Cryptocurrency market continues to blood shed

Natalim

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BTC to the MOON in 2019

Quote from: deathcode on December 19, 2019, 12:40:48 AM

Quote from: styca on December 14, 2019, 03:24:56 AM

I don't think we should panic. Look at the charts since the December 2017 high - we fell hugely, but we need to remember we have also recovered quite well. We are all aware of the volatility, but we need to have an eye on the longer term trends as well. Bitcoin and crypto is still moving upwards, it's just that sometimes the road gets quite bumpy.

Many people only think about repeating ATH 2017 without thinking about the recovery that is now happening. if we see we are already in a pretty good recovery from a market that is experiencing a collapse. this will be a long journey for the crypto market to return to ATH or to create a new ATH.

Of course because they want to experience again that bull run in 2017.
However, for me, I think it's more realistic to just think of the market recover first as the bull run will just come in time, maybe a slow but stable recovery is what we need for now, if we put that in our mind, we will be able to relax and not easily panic when there's a pump and dump because we are confident that those are just temporary and market will eventually recover.

South Park

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Quote from: deathcode on December 19, 2019, 12:40:48 AM

Quote from: styca on December 14, 2019, 03:24:56 AM

I don't think we should panic. Look at the charts since the December 2017 high - we fell hugely, but we need to remember we have also recovered quite well. We are all aware of the volatility, but we need to have an eye on the longer term trends as well. Bitcoin and crypto is still moving upwards, it's just that sometimes the road gets quite bumpy.

Many people only think about repeating ATH 2017 without thinking about the recovery that is now happening. if we see we are already in a pretty good recovery from a market that is experiencing a collapse. this will be a long journey for the crypto market to return to ATH or to create a new ATH.

Most people are only thinking about the individual profits that they can get without stopping to think if their desires are even possible, the all time high that we reached at the end of 2017 happened under very specific circumstances that are not going to repeat themselves, at some point we are going to see a new all time high but it is going to take a lot longer than what people expect, and we can clearly see that by taking a look at what people thought will happen this year, when the price began to go up people really believed that will see another all time high but I knew it was impossible that less than two years later the price will go up that much and despite the growth people are still mad about their results something that I find to be unbelievable.

deathcode

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Quote from: styca on December 14, 2019, 03:24:56 AM

I don't think we should panic. Look at the charts since the December 2017 high - we fell hugely, but we need to remember we have also recovered quite well. We are all aware of the volatility, but we need to have an eye on the longer term trends as well. Bitcoin and crypto is still moving upwards, it's just that sometimes the road gets quite bumpy.

Many people only think about repeating ATH 2017 without thinking about the recovery that is now happening. if we see we are already in a pretty good recovery from a market that is experiencing a collapse. this will be a long journey for the crypto market to return to ATH or to create a new ATH.

Innocant

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Quote from: sovie on December 09, 2019, 12:14:32 PM

whats the panic if crypto market is in red? I just recalled the following incident

Quote

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

Being panic it was not good for us while we here in crypto we need to calm always and wait the recovery, Must better to give a support so that it will have a good flow for the increasing the price of each coini crypto. And it is normal its going red actually it will be back it to green so we dont need to panic on that happen maybe we will be have a heart attack if we always like that.

If we look at the past year or now the market was in red situation and dip so much the price but it recover so early, So all I can say the crypto it was normal for them to be like that.

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Quote from: Fatunad on December 13, 2019, 12:43:53 PM

Quote from: South Park on December 13, 2019, 12:11:54 PM

Quote from: sovie on December 09, 2019, 12:14:32 PM

whats the panic if crypto market is in red? I just recalled the following incident

Quote

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

But psychologically speaking that is something that is really difficult to do, I'm sure that many investors know that is the right thing to do, after all they know that is a product that we will always need but people are always thinking about the short term and not the long term and the same happened at the beginning of the year with bitcoin when it was close to 3000 and no one wanted to buy it because it's price was too low and now look at the levels at which it is trading.

Some people mindset when they have an investment specially in bitcoin, they think it is a quick rich scheme when you invest for a month then sell you will automatically become rich. That's not how the market is working specially bitcoin and other types of investment. They should have to focus on the long term instead of the short term if they want to become rich.

I do not really think that this is entirely the fault of investors, whenever I see on the Internet an ad related to bitcoin or the market of cryptocurrencies I always see the same thing, a website promoting this market as a way of earning a lot of money in a really fast way, but we know the truth, we know that is not really possible unless you are willing to invest a lot of money in a coin that you do not know if it is any good or not and with the huge amount of scams in the market that is not really a realistic option.

naikturun

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although there is news that is likely to cause it to happen, it is not necessarily true.
some people just use the news to pump / dump of course with a lot of money.
so news sources are not necessarily the main factor, although they have an effect on the market.

styca

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I don't think we should panic. Look at the charts since the December 2017 high - we fell hugely, but we need to remember we have also recovered quite well. We are all aware of the volatility, but we need to have an eye on the longer term trends as well. Bitcoin and crypto is still moving upwards, it's just that sometimes the road gets quite bumpy.

matchi2011

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Quote from: South Park on December 13, 2019, 12:11:54 PM

Quote from: sovie on December 09, 2019, 12:14:32 PM

whats the panic if crypto market is in red? I just recalled the following incident

Quote

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

But psychologically speaking that is something that is really difficult to do, I'm sure that many investors know that is the right thing to do, after all they know that is a product that we will always need but people are always thinking about the short term and not the long term and the same happened at the beginning of the year with bitcoin when it was close to 3000 and no one wanted to buy it because it's price was too low and now look at the levels at which it is trading.

That's the game that most investors needs to work with, the market is moving without any trace. It can pumped high or move down with a heavy
dumped, bloodshed is unavoidable if more weakholders will lose interest with this market more and more downfall to anticipate. Being ready and
have additional alternatives is in need for you not to suffer that much.

Adriano2010

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Well this is the world we live, if governments see that people make money on other way they want, they start to block what people do and they want to control more, i hope all this will change after some years and people can do almost what they want and crypto grow as it should.

Fatunad

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Quote from: South Park on December 13, 2019, 12:11:54 PM

Quote from: sovie on December 09, 2019, 12:14:32 PM

whats the panic if crypto market is in red? I just recalled the following incident

Quote

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

But psychologically speaking that is something that is really difficult to do, I'm sure that many investors know that is the right thing to do, after all they know that is a product that we will always need but people are always thinking about the short term and not the long term and the same happened at the beginning of the year with bitcoin when it was close to 3000 and no one wanted to buy it because it's price was too low and now look at the levels at which it is trading.

Some people mindset when they have an investment specially in bitcoin, they think it is a quick rich scheme when you invest for a month then sell you will automatically become rich. That's not how the market is working specially bitcoin and other types of investment. They should have to focus on the long term instead of the short term if they want to become rich.

South Park

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Quote from: sovie on December 09, 2019, 12:14:32 PM

whats the panic if crypto market is in red? I just recalled the following incident

Quote

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

But psychologically speaking that is something that is really difficult to do, I'm sure that many investors know that is the right thing to do, after all they know that is a product that we will always need but people are always thinking about the short term and not the long term and the same happened at the beginning of the year with bitcoin when it was close to 3000 and no one wanted to buy it because it's price was too low and now look at the levels at which it is trading.

zeze18

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Quote from: bettercrypto on December 09, 2019, 03:49:28 PM

Quote from: cribusen on December 09, 2019, 01:50:38 PM

This is happening throughout the last two years, without any sign of improvement. Just be patient and wait of ETH 2.0 update, because as for me it is the only hope for altcoins to raise from ashes and to decrease BTC dominance for a bit.

Hopefully it will help to raise price of ethereum. I am bothering from my eth because I bought it from 200 dollars and I didn't yet converted it since I am stuck on its price. However, I am willing to hold it for a long run.
If that so, it would cause also an impact to the market. It may pull the price of bitcoin since these two coins are rival.

