Why do speculators became so bullish with just a short time high price

[LUCKMCFLY]

a. if the market goes on a correction, smart investors should buy
b. we shouldn't be selling at this point, and we shouldn't be affected by negative news or FUD

Indeed it is like that, the positive news about bitcoin for the USA should be something positive for the market, I personally think so for the simple fact that in the USA there are clear restrictions on btc, it is difficult even to play in online casinos, many things have to be met, for example Binance does not operate, the online casino that has the most access to the USA is stake.us, companies that want to operate with btc can have it but they do not have binance knowing that Binance is very popular, having an acceptance of btc in the USA as there is in El Salvador automatically are positive things that can see their clear effect in the market, investors will buy a lot more and confidence will increase, emcoins increase and this can be reflected in the price.

[bestcandy]

a. if the market goes on a correction, smart investors should buy
b. we shouldn't be selling at this point, and we shouldn't be affected by negative news or FUD

Indeed it is like that, the positive news about bitcoin for the USA should be something positive for the market, I personally think so for the simple fact that in the USA there are clear restrictions on btc, it is difficult even to play in online casinos, many things have to be met, for example Binance does not operate, the online casino that has the most access to the USA is stake.us, companies that want to operate with btc can have it but they do not have binance knowing that Binance is very popular, having an acceptance of btc in the USA as there is in El Salvador automatically are positive things that can see their clear effect in the market, investors will buy a lot more and confidence will increase, emcoins increase and this can be reflected in the price.

You have spoken well and I must say that your assertion is very crystal. USA is a big economy that have a good potential to strive any business and they have notable investors that have the financial capacity to make good investment.
If we look at the price of Bitcoin now it's very obvious that Bitcoin has already gained momentum as one of the best asset in the world economy that has the potential of profitable return on investment even when it is still under some restriction in USA. Now come to think of what will happen if it is fully endorsement by USA government. There will be more confidence for many investors to possible make more notable investment in Bitcoin which I believe will result to unprecedented increase in the price of Bitcoin in the future.
USA fully involvement in Bitcoin will make it to hold better future to Bitcoin hold especially those that will persever to hold it for long time. Although the price of Bitcoin now is very tempting for investor to consider selling their Bitcoin but if you consider all the positive speculations about the future of Bitcoin, I don't think it's a good decision for a holder to sell up there Bitcoin now because there is every indication that we will still experience more uniform bull run in the price of Bitcoin.

[philipma1957]

BTC price:

Today bitcoin touched $70,500+ before correcting back to the current prices, and within this short period that lasted less than 3 hour's, so many bitcoin market speculators became so bullish with they specualtive analysis but their joy was short leaved when bitcoin suddenly slided below 69k and struggled to reclaim that 70k benchmark without any result as at now.

Alot of bitcoin market speculators pointed to political atmosphere to be responsible for the current market reaction.

But for us here we are at a level where our knowledge about bitcoin make us to reason differently that is why I brought this here to know what the opinion of forum members is on this market behaviours.

So it went from 69k to 108k after you asked why are people bullish.

So investor were smart to be bullish and if they got in at 69k they did well and are still doing well.

So the answer to your thread is investors were smart and called the shot correctly.

You could lock this thread and ask a new question.

Should the winners of my thread that I locked bail At 97 k or should they hodl?

[LUCKMCFLY]

You have spoken well and I must say that your assertion is very crystal. USA is a big economy that have a good potential to strive any business and they have notable investors that have the financial capacity to make good investment.
If we look at the price of Bitcoin now it's very obvious that Bitcoin has already gained momentum as one of the best asset in the world economy that has the potential of profitable return on investment even when it is still under some restriction in USA. Now come to think of what will happen if it is fully endorsement by USA government. There will be more confidence for many investors to possible make more notable investment in Bitcoin which I believe will result to unprecedented increase in the price of Bitcoin in the future.
USA fully involvement in Bitcoin will make it to hold better future to Bitcoin hold especially those that will persever to hold it for long time. Although the price of Bitcoin now is very tempting for investor to consider selling their Bitcoin but if you consider all the positive speculations about the future of Bitcoin, I don't think it's a good decision for a holder to sell up there Bitcoin now because there is every indication that we will still experience more uniform bull run in the price of Bitcoin.

If there is no doubt about that, in fact for now the best thing is to accumulate as much as possible, it is known that the limit was $ 108k and that can continue to rise much more, the institutions have not sold and that is a very good thing, on the contrary they have acquired more btc, so what does this mean? that bitcoin is the safe asset, that it will rise? yes, this month? maybe, but if not, if the opposite effect happens it does not matter, we know that in the next ath we will have many more btc accumulated, does this urge many not to sell, and to buy despite the price? maybe yes, because it is everyone's decision, when we see the price at more than $ 150k to $ 200k many will agree with me.

