Topic: Relax, its just a hard market reset - page 3. (Read 19527 times)
In this market where one could see a huge market price fluctuation could definitely will create a panic. The panic could be able to identify since its market price has fall down for more as recorded in this present market. I do not think that there is a hard market reset because this is all about business or money matters where early investors has already taking out their profit.
I hope that this year we can have a higher price for bitcoin, at least 10,000$ and that the price will stay over for a long, but not one can know when this will happen. Maybe after Bakkt is launched and investors will start buy bitcoin.
Yeah we are still dreaming for now because the real market price for bitcoin is 3K USD something and that is not really good or we are still in the bear market. The bear market has taken some time already this is why I understand that many are longing to get a good market price for bitcoin in the near future. 
Somehow, I agree with the OP. In 2018 and the beginning 2019 is a market reset to clear off the weak hands so the market can get stabilize at the moment. Bitcoin needs solid support, and it will come from the true believer in bitcoin and not for people who don't believe in bitcoin for a long time. How bitcoin can grow higher if the support is not giving full power regard in believe that bitcoin can go up and come back to the higher price again.
Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.
True, but you are asking one of the most difficult things for an investor, you are asking them to stay positive and to not worry when many of them are losing more than half of their investment, those that can do it will definitely be rewarded but we need to admit is difficult, just look at how other markets move and you will see investors panicking over losses that compared to what we have gotten are not that big so while I agree with your advice I can see why others are panicking and leaving the market. 
I think people are getting to the correct mindset of bitcoin, looking at this topic we can clearly see many many people who realize that bitcoin could both go up or go down and it wouldn't be a shock to any of us. The price changes constantly because its bitcoin and that is what it does, it doesn't even require any news to change as well right now, its just purely speculation without regulation.
Look at the price today, nothing changed, if you didn't know any better you would say it is another day in bitcoins life cycle however today the ETF that everyone was expected got withdrawn from consideration so the big ETF news everyone was waiting for got cancelled but the price didn't moved a single bit. Which means bitcoin is becoming self aware and that is amazing for all of us.
Look at the price today, nothing changed, if you didn't know any better you would say it is another day in bitcoins life cycle however today the ETF that everyone was expected got withdrawn from consideration so the big ETF news everyone was waiting for got cancelled but the price didn't moved a single bit. Which means bitcoin is becoming self aware and that is amazing for all of us.
It is difficult to predict the market in 2019, many argue that the market will recover soon but market conditions are not much different. And I prefer to sit patient and accept the possibilities that will occur this year.
You are right, we need to accept whatever happens in cryptocurrency. As this will always favour who have patience, there are lot of speculation regarding the pump this year but the market is unpredictable. Anyways let's believe crypto will pump this year.
I hope that this year we can have a higher price for bitcoin, at least 10,000$ and that the price will stay over for a long, but not one can know when this will happen. Maybe after Bakkt is launched and investors will start buy bitcoin.
It seems to me that 2019 might not justify the hopes of those optimists who are counting on strong Bitcoin growth this year. I believe that the hopes of many experts that he will be able to overcome the $ 15,000 mark are unrealistic in the current market conditions. I believe that he grows to 10,000, but not higher.
It has always been difficult to predict the market, this year is definitely not different. If you look closely at the charts, we're still settling lower highs, which is something you should continue to expect this year.
you can't say the market is unpredictable then at the same time predict it with "expecting" something.
but kidding aside the market is really unpredictable specially at this point. the only thing you can do is to look at the previous times and see how the reversal happened in those times. although past is not the indication but it is all we have for now. and so far it seems like most traders loved the 2013 bubble and aftermath enough to prolong this bubble aftermath similarly. so it is not unthinkable to say they will repeat the recovery too.
in which case we can expect another massive dump and a sharp reversal resulting in breaking some big resistances. in which case all these low highs and low lows become meaningless.
It is difficult to predict the market in 2019, many argue that the market will recover soon but market conditions are not much different. And I prefer to sit patient and accept the possibilities that will occur this year.
You are right, we need to accept whatever happens in cryptocurrency. As this will always favour who have patience, there are lot of speculation regarding the pump this year but the market is unpredictable. Anyways let's believe crypto will pump this year.
Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.
I have been in this cryptocurrencies system for long time now and I do agree with you and what you have said. It is a temporary reset and correction and it is not going to last forever. Cryptocurrencies market has behave like this before and we should know that in all of this time recovered strong and I believe that the samething is going to happen again. 
We all know that this is the big correction from the 2017 effect but it had been a long time and the price keep on failing, it's normal for people to become frustrated, but if we can be patience then we can still make some profit, it will need a lot of time before the market could become stable
It is difficult to predict the market in 2019, many argue that the market will recover soon but market conditions are not much different. And I prefer to sit patient and accept the possibilities that will occur this year.
