Topic: Cryptocurrency market to suffer from strong correction - page 5. (Read 2125 times)
I do not believe cryptocurrency market will collapse, I do not have to advise you to invest or not. Trading in any form is risky and therefore you must take responsibility before making a trading decision.
The correction is becoming obscure as time passes. From May till now, there have been series of corrections and that do not give immature traders with so much hope in the market. One thing that is not helping the entire ecosystem is the fact that fundamentals and sentiment is killing the market; with few greedy individuals manipulating the prices.
We always accuse whales, but they aren't only ones who affect the price. There are too many day traders, how many people constantly sell and buy bitcoin, and in which pairs? Do you know how big news affect masses? Correction in this case means stabilizing between supply and demand, like any market this crypto market has it's movement.
Where is the problem? I said too many traders, everyone wish to earn a lot, to buy cheap today and sell tomorrow for 100 times higher price, is that normal? Instead to invest in crypto and use it for what it's meant to be used people just pump and dump coins. Here I count all alts too. Because people don't use it for anything else then speculations and trading market has periods when too many people is selling and not so many people are willing to buy anymore, price needs to suffer.
But we are young market have that in mind, there is a lot of space for growing, improving, everything will sit on it's place one day in the future.
The correction is becoming obscure as time passes. From May till now, there have been series of corrections and that do not give immature traders with so much hope in the market. One thing that is not helping the entire ecosystem is the fact that fundamentals and sentiment is killing the market; with few greedy individuals manipulating the prices.
I don't think Bitcoin will fall by 90%. Altcoin may appear, but Bitcoin has such a large user base. Many whales/sharks hold Bitcoin, and they won't let Bitcoin crash!
yes you are right in my opinion the condition of the cryptocurrency price at the exchange place at this time is really awful a lot of bad news that attacks the cryptocurrency that makes many panic and prices collapse.
2018 has seen quite a number of rumours, and news regarding the state of crypto currencies
Some have been possitive, like the 2 top news channel commited to publicizing cryptocurrencies.
And negative news, like restrictions of crypto ads on some social platforms.
This I believe is the nature of cryptocurrency
And there would be more adjustments in the future.
Some have been possitive, like the 2 top news channel commited to publicizing cryptocurrencies.
And negative news, like restrictions of crypto ads on some social platforms.
This I believe is the nature of cryptocurrency
And there would be more adjustments in the future.
Look at the trend. The price now a similar to month ago, so it's correction.
At the end of the June, the deep was on 5800 lvl.
The market was waiting for the correction to sell at high and now will wait for deeps to buy at a right price.
Still, BTC price not yet falls to the last year lvl. Will see what will happen during the next several days.
At the end of the June, the deep was on 5800 lvl.
The market was waiting for the correction to sell at high and now will wait for deeps to buy at a right price.
Still, BTC price not yet falls to the last year lvl. Will see what will happen during the next several days.
Bitcoin hit a new low in recent days, and I think Bitcoin may continue to fall if there is no good news! CFTC and SEC have announced that Ethereum is not a securities!
Similar price correction has been taking place from the beginning of the year after it fell from the peak value. To me, suffering strong corrective measures is good for a sustained growth. With bitcoin at times manipulations from whales gives an outline as a correction which needs to be identical for users, so that one can be successful through cryptocurrency than fearing on correction.
Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.
On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.
Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction
On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.
Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correction
However, With the recent drop, cryptocurrencies are apparently overvalued. For instance, Dentacoin was once valued at $466 million. How many dentists and members of the global dental community are actually using the Dentacoin blockchain network to settle payments or rate clinics? How many users are actually utilizing Tron’s content distribution network and is it enough to justify its $3 billion market cap?
At one point, Tron was worth $18 billion. Dentacoin was also valued at more than a billion dollars. This was influemced by the arrogance of investors, and the choice of narrowminded traders aiming for short-term profits created short-term bubbles in cryptocurrencies that are simply not ready to earn multi-billion dollar market caps and millions of active users.
Almost the entirety of all prices are based on speculation. It’s all those idiots who rushed in at the same time, who are rushing out at the same time. We have seen the problem, and it’s us. What matters now is what your reaction ought to be. You should only invest in and hold coins which you believe will be used, extensively, in the long run. If you bought coins on a whim, without an investment thesis, based on hype, well, they are pure speculation.
no analyst can reliably say what will happen to the crypto currency even in a month. it's only speculation! some of them please, and some do not. and those who like, will say that they are professionals, but this is only an accident.
These are speculation and this is part of the market.
that's why the majority of the news you hear is all negative...
but I expect good news from their upcoming decision
that's why the majority of the news you hear is all negative...
but I expect good news from their upcoming decision
The correction was not major and it is over as well. The market has already begun to rise from yesterday and people who have bought at lower level have started to earn profits as well. So better late than never for those who have still not bought the coins.
Already it has faced several massive price corrections. This at times generate panic among the users who were new to cryptocurrency based investments. However high the corrections might be, who trust on the network gets the best once the correction gets over leading to a forward price pumping.
Exactly. I think not big and it's over.
The market has begun to rise since yesterday and those who have bought at low have started to make a profit as well.
This is the time to determine the direction of this market in the future, I hope that it will not disappoint investors.
Certainly so.
Already it has faced several massive price corrections. This at times generate panic among the users who were new to cryptocurrency based investments. However high the corrections might be, who trust on the network gets the best once the correction gets over leading to a forward price pumping.
Exactly. I think so. This sometimes creates panic among new users engaging in electronic money. However, the high level of correction may be due to the psychological strength and experience of professional investors.They are less affected by market corrections than they are a concern.
I think the worst might be over for this year, Ethereum has been classed not to be a security, and most of the social media restrictions has been lifted. The price is still high to for the top coins.
Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously.
On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.
On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities.
With the coming quantum technologies, the current market must experience many changes. To be more exact, many coins will leave the market, as there will simply be no demand for them, due to the same technological superiority. Without certain experience, Trading and Hodling are risky. The most acceptable method of investing at the moment is ICO. For a more successful contribution, you need to carefully analyze the project. Identify is necessary for the market side. For example, the Kelvin Blockchain project has an innovative method of encryption, transmission, storage, and security. All this is based on quantum computing. Thus becoming in demand in the future.
The rise of cryptocurrencies may be affected by the central bank's MLF operations, and governments will continue to introduce quantitative easing policies. This kind of force majeure will shrink, and the price of encrypted digital currencies will gradually increase!
With the recent publication that BTC and ETH are not classified as securities, we all heaved a sigh of relief, but eventually regulations would most likely revamp cryptocurrency as we know it know.
2018 is not good for any cryptocurrency sofar. Bitcoin price is on the way downstream. It reached almost $6,000, but I think this price is normal because if we look the price in August 2017 it was about $3500 and if the price of Bitcoin increased with the market cap it was approximately the same is it is today. So I think these corrections are normal.
Just it seems to me that the coins that currently occupy the leading positions in the market will survive, because they have the value and demand for most people!
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