I think the most important thing for people right now is to not invest blindly into IEOs or ICOs.
Most of the projects right now are completely bullcrap and have zero substance associated with them. They are just reincarnations of old projects that have already died off in this extremely saturated market we live in.
Also, hedge your positions somehow. Whether through derivatives, or simply diversifying.
Topic: What is your take? - page 9. (Read 1630 times)
In my view market is taking correction after recent hype in prices. Correction in every market is inevitable factor and crypto market is not an exception. I have set my own prices at which I will buy BTC and alt coins of my choice. If you see the history BTC never disappoint its holders and I am one of it, proudly.
Some factors behind the fluctuation that I knew are whale manipulation, demand from the crypto investors, positive or negative news and sometimes the intervention of government. Market fluctuation is natural in crypto space since it is not mature enough and with the current market condition, I think that most of us had a huge loss with our portfolio so there's no going back for me now but to hold for another few years until the market matured.
Yeah but the OP os asking for specifics on why Bitcoin and the crypto market in general is so volagtile this week and I think I know why. If you look at the chart last week you will see that a correction will really take place as the MACD is on a bearish crossover while the RSI even though it's not overbought is pointing downwards hinting that this week will see at least a correction happening, well ateast it's right and we are lucky that Bitcoin had quickly recovered from such price fall in just a matter of hours rather than months like what we have seen before.
This is something normal to see especially when it comes to sudden corrections like this altcoins are mostly affected due to the facts that the market leader, Bitcoin, is going down and it really affects the rest of the altcoins available in the market. This kind of fluctuation is something we have seen in the past already and there is nothing to be alarmed of even if it wen down around the 6,500$ level as it quickly got up after that, it only tells that a lot of people shorted it but they didn't spend too much time to wait and make it go back up.
This is the crypto market and things like this often happen and there shouldn't be panic and rush to take further steps. I agree with you the biggest fact because bitcoin still influences altcoin and that is undeniable and has become a reality. but with bitcoin growing back it is certain that altcoin is also interested in being able to increase.so it is necessary to be patient to see phenomena like this and get used to it.
Some factors behind the fluctuation that I knew are whale manipulation, demand from the crypto investors, positive or negative news and sometimes the intervention of government. Market fluctuation is natural in crypto space since it is not mature enough and with the current market condition, I think that most of us had a huge loss with our portfolio so there's no going back for me now but to hold for another few years until the market matured.
Do we really need a reason for every drop and every rise? I never thought that it can be only one reason behind some big market movement, in any side. Its like you say, some factors, there is more then one, and probably every factor have some effect, that is different every time.
Crypto market is very young, its one of the most obvious reasons for volatility. Young market is an easy target for big players, they can manipulate with the price movement and they are using that, but I don't think they will be able to do that forever.
the price of bitcoin goes p and goes down. that's what it is. crypto prices somehow are dependent to BTC price and most of the news including Xijinping news affects the price of BTC. everything fluctuates when BTC swings. users will find it encouraging if the tokens they hold spikes as well but you can always see it that its BTC that is making its price goes up.
Some factors behind the fluctuation that I knew are whale manipulation, demand from the crypto investors, positive or negative news and sometimes the intervention of government. Market fluctuation is natural in crypto space since it is not mature enough and with the current market condition, I think that most of us had a huge loss with our portfolio so there's no going back for me now but to hold for another few years until the market matured.
that's what most of the holders will likely do unless they dump when they run out of patience.
Some factors behind the fluctuation that I knew are whale manipulation, demand from the crypto investors, positive or negative news and sometimes the intervention of government. Market fluctuation is natural in crypto space since it is not mature enough and with the current market condition, I think that most of us had a huge loss with our portfolio so there's no going back for me now but to hold for another few years until the market matured.
This is something normal to see especially when it comes to sudden corrections like this altcoins are mostly affected due to the facts that the market leader, Bitcoin, is going down and it really affects the rest of the altcoins available in the market. This kind of fluctuation is something we have seen in the past already and there is nothing to be alarmed of even if it wen down around the 6,500$ level as it quickly got up after that, it only tells that a lot of people shorted it but they didn't spend too much time to wait and make it go back up.
