Do you think the market will go back down within 6 months?

milewilda

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Quote from: bitjoin on December 20, 2021, 08:53:33 AM

Who knows what will happen in the future. The cryptocurrency market is very volatile, sometimes it can go up and it can go down at the same time. The cryptocurrency market in December was a bit of a shock. Maybe this is the right time for you to buy the best coins that you think are the most suitable to buy. Waiting for the next 6 months is too long, you can take advantage of existing opportunities for short-term investment.

And no one really knows and this is why this had been called a speculative market because people do keeps on predicting and analyzing off things on where we could possibly go which it is really impossible for someone to know on whats the direction. 6months earlier or more then it doesnt matter because no one could tell the precise thing and this is where
people do really differs when it comes to analysis since we do have different skills and experience then its normal that we would really
differ on decisions too.

Doell

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yes and no ! this situation no one knows all markets will go back down in a few months ,but for sure if that happens then we have to include some crypto stocks that may have long term potential ! old or new altcoins must be in the basket the analysis of some experts is also not very good lately

bitjoin

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Who knows what will happen in the future. The cryptocurrency market is very volatile, sometimes it can go up and it can go down at the same time. The cryptocurrency market in December was a bit of a shock. Maybe this is the right time for you to buy the best coins that you think are the most suitable to buy. Waiting for the next 6 months is too long, you can take advantage of existing opportunities for short-term investment.

stadus

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There's a huge possibility it will happen, we had already seen many altcoins that pump more than 10x of its original price, and some even pump 100X, so we had pass the bitcoin bull run and altcoins season as altcoin season will never take place without bitcoin being bullish.

Based on the price movement now, it looks like we are going to that direction, and we should not be surprise as it already happen in the past, we are just seeing a repeat.

molsewid

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Quote from: takngantuk on December 20, 2021, 07:58:53 AM

maybe, but I don't think it will be as bad as it was in the past. because from the beginning the market was not able to survive. The overbought situation has been going on since bitcoin fell below 60k, and slowly makes it go down day by day. in the near future maybe we will see bitcoin fall even worse it could even be below 40k. all those possibilities are still there and I wouldn't be surprised if it were. but one thing is for sure bitcoin will not return to the price at which btc started its bull run, so it won't be so bad as in the past.

In short no one knows if the market will go back to bull season within 6 months or it is much safe to say by next year because no one has predicted correctly what will be going to happen in the crypto market. The bear season started this early that we didn't expect and who would've thought that we will be going to experience the next bull season earlier as we also expected. But as of the moment let's take advantage the bear season and time to bag your desired token and hold till next bull season.

takngantuk

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maybe, but I don't think it will be as bad as it was in the past. because from the beginning the market was not able to survive. The overbought situation has been going on since bitcoin fell below 60k, and slowly makes it go down day by day. in the near future maybe we will see bitcoin fall even worse it could even be below 40k. all those possibilities are still there and I wouldn't be surprised if it were. but one thing is for sure bitcoin will not return to the price at which btc started its bull run, so it won't be so bad as in the past.

Cryptock

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Quote from: paramind22 on December 19, 2021, 12:55:21 PM

Those who have been in the space 5 or more years know what I mean by "go back down." Like a 70% or more price correction for all coins.
Then we may have to wait 2 or more years before we start seeing 2x, 3x and more gains.

I know very well what you are talking about. For several days now, I have been asking myself whether this is the beginning of a bear market that took place in 2018. The situation is very uncertain at the moment, but for the story of 2017 to repeat itself, there is still missing a very large spike in prices. I think that it is still upfron of us and for a drop of 70% and more we will have to wait much more than six months.

odeskrasel

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Cryptocurrency is totally volatile and no one can predict it. Try to fill you bag before January start.

Buy HOLD dont sell !! And wait
Dont put money in that you may need Because its a long term thing …we are just at the very start
In 2025 one will said "Regret if i boght in 2021.

cryptoaddictchie

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Quote from: paramind22 on December 19, 2021, 12:55:21 PM

Those who have been in the space 5 or more years know what I mean by "go back down." Like a 70% or more price correction for all coins.
Then we may have to wait 2 or more years before we start seeing 2x, 3x and more gains.

This is normal some or plenty of us experience a great tragedy when all market goes down when the corona virus hit the world. Some got depress and some got wild and probably exit crupto but those who hold and instead bought more are probably in the midst of gains right now mroe than 10x. Since after that the market push even with covid situation. Not sure if we can see a really steep down again.

timerland

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Quote from: paramind22 on December 19, 2021, 12:55:21 PM

Those who have been in the space 5 or more years know what I mean by "go back down." Like a 70% or more price correction for all coins.
Then we may have to wait 2 or more years before we start seeing 2x, 3x and more gains.

I do think that a huge correction is due any time now.

Investors have been absolutely crazy these days with an excess of capital and this is exactly when corrections occur - when most people are over-exuberant and confident about the future of the market.

But will the downturn be 70% necessarily? Probably not. Not with this much institutional adoption of major alts like ETH and SOL.

peter0425

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Quote from: paramind22 on December 19, 2021, 12:55:21 PM

Those who have been in the space 5 or more years know what I mean by "go back down." Like a 70% or more price correction for all coins.
Then we may have to wait 2 or more years before we start seeing 2x, 3x and more gains.

Since you are claiming to be familiarized the market from 5 years or more before then you are the one that can answer this? Grin

You are asking about question that impossible to predict , and besides you are talking about GO BACK DOWN when even back in 2020 the market back down lowering to 4k from 5 digit value , is that not enough for you to ask if it is possible to happen again?

I don't know what you are implying here but one thing that i am sure off, that even if the ,market fells down hardly ? it will always go back and Recover.

