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Author Topic: A Little Surprised!  (Read 880 times)
Pamadar
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April 15, 2022, 06:47:23 AM
 #61

I was honestly expecting Bitcoin to hit $50,000 soon. That didn't happen. It shouldn't have been surprising but because of big news like Terra's gradual purchase of at least 10 billion dollars of Bitcoin for its UST stablecoin, MicroStrategy's additional purchase of thousands of Bitcoin, etc, I was expecting that Bitcoin's price would somehow react positively.

The said huge purchases will somehow give an impact on the price but that doesn't mean the prices went up to $50k instantly, we can't expect that. The market needs consistency in the market demand and must gain a strong support level to possibly make it, unfortunately, that was not what we are seeing now. Even the Microstrategy and Terra are investing Bitcoin in huge amounts, I wasn't expecting too much change in the price trend, We'd still be experiencing a sideways movement.

Yes, if there's no support other than that purchase, the value will still fall,

Unless there are more investors to follow what Terra and Microstrategy plus the adoption that will take place from
more businesses, it will create a big impact.

If that will happen, we may expect a huge bull run and anticipate more money to flow around. Otherwise, we will
just continue to see the same market movement, a little up and down while working with good barrier.
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April 15, 2022, 11:43:35 AM
 #62

There are to many important factors that will keep bitcoin under 50k mark and personally I don't expect this cycle to be broken anytime soon.

In my opinion , is kinda risky to invest into cryptos right now as we never now what can happen tomorrow with graph being so hard to read. It was full of posts and articles on internet about Bitcoin going over 50k by april , bitcoin going over 60k in april but none of them happened.

Please remember that only a few crypto owners saw this bull run coming last year and most of us didn't anticipated anything like this so yea...we are all surprised.

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April 15, 2022, 09:21:00 PM
 #63

There are to many important factors that will keep bitcoin under 50k mark and personally I don't expect this cycle to be broken anytime soon.

In my opinion , is kinda risky to invest into cryptos right now as we never now what can happen tomorrow with graph being so hard to read. It was full of posts and articles on internet about Bitcoin going over 50k by april , bitcoin going over 60k in april but none of them happened.

Please remember that only a few crypto owners saw this bull run coming last year and most of us didn't anticipated anything like this so yea...we are all surprised.
What are those factors that keeps it under 50k? I know a few that could get it high, like if sanctions continues then maybe Russia could start using bitcoin in a governmental level that could increase the price?

I am not saying this will happen, but nobody in the world could guarantee it not happening neither. Or I could say that there could be a whale pump, based on long futures investors with high leverage, in order to make even more? Or I could say Elon could tweet. None of these needs to happen, there could be a sudden increase out of nowhere as well, doesn't even need a reason. It could also not go up as well, I agree, but I doubt there is a guarantee of being under or over 50k, it's unknown.

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April 15, 2022, 09:58:00 PM
 #64

This is what we were talking about right now, with a lot of positive news we see a drop in the price of Bitcoin instead of an increase and this is a surprising reason for everyone, it seems that the whales are playing in the market greatly, they are taking advantage of the positive news to push people to buy more amounts of Bitcoin and at the same time they are selling The huge quantities  that they have, this causes the price to fall more and more. This is a dangerous game for whales to play and they are sure to raise the price soon.
I don't think that whales are controlling the possible uptrend of the market but I see the demand wasn't huge enough to move the market high. We are in bear season, that is what I thought.

So much happened last year and the impact still even reach early this year. Now, it was the time to face the bear side of the market as despite the said info of huge buying by Microstrategy this even not it helps for the price surge, we eventually still moving slow and unstable.
$40k- $48k- well, for me, the price isn't looked bad, that was still high compared to the past years.
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April 16, 2022, 02:57:20 PM
 #65


These and many more good news, and yet the price is falling to $42,000?
That becomes a puzzled on us and wondered how this did not even push the market to increase as we mostly design to think positive and pump once hearing good news. But too unfortunate that the price never went high, instead we see dropping off of their value.  That is really surprising but I realized the situation that the market had already changed, we can no longer compare it to the past years where manipulation is strong and had a strong influence on the whales.

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April 16, 2022, 04:28:57 PM
 #66

What are those factors that keeps it under 50k? I know a few that could get it high, like if sanctions continues then maybe Russia could start using bitcoin in a governmental level that could increase the price?

