Do you think that market is oversold and bounceback soon? - page 9.

lrvjvt

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Quote from: sudeshkumar on December 16, 2018, 06:10:29 AM

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

Not in the long run, it seems to me that most altcoins will never recover. They have lost not only their value, but also their trust in crypto, especially altcoins.
Even the top 10 altcoins that I had hoped for most were not really satisfactory.

cabron

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Most shitcoins I think were not totally destroyed yet. It will take months before it will show signs of support getting stronger. Its not going to bounce back as quick as possible, that would be giving away money from the hands of those who wanna pump the market. This bear market will keep testing the weak hands over and over for probably more than 2 years again.

chocopapaya

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I don't think we have seen the bottom yet.
It is actually looking like we are going to go lower, like btc going down to $2500 or so.
There have only been very small rises in value but overall steady decline with the crashes.

A lot of people were hoping for an end of the year bull run, and now that the market crashed even more, people have lost hope.
Now everyone is hodling for dear life, can't expect new money to come in.

We will most likely see a stabalization in jan. and a prolonged bearish market throughout most of 2020.

I don't expect things to really pick up until late 2020.
Expecting things to turn around soon doesn't seem likely at all.

bit-freedom

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I agree with OP, the market seems to be oversold. Solid coins such as ETH, Neo and etc have fell to at least more than 10 times more than ATH. When market recover, rebounce is highly likely.

kidoseagle0312

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Quote from: sudeshkumar on December 16, 2018, 06:10:29 AM

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

Yes I do agreed that in the near future the market will bounce back again, we may faced a long period of waiting for the bull run, but it doesn't mean that we are giving up our belief unto it, of course not! Just let us stay strong of waiting on this things. So while we wait then if you capital to invest here take the chance to buy those cheap coins in the exchange market.

sulis sudibyo

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Quote from: sudeshkumar on December 16, 2018, 06:10:29 AM

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

I agree the market will recover in the future. but even though at the moment the market is oversold but there is still a possibility that prices will fall more than this. we cannot rely on this alone, because there are still many things to pay attention to, one of which is news and others.

thesmallgod

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of course there will be chances again but when it will occur is what is very difficult to know. We have heard many story in the past about crypto bull run and this is just the last month of the year and crypto is still dropping hard. All hope is placed now about what to expect next year probably we will also smile again just like 2017

Mysteryla

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The fall of so many coins have reached their threshold, except for the newly listed ones. Even some newly listed coins have also dumped. Well, whenever something of this nature is happening and it is so intense, there is every likelihood for the market yo recover any time soon.
Then at this moment, there are more buyers at this time, waiting for either a pump or a bullish market. So do not be surprised if the market rises.

Crypt0BHunter

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No, I do not agree with you, in my opinion, we are now in the accumulation stage, which will last about 1 year of flat.

Svelto

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I do think most of the coins are oversold atm and will rebounce when the market recover. So this is a good opportunity for us to buy the coins at very low prices.

BitcoinLoan

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Quote from: MRlong on December 16, 2018, 11:20:11 AM

I don't think there is any pump is coming in next few days or weeks. Maybe we will have to wait till next year to see whole crypto market rise back again. Although I know that we have been in this time for months but we can't do anything else but waiting.

I also expect stabilization of prices for a longer period. Investors have lost confidence in the cryptocurrency market and in order to be able to trust again, they will need more time. Maybe a few months.

MRlong

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I don't think there is any pump is coming in next few days or weeks. Maybe we will have to wait till next year to see whole crypto market rise back again. Although I know that we have been in this time for months but we can't do anything else but waiting.

Mikcik

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Well, although most of the good analysts I read say that 3200 will be the strong support, and that is the oversold point. But looking back at the price of Bitcoin, it is still in decline in the coming days. Maybe the price of the market will recover, but I think in the March of next year

Grim149x

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I agree with you. You can see a lot of wicks below the charts. It's like big people are squeezing the last of the weak hands actually in my opinion. So I'm thinking of investing soon.

Hades92

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Quote from: sudeshkumar on December 16, 2018, 06:10:29 AM

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

very agree it's time for oversold prices to end where the opportunity for market participants to invest has become a trading law when trading, we have to be positive and hope that next year will be a good year for us

longyenthanh

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Quote from: sudeshkumar on December 16, 2018, 06:10:29 AM

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

Already two months ago, it seemed that the market was sold out, but prices were still falling. Let's hope you're right and we'll see increases soon.

Obiwankenodium

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Maybr thete will be a small bounce, but that doenst mean that it will be a trendreversal.

Augustyusuf

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maybe not so soon, but im pretty sure next year on 2019, we will face another bull run and crypto would be bounce back again.

siupang2

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Nope I think there's no time to bounce back again until the regulators give green light to regulate cryptocurrency world. Before that we will face a bearish market, just hold or cut lose your investment

charlotte04

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Quote from: sudeshkumar on December 16, 2018, 06:10:29 AM

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

Apparently, the market is at the bottom right now and yes we can consider this as oversold, but we can't be sure yet it the market it still go down further more.

Topic: Do you think that market is oversold and bounceback soon? - page 9. (Read 29367 times)