Has the crypto market reached its bottom yet?

Pelunize12

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Quote from: blockchain2k on February 28, 2019, 07:46:54 AM

I would like to understand the general sentiment here from people who gather lots of crypto-related info from various sources.

At this time, I think yes for Bitcoin. Bitcoin reached the bottom on around $ 3,000 last year
this is new cycle of Bitcoin which (i hope) see anothers ATH in the future. Halving is near, good news appears, etc
But, I dont think it will be same with altcoin. altcoin is risky to me, that's why I am doubt to invest in altcoin now

drachman

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Quote from: fourpiece on January 21, 2020, 12:39:05 AM

Market has already hit its bottom last year, half of this year will be the recovering and rest will be exciting. Im seeing 1trillion marketcap on the last month of the year. Another unstopable bull run will happened after the halving.

You do not really have a way to know that, while it is possible we have already reached the bottom it is still not a sure thing, there are many traders that are waiting for the price of bitcoin to go even lower and I think they have some good points about why they believe this may be the case, the only way we are going to find out if you are right is to let the market move for some more weeks and see if the price of bitcoin can go up and surpass 9000 during that time, if it happens then most likely we already reached the bottom but if it does not then we may still get another bottom.

leetcoiner

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the crypto market is now clearly above its bottom, the bottom in the crypto has already passed, now the bullish trend is starting a little bit.

adroitful_one

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Quote from: pajak666 on January 23, 2020, 06:38:01 PM

Quote from: jarhed on January 23, 2020, 02:16:51 PM

The bottom of the market has already ended a long time ago, now there is no particularly strong growth, but also the market does not fall down, which is already pleasing.

Wouldn't be so sure about it. BTC is quite struggling to get past some point and there is nothing on the horizon that should guarantee it's growth. Halving is not something that will have such a big impact. Each one of them has smaller impact and this will be the last meaningful one. We are getting to the point where fees should be what keeps the system going and not the block reward. Besides of that unfortunately nobody need any crypto at this point. Still gotta wait for more development and while people get bored the price will be dropping.

We would have to fall more than 50% this year to get to the rates we were trading at last year. I just don't see that happening. The halving will have more of an impact on the price of Bitcoin than you think it will. People are still mining Bitcoin and if you cut their returns in half, they're going to charge more for the coins that they're mining. Also, historically the halving has brought with it a big bull run.

tukagero

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Quote from: jarhed on January 23, 2020, 02:16:51 PM

The bottom of the market has already ended a long time ago, now there is no particularly strong growth, but also the market does not fall down, which is already pleasing.

crypto market is very hard to predict to where it will go, most of the crypto people think bottom has been already hit and theres no chance to go even deeper, but dont be so sure yet, cause their might be unexpected things to happen in cryptomarket

pajak666

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Quote from: jarhed on January 23, 2020, 02:16:51 PM

The bottom of the market has already ended a long time ago, now there is no particularly strong growth, but also the market does not fall down, which is already pleasing.

Wouldn't be so sure about it. BTC is quite struggling to get past some point and there is nothing on the horizon that should guarantee it's growth. Halving is not something that will have such a big impact. Each one of them has smaller impact and this will be the last meaningful one. We are getting to the point where fees should be what keeps the system going and not the block reward. Besides of that unfortunately nobody need any crypto at this point. Still gotta wait for more development and while people get bored the price will be dropping.

jarhed

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The bottom of the market has already ended a long time ago, now there is no particularly strong growth, but also the market does not fall down, which is already pleasing.

hendra147

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the bitcoin price will be stable above $8000, i think the price can't be lower than thats, the next bull target $10k, so the price will rise everyday.
better we buy some then holding it, holding bitcoin for a long period is good option, you must waiting arroung 10th master ?, so you can enjoy the results.

longyenthanh

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Quote from: Bitze on January 22, 2020, 11:39:47 AM

Quote from: leetcoiner on January 11, 2020, 02:06:55 PM

Yes, the market has already reached its bottom and in 2020 it has already grown slightly above the bottom, I hope that over time the market will only grow up.

the thread has been around for almost a year now. has the ground been reached in this time? i think so. Cool

as we all know, the market in general often doesn't behave as one would expect.
so please don't take too much risk and be careful. if in doubt, keep your distance and check your portfolio as rarely as possible.