I am not saying this will happen, but nobody in the world could guarantee it not happening neither. Or I could say that there could be a whale pump, based on long futures investors with high leverage, in order to make even more? Or I could say Elon could tweet. None of these needs to happen, there could be a sudden increase out of nowhere as well, doesn't even need a reason. It could also not go up as well, I agree, but I doubt there is a guarantee of being under or over 50k, it's unknown.
Idk, natural market movement?  I mean, even if we all received "positive" news of stuff related to Bitcoin, I hardly doubt it'd always go up. Especially since the past period has been from a recovery from the almost dip to $30k or so levels, so I reckon this kind of adjustment is quite understandable right now. Maybe wait till the end of the month, we may see some more positive growth if investors don't get FUD due to the market balancing itself right now. It honestly doesn't look that bad even tbf, I'd just wait for it to go up in the next few weeks or months maybe and take my time.

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April 16, 2022, 06:45:43 PM
 #67

These and many more good news, and yet the price is falling to $42,000?
That becomes a puzzled on us and wondered how this did not even push the market to increase as we mostly design to think positive and pump once hearing good news. But too unfortunate that the price never went high, instead we see dropping off of their value.  That is really surprising but I realized the situation that the market had already changed, we can no longer compare it to the past years where manipulation is strong and had a strong influence on the whales.
It is not really that puzzling that the price went low, I mean look at the stock market, that went low as well. Main reason for this is that people are using their money for something, they do not invest, not to stocks, not to gold, not to crypto, they are using it some other way. There are periods in financial world where people put their money to good use, and there are periods when they just hoard it.

We are in a period where they hoard it, like rates are good enough, and they could simply put it on interest and make good enough, not a lot, but good enough. Maybe it is just about how the situation is more inclined to use their money that way these days.
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April 16, 2022, 06:52:03 PM
Last edit: April 17, 2022, 06:11:22 PM by ajochems
 #68

When new people buy the bitcoin with huge investments.They became a whale to monitor the bitcoin price for certain period.If they brought for 10 billion dollars of bitcoin.If they decided to reduce the price of bitcoin,they can sell 5 billion worth of bitcoin with all the buy others.Then,they will be huge fluctuations in the price.So the price of bitcoin was reduced.When they like to buy,then easily they buy with less than sold price.



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April 16, 2022, 08:11:09 PM
Last edit: June 11, 2023, 11:56:02 PM by STT
 #69

All good things come to those who wait, its nearly end of week which means weekly bars are a good place to look for this medium term type of price objective.  50 k is reasonable but situation has to develop, remember the Dollar index is high right now so we are definitely walking up hill and its pretty steep progress imo.





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April 17, 2022, 12:41:48 PM
 #70

All good things come to those who wait, its nearly end of week which means weekly bars are a good place to look for this medium term type of price objective.  50 k is reasonable but situation has to develop, remember the Dollar index is high right now so we are definitely walking up hill and its pretty steep progress imo.




While I am a believer of Waiting is the best strategy but with our position now? i think there are still hardship to expect mate .
maybe this year we can see some  good movement or at least taking back the 50k , but to look for ATH is not to happen as I believe now
Maybe I may be in despair but at least I am not a great expectation and then will cry after.

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April 17, 2022, 07:27:21 PM
 #71

I was honestly expecting Bitcoin to hit $50,000 soon. That didn't happen. It shouldn't have been surprising but because of big news like Terra's gradual purchase of at least 10 billion dollars of Bitcoin for its UST stablecoin, MicroStrategy's additional purchase of thousands of Bitcoin, etc, I was expecting that Bitcoin's price would somehow react positively.

And now that the Miami Bitcoin conference is currently happening with huge Bitcoin adoption surprises such as Shopify's adoption of Bitcoin lightning payments, the price is falling even more. Things are generally positive lately. There is also the news of the partnership of Jack Dorsey's Block, Adam Back's Blockstream, and Elon's Tesla for a 100% solar-powered Bitcoin mining project. And then there's Robinhood's integration of the Lightning Network.

These and many more good news, and yet the price is falling to $42,000?
This is also something that very weird in cryptospace . When there are so much thing happening that we think can bring good boost to the market or at least in a currency that we are holding? But suddenly ot does not and instead made its way on the opposite side.

