Topic: Sensitive market at this moment. (Read 2327 times)

We saw enormous grows the last years in the cryptoworld.
The marketcap was exploding the last years.

Because the fast growth, I expect the cryptoworld to slow down.

Look at the marketcap the last month/weeks, Its almost a pump and dump system these days.
Instead of people holding on to the coins they have and let the cryptoworld grow healthy, develop further and get more adopted by countries etc.

No, people get scared the moment the market cap gets to high and instant sell with little profit.
If this trend keeps going, I feel the cryptoworld going nowhere the coming 2 years.

This market is very very sensitive, were talking about a big future here.
Yet people want to make quick bucks and keep on pump and dumping.

I have no doubt in the following 4 years, the cryptoworld is at the 500B cap.
We all want to make money, thats why the most of us are investing anyway. But IMAGINE what the coins you own could be worth in 2020?

Yet trading is a good way to make some bucks, and the experienced cryptotraders know what they are doing.
But for the newcomers this is scary, the moment they see the investment they made go down 5% they sell.

Its just repeating itself the last weeks.

My expectations of btc and eth are bright. Btc reaching the 5K mark at 2020. And eth going 1k.
Altcoins are such a gamble, for now they seem like a good way to make huge profits. But I dont see a real way of them getting used in the long future.

In short: Were at the pump and dump routine now, if we want this world to grow, have faith, let newcomers also gain trust in the cryptocurrency, countries will jump on this currenry the moment its truly developed and not some "gambling" market.
1st of August will either have a positive impact or a negative, I cant really give my expectations, cause at this moment the market is unpredictable.

What are you're thoughts? How you feel the market growing this year?

It is not about this moment. Altcoin market has always been sensitive. It is not regulated thus pump and dumps are quite frequent. It has low marketcap as compared to other monetary system. Thus, prone to high volatility. Also, it is decentralised thus anyone can buy and sell at any price. Thus creating more volatility. Altcoin market will remain like this only.

Thanks for your great explanation! Btw I never thought there are people who are never going to sell their coins no matter what. I understand that you meant unless bitcoin is adopted worldwide and it costs one million per coin. Then selling small fractions of what they have they be the richiest elite of this world

Because the fast growth, I expect the cryptoworld to slow down.

Look at the marketcap the last month/weeks, Its almost a pump and dump system these days.
Instead of people holding on to the coins they have and let the cryptoworld grow healthy, develop further and get more adopted by countries etc.

yeah I don't really like the idea why alt has to sufferred from bitcoin crash, people should really need to start making a crypto coin that not pegged to bitcoin lol.

Yeah, you got it right

This is how things work in general, though I wouldn't call everyone involved in Bitcoin a speculator. There are a few groups of people who are not speculators despite being Bitcoin users. The first group consists of miners who receive the fees and get paid miners' reward for allegedly doing something useful (i.e. confirming transactions). The second group is made up of folks (some of them are early adopters) who bought coins but they are never going to sell them no matter what (at least, so they say). What are they waiting for? They are waiting for Bitcoin to become a killer currency enjoying universal recognition across the world and for themselves to become new wealthy elites. The third group is a group of people who get paid with bitcoins for some job done. Obviously, even if they sell their bitcoins, they are not speculating. And the fourth group includes those who are actually trying to use Bitcoin as a means of payment, i.e. for buying goods and paying for services

Alright, then we all are speculators in a way, even not being traders.

Yeah, I'm not joking, it's true, because even holding we hope for the price to rise, and in fact if this happens we sell at the higher price later, like all speculators do.

It is not the adoption that make bitcoin market sensitive, it is the argument between camps on what to implement to solve the bitcoin scalability.  Aside from that, whales are taking advantage of these situation making the market highly volatile.  But it is somehow solved by the announcement of some major exchanges regarding the rejection of the other chain that will split from bitcoin ,main chain.

You are right bitcoin market became sensitive this past few weeks maybe because more and more users are engaging in crypto-currency and somewhat bitcoin need some adjustments I think this would last up to the end of this year. There might be fluctuations but somehow it's a good chance for investment and trading we just have to trust in bitcoin and continue using it

We saw enormous grows the last years in the cryptoworld.
The marketcap was exploding the last years.

Because the fast growth, I expect the cryptoworld to slow down.

Look at the marketcap the last month/weeks, Its almost a pump and dump system these days.
Instead of people holding on to the coins they have and let the cryptoworld grow healthy, develop further and get more adopted by countries etc.

No, people get scared the moment the market cap gets to high and instant sell with little profit.
If this trend keeps going, I feel the cryptoworld going nowhere the coming 2 years.

This market is very very sensitive, were talking about a big future here.
Yet people want to make quick bucks and keep on pump and dumping.

I have no doubt in the following 4 years, the cryptoworld is at the 500B cap.
We all want to make money, thats why the most of us are investing anyway. But IMAGINE what the coins you own could be worth in 2020?

Yet trading is a good way to make some bucks, and the experienced cryptotraders know what they are doing.
But for the newcomers this is scary, the moment they see the investment they made go down 5% they sell.

Its just repeating itself the last weeks.

My expectations of btc and eth are bright. Btc reaching the 5K mark at 2020. And eth going 1k.
Altcoins are such a gamble, for now they seem like a good way to make huge profits. But I dont see a real way of them getting used in the long future.

In short: Were at the pump and dump routine now, if we want this world to grow, have faith, let newcomers also gain trust in the cryptocurrency, countries will jump on this currenry the moment its truly developed and not some "gambling" market.
1st of August will either have a positive impact or a negative, I cant really give my expectations, cause at this moment the market is unpredictable.

What are you're thoughts? How you feel the market growing this year?

This doesn't change anything in particular

Speculators are not just those who buy today only to sell tomorrow. These are any people who are hoping to earn profits by buying low and selling high no matter how long it takes to wait for the price to rise. Indeed, such people most likely won't be called speculators since buying and holding for longer terms is considered as "investing", but, as to me, it is all six of one and half a dozen of the other, especially in respect to purely financial (read speculative) assets like Bitcoin (where you can only mostly via rise in price)

Read my reply again, I said "some of them offer some good things on paper(like contracts in Eth)" but again this does not change the fact that everybody wants to jump on the wagon created by Bitcoin. Pretty much every alt coin promises something that Bitcoin doesn't have. That's their selling point after all. The thing is though do we really need those things they promise? I'm not against Eth btw, I'm following it closely.

I also don't think marketcap is a good metric for coin strength.

  Bitcoin will reach $5k before the end of this year. If not, in 2018 surely. The crypto market will continue being chaotic until the mass public adopts it, which will not be for some time yet.
  Look at personal computers. They were first brought to the market in the 70's, but it wasn't until the mid-90''s that many households began getting them. If a similar trend happens with crypto, we can expect it to take until the mid 2020's to gain significant traction. Until then, get used to the chaos.

The market becomes sensitive because of people that are using it. They are panicked real quick and starts selling everything they have got. The circulation of bitcoin in current situation then increases a lot in the market and drops the value dramatically. That is well know trouble by us. The only way to change the sensitivity of market is by changing the views against market drops. Sudden reaction will always make bitcoin or other coins weak loosing the value.

I wonder if a coin will come along that offers everything all of the altcoins do, and more. Think about early social media such as MySpace. Clearly it was missing something or it would still be around... and now we have Facebook. Eventually a coin might appear with far more features and ease-of-use then BTC and everyone will jump ship just like Facebook.