Topic: What Is Really Happening To The Market? - page 4. (Read 1529 times)

What I think it has really something to do with the current situation that we are in right now, worldwide. Markets are down, stock market is down, consumer activity is very low if not an all time low, many businesses have closed and many fortunes were reversed. So if you are going to ask me, this is just really a reaction to the global recession that is happening right now. So I won't be surprise if the price goes down, in fact, if you know the market trends then you would still be able to profit from such a scenario.

Its going to be fascinating to see BTC drop to $5000 again and the defi ventures fly up like how the YFI did.
There were a few reasons I've found out about what truly is going on like the digger's exit to which they are selling it easily so new excavators won't get ROI and in the long run close down. The main explanation some think that its reasonable is that nothing can escape the pull of gravity, I surmise this is simply financial investors taking benefit and afterward reinvesting again after.

no one knows exactly what is happening on the market, I trade based on technical analysis and the correct calculation of risks, this is all I need to know, but we can state that 2020 has become a breakthrough year both in terms of scaling cryptocurrencies and new projects like DeFi, NFt and others

I strongly believe that digital assets will find widespread mass use, going beyond market speculation. Probably, cryptocurrencies will be taken as payments almost everywhere, and even in classic banks. I am absolutely sure that this time is closer than we can even guess right now. As for Bitcoin, it will not go down so dramatically.

An indeed a sad truth about crypto and that its unpredictable movement of market and whether we like it or not we need to deal with the values of the token we have. But the fact that Bitcoin value dropped its value from $10k down to $5k is definitely unbelievable. And i dont believe it also. Upon checking the blockfolio the value of bitcoin was still unbeatable by having a value of $10k and that's a good news to all those who have a bitcoin today in their wallet.

The reason for the pump in the prices of cryptocurrencies is not because of the defi hype, The most probable reason for this big bleeding in the prices of cryptocurrencies is because of the stock market which is not stable. The instability of the stock market is due to the effect of the pandemic (Covid - 19).

The dump in prices doesn't mean we should make use of it, this is a time when we can buy cryptocurrencies at a very lesser price and hold till the price pump again.

The decline in the price of Bitcoin in september is purely due to a correction, every Bullish or Bearish movement requires correction to continue the trend,
I'm not sure if the bitcoin price drops to 5k usd, although there is always a chance that it will, but with today's circumstances and volume it's still very unlikely,

Bitcoin, being very volatile in price, as well as other alternative cryptos, you can't really predict if it is going up or going down. Having dumps on cryptocurrencies is a chance for us to buy at lower prices, as i said it's volatile, and you'll never know when are you going to get a pump. Defi surely made a hype in the market, but that doesn't mean it is the reason for the pump in the prices.

The market seem to be downtrend right now and this might only temporary just hope it will be like that or because the hype of defi already gone and now the market are starting to bleed back again? Who know what will happen to cryptos market just finger cross hoping for the best.

From all points of view the crypto -market is not in a good condition due to so many factors.Market started to recover middle of the year but suddenly it crashes again but no matter how bad the market condition is this year I don't think bitcoin will fell below 5k .The market will recover with time and things will be stable again.

The changes of situations on the market are basically the flow on how ability of some progress happened through the behavioral differ allocations. Just like giving the negative and positive value of giving of acettaon projects.

Current crypto market movements tend to be more stable so we should pay more attention to prices carefully and also prioritize the right analysis before making market transactions, because with market movements like this it will be difficult for us to predict the rise and fall of crypto prices,
and I personally prefer to play carefully and tend to prefer to save the money I have.

How I look at BTC/Crypto 'each day' to keep 'somewhat sane'

1) BTC/Crypto is going to dump to 1/2 its value, of the particular day you are doing this mental exercise in HODL mode.

(I don't think, at this point in time, after 11 years it is more than that is likely to drop less than 50% in value after 11 years of real-world use)

Thus, meeting worldwide maximum adoption in the world. (likely mostly majority of use in under-developed countries) and mass adoption being met,

will from then on be acting like a 'traditional investment' and gain...say 2% per year into the future, from then on.

2)BTC/Crypto  is going to 'stay' at its current value, (of the particular day you do this mental exercise in HODL mode) thus meeting worldwide maximum adoption

in the world. (likely mostly undeveloped countries, for the majority of use again) and maximum adoption being met..will from then on be acting

like a 'traditional investment' and gain no more than 2% per year into the future per year in value, from then on.

3) BTC/Crypto will go up 8x/16x/32x as it has done several times since 2009 when it was invented...and mass adoption will be widespread worldwide and

not just a 'niche' adoption, like in the above to mental choices of 1 and 2 above

Anyway, how it plays in my mind, day by day, in HODL mode of BTC/Crypto/Altcoins, etc, etc.

Then again, I am HOLD'ing by 'some people view' magical beanie baby fantasy $$$ so WTH do I know

Brad

I think maybe because of some bad news that makes the whales and investors to sell their assets and prefer to secure their money, but you should know that they don't always do that, they will still make a few purchases and try to take advantage of small movements to find fortunately, when conditions are like this, the only coins that have the potential are bitcoin and a few reputable altcoins.

Which is certain that right now market conditions are still very much influenced by the DeFi hype that occurs, so that market price movements will be very difficult to predict where the next movement will go, maybe for some people this condition will be very profitable to buy alt coins because basically bearish and bullish trends can it just happens from time to time but some people also think market conditions like today are very risky because there could be a sudden bearish price due to the decline in the DeFi hype.

conditions like this are normal for me trade goes up and down This decline occurred because of bad news in the crypto world but what I see today the market is back in an uptrend, even if only slightly

This is normal, the market situation cannot be predicted accurately, sometimes the above and vice versa. But if in September the BTC price is back below $ 5k I'll use it to buy as much as possible. but it looks like the current market situation is affected by the increasing adoption of defi.

Although it is difficult to predict in crypto, I do not believe that the price of Bitcoin will fall below $5k. The crypto market is currently undergoing a normal process, it is just a market correction. The growth of the crypto market in August was only due to Defy's hype. I don't think that's right either.

 Obviously the fast track increase was caused by the halving and that usually means that if price of something goes up that fast, it goes down fast as well, it doesn't have to fall down to what it was, but it does fall anyway. Which is what happens to bitcoin, we were around 9k levels, went to above 12k in a week or so, we went to 10k now. That makes super sense because thats how it works honestly.

 I believe correction was something temporary, people who wanted to take out their profit already did and there is really no more need for any correction and there is no more sell for profit type of people which means they will not be really doing any big amount selling. All of this means the price of bitcoin will go up and when bitcoin goes up all other coins go up as well.

From July to August of this year, bitcoin and cryptocurrencies increased in price too quickly and they had to pause to reach equilibrium before they could continue towards higher prices. Not because of lowering prices in a short time but losing calm in front of the market. We need to accept fluctuations, if it doesn't happen now, it will happen in the future.