Topic: What is happening with Crypto market - page 5. (Read 1035 times)

The market is actually in the pressure of the USD and global inflation crisis. I am sure we are going to be in this situation for the 3 to 5 months as in 2023 Q 1 we are going to be bullish,i am dammn sure. Its consolidation zone as side ways movement and a booring time but a good opportunity for the investors to accumulate its going to end very soon.

Nothing is happening in crypto that hasn't happened before, 2018 was worst than this. There's always room for a retest, there's bear and bull season. Everything has its season, we just got to be wise about it all.

people who have bought Bitcoin at a price of $50k to $40k are not wrong, because they do intend to buy, but why do you blame them that bearish is only for that person?
we are indeed entering a bearish season, that applies to all cryptocurrencies, I'm sure you also bought altcoins and now altcoins are also experiencing a drastic decline,
so don't just make statements about bearish.

Exactly, I think the people who experience bear market for the first time are the ones who are overthinking right now, if they truly made a right decision on investing their money in Bitcoin, especially if they bought at $50,000 down to $40,000. Bearish market is just about the market giving red candles all of the time, others are just making it complicated to create FUDs to have a chance to buy more once it dips because of panic sellers.

Nothing is happening in crypto that hasn't happened before, 2018 was worst than this. There's always room for a retest, there's bear and bull season. Everything has its season, we just got to be wise about it all.

There will be volatility in cryptomarkets. Gradually it is apprehensive of bad conditions. Big investors are a little confused,, especially in the fear that the global economic recession may affect this market. But for those who have cleared positions for investing in crypto with risk, this will not be much of a problem. Now if the crypto community takes it well then nothing can stop it. We have also seen in the past when the global economy was in turmoil due to the Corona pandemic, The crypto market did not face any problems at that moment.

But honestly, even long-time traders can make a mistake when buying certain coins.
Especially if the coin is new and not yet established in the market.
But they can always minimize their losses by observing the warning signals coming from the project itself.
Trading needs a lot of patience, and only few people can actually bear the stress brought by this activity.

Though not happy with what market is reacting to, one thing is sure those who has lot of money right now could really become rich very soon if they keep investing at the current market rate. I’m feeling the drift here but unfortunately I’m not a guy with bag full of cash.

FED, or any other financial organisation from other countries, they all are re-plotting the strategies to keep the banking at its best. After all it’s about the inflation and we need to fight it. Not everyone is amazed by bitcoin, there is still big population who still go traditional want to keep it that way.

Current crypto currency market was a sad one to the holding people.They keep on losing their dollars by holding the potential coin itself.

I had lost 120$ from 530$ two days back.It’s just because of the holding of various coins and the market crashed nothing like anything.The percentage of 120$ from 530$ is very huge money.Its essential one to hold your coins for the long run in the crypto currency trading.

There will be volatility in cryptomarkets. Gradually it is apprehensive of bad conditions. Big investors are a little confused,, especially in the fear that the global economic recession may affect this market. But for those who have cleared positions for investing in crypto with risk, this will not be much of a problem. Now if the crypto community takes it well then nothing can stop it. We have also seen in the past when the global economy was in turmoil due to the Corona pandemic, The crypto market did not face any problems at that moment.

Yes, long-time traders can make mistakes and usually, it is because of the desire to make big profits in a short time. And if they want to trade in new coins that are not well established in the market, they have to be very careful because there will be pump and dump moments. And with previous experience, these old traders can still survive the price volatility that exists in the market because they can find loopholes that are useful for them and minimize losses. I admit that this stress level can change as well because I see that these traders become stressed. After all, they just want to chase profits without seeing how the market moves.

But honestly, even long-time traders can make a mistake when buying certain coins.
Especially if the coin is new and not yet established in the market.
But they can always minimize their losses by observing the warning signals coming from the project itself.
Trading needs a lot of patience, and only few people can actually bear the stress brought by this activity.

The market condition Is too bad and also out of control. Hopefully market will recover soon in next 2 3 years.

In this situation, many investors take a risk to invest their money. But also thier is the chance to take profit from bearish market. But too risky

And if we can't trade, we don't have to force ourselves to try it because in this situation, if we miss analyzing, we will buy at a high price and there is a possibility that we will have to wait until the price rises again. In this bear market condition, we should buy at a low price when the red candle appears in the market and hold it for a while until the green candle appears and exceeds our buy price to make a profit. That's where we need to learn about trading to use the moment to buy and sell even if we are in a bear market.

if you want to put yourself in a trade when the market is bearish like it is right now. actually quite difficult to do. Moreover, the current market movement is very volatile. the risk is too great, even when you are trading futures.

normal situation occurs, but choosing to trade in my opinion is not good enough if we are not pro traders who have sufficient skills. I believe we should make better investment planning now. no matter long or short term, we don't know when the market will recover.

Today I read a post from altFINS about current crypto and macro situation.

Do you think the bear market will continue until FED will end raise interest rates?

The post:

Crypto Market Overview (week 37)

Crypto and equities markets finished the last week with losses, preparing for this week’s FED announcements. Crypto markets dropped heavily with Bitcoin down by over 10% compared to the previous week, closing at 19.419 on Sunday. ETH experienced the biggest slump by almost 25%.

The Merge had successfully taken place on September 15th, 2022, at 08:42:42 GMT+2 at a Block #15.537.393, marking the full transition of the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS), which will cut energy consumption by about 99.95% compared to the PoW consensus mechanism. However, the successful upgrade had not fuelled the Ether’s price further up. Instead, the price remained flat at the Merge event and finished the week down at 1.335. Equities, on the other hand, dropped by around 5% with NASDAQ closing at 11.448 and S&P closing at 3.873 last Friday.

The FED is expected to raise interest rates by another 0.75% this week. The consumer price index, published by the Bureau of Labor Statistics on last Tuesday, increased by 0.1% in August, ending at 8.3%, down from 8.5% in July 2022, but still at four-decade highs. Headline inflation rose 0.1% month over month, even with falling petrol prices.

Core inflation rose 0.6% month over month, translating to an annual increase of 6.3%, up from 5.9% recorded during the previous period. Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation. Moreover, Economists polled by Reuters forecast the CPI fell by 0.1% month-on-month in August, resulting in 8.1% for August 2022, down from 8.5% a month earlier.

Despite the drop in gasoline prices, the rise in core inflation fuelled speculation that the FED will have to step up with further rate increases on its next meetings. According to Refinitiv, the new expectations point the federal funds rate to a new target range of 3.80% to 4.20% by end of 2022, with a peak of 3.94% – 4.45% around March 2023.

Overall, the crypto market sentiment (measured by Crypto Fear & Greed Index) continues to stand at 21/100, indicating Extreme Fear, compared to a month ago when the Index stood at 29/100. The total crypto market cap had dropped by almost 10%, crossing below the $1 trillion mark. ETH dominance slightly dropped to 18% (from 20.5%) and Bitcoin went slightly up to 39.4%. As we had pointed out in our previous week’s macro analysis, the ETH Merge was a typical buy-the-rumour-sell-the-news event. The Protocol’s technical upgrade had already been priced in.

WATCH OUT FOR: The next monetary policy meetings are scheduled for September 20-21st, 2022 for the FED and October 27th, 2022, for the ECB. The next US CPI release for September 2022 is scheduled for October 13th, 2022. The next US GDP update will be released on September 29th, 2022, followed by October 27th. 2022.