Global Crypto Bear Market - page 4. | Bitcointalksearch.org

timerland

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Altcoins are going to be the main ones that are affected here, not bitcoin.

If Segwit is implemented then bitcoin price is going to go up and be stable at a certain level. People i think are parking their funds currently in altcoins because they are afraid of the upcoming fork. Once it's gone though, bitcoin's dominance will increase by at least 20% back to an acceptable level, perhaps even 30% if ETH bubble crashes.

If chain split occurs tthough hen obviously it's going to be bad for bitcoin's image, and this infightinig is definitely going to negatively impact bitcoin, and this is one of the only scenarios where bitcoin will drop alongside altcoins.

Quote from: JimboToronto on June 27, 2017, 10:33:11 PM

Quote from: FiendCoin on June 27, 2017, 09:20:46 PM

What bear market?

The one in the imagination of wishful thinkers dreaming of cheap coins.

Cheap altcoins? Likely. Cheap BTC? Prolly not.

Wind_FURY

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Quote from: JimboToronto on June 27, 2017, 10:33:11 PM

Quote from: FiendCoin on June 27, 2017, 09:20:46 PM

What bear market?

The one in the imagination of wishful thinkers dreaming of cheap coins.

Nothing in Bitcoin is cheap anymore. If the price falls by 50% overnight the price would still be around $1000. That is far from "cheap".

JimboToronto

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Quote from: FiendCoin on June 27, 2017, 09:20:46 PM

What bear market?

The one in the imagination of wishful thinkers dreaming of cheap coins.

FiendCoin

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The devil is in the detail.

Quote from: Bitcoinaire on June 27, 2017, 09:08:08 PM

Blitz, how long do you speculate the bear market will last? IMO, I think it'll dip under $2,000 and then eventually continue on by late 2017/ early 2018.

What bear market?

Bitcoinaire

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Blitz, how long do you speculate the bear market will last? IMO, I think it'll dip under $2,000 and then eventually continue on by late 2017/ early 2018.

btc4lifer

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https://prnt.sc/foyjaj

Global crypto markets have made the famed M top or double top[1]. I've studied BTC, XMR, ETH and LTC charts and all are in similar positions.

This only goes to show that new people coming into bitcoin treat all crypto the same. Risk off is not running to BTC instead of ALTS, it is running to FIAT.

Everyone forgets that we've been in bull mode for close to 2 years. Good news like "segwit enabled" in a bear market will only push the price down!

[1] http://www.investopedia.com/terms/d/doubletop.asp

deisik

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Quote from: cafucafucafu on June 27, 2017, 02:21:52 AM

I still struggle to understand why ETH was so close to breaknig the market cap of bitcoin in the first place when it's got so many problems with its blockchain. And it's not like the smart contracts that ETH has which is apparently its selling point has any real value than for ICOs

Because market cap is used to fool people into thinking that a coin has any value (well, a high value). When a coin has around 80% of its total supply premined and which never entered circulation while the rest of circulation gets locked into various projects, it won't take a lot of effort and money to make the market cap as high as you please. I guess if Ethereum received even one tenth of liquidity that Bitcoin habitually handles, its market cap would be in the hundreds of billions already

This is to show how meaningless and irrelevant the market cap figures are

Wind_FURY

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Quote from: Paashaas on June 21, 2017, 09:21:21 PM

Alt-coins are entering a global bear market but not Bitcoin, it will go up when we get Segwit.

Can you give us a more thorough explanation why you think so? Saying that Bitcoin will go up "because Segwit" is not enough. Do not forget, the UASF could get messy and could split the blockchain in 2. A dumping war might ensue bringing the price of Bitcoin down under $2000.

cafucafucafu

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Quote from: N12 on June 26, 2017, 03:18:30 PM

dETH is now over 50% deflated. Much more to go still.

Similarly with BTC. As can be easily observed, bear markets are healthy for Bitcoin dominance.

Although I do not agree with your analysis on BTC, i do agree that ETH will adjust a ton in coming days/weeks.

I still struggle to understand why ETH was so close to breaknig the market cap of bitcoin in the first place when it's got so many problems with its blockchain. And it's not like the smart contracts that ETH has which is apparently its selling point has any real value than for ICOs...

I think that bitcoin will stabilize at somewhere in between $2200-2300. That is probably the most likely thing that will happen. So I expect a 10% adjustment in the coming weeks, until UASF in August. ETH will go back to $100, and bitcoin dominance will go >60% at LEAST.

freedomno1

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I'll lean towards the correction argument based on the current trending and that we will find a new stable point now as we trend down for the intermin transitional period to it. It may take some time for the market to find the bottom though.

N12

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dETH is now over 50% deflated. Much more to go still.