Altcoins doesn't mean just ETH and if ETH price rise doesn't mean other alts will go up. Many people expecting too much for eth 2.0 could pump the price, but implementing new technology is not easy, there will be many bugs on their first launch i'm sure and it will be a disavantage for eth

bettercrypto

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Quote from: cribusen on December 09, 2019, 01:50:38 PM

This is happening throughout the last two years, without any sign of improvement. Just be patient and wait of ETH 2.0 update, because as for me it is the only hope for altcoins to raise from ashes and to decrease BTC dominance for a bit.

Hopefully it will help to raise price of ethereum. I am bothering from my eth because I bought it from 200 dollars and I didn't yet converted it since I am stuck on its price. However, I am willing to hold it for a long run.
If that so, it would cause also an impact to the market. It may pull the price of bitcoin since these two coins are rival.

aomakun

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Quote from: cribusen on December 09, 2019, 01:50:38 PM

This is happening throughout the last two years, without any sign of improvement. Just be patient and wait of ETH 2.0 update, because as for me it is the only hope for altcoins to raise from ashes and to decrease BTC dominance for a bit.

but i am not sure in full with the price spike when hardfork eth. but some hardforks carry pump prices, just hope ethereum 2.0 can bring prices to improve especially eth and hopefully it will have an impact on other altcoins

cribusen

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This is happening throughout the last two years, without any sign of improvement. Just be patient and wait of ETH 2.0 update, because as for me it is the only hope for altcoins to raise from ashes and to decrease BTC dominance for a bit.

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Quote from: Harrydose on November 22, 2019, 06:33:29 AM

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

I think it's not too much to comment here. Why do people always expect the value of bitcoin or alts to increase? Didn't it grow sharply from March to August? That's the time when new cash flows come in and many people are profitable. When everything went well, they started selling. same as the cycle of 2017 and 2018. This is considered the rule of financial markets and Dow theory clearly says this. You need to read more to better understand the financial situation.

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Quote from: Hamphser on December 09, 2019, 12:31:15 PM

Quote from: sovie on December 09, 2019, 12:14:32 PM

whats the panic if crypto market is in red? I just recalled the following incident

Quote

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

It's better to hold when the market is in red to avoid panic selling which is not a good idea. Everyone should start to calm down and leave their crypto on that wallet because everything is just a temporary drop. Nothing is certain here, the market will always go rise and low and that's the sign that it's normal.

In investing we must understand to hold rather than having to panic sell. unless we have determined the time to do the cut loss, then the policies that occur are different. these things must be understood in a big way for those who invest

Hamphser

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Quote from: sovie on December 09, 2019, 12:14:32 PM

whats the panic if crypto market is in red? I just recalled the following incident

Quote

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

It's better to hold when the market is in red to avoid panic selling which is not a good idea. Everyone should start to calm down and leave their crypto on that wallet because everything is just a temporary drop. Nothing is certain here, the market will always go rise and low and that's the sign that it's normal.

sovie

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whats the panic if crypto market is in red? I just recalled the following incident

Quote

In January 2016, the daily spot price of West Texas Intermediate (WTI) crude oil reached its lowest point in 13 years of US$26.68 per barrel.
Canada Energy Regulator

Those who have wisdom bought at that time rather then saying crude market is bleeding. Today WTI crude is 59 USD and oil trading is going normal.
Please apply this principle to crypto market also. Everything will be normal, just dont panic.

South Park

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Quote from: inanilujimi on November 27, 2019, 08:54:16 AM

Everyone has their own way to survive in this market.
I personally am more selective in choosing to buy altcoin, select projects that can experience further improvement when it gets a good impact on your investment portfolio.
Panic does not produce anything, for that it remains calm, because for me this has often happened.

If you are more interested in surviving the difficult market conditions then maybe you should think again your strategy of using altcoins to do that, even if I do not like it I really believe that the market will keep going down, what we are seeing is just a temporary relief but at some point it will be over and the market will keep going down and as we know altcoins have a tendency to go down even faster than bitcoin and you do not want to hold them when that happens.

Kersh768

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Quote from: Harrydose on November 22, 2019, 06:33:29 AM

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

On top of these many people are still assuming that a bullrun would occur before this year end. Absurd expectation will only result to more frustrations and worse, regrets from being fed up with the opinion of majority and investing to random tokens. As what I am saying often, it would be better to wait for this moment and to be patient with how things would end for this year. If there will be no uprise so be it. For sure, someday there will be.

cryptothreads

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Quote from: Jating on November 29, 2019, 06:12:36 PM

So far it's a good two to three days now for crypto to recover and bounce back from the last bloodshed and I'm sure everyone is very happy to see the price going green today. Although I'm expecting that Ethereum should be at least in the $180 region just to be safe.

So I guess, we need to take advantage of the situation again, trade and win and make profits, that's just how it is. Otherwise, if you continue to complain about this bloodshed and be negative and waste your energy, then it's better to stop today because this whole crypto sphere is full of ups/downs.

Crypto is a place where investors can earn very high profits if they have good knowledge and must remain calm under all circumstances because all coins rely heavily on Bitcoin. Currently, many very good investments are waiting for you but there are only some good coins like ETH, LTC, BCH, BNB because these are long-term options if you want to make a steady profit.

One way or another, you need to spend half of your assets investing in Bitcoin because this coin is the only investment that makes investors feel the safest.

TimeTeller

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Quote from: Jating on November 29, 2019, 06:12:36 PM

So far it's a good two to three days now for crypto to recover and bounce back from the last bloodshed and I'm sure everyone is very happy to see the price going green today. Although I'm expecting that Ethereum should be at least in the $180 region just to be safe.

So I guess, we need to take advantage of the situation again, trade and win and make profits, that's just how it is. Otherwise, if you continue to complain about this bloodshed and be negative and waste your energy, then it's better to stop today because this whole crypto sphere is full of ups/downs.

Short term trading is a good one to look at in this current market situation.
Small profits combined is better than nothing at all.
Complaining on small happenings will not really do good on yourself, it will create havoc on your mind.
Just be grateful that we have this kind of technology that creates so many benefits to crypto users.

Jating

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So far it's a good two to three days now for crypto to recover and bounce back from the last bloodshed and I'm sure everyone is very happy to see the price going green today. Although I'm expecting that Ethereum should be at least in the $180 region just to be safe.

So I guess, we need to take advantage of the situation again, trade and win and make profits, that's just how it is. Otherwise, if you continue to complain about this bloodshed and be negative and waste your energy, then it's better to stop today because this whole crypto sphere is full of ups/downs.

Smitty Werben Man Jensen

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Quote from: romero121 on November 29, 2019, 12:05:47 PM

Quote from: peter0425 on November 29, 2019, 01:15:22 AM

Quote from: Harrydose on November 22, 2019, 06:33:29 AM

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

not today because we are now stabilizing in atleast $7000-7500 things that much better compared to last weeks movement when almost all coins are bloody shedding that whole market.
hope that it will stay this good until the mid of december ot better if grows higher.

Nothing that worse has taken place in the market. All we experience is the phenomenal growth, at times due to manipulation there will be drop in the price. This will be termed as market is shedding blood, but in reality this is common form of market movements. Now the price has crossed $7700 which will soon cross $8000. With cryptocurrency we can't get to know what way the market is gonna move, but when there is blood shed one can invest and get back the profit very shortly.

very easy to find profits if the market has decreased, indeed in the crypto market a very common,
many traders enter into crypto because the market is bleeding and buy a lot, then they will get a lot of profits instantly

romero121

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Quote from: peter0425 on November 29, 2019, 01:15:22 AM

Quote from: Harrydose on November 22, 2019, 06:33:29 AM

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

not today because we are now stabilizing in atleast $7000-7500 things that much better compared to last weeks movement when almost all coins are bloody shedding that whole market.
hope that it will stay this good until the mid of december ot better if grows higher.

