Why Bitcoin Is Not Reaching $10000 ? Why Crypto Bull Run Is Not Coming ?

in bitcoin •  5 months ago

Why Bitcoin Is Not Reaching $10000 ? Why Crypto Bull Run Is Not Coming ?.png

Hello friends , I would like to write this blog in very simple words so everyone can understand why bitcoin is not rising and why bitcoin bull run is not coming till now .

According to charts and experience both says that Bitcoin should already be in bullish mode till now but its not happening . According to me the only reason that is stopping bitcoin and crypto market to be in bullish mode is “BITCOIN FUTURES CONTRACT “ BY CME AND CBOE group.

Make sure you continue to read this blog as i will be telling you some facts which will make you believe that everything is happening because of BITCOIN FUTURES CONTRACT …

Now let me show you some stats :

26th Jan 2018

CME 1st Futures Contract Expires and Bitcoin went from $13000 on 20th Jan to $10400 on 26th Jan .Big Fall in just few days as futures contract was expiring on 26th Jan so $2600 Fall . Big Pump to $12000 in next 2 days after contract expires .
1I.png

23rd Feb 2018

CME 2nd Contract expired and bitcoin went from $11700 on 21st Feb to $9350 on 26th Feb .
Fall of $2350 in just few days and then again big jump as soon as contract expires reached $10600 in coming 2-3 days .2I.png

25th May 2018

CME Future Contract expires and Bitcoin went from $8600 on 21st May to $7000 on 25th May .We Saw Big Fall Of $1600 in just 3 days because of CME contract expiration .
3I.png

And Now lets Come to present date

29 June 2018

CME futures contract had to expire Bitcoin went from $6700 on 21st June to $5900 on 29th June.Again big fall in bitcoin price as CME contract expire and now we see sudden pump where bitcoin trends at $6400 next day again .
4I.png

So All this clearly shows that Bitcoin is now like a ball which is being played by CME and CBOE group to make big profits .

Now let me tell you with experience these contracts are repeating patterns with reason and i can challenge on what i will tell you now .

These future contracts are making traders to get overconfident on their trades as the pattern is repeating again and again from last 6 months
now traders will get use to shorting their trades , they are trying to make them habitual that bitcoin will always go low when the futures contract will be near to expire but now as everyone is going over confident of themself now time is very soon when all trades will only go Long and everyone in market will start doing trade to short bitcoin but in real it will always increase , which will make traders loose big money now .

Till date traders have made good money while shorting bitcoin as it was getting very predictive and as now they are getting more and more confident to short bitcoin all time when near to futures contract expiry date . So for me game will change now and all these traders will keep on shorting for bitcoin and soon trend will shift only towards long and uptrend for bitcoins and this is how big guys of CME will become more rich and new traders will loose big money soon shorting bitcoins .

When will this start ? No one knows but yes it is very near for sure .

Whats your opinion about it let me know by commenting Below .

Thanks
Sumit Kapoor
@moneyguruu

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Sumit ji , INTERNATIONAL EXCHANGE www. cex.io REJECTED MY FIAT WITHDRAW TO MY CARD THOUGH VERIFIED USER OF THEIR EXCHANGE AND I USED TO ALREADY WITHDRAWN 2TIMES BEFORE , I GOT SHOCKED WHEN I SAW SUPPORT TEAM MAIL . SO SCREENSHOT OF MAIL SHARED HERE IN MY BLOG TO TAKE PRECAUTION
https://steemit.com/bitcoin/@bnbtravels123/international-exchange-ban-withdraw-to-indian-master-visa-card

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You’re right mate

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Gud blog bhai dil khush hwa apka blog trande pe dek k nice

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@jonny-clearwater first you need to collect some knowledge about Mr. Sumit Kapoor, who is he and what he do. He don't need to build his reputation, his reputation is already very high. He is a god father of lots people like me, he never scam anyone. Think twice before downvote anyone like Sumit Kapoor.

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flagged because your reasoning is obviously bullshit and you flagged because this is reasonable post warning investors and goes against the steem oiligarchs plans to dump on everyone

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I don't make shit up.
Not my fault you are unaware of what he has been doing.
My statement is accurate.
I would reconsider your flag, I don't make for a very great enemy on this platform.
(btw...I don't have an issue with the actual content of this post, just the users actions with community members elsewhere)

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you say this but there is no proof would be easy to screenshot claims

I would reconsider your flag, I don't make for a very great enemy on this platform.

i really couldn't give a shit see my posts, steem is controlled by scammers

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Aren't you a lovely addition to the community.

