Topic: Current Market state - page 7. (Read 812 times)
Bitcoin slid 3.3% due to the news that CBOE withdrew its VanEck/SolidX ETF application, but I believe we're safe from the panicking sentiments of market-makers currently due to the fact that CBOE refiled an application with changes according to the requirement of a new rule proposed by SEC. I think that this ETF issue looks to being over hyped. As well, QuadrigaCX CEO died in an Indian hospital in Jaipur, leaving everyone fruitless as with him, died all the passwords of the wallets where INR 1000 Crore (avg. CAD $190 million) of investors and company claimed they won't be able to continue running the platform and pay their workers. And from the trading point of view, major traders are forecasting a huge probability of BTC going near $2000 to set new lows before a major bull run takes place.
in my opinion the current market price is not good we can remember that in 2017 it was a profitable year for the market and the price was stable at that time I thought that way
If Bitcoin keeps hovering the 3,500 or 3,000 then potentially it can easily be drag down if it break outs lets hope for a miracle, I don’t wan’t to be negative but I guess this is a long bear battle for all of us long term holders except for swing traders.
no one can predict all crypto currencies and crypto markets until now because it has become a risk and the nature of the crypto currency itself the confidence and patience of investors remain the main capital in investing in crypto currencies
I think that soon the prices will stay in place, well, and then we don’t know what will happen, well, I think there will not be a fall, though it’s not known when exactly everything will move.
If Bitcoin keeps hovering the 3,500 or 3,000 then potentially it can easily be drag down if it break outs lets hope for a miracle, I don’t wan’t to be negative but I guess this is a long bear battle for all of us long term holders except for swing traders.
no one can predict all crypto currencies and crypto markets until now because it has become a risk and the nature of the crypto currency itself the confidence and patience of investors remain the main capital in investing in crypto currencies
If Bitcoin keeps hovering the 3,500 or 3,000 then potentially it can easily be drag down if it break outs lets hope for a miracle, I don’t wan’t to be negative but I guess this is a long bear battle for all of us long term holders except for swing traders.
no one can predict all crypto currencies and crypto markets until now because it has become a risk and the nature of the crypto currency itself the confidence and patience of investors remain the main capital in investing in crypto currencies 
I doubt it would make sense for Iran to have a cryptocurrency since even with USA sanctions at the end of the day how would you cash out without breaking the sanctions ? I mean you need to buy the Iranian cryptocurrency by paying either fiat or bitcoin or whatever (which you can buy with fiat) and when you have the Iranian crypto currency you need to turn that into fiat or bitcoin (which you can turn into fiat) and all of that comes down to depositing or withdrawing from a BANK which will not allow you to do so.
Hence, Iranian sanctions can't be really broken with a crypto currency if banks do their due diligence and exchanges are KYC approved places that government keeps a track of. Is it possible? Yes but it will be quite difficult to achieve and would involve a lot of risks to even attempt.
Hence, Iranian sanctions can't be really broken with a crypto currency if banks do their due diligence and exchanges are KYC approved places that government keeps a track of. Is it possible? Yes but it will be quite difficult to achieve and would involve a lot of risks to even attempt.
Yesterday all crypto was almost red, this situation was getting worse because we were in Q1 for the new year. regarding your statement about the plan to use crypto as a financial transaction, I think indeed the state will only support one coin that they support, and may not have a big impact on the overall market situation. unless they support 100% bitcoin.
but if in my opinion the market from the beginning of the year has begun to change quite well. and if many countries support one coin such as bitcoin then it is likely that it will make the market like 2017 if in my opinion 
Yesterday all crypto was almost red, this situation was getting worse because we were in Q1 for the new year. regarding your statement about the plan to use crypto as a financial transaction, I think indeed the state will only support one coin that they support, and may not have a big impact on the overall market situation. unless they support 100% bitcoin.
The current market situation in my opinion is down so that we as bitcoin users must patiently wait for the value of bitcoin to rise again. Rest assured if someday bitcoin will rise and become high in value.