The bottom was at the level of $3k and it was already a year ago. I think that there is no chance for the BTC price to fall so low again. However, I agree that we have to be very careful, because the recent increases were in my opinion a little too fast. Certainly it was not a natural increase in price, so I suspect it could be a bull trap.

Bitze

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Quote from: leetcoiner on January 11, 2020, 02:06:55 PM

Yes, the market has already reached its bottom and in 2020 it has already grown slightly above the bottom, I hope that over time the market will only grow up.

the thread has been around for almost a year now. has the ground been reached in this time? i think so. Cool

as we all know, the market in general often doesn't behave as one would expect.
so please don't take too much risk and be careful. if in doubt, keep your distance and check your portfolio as rarely as possible.

sniveling

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The market has already reached its bottom and has grown for a long time, I think this year we will see growth in the market in the majority.

iv4n

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Quote from: novaprime on January 21, 2020, 03:38:27 AM

Quote from: fourpiece on January 21, 2020, 12:39:05 AM

Market has already hit its bottom last year, half of this year will be the recovering and rest will be exciting. Im seeing 1trillion marketcap on the last month of the year. Another unstopable bull run will happened after the halving.

Market has not been able to achieve the highest growth but I hope that this year will be different because everyone is waiting for the uptrend. In January there were a lot of altcoins rising very high and some coins are starting to have an impressive recovery so surely this year there will be a lot of changes. I sure altcoin season may return soon because this is the best time to make a profit and certainly many coins will reach new prices.

However, all stop at the prediction and any investment is risky so please consider carefully and make the right decision when investing in this market.

Entire market, judging by the coin market cap, had the bottom last year, but who is the pulling the market? Top coins and some new and strong projects, while some coins are going down and it seems like they will go deeper! So it's fair to say that some coins reached their bottom long time ago, while some not. And just a quick reminder, don't expect from every coin to recover from that bottom, some will stay there!

novaprime

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Quote from: fourpiece on January 21, 2020, 12:39:05 AM

Market has already hit its bottom last year, half of this year will be the recovering and rest will be exciting. Im seeing 1trillion marketcap on the last month of the year. Another unstopable bull run will happened after the halving.

Market has not been able to achieve the highest growth but I hope that this year will be different because everyone is waiting for the uptrend. In January there were a lot of altcoins rising very high and some coins are starting to have an impressive recovery so surely this year there will be a lot of changes. I sure altcoin season may return soon because this is the best time to make a profit and certainly many coins will reach new prices.

However, all stop at the prediction and any investment is risky so please consider carefully and make the right decision when investing in this market.

fourpiece

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Market has already hit its bottom last year, half of this year will be the recovering and rest will be exciting. Im seeing 1trillion marketcap on the last month of the year. Another unstopable bull run will happened after the halving.

drachman

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Quote from: seleme on January 16, 2020, 01:20:29 PM

Quote from: leetcoiner on January 11, 2020, 02:06:55 PM

Yes, the market has already reached its bottom and in 2020 it has already grown slightly above the bottom, I hope that over time the market will only grow up.

Hmm, how do you know it is bottom or the half point of the downtrend?
I don't try to catch the falling knife because the wound will be bigger than whatever I will get in hand, from my experience. The experienced traders also think twice before buying the bottom which can go to the dippest level after the clicking to the first available "ask order". The crypto market's volatility can drain the energy of trader with melting account balance faster than a blink of an eye. I have seen such crazy volatility years ago, luckily the traders don't face such situations nowadays.

No one really knows when we have reached the bottom, but a lot of people like to pretend like they do, as you say that is impossible to know and it is only after the fact that you know that the price is not going to go down any further, but when the price is going down you have no way to know for sure that the price is not going to go down anymore, so it is important to be realistic about what we can do when the market is going down or otherwise we're going to buy at the wrong moment and lose money because of it.

seleme

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Quote from: leetcoiner on January 11, 2020, 02:06:55 PM

Yes, the market has already reached its bottom and in 2020 it has already grown slightly above the bottom, I hope that over time the market will only grow up.

