weak period for cryptocurrency, do you agree? - page 15.

skorupi17

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Quote from: keskass on June 10, 2018, 11:45:47 AM

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?

Maybe it is because you haven't been around for a long time. Me myself is around for more than a year now and in this particular period of the year, I can see bullish run but that's because of Japan's official acceptance of Bitcoin. We haven't heard anything with that much impact lately so the market is dependent on "normal" circumstance. Yes we are sluggish now but you haven't seen much. I witnessed the panic selling due to Bitcoin's hardfork and the drastic crash of Bitcoin's price just couple of months ago. This bearish market is more of "laying low" at the moment.

lyons

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Vertex.Market, the World's First ICO Aftermarket

Quote from: keskass on June 10, 2018, 11:45:47 AM

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?

I don't know when did you join the crypto, but this time is not bad for all traders. In my opinion, this period is good for the traders who want to make buying, but of course, a bad term for the coin holders. I hope the prices will be much more better in a near future.

RaspoBTC

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Quote from: keskass on June 10, 2018, 11:45:47 AM

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?

Yes, i agree.
But it is good to clear the market. Useless coins and token go out (hopefully) and weak hands too (also hopefully).
And then let the show begin.

MartiniBlanco

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Yes, we have a lot of weak hands into crypto right now, I think that the weak hands are the guys who bought their stuff near ATH or while bounce at the top of a bounce! Cheesy

I will not sell, I will hold the whole bearseason!!

Golftech

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Quote from: adam1230 on June 12, 2018, 11:52:55 AM

2018 started weak and weakness continues on same tempo.
It will not go down from here for me but i think its not going higher levels from 8k for bitcoin too.
Its more likely a swing.

If we attain to just keep holding and make a good support then it wont fell anymore and chances to rise up is much possible but from what we are seeing right now, panic holders are dumping their coins because of this quick downfall, really affecting crypto value, we really can't stop this weak moment we need to be more patience and stop doing panic, hold and wait for the bounce back, much prefer to buy more while price still cheap.

adam1230

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2018 started weak and weakness continues on same tempo.
It will not go down from here for me but i think its not going higher levels from 8k for bitcoin too.
Its more likely a swing.

fulmetal08larz

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Yes I think this period is weak, but, during this consolidation stage, smart money are discreetly buying in and bagging lots of coins including BTC while everyone is selling. They aim for long term and I think they are willing to hold it as long as corporations start to adapt in crypto world. Triple bottom pattern is forming which is a bullish reversal signal. Let us wait soon and hope the Gox curse will soon be lifted.

beebee187

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I would have to say that it has been a rough stretch for crypto in general, but looking back over previous years it seems to always do this over the summer. I have a strong feeling that as fall approaches we will see the prices begin to rise again. Patience is key!

icecube45

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Yes that's cryptocurrency, the price can change quickly and can also change slowly. We must be patient to face this if we do not want to make mistakes. Actually this is not the weakest period for cryptocurrency, because around a few years ago cryptocurrency was ever slower than this. It even happens for months and it's so boring. I do not know why cryptocurrency could be this way, either because of correction, or prohibition from government or on some social media about advertising cryptocurrency. Hopefully this will quickly end and the price back to normal.

Taner

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Yes, I agree, this period is weak, but this is a temporary summer silence before the autumn storm, when business activity begins again Wink

jademaxxiss012

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yes obviously for the people who are holding for their coin but it is opposite for those who had a strong hands that are happy seeing crypto market price drop and take advantage on it by investing now. Even the likes of me that also participate in investing crypto with small scale value on doing it was happy because i can buy again and i am eyeing on ether.

nsasuiteb

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BAILOUT

Not as bad as the 2013 crash, the good thing is that that will end at some point and there will be a bull run but till that time traders would die Grin

warcarft3

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yes, I agree. But I think it may soon enter the rebound phase. But when the whale wakes up, the market will change dramatically. I think it is a harbinger of the financial crisis. The funds have gone to protect the industry. So there has been a continuous decline.

upsidedown75

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Quote from: jeni99 on June 10, 2018, 12:06:44 PM

I agree with you the development of cryptocurrency in 2018 is very slow very different from the year 2017 where the development of cryptocurrency both in all fields very rapidly and significantly. whatever causes it to happen like this.