Nothing that worse has taken place in the market. All we experience is the phenomenal growth, at times due to manipulation there will be drop in the price. This will be termed as market is shedding blood, but in reality this is common form of market movements. Now the price has crossed $7700 which will soon cross $8000. With cryptocurrency we can't get to know what way the market is gonna move, but when there is blood shed one can invest and get back the profit very shortly.

joshy23

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Quote from: Congyang on November 29, 2019, 02:42:59 AM

it is not clear when the crypto market will stabilize, now enjoy drinking coffee while watching the crypto market bleed. because indeed this year will not be able to ensure that crypto has increased. so be patient

Patience is the keyword here to continue surviving from this dumping market movement. Feel free to adjust from time to time since there's no certain
positions that you can take to assure your profitable position instead its a test to any traders to workout and anticipate what will be the possibilities
to lessen the chance of losing your investment.

Natalim

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BTC to the MOON in 2019

Quote from: deathcode on November 29, 2019, 06:56:54 AM

unexpectedly indeed decline occurred again. because many people make predictions there will be an increase at the end of this year until early next year. but the market has another way to make us have to be prepared to wait more patiently for the bull run market. we have to wait until some updates from bitcoin and ethereum in the next year occur. if there is no change in the market maybe this will be bad for crypto investment in the future.

It's easy for the whales to manipulate when people are thinking the market will be bullish, but we will be alright if we will move as this market is gonna be bullish in the long run. The decline of price is normal, we may not like seeing it but its what makes this market stronger, and i you read some article stating bitcoin is dying or has died many times, you'll be a believer because it still survives until now.

Pelunize12

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Quote from: samuraijin on November 29, 2019, 02:58:48 AM

Quote from: andreibi on November 29, 2019, 01:08:56 AM

Quote from: samuraijin on November 28, 2019, 07:27:14 AM

since yesterday the price of bitcoin and ethereum has increased and maybe their trading volume has increased in 2 days, yesterday the low point of bitcoin prices was under $ 7000 and touched $ 7600 today, an interesting achievement and everyone hopes that there is no bloodshed at the next value

Nope... Bloodshed will continue until it becomes very obvious that Bitcoin and by extension altcoins stop dropping and begin slowly recovering. It could be defined by skeptics as a sucker's rally but then it continues going up and there you have it, a new bull market.

are you sure it will continue, if it will continue they do bloody battles, I will see it and laugh at them, at least I will look for additional money to buy cheap bitcoin and other altcoins when they really throw it away, I will wait in front of the computer screen to see it

it was a good bounce yesterday, from $ 6500 to $ 7600. But it doesnt mean changing the trend
the trend is still downtrend until now. the bounce which happened yesterday just bcz of bouncing from support
it is reasonable if many people still affraid of bitcoin pumping.

deathcode

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unexpectedly indeed decline occurred again. because many people make predictions there will be an increase at the end of this year until early next year. but the market has another way to make us have to be prepared to wait more patiently for the bull run market. we have to wait until some updates from bitcoin and ethereum in the next year occur. if there is no change in the market maybe this will be bad for crypto investment in the future.

novaprime

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Quote from: samuraijin on November 28, 2019, 07:27:14 AM

since yesterday the price of bitcoin and ethereum has increased and maybe their trading volume has increased in 2 days, yesterday the low point of bitcoin prices was under $ 7000 and touched $ 7600 today, an interesting achievement and everyone hopes that there is no bloodshed at the next value

I think it is a temporary recovery of this market and it is certain that the market will go through many different discount periods until the end of this year. Actually, this is a very bad time, so it is best to restrict transactions and switch to long-term investment in some coins such as Bitcoin or Litecoin. However, any investment needs to be patient and always set stop loss if that coin starts downtrend.

samuraijin

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Quote from: andreibi on November 29, 2019, 01:08:56 AM

Quote from: samuraijin on November 28, 2019, 07:27:14 AM

since yesterday the price of bitcoin and ethereum has increased and maybe their trading volume has increased in 2 days, yesterday the low point of bitcoin prices was under $ 7000 and touched $ 7600 today, an interesting achievement and everyone hopes that there is no bloodshed at the next value

Nope... Bloodshed will continue until it becomes very obvious that Bitcoin and by extension altcoins stop dropping and begin slowly recovering. It could be defined by skeptics as a sucker's rally but then it continues going up and there you have it, a new bull market.

are you sure it will continue, if it will continue they do bloody battles, I will see it and laugh at them, at least I will look for additional money to buy cheap bitcoin and other altcoins when they really throw it away, I will wait in front of the computer screen to see it

Congyang

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it is not clear when the crypto market will stabilize, now enjoy drinking coffee while watching the crypto market bleed. because indeed this year will not be able to ensure that crypto has increased. so be patient

peter0425

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Quote from: Harrydose on November 22, 2019, 06:33:29 AM

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

not today because we are now stabilizing in atleast $7000-7500 things that much better compared to last weeks movement when almost all coins are bloody shedding that whole market.
hope that it will stay this good until the mid of december ot better if grows higher.

andreibi

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Quote from: samuraijin on November 28, 2019, 07:27:14 AM

since yesterday the price of bitcoin and ethereum has increased and maybe their trading volume has increased in 2 days, yesterday the low point of bitcoin prices was under $ 7000 and touched $ 7600 today, an interesting achievement and everyone hopes that there is no bloodshed at the next value

Nope... Bloodshed will continue until it becomes very obvious that Bitcoin and by extension altcoins stop dropping and begin slowly recovering. It could be defined by skeptics as a sucker's rally but then it continues going up and there you have it, a new bull market.

samuraijin

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since yesterday the price of bitcoin and ethereum has increased and maybe their trading volume has increased in 2 days, yesterday the low point of bitcoin prices was under $ 7000 and touched $ 7600 today, an interesting achievement and everyone hopes that there is no bloodshed at the next value

alan2here

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WorkAsPro

Quote from: Soots on November 27, 2019, 08:27:03 AM

I don't know what to say with the current progress of cryptocurrency market, it feels so shaky and anxious right now. Despite of that, I am trying my best not to panic because I was so hopeless previously but am now building a confidence even though it wasn't worth it. The bloodshed is aggressively arising so far, and sudden fall or rise is expected to happen every minute.

Crypto market is beginning to decline and will certainly make it difficult for many investors during this time. I think for some people this is a very good opportunity to invest because some coins are very cheap. However, before investing you need to do some research and analysis of the potential of that coin to avoid unnecessary risks.

I am very careful and always make many wise decisions in investing because even a small mistake will make my mind panic.

agentx44

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Quote from: Harrydose on November 22, 2019, 06:33:29 AM

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

Indeed there are a lot of things happening in the market everyday. Sudden drops are expected knowing that the market is still not in good shape but that doesn't mean that it will always be like that, better days for trading and investment will soon come we just need to believe and trust crypto. Many are expecting bull run as bitcoin halving occur but we should still not be too confident about it since there are no great proof that it would occur. For now, the best thing to do would be holding and buying if you think a certain altcoin has the potential to increase as the bull run in bitcoin happens.

inanilujimi

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Everyone has their own way to survive in this market.
I personally am more selective in choosing to buy altcoin, select projects that can experience further improvement when it gets a good impact on your investment portfolio.
Panic does not produce anything, for that it remains calm, because for me this has often happened.

Eternad

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Quote from: Soots on November 27, 2019, 08:27:03 AM

I don't know what to say with the current progress of cryptocurrency market, it feels so shaky and anxious right now. Despite of that, I am trying my best not to panic because I was so hopeless previously but am now building a confidence even though it wasn't worth it. The bloodshed is aggressively arising so far, and sudden fall or rise is expected to happen every minute.

As much as possible I'm trying to still feel positive about the market situation. Even there been so many FUDS relating to this, if we know we're holding coins that are worth the hold then we should not be worry and take this advantage to buy more.