Obviously its down but if you look at the market in the last couple of months, not that much selling off so I would assume that we won't see any dramatic price fall, well, I hope so. Yes, we all know that sooner or later the will slowly pick up and then recovery followed by a massive panic buying again. But it will take months for it to happen so everyone should stay tune.You never know when an old whale will come along and decide to dump his bags. Even though the price looks fairly stable this can happen anytime. We already saw what happened with the Bcash war and the mass dump that followed.
Swift's action I guess is the result of XRP's drop and they though SWIFT is just going to die without a fight but I think it will kill XRP instead. So its possible for a country to really create their state-backed cryptocurrency. How do you think will be the consequences in avoiding US sanction?
If they'd be successful as I think they will since their Economy lies much on oil, more countries will follow.
SWIFT Reveals Plans to Launch Proof-of-Concept With Blockchain Consortium R3 Major global banking payments network SWIFT announced plans this week to develop a Proof-of-Concept of a gateway that will let blockchain consortium R3 link to GPI (Global Payments Innovation) payments from their platform. According to SWIFT, users of the R3 platform will be able to authorize payments through the new GPI Link, settling GPI payments with the users’ banks, with the credit confirmation reported back to the trade platforms via GPI Link.
I wonder why ICObench is talking about the current market state in general, rather than popularising news on ICOs.
Current Market state
During last week the crypto market did not suffer a lot from the price fallout. Overall total market cap is $114 billion, nearly the same as a week ago.
Bitcoin had a tough week as the top coin slid 3.3% this week. The positive fact about Bitcoin is that it still holds itself close to USD 3500.
Ripple (XRP) still holds second place again with a market cap of $12,4 bln but Ethereum still stays in close vicinity. On the top, this week the prices of XRP were at USD 0.333835 and towards the bottom, it quoted USD 0.285888.
SWIFT Reveals Plans to Launch Proof-of-Concept With Blockchain Consortium R3 Major global banking payments network SWIFT announced plans this week to develop a Proof-of-Concept of a gateway that will let blockchain consortium R3 link to GPI (Global Payments Innovation) payments from their platform. According to SWIFT, users of the R3 platform will be able to authorize payments through the new GPI Link, settling GPI payments with the users’ banks, with the credit confirmation reported back to the trade platforms via GPI Link.
Iran Plans Release of Digital Currency With Aim to Avoid US Sanctions
Iran is soon planning to unveil its state-backed cryptocurrency, local sources reported this week. The so-dubbed crypto-rial would potentially serve as a way
for the country to sidestep sanctions, the most debilitating of which is the lack of access of most Iranian banks to the SWIFT payment system. Iran is also
currently reportedly in talks with eight countries to discuss the possibility of using cryptocurrency for financial transactions, but the local sources were unclear if it concerns crypto in general or a state-backed coin. Also this week, Iran released a draft of its crypto regulation plans, noting that some aspects of
crypto would be banned.
Read more news in ICObench Weekly Digest for the week #5 of 2019
➡️ https://icobench.com/digest?utm_source=report
During last week the crypto market did not suffer a lot from the price fallout. Overall total market cap is $114 billion, nearly the same as a week ago.
Bitcoin had a tough week as the top coin slid 3.3% this week. The positive fact about Bitcoin is that it still holds itself close to USD 3500.
Ripple (XRP) still holds second place again with a market cap of $12,4 bln but Ethereum still stays in close vicinity. On the top, this week the prices of XRP were at USD 0.333835 and towards the bottom, it quoted USD 0.285888.
SWIFT Reveals Plans to Launch Proof-of-Concept With Blockchain Consortium R3 Major global banking payments network SWIFT announced plans this week to develop a Proof-of-Concept of a gateway that will let blockchain consortium R3 link to GPI (Global Payments Innovation) payments from their platform. According to SWIFT, users of the R3 platform will be able to authorize payments through the new GPI Link, settling GPI payments with the users’ banks, with the credit confirmation reported back to the trade platforms via GPI Link.
