not bad news. Here we go!
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The Wasp
Jr. Member
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August 09, 2021, 10:54:41 AM |
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Overhyping of cryptos and FOMO are the reasons behind the recent hysteria in this market. One thing that remains clear, people are using and trading crypto as an investment. So it means they are getting trapped in this madness. Best of luck and let’s see what happens in the next few weeks.
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STT
Legendary
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August 09, 2021, 12:00:01 PM |
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Do we need constant bullish news to maintain momentum and keep the price high I wonder if that many will sell if they dont see or expect to see further gains, seems to be that aspect is always there to some extent. We move short term but also the long term is far slower and more reliable in its base line to BTC gains and Im most interested where is that at. We just pass the 200 day average today, keeping above that is very bullish as a switch from where we were at just end of July or so; volume seems decent it wouldnt take otherwise imo.
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Victorycoin
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August 09, 2021, 01:42:48 PM |
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Overhyping of cryptos and FOMO are the reasons behind the recent hysteria in this market. One thing that remains clear, people are using and trading crypto as an investment. So it means they are getting trapped in this madness. Best of luck and let’s see what happens in the next few weeks.
The market needs to be monitored to know the exact news of the market after not getting stuck in insanity with the use of additional FOMO the price is holding down due to which it is selling will have to wait until the right news bitcoin stays stable above, it may try a reverse break. The first resistance channel is near the trend line.
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imstillthebest
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August 09, 2021, 03:17:31 PM |
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I think I have seen Google pay and debit/credit cards supported by crypto sites that I'm using before so I'd say that this news wasn't new at all except for the Apple pay I guess and even if it wasn't tweeted by the influencers users of Coinbase and the three payment methods are still going to find it out the next time they logon on their account but Afterall this news was still positive and can bring a hype .
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sana54210
Legendary
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August 09, 2021, 06:58:03 PM |
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The market needs to be monitored to know the exact news of the market after not getting stuck in insanity with the use of additional FOMO the price is holding down due to which it is selling will have to wait until the right news bitcoin stays stable above, it may try a reverse break. The first resistance channel is near the trend line.
You can monitor the market as much as you want but there comes a time when bitcoin does something that nobody is ready yet, for example when the price went under 30k and reached to 28k levels, nobody even assumed going back over 35k level, looking at what it is doing right now, we are over 45k and increasing every day. That should be a proof enough and very recent as well, we can talk about similar stuff in the past because it happened a million times but this is basically what happened in July and august alone, price drops to a level where everyone imagines it would drop like crazy, but then the price increases to a level nobody even imagined, reverse of that could have happened as well. All of this means that no matter how closely you look at the crypto prices, it will always mean that you will be shocked by what the market does afterwards.
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Shasha80
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August 09, 2021, 08:08:12 PM |
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The market needs to be monitored to know the exact news of the market after not getting stuck in insanity with the use of additional FOMO the price is holding down due to which it is selling will have to wait until the right news bitcoin stays stable above, it may try a reverse break. The first resistance channel is near the trend line.
You can monitor the market as much as you want but there comes a time when bitcoin does something that nobody is ready yet, for example when the price went under 30k and reached to 28k levels, nobody even assumed going back over 35k level, looking at what it is doing right now, we are over 45k and increasing every day. That should be a proof enough and very recent as well, we can talk about similar stuff in the past because it happened a million times but this is basically what happened in July and august alone, price drops to a level where everyone imagines it would drop like crazy, but then the price increases to a level nobody even imagined, reverse of that could have happened as well. All of this means that no matter how closely you look at the crypto prices, it will always mean that you will be shocked by what the market does afterwards. This is why Bitcoin is so attractive to many, its volatile price sometimes comes as a good surprise. Imagine with a few months Bitcoin only stable at $30k+, but now the price of Bitcoin is rising daily even now surprisingly the price of Bitcoin has managed to rise above $45k. This can be said to be bullish news that Bitcoin holders have been waiting for, when more FUD is circulating. So in the end people are able to be patient who will benefit.
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