Soots

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I don't know what to say with the current progress of cryptocurrency market, it feels so shaky and anxious right now. Despite of that, I am trying my best not to panic because I was so hopeless previously but am now building a confidence even though it wasn't worth it. The bloodshed is aggressively arising so far, and sudden fall or rise is expected to happen every minute.

kodtycoon

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if that's what happened at least the global crisis has happen and unwittingly it greatly affects the crypto market, the trade war indeed continues so far so i just feel this is an impact caused by the problems that happened between the two countries. there are a lot of assumptions about the crypto market that continues to bleed and i just want to remind you to remain confident and not need to be a panicked seller from a situation like this

cvasy

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Quote from: Vitalicus on November 26, 2019, 10:45:54 PM

This is a huge surprise for all investors and hopefully this is the cheapest price this year because people feel very worried about the future of this market. I used more than 40% of my assets to buy Bitcoin at $7,000 and I am sure the coin will soon rebound in early 2020. However, there are still a lot of big risks this year and be more careful before making investment decisions.

Today, I also bought some eth and also a bit of bitcoin at a cheap price, I think now cryptocurrency is still a potential investment asset to be hold for a long period, even though right now the prices on the market are turning red, but it's likely the price will be turned green again in the near future.

Vitalicus

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Quote from: sazonk on November 24, 2019, 09:44:55 PM

I suggest not to open the market today, because specifically today is worse than before, especially BTC, if you have more money then buy coins or tokens that are potential, if not you should hold not to cut loss. I was very shocked when I opened the market today, seeing the price of BTC and other yags all dropped. Hope this is a stepping stone to 2020 for BTC and altcoin

This is a huge surprise for all investors and hopefully this is the cheapest price this year because people feel very worried about the future of this market. I used more than 40% of my assets to buy Bitcoin at $7,000 and I am sure the coin will soon rebound in early 2020. However, there are still a lot of big risks this year and be more careful before making investment decisions.

adroitful_one

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Quote from: carlfebz2 on November 26, 2019, 06:32:19 PM

Quote from: Jating on November 26, 2019, 06:00:31 PM

Quote from: andreibi on November 26, 2019, 04:29:15 PM

Quote from: Cnut237 on November 25, 2019, 02:07:34 AM

The longer you've been here, the less you panic about these sort of drops. I've only been here since 2017, but the memory of the huge 2018 bear is a very strong one. The market is volatile, we all know this, we are told over and over again, and we can see it quite clearly in this price charts.

Remember BTC had a high of $20k, but it also dropped below $4k at the bottom of the bear. I know the current drops look dramatic, but there is no reason for concern just yet.

I've been here since 2014. And frankly, the bear market of 2015 is a lot worse. So much worse that many people are beginning to think crypto currencies are just a fad and will soon fade away - that the tech is not viable in today's world.

Exactly, the 2015-2016 is worst compare to this one. The only thing that I can think of is that majority of people here are not present during the 2015-2016 bear market that's why they don't understand what's really going on with the market of today.

Everything is crypto market is on a cycle, and I'm sure most of you have seen only 2017 massive growth and thought that it will on a parabolic rise. This bear market is sort of a rude awakening for you guys, so If I'm your shoes just sit out this bear market and look at the long term, specially that bitcoin block halvening is coming mid next year and it could start a slow and steady phase for a bullish season.

For people who've been here for years and able to witness those very bearish market wont really got surprised on these kind of dumping events.As you said this isnt the same wayback into those years where
correction negative percentage is way too high which make the entire community shaken off specially to those weak hands.There would always be a cycle but we wont know on how long would be the duration.
This is why we do wait for years and expecting for such reversal and we all know that theres an upcoming halving event which we do recognized as a valid catalyst for a new bull run.

This is exactly right. This is just part of the market. Volatility is going to occur in this market. All you can do is wait out these dips in prices and try to accumulate even more. If you bought in at close to $20k, I truly feel sorry for you, but you should have known better. Don't buy into anything at an all time high. I don't care what it is. Buy things on sale. Just like you would at your local stores. You may not realize it, but the price is trending upwards and has been all year long.

carlfebz2

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Quote from: Jating on November 26, 2019, 06:00:31 PM

Quote from: andreibi on November 26, 2019, 04:29:15 PM

Quote from: Cnut237 on November 25, 2019, 02:07:34 AM

The longer you've been here, the less you panic about these sort of drops. I've only been here since 2017, but the memory of the huge 2018 bear is a very strong one. The market is volatile, we all know this, we are told over and over again, and we can see it quite clearly in this price charts.

Remember BTC had a high of $20k, but it also dropped below $4k at the bottom of the bear. I know the current drops look dramatic, but there is no reason for concern just yet.

I've been here since 2014. And frankly, the bear market of 2015 is a lot worse. So much worse that many people are beginning to think crypto currencies are just a fad and will soon fade away - that the tech is not viable in today's world.

Exactly, the 2015-2016 is worst compare to this one. The only thing that I can think of is that majority of people here are not present during the 2015-2016 bear market that's why they don't understand what's really going on with the market of today.

Everything is crypto market is on a cycle, and I'm sure most of you have seen only 2017 massive growth and thought that it will on a parabolic rise. This bear market is sort of a rude awakening for you guys, so If I'm your shoes just sit out this bear market and look at the long term, specially that bitcoin block halvening is coming mid next year and it could start a slow and steady phase for a bullish season.

For people who've been here for years and able to witness those very bearish market wont really got surprised on these kind of dumping events.As you said this isnt the same wayback into those years where
correction negative percentage is way too high which make the entire community shaken off specially to those weak hands.There would always be a cycle but we wont know on how long would be the duration.
This is why we do wait for years and expecting for such reversal and we all know that theres an upcoming halving event which we do recognized as a valid catalyst for a new bull run.

Jating

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Activity: 2842

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Quote from: andreibi on November 26, 2019, 04:29:15 PM

Quote from: Cnut237 on November 25, 2019, 02:07:34 AM

The longer you've been here, the less you panic about these sort of drops. I've only been here since 2017, but the memory of the huge 2018 bear is a very strong one. The market is volatile, we all know this, we are told over and over again, and we can see it quite clearly in this price charts.

Remember BTC had a high of $20k, but it also dropped below $4k at the bottom of the bear. I know the current drops look dramatic, but there is no reason for concern just yet.

I've been here since 2014. And frankly, the bear market of 2015 is a lot worse. So much worse that many people are beginning to think crypto currencies are just a fad and will soon fade away - that the tech is not viable in today's world.

Exactly, the 2015-2016 is worst compare to this one. The only thing that I can think of is that majority of people here are not present during the 2015-2016 bear market that's why they don't understand what's really going on with the market of today.

Everything is crypto market is on a cycle, and I'm sure most of you have seen only 2017 massive growth and thought that it will on a parabolic rise. This bear market is sort of a rude awakening for you guys, so If I'm your shoes just sit out this bear market and look at the long term, specially that bitcoin block halvening is coming mid next year and it could start a slow and steady phase for a bullish season.

andreibi

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Quote from: Cnut237 on November 25, 2019, 02:07:34 AM

The longer you've been here, the less you panic about these sort of drops. I've only been here since 2017, but the memory of the huge 2018 bear is a very strong one. The market is volatile, we all know this, we are told over and over again, and we can see it quite clearly in this price charts.

Remember BTC had a high of $20k, but it also dropped below $4k at the bottom of the bear. I know the current drops look dramatic, but there is no reason for concern just yet.

I've been here since 2014. And frankly, the bear market of 2015 is a lot worse. So much worse that many people are beginning to think crypto currencies are just a fad and will soon fade away - that the tech is not viable in today's world.

Cnut237

legendary

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The longer you've been here, the less you panic about these sort of drops. I've only been here since 2017, but the memory of the huge 2018 bear is a very strong one. The market is volatile, we all know this, we are told over and over again, and we can see it quite clearly in this price charts.

Remember BTC had a high of $20k, but it also dropped below $4k at the bottom of the bear. I know the current drops look dramatic, but there is no reason for concern just yet.