Similarly with BTC. As can be easily observed, bear markets are healthy for Bitcoin dominance.

deisik

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Quote from: d5000 on June 25, 2017, 07:49:23 PM

I'm pretty sure that most altcoins definitively have passed their highs (that won't be reached in 2017) and I expect some hard selloffs in the next weeks. There will be some that still resist a bit and are used for hedging (Litecoin and Nxt still are doing well, for example) but eventually they also will go down

Things may be different this time

Basically, we have never been in this situation before (I refer to the threat of Bitcoin split), so we can't say for certain how things are going to evolve in the near future (and I guess no one can with any degree of certainty). If a massive exodus from Bitcoin starts for real, it is almost certain that most people will move to fiat (dollars or whatever), but some of them will likely decide to switch to altcoins. Personally, I stake at Litecoin. But since the real market for altcoins is very shallow (this has nothing to do with the so-called "market cap", just in case), even this money may suffice to boost prices of the altcoin that gets primarily chosen by the majority of these folks

Torque

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Quote from: d5000 on June 25, 2017, 07:49:23 PM

It seemed a bit strange that Ethereum failed to reach BTC's market cap being so close, I had expected at least a further attack from the ETH bulls. Now the "flippening" dream seems definitively over (Eth is straight going down to 50% of BTC's market cap again). Probably the flippening was only an excuse for a pump'n'dump game like we have seen it so many times.

Of course it was. And it was a successful FUD campaign, I have to give the PnD'ers a slow clap for that.

When I started seeing newb crypto enthusiasts on youtube talking about "Buy Ethereum, and maybe a little Bitcoin [in that order]" I knew the absolute mind job of the "floppening" was complete. The pumpers managed to push newbs away from Bitcoin and toward a new tech that is still so nascent, prepubescent, and basically unproven at this point, with a market float about 500 times thinner than Bitcoin.

The fact that a small whale was able to crash ETH on a single exchange all the way down to $0.30 is not a surprise to me at all. Just wait until the mega whales go full on ape shit shorting against ETH across all the major exchanges, it'll probably see the single digits once again when the carnage is finally over.

Joerii

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Just look at the chart. If you know anything about technical analysis..... we're going down.

d5000

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I'm pretty sure that most altcoins definitively have passed their highs (that won't be reached in 2017) and I expect some hard selloffs in the next weeks. There will be some that still resist a bit and are used for hedging (Litecoin and Nxt still are doing well, for example) but eventually they also will go down.

It seemed a bit strange that Ethereum failed to reach BTC's market cap being so close, I had expected at least a further attack from the ETH bulls. Now the "flippening" dream seems definitively over (Eth is straight going down to 50% of BTC's market cap again). Probably the flippening was only an excuse for a pump'n'dump game like we have seen it so many times.

BTC is going down a bit but without too much pressure - I expect a retest of the 2200 region next week.

Torque

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Quote from: N12 on June 25, 2017, 01:58:05 PM

Ethereum blew through its low from June 21st (excluding the GDAX $13 flash crash).

The Global Crypto Bear continues.

Ethereum is going to get so rekt. Bitcoin not as much.

N12

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Ethereum blew through its low from June 21st (excluding the GDAX $13 flash crash).

The Global Crypto Bear continues.

deisik

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Quote from: aso118 on June 23, 2017, 08:33:08 PM

Quote from: N12 on June 23, 2017, 06:45:05 PM

2780 likely confirmed as the bull trap "return to normal" top following the 3k bubble top.

Price should pierce 2000 now.

If we see Bitcoin retracing to $2000, I wonder what will happen to altcoins. Grin

At the start of the year, Bitcoin accounted for 88% of the crypto market value; now it accounts for less than 40%

You are being fooled by the numbers which don't have any connection to reality

And let me guess, these percentages were calculated based on the market cap of the coins, right? If you want to evaluate how things actually stand, you should look at how much money has been poured into a certain coin in absolute values,not percentages. If Bitcoin received, say, 1 billion dollars while some shit coin only 1 million and Bitcoin market share dropped 2 times because of that (this is quite possible), then 1 billion dollars is still 1,000 times more than 1 million and no meddling and fiddling with numbers can change that

d5000

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I probably would agree with the analysis if it was done in (late) May. Both Bitcoin - and many altcoins even more - would be definitively in bubble territory if there was no fundamental advancement. A 10x price increase in a year looks ultra-bubblish if there is nothing that can explain it (and no, "exponential" and "bubble" does not mean 10x in a week Wink

- 2011/2013 will never happen again imo).

But at this moment I think the Segwit2x optimism - slowly building up - will retain the bear market a while, and even it's probable for me that we will enter another bullish leg and a new all time high. It is however possible that we every now and then will "crash" again in the 1800-2200 territory - e.g. when there are too aggressive Bitmain statements.

A massive altcoin selloff is likely at some point, but I think it will hit the Bitcoin price only for a short period, if everything on the "scaling agenda" plays out well.

aso118

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Quote from: N12 on June 23, 2017, 06:45:05 PM

2780 likely confirmed as the bull trap "return to normal" top following the 3k bubble top.

Price should pierce 2000 now.

If we see Bitcoin retracing to $2000, I wonder what will happen to altcoins. Grin

At the start of the year, Bitcoin accounted for 88% of the crypto market value; now it accounts for less than 40%.

Topic: Global Crypto Bear Market - page 4. (Read 6716 times)