Are we going to recover or continue to dump? - page 14.

Mahanton

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Quote from: wxa7115 on June 28, 2022, 01:11:12 PM

Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

I think for now the most likely outcome is that we will continue to see a ranging market for some time, the price has already decreased a great deal from the all time high and there is not really a lot of interest from the bulls to try to push the price upwards.

So the most likely outcome for the next months is to see bitcoin moving around the 20k level, and about what it will happen after those months pass by it is difficult to predict and it will depend on how the economy is doing at the time, however it is possible we could see a further decrease in the price of bitcoin, and while this may be bad news for some, for those which have some cash available this will be yet another opportunity to buy bitcoin for sub 20k prices.

The hardest time on making out decision is on the time that the market is really on that ranging or moving sideways condition which it is really hard to make up some position whether you would go for long or short
but if you are going for long term then it wont really be that an issue for you to make out some accumulation with the current prices considering that we are on deep negative percentage if we do compare it on ATH
which is already a considerable factor for you to get in but if you do go for shorter trades then you would be mindful on positioning yourself because you cant really just make out some actions without having any
basis because price could drop even more on the time after you had positioned yourself which make things normally been hard for us traders or investors.

GeorgeJohn

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Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

about some weeks ago, cryptocurrency were in a state of Flux which it affected all the cryptocurrencies. I believe that since three days now the price regulations is partially stagnant to the values of twenty thousand and twenty one thousand (20k/21k). So it seems that it's holding strong and about to retrace market.

Since the price stamped to the values mentioned above, it's a sign of cryptocurrency ready accelerate, which is not yet to be confirmed. And it's another opportunity to people who wants purchase cryptocurrency for a reference time and purposes, because when it increases in value people who purchased this time will make it.

wxa7115

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Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

I think for now the most likely outcome is that we will continue to see a ranging market for some time, the price has already decreased a great deal from the all time high and there is not really a lot of interest from the bulls to try to push the price upwards.

So the most likely outcome for the next months is to see bitcoin moving around the 20k level, and about what it will happen after those months pass by it is difficult to predict and it will depend on how the economy is doing at the time, however it is possible we could see a further decrease in the price of bitcoin, and while this may be bad news for some, for those which have some cash available this will be yet another opportunity to buy bitcoin for sub 20k prices.

virasisog

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Quote from: AakZaki on June 28, 2022, 08:35:29 AM

Quote from: livingfree on June 27, 2022, 06:29:09 AM

Uncertain.

That's always the keyword in this situation. We don't know if the correction was already done or if a sudden trap will arise and we'll be trapped.

~snip~

No one can confirm that. So far I think the worst price is $13K-$16K, it's just based on the cycle that happened yesterday. I think if this cycle is still agreed upon then we will go back to the moon. Although I also know that the global economic situation is not good. There is a lot of bad news from the crypto world, such as Luna/Terra, then the hot one is Celsius, which filed for bankruptcy. But I know by heart with this situation, asset theft cases, many crypto cases that appear but especially BTC crypto can always return to new ATH.

The global economy is still not in good shape and that affects a huge number of investors which also has a big impact on the market situation. I guess if the economic crisis wouldn't get better, the recovery season of crypto will take time. We better see this situation as an open opportunity for everyone to buy good coins while the market is still crashing.

AakZaki

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Quote from: livingfree on June 27, 2022, 06:29:09 AM

Uncertain.

That's always the keyword in this situation. We don't know if the correction was already done or if a sudden trap will arise and we'll be trapped.

~snip~

No one can confirm that. So far I think the worst price is $13K-$16K, it's just based on the cycle that happened yesterday. I think if this cycle is still agreed upon then we will go back to the moon. Although I also know that the global economic situation is not good. There is a lot of bad news from the crypto world, such as Luna/Terra, then the hot one is Celsius, who filed for bankruptcy. But I know by heart with this situation, asset theft cases, many crypto cases that appear but especially BTC crypto can always return to new ATH.

_BlackStar

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Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

This market is very volatile right? So it's always possible to get one of these and it's just up to you which one comes first. I think it all depends on how traders behave in the market because if the selling pressure is higher than the demand then the price will down again. It's true that there is belief among traders that the market is recovering after bitcoin hit $17.7K a while back, but we never really know if this minor recovery is a confirmation that the low is no longer being touched.

Until now I still believe that the bitcoin price or market cap can still drop lower as long as the bitcoin halving has not occurred. This cycle seems to be repeating itself and this is the reason why I think the price can still correct this year into next year. Lower price than $17.7K are still possible, so don't be greedy and invest what you can afford to lose.

justdimin

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Quote from: Oshosondy on June 27, 2022, 02:24:53 AM

It is just like life, it can not keep raining, sun can not keep shinning, that is just how crypto market is, it can not keep being bullish or keep being bearish. I do not know how long this bear market can last, it can be throughout this year, or maybe not. But for long term holders, it is worth holding bitcoin by now because falling from ATH of $69000 and presently at $21000 is a huge drop. Let us expect bull time to come again.

You have said it the best. I have been in the crypto world for a long long time and I have never seen someone that explain it as clearly as you did, it’s like you would be able to explain it to a 5 year old with this example.

