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Author Topic: The pump isn't coming sooner  (Read 439 times)
stomachgrowls
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November 08, 2022, 10:47:58 PM
 #61

Speaking of pumps, was wondering what on earth just happened a couple of hours ago? Sold some BTC just before it pumped back to 20.5k, then is now threatening to break 19k floor.

Thought I'd find the answer immediately on forum before wading into... Twitter... didn't find it, then saw the FTX drama reach a Binance conclusion haha.
Yes, it did go as low as $17,603 as for CMC.
https://coinmarketcap.com/currencies/bitcoin/

I wasnt expecting for this FTX drama could really give out such impact.Price movement is just way too fast.Lucky for those who had made out some short on futures
and lucky for those who had bought on that possible bottom. Cant still be that confident nor really that known if this is the possible bottom
before the price could rise again.

So these kind of events and news arent something shocking or new into this market.Anytime, theres something that could possibly happen.

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GeorgeJohn
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November 08, 2022, 10:49:05 PM
 #62

The crypto market has to overcome a lot of difficulties to improve and thrive in the future, unless we get widespread adoption of Bitcoin in the first place, we will continue to witness this bear market every few years, if global adoption occurs in the future and governments give in to the fait accompli and accept Bitcoin and cryptocurrencies surely then it will We are witnessing a relatively buoyant and stable crypto market, until then we will continue to watch the bear market constantly come back.
The change that can abolish, terminate or resist the bearish market is larger investors coming into cryptocurrency, even though give me legalize cryptocurrency across the nations and theirs no mega investors in the cryptocurrency industry, we shall continue to experience the bearish,  so Bitcoin can be corrected or been reversed via the market structure through more investors.

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November 09, 2022, 01:24:53 AM
 #63

Today the market rises more than 6% and is likely to continue to rise because of positive news from many Twitter influencers, even according to the prediction of many experts that the price of November can touch $ 25k, of course this is a good start so that December can rise and reach at least $ 35 K.
but today? couple of days after your post? the market is down again not only by 6% but higher as it recorded to be double digits .
from 22k now we are sitting at 18k and still dropping so basically that pump isn't coming that soon for our expectations.
The crypto market has to overcome a lot of difficulties to improve and thrive in the future, unless we get widespread adoption of Bitcoin in the first place, we will continue to witness this bear market every few years, if global adoption occurs in the future and governments give in to the fait accompli and accept Bitcoin and cryptocurrencies surely then it will We are witnessing a relatively buoyant and stable crypto market, until then we will continue to watch the bear market constantly come back.
The change that can abolish, terminate or resist the bearish market is larger investors coming into cryptocurrency, even though give me legalize cryptocurrency across the nations and theirs no mega investors in the cryptocurrency industry, we shall continue to experience the bearish,  so Bitcoin can be corrected or been reversed via the market structure through more investors.
there are many investors that only waiting for right timing , meaning they are observing and monitoring the market flow if it is the time to enter or not.

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November 09, 2022, 03:50:07 AM
 #64

Almost throughout 2022 the market dimmed and never reached a low of $18k or dropped more than 70%, but the positive thing that happened was that the market was growing positive these days and today it touched $21k, I hope the market continues to grow and the target for december can be touched $30k.
wrong, the market dropped below 18k and that is 17 thousand level is what our bottom this 2022 so with that you already does not have complete idea about the market.
going above 21k or even 22k indeed happened recently , but now we are again falling and seems to be dropping to 17k again?
I hate seeing this but we must admit this happening.









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November 09, 2022, 08:55:23 AM
 #65

Thought I'd find the answer immediately on forum before wading into... Twitter... didn't find it, then saw the FTX drama reach a Binance conclusion haha.
Yes, it did go as low as $17,603 as for CMC.
https://coinmarketcap.com/currencies/bitcoin/

I wasnt expecting for this FTX drama could really give out such impact.Price movement is just way too fast.Lucky for those who had made out some short on futures
and lucky for those who had bought on that possible bottom. Cant still be that confident nor really that known if this is the possible bottom
before the price could rise again.

Yeah, had heard some of the drama, didn't expect it to hit so hard. And re bottom, honestly hard to tell, my sense is that it's not going to have a lasting impact unless it causes a domino effect (the way Luna did on others). Market was otherwise stable, even better even with bad inflation numbers from US, so this should just be a jump scare. Not betting on it though.

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michellee
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November 09, 2022, 11:22:01 AM
 #66

Almost throughout 2022 the market dimmed and never reached a low of $18k or dropped more than 70%, but the positive thing that happened was that the market was growing positive these days and today it touched $21k, I hope the market continues to grow and the target for december can be touched $30k.
wrong, the market dropped below 18k and that is 17 thousand level is what our bottom this 2022 so with that you already does not have complete idea about the market.
going above 21k or even 22k indeed happened recently , but now we are again falling and seems to be dropping to 17k again?
I hate seeing this but we must admit this happening.
Currently, the price is at $17k (again) and it looks like it will continue to decline steadily. And if I'm not mistaken, the price dropped to $16k because I saw that was the price listed on Binance. And for the current situation, if the price goes back to $16k, that's a good time to buy bitcoins again.

We all hate to see this but we can do nothing but follow what is happening in the market and use it to our advantage. But this is only temporary because the current situation will turn around and that's when the price will start rising again.

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SPIN

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November 09, 2022, 01:49:31 PM
 #67

Almost throughout 2022 the market dimmed and never reached a low of $18k or dropped more than 70%, but the positive thing that happened was that the market was growing positive these days and today it touched $21k, I hope the market continues to grow and the target for december can be touched $30k.
wrong, the market dropped below 18k and that is 17 thousand level is what our bottom this 2022 so with that you already does not have complete idea about the market.
going above 21k or even 22k indeed happened recently , but now we are again falling and seems to be dropping to 17k again?
I hate seeing this but we must admit this happening.

I don't think the market has stabilized yet and we will most likely see even lower prices in the close of the year. I have just impacted liquidation and events were unpleasant for me. it's an unexpected drop coming so quickly and I think the big impact is that FTX went bankrupt this is what worries Holders so they are swapping btc to usdt. I did a second entry at 15k, 16k, even that was better than the rush. maybe in this month I hope there will be a big pump coming and btc can go back up to 20k this month.

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