I will go in the area of advising. Yes for sure prices are down but doesn't mean that every coin will make it back up when the bull come back. Investing now should mean we are careful not to buy dry bones that can't rise again.
I detest wasting my money on shit coins because certain coins have gone the journey of no return. Buying coins that won't give you profit but just to occupy space in your blockfolio is not reasonable. Do a proper research.
Topic: The prevailing market condition a blessing? - page 4. (Read 491 times)
I think so, and the bearish market provides an opportunity for new people who want to enter the cryptocurrency and this time, they have a great chance to buy lots of coins at discounted prices. But I'm afraid there aren't many people who buy coins because many people were trapped at higher prices and they suggested new people to be careful about buying coins.
It depends. Some people see the bearish market negatively. Some investors are more scared because they see the cryptosphere/crypto industry's market is going down and they were actually expecting it before.
Some investors especially normal people think like this:
If a scheme goes down, it means it would possibly go down more.
Most of the investors are looking for a rising scheme where they will be able to pioneer with. We have to expect investors if the market is starting to rise again.
Some investors especially normal people think like this:
If a scheme goes down, it means it would possibly go down more.
Most of the investors are looking for a rising scheme where they will be able to pioneer with. We have to expect investors if the market is starting to rise again.
Yes, I am very sure that at this time Crypto prices are very cheap, and for new Investors it is highly recommended to buy at current prices. Because the downturn is very sharp, we know 2017 prices reach $ 20,000, and currently only $ 3800.
Prior to 2018 , the prices of most coins are very high and so not affordable .
Which I believe could have discouraged potential investors from investing into cryptosphere.
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?
Which I believe could have discouraged potential investors from investing into cryptosphere.
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?
The current bearish market condition or any other conditions may bring two possibilities for those who wanted to invest years ago. They may think that the current price is affordable so they can do it now but vice versa, they may think the opposite because they are worrying to invest now because of the bearish condition. So it depends on themselves, if they see and believe in bitcoin then they will invest now. Otherwise, they will keep on thinking whether to invest now or later.
Prior to 2018 , the prices of most coins are very high and so not affordable .
in cryptocurrencies you do NOT have to buy 1 whole coin so your statement makes absolutely NO SENSE. you can always buy a portion of bitcoin for example 0.0001BTC which is worth so little even if price was $50000Quote
Which I believe could have discouraged potential investors from investing into cryptosphere.
no, it would only discourage newbies who don't understand how things work and that is a very good thing.Quote
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
your mistake is that you think when price of altcoins dropped they became good investments just because of the drop. but the reality is that the higher price for 90% of the altcoins was 100% fake and it needed to get dumped to reach a more realistic price. which means even with the current dumps most of them are still overvalued.Quote
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?
it is a blessing but only because it eliminated a lot of fake prices and also killed a lot of shitcoins and ICOs which were damaging the health of the whole market.Is it a blessing to cryptosphere?
The bearish market price of cryptocurrency today is a mechanism that is been driven by blockchain technology to bring everybody on the network because if the price stay high many will not be able to buy but at a low price so many people are able to buy bitcoin compared to late 2017.
Actual scenario of market is dip but still we don't have enough investors. So If you analyse properly panic investors are available in the market because once market will pump continuous circulation will reach in every day and once market will down continuous panic sellers are increase in the market so Big whales are controlling the market because they only decide the every day market. Prior to 2018 , the prices of most coins are very high and so not affordable .
Well you can buy a chip of a whole coin that you can only afford. You don't have a buy a whole e.g 1BTC, you can buy $100 BTC so on and so forth.
Which I believe could have discouraged potential investors from investing into cryptosphere.
Even though the price of a whole coin was high still many investors bought cryptocurrency at a margin of $100 to $1,000 which they can only afford.
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
That's true I knew some people who manage to invest now rather than investing back at the end of 2017 and early 2018.
[quote author=Annalise24 link=topic=5123808.msg50277979#msg50277979 date=1553325702
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?
[/quote]
Somehow it creates an impression to an investor to buy cryptocurrency and look for profit in the near future.
The market encourages more user participation through the low price of digital assets.
Not entirely true. This bearmarket also cause panic and disbelieve among traders, 'investor' or 'potential investors' in crypto space. It's just a market cycle as usual, bull & bear market, hype and panic.
I personally become more active and trying to spot every potential coin/token that can give good returns in the next few years according to my analysis. I believe the next wave of bull run will come and I don't want to be late for the party.
Prior to 2018 , the prices of most coins are very high and so not affordable .
in cryptocurrencies you do NOT have to buy 1 whole coin so your statement makes absolutely NO SENSE. you can always buy a portion of bitcoin for example 0.0001BTC which is worth so little even if price was $50000Quote
Which I believe could have discouraged potential investors from investing into cryptosphere.
no, it would only discourage newbies who don't understand how things work and that is a very good thing.Quote
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
your mistake is that you think when price of altcoins dropped they became good investments just because of the drop. but the reality is that the higher price for 90% of the altcoins was 100% fake and it needed to get dumped to reach a more realistic price. which means even with the current dumps most of them are still overvalued.Quote
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?
it is a blessing but only because it eliminated a lot of fake prices and also killed a lot of shitcoins and ICOs which were damaging the health of the whole market. Is it a blessing to cryptosphere?
Thinking out from the box, I think you are right.
The beariish market condition made it possible for some potential investors to buy into Cryptocurrency.
Those who were not able to get in prior to 2017.
The market encourages more user participation through the low price of digital assets.
The beariish market condition made it possible for some potential investors to buy into Cryptocurrency.
Those who were not able to get in prior to 2017.
The market encourages more user participation through the low price of digital assets.
The bearish market price of cryptocurrency today is a mechanism that is been driven by blockchain technology to bring everybody on the network because if the price stay high many will not be able to buy but at a low price so many people are able to buy bitcoin compared to late 2017.
Prior to 2018 , the prices of most coins are very high and so not affordable .
Which I believe could have discouraged potential investors from investing into cryptosphere.
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?
Which I believe could have discouraged potential investors from investing into cryptosphere.
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?
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