Yes, it will not keep going down forever, and yes it will not keep going up forever neither, eventually it will start to go back up again after this big drop, and it will start to go down again after that as well and we will have that cycle forever. People do not realize that markets are like this in every asset, it is not just crypto that goes up and down, every single thing that you could invest into has that up and down situation going on.

tvplus006

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You should have 2 work plans in case the market continues to fall or turns bullish. And if the market starts to grow, you will need to move along with it and already purchased coins, but for this you need to buy coins now. And in case the market continues to fall, you will have the opportunity to buy coins at a lower price and average your position.

Rigon

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Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

The cryptocurrency market is now completely out of control.Everyone is very frustrated with the current state of the market. People are afraid to invest now.No one can accurately analyze where the market is heading.Many are saying the market will be dumping a lot again.Hearing that, investors have moved away from investing.I can tell from my experience that the market is good but we have to wait a long time.

traderethereum

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Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

The current state of the market is uncertain and can go up or down.
If there is a lot more negative news about crypto or due to the downturn in the world situation, it could affect the crypto market.
No one knows if we will see a recovery in the crypto market or if it will get another drop as the crypto market is unpredictable.
But I see right now that the crypto market is on a downturn, which could be a good time to buy bitcoin and other coins.

rozak

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Quote from: LastKiss on June 28, 2022, 04:19:40 AM

Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

Well, a little gain maybe in this year but we are still not in a bull market for this year in my opinion. Since there's a lot of negative impact from many sources so I won't expect anything good for cryptocurrency this year. Since the price still low just use this opportunity to buy more rather than waiting for a bullish market which means more higher price.

It is feared that the current market position is confusing to make a decision. we are still not safe from a correction, some market watchers say we will be in a bear market for quite a while. recovery will not happen in a short time. a small pump and dump situation will occur frequently. we use it to our advantage.

LastKiss

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Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

Well, a little gain maybe in this year but we are still not in a bull market for this year in my opinion. Since there's a lot of negative impact from many sources so I won't expect anything good for cryptocurrency this year. Since the price still low just use this opportunity to buy more rather than waiting for a bullish market which means more higher price.

Kimonoe

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we see that some altcoins have increased, but what we don't know is whether this is a price reversal or just a price correction to fall even further. therefore we prepare a strategy in case of a deeper decline by setting aside capital so that we can buy it back. at least for now as long as bitcoin is on the rise after touching a price of around $17k followed by an increase in altcoins

suzanne5223

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Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

Is cryptocurrency going to recover from this dump price, yes but it will take some time because we're in the bearish season for the market which is also the season of investment in potential coins and I will advise you to every false statement made about the crypto market because this is also the season some influencer used to manipulate the market for their own profit.
If you choose to invest, go all-in on Bitcoin because some altcoin won't be profitable after the bear market end.

Poker Player

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I am a little concerned about what is happening with Celsius. I think that if it finally declares bankruptcy the price could go down quite a bit. As far as exactly no one knows but I understand that the $10k support would be very strong, and it probably won't even get that far down. If it doesn't go bankrupt, the worst is probably over, but I don't see a clear rise in the price for the rest of the year.

tranthidung

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Dump or correction? They are different viewpoints and it is related to your approach, your belief in future of Bitcoin.

If you think it is a correction, so is it a matter that at what price you buy it and you believe in future, Bitcoin will reclaim its 2021 all time high and even will make new all time highs that will be higher than $69,000? It is not a matter if you buy it at $20,000 $17,000 or $15,000 or even $10,000.

If you think it is a dump, that means you don't believe in Bitcoin, in its future. You think it will fall lower and lower and lose its value. So it does not a good choice to step in at whatever price, $20,000 or $10,000, it does not worth if you have this viewpoint.

gunhell16

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Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

Some of the other crypto so far got pumped their price, just like what happened to Lunc(Luna) from 0.000058$ now its around .000088$ if I am not mistaken, though obviously it was just a pump only,.. what else? Matic(polygon) is also good to buy now while its price value was below 1$ something like that even in Ethereum it is timely to buy them now also then hold.

Strongkored

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Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

it looks like the decline is not over yet, there is still a decline that might be surprising, as long as you believe that Bitcoin will go back up then that's not a problem, it will be a problem for speculators who have bought at the current price and it turns out there is still another decline. The crypto world will always be like that there are times when prices will continue to fall but that is not the end because the market will improve and prices will go up again

adaseb

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Well one way to think about it is this way. When we were at $30K a few weeks back. Many people were still bullish and were expecting a new ATH this year. Then we broke $20K and its complete opposite now.

Everyone is bearish now. People are calling for new lows or $10K bitcoin. And many people are saying bitcoin is dead. Usually when this happens, it marks the bottom. However the issue is with inflation now. If inflation keeps going up then we will need to be careful buying bitcoin because it will keep dipping with the stock market correlations.

I wouldn't buy until inflation numbers start to drop.

kawetsriyanto

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Quote from: Mark301 on June 27, 2022, 02:03:06 AM

What are your current opinions on the cryptocurrency market?

No one really knows what to happen, crypto market is unpredictable.
But personally, I think crypto market will experience the same cycle every 4 years. So, crypto market probably recovers in 2024-2025, that's what in my own analysis and stated by many people as well. According to this consideration, I assume we are still going to experience more dumps. But I don't know how far the next dumps to happen. There are several things that are difficult to know, ex: about the possibility of BTC ATL (all-time low) and which month will be the biggest dump in this bearish period.

Always trust your own prediction! Wink

Topic: Are we going to recover or continue to dump? - page 14. (Read 3503 times)