But of course this is also thrilling on that part because we are subjective to be more knowledgeable and observant
This should show us once again why trading the news or using fundamentals exclusively is a risky choice in this market, we have seen a lot of positive news lately and yet the price is barely above the 40k level and it could go below it at any moment, so while positive news are always welcome someone that is trading the markets should always be watching the charts and the movements of the price to be able to tell if the news are having a positive effect on the market or if other traders are ignoring what is happening and think of it as secondary compared to the dynamics of the market itself.
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April 17, 2022, 08:29:52 PM
 #72

Relying on any news is like looking in a muddy puddle for a reflection, not impossible but often unclear and distorted.   We make fun of the communist countries for being fed party political views by their governments but the world wide over we have bias in all that is reported, the nature of all human communication is subject to degradation and loss the further we are from the source.
  I far prefer graphs, volume and historic record of trades actually done.  Then we have to contend with guessing what happens next but I find more facts in deals done and certainty where people must have paid a price to transact then news which is maybe.

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sayaya17
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April 17, 2022, 08:58:43 PM
 #73

All good things come to those who wait, its nearly end of week which means weekly bars are a good place to look for this medium term type of price objective.  50 k is reasonable but situation has to develop, remember the Dollar index is high right now so we are definitely walking up hill and its pretty steep progress imo.


While I am a believer of Waiting is the best strategy but with our position now? i think there are still hardship to expect mate .
maybe this year we can see some  good movement or at least taking back the 50k , but to look for ATH is not to happen as I believe now
Maybe I may be in despair but at least I am not a great expectation and then will cry after.

Of course waiting is the best decision for the current market conditions, because it is too risky if we make decisions in a hurry. Especially if
we invest in Bitcoin, the more patient we wait for it to get better, because after all Bitcoin is very profitable for long-term investment.
And it must be admitted that after Bitcoin experienced an extraordinary increase in 2021, it seems likely that it will not be repeated in 2022.
Because we need to experience the bearish trend first, after the bullish trend that occurred in 2021.

I agree the best possible Bitcoin hit in 2022 is to hit $50k, because it is too difficult to expect Bitcoin to return to the ATH price. But we must
not despair, let alone doubt the future of Bitcoin, no matter how low the price of Bitcoin falls, one day it will recover and possibly reach new ATH.
So it doesn't matter we have high hopes for Bitcoin, at least it makes us more motivated to hold Bitcoin or collect more Bitcoin. Because as long as
we can be patient, Bitcoin is the best asset that can surprise us with big profits.
 

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April 18, 2022, 01:40:59 AM
 #74

Relying on any news is like looking in a muddy puddle for a reflection, not impossible but often unclear and distorted.   We make fun of the communist countries for being fed party political views by their governments but the world wide over we have bias in all that is reported, the nature of all human communication is subject to degradation and loss the further we are from the source.
  I far prefer graphs, volume and historic record of trades actually done.  Then we have to contend with guessing what happens next but I find more facts in deals done and certainty where people must have paid a price to transact then news which is maybe.

Patterns that have a better chance of repeating itself is really good when dealing with trading.

The anticipations and the adjustments that you can do is possible to enhance your success chance, unlike doing things
like gambling with your investment.

The chance of succeeding is great when you have a pattern to follow. Keep things the right way and always adopt when
it's needed the most.
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April 18, 2022, 02:58:50 AM
 #75

Relying on any news is like looking in a muddy puddle for a reflection, not impossible but often unclear and distorted.   We make fun of the communist countries for being fed party political views by their governments but the world wide over we have bias in all that is reported, the nature of all human communication is subject to degradation and loss the further we are from the source.
  I far prefer graphs, volume and historic record of trades actually done.  Then we have to contend with guessing what happens next but I find more facts in deals done and certainty where people must have paid a price to transact then news which is maybe.

Of course, we wanted data and numbers to predict what the future will bring to bitcoin market. Yeah, it's also guessing, but I guess it's more calculated though than just putting numbers randomly. But we can't discount that news really affects the market that we love, it's how investors and speculators play, as others say, "buy the rumors, sell the news", and this is more evident here.
Fundamentals Of (OP)
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April 18, 2022, 03:17:46 AM
 #76

There are those people who don't mind the fundamentals too much. They prefer to predict using the charts and technical indicators. But at the end of the day, in a highly unpredictable market, both technical and fundamentals analysts are actually guessing.