Bitcoin not doing so well in the past few months after peaking is a large part of why most alts have been slumping recently as Bitcoin still somewhat strongly influences the prices of altcoins. I've been accumulating quite a bit of BTC over the last year and so my average price of entry for coins I've accumulated recently is still below the current price of Bitcoin as it stands currently, though my alt investments haven't been doing nearly as well recently. It's still a good time to be accumulating nevertheless if you can afford it, because I doubt we'll continue heading down in the mid to long-term.
What is your take on the dwindling of the prices of cryptos? What do you think are the factors behind its fluctuation? What is your percentage (%) backing on crypto investments? How about your investment portfolio, is the return on your investments (ROI) encouraging? What is your advice to crypto investors now?
Let us discuss.
Even though the current market conditions tend to be in a bearish condition, I personally still believe in altcoin as my investment asset, we can't guess the current market situation can all happen suddenly, so it's better for us to be prepared for all the possibilities that will happen in the market, I personally have been monitoring the market for a few days and trying to buy some strong altcoins such as eth, bch, ltc and also bnb, I am sure if I keep it for a long period, it will certainly give me an advantage in the future.Let us discuss.
What is your take on the dwindling of the prices of cryptos? What do you think are the factors behind its fluctuation? What is your percentage (%) backing on crypto investments? How about your investment portfolio, is the return on your investments (ROI) encouraging? What is your advice to crypto investors now?
Let us discuss.
Let us discuss.
My portfolio is not encouraging if you mean altcoins, I'm hanging my hopes in what's going to happen next year and I think we all do, it's been two years of frustration and our portfolio have suffered enough, but we are already here, we are going to be sorry if we back up, we should not, people are heading here, so we need to stay and trust the situation will improve next year.
What is your take on the dwindling of the prices of cryptos? What do you think are the factors behind its fluctuation? What is your percentage (%) backing on crypto investments? How about your investment portfolio, is the return on your investments (ROI) encouraging? What is your advice to crypto investors now?
Let us discuss.
Price fluctuations are driven by emotions so its something can't be unpredictable as well as not constant but if the coins you are holding has potential then it has better chance to survive the price fluctuations in long run.So fill your portfolio with coins which are existing for years not with the new coins which you obtained for huge bonus. Let us discuss.
What is your take on the dwindling of the prices of cryptos? What do you think are the factors behind its fluctuation?
fluctuation there are many factors from view of the world economic crisis ,from traders too who take the opportunity to participate in lowering prices ,diminished interest ,market manipulation ,among which all the most appropriate answers that we are undergoing correction to take the opportunity at the lowest priceWhat is your percentage (%) backing on crypto investments? How about your investment portfolio, is the return on your investments (ROI) encouraging?
somehow I can't answer thatWhat is your advice to crypto investors now?
Let us discuss.
my advice is simple investment in just bitcoin and altcoin which have real products its more appropriate to increase mass adoption so as to wake up prices too Let us discuss.
in my opinion many are influencing the current price factors such as market conditions that do not improve making people hold their funds. and for the coin in my portfolio that I have is still in a bad condition, the price is still below and I don't think to cut big losses, it's better if I continue the investment that is already running
What is your take on the dwindling of the prices of cryptos? What do you think are the factors behind its fluctuation? What is your percentage (%) backing on crypto investments? How about your investment portfolio, is the return on your investments (ROI) encouraging? What is your advice to crypto investors now?
Let us discuss.
I am not really sure of the exact reason on the fluctuation of the cryptos' market value and I have a 40% feeling that early next year there would be somehow an increase or sign of recovery. I am losing from my investments in my portfolio but selling won't be the solution but to just wait for things to be again in favor to the market itself. And to other investors or future investors perhaps, do not be hasty with your decisions and be mindful of what you are engaging yourself into. Let us discuss.
What is your take on the dwindling of the prices of cryptos? What do you think are the factors behind its fluctuation? What is your percentage (%) backing on crypto investments? How about your investment portfolio, is the return on your investments (ROI) encouraging? What is your advice to crypto investors now?
Let us discuss.
Let us discuss.
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