Crypto Crash Incoming? - page 3. | Bitcointalksearch.org

cryptomaniac_xxx

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Quote from: OgNasty on October 05, 2022, 04:34:45 PM

It's starting to feel more and more like we aren't going to see a big crash. Mining profitability is starting to creep back (not quite there yet) and we're passing through the danger zone as far as the 4 year Bitcoin cycle is concerned. It wouldn't surprise me to see a rally here where pretty much the entire market jumps up 50%. I think the only thing that's holding everything back at the moment is capitulation from miners who are throwing in the towel and the big unknown of what will happen when the mtgox coins hit the market.

Yeah, the hashrate even goes up in the last couple of days, and then moving bitcoin around is quite cheap, (less than 1$). So we can fly by that danger zone right now, if miners will make some profits and not break even just for mining bitcoin.

I doubt though that a 50% rally is going to present itself, maybe just a few bounce here and there and the end result is we are going to trade sideways. What surprise me if the price goes up like to $30 at the end of the month.

OgNasty

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It's starting to feel more and more like we aren't going to see a big crash. Mining profitability is starting to creep back (not quite there yet) and we're passing through the danger zone as far as the 4 year Bitcoin cycle is concerned. It wouldn't surprise me to see a rally here where pretty much the entire market jumps up 50%. I think the only thing that's holding everything back at the moment is capitulation from miners who are throwing in the towel and the big unknown of what will happen when the mtgox coins hit the market.

Slow death

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so far the market is going through a lot of uncertainties and the price of bitcoin is not managing to stay at least above 21000$ and at this rate it is enough for it to fall to 18000$ and people panic and we will see a deeper price drop and scary and it could even drop to 14000$, but that will only happen if the price drops below 18000$ to 16500$, for now we just have to be patient and observe which direction the price is going, I particularly if I saw the price to fall a lot, I would take this as a good opportunity to buy, I'm even accumulating money so if the price drops a lot I buy, I gave bitcoin case example because when bitcoin price goes down, it carries all altcoins together, so a bitcoin drop to 14000$, we will see a big altcoin drop

Silberman

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Quote from: BobK71 on October 03, 2022, 01:17:21 AM

Quote from: mindrust on October 02, 2022, 11:07:59 PM

The current weather is not in favor of crypto that's for sure. Inflation is not stopping which means the interest rates will keep rising. The money gets more expensive to borrow which means less money will go to risky assets like crypto. You don't have to be super smart to tell what's happening and what is likely to happen in the future. It all depends on the FED's actions and they won't be slowing down any time soon.

When interest rates rise, the investment will fall. And in this situation, nothing can be done. Moreover, various US organizations say that the world economy is heading towards a recession. Considering this topic, it is clear that the crypto can move to a lower position. At least we'll have to wait until early next year to figure it out.

The recession has just begun and the worse things are about to happen. The inflation crisis is unstoppable so there's a huge possibility that its effect on the crypto market is negative so we can expect a huge pump for now. The market will always be affected by the negative criss that could happen around us and if the recession period would get better, that's the time that the market can recover as well.

I also think the worst is yet to come in both the economy and the market of cryptocurrencies, so with this in mind it is necessary that we begin to take steps to protect ourselves from what is coming, the most important thing to do is to pay whatever debts you have, I know this is not easy especially if you have yet to pay your mortgage but if possible it has to be done or there is a real risk you could lose your home during the next years.

newdevices

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I don't know if this is related or not but I think crypto will also be affected. Some media broadcasts that we will enter the 2023 economic crisis and the worst is 2024. I think the impact on crypto will also be felt considering we still need fiat to make transactions here, maybe this will also have an impact on the destruction of crypto itself.

I'm 100% sure if the world really experiences something like you said in 2024 it will get worse,
then crypto will not be destroyed but crypto will really have a value that you will never understand.

rhomelmabini

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Quote from: Editbar on October 01, 2022, 09:21:32 PM

I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.

I tend to disagree, it's still on the grey area this time and there isn't clearly good patter to know when we are going. I think it may fall between $14k-$15k but that's just my wild guess and what I can catch if it goes down once again, just ready on the possible scenarios.

isaac_clarke22

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Quote from: Baofeng on October 02, 2022, 03:19:16 PM

~

This was what I was thinking. Haven't we already? I would not call it crash though since it is kind of giving me the negative vibes in the market. I would just call it "bearish season".

As of writing this, Bitcoin is now above 19k, so maybe that's it now? It is still stabilizing around that price, so I guess we have to take as much Bitcoin as we can before it goes up again. That 2020 year crash was my my expectation that Bitcoin will be adopted a lot since personal transactions aren't a thing for a while though I was wrong.