The charts could actually tell you a thousand possibilities. The fundamentals the same perhaps. But what I like most about fundamentals is that there is an actual basis for your prediction. The charts may suggest that the price will rise but is it enough reason? On the other hand, once Apple or Amazon for example will announce that they are buying Bitcoin, you can be almost 100% sure the price will rise.
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April 18, 2022, 03:39:17 AM
 #77

When new people buy the bitcoin with huge investments.They became a whale to monitor the bitcoin price for certain period.If they brought for 10 billion dollars of bitcoin.If they decided to reduce the price of bitcoin,they can sell 5 billion worth of bitcoin with all the buy others.Then,they will be huge fluctuations in the price.So the price of bitcoin was reduced.When they like to buy,then easily they buy with less than sold price.
Literal manipulation , but people nowadays are not interested in small movement meaning not like in the past that small holders are becoming affected even in small manipulating but we are now aware of this and whales will not succeed in their plans.
I know that in certain situation we can see for the effect but we know also that their act will take effect only once they are the acting together with other whales to shake the market really big.

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April 18, 2022, 12:13:17 PM
 #78

All good things come to those who wait, its nearly end of week which means weekly bars are a good place to look for this medium term type of price objective.  50 k is reasonable but situation has to develop, remember the Dollar index is high right now so we are definitely walking up hill and its pretty steep progress imo.

And all Mondays come to wreck the dreams of Sunday bulls (not that they were anywhere near the horizon when I last checked). I'm doing all kinds of strange surprises to myself these recent weeks, keep checking to see how badly support's broken, only to find an unexpected wave of strength, then just as I'm convinced that's hinting at underlying strength, we lose key support again.

The situation of course hasn't changed in terms of development indicators but market forces don't appear to want to make it any easier on the bulls.

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South Park
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April 18, 2022, 08:12:57 PM
 #79

Relying on any news is like looking in a muddy puddle for a reflection, not impossible but often unclear and distorted.   We make fun of the communist countries for being fed party political views by their governments but the world wide over we have bias in all that is reported, the nature of all human communication is subject to degradation and loss the further we are from the source.
  I far prefer graphs, volume and historic record of trades actually done.  Then we have to contend with guessing what happens next but I find more facts in deals done and certainty where people must have paid a price to transact then news which is maybe.

Of course, we wanted data and numbers to predict what the future will bring to bitcoin market. Yeah, it's also guessing, but I guess it's more calculated though than just putting numbers randomly. But we can't discount that news really affects the market that we love, it's how investors and speculators play, as others say, "buy the rumors, sell the news", and this is more evident here.
We know that both news and rumors can indeed affect the markets, but exactly to what extent a particular news can do so is something you will never know, even if we used technical analysis it would not be possible to know how much of an effect a news has as each market participant is taking actions based on what they believe is right, which may take into account the news or not, this is why some disregard trading using the news and prefer to just use the charts and indicators as the market behavior is more easily observable when you use them.
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April 18, 2022, 10:19:52 PM
 #80

I was honestly expecting Bitcoin to hit $50,000 soon. That didn't happen. It shouldn't have been surprising but because of big news like Terra's gradual purchase of at least 10 billion dollars of Bitcoin for its UST stablecoin, MicroStrategy's additional purchase of thousands of Bitcoin, etc, I was expecting that Bitcoin's price would somehow react positively.

And now that the Miami Bitcoin conference is currently happening with huge Bitcoin adoption surprises such as Shopify's adoption of Bitcoin lightning payments, the price is falling even more. Things are generally positive lately. There is also the news of the partnership of Jack Dorsey's Block, Adam Back's Blockstream, and Elon's Tesla for a 100% solar-powered Bitcoin mining project. And then there's Robinhood's integration of the Lightning Network.

These and many more good news, and yet the price is falling to $42,000?

when you have a war between russia and ukraine and then most of the countries putting sanctions and the markets are in despair due to the crisis that the war is causing then we can clearly see that there is no way to have an optimistic scenario for the price of bitcoin to be increasing very. investors are afraid of market uncertainty. many people are more focused on observing the outcome of the war and then deciding on investments

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