Let's look at the movement of cryptocurrency prices this week, which seems diffi - page 2.

kotajikikox

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Quote from: dark1234 on July 12, 2021, 10:01:08 AM

whether investors' appetite for risk assets has decreased due to the surge in global coronavirus cases. The majority of the six cryptocurrencies with the jumbo market capitalization and most liquid transactions monitored are in the red this week.

Sorry but what changed mate? for more than a month now this was the trend , there are some increase but in a couple of days decrease will follow.
meaning there are still no concrete position the market now .
From the upcoming events to the spreading FUD and negativities?
Our Only weapon is to trust the coins we are holding and Keep up the buying position because with this at least we are generating a little adding to the value of our coins.

semobo

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Quote from: dark1234 on July 12, 2021, 10:01:08 AM

whether investors' appetite for risk assets has decreased due to the surge in global coronavirus cases. The majority of the six cryptocurrencies with the jumbo market capitalization and most liquid transactions monitored are in the red this week.

I guess the side ways movement exist for the past 50 days or more so talking about one week doesn't make any sense and also not only those 6 cryptocurrencies, almost all of the cryptos fell from its all time high except very few due to the involvement of rich people.

Pierre 2

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I think crypto markets are overbought for too short term time. This created undecided (and possibly in fear) investors. This is main reason of bigger reds than greens in cycles. Crypto markets probably need to drop couple more times under 20k dollars to ease people.

adaseb

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Quote from: SFMHodler on July 12, 2021, 02:19:21 PM

Stock market is doing fine, so the risk appetite is still there.

What you need to realise that just because the stock market is doing good and large companies are setting record profits doesn't tell the entire story. Due to the pandemic alot of small and medium businesses had to go bankrupt while their larger competition like Walmart, Costco and Amazon took all their business. So obviously the latter had great profits and it made their stock go up while made the index go up and the stock markets hit a record high.

However it doesn't mean that the economy is healthy as a whole. Look at how many people cant buy a car these days because they don't want to pay same price for a used one as a new car. Look at how many people can't buy a house because every month the housing index goes to a new record high. Then there are other things like lumber which is different because its a supply constraint.

However it looks like this is a huge huge bubble and it might burst any minute. I don't think this is sustainable.

peter0425

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Quote from: dark1234 on July 12, 2021, 10:01:08 AM

whether investors' appetite for risk assets has decreased due to the surge in global coronavirus cases. The majority of the six cryptocurrencies with the jumbo market capitalization and most liquid transactions monitored are in the red this week.

Wait why Only mentioned 6 when the next 7-8 are closely getting to rank number 6?

This means all of those actually in the rank 1-10 are in the Red not just this week but even in the last week.

Boov

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Quote from: dark1234 on July 12, 2021, 10:01:08 AM

whether investors' appetite for risk assets has decreased due to the surge in global coronavirus cases. The majority of the six cryptocurrencies with the jumbo market capitalization and most liquid transactions monitored are in the red this week.

Another opportunity will be given to those investors who were hungry for additional asset accumulations, and this is the best time to buy. The bearish market with red signals has the bigger potential to go down because more panic sellers will tend to dump their holdings, because of Fud. We need to control emotions on this current situation and think of another possible rise after downfalls happened.

Similificator

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Quote from: dark1234 on July 12, 2021, 10:01:08 AM

whether investors' appetite for risk assets has decreased due to the surge in global coronavirus cases. The majority of the six cryptocurrencies with the jumbo market capitalization and most liquid transactions monitored are in the red this week.

The current price movement along with how it moved during the weekends last week really was out of the ordinary considering the weeks prior to last week. This has led to a lot of people who only buy and sell according to days and not with a strategic approach to be heavily misled. Even a relative lost more than $6k due to blind buying and selling(what's worse is that she invests 25-35% on altcoins and bitcoin then sell at a loss due to hype and panic).

I think the whales are trying to mix things up for a reason? I don't know really, but one thing I can see quite clearly is that at the moment, the best decision is to move to spot first or if you are feeling quite confident with your TA skills, then at least put tight stop losses because if not, you may regret not doing so, unless you have a lot of free time in your hands to spend in watching the market for hours.

livingfree

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Quote from: dark1234 on July 12, 2021, 10:01:08 AM

whether investors' appetite for risk assets has decreased due to the surge in global coronavirus cases. The majority of the six cryptocurrencies with the jumbo market capitalization and most liquid transactions monitored are in the red this week.

That's not a very fresh news.

Big or small cryptocurrencies, they usually go into a red day/s as much as possible because it's very normal to see them in that color.

And with that, it's an indicator that if you haven't bought it, then you have to start buying it so that you can make more money when it goes back on track and green days approaches.

nira09

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Quote from: dark1234 on July 12, 2021, 10:01:08 AM

whether investors' appetite for risk assets has decreased due to the surge in global coronavirus cases. The majority of the six cryptocurrencies with the jumbo market capitalization and most liquid transactions monitored are in the red this week.

I don't think so, it's just a matter of time, investors or traders are just waiting for the right time to re-enter the trade.
When big investors have filled their bags, there will likely be a hard pump to bring traders back into the market

SFMHodler

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Stock market is doing fine, so the risk appetite is still there.

agg2702

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there is something you need to pay attention to, when you see some signals start red and not in a stable state that lasts long. then investors already know where to go? well Gold is the perfect escape to secure a crazy situation and has entered the saturation zone. so therefore it doesn't hurt that what you're seeing right now, has shown that a few percent of the big investors are going through the crypto market and getting settled in front of the Gold asset page.

dark1234

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whether investors' appetite for risk assets has decreased due to the surge in global coronavirus cases. The majority of the six cryptocurrencies with the jumbo market capitalization and most liquid transactions monitored are in the red this week.

Topic: Let's look at the movement of cryptocurrency prices this week, which seems diffi - page 2. (Read 220 times)