Hard Forking News and Tutorials about Bitcoin & Cryptocurrencies
  • Home
  • Beginners
  • Reviews
    BitMEX Review

    BitMEX Review

    CoolWallet S Review

    CoolWallet Review

    Trezor Wallet Review

    Trezor Wallet Review

    Ledger Wallet Review

    Ledger Nano S Wallet Review

    Huobi Review 2018

    Huobi Review

    Changelly Crypto Exchange Review

    Changelly – Exchange Review

    Coinbase Review

    Coinbase Review

    BitPanda Review

    eToro Review

    eToro Review

    SimpleFX - Crypto Trading

    SimpleFX Review

    Binance Cryptocurrency Trading Exchange

    Binance Review

    CEX.io Review

    CEX.io Review

  • Get a Wallet
  • Crypto Culture
    Crypto Art – The investment you need to know about

    Crypto Art – The investment you need to know about

    The Truth About Crypto

    The Truth about Crypto

    Bitcoin Music Videos 2019

    Music Videos of Bitcoin – The Good the Bad & the WTF

    Crypto Art

    The Art of Crypto

    The Carnivore Diet

    The Carnivore Diet

    Your introduction to Bitcoin

    Crypto Culture

    Hardforking TV Production Studio

    What has the Hardforking Team been up to?

    Hodler or Hater, Hardforking in Bangkok

    Hodler or Hater, Hardforking in Bangkok

    Altcoins, Love em or Hate em – Johnny Knows em

    Altcoins, Love em or Hate em – Johnny Knows em

  • About Us
  • Buy Bitcoin
  • Bitcoin Price Chart
  • Resources
No Result
View All Result
  • Home
  • Beginners
  • Reviews
    BitMEX Review

    BitMEX Review

    CoolWallet S Review

    CoolWallet Review

    Trezor Wallet Review

    Trezor Wallet Review

    Ledger Wallet Review

    Ledger Nano S Wallet Review

    Huobi Review 2018

    Huobi Review

    Changelly Crypto Exchange Review

    Changelly – Exchange Review

    Coinbase Review

    Coinbase Review

    BitPanda Review

    eToro Review

    eToro Review

    SimpleFX - Crypto Trading

    SimpleFX Review

    Binance Cryptocurrency Trading Exchange

    Binance Review

    CEX.io Review

    CEX.io Review

  • Get a Wallet
  • Crypto Culture
    Crypto Art – The investment you need to know about

    Crypto Art – The investment you need to know about

    The Truth About Crypto

    The Truth about Crypto

    Bitcoin Music Videos 2019

    Music Videos of Bitcoin – The Good the Bad & the WTF

    Crypto Art

    The Art of Crypto

    The Carnivore Diet

    The Carnivore Diet

    Your introduction to Bitcoin

    Crypto Culture

    Hardforking TV Production Studio

    What has the Hardforking Team been up to?

    Hodler or Hater, Hardforking in Bangkok

    Hodler or Hater, Hardforking in Bangkok

    Altcoins, Love em or Hate em – Johnny Knows em

    Altcoins, Love em or Hate em – Johnny Knows em

  • About Us
  • Buy Bitcoin
  • Bitcoin Price Chart
  • Resources
No Result
View All Result
Hard Forking News and Tutorials about Bitcoin & Cryptocurrencies
No Result
View All Result
Home News

Bitcoin and Crypto Price Surge – Is it time to buy or sell?

Sean by Sean
in News
0 0
0
Crypto Price Surge 2019
Share on FacebookShare on Twitter

Crypto price surge, what’s going on?

Here is the usual disclaimer. I am not a financial adviser and this is not financial advice. I do feel though compelled to comment on what I am seeing right now. I have been through these wild crypto price swings many times before, but for the first time in over a year, I see FOMO, the fear of missing out, coming back.

People who have not been in contact for a while are back and they suddenly want to talk about Bitcoin and Crypto. Lots of them!

With many of the Cryptos up 25% in under 24 hours, and with Bitcoin doubling in price within less than 2 months, who can blame them.

This is just a short article today because it is Sunday and Mothers day and my Mum is more important than Bitcoin. Bitcoin does, however, consume a substantial part of my life and I feel it’s important to get an article out today given the current price action. A few days back, I wrote an article about my amazement at the Bitcoin price surge given we had two very significant bad pieces of news.

One is the huge hack at Binance and the other the tether scandal. That amazement continues today. What I want to say is, you need to be careful if you are new to this space. Yes, the crypto price could continue the current upward trajectory, that is entirely plausible. Personally, I think we will see a pullback. My reasons for this are that the volume on the chain has not seen a huge increase in line with this price action. I think we are seeing a short squeeze where a large buyer or group of buyers buy up the market and destroy the people who have taken short positions. Short positions are where people are betting the price will go down. A whale buying up the market forces them to close their positions and this cascades the price upwards. The Whales, or ‘big buyers’ then often sell and the price returns to a lower position. That is just one scenario but one to be aware of if you are just about to enter the crypto market.

