Do you think crypto prices will collapse further tomorrow?

Abiky

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Quote from: tyz on November 28, 2021, 04:16:17 PM

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

I don't think the new COVID variant will negatively affect crypto prices on the market. After all, crypto lives in the digital world. It's traded 24/7 across exchanges (unlike stocks). The market may be bearish right now, but that's bound to change soon as Bitcoin attracts investors due to ever-rising Fiat inflation rates. I see the current situation as a big opportunity to grab prominent cryptocurrencies at a discount. Bitcoin is quite a bargain these days, considering that it went to nearly $70k this year. Experts are predicting it'll go to $100k, so buying a few coins now might be the wisest decision you'll ever make. Prices going down shouldn't be much of a concern if you sold coins when the market was bullish. As long as you play your cards right, you'll have nothing to worry about. Just my thoughts Grin

Botnake

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Quote from: dataispower on December 02, 2021, 03:19:02 AM

Bitcoin price i know does not have a fixed price in particular, the price can degraded from the market determinant, collapsing of the price can be experience alongside of the day because the price is not always be constant, from the experience the price is 560000 thousand and it degrade to 540000 that does not signified that the price is in collapse motion, tommorow might be different from the next day price.

That’s how volatile bitcoin is. The price might be down at the present but it might be very different the following day. It also goes the same with solid altcoins because even if they have bad days today, once positive news will come in the market, they have all the chances to skyrocket again. So it’s far from reality that crypto prices will collapse after this correction phase. Having a bearish and bullish season is part of the crypto market, and if the market looks bearish at the moment, next to it is definitely a bullish season for us crypto hunters.

dataispower

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Bitcoin price i know does not have a fixed price in particular, the price can degraded from the market determinant, collapsing of the price can be experience alongside of the day because the price is not always be constant, from the experience the price is 560000 thousand and it degrade to 540000 that does not signified that the price is in collapse motion, tommorow might be different from the next day price.

perfect999

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Quote from: sitbang on December 01, 2021, 07:10:31 AM

top coins like bitcoin, ethereum, bnb are still doing well, I would say it may have no effect for the new Corona variant with the krypto market, as lately the market seems to be in good health and volume is high, I'm sure it will continue again in the quarter early next year.

Bitcoin had a decrease today, and there have been some analysis that are predicting that there would be further decrease. But this has been something that we have been experiencing for very long time now, so I am also on the side that it wouldn’t go below the 50,000 mark, after a short time the price would still go up above $60,000.

We have already experienced this kind of thing when the prices went from around 64,000 and down to $50,000. So, it’s just the same thing. Currently I would say that the market is still in a good condition, and it would continue like that throughout this December. Am I swear expecting a bullish trend before the year runs out. Even ethereum seems to do quite OK and a lot of them.

sitbang

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top coins like bitcoin, ethereum, bnb are still doing well, I would say it may have no effect for the new Corona variant with the krypto market, as lately the market seems to be in good health and volume is high, I'm sure it will continue again in the quarter early next year.

StarKay

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Today is first day of December and the market is actually up after a little volatility, so far it's difficult to predict what will happen in terms of prices this month but I predict BTC, ETH, and BNB to maintain their current price. BNB, ETH and maybe Polygon may be a good Hodl this season.

oemar bakrie

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there is such a possibility..
but judging by the economic risks during the pandemic, it will actually be an opportunity to increase the price of crypto which everyone is required to be able to adapt to by working at home and also doing new habits without having to take high risks..

Juse14

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Quote from: tvplus006 on November 30, 2021, 07:40:05 AM

Quote from: Juse14 on November 30, 2021, 06:57:53 AM

Quote from: eXtremal on November 30, 2021, 05:33:13 AM

The end of the year to the beginning of the year is usually a negative market for cryptocurrencies I feel the current correction is a natural thing. But I'm confident that next year's correction won't be as severe as 2018. We know that the worst history of cryptocurrency is the bull market of 2018.

Oh really? but i see till now there has been no such sign and now it seems rather like in 2020 that indeed they have even reached a new ath in some coins (apart from bitcoin)...

This is not surprising, since every investor has to pay tax at the end of the year. And every major investor chooses for himself the maximum price for sale, which will allow him to record a profit for 2021. It is quite possible that December will become just such a month when the price will decrease relative to the current one due to the large number of positions being closed.

Ok, thank you for the warning and knowledge you gave because I just found out about things like this.
on the other hand it would make a lot of sense if something like that could happen because indeed most people would probably reset their finances and start over from scratch.
That means there are only 2 possibilities now,
1. Can we take advantage of the momentum by selling all the assets we have and buying again at the right price?
2. Keep holding on to the assets we have and will not waver even if there is a decline.

sherenikaw

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I say that this is not a good thing considering that the crypto market is currently in a downturn. a lot of coins whose prices are dropping further and further down. but if you look at the price of btc it has started to rise in price and I hope altcoins will follow suit so the market recovers quickly. but we can only wait until the green market returns by holding it in so as not to lose too many losses. stay patient to wait for the market to recover and I hope it can happen soon.