Emitdama

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Quote from: mindrust on October 02, 2022, 11:07:59 PM

The current weather is not in favor of crypto that's for sure. The inflation is not stopping which means the interest rates will keep rising. The money gets more expensive to borrow which means less money will go to the risky assets like crypto. You don't have to be super smart to tell what's happening and what is likely to happen in the future. It all depends on the FED's actions and they won't be slowing down any time soon.

Weather? Do you mean the bear? But, that's true because no matter what the cryptos are doing, no matter how much positive news we are seeing and no matter how many people are buying, we will always end up on this current price range we have now. It's like the bear won't permit the cryptos for going up.

We can just assume that it wasn't the time yet but as soon as it expires the bear will always unchain the cryptos and they are free to do whatever they want (preferably to pump higher). Being smart won't let you accurately predict the future but if you are smart you know will know how to find a clue if what can possibly happen next.

dimonstration

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Quote from: BobK71 on October 03, 2022, 01:17:21 AM

Quote from: mindrust on October 02, 2022, 11:07:59 PM

The current weather is not in favor of crypto that's for sure. The inflation is not stopping which means the interest rates will keep rising. The money gets more expensive to borrow which means less money will go to the risky assets like crypto. You don't have to be super smart to tell what's happening and what is likely to happen in the future. It all depends on the FED's actions and they won't be slowing down any time soon.

When interest rates rise, investment will fall. And in this situation nothing can be done. Moreover, various US organizations say that the world economy is heading towards recession. Considering this topic, it is clear that the crypto can move to a lower position. At least we'll have to wait until early next year to figure out.

The average recession duration is 10 months but I’m not sure if same will happened in the current market since inflation is much higher now compared before. There is also war happening right now that affects the price of oil and other goods that Russia supply. I thinkthis recession will gonna be the worst in the history and crypto will surely gonna experience a bloodbath too same as stocks since people will secure money for there own good and forget investment during this time.

Eternad

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Quote from: BobK71 on October 03, 2022, 01:17:21 AM

Quote from: mindrust on October 02, 2022, 11:07:59 PM

The current weather is not in favor of crypto that's for sure. Inflation is not stopping which means the interest rates will keep rising. The money gets more expensive to borrow which means less money will go to risky assets like crypto. You don't have to be super smart to tell what's happening and what is likely to happen in the future. It all depends on the FED's actions and they won't be slowing down any time soon.

When interest rates rise, the investment will fall. And in this situation, nothing can be done. Moreover, various US organizations say that the world economy is heading towards a recession. Considering this topic, it is clear that the crypto can move to a lower position. At least we'll have to wait until early next year to figure it out.

The recession has just begun and the worse things are about to happen. The inflation crisis is unstoppable so there's a huge possibility that its effect on the crypto market is negative so we can expect a huge pump for now. The market will always be affected by the negative criss that could happen around us and if the recession period would get better, that's the time that the market can recover as well.

I think you mean dump. Yeah, Economic crisis due to inflation is getting worst. The current price of Bitcoin is below 20K level which below the strong support while the Feds news will be released next which probably create FUD to crypto market and might bring down more the price to new lows.

I’m very tempted to short the market but the price swing is very scary too which can liquidate my position once the Feds result is good next week.

BobK71

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Quote from: mindrust on October 02, 2022, 11:07:59 PM

The current weather is not in favor of crypto that's for sure. The inflation is not stopping which means the interest rates will keep rising. The money gets more expensive to borrow which means less money will go to the risky assets like crypto. You don't have to be super smart to tell what's happening and what is likely to happen in the future. It all depends on the FED's actions and they won't be slowing down any time soon.

When interest rates rise, investment will fall. And in this situation nothing can be done. Moreover, various US organizations say that the world economy is heading towards recession. Considering this topic, it is clear that the crypto can move to a lower position. At least we'll have to wait until early next year to figure out.

Smack That Ace

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Quote from: mindrust on October 02, 2022, 11:07:59 PM

It all depends on the FED's actions and they won't be slowing down any time soon.

Everything is now the Fed's game, and it can be seen that with the current world situation, they certainly won't be able to go easy on their interest rates overnight. Their only goal is to reduce inflation by all means, even if raising interest rates will cause the world economy to fall into recession.

My prediction is that the Fed will not stop raising rates or cutting rates in the next few rounds, at least until the US Presidential election in 2024. They're going to have to find a way to get inflation back under control, for the election to go well and that's the pressure that I think the Fed is under. Raising interest rates is aimed at controlling global inflation but they still have a huge responsibility to their country.

mindrust

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The current weather is not in favor of crypto that's for sure. The inflation is not stopping which means the interest rates will keep rising. The money gets more expensive to borrow which means less money will go to the risky assets like crypto. You don't have to be super smart to tell what's happening and what is likely to happen in the future. It all depends on the FED's actions and they won't be slowing down any time soon.