The news that Fidelity is finally entering the market is massive news and is a strong catalyst for upward price action and yes that could be a reason for this price action but I don’t think so. This week we are going to look at the fundamentals of the Bitcoin ecosystem and Crypto in general. The fundamentals are getting stronger by the day in Bitcoin and this makes me very bullish on the price. I am concerned however that a massive bull run is premature and would prefer a slower upwards movement. I doubt I will get that wish and I see a number of bull runs and bubbles as Bitcoin is building up liquidly and therefore stability.  Another bubble bursting wouldn’t be good for Bitcoin this year.

Crypto Price Surge 2019 - Click for Live View
Crypto Price Surge 2019 – Bitcoin Surges above 7,300 USD

Will Bitcoin crash?

I think the bottom is in! We tested the 3k level many times.  It does concern me that all the people contacting me the last couple of days still don’t really understand this space. They don’t know the difference between the different Bitcoins let alone the difference between Bitcoin and other Cryptos. With this in mind, we are launching a series designed to visually educate people on what Bitcoin is and Crypto in general. You can subscribe to that content here.

Be sure to subscribe to our newsletter, bringing you lots of inside knowledge that will help you to make better decisions.

See you tomorrow.

Follow @Hardforkers

Tags: bitcoin priceBitcoin Price SurgeCrypto PriceCrypto Price surge
Sean

Sean

My passions are Bitcoin, good Crypto-projects and media creation. I live and breathe this fascinating industry. Its my mission to bring you entertaining, informative, thought provoking content. I believe in Bitcoin. I believe many Crypto projects are just marketing hype. I strongly believe we need to find the facts, the good people and projects. Lets do that together.

Related Posts

Reviews of Blockchain Projects and trading cryptos
News

Reviews of Blockchain Projects and trading cryptos

October 1, 2020
Project reviews and trading competition. Which Cryptos are good investments?
Commentary

Project reviews and trading competition. Which Cryptos are good investments?

September 16, 2020
Technical analysis Bitcoin Ethereum and Altcoins – What do the charts say?
News

Technical analysis Bitcoin Ethereum and Altcoins – What do the charts say?

September 14, 2020
BitMex Leverage Trading

Trending on Hardforking

  • Tradingview Review for Technical Analysis

    Tradingview Review for Technical Analysis

    0 shares
    Share 0 Tweet 0
  • Bitcoin and Cryptocurrency Content Creators – Come Join Us

    28 shares
    Share 28 Tweet 0
  • Reviews of Blockchain Projects and trading cryptos

    0 shares
    Share 0 Tweet 0
  • Meet the Bitcoin Family

    1 shares
    Share 0 Tweet 0
  • Crypto Art – The investment you need to know about

    0 shares
    Share 0 Tweet 0

Buy Bitcoin From One of the Top 4 Currency Exchanges, Trusted and Used by Millions of People Worldwide!
Buy Bitcoins with a Credit Card

Sign up for our Newsletter

Meet the Forkers

We are a Global team of analysts, miners, traders, consultants, and content creators. Our mission is to help grow the adoption of Bitcoin, Blockchain and good Cryptocurrency projects.

A Hard Fork creates new coins and we want to create a new and better understanding of this fast-paced industry. If you’re here to learn how to buy your first Bitcoin, to debate technical subjects or want to help others learn more, there is a place for you. Come and join us! Be part of something that will change the way we all live. Let’s do this!

Participate

  • Buy Bitcoin
  • We are Hiring

Other Services

  • Privacy Policy
  • Terms of Service
  • Contact Us

Categories

  • Help for Beginners
  • Crypto Guides
  • Analysis
  • Commentary
  • Mining
  • Wallets

Resources

  • The Best Bitcoin Exchanges 2018
  • Top 10 Crypto Live Updates
  • Step by Step Guide to Coinmama
  • Technical Analysis
  • Crypto Tweets of the Day
  • Play Poker with Cryptocurrencies
  • Press Releases
  • Other Resources

Follow us on TwitterConnect on LinkedInGive us a like on FacebookSubscribe to our YouTube Channel

© 2019 Hardforking.com

  • About Us
  • Privacy Policy
  • Come Join Us
No Result
View All Result
  • Home
  • Beginners
  • Reviews
  • Get a Wallet
  • Crypto Culture
  • About Us
  • Buy Bitcoin
  • Bitcoin Price Chart
  • Resources

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In