Marykeller

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The new variant of covid-19 won't affect the economy of the world as the way it did last year. You shouldn't assume that the fluctuations of bitcoin are based on the corona variant disease happening in some countries now. Before the corona variant started, the bitcoin price has been fluctuating beforehand.
Concerning whether the crypto price will lose its value tomorrow, I don't think so cos crypto market is volatile ie it fluctuates (reduce and recover in price back)

crzy

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Quote from: Galley on November 30, 2021, 02:36:24 PM

Every day our market falls and grows. Bitcoin goes up and down and Covid-19 does not interfere with it in any way. The next restrictions due to the pandemic can cause any of his movements, and how it will actually be anyone's guess.

This market has been reacting over the global news since then so I also think that if there’s a news about the new covid variant most probably the market will react on that either to go up or go down for a while. Crypto are still vulnerable and not a perfect market so expect a bear market always but don’t worry because good projects can recover in time, we’ve been through a lot of pumps and dumps already and look at the market now, its getting better.

redsun114

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Quote from: isaac_clarke22 on November 30, 2021, 01:21:38 PM

it is kind of similar to stock market, but the factors that affect both are different at some cases. Do I think that crypto price will continue to lose? Yes and no. It is just crypto being crypto. It is just unstable as what we had always experienced for every year with crypto.
Corona variant wouldn't really affect it that much, since it is not yet at that point where it is worrysome.

I suspect that there are plenty of things that impact both stock market and crypto market all the same, whereas there are stuff that impacts them very differently as well.

The difference is that, if the problem is based on economy in general (like covid) then both will get affected, whereas if it is about just stock market problems (aka 2008) then it is mostly good for crypto but bad for stock, or if the problem is more regarding some crypto currency turning out to be scam or whatever and billions are gone? That will impact crypto a lot worse but it won't be cared in stock market. All in all there are all kinds of possible ways, so I assume it is definitely going to be different in each time.

Galley

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Every day our market falls and grows. Bitcoin goes up and down and Covid-19 does not interfere with it in any way. The next restrictions due to the pandemic can cause any of his movements, and how it will actually be anyone's guess.

isaac_clarke22

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Quote from: tyz on November 28, 2021, 04:16:17 PM

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Well sure it is kind of similar to stock market, but the factors that affect both are different at some cases. Do I think that crypto price will continue to lose? Yes and no. It is just crypto being crypto. It is just unstable as what we had always experienced for every year with crypto.
Corona variant wouldn't really affect it that much, since it is not yet at that point where it is worrysome.

Digital_Lord

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Of we put a glance on 4 year chart December is not good for crypto. There is possibility of some negative market but metaverse and trending coin can be bullish.
Due to new Corona Layer there may be some dump but we should not totally quit crypto. Lets see what happen on first Dec.

Alisha FR

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I don't think Corona has any effect on crypto. The reality is that ever since the Corona virus appeared, the prices of all cryptos have increased a lot. Although there is a lot of information about the new Corona variant, I'm still sure it won't give crypto a bad value. Price movements are influenced by many other factors, not because of the currently announced Corona variant.

glendall

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there is no influence between the new virus and the price of bitcoin, because the value of bitcoin is different from stocks where stocks are very influential in the economy of a country and while bitcoin is a group of people who invest and buy and sell crypto currency, only for profit.
and tomorrow's price drop problem I don't think will be too deep because BTC is still at 54k$

kojektea

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I think crypto will go down but it won't go down far. Because the corona virus has a beneficial side in cryptocurrency. Like digital transactions for example. If the virus can directly contract it will be infected then with digital currency is the solution for payment.

Teknisi88

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I think it's possible, it could happen at any time.
When the price of bitcoin has almost touched its highest price, many people are trying to make a profit by selling their bitcoins. The more people sell their bitcoins, the more the bitcoin price will fall.
This drastic price movement will scare other bitcoin owners so they don't want to lose anymore and immediately sell their bitcoins. As a result, the price of bitcoin could continue to fall.

Anguwa

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Quote from: tyz on November 28, 2021, 04:16:17 PM

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

Cryptocurrency market is really fluctuating due to one reason or another, but the tendency of crypto price going down completely is very low, because Bitcoin as the pioneer cryptocurrency token, has plenty investors that are really ready to promote crypto activities. Also the trust people have in bitcoin and some crypto tokens keep making people to invest in cryptocurrency.

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