Kkhair

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at the moment the crypto market is down, I don't know if this has anything to do with Russia?

their prohibition of Russian economic actors from using or investing in cryptocurrencies, meanwhile the Head of the Division of Enforcement of Financial Market Deviations of the Central Bank of Russia, also stated that investing in crypto assets is a fraud and a financial pyramid. they also add that the crypto market is unregulated and highly volatile.
what do you think about this news?

asriloni

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Quote from: paramind22 on December 19, 2021, 12:55:21 PM

Those who have been in the space 5 or more years know what I mean by "go back down." Like a 70% or more price correction for all coins.

It may happen but again none knows the future of crypto accurately. As far as I can see that's almost happening right now. The majority of altcoins are loosing 50% of its value from ATH. I thought that if it's already happened but the same scenario with the past if we have been reaching the highest floor compared with the previous years.

Quote from: paramind22 on December 19, 2021, 12:55:21 PM

Then we may have to wait 2 or more years before we start seeing 2x, 3x and more gains.

This may be true but none knows and maybe sometime a big pump can happen anytime but god knows that for sure. Market is still remain unpredictable at this moment. It may take a year or more but I'm thinking crypto market is more mature right now.

cabron

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Quote from: paramind22 on December 19, 2021, 12:55:21 PM

Those who have been in the space 5 or more years know what I mean by "go back down." Like a 70% or more price correction for all coins.
Then we may have to wait 2 or more years before we start seeing 2x, 3x and more gains.

It already gave us a preview of the price at its bottom. Back on Dec 05, a sudden drop of price went to $42K which if this slow bear market continues, the bottom price may be $42K too. But of course, I'm not that accurate with my prediction so it may just be or not. It's difficult to say because price jumps quickly and you could lose any moment in futures trading. After 6 months it may be different. But my prediction will be 70% it could go up again for another ATH.

adaseb

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It’s impossible to answer this question. Nobody knows if we are in a bear market or still in a bull market. There is lots that is going to happen in Q1. The first is the fed tapering and then it’s increasing rates. Normally when this happens people are expecting assets like stocks to start to decline. And since crypto is correlatated to risk on assets it can also sell off.

However who knows if it will be priced in or not then. We all know around May there will be a rate hike. So most likely the market is prepared however If say there are any surprise hikes like what GBP did last week then a massive sell off can start.

poodle63

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Did you mean just like 2018 cycle, right? Bitcoin is still above 45k although it was getting dumped for a few times since ATH. This time the situation is preffy much different with 2018's bearish trend. Bitcoin is far stronger than what it was a few years ago. More support from the major companies have been making the price of bitcoin can sustain even longer at this time. It seems like that started from 2020 bitcoin and whole of altcoins markets can dump and jump anytime based on the any good news that come to the market. The old or 4 year cycle may end starting from now. It's possible to happen but it's not yet happening right now.
The bitcoin gets dumped but it doesn't mean that cycle will come. So many altcoins are also still stay stronger than before. If bitcoin can sustain around 45k and this may be a sign if that time will not come again.

blockman

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Quote from: paramind22 on December 19, 2021, 12:55:21 PM

Those who have been in the space 5 or more years know what I mean by "go back down." Like a 70% or more price correction for all coins.

Possible.

Quote from: paramind22 on December 19, 2021, 12:55:21 PM

Then we may have to wait 2 or more years before we start seeing 2x, 3x and more gains.

Just as everyone's speculation of being high, always think that there's the possibility. But IMHO, the percentage that we're talking about is too low if we're thinking of that much correction. That's totally a heavy correction that we're talking about and even it's very possible, the likelihood of it happening is too pretty low. Well, that's based on my opinion and experience since this entire bull run is really different from the past.

Desmong

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Quote from: paramind22 on December 19, 2021, 12:55:21 PM

Those who have been in the space 5 or more years know what I mean by "go back down." Like a 70% or more price correction for all coins.
Then we may have to wait 2 or more years before we start seeing 2x, 3x and more gains.

Always keep this in your mind that what goes up must sury comes down so you shouldn't be surprised if the market finally goes down after a while. This is the normal market cycle for it to go up and down so that new Investors can come in and new profits can be made with time.

dark1234

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we know what is happening at the moment the correction market continues to decline slowly from ath 2021 ago, however this is not like what happened in 2017-2018 which made many holders fall into an emotional state and choose to leave while now the holders are more emotionally controlled with the positive development of bitcoin that many companies began to use it even: maybe some countries in the coming year will start legalizing it like el salvador and this will be a new ath for bitcoin

maju69

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Quote from: Oceat on December 19, 2021, 01:45:26 PM

No one knows exactly what's going to happen in the future though if the past would repeat again then there will probably be a bearish within that time. I'm sure within six months of following the market there will be a time that FUD will start the bear trend or after the correction there's a that would follow. Although, Bitcoin and altcoins have different trend sometimes but most of the time altcoins follow the trend of Bitcoin.

What would you do if the market would go down within 6 months? Anyway, did you know that we're still bullish and Bitcoin price might break another ATH this month or next year.

Exactly, we can't be 100% sure that the cycle will run the same way as adoption continues to increase so it will be very difficult to determine. We should also not forget how Bitcoin adoption has become more popular than it was a few years ago. In this way, there will be more and more changes regarding the market which are corrected deeply or even temporarily. Let's just look at the ATH time in 2021, isn't that how many times Bitcoin has rallied. Well, it is possible that in the following year, along with the increasing adoption from institutions or from companies, even from countries that will follow El Salvador path, there will also be a kind of strength for a sharper increase. The problem with the correction that occurred recently was due to the withdrawal of the dollar from circulation which the central bank tried to restore to the United States economy after a long pandemic.

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