DapanasFruit

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I am expecting that Bitcoin and the entire cryptocurrency industry would soon be experiencing its good days ahead. Right now, Bitcoin has been following the lead of other investment vehicle and even reacting negatively to inflation reports...just like what happened when Covid19 started but then afterwards we saw some good upwards movements after that. Let's hope that 2023 will really be different for Bitcoin, otherwise on my side it can be the time to go and focus to other things.

livingfree

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Quote from: strunberg on October 02, 2022, 05:46:54 PM

Maybe we will see one more Crash before finally ITS bottom price

Or, we have actually seen the bottom already.

It's either of the two, it's like we've seen it already or there's more to the bottom that we've seen and it will be lower than that.

Quote from: stadus on October 02, 2022, 02:17:44 AM

If we can recall the previous bear season, it was even worse than today but look, we even go far after than making another ATH.

True.

I recognize that the last bear season on 2018 was way worst than what we have right now. The bear market for 2022 is even better and showing better stats than of 2018. Many won't notice that because they're looking at the ATH.

So, if for them this year was worse then expect that we'll see better ATH soon.

harizen

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Quote from: Editbar on October 01, 2022, 09:21:32 PM

I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.

And it makes sense to think. I also can't imagine what kind of worst thing that can be happened that far even more worst compare to those supposed reasons way back in the much deeper and reddish bear market before.

More importantly, the bottom today is considered a high price before.

We will surely see a newly established bottom in every bear market that was a considered dream price before.

strunberg

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Maybe we will see one more Crash before finally its finally make bottom price, inflation still be night mare in this finance market , possibility to increase rate still high and FED already stated before in lastest minute. while we see inflation data stable and there is improvement there , maybe bottom will in and finance market will slowly recovery. same condition will happen to cryptocurrency market , bitcoin hopefully will hardly bounced.

serjent05

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Quote from: Wakate on October 02, 2022, 06:06:45 AM

I am still very skeptical and don't really understand why some people still think that the market can crash anytime from now just because we are in bear market. I think the newbies need to be sensitised on how the crypto market really works. Although when I first join the crypto race, I abstractly think that the market can just crash anytime and investors is going to lose their funds since I never knew how the crypto market works.

It is very simple. Because the cryptocurrency market is highly volatile. It hasn't set up its ground yet to be stable and there are lots of rejections, and acceptance happening, and whoever dominated can give a trend to the cryptocurrency market. Aside from that, having a bear market for so long makes the market very sensitive to negative news, thus the market is easily shaken once negative news happens in the market.

Quote from: Wakate on October 02, 2022, 06:06:45 AM

For those that think the market could crash any moment from now show go and check Bitcoin chat from 2013 to see for themselves how the market moves.

Market crashing doesn't necessarily mean the cryptocurrency will go down the drain. Besides, the 2013 event has nothing to do with the current event of BTC. It may be a reference but today's happening is independent of that date. Besides, there is no denying that Bitcoin had already crashed.

goaldigger

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Quote from: Baofeng on October 02, 2022, 03:19:16 PM

We've already crashed isn't it? all time high of $69k and then seeing the floor price at $17,500. So that's about it this bearish cycle as I don't see the price go lower than that.

For the 2020 crash, yes it was due to the pandemic, but the cycle might repeat (not the virus itself), but the market crash due to several reasons, like recession and war. But I don't see any major slump that will push the price to another lower lows for this year or the whole bear market. And if by chance I'm wrong and the price fall below $17,500, then it's another great opportunity stack sats again.

This is true, we already crashed many times since last year and having this bottom already is a proof that bear market is very strong, we might be dealing with this for a longer time as recession threaten many countries. Another bottom possible to be hit though, after failing many times to break the resistance Bitcoin can even go lower than $15k and I’m sure many are waiting already for that price because they know that’s a good price to entry and we should also have that kind of mindset and never panic.

trendcoin

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Quote from: Editbar on October 01, 2022, 09:21:32 PM

Major Market Corrections Bitcoin bottomed two to three weeks before the SPX did which is the s p 500. over the last week, the s p has made new lows while Bitcoin continues to hold its impressive ground, it's good to see that the bifurcation that tore apart the equity market took a dump right and the pay 500 also saw its worst drop in not at 9.3 percent this month if this is the worst drop since March 2020 you know when the government shut down the entire Globe.
...

Maybe it's not very accurate to directly correlate with global stock markets, but damn it, if we're not going to correlate with global stock markets, what are we going to correlate with? Are we going to correlate according to Mercury's position in astrology? :)

Owners of capital may be switching between markets according to their needs. Therefore, we should not always expect a repetition of an example that has happened before. The movements in SP can give us an idea about the psychology of the investors, but I don't always find it right to use the data there directly in the cryptocurrency market.

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