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its all a setup

at least 9 mill steem sold by steemitinc this year and more to come with powerdowns all the while the votes will be worth less and less

but the community is the important thing any value given is for the top holders who exploited system in early days

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I don't know man
I bust my ass on this platform, make a living from it and have nothing but love for our community.
Try not being so pessimistic maybe....
but you do you.
I hope you have a great day.

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lol

not a pessimist, a realist

bitconnect paid thousands of people did that make it not a scam

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lol jonny this guy just flagged me too out of nowhere i just noticed, for spreading "FOMO" by making a post which simply asks about what I saw as a 15 million dollar sale of steem on BitThumb and he just goes all crazy , now i see why, he thinks steem has "oligarchs" and that they have a plan to "dump" on everyone lol enough said , i was gonna explain how anyone on steem is lucky to get a dime if it want for whales but nevermind not in the mood tonight lol ima just chill and yeah dont fuck with jonny @isacoin ur gonna regret it man, he has fun flagging people and right now your just asking for it :D I hope isacoin has another secret alt account because only 150 SP and 500 delegated Sp is not much to fight with against jonny :D XD lol

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Meh
He's entitled to his opinion, even if it is retarded.
Just sad to see this kind of toxicity in a community I love and respect.

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Hey bro plz upvote my profile my repution so weak plz one upvote

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Agreed. I've read it all but still not sure "Why Crypto Bull Run Is Not Coming ?" and the summury at the end of the post with "When will this start ? No one knows but yes it is very near for sure" doesn't make the answer clear.

nice information

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Can you explain this bit more !

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sir
agar aap steempower rental pe lena chahte hai to
www.minnowbooster.net
pe jaye poori detail mill jayegi

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@minnowbooster se aap upvote bhi le sakte hai.

Ive been warning everyone not to get rekt in a short position yesterday. No body litens! Don't get stuck in fiat when this market turns either. You might never get back in again.

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I believe this is best time to get in and ride the bull

I think it will happen soon! Next step $100,000!!

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I will say i wish your words come true very soon :)

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M G good to see you reply in steemit to..........

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ONT and ZRX are very good projects for long term. if you have the patience these can give you multiple times not just percentage profits.

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I have followed you upon your Coin market thoughts.

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@sarah249 You are following good

InshaAllah bitccoin dobara say apny sab say high rate pa jay ga bohot jald .
and thanks for the information sir .

Yes Bro I am agreed with your views at some points. BTC futures affect the prices most. I hope your prediction for long come soon. Waiting for the Bull Run #HODL✌ Awesome post Thanks for sharing ...

☆ Follow ☆ Upvote ☆ Comment ☆ Resteem ☆

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Even i am waiting for the day badly but i have no problem even if it takes time as bitcoin always set up and platform before bull run ..

@moneyguruu
Well researched well explained with the charts about CME & CBOE its very true, and i agree and it is the reason why crypto is going down, still feel likes bitcoin can find bottom at $5200 in shortrun but for long term for sure i see it over $50000 by end of this year it is just a matter of some positive news like ETF ... lets hope for the best , will surly like to know your opinion on this buddy :)

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@bitcoinexpertind for me brother i have always predicted my call at this year end which is $25000 and i am staying with it even with bear market :)

Bitcoin is still going up, I think!

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I hope this is indication for next bull ride .

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Too I hope)

@moneyguruu Totally agree with you sir. Future contracts one of the big reason. I also believe that the big whales and big firms want to cover most of the shares of bitcoin that's why they manipulating the market. Anyways hope this guys will stop manipulation and we see bull run soon. Hope for the best.

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They want it and they will get it because we all always have lot of fear and insecurities in our mind which will allow them to concur this battle ..

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@moneyguru sir can sub be 5$ our dbc to 1$ ??

@moneyguru I think BTC has almost touched its extreme bottom level. Below this level, miner will get demotivated due to lack of profit. Institutional fund infusion in on its way . Expected the much awaited bullrun soon. Hope we can recover our losses very soon.

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Before the Bitcoin price surge, miners were paying for electricity more than the value of the bitcoins they were mining. That didn't stop them from carrying on in hopes of Bitcoin spiking at some point.

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Now they are paying from pocket to run those machines ! :P

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If institutional investors get in our field then we could not even imagine where our bitcoin will reach :) Hopefully to the moon :) @cryptokuber

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Yes btc ready to touch sky.....

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@lijo You will become spammer if you keep posting your link again and again and loss your reputation as well.

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As said above as well stop spamming else your repo will become 0

Why electronic currencies are influenced by news??

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Because we behave like kids as soon as news is out in market . As soon as they say we will be having big partnership we start buying and as soon as they say we are no more doing any update we start selling so we follow news and because of which whales take advantage and we are the one who always bear the loss.
@ahmedcation.

