Why the Crypto Market Remains ‘Moderately Bearish’ in 2019 - page 2.

pooya87

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Quote from: deisik on January 23, 2019, 11:32:49 AM

Quote from: el kaka22 on January 23, 2019, 09:59:36 AM

Well, that means if you have bitcoin you sell bitcoin, and that's it, however if you have litecoin then you sell your litecoin and buy bitcoin with it, sell your bitcoin and get fiat. Which means litecoin is losing value by getting sold whereas bitcoin stays the same because it is both bought and sold. That is why whenever people get out of crypto in general bitcoin still drops but drops a lot less then the altcoins that are getting dumped

That's a poor man's logic

You could just as well say that if someone sells their litecoins for fiat, Litecoin loses value and that would do just fine as an explanation. In other words, you will have to leave no stone unturned if you actually wanted to find an exchange that would trade Bitcoin for fiat and would not trade Litecoin for the same fiat at the same time. Obviously, it is not the case with most shitcoins, but who cares about them and their holders anyway?

he just used a bad example (litecoin) to explain what has been also explained before. it is not about the most popular and the oldest altcoin which happens to be listed on major exchanges that trade it with fiat. it is about other 2500 altcoins, specially the big altcoins that are being traded with large volumes (get dumped on large scale too) but don't have fiat market or if they do, they don't have it on major exchanges. for example someone who uses Coinbase as his bitcoin trading platform and Binance for his altcoins, has to sell for bitcoin, then transfer that bitcoin to coinbase and sell for fiat. and that is why bitcoin drops when there is a gigantic altcoin dump going on.

the reason why it is not dropping as much is be cause bitcoin market is huge and it can absorb that kind of crap and also because not everyone exits to fiat, they dump their shitcoins to get their valuable bitcoin back not their fiat back.

lelylely

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The market needs time to recover and still needs time to foster confidence in crypto currencies to increase adoption rates. It is still difficult to predict when the bear will disappear, and you better keep calm with the current market conditions.

BLAST2MARS

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I don't agree that it is just moderately bearish. And we never remain that way because 2018 was a devastation when we expected that btc will stay forever in the $6k price. In my opinion, we are on a severe stage of bear period.

deisik

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Quote from: el kaka22 on January 23, 2019, 09:59:36 AM

Well, that means if you have bitcoin you sell bitcoin, and that's it, however if you have litecoin then you sell your litecoin and buy bitcoin with it, sell your bitcoin and get fiat. Which means litecoin is losing value by getting sold whereas bitcoin stays the same because it is both bought and sold. That is why whenever people get out of crypto in general bitcoin still drops but drops a lot less then the altcoins that are getting dumped

That's a poor man's logic

You could just as well say that if someone sells their litecoins for fiat, Litecoin loses value and that would do just fine as an explanation. In other words, you will have to leave no stone unturned if you actually wanted to find an exchange that would trade Bitcoin for fiat and would not trade Litecoin for the same fiat at the same time. Obviously, it is not the case with most shitcoins, but who cares about them and their holders anyway?

el kaka22

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That is because bitcoin is the entry and exit points, that causes the bitcoin to move less fractionally then other coins. Think about it this way, when someone wants to get out to cash fiat currency, most of the world still have local places that allows you to sell your bitcoin to local currency and send it to your bank account right ?

Well, that means if you have bitcoin you sell bitcoin, and that's it, however if you have litecoin then you sell your litecoin and buy bitcoin with it, sell your bitcoin and get fiat. Which means litecoin is losing value by getting sold whereas bitcoin stays the same because it is both bought and sold. That is why whenever people get out of crypto in general bitcoin still drops but drops a lot less then the altcoins that are getting dumped.

sunanbonang

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Quote from: pooya87 on January 11, 2019, 12:21:59 AM

bearish would have been if price of bitcoin went below $3k not when it is pretty much the same as it was before! fluctuating within the same channels.

now the price of bitcoin has reached $ 3,500, so in your opinion it's not bearish? if there is a sufficient price reduction in the likelihood of the price of bitcoin falling below $ 3k.

exstasie

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Quote from: buwaytress on January 23, 2019, 12:55:33 AM

Quote from: 1Referee on January 22, 2019, 07:01:08 PM

Charlie Lee saw it coming and dumped his Litecoins and even warned people, but not many paid attention.

That's something I've remembered and very, very few in my circles have, despite claiming to follow a lot of these big hodlers. In fact, if I recall more precisely, he was saying something like he's been in crypto for years, and if we can enjoy an ATH for Lite, then we can certainly prepare for $20 or something, which was way below 10% of ATH.

