this is a very bad market. bitcoin has never experienced a market like this before. lots of FUD, lots of panic, high sales volume and lots of hacking.
this year will not be like 2017. I think we have to hold our assets for a long time.
Topic: Current cryptocurrency market situation - page 25. (Read 3730 times)
I think that in few weeks the ETF statement influence will disappear and crypto market will continue the rise until 10-12,000$ per bitcoin until the end of the year. It is related to price of electricity that is used to generate one bitcoin. If price of bitcoin will rest low, most of BTC miners will stop mining. It will make bitcoin deficit and rise of its price.
ETF will be a big game changer. So let's hear it from SEC in about a week or two. There's still a lot of positive thoughts that the ETF might be approved but we can't really be sure, still the decision rest on the hands of the SEC. I'm not sure though about electricity, bitcoin mining is profitable even if the price goes below $6k, there will still be miners and I don't see them stop mining just because the price keeps declining.
Atleast bitcoin price not fall too far, I don't expect that bitcoin price will always reach new high level of price every years. Price will increase depend on the supply and demand not depend on time. The current market situation is bad for people who buy bitcoin at $12000-$2000.
Because the declined that we witness in the last couple of days in not panic selling, but rather traders shorting or cashing out and take the profits. I'm sure that they will come back and buy in this dip and we will see bitcoin bounce back again. Well if you bought it above $10K then there's no point of selling at this moment.
Atleast bitcoin price not fall too far, I don't expect that bitcoin price will always reach new high level of price every years. Price will increase depend on the supply and demand not depend on time. The current market situation is bad for people who buy bitcoin at $12000-$2000.
Its evident that there are still some uncertainties in the market and this I causing a big up and down and this has not made huge investor to bring in big funds into the market and the existing investor are scared of uncertainties and losing their investment so several dips has resulted from this. We hope this stops and the bull run resumes.
I think that in few weeks the ETF statement influence will disappear and crypto market will continue the rise until 10-12,000$ per bitcoin until the end of the year. It is related to price of electricity that is used to generate one bitcoin. If price of bitcoin will rest low, most of BTC miners will stop mining. It will make bitcoin deficit and rise of its price.
the market especially for the alts is desperating right now as the prices are in dip and whenever we say this is the dip it goes below 10% again day by day, the market is very unpredictable and has no support.
Most of 2018 has been rough for cryptocurrency prices, the back end of July has been a welcome relief for many crypto investors. During the last week, bitcoin climbed to a two-month high, topping $8,000 for the first time this summer. Analysts had predicted this increase in price based on their observations of an inverse head and shoulders pattern.
What is your opinion on the current market situation? 2018 has not been our year. It's been quite rough for cryptocurrency prices, with the most recent slump being from June 10, the market continues to fluctuate and change. But things seem to be looking up and bitcoin has reached its peak this summer, topping $8,000.
https://cointelegraph.com/news/what-is-going-on-with-the-crypto-markets-experts-share-opinions
Currently the market is very unpredictable and this year it will not be possible to pump. I think it's all because of too many new coins. So investors are confused investing in various coins.https://cointelegraph.com/news/what-is-going-on-with-the-crypto-markets-experts-share-opinions
If last year because coins were still small and all investors headed for bitcoin all, bitcoin could pump.
The bad news from the ETF and some expectations swayed the market. However, for the first time in a long time, Bitcoin did not hesitate due to security concerns during the uptrend. When Bitcoin ascended to the present day, a hacking news emerged and everything was reversed. Let's look at the last ETF statement. This ETF is the strongest and the anticipator will price Bitcoin upwards. We can see 10K level again in two week if ETF will affect BTC price. Or we will go down again.
Well ETF would mean people could buy bitcoin without the troubles that come with exchanges, that causes a set of different problems which eventually results in lack of trust from customers.I read that bitcoin ETF is to reverse the trend of falling prices, even hoping it could power the bitcoin price to beat December's near $20,000 highs.
The regulators did not meet expectations for ETF. Therefore, people are a bit disappointed. This topic is heavily speculated. Nevertheless, the fall is not that big.
Upon reaching its lowest point earlier this week, the total market value of cryptocurrency shrank more than US $ 550 billion. However, a number of experts in the industry see the potential for a new rally in the future.
Now is not the best time for the market of cryptocurrencies, but we have seen such situations many times and the cryptocurrencies has not disappeared and not depreciated. So I'm sure the situation will improve by the end of the year.
