Is the market experiencing a bullish trend right now?

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0xS4tMember
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#1Nov 7, 2017, 07:52 AM
There's a sudden uptick in the market, but honestly, I don't think it's gonna last long. Best to keep your cool instead of jumping into investments right now. Plus, steer clear of those meme coins and shitcoins since they're likely to struggle in this environment. If the conflict between Iran and the U.S. drags on, we could see a significant drop. What are your thoughts?
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quantumbearHero Member
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#2Nov 7, 2017, 08:21 AM
There was a time that metals like gold, and stocks are bleeding because of this war but bitcoin increased at the time above $75000. If we are in bull run, you will see bitcoin increasing during war. This war is not having effect on bitcoin like how many people are thinking. Let the bear market be over, bitcoin is just unstoppable.
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max.wizardFull Member
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#3Nov 9, 2017, 10:06 AM
I think we shouldn't look that much at such a small picture of the change in price. Just hodl through anything before you reach your goal if you are into big alts / BTC.
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sigma07Senior Member
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#4Nov 9, 2017, 02:06 PM
Even with that quick bullish turn in a day, that doesn't change the sequence now of the market. Because we're done with the bull run. But I agree with you that people should avoid the memecoins because they're quite risky and even on these times, you'll not be sure on how many of them are going to move a lot. But looking at this moment if we're already bullish, I don't think that this is enough to say that we'll see a change of trend because it's still staying in the bearish sentiment until we see the headstarter of it and that's bitcoin to move above $70k.
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0xNonc3Full Member
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#5Nov 10, 2017, 11:57 PM
That's good sight to see, but it does not indicate that we are going to see a long term bullish movement on the market. Maybe there's some demand came that's the reason why we have seen market moves up at the moment. So better don't get hype easily and pay attention well on the market also on the news if they are planning to buy and trade Bitcoin. But for me I'd rather buy then hold it for long term, since volatile movement of the market is tricky and any unexpected movement can cause losses. Also yeah we better stay away on meme coin and better invest it on Bitcoin, but if they want to diversify choose top alts since they are far more better choices than those meme coins.
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jake365Full Member
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#6Nov 11, 2017, 02:28 AM
I am throwing and educated guess that you are newbie because you are grouping random coins and tokens for 24h % changes to make assumptions. And i am not sure why are you warning about meme coins and shitcoins when they are part of your list. I don't believe that wars change the market cycle lengths, and this bear was coming without wars or not. They can however affect to global markets and how steep those dips are going to be. Thing is that this bear is still going to last, and some people see every retrace as a bull market. When you see green, it just shows that it's risen compared to where it was either 1 hour, 24 hours or week ago. That doesn't say anything else. And when price is fluctuating enough, it can be very misleading number compared to scaling back and and looking where markets are actually at. in short: scale the chart back to look 6 or 3 months.
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alexaltFull Member
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#7Nov 11, 2017, 05:59 AM
Whatever pump you see in the market at this period wouldn't last neither will it pump higher than $75k because that has been the resistance price for more than two months now. This is because we are in the bear market and that's how the price will be moving in a sideways direction till we see a new direction soon. The war is not affecting bitcoin price, this isn't the first war that bitcoin resisted. Russia and Ukraine war had no impact on bitcoin price too. I see the price normal.
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bull_cobraFull Member
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#8Nov 11, 2017, 10:02 AM
A screenshot can be taken every few seconds and start a discussion about the bearish season. And as usual, everything is a result of the actual ongoing war. I don't know how those persons are considering such facts because I am, like you and some others, not able to see the reason behind this kind of analysis. The price of bitcoin is stabilizing at the actual level +/-70K before the war started. However, some analysers see it as a long decline, not stabilization, fearing from more decline as a correction. I can say that altcoins always follow bitcoin, and in war crisis periods people always look for safe haven like bitcoin. This is why I can see this is the season to trust cryptocurrencies. Not to forget that this is not the first war bitcoin is facing.
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raven1337Hero Member
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#9Nov 11, 2017, 12:01 PM
Bro think we're moving back to the bullish while a simple yap from Trump is enough to reverse the market. You will never ever see the bull market again unless US will end their war with Iran. As long as US is still fighting Iran. There will no peace, and bullish will never come. The fact that bullish would happen when market has stability. A simple retracement was just the optimism of market if war would likely end caused by some news released related to the cease fire betweetn US and Iran. However, US is likely continue to escalate this war even far. So no more bullish trend this year. I say this caused by i try to tell you about the reality. A small retracement meant nothing.
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#10Nov 11, 2017, 12:31 PM
This is not a real bull market and those green you are seeing could be due to the spike in the price of Bitcoin. Bitcoin sharp movement is the only thing that will help the price of altcoins to start reading green with pluses that could make some people to think that the bull market is back. The bull market is not back yet and I think the only way we could confirm this is through seeing the price of Bitcoin hitting 100k. At least that will give us an assurance of the come back of the bull.
