I would say I don't know because I don't have any clue if the market has reached the bottom price or not. I only know that the price is down too deep and the chance for us to see the price go down still there. We also have a chance to see the price start to increase in the next month. But I will be glad if somehow the market can start increase although it's slow like today because soon, the market will recover the situations and will come back to the new price.
But still, there is nothing we can do related to the market now unless we are trying to survive in bad situations (if that comes once again). We need to worry if we cannot make a profit from trading if we are doing trading. But I am sure that we have another way to try to make a profit from other sources.
Topic: Has the crypto market reached its bottom yet? - page 16. (Read 18880 times)
I won't be that confident to tell that we have finally reached the bottom. But let's just assume that we really did hit the bottom and the market is just playing around $3,700 - $3,800 which is a perfect price to get an entry before the bulls get in. I'm not so sure if the hard fork that will happen tomorrow can certainly affect the market because it's for ethereum. I've seen lately that when there's a big altcoin event, it can bring up a larger market cap to the market which can give that significant increase.
We will only know we have reached the bottom when we have left it far behind. Until the bull market returns there will always be a possibility that the price falls further.
we must understand the market at any time can go down.
it is true that in the last few days there has been an increase in the crypto market but no one knows for sure whether this has reached the bottom or not.
it is true that in the last few days there has been an increase in the crypto market but no one knows for sure whether this has reached the bottom or not.
We may not be sure if we are at the bottomest bottom but I'm cool enough to say that it is not likely to have another big dumps in the next days. Personally, I can see people are now joining back again in the market.
In my personal opinion, I believe it is not. The market is slowly increasing every day, but with only a small impact it can reduce 10-40% at any time. I realize that now is not the time for us to celebrate that the market has returned.
You're right in the aspect that we shouldn't celebrate that the bullish market as returned because the market demanding is still not strong and this mean the bearish market is still alive. Concern the OP question, I believed the Bitcoin market have reached the bottom price while the altcoin market are yet to reach the bottom price.
I think it's better not to try to find the bottom. This is a empty work. The best way is to think about possible future scenarios and, based on this, create your own strategy for market action.
For example:
- we assume that the market will be in flat;
- many altcoins will gradually becoming cheaper;
- we can buy some of them that give passive income;
- in the case of a pump, one of the assets that we have, we sell and expect a dump for rebuy;
- we expect signs of a changing market trend.
For example:
- we assume that the market will be in flat;
- many altcoins will gradually becoming cheaper;
- we can buy some of them that give passive income;
- in the case of a pump, one of the assets that we have, we sell and expect a dump for rebuy;
- we expect signs of a changing market trend.
Seriously i don't want to be on the predicting side anymore because it seems it does not go our way anytime we say so. $3k was never part of my description of the bottom of crypto market yet we sank very low to that level. Currently some crypto analysts are predicting again that we may sink to $2k which is not something i wish to see happen but nobody can actually be sure about the trend of bitcoin. it's all based on guesses so let's be patient and see how it goes this time around but i believe the bottom will be locked within $3k.
Nobody knows that. The experts that pretend they know also don't know. I tend to believe the market is being manipulated by a handful of whales who actually decide which way we are going. Besides that, there is also a possibility to have some important positive or negative news that will propel the price up or down. Very long term we are bullish for sure, but short term your guess is equally good as mine.
I think the bottom we're looking for is when all the cryptocurrency has no value at all but for now this is just a "bear market" for what they called it and most of the investors are panicking about this scenario but for me it's just an opportunity to start an investment and a great entry to enter in trading industry... well some people are panicking about the bitcoin because they thought it's in the bearish price but they didn't probably know how much is the bitcoin when it starts.
I would like to understand the general sentiment here from people who gather lots of crypto-related info from various sources.
Sentimentally I will not wish to see the bitcoin with the going down and bottom price instead I wish to see the bitcoin to reach its maximum price value. Lets wait and see is there any possible bull run falls on the upcoming month. It will help every crypto hodlers to change as a millionaire again.
We should even consider the evolution of crypto market.
Putting every scam coins, dead coins with new tokens and securities coins won't present any clear picture.
Every of these coins and tokens need to be evaluated differently and as a whole.
Crypto market is evolving toward betterment.
Putting every scam coins, dead coins with new tokens and securities coins won't present any clear picture.
Every of these coins and tokens need to be evaluated differently and as a whole.
Crypto market is evolving toward betterment.
It seems so. The crypto industry are showing strong resistance at this point and that is a clear sign that its the bottom. And if things don't go any bad then it is a big possibility that we might see the bull run soon.
Still same pattern like throughout last summer, but the dips are getting bought in shorter time frame since a few weeks, so I'm pretty bullish now.
Accumulation going, slowly grinding upwards.
Accumulation going, slowly grinding upwards.
The eternal question that constantly worries the hearts of impatient people who are constantly trying to lose their money in a stubborn fight with their greed. This path always leads to one place. I think that everything will be exactly as I think.
The only answers you will get from this question are mere speculations. No one knows for sure if we have reached the bottom. I remember last year. Experts gaffed by predicting that we had reached the "bottom" only for it to go dipper after buying more coins.
It has already trying to get up from the bottom. It is at the bottom at the moment. And i hope soon things will go up for the crypto industry and the bounty hunters that are associated with it.
It depends on how you calculate it.
The number of cryptocurrencies are ever increasing while the total marketcap is fluctuating.
This behavior presents a decreasing trend of overall price of the average coin.
We are still moving towards the bottom.
The number of cryptocurrencies are ever increasing while the total marketcap is fluctuating.
This behavior presents a decreasing trend of overall price of the average coin.
We are still moving towards the bottom.
No one can say unless it actually happen, so who knows the price could go below $3k after this bakkt launch. Funny thing here in crypto is that when a project gets good publicity in the media, prices go down instead of rising up. I sense manipulation when its happening but there is just nothing to be done but watch the price seesaw.
I personally believe that the bottom we have not seen. I think that we should expect a decline to 2 thousand for Bitcoin and a strong market growth at the end of the year
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