Landak

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Activity: 1386

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Quote from: sazonk on November 24, 2019, 09:44:55 PM

I suggest not to open the market today, because specifically today is worse than before, especially BTC, if you have more money then buy coins or tokens that are potential, if not you should hold not to cut loss. I was very shocked when I opened the market today, seeing the price of BTC and other yags all dropped. Hope this is a stepping stone to 2020 for BTC and altcoin

good advice, but unfortunately I already opened the market and was also surprised after seeing the price of btc at the moment. The worst possibility is that it will continue to fall at the lowest point of 5k or 5.5k usd. and agree with you not to cut loss. must be more patient, hold until 2020 whether it will get better or end badly.

ajaymukund

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Quote from: Harrydose on November 22, 2019, 06:33:29 AM

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

The reason is simple because bitcoin has risen from $ 3k3 to $ 14k over a long period of time and this is where sharks sold bitcoins. If you look at the weekly chart, you will see a great growth and now it is decreasing, just like the Dow theory. so this is the cause of the crowd psychology. We need to wait for more market movements to make a more accurate judgment.

Reatim

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Quote from: alani123 on November 22, 2019, 07:34:11 AM

Boy, seeing BTC fall more than 10% isn't new but certainly doesn't look or feel nice. People I think got tired of waiting for a new bull run and now we're going to see some real correction from the all time highs if a bear market starts. I think resistance is weak at this point.

maybe you are getting it right here mate as the market is now entering the Bear market zone all of the currencies are falling and can't even show some resistance so basically your prediction is coming as mentioned.

Quote from: sazonk on November 24, 2019, 09:44:55 PM

I suggest not to open the market today, because specifically today is worse than before, especially BTC, if you have more money then buy coins or tokens that are potential, if not you should hold not to cut loss. I was very shocked when I opened the market today, seeing the price of BTC and other yags all dropped. Hope this is a stepping stone to 2020 for BTC and altcoin

nice advice and that's what i did just this morning,i delete from History the capitalization site so i may not check for the mean time the prices.since it may also bring panicking if we continue to check it again and again.

sazonk

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Changing the game

I suggest not to open the market today, because specifically today is worse than before, especially BTC, if you have more money then buy coins or tokens that are potential, if not you should hold not to cut loss. I was very shocked when I opened the market today, seeing the price of BTC and other yags all dropped. Hope this is a stepping stone to 2020 for BTC and altcoin

NathanJB

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Quote from: VanDeinsberg12 on November 24, 2019, 06:49:48 PM

Quote from: mindrust on November 22, 2019, 01:31:09 PM

Quote from: fuguebtc on November 22, 2019, 01:25:20 PM

Quote from: VanDeinsberg12 on November 22, 2019, 06:54:01 AM

This is the reason
https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

So many people are putting a lot of their hopes in china but i personally never put a big expectation crypto to be adopted in short time. Remember about what already said by Xi-jinping is about blockchain and not crypto.

Many didnt pay attention to what Xi-jinping said and blindly bought BTC in bull run that started after his statement on blockchain, they are now cursing the crypto market.

Do you think a country like China which is a control freak btw, giving social scores to its citizens (they may not even give you a passport if you have low score) would adopt bitcoin which is a fuck you in the face to all governments? Keep dreaming. Bitcoin means freedom and the Chinese government is the complete opposite of that term.

China is a control freak country in term of its territory. You're right about bitcoin is a freedom and the centralized entities will always put it as an opponent to the absolute centralized system that created by the governments. China is the opposite party since when the bitcoin was created but, people are not even watched the full statements that already stated by XI in the past.

China is a control freak not just within its own territory but also outside its own territory. China wants to control other countries actually. They are currently bullying a lot of poorer countries so that they will be reduced into mere slaves in other words. China would say this and they will comply. China also showers them with projects that are actually a way for these poor countries to be indebted to it. There is no doubt that China is honestly an enemy to Bitcoin because Bitcoin means getting out of control.

VanDeinsberg12

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Quote from: mindrust on November 22, 2019, 01:31:09 PM

Quote from: fuguebtc on November 22, 2019, 01:25:20 PM

Quote from: VanDeinsberg12 on November 22, 2019, 06:54:01 AM

This is the reason
https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

So many people are putting a lot of their hopes in china but i personally never put a big expectation crypto to be adopted in short time. Remember about what already said by Xi-jinping is about blockchain and not crypto.

Many didnt pay attention to what Xi-jinping said and blindly bought BTC in bull run that started after his statement on blockchain, they are now cursing the crypto market.

Do you think a country like China which is a control freak btw, giving social scores to its citizens (they may not even give you a passport if you have low score) would adopt bitcoin which is a fuck you in the face to all governments? Keep dreaming. Bitcoin means freedom and the Chinese government is the complete opposite of that term.

China is a control freak country in term of its territory. You're right about bitcoin is a freedom and the centralized entities will always put it as an opponent to the absolute centralized system that created by the governments. China is the opposite party since when the bitcoin was created but, people are not even watched the full statements that already stated by XI in the past.

adroitful_one

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Quote from: gabmen on November 24, 2019, 12:44:21 AM

Quote from: zeze18 on November 24, 2019, 12:00:17 AM

Quote from: kynaz on November 23, 2019, 11:19:58 PM

Quote from: Getmon on November 23, 2019, 09:31:39 AM

The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

In order for the market to recover, a lot of new capital is needed because most of the old investors are feeling desperate at this time and they can easily panic sell if the psychology is not good. In my opinion the red color will last for at least another 2 years and you should accept this fact. For now, don't expect too much of the crypto market and wait patiently for another period.

That's why people are saying capital for crypto investment are must not from money that you will needed because they will panic and sell their assets with loss when they experienced big drop like this. I'm sure the price will recover but not in near future, if they can hold a little bit longer (only for bitcoin) i'm sure they will take the good result with profits because the potential growth of bitcoin in the upcoming years are big.

No I don't think old investors succumb to panic anymore. What's going on right now is part of a process that just repeats itself over time. We've already hit sub 4k bridging the end of 2018 and the start o this year. I don't think we should be afraid of a 7 or 6k dump. The market recovers whether you believe it or not and it has proven that it does in the past. A bloody market just gives you a chance to consider adding some bits to your stash.

Thank you! You're like the only person in this entire section that isn't panicking right now. It's just typical market volatility. Not much you can do about it but wait it out. As he said, at the beginning of the year, the price of Bitcoin was below $4k. We've almost doubled that even during this slight market recovery. The price is trending upward and will likely continue to do so. While I truly feel bad for anyone that got in at $18k, no one told you to do so. You should never buy into anything during an all time high. All you can do is sell for a loss and eat the losses or wait it out.

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Quote from: gabmen on November 24, 2019, 12:44:21 AM

Quote from: zeze18 on November 24, 2019, 12:00:17 AM

Quote from: kynaz on November 23, 2019, 11:19:58 PM

Quote from: Getmon on November 23, 2019, 09:31:39 AM

The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

In order for the market to recover, a lot of new capital is needed because most of the old investors are feeling desperate at this time and they can easily panic sell if the psychology is not good. In my opinion the red color will last for at least another 2 years and you should accept this fact. For now, don't expect too much of the crypto market and wait patiently for another period.

That's why people are saying capital for crypto investment are must not from money that you will needed because they will panic and sell their assets with loss when they experienced big drop like this. I'm sure the price will recover but not in near future, if they can hold a little bit longer (only for bitcoin) i'm sure they will take the good result with profits because the potential growth of bitcoin in the upcoming years are big.

No I don't think old investors succumb to panic anymore. What's going on right now is part of a process that just repeats itself over time. We've already hit sub 4k bridging the end of 2018 and the start o this year. I don't think we should be afraid of a 7 or 6k dump. The market recovers whether you believe it or not and it has proven that it does in the past. A bloody market just gives you a chance to consider adding some bits to your stash.

The panic selling continues and it adds more problems to the existing troubles, counting the consequences will not solve the problems, we need to reach the reasons behind the altcoin dump. The general overview of crypto traders will show the reasons for the dump which gets stronger with low BTC prices. Market revocery will take a few more years and 2021 can be a year of alt season, in my personal market view.

