Topic: $250 billion rebound (Read 291 times)

This is really a price adjustment before the big growth of the market. I think in the summer we will see stupendous growth! It seems to me that the market is just now open to new investors, so now it is imperative to invest!

Hopefully $200-250 billion will be the floor

If the crash in 2014 was anything to go by we should be close to the low point now which means a rebound is due soon

I agree with you, maybe this is the cleaning phase of all shitcoin in CMC. after bitconnect was killed in a pathetic manner. now I think there will be some altcoin that will fall very deep. but I am still optimistic something big will happen in the next few months.

I've been thinking about the futures market and what impact it has on the price, it doesn't quite have the volume right now for huge impact but it has enough to create fear when we see people bidding futures in at $5000, OKEx just rolled back a bunch of transactions due to futures being put in so low, here's a link:
https://www.coindesk.com/crypto-exchange-okex-to-roll-back-trades-after-irregular-futures-plunge/

here's a screenshot of the futures plunge:


Really not a fan of futures myself.

cleaning ? i do not think so,
in my opinion right now we're more likely creating an opportunity for a new investor or adopters.
from my perspective,right now we could not push the price more than its peak because of demand.
the price went up significantly because of new people hyping it and reaching an euphoria state.
(price went down because it want to create a healthy state)
in other word we are looking for more demand other than cleaning the alts.

I don't see this as a clean out of garbage coins, but some useless alts are definitely getting culled which is good. Overall though, it's just a normal occurrence after such a bull market that took BTC's profits to 20 fold within a year and 50 fold within 2 years. That had to come to an end at some point.

We are at that point already.

You could be right about the rebound at $250 billion, but personally I think that's just the temporary support. If bitcoin continues its way down which I think it will it'll drag most altcoins down along with it as well.

Realistically, I think we'll probably take another few months to bottom out at around a $150 billion market cap, and then in the next two years gradually build up a slow bull market again. I just think that $250 billion is still too high.

This is very bad but i believe that these bad days will pass. And market will recover. Until the end of the year market will reach 2500 billion dollars.
I belive that. Don't worry. In long term we will winn and will laugh for these bad days. These days are experience for us.

The total market capital depends upon the price of bitcoin and any good rally could take it to a billion dollar within no time, i could not find any particular negative news to see this negative market but yet the price is going down, are we seeing this price because of the future market or is the because of the financial year end, any good rally from now can take the market valuation over a trillion dollar, last time we were close in touching the trillion market.

Could be May or June. Sounds realistic. I think by then week hands are gonna drop their money and we are good to go.
Some of the coins won't survive, but some of the rare ones will resurrect.

I don't know but I think people now have a clear picture of the role of Bitcoin in the space, I do agree with  you that some of these shitcoins will die and I pity those that are holding them because they would turn to bagholders, this is why one need to think clearly about the projects one is going to invest into when the trend changed

But the problem here is 90% of the coins we are seeing here are shitcoins. Recovery might be fast but new money must enter cryptop markets else we will continue to see the downtrend like this. I think May or june is when the new money enters.

yeah you are right a shitcoins will never survive in this markets conditions
and i hope you are right in 250 billion marketcap will rebound and being doubled in april 

As like you everyone expect to the market for this trend only but what to do you will find this value to reach in this coming October or after that mate. I just checked the coinmarketcap.com again after seems this image.
It states bitcoin has been a market topper still and the marketcapital is around 253 billions now.
Being patience will be right move we have to do by the bitcoin bro.

According to this month last month, I am deceiving myself that we are in a good state of lie. 

oh that was still good times

100% right . These whole joke coins are not good for the market. that has made many problems . why are there so many stupid people investing in shitcoins. ?? Cryptocurrencies: 1594 / Markets: 9886    No one needs so many coins. there must be 50% once gone  
NOW = $252.466.086.639

I'm not saying all alts either, to look at it from an individual impact, as this is really what drives markets, the shit coins and hyped coins bring on a lot of the gambling/no idea type investors, either investing due to hype or investing due to low price entries etc.

