Quote from: kentrolla on October 06, 2018, 08:27:48 PM

Quote from: pixie85 on October 06, 2018, 05:37:28 PM

Quote from: Altero on October 06, 2018, 12:05:26 PM

Quote from: naturerock on October 04, 2018, 01:37:11 AM

I've started to see the hype forming myself. I have a few friends that are starting to buy bitcoin while the price is still cheap, they are confident it will be back over 20k within a short time.

Don't ever to expect Bitcoin price will turn back into $20K again as it hype last year.
We already saw green color on the market and prices seems to quietly moving up but isn't enough to say that it is on hype.

Usually people treat market as turning bull when the price rallies by 20% and the other way round a 20% loss in a short time means the bear market is coming. For the price to be considered bullish we'd have to go to 8500 dollars. Anything below will not be a clear indicator and can be a continuation of the previous bear pattern.

You just nailed it mate, as you have mentioned the users especially those who have less knowledge about crypto predicts a bullrun for little pump in the value of bitcoin and the same group of users create panic with posts like end of crypto bear market and all when the value drops for 3 continuos days. We need a strong signal and a consistent growth in the value of bitcoin in order to confirm the bull market.

And we haven't gotten both. So far there's been a couple of decent uptrends in the past but a few hundred doesn't guarantee there's a continuity. And thus time, i think it's not going to be the same as last year. If ever, not that many would jump on hypes this time. People will be a little more cautious will many selling with just a little pump.