[stomachgrowls]

You have spoken well and I must say that your assertion is very crystal. USA is a big economy that have a good potential to strive any business and they have notable investors that have the financial capacity to make good investment.
If we look at the price of Bitcoin now it's very obvious that Bitcoin has already gained momentum as one of the best asset in the world economy that has the potential of profitable return on investment even when it is still under some restriction in USA. Now come to think of what will happen if it is fully endorsement by USA government. There will be more confidence for many investors to possible make more notable investment in Bitcoin which I believe will result to unprecedented increase in the price of Bitcoin in the future.
USA fully involvement in Bitcoin will make it to hold better future to Bitcoin hold especially those that will persever to hold it for long time. Although the price of Bitcoin now is very tempting for investor to consider selling their Bitcoin but if you consider all the positive speculations about the future of Bitcoin, I don't think it's a good decision for a holder to sell up there Bitcoin now because there is every indication that we will still experience more uniform bull run in the price of Bitcoin.

If there is no doubt about that, in fact for now the best thing is to accumulate as much as possible, it is known that the limit was $ 108k and that can continue to rise much more, the institutions have not sold and that is a very good thing, on the contrary they have acquired more btc, so what does this mean? that bitcoin is the safe asset, that it will rise? yes, this month? maybe, but if not, if the opposite effect happens it does not matter, we know that in the next ath we will have many more btc accumulated, does this urge many not to sell, and to buy despite the price? maybe yes, because it is everyone's decision, when we see the price at more than $ 150k to $ 200k many will agree with me.

What most people been waiting on here is on the big or huge dump on what we are really that expecting for it to happen. We do know that within this market then we do really know that this is something that could neither happen or not since we havent that still able to make out that huge dump except with that $15k on that bear market. If we do really tend to look at on that previous cycle on which we can be able to see that before the market shoots up into the moon, we do have that still that nasty correction or price drop. We've been able to break out $100k but we arent that too far since its only that 108k but still a good milestone for this cyle on which it is really that nearly hitting with that $68-69k previous ATH that it does have in previous cycle. There were those people who are really that optimistic that the price wont really be that going that low but since we dont know on how this market moves then we dont really know on what it would really be that heading into.

Therefore, it will really be that up to you on how you will really be able to handle up your investment with Bitcoin but if you are really that making some long term approach then it wont really be that much of an issue in regarding the volatility since you will really be just that sitting and accumulate while the price is really that moving up gradually.
Somehow we cant be able to avoid not to think about on getting some cheaper coins so that we can be able to maximize profitability and this is why it will really be that something that matter the most when it comes into this aspect. So it will really be better that you should really know on how to set secure profit targets specially on the bull run period.

[LUCKMCFLY]

Somehow we cant be able to avoid not to think about on getting some cheaper coins so that we can be able to maximize profitability and this is why it will really be that something that matter the most when it comes into this aspect. So it will really be better that you should really know on how to set secure profit targets specially on the bull run period.

Yes, generally when we see that things can significantly affect the best investment is to leave it long term, according to what many books recommend that are Written by great investors , They say that when there is an investment of this type, it is enough to monitor our investment, and be aware of Anything, the advantage of volatility is that it is stronger but in the short term, in the long term there is Not as much of a bad effect, it is always the best for us to face an investment where everything is well established by holding.

[jaberwock]

Somehow we cant be able to avoid not to think about on getting some cheaper coins so that we can be able to maximize profitability

If it's about maximizing profitability then there are plenty of ways to do it and some are also safer than going for the cheap coins. One would be is to simply put your new money to your existing investment which might be the expensive/older coins.

So it will really be better that you should really know on how to set secure profit targets specially on the bull run period.

The importance of setting a target is that we won't feel pressure and think that we are still lacking of something. That way we can't do crazy things like investing on cheap/risky coins like you said earlier. Securing a profit target is also a must. First is that it was already on our targets anyway, and then second is that we might miss a wonderful opportunity or it will take a long time again for us to see another opportunity if in case they still can repeat the history.

[justdimin]

So it will really be better that you should really know on how to set secure profit targets specially on the bull run period.

The importance of setting a target is that we won't feel pressure and think that we are still lacking of something. That way we can't do crazy things like investing on cheap/risky coins like you said earlier. Securing a profit target is also a must. First is that it was already on our targets anyway, and then second is that we might miss a wonderful opportunity or it will take a long time again for us to see another opportunity if in case they still can repeat the history.

Yeah, if you put a target in then you are going to get a good return and you will not be reaching anything further at all. I get that it will be a good thing and if we can make this work. I believe that speculators could do whatever they can, but we can see this changing for the long term and this is the most important part without doubt. Think about it, if you could invest and have a target, then until that target is reach then you won't reach at all that would not be the most important without a doubt.

So while we can do this, then we can see this growing until we sell, and meanwhile this won't be changing anytime soon, speculators could do whatever they want during short term, so that would not be the problem for anyone who is willing to do long term investment.

[STT]

Hindsight is 20/20 of course.  I knew all the details and the range bound action and all those detail; just one mistake I didnt think Trump honestly was going to return to power.   A close thing maybe but I thought it unlikely, my estimate is wrong mostly I think its the economy and giant inflation is bad reminder for people of 1980's terrible times.   Carter just passing away recently is a flashback to those days and why he was a one term president.   Even without the history, people were not happy and want change simple as that.

Speculators know one simple thing, we break resistance its like the dam on the hill breaking lose.   So the significance level is very high, meaning we should pay attention and when market gives the signal dont stand in the way of a bull run !