Topic: Why do you think the market is down right now? - page 20. (Read 4340 times)
I wonder if the current foreign exchange rates have anything to do with why the market of bitcoin is down? Does it rely on it or did bitcoin market status go down on its own? What do you guys think?
I’m still yet to understand something about this, whenever price pumps and drops,, it’s always at a price rate where it is above the last lowest rate it was on before the pump. E.g. price was at low $2000 in 2017 and before the end of 2017 it was at $19,000, then this year our lowest is $6000 which is above the lowest of last year with extra $4000+.
So does that mean that they pump the price to get people in and dump once lots of people has gotten in or what? Those that invested late are probably the ones complaining right now.
So does that mean that they pump the price to get people in and dump once lots of people has gotten in or what? Those that invested late are probably the ones complaining right now.
I agree that whales manipulate the crypto currency market, so you need to be patient and wait.
It seems that there is a lot of information on the news that some social media who do not accept crypto so that the sentiment also affects many who panic over the news, but the time will be stable once the information is clear
Clearer information indeed. There are investors or some newbies who are afraid of cryptocurrency because of the unnecessary news, in which those news is not true and just created for it to destroy crypto. Those news are not enough to destroy the trust of loyalist crypto users. It is probably the main reason why the demand is not rising, where demand is what the market needed today.
Frankly I don't care why the market is down. What i do know is that i can buy coins left and right to boost my holdings so that when the bull market arrives I know I'll just kick back relax and watch it pay for itself. But to answer your question, i guess it is a correction of the market for when bitcoin spiked about the beginning of this year.
Big whales lead the course to the bottom for mass buying up at low prices)
I think the situation is regulated and under control...
I think the situation is regulated and under control...
is it all that is going on with regulations?
Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
I think that is the manipulation of the whales. Well, I think the Crypto market is about to cease to exist in the years to come. That is an undeniable truth. I feel this is a strong whale market and it is totally worthless! Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
No one really knows what is responsible for the current low prices in the market.
There are few possible reasons but I'm not sure of those reasons.I used to speculate those news that are coming and guesses what's the possible cause for the market to drop accordingly. But after few days there will be another news that the first news was a false one and doesn't have reliable basis.
Looking out the reason nowadays is becoming harder.
No one really knows what is responsible for the current low prices in the market.
There are few possible reasons but I'm not sure of those reasons.I used to speculate those news that are coming and guesses what's the possible cause for the market to drop accordingly. But after few days there will be another news that the first news was a false one and doesn't have reliable basis.
Looking out the reason nowadays is becoming harder.
No one really knows what is responsible for the current low prices in the market.
There are few possible reasons but I'm not sure of those reasons.I used to speculate those news that are coming and guesses what's the possible cause for the market to drop accordingly. But after few days there will be another news that the first news was a false one and doesn't have reliable basis.
Looking out the reason nowadays is becoming harder.
is it all that is going on with regulations?
Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
No one really knows what is responsible for the current low prices in the market. We just have to remain steadfast. Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
I just think of it that there is a demand of crypto right now or maybe some people are selling their cryptos. Whatever it is, i don't really mind at all because i know this is just a normal happenings in the cryptoworld and sooner or later, it will going to be good again.
I think it's because that we are nearing the crypto regulation. Whales are anticipating that it will be more likely to be approved that's why they are spreading FUD to get bigger profit. So beware that you become their innocent victim. Think thrice before dumping your assets, or cry later.
Right.We are still facing on a down market today since crypto is very much volatile and fluctuations will be expected all the time.I think having a down market is caused by some negative news that have totally affected some investors and holders to make panic selling in some ways.Hopefully the price will soon to recover making the market turns into green again.
Correct! Many investors are panic selling, which explains the reason why the market has been on a downfall these days. It's normal within crypto land, since volatility has been affecting Bitcoin after its creation in 2009. All we could do is just wait until the next upsurge in price occurs for all the cryptocurrencies on the market. When Bitcoin rises, altcoins rise in price too. The same behavior happens if Bitcoin goes down in value.
The way I see this, is that Bitcoin is the reserve cryptocurrency of all cryptocurrencies in existence. What this means is that if Bitcoin fails or dies, then other altcoins will die too because they depend heavily on Bitcoin's value on the market. For those that are in it for the long term, they don't care about the current bear market. But, those who got in last December 2017, are regretting being invested into Bitcoin in the first place since they've lost a lot of their hard-earned money. All in all, it's only a matter of patience and perseverance to obtain the results you want to achieve with your crypto investment in the long run.
I also think it is the main reason for these current conditions, more and people who got in last year have not only lost their profits but also initial investments and won‘t be buying anything in the near future. Bad news lead to severe dumps and good news hsve almost no effect on the market anymore.
For what I can see, bitcoin trend keep decrease and it's never higher than last week
So all we can do is wait a momentum for bitcoin rise again just like last Nov !
So all we can do is wait a momentum for bitcoin rise again just like last Nov !
Yes, we have many expectations in the month of the November but there is no guarantee whether the price will increase the market, the only option we have in the market is to hold as long as until the market starts recovering.
In my opinion people don't pay attention to the risk in crypto trading. The increase in December has created a great desire for everyone and they think always market will increase. The necessary thing is for people to accept the risk of this market.
If the market goes down, there is a clear decline in investors, maybe it's because of the frequent occurrence of negative news on bitcoin that raises doubts.
But we can't really eliminate those FUD's. Its part of a free market. What investors should do its validate every news that seen or heard and not just believed on them. That's why weak hands is out, and the strong survived, because those strong hands are smart and they know that staying in the market even in a bearish one, will give them a lot of potential profits in the end.
of course because many investors sell their bitcoin, maybe bitcoin has started to lose investors because many investors are frustrated with the bear market that lasts very long.
I personally think that not all investors are frustrated. In fact, most of them stayed because they adjusted and reacted to the market. They might not be holding, but probably doing some day trading keeping them inside the ecosystem.
I think a lot of people have left the space...and moved on with their life. They might come back when they hear in the news that bitcoin has broken a new record...when I talk with colleagues and friends it seems the crypto fever is over...for a lot of people
I think that the market will go down a bit more tbh and then once it bottoms out it's buy in time. The lows and highs are common but this is the hardest time to stay motivated and believe in the future of bitcoin.
This is probably the hardest time therefore we the users should motivate people to use cryptocurrency aside from that we should clear the image of cryptocurrency that this is not just abmere image but it is true that even it is in the virtual world it can help us in our daily lives. This is a huge help for everyone.
For what I can see, bitcoin trend keep decrease and it's never higher than last week
So all we can do is wait a momentum for bitcoin rise again just like last Nov !
So all we can do is wait a momentum for bitcoin rise again just like last Nov !
Yes, we have many expectations in the month of the November but there is no guarantee whether the price will increase the market, the only option we have in the market is to hold as long as until the market starts recovering.
I surely believe that the reason why markets are down right now it is because of the fud spreading all the internet and specially in socialmedia that's why newly investor afraid to invest in crypto right now and also the whales are still waiting and finding the best opportunity to invest again in bitcoin and alts.
is it all that is going on with regulations?
Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
The market is based on supply and demand so obviously it will drop if there are more people who are preferring to sell their coins more than investing a huge amount in the market.
Thta is not the real reason, what you are saying here is just one of the fact or process that results in the downward movement of the crypto currency. Well, on the contrary this process of selling (panic mostly) gets initiated because of some factors. These could be either bad news in the market, crypto bans in some major countries or sometimes it could be financial institutes that might be interfering with the crypto use within the nation and thus banks refusing to accept the crypto transactions (Ex. India) and anything related to its downfall.
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