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Quote from: sehoon on November 22, 2019, 11:27:09 PM

I'm not saying that it's fine but I think bitcoin is going to find its way back. I trust bitcoin and blockchain technology. Even though some of you guys are telling that China really hates cryptocurrency, the downfall is just going to happen for now or until December. We've been here before and we know something's coming up. If you're expecting that it's going to boom in the next years or months, you can wait for it to get lower and keep on investing.

Bad news will often affect a lot of the psychology of investors and for me it is a very good opportunity to continue to buy Bitcoin at a cheap price because I predict December there will be a lot of big fluctuations happening. Currently people are still interested in this market and still choose to invest in Bitcoin because this coin is the only option of many people.

I personally will continue to believe this market in the near future and will continue to wait until the uptrend. It may take a lot of time, but I believe the crypto market will soon return to the best stage of development.

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Quote from: zeze18 on November 24, 2019, 12:00:17 AM

Quote from: kynaz on November 23, 2019, 11:19:58 PM

Quote from: Getmon on November 23, 2019, 09:31:39 AM

The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

In order for the market to recover, a lot of new capital is needed because most of the old investors are feeling desperate at this time and they can easily panic sell if the psychology is not good. In my opinion the red color will last for at least another 2 years and you should accept this fact. For now, don't expect too much of the crypto market and wait patiently for another period.

That's why people are saying capital for crypto investment are must not from money that you will needed because they will panic and sell their assets with loss when they experienced big drop like this. I'm sure the price will recover but not in near future, if they can hold a little bit longer (only for bitcoin) i'm sure they will take the good result with profits because the potential growth of bitcoin in the upcoming years are big.

No I don't think old investors succumb to panic anymore. What's going on right now is part of a process that just repeats itself over time. We've already hit sub 4k bridging the end of 2018 and the start o this year. I don't think we should be afraid of a 7 or 6k dump. The market recovers whether you believe it or not and it has proven that it does in the past. A bloody market just gives you a chance to consider adding some bits to your stash.

zeze18

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Quote from: kynaz on November 23, 2019, 11:19:58 PM

Quote from: Getmon on November 23, 2019, 09:31:39 AM

The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

In order for the market to recover, a lot of new capital is needed because most of the old investors are feeling desperate at this time and they can easily panic sell if the psychology is not good. In my opinion the red color will last for at least another 2 years and you should accept this fact. For now, don't expect too much of the crypto market and wait patiently for another period.

That's why people are saying capital for crypto investment are must not from money that you will needed because they will panic and sell their assets with loss when they experienced big drop like this. I'm sure the price will recover but not in near future, if they can hold a little bit longer (only for bitcoin) i'm sure they will take the good result with profits because the potential growth of bitcoin in the upcoming years are big.

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Quote from: Getmon on November 23, 2019, 09:31:39 AM

The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

In order for the market to recover, a lot of new capital is needed because most of the old investors are feeling desperate at this time and they can easily panic sell if the psychology is not good. In my opinion the red color will last for at least another 2 years and you should accept this fact. For now, don't expect too much of the crypto market and wait patiently for another period.

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It is very frustrating to see the current market conditions are bad. But we still have to think positively, by looking at bad market conditions
as an opportunity. I mean we can buy cheap favorite altcoins, our condition is in my opinion is great opportunity. Then from that there is no
need to panic seeing the price of cryptocurrency go down, and also don't always associate with china regarding the decline in cryptocurrency
prices at the moment. Because this condition occurs because of the manipulation of whales who want to buy coins at low prices. So we do not
sell coins that we have if the price goes down, we must be optimistic that the market will soon get better.

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Quote from: imutlinda on November 23, 2019, 12:32:42 PM

many people expect prices to recover as soon as new people will enter, but the market says otherwise. the conditions are still bad, we are still faced with the hope that this year there will be a good price surprise

Perhaps the current prices are an opportunity to get from cheap price. I am trying to look at the issue positively.

Although prices seem positive nowadays, they have experienced a big decrease. Many of us are still wondering whether it will touch $6900 level and how it will result if it does. Lets hope that the increase will begin because the opposite situation will cause great regrets.

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Quote from: Getmon on November 23, 2019, 09:31:39 AM

The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

many people expect prices to recover as soon as new people will enter, but the market says otherwise. the conditions are still bad, we are still faced with the hope that this year there will be a good price surprise

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The market is on reverse right now. The red hours are over and the green has already taken over the market. Not yet fully recovering though. The red was rather deep and the effects that it caused to the altcoins and Bitcoin were awful. But at least the red lines are now broken. We now hope that this green will continue to higher grounds and recover the losses that happened a day before.

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Quote from: DaMut on November 22, 2019, 07:31:39 AM

Quote from: youdacapt on November 22, 2019, 07:21:52 AM

I think the fundamental factor is very strong this time, once again the PBOC issues a practical attitude, but what about their logic of separating the blockchain from bitcoin as two different entities?. eth and other crypto are finally also affected by the same situation, if it does not distract then december enters the bloodbath period, I hope there is still a reversal effect.

Because Bitcoin and Blockchain are two different entities, Bitcoin is a product of the Blockchain itself while the Blockchain itself is a system.
is it really because of china? why do I feel like it is not because of them?
in my opinion, it is more likely a manipulation causing the price to drop because we are getting near to the end of the year.

Yeah, that is clearly a price manipulation by the Sharks in the financial markets. But let us be happy and quickly buy more BTC or Altcoins during this time. Black Friday is coming very close. I guess we can see a "flash sale 50%" at the end of this month.

friends1980

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Quote from: VanDeinsberg12 on November 22, 2019, 06:54:01 AM

This is the reason
https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

So many people are putting a lot of their hopes in china but i personally never put a big expectation crypto to be adopted in short time. Remember about what already said by Xi-jinping is about blockchain and not crypto.

Satoshi's Bitcoin has been developed and presented as a libertarian project, to take back power from banks, governments and corporations.

Those who have indeed put their hopes in a communist country to get rich overnight, whilst dreaming of "moon" and "bull" and other fantasies, are now whining about Bitcoin's death and "the end of crypto". They make me laugh and I hope they get out asap.

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Quote from: styca on November 23, 2019, 01:15:28 AM

Quote from: sehoon on November 22, 2019, 11:27:09 PM

I'm not saying that it's fine but I think bitcoin is going to find its way back.

Yes, I'm certain it will. You just need to have a look at the long-term price charts. We had that huge bull market in 2017, then the bear that cut really deep, and since then we've have a very significant recovery. A small dip now is nothing to be concerned about, it's all part of the cycle... and the overall movement on a long timescale is stil upwards. Bitcoin has as much potential as ever.

This situation makes so disappointed and feels so down but in the other hand to those new in the world of crypto currency community is a great opportunity to invest and definitely a great return in the future. I believe in the long period of time to those who will wait can have a good return in the future.

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Quote from: sehoon on November 22, 2019, 11:27:09 PM

I'm not saying that it's fine but I think bitcoin is going to find its way back.

Yes, I'm certain it will. You just need to have a look at the long-term price charts. We had that huge bull market in 2017, then the bear that cut really deep, and since then we've have a very significant recovery. A small dip now is nothing to be concerned about, it's all part of the cycle... and the overall movement on a long timescale is stil upwards. Bitcoin has as much potential as ever.

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I'm not saying that it's fine but I think bitcoin is going to find its way back. I trust bitcoin and blockchain technology. Even though some of you guys are telling that China really hates cryptocurrency, the downfall is just going to happen for now or until December. We've been here before and we know something's coming up. If you're expecting that it's going to boom in the next years or months, you can wait for it to get lower and keep on investing.

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Quote from: BChydro on November 22, 2019, 11:38:18 AM

Quote from: adroitful_one on November 22, 2019, 10:55:41 AM

This is why I tend to ignore almost anything that the Chinese government says about crypto. It will change at some point. Just let something that makes China look bad and all of those people will be out of the crypto market. Besides the ones that use VPN's or what not to get around the ban.

No one really cares about the news coming out of China and for all the long term investors in the market have first hands experience how they used to manipulate the market with FUD when they were dominating the trading market with the huge volumes they had and once the government halted those trades all these traders move to other exchanges and you really cannot ban the market.