Yes, it is predicted by the experts that it's not only going to have an increment by the end of 2018 but John McAfee, Bitcoin supporter and founder of the popular McAfee antivirus software is pretty sure about the increment by the year of 2020, which seems surpassed comparing to last year's predictions. But that gives a positive attitude towards BTC growth.
Ahh, its not that rough ride made. Actually with smart investment and methods you could have earned bigger profits and wouldn't be arguing about the roughness of the market. Its simple that bitcoin fluctuated from 12k to 5K and now it is again regaining the dominance. This means you would have earned profits if you bought at the bottom and sold at current high. Now the bitcoin is dropping one more time and its time to buy and wait for the another hike. If you do that then surely you could earn profits rather than loosing something.
Now Bitcoin's dominance is about 48%, as in September 2017, then the cost was 4K Market Cap - 140 billion dollars.
At the moment, the 7.5K Market Cap - 270 billion dollars.
Given this, i can say for sure that nothing has changed, market capitalization has increased, but this does not mean that there will be demand, only market manipulation.
I think 10K by the end of the year is the maximum.
currently the situation is in bear market still is the time for buying or holding not good for selling , its the time to accumulate more bitcoin or alt coins . in my opinion to buy btc in dip partially not fully, once btc stable and start rally it gives good profit but mainly important dont lose money which u cannot afford to lose. dont invest much money which u cannot afford to lose. btc is not stable but btc dominance increases in coin market cap .
I think it's the smartest thing you can do, accumulate during the bear market. People should invest with a plan that way , in case of a lose , you dont loose everything at once. I think the current crypto market especially for btc seems to be just fine but people are still waiting for the big pump which really has not happen yet due to some unrelenting issues of btc. I think the altcoins has been undergoing tough ride this time for it has experienced several and long bear markets which I think would last a little bit longer if btc will remain dormant in it's current market value. However, I still believe that crypto market will recover in the coming weeks and bear market will fade away to give way on the coming bull market.
What proofs do we have that it will rise up again and will be topping its hights as it did at the beginning of the year? We are talking about investing and how unstable the market, not only crypto is! How sure can we be that the investment in cryptocurrencies won't end up as a failure again?
Yes, I agree, investing is a risky deal. But. As far as it is researched, there are many positive predictions towards BTC increment. It assures 2022 as the most positive year for investors.
https://smartereum.com/3351/bitcoin-price-predictions-2018-bitcoin-will-reach-25000-in-2018-and-125000-by-2022-bitcoin-price-today-thu-aug-2/
What is your opinion on the current market situation? 2018 has not been our year. It's been quite rough for cryptocurrency prices, with the most recent slump being from June 10, the market continues to fluctuate and change. But things seem to be looking up and bitcoin has reached its peak this summer, topping $8,000.
https://cointelegraph.com/news/what-is-going-on-with-the-crypto-markets-experts-share-opinions
https://cointelegraph.com/news/what-is-going-on-with-the-crypto-markets-experts-share-opinions
maybe inflation affects the weakness of bitcoin and this makes the market sluggish and maybe 2018 is not a good year for the decline in the value of bitcoin currencies and I am sure the next year. bitcoin will be high and soar
Now is not the best time for the market of cryptocurrencies, but we have seen such situations many times and the cryptocurrencies has not disappeared and not depreciated. So I'm sure the situation will improve by the end of the year.
I think that there will be a decline, somewhere by 10%, then again, by the end of the year Bitcoin's cost will be about 10K.
The bad news from the ETF and some expectations swayed the market. However, for the first time in a long time, Bitcoin did not hesitate due to security concerns during the uptrend. When Bitcoin ascended to the present day, a hacking news emerged and everything was reversed. Let's look at the last ETF statement. This ETF is the strongest and the anticipator will price Bitcoin upwards. We can see 10K level again in two week if ETF will affect BTC price. Or we will go down again.
ETF just delayed and maybe happen in september. Hopely bitcoin ETF approved because it will bring more investor to cryptocurrency market. If ETF approved by SEC, i am believe bitcoin price will be rising and it will affecting on altcoin price too. Big investor will be more confident when ETF approved
currently the situation is in bear market still is the time for buying or holding not good for selling , its the time to accumulate more bitcoin or alt coins . in my opinion to buy btc in dip partially not fully, once btc stable and start rally it gives good profit but mainly important dont lose money which u cannot afford to lose. dont invest much money which u cannot afford to lose. btc is not stable but btc dominance increases in coin market cap .
Jump to: