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Topic: Cryptocurrency market conditions. - page 8. (Read 1511 times)

sr. member
Activity: 1176
Merit: 265
June 07, 2019, 11:54:14 AM
#41
After the longest bear market in crypto history I  expect also the longest cumulative phase, the market will fluctuate somewhere between the value 6000-10000USD per 1 Bitcoin.
sr. member
Activity: 1400
Merit: 251
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June 07, 2019, 11:48:38 AM
#40
A decline is important from the recent uptrend, it is just a minor correction, if you check the market you will see that the present condition is greenish.

Indeed, many are more green in all markets, but there are also red ones in several altcoins, which means that the current market conditions have not recovered perfectly even though it's good to do some trading on good coins.
full member
Activity: 645
Merit: 100
June 07, 2019, 11:23:24 AM
#39
Does anyone know the reason in these 2 days, why is the market experiencing a sharp decline. Will the red color continue, or only for a moment and then change to green. Give your honest opinion and knowledge. Let's discuss with a cool mind, waiting for positive news.
 Thank you.

What do whales play with us. An honest opinion is possible the growth of Bitcoin is the monopulation of major players. Or something else. I also noticed how the market fell sharply. This is not a correction. It looks like an artificial swap of the market.
legendary
Activity: 1918
Merit: 1728
June 07, 2019, 11:07:49 AM
#38
Does anyone know the reason in these 2 days, why is the market experiencing a sharp decline. Will the red color continue, or only for a moment and then change to green. Give your honest opinion and knowledge. Let's discuss with a cool mind, waiting for positive news.
 Thank you.

It is a general price adjustment, nothing to worry about. The general law of market states that after the exponential growth in the value of security, there is a decline in the value of about 5-10% known as correction so to adjust the over-valued security according to current market demand.
However, it is only temporary. With current market conditions, I can say that Bitcoin will again start rising in few days. There is no negativity in the market, bullish trend is clearly evident. $12-13K in next 30 days is surely possible.
sr. member
Activity: 2156
Merit: 323
June 07, 2019, 10:48:44 AM
#37
Where is the market going next? That's a big question, I am supposing we will see a new move soon. These days manipulating the market become normal issue, in this way I'm constantly prepared for up or down. The only thing we do is holding and buy even more if it dips.
member
Activity: 795
Merit: 10
June 07, 2019, 10:47:48 AM
#36
A decline is important from the recent uptrend, it is just a minor correction, if you check the market you will see that the present condition is greenish.
legendary
Activity: 2282
Merit: 1041
June 07, 2019, 10:39:17 AM
#35


With the development and market getting stable, most of the people who come into crypto these days are up to make money by putting their money into btc and other coins like an investment frenzy. All of them up to cash out their profit everytime they earn. The market's volatility is being exploited since the market is getting stable. Eventually though they may all be holding their coins to wait till the bulls stop.
sr. member
Activity: 938
Merit: 250
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June 07, 2019, 10:03:13 AM
#34
I do not think there is a specific reason. But a few days ago I read about the 25k BTC invested to coinbase. The price is thought to be moved by the whales. I think it will be enough reason for the price drop.
I don't expect any more downward movement. This market is quite good with a defensive position and a slight increase but is very stable. the most important thing is that trade continues to grow. it is a characteristic of a healthy market. hopefully those who invest large amounts of their money think for the long term.
sr. member
Activity: 602
Merit: 250
June 07, 2019, 09:59:23 AM
#33
Does anyone know the reason in these 2 days, why is the market experiencing a sharp decline. Will the red color continue, or only for a moment and then change to green. Give your honest opinion and knowledge. Let's discuss with a cool mind, waiting for positive news.
 Thank you.

I am not sure whether you came across the 45 millions USD worth of bitcoin has been sold by Justin sun to meet the warren buffet.

Apart from that I did not see any negative news about the crypto industry to see this strong decline at this marketplace.