It is hard to prove manipulation. For all you know, it could also simply be less buying power than selling power that continues to drive the price down. Speaking of manipulation could well be a trumped up 'inner reason' to justify a certain event.

People love simple explanations and mostly want to avoid unwanted truth.

I am not saying you are wrong but accepting the simple fact that in certain periods there are simoly more sellers than buyers keeps one's head clear. The markets go up, the markets go down, in endless cycles.

I consider it buying time. And if the price goes down another 50%, it will simply be even cheaper to buy.

The green candle that is developing today, may be a sign that a small rally is upcoming. Lets see how that pans out over the weekend.

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My friend 80 % of bitcoin is mined now and none of people who are in loss are ready to sell bitcoin at loss .
And people who are holding it from years know its future well they don't want to sell either .

Only manipulation from these big whales and big guns are responsible for moment of bitcoin .
And for me before futures contract there was no issue in crypto market but now its been manipulated badly by these big guns .
@wekkel nothing agains your thought dear just sharing my opinion :)

It's sad to see how few groups can take away the beauty of cryptocurrency and put whole market in depression mode. Good post Sumit Bhai.

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Powerful people always want to remain powerful thy always want to dominate and they are doing the same in here ..

@Moneyguruu they all are manipulating the market since the start of the year and I strongly believe this is the case why bitcoin is not rising !!

Sumit I have found a similar platform from where our community can also earn money, since that platform is new so better chance of earning. Have a look at it

https://steemit.com/steemit/@aqreal/gese-platform-following-the-footprint-of-steemit-platform

Study my article and share it with your audience if you like it, the article is good it even selected for Daily hit-parade for newcomers - 2018.06.29
And is ranking #4
https://steemit.com/hit-parade/@arcange/daily-hit-parade-for-newcomers-20180629

Volume is also increased significantly. What I have observed that due to leverage and short selling market is impacted significant. Players with huge amount is buying a selling contract so that they will earn on both the future contract and in bitcoin.

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yes leverage trading has brought lot of changes in market ..

You cant rely on past patterns

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yes we cannot that is what i said people will see these patter and then will make habbit to short but in real time will come that only long will happen ..

@moneyguruu sirji according to me how black money makes reach people richer and poor people poorer same way futures is making bigshots doing futures richer and new investors and after new investors see the drop they want to sell and run away leading in price fall more
I believe for bull run to come 2 things are must 1) gud news in bitcoin market so which will make new investors invest and also change their mentality about bitcoin ban and all stupid stuff etc and they will hold long term leading to consistant price rise
2)point 1 should happen

Now u guys might be wondering why u didn't include futures in 1 of the points the reason it as that point 1 is strong enough t destroy futures as their control will become lesser and lesser and probably vanish in a month after facing huge losses how much they earned in 6 months they will all lose that lol

Upvote if you think I'm correct if u think I'm not correct please do let me know in reply maybe your opinion can make me change my views a bit Thank You :)

@moneyguruu , As per my concern, cryptocurrencies market is heavily depend on news also. If you observe then you can clearly see that for last couple of weeks were full FUD news like India's RBI crypto bannn news, Mt.Gox btc sell out etc. So it create a panic sell situation. Also some whales manipulate market. But people are educating in crypto, once time will come when people will don't care about those FUD. What do u think??

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I always say it is dependent on news,FUDs & FOMO but this futures contracts is 1 step ahead all this and it can be clearly seen from above charts as well ..

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@moneyguruu,, what is this futures contacts actually??

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@angeera1000 : A futures contract is a legal agreement to buy or sell a particular commodity or asst at a predetermined price at a specified time in the future. Futures contracts are standardized for quality and quantity to facilitate trading on a futures exchange.

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Thanks for answering :)

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@moneyguruu Many would think his/her question is silly.
But, we can only grow if we help others on our way..🙏🏼

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@allinone7 FUD and news also play big part like from FUD and news we short traders comes in panic but these big exchangers contract really play big game .

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100 % they do without a doubt but for me Futures is much more responsible !

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yes, i am agree with you,,
when bitcoin hike, many investors had bought on high price, they are waiting for increment of price and now whales are breaking their patience so that they sell their bitcoin at low price and people going to panic sell, whales are taking advantages of fear of new traders and those news.
they also watched the youtubers videos,,, i donot think , any youtuber prediction would be correct in last 6 month..

@moneyguruu I think you are right because I have made some losses on these types of habitual trades created in our minds by whales.

That is why, Right now I am acting just as a viewer, what about you??