Bad news regarding China is causing Bitcoin and some other coins to continue to have a massive collapse that makes things worse. This country really has a lot of whales manipulating and China is starting to dominate this market more so if you do not have the plan, you will easily lose money during this time. I personally will not invest in this period and will continue to wait until the market get better.

Fundamentals Of

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Quote from: samcrypto on November 22, 2019, 05:21:15 PM

Quote from: suryapro on November 22, 2019, 04:24:28 PM

Price increases are the main factor that is always expected by every owner btc or eth at this time. but all of that needs support and many factors that can cause the price increase. but we can still hope that at the end of this year the price increase will come.

There’s still hope for a much bigger price, this is just another bad trends for us but it wont last. Its true that we need more support on this, and more good news but so far China is making a big pressure to cryptoworld they are part of this dump and I hope it change. Price increase will happen but its hard to tell when it will happen, let’s hope that we welcome 2020 with a high price.

This is not something that is caused by China. It is best to not include China in every topic or in every movement of Bitcoin's price. China is not the central figure nor the biggest whale there is in Bitcoin. China is just a tiny player in the overall Bitcoin market.

This dump is nothing more than just an ordinary bearish movement of Bitcoin. This is not even the worst so there is no reason to worry as if everything will be turning from gold into stone.

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Quote from: Bitcoinjheta on November 22, 2019, 07:34:58 PM

Quote from: suryapro on November 22, 2019, 04:24:28 PM

Price increases are the main factor that is always expected by every owner btc or eth at this time. but all of that needs support and many factors that can cause the price increase. but we can still hope that at the end of this year the price increase will come.

Surely it increases the crypto market value of Bitcoin and altcoins after this huge down fall because this are being manipulated by big whales in a preparation for the next year pump. And this something what to be happened for the others who wants to buy an affordable coins in the market.

At the moment there is no news for people to trust this market and panic sell trend is going on causing all the coins to collapse. I think do not expect too much in the pump next year because up to now everything has just stopped at predict so you will face a lot of risks if not careful. I have stopped all investment plans in the last few days and am securing my assets in the safest way.

Of course there is still hope for the crypto market someday but before that happens there will be more adjustments here.

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Quote from: suryapro on November 22, 2019, 04:24:28 PM

Price increases are the main factor that is always expected by every owner btc or eth at this time. but all of that needs support and many factors that can cause the price increase. but we can still hope that at the end of this year the price increase will come.

Surely it increases the crypto market value of Bitcoin and altcoins after this huge down fall because this are being manipulated by big whales in a preparation for the next year pump. And this something what to be happened for the others who wants to buy an affordable coins in the market.

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Quote from: fuguebtc on November 22, 2019, 01:25:20 PM

Many didnt pay attention to what Xi-jinping said and blindly bought BTC in bull run that started after his statement on blockchain, they are now cursing the crypto market.

Crypto markets are not reasonable and people are ignorant, they can't see what's below the hype when they are following the buzz words. This makes markets easily manipulative. And it makes me think that some Chinese crypto media outlets might be using the language barrier as their advantage, to give news to short or long by.

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I've seen it dropped to $6,900 but the good news is it's able to rise up quickly to $7,300. Although this is still a big cross from the last price which was above $9,000. But the character of bitcoin for quick dump is also attached with quick recovery.

ETH also shares sentiment.

The drop from $170+ to $150+ is also a big loss on it. The lesson is that if there's a quick dump, there will be proper balance of it which shall result to quick rise too.

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Quote from: suryapro on November 22, 2019, 04:24:28 PM

Price increases are the main factor that is always expected by every owner btc or eth at this time. but all of that needs support and many factors that can cause the price increase. but we can still hope that at the end of this year the price increase will come.

There’s still hope for a much bigger price, this is just another bad trends for us but it wont last. Its true that we need more support on this, and more good news but so far China is making a big pressure to cryptoworld they are part of this dump and I hope it change. Price increase will happen but its hard to tell when it will happen, let’s hope that we welcome 2020 with a high price.

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Price increases are the main factor that is always expected by every owner btc or eth at this time. but all of that needs support and many factors that can cause the price increase. but we can still hope that at the end of this year the price increase will come.

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Quote from: fuguebtc on November 22, 2019, 01:25:20 PM

Quote from: VanDeinsberg12 on November 22, 2019, 06:54:01 AM

This is the reason
https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

So many people are putting a lot of their hopes in china but i personally never put a big expectation crypto to be adopted in short time. Remember about what already said by Xi-jinping is about blockchain and not crypto.

Many didnt pay attention to what Xi-jinping said and blindly bought BTC in bull run that started after his statement on blockchain, they are now cursing the crypto market.

Do you think a country like China which is a control freak btw, giving social scores to its citizens (they may not even give you a passport if you have low score) would adopt bitcoin which is a fuck you in the face to all governments? Keep dreaming. Bitcoin means freedom and the Chinese government is the complete opposite of that term.

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Quote from: VanDeinsberg12 on November 22, 2019, 06:54:01 AM

This is the reason
https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

So many people are putting a lot of their hopes in china but i personally never put a big expectation crypto to be adopted in short time. Remember about what already said by Xi-jinping is about blockchain and not crypto.

Many didnt pay attention to what Xi-jinping said and blindly bought BTC in bull run that started after his statement on blockchain, they are now cursing the crypto market.

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Quote from: Harrydose on November 22, 2019, 06:33:29 AM

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

i think too many people were expecting a yearly bullrun, like we had in 2017 there. Sadly i dont see it personally
times have changed, WAY more people are over-invested in crypto right now imo, profit taking will last into the 1/2ing i believe
Alot of lower value currency countries are now involved as well, so even 5k$BTC they will still sell, as its alot of money in their countries Sad

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Quote from: Harrydose on November 22, 2019, 06:33:29 AM

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

This is a very bad signal and it has broken the critical support zone of $ 7k5 and now it is trading at $ 7k1. I just hope the price can hold this strong support for a long time because if it continues to break out, the probability of bitcoin falling to $ 5k6 is very high. But don't worry too much, I think this is just a price manipulation by the whales and they force us to sell coins. This is a psychological strategy and we need to be strong and hold as planned, I don't believe the price will plummet again.

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Quote from: adroitful_one on November 22, 2019, 10:55:41 AM

This is why I tend to ignore almost anything that the Chinese government says about crypto. It will change at some point. Just let something that makes China look bad and all of those people will be out of the crypto market. Besides the ones that use VPN's or what not to get around the ban.

No one really cares about the news coming out of China and for all the long term investors in the market have first hands experience how they used to manipulate the market with FUD when they were dominating the trading market with the huge volumes they had and once the government halted those trades all these traders move to other exchanges and you really cannot ban the market.

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Quote from: VanDeinsberg12 on November 22, 2019, 06:54:01 AM

This is the reason
https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

So many people are putting a lot of their hopes in china but i personally never put a big expectation crypto to be adopted in short time. Remember about what already said by Xi-jinping is about blockchain and not crypto.

People really need to remember that the Chinese government is communism. If something were to happen that paints crypto and China in a bad light, they very well could outright ban all crypto in a matter of hours. This is why I tend to ignore almost anything that the Chinese government says about crypto. It will change at some point. Just let something that makes China look bad and all of those people will be out of the crypto market. Besides the ones that use VPN's or what not to get around the ban.

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people expect bullrun so here's what you don't expect. so the new comers thought this is their way to exit when the financial crisis comes but they find themselves in the abyss after seeing price dips this low. they'd soon find hell when the price breaksout to $10K after they sold their btc in panic. the least we expect to happen will always happen. this time i'm not really expecting bullrun but just watch the market.

