What Is Really Happening To The Market? - page 9.

harizen

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Quote from: restuibu on September 05, 2020, 02:34:02 PM

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?

Crypto is unpredictable since the beginning.

In most of the cases, when bitcoin pump, a much continuous price will be followed is on the mindset of the majority. How many times bitcoin act like that? No questions needed honestly.

And exactly 1 month ago, bitcoin price was sitting at around $11,700+ and playing at the bottom within the range of $11,300+ to $11,400. And as of typing this post, bitcoin price was around $10,100+. I don't see how it was considered as "the market is now bleeding". The recent price decrease is nothing when you compare the price starting at the beginning of this year.

minatour

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Am confused, same as you are, really don't understand the market aswell, was waiting for more pump from btc and altcoins but was very surprised to see the quick change of the market, hoping for more green sooner.

coinporch

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Quote from: restuibu on September 05, 2020, 02:34:02 PM

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

market not always going up my friend, when the up is enough a corrections will coming from a huge profit taking actions
just wait and see what will happend next, maybe it will surprising you

oscarftw

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Quote from: restuibu on September 05, 2020, 02:34:02 PM

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

The big bleeding happened when covid-19 situation arrived. Later halving effects helped the market to stay stable. Running bleeding is just another correction of Bitcoin. In one month or 1.5 months Bitcoin prices will hit 12k again. As for history, I can't believe this year could be a bullrun year, but highly possible for next year. Bitcoin won't be below 5k USD again anymore.

Smitty Werben Man Jensen

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the market is bleeding, this is a good opportunity to buy as many altcoins as possible,
make sure you buy good altcoins and hold on until the end of the year,

batang_bitcoin

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Quote from: restuibu on September 05, 2020, 02:34:02 PM

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

We have no idea. We can't see the future but did we also see the possible recovery after this? Everyone is pointing out the dump but doesn't talk about the potential recovery of it.
And if not, you don't look to the peak that it made and that could be the ceiling and we're about to see a bigger correction this time. Needless to say, if you see it dump, act on it, and buy.

mdgabrielzim

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nicecrypto

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Btc is taking the whole market down with it, not very fair for most alts because many did not experience the recent pump in price of btc and some alts and Defi project, now they have to suffer with btc going down the drain, I wish most alts are not pegged to btc maybe this dump won't be.

Sebas.tian

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It happened the same as always, crypto is impossible to predict, and we have recently become very dependent on the stock market and what Mr. Trump is doing.

Absolutely nothing is new to us, we're not new to this system as red has been part of the system from inception. Whenever it turns red signifies accumulation ahead. Those who don't have the self will to make passive income during this time to acquire coins from this dip will always regret their actions. Its time to buy while waiting for the appropriate time to pickups profits during the bullish period.

ololajulo

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Quote from: restuibu on September 05, 2020, 02:34:02 PM

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

Exactly my thoughts. The crypto space is getting harder as the day passes. The sudden crash in the market is really what I have not understood. But then, we should expect this kinds of crashes in the crypto.

The bad thing is that the market may not climb that fast the way it dumps. Taking profit for most people in altcoins might probably be to bitcoin and I dont see much of holding of stable coin, which is the big disaster from this dump. The space will be looking for a bottom for most of the top coin and we might have to wait for few more months to climb back to where we are. I expect it but not this fast in a short while. It is also a time to buy from the dip

semobo

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Quote from: restuibu on September 05, 2020, 02:34:02 PM

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

First of all this is not a big surprising thing if you are a long term crypto investor because the prices are always unpredictable.

And the current downtrend is not only in defi,not only in cryptos, it is affected the whole investment platform from big companies like Google and Amazon, so this could be another correction period in the world's economic recovery process.

Danslip

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Quote from: restuibu on September 05, 2020, 02:34:02 PM

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

The event of the market is changing so fast and it is really impossible to predict what will happen. As you above mentioned most investors have thought that bull run was coming but it would be different than expected. Everything is possible in this world, however, l don't think that BTC can reach 5k again, in my humble estimation, it will not happen till the end of the year.

Becky666

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Possibly we won't see Bitcoin @ $5k sincerely speaking: because of Bitcoin adoption. Remember that, many institutional investors has getten into the field of play and they have started making their ways to invest. What happened in August wasn't an accident because it's a test towards what's going to happen soon, defi has been tested and trusted the world is ready for defi after this bleeding in the market.

I personally look at this bleeding as an opportunity for me to buy from the dip to hold against the upcoming bullish momentum. There are potential tokens that are dip down which are calling for a buy order, don't neglect this calling.

FaucetKING

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I'm not seeing the last dump as a catastrophe. It's a lesson for all the peoples who just follow the hype blindly. An experienced trader wouldn't be scared at these times and would really be acting normal. We've seen so much hype in the last year and especially this Defi hype is repeating the same events caused by the Erc20 and the ICO's hype. Yall must stop the fomo.

lumeire

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Quote from: restuibu on September 05, 2020, 02:34:02 PM

Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

DeFi hype wasn't the reason for the pump in the prices of cryptocurrencies, and the most probable reason for the dump in prices can be the stock market crashing right now and all of us know that the Cryptocurrency market also mimics the stock market in trends. The fall can be because of a lot of reasons:

1. The GDP of every country is falling which show economy isn't performing well and hence the fall in stock and Cryptocurrency prices.

2. The border wars between India and China and America coming in support of India. In response to which China is selling the bonds and cutting it's reserve of US bonds.

Open to hear other's opinions.

Upgrade00

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Quote from: restuibu on September 05, 2020, 02:34:02 PM

will we see bitcoin under $5k again until the end of the year?

I don't think so, I would expect a resistance level around $9000-9500. But as you said, predicting the price movements of cryptocurrencies is very difficult as so many factors influence the price.

Quote from: restuibu on September 05, 2020, 02:34:02 PM

Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

The hype would certainly have influenced the crypto market to an extent, but I wouldn't say it was the sole reason for the mini-pump. Bitcoin halving happened some months ago and there has been lots of interest from institutional investors to cause a bullish sentiment.

restuibu

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Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion

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