Topic: Relax, its just a hard market reset - page 5. (Read 19527 times)
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.
well it is not about "optimism" in my opinion it is all about whether or not you see any potential in bitcoin. if you believe the adoption is just starting then you should also expect the price to continue to rise up because of it and have no worries about these short term dips. if you don't see that potential then you shouldn't even be here!
as for weak hands i believe they are out, and right now the market is mostly controlled by the whales since even other investors are staying away because they don't want any involvement in manipulated market. and $3k range is heavily manipulated price.
as for weak hands i believe they are out, and right now the market is mostly controlled by the whales since even other investors are staying away because they don't want any involvement in manipulated market. and $3k range is heavily manipulated price.
Well from what most people are saying. The weak hands are not out of the market. Instead of taking a loss, withdrawing their funds and moving on with their life. They do the complete opposite and become bitcoin bears.
The social media, this forum, various trollboxes are all saying BTC and ETH are Ponzi's and they are shorting until $1K. They are using high leverage and are absolutely certain that BTC will go down. Basically trading on emotion instead of technical analysis.
And what usually happens when the general retail market is short? A big short squeeze followed by a huge FOMO rally. Then it might drop again however.
The social media, this forum, various trollboxes are all saying BTC and ETH are Ponzi's and they are shorting until $1K. They are using high leverage and are absolutely certain that BTC will go down. Basically trading on emotion instead of technical analysis.
And what usually happens when the general retail market is short? A big short squeeze followed by a huge FOMO rally. Then it might drop again however.
Thats a given, market is resetting but the big debate is to what price does it go before buyers match sellers for a more stable price. The most bearish against BTC want to argue that there is no stable price possible to agree due to its highly virtual nature and the argument being there is no base worth.
The most bullish believe BTC has such a fast velocity to its circulation it will always be used in transactions and be superior to Dollar which is a digital currency also. Most of the worth to be argued is in the non centralised worth and its global nature above one economy
The most bullish believe BTC has such a fast velocity to its circulation it will always be used in transactions and be superior to Dollar which is a digital currency also. Most of the worth to be argued is in the non centralised worth and its global nature above one economy
You could be right, but after clearing out those people the market would inevitably take time to recover. Even the most ardent of believers will have their doubts at times and their confidence will have taken a knock with all of the price dips. I know that I am personally less bullish than this time 1 year ago. At that point I was aware a price dip was coming but not when, but I did think the price action was a sign of long-term bullishness. I am still bullish now but a year with little good news takes its toll.
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.
This market dip because we have bubbled in 2017. So once it burst, there's no stopping as the panic sellers was forced to minimized their losses. Or just investors who really don't know what to do in the bear market and chooses to bail out while they can.
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.
Definitely, the market has been cleansed already, however, it doesn't mean that we will automatically see the market recovering the soonest this year because there's no money coming as well. We need to be patience as the market will be having a hard time bouncing back if their is no catalyst to push the price and make a reversal.
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.
It's actually a correction that we've been witnessing for the past year and I think those panic sellers have sold all their coins. However, we are not out of the bear market and we might not see the market goes on full recovery this year as well, not to burst the bubble but don't put too high expectations so that you won't get disappointed at the end. Just take advantage of every opportunity to book profits. But if you're not comfortable, then don't force yourself.
I really like your optimism though, maybe the weak hands got burned and already out of the market since last year. What's left is the whales and speculators, who keeps on shorting bitcoin that's why the price is having a hard time taking off.
But I would agree that we need to be positive and optimistic that we will soon see a good bounce. Not necessary all time highs, but at least we should move further away from the last bottom of $3.2K.
But I would agree that we need to be positive and optimistic that we will soon see a good bounce. Not necessary all time highs, but at least we should move further away from the last bottom of $3.2K.
Unfortunately, no one can predict how cryptocurrency rates will behave in 2019. On the one hand,I absolutely agree with you, the market has cleared itself of many random fellow travelers. On the other hand,while there is no state regulation, there will be no clarity in the prospects of market development.
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.
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