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Quote from: Harrydose on November 22, 2019, 06:33:29 AM

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

This is caused by the bad news that china said they're anti with cryptocurrency, every bad news from china must be make the market dropped so hard and it happens almost everytime. But some people said it's a whale's strategy that they want to buy a cheap bitcoin before they hold it until the halving and the price will pumped hard. Let's see what will happen in the future

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Quote from: Strongkored on November 22, 2019, 10:06:04 AM

Quote from: DeathProxy on November 22, 2019, 09:19:18 AM

The present dump in price is connected to the Chinese promise of closing down local exchanges. Thesame rumours have had a negative effect on The crypto market. But not to worry this is not the first time we are experiencing a sharp dump like this, looking from a brighter side for another pump to happen this price correction needs to happen, the 9k support has veen holding for so long qnd given the weak resistance its normal to see this kind of dump. Hopefully before the end of the year we might see another huge pump, these things happen and i am highly expectant of another green market before end of the year

You mean Binance. No, it was not the closing of the local exchange, but only rumors from the Chinese media that the police had closed the Binance office in Shanghai. This was answered by Binance, the article was in the cointelegraph.
It could be what happens in the cryptocurrency market because big capital holders already have calculations when it's time to make the market go down and vice versa, the traders with small capital can only see that the market is in a bloody condition, can this be said of manipulation? Can be because word of manipulation is the easiest or most often pinned when market conditions are like now.

Not a new thing yet manipulation is sometimes obviously been executed for those people who want to surpress the price first before they can accumulate cheaper coins.Small traders/investors would really see this as a devastation event but if we do look on other perspective its pretty obvious that these are the sweetest spot for big players.A classic manipulation specially if media is already got involved.

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Quote from: DeathProxy on November 22, 2019, 09:19:18 AM

The present dump in price is connected to the Chinese promise of closing down local exchanges. Thesame rumours have had a negative effect on The crypto market. But not to worry this is not the first time we are experiencing a sharp dump like this, looking from a brighter side for another pump to happen this price correction needs to happen, the 9k support has veen holding for so long qnd given the weak resistance its normal to see this kind of dump. Hopefully before the end of the year we might see another huge pump, these things happen and i am highly expectant of another green market before end of the year

You mean Binance. No, it was not the closing of the local exchange, but only rumors from the Chinese media that the police had closed the Binance office in Shanghai. This was answered by Binance, the article was in the cointelegraph.
It could be what happens in the cryptocurrency market because big capital holders already have calculations when it's time to make the market go down and vice versa, the traders with small capital can only see that the market is in a bloody condition, can this be said of manipulation? Can be because word of manipulation is the easiest or most often pinned when market conditions are like now.

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The present dump in price is connected to the Chinese promise of closing down local exchanges. Thesame rumours have had a negative effect on The crypto market. But not to worry this is not the first time we are experiencing a sharp dump like this, looking from a brighter side for another pump to happen this price correction needs to happen, the 9k support has veen holding for so long qnd given the weak resistance its normal to see this kind of dump. Hopefully before the end of the year we might see another huge pump, these things happen and i am highly expectant of another green market before end of the year

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Quote from: alani123 on November 22, 2019, 07:34:11 AM

Boy, seeing BTC fall more than 10% isn't new but certainly doesn't look or feel nice. People I think got tired of waiting for a new bull run and now we're going to see some real correction from the all time highs if a bear market starts. I think resistance is weak at this point.

yes, falling more than 10% isnt new, but this is different. bitcoin has fallen more than its strong support at $ 7,300
it means that the price has high possibility to go lower than now
that's why i personally bear in this market, we need more time to gain high price

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Quote from: Harrydose on November 22, 2019, 06:33:29 AM

In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

Whenever people notices price fall reaching certain limit then they will start converting their coins into bitcoin or stable coin to safe them from heavy loss so this affected the ethereum's capital volume. But this is a trap or expected before? We are marching towards $6500?

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Quote from: watergold on November 22, 2019, 07:57:32 AM

Maybe this has become a sharper down market trend for manipulation it could be and the pope can also do it, but with the influence of China can also happen because with every statement from China there is always an impact on the crypto market but I just think with downtrends like this it won't take long but it will take a long time to recover.

China is one of biggest influential country both in centralized and decentralized world so no doubt China makes this happen. There is also an FUD toward Binance that could be one of the reason of recent dump. As the issue being resolved and once everything is clear it should not take long time to recover as people should not care about FUD anymore, they should get more confidence and don't let any bad news easily affect them in the future.

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Quote from: DaMut on November 22, 2019, 07:31:39 AM

Quote from: youdacapt on November 22, 2019, 07:21:52 AM

I think the fundamental factor is very strong this time, once again the PBOC issues a practical attitude, but what about their logic of separating the blockchain from bitcoin as two different entities?. eth and other crypto are finally also affected by the same situation, if it does not distract then december enters the bloodbath period, I hope there is still a reversal effect.

Because Bitcoin and Blockchain are two different entities, Bitcoin is a product of the Blockchain itself while the Blockchain itself is a system.
is it really because of china? why do I feel like it is not because of them?
in my opinion, it is more likely a manipulation causing the price to drop because we are getting near to the end of the year.

Maybe this has become a sharper down market trend for manipulation it could be and the pope can also do it, but with the influence of China can also happen because with every statement from China there is always an impact on the crypto market but I just think with downtrends like this it won't take long but it will take a long time to recover.

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Quote from: alani123 on November 22, 2019, 07:34:11 AM

Boy, seeing BTC fall more than 10% isn't new but certainly doesn't look or feel nice. People I think got tired of waiting for a new bull run and now we're going to see some real correction from the all time highs if a bear market starts. I think resistance is weak at this point.

Correct it's not new since we can see some ups and downs for it but actually it's kinda upsetting to see the continuously dump happening in the market right now and provably we can see more doubters since they didn't want to lose more profit if this dump continue and let's hope for betterment and see a good growth on December since some good insights is coming for that month or maybe in next year.

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Boy, seeing BTC fall more than 10% isn't new but certainly doesn't look or feel nice. People I think got tired of waiting for a new bull run and now we're going to see some real correction from the all time highs if a bear market starts. I think resistance is weak at this point.

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Quote from: youdacapt on November 22, 2019, 07:21:52 AM

I think the fundamental factor is very strong this time, once again the PBOC issues a practical attitude, but what about their logic of separating the blockchain from bitcoin as two different entities?. eth and other crypto are finally also affected by the same situation, if it does not distract then december enters the bloodbath period, I hope there is still a reversal effect.

Because Bitcoin and Blockchain are two different entities, Bitcoin is a product of the Blockchain itself while the Blockchain itself is a system.
is it really because of china? why do I feel like it is not because of them?
in my opinion, it is more likely a manipulation causing the price to drop because we are getting near to the end of the year.

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Quote from: VanDeinsberg12 on November 22, 2019, 06:54:01 AM

This is the reason
https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

So many people are putting a lot of their hopes in china but i personally never put a big expectation crypto to be adopted in short time. Remember about what already said by Xi-jinping is about blockchain and not crypto.

I think the fundamental factor is very strong this time, once again the PBOC issues a practical attitude, but what about their logic of separating the blockchain from bitcoin as two different entities?. eth and other crypto are finally also affected by the same situation, if it does not distract then december enters the bloodbath period, I hope there is still a reversal effect.

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This is the reason
https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

So many people are putting a lot of their hopes in china but i personally never put a big expectation crypto to be adopted in short time. Remember about what already said by Xi-jinping is about blockchain and not crypto.

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In the last 24 hours market has witnessed the superiority of the Bitcoin trading volume over the entire market capitalization of Ethereum. the volume of Bitcoin achieves $ 20 billion while ETH fell to $ 18 billion. Interestingly it was amid decreasing the value of BTC ‘s $ 8000 to $ 7500 marking a fall of 5%.

However, no reason so far justified this, The wind has turned to the reverse, due to the sudden drop encryption and this has put a great amount of pressure on Bitcoin as well.

On the other hand, other cryptocurrencies gather even more severe fate. ETH recently seemed to rise above BTC but the rapid reduction in supply, despite the addition of points to him, pulled him down on more than bitcoins.

The freefall trap has not only reached the world of encryption but all other assets like gold. The reason is not yet resolved.

Source: TheCoinRepublic

Topic: Cryptocurrency market continues to blood shed (Read 750 times)