There are so many things which are then affecting the overall crypto market in a bad way and that because of which, the market values of all the coins are going down instead of going up. This kind of situation is very much difficult for the ones who have invested their money into different crypto coins as it gets tough for them to make a choice and that most of the investors end up making wring choice.

[email protected]

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Quote from: morozo on June 12, 2018, 03:01:24 AM

Quote from: romero121 on June 10, 2018, 07:28:43 PM

Quote from: Dreamchaser21 on June 10, 2018, 06:10:30 PM

Quote from: keskass on June 10, 2018, 11:45:47 AM

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?

We are in a bear market again and almost all coins drops so hard today. There might be a price manipulation since January 2018 and this is why the market drops so hard. In this kind of market patience is very important, I hope that bitcoin will not go down deeper to $5k level again.

Have patience, just go with your own decision. The present time can be considered as a buy time, and some consider losing tends to sell. Similar pattern of growth took place previously, price went as low as $6500 and then started to recover and reached around $9700 and stabilized around the $7500 range. This time too similar thing can happen.

You seem to be confident that there is a buying time now but what makes you so sure? After all btc could drop to 5k and then you would lose 20% if you go in now.

I agree, my opinion is to wait, BTC'll go lower for sure, under 6000 $, waiting strategy is now the key.

proofofstake.com

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The whole market is part of a bigger picture. Big games,big players. We are just going along for the ride here. The smart thing now would be to buy cheap coins/tokens that you believe will last long and wait for them to recover (We would recommend PoS coins,as we believe they are the future of cryptocurrencies,until an even better one comes out) and invest in them for the long term. It's painful and unnecessary to try to day trade in this market and you shouldn't waste your time and effort on it. Instead you should focus on long lasting projects.

morozo

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Quote from: romero121 on June 10, 2018, 07:28:43 PM

Quote from: Dreamchaser21 on June 10, 2018, 06:10:30 PM

Quote from: keskass on June 10, 2018, 11:45:47 AM

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?

We are in a bear market again and almost all coins drops so hard today. There might be a price manipulation since January 2018 and this is why the market drops so hard. In this kind of market patience is very important, I hope that bitcoin will not go down deeper to $5k level again.

Have patience, just go with your own decision. The present time can be considered as a buy time, and some consider losing tends to sell. Similar pattern of growth took place previously, price went as low as $6500 and then started to recover and reached around $9700 and stabilized around the $7500 range. This time too similar thing can happen.

You seem to be confident that there is a buying time now but what makes you so sure? After all btc could drop to 5k and then you would lose 20% if you go in now.

Jorosss

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Quote from: Dragonrage201 on June 11, 2018, 10:54:04 PM

It is a weak period for sure but there have been many worse and even longer corrections in Bitcoin in the past. For example, Bitcoin was in a long correction during 2014 and most of 2015. Hope this year turns out like last year and we see a strong rise in second half.

I think this is the weak period price of cryptocurrency has been down for long now. Even this happened before also a weak period of time for crypto I am still having a positivity that it can recover. Well let see what will happen this coming months I think price will changed.

disconnectme

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This has happened before but it is just tht people have short memory because they always think the market will go in their direction, the market has memory and things move in circle, we all saw the last two years, it was a huge bull run from $200 to $20k, I think we need to show patience

Golftech

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Quote from: Elcapsono on June 12, 2018, 01:19:47 AM

Quote from: keskass on June 10, 2018, 11:45:47 AM

I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?

Very weak, market capitalization is very small and the volume of trading is not shining. There are many reasons for this, and one of them will be singled out as the main one, there is only one way out, or wait and hope or sell, but come back later when the rapid growth begins.

Well if you are impatient then go and cut your loses and be back when fomo already happening, but if you are a long holders and a risky type of investors then you can go and hold your coins, the market will always be like this as history just repeating itself, you still have a lots of time to read and study how crypto really works and how the exchange will give you good edge to take this as an advantage for your investment.

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