Topic: The Glory days are gone for the moment! (Read 1512 times)
Ah I agree because last year crypocurrency was rocketing over the moon and most of the investors are millionaires today it may be considered as a glory day. Everyone was hoping this year too it will be the same But now the market is very tough struggling every moment. Well let's hope for good as the Q4 is going to Start.
I think cryptocurrency is still ahead of us. We still have good days and great prices, now it is better to buy more coins and wait. IMHO
I disagree with you on this, the good days is still coming and there are many notable forcasts of an increase in the overall crypto market capitalization and this is the best time to prepare for those days.
The crypto market is undergoing a very turbulent period and a strong bearish trend, but the long term continues with excellent prospects
I don't think the lack of enthusiasm is the reason for the current crypto downtrend. The enthusiasm is always there and I think it's still growing. I can show you some examples to prove this:
- Bitcoin and crypto news are all over the mainstream media all the time. Every time Bitcoin made major price action, it'll be covered by the media.
- ICOs are still popping up with no signs of stopping despite SEC rules, etc
- Great development happening with LN Bitcoin!
- Number Bitcointalk visitors doesn't dropping much
You shouldn't compare the price with ATH. The ATH is simple a craze, FOMO fueled by institution picking up Bitcoin. Compare the price today vs a year ago. BTC was trading at $1,xxx in June last year. It was still a 3-4x return. Great, right?
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yes I agree with you, especially this sentence
and the most astonishing thing is that if crypto really starts to be worthless, why does the incidence of asset theft occur more often? isn't the thief only going to great lengths for valuable things?
- Bitcoin and crypto news are all over the mainstream media all the time. Every time Bitcoin made major price action, it'll be covered by the media.
- ICOs are still popping up with no signs of stopping despite SEC rules, etc
- Great development happening with LN Bitcoin!
- Number Bitcointalk visitors doesn't dropping much
You shouldn't compare the price with ATH. The ATH is simple a craze, FOMO fueled by institution picking up Bitcoin. Compare the price today vs a year ago. BTC was trading at $1,xxx in June last year. It was still a 3-4x return. Great, right?
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yes I agree with you, especially this sentence
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- Number Bitcointalk visitors doesn't dropping much
LOL and the most astonishing thing is that if crypto really starts to be worthless, why does the incidence of asset theft occur more often? isn't the thief only going to great lengths for valuable things?
There are so many controversies right now about where the market is going to go that no one knows who to believe. I for one, choose to be on the hopeful side and hope that it will rise above our standards.
It has gone for a moment but it will come again in near future. As the crypto market is volatile so we can't expect a bull market for a long time through the bear market staying a long time. I hope the bull market will come and recover everyone's hope and believe! Th crypto market is recovering slightly, who knows it can be the good start!
Market is bad for now, but in crypto market a preparation stage for new glory days. We should wait for good days, be patient, prepare a good portfolio.
Glory days are gone, but only temporarily while the market recover and turn into bullish again.
Things in crypto change in cycle and it is normal that after the storm shiny days will come soon.
Things in crypto change in cycle and it is normal that after the storm shiny days will come soon.
Yes, the glory days are gone when crypto brings a lot of goodies. Gone are the days when we people earn big amounts of money in crypto.
We are in the bear market right not. The prices of crypto are really in the bottom (though not as low as the early days of crypto) and I think it will continue in the coming days. We really need to be patient and hodl and wait for the time that the market will correct itself and raises its prices again
I agree. The glory days are gone for NOW because crypto is passing through a decisive phase of existence. It is either going to perish for good, or become transformed towards a stronger, more secured and more accepted stage of existence. And I cannot say which way it will go.
So all enthusiasm about cryptocurrency should be put on hold.
So all enthusiasm about cryptocurrency should be put on hold.
As long as this market is still volatile, there will be people who will gain interest by manipulating the market. This situation will not disappear, so we should not be too pessimistic. We only need to be patient and wait for the market to rise again, although this time may have Some are long, but the bull market will always arrive.
The glory deals are not over yet, not even for the moment. I refuse to see it that way. there are people who are still taking advantage of this market trend, and still making a reasonable amount out of it. So, yeah, the glory days are not over. Even though we are waiting for a better market condition, for now, there is still some gold to dig.
In this market it does not matter how steep the coin and what prospects. because they also fall down as well as shit coins with the oscillation of bitcoin
Bitcoin was invested, when it was an acceptable price. Bitcoin can not always stay at the peak. It's like a scales bowl. While someone earns on the growth of coins - someone on the other side of the scales loses his money.
I personally disagree with your point of view. Yes, the current cryptocurrency is in a bear market, and the bear market has been going on for a long time, but I always think that this is just a normal market correction, a good opportunity to buy and hold, I am now As we are increasing our holdings, I believe that with the development and application of blockchain technology, the cryptocurrency market will recover and move higher.
That is life not all things will be blessed and not all days will be bad to you. You should know how to appreciate the things that comes to yours life no matter how hard to accept it in order to become successful.
You might be right with your statement. It will not forever be a straight way to the top, situations like this should happen in order for crypto currency world to grow and be adopted by merchants, corporations, and institutions. Who knows, they could be buying discreetly to not make it obvious to the public so that they could get lots of holdings with a cheap price.
You are probably correct!
There is not enough enthusiasm in crypto to see 10K BTC at the moment. Most dudes are swing traders and Institutional money will not entertain investing into a market whereby the Whales manipulate.
The equation has changed and you need to grin and bear it for the moment.
Best bet is to buy a coin with good fundamentals that has enormous potential.
Many coins have half baked tech and will be taken over in the future.
The equation has changed and you need to grin and bear it for the moment.
Best bet is to buy a coin with good fundamentals that has enormous potential.
Many coins have half baked tech and will be taken over in the future.
I actually agree with you on this one. After the crypto rush that happened in 2017, I guess that the only ones left to buy crypto are institutional investors, but they will not jump in until the market gets regulated, and the risks of market manipulation are lower. Until then, we will probably just have "swing traders", like you said, playing with the market. Since they keep buying and selling, they can't make the market grow, because the money just keeps jumping around.
This doesn't mean that it's not worth investing in crypto, because the coins with good potencial, like you said, still have their fundamentals intact, and this makes them a good investment for long term. It's risky, but I think it's a risk worth taking.
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