It has always been difficult to predict the market, this year is definitely not different. If you look closely at the charts, we're still settling lower highs, which is something you should continue to expect this year.In a smaller time frame it might look like we're up for a recovery, but when you zoom out, you'll see that we're still going down despite the small leg up. It's going to take a while to bottom out.
Most of what we see right now is purely algorithmic trading activity, and the whales people think are manipulating the price are just bots. In other words, it's all automated where the larger dumps are the result of triggered stops.
I think so, we should choose a positive side for ourselves in all bad situations. More rapid development of recent changes prevented us from more loss. Reds woke up us from sleep and taught a lesson about how to manage our risk. On the other hand, this could be a chance for all of us, maybe we will not return that price again.
It is difficult to predict the market in 2019, many argue that the market will recover soon but market conditions are not much different. And I prefer to sit patient and accept the possibilities that will occur this year.
Being optimistic 101. Find possible positive things in all situation. I assume that this market dip is just a hard reset of the market's value where 'virus' or unworthy investors, mostly those who panic sell, forced to withdraw their account because of the dip. With this, all weak accounts will be perished and all remaining strong holders go on to victory. After it has been cleaned, we could now enjoy green fields on our wallet. 2019 will be great again for us crypto holders. Stay focused.
This is not some sort of market that is run by corporations and regulations and what not. This is bitcoin and only thing that decides what the price is people. When we say it worth a lot than it worth a lot and when we say it doesn't worth this much than the price goes down.Obviously, not what people "say" is the matter here, it is what people "do" is the matter and when they do something they actually change things and prices. That is why they "say" is a bit important as well, if they say something but don't do it than it is of course not important however if they say what they will do and actually do it than that's important. This market is run by people all by itself and the price goes up and down according to what we think it will do and that is why what people say has a bit of importance.
what people think, or more precisely what they "say they think" is not an indication of what is going to happen next.
It's obviously not a sure thing, but it gives us some idea about market sentiment. Investors and traders are biased: when they're holding, they expect higher prices and after they've sold, they expect lower prices.
Think about December 2017: By that time, everyone was bullish and shorters had mostly given up (we were seeing sub-10K short levels on Bitfinex). Everyone had already bought, or in other words there were no buyers left to sustain prices at $20K. So the price crashed.
I would agree the market has been cleansed of weak hands. There are still plenty of people though that think the price will fall, which is why prices will stay in this bottom range for a while, because while there is lots of buying there are just as many people who sell in the 3000s because they think the bottom isn't in yet and it'll crash to the 2000s or even the 1000s this year. The longer it stays in the 3000 range the fewer people who are still in the market will attempt to short it trying to get lucky on a lower price.
what people think, or more precisely what they "say they think" is not an indication of what is going to happen next. otherwise price should always stay the same or go in one direction only because at all times there are a lot of people who only think price is going to go in that same direction. for example in 2017 when price was struggling to break the ATH of 2013 and fell, there were A LOT of people who were saying they think price will continue to go down and reach $200 again.
I want the market to stabilize and crypto prices to rise again, but no one knows that in 2019 it will rise or not. And in the current difficult conditions, I chose to be patient in holding on to it.
One thing is for sure though, you in the other hand will have the chance to collect more BTC today than the days when BTC goes more than $19k. I think I'd be grateful to see it that way that I have gathered about 3BTC for myself to keep due to this market reset. The next cycle would be more than $20k.
i expect to plunge below the 200wma but i'm also expecting a fast recovery, same as 2015. consecutive weekly closes below the 200wma and i'd be shitting pants myself. that would indicate a stronger downtrend than ever before. a very temporary loss of support followed by a v-shaped recovery would be the ideal---that would be characteristic of a bear market ending.
The main difference is that at current levels there is much more buy support needed to keep the price at certain levels, while that was less of a problem years ago with prices hovering at levels less than a tenth of the current price. There is very little dept in the books as we speak, while there was no shortage of support during the hype of 2017.
I really expected things to be different after nearly a decade of existence, but we're experiencing the exact same pump and dump cycles unfortunately. My fault I guess.
hehe, i think we're still a few bubble cycles away from that sort of market maturity. you've gotta admit, bitcoin has incredibly strong prospects but there are also still many, many unknowns about future utility and adoption. hence, pump and dump cycles. during the bubbles, the sky is the limit. during the crashes, the only limit in sight is zero.
in 2014-15 in the $200s, i remember looking at the books and always feeling like we were on the edge of a cliff. so i'd expect the same at this point in the cycle too.
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