Topic: What Is Really Happening To The Market? - page 3. (Read 1566 times)

Bitcoin goes up. alts go down. Bitcoin goes down. alts go down. Nothing really has changed from what I have seen other than investors and adoption. According to recent survey 70% of US adults want in on bitcoin, this number was much lower few years ago. With more players involved, predictability goes down as well but if you keep updated with the news and technical analysis, its not that unpredictable either. There are other things like covid and global economy that can effect the predictability.

This is normal movement in crypto market that we may observe price may increase and may declined. But, currently upon checking bitcoin price cross $13k above. As others been said, if this will continue we may see good movement this year ends. There’s nothing to be alarm about the market condition since it is always volatile.

We have known from the start that cryptocurrency were volatile and unpredictable. For me it doesn't change its characteristics from the start up to now. What was really happening on the market now was a usual scene that every investors and traders have seen in the market. But what was the difference of today to last years scene was the value of cryptocurrency were seemingly good compare to the last year.

Crypto market is holding up pretty well, 5k per bitcoin is possible but not now, maybe in future, right now the entire crypto space is bullish, starting from DeFi success and PayPal implementing crypto, I think it's time for another bullish trend because huge amount of money is coming in trust me, there will be more demand on crypto

Yes this had a impact on the price of bitcoins as many people sold their assets to over up the losses they faced in the share market and that is why the price was dumped by a big margin earlier but it was quite quickly fixed to the normal price I guess within a month so might have something to do with the big scam that happened during that time in the name of Plustoken.

Don't think India have much big holders of crypto and yeah if China dumped then maybe you are right but besides that I cannot imagine why prices would change too much because of tension between two countries as it has nothing to do with crypto.

That collapse happened mainly because of the circumstances that surrounded the market during that time because almost every country suffered economic crisis and there were even rumors that the corona virus might end everything in coming time so people panicked and sold their coins and when the market drops and people panic it keeps on dropping because of the domino effect if one dumps their coins then others because of the marker drop also sell their coins in panic.

Now that we are back in the 13k range everything feels normal and again the domino effect is taking place as the market moves up everyone feels like buying and hence the market moves up even higher.

Looking at the current trend of Bitcoin price movements, I don't think Bitcoin will return below $ 10k. It is possible that in the next few days Bitcoin price will go up to $ 15k and then continue to price $ 10k. With the current Bitcoin price strengthening, I think the altcoin price will be under pressure and will probably go back up once the Bitcoin price starts finding a new balance

The price of bitcoin would not have collapsed quickly if there was no bad news even though it might potentially fall to such a low price but it would be very unlikely, due to the influence of the limited supply and making it difficult to get bitcoin then bitcoin should always have price increases.

I really do not think Defi was the sole reason for the pump and dumb of cryptocurrencies prices. I think the reasons for these actions could be as follows

1) the crash the the stock market and forex market due to the corona virus. This could have had a major effect because the crypto market reacts to the actions of these markets.

2) The wars for border that happened between China and india.  China sold and cut its reserve of US bonds because America moved in support of India.

we as a whole need to acknowledge the way that the crypto market is unusual.
At whatever point there is a variance in the price either up or down. However, presently, it is very tragic to see the market prices are draining excessively, yet let us think this is just a hefty revision which is following a month again it will return to the bull pattern and everybody will shout once more
i will obviously advice against dumping your coins based on the things that you see online, always make your own research.

Regardless of whether it's as of now getting dump, I kinda question that the cost will go under $5k toward the year's end however the market has consistently been unusual, it encounters distinctive high points and low points so actually never know. Defi has as of late getting publicity however I don't feel that is it's the fundamental purpose behind the past increment since there are a few principle prudent issues that likely influenced the market.

Yes, bitcoin is moving up, but what happens to the market, everything goes down again. Every time bitcoin starts any movement, altcoins immediately begin to fall. I am more and more inclined to have 80% bitcoin in my portfolio and the remaining 20% altcoins, half with ether. Most likely, the market is now sinking under the pressure of bitcoin growth, perhaps funds are now being transferred from altcoins to bitcoin, so we see such a situation.

There's already correction happening, bitcoin nearly to contact $14k mark yet before that moving back $13k. Bitcoin is on sell so congrats those who have managed to take profit before the pullback! I always know that the opposite will happen but having doubt if bitcoin arrive at such low $10k. I can simply continue purchasing more while getting this low!

Now bitcoin has again approached $ 14k, but it could not overcome this unfortunate mark and rolled back. If Bitcoin fails to break through $ 14k, then in November it may fall even below $ 10k. It's my opinion.

When the pandemic started people had no option to leave home at that moment many of them started to invest in share market, stock market, crypto and so on. Many of them lost jobs, many industries closed a lot happened, at this point of time I am still surprised crypto is really doing well and good. People are creating FUDs on everything has gone bad and market is down but in my point of view crypto is doing good.

The main reason why the market is getting harder to predict is because the nature of market is changing due to more adoption by the public. But it is not very hard for good traders to predict because the combine both fundamental and technical analysis to predict the next move in the market.

I think we are now on the verge of a bull run now that bitcoin is making a very stable upward trend as of the moment and its value right as right is almost in $14k. I have a strong feeling the bitcoin will reached a new all time high value before the end of the year until the first few months of next year.

This might be the case now as we can see that bitcoin is climbing up consistently the reason why some investors are thinking that we are heading to bull.

Well its too early to say, but I do hope before this year end another bullish market happens. So despite of the bad things of this year that affect each of us and the economy there's a good thing that can cheer us up.

Bitcoin dominance has increased recently, due to the pay pal news and the news about the bank in Singapore, Most participants in the market are reactionary. They react to this news, that news, and tend to jump on the bandwagon at precisely the wrong time, then when it does not pan out, jump off at precisely the wrong time.
and till 15k there is no serious resistance and whale know it, so most of the money of the market is flowing to the BTC and when it reached to 15k and if it got stable in that era for a few weeks we can expect bitcoin dominance decreases slowly and we see altcoin raises slowly.

Well, IMHO, all the 'virtual land' is being gobbled up ..that is Bitcoin wise. 18.5 million Bitcoin have already been mined out of the 21 million total. So, if this is the

case, and you have had the halving about April 8th, 2020....and as such the 12.5 Bitcoin to a block is not down to 6.25 Bitcoin to a block. Thus you have 'starting' at

this time 2 things going on (1) less Bitcoin available and (2) due to the state of the world more people in HODL mode for Bitcoin. This means, a lot less, Bitcoin on the

the market for sale and with the state of the world 'adoption' increasing the price of Bitcoin has been rising steadily.

So, IMHO, it is now a 'question' of adoption....how many people want in? Now as far as HODL'ers selling, don't think we are there yet, so this amount of Bitcoin

available to sell will keep the price up IMHO. As a 'guess' on my own HODL'ings (for sure the Altcoins) I will likely dump Altcoins at around the previous all-time high

of around $18k per Bitcoin. So the hodl'ers will sell some around the next All Time High for Bitcoin and/or like myself sell their altcoins then (my plan) and HODL

the Bitcoin. So anyway, it takes a few months after halving for these price increases with Bitcoin, IMHO. With the PayPal annoucement and likely 'inflation' a concern in

a few years I see the stock market going down by 1/3 and gold and Bitcoin at least going sideways at worst or up a bit.

So in a 'general' market sense, save cash, get Bitcoin to HODL agains inflation and diversify your stock market assets to bonds more so then being aggressive.

We have a 'few' years to get through all this, as to myself I think the Bitcoin market is the place to be at this time above other choices.

(like I know zip)

Brad