To take Eth as an example, it's a very good project but it's also one a lot of the clueless people invest in to, every time we have a market swing these type of people are the first to go, the people who actually research and invest have a lot more faith and are more likely to continue holding, better investors usually, it's why the drops on say Eth and Neo shouldn't be a big concern long term, they're both solid but also full of clueless people (and smart people of course), once they are weeded out the potential is huge again.

Whales are also having some impact around the price swings, maybe only a small % but they are wise enough to realise the impact each dip has, not only can they benefit from a small BTC gain but they are opening things up a little more over the whole market, it's why I look at the total cap when thinking about whale purchases.

It's interesting to watch the BTC price change in relation to the total market cap change, it's starting to shrink a bit now which is a good sign in my eyes.

not a bad way to look at it but I don't think it's happening to kill alts as they will rise again once market is little more stable. This has more to do with fud and all other rumors.

I'm hoping BTC doesn't fall under $6k. If we can hold above that, I'm pretty confident in a strong rebound in the market.

It's a massive clean up. People have fallen for shit coins and they aren't anymore. I feel like the projects with value/usage are holding well in value. More money will flow into them instead of the shit coins. It's good overall, despite the massive losses in my portfolio.

But today bitcoin alone move up with 45 percent of market capture buddy. This is actually good for bitcoin alone but I am not sure we may find all the alts vanished out because of this price dump in the market bro.
Market capital may decrease because of the newbie whale investor's panic move on selling it. However, the bought cryptos will saved and settled in another so we will find the demand and supply for all the top notch cryptos so with in 2 months we will find the peak of bitcoin again.

I think this is the biggest correction since the beginning of 2018 and the Cryptocurrency market will rebound in May as most other financial markets are in crisis and this has a huge impact on the market. Cryptocurrency. The best advice would be to wait for the market to recover completely to consider buying and holding

I hope your scenario plays out, it's tiring seeing copies of other coins every day.
And even more tiring to see people buying into them.

Thats true actually, this can eliminate the shitcoins.
If you look at the past, this is a similiar movement, so we have to wait until May/July.

Well for me as long as we don't see any reversal on Bitcoin chart the market will continues to down because there are possibilities that Bitcoin price will hit around $6000 to $3000 and we all know if that happen altcoins will follow and a lot of people right now are panicking but I know once this bearish completed we will see how high the market could be reach.

Bigger and better you say. Don't know with all those BTC futures out there. Rebound window seems to be very limited now between contracts

There are too many factors affecting the price, but I think the rebound this time around will be bigger and quicker. Bitcoin is almost mainstream now and is certainly much more well known. When the price starts to climb fomo will kick in and the buyers will be back

So I was sitting here watching binance and as we got to 252 billion, some monster buy orders went in for BTC and now we're climbing back up again.
Whale games or just bagging a good deal I wonder...

Cryptocurrency is based on technology and it will drive the price because if the dev is not at all responding and not updating anything then it will always lose the potential in the market. Already there are many coins like that before ICO they promise we are going to develop bla bla bla but at last no developments, this makes to lose its value.

I think this is a price adjustment before the beginning of April recovery 

That's better. lol. I mean there are really altcoins not really losing lots of value but may soon be dead, I guess because dev has abandoned his shit coin which technologically weak to say so.

Do I really need to explain what I mean by dying? come on..
"Losing lots of value"
Is that better?

which altcoins have died? Have never seen one die before thats all 

So I'm speculating on things here, but why not..
I'm viewing this current phase as a clean up of shit coins in the market, many of the useless alts are being killed, but if I look at some of the low value projects which offer a lot they are holding strong in sat value, I think the whole idea of this down shift is to basically weed out the garbage and open the whole market back up again where the good projects will regain momentum.

I'm not sure where this bottom is, but I think $200-250 billion isn't a bad spot if we predict a longer term 800 billion to 1 trillion market, call me optimistic

We are now sitting at 256 billion as I write this thread, in the past I've noticed the market turn once it hits total highs then rebound once it hits total lows, does any one else have this view or a similar one about this being a clean up process? If this is the case, I think looking at total market value could give an indicator of when things may turn again.