Wise words, however you see the guy, so we should be prepared for sub-2000 easily.

We should certainly be prepared for that since it's very possible, but we should keep in mind Litecoin (and all altcoins) will always fall much further than Bitcoin. After the 2013 peak, Litecoin fell ~98% vs. Bitcoin's 87%. That 11% might not look like much, but deep into a bear market, it's huge. If Bitcoin fell that far in 2014 we would have bottomed near $25 instead of $150!

So while I'm prepared for the worst, I'm expecting higher. I'll be very surprised if we go sub-$2000.

buwaytress

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Quote from: 1Referee on January 22, 2019, 07:01:08 PM

Charlie Lee saw it coming and dumped his Litecoins and even warned people, but not many paid attention.

That's something I've remembered and very, very few in my circles have, despite claiming to follow a lot of these big hodlers. In fact, if I recall more precisely, he was saying something like he's been in crypto for years, and if we can enjoy an ATH for Lite, then we can certainly prepare for $20 or something, which was way below 10% of ATH.

Wise words, however you see the guy, so we should be prepared for sub-2000 easily.

Good thing is, he's a believer in the long-term too, so if we think his low valuation will be reached, we can also think a return to ATH is a matter of when.

exstasie

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Quote from: 1Referee on January 22, 2019, 07:01:08 PM

There is no news that will lift the market back up. The history of Bitcoin in terms of price action has proven to be a more than reliable indicator of what will happen in the future, so it makes sense to pay attention to that.

I'm a big trend trader, so I'm with you. Although we've got to keep in mind that old adage, "past performance is no guarantee of future returns." That's why it's always good to take some profits off the table during each bubble. This gravy train won't last forever.

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Quote from: wuvdoll on January 22, 2019, 09:25:58 AM

People still can't see the fact that it has been just 3 weeks. We should be looking at the upcoming news instead of looking back on the history of bitcoin.

The article title is bait, but what else can you expect from news outlets? And what news are you referring to? There is no news that will lift the market back up. The history of Bitcoin in terms of price action has proven to be a more than reliable indicator of what will happen in the future, so it makes sense to pay attention to that.

Quote from: wuvdoll on January 22, 2019, 09:25:58 AM

It never does the same thing again and again every year, if it did we would all be rich by buying during summer and selling during December.

It seems that the charts disagree with your assessment. Admittedly, it's easy talking afterwards, but we can clearly see how similar the cycles still are.

Charlie Lee saw it coming and dumped his Litecoins and even warned people, but not many paid attention.

ololajulo

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bitcoin is still hanging around the bottom and wants to be sure we have seen the bottom. Except for those who bought during the last bull, +$3000 is a good bottom for the last ATH. Your moderate bearish is the side ways moment we expect, to old time bitcoin users they are so relax and they are taking their time. Those that are worried are those that dont have enough fiat to deal with thing till the market gets back.

wuvdoll

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People still can't see the fact that it has been just 3 weeks. We should be looking at the upcoming news instead of looking back on the history of bitcoin. No matter what happens people always look at how market has moved instead of the potential moves. There were a lot of people who believed bitcoin would go up on December because it did last year, we have seen how wrong there were, now maybe same people or maybe different people are expecting a drop in bitcoin because its January and it dropped last year.

It never does the same thing again and again every year, if it did we would all be rich by buying during summer and selling during December. We should look at the future and what it holds for bitcoin, instead of news coming up out of nowhere all the news we have in our hand says that bitcoin will be going up this year. Maybe not a whole lot but even a bit.

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Quote from: talkbitcoin on January 22, 2019, 04:54:02 AM

~snip

for the market to move ahead, it first has to heal from the damage that was done to it and the investor confidence to come back as the healing process continues. then we can see the real trend shape up. which doesn't have that much chance to continue being bearish since it was bearish for over a year now.

But the question is how to heal the market itself if investors didn't invest? They are now afraid to invest due to this continuously down price in the market. Or we must blame those whales investors because they are continuing in manipulating the crypto market cap. However, let's wait for the result of ETF and BAKKT implementation, that probably it will help to heal the price in the market.

talkbitcoin

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it is too soon to predict how the market is going to be in 2019 let alone make the conclusion already and call it bullish or bearish. we have just entered this year and we did it after one of the biggest dramas in bitcoin community with another one of BCASH's attacks against bitcoin that also succeeded in crashing its price.

for the market to move ahead, it first has to heal from the damage that was done to it and the investor confidence to come back as the healing process continues. then we can see the real trend shape up. which doesn't have that much chance to continue being bearish since it was bearish for over a year now.

deisik

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Quote from: xuan87 on January 20, 2019, 02:23:20 AM

I think there are few reasons why the expert think we are going to have bearish market in 2019, I think the investors still frustrated with the big correction in 2018 so they don't really dare to make huge purchase yet, and many people think that the market still full of manipulators,so the chance to make profits is hard, and with no big companies said want to adopt crypto then the gloomy situation might be continue, but it's just a prediction, everything still can change

This is another example of how distorted the thinking of the majority of Bitcoin users is

They are not in Bitcoin to use it as intended, i.e. a currency, a means of payment, and so forth. They want big companies to adopt crypto so that they can have a chance to make profits. I suspect it won't work that way. In fact, it worked for once in the past (though without big companies), but there might not be a fresh restart or second chance as many are hoping for. It doesn't mean that Bitcoin is going to die or disappear, it means that its speculative value and thus its usefulness for speculation are going to shrink considerably

xuan87

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I think there are few reasons why the expert think we are going to have bearish market in 2019, I think the investors still frustrated with the big correction in 2018 so they don't really dare to make huge purchase yet, and many people think that the market still full of manipulators,so the chance to make profits is hard, and with no big companies said want to adopt crypto then the gloomy situation might be continue, but it's just a prediction, everything still can change

deisik

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Quote from: South Park on January 18, 2019, 05:07:33 PM

Quote from: mahilchii on January 11, 2019, 12:04:06 AM

That's really frustrating to see the CMC chart. The prices of top coins are dropping very cheaply, I was hoping for a massive pump as the first priority but crypto has some other thoughts. I think some big whales will be behind this downfall.

If it was not for the whales it is likely the price will be even lower, after all who do you think is buying all the coins of the investors that panicked and were selling their coins? The whales of course, so if anything we should be happy the whales believe in this market and buy so many coins, but whales despite their power cannot make the price of most coins to go up so until more investors decide to come back to the market we are stuck with a market which will not move much

Actually, it perfectly well works in reverse too

Or who do you think is driving prices down these days, sharks or small fish? Without whales we would be trading in a very narrow range at whatever price, though at higher prices, as I explained in this topic, the market becomes a lot more volatile and basically anyone with a couple of bitcoins in their pockets can easily move the price in either direction (or start an avalanche of sell-offs). So any way you look at it, it is the whales who are responsible for any big price action, and as we are going downhill most of the time now, it is them at work as well

BitHodler

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Quote from: South Park on January 18, 2019, 05:07:33 PM

If it was not for the whales it is likely the price will be even lower, after all who do you think is buying all the coins of the investors that panicked and were selling their coins? The whales of course, so if anything we should be happy the whales believe in this market and buy so many coins, but whales despite their power cannot make the price of most coins to go up so until more investors decide to come back to the market we are stuck with a market which will not move much.

It's good to see someone defend whales rather than accusing them of manipulating the price downwards to buy in cheaper. There is no shortage of whales are manipulators fools in here....

Most of the people don't provide buy support to an exchange, whales do. The average buyer places an order at market price and have it filled near instantly in most cases.

Whales provide buy support to protect what they hold in Bitcoin, which means that they protect your value as well. It's hard to think of entities who aren't down from +$6000 to where we are right now in terms of USD portfolio value.

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Quote from: mahilchii on January 11, 2019, 12:04:06 AM

That's really frustrating to see the CMC chart. The prices of top coins are dropping very cheaply, I was hoping for a massive pump as the first priority but crypto has some other thoughts. I think some big whales will be behind this downfall.

If it was not for the whales it is likely the price will be even lower, after all who do you think is buying all the coins of the investors that panicked and were selling their coins? The whales of course, so if anything we should be happy the whales believe in this market and buy so many coins, but whales despite their power cannot make the price of most coins to go up so until more investors decide to come back to the market we are stuck with a market which will not move much.

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Quote from: el kaka22 on January 12, 2019, 09:37:28 AM

I am starting to think maybe there are people in the world with enough money to create some sort of FUD in order to make people sell their coins and drop the price so they can buy cheap before the SEC and Bakkt happens

I think we've experienced that sort of stuff in the past. News outlets don't exactly release FUD articles just because they want to create panic among bitcoin holders, there's gotta be some sort of shady stuff going on behind the scenes that makes these websites (like cnbc or cnn) want to spread bullshit articles. But I doubt the last drop was due to some whales trying to tank the prices so that other whales can buy cheap, or because of some FUD, I think it was mainly a pullback after not being ble to break the 4k, again.

Topic: Why the Crypto Market Remains ‘Moderately Bearish’ in 2019 - page 2. (Read 655 times)