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quantumsageFull Member
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#11Nov 11, 2017, 01:04 PM
This is not a bullish movement, the market now often goes up and down and to be precise we are still in a bear market where the price of bitcoin is still falling, so it is certain that other coins will experience the same decline. There are those who remain calm --- there are those who continue to invest in bitcoin at a falling price, what is clear is that I avoid any memecoin because it will not be profitable in the long run, if memecoin is usually waiting for the hype.
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mike_defiFull Member
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#12Nov 11, 2017, 04:08 PM
The market is not bullish yet, we are still deeply in bear market and until the war in Iran ends and the world receives some positive news, I don't think we will see much bullish moves. The market lost close to 45% of its value from the all time high and have been ranging for long, until we see a clear break above $80k, I will not change my bias yet and will consider every rise as fake move.
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its_vaultFull Member
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#13Nov 11, 2017, 05:28 PM
If every investor were to invest in any little pump they see in the market, I wonder how many losses they would get to have before the bear market is over. This time of the market is not the time for any of us to have fomo of investment in altcoins. We can have that in fomo in Bitcoin, because it can bring many returns in the future. For altcoins, we can't be sure of the ones that could survive in this bearish market and bring many returns for the investor
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rocket365Senior Member
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#14Nov 11, 2017, 06:25 PM
Even without a war, I don’t think we should even invest in all this shitcoins and meme coins, and anyone that loves taking risk should only do that with little amount of money. I don’t even think the war is having much impact on bitcoin, because immediately the war started I was thinking we going to go below $60k but bitcoin have been above so I won’t really say the war is having much impact on bitcoin. But either their is war or not, memecoins are not suppose to be trusted, because they are just pumped base on hype, and we should know that the hype won’t be there forever, after some period of time the hype is going to die down, and the coin is also going to follow the hype. Meme coins are not even suppose to be used for long term investment because you just going to end up regretting at the end.
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cipher_pixelSenior Member
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#15Nov 11, 2017, 06:37 PM
After every 69k attempt, there's a pullback. Given the current complexities, it's better for me to stay calm and wait; I'm not rushing into any purchases. To hell with memes and other shit coins, we don't make money easily, and I don't want to waste time on such stupid things. It will take longer, but at least I'll take less risk, which is always the case. I've never chased a big jackpot all at once.
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D4rkFalconSenior Member
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#16Nov 11, 2017, 11:37 PM
Yes and Yes today IHSG or my country index is turned green after down four couple percent this year. Is this because Iran and United States the answer is YES even tho oil that through strait of hormuz only count 20% but still the domino effect is hit everything just like covid. Market crash is just like the usual news and God Damn why the f*ck those president want a WAR after the peace like this, what they want really?. For now is just simple bullish after long long red market I just hope bitcoin not down and hit 50K level
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bridge100Senior Member
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#17Nov 12, 2017, 01:20 AM
There are way too many people who are just not understanding how any market works. Not even just bitcoin or crypto, they literally have no idea how ANY market works, stocks, precious metals, like nothing. They see a slight movement and they are like IS THIS IT!!!, they are like kids who are on a ride at the car, keep asking "are we there yet" every 2 minutes on a 8 hour drive. Why can't they just understand that this is not what's going to happen, we should not realize anything like this to be the case and we should consider this not to be the situation. Learn to read the market better and you will do a lot better job but the reality is that we should not be considering how this could be a problem on the long run.
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im_tokenMember
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#18Nov 12, 2017, 05:59 AM
Yes ok, good point, many people really have zero patience, like always asking "is bull now?" after every small pump. This is not how market works, is not straight line up. Even in strong bull you have corrections, shakeouts, boring sideways, all this is normal. But I also think is not so easy for new people, they come from hype, from twiiter, they expect fast money. They dont understand cycles, liquidity, macro stuff and all that. Need time to learn, not everyone is a trader from start. For me I just look at bigger timeframe, not care about daily noise. If trend is higher highs, higher lows, then okay maybe bullish structure forming. But still not "we go moon tomorrow" thing. People shoudl calm down a bit, zoom out, and maybe stop checking chart every 5 minutes
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k3vin4peSenior Member
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#19Nov 12, 2017, 06:16 AM
As far as I know, this is normal in the market. Bitcoin might be in a bearish season where it's expected that the price will be ullish but that doesn't mean that at some point there won't be a dip. Even in bearish season like this, there's always bullish move as well. This is normal for the market to have correctional movement irrespective of the market trend. So, the bullish moment doesn't mean that we are now in a bull season.
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degen51Full Member
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#20Nov 12, 2017, 06:52 AM
Judging based on little push from the market is not always right to make conclusions because the market do bounce back after the speculations which means it was just triggered by something tangible that will fade away immediately, so going by the little daily Joice in your market predictions can get you wrong most times. Bitcoin price is yet to be stabilize same as altcoins price as well, they are still bearish in my opinion because most investors from the last two months are yet to be in profit, so it needs time to recover, and this is an opportunity for investors to bag more to their portfolios.
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