We may expect the more value in coming days, never believe this negative trend.
I don't think that this condition will last a long time in a downward trend, but this is only a moment. The crypto market is still stable and normal so far, and very much better than a few months ago. The price of bitcoin is still able to survive around the price of $ 8,000, and that proves it still looks very strong and consistent. So, we don't need to worry for now.
sr. member
Activity: 1624
Merit: 250
June 07, 2019, 04:52:15 AM
#32
I do not think there is a specific reason. But a few days ago I read about the 25k BTC invested to coinbase. The price is thought to be moved by the whales. I think it will be enough reason for the price drop.
member
Activity: 1764
Merit: 10
June 07, 2019, 03:27:50 AM
#31
Today, bitcoin finally broke through 8k$ and ethereum 250$, but something is very tight and of course it is very alarming, I hope manipulators with big players will gather their strength and will start pumping the cryptocurrency market again.
full member
Activity: 700
Merit: 100
June 07, 2019, 03:17:06 AM
#30
I think the bulls are still ruling the market and it will turn green again soon. Although there is a scenario with the market correction and its subsequent growth to $10K. I now prefer to keep my money in stablecoin until the situation becomes more obvious.
member
Activity: 645
Merit: 10
June 07, 2019, 02:43:37 AM
#29
If bitcoin can not gain a foothold above $8100, then we are waiting for a drop to $7200 and perhaps even up to $6000. Therefore, these days are very important in order to understand the further movement of the entire cryptocurrency market. But there is good news, the decline will be short lived and this will be the impetus for reaching the level of $9000-$10000.
member
Activity: 434
Merit: 10
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June 07, 2019, 02:29:18 AM
#28
In the year of 2017, the market raised with most of the coins increasing in price to a maximum level. The time was when bitcoin, the king coin, peaked at as high as $20000. But the market lowered in 2018. What I mean here is that it is natural phenomena for cryptocurrency go fall and increase from time to time. So there is no wonder.
full member
Activity: 1820
Merit: 107
June 07, 2019, 02:08:33 AM
#27
Does anyone know the reason in these 2 days, why is the market experiencing a sharp decline. Will the red color continue, or only for a moment and then change to green. Give your honest opinion and knowledge. Let's discuss with a cool mind, waiting for positive news.
 Thank you.
I think its just a correction for the previous days market rally specially BTC, Bitcoins is shooting fast to $8800- $9000 thats why I think bitcoin was over bought that resulting to massive selling sphree, thats why the market was reacted slowly, But as we see it today, its just slowly back to normal trend.
full member
Activity: 1638
Merit: 122
June 07, 2019, 01:59:53 AM
#26
.......
Thats right mate . following others is not a good idea because other people dont differ from you as they also predicting . its always a good idea to follow what your instincs are saying so that if you loose you dont blame those people that give you false prediction . right now the crypto market conditions is not verry good because the prices of the coins are dropping . its advisable that we must only hodl or buy  
member
Activity: 196
Merit: 10
June 07, 2019, 01:53:55 AM
#25
Anyone can give their predictions but there is no one can say what will happen so if I were you I would not take a recommendations from other people I would rather go and do what my instinct said than others suggestion.
hero member
Activity: 2604
Merit: 816
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June 07, 2019, 01:35:46 AM
#24
I think that in a few days ago, we saw a correction of the price and that makes all prices get down including for bitcoin price. But now, as we are at the weekend, there will be reversed for the price to start to increase again. Maybe this time, the reverse will bring all coin price to increase higher because I see that many coins have to try to break the higher price. So let's prepare for the time to sell any coin we have at a high price.
member
Activity: 749
Merit: 13
June 07, 2019, 01:31:51 AM
#23
I think this will only at a moment and so many crypto enthusiasm says june and july is altcoin time. We all know so many good news arround us so no reason to btc falling down. Just wait a moment. New ATH will reach more than 2017.
copper member
Activity: 812
Merit: 6
June 07, 2019, 01:29:57 AM
#22
It is a regular correction, we had a 3 excellent month of bullmarket, a lot of coins made a really impressive gains, and now (as always actually) the market need a correction to start testing new levels(maybe 10k?! Grin), dont worry about it, but if you too nervous, just go usdt and wait for another local bullrun, good luck Smiley
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