Hmm, how do you know it is bottom or the half point of the downtrend?
I don't try to catch the falling knife because the wound will be bigger than whatever I will get in hand, from my experience. The experienced traders also think twice before buying the bottom which can go to the dippest level after the clicking to the first available "ask order". The crypto market's volatility can drain the energy of trader with melting account balance faster than a blink of an eye. I have seen such crazy volatility years ago, luckily the traders don't face such situations nowadays.

drachman

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Quote from: Arkann on January 11, 2020, 11:50:25 AM

Quote from: drachman on January 10, 2020, 09:24:00 PM

Quote from: styca on December 27, 2019, 09:40:39 AM

This thread was started back in February, about the time that we did bit bottom. Since then we've had a mini recovery, and prices are now stagnating a bit. I don't think we can talk about current prices being at or near the bottom, as we are a long way above Feb prices - that was the bottom of the year long bear. Now is merely small fluctuations well above that point.

Each market cycle has its top and its own bottom, and we are in a new market cycle and it is difficult to know if we have reached the bottom, it seems the price is having a positive tendency during the last days and this could indicate that we have in fact reached the bottom, but we will have to wait because it is impossible to tell if that is true after just a few days of positive results, we know how volatile this market can be and we could lose all of the progress that we had made in a single day.

At least, the indicators of the cryptocurrency market indicate an improvement in the position of Bitcoin and Ethereum, because over the past week these coins have risen in price by almost 10%. But this applies only to the highest rated cryptocurrencies, because the entire cryptocurrency market is in a bearish trend. I very much doubt that it is worth trusting some unverified data and forecast.

During the last days the rest of the altcoins have given signs that they are alive but things are not what they seem like, the growth of bitcoin could be because of the halving that is coming and we can give a simple and elegant explanation, but what about the rest of the coins? To me I do not see why so many coins are giving incredible profits and all of those that invested after that pump thinking they will get some easy gains are probably going to regret investing in those coins.

leetcoiner

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Yes, the market has already reached its bottom and in 2020 it has already grown slightly above the bottom, I hope that over time the market will only grow up.

Arkann

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Quote from: drachman on January 10, 2020, 09:24:00 PM

Quote from: styca on December 27, 2019, 09:40:39 AM

This thread was started back in February, about the time that we did bit bottom. Since then we've had a mini recovery, and prices are now stagnating a bit. I don't think we can talk about current prices being at or near the bottom, as we are a long way above Feb prices - that was the bottom of the year long bear. Now is merely small fluctuations well above that point.

Each market cycle has its top and its own bottom, and we are in a new market cycle and it is difficult to know if we have reached the bottom, it seems the price is having a positive tendency during the last days and this could indicate that we have in fact reached the bottom, but we will have to wait because it is impossible to tell if that is true after just a few days of positive results, we know how volatile this market can be and we could lose all of the progress that we had made in a single day.

At least, the indicators of the cryptocurrency market indicate an improvement in the position of Bitcoin and Ethereum, because over the past week these coins have risen in price by almost 10%. But this applies only to the highest rated cryptocurrencies, because the entire cryptocurrency market is in a bearish trend. I very much doubt that it is worth trusting some unverified data and forecast.

drachman

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Quote from: styca on December 27, 2019, 09:40:39 AM

This thread was started back in February, about the time that we did bit bottom. Since then we've had a mini recovery, and prices are now stagnating a bit. I don't think we can talk about current prices being at or near the bottom, as we are a long way above Feb prices - that was the bottom of the year long bear. Now is merely small fluctuations well above that point.

Each market cycle has its top and its own bottom, and we are in a new market cycle and it is difficult to know if we have reached the bottom, it seems the price is having a positive tendency during the last days and this could indicate that we have in fact reached the bottom, but we will have to wait because it is impossible to tell if that is true after just a few days of positive results, we know how volatile this market can be and we could lose all of the progress that we had made in a single day.

Topic: Has the crypto market reached its bottom yet? (Read 18878 times)