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Simply take a leave from coinmarket cap and return after 4 months with pocket full of money :)

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yes. sumit sir. you are right.

nice article buddy..

WhatsApp Image 2018-06-30 at 10.55.44.jpeg

10,000$ on the way.......

You got a 27.05% upvote from @upme thanks to @moneyguruu! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).

in our community,
few people are done their job not all......
i hope this community family are active and then it become
WHALE.....
so please all of them will active....!

Screenshot_8.png

@moneyguruu
Even I feel that the market is being highly manipulated by them, but everything has a way. Soon Bitcoin will also find a way to the top without even giving a hint to anyone.
Things don't always go according to what we think, if that happened no one would lose. Thus this is the part of it..

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For me they will 100% follow the plan i shared above rest only time can tell ..

@moneyguruu When btc will be touched At?

you are so intelegent about crypto currency
i follow your tips

@moneyguruu thanks a lot to expose this strategy of CME AND CBOE GROUP. If the bitcoin becomes totally legal in india within 2 months then how much raise we can see in the price of BTC?

Good information but Bitcoin invest is high risky and high return.

@moneyguruu गुरु जी लोगों में डर हैं थोरा सा डाउन देखकर अपनी Assets को sell कर देते हैं,इसलिए Bull Run नहीं आ रही हैं |
कुछ समय के बाद आ जाएगी |

followed, upvoted and commented
please do the same for me.
Thanks

Sumit Sir i have upvoted you, Please help me to grow..

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you have repo of 10 clearly shows you are not following steemit rules ..

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No one can control it brother but whales are controlling it badly @mnidkyfc .

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Its a decentralized currency so no country has power to control bitcoin @mnidkyfc

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talking about manipulate ,a news come than china is doing so

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China is mother for crypto so they always play there games

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@moneyguruu If Bitcoin is decentralised Then HOW whales can manipulate this market. Please provide some info about this

i didn't think that cryptocurrency will grow in month of july , everything is depend on court decision, and yes government will not ban any btc, ltc, eth or any coin ,
well many contract had been expired is major fall for btc.
and there are large amount of btc holder in india, and they are panicking and selling btc
Thanks for sharing this info, hope some people understand and hold their
btc.

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India decision on bitcoin will not impact its growth as its global digital asset not just indians are involved we are only 1 % i will say rest are globally .

So is this the right time to buy some bitcoin??@moneyguruu

I do still beliefe on this platform would raise again

Posted using Partiko Android

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Which platform steemit ?

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Yes i mean steemit guru. Ty guru 🙏 teach me how to dream on steemit..

Posted using Partiko Android

ofcurse this is the reason

It is declining because many whales want to grab them at cheap prices, but look at the market the value of Bitcoin is not crossing more than 7500$ market. Still, we don't have any idea when the bull market will start tickling. @cryptogeneral

@moneyguru sir i think bitcoin will break own ATH in around 2019 end .. till that it will slowely go in upward trend

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for me i feel it will reach all time high in 2018 itself ..

you are right sumit sir.Sir, you have always told us the right reason. And probably due to this the btc is not growing. Now let's see how long it will last

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Long for sure but it will be back again for sure .

@moneygurru bro, i'm just waiting your updates when will you explain what happening in the market. just in few hours bitcoin fall and few hours bitcoin rise. same happened in today morning when i open @coinmarketcap and i was surprise to see the total Market cap $234,009,962,854 which i seen in last night and then sudden in the morning its go to $256,966,962,684.. yes you are right market is already in bullish behavior. thanks for share info about bitcoin.

This pattern will continue for few months too

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will have to see and wait for time ..

@moneyguruu when Bitcoin reach to 5700$ everyone is talking about btc that it will go towards 3000$ now but the reality is it cant go down more than its present minning rates.......

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Sorry your info is not correct it can go even to $1000 it all depend on market situation and market demand but i don't think it has any chance to fall to those level ..

Focus should be more on Blockchain tech application to simplify and enhance business models.the hype on Bitcoin price or trading should not take the front seat.since Bitcoin last bull run to 20k,the market is yet to recover with more and more traders losing funds.CBOE did say it will tame Bitcoin sometimes in Nov 2017 https://www.coindesk.com/cme-groups-leo-melamed-well-tame-bitcoin/
That's exactly what we are seeing.so I quite agree with you

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Dec 2017 is when Bitcoin futures was launched and it is the biggest game changer in term of bitcoin movements nowadays .
But yes as you said price should not be the criteria to rank it ahead but most of people and investors just came in for quick profit which makes it looks dirty sometime as no one focus or talk about technology but its price ..