Iran Plans Release of Digital Currency With Aim to Avoid US Sanctions
Iran is soon planning to unveil its state-backed cryptocurrency, local sources reported this week. The so-dubbed crypto-rial would potentially serve as a way
for the country to sidestep sanctions, the most debilitating of which is the lack of access of most Iranian banks to the SWIFT payment system. Iran is also
currently reportedly in talks with eight countries to discuss the possibility of using cryptocurrency for financial transactions, but the local sources were unclear if it concerns crypto in general or a state-backed coin. Also this week, Iran released a draft of its crypto regulation plans, noting that some aspects of
crypto would be banned.
Read more news in ICObench Weekly Digest for the week #5 of 2019
➡️ https://icobench.com/digest?utm_source=report
Seems that this cycle ends, so I hope new cycle will be uptrend...
The current market situation in my opinion is down so that we as bitcoin users must patiently wait for the value of bitcoin to rise again. Rest assured if someday bitcoin will rise and become high in value.
Obviously its down but if you look at the market in the last couple of months, not that much selling off so I would assume that we won't see any dramatic price fall, well, I hope so. Yes, we all know that sooner or later the will slowly pick up and then recovery followed by a massive panic buying again. But it will take months for it to happen so everyone should stay tune. The current market situation in my opinion is down so that we as bitcoin users must patiently wait for the value of bitcoin to rise again. Rest assured if someday bitcoin will rise and become high in value.
Here and confidence is not necessary. This is an obvious fact because people will not let disappear or fall to 0. Human greed works in both directions, judge for yourself.
The current market situation in my opinion is down so that we as bitcoin users must patiently wait for the value of bitcoin to rise again. Rest assured if someday bitcoin will rise and become high in value.
So to summarized, the price of Bitcoin and the rest of crypto is still stagnant and not moving on any directions.
Please don't listen to these so called experts. They are just like you and me, making wild educated guesses. If the price falls then so be it.
For now there is a strong support at $3200 so I don't think we can see the price hit another all-time-high but this bear market will go and continue unless there's some catalyst to push the price significantly higher.
The current state of the market can actually be described in two words: a "steady decline". Even some experts say that the same bitcoin could fall to 2500.
Please don't listen to these so called experts. They are just like you and me, making wild educated guesses. If the price falls then so be it.
If Bitcoin keeps hovering the 3,500 or 3,000 then potentially it can easily be drag down if it break outs lets hope for a miracle, I don’t wan’t to be negative but I guess this is a long bear battle for all of us long term holders except for swing traders.
For now there is a strong support at $3200 so I don't think we can see the price hit another all-time-high but this bear market will go and continue unless there's some catalyst to push the price significantly higher.
The current state of the market can actually be described in two words: a "steady decline". Even some experts say that the same bitcoin could fall to 2500.
Yeah that would be the case if the holders will going to sell their holdings due to panic after the downfall and considering that it may fall for more then expect more panic selling. I know more of the investors now stilll holding with worries in their mind on what will probably will going to happen on bitcoin market price.
The fact that both the announcement of the SWIFT & R3 partnership and also the Govcoin for Iran dubbed crypto-rial had no significant impact on the price is very good for Bitcoin. 
You should think that the market would have reacted on this news, but I think they know it has very little impact on the global market. SWIFT are not currently using Bitcoin for global banking payments, so it is not taking away market share from Bitcoin and the same goes for the government of Iran.
You should think that the market would have reacted on this news, but I think they know it has very little impact on the global market. SWIFT are not currently using Bitcoin for global banking payments, so it is not taking away market share from Bitcoin and the same goes for the government of Iran.
The current state of the market can actually be described in two words: a "steady decline". Even some experts say that the same bitcoin could fall to 2500.
Yeah that would be the case if the holders will going to sell their holdings due to panic after the downfall and considering that it may fall for more then expect more panic selling. I know more of the investors now stilll holding with worries in their mind on what will probably will going to happen on bitcoin market price. Jump to: