I hope that it is true information because I think a lot of people here have lost amount of money and this stagnancy is not so convincing at all here.
this is not information to be true or false! this is speculation...
I also believe the same. I think $6k is the lowest and once it goes above $6.5k it will continue to rise again. Just like the past few months.
this is altcoin board not bitcoin...
Lows are lower than we expected. Personally, I don't see a lot of room to go down for many alts, but you'll never know, this is an uncharted territory.
this isn't really uncharted territory though. it is the same thing that always happens. altcoins get hyped and pumped a lot then they crash back down to their pre-pump values. it is how the market works.
However, I think the end of the bear market may require most of the ALT to die.
At the moment, most tokens are headed toward ZERO, so I think the bear market will end soon.
i completely agree.
as i said, the dumps are still ongoing. prices need to go down but now they are going down much easier than before because bag holding is not as serious an issue as before. many of these useless tokens are headed to the graveyard because that is where they belong.
And then what? Another shitcoins will appear and give some traffles to the market as so they can use it for some market scams?
These people whose working behind the scenes is the only one getting some profits just for releasing and introducing ICOs in the community or even in the world.
I guess there should be atleast some memorandum of agreement for the companies that wants to launch some ICOs, it's just a sad thing the most of these alts are going to be treated as garbage as they reach 0 value.
Yes, we are in the All time Low position. We just pray that this will end soon. And of course we have the opportunity to add coins when the price of coins is cheap.
And that's what I'm saying, if the markets keeps on dumping there would be more shitcoins to be introduced in the near future and more ICO Scams will be on this community again.
more shitcoins and more ICOs will be created regardless of the dumps. it is open source and easy to create some useless shitcoin and get a lot of money from idiots so why not?
and i disagree with saying it is only people behind the scenes are making profit because i and lots of other traders are also making profit. you just have to accept the fact that pump and dumps are the controlling factor in this market and learn how to make profit from them and not end up bag holding for long time.
However, I think the end of the bear market may require most of the ALT to die.
At the moment, most tokens are headed toward ZERO, so I think the bear market will end soon.
I think only 80% of altcoin will die, this market will officially enter the new change and people will invest in the top coin to be able to make a good profit. Personally I'm sure the bear market will soon end and people will get the best price if there is ETF involvement.
unfortunately the percentage is a lot lower than that. because there will always be some shitty exchange like Yobit that keeps these coins listed and pumps them at some point keeping them alive.
and as long as "top coins" are the coins with biggest market cap, nothing will change. we need to redefine "top coins" as coins with actual usage in real world that are actually solving something not a coin that has a huge supply hence a huge fake market cap.