Great analysis sir & thanks for the information

@moneyguruu waiting for a very long time, although I entered late but I had never seen a uptrend and still it holding with a hope.

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no need to worry things which go up goes down as well and if it has potential like bitcoin has it will move up again .

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Its Eth @600$

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Sneaky Ninja Attack! You have just been defended with a 14.60% upvote!
I was summoned by @moneyguruu. I have done their bidding and now I will vanish...

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BITCOIN (BTC ) $6,416.89 USD (8.30%)
Bitcoin coin price is up slowly but bitcoin reach 60000$ dollar in next year .

Thanks for clarification in such simple way as we the almost layman also can understand the reason for this strange nature of the market
Upvoted your Excellent post , hope you will also Upvote my posts and comment on them. I am following you .

You got a 20.13% upvote from @postpromoter courtesy of @moneyguruu!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

Sumit sir what is your dec 2018 pridiction. ?

@moneyguruu Staying long in market is a good thing but some time you need to take out your profit or your profit gets converted into loos when market falls and u have no option but to stay invested.

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that is why i always say take out profit partially all time ..

Sir Bitcoin or niche jayega ya bade ga?

Bull run not coming but market is pump why sumit sir?

nice this post and news !

Bull run are waiting Bitcoin Price near $5000 after that Bull is coming according to some report sir

I think Bitcoin is more manipulate by the whales rather by CME

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For me CME is the biggest whale and game changer in crypto field .

But Sir, I've a doubt in my mind.

All advisors, when they shares charts with us, forget the method of News (FUDs) and on another side... when something run "Negative" in News, they avoid charts.....

If you have only one choice, Please choose one between both of them -- Charts or News.

@moneyguruu your right brother. Who have the patience to wait without insecurities can earn profit from trading. People only get insecure when they don't have more info about that. And your the one who is providing the info by this many can be saved from getting there loss.

This post has received a 11.93 % upvote from @boomerang.

Do you think 25k$ bitcoin price is still possible by end of this year?

Once the Indian government give us a good news to regulate this cryptocurrency then we can see a little boost within this year or else it will take some more time to reach it's ATH. These guys manipulating the crypto price I know that. What should we can do. They are the whales. And I know they will soon stop this manipulation. But crypto will not going to be zero.
Crypto will here to stay. I am very much confident.

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It will be very simple little good news from here little from there and like that we need about 10-20 news and we will see market turn into bullish behaviour .

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Can i know what you learned from this post dear ? So i know if you learned something or not ?

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@moneyguruu
Where are flowers.there are thorns too. This article gets lessons. Traders should understand the market before trading.
New and old traders should see the news.Keeping news is very important for the trader.
And don't panic ,don't sale
Do not give them the opportunity to take advantage of them
Thank you so much that you've taken the look at the traders
(Am I right?please let me know)

This post has received a 39.54 % upvote from @booster thanks to: @moneyguruu.

Is bullrun come in July aug or November December?

@moneyguruu I think future trading should be removed. and bitmex also. hope bulls are coming

@moneyguruu sir you explained very well by chart. I think now CME group will go for long trade and that will pump the market. I am hoping for same boom like in 2017. Do you think that 2017 boom pattern can come now in coming months?

You give very nice news. I am dependent on your news

@moneyguruu, These are the games of big players here. They spread negative news and bring the price down. They buy in dip and takes the price up. This is normal really and if we are to succeed we need to think as big players do, never be greedy and sell at the right time. Patience is a must.

According to this chart July 6th is near and targets near 8500$-8800$. Need to cross above 6800$ with volume to break falling wedge pattern and confirmation start of new rally towards 10000$.

We will keep you updated. 💰 💰

When the bull run will com, i have invested a lot of my hard earned money @20000 $, since then market is in barest mode.
What to do please suggest.
Thanks.

@moneyguruu pls inform all subscriber bull run start part 4 suggest.....

Amazing study on market.....i agree with you sir.....give us some tips and tricks....how you study market....

sumit sir you are really great which thing no body could not thought that you say in simply word

do you think this is the ONLY reason of why bitcoin so low price?
i belive there is some another facts. have a great day.

If this is happening then how institutional companies or traders come in market?

Plz answers

Bitcoin is fluctuating a lot. Stability of Bitcoin is unconfirmed. We need to get Bitcoin stable first and in comming month bitcoin to move slow and steadly towards 7500$. Do not get panic guys Bitcoin will again reach it's ATH in 2019.
@moneyguruu

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Slow and steady is always better !

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Yes. I just want to convey my message to those who comes into FUD and sell their crypto assets at loss. Me and @moneyguruu message is the same. Just have patience to have long term gains.